Stockwinners Market Radar for March 16, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ATVI | Hot Stocks19:51 EDT Activision Blizzard COO sells $1.16M in common stock - In a regulatory filing, Activision Blizzard disclosed that its COO Daniel Alegre sold 14.5K shares of common stock on March 14th in a total transaction size of $1.16M.
|
NTR | Hot Stocks19:48 EDT Nutrien increases potash production to 15M tonnes - Nutrien "announced that in response to the uncertainty of potash supply from Eastern Europe it plans to increase potash production capability to approximately 15 million tonnes in 2022, an increase of nearly one million tonnes compared to previous expectations. The majority of additional volume is expected to be produced in the second half of the year. Nutrien's 2022 potash production is expected to increase by nearly 20 percent compared to 2020 and account for more than 70 percent of global production added over this period. We expect a small increase in our 2022 capital expenditures and will be hiring additional employees across our network of low-cost potash mines in Saskatchewan."
|
BMY | Hot Stocks19:41 EDT Bristol-Myers EVP sells $2.04M in common stock - In a regulatory filing, Bristol-Myers disclosed that its EVP and Chief Commercial Officer Christopher Boerner sold 29.5K shares of common stock on March 14th in a total transaction size of $2.04M.
|
GLD | Hot Stocks19:25 EDT SPDR Gold Shares holdings rise from 1,061.8MT to 1,070.5MT - This is the highest level of holdings since March of 2021.
|
IONS | Hot Stocks19:22 EDT Ionis Pharmaceuticals announces publication of positive donidalorsen ph. 2 data - Ionis Pharmaceuticals "announced the publication of positive Phase 2 data for donidalorsen in the New England Journal of Medicine available at NEJM.org. Donidalorsen is an investigational antisense medicine Ionis is evaluating for treating patients with hereditary angioedema, HAE. In the Phase 2 study, donidalorsen demonstrated a 90% reduction in angioedema attacks compared with placebo at the 80 mg monthly dose. There was significant improvement in quality of life as assessed by the Angioedema Quality of Life Questionnaire in the patients treated with donidalorsen. Patients reported higher overall health-related quality of life over 17 weeks with donidalorsen, with a mean change in total score of the AE-QoL of -26.85, compared with -6.15 in the placebo group where reduction in the score indicates better quality of life. There were improvements observed across all individual domains of the AE-QoL compared with placebo. The majority of adverse events during the study were mild with a frequency that was similar between patients receiving donidalorsen and placebo groups. There were no deaths or serious adverse events. The most common treatment-emergent adverse events (TEAEs) reported in patients treated with donidalorsen were headache and nausea, both of which occurred at a higher incidence in the placebo group. None of the patients discontinued treatment due to adverse events."
|
CP | Hot Stocks19:16 EDT Canadian Pacific announces 72-hour notice to lock out TCRC staff - Canadian Pacific has issued 72-hour notice to the Teamsters Canada Rail Conference, or TCRC, Train & Engine of its plan to lock-out employees at 00:01 ET on March 20, 2022 if the union leadership and the company are unable to come to a negotiated settlement or agree to binding arbitration. The company states: "We have been negotiating in good faith since September and over the past week, Canadian Pacific and the TCRC leadership have been meeting daily with federal mediators to reach a new negotiated collective agreement in hopes of avoiding a labor disruption. Despite those talks, our positions remain far apart."
|
NTRS | Hot Stocks19:13 EDT Northern Trust raise prime rate to 3.5% from 3.25% - The Northern Trust Company has increased its prime rate from 3.25% to 3.50%, effective Thursday, March 17, 2022.
|
ML | Hot Stocks18:40 EDT MoneyLion CEO buys $198K in common stock - In a regulatory filing, MoneyLion disclosed that its CEO Diwakar Choubey bought 100K shares of common stock on March 14th in a total transaction size of $198K.
|
HSBC | Hot Stocks18:20 EDT HSBC Bank USA, affiliates raise prime and reference rate to 3.5% from 3.25% - HSBC Bank USA, N.A., and its affiliates announced that they have raised their prime and reference rate to 3.50% from 3.25%, effective tomorrow.
|
PRIM | Hot Stocks18:10 EDT Primoris director King sells 20,000 common shares - In a regulatory filing, Primoris Services director David Lee King disclosed the sale of 20,000 common shares of the company on March 15 at a price of $26.5147 per share.
|
ZTO | Hot Stocks18:03 EDT ZTO Express declares special dividend of 25c per share - The board of directors has approved a special dividend of 25c per ADS and share for 2021 to shareholders of record as of the close of business on April 8. The payment date is expected to be April 22 for holders of class A ordinary shares and on April 27 for holders of ADSs.
|
ZTO | Hot Stocks18:02 EDT ZTO Express sees FY22 parcel volume up 18%-24% y/y - Based on current market conditions and current operations, the company's parcel volume for 2022 is expected to be in the range of 26.3B-27.64B, representing a 18%-24% increase year over year.
|
PNC | Hot Stocks17:58 EDT PNC Bank raises prime lending rate to 3.5% from 3.25% - PNC Bank, N.A. announced an increase in its prime lending rate. The new rate of 3.50% is effective tomorrow, March 17, 2022.
|
ROOT | Hot Stocks17:54 EDT COO of Root Rosenthal buys100K shares of company stock - COO of Root Daniel Rosenthal purchased 100,000 shares of company stock at $1.52 per share on March 14, for a total transaction amount of $151,810.
|
AAPL... | Hot Stocks17:50 EDT Senator Elizabeth Warren introduces legislation to limit 'Big Tech' mergers - United States Senator Elizabeth Warren, D-Mass. and United States Representative Mondaire Jones, D-N.Y. introduced bicameral legislation United States Senator Elizabeth Warren and United States Representative Mondaire Jone "introduced bicameral legislation to help stomp out rampant industry consolidation that allows companies to raise consumer prices and mistreat workers. The Prohibiting Anticompetitive Mergers Act would ban the biggest, most anticompetitive mergers and give the Department of Justice, DOJ. and Federal Trade Commission, FTC, the teeth to reject deals in the first instance without court orders and to break up harmful mergers...Without robust competition, large opportunistic corporations are able to use inflation as a pretext to abuse their pricing power and jack up prices for American consumers at the grocery store, at the gas pump, and at the pharmacy. This excessive market power costs American families $5,000 per year on average and has depressed median household wages by $10,000.," said the statement by the U.S. Senators. "For the last five decades, big companies have had almost free reign over our economy, squashing competitors, growing bigger and bigger, and abusing their market power to price gouge consumers and crush workers and small businesses. This unconstitutional behavior has to stop. My new bill with Rep. Jones would restore our country's anti-monopoly tradition by banning the biggest, most anticompetitive mergers and giving the DOJ and the FTC stronger tools to enforce our antitrust laws and restore real competition in our markets. Congress needs to take bold action to bring down prices for families and promote a fairer economy for all Americans, and our bill would do just that," said Senator Warren. Companies targed for anticompetitive behavior in the past by Sen Warren include Apple(AAPL), Amazon (AMZN) and Google (GOOG). Reference Link
|
GOOG GOOGL | Hot Stocks17:45 EDT Google I/O conference to take place May 11-12 - Google CEO Sundar Pichai said the company's Google I/O developer conference will occur May 11-12. The event will be fully online, though a portion of the conference will be streamed from the Shoreline Amphitheatre in Mountain View, California.
|
SOFI | Hot Stocks17:39 EDT SoFi Technologies CEO buys $150K in common stock - In a regulatory filing, SoFi Technologies disclosed that its CEO Anthony Noto bought 17.4K shares of common stock on March 16th in a total transaction size of $149.8K.
|
MKL | Hot Stocks17:36 EDT Markel, MCIM announce court approval of buy-out transaction - Markel and Markel CATCo, or MCIM, announced court approval of the buy-out transaction and schemes of arrangement being undertaken by Markel CATCo Reinsurance and the CATCo Reinsurance Opportunities Fund. These two insurance-linked securities funds are currently in runoff and are managed by MCIM, the Funds' Bermuda-based investment manager. On February 16, the Bermuda Court issued an order to convene meetings of the investors in the Funds for purposes of voting on whether to proceed with the Buy-Out Transaction that would allow for the accelerated distribution of remaining capital to investors in the Funds. On March 4, meetings of investors in the Funds were held at which the investors overwhelmingly voted to proceed with the buy-out transaction. On March 11, the Bermuda Court issued orders approving the buy out transaction. On March 16, the United States Bankruptcy Court for the Southern District of New York entered orders approving the enforcement in the United States of the Bermuda Orders pursuant to Chapter 15 of the United States Bankruptcy Code. All material conditions for closing the buy-out Transaction have now been satisfied. As previously announced, the buy-out Transaction will be facilitated by affiliates of Markel Corporation that will provide funding up to $50M to buy-out substantially all of the retrocessional segregated accounts of the Funds and will provide tail risk cover that will allow for the return of trapped collateral to investors in the Aquilo Fund, a segregated account of the private fund. Additionally, Markel Corporation will make payments to or for the benefit of investors in the funds, net of insurance proceeds, of approximately $100M. Under the terms of the buy-out transaction, participants in the Buy-Out Transaction will retain the right to receive any upside at the end of the applicable run-off period if Markel CATCo's held reserves exceed the amounts necessary to pay ultimate claims. The affiliates of Markel Corporation financing the buy-out transaction expect to receive a return of all their funding in relation to the full buy-out of the funds by the end of the run-off periods.
|
ABBV | Hot Stocks17:35 EDT AbbVie's Rinvoq approved by FDA for ulcerative colitis - AbbVie announced that the FDA has approved Rinvoq for the treatment of adults with moderately to severely active ulcerative colitis who have had an inadequate response or intolerance to one or more tumor necrosis factor blockers. This FDA approval is the first indication for Rinvoq in gastroenterology and is supported by efficacy and safety data from three Phase 3 clinical studies. Across all clinical trials, significantly more patients treated with Rinvoq achieved clinical remission at weeks 8 and 52, the primary endpoint. In addition, the studies met all ranked secondary endpoints. At week 8, 26% and 33% of patients treated with Rinvoq 45 mg achieved clinical remission, the primary endpoint based on mMS, compared to 5 percent and 4 percent of patients who received placebo. Onset of response occurred as early as Week 2, with a greater proportion of patients receiving Rinvoq 45 mg once daily achieving clinical response. During the maintenance trial, 42% and 52% of patients treated with Rinvoq 15 mg or 30 mg, respectively, achieved clinical remission at week 52, the primary endpoint, compared to 12% of patients who received placebo. Overall, the safety profile observed in patients with UC treated with Rinvoq was generally similar to the safety profile in patients with RA and AD.
|
BIOX MBII | Hot Stocks17:35 EDT Bioceres, Marrone Bio to combine in an all-stock transaction - Bioceres Crop Solutions (BIOX) and Marrone Bio Innovations (MBII) announced that they have entered into a definitive agreement to combine the companies in an all-stock transaction. Under the terms of the transaction, which has been unanimously approved by the Board of Directors of both companies, each share of MBI common stock will be exchanged at closing for ordinary shares of Bioceres at a fixed ratio of 0.088, representing a value of approximately $236M, based on the Bioceres and MBI share prices at market close on March 15 and the number of current outstanding MBI shares. The transaction is expected to close in the third quarter of calendar 2022, subject to the approval of MBI shareholders, regulatory clearance and other customary closing conditions. Shareholders representing approximately 49% of MBI's outstanding shares of common stock have entered into customary transaction support agreements, agreeing to vote their shares in favor of the merger agreement and transactions contemplated thereby. Upon close, MBI shareholders will own approximately 16M shares of Bioceres, with at least two individuals designated by MBI to be appointed to Bioceres' board of directors.
|
USB | Hot Stocks17:31 EDT U.S. Bancorp raises prime lending rate to 3.5% - U.S. Bancorp announced it has increased its prime lending rate to 3.5% from 3.25%, effective tomorrow, March 17, at all U.S. Bank locations.
|
SUMR | Hot Stocks17:27 EDT Kids2 to acquire SUMR Brands - Summer Infant, Inc., doing business as SUMR Brands announced that it and Kids2, Inc have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company's stockholders will receive $12.00 in cash for each share of Company common stock that they own, implying a 41.2% premium to the closing price of the Company's common stock on March 15, 2022. The transaction has been unanimously approved by the Company's Board of Directors, and Wynnefield Capital and Jason Macari, significant stockholders of the Company, have signed voting agreements in support of the transaction. The transaction is expected to close in the second quarter of 2022.
|
FB META | Hot Stocks17:24 EDT Instagram debuts Family Center, tools for parent to manage teen's experiences - Instagram chief Adam Mosseri, blogged in part, earlier: "Today, we're introducing Family Center, a new place for parents and guardians to access supervision tools and resources from leading experts. Supervision tools are available on Instagram today, and will begin rolling out in VR in May. This is the first step in a longer term journey to develop intuitive supervision tools, informed by experts, teens and parents. Our vision for Family Center is to eventually allow parents and guardians to help their teens manage experiences across Meta technologies, all from one central place. Parents and guardians know what's best for their teens, and in December I committed to developing new supervision tools that allow them to be more involved in their teens' experiences. Today, we're making these supervision tools available in our new Family Center. We worked closely with experts, parents, guardians and teens to develop Family Center, a new place for parents to oversee their teens' accounts within Meta technologies, set up and use supervision tools, and access resources on how to communicate with their teens about internet use. This is just one step on a longer path - our vision for Family Center is to eventually allow parents and guardians to help their teens manage experiences across Meta technologies, all from one central place." Reference Link
|
SAN | Hot Stocks17:21 EDT Banco Santander raises prime rate to 3.5% - Santander Bank announced it has raised its prime rate from 3.25% to 3.50%, effective March 16.
|
RVI | Hot Stocks17:18 EDT Retail Value closes sale of Crossroads Center, delisting from NYSE - Retail Value announced that the general due diligence period expired under an agreement to sell Crossroads Center located in Gulfport, Mississippi to a third-party purchaser for $38.5M in cash, subject to adjustment for certain closing pro-rations, allocations, credits and closing costs. Closing remains subject to customary conditions, including the receipt of tenant estoppels and the consent of the ground lessor to the assignment of the ground lease applicable to the shopping center, and is expected to occur by the end of April. In addition, in connection with the effectiveness of the Crossroads Centers purchaser's obligations, the company intends to provide notice to the NYSE of its intention to voluntarily de-list its common shares. The company expects that the de-listing of its common shares will occur prior to the commencement of trading on April 7. The company has not arranged for listing and/or registration of its common shares on another national securities exchange or for quotation of its common shares in a quotation medium.
|
CLB... | Hot Stocks17:16 EDT Core Labs announces launch of Carbon Capture and Sequestration Consortium - In a regulatory filing, Core Laboratories (CLB) announced the launch of a joint-industry Carbon Capture and Sequestration Consortium to analyze technical risks and challenges associated with subsurface carbon sequestration. As the number of carbon capture and sequestration projects expands, Core is leveraging its expertise in subsurface evaluation. The CCS Consortium, in collaboration with Dr. Birol Dindoruk of the University of Houston, has been formed to support global energy transition and decarbonization efforts. The Company hosted a project initiation meeting at its Houston, Texas Advanced Technology Center on 23 February 2022. The meeting was attended by technical representatives from an international panel of inaugural member companies, including: Chevron U.S.A. Inc. (CVX), EOG Resources, Inc. (EOG), JX Nippon Oil & Gas Exploration Corporation, Repsol Exploracion S.A. (REPYY), Shell Exploration and Production Co. (SHEL), and Talos Low Carbon Solutions LLC.
|
CFG | Hot Stocks17:15 EDT Citizens Financial raises prime lending rate to 3.50% from 3.25% - Citizens Financial has raised its prime lending rate to 3.50% from 3.25%, effective Thursday, March 17.
|
CLB... | Hot Stocks17:14 EDT Caore Labs announces launch of Carbon Capture and Sequestration Consortium - In a regulatory filing, Core Laboratories (CLB) announced the launch of a joint-industry Carbon Capture and Sequestration Consortium to analyze technical risks and challenges associated with subsurface carbon sequestration. As the number of carbon capture and sequestration projects expands, Core is leveraging its expertise in subsurface evaluation. The CCS Consortium, in collaboration with Dr. Birol Dindoruk of the University of Houston, has been formed to support global energy transition and decarbonization efforts. The Company hosted a project initiation meeting at its Houston, Texas Advanced Technology Center on 23 February 2022. The meeting was attended by technical representatives from an international panel of inaugural member companies, including: Chevron U.S.A. Inc. (CVX), EOG Resources, Inc. (EOG), JX Nippon Oil & Gas Exploration Corporation, Repsol Exploracion S.A. (REPYY), Shell Exploration and Production Co. (SHEL), and Talos Low Carbon Solutions LLC.
|
ASH | Hot Stocks17:03 EDT Ashland increasing prices up to 15% - Ashland will increase prices up to 15% or as contracts allow effective April 1, to cover general inflation related to raw materials, energy, freight, and labor. The price increase includes all Ashland products across all the markets and applications the company serves including life sciences, personal care, specialty additives and intermediates.
|
IBKR | Hot Stocks17:02 EDT Interactive Brokers chairman sells $2.48M in common stock - In a regulatory filing, Interactive Brokers disclosed that its Chairman Thomas Peterffy sold 40K shares of common stock on March 14th in a total transaction size of $2.48M.
|
EFC | Hot Stocks16:57 EDT Ellington Financial reports book value per share of $17.85 as of February 28 - Ellington Financial announced its estimated book value per share of common stock of $17.85 as of February 28, 2022. This estimate includes the effect of the previously announced monthly dividend of $0.15 per share of common stock, payable on March 25, 2022 to holders of record on February 28, 2022, with an ex-dividend date of February 25, 2022.
|
VEON | Hot Stocks16:50 EDT Veon issues letter to shareholders regarding Russia invasion of Ukraine - The company said, "VEON is a Nasdaq and Euronext listed major international telecommunications company headquartered in the Netherlands. VEON has a diverse investor base with no controlling shareholder, a majority of independent directors and an international management team. Our operations span nine countries where we serve nearly 220 million customers. One third of them are in Ukraine and Russia, where they are supported by 33,000 employees.Our top priority is to protect the safety and well-being of our employees and their families. Our core mission is to provide our customers with connectivity, access to information and other vital digital services. We are appalled by the growing humanitarian crisis in Ukraine. VEON calls for a lasting, peaceful resolution of the conflict and an immediate end of hostilities. We continuously evaluate the developments and are in communication with relevant authorities and other stakeholders."
|
WFC | Hot Stocks16:46 EDT Wells Fargo to raise prime rate to 3.5% - Wells Fargo said it is increasing its prime rate to 3.5% from 3.25%, effective March 17.
|
WBS | Hot Stocks16:45 EDT Webster Financial raises prime lending rate to 3.5% from 3.25% - Webster Financial Corporation announced that it has raised its prime lending rate to 3.5% percent from 3.25%, effective March 17, 2022.
|
PPIH | Hot Stocks16:44 EDT Perma-Pipe awarded contracts totaling over $15.5M in Saudi Arabia, Egypt - Perma-Pipe International Holdings, Inc. announced it has recently been awarded contracts totaling in excess of $15.5M in Saudi Arabia and Egypt. Projects will be executed in Perma-Pipe's facilities during Q1 2022. The newly awarded projects are part of major infrastructure developments in King Salman Park, Security Forces Medical City - Riyadh, King Abdullah International Gardens, Saudi Arabia, and Ain Shams University in the New Capital City, Egypt. The projects will utilize Perma-Pipe's XTRU-THERM insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing, fabrication and coating capabilities. The PermAlert leak detection system will also be supplied with the insulated pipelines. Raed Al Saleh, General Manager for Perma-Pipe Saudi Arabia states, "We are delighted with these contract awards at the start of 2022, which is shaping up to be another successful year."
|
LPTH | Hot Stocks16:41 EDT LightPath update impact on operations of COVID-19 and Ukraine situations - LightPath provided an update on operations relating to the recent COVID-19 outbreaks in China and the Russia invasion of Ukraine. The company operates in China through two wholly-owned subsidiaries. LightPath's operations in eastern Europe include a wholly-owned subsidiary based in Riga, Latvia. CEO Sam Rubin said, "The primary issue we are presently encountering in China is the quarantining and temporary closure or lockdowns of certain technology areas where our customers are located. These limitations will result in some customers being unable to accept shipments until April at the earliest. This will in turn impact our revenue recognition, inventory and other financial performance measures. We have not received any requests to cancel orders to date and expect to deliver finished goods as soon as the limitations are lifted. Due to the invasion of Ukraine, economic and trade restrictions have been imposed against Russia. To date, this has not directly impacted our manufacturing order flow in Riga or global customer demand for the infrared optics that are made at our facility in that city....Our inventory of germanium is expected to increase in value above our traditional levels and is expected to alleviate potential raw material shortages or price increases due to the war in Ukraine and disruptions in China amid the increase in Covid-19 cases. We now believe we have ample supply of germanium to last an estimated 6 months of our planned manufacturing capacity...We anticipate the impact to our revenue derived from our manufacturing operations in China in Q3 ended March 31, 2022 will be a reduction of $1.0M-$1.25M. Overall, our business remains stable with no order cancellations...At present, and for the foreseeable future, the company does not anticipate any supply issues that will affect its ability to provide products required to service current demand..."
|
WKHS | Hot Stocks16:35 EDT Workhorse Group CEO buys $155K in common stock - In a regulatory filing, Workhorse Group disclosed that its CEO Richard Dauch bought 50K shares of common stock on March 14th in a total transaction size of $155K.
|
KEY | Hot Stocks16:34 EDT KeyCorp raises prime lending rate to 3.5% - KeyCorp and its banking affiliates have raised their prime lending rate to 3.5% from 3.25%, effective March 17.
|
NETI | Hot Stocks16:34 EDT Eneti announces Seajacks signs new maintenance contract - Eneti announced that Seajacks UK Limited, a wholly-owned subsidiary of the company and a provider of installation and maintenance vessels to the offshore wind sector, has signed a new contract with a global original equipment manufacturer for wind turbine operation and maintenance in NW Europe for one of its NG2500-class vessels. The contract, which has a duration of between 90 and 180 days, will generate approximately $3.85M to $7.45M of revenue in the second and third quarters of 2022.
|
JWN | Hot Stocks16:31 EDT Nordstrom to reinstate quarterly dividend - Nordstrom announced that it is reinstating a quarterly dividend. The company's board of directors approved a quarterly dividend of 19c per share payable on April 13, to shareholders of record at the close of business on March 28.
|
RF | Hot Stocks16:30 EDT Regions Bank raises prime lending rate to 3.5% from 3.25% - Regions Bank announced it is increasing the Regions prime lending rate to 3.50% from 3.25%, effective Thursday, March 17.
|
STC | Hot Stocks16:30 EDT Stewart CEO buys $200K in common stock - In a regulatory filing, Stewart disclosed that its CEO Frederick Eppinger bought 3K shares of common stock on March 15th in a total transaction size of $200.1K.
|
GES | Hot Stocks16:27 EDT Guess falls 4.5% to $18.48 after Q4 earnings miss
|
DEN | Hot Stocks16:22 EDT Denbury announces new agreements in Louisiana's industrial corridor - Denbury announced three new lease agreements with large private landowners in Louisiana, securing additional exclusive rights to develop significant carbon dioxide sequestration projects in high quality, high-capacity reservoirs underlying deep sealing formations along the state's industrial corridor. Two of the agreements cover a contiguous area of approximately 84,000 acres located approximately thirty miles southeast of New Orleans, Louisiana. Denbury estimates this site will provide more than 500 million metric tons of potential CO2 sequestration capacity. The Company plans to initially connect emissions from nearby industrial facilities to this site, with future plans for a pipeline connection to the Company's Green Pipeline in Donaldsonville, Louisiana. The planned pipeline route is within 10 miles of multiple industrial sources that collectively emit over 20 million metric tons of CO2 annually. The Company believes that this site will provide an economic, large-scale solution for the transportation and permanent sequestration of captured industrial emissions along the Louisiana industrial corridor between Donaldsonville and lower Plaquemines Parish. Denbury also executed a new pore space agreement adjacent to the acreage leased under the Company's recently announced agreement near Donaldsonville, Louisiana. This new agreement expands the potential volume of CO2 that the Company estimates can be sequestered at the combined site to more than 220 million metric tons, approximately a 50% expansion to the original site. The combined 11,000-acre site is located less than 10 miles from the Company's existing CO2 pipeline infrastructure, and there are approximately 30 million metric tons of CO2 currently emitted annually within a 20-mile radius of the site.
