Stockwinners Market Radar for April 14, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

NTLA

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20:11 EDT Cathie Wood's ARK Investment bought 57.7K shares of Intellia Therapeutics today
DNA

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20:10 EDT Cathie Wood's ARK Investment bought 794K shares of Ginkgo Bioworks today
FARO

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19:30 EDT Faro Technologies names Jeff Sexton as VP of Global Sales - FARO Technologies "announced the retirement of Kevin Beadle, Senior Vice President of Global Sales. FARO announces the appointment of Jeff Sexton to lead FARO's global sales organization, effective April 18, 2022. Mr. Sexton joined FARO approximately two years ago and has successfully led its Americas sales organization."
WDC

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19:01 EDT Western Digital, Kioxia jointly invest in new flash memory facility - Kioxia Corporation and Western Digital Corp. have finalized a formal agreement to jointly invest in the first phase of the Fab7 manufacturing facility at Kioxia's industry-leading Yokkaichi Plant in the Mie Prefecture of Japan. With construction of the first phase of Y7 completed, the joint-venture investment will enable initial production output beginning in the fall of this year. This marks another important milestone in the 20-year strategic joint-venture partnership between the two companies. "We are very pleased to further deepen our strategic partnership with Western Digital through this joint investment in Y7," said Nobuo Hayasaka, President and CEO of Kioxia. "The rapid digitization of societies underpins accelerating use of memory products. We will continue to leverage our technological partnership and economies of scale to develop and produce cutting-edge semiconductor products and achieve organic corporate growth." This joint-venture investment adds a sixth flash memory manufacturing facility to the Yokkaichi Plant, enhancing its position as the world's largest flash memory manufacturing site. The first phase of the Y7 facility will produce 3D flash memory including 112- and 162-layer and future nodes.
CSX

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18:53 EDT CSX receives STB approval to acquire Pan Am Railways - CSX Corp. announced that the Surface Transportation Board approved CSX's application to acquire Pan Am Railways, Inc. CSX will move forward with the acquisition with a planned closing date of June 1, 2022, at which time CSX will acquire control of Pan Am. "CSX is pleased that the STB approved the proposed acquisition of Pan Am and has recognized the significant benefits this transaction will bring to shippers and other New England stakeholders," said president and chief executive officer, James M. Foote. "We look forward to integrating Pan Am, their employees and the rail-served industries of the Northeast into CSX and to working in partnership with connecting railroads to provide exceptional supply chain solutions to New England and beyond." Terms of the transaction were not disclosed.
ZM

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18:47 EDT Zoom Video CFO: We've grown from a meetings app to a communication platform - In an interview on CNBC's Mad Money, Kelly Steckelberg said Zoom is focused on continuing to innovate and build its platform. The company is investing in R&D and growing its sales ability on a global basis. "M&A is an important part of our future strategy," she noted.
APP

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18:37 EDT AppLovin co-founder Andrew Karam sells $5.34M in common stock - In a regulatory filing, AppLovin disclosed that its co-founder Andrew Karam sold 53.1K shares of common stock in a total transaction size of $5.34M.
GES

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18:17 EDT Guess: We strongly believe that ISS has reached the wrong conclusions - Guess issued the following statement in response to a report issued by Institutional Shareholder Services in connection with the election of the company's director nominees - Anthony Chidoni, Cynthia Livingston, Maurice Marciano and Paul Marciano - at its 2022 Annual Meeting of Shareholders, scheduled to be held on April 22: "We strongly believe that ISS has reached the wrong conclusions. The company has been clear regarding its track record of actions. We take allegations of sexual impropriety or unethical conduct extremely seriously and have acted accordingly to perform a thorough investigation of allegations against Paul Marciano in 2018. An independent committee of the Guess Board is currently conducting an investigation related to Legion Partners' Demand Letter. We are very disappointed to learn that ISS is recommending to our shareholders to withhold votes for the elections of Paul and Maurice Marciano prior to the completion of the independent investigation and prior to the resulting recommendations of the Demand Review Committee. Guess is successfully overseeing and executing our transformation business strategy. The company considers the interests of all shareholders as it prioritizes good governance oversight, the company's long-term value and the continued execution of Guess' dramatically improved financial results. Specifically, Paul Marciano's leadership and creative contributions have been critical in the establishment of our iconic brand image and execution of new initiatives that enhance the inherent value of Guess, including the elevation of our brands. Maurice Marciano's deep understanding of the brand and business, and his significant ownership stake, make him a trusted advisor and an invaluable contributor to the Guess Board and to the Company's strategic transformation. We continue to strongly believe that Legion Partners' proposed changes to the Board and management could risk the company's transformation and growth and could jeopardize the long-term value of the company. We have always made, and will continue to make, decisions that are based on facts and decisions that we believe are in the best interests of the company and ALL shareholders. Guess would like to urge shareholders to discard any blue proxy card materials and to only vote on the WHITE proxy card 'FOR ALL' of Guess' four highly qualified directors standing for election - Anthony Chidoni, Cynthia Livingston, Maurice Marciano and Paul Marciano."
TSLA TWTR

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17:49 EDT Musk says Twitter board would breach duty by acting against holder interests - Tesla (TSLA) founder Elon Musk tweeted, "If the current Twitter (TWTR) board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty. The liability they would thereby assume would be titanic in scale." The tweet was in response to Cameron Winklevoss saying that Twitter is considering a poison pill to thwart Musk's takeover offer, adding that the company would "rather self-immolate than give up their censorship programs." Reference Link
HMTV

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17:14 EDT Hemisphere Media holder Fine Capital buys over 215K shares of company stock - Beneficial Owner of Hemisphere Media, Fine Capital, purchased 215,094 shares of company stock at $4.14 per share, between April 12 and April 14, for a total transaction amount of $890,037.
CWST

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17:06 EDT Casella Waste president Johnson sells over $1.2M in company shares - Casella Waste president Edwin Johnson disclosed in a filing that he had sold 13,507 shares of company stock at $90.89 per share between April 12 and April 13, for a total transaction amount of $1,227,684.
MRSN

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17:03 EDT Mersana Therapeutics director buys $2.5M in common stock - In a regulatory filing, Mersana Therapeutics disclosed that its director Andrew Hack bought 617K shares of common stock on April 13th in a total transaction size of $2.5M.
DNA

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17:02 EDT Ginkgo Bioworks partners with Light Bio on bioluminescence engineering - Light Bio and Ginkgo Bioworks announced a collaboration to leverage Ginkgo's plant cell assays for bioluminescence engineering. Through the agreement, Ginkgo aims to help improve the luminescent output and efficiency of the enzymes within Light Bio's glowing ornamental plants. The scientists at Light Bio have discovered a new type of bioluminescence mechanism and are using synthetic biology to engineer plants to efficiently emit light. The original light emission pathway Light Bio uses in its glowing plants comes from bioluminescent mushrooms, and the company is now focused on expanding its engineering capabilities to support the creation of glowing plants.
HTZ

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17:02 EDT Hertz names Colleen Batcheler as new General Counsel - Hertz "announced that Colleen Batcheler will join the company as executive vice president, general counsel and secretary, effective May 20. Batcheler's appointment will follow the retirement of Dave Galainena, who has served as executive vice president, general counsel and secretary for the past three years and has practiced law for nearly 40 years. Dave will continue with the company through June 30 to facilitate a transition."
ORA

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16:39 EDT Ormat Technologies signs 15-year power purchase agreement with Peninsula - Ormat Technologies has signed a 15-year power purchase agreement with Peninsula Clean Energy, a Community Choice Aggregator that provides more than 3,500 GW hours of electricity to San Mateo County and the City of Los Banos. Under the terms of the agreement approved by Peninsula Clean Energy's Board of Directors, effective January 1, 2023, the CCA will purchase 26 MW of clean, renewable energy from Ormat's Heber 2 geothermal facility located in Imperial Valley, CA. This PPA marks the successful completion of Ormat's first ever solicitation for bids, with a request for bids on the Heber 2 facility issued in July of 2021.
NKTR BMY

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16:34 EDT Nektar, Bristol-Myers to end development program for bempegaldesleukin/Opdivo - Nektar Therapeutics (NKTR) and Bristol Myers Squibb (BMY) announced that based on results from pre-planned analyses of two late-stage clinical studies of bempegaldesleukin in combination with Opdivo in renal cell carcinoma and bladder cancer, the companies have jointly decided to end the global clinical development program for bempegaldesleukin in combination with Opdivo. These studies and all other ongoing studies in the program will be discontinued. In the Phase 3 PIVOT-09 study in patients with previously untreated advanced or metastatic RCC, Nektar and Bristol Myers Squibb were informed by an independent Data Monitoring Committee that a final analysis of objective response rate as assessed by Blinded Independent Central Review showed that bempegaldesleukin in combination with Opdivo did not meet the prespecified boundary for statistical significance in comparison to the tyrosine kinase inhibitor control arm in the International Metastatic Renal Cell Carcinoma Database Consortium intermediate/poor-risk or all-risk populations. An interim analysis of overall survival also did not meet the prespecified boundary for statistical significance in either of these populations. Given there was no clinical benefit in the doublet therapy arm compared to the TKI arm, the companies have decided to unblind the trial and to perform no additional analyses for the OS endpoint. In the separate Phase 2 PIVOT-10 study of the bempegaldesleukin/Opdivo doublet in patients with cisplatin-ineligible, locally advanced or metastatic urothelial cancer, a final ORR analysis assessed by BICR showed that bempegaldesleukin in combination with Opdivo did not reach an efficacy threshold to support continuing the program in urothelial carcinoma. The companies will review the data for both studies and plan to share the results with the scientific community. All other studies of bempegaldesleukin in combination with Opdivo, including a pivotal study in muscle-invasive bladder cancer (CA045-009), a Phase 1/2 study of the doublet in combination with TKI therapy in 1L RCC (CA045-011) and a Phase 1/2 study in recurrent and/or refractory pediatric tumors (CA045-020), will be discontinued, allowing patients and their physicians to consider standard of care treatment options for their specific conditions.
WY

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16:33 EDT Weyerhaeuser to purchase 80,800 acres of timberlands for $265M - Weyerhaeuser announced an agreement to purchase 80,800 acres of timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265M. The acquisition is comprised of productive timberlands situated in coastal markets and located to deliver immediate synergies with existing Weyerhaeuser timber and mill operations. Additionally, the acquisition is expected to deliver cash flow and harvest tons per acre within the company's Southern Timberlands business. Attributes include well-stocked timber inventory with a mature age class producing sawlog mix and average harvest of 6.5 tons per acre annually over the first 10 years with expected average adjusted EBITDA of approximately $160 per acre annually from timber operations over the first 10 years. With this acquisition, Weyerhaeuser will own or manage more than 900,000 acres of timberlands in the Carolinas, and the company also operates four mills, a distribution center and tree nursery and hosts multiple mitigation banks and real estate development projects employing more than 700 people between the two states. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2022.
ATVI MSFT

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16:33 EDT SOC Investment urges Activision Blizzard holders to vote against Microsoft deal - SOC Investment Group released a statement urging Activision Blizzard (ATVI) shareholders to vote against the proposed takeover by Microsoft (MSFT) during the "Call of Duty" publisher's upcoming meeting on April 28. "This transaction fails to properly value Activision and its future earnings potential, in significant part because it ignores the role that the sexual harassment crisis-and the Activision board's incompetent handling of it-has played in delaying product releases and depressing the share price," the investment group said. "We are skeptical that any transaction with Microsoft (or a similar acquirer) would be viable, given the shift in the climate of anti-trust enforcement, as well as evident sources of potential harms to competition stemming from the merger. Activision shareholders would be better served by replacing the incumbent board with directors that would allow the company to assume its real potential, including actively engaging with and empowering Activision Blizzard employees in their effort to rebuild the corporate culture and restore the company's reputation." Megan Farokhmanesh at Axios noted that SOC owns a "small percentage" of Activision Blizzard stock. Reference Link
NVIV

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16:31 EDT InVivo Therapeutics announces 1-for-25 reverse stock split - InVivo Therapeutics "announced a 1-for-25 reverse stock split of its common stock and a proportionate reduction in its authorized common stock. The company anticipates the reverse stock split will become effective at 5:00 p.m. Eastern Time on April 26, 2022, and shares of InVivo Therapeutics common stock will trade on a post-split basis under the company's existing trading symbol, "NVIV," at the market open on April 27, 2022."
VNO

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16:22 EDT Vornado director Fascitelli sells 119,100 common shares - In a regulatory filing, Vornado Realty Trust director Michael Fascitelli disclosed the sale of 119,100 common shares of the company on April 13 at a price of $41.9724 per share.
SBGI CHTR

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16:18 EDT Sinclair Broadcast, Charter reach comprehensive distribution agreement - Sinclair Broadcast Group (SBGI) and Charter Communications (CHTR) have reached a comprehensive distribution agreement for continued carriage of Sinclair's owned local broadcast stations, Tennis Channel, 19 Bally Sports RSN brands, Marquee Sports Network and the YES Network, in which Sinclair is a joint venture partner. Terms of the agreement were not disclosed.
NKLA

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16:17 EDT Nikola to decrease board size to nine - Nikola announced that Sophia Jin will be completing her three-year term on Nikola's board of directors and will be retiring from the board after this year's annual meeting in June. Nikola does not intend to replace Jin's position, and will decrease the size of its board from ten to nine.
CEQP

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16:16 EDT Crestwood Equity increases quarterly cash distribution by 5% - Crestwood Equity Partners announced that the board of its general partner has declared the partnership's quarterly cash distribution of 65.5c per limited partner unit for the quarter ended March 31, which represents an approximate 5% increase quarter-over-quarter.
PINE

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16:16 EDT Alpine Income Property announces sale of single-tenant office for $38.8M - Alpine Income Property "announced the disposition of its single tenant office property located in Hillsboro, Oregon and net leased to Wells Fargo. The Property has 3.7 years of remaining lease term and was sold for $38.8 million, generating a gain on sale of $7.0 million. The Company utilized the proceeds from the sale of the Property as part of like-kind reverse 1031 exchanges. The Company's exit of its office property segment has generated combined gains on sale of $16.1 million."
NET

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16:13 EDT Cloudflare president Zatlyn sells $1.48M in company shares - Cloudflare president Michelle Zatlyn disclosed in a filing that she had sold 12,821 shares of company stock at $115.16 per share on April 12, for a total transaction amount of $1,476,484.
PBHC

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16:09 EDT Pathfinder appoints James Dowd interim president and CEO - The board of Pathfinder Bancorp, the bank holding company of Pathfinder Bank, announced the appointment of James Dowd as interim president and CEO, effective immediately. Thomas Schneider announced his resignation as president and CEO and a member of the board of the organization. Schneider will simultaneously transition to a new position as Director of Capital Markets and Corporate Strategy. Contributing to the timing of the decision was Schneider's desire to seek a less time-consuming role due to recent health issues and personal loss. Schneider will work to ensure a smooth transition for the company and intends to continue to contribute to the success of the company in his new role.
SDIG

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16:08 EDT Stronghold Digital Mining appoints Matthew Smith to CFO - Stronghold Digital Mining announced the appointment of Matthew Smith to the position of chief financial officer, effective April 18, succeeding Ricardo Larroude, who is leaving the Company to pursue other business interests. He will remain with Stronghold through May 15 to ensure a seamless transition. Mr. Larroude's departure does not relate to any disagreements between him and the Company relating to any financial reporting, accounting principles or practices of Stronghold. The Company thanks Mr. Larroude for his devotion to, and services on behalf of, the Company, as he was instrumental to Stronghold's growth in the past year, and the Company wishes him the best in his future endeavors.
VOR

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16:07 EDT Vor Bio says Slapak to retire as Chief Medical Officer as of May 6 - In a regulatory filing, Vor Biopharma stated that on April 11, the company and Christopher Slapak, M.D., Chief Medical Officer of the company, agreed that Dr. Slapak's employment with the company will terminate effective May 6, in connection with Dr. Slapak's retirement from the company.
IPAR

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16:07 EDT Inter Parfums will not renew Dunhill fragrance license when it expires next Sept - The company states: "Inter Parfums announced that its Dunhill fragrance license will expire on September 30, 2023 and will not be renewed. During the balance of the license, Inter Parfums will continue to produce and sell Dunhill fragrances under the same business conditions as in the past. Once the license expires, Inter Parfums has the right to sell-off its remaining Dunhill fragrance inventory for a limited time as is common in our industry."
SKX

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16:07 EDT Skechers changes segment reporting - Skechers announced that it has changed its segment reporting, as the company refined the way it views its business operations and decision-making. Effective the first quarter of 2022, the company will present segment results as Wholesale and Direct-to-Consumer. "The new segment reporting structure we unveiled today, improves the alignment between our external reporting and our management operations and strategy," said John Vandemore, Chief Financial Officer. "In addition, we also introduced enhanced disclosures intended to provide improved visibility and transparency into our global operations for investors, analysts and other key stakeholders. As we strive toward $10 billion in sales by 2026, we believe these reporting changes will further highlight the underlying power of our brand and strength in our business, and why we are confident in achieving this sales goal." The company has recast previously reported quarterly segment financial information for the years ended December 31, 2021 and 2020 to reflect its new reportable segments. The segment change has no impact on consolidated historical U.S. GAAP financial results.
NEXI

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16:03 EDT Neximmune promotes Mathias Oelke to Chief Scientific Officer - NexImmune has promoted Mathias Oelke to Chief Scientific Officer. Oelke is a scientific co-founder of NexImmune and joined NexImmune in 2014. Prior to his promotion, he served as Senior VP, Preclinical Immunotherapy and Head of Cell Biology of NexImmune since 2017.
CMLS

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15:40 EDT Cumulus Media Inc (Class A Stock) trading resumes
CMLS

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15:33 EDT Cumulus Media jumps 19%, halted after Reuters report on Warshaw-led bid
CMLS

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15:30 EDT Cumulus Media Inc (Class A Stock) trading halted, volatility trading pause
TWTR TSLA

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15:23 EDT Musk asks Prince Alwaleed about Twitter ownership, views on freedom of speech - After Saudi Prince Alwaleed said via Twitter earlier that he does not believe that the proposed offer by Elon Musk "comes close" to the intrinsic value of Twitter and that he would reject the offer as a significant holder of Twitter shares, Elon Musk stated in a tweeted reply: "Interesting. Just two questions, if I may. How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom's views on journalistic freedom of speech?" Reference Link
GORO

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15:17 EDT Gold Resource reports 11.729 gold equivalent ounces sold in Q1 - Gold Resource sold a total of 8,381 ounces of gold and 265,407 ounces of silver in Q1 for a gold equivalent total of 11,729 ounces. Additionally, the company sold 4,359 tons of zinc, 408 tons of copper and 1,639 tons of lead contributing to a strong cash balance of over $31M. Allen Palmiere, president and CEO said "2022 is off to a good start with strong production results at the Don David Gold Mine in Mexico and the feasibility study advancing at the Back Forty Project in Michigan. Our investment in capital and exploration progressed during the quarter, including the completion of the filtration plant and dry stack facilities in January accelerating our environmental stewardship efforts."
TWTR TSLA

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15:11 EDT Musk tweets will try to keep as many shareholders in Twitter as 'allowed by law' - Elon Musk, the CEO of Tesla (TSLA) and largest shareholder of Twitter (TWTR), tweeted: "Will endeavor to keep as many shareholders in privatized Twitter as allowed by law," echoing comments the executive made earlier while being interviewed at a TED event. Reference Link
GOOG GOOGL

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14:58 EDT YouTube, MLB renew pact over MLB Game of the Week Live - Alphabet's YouTube and Major League Baseball announced the renewal of their longstanding partnership and the return of MLB Game of the Week Live on YouTube, featuring 15 games throughout the 2022 regular season, streamed live, for free, to fans around the world in 182 countries. This season's MLB Game of the Week Live on YouTube premieres on May 5 at 3:10 p.m. ET, with the Washington Nationals facing off against the Colorado Rockies. Today's announcement marks the fourth season of this live streaming deal between YouTube and MLB, and continues the decade-long relationship between the two companies.
INDO

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14:45 EDT Indonesia Energy Corporation Limited trading resumes
INDO

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14:40 EDT Indonesia Energy Corporation Limited trading halted, volatility trading pause
META FB

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14:32 EDT WhatsApp debuts Communities, new tools for administrators to monitor abuse - In a blog posting, the WhatsApp team said, in part: "We are building Communities on WhatsApp for close-knit groups that need more tools to organize and manage their conversations. These kinds of groups typically have a connection where people know one another and are organized around a common place or interest. Parents at a school, local clubs, and even small workplaces now rely on WhatsApp as their primary way of keeping people up to date...At the center of every Community on WhatsApp is a description and menu of groups that people can choose to join... We are building a number of updates to provide private, safe, and secure ways for these groups to communicate on WhatsApp with the following principles as our guide." Updates include, "new tools for admins to manage conversations among their private groups. Admins are responsible for creating and managing Communities on WhatsApp." "In addition to providing new tools for admins, users can control their interactions within Communities. Our existing settings allow users to decide who can add them to a group - and these settings will also apply to Communities," said the statement from WhatsApp. "While other apps provide group chats without limits, WhatsApp is focusing our product development on meeting the needs of organizations and other groups where many people know one another already. Unlike social media and other messaging services, WhatsApp will not support the ability to search for or discover new Communities on our service." Additionally, WhatsApp said it continues "to constrain forwarding on WhatsApp to keep conversations private With the introduction of Communities, messages that have already been forwarded will only be able to be forwarded to one group at a time, rather than five, which is today's forward limit" and also "will continue to protect messages with end-to-end encryption so that only the members of the respective groups can see them and no one else. This security technology protects the sensitive conversations among organizations, workplaces, and personal groups." Reference Link
IIPR

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14:27 EDT Innovative Industrial Properties calls short report 'flawed' and 'misleading' - Innovative Industrial Properties announced "that it is aware of a short-seller report released earlier today, that contains numerous false and misleading statements about IIP. Similar to a short-seller report previously issued in 2020, this short-seller report is flawed and demonstrates a basic lack of understanding of commercial real estate generally, the regulated cannabis industry and IIP's straightforward, simple business model." The company added: "In particular, it is IIP's opinion that this short-seller fails to have any comprehension of the scope of significant infrastructure improvements that are needed for the transformation of a standard industrial building to a mission-critical facility with the enhanced environmental controls and other building systems necessary for regulated cannabis cultivation and processing. In addition, the writers do not understand the process that IIP employs for underwriting those improvements, and that any IIP reimbursements relate only to verified, qualified improvements to the buildings for these purposes, and never as funding for any type of "loan" to be utilized for any other purpose. Given the flawed nature and disinformation contained in this short-seller report, other than the clarification set forth above, the short-seller report's content does not warrant a response from IIP. "
IIPR

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14:26 EDT Innovative Industrial says short report has 'false and misleading statements'
WORX

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14:24 EDT SCWorx reaches deal in principle with SEC staff to resolve previous matter - SCWorx Corp announced that the company has reached an agreement in principle, subject to approval by the Securities and Exchange Commission, to resolve the SEC matter arising out of the company's April 13, 2020 press release and the events thereafter. As disclosed in the SCWorx 10-K filed on March 31, 2022, the company received a Wells Notice from the Staff of the SEC on December 8, 2021 and an amended Wells Notice on December 10, in which the Staff made a preliminary determination to recommend that the SEC file an enforcement action against the company and seek, among other things, an injunction, fines and disgorgement. Subject to approval by the SEC, the company and the SEC Staff have agreed to resolve the matter through the company's payment of a civil monetary penalty of $125,000, payable in 4 equal installments over 12 months. In addition to final approval by the SEC, the settlement is subject to the negotiation and court approval of a consent judgment. The company is hopeful that the agreement will be approved by the SEC, however, there is a possibility that the SEC Staff's recommendation of this agreement may not be approved by the Commission or that the court may not approve the consent judgment. In the event the SEC does not approve the Staff's recommendation, the company will endeavor to resume settlement discussions with the SEC Staff. Upon final approval and subsequent entry of a consent judgment against the company, the settlement will resolve the previously disclosed SEC investigation against the company.
AMD...

