Stockwinners Market Radar for April 26, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
SFBC | Hot Stocks20:30 EDT Sound Financial Bancorp announces stock repurchase for up $2.0M
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TDOC | Hot Stocks20:07 EDT Cathie Wood's ARK Investment bought 101.6K shares of Teladoc today
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DNA | Hot Stocks20:05 EDT Cathie Wood's ARK Investment bought 1.3M shares of Ginkgo Bioworks today
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TWKS | Hot Stocks20:01 EDT Thoughtworks to expand business to Vietnam - Thoughtworks "announced plans to expand its business to Vietnam. Thoughtworks will create new jobs, develop local talent and build thought leadership on digital transformation, cloud, platforms, data and artificial intelligence and customer experience, product and design."
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INKC ISLE | Hot Stocks19:30 EDT Isleworth Healthcare Acquisition announces combination agreement with Cytovia - Isleworth Healthcare Acquisition Corp. (ISLE), a special purpose acquisition company, and Cytovia Holdings, a biopharmaceutical company empowering natural killer, or NK, cells to fight cancer through stem cell engineering and multispecific antibodies, earlier announced they have entered into a definitive business combination agreement. Upon consummation of this combination, Isleworth will be renamed Cytovia Therapeutics and its common stock and warrants are expected to remain listed on NASDAQ under the ticker symbols INKC and INKCW, respectively. The combined company will continue Cytovia's operations and remain focused on developing and manufacturing complementary NK cell and NK engager antibody platforms. Cytovia operates R&D laboratories in Natick, MA and a cGMP cell manufacturing facility in Puerto Rico and has scientific partnerships with Cellectis, CytoImmune Therapeutics, the Hebrew University of Jerusalem, INSERM, the New York Stem Cell Foundation, the National Cancer Institute, and the University of California San Francisco . The combined company will be led by Dr. Daniel Teper, the Co-Founder, Chairman, and CEO of Cytovia. The transaction would value the combined company at a pro forma equity value of $602M, assuming a $10 per share price, no Isleworth stockholder redemptions and no additional financing obtained prior to the closing of the transaction. As a result of the transaction, the combined company would have up to $227M in gross proceeds from a combination of approximately $207M in cash held in Isleworth's trust account, assuming no Isleworth stockholders exercise their redemption rights at closing, and $20M from PIPE financing of new investors, and without considering the proceeds of any additional prospective financing. Proceeds from private placements, funds in Isleworth's trust account, net of redemptions, and proceeds from other prospective financings, in the aggregate amount of up to one hundred million dollars, would provide Cytovia with capital for up to two years to further develop its gene-edited iNK and Flex-NK cell engager technologies. The transaction, which has been approved by each of Isleworth's and Cytovia's boards of directors, is expected to be completed in the third quarter of 2022, subject to approval by Isleworth's and Cytovia's shareholders and satisfaction, or the waiver of, customary closing conditions identified in the business combination agreement.
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MAT | Hot Stocks19:14 EDT Mattel jumps 12.9% to $24.96 after WSJ report about sale discussions with PE
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SCHW | Hot Stocks18:57 EDT Charles Schwab CEO acquires 26,108 common shares - In a regulatory filing, Charles Schwab CEO Walter Bettinger disclosed the purchase of 26,108 common shares of the company on April 26 at a price of $68.5494 per share.
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HCP | Hot Stocks18:51 EDT HashiCorp director buys $3.01M in common stock - In a regulatory filing, HashiCorp disclosed that its director Glenn Solomon bought 62.6K shares of common stock on April 22nd in a total transaction size of $3.01M.
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CMG | Hot Stocks18:51 EDT Chipotle CEO: We've been able to navigate tricky headwinds - In an interview on CNBC's Mad Money, Brian Niccol said turnover has been the best in several years, especially at the management level. The company's culture, values, and purpose is what resonates with employees, he noted. Chipotle is trying to find ways to automate things in restaurants and make the digital experience as "frictionless as possible," he added. Niccol noted that increased food costs are "real," but rather than increase menu prices, he'd prefer to eliminate inefficiencies in the business to save money.
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FCX | Hot Stocks18:50 EDT Freeport McMoRan director buys $501K in common stock - In a regulatory filing, Freeport McMoRan disclosed that its director Hugh Grant bought 12.3K shares of common stock on April 25th in a total transaction size of $501.2K.
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FBMS | Hot Stocks18:11 EDT First Bancshares raises dividend 6% to 18c - The Company announced that its Board of Directors declared a cash dividend of 18c, a 6% increase over previous quarter, per share to be paid on its common stock on May 25 to shareholders of record as of the close of business on May 10.