|
C | Hot Stocks16:21 EDT Citi raises base lending rate to 3.5% from 3.25% - Citibank said it has raised its base lending rate to 3.50% from 3.25%, effective tomorrow, Thursday, March 17, 2022.
|
GES | Hot Stocks16:20 EDT Guess names Dennis Secor as interim CFO - Guess? "announced that Dennis Secor has been appointed Interim Chief Financial Officer for Guess?, effective April 1, 2022. Mr. Secor, a seasoned financial executive with significant experience in the apparel industry, previously served as Guess? CFO from 2006 to 2012 and succeeds Katie Anderson, who is stepping down to pursue another opportunity at a privately-held company as CFO. The Company plans to initiate a comprehensive search for a permanent Chief Financial Officer, with the assistance of an executive search firm."
|
GES | Hot Stocks16:19 EDT Guess board expands buyback by $100M - On March 14, 2022, the Board of Directors expanded its repurchase authorization by $100M, leaving a new capacity of $249.0 million. In connection with this expanded authorization, the Company intends to enter into an accelerated share repurchase arrangement with a financial institution under which it will repurchase $175.0M of its common stock on terms to be negotiated, subject to customary conditions.
|
WSM | Hot Stocks16:17 EDT Williams-Sonoma announces $1.5B stock buyback, raises quarterly dividend 10% - Williams-Sonoma announced that its Board of Directors has authorized a 10% increase in the company's quarterly cash dividend to $0.78 per share. The quarterly dividend is payable on May 27, 2022, to stockholders of record as of the close of business on April 22, 2022. The Board of Directors also approved a new $1.5 billion stock repurchase authorization, which supersedes the approximately $750 million that remains outstanding under the company's current stock repurchase authorization. "Our impressive finish to fiscal 2021, our strong liquidity position, and our operating cash flows have allowed us to increase our quarterly dividend, and to authorize a new stock repurchase program of $1.5 billion," said Laura Alber, President and Chief Executive Officer. "These actions reflect our commitment to execution and the resulting return of value to our shareholders."
|
SEER | Hot Stocks16:16 EDT Seer announces appointment of Scott Thomas as Chief Commercial Officer - Seer announced the appointment of Scott D. Thomas as Chief Commercial Officer effective March 21. Mr. Thomas joins Seer from Singular Genomics, where he served as Senior Vice President, Sales and Marketing. Prior to Singular, he spent over two decades with increasing commercial responsibilities within the life sciences industry, including 11 years at Illumina. "I'm thrilled to welcome Scott, whose leadership and breadth of expertise in the commercialization of life sciences tools complements the balance of our talented executive team," said Omid Farokhzad, Chief Executive Officer and Chair of Seer. "As we accelerate our commercial efforts following the broad release of our Proteograph Product Suite, we're excited to have Scott lead the expansion and building of our global commercial organization, and to leverage his extensive knowledge of markets around the world to reach and empower a broad range of customers to achieve exceptional outcomes."
|
GMGI | Hot Stocks16:16 EDT Golden Matrix approved for uplisting to Nasdaq - Golden Matrix announced that its common shares have been approved for listing on Nasdaq. Common shares will begin trading on Thursday, March 17 under the company's current ticker symbol (GMGI).
|
VCSA | Hot Stocks16:09 EDT Vacasa reports Q4 Nights Sold 1.1M, a 55% year-over-year increase. - Reports Q4: Gross Booking Value per Night Sold was $347, a 27% year-over-year increase. Gross Booking Value was $379 million, a 96% year-over-year increase.
|
WDFC | Hot Stocks16:07 EDT WD-40 CEO Garry Ridge retiring August 31, COO Steve Brass to succeed - WD-40 CEO Garry Ridge will retire on August 31 as part of a planned leadership transition. Steve Brass, who has served as the company's president and COO since 2019, has been appointed to become Ridge's successor, effective September 1. Brass has also been appointed to serve on the company's board of directors, effective March 15. Brass held the role of Division President, Americas, and Chief Brand Officer before he was named President and COO in 2019. Brass joined the company in 1991 and has held various management positions with the company, including European commercial director of our office headquartered in Milton Keynes, U.K. Ridge will continue to serve as chairman of the board of directors until the company's annual meeting of stockholders on December 13, when his term expires. Thereafter, he will be bestowed with the honorary title of Chairman Emeritus. Ridge will continue to serve as a strategic advisor to the company in a consulting capacity until June 30, 2023. The board of directors intends to nominate Gregory Sandfort, who currently serves as the company's lead independent director, to serve as board chair, as successor to Ridge.
|
BOX | Hot Stocks16:06 EDT Box sees revenue growth of 15%-17% in FY25 - As part of its Long-Term Financial Model, Box provided financial targets for its fiscal year ending January 31, 2025: Combined revenue growth plus free cash flow margin is expected to be 43%-44%. Revenue growth is expected to be in the range of 15%-17% year-over-year. Non-GAAP gross margin* is expected to be approximately 77%. Non-GAAP operating margin* is expected to be in the range of 25%-28%.
|
ASB | Hot Stocks16:06 EDT Associated Banc-Corp increases prime rate to 3.5% - Associated Banc-Corp announced it has increased the bank's prime rate from 3.25% to 3.5%, effective March 16.
|
BOX | Hot Stocks16:05 EDT Box announces new $150M buyback
|
OCCI | Hot Stocks16:01 EDT OFS Credit estimates NAV per share of $13.02-$13.12 as of February 28 - OFS Credit Company announced the following net asset value estimate as of February 28, 2022. Management's unaudited estimate of the range of its NAV per share of our common stock as of February 28, 2022 is between $13.02 and $13.12. This estimate is not a comprehensive statement of the company's financial condition or results for the month ended February 28, 2022. This estimate did not undergo the company's typical quarter-end financial closing procedures and was not approved by the company's board of directors.
|
LEVL | Hot Stocks15:59 EDT Level One raises quarterly cash dividend to 7c from 6c per share - Level One Bancorp, the holding company for Level One Bank, announced that the board of directors of had declared a quarterly cash dividend on its common stock of 7c per share payable on April 15 to shareholders of record on March 31.
|
EA | Hot Stocks15:41 EDT Electronic Arts to remove Russia and Belarus in esports programs - EA eSports issued the following update on Russia and Belarus: "We continue to be shocked at the conflict that is unfolding in Ukraine and join so many voices around the world in calling for peace and an end to the invasion. We stand in solidarity with the people of Ukraine. We have made the decision to remove Russia and Belarus as eligible countries in our esports programs. Effective immediately, players and teams in Russia and Belarus are ineligible to participate in the Apex Legends Global Series and the EA SPORTS FIFA 22 Global Series." Reference Link
|
NFLX | Hot Stocks15:35 EDT Netflix looks to limit account sharing, amid drive for 'great' content - Netflix Director, Product Innovation Chengyi Long blogged: "We've always made it easy for people who live together to share their Netflix account, with features like separate profiles and multiple streams in our Standard and Premium plans. While these have been hugely popular, they have also created some confusion about when and how Netflix can be shared. As a result, accounts are being shared between households - impacting our ability to invest in great new TV and films for our members. So for the last year we've been working on ways to enable members who share outside their household to do so easily and securely, while also paying a bit more. And over the next few weeks, we'll launch and test two new features for our members in Chile, Costa Rica, and Peru: Add an Extra Member: Members on our Standard and Premium plans will be able to add sub accounts for up to two people they don't live with - each with their own profile, personalized recommendations, login and password - at a lower price: 2,380 CLP in Chile, 2.99 USD in Costa Rica, and 7.9 PEN in Peru; Transfer Profile to a New Account: Members on our Basic, Standard, and Premium plans can enable people who share their account to transfer profile information either to a new account or an Extra Member sub account - keeping the viewing history, My List, and personalized recommendations. We recognize that people have many entertainment choices, so we want to ensure any new features are flexible and useful for members, whose subscriptions fund all our great TV and films. We'll be working to understand the utility of these two features for members in these three countries before making changes anywhere else in the world." Reference Link
|
DIS | Hot Stocks15:30 EDT Disney says 'Turning Red' top film premiere on Disney+ in first three days - In a tweet earlier, Disney stated that "Turning Red" was "the #1 film premiere on Disney+" based on the number of hours watched in the first three days of release. Reference Link
|
TFC | Hot Stocks15:13 EDT Truist Financial to increase prime rate to 3.5% - Truist Financial announced an increase in its prime lending rate to 3.5% from 3.25%, effective March 17.
|
FITB | Hot Stocks15:09 EDT Fifth Third to increase prime lending rate to 3.5% - Fifth Third Bank announced it will increase its prime lending rate to 3.5%, effective immediately.
|
MTB | Hot Stocks15:08 EDT M&T Bank increases prime lending rate to 3.5% from 3.25% - Effective Thursday, March 17, M&T Bank will increase its prime lending rate from 3.25% to 3.50%, the bank announced.
|
VALU | Hot Stocks14:46 EDT Value Line approves renewal of $2M share repurchase program - Value Line reported results through the third fiscal quarter ended January 31, 2022. Shareholders' equity reached $79,401,000 at January 31, 2022, an increase of 24.9% over the shareholders' equity of $63,569,000 at January 31, 2021. Retained earnings at January 31, 2022, were $86,216,000, representing an increase of 27.7% over retained earnings at January 31, 2021. The company's current assets at January 31, 2022, were $61,114,000, a 34.5% increase over current assets at January 31, 2021. In addition, the Board of Directors approved a renewal of the share repurchase program, effective immediately, allowing the repurchase of shares from time to time, up to an aggregate amount of $2M. The new repurchase program, which replaces the July 2021 program, has no set price limit and no expiration date. "Based on the company's current financial results, we believe that renewal of the repurchase program is in the best interests of our shareholders," said Howard Brecher, the company's Chairman and CEO.
|
MGI | Hot Stocks14:31 EDT MoneyGram agrees to settle legacy enforcement matter with NYDFS - MoneyGram announced it has reached a final agreement to settle its previously disclosed legacy enforcement matter with the New York Department of Financial Services, or "NYDFS," through a consent order. Pursuant to the agreement, MoneyGram will pay a civil monetary penalty of $8.25M to the NYDFS and undertake various reporting obligations. This payment is consistent with the estimated amount that MoneyGram previously accrued in the fourth quarter of 2021, the company stated. "We're pleased that this legacy matter from many years ago is now behind us. MoneyGram continues to work diligently to prevent its systems from being used to perpetrate any unlawful activity. Building an industry-leading compliance program has for years been front and center of our commitment to protecting our customers and communities," said Alex Holmes, MoneyGram's chairman and CEO.
|
CNI... | Hot Stocks13:51 EDT North American rail traffic fell 4.9% in week ended March 12 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending March 12. For this week, total U.S. weekly rail traffic was 496,134 carloads and intermodal units, down 4.7% compared with the same week last year. Total carloads for the week ending March 12 were 232,388 carloads, up 0.9% compared with the same week in 2021, while U.S. weekly intermodal volume was 263,746 containers and trailers, down 9.15 compared to 2021. to last year. North American rail volume for the week ending March 12, on 12 reporting U.S., Canadian and Mexican railroads totaled 328,598 carloads, down 1.2% compared with the same week last year, and 349,088 intermodal units, down 8.1% compared with last year. Total combined weekly rail traffic in North America was 677,686 carloads and intermodal units, down 4.9%. North American rail volume for the first 10 weeks of 2022 was 6,572,335 carloads and intermodal units, down 4% compared with 2021. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP) Greenbrier (GBX),Trinity Industries (TRN), FreightCar America (RAIL) and Wabtec (WAB). Reference Link
|
MRK AZN | Hot Stocks13:33 EDT AstraZeneca, Merck announce 'further positive results' from OlympiA trial - AstraZeneca (AZN) and Merck (MRK) announced what the companies identify as "further positive results" from the OlympiA Phase 3 trial, which showed LYNPARZA demonstrated a statistically significant and clinically meaningful improvement in overall survival versus placebo in the adjuvant treatment of patients with germline BRCA-mutated, or gBRCAm, high-risk human epidermal growth factor receptor 2-negative early breast cancer who had completed local treatment and standard neoadjuvant or adjuvant chemotherapy. Primary results from the OlympiA Phase 3 trial were first presented during the 2021 American Society of Clinical Oncology Annual Meeting and are published in The New England Journal of Medicine. The OS data and the primary results formed the basis for the recent approval by the US Food and Drug Administration of LYNPARZA in this setting, the companies noted. The additional results were presented today at a European Society for Medical Oncology Virtual Plenary. In the key secondary endpoint of OS, LYNPARZA reduced the risk of death by 32% versus placebo. LYNPARZA improved the three-year survival rate to 92.8% versus 89.1% for those on placebo. At four years, the survival benefit was maintained with 89.8% of patients treated with LYNPARZA alive versus 86.4% of those on placebo. The safety and tolerability profile of LYNPARZA in this trial was in line with that observed in prior clinical trials, the companies said.
|
AVAV | Hot Stocks13:13 EDT AeroVironment up 9% as President Biden confirms plans to provide Ukraine drones - Shares of the AeroVironment, the maker of the Switchblade 300 and the 600 drones that have been sold to U.S. Special Operations Command, are up $6.94, or 9%, to $81.16 in afternoon trading.
|
SBUX | Hot Stocks13:11 EDT Howard Schultz to return to Starbucks as interim CEO - Howard Schultz to return to Starbucks as interim CEO starting April 4th as CEO Kevin Johnson steps down. The company expects new CEO to be appointed this fall. Comments taken from Starbucks 2022 Annual Meeting of Shareholders.
|
MSFT RCI | Hot Stocks12:34 EDT Rogers, Microsoft announce strategic alliance for 5G-enabled solutions - Rogers (RCI) and Microsoft (MSFT) announced a five-year strategic alliance "to help enterprise and small and medium business customers accelerate digitization and take full advantage of hybrid work and 5G-enabled solutions." Rogers has selected Microsoft Azure as its strategic cloud for infrastructure and technology workloads. "Microsoft's focus on placing cutting-edge security at the heart of business will be combined with Rogers' own expertise and extensive threat intelligence, providing customers a trusted and reliable voice calling platform. Through this alliance, Rogers will build on its extensive capabilities as the largest SIP provider in Canada to provide solutions for business and will become Canada's largest operator partner of Microsoft Teams solutions," the companies said in a statement. The two "will also explore collaboration on R&D opportunities to support the Internet of Things and Mobile Edge Computing to advance 5G innovation and Canada's digital economy," they added.
|
CP | Hot Stocks12:24 EDT CP commits to clarifying train traffic data submitted as part of KCS deal review - Canadian Pacific Railway Limited made a statement in response to the Surface Transportation Board's decision on Wednesday asking Applicants to "address an apparent inconsistency in certain data submitted" to the STB. The company said: "CP welcomes and expects a comprehensive regulatory and environmental review of our application and shares the STB's desire for accurate, consistent information across all aspects of that review. As called for by the decision, CP will submit to the STB by March 21 a full explanation of the data submitted with its Application and shared with the Board's Office of Environmental Analysis in connection with its review of the Application. We look forward to the STB restarting the procedural schedule for its review of the proposed CP-KCS transaction following its review of the explanation Applicants will provide."
|
EBMT | Hot Stocks12:03 EDT Eagle Bancorp CEO Peter Johnson to retire, Laura Clark to succeed - Eagle Bancorp Montana announced that Peter Johnson, President and CEO, will retire at the end of the year. The Board of Directors has named Laura Clark, the current EVP, CFO and COO of the Company, to succeed the position of President of the Company and the Bank, effective April 1, 2022. She will also join the Board of Directors at that time. Following Mr. Johnson's retirement on December 31, 2022, Ms. Clark will assume the responsibilities of President and CEO of the Company and the Bank. To complement the transition, Miranda Spaulding will be promoted to SVP/CFO effective April 1, 2022. Ms. Spaulding, CPA, was promoted to Vice President in 2018 and is currently the Corporate Financial Director.
|
EXK | Hot Stocks12:00 EDT Endeavour Silver falls -10.1% - Endeavour Silver is down -10.1%, or -54c to $4.83.
|
IPI | Hot Stocks12:00 EDT Intrepid Potash falls -10.9% - Intrepid Potash is down -10.9%, or -$7.43 to $60.52.
|
SOXS | Hot Stocks12:00 EDT Direxion Daily Semiconductor Bear 3X Shares falls -12.3% - Direxion Daily Semiconductor Bear 3X Shares is down -12.3%, or -61c to $4.35.
|
FINV | Hot Stocks12:00 EDT FinVolution Group rises 34.4% - FinVolution Group is up 34.4%, or $1.10 to $4.30.
|
DDL | Hot Stocks12:00 EDT Dingdong rises 53.0% - Dingdong is up 53.0%, or $1.35 to $3.90.
|
BEKE | Hot Stocks12:00 EDT KE Holdings rises 63.7% - KE Holdings is up 63.7%, or $5.77 to $14.83.
|
SSBK | Hot Stocks11:59 EDT Southern States Bancshares appoints Mark Chambers as CEO of Southern States Bank - Southern States Bancshares, the holding company for Southern States Bank, announced the appointment of Mark Chambers to the board of directors of the company and the bank. In addition to continuing to serve as President of both the company and the bank, Chambers was appointed CEO of the bank. Chambers has served as president of both Southern States and the bank since 2019.
|
VUZI | Hot Stocks11:57 EDT Vuzix announces distribution agreement with Converge IoT - Vuzix announced that it has signed a distribution agreement with Converge IoT, a North American distributor of 4G LTE and 5G hardware, software and connectivity solutions and bundles. "Converge IoT is an exclusive National Primary Agent for the T-Mobile for Business Channel Partner Program and will sell Vuzix smart glasses across multiple industry verticals using T-Mobile's 5G network," the company stated. Vuzix has already received and shipped against an initial smart glasses order from Converge IoT, the company added.
|
BIIB | Hot Stocks11:57 EDT Biogen announces publication of ADUHELM Phase 3 EMERGE, ENGAGE data - Biogen announced that The Journal of Prevention of Alzheimer's Disease published a peer-reviewed manuscript detailing data from the pivotal Phase 3 EMERGE and ENGAGE trials for ADUHELM 100 mg/mL injection for intravenous use in early Alzheimer's disease. The publication includes results from the primary, secondary and tertiary endpoints in the trials, as well as safety data and biomarker sub-studies. In June 2021, the U.S. Food and Drug Administration granted accelerated approval for ADUHELM as the first Alzheimer's disease treatment to address a defining pathology of the disease. ADUHELM is indicated for the treatment of Alzheimer's disease. Treatment with ADUHELM should be initiated in patients with mild cognitive impairment or mild dementia stage of disease, the population in which treatment was initiated in clinical trials. There are no safety or effectiveness data on initiating treatment at earlier or later stages of the disease than were studied. This indication is approved under accelerated approval based on reduction in amyloid beta plaques observed in patients treated with ADUHELM. Continued approval for this indication may be contingent upon verification of clinical benefit in confirmatory trial. "We are pleased that the peer-reviewed manuscript is now available to provide physicians with a greater understanding of the appropriate use of ADUHELM," said Samantha Budd Haeberlein, Ph.D., SVP, Head of Neurodegeneration Development at Biogen. "We will continue to provide physicians with efficacy and safety data to help them make the best treatment decisions for patients as we learn from our ongoing trials and real-world evidence."
|
DASH | Hot Stocks11:43 EDT DoorDash announces Gas Rewards program for dashers - In a Tuesday blog post, Doordash said, "Over the last few weeks, prices at the pump have increased all across the world, and for Dashers who deliver by car, this economic reality presents unique and unprecedented challenges. We know that DoorDash needs to take steps to continue to make every dash worth doing, so we've taken time to listen to and consider feedback from the Dasher Community Council on how we can best support Dashers through this crisis and help alleviate rising costs...We're announcing a Gas Rewards program based on that feedback and aimed at offsetting the elevated gas prices, while helping Dashers preserve their earning potential. Dashers who qualify for both rewards could receive anywhere between $1.65 and $2.00 per gallon. ll U.S. Dashers Are Eligible for 10% Cash Back on Gas. Through DasherDirect, a prepaid business Visa debit card designed for Dashers, Dashers will soon be able to get 10% cash back on gas purchases - at any U.S. station - every time they use their card, even when they aren't dashing. DasherDirect is open to all U.S. Dashers, with no credit check required to apply, and Dashers can start using a virtual card at digital checkout screens as soon as they're approved. Weekly Gas Bonus for Those Who Dash Most. Each week, Dashers who accept and complete orders totaling 100 miles in a motor vehicle will earn an extra $5 - and those extra earnings will increase the more they deliver. For 175 miles, for instance, Dashers will earn an extra $10, and for 225 miles, they will earn another $15. These incremental rewards can add extra earnings between $1.27 and $1.69 per gallon for those who qualify, on top of normal DoorDash pay, promotions, and tips." Reference Link
|
KSS | Hot Stocks11:36 EDT Kohl's jumps 15% to $62 after WSJ report of planned takeover bids
|
NCBDY... | Hot Stocks11:31 EDT Bandai Namco says 'Elden Ring' has sold 12M units worldwide - Bandai Namco (NCBDY) said that its latest action role-playing game "Elden Ring" has sold more than 1M units in Japan and 12M total units worldwide. The game, which launched February 25, is currently available on PlayStation 4 (SONY), PS5, PC, Xbox One (MSFT), and Xbox Series X/S. Reference Link
|
BF.A BF.B | Hot Stocks11:20 EDT Brown-Forman appoints Dan Muraski as CIO, Sailaja Kotra-Turner as CISO - Brown-Forman Corporation announces the appointment of Dan Muraski to the role of Chief Information Officer and Sailaja Kotra-Turner to the role of Chief Information Security Officer, effective immediately. Muraski has been at Brown-Forman for more than 12 years in a variety of IT roles. Most recently, he was the vice president, director, global enterprise applications and the portfolio management office. Kotra-Turner has been with Brown-Forman since September 2020 as global director, IT security, and governance.
|
ERIE VRSK | Hot Stocks11:08 EDT Erie Insurance names Partha Srinivasa EVP and CIO - Erie Insurance (ERIE) announced that Parthasarathy "Partha" Srinivasa has been named the company's next executive vice president and chief information officer, effective April 4. Srinivasa comes to Erie from Verisk Analytics (VRSK), where he served as senior vice president and chief data officer. His appointment at Erie follows the December 2021 retirement of Bob Ingram, who served in the CIO role for more than nine years.
|
NTRA | Hot Stocks11:06 EDT Natera director Roelof Botha invests $5M in the company - Natera announced that Roelof Botha, lead independent director of Natera's board of directors and partner at Sequoia Capital, has invested $5M to purchase shares of Natera's stock on the open market. In addition, Natera executives and non-employee directors have elected to exchange their cash compensation for Natera equity for the remainder of 2022.
|
F... | Hot Stocks11:06 EDT S&P Global Mobility sees Ukraine repercussions placing 2.6M vehicles at risk - The March light vehicle production update from S&P Global Mobility - formerly the automotive team at IHS Markit - is likely to downgrade its 2022 forecast by 2.6M units to 81.6 million, IHS Markit's automotive financial analyst Demian Flowers writes. The downgrade decomposition will broadly comprise just under 1M units from lost demand in Russia and Ukraine, and the remainder split between worsening semiconductor supply issues, and loss of Ukraine-sourced wiring harnesses and other components respectively. In addition, the complete loss of Russian palladium is a tail risk with the potential to become the industry's biggest supply constraint, he adds. Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).Reference Link
|
RNVA | Hot Stocks10:58 EDT Rennova Health completes 1-for-10,000 reverse stock split - Rennova Health announced that effective at 5:00 pm, Eastern Time, on March 15, 2022, the Company completed a 1 for 10,000 reverse stock split of its outstanding common stock. The Company's common stock will open for trading on Wednesday March 16, 2022, on a post-split basis and trade under the symbol RNVAD for 20 days. As a result of the reverse stock split, every 10,000 shares of the Company's common stock issued and outstanding on the Effective Time will be consolidated into one issued and outstanding share, except to the extent that the reverse stock split results in any of the Company's stockholders owning a fractional share, which fractional share will be in that case paid in cash. In connection with the reverse stock split, there will be no change in the nominal par value per share of $0.0001. Based on the number of shares outstanding on March 9, 2022, the reverse stock split will reduce the number of shares of the Company's common stock outstanding from approximately 44 billion pre-reverse split shares to approximately 4.4 million post-reverse split.