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14:06 EDT Worldwide semiconductor revenue grew 26% in 2021, Gartner says - In an earlier release, research and advisory firm Gartner said in part: "Worldwide semiconductor revenue totaled $595B in 2021, an increase of 26.3% from 2020, according to final results by Gartner. "The events behind the current chip shortage continue to impact original equipment manufacturers or OEMs, around the world, but the 5G smartphone ramp up and a combination of strong demand and logistics/raw material price increases drove semiconductor average selling prices, ASPs, higher, contributing to significant revenue growth in 2021," said Andrew Norwood, research vice president at Gartner.The most significant shift among the semiconductor vendor ranking in 2021 was HiSilicon dropping out of the top 25. "HiSilicon's revenue declined 81%, from $8.2B in 2020 to $1.5B in 2021," said Norwood. "This was a direct result of the U.S. sanctions against the company and its parent company Huawei...2021 saw strong demand return to the automotive and industrial markets compared to the weak, COVID-disrupted market in 2020. The automotive market outperformed all other end markets, growing 34.9% in 2021. Wireless communications, which is dominated by smartphones, saw growth of 24.6%. The number of 5G handsets produced reached 556 million in 2021, up from 251 million units in 2020, and enterprises upgraded their Wi-Fi infrastructure for employees heading back to the office. Driven by DRAM, memory accounted for 27.9% of semiconductor sales in 2021 and experienced 33.2% revenue growth, increasing $41.3 billion over the previous year. Memory continued to benefit from the key demand trend in the last couple of years - the shift to home/hybrid working and learning. This trend fueled increased server deployments by hyperscale cloud service providers to satisfy online working and entertainment, as well as a surge in end-market demand for PCs and ultramobiles. Samsung Electronics (SSNLF) regained the top spot from Intel (INTC) for the first time since 2018, though by less than a percentage point, with revenue increasing 28% in 2021 . Intel's revenue declined 0.3%, garnering 12.2% market share compared to 12.3% market share for Samsung. Within the top 10, AMD and Mediatek experienced the strongest growth in 2021 at 68.6% and 60.2% growth, respectively." Publicly traded companies in the space include AMD (AMD), Intel , Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) Texas Instruments (TXN) Samsung (SSNLF) KLA Corp. (KLAC), Applied Materials (AMAT), TSMC (TSM) and Lam Research (LRCX). Reference Link
VUZI

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14:00 EDT Street 'significantly undervalues' Vuzix's IP position, CEO tells The Fly
VUZI

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14:00 EDT Vuzix CEO says medical side of business not slowing down
VUZI

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14:00 EDT Vuzix CEO says 2022 going to be 'bigger year'
TWTR TSLA

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13:42 EDT Musk sees having 'sufficient assets' to do a deal for Twitter - Asked whether he has "funding secured" for a deal to buy Twitter (TWTR), Elon Musk said he has "sufficient assets" to get a deal completed if a deal is possible. He then added about his prior tweet regarding having "funding secured" to buy Tesla (TSLA) that "funding was actually secured" for that deal. Musk said he was "forced to concede" to the SEC regarding his prior Tesla take-private tweet. Musk made the comments while speaking at an event hosted by TED.
TWTR

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13:37 EDT Eliminating 'spam and scam bots' would be top priority at Twitter, Musk says - Elon Musk is speaking at a TED event, during which he is discussing his offer to buy Twitter and take the company private. Asked about concerns over "the world's richest man" owning a powerful communication platform, Musk said the platform should be very transparent about its algorithm, which should be made open source, and regarding users making changes to tweets. If he were to gain control of Twitter, his "top priority" would be to eliminate "spam and scam bots" on the platform, Musk said.
TWTR

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13:32 EDT Musk says 'not sure' he'll be able to buy Twitter, but can afford it - Elon Musk is speaking at a TED event, during which he is discussing his offer to buy Twitter and take the company private. During the interview at the TED event, Musk said he is "not sure" he'll actually be able to buy Twitter, but that he can "technically" afford it, adding he does not care about the economics "at all." He added that his aim would be to retain as many shareholders as is legal. Musk also said he believes if speech is in a gray area, it should be allowed to exist on the platform and that timeouts for questionable speech would be better than user bans.
LAC

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13:24 EDT Lithium Americas announce submission of formal application for DOE loan program - Lithium Americas announced the company has submitted a formal application to the US Department of Energy, or "DOE," Loan Programs Office for funding to be used at its 100%-owned Thacker Pass lithium project in Humboldt County, Nevada through the Advanced Technology Vehicles Manufacturing Loan Program, or ATVM loan program. The ATVM loan program is designed to provide loans for facilities located in the United States for the manufacturing of advanced technology vehicles and qualifying components used in those vehicles, the company noted. "The submission is not an assurance that Lithium Americas will secure funding from the ATVM Loan Program and additional steps remain in the process," the company said. "Thacker Pass is a unique, large-scale and advanced-stage lithium project representing one of the most significant opportunities to create a domestic lithium supply chain to support the production of electric vehicles in the US. We are pleased to submit our formal loan application and look forward to progressing through the ATVM Loan Program process to accelerate development of Thacker Pass. We are very excited to become a leading supplier of domestic critical materials to support the growth of the domestic battery and electric vehicle industry in response to increased demand and interest from US-based consumers," said Jonathan Evans, President and CEO.
CF UNP

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13:10 EDT CF Industries says Union Pacific curtails fertilizer shipments - CF Industries (CF) announced that it has informed customers it serves by Union Pacific (UNP) rail lines that railroad-mandated shipping reductions would result in nitrogen fertilizer shipment delays during the spring application season and that it would be unable to accept new rail sales involving Union Pacific for the foreseeable future. "The company understands that it is one of only 30 companies to face these restrictions," CF Industries noted in its press release. CF Industries ships to customers via Union Pacific rail lines primarily from its Donaldsonville Complex in Louisiana and its Port Neal Complex in Iowa. The rail lines serve key agricultural areas such as Iowa, Illinois, Kansas, Nebraska, Texas and California. Products that will be affected include nitrogen fertilizers such as urea and urea ammonium nitrate, or UAN, as well as diesel exhaust fluid, or DEF, the company noted. "On Friday, April 8, Union Pacific informed CF Industries without advance notice that it was mandating certain shippers to reduce the volume of private cars on its railroad effective immediately. The company was told to reduce its shipments by nearly 20%. CF Industries believes it will still be able to fulfill delivery of product already contracted for rail shipment to Union Pacific destinations, albeit with likely delays. However, because Union Pacific has told the company that noncompliance will result in the embargo of its facilities by the railroad, CF Industries may not have available shipping capacity to take new rail orders involving Union Pacific rail lines to meet late season demand for fertilizer," the company added. CF Industries intends to engage directly with the federal government to ask that fertilizer shipments be prioritized so that spring planting is not adversely impacted, CF stated. Tony Will, president and chief executive officer, CF Industries Holdings, said: "CF Industries' North American manufacturing network continues to produce at a high rate to meet the needs of customers, farmers and consumers. We urge the federal government to take action to remove these Union Pacific rail shipment restrictions to ensure this vital fertilizer will be able to reach U.S. farmers when and where they need it."
BKR

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13:02 EDT Baker Hughes reports U.S. rig count up 4 to 693 rigs - Baker Hughes reports that the U.S. rig count is up 4 from last week to 693 with oil rigs up 2 to 548, gas rigs up 2 to 143 and miscellaneous rigs unchanged at 2. The U.S. Rig Count is up 254 rigs from last year's count of 439 with oil rigs up 204, gas rigs up 49 and miscellaneous down 1 to 1. The U.S. Offshore Rig Count is unchanged at 12, unchanged year-over-year. The Canada Rig Count is down 8 from last week to 103, with oil rigs down 4 to 49, gas rigs down 4 to 54. Canada Rig Count is up 47 rigs from last year's count of 56, with oil rigs up 32, gas rigs up 15.
TSLA TWTR

Hot Stocks

13:01 EDT Tron's Justin Sun says would offer $60 per share for Twitter - Tron Founder Justin Sun tweeted earlier this morning: "I believe @Twitter is far from unleashing its full potential, thus I am offering $60 per share to take the platform private. But we fully support the reform initiatives of @elonmusk and would love to see Twitter becoming crypto-native and Web3 friendly." Sun's tweet came after Elon Musk disclosed in a filing with the SEC that he had delivered a letter to Twitter which contained a non-binding proposal to acquire all of the outstanding common stock he does not already own for all cash consideration valuing the common stock at $54.20 per share.
BKR

Hot Stocks

13:00 EDT Baker Hughes reports U.S. rig count up 4 to 693 rigs
SONY...

Hot Stocks

12:54 EDT CD Projekt's 'Cyberpunk 2077' has sold over 18M units - CD Projekt (OTGLY) said that its 2020 game "Cyberpunk 2077" has sold over 18M units since its release. The game is available on PC, Xbox One (MSFT), Xbox Series X/S, PlayStation 4 (SONY), and PS5. Reference Link
JOBY

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12:51 EDT Joby Aviation to be featured on '60 Minutes' on Sunday, April 17 - Joby Aviation will be featured on '60 Minutes' on Sunday, April 17. According to a statement, "Anderson Cooper takes a look at what could be the next big thing in transportation: eVTOLs, electric vertical takeoff and landing aircrafts. Companies all around the world are spending billions of dollars to turn these battery-powered vehicles into air taxi services, promising a faster, safer and greener mode of transportation. Sound too good to be true? Cooper went for a ride to find out. Nichole Marks is the producer." Reference Link
AMZN

Hot Stocks

12:26 EDT D.C. asks court to reconsider dismissal of Amazon.com lawsuit - Washington D.C. Attorney General Karl Racine said via Twitter: "NEW: Today, we asked the court to reconsider its dismissal of our lawsuit against Amazon. We sued to stop Amazon's illegal anticompetitive behavior that hurts DC consumers and businesses that sell on the platform. We're confident the law and facts are on our side. In several of our lawsuits, we go up against the biggest, most powerful companies in the world. The Big 5 Tech companies are worth over $6 trillion. They're throwing everything at us to try to stop our lawsuits, but we're not going anywhere. We know our work standing up for consumers-particularly Black and brown consumers who are hit hardest by monopolization and worsening inequality -is too important for us to stand down."
STT

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12:26 EDT State Street now sees FY22 NII up 18%-20%
STT

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12:25 EDT State Street sees Q2 NII up 7%-9% sequentially
STT

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12:25 EDT State Street sees Q2 fee revenue down about 2% on sequential basis
MSFT...

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12:19 EDT Bandai Namco's 'Scarlet Nexus' reaches 2M players worldwide - Bandai Namco (NCBDY) said that its action role-playing game "Scarlet Nexus," which released in 2021, has reached 2M players worldwide, including "loyal fans on Xbox (MSFT) and PC Game Pass." The game is also available on PlayStation 4 (SONY) and PS5. Reference Link
SGU

Hot Stocks

12:17 EDT Star Group increases quarterly distribution to 15.25c per unit - Star Group announced that it has increased its quarterly distribution for the three months ended March 31, 2022 to 15.25c per common unit from 14.25c per common unit. Record date: April 25, 2022; Payment date: May 3, 2022.
LFLY

Hot Stocks

12:06 EDT Leafly names Deidre Boulware Chief People Officer - Leafly Holdings announced that Deidre Boulware will join the company as Chief People Officer. "Deidre will lead Leafly's people organization including talent acquisition and sourcing, talent management and development, and total rewards. Deidre will also lead the development and implementation of the company's enterprise-wide equity, diversity and inclusion strategy that fosters employee success, growth and career development," the company said. Prior to joining Leafly, Deidre served as Vice President and Head of Talent, Development & Diversity for American Century Investments.
DRTT

Hot Stocks

12:04 EDT 22NW says ISS supports addition of three of its nominees to DIRTT board - 22NW Fund, the largest shareholder of DIRTT Environmental Solutions with ownership of approximately 19% of the Company's outstanding shares, announced that independent proxy advisory firm Institutional Shareholder Services has recommended DIRTT shareholders vote for boardroom change on the WHITE proxy card. In particular, ISS supports the addition of three 22NW nominees - Aron English, Ken Sanders and Mary Garden - to DIRTT's Board of Directors. In its full report, ISS affirmed 22NW's case for urgent boardroom change at DIRTT: "The board has acted in a clearly defensive manner in this campaign, including bringing a suit against and seeking to disenfranchise its two largest shareholders, and not convening a special meeting after a shareholder requisition and instead waiting six months until the annual meeting...Further, the board, especially its two longer tenured members, is accountable for a lack of CEO succession planning...The company is in turmoil, with its fourth CEO in four years, and an ongoing search for a fifth CEO...The board's claim that it was open to including English as a director appears disingenuous given it knew a seat would open up a month before English asked for a seat, and then chose to reduce the size of the board after the CEO termination...The board has stated it was clearly apparent that it needed to terminate its former CEO, yet directors Lillibridge and Karkkainen must take some responsibility for this, as they are the only directors on the board who were serving at the time of O'Meara's hiring." With respect to 22NW's director candidates, ISS noted: "The dissident has assembled nominees with relevant design, architecture, and real estate experience in Sanders and Garden, and English would provide representation from the company's largest shareholder on the board as it identifies its next CEO....Shareholders can only choose candidates from a single slate, and given the dissident has made a case for change and presented viable candidates, the choice of the dissident card is clear."
STT

Hot Stocks

12:04 EDT State Street: Direct exposure to Russia, Ukraine 'very small' - Comments taken from Q1 earnings conference call.
NVTA

Hot Stocks

12:00 EDT Invitae falls -7.4% - Invitae is down -7.4%, or -52c to $6.53.
GXO

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12:00 EDT GXO Logistics falls -9.4% - GXO Logistics is down -9.4%, or -$5.87 to $56.34.
DLNG

Hot Stocks

12:00 EDT Dynagas LNG falls -12.4% - Dynagas LNG is down -12.4%, or -45c to $3.17.
LABD

Hot Stocks

12:00 EDT Daily S&P Biotech Bear 3x Shares rises 7.7% - Daily S&P Biotech Bear 3x Shares is up 7.7%, or $2.57 to $35.86.
CXW

Hot Stocks

12:00 EDT CoreCivic rises 13.5% - CoreCivic is up 13.5%, or $1.58 to $13.28.
RENN

Hot Stocks

12:00 EDT Renren rises 13.7% - Renren is up 13.7%, or $3.15 to $26.09.
TWTR

Hot Stocks

11:58 EDT Twitter shares turn negative after Musk bid, drop 38c to $45.47
TWTR

Hot Stocks

11:55 EDT Prince Alwaleed, Kingdom Holding reject Musk offer for Twitter - Saudi Prince Alwaleed said via Twitter: "I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter @Kingdom_KHC & I reject this offer."
C

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11:22 EDT Citi will assess level of buybacks on quarter to quarter basis
C

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11:15 EDT Citi CEO Jane Faser says she recently recovered from Covid
C

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11:12 EDT Citi seeing 'significant interest' in Citibanamex from potential suitors
C

Hot Stocks

11:11 EDT Citi: Macro, geopolitical environment creates headwinds for capital ratios - The macro and geopolitical environment is creating headwinds and tailwinds for capital ratios this year, CEO Jane Fraser said.
C

Hot Stocks

11:07 EDT Citi CEO says macro outlook for rest of the year is complex, uncertain - Doesn't see robust activity in capital markets until geopolitical sentiment resumes, CEO Jane Faser said. Comments taken from Q1 earnings conference call.
PTON

Hot Stocks

11:05 EDT Peloton Interactive trading resumes
PTON

Hot Stocks

11:04 EDT Peloton jumped 1% to $25.28 before halt after Bloomberg report
SBGI

Hot Stocks

11:02 EDT Sinclair Broadcast, USSI Global announce datacasting pilot - Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) and USSI Global announced that they will partner to offer the nation's first commercial datacasting service using the NextGen Broadcast standard. The pilot program will deliver local content, advertising, and data files to the rapidly growing Electric Vehicle Charging station market. Validating the promise of datacasting as a commercial service for broadcasters, USSI Global will combine its digital signage and managed services expertise with Sinclair's NextGen Broadcast capabilities to provide this first-of-a-kind datacasting offering. The USSI Global/Sinclair pilot program will confirm the ability to support EV Charging systems with dedicated content in select markets, refine the system design, optimize presentation of content, collect audience data, validate financial assumptions, and uncover unknowns. Sinclair will leverage existing content and advertising capabilities using NextGen Broadcast capabilities. The pilot program will require wireless delivery, storage and integration of data into USSI Global's ecosystem and will demonstrate a capability that can be scaled across the country.
PTON

Hot Stocks

11:00 EDT Peloton Interactive trading halted, volatility trading pause
ANGH

Hot Stocks

10:32 EDT Anghami, TOD partner for sports, entertainment content - Anghami and TOD have announced a strategic partnership that will see a curated selection of TOD's sports and entertainment programming available on Anghami starting this holy month of Ramadan. Unveiled earlier this month, TOD, a subscription based over-the-top platform, offers more than 10,000 hours of premium entertainment and sports content including blockbusters, top Arabic, Turkish, international, and children's programming, together with a range of outstanding new TOD Originals. The companies said, "This strategic move, which aims to further diversify Anghami's vast selection of content and enrich its user experience, will give fans the opportunity to enjoy exclusive beIN Sports audio content on Anghami. This will include major football league games roundups as well as daily live updates and interviews with premier footballers. Anghami subscribers will also receive a one-month package to TOD Entertainment where they will have access to all the platform's world class content."
WFC

Hot Stocks

10:20 EDT Wells Fargo expects Q2 originations, margins to remain under pressure
WFC

Hot Stocks

10:19 EDT Wells Fargo CFO: FY NII could be up by mid-teens percentage basis from 2021
WFC

Hot Stocks

10:15 EDT Wells Fargo sees 'significantly lower' buybacks in Q2, CFO says
KSS

Hot Stocks

10:13 EDT Kohl's CEO says selected bidders asked to 'further refine their offers' - In a regulatory filing, Kohl's shared a transcript of a video that CEO Michelle Gass sent to associates on April 13, in which Gass is quoted as having stated in part: "I want to take a few minutes today to speak to you about some of the things that are going on with Kohl's, both of which I have talked to you about before, and where there has been quite a bit of news of late. These are two discreet, yet connected issues that we're currently navigating. The first is an activist campaign that will culminate in a shareholder vote on May 11. The second, which is somewhat amplified by the activist, is an evaluation of what we call, expressions of interest - or potential bidders - who are exploring the opportunity to buy Kohl's, which may involve taking us from a public company to a private company. Before we get into the details of all of this, let me just make one thing really clear - we are a very healthy company. We have a great strategy in place, we just posted record results for 2021, and we are in the midst of scaling one of the biggest and most transformational initiatives that this company has ever had, with Sephora... When a company doesn't settle with an Activist investor, this results in both the company and the activist presenting their proposed directors to be voted on by shareholders at the annual meeting. Macellum has nominated ten directors, which is what we call a control slate, up against our 13 existing directors. Settling this year is unlikely, which means this will culminate in a vote at our annual shareholders meeting that is set for May 11... I am confident that they are the right Board to continue to lead our team and oversee our strategy. In contrast, the activists' nominees lack experience, with 6 of their 10 never having served on a public company Board... As we've had some expressions of interest to buy the company, the board has tapped the Finance Committee of the Board, and they have hired one of the most respected financial advisors in the world, Goldman Sachs, to help us drive this process -- and collectively, they are doing a very thorough job. They're evaluating what has come to us and they have done proactive outreach - all in the spirit of making sure that if this is the path that Kohl's should go down, that we are maximizing the way we go about it. They've engaged with over 25 parties and we've now moved onto the next phase where we've asked selected bidders to further refine their offers and to secure financing. They are doing a lot of diligence and homework, and we have provided access to thousands of documents and lots of data to help facilitate this process-- all of which is a very normal part of vetting. But let me be clear -- this does not necessarily mean we are selling the company, and no decisions have been made at this time. The board is doing its job in representing our shareholders to evaluate alternatives and other options - and all of those explorations are being held up against the current strategy that we're executing. The plan we're executing is very powerful and it will deliver substantial value to our shareholders - so that's a high bar that the board is looking at when evaluating these alternatives."
WFC