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IMAX | Hot Stocks18:03 EDT Imax and AEON sign agreement for two new IMAX with Laser systems in Japan - AEON Entertainment and IMAX announced plans to expand their partnership with an agreement for two new, state-of-the-art IMAX with Laser systems in Japan. Both new systems will be located at prime retail complexes in thriving suburbs of major Japanese cities, including the AEON Cinema Ichikawa Myoden outside Tokyo and AEON Cinema Shijonawate near Osaka. The deal marks a significant step forward for IMAX and AEON. IMAX's momentum in Japan has been driven in large part by its local film strategy, with IMAX earning a record $32.6M in global box office with Japanese language releases in 2021 - up from $2.5M in 2017. Japanese anime has emerged as a particularly strong growth area for IMAX.
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STNE | Hot Stocks18:02 EDT StoneCo names two new board members - StoneCo "announced additional board changes to support the next stage of the Company's growth. The StoneCo Board has approved the appointment of two new Directors, Mauricio Luchetti and Patricia Verderesi. Mr. Luchetti has been a member of the Board of Directors of several companies and has extensive experience with People and Management. Mrs. Verderesi has over 30 years' experience in the financial markets, with strong focus on risk management. At the same time, Mateus Scherer Schwening has agreed to retire from the Stone Board and was appointed VP of Finance at StoneCo Group. The appointments of Mr. Luchetti and Mrs. Verderesi as well as the resignation of Mr. Schwening and his appointment as VP of Finance are effective immediately."
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ISLE | Hot Stocks18:00 EDT Isleworth Healthcare Acquisition Corporation trading resumes
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MSFT | Hot Stocks17:50 EDT Microsoft says Xbox was top seller in quarter in U.S., U.K., Western Europe
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MSFT | Hot Stocks17:48 EDT Microsoft says 'record' Q3 quarter driven by Cloud - Says Q3 was a "record" quarter driven by strength of Microsoft Cloud. Says data stack is "unique." Says Teams is "most used" platform for work. Says has taken share globally for two quarters in a row in gaming with Xbox Series X/S. Says "redefining" game distribution through cloud gaming. Says "billions" of hours have been played on Game Pass. Comments taken from Q3 earnings conference call.
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FFIV | Hot Stocks17:47 EDT F5 Networks drops 10% to $175.00 after lowering FY22 revenue growth view - The company's Q3 revenue guidance also came in below expectations.
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V | Hot Stocks17:31 EDT Visa reports Q2 payments volume up 17% y/y - Reports Q2 cross-border volume total up 38% and processed transactions up 19%
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GOOG GOOGL | Hot Stocks17:31 EDT Alphabet expects meaningful increase in capital expenditures in FY22 - Says YouTube Shorts now getting 30B daily views. Says encouraged by initial advertiser feedback and results for Shorts. Says testing app install and other ads on Shorts. Says working to build monetization over time. Says consumers are watching 700M hours of YouTube TV content everyday. Says Waymo was the first company to use autonomous ride-hailing in two cities simultaneously. Says offering air raid alerts in Ukraine. Says Q1 travel searches were above pre-pandemic levels in 2019. Says retail had another strong quarter. Says YouTube advertising revenue in Q1 was $6.9B. Says reached over 135M people in December. Comments taken from Q1 earnings conference call.
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ISLE | Hot Stocks17:30 EDT Isleworth Healthcare Acquisition Corporation trading halted, news pending
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QRHC | Hot Stocks17:25 EDT Quest Resource announces CFO Laurie Latham retirement and succession plan - Quest Resource Holding announced that Laurie L. Latham, Quest's CFO and Senior Vice President, informed the Company of her plans to retire, after almost ten years of dedicated and valuable service to Quest. Latham's retirement from Quest is part of an orderly succession plan. She will remain with Quest until August 31. The Company has initiated a search for her successor and appointed a search committee, which will be led by Glenn Culpepper, Member of the Board of Directors.
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GM | Hot Stocks17:24 EDT General Motors CFO says commodity/logistics costs seen $2.5B higher - CFO Paul Jacobson says: "Turning to our 2022 outlook for the calendar year. We have a number of tools at our disposal as we've demonstrated to help offset higher costs and are taking active steps to ensure that we deliver on our full year 2022 guidance range of EBIT adjusted of $13B to $15B and North American margins of 10%. We're utilizing similar strategies as we have in the past to offset these commodity and logistics costs, which are currently projected to be approximately $2.5B higher than the $2.5B included in our original guidance earlier this year. These strategies include pricing actions as well as holding additional inventory of key commodities to manage price and global trade volatility. As Mary mentioned, we're also being proactive in finding cost efficiencies throughout the company. In summary, we're off to a good start to the year, and the team is laser-focused in a dynamic environment, while at the same time executing on the launch of the Cadillac LYRIQ, accelerating production of the GMC HUMMER EV and preparing for our future mass-market EV product launches."