|
WMT | Hot Stocks10:56 EDT Walmart plans to hire over 50,000 U.S. associates for stores, clubs, campuses - In a blog post, Walmart's chief people officer Donna Morris said, "I'm often asked what it's like to work at Walmart. From my vantage point, working at Walmart is an unparalleled opportunity to impact the lives of 2.3 million associates around the world at a scale only possible with our company. Our associates serve 230 million customers weekly and are key to delivering on our commitment to help save money and live better. Enabling the success of our associates is key to delivering our purpose...Ask around our stores or campus offices, and you may be surprised how many leaders started jobs at Walmart - and continue to grow their careers here. We have jobs across functions and sectors, merchants, marketers, pharmacists, optometrists, software engineers, data scientists, distribution, store and club managers. We believe our focus on the growth and mobility of our associates is second to none. We promote thousands of associates each month across our stores, clubs, supply chain facilities and campus offices. As we continued to expand our focus on the health and well-being of our customers and their families, we hired 5,500 pharmacists/pharmacy managers in 2021, the highest number in a one-year period, and more than 13,000 pharmacy technicians. Our private fleet is one of the largest in the U.S. and continues to grow, as we hired nearly 4,500 truck drivers last year, a company record. As we are in our first quarter, we plan to hire more than 50,000 U.S. associates in our stores, clubs, campuses and supply chain facilities. And we're hiring thousands into our global tech organization while adding new hubs in Toronto and Atlanta, driving innovation for our customers, members and associates."
|
EDVMF | Hot Stocks10:48 EDT Endeavour Mining appoints Srinivasan Venkatakrishnan as chair of board - Endeavour Mining is pleased to announce the appointment of Srinivasan Venkatakrishnan as an Independent Non-Executive Director and Chair of the Board and Ian Cockerill as the Senior Independent Non-Executive Director. Both appointments are effective 24 May 2022. Venkat succeeds Michael Beckett who is retiring from the Board after 12 years as Chair. Ian Cockerill rejoins the Endeavour Board as the SID, having served as a Non-Executive Director between September 2013 and March 2019. Venkat was the CEO of the global gold producer, AngloGold Ashanti Limited from 2013 to 2018, and was the Group CEO of the diversified natural resources group Vedanta Resources Limited from 2018 to 2020. Ian Cockerill held executive roles at major international mining companies, including Chief Executive Officer of Gold Fields and Anglo Coal, a subsidiary of Anglo American, and non-executive positions.
|
SFDL | Hot Stocks10:45 EDT Security Federal declares special dividend of 28c per share - Security Federal Corporation announced that its Board of Directors has declared a special cash dividend of 28c per share. The dividend will be paid on April 15, 2022 to shareholders of record as of March 31, 2022.
|
BWV | Hot Stocks10:42 EDT Blue Water Vaccines Inc trading resumes
|
BWV | Hot Stocks10:37 EDT Blue Water Vaccines Inc trading halted, volatility trading pause
|
ERIC VEON | Hot Stocks10:21 EDT Ericsson appoints Scott Dresser as CLO - Ericsson (ERIC) announced the appointment of Scott Dresser to the company's Executive Team as SVP, Chief Legal Officer and Head of Group Function Legal Affairs & Compliance. Scott will join Ericsson on 21 March 2022 and be based in the US. Scott replaces Xavier Dedullen. Dresser joins Ericsson from Veon (VEON), where he has served for eight years as the company's General Counsel.
|
COIN | Hot Stocks10:09 EDT Coinbase announces launch of 'Coinbase Pay' - In a blog post, Prakash Hariramani, Senior Director, Product Management, and Bipul Sinha, Senior Product Manager, at Coinbase announced that the company is introducing "Coinbase Pay," which they call "the easiest way for Coinbase users to fund their Coinbase Wallet from the Chrome browser extension and explore web3." Coinbase Pay "makes it easy and intuitive for anyone to participate in DeFi or purchase NFTs, in just a few clicks," the blog posted stated. The post concludes by stating: "We are continuing to build new features into Coinbase Wallet to make it the most user-friendly and accessible self-custody wallet in the world, making it easier for more users to enter the world of web3. We will also continue to expand Coinbase Pay to bring the benefits of seamless fiat onramp to the crypto ecosystem. Stay tuned for more updates." Reference Link
|
FEAM | Hot Stocks10:06 EDT FEAM Stock trading resumes
|
FEAM | Hot Stocks10:01 EDT FEAM Stock trading halted, volatility trading pause
|
FAZ | Hot Stocks10:00 EDT Direxion Financial Bear 3x falls -6.5% - Direxion Financial Bear 3x is down -6.5%, or -$1.34 to $19.38.
|
EXK | Hot Stocks10:00 EDT Endeavour Silver falls -7.6% - Endeavour Silver is down -7.6%, or -41c to $4.96.
|
MDV | Hot Stocks10:00 EDT Modiv falls -12.4% - Modiv is down -12.4%, or -$2.57 to $18.14.
|
DDL | Hot Stocks10:00 EDT Dingdong rises 28.6% - Dingdong is up 28.6%, or 73c to $3.28.
|
YMM | Hot Stocks10:00 EDT Full Truck Alliance rises 34.0% - Full Truck Alliance is up 34.0%, or $1.70 to $6.70.
|
BEKE | Hot Stocks10:00 EDT KE Holdings rises 49.8% - KE Holdings is up 49.8%, or $4.51 to $13.57.
|
IXHL | Hot Stocks09:57 EDT IXHL Stock trading resumes
|
IXHL | Hot Stocks09:52 EDT IXHL Stock trading halted, volatility trading pause
|
NINE | Hot Stocks09:47 EDT Nine Energy Service falls -5.5% - Nine Energy Service is down -5.5%, or -18c to $3.09.
|
EXK | Hot Stocks09:47 EDT Endeavour Silver falls -6.4% - Endeavour Silver is down -6.4%, or -34c to $5.03.
|
MCG | Hot Stocks09:47 EDT Membership Collective falls -7.6% - Membership Collective is down -7.6%, or -53c to $6.39.
|
DDL | Hot Stocks09:47 EDT Dingdong rises 32.5% - Dingdong is up 32.5%, or 83c to $3.38.
|
YMM | Hot Stocks09:47 EDT Full Truck Alliance rises 42.0% - Full Truck Alliance is up 42.0%, or $2.10 to $7.10.
|
BEKE | Hot Stocks09:47 EDT KE Holdings rises 49.2% - KE Holdings is up 49.2%, or $4.46 to $13.52.
|
GNTA | Hot Stocks09:45 EDT Genenta Science SpA(ADR) trading resumes
|
MXC | Hot Stocks09:43 EDT Mexco Energy trading resumes
|
NLOK AVASF | Hot Stocks09:41 EDT NortonLifeLock now sees Avast deal closing in mid-to-late 2022
|
VIGL | Hot Stocks09:40 EDT Vigil Neuroscience Inc trading resumes
|
SIF | Hot Stocks09:40 EDT SIFCO Industries trading resumes
|
AKAN | Hot Stocks09:37 EDT AKAN Stock trading resumes
|
CSII | Hot Stocks09:33 EDT Cardiovascular Systems announces first-in-human experience with Propel device - Cardiovascular Systems announced the first in-human experience with Propel, its first-generation percutaneous ventricular assist device, offering hemodynamic support for patients undergoing high-risk percutaneous coronary interventions. The first series of patients was treated by Dr. David E. Kandzari, MD, FACC, FSCAI, Chief, Piedmont Heart Institute and Cardiovascular Services, Atlanta, Ga., performed in Tbilisi, Georgia. Propel performed as intended, providing uninterrupted hemodynamic support leading to successful revascularization. Propel was used at multiple support levels, with a hemodynamic power output and duration sufficient to maintain the stability of patients during their HR-PCI.
|
MXC | Hot Stocks09:33 EDT Mexco Energy trading halted, volatility trading pause
|
AKAN | Hot Stocks09:32 EDT AKAN Stock trading halted, volatility trading pause
|
VIGL | Hot Stocks09:30 EDT Vigil Neuroscience Inc trading halted, volatility trading pause
|
GNTA | Hot Stocks09:30 EDT Genenta Science SpA(ADR) trading halted, volatility trading pause
|
SIF | Hot Stocks09:30 EDT SIFCO Industries trading halted, volatility trading pause
|
BLNK | Hot Stocks09:19 EDT Blink Charging awarded $800,000 to deploy DC Fast Chargers by MassDEP - Blink Charging announced that it has been awarded grants from the Massachusetts Department of Environmental Protection, MassDEP, to install 8 dual-port 75-175kW DC fast-charging stations across the state of Massachusetts. The Blink award, totaling $800,000, were awarded under the Massachusetts Electric Vehicle Incentive Program, MassEVIP, which provides grants for installing DC fast-charging stations at strategic locations around the state. "We are thrilled to have been awarded grant funds from MassDEP to continue expanding EV charging access in Massachusetts. The northeast is a rapidly growing EV market. It is one in which we have been successful in being selected for multiple grant and rebate awards," said Brendan Jones, President of Blink Charging. "Continuing to build-out high-density areas and high-traffic corridors will further accelerate consumer adoption of EVs. These new DC fast charging locations will provide Massachusetts residents and travelers with the confidence in the state's charging infrastructure needed to help drive the electric mobility transformation." Blink will install eight dual-port DC fast chargers in strategic locations to further develop the state's charging corridors and convert more drivers to EVs. The chargers will fill existing gaps in EV charging access along major highways and be hosted by familiar consumer brands along Route 90, Route 95, and Route 20.
|
HLTH | Hot Stocks09:17 EDT Cue Health's molecular COVID-19 test available for consumers in Canada - Cue Health's molecular COVID-19 test is now available to individual consumers in Canada. The Cue Health Monitoring System - Reader - and Cue's molecular COVID-19 test for home, can be accessed through Cue's eCommerce site and in-app shop. Canadian consumers can also sign up for the Cue+ Foundation membership, which provides users with unlimited access to Cue's supervised COVID-19 test by virtual proctor in English and French for travel, work, or school; ten COVID-19 tests are included in each membership, as well as ongoing discounts on Cue products. Cue has received Interim Order authorization from Health Canada to sell and distribute its COVID-19 test for both professional use at the point-of-care and consumer self-testing. The supervised test meets current COVID-19 testing entry requirements for international travel in many countries around the world, including Canada and the U.S.
|
CRXT | Hot Stocks09:16 EDT Clarus Therapeutics announces initiation of Phase 4 clinical trial of JATENZO - Clarus Therapeutics announced the initiation of screening for the first patient in an investigator-initiated Phase 4 clinical trial designed to evaluate the efficacy and safety of JATENZO oral softgel capsules for the treatment of adult hypogonadal men with chronic kidney disease, CKD. Clarus expects to announce results from the trial in the first half of 2023. "We are excited screening has begun for the first patient in this trial of hypogonadal men with CKD," said Dr. Robert Dudley, President and Chief Executive Officer of Clarus. "Patients with CKD suffer from a myriad of comorbidities, which often include profound reductions in circulating T. Epidemiological data indicate that an estimated two million men with CKD are clinically hypogonadal and thus may benefit from T replacement therapy. This will be the first of several life cycle management studies for JATENZO designed to maximize the potential for treatment of specific patient populations where T deficiency is a component of their compromised health."
|
RKFL ACIW | Hot Stocks09:16 EDT RocketFuel announces first customer on ACI's Secure eCommerce platform - RocketFuel Blockchain (RKFL) announced that it has finalized the integration of its payment solution with ACI Worldwide (ACIW) and the combined solution is now live on ACI's Secure eCommerce platform, available to 80,000 merchants. RocketFuel is already in the process of onboarding its first customers from ACI.
|
PVCT | Hot Stocks09:14 EDT Provectus announces oral presentation on clinical trial of PV-10 - Provectus announced that data from an ongoing clinical trial of investigational cancer immunotherapy PV-10 for the treatment of neuroendocrine tumors, NET, metastatic to the liver, mNET, refractory to somatostatin analogs, SSAs, and peptide receptor radionuclide therapy, PRRT, was presented at the annual conference of the European Neuroendocrine Tumor Society, ENETS, held from March 10-11, 2022 in a hybrid setting in Barcelona, Spain and online. Highlights from the 2022 ENETS Presentation: Patient characteristics: N = 12 patients: 50% male; median age of 66 years. Primary tumor sites: 7 small bowel, 3 pancreas, 1 caecal, and 1 unknown. NET grades: 5 Grade 1 and 7 Grade 2. All patients were refractory to SSA, and 11 received PRRT as part of their prior treatment. All patients had symptomatic, progressive disease. Baseline chromogranin A: median 1,585 microgram/L. PV-10 treatment: 4 patients received more than 1 dose. 8 patients received 1 dose. Safety: All treatment-emergent adverse events were Grade 1 or 2, primarily injection site pain. Single subjects experienced Grade 3 TEAEs of photosensitivity reaction or transaminases increased. Efficacy: Median progression-free survival: 9.4 months. Median overall survival: 22.5 months; 4 patients alive. Subgroup analysis of primary NET histology, pancreas vs intestine: mPFS 2.7 months vs 19.7 months; mOS 11.8 months vs 25.5 months Quality of life: Stable or improved health status and symptoms after 3 months in most patients
|
STLA | Hot Stocks09:13 EDT Stellantis Ventures launches with EUR 300M fund - Stellantis announced the launch of its first venture capital fund with the creation of Stellantis Ventures. The fund will initially invest EUR 300M in early and later-stage startup companies developing innovative, customer-centric technologies that could be deployed within the automotive and mobility sector. Stellantis Ventures will act as a strategic investor and help startups integrate new technologies within the Company in compressed timeframes - allowing the adoption within months versus years. Investments will not only impact Stellantis' efforts around sustainability, competitiveness, and in-vehicle technology but will also transform customer experiences around vehicle marketing, sales, and finance.
|
IBEX | Hot Stocks09:11 EDT Ibex appoints John Thompson as global head of sales - ibex announced that John Thompson has joined ibex as Global Head of Sales and Janna Normington has joined as Vice President of Utility Solutions. Thompson and Normington bring to ibex deep industry expertise and sales leadership and will be responsible for accelerating sales growth in key markets and building on ibex's 5-year trend of double-digit growth. Thompson is responsible for leading ibex's new logo sales engine and increasing the velocity and size of new business deals. He has spent his career in sales; most recently Thompson led the North American Sales organization at Sitel. Normington will drive ibex's business in the utilities industry and help clients enhance their customer experience and amplify their brand across multiple channels. She previously worked with utilities at Kandela, where she cultivated utility partnerships and increased engagement.
|
NVEI | Hot Stocks09:11 EDT Nuvei partners with Ledger to offer direct crypto on-ramp - Nuvei announces that it has partnered with Ledger, the leading hardware wallet provider, to enable direct on-ramps for 125+ cryptocurrencies with all the leading fiat funding options via its Simplex by Nuvei solution. Through Ledger Live, Ledger users will be able to purchase cryptocurrencies through Visa, Mastercard, SEPA, SWIFT and over 100 other fiat funding options for various global currencies. "Integrating with Nuvei's platform vastly expands the range of available funding and purchase options for Ledger users, who can now choose against a list of the most widespread combinations of local currencies and digital assets," the company said. "We're excited to partner with Ledger to let more and more users easily acquire crypto with maximum security," said Philip Fayer, Chair and CEO of Nuvei. "With the number of possible verified uses of crypto in the ecosystem ever increasing, having easy onramps within the wallet is key for the continued growth of the sector."
|
ST | Hot Stocks09:10 EDT Sensata collaborates with NIRA Dynamics on TDM sensor - Sensata announced a new collaboration with NIRA Dynamics to deliver a tire Tread Depth Monitoring, or TDM, 'virtual sensor' system for automotive OEMs that optimizes tire health and improves vehicle safety, efficiency and uptime. The TDM solution, powered by NIRA Dynamics' tread wear estimation software, is designed to give vehicle OEMs, drivers and fleets timely alerts when tires have worn to unsafe levels and need servicing.
|
STRN | Hot Stocks09:10 EDT Stran & Company appoints Sheila Johnshoy as COO - Stran & Company announced that Sheila Johnshoy has been appointed Chief Operating Officer to support the Company's continued growth. Ms. Johnshoy brings over 20 years of leadership in the B2B promotional products industry. Prior to joining Stran, she served as Vice President of Sourcing and Merchandising at SwagUp.
|
IEA | Hot Stocks09:09 EDT IEA selected by Silicon Ranch to construct 70 MW regenerative solar project - Infrastructure and Energy Alternatives, IEA, announced it has been awarded a contract by Silicon Ranch Corporation to construct the Cedar Springs Solar Ranch in Early County, Georgia. The 70-megawatt solar project will provide power to Green Power EMC, the renewable energy supplier for 38 Georgia electric cooperatives. Nashville, Tennessee-based Silicon Ranch is funding the installation of the Cedar Springs Solar Ranch and will own and operate the solar array for the long-term. Silicon Ranch's wholly-owned subsidiary, SR EPC, has awarded the engineering, procurement, and construction contract to IEA Constructors, a wholly-owned subsidiary of IEA. Construction is scheduled to commence by the end of the first quarter of 2022 and the facility is expected to be online by the end of the year. IEA's scope of work includes the installation of owner furnished modules and full balance of system EPC construction, including all civil, mechanical, and electrical work. More than 215,000 First Solar Series 6 modules will be installed across the 1,400-acre site in rural southwest Georgia.
|
FTNT | Hot Stocks09:08 EDT Fortinet announces new service provider partnerships - Fortinet announced five new service providers - Etihad Atheeb Telecom Company "GO," Microland, Radius Telecoms, Inc., Spectrotel, and TIME dotCom - have added Fortinet Secure SD-WAN to their managed service portfolios. Fortinet's Secure SD-WAN solution and integration with the Fortinet Security Fabric supports MSSPs in delivering a simplified network architecture with accelerated security, all powered by one operating system to achieve operational efficiencies everywhere from the datacenter to multi-cloud environments to SaaS locations.
|
JPM... | Hot Stocks09:07 EDT Founding member banks see Versana syndicated loan platform launch this year - Versana earlier announced its plans to launch an industry-backed syndicated loan platform, which it says will join together banks, institutional lenders and their service providers "to bring transparency, efficiency and velocity to this $5 trillion market." Versana's founding members are J.P. Morgan (JPM), Bank of America (BAC), Citi (C) and Credit Suisse (CS). The Versana platform, which is expected to launch later this year, will "aim to reduce the corporate loan market's operational challenges by digitally capturing agent banks' reference data directly from its source on a real-time basis," the company stated. Industry veteran Cynthia Sachs has been named as CEO and member of the Board of Directors. Sachs has spent the majority of her career as a leveraged finance banker, portfolio manager and trader at Morgan Stanley, Natixis and Bank of America, Versana noted.
|
INFN | Hot Stocks09:07 EDT Infinera, Zayo Group announces completion of terrestrial 800G optical wavelength - Zayo Group Holdings and Infinera announced the completion of the world's longest known terrestrial 800G optical wavelength in a commercial network - 1,044.51 km. The Zayo-owned fiber route stretches from Springville, Utah to Reno, Nevada and is lit and powered by Infinera's ICE6 800G coherent technology. The companies said, "800G is the highest-capacity commercially available line-side wavelength supported in production networks. 800G waves have historically been limited by distance, but through advancements in technology and improved fiber network performance, Zayo and Infinera are helping push 800G further into Zayo's optical network. Extending large wavelengths across greater distances makes services more cost-effective and capable to end users. In recent months, Zayo has been making major investments in the company's fiber network throughout North America and Western Europe, including 31 high-capacity, 400G-enabled long-haul routes and its first production interstate 800G wave in the United States. Bigger wavelengths provide significant network bandwidth expansion necessary to power high-definition content, 5G cell networks, IoT, remote work and more."
|
ANF | Hot Stocks09:06 EDT Abercrombie & Fitch launches new activewear sub-brand YPB - Abercrombie & Fitch, a division of Abercrombie & Fitch Co., announces the launch of YPB, an all-new activewear sub-brand. YPB stands for "Your Personal Best" and "aims to empower customers to perform to their highest potential - from sprinting to stretching, lifting to simply life-ing-whatever that may be. The sub-brand features a collection of fashion-forward yet functional activewear and accessories for men and women," the company said. "We've been dedicated to outfitting our millennial consumers for every part of their lives, whether they're traveling, brunching with friends or celebrating a wedding, for example. Being active is another key part of that lifestyle, and now, with the launch of YPB, we can meet those specific needs," said Kristin Scott, Global Brand President at Abercrombie & Fitch Co. "We're laser-focused on listening to our customers, and they were clear: They're looking for fashion-forward activewear that actually performs, looks good and combines quality with value. YPB delivers on all of that, while also providing the comfort and attention to detail that our customers expect from us."
|
ALSN | Hot Stocks09:06 EDT LiuGong ships WBMD trucks equipped with Allison transmissions to Columbia - Allison Transmission is pleased to announce that its long-term partner LiuGong Mining Machinery a subsidiary of global construction machinery enterprise Guangxi LiuGong Heavy Machinery , has shipped wide body mining dump WBMD trucks equipped with Allison 4800 Off Road Series fully automatic transmissions to Colombia. This award represents another milestone in Allison's pursuit to capture market share in the global wide body mining dump truck market. In China, this initiative includes both domestic and export opportunities, supporting more than $50M annually in incremental revenue potential for Allison's Outside North America On-Highway end market.
|
TM | Hot Stocks09:06 EDT Toyota Motor North America to invest $27M in TABC - For 50 years, TABC has led the way for Toyota's manufacturing operations in North America. Toyota Motor North America announced a $27M investment in the operation to support an increase in its production capabilities. The investment will equip TABC with the first coil-fed laser blanking line for TMNA, expand blanking capability to include steel and aluminum on the same line and increase capacity to cut 5.6M blanks annually. In addition, these added capabilities will enable TABC to better support Tacoma production at TMNA facilities in Baja, California, and Guanajuato, Mexico. In addition to the new technology and expanded capabilities, the investment will also support the transition of 25 TABC variable employees to permanent positions with Toyota.
|
CNI | Hot Stocks09:05 EDT Canadian National to donate CAD $1.1M to Canada-Ukraine Foundation, Razom - CN announced it will make a combined donation of CAD $1.1M to the Canada-Ukraine Foundation and to Razom in the United States in support of Ukrainians displaced by the war in Ukraine. CN will also be matching donations made through the CN Employees' and Pensioners' Community Fund. "This donation will allow the Ukrainian Canadian Congress, the Canada-Ukraine Foundation, as well as Razom in the United States, to continue providing humanitarian assistance and relief to displaced persons by offering medical care, emergency shelter and food. Our Company's history is tied to the settlement of Western Canada by Ukrainians and we are proud to have CN employees, retirees, and stakeholders in both Canada and the US who are of Ukrainian descent." - Tracy Robinson, President and Chief Executive Officer of CN.
|
PHG | Hot Stocks09:04 EDT Philips expands medical device cybersecurity imaging portfolio - Royal Philips announced the expansion of its medical device cybersecurity services portfolio at HIMSS22. Philips is introducing Secure Remote Access Management Service, leveraging the broad set of security capabilities enabled by the integration of SecureLink's critical access management and governance technology with Philips Remote Services' secure connectivity framework for technical and clinical support. The services provide benefits for healthcare providers including increased uptime, clinical performance, and advanced security to help protect access to their clinical solutions and medical devices.