Hot Stocks

10:12 EDT Wells Fargo sees FY effective tax rate 18%
NSC

Hot Stocks

10:12 EDT Norfolk Southern offers $5,000 conductor starting bonuses in three new locations - Norfolk Southern announced the expansion of its conductor trainee incentive program to three new priority locations. Conductor trainees in Bellevue, Ohio; Elkhart, Indiana; and Fort Wayne, Indiana are now eligible to receive starting bonuses of $5,000. Other priority locations for Norfolk Southern include: Binghamton, New York; Birmingham, Alabama; Buffalo, New York; Chattanooga, Tennessee; Cincinnati, Ohio; Conway, Pennsylvania; Harrisburg, Pennsylvania; Linwood, North Carolina; Louisville, Kentucky; Manassas, Virginia; Roanoke, Virginia; and Sheffield, Alabama.
WFC

Hot Stocks

10:12 EDT Wells Fargo on track for 10% ROTCE on run-rate basis in 2022, CEO says
OLO

Hot Stocks

10:10 EDT Olo, SOCi partner for SOCi integration with Olo API - SOCi and Olo announced a strategic partnership whereby SOCi will integrate with the Olo API, allowing Olo data to pass through to the SOCi platform and its industry-leading localized listings management solutions.
WFC

Hot Stocks

10:09 EDT Wells Fargo CEO: Loan growth should drive higher NII in 1H
XOM

Hot Stocks

10:08 EDT Exxon Mobil begins design studies for South East Australia CCS hub - ExxonMobil said it is undertaking early front-end engineering design studies to determine the potential for carbon capture and storage to reduce greenhouse gas emissions from multiple industries in the Gippsland Basin. The South East Australia carbon capture and storage hub would initially use existing infrastructure to store CO2 in the depleted Bream field off the coast of Gippsland, Victoria. The company is in active discussions with local industries which may be interested in accessing the SEA CCS hub to reduce emissions from their operations. The project is designed to capture up to 2 million metric tons of CO2 per year. If technical and business feasibility is confirmed, the SEA CCS hub could be operational by 2025.
WFC

Hot Stocks

10:04 EDT Wells Fargo has 'minimal' direct exposure to Russia, Ukraine - Comments taken from Q1 earnings conference call.
GNS

Hot Stocks

10:00 EDT GNS Stock trading resumes
RKLY

Hot Stocks

10:00 EDT Rockley Photonics falls -6.0% - Rockley Photonics is down -6.0%, or -28c to $4.38.
GXO

Hot Stocks

10:00 EDT GXO Logistics falls -7.2% - GXO Logistics is down -7.2%, or -$4.45 to $57.76.
SGHC

Hot Stocks

10:00 EDT Super Group falls -9.0% - Super Group is down -9.0%, or -99c to $10.06.
RAD

Hot Stocks

10:00 EDT Rite Aid rises 9.7% - Rite Aid is up 9.7%, or 73c to $8.22.
CXW

Hot Stocks

10:00 EDT CoreCivic rises 10.8% - CoreCivic is up 10.8%, or $1.27 to $12.96.
RENN

Hot Stocks

10:00 EDT Renren rises 11.2% - Renren is up 11.2%, or $2.57 to $25.51.
GS

Hot Stocks

10:00 EDT Goldman Sachs says well positioned to achieve financial targets - Says better positioned as a business than five years ago. Says direct exposure to Russia "limited." Expects trend towards de-globalization to rise. Says investment banking backlog "remains robust." Says no material decline in credit metrics to date. Says has "significant confidence in forward momentum as an organization." Expects Q2 share repurchases to be "reasonably consistent" with Q1. Comments taken from Q1 earnings conference call.
F

Hot Stocks

09:50 EDT Ford reports Q1 China sales down 18.8% to about 125,000 units - Ford Motor Company sold approximately 125,000 units in China in the first quarter of 2022, a sales decrease of 18.8% year-over-year due to continued semiconductor shortages and resurgent pandemic-related restrictions, the company said. Ford added this "masks the company's better-than-industry performance in critical growth segments of luxury and commercial vehicles." Ford added: "In a down market, Lincoln continues its growth trajectory, with year-over-year sales rising 0.8%, while Ford brand commercial vehicles outperformed the overall commercial segment, on sales of approximately 51,000 units." Reference Link
VERU

Hot Stocks

09:47 EDT Veru trading resumes
PCG

Hot Stocks

09:47 EDT PG&E falls -5.0% - PG&E is down -5.0%, or -65c to $12.21.
WFC

Hot Stocks

09:47 EDT Wells Fargo falls -6.1% - Wells Fargo is down -6.1%, or -$2.97 to $45.57.
GXO

Hot Stocks

09:47 EDT GXO Logistics falls -7.2% - GXO Logistics is down -7.2%, or -$4.49 to $57.72.
BBAI

Hot Stocks

09:47 EDT BigBear.ai rises 6.7% - BigBear.ai is up 6.7%, or 85c to $13.54.
RENN

Hot Stocks

09:47 EDT Renren rises 10.1% - Renren is up 10.1%, or $2.31 to $25.25.
RAD

Hot Stocks

09:47 EDT Rite Aid rises 18.0% - Rite Aid is up 18.0%, or $1.35 to $8.84.
VERU

Hot Stocks

09:42 EDT Veru trading halted, volatility trading pause
LEGA

Hot Stocks

09:35 EDT Lead Edge Growth Opportunities Ltd (Class A Stock) trading resumes
GNS

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09:35 EDT GNS Stock trading halted, volatility trading pause
ESCA

Hot Stocks

09:35 EDT Escalade trading resumes
UNH

Hot Stocks

09:32 EDT UnitedHealth says considerable variations in care patterns due to COVID-19 - Says revenue backlog was $22.8B. Says expects seasonal patterns to be more consistent with historical precedents. Says still seeing pockets of differentiation. Says a lot of M&A runway left. Says pipeline of opportunities is as diverse as its ever been. Comments taken from Q1 earnings conference call.
IIPR

Hot Stocks

09:31 EDT Innovative Industrial 'an inflated cannabis bank,' short-seller Blue Orca says - Soren Aandahl from Blue Orca Capital made the case on ZeroesTV that Innovative Industrial Properties (IIPR) is "a cannabis bank, masquerading as a REIT" and sees "imminent risk of default" at Innovative's largest tenant. The short-seller also argues that the company has a real estate portfolio that "appears to be worth far less than the carrying value on IIPR's balance sheet," and sees a "significant deterioration in the financial health of its tenant portfolio." In early trading, Innovative Industrial Properties shares are down $7.44, or 4%, to $176.00. Reference Link
LEGA

Hot Stocks

09:30 EDT Lead Edge Growth Opportunities Ltd (Class A Stock) trading halted, volatility trading pause
ESCA

Hot Stocks

09:30 EDT Escalade trading halted, volatility trading pause
IIPR

Hot Stocks

09:28 EDT Innovative Industrial Properties down 2% after named as short idea by Blue Orca
MTTR

Hot Stocks

09:16 EDT Gilbane Building uses Matterport digital twins to cut project time - Matterport announced that Gilbane Building Company has realized 25 to 30 percent in cost and time savings by adopting Matterport digital twins to enable remote collaboration during its design, build program delivery. A family-owned organization with 150 years of experience, Gilbane has more than 50 offices in the United States and abroad in Japan, Ireland, and the United Arab Emirates and has standardized the use of Matterport across their U.S. portfolio. The company is currently engaged in an eight-year Americans with Disabilities Act improvement initiative with a national banking leader and will create Matterport digital twins of 1,100 branch locations.
BLNK

Hot Stocks

09:15 EDT Blink Charging expands through hardware, software upgrades, distribution deals - Blink Charging announced further international expansion through a variety of hardware and software upgrades and newly signed distribution agreements. Blink and its subsidiaries currently have equipment deployed or provide EV charging services in 18 countries. The Company has recently completed an international upgrade of the Blink Network, making the proprietary software available in 17 countries and US territories with local currency support and four languages. It expects to add another five countries to the Blink Network in the coming weeks. In addition, the Blue Corner Network, Blink's wholly owned subsidiary's network, is offered in four other European countries. The software enhancements include onboarding all hardware and EV driver members from the Greek joint venture, Blink Charging Hellas, onto the Blink Network. The addition of 210 EV chargers in Greece to the Blink Network will provide a more streamlined EV driver experience. Due to increased interest in EV charging infrastructure in Mexico, Chile, El Salvador, Guatemala, Uruguay, Costa Rica, Panama, Colombia, and Brazil, a variety of reseller and distribution agreements have been signed for Blink expansion in Latin America. These agreements allow Blink to quickly expand its footprint with local partners to provide Blink hardware and software across the region. Indeed, recently, the Company has deployed or sold Blink charging stations in Mexico, Chile, Colombia, Guatemala, El Salvador, Panama, Jamaica, and Aruba. As the Company expands internationally, it has also grown its international operations and support teams opening Blink entities in El Salvador, Chile, and Mexico. So far, Blink has hired 54 employees in territories outside the US to support its global expansion.
AMPL DOCU

Hot Stocks

09:15 EDT Amplitude appoints Lambert Walsh as company's first Chief Customer Officer - Amplitude (AMPL) announced the appointment of Lambert Walsh as its first Chief Customer Officer. With more than 25 years of experience, Walsh will lead Amplitude's customer success organization and partner with its customers to unlock insights, build winning products, and drive business growth. Walsh will join Amplitude's executive leadership team and report to Matt Heinz, Amplitude's Chief Revenue Officer. Walsh spent the last six years at DocuSign (DOCU), where he led customer success, professional services, solution consulting, and customer support as the Senior Vice President of Customer Success, more than doubling the company's customer base since 2019.
RIVN TIF

Hot Stocks

09:13 EDT Rivian Automotive appoints Anisa Kamadoli Costa as chief sustainability officer - Rivian Automotive (RIVN) announced the hiring of Anisa Kamadoli Costa as the company's chief sustainability officer, effective April 18. Anisa most recently held the position of chief sustainability officer at Tiffany (TIF) and chairman and president of the Tiffany & Co. Foundation. At Rivian, she will be responsible for the company's sustainability roadmap for both the business and its products, and will help lead Forever, the foundation that Rivian established at its initial public offering with 1% of equity - 8.3M shares. Anisa is the company's first chief sustainability officer and will report directly to Rivian's CEO, RJ Scaringe.
UEPS

Hot Stocks

09:12 EDT Net 1 UEPS completes acquisition of Connect Group - Net 1 UEPS Technologies announced that it has completed its acquisition of the Connect Group in South Africa, for ZAR 3.8B, or approximately $264M at an exchange rate of $1: ZAR 14.52. The acquisition of the Connect Group, a South African fintech company, is "transformational for Net1 in its journey to become South Africa's leading fintech platform," the company said. Quote from Chris Meyer, Net1 Group CEO said, "We welcome this landmark acquisition, which officially kickstarts our transformational journey of building a unique fintech platform, that will offer payment processing and financial services to both consumers and merchants, across the formal and informal sector. This ground-breaking deal strongly supports our shared mission to serve a burgeoning informal sector by providing financial inclusion, while simultaneously positioning the Company to benefit from secular tailwinds and multiple growth opportunities. Now that the acquisition is completed, we are looking forward to integrating the two companies and unlocking value for all our stakeholders. We are thrilled that the Connect Group CEO Steve Heilbron, with over two decades of financial services experience, will join the Net1 board with immediate effect and take up responsibility for spearheading our combined Merchant offering for the next year." Strategic Rationale: The acquisition of the Connect Group advances Net1's vision for the Company. The acquisition adds significant scale to Net1's B2B offering, bringing 44,000 micro, small and medium enterprises into the Merchant business segment. Funding: The transaction consideration of $264M was funded through existing cash resources of $147M, upsized net debt facilities of $93M and deferred equity consideration of $24M, consisting of approximately 3.2M shares of Net1 common stock, to be delivered over a three-year period. At closing, the leverage ratio on the $94 million of debt in the Connect Group, is expected to be less than 3.6x the expected EBITDA for the financial year ended February 28, 2022.
SBOW

Hot Stocks

09:11 EDT SilverBow acquires Sundance, Sandpoint for $354M and $71M respectively - SilverBow Resources announced it has entered into a definitive agreement to acquire substantially all of the assets of Sundance Energy for a total purchase price of $354M and up to $15M of contingent payments based on future commodity prices. The Sundance transaction, which is expected to close in the third quarter of 2022, has been unanimously approved by the Boards of Directors of both companies. The closing of the transaction is subject to SilverBow shareholder approval and satisfaction or waiver of customary closing conditions. Sean Woolverton, SilverBow's Chief Executive Officer, commented, in part: "SilverBow has a disciplined approach towards growth based on our strict investment criteria. Today's transformative news builds on our recent series of transactions while advancing a number of our strategic objective...Mr. Woolverton commented further, "There is strong industrial logic for these acquisitions as the acreage overlap will allow SilverBow to drive synergies and optimize development plans. We estimate we have the ability to generate approximately $450M of incremental free cash flow through 2024, with total SilverBow pro forma free cash flow greater than a $1.0B. The aggregate purchase price of approximately $354M consists of $225M in cash, subject to customary closing adjustments, and 4.1M shares of SilverBow common stock valued at $129 million based on its 30-day volume weighted average price as of April 8, 2022. Up to an additional $15M of contingent payments may be payable to Sundance based upon future commodity prices. In addition to customary closing adjustments, SilverBow will benefit from a $16.5M downward adjustment to cash consideration at close related to the assumption of Sundance's existing hedge book. SilverBow intends to fund the cash portion of the consideration, fees and expenses with cash on hand and borrowings under its revolving credit facility. SilverBow also announced today that it has entered into a definitive agreement to acquire certain assets from SandPoint for a total purchase price of $71M. The oil and gas assets target the Eagle Ford and Olmos formations in La Salle and McMullen counties. The SandPoint transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close in the second quarter of 2022, subject to customary closing conditions.
MS

Hot Stocks

09:10 EDT Morgan Stanley: Deal advisory pipeline remains healthy
BREZ

Hot Stocks

09:08 EDT D-Orbit enters agreement with Beyond Gravity to supply Space Rider components - D-Orbit announced the signing of a subcontract with space company Beyond Gravity, under which D-Orbit will deliver lightweight carbon fiber-reinforced polymer, CFRP, tools and metallic structural components for the European Space Agency's Space Rider reusable space vehicle. The financial terms of the transaction were not disclosed. D-Orbit was selected for its experience and established know-how in space projects. It will supply the CFRP tooling and metallic structural flight hardware components. The Space Rider spacecraft, which will be built by prime contractor Thales Alenia Space, is an automatic, uncrewed laboratory designed to perform technology demonstration and pharmaceutics, biomedicine, biology, and physical science experiments over missions lasting up to two months. Space Rider's maiden mission is expected to launch in 2023. D-Orbit has entered into a business combination agreement among Breeze Holdings Acquisition, a publicly traded special purpose acquisition company, D-Orbit and a newly formed joint stock company governed by the laws of the Grand Duchy of Luxembourg pursuant to which Holdco will become the publicly traded parent company of Breeze Holdings and D-Orbit upon the closing of the transactions.
LEXX

Hot Stocks

09:07 EDT Lexaria Bioscience announces data from HYPER-H21-3 study - Lexaria Bioscience announced that all data analyses from its simulated pulmonary hypertension clinical study HYPER-H21-3 have been successfully completed with safety and efficacy findings. The study findings indicated a tendency during 15 minutes of simulated low levels of oxygen for reduced pulmonary artery systolic pressure, or PASP, with DehydraTECH-CBD treatment versus placebo. Most notably, PASP was significantly attenuated by about 5 mmHg or 41% overall in male participants specifically suggesting differences by sex in responsiveness to CBD treatment under hypoxic stress conditions. These findings are complementary to Lexaria's growing body of evidence demonstrating the ability of DehydraTECH-CBD to reduce blood pressure, which it has shown across a wide variety of clinical presentations, ranging from individuals with differing degrees of "essential hypertension," the most common form of hypertension, to individuals with stress-induced simulated pulmonary hypertension as reported here. These new findings from HYPER-H21-3 will help direct prospective future research into the efficacy of DehydraTECH-CBD use for the management of elevations in pulmonary arterial pressure under hypoxic conditions, related hypoxemic pathologies and pulmonary hypertension. Lexaria intends to use the data from study HYPER-H21-3, together with the findings from its other previously announced studies that evidenced DehydraTECH-CBD's ability to lower human blood pressure, to support Lexaria's plans to seek approvals by the FDA to commence formal, registered clinical testing in the treatment of hypertension under the Investigational New Drug process. As in past studies, all study participants tolerated DehydraTECH-CBD well and no serious adverse side effects were recorded. Lexaria will continue to provide updates on its work towards IND filing as they become available.
BYSI

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09:06 EDT BeyondSpring files 2021 annual report on Form 20-F - BeyondSpring announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission on April 14, 2022.
FTNT

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09:06 EDT Fortinet, PGA Tour Canada announce long-term partnership - Fortinet and PGA TOUR Canada announced that Fortinet will sponsor the Tour's season-long points competition, the Fortinet Cup, an agreement that begins this season and runs through 2026. The two entities also announced that Fortinet will be the title sponsor of the Tour's season-ending and flagship event, starting this season, the Fortinet Cup Championship, taking place September 15-18 at Deer Ridge Golf Club in Kitchener, Ontario. "The Fortinet partnership with PGA TOUR Canada will benefit the community and local nonprofit organizations to help close the cybersecurity skills gap," the company said. Later this week, PGA TOUR Canada will announce the Fortinet Cup schedule, which will begin in early June and conclude with the Fortinet Cup Championship in mid-September
CRKN

Hot Stocks

09:04 EDT Crown Electrokinetics publishes research on wasted energy - Crown Electrokinetics published research developed in partnership with the Lawrence Berkeley National Laboratory - Berkeley Lab, estimating the value of wasted energy at more than $45 billion per year. In 2022 over $45 billion will be wasted in energy in the United States alone, with windows being the weakest link in the thermal envelope of a building, according to the research Crown developed in partnership with Berkeley Lab. In 2018, the team at Berkeley Lab estimated the value of this wasted energy at roughly $40 billion per year. Research available to the public, cited in articles about windows, energy waste and climate change, in specialist publications like ClimateWire and Architect Magazine and even by the cleantech accelerator Third Derivative provided a $40 billion estimate. With help from Berkeley Lab, Crown identified more recent data from the EIA on commercial and residential energy consumption and expenditures, and then applied that data to the current body of research on window energy waste. The team also looked at several years of data - from 2016 to 2019, the most recent year available - to identify any notable trends. What was found was not surprising, but still concerning: The cost of window energy waste has increased to more than $45 billion per year. Berkeley Lab's researchers aren't just studying the problem - they're working with the private sector to solve it, through a new DOE-funded collaborative, the Partnership for Advanced Window Solutions. The U.S. Department of Energy, Better Buildings, Northwest Energy Efficiency Alliance, Office of Energy Efficiency and Renewable Energy, U.S. Department of Energy, have committed significant funding programs available to find solutions to improve the efficiency of windows. Crown's proprietary DynamicTint technology has applications in the domestic and international commercial building markets, residential window, and skylights, as well as multiple transportation industries, contributing to reducing energy waste. The Company expects its prospective customers will take rational financial and environmental actions - like investing in smarter, more efficient windows and other energy-saving technologies - to save billions of dollars and accelerate the transition to net-zero carbon emissions at the same time.
TACO

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09:03 EDT Del Taco rolls out next iteration of 20 Under $2 menu, new Poppers drinks - Del Taco 20 Under $2 menu will include three new Chicken Cheddar Rollers. Del Taco's latest Poppers drinks are also back for a limited time in two new flavors, Purple Pear Lemonade Poppers and Purple Pear Sprite Poppers. "In the quick-service category, we are continuing to see value menus disappear at a time when guests need affordable, flavorful and fresh-made food more than ever. We want to continue to be first in their minds as the go-to solution when inflation continues to shrink their wallet," said Tim Hackbardt, Del Taco's Chief Marketing Officer. "To do this well, we know guests appreciate a wide variety of items and flavors rather than only three or four items or temporary discounted offers. Del Taco's New Chicken Cheddar Rollers deliver on this promise with three new flavors made with fresh ingredients at a price that guests can count on every day on our 20 Under $2 Menu. Additionally, although not part of our value menu, we are just as thrilled to launch our next fusion flavor bursting versions of our Poppers drinks with two new prickly pear and kiwi thirst quenchers"
FAT