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TWTR TSLA | Hot Stocks17:20 EDT Twitter acquisition by Musk includes $1B termination fee - According to a regulatory filing, Twitter (TWTR) said that, upon termination of the merger agreement with Tesla (TSLA) founder Elon Musk under specified limited circumstances, Twitter will be required to pay X Holdings I, the so-called "parent" in this transaction, a termination fee of $1B. Specifically, this termination fee is payable by Twitter to X because Twitter terminates the Merger Agreement to allow Twitter to enter into a definitive agreement for a competing acquisition proposal that constitutes a Superior Proposal; or X Holding terminates the Merger Agreement because the Board recommends that Twitter's stockholders vote against the adoption of the Merger Agreement or in favor of any competing acquisition proposal. This termination fee will also be payable by Twitter to Parent in the event that, generally, a competing acquisition proposal for 50% or more of the stock or consolidated assets of Twitter has been publicly announced and not withdrawn, the Merger Agreement is terminated because Twitter's stockholders fail to adopt the Merger Agreement or because Twitter materially breaches the Merger Agreement, and within twelve months of such termination of the Merger Agreement, Twitter enters into a definitive agreement providing for a competing acquisition proposal for 50% or more of the stock or consolidated assets of Twitter and such acquisition is subsequently consummated. In addition, beginning on the date of the Merger Agreement, Twitter is subject to customary "no-shop" restrictions.
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TNET | Hot Stocks17:18 EDT TriNet says business remains 'healthy and strong' - Says customer attrition in-line with historical experience in Q1. Says vertical focus is unique and "continues to pay dividends for the company." Says pipeline for products is "building." Comments taken from Q1 earnings conference call.
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GM | Hot Stocks17:18 EDT General Motors CFO says 'continue to see ongoing strong customer demand' - CFO Paul Jacobson says: "We recognize the consumer is facing inflationary pressures. However, we continue to see ongoing strong customer demand for our vehicles, including our refreshed full-size pickup trucks, as Mary mentioned. We were able to protect against significant plant downtime and the team worked effectively to minimize the impact of continued short-term disruptions from semiconductor and other challenges. Overall, we see the availability of semiconductors continuing to improve and are working closely with our supply chain partners to help deliver our full year total company wholesale volume goal of 25% to 30% growth." Comments taken from Q1 earnings conference call.
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LHX | Hot Stocks17:18 EDT L3Harris Technologies awarded $205.9M Navy contract - L3 Technologies was awarded a $205.9M cost-plus-incentive-fee, cost-reimbursement, firm-fixed-price, cost-plus-fixed-fee, and fixed-price incentive contract for engineering, manufacturing, and development; engineering support labor; low rate initial production systems, and spares for the Shipboard Panoramic Electro-Optic/Infrared, or SPEIR, program. This contract includes options which, if exercised, would bring the cumulative value of this contract to $593.05M. Work is expected to be completed by November 2025. If all options are exercised, work will continue through March 2031. FY21 research, development, test, and evaluation funds in the amount of $11M will be obligated at time of award and will expire at the end of the current fiscal year. This contract was competitively procured via the Federal Business Opportunities website, with one offer received. The Naval Sea Systems Command is the contracting activity.
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GM | Hot Stocks17:15 EDT General Motors CEO says now 'in rapid launch cycle' on EVs - CEO Mary Barra states: "We are now in a rapid launch cycle because of the investments we've made over the last several years. Taking these steps has allowed us to establish an unparalleled foundation on which to execute and scale. Because of this, our drive to produce 400,000 EVs in North America over the course of '22 and '23 is underway. For example, in the short span of time, the Chevrolet, GMC and Cadillac brands will launch 6 high-volume EV products into luxury, SUV and truck segments, all enabled by Ultium. We are also working on a fully electric Corvette, as Mark shared yesterday, as well as an electrified Corvette that will arrive next year, and I have to tell you the response has been overwhelming. So by the end of 2025, we will have installed capacity to build 1 million EVs in North America, representing approximately $50 billion in annual revenue. And we will have 3 EV programs in North America, each with annual production volumes of more than 125,000 units with opportunities to expand. This is a great start toward delivering our $90 billion of EV revenue by 2030. Cadillac will be our first all-electric brand, and its journey began last month with the production launch of the LYRIQ. Unlike all of our EV entries to date, the response has been very strong. We began taking orders for the full -- we will begin taking orders for the full range of LYRIQ models on May 19, and production at Springhill will accelerate through the second half of the year and into 2023. And I have to tell you, I was at the plant last week and the LYRIQ looks absolutely great. We will also have more affordable models that will be a major source of growth for Chevrolet and Buick. We are quickly regaining momentum with the Bolt EV and EV now that production has resumed. In fact, we plan to produce more than 50,000 Bolt EVs this year for global markets, including a record 40,000 deliveries in the U.S. The first high-volume Ultium-based SUVs for Chevrolet will launch next year. Chevrolet has already previewed the all-electric laser SS, its first fully electric SS model. We'll reveal the full vehicle in July, and it goes into production mid next year. In early fall, we will reveal the Equinox EV, and the launch is scheduled just after the Blazer EV. With a starting price of around 30,000 MSRP, the Equinox EV is a true white space opportunity for us since most affordable EVs from Chevy's competitors start at $40,000 or more. Of course, our biggest growth opportunity in North America is in trucks. We have led the industry in full-size pickup sales for the last 2 years, and we will lead in EV pickups as well. We'll do it by leveraging the capability and flexibility of our purpose-built LTM platform and decades of truck design and engineering expertise as well as extensive customer insights." Comments taken from Q1 earnings conference call.