|
BSGM ABT | Hot Stocks09:04 EDT BioSig Technologies Abbott appoints Sieckhaus as COO - BioSig Technologies (BSGM) announced the appointment of John Sieckhaus as Chief Operating Officer, COO. Sieckhaus brings to the Company 30 years in the healthcare industry, including 21 years at St. Jude Medical and Abbott Laboratories (ABT).
|
FULT | Hot Stocks09:03 EDT Fulton Financial CEO E. Philip Wenger to retire, Curtis Myers to succeed - Fulton Financial announced that E. Philip Wenger, chairman and chief executive officer, has informed the board that he will retire on December 31 after 43 years of service to the company. After he retires, Wenger will continue to serve as a director of the corporation and its banking subsidiary, Fulton Bank. The corporation's board of directors has named Curtis Myers, currently the corporation's president and COO, to succeed Wenger as chairman, president and chief executive officer, effective January 1, 2023. As he assumes his new role, Myers will continue to serve as the bank's chairman, president and chief executive officer and will continue to serve as a director of the corporation and the bank.
|
PRGS | Hot Stocks09:03 EDT Progress Software announces latest release of Progress WhatsUp Gold - Progress announced the latest release of Progress WhatsUp Gold. With today's WhatsUp Gold release, less than six months after Progress' acquisition of Kemp, Progress introduces integration with the comprehensive network traffic performance monitoring and diagnostics capabilities of Progress Flowmon along with the monitoring of Progress LoadMaster.
|
IZEA | Hot Stocks09:02 EDT Izea announces 'all-time record' Q1 Managed Services Bookings - IZEA Worldwide announced that it has been awarded a variety of contracts from both new and existing clients, "propelling IZEA's Managed Services team to its best Q1 bookings in company history," the company said. Managed Services bookings for the quarter have surpassed $10M compared with $6.4M in 2021, an increase of over 50% year over year, with half the month of March remaining. "We broke new Managed Services bookings records every quarter last year, and I am pleased to see the momentum continue in early 2022," said Ted Murphy, IZEA Founder and CEO. "IZEA has been awarded significant contract expansions in Q1. We have also seen strong sales pipeline development and have made many new strategic hires in our sales organization that are not yet fully contributing to bookings. We are seeing success in growing key accounts while venturing into new industries and geographic markets. In a 'US Video Influencer Marketing 2022' report released on March 8, eMarketer predicts that influencer marketing spending in the U.S. will grow by 12% this year - our Managed Services business is currently on pace to well exceed that trajectory and we intend to continue expanding our market share in the U.S. and abroad. Despite global financial and geopolitical challenges, brands are still making major investments into influencer marketing as they know the value of working with creators," Murphy continued. "The month of March has been very strong for us, and we have not directly felt the effects of restrictions or supply-chain shortages with regard to Russia. We had an infinitesimal amount of revenue associated with Russian-based marketers or creators in 2021."
|
VZ | Hot Stocks09:02 EDT Verizon Business partners with Kajeet to extend reach of BlueJeans Telehealth - Verizon Business announced that BlueJeans Telehealth is now available through Kajeet to address increasing customer demand for connected health solutions that help improve the patient-provider relationship and increase partner growth and profitability. To make BlueJeans Telehealth more accessible, Verizon has signed a U.S. distribution agreement with Kajeet to allow its channel partners access to BlueJeans Telehealth to build into connected health solutions that will help strengthen caregiver-patient communication, drive better patient outcomes, increase staff productivity, and help lower costs for healthcare providers.
|
NI | Hot Stocks09:02 EDT Elliott supports ongoing board enhancement at NiSource - Elliott Investment Management released the following statement regarding NiSource: "Building on the leadership and Board changes announced recently, we welcome NiSource's appointment of Bill Johnson to the Company's Board. As a former CEO and utility president of Progress Energy, Tennessee Valley Authority and PG&E, Mr. Johnson brings extensive utility oversight experience, demonstrated industry leadership and an ability to evaluate and complete transformational transactions. In conjunction with the company's appointment of a new CEO and two new directors, and the new CEO's announced plans to conduct a full review of the business, NiSource should be well positioned to take actions that will create meaningful shareholder value. As one of NiSource's largest investors, we look forward to our continued dialogue and engagement with the company. We expect that the results of the review will achieve the shareholder value creation that we and our fellow NiSource investors have long anticipated."
|
ERJ | Hot Stocks08:57 EDT Embraer's Eve, Global Crossing sign LOI for up to 200 eVTOL aircraft - Eve UAM, an Embraer company, and Global Crossing Airlines Group, have signed a Letter of Intent to order up to 200 of Eve's electric vertical take-off and landing aircraft. This potential sale is included in Eve's current order backlog of up to 1,785 eVTOLs. The company expects to start the deliveries in 2026. The agreement also enables a promising partnership that intends to explore the development of an ecosystem to scale Urban Air Mobility and reinforces the Concept of Operations in Miami-Dade that was announced today. GlobalX's expertise as a flag airline will contribute not only to the formulation of the infrastructure needed to permit eVTOL flights, but also the deployment of Eve's aircraft throughout their network.
|
FAT | Hot Stocks08:51 EDT Fat Brands announces three-store development deal in Alaska - FAT Brands announces a new development deal to expand its presence in Alaska with three new locations set to open over the next three and a half years. In partnership with Franchisee Robert Monteith, the development deal will increase the total unit count of Fatburger and Buffalo's Express locations in Alaska to four. In 2020, Monteith introduced the brands to the state, opening in Fairbanks.
|
CAN | Hot Stocks08:49 EDT Canaan sees Q1 results impacted by quarantine control in China - Canaan's business outlook for 1Q22 is expected to be impacted due to the delay in the delivery logistics as a result of the recent COVID-19 quarantine control in certain regions in China. Recently, local governments in a number of cities in China had initiated quarantine control mandates due to the recent resurgence of COVID-19 cases. On March 14, 2022, the government implemented a five-day quarantine lock-down for all residents and businesses in the city where the company's mining machine factory and warehouses are located. The quarantine period may be extended depending on the effectiveness of the containment. This lock-down measure resulted in the logistics suspension for the delivery of the company's mining machines to clients that have made down payments or fully prepaid for computing power orders. As such, the company expects that its revenue recognition in 1Q22 may be adversely affected due to the delay of its inventory delivery. The delivery of these orders is projected to be backlogged to 2Q22. The company will resume logistics and product delivery as soon as the condition improves.
|
CNDT | Hot Stocks08:48 EDT Conduent adds Mental Health Index to HCI platform - Conduent Incorporated announced the addition of the Mental Health Index to its Healthy Communities Institute data and analytics platform. The Mental Health Index visualizes local health and social determinants of health data as a composite measure to guide early interventions, investments, and collaborative partnerships. This index can be used by hospitals and health systems to improve access to care and address gaps in mental health outcomes.
|
CAN | Hot Stocks08:47 EDT Canaan announces $100M share repurchase program - Canaan announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to $100M worth of its outstanding (i) American depositary shares, each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 24 months starting from March 16.
|
OMQS | Hot Stocks08:47 EDT Omniq awarded $3.5M service project for transport, logistics company - OMNIQ announced that it has awarded an approximately three year $3.5M service project from a worldwide Transport and Logistics multinational leader.
|
FOUN RBT | Hot Stocks08:46 EDT Rubicon enters three-year smart city partnership with City of Houston - Rubicon Technologies announced that it has entered into a three year smart city partnership with the City of Houston, Texas to help improve residential waste and recycling services for its more than 2.3 million residents. Houston is the fourth largest city in the United States by population, and Rubicon's products will be installed across its entire waste and recycling fleet, numbering 391 vehicles. The partnership will give the City greater insight into what is happening in the field, helping to increase the productivity of its Department of Solid Waste, and supporting all internal units from the management team to the drivers.
|
DH | Hot Stocks08:41 EDT Definitive Healthcare launches passport analytics suite - Definitive Healthcare announced the general availability of the Passport Analytics Suite, a set of products that helps life science organizations develop, launch and commercialize products more efficiently by delivering data-agnostic analytics on-demand. The Passport Analytics Suite is powered by Analytical Wizards, the company acquired by Definitive Healthcare in February 2022. "We are excited to launch this suite of highly configurable and scalable analytics products built on top of the fabulous technology that we acquired with Analytical Wizards," said Jason Krantz, founder and CEO of Definitive Healthcare. "With these tools, clients can effectively assess and optimize brand performance and dial in the optimal promotional mix. The Passport Analytics Suite helps clients optimize the entire commercialization process, from early-stage business planning needs through post-launch performance acceleration." Comprised of two products - Passport Promotional Analytics and Passport Planning & Performance - the Passport Analytics Suite delivers commercial intelligence around product planning, product performance and marketing optimization. The suite combines a highly configurable front-end application environment with an automated, efficient and scalable back-end cloud platform. The Passport Analytics Suite enables life sciences organizations to establish an analytics on-demand environment at-scale. The suite can integrate internal sales and marketing data with third-party big data on claims, EMR and lab/diagnostics data, as well as publicly available datasets including CMS, clinicaltrials.gov, and CDC epidemiology.
|
PHUN | Hot Stocks08:40 EDT Phunware launches new resource for shareholders to restrict short selling - Phunware announced today that it will provide additional resources to help maximize shareholder value to include a simple online form that enables shareholders to direct their brokerages not to loan out Phunware securities such as PHUN and PHUNW. "Short selling recently made headlines in the wake of what happened with companies like GameStop and AMC when retail investors were able to successfully restrict the number of shares available in order to cause a short squeeze," said Matt Aune, Chief Financial Officer of Phunware. "While many retail investors hope the price of their shares will go up, many don't realize their brokerage may be loaning those same shares to short sellers who work in opposition to price appreciation or that they can often restrict this practice by not allowing brokerages to loan out their shares."
|
TAOP | Hot Stocks08:39 EDT Taoping smart charging pile service now available in six Chinese communities - Taoping announced that it launched smart charging pile services in six Chinese cities, and is expected to expand to more metropolitan areas in China in the near future. As of March 11, 2022, the installed charging piles have recorded accumulated users of over 20,000 with more than 200,000 valid orders. The six cities with TAOP smart charging piles installed and in operation are Shenzhen, Guangzhou, Quanzhou, Zhenjiang, Nanyang, and Shenyang. "Since the announcement of our strategic cooperation with Zhicheng Chuangtou to expand smart charging pile market in January 2022, we have actively reached out to local communities through our well-established Taoping Alliance network and completed the installation of electric two-wheelers charging piles in residential areas and public places in six cities. The Company expects to expand smart charging pile coverage to 50 cities by the end of 2022," said Jianghuai Lin, Chairman and CEO of TAOP. "We believe this business can empower the transition to a clean energy future and bring new revenue to the Company."
|
YTEN | Hot Stocks08:38 EDT Yield10 Bioscience CEO to present on development of Camelina at ABLC - Yield10 Bioscience announced that its Chief Executive Officer Dr. Oliver Peoples, Ph.D. will present at the Advanced Bioeconomy Leadership Conference 2022, ABLC, being held at the Mayflower Hotel in Washington D.C. March 16-18, 2022. The presentation, entitled, "Camelina for Low-Carbon Biofuels Feedstock Oil," will describe the benefits of Camelina as a new major platform crop to address the supply challenges in securing feedstock oil for use in biofuels. "Decarbonizing transportation fuels is an important initiative aligned with addressing both climate change as well as energy security in the U.S. and Canada," said Oliver Peoples, Ph.D., Chief Executive Officer of Yield10 Bioscience. "We are focused on establishing Camelina as a renewable reserve of feedstock oil for biofuel providing an attractive value proposition to growers, seed crushers, and energy companies. We are in the early commercial launch stage of the business with our initial spring and winter lines and are also rapidly advancing development of herbicide tolerant Camelina to enable planting on large acreage to address the rising demand for low-carbon feedstock oil."
|
QUISF | Hot Stocks08:37 EDT Quisitive Technology secures bank sponsorship agreement with Peoples Trust - Quisitive Technology Solutions executed a bank sponsorship agreement with Peoples Trust Company, which will allow LedgerPay to process payments in Canada.
|
ITI | Hot Stocks08:37 EDT Iteris awarded contract of up to $5M from the Florida DOT - Iteris announced that it has been awarded a multi-year professional services contract of up to $5M from the Florida Department of Transportation, FDOT, District Seven in Tampa, Florida for a regional smart mobility, safety and sustainability program, representing continued demand for Iteris' specialized consulting services in a key geographic market. Under the terms of the multi-year contract, which extends and expands an earlier program, Iteris will provide arterial management services for approximately 500 intersections across major corridors in Florida's District Seven, which houses almost 20% of signalized intersections in the state, with significant growth planned during the term of the contract.
|
RDUS KLDO | Hot Stocks08:35 EDT Radius Health appoints Conley as CFO, Clarke as General Counsel - Radius Health (RDUS) announced appointments to new roles on its executive leadership team, effective immediately. Mark Conley has joined Radius as the Company's Chief Financial Officer, CFO. In addition, Kim Clarke has been promoted to the General Counsel position. Both will report to Kelly Martin, the Chief Executive Officer. Conley joins from Kaleido Biosciences (KLDO) where he was most recently the VP of Finance. Kim Clarke joined Radius in 2021 as Assistant General Counsel focusing on part of our asset portfolio.
|
ATCO | Hot Stocks08:34 EDT Atlas Corp. enters charter agreement for 18 containerships with European liner - Atlas' wholly-owned subsidiary Seaspan has entered into an agreement with a major European liner customer to forward fix contracts, extending current charter terms for 18 containerships. The vessels, approximately 83,750 TEU in aggregate, were previously scheduled to roll-off charters in 2023 and 2024, respectively. These charters have now been extended into 2025. Over the course of 2023 through 2025, these contract extensions are expected to generate approximately $0.2B of incremental gross contracted cash flow.
|
XELA | Hot Stocks08:34 EDT Exela appoints Kevin Lathrop as president, Exela Healthcare Solutions - Exela Technologies announced it has hired Kevin Lathrop as President of Exela Healthcare Solutions/ Kevin will lead Exela's healthcare line of business and collaborate closely with leaders across the enterprise to drive Exela's business strategy and value proposition. Kevin will be directly responsible for the growth and performance of HS Most recently, Kevin served as President and Chief Operating Officer for Transaction Data Systems where he was responsible for running the business, growing revenue and profits by double digits .Further, within the Exela HS organization, Chris Spring was recently hired as President of Revenue Cycle Management, and Eokesh Natarajan was promoted to President of Payer Operations.
|
CRMT | Hot Stocks08:32 EDT America's Car-Mart appoints Brian Stone as EVP, procurement, inventory - America's Car-Mart announced that the Company has named Brian Stone as Executive Vice President, Procurement and Inventory effective March 21, 2022. Stone joins the Company with significant industry experience, including 20 years with CarMax, where he began in vehicle procurement and quickly progressed to senior roles, including vice president of operations, as well as vice president of strategy, mergers and acquisitions.
|
IIVI | Hot Stocks08:32 EDT II-VI introduces advanced L60 laser tool for precision shaping - II-VI Incorporated announced the introduction of its advanced L60 laser tool for precision shaping of complex profiles in superhard materials including polycrystalline diamond, polycrystalline diamond compact, synthetic diamond, and reaction-bonded ceramics, allowing II-VI to capitalize on emerging industrial applications. II-VI's L60 laser tool relies on a II-VI proprietary patent-pending process to shape profiles in polycrystalline and single-crystal diamond more cost-effectively than existing electrical-discharge machining methods. As the diamond content increases in industrial products, EDM performance decreases due to lower electrical conductivity, and laser processing efficiencies become far more appealing. For PCD parts with ultrathin diamond layers, laser tools such as II-VI's, which achieve surface-lapping precision down to ten microns, are the only option to achieve high processing yields.
|
SILC | Hot Stocks08:31 EDT Silicom secures major design win from an existing client - Silicom announced that it has secured a major design win from an existing client, a U.S. communication service provider, for customized high-runner edge networking products to be deployed in a network-wide infrastructure upgrade project that it is carrying out for one of its customers. To date, Silicom has delivered approximately $3M in equipment for the project's first phase, and, in recognition of its excellent performance, has recently received second-phase purchase orders totaling $3M to be delivered during 2022. The customer forecasts that the total value of the design win will be approximately $15M.
|
CMG | Hot Stocks08:29 EDT Chipotle tests AI kitchen assistant, Chippy - Chipotle Mexican Grill announced its latest digital innovation, Chippy, an autonomous kitchen assistant that integrates culinary traditions with artificial intelligence to make tortilla chips. Chipotle's culinary and technology teams called on Miso Robotics to customize its latest robotic solution to cook and freshly season Chipotle's delicious tortilla chips. Chippy is currently being tested at the Chipotle Cultivate Center, Chipotle's innovation hub in Irvine, Calif., and will be integrated into a Chipotle restaurant in Southern California later this year. The company is leveraging its stage-gate process to listen, test and learn from crew and guest feedback before deciding on a national implementation strategy.
|
FNF | Hot Stocks08:27 EDT Fidelity National to partially spin off F&G Annuities & Life to shareholders - Fidelity National Financial earlier announced its intention to dividend to FNF shareholders, on a pro rata basis, 15% of the common stock of its wholly-owned subsidiary, F&G Annuities & Life, or "F&G," a provider of annuity and life insurance products. FNF will retain control of F&G through an 85% ownership stake and "remains committed to F&G's growth and long-term success," the company stated. The distribution was approved by FNF's board of directors on March 14. "The Board of Directors believes that the public listing of F&G shares through a dividend to FNF shareholders will unlock the value of both industry leading businesses. The separation is intended to be structured as a taxable dividend to FNF shareholders and is targeted to be completed in the third quarter of 2022," the company stated. To support the strong growth prospects of F&G, FNF will convert its $400M intercompany loan to F&G into F&G equity prior to the distribution. FNF will maintain 85% of F&G's common stock, continuing to hold control and primary ownership. FNF intends to distribute 15% of F&G's common stock to FNF shareholders in order to reinforce the standalone value of F&G, as well as to allow investors to invest directly in F&G. William P. Foley, II, Chairman of the Board of FNF, said, "F&G has exceeded all of our expectations having grown assets under management by 38% to $36.5 billion since our acquisition in June of 2020 and proving our strategic rationale for the deal. FNF's balance sheet allowed a credit ratings upgrade of F&G and accelerated its growth by entering new distribution channels. While this has played out much better than we had expected, the market has not recognized the value creation that has taken place at F&G. We believe that the best way to unlock this value is to publicly list F&G through a dividend to our shareholders."
|
ORMP | Hot Stocks08:26 EDT Oramed completes patient enrollment in Phase 2 oral insulin NASH trial - Oramed Pharmaceuticals has completed enrollment of all patients in a Phase 2 trial of its oral insulin capsule ORMD-0801 for the treatment of non-alcoholic steatohepatitis - NASH -. Efficacy endpoints including safety and percentage change in liver fat content, liver fibrosis, and liver steatosis from baseline are measured via MRI-PDFF following 12 weeks of dosing. The global market for drugs to treat NASH is expected to reach $84B by 2029.
|
MDXG | Hot Stocks08:23 EDT MiMedx partners with WoundGenex to launch nationwide graft program - MiMedx announced a strategic partnership with WoundGenex, a wound care management and clinical services provider, to launch an exclusive version of WoundGenex's Premier Graft Program to its clients across the country, providing clinicians access to industry-leading allograft products through a convenient purchasing option. The partnership adds the portfolio of MiMedx wound care products to the list of treatment options available to clinicians. Premier Graft Program members tap into group purchasing power that allows WoundGenex to facilitate product ordering at no upfront cost to the provider or organization. MiMedx's flagship advanced wound care product, EPIFIX(R), is covered by 100% of national commercial payors for the treatment of diabetic foot ulcers.
|
MRNA | Hot Stocks08:21 EDT Moderna to supply Japan with additional 70M doses of COVID-19 booster vaccine - Moderna announced an agreement with the Ministry of Health, Labour and Welfare of Japan to supply Japan with an additional 70 million doses of Moderna's COVID-19 booster vaccine or an updated booster vaccine candidate, if authorized, for anticipated delivery in the second half of 2022. This agreement is subject to the Ministry securing a budget for the additional supply. In 2022, 93 million doses of Moderna's COVID-19 vaccine are currently contracted for supply to Japan, with the potential for this to increase to 163 million doses with this new agreement.
|
MNMD | Hot Stocks08:21 EDT Novamind selected by MindMed for phase IIb trial of LSD for GAD - Novamind is pleased to announce it has been selected by Mind Medicine to host a phase IIb randomized clinical trial investigating lysergic acid diethylamide for generalized anxiety disorder in adults. MindMed is a clinical-stage biotech company developing the next generation of psychedelic-inspired medicines and therapies. The LSD Clinical Trial is the most advanced program in MindMed's clinical drug development pipeline and is the first commercial study of LSD in over 40 years. The primary objective of the study is to determine the reduction in anxiety symptoms for up to twelve weeks after a single administration of MindMed's proprietary drug candidate, MM-120, a pharmacologically optimized form of LSD being developed for GAD and other brain-based disorders. The multi-site LSD Clinical Trial plans to enroll 200 participants with dosing expected later this year. Novamind will host the LSD Clinical Trial at its Draper, Utah research site, further strengthening its track record of hosting neuropsychiatry and psychedelic clinical trials. In October 2021, Novamind was awarded two DEA Schedule 1 licenses for psilocybin research, qualifying it to conduct a recently announced phase II trial for major depressive disorder sponsored by the Usona Institute, as well as future psilocybin trials. Novamind expects to add LSD under the licenses in relation to the LSD Clinical Trial.
|
OBNNF | Hot Stocks08:18 EDT Osisko Mining's Windfall drilling intercept high grade in Lynx - Osisko Mining provides new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec. Significant new analytical results presented below include 50 intercepts in 27 drill holes and 8 wedges. The infill intercepts are located inside defined January 2022 mineral resource estimate blocks. The expansion intercepts are located outside the January 2022 MRE blocks and either expand resource wireframes or are in a defined zone or corridor but do not yet correlate to a specific wireframe. Osisko Chief Executive Officer John Burzynski commented: "The Lynx infill and expansion drill programs continue to impress with respect to both high-grade and width. A third of today's intercepts are greater than an ounce per ton gold and a third are greater than five meters in length. Drilling at Windfall remains focused on Lynx and other strategic areas."
|
IMXI | Hot Stocks08:17 EDT International Money Express to acquire La Nacional - International Money Express announced it has signed a definitive agreement to acquire Envios de Valores La Nacional and LAN, Denver-headquartered money remittance companies serving more than 70 countries. Through the purchase of LAN, Intermex will acquire I-Transfer Global Payments E.P, a Spain-based money transmitter that enables its customers to send money transfers from Spain, Italy, Germany, and Canada. The Company anticipates the transaction to close mid-year 2022, subject to customary closing conditions, including financial services-related regulatory approvals. Terms of the transaction were not disclosed. Upon closing, the acquired businesses will operate as a group of wholly-owned subsidiaries of Intermex and it is expected that its present management team will remain in place, led by Jon Ness as CEO and President, and will report to Bob Lisy, Intermex's Chairman and CEO. Intermex expects to fund the transaction with its cash on hand. "La Nacional's strong market position in remittances to the Dominican Republic and other Latin American countries is a perfect complement to Intermex's existing business in those markets," stated Bob Lisy, Chairman, Chief Executive Officer, and President. "With the addition of this market share to the Dominican Republic, Intermex will now be one of the leading U.S.-based remittance companies serving Mexico, Guatemala, Honduras, El Salvador, and the Dominican Republic, which are the top five Latin American markets, accounting for 83% of all the money sent to Latin America from the United States. While La Nacional is Latin American focused, the transaction significantly expands our global footprint to more than 70 countries from our current footprint of 28, with the acquisition of the Company's subsidiary, I-Transfer. I-Transfer currently operates in the European Union and provides remittances outbound from Canada and key EU countries, including, Spain, Italy, and Germany to various corridors around the world," Lisy added.