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09:03 EDT Fat Brands appoints Michael Chachula as CIO - FAT Brands announces the hiring of its first chief information officer Michael Chachula. Chachula will be focused on delivering scalable, sustainable, and efficient technology platforms across the portfolio and franchise system to aid in the growth of the company. Most recently, Chachula was the Head of Digital and Revenue Growth for The Coffee Bean & Tea Leaf.
BRQS QCOM

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09:02 EDT Borqs Technologies successfully purchased 5G license with Qualcomm - Borqs Technologies (BRQS) provides the following updates on the company. The company has successfully signed a set of revised licensing agreements with Qualcomm (QCOM), which includes purchasing the 5G patent licensing agreement. These agreements enable the company to design and manufacture 5G products based on the Qualcomm latest technologies for customers worldwide. "The proliferation of 5G usage in connection with the Qualcomm 5G platforms will continue to make 5G more robust for adaptations beyond smartphones and extend into home connectivity, computing, industrial equipment, power grid management, and more," the company said.
INVO

Hot Stocks

09:02 EDT INVO Bioscience selects Kansas City as additional INVO Center location - INVO Bioscience plans to open an INVO Center in Kansas City, Missouri. The Kansas City INVO Center will focus on patients in need of advanced fertility care utilizing the INVOcell solution. The company currently has three operational INVO Centers treating patients in Birmingham, Alabama, Atlanta, Georgia, and Monterrey, Mexico, with others scheduled to open in the San Francisco and Tampa areas. INVO believes that Kansas City may have upwards of 33,000 patients suffering with Infertility.
VINE

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09:01 EDT Fresh Vine wine now available on Wine.com - Fresh Vine Wine announced its wines are now available on Wine.com, the nation's leading online wine retailer.
MS

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08:51 EDT Morgan Stanley CFO sees incremental NII up to $1B this year
MS

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08:50 EDT Morgan Stanley CFO: Q2 has started 'constructively'
MS

Hot Stocks

08:50 EDT Morgan Stanley sees FY tax rate in line with FY21, says CFO
LEXX

Hot Stocks

08:50 EDT Lexaria Bioscience completes all data analyses from HYPER-H21-3 study - Lexaria Bioscience announces that all data analyses from its simulated pulmonary hypertension clinical study HYPER-H21-3 have been successfully with positive safety and efficacy findings. The study findings indicated a tendency during 15 minutes of simulated low levels of oxygen for reduced pulmonary artery systolic pressure with DehydraTECH-CBD treatment versus placebo. Most notably, PASP was significantly attenuated by about 5 mmHg or 41% overall in male participants specifically suggesting differences by sex in responsiveness to CBD treatment under hypoxic stress conditions. These findings are complementary to Lexaria's growing body of evidence demonstrating the ability of DehydraTECH-CBD to reduce blood pressure, which it has shown across a wide variety of clinical presentations, ranging from individuals with differing degrees of "essential hypertension", the most common form of hypertension, to individuals with stress-induced simulated pulmonary hypertension as reported here. These new findings from HYPER-H21-3 will help direct prospective future research into the efficacy of DehydraTECH-CBD use for the management of elevations in pulmonary arterial pressure under hypoxic conditions, related hypoxemic pathologies, and pulmonary hypertension. Lexaria intends to use the data from study HYPER-H21-3, together with the findings from its other previously announced successful studies that evidenced DehydraTECH-CBD's ability to lower human blood pressure, to support Lexaria's plans to seek approvals by the U.S. Food and Drug Administration to commence formal, registered clinical testing in the treatment of hypertension under the Investigational New Drug process. As in past studies, all study participants tolerated DehydraTECH-CBD well and no serious adverse side effects were recorded. Lexaria will continue to provide updates on its work towards IND filing as they become available.
BKTI

Hot Stocks

08:48 EDT BK Technologies awarded $1.7M purchase order from USFS - BK Technologies Corporation announced that it has received a purchase order valued at $1.7 million from the United States Department of Agriculture Forest Service for its BKR 5000 portable communications technology. The purchase order is part of the Company's 5-year Blanket Purchase Agreement with the U.S. Department of Agriculture, announced in May 2021, and reflects the agency's commitment to its lifecycle replacement program designed to migrate to newer, more effective portable communications platforms. The United States Forest Service is an agency of the U.S. Department of Agriculture that administers the nation's 154 national forests and 20 national grasslands. The Forest Service manages 193 million acres of land.
MS

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08:47 EDT Morgan Stanley not accepting any new business in Russia, says CEO Gorman
XMTR

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08:47 EDT Xometry announces availability of Instant Pricing app in Onshape store - Xometry announced the immediate availability of the Xometry Instant Pricing app for PTC's Onshape, the cloud-native CAD product development platform that gives users the freedom to create on any device, anytime, anywhere. The Xometry Instant Pricing app for Onshape offers: Seamless instant quoting. With the proprietary, AI-driven Xometry Instant Quoting Engine(R), engineers and designers can instantly price parts in one integrated CAD workspace and make real-time design decisions; Instant in-app design-for-manufacturing feedback, saving time and creating greater speed to market Custom-part ordering, from 3D printing and CNC machining to sheet-metal fabrication, urethane casting and injection molding. Designers can also configure materials, finishes and other specifications to generate lead times.
CNDT

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08:47 EDT Conduent announces implementation of contactless EMV open payment system - Conduent Transportation announced the successful implementation and rollout of a contactless EMV open payment system on the STAR public transport network in the Rennes Metropole urban area of France. Approximately 353,000 riders a day use the STAR network, which is operated by Keolis. "Use of contactless payment continues to expand in France, and more broadly in Europe. The EMV installation on Rennes Metropole's STAR network represents the largest in France to date on a public transportation network," said Mark Brewer, President, Transportation Solutions at Conduent. "Transit users will benefit from the vision and investment by Rennes Metropole to create a smart city, modernize the network and enhance the travelling experience." Conduent fare collection systems are in use in more than 400 public transit networks of all sizes around the world
MS

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08:46 EDT Morgan Stanley sees loan growth in line with prior guidance of $5B per quarter
BBKCF

Hot Stocks

08:45 EDT Blockchain Intelligence Group enters partnership with AlphaPoint - BIGG Digital Assets, owner of Blockchain Intelligence Group announced a partnership with AlphaPoint. Blockchain Intelligence Group provides AlphaPoint clients a tool for fast, easy and accurate cryptocurrency risk monitoring with BitRank Verifie. Part of Blockchain Intelligence Group's Compliance Suite, a comprehensive suite of tools for cryptocurrency forensics and real-time risk mitigation, BitRank Verified is a scoring system that helps assess the risk of crypto addresses and transactions. It allows AlphaPoint clients to screen addresses before cryptocurrency transactions are processed, with real-time scoring flags for transactions or addresses associated with terrorism financing, money laundering, human trafficking, and dozens of other flags for criminal activity.
KC

Hot Stocks

08:45 EDT Kingsoft Cloud announces changes to board of directors - Kingsoft Cloud announced the appointment of Jingyuan Qu as an independent director of its board of directors, effective immediately, based on the recommendations of the nominating and corporate governance committee of the Board. The Board also appointed Qu as a member of the audit committee, the compensation committee, and the nominating and corporate governance committee, effective immediately. Qu will replace Kuiguang Niu who has resigned from his position as a member of the Board and the relevant committees, effective immediately. Jingyuan Qu has been the founding partner of Dajishi Technology since September 2019.
VLCN

Hot Stocks

08:44 EDT Volcon partners with TROPICARS to expand into 20 additional markets - Volcon has officially appointed TROPICARS as an authorized exporter of Volcon products, providing distribution access to over 20 additional markets throughout the Caribbean. The appointment will make Volcon products available for sale in the Caribbean territories including, Anguilla, Antigua & Barbuda, Aruba, Bahamas, Barbados, Bermuda, Bonaire, Cayman Islands, Curacao, Dominican Republic, Grenada, Guadeloupe, Haiti, Jamaica, Martinique, Montserrat, St. Barts, Saint Kitts & Nevis, Saint Lucia, St Vincent & the Grenadines, Trinidad & Tobago, Turks & Caicos, Virgin Islands. In addition to the distribution and sales of Volcon products, TROPICARS will also work closely with Volcon to develop region-specific marketing of the products and brand to ensure the success of sales to the new customer base.
CHRS

Hot Stocks

08:42 EDT Coherus Biosciences, Junshi announce orphan drug designation for toripalimab - Shanghai Junshi Biosciences and Coherus BioSciences announced today that the United States Food and Drug Administration has granted Orphan Drug Designation for toripalimab, a PD-1 inhibitor, for the treatment of small cell lung cancer, ODD is granted to drugs intended to treat rare diseases with a patient population less than 200,000 in the United States. The designation provides incentives to advance development and commercialization of drugs that have the potential to provide benefit to patients with rare diseases. SCLC is an aggressive tumor characterized by rapid disease progression, low expression of PD-L1 and low levels of tumor infiltrating immune cells, as well as a high degree of immunosuppression. Efficacy of cancer immunotherapy has been limited in SCLC. No PD-1 inhibitors are currently approved in the United States for SCLC. Prognosis for SCLC patients is poor, with five year survival rates of approximately 20% and less than 5% for patients with extensive stage SCLC. The JUPITER-08 study is an ongoing, randomized, double-blind, placebo-controlled, multi-center Phase 3 clinical trial evaluating PD-1 inhibitor toripalimab in combination with chemotherapy compared to placebo in combination with chemotherapy as the first-line treatment of extensive stage SCLC. Enrollment in this trial has been completed. The co-primary endpoints of the study are overall survival and progression free survival as assessed by the investigator.
LKNCY

Hot Stocks

08:41 EDT Luckin Coffee appoints BDO as independent auditor - Luckin Coffee announced the appointment of BDO China Shu Lun Pan Certified Public Accountants as the Company's independent registered public accounting firm for the fiscal year ended December 31, 2022, effective immediately. The appointment has been approved by the audit committee of the Company's Board of Directors. BDO succeeds Centurion ZD CPA & Co., the Company's previous independent registered public accounting firm. CZD is committed to working with the Company and BDO to ensure a seamless transition.
AGIO

Hot Stocks

08:41 EDT Agios Pharmaceuticals announces publication of Phase 3 ACTIVATE study - Agios Pharmaceuticals announced that data from the core period of the pivotal Phase 3 ACTIVATE study of PYRUKYND in adults with pyruvate kinase, PK, deficiency who do not receive regular transfusions were published on April 14, 2022 in the New England Journal of Medicine. Data from this study were previously presented at the European Hematology Association, EHA, Virtual Congress held in June 2021. As reported in the publication, the ACTIVATE study met its primary endpoint, with 40% of patients randomized to PYRUKYND achieving a hemoglobin response, defined as a greater than or equal to 1.5 g/dL increase in hemoglobin concentration from baseline sustained at two or more scheduled assessments at Weeks 16, 20 and 24 during the fixed-dose period, compared to 0 patients randomized to placebo. Patients who received PYRUKYND had a significantly greater response than those who received placebo with respect to each secondary endpoint, including average change from baseline in hemoglobin level; average change from baseline in markers of hemolysis including indirect bilirubin, lactate dehydrogenase and haptoglobin levels; average change from baseline in markers of hematopoietic activity; and change from baseline in two PK deficiency-specific patient-reported outcome measures. The most common adverse events were nausea and headache. Adverse events of grade 3 or higher occurred in 10 patients who received PYRUKYND(R) and five patients who received placebo.
BKTI

Hot Stocks

08:40 EDT BK Technologies receives $1.7M purchase order for BKR 5000s from USFS - BK Technologies announced that it has received a purchase order valued at $1.7M from the United States Department of Agriculture Forest Service USFS for its BKR 5000 portable communications technology. The purchase order is part of the Company's 5-year Blanket Purchase Agreement with the U.S. Department of Agriculture, announced in May 2021, and reflects the agency's commitment to its lifecycle replacement program designed to migrate to newer, more effective portable communications platforms. Tim Vitou, President of BK Technologies commented, "We have enjoyed a long and mutually beneficial relationship with the USFS we are pleased to continue supporting their transition to new mobile equipment and technology by providing our BKR 5000 portable communications platform. With the responsibility of effectively coordinating wildland fire management mitigation across vast sections of land, the USFS is committed to continuously ensuring they provide reliable communications capabilities to their field personnel for both the safety of the responders and the efficiency of their response efforts. The BKR 5000 provides accurate and durable communications technology and is also compatible with legacy radios and equipment, as the agency conducts upgrades. We are pleased to have this opportunity to continue providing our technology and equipment to the USFS and we look forward to expanding this relationship."
TRKA

Hot Stocks

08:40 EDT Troika Media's Mission to support Diet Coke campaign in Great Britain - Troika Media Group announced that Mission, its London-based brand experience and communications company, will support Diet Coke on their 'Love What You Love' Campaign in Great Britain. TMG's Mission UK team is helping bring the Diet Coke 'Love What You Love' Above-the-Line Campaign to life, through a PR content series activation to generate coverage, awareness and ultimately, conversion. Mission has also implemented a robust influencer strategy to launch the fashion on-pack promotion through April - June, bringing to life the brand's partnership with London Fashion Week.
MS

Hot Stocks

08:38 EDT Morgan Stanley seeing 'limited' financial impact from Ukraine conflict, says CEO
CLSN DASTY

Hot Stocks

08:38 EDT Celsion, Medidata present findings of Phase Ib study of GEN-1 - Celsion (CLSN) and Medidata, a Dassault Systemes (DASTY) company, announced that they presented their findings on the use of a Synthetic Control Arm, SCA, in a completed Phase Ib dose-escalating study of GEN-1 in the neoadjuvant treatment of patients with Stage III/IV ovarian cancer at the Annual Meeting of the American Association for Cancer Research, AACR, in New Orleans, LA. In a poster presentation entitled "Phase IB trial efficacy estimates via a clinical trial synthetic control arm," Dr. Elizabeth Lamont presented the research team's findings that demonstrate how comparing patients from a single-arm trial can help enhance understanding of treatment effects in advance of randomized trials, inform drug development and trial design, and increase the scientific value of early phase trials. The Phase Ib OVATION I Study evaluated escalating doses of GEN-1 administered intraperitoneally in combination with three cycles of neoadjuvant chemotherapy prior to interval debulking surgery, followed by three cycles of NACT in the treatment of newly diagnosed patients with Stage III/IV ovarian cancer. GEN-1, designed using Celsion's proprietary TheraPlas platform technology, is an interleukin-12 DNA plasmid vector encased in a non-viral nanoparticle delivery system, which enables cell transfection followed by persistent, local secretion of the IL-12 protein.
MS

Hot Stocks

08:37 EDT Morgan Stanley CEO Gorman: Eaton Vance integration 'progressing very well' - Comments taken from Q1 earnings conference call.
SLGL

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08:37 EDT Sol-Gel Technologies announces commercial availability of TWYNEO - Sol-Gel Technologies announced that TWYNEO , a topical cream containing a fixed-dose combination of tretinoin, 0.1%, and benzoyl peroxide, 3% for the treatment of acne vulgaris in adults and pediatric patients nine years of age and older, is now available for purchase by consumers who obtain a prescription from their physician. TWYNEO Cream was approved by the U.S. Food and Drug Administration on July 27, 2021 and is being commercialized in the U.S. by Galderma. It is the first and only tretinoin and benzoyl peroxide 2-in-1 combination ever approved by FDA and has been proven to rapidly treat even moderate to severe facial acne.
AA

Hot Stocks

08:36 EDT Alcoa in pact to provide low-carbon EcoLum aluminum to Speira, no terms - Alcoa announced that it has entered into a supply agreement to provide low-carbon EcoLum aluminum to Speira, a global aluminum rolling and recycling company. "Alcoa's EcoLum brand is part of the Company's Sustana family of low-carbon products, the most comprehensive in the aluminum industry," said the company. "In 2022, we expect to see year-over-year sales of both EcoLum and EcoDura increase more than three-fold," Thomas said. "From mine to metal, our integrated approach to sustainability across the value chain provides an inherent advantage for Alcoa and our customers." Speira is a leading producer and recycler of advanced rolled aluminum products, serving the automotive, packaging, printing, engineering, and building and construction industries. It operates seven manufacturing facilities in Germany and Norway.
UAVS

Hot Stocks

08:36 EDT Ageagle Aerial Systems appoints Michael O'Sullivan as CCO - AgEagle Aerial Systems announced two key appointments to the Company's Executive Leadership Team as part of AgEagle's efforts to optimize skillsets and functionally align the management of its growing global operations. Reporting directly to AgEagle Chairman and CEO Barrett Mooney, Michael O'Sullivan's current role as Managing Director of the Company's operations in Lausanne, Switzerland, has been expanded with his appointment as AgEagle's Chief Commercial Officer. In addition, Edouard Rosset, Head of Research and Development and Head of Operations in Lausanne, has been promoted to Executive Vice President of Technology. O'Sullivan originally joined AgEagle in October 2021 upon the Company's acquisition of senseFly and was promptly appointed as Managing Director of the subsidiary. Prior to the acquisition of senseFly by AgEagle, Rosset served as Chief Technology Officer of senseFly where he led the design, engineering and development of senseFly's pioneering line of e-Bee-branded fixed wing drones.
UPH

Hot Stocks

08:36 EDT UpHealth's Florida mental health facility partners with Blue Cross Blue Shield - UpHealth announced credentialling with New Directions Blue Cross Blue Shield Florida at its Olympus Recovery facility, a mental health and substance abuse recovery center in Delray Beach, Fla. that specializes in curriculum-based programs in substance abuse treatment. The facility also features a highly specialized program for veterans and first responders. Olympus Recovery is now partnered with eight insurance providers in the state of Florida, including Cigna, Magellan, Bright Healthcare and Multiplan. The program is also in the process of being credentialed with six additional payers in the coming months.
CHRS

Hot Stocks

08:35 EDT Coherus Biosciences, Junshi announce FDA granted ODD for toripalimab - Coherus BioSciences and Shanghai Junshi Biosciences announced that the United States Food and Drug Administration, FDA, has granted Orphan Drug Designation, ODD, for toripalimab, a PD-1 inhibitor, for the treatment of small cell lung cancer, SCLC. The JUPITER-08 study is an ongoing, randomized, double-blind, placebo-controlled, multi-center Phase 3 clinical trial evaluating PD-1 inhibitor toripalimab in combination with chemotherapy compared to placebo in combination with chemotherapy as the first-line treatment of extensive stage SCLC. Enrollment in this trial has been completed. The co-primary endpoints of the study are overall survival and progression free survival as assessed by the investigator. "Toripalimab in combination with chemotherapy has demonstrated robust antitumor immunity and survival benefit in multiple tumor types including in tumors with low PD-L1 expression. This differentiated clinical activity may result from toripalimab's unique binding epitope and internalization properties," said Dr. Theresa LaVallee, Chief Development Officer at Coherus. "SCLC patients have a particularly poor prognosis, and new and better treatment options are clearly needed for patients with this aggressive cancer. We are pleased to be working closely with our partner, Junshi Biosciences, to evaluate toripalimab in this underserved patient population and look forward to topline data from the pivotal first line SCLC clinical trial expected later this year."
SISI

Hot Stocks

08:35 EDT Shineco enters securities purchase agreement with gross proceeds of $2.2M - Shineco announced that it has entered into a securities purchase agreement on April 11, 2022 for the sale of aggregate gross proceeds of approximately $2.2M of its registered common stock at a price of $2.26 per share with an accredited investor. The closing of the transaction is expected to occur on or about April 15, 2022, subject to the satisfaction of customary closing conditions for this transaction. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes at the sole discretion of the Company.
DHI VWTR

Hot Stocks

08:34 EDT D.R. Horton to acquire Vidler Water Resources for $15.75 per share in cash - D.R. Horton (DHI) and Vidler Water Resources (VWTR) announced that the two companies have entered into a definitive merger agreement pursuant to which D.R. Horton will acquire Vidler for $15.75 per share in an all-cash transaction which represents a 19% premium to the 90-day volume-weighted average share price and a 39% premium to Vidler's book value of equity. Vidler owns a portfolio of premium water rights and other water-related assets in the southwestern United States in markets where D.R. Horton that require water for development, but face a lack of adequate supply. Post-closing, Vidler will operate as a separate operating division within D.R. Horton. Under the terms of the merger agreement, D.R. Horton, through its directly owned acquisition subsidiary, will commence a tender offer to acquire all outstanding shares of Vidler for $15.75 per share. Upon the successful completion of the tender offer, D.R. Horton's acquisition subsidiary will be merged into Vidler, and any remaining shares of Vidler will be canceled and converted into the right to receive the same consideration payable pursuant to the tender offer. Following completion of the merger, the common stock of Vidler will no longer be listed for trading on the Nasdaq. The total equity value of the transaction is approximately $291M and the transaction is expected to close during the second calendar quarter of 2022 subject to customary closing conditions.
ENGA

Hot Stocks

08:34 EDT Bebuzee announces private placement offering up to $10M of common stock - The executive management of Bebuzee announced that the company intends to offer, subject to market conditions and other factors, up to $10 million of its common stock in a private placement made subject to the exemption from registration provided for by Rule 506(c) of the Securities Act of 1933, as amended. Bebuzee intends to use the net proceeds from the Offering for general corporate purposes, including working capital, operating expenses, capital expenditures, and to pay for the further development of the company's social media platform.
PTCT

Hot Stocks

08:32 EDT PTC Therapeutics updates EMA regulatory review of gene therapy program - PTC Therapeutics has completed the Scientific Advisory Group and Oral Explanation meetings for its gene therapy treatment for AADC deficiency - PTC-AADC - with the Committee for Advanced Therapies. The CAT is responsible for the scientific assessment of advanced therapies based on its expert member's assessment of the quality, safety and efficacy of the product. The CAT is scheduled to provide a draft opinion for adoption to the Committee for Medicinal Products for Human Use in May. If approved, PTC's AADC gene therapy would be the first marketed gene therapy directly infused into the brain. The AADC gene therapy Marketing Authorization Application is supported by the findings of three clinical studies conducted in Taiwan. While several diagnostic tests for AADC deficiency are available, the condition remains largely undiagnosed.
MTP

Hot Stocks

08:29 EDT Midatech Pharma receives noncompliance notice from Nasdaq - Midatech Pharma announced that it received written notification from Nasdaq stating that the company is not in compliance with the minimum bid price requirement set forth in Nasdaq's rules for continued listing on Nasdaq. Nasdaq Listing Rule 5550 requires listed securities to maintain a minimum bid price of $1.00 per share, and listing rule 5810 provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the company's American Depositary Shares, each representing five ordinary shares of the company, for the 30 consecutive business days beginning March 2, the company no longer meets the minimum bid price requirement.
MTP

Hot Stocks

08:20 EDT Midatech Pharma receives non-compliance notice from Nasdaq - Midatech Pharma announces that it received written notification from The NASDAQ Stock Market, dated 13 April 2022, stating that the Company is not in compliance with the minimum bid price requirement set forth in NASDAQ's rules for continued listing on The NASDAQ Capital Market. NASDAQ Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's American Depositary Shares, each representing five ordinary shares of the Company, for the 30 consecutive business days beginning 2 March 2022, the Company no longer meets the minimum bid price requirement. The Notification Letter has no immediate effect on the listing of the Depositary Shares, and they will continue to trade on The NASDAQ Capital Market under the symbol "MTP." In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company has a grace period of 180 calendar days, or until 10 October 2022, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Depositary Shares must meet or exceed $1.00 per share for at least 10 consecutive business days during the Compliance Period. If the Depositary Shares do not regain compliance with the minimum bid price requirement during the Compliance Period, the Company may be eligible for an additional grace period of 180 calendar days provided that the Company satisfies NASDAQ's initial listing standards for listing on The NASDAQ Capital Market, other than the minimum bid price requirement, and provides written notice to NASDAQ of its intention to cure the delinquency during the second grace period. If the Company does not regain compliance during the initial grace period and is not eligible for an additional grace period, NASDAQ will provide written notice that the Depositary Shares are subject to delisting from The NASDAQ Capital Market. In that event, the Company may appeal such determination to a hearing panel. The Company intends to monitor the bid price of its Depositary Shares during the Compliance Period and will consider taking such actions as may be necessary and appropriate to achieve compliance with continued listing requirements prior to the expiration of all available grace periods. The Company's business operations are not affected by the receipt of the Notification Letter. The Company's ordinary shares are listed on the AIM Market of the London Stock Exchange, and the Notification Letter does not affect the Company's compliance status with such listing.
INZY

Hot Stocks

08:18 EDT Inozyme announces $73M underwritten offering priced at-the-market - Inozyme Pharma announced the pricing of an underwritten offering of 16,276,987 shares of its common stock at a price of $3.69 per share and, to certain investors in lieu of common stock, pre-funded warrants to purchase 3,523,013 shares of common stock at a price of $3.6899 per pre-funded warrant, for aggregate gross proceeds of approximately $73 million, before deducting underwriting discounts and commissions and other offering expenses. The purchase price per share of each pre-funded warrant represents the per share public offering price for the common stock, minus the $0.0001 per share exercise price of such pre-funded warrant. All of the securities are being offered by Inozyme. The offering is expected to close on or about April 19, 2022, subject to customary closing conditions. Jefferies LLC and Cowen and Company, LLC are acting as joint book-running managers for the offering.
MBCN

Hot Stocks

08:17 EDT Middlefield Banking appoints Alfred Thompson as CCO, Courtney Erminio as CRO - The Middlefield Banking Company announced the Company has promoted AlfredThompson Jr. to EVP/Chief Credit Officer and Courtney Erminio to EVP/Chief Risk Officer. As EVP/CCO, Mr. Thompson will be responsible for leading the Company's credit administration and loan administration programs. Since joining Middlefield in 1996 as an Assistant VP/Lender, Mr. Thompson has held a variety of positions of increased responsibility. Most recently, Mr. Thompson held the position of SVP/Credit Administration - Special Assets. As EVP/CRO, Ms. Erminio will be responsible for leading the Company's risk, audit, and compliance programs. She joined Middlefield in 2010 as SVP/Risk Officer.
YOU

Hot Stocks

08:16 EDT Clear Secure launches expedited lanes at Palm Springs International Airport - Clear Secure announced the launch of its expedited lanes at Palm Springs International Airport. As travel is surging back, Clear's expedited lanes and identity verification technology will create a stress-free and easy travel experience for members at PSP.
SAIC

Hot Stocks

08:16 EDT SAIC announces $64M contract extension with County of Orange, California - Science Applications International announced that the County of Orange, California awarded the company a contract extension to continue to provide information technology managed services and solutions to agencies and departments within the county. As part of the contract, SAIC's services support the county's data center, desktop, service desk, applications, networks, voice environment and security operations. "This contract extension is a testament to our success in delivering high-performance IT managed services to the County of Orange in partnership with our customer," said Bob Genter, president, Defense and Civilian Sector at SAIC. "Our history over the eight-year period includes county customer satisfaction surveys that consistently rate our performance as highly satisfied. We are absolutely committed to helping the county continue to reduce costs, improve operational efficiencies, and improve services to residents." The firm-fixed-price contract extension has a base period of performance of 24 months, valued at approximately $64M, followed by two one-year option periods. SAIC will primarily perform work under this contract in Santa Ana, California.
KFS

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08:15 EDT Kingsway Financial forms strategic advisory board for Search Xcelerator segment - Kingsway Financial created a Strategic Advisory Board to the newly formed Kingsway Search Xcelerator segment, which includes the CEO Accelerator program. The goal of the Advisory Board will be to assist the KSX CEOs and Operators-in-residence with their strategic thinking, acquisition opportunity analysis, operational execution, and capital allocation decisions, as well as to provide advice, experience, and expanded networks. KSX appointed Thomas Joyce, Jr. and William Thorndike, Jr. as members of the Advisory Board. Thomas Joyce, Jr. most recently served as President, CEO, and Director of Danaher Corporation, from which he retired in 2020. William Thorndike, Jr. is the Managing Partner of The Cromwell Harbor Partnership, a private investment company with a variety of long-term holdings.
CURR...

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08:14 EDT Sera Labs products available at Walmart, Bed Bath & Beyond, CVS, Target - Sera Labs announced its Seratopical Revolution skincare line will be sold at select Walmart (WMT) Stores, as well as CVS (CVS), and Bed Bath & Beyond (BBBY) stores. Sera Labs also has garnered placement for its oral thin film strip, Nutri-Strips on shelves at CVS and at Target.com (TGT). The Nutri-Strip technology is proprietary to Sera Labs and is the result of years of research and more than 25 patents by CURE Pharmaceutical.
MGTA

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08:14 EDT Magenta de-prioritizes certain portfolio plans, reducing workforce by 14% - Magenta Therapeutics announced progress and encouraging early data in its MGTA-117 Phase 1/2 targeted conditioning clinical trial and a prioritization of its operating plan to more narrowly focus its capital allocation on the MGTA-117 targeted conditioning program, the CD45-ADC, antibody-drug conjugate, IND-enabling activities and the MGTA-145 stem cell mobilization efforts in sickle cell disease. The Company's most significant near-term clinical milestone is its anticipated data from the MGTA-117 Phase 1/2 clinical trial in patients with relapsed/refractory acute myeloid leukemia and myelodysplasia-excess blasts. Multiple patients have been dosed in Cohort 1 of the ongoing clinical trial. Based on a preliminary review of the data from the trial to date, Magenta believes that the data suggest early signals of positive pharmacodynamic activity and that MGTA-117 has been well-tolerated, with no reports of unexpected or significant drug-related adverse events. Magenta looks forward to translating data from this clinical trial for use in transplant-eligible patients in the future. In its Q1 2022 earnings release scheduled for early May 2022, Magenta plans to disclose a summary of clinical observations from these initial patients with respect to CD117 target binding, drug clearance, cell depletion and tolerability. Due to both its early positive experience with the MGTA-117 clinical trial and in response to the uncertain capital market environment for biotechnology companies, Magenta recognizes the need for an increased focus on MGTA-117 while also de-prioritizing other portfolio investments. The revised operating plan includes reductions in spending related to general and administrative expenses and research platform-related investments in new disease targets, as well as pausing certain MGTA-145 investments, including the program's planned MGTA-145 dosing and administration optimization clinical trial in healthy subjects. Magenta's revised operating plan also reduces the Company's workforce by 14% and allows Magenta to extend its cash runway into Q2 2024. "We are encouraged by our progress in the MGTA-117 clinical trial and want to proactively address our resource allocation to ensure focus on creating value for patients and all of our stakeholders," said Jason Gardner, President and Chief Executive Officer of Magenta Therapeutics. "We have the utmost respect and appreciation for our departing employees and their contribution to advancing our programs."
VSAT

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08:12 EDT ViaSat partners with Slovakia to donate wi-fi to Ukrainian refugees - Viasat and the Koice region, Slovakia, have partnered to provide free high-speed internet to Ukrainian refugees in Eastern Slovakia using Viasat's satellite-enabled Community Internet system. Viasat Community Internet sites are being installed across Eastern Slovakia in areas of greatest need for refugee connectivity. The Viasat Community Internet service implements a public Wi-Fi hotspot connected and enabled by a Viasat satellite to deliver free high-speed internet service to these refugee communities that previously had little or no internet connectivity.
MOBQ

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08:12 EDT Mobiquity Technologies adds Enhance Token as data, advertising client - Mobiquity Technologies announced, it has been selected by Enhance Token to provide data and programmatic advertising. Mobiquity Technologies will promote brand awareness for the Enhance Token and the Enhanced Apes NFT's. Enhance Token is a dual tokenomics deployment token that rewards their holders with up to 11% in Safemoon. In addition to the token and the Enhanced Apes NFT's, they are also launching the Enhance Shop, Enhance SES and other business with the Enhance brand. The Enhanced Apes NFT project is an exclusive collection of 10,000 hand drawn NFTs that will include giveaways, metaverse spaces, live events, and mining operations. These combined activities will be used to fuel the ENH LP and increase the volume of the ENH token. Enhance NFTs partners with real world artists and assists them in entering the cryptocurrency space and getting appropriate benefit from the art they create. The Enhance team expects to launch several more NFT artist partnership projects in 2022.
THRM

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08:11 EDT Gentherm releases 2021 Sustainability Report - Gentherm published its 2021 Sustainability Report. The 2021 Sustainability Report highlights Gentherm's key areas of focus: People, Planet, and Places, and provides updates on previously established environmental performance metrics. In addition, Gentherm has announced it is working to develop a net-zero carbon position. "We know being responsible global citizens means we must put sustainability at the core of our business. To do this we are developing products that make a positive impact on our environment, actively engaging in the communities where we do business, and working to build strong employee engagement," said Phil Eyler, President and CEO of Gentherm. "We believe our current and future technologies play an important role in leading the development of sustainable, safe, and intelligent solutions for electric vehicles and the future of mobility."
OTMO

Hot Stocks

08:10 EDT Otonomo Technologies completes acquisition of The Floow - Otonomo Technologies announced that it has completed its previously disclosed acquisition of The Floow, a United Kingdom-based SaaS provider of connected insurance technology for major carriers globally. As a part of the agreement, Otonomo welcomes Founder and CEO of The Floow, Aldo Monteforte, to the management team where he will continue to lead The Floow on its growth path
CSWI

Hot Stocks

08:09 EDT CSW Industrials board increases quarterly dividend 13% to 17c per share - The Board of Directors of CSW Industrials declared a regular quarterly cash dividend of 17c per share. This represents an increase of 2c per share, or approximately 13%, as compared to the declared dividend in the prior quarter. The dividend is payable on May 13, 2022, to shareholders of record as of the close of business on April 29, 2022. "We are pleased to announce another increase in our quarterly dividend and to provide an update on our share repurchase program, which together demonstrate our ongoing commitment to disciplined capital allocation. Over the past four years, we have returned $121.1 million in cash to our shareholders, while also growing organically and through acquisitions," said Joseph Armes, CSW Industrials Chairman, President, and Chief Executive Officer.
EXEL

Hot Stocks

08:09 EDT Exelixis starts 1st-in-human trial evaluating XL114 as a monotherapy for NHL - Exelixis announced initiation of the dose-escalation stage of the first-in-human phase 1 trial of XL114, a novel anti-cancer compound that inhibits the CARD11-BCL10-MALT1 complex, as a monotherapy in patients with non-Hodgkin's lymphoma who have received prior standard therapies. The objectives of the study are to determine the recommended dose and/or the maximum tolerated dose of XL114 and to evaluate the safety and preliminary efficacy of XL114 in patients with NHL. "The initiation of the dose-escalation stage of our first-in-human phase 1 trial of XL114 marks an important milestone in our early efforts to identify treatments for people with blood cancers, such as non-Hodgkin's lymphoma, who have exhausted known life-prolonging treatment options and are thus facing poor prognoses," said Vicki L. Goodman, M.D., Executive Vice President, Product Development and Medical Affairs, and Chief Medical Officer, Exelixis. "Based on preclinical data demonstrating activity in lymphoma cell lines that are resistant to therapies that inhibit Bruton's tyrosine kinase, we are encouraged by the potential XL114 holds and look forward to advancing to the expansion stage once the appropriate dose is identified." The dose-escalation stage will determine the recommended dose of XL114 in patients with advanced B- and T-cell NHL. In the cohort-expansion stage, the safety and preliminary efficacy of XL114 will be further evaluated in B-cell NHL-specific expansion cohorts, including patients with activated B-cell-like diffuse large B-cell lymphoma, DLBCL, mantle cell lymphoma and chronic lymphocytic leukemia/small lymphocytic lymphoma. The primary endpoint of the expansion stage will be objective response rate based on lymphoma-specific response criteria as assessed by the investigator. As announced last year, Exelixis in-licensed XL114 from Aurigene Discovery Technologies Limited under the companies' July 2019 collaboration, option and license agreement. Exelixis assumed responsibility for the future clinical development, commercialization and global manufacturing of XL114.
JETMF

Hot Stocks

08:09 EDT Global Crossing Airlines to celebrate first A321 P2F conversion - Global Crossing Airlines Group will celebrate a key milestone for its first A321 P2F aircraft by ST Engineering with a door cutting ceremony that takes place this morning. The freighter aircraft is currently undergoing conversion at ST Engineering's airframe facility in San Antonio. GlobalX and ST Engineering had in 2021 signed an LOI to lease up to five A321 P2F. The first aircraft is expected to be delivered in Q3 2022. In addition to leasing freighter aircraft, GlobalX will also use the engineering and maintenance services provided by ST Engineering to support the operation of its passenger and freighter aircraft.
PG

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08:09 EDT Procter & Gamble appoints CEO Jon Moeller as chairman of the board - Procter & Gamble announced that Jon Moeller has been appointed chairman of the board, effective July 1. Moeller assumes the position in addition to his role as president and CEO following the retirement of current executive chairman David Taylor.
ENPH

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08:08 EDT Enphase Energy expands battery storage in Iowa - Enphase Energy announced that installers of Enphase products in Iowa have seen growing deployments of the Enphase Energy System powered by IQ Microinverters and IQ Batteries. Iowa homeowners can now also choose to install Enphase's IQ8 Microinverters. IQ8-based systems can provide Sunlight Backup during an outage, even without a battery. Enphase delivers a safer solar-plus-battery solution which does not expose installers or homeowners to high-voltage DC. Enphase IQ Batteries feature Lithium Iron Phosphate battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. "In Iowa, more homeowners than ever are investing in a backup power source to stay more secure and comfortable during grid outages," said Dave Ranhoff, chief commercial officer at Enphase Energy. "With IQ8 Microinverters and the IQ Batteries, homeowners get the reliable energy resilience they are looking for, plus they can better manage their energy bills and reduce their carbon footprint."
ACLS

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08:08 EDT Axcelis announces multiple shipments of Purion high current implanter to Asia - Axcelis announced multiple shipments of the Purion Dragon high current implanter, including follow-on orders and a new customer penetration for advanced memory device fabrication. The Purion Dragon has a high current implanter architecture designed to address critical implant steps for advanced memory and logic applications. The systems shipped in Q1 and Q2 2022.
BOWL

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08:07 EDT Bowlero announces redemption of all outstanding warrants - Bowlero announced that it will redeem all of its publicly traded and privately held warrants to purchase shares of Bowlero's Class A common stock, par value $0.0001 per share, that remain outstanding at 5:00 p.m. New York City time on May 16, 2022, for a redemption price of $0.10 per warrant. Bowlero has directed its warrant agent, Continental Stock Transfer & Trust Company, to deliver a notice of redemption to the registered holders of outstanding warrants pursuant to the Warrant Agreement, dated as of March 2, 2021, by and between Bowlero and the Warrant Agent. Under the Warrant Agreement, Bowlero is entitled to redeem its public warrants at a redemption price of $0.10 per warrant if the last sale price of the Common Stock equals or exceeds $10.00 per share on the trading day before the Company sends the notice of redemption, among other conditions. The stock price condition was satisfied on April 13, 2022, the day before the Notice of Redemption is being sent to warrant holders. Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with Bowlero's initial public offering and still held by the initial holders thereof or their permitted transferees are also subject to the Notice of Redemption. Warrant holders may continue to exercise their warrants to purchase shares of Common Stock until immediately before 5:00 p.m. New York City time on the Redemption Date. Payment upon exercise of the warrants may be made either in cash, at an exercise price of $11.50 per share of Common Stock or on a "cashless" basis in which the exercising holder will receive a number of shares of Common Stock determined under the Warrant Agreement and based on the Redemption Date and the Redemption Fair Market Value. The "Redemption Fair Market Value" is based on the volume weighted average price per share of Common Stock for the 10 trading days immediately following on the third trading day prior to the date on which the notice of redemption is sent. In accordance with the Warrant Agreement, Bowlero will provide warrant holders with the Redemption Fair Market Value no later than one business day after the 10-trading-day period ends. In no event will the number of shares of Common Stock issued in a cashless exercise exceed 0.361 shares per warrant exercised. If a holder of warrants would be entitled to receive a fractional share of stock as a result of warrants exercised at one time, the number of shares the holder will be entitled to receive will be rounded down to the nearest whole number of shares. Holders wishing to exercise their warrants should follow the procedures described in the Notice of Redemption and the Election to Exercise form included with the notice. Holders of warrants held in "street name" should immediately contact their brokers to determine exercise procedures. Since the act of exercising is voluntary, holders must instruct their brokers to submit the warrants for exercise. Any outstanding Bowlero warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable, except to receive the Redemption Price or as otherwise described in the Notice of Redemption.
FWRD

Hot Stocks

08:07 EDT Forward Air opens new support center in Columbus - Forward Air announced the grand opening of its expanded Columbus Support Center. The new support center represents a strategic investment in the Company's commitment to deliver a better experience for its employees, customers and independent contractor drivers.
MBRX

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08:06 EDT Moleculin Biotech announces corporate rebranding, launch of new website - Moleculin Biotech announced the launch its new corporate branding and website www.moleculin.com. "As we drive clinical development across our broad portfolio of drug candidates, expand our growing body of clinical data and build value among all stakeholders, we believed it was an important step to refresh our corporate branding identity and website to align with the true potential and vision we have for Moleculin. We are wholeheartedly committed to potentially solving some of the toughest challenges and importantly, bringing better treatments to patients where there remains unmet medical need. The work completed and data demonstrated to-date bolsters our confidence as we believe we can successfully execute on a number of key clinical and regulatory milestones that will be instrumental in establishing a clear path to approval and commercialization of Annamycin. I am excited for this evolution of Moleculin and to take another step forward towards the future of this exciting company," commented Walter Klemp, Chairman and CEO of Moleculin.
NVGS

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08:06 EDT Navigator Holdings announces changes to board of directors - Navigator announces the following changes to its board of directors, effective immediately: Alexander Oetker resigns as a director of the Board after 15 years of service; Andreas Beroutsos, who joined the Company's Board in December 2020, is also stepping down. The size of the Board, therefore, has reduced from nine members to seven members.
SONM

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08:06 EDT Sonim sells $17.5M in shares to AJP Holding, appoints Peter Liu as CEO - Sonim has entered into a subscription agreement with U.S.-based AJP Holding whereby AJP will purchase a total of 20.8 million shares at a price of 84c per share and an aggregate purchase price of $17.5M. Upon completion of the transaction, which is subject to stockholder approval and other customary closing conditions, AJP will own approximately 52% of Sonim's post-transaction outstanding capital stock based on an estimated 19.3 million shares outstanding prior to the transaction. The agreement with AJP will also include a transition of the management team as Sonim aims to expand into the larger and faster growing semi-rugged and industrial 5G markets. Peter Liu, who has served as Executive VP for Global Operations and Engineering since 2010, has been appointed CEO, effective April 14. Liu is part of the investment group at AJP and leading the strategic development of Sonim's expanded market focus. The board of directors of Sonim has approved the transaction, which will involve two closings. The first closing, including the common stock purchase of approximately 14.9 million shares of Common Stock for an aggregate purchase price of $12.5M, is subject to customary closing conditions. The second closing, for approximately 5.9 million shares of Common Stock for an aggregate purchase price of $5.0M, is expected to occur on or around August 1, subject to the occurrence of the first closing.
C

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08:05 EDT Citi reports Q1 ROE 9%, RoTCE 10.5%
PTRA