|
SBUX | Hot Stocks08:17 EDT Starbucks: Schultz volunteering as interim CEO; to receive $1 of compensation
|
DUET | Hot Stocks08:15 EDT DUET Acquisition announces separate trading of common stock, warrants - DUET Acquisition announced that holders of the units sold in the Company's initial public offering of 8,625,000 units completed on January 24, 2022, may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about March 14, 2022. Holders of units will need to have their broker contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into shares of Class A common stock and warrants. Those units not separated will continue to trade on the Nasdaq Global Market under the ticker symbol "DUETU," and the Class A common stock and warrants that are separated will trade on Nasdaq under the symbols "DUET" and "DUETW," respectively.
|
HCTI | Hot Stocks08:14 EDT Healthcare Triangle AWS Cloud Services helps Southeast Iowa Regional Medical - Healthcare Triangle announced it helped a Southeast Iowa Regional Medical Center improve its recovery times by 67%. It strengthened the reliability of its electronic health records, EHR, that support patient life-saving services every day. To improve the reliability and recovery capabilities of the hospital's EHR platform, the provider reached out to Healthcare Triangle. HCTI recommended the use of Elastic Disaster Recovery to set up a secondary site on AWS cloud. Elastic Disaster Recovery is a highly automated service that minimizes downtime and data loss by continuously replicating on-premises and cloud-based applications into AWS, and quickly launching them in the case of an IT disruption. "In addition to better recovery objectives, the healthcare provider has benefitted from reliable, non-disruptive testing and follows the recommended best practice of creating an isolated network within AWS and using Elastic Disaster Recovery to launch a test failover of the MEDITECH application into that isolated environment," the company said.
|
CSTM | Hot Stocks08:14 EDT Constellium releases 2021 business, sustainability report - Constellium released today its 2021 Business and Sustainability Report, outlining the company's progress on its sustainability goals as set in 2015. Constellium's commitment to sustainability has been recognized by several independent organizations, with a Platinum rating from Ecovadis, an AA rating from MSCI, and an A rating from CDP 2021 Supplier Engagement Leaders for climate change. Constellium was also well ranked in various independent media surveys of sustainability and diversity. The report highlights milestones Constellium achieved in 2021, including: Safety: 2021 was the second consecutive year with a Recordable Case Rate below 1.9, significantly lower than the industry average. 12 of our sites reached milestones of more than 1 million work hours without a recordable accident. Reducing greenhouse gas emissions: Despite the adverse impact from the Covid-19 crisis and the resulting supply chain disruptions, we managed to remain on track to meet our 2025 goal to cut GHG emissions intensity by 25% vs. 2015. Due to this challenging environment, we were not able to achieve our 2021 energy efficiency target, but we have put in place targeted actions to rapidly improve in a more stable operating environment. Recycling: Recycled aluminium accounted for 41% of our metal input in 2021. We expect our recycled input to increase as we have announced a significant investment in a European recycling center with approximately 130,000 metric tons of capacity. In this effort, we also work in partnership with our customers and with trade associations, and are supporting an ambitious program to boost beverage can recycling in the U.S. Reducing landfilled waste: We exceeded our 2021 target for landfilled production waste, with a 37% reduction vs. 2015 thanks to the successful implementation of recycling programs in all our sites. Aluminium Stewardship Initiative: Neuf-Brisach, Singen, Gottmadingen, and Dahenfeld are ASI certified, both for the Performance and the Chain of Custody Standards.
|
VEC | Hot Stocks08:14 EDT Vectrus selected by Department of Defense for 5G smart warehouse development - Vectrus has been selected by the Department of Defense to complete the final phases of application development for a 5G Smart Warehouse at Naval Base Coronado, or NBC. The NBC 5G Smart Warehouse Assessment Team conducted a down select during Phase 1, comparing application solutions from three companies including Vectrus. This effort is part of the DoD's $600M 5G experimentation and testing initiative, originally awarded in 2020.
|
MDT | Hot Stocks08:13 EDT Medtronic's GI Genius shows 50% reduction in missed polyps during colonoscopy - Medtronic announced final findings from a randomized, international, multi-center study that confirmed the effectiveness of the GI Genius intelligent endoscopy module, which uses AI as an aid in detecting colorectal polyps during colonoscopy, potentially helping to prevent colorectal cancer. The study, published on March 15 in Gastroenterology, found that the use of GI Genius in conjunction with colonoscopy significantly decreases the miss rate - 2x - of colorectal polyps and adenomas compared to standard colonoscopy. In colonoscopies performed as part of the study, adenoma miss rate was significantly lower when GI Genius was used as compared to a non-AI-assisted colonoscopy - 15.5% vs 32.4% -. These findings demonstrate that the use of GI Genius during colonoscopy significantly decreases the miss rate of both adenomas and polyps, further confirming the benefit GI Genius adds to colonoscopy procedures. The study further found that false negative rates, when a GI Genius-assisted colonoscopy detected adenoma after an initial standard colonoscopy did not, were much lower than that of non-AI-assisted colonoscopies - 6.8% vs. 29.6% -. The findings confirm topline results of the DETECT study from November 2021 that both AMR and polyp miss rate significantly improve when GI Genius is used during colonoscopy. Medtronic is the exclusive worldwide distributor of the GI Genius module which was granted De Novo authorization from the . FDA on April 9, 2021. In addition to the U.S., the GI Genius module is available in Europe and select markets in Asia, Australia, and the Middle East.
|
MKTX | Hot Stocks08:12 EDT MarketAxess launches MKTX U.S. Investment Grade 400 Corporate Bond Index - MarketAxess Holdings announced the launch of the MKTX U.S. Investment Grade 400 Corporate Bond Index. The launch of MarketAxess' first tradable index underscores the company's long-term commitment to creating innovative and actionable data solutions in the fixed income market. The MKTX 400 Index, administered by MarketAxess Technologies Inc., tracks the performance of 400 U.S. dollar denominated investment grade corporate bonds with higher-than-average liquidity relative to the broader U.S. corporate bond market. Powered by MarketAxess' proprietary liquidity and pricing data - Relative Liquidity Score and Composite+ pricing engine - the Index combines actionable liquidity with broad market exposure.
|
WULF | Hot Stocks08:11 EDT TeraWulf announces new $15 capital contribution - TeraWulf announced that existing shareholders, newly appointed directors, along with company leadership, have contributed approximately $15M in new capital to the company. The contribution was composed of the new issuance of $10M of convertible preferred stock of TeraWulf to existing shareholders and newly appointed directors and the commitment by company leadership, led by CEO and chair of the board of TeraWulf Paul Prager, to purchase $5M of the company's common stock.
|
PALI | Hot Stocks08:11 EDT Palisade Bio announces analysis of studies LBS-IST-POI-101, LBS-POI-201-CN - Palisade Bio announced data from a Pooled-Analysis of Studies LBS-IST-POI-101 and LBS-POI-201-CN. These data are featured today at the Next Big Thing session of the Society of American Gastrointestinal and Endoscopic Surgeons, SAGES, 2022 Annual Meeting, being held in Denver, March 16-19. Highlights are: LB1148 reduced incidence of adhesions by 72% in patients undergoing bowel resection; LB1148 reduced extent and severity of adhesions by 93% in patients undergoing bowel resection; The incidence of adhesions in the placebo group was similar to the published incidence; 100% of placebo-treated subjects underwent a laparoscopic procedure, and 8 of 9 had greater than or equal to 1 adhesions; 75% of the 8 LB1148-treated subjects underwent a laparoscopic procedure, and 2 of 6 had greater than or equal to 1 adhesions; 25% of the 8 LB1148-treated subjects underwent a laparotomy, and neither formed adhesions; and No drug-related serious adverse events occurred in the trials. Studies LBS-IST-POI-101 and LBS-POI-201-CN assessed the efficacy of LB1148 to reduce the formation of adhesions in subjects undergoing abdominal surgery. Study LBS-IST-POI-101 was a Phase 1, single-center, open-label, study enrolling 11 subjects undergoing GI surgery. The PROFILE-CN study was a 120-subject Phase 2, randomized, double-blind, placebo-controlled study conducted in collaboration with co-development partner, Newsoara Biopharma to evaluate LB1148 for return of GI function in subjects undergoing planned bowel resection surgery. In both trials, a subset of subjects went on to have a second surgery. In these subjects, adhesions were assessed and quantified at the time of surgical closure during the initial surgery and at the time of opening at the subsequent surgical procedure.
|
SGHT BSX | Hot Stocks08:11 EDT Sight Sciences appoints Brenda Becker to board of directors - Sight Sciences (SGHT) announced the appointment of Brenda Becker to its Board of Directors, effective March 15, 2022. As part of her duties, Ms. Becker has joined the Nominating and Governance Committee. Ms. Becker has more than 40 years of combined private and public sector experience focused on health policy and legislation. She currently serves as Senior Vice President, Global Government Affairs at Boston Scientific (BSX).
|
WE | Hot Stocks08:11 EDT WeWork expands to Boston, Chicago, Los Angeles, D.C., following launch in NYC - Following a launch in NYC, WeWork Growth Campus is expanding to Boston, Chicago, Los Angeles, and Washington, D.C. WeWork is expanding its WeWork Growth Campus program nationally and committing an additional $35 million in space for startups and nonprofits in four cities across the country. As part of this national expansion, WeWork is committing $4.8M in space in Boston; $8.8M in space in Chicago, $5.2M in space in Los Angeles and $16.3M in space in Washington, D.C. In addition to the 11 existing WeWork Growth Campus locations in New York City, WeWork Growth Campus members will now will now have the choice of space in more than 800 offices in 13 additional locations across the country: "While the pandemic has challenged businesses across all sectors, we've also seen entrepreneurship rally in the face of adversity across the country, as Americans filed for more new businesses - 5.4 million in 2021 - than in any other year on record," said Melinda Holland, President and COO of The Americas at WeWork. "As 2022 looks to be another record year for new businesses, we couldn't be more thrilled to expand WeWork Growth Campus across the country and do our part to help support American innovation, entrepreneurship and service."
|
FRNWF | Hot Stocks08:10 EDT Marie Clare launches shopping experience Marie Clare Edit - Marie Claire has expanded its brand offering with the launch of a new editorially approved shopping experience: Marie Claire Edit. The company said, "Marie Claire Edit brings the ultimate shopping experience to readers, allowing them to shop thousands of stores via a single site. Users can shop the fashion brands they love across multiple retailers all in the same place, comparing products and styles approved by the expert Marie Claire editorial team. Marie Claire Edit creates a new way for customers to curate their wardrobe and engage with Marie Claire's fashion and beauty content."
|
CLVS | Hot Stocks08:09 EDT Clovis, Evergreen enter development agreement for actinium-225-labeled-FAP-2286 - Clovis announced the initiation of a development, manufacturing, and services agreement with Evergreen Theragnostics to develop actinium-225-labeled-FAP-2286. Under the agreement, Clovis and Evergreen intend to develop radiolabeling chemistry and analytical methods for use in potential future pre-clinical and clinical studies. Under the terms of the agreement, Evergreen will develop 225Ac-FAP-2286 at its facility in Springfield, New Jersey. The facility was purpose-built to develop and manufacture a variety of therapeutic radiopharmaceuticals, including those based on alpha-emitting isotopes such as 225Ac, from early development to commercial scale manufacturing.
|
LGHL | Hot Stocks08:08 EDT Lion Group relocates headquarters to Singapore - Lion Group has relocated its headquarters to Singapore. Lion International Financial Singapore, a subsidiary of the company, obtained a capital market service license issued by the Monetary Authority of Singapore in October 2021.
|
MFG C | Hot Stocks08:08 EDT Mizuho Americas appoints Dominic Konstam as head of macro strategy - Mizuho Americas (MFG) announced the hiring of Dominic Konstam as Managing Director, Head of Macro Strategy within the Interest Rate Products business, a key part of the firm's Fixed Income Division. Konstam recently served as Co-Head of Rates Research at Citibank (C).
|
AAP SIG | Hot Stocks08:07 EDT Advance Auto Parts appoints Signet Jewelers executive Joan Hilson to board - Advance Auto Parts (AAP) announced Joan Hilson, Signet Jewelers (SIG) chief financial and strategy officer, has been appointed to its board of directors effective March 15. Hilson has more than 35 years of finance experience primarily in the retail industry.
|
NTAP CSCO | Hot Stocks08:07 EDT NetApp, Cisco expand partnership with new FlexPod XCS for hybrid cloud usage - NetApp (NTAP) together with Cisco (CSCO) announced the evolution of FlexPod with the introduction of FlexPod XCS, providing one automated platform for modern applications, data and hybrid cloud services. FlexPod is composed of pre-validated storage, networking, server technologies from Cisco and NetApp. The new FlexPod XCS platform is designed to accelerate the delivery of modern applications and data in a hybrid cloud environment. FlexPod XCS is the first and only hybrid cloud solution natively integrated across all three major public cloud providers. Additionally, organizations will have the option to use FlexPod-as-a-Service, a pay-as-you-grow pricing model for financial and operational flexibility. "For years, FlexPod has been helping Presidio customers increase app performance, save software Capex, an decrease unplanned downtime incidents," said Raphael Meyerowitz, vice president, Engineering at Presidio. "With FlexPod XCS, NetApp and Cisco are providing more flexibility, accessibility and scalability to our customers to deliver a seamless hybrid cloud experience." "It is great seeing Cisco and NetApp launching FlexPod XCS together in this hybrid cloud era," said Jeffrey den Oudsten, Chief Technology Officer at Conscia Netherlands. "Standardization on FlexPod XCS brings rich technologies and huge benefits for us and our customers in various ways, with ability to deliver one point for billing, ordering, support and validated designs. Conscia is determined to facilitate the best hybrid cloud infrastructure for its customers, and together with Cisco and NetApp, we have the best-in-class technology partners helping us to deliver on that promise." FlexPod XCS simplifies hybrid cloud operations by increasing accessibility and scalability, extending the infrastructure from an on-premises and edge standard to the hybrid cloud. This new offering lays the groundwork for continued joint innovation that will bring new solutions to market for hybrid cloud, containers, and modern workloads.
|
NTAP CSCO | Hot Stocks08:07 EDT NetApp, Cisco expand partnership with new FlexPod XCS for hybrid cloud usage - NetApp (NTAP) together with Cisco (CSCO) announced the evolution of FlexPod with the introduction of FlexPod XCS, providing one automated platform for modern applications, data and hybrid cloud services. FlexPod is composed of pre-validated storage, networking, server technologies from Cisco and NetApp. The new FlexPod XCS platform is designed to accelerate the delivery of modern applications and data in a hybrid cloud environment. FlexPod XCS is the first and only hybrid cloud solution natively integrated across all three major public cloud providers. Additionally, organizations will have the option to use FlexPod-as-a-Service, a pay-as-you-grow pricing model for financial and operational flexibility. "For years, FlexPod has been helping Presidio customers increase app performance, save software Capex, an decrease unplanned downtime incidents," said Raphael Meyerowitz, vice president, Engineering at Presidio. "With FlexPod XCS, NetApp and Cisco are providing more flexibility, accessibility and scalability to our customers to deliver a seamless hybrid cloud experience." "It is great seeing Cisco and NetApp launching FlexPod XCS together in this hybrid cloud era," said Jeffrey den Oudsten, Chief Technology Officer at Conscia Netherlands. "Standardization on FlexPod XCS brings rich technologies and huge benefits for us and our customers in various ways, with ability to deliver one point for billing, ordering, support and validated designs. Conscia is determined to facilitate the best hybrid cloud infrastructure for its customers, and together with Cisco and NetApp, we have the best-in-class technology partners helping us to deliver on that promise." FlexPod XCS simplifies hybrid cloud operations by increasing accessibility and scalability, extending the infrastructure from an on-premises and edge standard to the hybrid cloud. This new offering lays the groundwork for continued joint innovation that will bring new solutions to market for hybrid cloud, containers, and modern workloads.
|
SMFR | Hot Stocks08:07 EDT Sema4 Holdings announces nationwide expansion of disparity study - Sema4 announced the nationwide expansion of its disparities in cancer care study. The study, launched in 2021, enables access to comprehensive genetic and genomic testing for advanced cancer patients in underserved communities. It will also create one of the most diverse clinical-genomic datasets to help resolve racial, ethnic, and socioeconomic disparities in clinical trials, research, and therapeutics. William Oh, MD, Chief Medical Science Officer at Sema4, will discuss the study at the Community Oncology Alliance's upcoming conference in Florida on March 18th. The REsearch to advance PREciSion medicine and health Equity in oNcology Treatment study, which is already enrolling patients at five locations across two sites, will run nationally in collaboration with community oncologists caring for patients with advanced cancer in diverse and traditionally understudied and underserved populations. Disparities in healthcare access and a lack of diversity in clinical trials have led to significant disparities in the standard of oncology care. For example, Black and African American individuals have higher mortality rates than all other racial and ethnic groups for many cancer types. Sema4's study aims to better understand the factors contributing to cancer care disparities in underserved populations, including socioeconomic and genetic considerations, by creating a diverse and comprehensive patient registry and biobank. REPRESENT is a prospective observational study that will enroll up to 5,000 advanced-stage cancer patients. Two sites are currently operating in North and South Carolina, with 226 patients enrolled, and nine other sites are in discussion. As part of the study's criteria, at least 30% of enrolled patients at each site must be part of an underserved minority community. Data and samples gathered from consenting patients will be used to establish a clinical-genomic patient registry and biobank. Registries are used to collect standardized patient information. Similarly, biobanks, which are essential resources in the development of targeted therapies in oncology, contain clinical data, biological specimens, and additional associated information for future use in research and clinical testing.
|
METX | Hot Stocks08:07 EDT Meten Holding enters cooperation agreement with Global Blockchain - Meten Holding entered into a strategic cooperation agreement with Global Blockchain, a digital currency company engaging in digital currency mining, investment, construction, and operation of digital currency mining farms and other business, for the purpose of sharing resources and exploring market opportunities in the blockchain and digital currency industries. Both parties expect to establish a long-term information communication mechanism to conduct industry research and share research results. Additionally, Global Blockchain has agreed to supply digital currency mining rig storage units that have been put in operation by the company. Meten Holding has agreed to take part in the construction, operations, and other businesses of digital currency mining farms together with Global Blockchain. Both parties also intend to invest in the construction of a digital currency mining farm in the U.S. with expected capacity of 5 to 10 MW.
|
HOWL | Hot Stocks08:06 EDT Werewolf Therapeutics announces publication of data on WTX-124 - Werewolf Therapeutics announced the publication in Cancer Immunology Research of preclinical data for its lead molecule WTX-124, a systemically delivered Interleukin-2 INDUKINE molecule. The article, entitled "Discovery of a Conditionally Activated Interleukin-2 that Promotes Anti-tumor Immunity and Induces Tumor Regression," includes preclinical data that demonstrate the efficacy of the design of WTX-124 in delivering IL-2 selectively to the tumor microenvironment where it stimulates a potent anti-tumor immune response. "IL-2 is a cytokine that has delivered lasting therapeutic benefit through activation of anti-tumor immunity. To date, the clinical utility of systemically delivered recombinant human IL-2 has been hindered by serious side effects in normal tissues and poor pharmaceutical properties, including a short circulating half-life, which limits the ability to reach efficacious exposures in tumors," said Cynthia Seidel-Dugan, Ph.D., Chief Scientific Officer of Werewolf and one of the article's authors. "Our published preclinical data show that WTX-124 has an improved therapeutic window compared to recombinant human IL-2 in mouse models and the potential to minimize the toxicity associated with systemic IL-2 administration." Other key findings and data outlined in the article include: WTX-124 treatment triggers the infiltration and activation of T cells and natural killer cells in tumors and markedly shifts the immune activation profile of the tumor microenvironment; WTX-124 treatment of tumor-bearing mice results in immunological memory; WTX-124 has an improved therapeutic window compared to recombinant human IL-2 in the mouse; WTX-124 is stable in human serum and is processed by the majority of primary human tumor specimens tested. The Company expects to file an Investigational New Drug Application for WTX-124 in the first half of 2022.
|
VMW GOOG | Hot Stocks08:04 EDT VMware expands partnership with Google Cloud - VMware (VMW) and Google (GOOG) Cloud announced an expanded partnership to help customers accelerate app modernization and cloud transformation. Customers will now be able to use the VMware Cloud Universal program to take advantage of Google Cloud VMware Engine. Google Cloud VMware Engine enables customers to migrate VMware applications to the cloud without changes to applications, tools, or processes. The VMware Cloud Verified and native Google Cloud service provides enterprise-ready cloud infrastructure for business-critical vSphere workloads. Once in the cloud, customers can immediately begin creating hybrid applications.
|
ARKO | Hot Stocks08:04 EDT Arko Corp.'s GPM appoints Ruth Ann Lilly as SVP, marketing, merchandising - GPM Investments announced its promotion of Ruth Ann Lilly to Senior Vice President of Marketing and Merchandising. Lilly is a seasoned executive with 31 years' experience in the convenience store industry. She joined GPM in 2017 as Senior Category Manager of tobacco.
|
OSPN | Hot Stocks08:04 EDT OneSpan appoints Eric Hanson as chief marketing officer - OneSpan announced that Eric Hanson has joined the company as chief marketing officer, reporting to Matthew Moynahan, president and CEO. Hanson combines more than 30 years of experience across roles in marketing, sales, and product, helping organizations drive transformation, build market momentum, and grow industry recognition. Most recently Hanson served as the chief marketing officer at Fuze where he was responsible for setting the company's global marketing strategy and leading demand generation, brand, product and customer marketing.
|
SOTK | Hot Stocks08:03 EDT Sono-Tek expects to achieve record revenue growth for FY23 - Based on current backlog, shipments, and proposal activity, Sono-Tek expects to report a greater than 15% increase in revenue for the first quarter of FY2023, ending May 31, 2022, when compared to the first quarter of last fiscal year. Management does not typically forecast results for the full fiscal year at this time, but the strong FY2022 year-end backlog supports the projection that Sono-Tek will again achieve record revenue growth for FY2023, ending February 28, 2023.
|
LLY | Hot Stocks08:03 EDT Jardiance phase III EMPA-KIDNEY trial will stop early - The EMPA-KIDNEY trial, evaluating the effect of Jardiance in adults with chronic kidney disease, will stop early based on a recommendation from the trial's Independent Data Monitoring Committee. This follows a formal interim assessment that met prespecified criteria for positive efficacy, announced the Medical Research Council Population Health Research Unit at the University of Oxford, Boehringer Ingelheim and Eli Lilly and Company.
|
SBUX | Hot Stocks08:02 EDT Starbucks board forms working commitee to oversee CEO search process
|
SBUX | Hot Stocks08:02 EDT Starbucks board engaged in 'continuous' CEO planning
|
SBUX | Hot Stocks08:02 EDT Starbucks sees selecting permanent CEO by the fall
|
SBUX | Hot Stocks08:02 EDT Starbucks CEO Kevin Johnson to retire, Howard Schultz named interim CEO - Starbucks Corporation announced that Kevin Johnson, president and CEO, intends to retire after a 13-year tenure at the company, including the last five years as CEO. Johnson will transition from his current role on April 4, 2022, and will continue to serve as a Starbucks partner and special consultant to the company and Board of Directors through September. The Starbucks Board of Directors has been engaged in continuous CEO succession planning, assisted by Russell Reynolds Associates since 2021, and anticipates selecting a new leader by the Fall. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Howard Schultz as interim CEO, effective April 4, 2022. Schultz will also rejoin the company's Board of Directors. "On behalf of the entire Board, I want to express our sincerest thanks to Kevin for his leadership of Starbucks. Kevin and the entire executive team stepped up to the challenge of the pandemic and navigated one of the most difficult periods in modern history. The economic certainty provided to partners during the early months of the COVID shut down, as well as during mandatory quarantines, underscores our core values and will be an enduring legacy for the company. During Kevin's tenure, Starbucks scaled an industry leading digital offering spanning nearly 45 million Starbucks Rewards members in the U.S. and China," said Mellody Hobson, Independent Starbucks Board of Directors chair. The Board of Directors has formed a working committee to oversee the CEO search process which is ongoing.