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08:05 EDT Proterra introduces ZX5 electric transit bus with 738 kWh of energy - Proterra announced that it is increasing the amount of energy onboard its purpose-built ZX5 electric transit bus - delivering more battery storage to help transit agencies scale zero-emission bus fleets with electric vehicle technology. Starting in 2023, the 40-foot Proterra ZX5 Max electric transit bus can be equipped with up to 738 kilowatt hours of onboard energy. Through this enhancement, Proterra transit buses now feature the most energy storage of any 40-foot electric bus available in the North American market. With 738 kWh of battery energy storage, the ZX5 Max can deliver more than 300 miles of drive range on a single charge, depending on route conditions, configuration and operation. In addition, the 35-foot and 40-foot ZX5+ electric bus models can be equipped with up to 492 kWh of onboard energy for routes with less demanding range requirements.
DRIO

Hot Stocks

08:05 EDT DarioHealth announces agreement with Health Plan Colorado Access - DarioHealth announced a new agreement with Colorado Access, the largest public sector health plan in the state of Colorado, to provide digital chronic condition management solutions for its Medicaid population beginning with thousands of its members in the second quarter of 2022. Colorado Access selected Dario to help improve the health of members living with diabetes and hypertension, as well as members with weight management and behavioral health needs through Dario's person-centric and integrated chronic condition platform. Dario's digital therapeutics platform combines digital tools, medical devices, and digital and human coaching across one experience for multiple chronic conditions, personalizing each user journey with more than ten years of diverse consumer data and insights.
RMR

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08:05 EDT RMR Group raises quarterly dividend 5.3% to 40c per share - The RMR Group announced it has raised its regular quarterly cash dividend on its shares of Class A Common Stock and Class B-1 Common Stock to 40c per share for the quarter ended March 31, representing a 5.3% increase over last quarter's cash dividend of 38c per share. This distribution will be paid to RMR's shareholders of record as of the close of business on April 25 and distributed on or about May 19.
ALLO

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08:04 EDT Allogene Therapeutics announces unveiling of Cell Forge 1 - Allogene Therapeutics announced the virtual unveiling of its manufacturing facility, Cell Forge 1, CF1, located in Newark, California. The 136,000-square-foot facility is designed to support clinical trial and potential commercial production and worldwide distribution of allogeneic CAR T cell products for blood cancers and solid tumors. "Cell Forge 1 is a critical piece of our strategy for revolutionizing CAR T cancer therapy. As we prepare for our first AlloCAR T pivotal trial in mid-2022, we will draw on the capabilities of this state-of-the-art facility to meet product demand while maintaining important quality controls," said Alison Moore, Ph.D., Chief Technical Officer of Allogene. "We believe this is an ideal time to bring the facility online. Cell Forge 1 is uniquely designed to grow with Allogene as we expand our pipeline, prepare for future regulatory filings, and scale up production for potential commercial distribution." CF1 includes modular production suites, which are flexible and adaptable for growth. It also includes space for quality control testing, an environmental testing lab, and an advanced data system infrastructure, as well as administrative and warehouse space.
BNGO

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08:04 EDT Bionano Genomics issued two U.S. patents for uses of nanochannel arrays - Bionano Genomics announced that the United States Patent and Trademark Office issued two new US Patents, No. 11,291,999 and No. 11,292,713 on April 5, 2022. The '999 patent, titled "Photocleavage method and apparatus to clean fluidic devices," claims a novel apparatus and method for using a light source to minimize aggregation of biopolymers in or around a nanochannel. This technology is used by Bionano to enable multiple cycles of DNA loading, imaging, clearing and reloading, making it important to the performance of Bionano's nanochannel arrays. This patent family also includes issued patents in Japan and China. The '713 patent, titled "Integrated analysis devices analysis techniques," expands upon the company's existing patent protection for its optical genome mapping technology. The patent claims methods of identifying genomic sequences or structural genomic variants by linearizing target DNA molecules through a series of nanochannels within a nanochannel array and detecting of specific signals that correlate with a property of the target DNAs. Bionano's intellectual property portfolio includes multiple patents covering its core technology issued both in the US and internationally. Additionally, Bionano's portfolio includes patents directed to methods of fabricating nanochannel devices, as well as other technologies for sample processing and analysis related workflows.
AON BK

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08:03 EDT Aon plc, BNY Mellon announce digital alliance - Aon plc (AON) and The Bank of New York Mellon (BK) announced a multi-faceted data and digital collaboration that will leverage the power and unique capabilities of both organizations to create new solutions to address evolving client needs. Together, Aon and BNY Mellon will focus on supporting the Environmental, Social and Governance needs of clients globally, leveraging both firms' collective ESG data and analytics capabilities and unique data sets. In addition, Aon and BNY Mellon will explore opportunities to further enhance solutions in the areas of digital assets and data and analytics, as client needs continue to evolve. This collaboration will streamline Aon's portfolio management and research process by enhancing net-zero reporting transparency. BNY Mellon and Aon are exploring opportunities to make Aon's proprietary ESG fund ratings available to asset owners, allowing them to better understand how asset managers are incorporating ESG into their investments, operations and organizational processes to help make better-informed decisions.
GALT

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08:02 EDT Galectin Therapeutics reports outcome of DSMB meeting for NAVIGATE - Galectin Therapeutics reported the positive outcome of its first data and safety monitoring board, DSMB, meeting for NAVIGATE, its phase 2b/3 study of belapectin in patients with liver cirrhosis caused by non-alcoholic steatohepatitis, NASH. NAVIGATE is the first study of its kind and is a global effort that recruits patients over 15 countries and five continents. The study main efficacy objective is the primary prevention of esophageal varices. Dr. Pol Boudes, M.D., Chief Medical Officer of Galectin Therapeutics, said: "The positive recommendation of the DSMB meeting is a very important milestone for Galectin Therapeutics and for patients affected by liver cirrhosis due to NASH. This recommendation confirms that belapectin appears safe and well tolerated to date. Such a safety profile is an essential asset for a candidate drug designed for cirrhotic patients, as they are fragile, may need adjustment or interruption of common drug treatments, and are also frequently immune-compromised. Currently patients with decompensated liver disease, have no other hope than to receive a liver transplantation. A transplantation is a complex and expensive procedure, requiring life-long immunosuppression and specialized follow-up, and is further affected by a global shortage of organs. With the NASH epidemy and the resulting increasing number of patients that will suffer from liver cirrhosis, the liver organ shortage is only going to get worse, further highlighting the urgent need for new treatments. This successful DSMB meeting furthers our objective of advancing the belapectin program and bringing hope to our patients. I also want to take this opportunity to thank our investigators and their teams for participating in this innovative study." Dr. Boudes added: "The first patients in NAVIGATE have now reached their 18-month visit and have elected to continue into the extension phase of the phase 3 part of NAVIGATE. This is an additional significant milestone for the belapectin development program as we are now starting to collect follow-up data beyond a year and a half of treatment to further inform the benefit risk of belapectin in cirrhotic patients."
EVRI

Hot Stocks

08:02 EDT Everi Holdings acquires strategic assets from XUVI - Everi Holdings announced that it has acquired certain strategic assets of XUVI, a privately owned marketing platform provider designed to value, target and engage customers to increase loyalty through immersive data analytics utilizing customer behaviors and artificial intelligence. The acquisition was funded from existing cash on hand. Financial terms were not disclosed.
UIS

Hot Stocks

08:01 EDT Unisys appoints Debra McCann as CFO, Mike Thomson as COO - Unisys appointed Debra McCann as Executive VP and CFO. McCann's appointment is effective May 2. McCann joins Unisys from Dun & Bradstreet , where she most recently served as treasurer and senior vice president of investor relations and corporate FP&A. Prior to joining D&B in 2009, she was senior director of FP&A, risk management and procurement at Cegedim. In November 2021 the company announced Thomson's appointment as president and COO, effective upon the hiring of a new CFO. Thomson, who joined Unisys in December 2015 as corporate controller and principal accounting officer and was named CFO in September 2019, will continue to report to CEO Altabef in his new role.
STT

Hot Stocks

07:55 EDT State Street expects to delay restart of share repurchases - Expects to delay restart of share repurchases due to AOCI marks related to higher interest rates. Comments taken from Q1 earnings conference call presentation slides.
GS

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07:53 EDT Goldman Sachs reports Q1 FICC revenues $4.72B, up 21% y/y
GS

Hot Stocks

07:53 EDT Goldman Sachs reports Q1 annualized ROE 15%, ROTE 15.8% - Reports Q1 book value per share $293.31. Investment Banking generated quarterly net revenues of $2.41 billion. Global Markets generated quarterly net revenues of $7.87 billion. Consumer & Wealth Management generated record quarterly net revenues of $2.10 billion. Firmwide assets under supervision were $2.39 trillion and included long-term net inflows of $24 billion during the quarter.
GS

Hot Stocks

07:52 EDT Goldman Sachs CEO: Q1 was 'turbulent' quarter - Goldman Sachs Chairman and CEO David Solomon said: "It was a turbulent quarter dominated by the devastating invasion of Ukraine. The rapidly evolving market environment had a significant effect on client activity as risk intermediation came to the fore and equity issuance came to a near standstill. Despite the environment, our results in the quarter show we continued to effectively support our clients and I am encouraged that our more resilient and diversified franchise can generate solid returns in uncertain markets."
MLSS

Hot Stocks

07:50 EDT Milestone Scientific, Keystone Dental Group enter strategic partnership - Keystone Dental Holdings announced that the company has collaborated with Milestone Scientific to become a strategic channel partner for its STA Single Tooth Anesthesia System.
ADGI

Hot Stocks

07:48 EDT Adagio Therapeutics pauses submission of EUA request for adintrevimab - Adagio Therapeutics announced preliminary clinical results from its Phase 2/3 clinical trials of adintrevimab and is providing an update on the anticipated timing for its Emergency Use Authorization request for adintrevimab for the prevention and treatment of COVID-19. The Omicron BA.2 variant, which has shown reduced in vitro susceptibility to monoclonal antibodies, has recently emerged as the current predominant variant of SARS-CoV-2 in the U.S. Adintrevimab, which has demonstrated broadly neutralizing activity in vitro against SARS-CoV-2 variants of concern including Alpha, Beta, Delta, Delta Plus, Gamma and Omicron BA.1, has markedly reduced neutralization activity in vitro against the Omicron BA.2 variant. Based on feedback from the U.S. Food and Drug Administration regarding adintrevimab's lack of neutralizing activity against the BA.2 variant, Adagio is pausing the submission of an EUA request. Adagio intends to continue engaging with the FDA and monitor the evolution of SARS-CoV-2 and the in vitro activity of adintrevimab against predominant variants in the U.S. to determine the optimal timing for its planned EUA request. Adagio is committed to advancing adintrevimab as a potential future therapeutic option in anticipation of the emergence of new variants. The company is also conducting an ongoing Phase 1 trial evaluating pharmacokinetics and safety of higher doses of adintrevimab in healthy volunteers and is continuing its antibody research efforts, including efforts to modify adintrevimab to improve binding to the Omicron BA.1 and BA.2 subvariants. Adagio is on-track to have more than one million doses of adintrevimab secured in 2022, in preparation of its potential utility as a prophylaxis and treatment option for COVID-19 in the future.
CDNA

Hot Stocks

07:47 EDT CareDx reports over 200,000 heart transplant patient results served - CareDx announced that it has delivered over 200,000 AlloMap or AlloSure results for over 30,000 heart transplant recipients. "We are proud to have a long-standing and trusted relationship with the heart transplant community. Since 2005, we have served half of all heart transplant patients in the U.S. with AlloMap or AlloSure, and AlloMap has the distinction of being the only FDA cleared gene-expression profiling test for use in heart transplants, the only GEP incorporated in International Society for Heart and Lung Transplantation guidelines, and the only one covered by CMS for multimodality assessment using AlloSure donor-derived cell-free DNA," said Reg Seeto, CEO and President of CareDx. "Importantly, we have earned this trust by conducting multi-center prospective studies that have been published in leading journals such as the New England Journal of Medicine."
J

Hot Stocks

07:46 EDT Jacobs selected to design Changi NEWater Factory 3 in Singapore - Jacobs was selected by PUB, Singapore's National Water Agency, to design and supervise construction and commissioning of the Changi NEWater Factory 3, the third NEWater plant to be located at the Changi Water Reclamation Plant. CNF3 will be one of the first reclamation plants globally to use Membrane Bioreactor filtrate to feed reverse osmosis membranes. CNF3 will incorporate water technology firm ROTEC's proprietary reverse osmosis flow reversal technology into the design of the RO system to increase the recovery rate of NEWater from 75% to 90%. Design of CNF3 is underway and construction is expected to begin later in 2022, with the plant expected to be completed in 2024.
MRMD

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07:46 EDT Marimed receives MMCC approval for transfer of ownership of Kind Therapeutics - MariMed announced that the Maryland Medical Cannabis Commission, MMCC, has approved the transfer of 100% of the ownership of Kind Therapeutics, a vertically integrated cannabis business to MariMed. The approval was granted during the MMCC's Full Commission Meeting on Wednesday, April 13, 2022. The parties will now move forward to complete the closing of the transactions previously announced. Upon closing, Kind will become a wholly owned subsidiary of MariMed and its financials will be consolidated with MariMed's in the Company's public filings. Kind's cannabis products, including MariMed brands, are distributed to the approximately 100 medical dispensaries in the Maryland medical cannabis program.
OAMCF

Hot Stocks

07:45 EDT OverActive Media signs VALORANT European player roster - OverActive Media is pleased to announce its entry into the growing competitive VALORANT scene with the signing of a top European player roster. Launched in June 2020 by Riot Games, VALORANT reached 14 million monthly active PC players and half a billion games played in its first year. They also developed the VALORANT Champions Tour, Riot's first official tournament circuit for the game, to support the demand for various levels of competition. As of March 2022, VALORANT is one of the top five most-watched games on Twitch. OverActive Media's VALORANT team roster, brand and location will be revealed later in April.
VALN

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07:45 EDT Valneva SE (ADS) trading resumes
VALN

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07:45 EDT Valneva SE (ADS) trading halted, news pending
PVCT

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07:44 EDT Provectus appoints Narendran to Scientific Advisory Board - Provectus announced the addition of Aru Narendran, MD, PhD to the Company's Scientific Advisory Board. Dr. Narendran is a professor in the departments of Pediatrics, Oncology, and Biochemistry & Molecular Biology at the University of Calgary's Cumming School of Medicine, and holds the Kids Cancer Care Foundation Endowed Chair in Clinical and Translational Research in pediatric oncology.
DRTT

Hot Stocks

07:43 EDT Dirtt Environmental announces ISS recommends against full board change - DIRTT Environmental Solutions announced that 22NW Fund attempt to take over its board of directors is opposed by the leading independent proxy advisor Institutional Shareholder Services, ISS, which has recommended AGAINST a full Board change. In its report, ISS stated that 22NW "has not presented a clear go-forward plan," that it was "vague on details," and "has not met the threshold" for a full Board change. ISS also stated 22NW's slate lacked "racial diversity and there would only be one female on the board," highlighting 22NW's poor focus on corporate governance. DIRTT "recognizes the value of strategic and deliberate Board refreshment, balanced with historical continuity given the unique nature of DIRTT's business," the company said. DIRTT said that its efforts were recognized by ISS, who stated in its report that "The board's refreshment over the last few years is apparent, with four directors with one year of tenure and a new nominee at this meeting..." The Board is also pleased that ISS recognized its call for operational change within the business. These changes have been well underway and has gathered momentum under the guidance of the Board and under the leadership of interim CEO Todd Lillibridge. A wholesale change of the Board could reverse this progress and create significant risk. ISS agreed with having additional directors as first proposed by DIRTT, and following their recommendation, the Board is now prepared to include English as well as Kenneth Sanders and Mary Garden. ISS recommended a vote in favour of the change of the Company's name, rejecting the rationale of 22NW by stating that "empirical evidence suggests that changing a company's name can impact its value. Name changes should be evaluated on a case-by-case basis. In this case, there is little danger that sales would suffer due to a loss of name recognition and associated goodwill."
MNDJF

Hot Stocks

07:43 EDT Mandalay announces Q1 consolidated saleable gold equivalent production 29,631 oz - Mandalay Resources Corporation announced its production and sales results for the first quarter of 2022. First Quarter Production Highlights: Consolidated saleable gold equivalent production and sales of 29,631 and 28,280 ounces respectively; 12,384 ounces of saleable gold production at Bjorkdal, highest quarterly production result since Q2 2019; and 12,134 ounces of gold sold at Bjorkdal, highest quarterly sales result since Q3 2019. Dominic Duffy, President and CEO of Mandalay, commented: "Mandalay's solid start to the year puts us on course to achieve our 2022 production guidance. The continued excellent operational results demonstrate the sustainability and incremental growth at both sites with a consolidated saleable production of 29,631 ounces of gold equivalent in Q1 2022, which is higher as compared to the same period last year. At Bjorkdal, the 12,384 saleable gold ounces of production during the first quarter was our highest quarterly production result since Q2 2019. Site production was at planned levels and we expect it to continue to grow throughout the year as we focus on higher grade production areas in the mine and continue to implement dilution reduction measures. Costerfield achieved another solid quarter, producing 17,247 ounces of saleable gold equivalent, 12% growth compared to Q1 2021, this is mainly due to near-record gold grades of 13.5 g/t during the current quarter. Metal produced in Q1 2022 decreased slightly compared to Q4 2021, as lower than average tonnes were processed due to issues encountered with the commissioning of the new crusher at the processing facility. Only 32,206 tonnes were processed in Q1 2022, against an average of 36,370 tonnes per quarter in 2021. The new crusher is now functioning optimally, and we expect processed tonnes to remain at budgeted rates for the remainder of the year. Towards the end of the quarter, shipping delays were encountered due to COVID-19 related issues at the Shanghai port where our product travels through - we expect these delays to be temporary. This strong start to the year solidifies the stable operational base we have established over the past couple of years. We are looking forward to further growth and establishing a long-standing sustainable track record of performance."
SGMS

Hot Stocks

07:41 EDT Scientific Games extends contract with interactive entertainment group Entain - Scientific Games Corporation, doing business as Light & Wonder has extended its existing agreement with global sports betting, gaming and interactive entertainment group Entain through to 2030. The original agreement signed with Entain in 2018 was a landmark deal for the Company and the largest contract to date for Light & Wonder's UK gaming business. This extension has built on this successful relationship and is testament to the ongoing success of the Company's UK retail server-based gaming solution and strength of the long-term partnership with Entain. Light & Wonder will continue to supply over 10,000 terminals to Entain's licensed betting offices LBO through their Coral and Ladbrokes retail shops. The Company will also provide industry-leading game titles from its global game portfolio as well as titles from its Manchester Studio, which has recently launched successful key titles including Lord of The Rings and 777 High & Mighty. Additionally, the Company's leading content aggregation platform provides Entain access to an extensive library of over 3,000 titles available from the world's leading studios, complemented by cutting-edge player features including responsible gaming tools. "Our stores provide an engaging and differentiated experience for our customers. Light & Wonder enhances that with the industry's best gaming machines backed up by a great range of leading games, service infrastructure and support," said Andy Hicks, Retail MD UK & Ireland at Entain.
AGRX

Hot Stocks

07:40 EDT Agile Therapeutics reports Q1 Twirla cycles dispensed up 29% to 16,602 - Agile Therapeutics announced Twirla prescription data for the first quarter 2022. During the first quarter 2022: Twirla cycles dispensed increased 29% to 16,602; Total prescriptions increased 27% to 12,494; Refills increased 31% to 7,143; New prescriptions increased 22% to 5,351; Total prescribers increased 26% to 5,837. "As I said on our recent fourth quarter 2021 earnings call, we believe we have a brand that is building steady growth momentum, which we saw continue in the prescription demand data for the first quarter 2022," said Al Altomari, Agile Therapeutics Chairman and Chief Executive Officer. "This growth is consistent with what we reported for the fourth quarter 2021 and we continue to believe we are seeing signs of a healthy, growing brand."
MLSS

Hot Stocks

07:39 EDT Milestone Scientific expands its dental strategy with recent agreements - Milestone Scientific announced it has expanded its dental strategy, entering the growing dental implant and dental service organization markets, along with new educational initiatives. Recent Agreements: Added Keystone Dental Group as a strategic channel partner for the STA Single Tooth Anesthesia System; Established a partnership with American Independent Dental Alliance, America's premier DSO network of private practice dentists, as part of a broader initiative to target the DSO market; Enhanced educational activities through an agreement with Esthetic Professionals. Arjan Haverhals, CEO of Milestone Scientific Inc. commented, "We are delighted to announce a series of key initiatives to expand domestic distribution of the STA Single Tooth Anesthesia system. Keystone Dental Group is an ideal strategic channel partner given their dedicated sales force and broad reach across the U.S. Implant dentistry is a natural fit for the STA Single Tooth Anesthesia system, since it allows for localized anesthesia across a wide range of dental procedures. Through the use of our STA Single Tooth Anesthesia system, implant dentistry can be performed without the discomfort or potential risks and complications that could occur when numbing an entire quadrant of the patient's mouth. Keystone Dental Group has a proven track record of introducing new products, including specialized instruments that require hands on training and support."
EDIT SRPT

Hot Stocks

07:38 EDT Editas Medicine appoints Gilmore O'Neill as CEO - Editas Medicine (EDIT) announced that its Board of Directors has appointed Dr. Gilmore O'Neill, M.B., M.M.Sc., as President and CEO. James Mullen will serve as Executive Chairman of the Company's Board of Directors. These changes are effective June 1, 2022. Dr. O'Neill most recently served as Executive Vice President of R&D and Chief Medical Officer at Sarepta Therapeutics (SRPT).
STLA QCOM

Hot Stocks

07:36 EDT Stellantis, Qualcomm collaborate to power vehicle platforms with Snapdragon - Stellantis (STLA) and Qualcomm Technologies (QCOM) announced a multi-year technology collaboration to utilize the latest Snapdragon Digital Chassis advancements to deliver intelligent, customizable and immersive in-vehicle experiences vehicles across Stellantis' 14 automotive brands beginning in 2024. This agreement will facilitate Stellantis' plan to merge all software domains into High Performance Computers, leveraging the high-performance, low-power Snapdragon Automotive Platforms across all major vehicle domains as well as contribute to securing Stellantis' supply chain on strategic components. "Our technology collaboration with Qualcomm Technologies is another example of how we are identifying industry leaders to work alongside our passionate and talented internal teams as we transform our vehicles through a software-defined approach. This will ultimately better meet the needs of our customers' lifestyles through safe, personalized, and always-connected features," said Carlos Tavares, Stellantis CEO. "Qualcomm Technologies' broad experience in automotive and scale as a semiconductor leader will enable us to vertically integrate key elements of our new platforms and more closely manage the complete electronics supply chain to provide access to the best technologies, enable the fulfillment of Stellantis' volume potential and achieve our Dare Forward 2030 ambition."
ALAC

Hot Stocks

07:35 EDT SolarMax intends to terminate plan of merger with Alberton Acquisition - On April 13, 2022, Alberton Acquisition was notified by SolarMax Technology that it intended to terminate an agreement and plan of merger, dated as of October 27, 2020 because it reasonably believed that the proposed merger between the Company and SolarMax would not be completed by April 26, 2022. Under the current charter of the Company and pursuant to the Merger Agreement, the Company needs to complete its initial business combination on or before April 26, 2022. Additionally, as previously announced, the Company has obtained an extension from a Nasdaq Hearings Panel through April 26, 2022, to complete the Merger in order for the Company's securities - units, ordinary shares, warrants and rights - to remain listed on Nasdaq. If the Merger is not completed, the Company's securities will be suspended by Nasdaq promptly following April 26, 2022, or such earlier date as Nasdaq has determined that the Merger cannot be completed by April 26, 2022. Upon such trading suspension, the Company's securities will be traded on the over-the-counter market. As of April 13, 2022, the registration statement on Form S-4 with a proxy statement containing information about the Merger was not declared effective by the U.S. Securities and Exchange Commission. If the Company cannot commence mailing of a definitive proxy statement on April 14, 2022, the Company will not be able to consummate the Merger by April 26, 2022 and will be forced to dissolve and liquidate.
BHVN

Hot Stocks

07:35 EDT Biohaven Pharmaceutical's Nurtec expands coverage, adds lactation label data - Biohaven Pharmaceutical announced two updates regarding Nurtec ODT - rimegepant -, the only FDA-approved medication to both treat and prevent migraine attacks in adults. Biohaven has secured additional commercial insurance coverage for Nurtec ODT starting in April that expands the total number of commercial lives covered to 96% or approximately 255 million people via all channels. The FDA has approved a label amendment of the Nurtec ODT Prescribing and Patient Information to include clinical lactation data in the Use in Specific Populations section as it relates to women who are breastfeeding. The label amendment was approved based on data from a Phase 1 study evaluating the excretion of a single dose of rimegepant 75 mg in the human milk of healthy lactating women, recently published in the peer-reviewed journal, Breastfeeding Medicine.
SURF

Hot Stocks

07:34 EDT Surface Oncology announces initiation of Phase 2 studies on SRF388 - Surface Oncology announced the initiation of two Phase 2 clinical studies evaluating SRF388, a potential first-in-class antibody against IL-27. The trials include a randomized Phase 2 clinical study evaluating SRF388 in combination with Roche's atezolizumab and bevacizumab in patients with treatment-naive hepatocellular carcinoma and a Phase 2 monotherapy study in patients with previously-treated non-small-cell lung cancer, NSCLC. "While important progress has been made in recent years, unfortunately the prognosis for the majority of patients with hepatocellular carcinoma and previously-treated non-small cell lung cancer remains very poor," said Alison O'Neill, M.D., chief medical officer. "We have generated strong translational and early clinical data supporting a role for IL-27 blockade in these diseases, and we are pleased to be able to evaluate SRF388's potential to improve patient outcomes in these indications."
GPL

Hot Stocks

07:30 EDT Great Panther Mining reports Q1 production of 17,913 gold equivalent ounces - Great Panther Mining reports production results for the three months ended March 31, from its two wholly-owned operating mines, Tucano in Brazil and Topia in Mexico. First quarter 2022 production highlights: Consolidated metal production of 17,913 gold equivalent ounces, inclusive of 14,319 gold ounces and 173,698 silver ounces. Total gold production at Tucano of 14,037 Au oz. Total silver equivalent production at Topia of 290,694 silver equivalent ounces.
TWTR

Hot Stocks

07:27 EDT Musk says he 'doesn't have confidence' in Twitter management
TWTR

Hot Stocks

07:26 EDT Musk: 'Not playing the back-and-forth game' with Twitter offer - Elon Musk sent a text message on Wednesday evening to Twitter chairman Bret Taylor. The text read: "As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made. After the past several days of thinking this over, I have decided I want to acquire the company and take it private. I am going to send you an offer letter tonight, it will be public in the morning. Are you available to chat? 1. Best and Final: a. I am not playing the back-and-forth game. b. I have moved straight to the end. c. It's a high price and your shareholders will love it. d. If the deal doesn't work, given that I don't have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder. i. This is not a threat, it's simply not a good investment without the changes that need to be made.ii. And those changes won't happen without taking the company private. 2. My advisors and my team are available after you get the letter to answer any questions a. There will be more detail in our public filings. After you receive the letter and review the public filings, your team can call my family office with any questions."
GFAI

Hot Stocks

07:20 EDT Guardforce regains compliance with Nasdaq listing requirements - Guardforce AI announced that it has received notice from the Nasdaq Stock Market on April 11, 2022 informing Guardforce AI that it has regained compliance with the minimum bid price requirement under Nasdaq listing rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Consequently, Guardforce AI is now in compliance with all applicable listing standards and its ordinary share will continue to be listed on The Nasdaq Capital Market. Guardforce AI was previously notified by Nasdaq on March 9, 2022 that it was not in compliance with the minimum bid price rule because its ordinary share failed to meet the closing bid price of $1.00 or more for 30 consecutive business days. In order to regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on April 8, 2022, the tenth consecutive trading day when the closing bid price of the Company's ordinary share was over $1.00.
NNDIF

Hot Stocks

07:18 EDT Daniel Lau acquires additional priority units of Noranda Income Fund - Daniel Lau announced that on April 13, 2022, in his capacity as an Advising Representative for Qwest Investment Fund Management, on behalf of the LM Asset Fund Limited Partnership, he acquired control and direction over 800,000 priority units of Noranda Income Fund at a price of $1.65 per Unit. The acquired Units represent approximately 2.13% of the issued and outstanding Units of Noranda. As a result of the acquisition and together with securities previously held personally by Daniel Lau, he now owns and/or exercises control and direction over 4,353,700 Units which represent approximately 11.61% of the issued and outstanding Units of Noranda. Prior to the acquisition, Daniel Lau had beneficial ownership of 114,000 Units and had control and direction over 59,700 Units held by LM Asset Management and 3,380,000 Units held by LM Asset Fund Limited Partnership, in his capacity as Advising Representative for Qwest Investment Fund Management. Following the acquisition, Daniel Lau has beneficial ownership of 114,000 Units and has control and direction over 59,700 Units held by LM Asset Management, and 4,180,000 Units held by LM Asset Fund Limited Partnership, in his capacity as Advising Representative for Qwest Investment Fund Management. Daniel Lau, in his capacity as Advising Representative for Qwest Investment Fund Management Ltd., acquired the Units for passive investment purposes. Daniel Lau and/or its joint actors may, from time to time, directly or indirectly, acquire or sell securities of Noranda.
WFC

Hot Stocks

07:17 EDT Wells Fargo says likely to see increase in credit losses from historical lows - "Our internal indicators continue to point towards the strength of our customers' financial position, but the Federal Reserve has made it clear that it will take actions necessary to reduce inflation and this will certainly reduce economic growth. In addition, the war in Ukraine adds additional risk to the downside. Wells Fargo is positioned well to provide support for our clients in a slowing economy. While we will likely see an increase in credit losses from historical lows, we should be a net beneficiary as we will benefit from rising rates, we have a strong capital position, and our lower expense base creates greater margins from which to invest." Scharf concluded.
UNCY

Hot Stocks

07:16 EDT Unicycive announces KOL event highlighting kidney disease treatments - Unicycive Therapeutics announced that there will be a Key Opinion Leader Event discussing "Novel Treatments in Kidney Disease" with leading physician and thought leader, Glenn Chertow, M.D., MPH, Professor of Medicine at Stanford University School of Medicine and, by courtesy, Professor of Epidemiology and Population Health. Dr. Chertow also serves as a member of Unicycive Therapeutics' Scientific Advisory Board. The event will be moderated by Elemer Piros, Ph.D., Senior Biotechnology Analyst at ROTH Capital, who covers Unicycive Therapeutics. Date/Time:April 20, 2022 from 12:00 pm - 1:00 pm.
WFC

Hot Stocks

07:15 EDT Wells Fargo reports Q1 return on equity 8.4%, return on assets .78% - Reports Q1 NIM 2.16%. Reports Q1 efficiency ratio 79%.
KONEF

Hot Stocks

07:14 EDT Wellbeing Digital CEO unveils global, comprehensive strategy - Wellbeing Digital Sciences is pleased to announce the start of a global and comprehensive strategy, mission and vision for Wellbeing by its recently appointed CEO, Najla Guthrie. The plan involves expanding the Company's primary focus and re-engineering of psychedelic treatment services offered throughout North America. Wellbeing will work to establish next-generation mental health clinics, contemporize existing clinic facilities and launch best-in-class adjunct programs to improve patient treatment outcomes. With expertise spanning several areas of mental health treatments as well as contract research, Wellbeing will facilitate the development and clinical adoption of novel mental health treatments. The comprehensive plan is expected to bolster Wellbeing's goal of becoming the healthcare model of choice in North America for the treatment of mental illnesses. The Company's pursuits are to be centred around the following values and mission: To enrich lives through mental healthcare services; To transform lives, improve patient experience, through a contemporary, global and comprehensive mental healthcare model of service; To equip clinicians with new tools to complement existing pharmacotherapeutic approaches; To re-conceptualize the way mental health services are delivered to the community; and To make a positive impact on the lives of patients, create an active network of collaborating mental heath experts, foster future innovation, and re-engineer the way present-day mental healthcare services are delivered to create change and improve patient outcomes. By the age of 40, approximately 50% of the population will suffer or have suffered from a mental health illness. Accordingly, the Company's management team deems it to be more important now than ever to find innovative and effective solutions to address mental illness issues. Wellbeing aims to conduct contract research and provide novel technology-enabled solutions backed by scientific evidence, to clinics around North America, by using digital therapeutics to complement physical therapy, psychotherapy, pain management and psychedelic-based treatments. The Company also intends to create a contemporary network of collaborating clinicians to bring forth the best mental health services under its re-conceptualized plan.
TWTR TSLA

Hot Stocks

07:14 EDT Twitter confirms receipt of unsolicited, non-binding proposal from Elon Musk - Twitter confirmed it has received an unsolicited, non-binding proposal from Elon Musk to acquire all of the company's outstanding common stock for $54.20 per share in cash. The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the company and all Twitter stockholders.
DLTNF

Hot Stocks

07:13 EDT Delta 9 Cannabis enters into agreement with Manitoba - Delta 9 Cannabis announces that, through its new wholly owned subsidiary Delta 9 Logistics, it has entered into a Limited Cannabis Distribution Agreement with Manitoba Liquor and Lotteries, MBLL, and the Company anticipates becoming one of Manitoba's first licensed cannabis distributors. Under the Distribution Agreement, Delta 9 intends to work with authorized cannabis suppliers to provide cross-docking and distribution services, fulfilling delivery of orders to licensed cannabis retailers within the province of Manitoba. "We see Delta 9's entry into the distribution services space to be the logical next step in the Company's vertical integration strategy," said John Arbuthnot, CEO of Delta 9. "Delta 9's existing relationships with the Canadian cannabis industry's leading suppliers and centralized warehouse presence in Winnipeg make us the ideal provider of these market services."
WDOFF

Hot Stocks

07:12 EDT Wesdome Gold Mines reports Q1 gold production of 25,611 oz - Wesdome Gold Mines announces first quarter 2022 production results. Duncan Middlemiss, President and CEO, commented, "Wesdome's first quarter combined production of 25,611 oz was essentially in line with expectations and represents the low quarterly production for the year, as we made significant investments in the business during the quarter to set us up for a stronger second half at both assets. At Eagle, we will have additional ore available from the Falcon Zone, which is expected to boost both volume and grade. At Kiena, the ramp up has been impacted by unscheduled downtime related to the underground crusher. As well, some equipment delays and staff absences in the beginning of the year due to the outbreak of the Omicron variant impacted development, hence the lower grade in Q1. These challenges have largely been rectified, and commercial production is on track for mid year. This is a transformational year for Wesdome as Eagle continues its 100,000 plus ounce per year run rate, and as we begin to hit our stride with full commercial production at Kiena, getting that much closer to our stated objective of becoming Canada's next intermediate gold producer."
BABYF

Hot Stocks

07:12 EDT Else Nutrition signs new agreement to expand its products with Rouses Markets - Else Nutrition announced that following the successful launch and performance of Else Toddler Nutrition, Rouses Markets has added two additional products - Else Plant-Based Kids Shakes, in chocolate and vanilla flavors. The products are now available at all 65 Rouses' locations and extend the company's shelf presence by offering its clean label-certified and whole Plant-Based nutrition into the kids' segment.
GOLD

Hot Stocks

07:10 EDT Barrick Gold remains 'on track' to achieve 2022 gold, copper guidance
SEE XOM

Hot Stocks

07:10 EDT SEE, ExxonMobil, and Ahold Delhaize team on circularity initiative - SEE (SEE), ExxonMobil (XOM), and Ahold Delhaize USA announced their collaboration on an advanced recycling initiative, the first of its kind in the U.S. The project recycles flexible plastics from the food supply chain and remakes them into new, certified circular food-grade packaging. The initiative is expected to begin this summer and scale over time. "We're proud to work with SEE and ExxonMobil on this collaboration, which has the potential to radically change the way retailers and manufacturers leverage food-grade recycled plastics as a key means of keeping plastics out of landfills," said Brittni Furrow, VP, Health & Sustainability, Ahold Delhaize USA. "We're eager to learn from this work and apply the learnings to advance our own plastics ambitions, but also advance these efforts broadly, helping to ensure a better tomorrow for our planet." A critical challenge facing the food industry is driving a circular economy for plastics using packaging materials that have strict hygiene and performance requirements for food protection and distribution. Recovering these essential packaging materials requires innovative recycling solutions beyond traditional mechanical recycling. The collaboration between SEE, ExxonMobil, and Ahold Delhaize USA will help increase the use of recycled content by validating the technical and economic viability of a certified circular system based on advanced recycling technology and mass balance attribution. Flexible plastics will be designed to be collected, recycled, and repurposed into new food packaging. The project will help keep used flexible plastics out of landfills, increase the number of times essential plastics can be recycled, and ensure the safety and quality of packaged foods.
GOLD

Hot Stocks

07:09 EDT Barrick preliminary Q1 production of 1M ounces of gold, 101M pounds of copper - Barrick Gold reported preliminary Q1 sales of 1M ounces of gold and 113M pounds of copper, as well as preliminary Q1 production of 1M ounces of gold and 101M pounds of copper. As previously guided, Barrick's gold production in 2022 is expected to be the lowest in the first quarter increasing through the year, while copper production is expected to be higher in the second half of the year. The company said it remains on track to achieve its full year gold and copper guidance. As expected, preliminary Q1 gold production was lower than Q4 2021 including at: Carlin and Cortez following the depletion of stockpiled higher grade underground ore processed in Q4 2021 after the mechanical mill failure at the Goldstrike roaster in Q2 2021; Kibali and Turquoise Ridge due to planned maintenance; and Tongon due to mine sequencing. As Q1 gold ounces sold are 20% lower than the previous quarter, Q1 gold cost of sales per ounce is expected to be 10% to 12% higher, total cash costs per ounce are expected to be 15% to 17% higher and all-in sustaining costs per ounce are expected to be 19% to 21% higher than Q4. Preliminary Q1 copper production was lower than Q4 2021, primarily at Lumwana as planned. As previously guided, the company continues to expect steadily increasing throughput at Lumwana over the course of 2022. Notwithstanding the lower production, Q1 copper sales were in line with the prior quarter. Compared to Q4 2021, Q1 copper cost of sales per pound is expected to be in line with the prior quarter, while C1 cash costs per pound are expected to be 10 to 12% higher mainly due to lower planned grades at Lumwana.
LKNCY

Hot Stocks

07:08 EDT Luckin Coffee files 2021 annual report on Form 20-F - Luckin Coffee announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission.
CTIC

Hot Stocks

07:08 EDT CTI BioPharma's Vonjo included in NCCN Myeloproliferative Neoplasm guidelines - CTI BioPharma announced that Vonjo - pacritinib -, its novel oral kinase inhibitor with specificity for JAK2 and IRAK1, without inhibiting JAK1, has been included as a recommended treatment in the latest National Comprehensive Cancer Network Clinical Practice Guidelines in Oncology for Myeloproliferative Neoplasms.
GFAI

Hot Stocks

07:08 EDT Guardforce regains compliance with Nasdaq - Guardforce announced that it has received notice from Nasdaq informing Guardforce AI that it has regained compliance with the minimum bid price requirement under Nasdaq listing rule 5550 for continued listing on Nasdaq. Consequently, Guardforce AI is now in compliance with all applicable listing standards and its ordinary share will continue to be listed on Nasdaq.
MRNS

Hot Stocks

07:08 EDT Marinus says Marigold trial of ZTALMY for CDD seizures effective - Marinus Pharmaceuticals announced that The Lancet Neurology has published results from the pivotal Phase 3 Marigold trial of ZTALMY organaxolone, for the treatment of seizures associated with CDKL5 deficiency disorder, CDD. The paper, "Efficacy and safety of ganaxolone in patients with CDKL5 deficiency disorder: a randomized, double-blind, placebo-controlled, Phase 3 trial," can be accessed on The Lancet Neurology website, here. This was the first double-blind placebo-controlled study providing evidence of efficacy in CDD-associated seizures. "The publication of these data highlights the importance of bringing new treatments to people affected by very refractory epilepsy, including the CDKL5 deficiency disorder community, and adds to the growing body of clinical research data currently available," said Dr. Elia M. Pestana Knight, M.D., a Principal Investigator for the Marigold trial and pediatric epileptologist at the Cleveland Clinic Neurological Institute. "The results demonstrate that ZTALMY was effective in treating seizures associated with CDKL5 deficiency disorder and provides physicians with a novel medication for the management of this difficult to treat patient population." Dr. Pestana Knight is a member of Marinus' Scientific Advisory Board. She joined the Board after the completion of the Marigold randomized trial. ... "These trial results exemplify our confidence in the unique mechanism of action of ganaxolone to benefit CDD patients with uncontrolled seizures, and we will continue to explore its potential across a range of seizure disorders." CDKL5 deficiency disorder is a serious and rare genetic disorder that is caused by a mutation of the cyclin-dependent kinase-like 5 gene, located on the X chromosome. CDD is characterized by early-onset, difficult-to-control seizures and severe neurodevelopmental impairment.
ONCY

Hot Stocks

07:05 EDT Oncolytics' pelareorep shows anti-cancer potential in publication - Oncolytics announced the publication of preclinical data demonstrating the synergistic anti-cancer activity of pelareorep combined with chimeric antigen receptor (CAR) T cell therapy in solid tumors. Key data and conclusions from the paper include: the persistence and anti-cancer activity of CAR T cells improved drastically when loaded with pelareorep; compared to either treatment alone, treatment with CAR/Pela therapy led to statistically significant survival benefits in murine skin and brain cancer models; CAR/Pela therapy followed by a pelareorep boost led to enhanced efficacy in murine skin and brain cancer models and tumor cures in greater than80% of treated mice in each model; loading CAR T cells with pelareoep led to improved cancer cell targeting and prevented antigen escape in vivo by generating CAR T cells with dual specificity that target their designed antigen and the native T cell receptor antigen. These results indicate that CAR/Pela therapy may provide longer-lasting therapeutic benefits compared to treatment with CAR T cells alone.
BYSI

Hot Stocks

07:04 EDT BeyondSpring expects cash to fund operations over next year - As of December 31, 2021, the Company had cash, cash equivalents, and short-term investments of $72.4M. The Company believes it has sufficient cash to support its ongoing operations and clinical programs over the next year.
MAIN

Hot Stocks

07:04 EDT Main Street originated $226.6M in new commitments in Q1 - Main Street Capital is pleased to announce the following recent activity in its private loan portfolio. During the first quarter of 2022, Main Street originated approximately $226.6M in new commitments in its private loan portfolio across six new and two existing borrowers and funded total investments across its private loan portfolio with a cost basis totaling approximately $201.5M.
CTSO