|
SBUX | Hot Stocks08:01 EDT Starbucks CEO Kevin Johnson to retire, Howard Schultz named interim CEO
|
CNF | Hot Stocks07:54 EDT CNFinance authorizes share repurchsae program of up to $20M - CNFinance has authorized a share repurchase program under which the company may repurchase up to $20M of its ADSs for the next 12 months. CNFinance plans to fund repurchases from its existing cash balance.
|
NLSP | Hot Stocks07:50 EDT NLS Pharmaceutics announces interim top-line data for Quilience - NLS Pharmaceutics announces interim top-line data from its Phase 2a clinical trial evaluating its lead product candidate, Quilience, in the treatment of narcolepsy. The data are being presented and discussed today during a symposium sponsored by NLS at the World Sleep Congress, being held in Rome, Italy. Of the 60 patients targeted for full enrollment in the U.S. Phase 2a trial, 27 were randomized and completed the study for the interim analysis. The interim analysis database included 13 patients on treatment and 14 patients on placebo, with balanced mean baseline Epworth Sleepiness Scale scores. All patients enrolled in the interim analysis were utilizing combination therapy before the trial's wash out period, with the majority of participants on stimulant or wake-promoting agents to treat their excessive daytime sleepiness. Approximately one-third of patients enrolled in the interim analysis were diagnosed with narcolepsy type 1 and suffer from both EDS and cataplexy symptoms. Eligible NT1 patients must have moderate to severe disease according to the study protocol - defined as having more than 3-4 cataplexy attacks per week. Study participants on treatment are required to undergo a 1-2-week wash out period. After the wash out period, participants are randomized to receive either once-daily treatment with Mazindol ER 2mg for week 1 and 3mg for weeks 2-4, or placebo for 4 weeks. For EDS, the trial's primary endpoint, patients on Mazindol ER exhibited a mean decrease of 7.3 points on the ESS compared to a 3.0 point decrease for patients on placebo. Patients on Mazindol ER showed a mean 39% improvement on ESS from baseline. The placebo-adjusted reduction of 4.3 points is deemed to be clinically meaningful and is competitive compared to current narcolepsy treatments, despite the short duration and relatively small number of patients in the interim analysis. These interim results confirm the statistical power of the ongoing Phase 2a trial, which will continue as planned. To date, Mazindol ER was generally safe and well-tolerated in the current Phase 2a trial, and the interim data are consistent with prior mazindol studies, including the Company's clinical trials evaluating treatment of attention deficit hyperactive disorder. No patients dropped out of the study due to safety or efficacy concerns, and only one patient in the interim analysis discontinued the study for personal reasons. This compares favorably to other clinical trials for narcolepsy treatments, for which study discontinuation rates can be as high as 15% or more for efficacy and safety reasons. No serious adverse events were reported in the interim analysis and all reported adverse events were mild or moderate and resolved immediately with no intervention required. Study NLS-1022 enables patients completing the randomized controlled trial to access treatment with Mazindol ER without any background stimulant and/or anti-cataplexy treatment for up to 6 months. As of the data collection date for the Phase 2a interim analysis, 82% of patients who completed the randomized controlled study elected to participate in the OLE study. A majority of those patients remain in the OLE study and on treatment with Mazindol ER, including participants suffering from NT1, with one patient on single agent therapy for over 3 months.
|
FLYLF | Hot Stocks07:47 EDT Flyht Aerospace, Swoop partner to reduce emissions - FLYHT Aerospace Solutions announced that FLYHT is partnering with Swoop Airlines to reduce emissions by eliminating non-essential Auxiliary Power Unit usage. The program is partially funded through a grant of $150,000 from the Alberta Innovates Product Demonstration Program. The company said, "The FLYHT real-time APU monitoring and notification program allows an airline to reduce its APU run times by providing timely, targeted and actionable notifications, thereby reducing CO2 emissions and providing cost savings for the airline. This initiative is aligned with FLYHT's goal of providing environmentally beneficial solutions that enhance the profit potential for an airline and that create a greener, safer world. The APU consumes approximately 250 lbs of fuel per hour under normal operation."
|
ACIU | Hot Stocks07:44 EDT AC Immune reports first live images of a-syn in human brain - AC Immune announced the first non-invasive images of pathological alpha-synuclein in human brain and presented positive clinical proof-of-concept data for an a-syn positron emission tomography tracer as an imaging agent to identify MSA patients. Prof. Andrea Pfeifer, CEO of AC Immune SA, commented: "This first clinical validation for an a-syn PET tracer is a transformative step towards achieving our vision for developing precision medicines to treat neurodegenerative diseases. It was made possible by the close collaboration between AC Immune, Skundefinedne University Hospital, Lund University, and the MJFF. We look forward to continuing the collaboration to expand on these results in MSA and in other a-syn indications, such as Parkinson's disease." The data will be presented in more detail on Friday in two presentations at the peer-reviewed scientific conference. Derived from AC Immune's Morphomer technology platform, ACI-12589 showed target engagement in vivo in alpha-synucleinopathies with a pharmacokinetic and safety profile suitable for further development as a human brain PET imaging agent. The trial showed that non-invasive PET brain imaging with ACI-12589 successfully differentiated MSA from other types of a-synucleinopathies, like Parkinson's disease and Lewy Body Dementia, as well as from healthy volunteers.
|
MCG | Hot Stocks07:43 EDT Membership Collective Group announces CFO Humera Afzal leaving in June - Membership Collective Group announced that Chief Financial Officer Humera Afzal is leaving her position in June due to factors outside the company.
|
MCG | Hot Stocks07:42 EDT Membership Collective says it is confident in revenue recovery - The company said, "We remain confident about the overall recovery of our MCG Group revenues given the positive momentum of Q4'21 carrying through into Q1'22. Our February 2022 revenues in our UK and US Houses and Restaurants, performed 15% and 3% above the comparative 2019 pre-pandemic levels, respectively. Total MCG membership increased by a further 6% in the first two months of the current quarter. Together with our high level of member retention, record waitlist numbers and growth from new Houses, membership continues to be a very valuable recurring revenue stream. We have accelerated our pipeline for site openings in 2022 to nine Soho Houses covering four new Countries. In the first quarter of 2022 we will have opened two new Soho Houses in Nashville and Brighton. This will be followed in April by Holloway House in West Hollywood. From fiscal 2023 onwards, we now aim to open 8-10 new Soho Houses per annum. With the increased Houses in our pipeline combined with the unprecedented demand for our memberships we feel confident in exceeding our membership goals this year. We remain cautious about the emergence of any future COVID-19 variants, along with continued inflationary pressures, particularly in energy supply. However, we have several cost control programs in progress to counter some of these pressures. Notwithstanding these headwinds we expect to deliver sustained margin growth within the short term and beyond."
|
VHIBF | Hot Stocks07:41 EDT Vitalhub expands licensing deal with Liverpool Heart, Chest Hospital NHS - VitalHub announces an expansion licensing agreement of subsidiary Intouch with Health's patient flow solutions with Liverpool Heart and Chest Hospital NHS Foundation Trust. This contract expands upon the Company's existing relationship with Poole Hospital, and marks the 8th Intouch with Health contract announced this quarter. Liverpool Heart and Chest Hospital NHS Foundation Trust has licensed a suite of Intouch's patient flow solutions, including the Check-in, Calling, Flow Manager, Mobile, and HL7 Channels software solutions. This licensing agreement is comprised solely of software products, and has an expected deployment time of twelve-weeks. "We are delighted to build upon our existing relationship with Poole Hospital, expanding across the Liverpool Heart and Chest Hospital NHS Trust," said Dan Matlow, CEO of VitalHub Corp. "As the 8th Intouch sale announced this quarter, we continue to reinforce our market leadership and penetration across the UK healthcare landscape. With organic growth forming an important part of our overall expansion strategy, we are pleased by our team's continued progress and execution."
|
SONN | Hot Stocks07:41 EDT Sonnet BioTherapeutics announces FDA clearance of IND for SON-1010 - Sonnet BioTherapeutics announced that the U.S. Food and Drug Administration has cleared the Company's Investigational New Drug application for SON-1010, a proprietary version of Interleukin 12 configured using Sonnet's Fully Human Albumin Binding technology. This will allow Sonnet to initiate its First-in-Human Phase 1 trial in adult oncology patients in the second quarter of 2022. The planned Phase 1 trial will be a multiple ascending dose study designed to evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamics of SON-1010 in adult patients with advanced solid tumors. The study, utilizing a standard 3+3 oncology design in at least 5 cohorts, will establish the maximum tolerated dose and recommended Phase 2 dose using monthly subcutaneous injections of SON-1010. The primary endpoint will assess the safety and tolerability of SON-1010, with key secondary endpoints planned to measure PK, PD, immunogenicity, and anti-tumor activity.
|
PRLD | Hot Stocks07:40 EDT Prelude Therapeutics expects cash to fund operations into 2H24 - Cash and cash equivalents as of December 31, 2021 were $291.2 million. Following Prelude's recently announced program prioritization initiatives, the Company has extended its cash guidance and anticipates that its existing cash, cash equivalents and marketable securities will fund Prelude's operations into the second half of 2024.
|
NCNO | Hot Stocks07:39 EDT nCino announces HVB live on nCino's Bank Operating System - nCino announced that Huntingdon Valley Bank, HVB, is live on nCino's Commercial Pricing and Profitability on the nCino Bank Operating System. "Powered by nCino IQ, nCino's Commercial Pricing and Profitability solution provides increased efficiency, transparency and real-time data insights for the institution's business banking and commercial lending divisions," the company said. "Providing financial institutions with solutions that can connect data and intelligence seamlessly to align strategy with execution is essential to transforming our customers' ability to provide a premier experience for their clients. HVB has embraced our single platform infrastructure for quite some time, and this is just the next step on their digital transformation journey," said Will Cameron, Senior Vice President of Community and Regional Banking at nCino. "We're excited for our continued partnership with HVB and providing them a single platform that can capture deeper customer insights to provide better decisions for their clients."
|
PRLD | Hot Stocks07:39 EDT Prelude Therapeutics announces program highlights, 2022 objectives - PRMT5: Prelude is prioritizing PRT811 for continued clinical development focusing on splicing mutated myeloid malignancies and solid tumors, including uveal melanoma, and IDH1 mutated high grade gliomas. Prelude intends to complete the data analyses of the ongoing expansion cohorts for PRT543, including adenoid cystic carcinoma. Prelude expects to report data for the PRMT5 program in 2H/2022. MCL1: Prelude is prioritizing development of the intravenous formulation of PRT1419 which demonstrated a desirable pharmacokinetic, pharmacodynamic and safety profile with potential for differentiation from competitor compounds. Prelude plans to initiate a combination trial with venetoclax by mid-year and report data by year-end 2022. CKD9: Prelude intends to complete enrollment in the Phase 1 dose escalation study and identify a recommended Phase 2 dose by 2H/2022. CDK4/6: Prelude intends to file an Investigational New Drug application mid-year and initiate a Phase 1 trial in 2H/2022. SMARCA2/BRM: Prelude plans to complete IND-enabling studies and submit an IND application by year-end 2022.
|
LE | Hot Stocks07:39 EDT Land's End drops 10% to $14.25 after Q4 results, FY22 guidance miss estimates
|
OCUP | Hot Stocks07:37 EDT Ocuphire Pharma completes enrollment of over 100 subjects for trial of APX3330 - Ocuphire Pharma announced that it has completed enrollment of 103 diabetic patients with moderately severe-to-severe non-proliferative diabetic retinopathy, NPDR, or mild proliferative diabetic retinopathy, mild PR, in ZETA-1, a Phase 2b trial evaluating the efficacy and safety of APX3330 for the treatment of diabetic retinopathy, DR, at 25 investigational sites across the U.S. in less than a year. The ZETA-1 trial is a multi-center, randomized, placebo-controlled, double-masked Phase 2b trial designed to evaluate the safety and efficacy of APX3330 in DR. A total of 103 subjects with moderately severe-to-severe NPDR or mild PDR with a Diabetic Retinopathy Severity Scale, DRSS, score between 47 and 61 have been enrolled. Subjects are randomized to receive 600mg APX3300 or placebo daily over 24 weeks. The primary endpoint is a responder analysis that evaluates the percentage of subjects with a greater than or equal to 2 step improvement on the DRSS score. If patients who are enrolled also have DME in their non-study eye, this eye will also be followed during the trial for potential improvement. Secondary endpoints include evaluation of central subfield thickness to assess effects on diabetic macular edema, BCVA, safety, and tolerability. Mina Sooch, MBA, CEO and Founder, Ocuphire Pharma commented, "Completion of enrollment in ZETA-1 in under a year is impressive relative to competitive DR trials over the last few years. In addition, this trial marks the completion of enrollment of four late-stage clinical trials in the first few months of 2022. We are very pleased to have exceeded enrollment with more than 100 DR patients in ZETA-1 Phase 2b trial and we look forward to the 24-week primary endpoint data in the second half of 2022. The team at Ocuphire is excited to be advancing APX3330 as the first small molecule, dual action, oral treatment option with the potential to address the high unmet need for early intervention for progressive vision-threatening diabetic eye disease."
|
KMPH | Hot Stocks07:34 EDT KemPharm earns $1.975M fee from Corium following FDA approval of ADLARITY - KemPharm announced that the Company has earned a $1.975M fee from Corium, a portfolio company of Gurnet Point Capital, following the approval of Corium's product ADLARITY by the U.S. Food and Drug Administration, FDA, on March 11, 2022. ADLARITY is an innovative new treatment option for patients with mild, moderate, or severe dementia of the Alzheimer's type. KemPharm is due to receive the fee, within thirty calendar days following FDA approval of ADLARITY, pursuant to a master development services agreement entered into with Corium in July 2020, under which KemPharm provided development and regulatory assistance related to Corium's resubmission of its New Drug Application for ADLARITY. "We are pleased to have been able to assist Corium in obtaining FDA approval of ADLARITY, and we congratulate them on this significant achievement," said Travis Mickle, Ph.D., President and CEO of KemPharm. "Looking forward, we expect to file our IND for KP1077 in the second quarter of this year as we continue to pursue our strategy of building a growing pipeline of product candidates for the treatment of sleep disorders and other orphan/rare diseases in CNS-related therapeutic areas."
|
VTRS AZN | Hot Stocks07:33 EDT Viatris' ANDA for generic version of AstraZeneca's Symbicort approved by FDA - Viatris (VTRS) and Kindeva Drug Delivery announced that Viatris subsidiary Mylan Pharmaceuticals has received approval from the FDA for its Abbreviated New Drug Application - ANDA - for Breyna, the first approved generic version of AstraZeneca's (AZN) Symbicort. Breyna, a drug-device combination product, is indicated for certain patients with asthma or chronic obstructive pulmonary disease and will be available in 160 mcg/4.5 mcg and 80 mcg/4.5 mcg dosage strengths. This approval presents an opportunity for Viatris to launch Breyna in 2022 as the upcoming court proceedings develop. In December 2021, the U.S. Court of Appeals for the Federal Circuit reversed the infringement judgment against Viatris and ordered the case remanded back to the U.S. District Court for the Northern District of West Virginia for further proceedings.
|
VGFC | Hot Stocks07:33 EDT The Very Good Food Company lowering production, headcount - The Very Good Food Company announced that the company is temporarily lowering production throughput and headcount to manage inventory levels, and implementing initiatives such as pausing non-critical capital expenditures and lowering SG&A spending, to manage both short and long-term liquidity and to establish a path towards profitability. "As a result of the supply chain environment, we undertook certain stock safety measures to protect against stock outages," stated Mitchell Scott, CEO, and founder of VERY GOOD. "This, in conjunction with retailer reset timing delays, has resulted in inventory being at levels that require us to lower production at some of our locations. This decision was made after a long and careful review of our options and will impact some of our production team members. We are thankful for their contributions. VERY GOOD is taking this opportunity to implement additional cost improvement measures as it transitions from a focus on top line growth, to a focus of balancing top line growth and profitability. As part of this shift, VERY GOOD expects to further right-size its workforce across multiple business functions as it streamlines operations. VERY GOOD is currently reviewing its 'go-to market' channels. Digital marketing costs to acquire new customers have increased over the past year, largely related to structural changes of the largest digital and social platforms. This challenge has required us to review our online strategy and marketing expenditures to optimize our return on investment. As such, we expect our growth will slow down in the near-term in this channel. VERY GOOD will continue to focus on the wholesale and food service channels, particularly in the US, which the company views as critical to realizing its vision to scale. VERY GOOD experienced a greater than expected cash burn in the last several months as the company scaled its operations to meet its growth targets, which has reduced its cash position and has strained its short-term liquidity. The initiatives VERY GOOD is implementing, including pausing non-critical capex and significantly lowering SG&A spending, will allow the Company to manage both short-term and long-term liquidity and increase its cash runway. Management will continue to evaluate ways to increase its cash position and/or seek additional financings with as little dilution as possible. We thank our team members for their focus and dedication throughout this process."
|
BIIB | Hot Stocks07:33 EDT Biogen announces long-term phase 3 data on ADUHELM - Biogen announced new data showing that after nearly two and a half years of treatment with ADUHELM injection 100 mg/mL for intravenous use, patients in the long-term extension phase of the Phase 3 trials continued to experience significant reductions in two key Alzheimer's disease pathologies, amyloid beta plaques and plasma p-tau181. The data also show that in both Phase 3 trials, at 78 weeks, patients with reduced levels of plasma p-tau181 had less clinical decline than those whose plasma p-tau181 levels were not reduced. Data from the long-term extension study showed that ADUHELM significantly reduced amyloid beta plaque levels out to Week 132. The data also showed that ADUHELM continued to decrease plasma p-tau181 levels at 128 weeks. Patients with more effective amyloid beta clearance also had greater decreases in p-tau181 at week 128. These findings point to the potential of continued benefit of treatment in the longer term with continued reduction of amyloid beta plaques. Data showed that patients with a reduction in plasma p-tau181, an exploratory endpoint, had less clinical progression across all four clinical endpoints measuring cognition and function in both Phase 3 trials at Week 78. In the placebo-controlled period of the Phase 3 trials, the incidence of ARIA-E in the 10 mg/kg group was 35.2%. The incidence was higher among APOE 4 carriers than non-carriers. While the majority of ARIA is asymptomatic, serious symptoms in the setting of ARIA can occur 0.3% of participants in the 10 mg/kg group of the Phase 3 trials. Most events of ARIA-E resolved on study, with the majority resolving within 12-16 weeks.
|
TLS | Hot Stocks07:29 EDT Telos to delay filing of annual report on Form 10-K - The Company will not file its Annual Report on Form 10-K on March 16, 2022, as previously expected and as reported on its recently-filed Form 12b-25. The principal reasons for the delay in completing our year-end closing and financial reporting process are primarily due to delays in completing our assessment of the effectiveness of our internal control over financial reporting. As a result of the foregoing, the Company's independent registered public accounting firm has not yet completed its audits of the Company's financial statements and internal control over financial reporting as of December 31, 2021.
|
AMG | Hot Stocks07:22 EDT Affiliated Managers to sell minority interest in BPEA to EQT AB - Affiliated Managers Group announced that, as part of the announced combination of Baring Private Equity Asia, or "BPEA," with EQT AB, AMG entered into an agreement to sell its minority interest in BPEA to EQT. Pursuant to the terms of the agreement, AMG will receive total consideration of $1.1B, based on the EQT closing share price on March 15, including $240M in cash and 28.68M EQT ordinary shares; AMG will retain future carry in certain existing funds. AMG acquired its 15% interest in BPEA for $187.5M in 2016, and expects BPEA to contribute approximately $35M in EBITDA in 2022. The transaction is expected to close in the fourth quarter of 2022, subject to customary closing conditions. Following the closing, AMG expects to use approximately 40% of its gross proceeds to pay taxes and repay debt, and to deploy the remaining 60% across a combination of growth investments and share repurchases over time. "We are so pleased to have partnered with Jean Salata and the BPEA team during a transformative period for the firm, and to have supported BPEA in accomplishing its strategic objectives. AMG's alignment with the partners of BPEA, through our minority interest in the business, has resulted in a successful outcome for all stakeholders as Jean and his partners begin the next chapter of BPEA's development through a strategic combination with EQT," said Jay Horgen, President and CEO of AMG.
|
AFYA | Hot Stocks07:22 EDT Afya receives medical school authorizations - Afya announced that the Secretary of Regulation and Supervision of Higher Education of the Ministry of Education, or MEC, authorized the operations of the medical schools in Braganca, in the State of Para, and Manacapuru, in the State of Amazonas, both under Mais Medicos II program. Afya reaches its fifth and sixth authorized schools operating under the Mais Medicos II program with the authorizations. Each medical school will contribute with 50 seats and with that, Afya will reach 2.681 operating seats out of 2.731 approved seats.
|
AMG EQT | Hot Stocks07:22 EDT Correction: Affiliated Managers to sell minority interest in BPEA to EQT AB - Affiliated Managers Group (AMG) announced that, as part of the announced combination of Baring Private Equity Asia, or "BPEA," with EQT AB, AMG entered into an agreement to sell its minority interest in BPEA to EQT. This note corrects a prior version that had tagged the news as related to EQT Corporation (EQT), which it is not.
|
AIM | Hot Stocks07:22 EDT AIM ImmunoTech receives IND clearance to advance Phase 2 study of Ampligen - AIM ImmunoTech announced it has received notification from the U.S. Food and Drug Administration, FDA, that the FDA's Clinical Hold on AIM's investigational new drug, IND, application for a Phase 2 study of Ampligen as a therapy for locally advanced pancreatic cancer, APM-270, has been lifted and the Company may proceed with the study. "Based on the data we've seen to date, we believe Ampligen has the potential to offer an important treatment option to patients living with pancreatic cancer. This is a significant milestone for the Company and further positive Phase 2 confirmation of these results would demonstrate the potential of Ampligen as an effective therapy option. We are incredibly pleased and grateful to the FDA for its authorization, which enables us to proceed with further clinical evaluation. Our team is focused on commencing our Phase 2 study which we believe brings us another step closer to providing a potentially effective therapy after systemic chemotherapy in patients with advanced pancreatic cancer," commented Thomas Equels, Chief Executive Officer of AIM. The AMP-270 clinical trial is planned to be a randomized, open-label, controlled, parallel-arm study with the primary objective of comparing the efficacy of Ampligen versus a no treatment control group following FOLFIRINOX for subjects with locally advanced pancreatic adenocarcinoma. Secondary objectives include comparing safety and tolerability.
|
AFYA | Hot Stocks07:22 EDT Afya receives medial school authorizations - Afya announced that the Secretary of Regulation and Supervision of Higher Education of the Ministry of Education, or MEC, authorized the operations of the medical schools in Braganca, in the State of Para, and Manacapuru, in the State of Amazonas, both under Mais Medicos II program. Afya reaches its fifth and sixth authorized schools operating under the Mais Medicos II program with the authorizations. Each medical school will contribute with 50 seats and with that, Afya will reach 2.681 operating seats out of 2.731 approved seats.