Hot Stocks

07:03 EDT CytoSorbents to expand direct sales of CytoSorb to United Kingdom - CytoSorbents announces that it has registered a new subsidiary, CytoSorbents Medical UK Limited, with plans to establish a direct sales presence within the United Kingdom and Ireland. CytoSorbents previously sold CytoSorb via distributor partners within the region. With a new direct commercialization presence, CytoSorbents expects to focus its resources and expertise to expand the use of CytoSorb in hospitals throughout this territory, while providing world-class support and education for physicians and healthcare professionals. The UK is the third largest medical device market in Europe and the sixth largest in the world. CytoSorbents will now directly commercialize its products in 15 countries, with sales in more than 70 countries worldwide.
REGN

Hot Stocks

07:01 EDT Regeneron: FDA extends review of BLA for REGEN-COV to treat COVID-19 - Regeneron announced that the U.S. FDA has extended by three months its review of the Biologics License Application for REGEN-COV to treat COVID-19 in non-hospitalized patients and as prophylaxis in certain individuals. The extension is due to ongoing discussions with the FDA on pre-exposure prophylactic use, for which Regeneron has submitted additional data from its completed prophylaxis trial that the FDA has accepted for review. The FDA considers the submission of these additional data to be a Major Amendment to the BLA and has provided a new target action date of July 13, 2022. The FDA has not requested any new studies to complete its review of the current BLA at this time.
SNY

Hot Stocks

07:00 EDT Sanofi reports Phase 1/2 study results of rilzabrutinib published in NEJM - Sanofi announced that "positive" results from the Phase 1/2 dose-finding study evaluating the safety, pharmacokinetics and clinical activity of rilzabrutinib, an investigational oral Bruton's tyrosine kinase inhibitor, in adults with heavily pre-treated immune thrombocytopenia were published in the New England Journal of Medicine. Results demonstrate treatment with rilzabrutinib led to a rapid and durable increase in platelet count and support an acceptable safety profile. Sanofi is investigating the safety and efficacy of twice daily rilzabrutinib for adults and adolescents with chronic ITP in the ongoing Phase 3 clinical study LUNA 3, initiated in April 2021, the company noted. Dietmar Berger, M.D., Ph.D., Global Head of Clinical Development and Chief Medical Officer, Sanofi, said: "We are pleased to share these encouraging early clinical results through this publication. These findings demonstrate a clinically meaningful response in difficult-to-treat ITP patients who received a median of four prior ITP therapies. Moreover, the overall study population, which also included less refractory patients, showed a numerically higher response. Rilzabrutinib could become a first-in-class BTK inhibitor therapy with the potential to increase platelet counts quickly and durably for people with ITP." Rilzabrutinib was granted Fast Track Designation by the U.S. Food and Drug Administration for treatment of ITP in November of 2020 and was previously granted orphan drug designation. Rilzabrutinib is being investigated in multiple clinical trials across a range of diseases including immunological and inflammatory diseases.
NVS ABBV

Hot Stocks

06:59 EDT Sandoz launches generic brimonidine tartrate/timolol maleate eyedrop in U.S. - Sandoz, a Novartis (NVS) division, announced the U.S. launch of its generic combination eyedrop brimonidine tartrate/timolol maleate ophthalmic solution 0.2%/0.5%, an AB-rated generic equivalent to AbbVie's (ABBV) COMBIGAN, to lower eye pressure in patients with ocular hypertension. This prescription eyedrop is immediately available to patients via retail pharmacies, the company noted.
ASM

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06:58 EDT Avino Silver & Gold Mines reports Q1 production 457,798 silver equivalent ounces - Silver production remained constant at 164,358 ounces. Copper production increased by 8% to 1.2M pounds. Gold production decreased by 66% to 801 ounces. Mill throughput increased by 7% to 111,138 tons.
USB

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06:51 EDT U.S. Bancorp reports Q1 average total deposits growth of 6.5% year-over-year - In Q1: Average total loans and earning assets growth of 6.5% year-overyear. Average total loans grew 3.4% on a linked quarter basis. Average total deposits growth of 6.5% year-over-year and 1.0% linked quarter. Net charge-off ratio of 0.21% in 1Q22 compared with 0.17% in 4Q21 and 0.31% in 1Q21. Nonperforming assets decreased 7.6% on a linked quarter basis and 32.5% year-over-year. CET1 capital ratio of 9.8% at March 31, 2022, compared with 10.0% at December 31, 2021, driven by strong loan growth.
LE

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06:50 EDT Land's End launching on-air collaboration with QVC - Lands' End is unveiling an on-air collaboration with QVC following an e-commerce relationship with the video-shopping company which launched late last year. The on-air debut will feature women's swimwear live and across QVC's digital platforms Friday, April 15.
USB

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06:49 EDT U.S. Bancorp CEO says 'healthy trends in consumer and business activity' in Q1 - Andy Cecere, Chairman, President and CEO, U.S. Bancorp said, "In the first quarter, we reported earnings per share of $0.99 and a return on tangible common equity of 16.6%. Our results benefitted from healthy trends in consumer and business activity. We saw very strong loan growth, which drove solid growth in net interest income. Our fee revenue growth was supported by improving business activity and new business wins. Notably, we continued to see good momentum in our payments businesses reflecting both continued cyclical recovery in pandemic impacted industries, particularly travel and entertainment sectors, as well as the benefit from previous investments. We continue to manage our operating expenses prudently, even as we invest for the future, and we continue to benefit from the progress we are making on initiatives aimed at advancing our digital offerings, expanding our payment services capabilities and enhancing our core technology. We continue to work on integration activities related to our planned acquisition of Union Bank and we remain confident the strategic and financial merits of this deal will meaningfully enhance shareholder value and the combination will benefit our customers, our communities and our employees for years to come. Our credit quality remains strong, and we continue to approach credit decisions with a through the cycle lens. In summary, the year is off to a good start, and I would like to thank our employees for their hard work and dedication to serving all our constituents."
PFE BNTX

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06:48 EDT Pfizer, BioNTech announce results from trial of vaccine booster dose in children - Pfizer Inc. (PFE) and BioNTech SE (BNTX) announced results from a Phase 2/3 clinical trial evaluating the safety, tolerability and immunogenicity of a 10-microgram booster dose of the Pfizer-BioNTech COVID-19 vaccine in healthy children 5 through 11 years of age. These data demonstrate an increase in SARS-CoV-2 Omicron variant and wild-type strain neutralizing titers following a booster dose of the Pfizer-BioNTech COVID-19 vaccine compared to two doses. These data reinforce the potential function of a third dose of the vaccine in maintaining high levels of protection against the virus in this age group. In the Phase 2/3 clinical trial, data were analyzed from 140 children 5 through 11 years of age received a booster dose approximately 6 months after the second dose of the Pfizer-BioNTech COVID-19 vaccine 10-microgram primary series. Data from a sub analysis of 30 sera from this study indicate that serum antibodies induced by a third dose neutralize the SARS-CoV-2 Omicron variant in this age group, as demonstrated by a 36-fold increase in neutralizing antibody titers compared to levels seen after two doses of the Pfizer-BioNTech COVID-19 Vaccine. A robust response was observed regardless of prior SARS-CoV-2 infection. Further, immunogenicity data from 140 participants in the Phase 2/3 clinical trial with who had no evidence of prior SARS-CoV-2 infection showed a 6-fold increase in SARS-CoV-2 wild-type strain-neutralizing geometric mean titers one month after the booster compared to the SARS-CoV-2-neutralizing GMTs one month after the second dose of the Pfizer-BioNTech COVID-19 vaccine, demonstrating a strong immune response in this age group. To date, more than 10,000 children under the age of 12 have participated in clinical trials investigating the Pfizer-BioNTech COVID-19 vaccine, and in this most recent booster data readout, the vaccine was well tolerated with no new safety signals observed. Pfizer and BioNTech plan to submit a request for Emergency Use Authorization of a booster dose for children ages 5 through 11 in the U.S. in the coming days. The companies also plan to share these data with the European Medicines Agency and other regulatory agencies around the world as soon as possible. A primary series of two 10-microgram doses of the Pfizer-BioNTech COVID-19 Vaccine was previously authorized under EUA for this age group in October 2021. The 10-microgram dose level was carefully selected based on safety, tolerability and immunogenicity data. The Pfizer-BioNTech COVID-19 Vaccine, which is based on BioNTech's proprietary mRNA technology, was developed by both BioNTech and Pfizer. BioNTech is the Marketing Authorization Holder in the United States, the European Union, the United Kingdom, Canada and the holder of emergency use authorizations or equivalents in the United States and other countries. Submissions to pursue regulatory approvals in those countries where emergency use authorizations or equivalent were initially granted are planned.
GFL

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06:48 EDT GFL Environmental to divest four liquid waste facilities, three tank farms - GFL Environmental announced that it has reached an agreement with the Canadian Competition Bureau to address concerns raised by the Bureau with the company's acquisition of the solid waste and environmental services businesses of Terrapure Environmental, which acquisition closed on August 17, 2021.GFL worked collaboratively with the Bureau to reach an agreement under which GFL has agreed to divest of four liquid waste facilities and three tank farms, located in Western Canada. These sites were expected to generate annual aggregate revenue of approximately $20 million in 2022. The company is pleased to have reached an arrangement with the Bureau on this matter and will work to complete the proposed divestiture as soon as possible. This agreement now concludes the Bureau's legal action against GFL.
USB

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06:48 EDT U.S. Bancorp reports Q1 net interest margin 2.44% vs. 2.50% a year ago
MRK

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06:47 EDT Merck's V116 vaccine granted Breakthrough Therapy Designation by FDA - Merck's V116, the company's investigational 21-valent pneumococcal conjugate vaccine, has received Breakthrough Therapy Designation from the FDA for the prevention of invasive pneumococcal disease and pneumococcal pneumonia caused by Streptococcus pneumoniae serotypes in adults 18 years of age and older. Phase 3 clinical trials for V116 are to be initiated later this year. The FDA's decision was informed by data from a Phase 1/2 study that assessed the safety, tolerability, and immunogenicity of a single dose of V116 in pneumococcal vaccine-naive adults 18-49 years of age and 50 years of age and older. Full results from the study are planned for presentation in June.
USB

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06:47 EDT U.S. Bancorp reports Q1 return on average assets of 1.09% - Reports Q1: Return on average assets of 1.09% and return on average common equity of 12.7%; Common Equity Tier 1 capital ratio of 9.8% and strong levels of liquidity.
NFGC

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06:33 EDT New Found Gold appoints Collin Kettell as CEO - New Found Gold has appointed Collin Kettell as CEO of and Vijay Mehta has joined as a member of the company's board of directors. As part of a planned transition, Craig Roberts has resigned as CEO and as a director of the company and will continue with the company as a full-time consultant in the role of Lead Advisor. Mehta is co-founder of Arkview Capital, a minority-certified private equity fund based in New York that is focused on investing in diversity-oriented businesses. Prior to founding Arkview, Vijay was a Managing Director at Ziff Brothers Investments, a multi-billion family office based in New York.
TSLA TWTR

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06:22 EDT Tesla shares drop 1.5% in premarket trading after CEO Musk makes offer for Twitter
TWTR

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06:18 EDT Twitter jumps 13% in premarket trading amid $54.20/share offer from Elon Musk
ETWO

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06:17 EDT E2open's Transportation Management application selected by Leschaco - E2open announced that Leschaco - Lexzau, Scharbau GmbH and Co. -, a global logistics service provider, has selected E2open as its next-generation TMS partner. E2open's web-based Transportation Management intelligent application will serve as Leschaco's operational backbone and is being deployed at all 73 of Leschaco's locations in 23 countries worldwide. E2open's web-based platform aims to provide Leschaco with enhanced functionality to optimize operational efficiencies and increase productivity. Over the long-term partnership, E2open will support Leschaco's goals to continue automating and streamlining processes, increasing flexibility to adapt to change, and enhancing visibility and tools.
USFD

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06:17 EDT Sachem Head comments on revised slate of Director nominees at US Foods - Sachem Head Capital Management, a beneficial owner of approximately 8.7% of the outstanding common stock of US Foods, filed updated preliminary proxy materials with the SEC in connection with US Foods' upcoming 2022 Annual Meeting of Stockholders. Sachem Head previously announced it would be reducing its slate of seven director nominees to five director nominees. It disclosed that Bernardo Hees and Meredith Adler were the two directors withdrawn from the revised slate and that it plans to solicit proxies for the election of James J. Barber, Jr., Scott D. Ferguson, Jeri B. Finard, John J. Harris and David A. Toy at the Annual Meeting. Sachem Head issued the following comment: "We went into this process knowing that Bernardo is a world-class executive and an individual of the highest integrity. Our time spent with him leading up to this point has only reinforced our views, as well as our conviction that his unique operational expertise and accomplished track record would make him an ideal leader to help reinvigorate US Foods. When we made the strategic choice to seek minority instead of majority representation on the Board, Bernardo offered to withdraw his nomination from the process, and we agreed it no longer made sense for him to be part of our slate, given the low likelihood of being able to work with him in the role we had envisioned. We want to thank Bernardo for his valuable insights and the time he devoted to this campaign. We also want to thank Meredith for the time she devoted to this campaign. Whereas we viewed - and continue to view - her recent tenure on the Board of Performance Food Group Company as a positive, the US Foods Board has repeatedly made the point to us and other stockholders that it would force her to recuse herself from virtually any discussions involving competitive strategy. We believe this is a mistake, but in the context of running a minority slate did not want to put stockholders, or Meredith, in a position where the company could effectively negate her presence on the Board, and mutually agreed with Meredith to withdraw her nomination. Sachem Head remains open to reaching a constructive resolution with US Foods that ensures the appropriate level of change takes place. Barring that, we look forward to engaging with our fellow stockholders and achieving the best long-term outcome for all of the company's stakeholders."
TWTR

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06:17 EDT Musk: Offer for Twitter is 'best and final offer'
TWTR

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06:16 EDT Twitter 'needs to be transformed as a private company,' says Elon Musk - In a letter to Twitter Chairman Bret Taylor, Elon Musk said: "I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. Twitter has extraordinary potential. I will unlock it."
TWTR

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06:15 EDT Elon Musk offers to buy Twitter for $54.20 per share in cash - On April 13, Elon Musk delivered a letter to Twitter which contained a non-binding proposal to acquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration valuing the Common Stock at $54.20 per share. In a regulatory filing, Musk said "This represents a 54% premium over the closing price of the Common Stock on January 28, 2022, the trading day before the Reporting Person began investing in the Issuer, and a 38% premium over the closing price of the Common Stock on April 1, 2022, the trading day before the Reporting Person's investment in the Issuer was publicly announced. The Proposal is non-binding and, once structured and agreed upon, would be conditioned upon, among other things, the (i) receipt of any required governmental approvals; (ii) confirmatory legal, business, regulatory, accounting and tax due diligence; (iii) the negotiation and execution of definitive agreements providing for the Proposed Transaction; and (iv) completion of anticipated financing."
TWTR

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06:14 EDT Elon Musk offers to buy Twitter for $54.20 per share in cash
EVLO

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06:09 EDT Evelo Biosciences updates guidance on clinical inflammation programs - Evelo Biosciences provided an update on the progress of its lead program in inflammation, EDP1815, and announced it will put the EDP1867 program on hold following completion of a Phase 1 clinical trial. During Q3, the company expects to discuss the path to registration for EDP1815 in psoriasis with health authorities. In the Phase 2 trial of EDP1815 in atopic dermatitis, the company now expects data to be available in 1Q23. The company intends to add a cohort of patients to the on-going Phase 2 trial of EDP1815 in atopic dermatitis to evaluate this capsule and expects data from this additional cohort to be available in the first half of 2023 and data from the first 3 cohorts of the Phase 2 atopic dermatitis trial to be available in 1Q 2023. Data from the Phase 1b clinical trial of EDP1867 showed it was safe and well-tolerated but no clear evidence of clinical benefit was observed in the small set of patients with atopic dermatitis who received the lower dose of EDP1867 and provided analyzable data at week 8, therefore the company will put the EDP1867 program on hold to focus its efforts on its lead inflammation programs EDP1815 and EDP2939.
JPM

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06:02 EDT JPMorgan announces plans for new global headquarters in New York City - JPMorgan Chase unveiled the design for its new state-of-the-art global headquarters at 270 Park Avenue, reinforcing its commitment to New York City. The 1,388-foot, 60-story skyscraper - designed by Foster + Partners - will be New York City's largest all-electric tower with net zero operational emissions and exceptional indoor air quality that exceeds the highest standards in sustainability, health and wellness. It will help define the modern workplace with 21st century infrastructure, smart technology and 2.5M square feet of flexible and collaborative space that can easily adapt to the future of work. The project is the first under New York City's innovative Midtown East Rezoning plan, which encourages modern office construction and improvements to the business district's public realm and transportation. With this new headquarters commitment, JPMorgan Chase will remain one of New York's largest employers and continue to make a significant impact on the local economy - helping small businesses and supporting additional job growth as the region recovers from the global pandemic. The firm is also making a significant investment to help improve the city's infrastructure and transit system and working closely with the Metropolitan Transportation Authority. The project is expected to be completed by the end of 2025. During the building period alone, the project will create more than 8,000 construction jobs from across 40 local unions - triggering additional economic activity of $2.6 billion for New York City and $3.6 billion for New York State overall. An independent study by Deloitte found that through JPMorgan Chase's tens of thousands of local employees and operations, the firm contributes $29.8 billion in annual economic activity to New York City, stimulating an additional 40,000 jobs across several local industries. In New York State, the firm contributes a total of $39.8 billion annually to the state's economy, stimulating an additional 61,000 jobs overall. The new building will house up to 14,000 employees - replacing an outdated facility designed in the late 1950s for about 3,500 employees. It will offer 2.5 times more outdoor space on the ground level of Park and Madison Avenues, featuring wider sidewalks and a large public plaza on Madison Avenue with natural green space and other amenities geared toward the residents, workers and visitors who frequent the neighborhood on a daily basis.
ROCC

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05:26 EDT Ranger Oil announces $100M share repurchase program - Ranger Oil announced that the company has reduced its leverage to its previously stated target, and its board of directors approved a $100M share repurchase program. As of March 31, Ranger had a net debt balance of approximately $521.6M, down approximately $64.9M from its net debt balance as of December 31, 2021.
MT

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05:23 EDT ArcelorMittal to acquire 80% of voestalpine HBI plant in Corpus Christi - ArcelorMittal announced it has signed an agreement to acquire an 80% shareholding in voestalpine's Hot Briquetted Iron, or HBI, plant located in Corpus Christi, Texas. voestalpine will retain the remaining 20%. The transaction values the Corpus Christi operations at $1B and closing is subject to customary regulatory approvals. The plant, which was opened in October 2016, is one of the largest of its kind in the world. It has an annual capacity of two million tons of HBI, a feedstock made through the direct reduction of iron ore which is used to produce high-quality steel grades in an electric arc furnace, or EAF, but which can also be used in blast furnaces, resulting in lower coke consumption. HBI is a premium, compacted form of Direct Reduced Iron, or DRI, developed to overcome issues associated with shipping and handling DRI. In parallel with the transaction, ArcelorMittal has signed a long-term offtake agreement with voestalpine to supply an annual volume of HBI commensurate to voestalpine's equity stake to its steel mills in Donawitz and Linz, Austria. The remaining balance of production will be delivered to third parties under existing supply contracts, and to ArcelorMittal facilities, including to AM/NS Calvert in Alabama, upon the commissioning of its 1.5 million ton EAF, expected in the second half of 2023.
BTG

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05:15 EDT B2Gold backs FY22 gold production view 990,000-1,050,000 ounces - The company said, "For 2022, B2Gold remains well positioned for continued strong operational and financial performance with total gold production guidance of between 990,000 - 1,050,000 ounces (including 40,000 - 50,000 attributable ounces projected from Calibre) with total consolidated cash operating costs forecast to be between $620 - $660 per ounce (see "Non-IFRS Measures") and total consolidated all-in sustaining costs ("AISC") (see "Non-IFRS Measures") forecast to be between $1,010 - $1,050 per ounce."
BTG

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05:14 EDT B2Gold reports Q1 gold production 209,365 ounces - Total gold production of 209,365 ounces was 5% above budget, and consolidated gold production of 196,473 ounces from the company's three operating mines, was 4% above budget, with solid performances from all the company's three mines, with each mine exceeding its budgeted production for Q1. Consolidated gold revenue was $366M on sales of 195,100 ounces at an average realized price of $1,874 per ounce
QD

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05:10 EDT Qudian expects sequential revenue decline in Q1, may wind down credit business - Qudian announced it has launched a new strategic business initiative in ready-to-cook meals, or QD Food. Qudian launched its QD Food business on a trial basis in March. QD Food features ready-to-cook dishes that can be prepared at home using simple procedures. Consumers order QD Food products on their smartphones through Qudian's WeChat mini-program. QD Food products are currently available in Shenzhen, and Qudian plans to expand the new business offerings to other cities in China. As of April 13, over 80 thousand unique users have placed orders since the company launched the service in late March. The typical price range of QD Food products is between RMB 12.9 and RMB 44.9 per unit before coupon discounts. In light of the regulatory uncertainties in China's online consumer finance market and to maintain its asset quality, Qudian has implemented stringent credit standards for its loan business, which have led to a significant decrease in the number of loans facilitated in Q1. As a result, the company expects its revenue to decline sequentially in the first quarter of 2022, compared with the fourth quarter of 2021. In addition, the company expects further decreases in the total amount of loans facilitated and related revenue in the second quarter of 2022. Qudian will continue to evaluate conditions in the online consumer finance market and relevant regulatory developments. Based on this ongoing assessment, the company may wind down its credit business. In the near term, Qudian expects to offer discounts and incur significant marketing expenses to expand QD Food's user base. As a result, the company expects to incur losses initially in connection with this new venture. At the same time, it will continue to explore new business initiatives to increase stakeholders' long-term value.