|
SVAUF | Hot Stocks07:21 EDT StorageVault Canada announces normal course issuer bids - STORAGEVAULT CANADA is pleased to announce that it has received conditional acceptance from the Toronto Stock Exchange to conduct a Normal Course Issuer Bid to purchase for cancellation, during the 12-month period starting March 18, 2022: up to 18,931,054 of the outstanding common shares of the Corporation, representing 5% of the 378,621,086 Common Shares outstanding; outstanding 5.75% senior unsecured hybrid debentures of the Corporation issued in July 2020 and due on January 31, 2026 in the aggregate principal amount of $3,750,000, representing 5% of the currently outstanding $75,000,000 aggregate principal amount of 2020 Debentures; and outstanding 5.50% senior unsecured hybrid debentures of the Corporation issued in July 2021 and due on September 30, 2026 in the aggregate principal amount of $2,875,000, representing 5% of the currently outstanding $57,500,000 aggregate principal amount of 2021 Debentures. Each NCIB will end on March 17, 2023, unless the maximum amount of Common Shares or Debentures, as applicable, is purchased before then or StorageVault provides earlier notice of termination. StorageVault will not acquire through the facilities of the TSX more than 62,807 Common Shares, $11,700 aggregate principal amount of 2020 Debentures or $20,400 aggregate principal amount 2021 Debentures, during a trading day, being 25% of the average daily trading volume of the Common Shares (251,231), 2020 Debentures ($46,800) and 2021 Debentures ($81,600), respectively, on the TSX from January 26, 2022 until February 28, 2022, subject to certain prescribed exceptions. The stock symbol on the TSX for the Common Shares, 2020 Debentures and 2021 Debentures is SVI, SVI.DB and SVI.DB.B, respectively. The purchase and payment for the Common Shares and Debentures will be made by StorageVault through the facilities of the TSX or alternative trading systems. National Bank Financial Inc. has been selected as StorageVault's agent for the NCIB. The price paid for the Common Shares or Debentures, as applicable, will be, subject to NCIB pricing rules contained in securities laws, the prevailing market price of such Common Shares or Debentures, as applicable, on the TSX at the time of such purchase. StorageVault intends to fund the purchases out of available cash. StorageVault believes that the market price of its Common Shares and Debentures may not reflect their underlying value and the Board of Directors has authorized this initiative because, in the Board's opinion, the proposed purchase of Common Shares and Debentures pursuant to the NCIB constitutes an appropriate use of StorageVault's funds, and the repurchase of its Common Shares and Debentures is one way of creating securityholder value. To the knowledge of StorageVault, no director, senior officer or other insider of StorageVault currently intends to sell any Common Shares or Debentures under the NCIB. However, sales by such persons through the facilities of the TSX may occur if the personal circumstances of any such person changes or any such person makes a decision unrelated to these NCIB purchases. The benefits to any such person whose Common Shares or Debentures are purchased would be the same as the benefits available to all other holders whose Common Shares or Debentures are purchased. StorageVault conducted a previous NCIB for up to 18,312,741 Common Shares and $3,750,000 2020 Debentures through the facilities of the TSX Venture Exchange, which NCIB ended on January 24, 2022. Pursuant to the previous Common Share NCIB, StorageVault purchased an aggregate of 875,615 Common Shares, at a volume weighted average price of $5.11 per Common Share, and no 2020 Debentures were purchased.
|
EEFT | Hot Stocks07:19 EDT Euronet completes purchase of PBMA business of Piraeus Bank in Greece - Euronet Worldwide announced the completion of the purchase of the Piraeus Bank Merchant Acquiring, PBMA, business of Piraeus Bank in Greece. Euronet's completed purchase of PBMA's acquiring services and assets includes approximately 205,000 POS terminals at 170,000 merchants throughout Greece as well as the Bank's online merchant acquiring business. The in-store acquiring business represents approximately 20% of Greece's market while PBMA's online merchant acquiring represents approximately 40% of online and digital transactions in the country. The acquisition also includes a separately negotiated agreement for a long-term strategic partnership with the Bank for collaborative product distribution, processing and customer referrals. "The completion of this acquisition is another milestone in the growth of Euronet as a global leader in the payments industry," said Michael Brown, Chairman and CEO of Euronet Worldwide, Inc. "We have increased our footprint in a market where we have a long history of success and deep knowledge of the payments products that are in demand by consumers and businesses. The innovative capabilities of REN are a perfect fit for this environment and we are ready to capitalize on our expanded opportunities in Greece."
|
HHC | Hot Stocks07:19 EDT Howard Hughes appoints Jesse Carrillo as Chief Innovation Officer - Howard Hughes has named Jesse Carrillo the company's Chief Innovation Officer, effective March 16. Carrillo will oversee the strategy and operation of the company's innovation and technology platforms across HHC's national portfolio of large-scale master planned communities and mixed-use properties. Prior to joining HHC, Carrillo served as Chief Information Officer of Hines. He joined the firm in 1994 and served in various technology roles before becoming the company's Chief Technology Officer in 2007 and then its Chief Information Officer in 2009.
|
SUND | Hot Stocks07:19 EDT Sundance Strategies launches pre-marketing campaign for NFT - Sundance Strategies launched the kick-off of a pre-marketing campaign for its recently announced NFT. The company said, "Sundance is an innovative company engaged in acquiring life settlements. Through its proprietary structuring, Sundance delivers an investment-grade rated instrument that has safe, secure, non-correlated assets which fully back its first-of-a-kind NFT giving investors an investment that will not move up and down violently with the wild swings of the markets. Just safe and stable, rated returns. In addition to the upcoming NFT drop, early qualified investors may also be given the opportunity to invest in a convertible debt, which will give these investors a conversion right to the NFT when it drops."
|
CDNA | Hot Stocks07:18 EDT CareDx to hold virtual "Xenotransplantation Innovation Day" - CareDx announced that it will hold a virtual "Xenotransplantation Innovation Day" featuring a leading panel of transplant experts who will share the latest advancements in xenotransplantation after genetically modified pig kidneys and, separately, a pig heart were recently successfully transplanted, two medical firsts. CareDx's "Xenotransplantation Innovation Day" will be held on March 22, 2022 from 9:00am to 10:00am PDT / 12:00noon to 1:00pm EDT. The presentations and panel discussions will be held in a virtual format to enable a wide audience to learn from these experts. The symposium will include an update from the University of Maryland School of Medicine on the world's first successful living pig-to-human heart transplant, an update from NYU Langone Health on the world's first transplant of a gene-edited pig kidney, as well as recent developments of clinical-grade, human-compatible organs, and cells from eGenesis and Miromatrix.
|
APLS | Hot Stocks07:17 EDT Apellis announces long-term data from Phase 3 DERBY, OAKS studies - Apellis Pharmaceuticals announced longer-term data from the Phase 3 DERBY and OAKS studies, which showed that intravitreal pegcetacoplan, an investigational, targeted C3 therapy, continued to reduce geographic atrophy, GA, lesion growth and demonstrate a favorable safety profile at month 18 for the treatment of GA secondary to age-related macular degeneration, AMD. These data will be included in the New Drug Application, NDA, that the company plans to submit to the U.S. Food and Drug Administration, FDA, in the second quarter of 2022. In a longer-term analysis of the primary endpoint, pegcetacoplan continued to reduce GA lesion growth compared to pooled sham at month 18: In OAKS, pegcetacoplan reduced GA lesion growth with both monthly and every-other-month treatment. In DERBY, pegcetacoplan reduced GA lesion growth with both monthly and every-other-month treatment. Pegcetacoplan demonstrated marked improvements in DERBY during months 6-12 with reductions of 17% with monthly and 16% with every-other-month treatment compared to months 0-6, and the treatment effects were sustained through month 18. The treatment effects observed in DERBY were comparable with OAKS during months 6-18. Data at 18 months from the combined studies show the potential for improving treatment effects with pegcetacoplan over time. The reduction in GA lesion growth improved with monthly pegcetacoplan treatment from 13% to 21% from months 0-6 to months 12-18. The reduction in GA lesion growth improved with every-other-month pegcetacoplan treatment from 12% to 17% from months 0-6 to months 12-18. At month 18, pegcetacoplan continued to demonstrate a favorable safety profile, consistent with safety at 12 months and longer-term exposure to intravitreal injections.
|
XERS | Hot Stocks07:16 EDT Xeris Biopharma announces Gvoke Kit available by prescription - Xeris Biopharma announced that Gvoke Kit is now available by prescription. Gvoke Kit contains one single-dose sterile syringe with markings for 0.1 mL and 0.2 mL, and one single-dose vial containing 0.2 mL of solution.
|
PETV | Hot Stocks07:14 EDT PetVivo appoints David Gregory as regional sales manager - PetVivo Holdings announced that David Gregory has accepted a position with the Company as its new Regional Sales Manager for the Midwest Region of the United States. Gregory has served in various roles in farm management, product development, product distribution, technical sales, marketing and supply chain management with companies such as Vescor Veterinary Supply, Midwest Veterinary Supply, DVM Resources, and Novartis Animal Health.
|
OFIX | Hot Stocks07:14 EDT Orthofixs gets FDA clearance, 1st patient cases with TrueLok system - Orthofix Medical announced the U.S. Food and Drug Administration 510k clearance and the first patient cases with the TrueLok EVO Ring Fixation System. Designed for complex limb reconstruction and deformity correction procedures, the TrueLok EVO system is the only circular fixator on the market that features both radiolucent rings and struts to enable clear radiographic visualization. This innovative design allows physicians to better assess bone anatomy both during surgery and post-operative care. The TrueLok EVO system is also the first circular external fixation kit available as a preassembled frame in ready-to-use single use sterile packaging, allowing for ease of application and potential time-saving during surgery, particularly when treating post-traumatic injuries.
|
AMG EQT | Hot Stocks07:13 EDT Affiliated Managers says EQT to acquire minority interest in BPEA for $1.1B - Affiliated Managers Group, Inc. (AMG) announced that, as part of the announced combination of Baring Private Equity Asia with EQT AB (EQT), AMG entered into an agreement to sell its minority interest in BPEA to EQT. The company said, "Founded by Jean Eric Salata in 1997, BPEA is one of the largest independent private equity firms in Asia; its investment platform specializes in growth-oriented investments, sponsoring management buyouts, and providing capital to companies for expansion or acquisitions. Since AMG's minority investment in 2016, BPEA has grown and diversified its business, including through the support of AMG's global distribution and strategic capabilities, and its assets under management have more than tripled. The strategic combination of BPEA and EQT will bring together two leading private markets managers in their respective regions to create a global leader across private equity, infrastructure, and real estate." Pursuant to the terms of the agreement, AMG will receive total consideration of $1.1 billion, based on the EQT closing share price on March 15, 2022, including $240 million in cash and 28.68 million EQT ordinary shares; AMG will retain future carry in certain existing funds. AMG acquired its 15% interest in BPEA for $187.5 million in 2016, and expects BPEA to contribute approximately $35 million in EBITDA in 2022. The transaction is expected to close in the fourth quarter of 2022, subject to customary closing conditions. Following the closing, AMG expects to use approximately 40% of its gross proceeds to pay taxes and repay debt, and to deploy the remaining 60% across a combination of growth investments and share repurchases over time.
|
FOLD | Hot Stocks07:12 EDT Amicus announces long-term data from Phase 1/2 study of AT-GAA - Amicus Therapeutics announced additional positive results from a global Phase 1/2 clinical study, ATB200-02, to investigate AT-GAA in adult patients with Pompe disease, an inherited lysosomal storage disorder caused by an enzyme deficiency that leads to accumulation of glycogen in cells. Study participants treated with AT-GAA for up to 36 months showed persistent and durable effects on six-minute walk test distance and other measures of motor function and muscle strength, stability or increases in forced vital capacity, and reductions in biomarkers of muscle damage and disease substrate. These clinical results are being featured at the 2022 MDA Clinical & Scientific Conference in an oral platform presentation on Wednesday, March 16, 2022. Long-term data from the Phase 3 PROPEL open-label extension study is expected to be presented later this year. ATB200-02 Study Data Highlights in ERT-Experienced and ERT-Naive Patients Out to Month 36, Cohorts 1 - 4: Functional Outcomes: Amongst ERT-naive patients, 6MWT distance increased in 6/6, 5/5, and 4/5 patients at months 12, 24, and 36, respectively. The ERT-naive patients showed mean increases of 57 meters at month 12, 61 meters at month 24, and 44 meters at month 36. 6MWT distance increased in 13/16, 8/10, and 6/8 ERT-experienced patients at months 12, 24, and 36, respectively. The ERT-experienced patients showed mean increases of 34 meters at month 12, 21 meters at month 24, and 48 meters at month 36. Muscle Strength: Ambulatory and non-ambulatory patients, including ERT-experienced and ERT-naive, showed improvements in strength testing as assessed by manual muscle testing (MMT) and improvements were maintained out to 36 months. Pulmonary Function: Pulmonary function improved in ERT-naive patients and was generally stable in ERT-experienced patients. In ERT-naive patients, mean change in percent predicted forced vital capacity, one of the main measures of pulmonary function in Pompe disease, was +4.5% at month 12, +6.8% at month 24, and +6.2% at month 36. In ERT-experienced patients, mean change in % predicted FVC was -1.3% at month 12, -0.9% at month 24, and -0.4% at month 36. Safety, Tolerability, and Pharmacokinetics/Pharmacodynamics in Cohorts 1-4: To date, adverse events have been generally mild and transient; The clinical pharmacokinetic profile has been consistent with previously reported data; Persistent and durable reductions in key biomarkers of muscle damage and disease substrate across all patient cohorts out to month 36 continue to suggest a positive effect on muscle tissue.
|
EYPT | Hot Stocks07:10 EDT EyePoint reports inducement grants under Nasdaq listing rule - EyePoint Pharmaceuticals announced that the Company granted non-statutory stock options to new employees as inducement awards outside the Company's 2016 Long-Term Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The Company granted stock options to purchase up to an aggregate of 6,250 shares of EyePoint Pharmaceuticals common stock to six new employees. The stock options were granted on March 15, 2022. The grants were approved by the Compensation Committee and made as an inducement material to each employee entering into employment with EyePoint Pharmaceuticals in accordance with NASDAQ Listing Rule 5635(c)(4). The option awards have an exercise price of $12.05 per share, the closing price of EyePoint Pharmaceuticals' common stock on March 15, 2022. The options have a ten-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee's date of grant and the remainder vesting in equal monthly installments over the following three years. Vesting of the options is subject to the employee's continued service with EyePoint Pharmaceuticals through the applicable vesting dates.
|
TPRFF | Hot Stocks07:09 EDT Gran Colombia Gold announces drill results from Segovia operations - GCM Mining announced multiple high-grade intercepts at its Segovia Operations from the final 39 diamond drill holes, totaling 9,158 meters, of its 2021 in-mine and near-mine drilling programs, as well as the final 27 diamond drill holes, totaling 7,125 meters, from its 2021 brownfield drilling programs. The Company also announced the assay results from 2 additional kick-off diamond drill holes, totaling 1,140 meters, from the ongoing directional drilling at the El Silencio Deep Zone. Significant high-grade intercepts from the latest drill results include: In-mine and near-mine drilling: Sandra K: 40.39 g/t Au and 42.4 g/t Ag over 0.41 meters on the Sandra K Techo FW Vein; Sandra K: 159.88 g/t Au and 248.0 g/t Ag over 0.30 meters on the Sandra K Techo Vein; El Silencio: 38.41 g/t Au and 28.6 g/t Ag over 0.68 meters on the Manto Vein; El Silencio: 236.44 g/t Au and 123.6 g/t Ag over 0.60 meters on the Nacional Vein; Carla: 254.30 g/t Au and 316.7 g/t Ag over 0.45 meters on the La Gran Colombia Vein. Brownfield drilling Marmajito: 131.10 g/t Au and 294.3 g/t Ag over 0.32 meters on the Marmajito Vein. La Guarida-Cristales Trend: 56.88 g/t Au and 41.0 g/t Ag over 0.39 meters on the La Guarida-Cristales Trend. Serafino Iacono, Executive Chairman of GCM Mining, commented, "We completed a very robust exploration campaign at our Segovia Operations in 2021 with a total of approximately 97,000 meters completed in 444 diamond drill holes at our producing mines and our high-priority brownfield targets. These drill results will be incorporated in the annual mineral reserve and resource updates that are expected to be announced later this month. Our Segovia Operations continue to demonstrate their prowess as a world-class system, both in terms of its size and high grades, as shown by the continued outstanding results from the 2021 drilling programs. The team's exploration model and understanding of the local vein systems led to the discovery of the 1040 Vein at the El Silencio Mine in 2021 which has the potential to add substantial resources and increase the mine life for this operation. Drilling from surface at the Sandra K Mine has proven the down-plunge extension of the main ore-shoots to well below the deepest level of the mine, as well as a further strike extension of the main vein system to the north by 150 meters. In addition, brownfield drilling on the Marmajito Vein has shown multiple high-grade intersections, which reinforce the exploitation potential of this vein by taking advantage of the proximity of the Providencia Mine's infrastructure. For 2022, we have committed to contining our exploration campaign at Segovia with another 91,000 meters of drilling at our producing mines and high-priority brownfield targets." The 2021 in-mine and near-mine infill and step-out drilling programs commenced in January 2021 and focused on replacing the 2021 mine production and on organic growth through resource and reserve expansion at the Company's core operating mines. GCM Mining completed a total of 184 drill holes in 2021 totaling 47,735 meters which represented about 119% of plan. The in-mine and near-mine drilling campaign was complemented by another 196 diamond drill holes totaling 33,471 meters that were completed in 2021 in an ongoing underground in-fill drilling campaign carried out by the Company's Mine Geology Department, primarily at the El Silencio Mine, which focused on resource definition within the underground mine developments. The 2021 brownfield drilling campaign, which focused on exploration for new resources at the brownfield exploration targets on the 24 veins within the Segovia mining title that are not currently in production, commenced in late 2020 at the Vera Project. The 2021 brownfield exploration drilling campaign was finalized at the end of December 2021 with a total of 64 drill holes totaling 15,924 meters, about 20% less than planned mainly due to the lengthy administrative processes involved to obtain permission to access the land where the drilling platforms were built. GCM Mining's 2022 diamond drilling campaign will comprise approximately 91,000 meters with up to 52,000 meters of in-mine and near-mine drilling and 15,000 meters of underground in-fill drilling at its four producing mines together with 24,000 meters of brownfield drilling at its high-priority targets within the other 24 known veins it is not currently mining in its Segovia mining title.
|
VIEW | Hot Stocks07:08 EDT View Smart Windows installed at Uplands Corporate Center - View announced its Smart Windows have been installed at Uplands II, a 124,081-square-foot office building in Southwest Austin, Texas. The recently completed Uplands II property is the second building in the Uplands Corporate Center. View Smart Windows are fitted throughout Uplands II, providing a "healthier environment, increasing energy efficiency, maximizing natural light, and enhancing the building's panoramic views of the renowned Texas Hill Country and Austin Central Business District," the company said. The design of the Uplands II property will also feature View Immersive Displays, which transform windows into transparent, digital, interactive surfaces for video conferencing, content creation, entertainment, advertisements, and more.
|
TRU | Hot Stocks07:08 EDT TransUnion enters software partnership with Funnel Leasing - Funnel Leasing announced a new partnership with TransUnion. The new integration will empower renters with an application experience and assist operators with making better screening decisions. TransUnion's rental screening solutions ResidentScore and ResidentID products are integrated into the Funnel platform, enabling a suite of reporting functionality and improvements to collected data capabilities.
|
EMBK | Hot Stocks07:07 EDT Embark Trucks CEO donates 2022 salary, launches Robotics, STEM Education fund - Embark Trucks announced that CEO Alex Rodrigues will take a $0 salary and bonus in 2022, with funds instead being used to launch Little Robots, a grant fund dedicated to youth robotics and STEM education. In addition, Mr. Rodrigues' 2022 equity compensation will be contingent on the company achieving specific price-based milestones, including reaching a share price of $20 or more. The Little Robots fund empowers aspiring roboticists to pursue their passion for technology and gives them a head start on their careers in the field. The fund will accept individual and group applications for eligible projects on a rolling basis.
|
TALO CLB | Hot Stocks07:07 EDT Talos Energy executes Texas CCS site lease, enters strategic alliance with Core Lab - Talos Energy (TALO) announced that Bayou Bend, Talos's venture with Carbonvert, executed definitive lease documentation with the Texas General Land Office - GLO -, formalizing the previously announced carbon capture and sequestration - CCS - site located offshore Jefferson County, Texas, near the Beaumont and Port Arthur, Texas industrial corridor. Talos separately established a CCS strategic alliance with Core Laboratories (CLB) to provide technical evaluation and assurance services for CCS subsurface analysis, including the company's upcoming 2022 stratigraphic evaluation wells. On March 11, the Venture jointly executed lease documentation with the GLO establishing the first ever major offshore carbon sequestration site in the United States. The lease comprises more than 40,000 acres immediately adjacent to the Beaumont and Port Arthur, Texas industrial corridor and maintains an estimated sequestration capacity of 225 - 275 million metric tons of CO2. Talos will be the operator and holds a 50% equity interest. The company established a technical alliance with Core Lab to advance CCS site characterization, including stratigraphic evaluation wells, reservoir core sampling, geological assessment and rock and fluid sample analysis, all of which are critical inputs for EPA Class VI permit applications. The alliance also provides a framework for future collaboration around transparent CO2 stream monitoring and verification.
|
ADAG | Hot Stocks07:06 EDT Adagene announces FDA clearance to proceed with Phase 1b/2 trial of ADG126 - Adagene announced FDA clearance to proceed with a Phase 1b/2 clinical trial of its anti-CTLA-4 monoclonal antibody, mAb, ADG126, in combination with the anti-PD-1 antibody pembrolizumab. The global trial will evaluate patients with advanced/metastatic solid tumors at multiple sites in the U.S. and Asia Pacific, APAC. "The FDA clearance of this trial represents a major step forward in our wholly-owned CTLA-4 program. It builds on a strong safety profile for ADG126 SAFEbody and its parental antibody ADG116, respectively, as a single agent and the ability to achieve doses that may unlock the full potential of CTLA-4 as a proven target for strong ADCC-mediated Treg depletion in the TME. Our goal is to establish the CTLA-4 pathway as the cornerstone of cancer treatment in both single-agent and combination regimens," said Peter Luo, Ph.D., Co-founder, Chief Executive Officer and Chairman of Adagene. "We are excited to initiate our clinical trial evaluating combination therapy with ADG126, which leverages SAFEbody precision masking technology to address toxicity limitations. This multi-regional trial of ADG126 with pembrolizumab also reflects our commitment to bringing highly differentiated therapies to cancer patients globally." The ADG126-P001 trial is expected to dose the first patients soon. The trial is designed to evaluate safety and tolerability, and to determine the recommended Phase 2 dose for ADG126 in combination with pembrolizumab.
|
REFI | Hot Stocks07:05 EDT Chicago Atlantic funds $30M senior secured credit facility for Florida operator - Chicago Atlantic Real Estate Finance announced it led a $30 million senior secured credit facility to a private, vertically integrated, single-state cannabis operator in Florida. At closing, Chicago Atlantic funded $17.5 million of its total $22.5 million commitment. The facility will fund a new cultivation and processing facility in Florida that is expected to be fully operational early this year, repay existing indebtedness and build out over 20 dispensaries during the next two years. Since completing its initial public offering in December 2021, Chicago Atlantic has funded a total of $73.6 million of principal under 7 new loans and credit facilities to 6 separate operators as well as an additional $36.1 million of principal to existing borrowers under current credit facilities in 18 states for total loan fundings of approximately $109.7 million.
|
DFH | Hot Stocks07:04 EDT Dream Finders Homes expects a minimum of 7,000 home closings in 2022 - Dream Finders Homes expects a minimum of 7,000 home closings for the full year 2022 for the combined Company. Any further COVID-19 governmental restrictions on land development, home construction or home sales or additional supply chain challenges could negatively impact the Company's ability to achieve this number of home closings in 2022. As of December 31, 2021, the combined Company backlog was 6,381 homes, with approximately 10% of the homes in backlog expected to be delivered in 2023 and beyond. The Company continues to believe the backlog of homes sold is the best indicator for future growth.
|
MMX | Hot Stocks07:04 EDT Maverix Metals sees FY22 attributable GEOs 32,000-35,000 - The company said, "Maverix continues to expect 32,000 to 35,000 attributable GEOs for 2022 at approximately a 90% cash margin with approximately 99% of expected revenue derived from gold and silver. On March 2, 2022, Polymetal International plc ("Polymetal") announced the current and devastating conflict in Ukraine and related economic and political developments are likely to require a lot of management efforts to maintain Polymetal's performance. However, despite a wide range of uncertainties Polymetal will be working under in 2022, it is Polymetal's current intention to operate as normally as possible but remain agile to evolving circumstances. Polymetal also reiterated its current production guidance for 2022. Maverix has a 2.5% gross revenue royalty on the Omolon hub operation owned by Polymetal and located in Magadan Region, Russia. On March 9, 2022, Polymetal stated that all its operations in Russia continue undisrupted."
|
LTRX | Hot Stocks07:04 EDT Lantronix announces GDOT approval for Ethernet Switch line - Lantronix announced that its entire line of Smart Managed Industrial Hardened Ethernet Switches has been approved by the Georgia Department of Transportation for sale and installation within the state. The Georgia State Approved Qualified Products List under Network Electronics now includes four Lantronix smart Ethernet switches, enabling them to be used by Georgia state and local government smart transportation initiatives. Lantronix's smart Ethernet switches are also approved by the New York Department of Transportation and the Florida Department of Transportation.
|
LGIH | Hot Stocks07:03 EDT LGI Homes opens Phoenix area community in Buckeye - LGI Homes announced the opening of Terravista, its newest community in the Phoenix market. Located in Buckeye, Arizona, this incredible new community offers brand-new single-family homes filled with upgrades, minutes from major employers and popular amenities.
|
PTGX | Hot Stocks07:02 EDT Protagonist Therapeutics earns $25M milestone payment from Janssen Biotech - Protagonist Therapeutics (PTGX) earned a $25M milestone payment from its collaboration with Janssen Biotech following dosing of the third patient in the Phase 2b FRONTIER 1 clinical trial of PN-235. FRONTIER 1 is a Phase 2b multicenter, randomized, placebo controlled, dose-ranging study to evaluate the safety and efficacy of PN-235 for the treatment of moderate-to-severe plaque psoriasis. This study commenced on February 3 and is expected to enroll 240 participants. Protagonist has granted Janssen an exclusive worldwide license to research, develop and commercialize oral IL-23 receptor antagonists based on the company's intellectual property. Current development efforts are centered on PN-235, discovered by Protagonist and further developed in collaboration with Janssen. Protagonist is eligible for up to approximately $850M in development-related milestone payments, in addition to $112.5M in milestones already earned. Under terms of the collaboration, Janssen will conduct all future clinical studies, inclusive of Phase 2 and 3 studies. Janssen will be financially responsible for such studies.
|
VZ | Hot Stocks07:02 EDT Verizon announces nearly $1B in awards from U.S. Department of Defense - The U.S. Department of Defense has awarded Verizon Public Sector three Enterprise Infrastructure Solutions task order awards worth $966.5M. Verizon will provide network modernization services and technical support services to the Pentagon, the DOD National Capital Region and Fort Belvoir. Under the Pentagon task order valued at $515.3M, Verizon will partner with the DOD to transition the entire Pentagon military and civilian population from copper-based telephony to advanced internet protocol-based services, providing a converged-enterprise environment for the Pentagon's voice and data services. This includes converting more than 52,000 voice lines to an integrated IP environment with optimized voice and video services. Verizon professional services will provide the DOD with a dedicated support team to help plan, design and implement network upgrades and new equipment at the Pentagon. The second award with DOD-NCR is a $432.9M task order. Verizon will deliver core voice, transport, internet and professional services to over 370 locations within the DOD-NCR. DOD-NCR leads an interagency group responsible for the homeland security and defense of the Washington, D.C. area and surrounding counties in Virginia and Maryland. Finally, Verizon has been awarded an $18.3M task order to provide communications technology infrastructure including core voice, transport, internet and managed services at Fort Belvoir. The U.S. Army garrison provides logistical, intelligence and administrative support to a diverse mix of commands, activities and agencies in the Washington, D.C. area. Verizon will also work hand-in-hand with the DOD to help develop and implement a long-term, strategic IT vision and plan to promote innovation to remain on the leading edge as technology transforms and improves.
|
ACM | Hot Stocks06:56 EDT Aecom-led JV to provide services for Dallas Fort Worth International Airport - Aecom announced its Airfield Management Partners joint venture with H.J. Russell & Company, has been selected to provide civil airside program and construction management services for Dallas Fort Worth International Airport. This work supports DFW's long-term Civil Airside Master Plan as well as near-term strategies that reinforce its emphasis on customer experience. The Airfield Management Partners joint venture has been selected to deliver planning and programming, preliminary design, procurement, design management, pre-construction, construction management, and closeout services on a delivery order basis for all phases of airside project development. These projects may include rehabilitation, improvements, and enhancements to infrastructure such as runways, taxiways, utilities, security, signage, airfield support facilities, and airport transit systems.
|
SPIR | Hot Stocks06:51 EDT Spire Global announces space-as-a-service agreement with NorthStar Earth & Space - Spire Global announced a new space-as-a-service agreement with NorthStar Earth & Space to build a constellation of satellites focused on space-situational awareness and debris monitoring. The first award within the contract is for three satellites, with pre-agreed options for NorthStar to scale the constellation to dozens of satellites as their business operational needs grow. With this dedicated constellation, NorthStar will be able to monitor space from space, delivering timely and precise orbit determination, collision avoidance, navigation services, and proximity warnings for cyber security to the global satellite community. The mission will encompass the development of Spire's first 12U satellites as the company continues to expand the power, volume, and edge-computing capacity available to applications deployed on Spire's space platform.
|
BAH | Hot Stocks06:51 EDT Booz Allen to acquire cybersecurity company EverWatch - Booz Allen has entered into a definitive agreement to acquire EverWatch, a provider of solutions to the defense and intelligence communities. EverWatch builds and operates mission-critical classified platforms to defend against increasingly sophisticated national cyber threats. Its specialized capabilities complement Booz Allen's deep AI and cyber portfolio. EverWatch, a portfolio company of Enlightenment Capital, was founded in 2017 and is headquartered in Reston, Virginia. Following the closing of the transaction, EverWatch will operate as a wholly owned subsidiary of Booz Allen, working with the firm's National Security Sector led by Sector President Judi Dotson. The transaction is expected to close in Q1 of Booz Allen's FY23 and is subject to customary closing conditions. Terms of the transaction were not disclosed.
|
LE | Hot Stocks06:49 EDT Land's End CFO sees FY22 sales growth higher in 'back half of the year' - Jim Gooch, President and CFO, stated, "We are very pleased with the performance we delivered in 2021, despite the supply chain challenges in the back half of the year. For fiscal 2022, we expect year-over-year sales growth to be higher in the back half of the year, as we lap strong demand from the first half of 2021 and inventory constraints we experienced in the back half of 2021. While we navigate the macro headwinds through the remainder of fiscal 2022, we remain confident in our business model and ability to meet our long-term targets."
|
FND | Hot Stocks06:48 EDT Floor & Decor announces long-term financial targets and strategic priorities - Floor & Decor is announcing its long-term financial targets and strategic priorities through FY24. CEO Tom Taylor stated, "We just completed our most successful year on record in 2021, and we are incredibly proud of what we have achieved over the last decade, but we still believe our best days are yet in the future...We have made thoughtful and meaningful investments year after year to continually differentiate our retail and commercial hard surface flooring models and our customers are rewarding us with continued sales and market share growth. We have strong momentum in the business in Q122, and we look forward to discussing our strategies and financial plans for the next three years." These estimated growth rate targets represent long-term annual targets over FY22 to FY24: total net sales growth of at least 20% as measured over a three-year compounded annual growth period; new warehouse format store growth of 20% through 2024; adjusted operating income approximately doubling from 2021 to 2024, representing approximately 25% growth when measured over a three-year compounded annual growth period; adjusted EBITDA margins as a % of sales in the mid-teen range; and maintain low balance sheet leverage and prioritize operating cash flow back into the business to support 20% new warehouse-format store growth while continuing to improve return on invested capital.
|
BTNB PGRU | Hot Stocks06:43 EDT Bridgetown 2 Holdings shareholders approve combination with PropertyGuru - Bridgetown 2 Holdings (BTNB) announced that Bridgetown 2 shareholders approved the previously announced business combination with PropertyGuru, which it calls "Southeast Asia's leading property technology company,", at an extraordinary meeting of shareholders. As previously disclosed, the transaction is expected to close March 17, subject to the satisfaction or waiver of customary closing conditions. Following the close of the business combination, PropertyGuru's ordinary shares are expected to begin trading on the New York Stock Exchange on March 18, under the ticker symbol "PGRU."
|
IMUX | Hot Stocks06:37 EDT Immunic promotes Glenn Whaley to CFO - Immunic announced that Glenn Whaley, CPA, who has served as VP finance, principal financial and accounting officer since April 2020, has been promoted to the position of CFO. Whaley joined Immunic as principal accounting officer and controller in December 2019.
|
CDXC | Hot Stocks06:37 EDT ChromaDex issued additional U.S. continuation patent for Niagen - ChromaDex was granted an additional continuation patent adding to its global patent portfolio surrounding nicotinamide riboside and other nicotinamide adenine dinucleotide - NAD - precursors. This newly granted continuation patent reinforces a recently granted patent. ChromaDex currently owns and licenses a patent portfolio of over 40 granted patents relating to Niagen and other precursors of NAD. Niagen is the sole active ingredient in ChromaDex's flagship product, Tru Niagen. This new patent relates to a novel method of making nicotinamide riboside chloride salt.
|
SCVL | Hot Stocks06:35 EDT Shoe Carnival aims to add 10 plus new stores during FY22 - During fiscal 2021, the company completed a multi-year store productivity improvement program. The result of this strategic initiative is that all ongoing stores generated positive cash flow during fiscal 2021. The full fleet productivity is strong, generating sales of over $300 per square foot, net cash provided by operating activities of $148 million, and free cash flow of $117 million. As such, the company has completed the program and expects limited, if any, store closings for the next several years. Based on customer response to our store modernization program, the Company has accelerated capital investments, and now aims to complete the rollout of the program across the fleet by the end of fiscal 2024. Approximately 20 percent of the store remodels were completed by the end of fiscal 2021, and the Company expects 50 percent of the store remodels to be completed by the end of fiscal 2022. In December, the Company acquired substantially all of the assets of Shoe Station, Inc., a leading Southeast retailer of footwear and accessories. As of March 16, 2022, the Company has completed back-office integrations approximately nine months ahead of schedule and expects to transition into store growth later in 2022. The Company's strategic plan is to accelerate store count expansion during each of the next three years, and aims to add 10 plus new stores during fiscal 2022, over 20 new stores in fiscal 2023, and over 25 new stores annually by fiscal 2024.
|
SCVL | Hot Stocks06:34 EDT Shoe Carnival raises quarterly dividend 29% to 9c from 7c per share - The quarterly cash dividend will be paid on April 18 to shareholders of record as of the close of business on April 4. Additionally, the company has $50M available in calendar 2022 for future repurchases under its share repurchase program.
|
SGEN SNY | Hot Stocks06:32 EDT Seagen and Sanofi to develop and commercialize antibody-drug conjugates - Seagen (SGEN) and Sanofi (SNY) announced an exclusive collaboration agreement to design, develop, and commercialize antibody-drug conjugates - ADCs - for up to three cancer targets. The collaboration will utilize Sanofi's proprietary monoclonal antibody technology and Seagen's proprietary ADC technology. ADCs are antibodies engineered to deliver potent anti-cancer drugs to tumor cells expressing a specific protein and Sanofi currently has one ADC in development. Seagen and Sanofi will co-fund global development activities and share equally in any future profits. In addition, Sanofi will make an undisclosed payment to Seagen for each of the three targets as they are selected. The first target under the collaboration has already been designated.
|
CODA | Hot Stocks06:08 EDT Coda Octopus expects CFO to retire in FY22 - The company said, "We anticipate bolstering our management team in the fiscal year 2022 with a focus on complementing our management with business development and marketing resource. We also expect our current CFO, who has held this position for over 12 years to retire in this fiscal year and we will be bringing on board in the next 30 to 60 days, a new CFO. Alongside the financial responsibilities of the Group, we anticipate the new CFO will be actively leading our investor relations program and earnings call and future M&A strategy"
|
NFE | Hot Stocks06:02 EDT New Fortress Energy signs LNG Sale and Purchase Agreement with Venture Global - New Fortress Energy has executed two 20-year Sale and Purchase Agreements with Venture Global. Under the deals, Venture Global will supply 2 million tons per annum of LNG on a free on board - FOB - basis from its LNG facilities in Louisiana. Under the first agreement, NFE will purchase 1 MTPA of LNG from Venture Global's Plaquemines LNG export facility in Plaquemines Parish, Louisiana for a term of 20 years. In addition, NFE agreed to purchase an additional 1 MTPA of LNG from Venture Global's CP2 LNG facility in Cameron Parish, Louisiana, adjacent to Venture Global's existing Calcasieu Pass LNG facility. The effectiveness of each agreement is subject to customary terms and conditions.
|
SBUX | Hot Stocks05:54 EDT NLRB issues complaint against Starbucks - The National Labor Relations Board on Tuesday issued a complaint against Starbucks over accusations that it retaliated against two employees seeking to unionize their store in Phoenix. The formal complaint contends that Starbucks issued a written warning to one employee and suspended her, and rejected the scheduling preferences of a second employee, leading to her termination, because the employees supported the union.
|
DADA | Hot Stocks05:53 EDT Dada Nexus provides COVID self-test kits online - Dada Group will start booking COVID antigen self-test kits online. Meanwhile, Dada Group has actively responded to government guidance, guaranteeing daily supplies for residents by leveraging the advantages of JDDJ and Dada Now.
|
PRTA | Hot Stocks05:36 EDT Prothena announces new preclinical data from dual Ass/tau vaccine for AD - Prothena presented new preclinical data from both its dual Ass/tau vaccine for the potential treatment and prevention of Alzheimer's disease, or AD, and from its tandem C-terminal a-synuclein vaccine programs for the potential treatment and prevention of Parkinson's disease, or PD, and related synucleinopathies. The data were presented at the International Conference on Alzheimer's and Parkinson's Diseases, taking place March 15-20, 2022, in Barcelona, Spain. Preclinical data on Prothena's dual Ass/tau vaccine were presented in an oral presentation. Prothena's dual Ass/tau vaccines were described as linear peptide conjugates designed to prevent the two key processes associated with AD: the formation of Ass-plaque and the development of intraneuronal tau tangles. The incremental results from preclinical studies support the continued development of this dual-epitope vaccine for the treatment and prevention of AD. Specifically, the findings presented at AD/PD 2022 provide proof of concept in multiple preclinical species for Prothena's dual Ass/tau vaccine to address the desirable attributes of quantity, quality and safety that have prevented the advancement of safe and effective vaccines for the treatment or prevention of AD. From a quantity standpoint, results demonstrated both the generation of robust and balanced immunogenic responses against pathogenic Ass and tau in multiple animal species, demonstrating the ability to overcome immunodominance. For quality, sera from immunized animals inhibited the binding of soluble Ass aggregates to cultured hippocampal neurons and bound to Ass plaques and tau tangles in human AD brain sections at titers expected to be achieved in the central nervous system in vivo, potentially demonstrating strong immunoreactivity to Ass and tau pathology. The antibodies generated by these vaccines also induced phagocytosis and blocked binding of tau to heparin, an analog of heparan sulfat, or HS. Tau-HS interactions are believed to be involved in both the secretion of tau and its subsequent internalization into neurons. For safety, the sera from immunized non-human primates did not generate measurable cytotoxic T-cell responses to endogenous Ass or tau proteins. Prothena presented preclinical data from a study of Prothena's tandem C-terminal a-synuclein vaccine in a poster presentation titled: Development of C-Terminal a-Synuclein Vaccine for Treatment and Prevention of Parkinson's Disease and Other Synucleinopathies. The findings demonstrate that the lead vaccine candidate with tandem C-terminal a-synuclein peptides resulted in titers, with robust binding to pathogenic a-synuclein and inhibition of uptake of soluble a-synuclein aggregates into cells, when compared to immunization with vaccines containing a single peptide sequence. The robust and functional characteristics of the immune response following vaccination support the further development of this approach for the potential treatment and prevention of PD and related synucleinopathies.
|
BTBT... | Hot Stocks05:33 EDT Bit Digital provides Q4 bitcoin production, mining operations update - Bit Digital announced its unaudited bitcoin production and mining operations update for Q4. The company continued the redeployment of its miner fleet in North America. As previously announced, 100% of its fleet had exited China and arrived in North America as of November 17, 2021. Overall, 39.2% of currently-owned fleet, or 10,462 bitcoin miners and 712 Ethereum miners representing 0.511 Exahashand 0.188 Terahash respectively, was deployed in North America as of the date of this press release. A total of 27.8% of its fleet or 7,710 bitcoin miners representing 0.457 EH/s was deployed in North America as of December 31, 2021. The company owned 27,744 bitcoin miners and 731 Ethereum miners as of December 31, 2021, with an estimated maximum total hash rate of 1.6 EH/s and 0.3 TH/s, respectively.
|
BTNB | Hot Stocks05:30 EDT Bridgetown 2 Holdings shareholders approve combination with PropertyGuru - Bridgetown 2 Holdings announced that Bridgetown 2 shareholders approved the previously announced business combination with PropertyGuru, Southeast Asia's property technology company, at an extraordinary meeting of shareholders.
|
ADBE BMWYY | Hot Stocks05:28 EDT Adobe, BMW expand partnership - Adobe (ADBE) announced that BMW Group (BMWYY) has expanded its relationship with Adobe as part of its digital transformation of its sales and marketing division. BMW Group, which includes BMW, Rolls-Royce, MINI and BMW Motorrad, is leveraging Adobe Experience Cloud to deliver personalized digital experiences, as it advances toward the goal of selling a quarter of all its vehicles online within the next three years.
|
RHHBY | Hot Stocks05:27 EDT Genentech announces new Evrysdi data from SUNFISH trial - Genentech, a member of Roche, announced new data for Evrysdi in spinal muscular atrophy, or SMA. Presentations included new three-year data from the SUNFISH study which further confirmed the long-term efficacy and safety of Evrysdi in a broad population of people aged 2-25 years with Type 2 or Type 3 SMA. Additional presentations included exploratory two-year efficacy data from SUNFISH Part 2, demonstrating improvement in, or stabilization of, motor function with Evrysdi compared to an untreated external control group. Genentech also announced updated interim data from the RAINBOWFISH study in pre-symptomatic babies with SMA under two months of age. The data were presented at the Muscular Dystrophy Association, or MDA, Clinical and Scientific Conference, March 13-16. In the SUNFISH study, the increase in Motor Function Measure 32, or MFM-32, total score from baseline previously observed at year one was maintained through year three in people treated with Evrysdi. The increases in Revised Upper Limb Module, or RULM, and Hammersmith Functional Motor Scale Expanded total scores from baseline were also sustained between year one and year three. Evrysdi was well-tolerated over the three-year time period in the SUNFISH study. The overall rate of adverse events, or AEs, in SUNFISH decreased over three years, and a trend towards a lower rate of serious adverse events, or SAEs, was observed in the third year of treatment. Overall, AEs and SAEs were reflective of the underlying disease and no treatment-related AEs led to withdrawal from the study. In addition, for the first time, an external comparator analysis has been done for SUNFISH two-year data with an untreated control group. The weighted exploratory analyses of MFM total scores showed that in SUNFISH Part 2, the proportion of patients demonstrating a marked improvement or stabilization were more likely in patients who were on Evrysdi for 24 months than those in the untreated comparator group. Updated interim data from the RAINBOWFISH study were also shared, demonstrating the safety and efficacy of Evrysdi for newborns. In January, the U.S. Food and Drug Administration granted priority review of a supplemental new drug application for the use of Evrysdi to treat pre-symptomatic babies under two months of age with SMA.
|
RHHBY | Hot Stocks05:25 EDT Genentech announces new Evrysdi data from SUNFISH trial - Genentech, a member of Roche, announced new data for Evrysdi in spinal muscular atrophy, or SMA. Presentations included new three-year data from the SUNFISH study which further confirmed the long-term efficacy and safety of Evrysdi in a broad population of people aged 2-25 years with Type 2 or Type 3 SMA. Additional presentations included exploratory two-year efficacy data from SUNFISH Part 2, demonstrating improvement in, or stabilization of, motor function with Evrysdi compared to an untreated external control group. Genentech also announced updated interim data from the RAINBOWFISH study in pre-symptomatic babies with SMA under two months of age. The data were presented at the Muscular Dystrophy Association, or MDA, Clinical and Scientific Conference, March 13-16. In the SUNFISH study, the increase in Motor Function Measure 32, or MFM-32, total score from baseline previously observed at year one was maintained through year three in people treated with Evrysdi. The increases in Revised Upper Limb Module, or RULM, and Hammersmith Functional Motor Scale Expanded total scores from baseline were also sustained between year one and year three. Evrysdi was well-tolerated over the three-year time period in the SUNFISH study. The overall rate of adverse events (AEs) in SUNFISH decreased over three years, and a trend towards a lower rate of serious adverse events (SAEs) was observed in the third year of treatment. Overall, AEs and SAEs were reflective of the underlying disease and no treatment-related AEs led to withdrawal from the study. In addition, for the first time, an external comparator analysis has been done for SUNFISH two-year data with an untreated control group. The weighted exploratory analyses of MFM total scores showed that in SUNFISH Part 2, the proportion of patients demonstrating a marked improvement (change greater than or equal to3 points) or stabilization (change greater than or equal to0 points) were more likely in patients who were on Evrysdi for 24 months than those in the untreated comparator group (p=0.025 and p=0.002 respectively). Updated interim data from the RAINBOWFISH study were also shared, demonstrating the safety and efficacy of Evrysdi for newborns. In January, the U.S. Food and Drug Administration (FDA) granted priority review of a supplemental new drug application (sNDA) for the use of Evrysdi to treat pre-symptomatic babies under two months of age with SMA.
|
IPSEY | Hot Stocks05:22 EDT Ipsen to invest in new electronic autoinjector - Ipsen announced it will invest in a new electronic autoinjector for Somatuline Autogel/Somatuline Depot, to deliver further innovation in the class with the aim of improving administration and the injection experience for patients. The new device will be made in collaboration with Phillips-Medisize and will be accompanied by enhanced investment in Ipsen's Signes manufacturing site in France. This step further builds on Ipsen's 20 years' experience with Somatuline Autogel / Somatuline Depot, with this announcement marking the fourth generation of devices for its administration.
|
JCI | Hot Stocks05:20 EDT Johnson Controls to equip Discount Group headquarters with OpenBlue technologies - Johnson Controls, together with matrix, will equip the new headquarters of the Discount Group near Tel Aviv with its OpenBlue digital platform technologies, creating new possibilities for operational energy efficiency, occupant comfort and sustainability in a dynamic solution.
|
NLOK AVASF | Hot Stocks05:17 EDT NortonLifeLock issues statement as CMA refers Avast merger for further review - NortonLifeLock (NLOK) released the following statement related to the status of the final remaining regulatory approval for NortonLifeLock's recommended merger with Avast (AVASF): "Based upon potential impact in the U.K. market, the CMA intends to refer the Merger to a Phase 2 investigation if the company does not offer Phase 1 remedies. The decision is surprising. We believe this transaction can only benefit consumers across the globe, including in the U.K., through increased innovation and greater consumer freedom and choice beyond big tech platform providers in the burgeoning Cyber Safety market. Regulators from across the globe, including the US Department of Justice, and in Europe the German Federal Cartel Office, and the Spanish National Markets and Competition Commission, have reviewed and cleared the transaction. NortonLifeLock remains confident that the transaction should be approved and does not intend to propose any Phase 1 remedies. The company will continue to constructively engage with the CMA and their review."
|
LX | Hot Stocks05:13 EDT LexinFintech announces $50M share repurchase program - LexinFintech announced that its board of directors has authorized a share repurchase program under which the company may purchase up to $50M of its shares over the next twelve months.
|
AMBA | Hot Stocks05:11 EDT Ambarella, Helm.ai announce ADAS software integration - Ambarella and Helm.ai, announced a new perception software release for the Ambarella CVflow AI SoC architecture that makes Helm.ai's advanced driver assistance system, or ADAS, software available to the ecosystem of customers and partners built around the Ambarella platform. This new integration allows both companies to rapidly iterate on technical approaches that meet the latest automotive market needs, while offering combined hardware and software solutions to joint customers.
|
GXO | Hot Stocks05:08 EDT GXO Logistics deploys fleet of AMRs in the U.K., the Netherlands - GXO Logistics is using fleets of autonomous mobile robots, or AMRs, to help customers in the 28 countries where GXO operates make leaps in productivity and safety. After integrating cobots into operations for e-commerce and retail customers, GXO is now deploying them for grocery and large-item customers. GXO will be introducing a fleet of AMRs in the U.K. and the Netherlands over the next few months.
|