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NCR | Hot Stocks17:13 EDT NCR Corp. drops 16% to $31.25 after lowering FY22 guidance - The company's Q1 results also missed estimates.
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PFE BNTX | Hot Stocks16:55 EDT Pfizer, BioNTech ask FDA to authorize booster dose for children ages 5-11 - Pfizer (PFE) and BioNTech (BNTX) submitted an application to the U.S. Food and Drug Administration for Emergency Use Authorization of a 10-microgram booster dose of the Pfizer-BioNTech COVID-19 Vaccine for children 5 through 11 years of age. The submission included data from the Phase 2/3 clinical trial in children ages 5 through 11 years who received a booster dose approximately 6 months after the second dose of the Pfizer-BioNTech COVID-19 Vaccine 10-microgram two-dose primary series, which was authorized under EUA for this age group in October 2021. Data from this study demonstrated a strong immune response in this age group following a booster dose of the Pfizer-BioNTech COVID-19 Vaccine with no new safety signals. The companies also plan to submit these data to the European Medicines Agency and other regulatory agencies around the world for authorization in the coming weeks.
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RRC | Hot Stocks16:51 EDT Range Resources sees FY22 all-in capital budget $460M-$480M - As previously noted, Range is targeting holding production approximately flat at 2.12Bcfe per day - 2.16 Bcfe per day, with ~30% attributed to liquids production for the FY22. Range's 2022 all-in capital budget is $460M-$480M. Updated FY22 Expense Guidance: Direct operating expense: 9c-11c per mcfe; transportation, gathering, processing and compression expense: $1.56-$1.64 per mcfe; production tax expense: 3c-5c per mcfe; exploration expense: $22M-$28M; G&A expense 15c-17c per mcfe; Interest expense 19c-21c per mcfe; DD&A expense 46c-50c per mcfe; and net brokered gas marketing expense $10M-$20M.
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ONE | Hot Stocks16:42 EDT OneSmart announces intention to change name, ticker symbol - OneSmart announced that its board of directors resolved to change the company's name to "Meta Data Limited", subject to shareholder approval being received for the name change, and ticker symbol on the New York Stock Exchange to (AIU). Pursuant to the company's fifth amended and restated memorandum and articles of association, the name change needs to be adopted by a special resolution at a general meeting of shareholders. The shareholder meeting is scheduled to be held at 10:00 p.m., Beijing Time, on April 28 at the company's headquarters in China. If approved at the shareholder meeting, the marketplace effective date of the name change and symbol change shall be April 29.
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AIR | Hot Stocks16:40 EDT AAR announces marketing partnership pact with ProvenAir Technologies - AAR CORP. has signed a marketing partnership agreement with ProvenAir Technologies, to enhance the digital solutions available to AAR customers.ProvenAir's digital solution leverages advanced technologies to analyze and dynamically generate back-to-birth trace history for life limited parts. ProvenAir automates the BtB process to save aviation customers time, increase records quality, shorten the sales cycle, ease aircraft transitions, and increase the residual value of used serviceable material. "ProvenAir's mission is to redefine service in the aviation industry through innovation and technology. We make an impact by digitizing and automating a cumbersome manual process," said James Boccarossa, ProvenAir Founder and CEO. "By partnering with AAR, one of the world's top MROs and parts suppliers, we will be able to reach more customers and help those customers realize their digitization goals."
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CGC | Hot Stocks16:39 EDT Canopy Growth expects to generate savings of $100M-$150M within 12-18 months - Canopy Growth announced that the Company is undertaking a series of initiatives to reduce costs and drive efficiency in order to accelerate its path to profitability. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. Management expects to generate cost of goods sold savings, or COGS, of $30M-$50M and reduce SG&A expenses by $70M-$100M within 12-18 months. These savings are incremental to the previously announced cost savings of $150M-$200M of which the majority have already been achieved. As a result of these strategic changes, management anticipates charges between $250M-$300M in Q4, the majority of which will be non-cash and relate to the write-down of excess inventory balances as well as "property, plant and equipment" impairments. Further, the Company expects to incur between $100M-$250M in non-cash impairment charges in Q4 largely driven by goodwill and intangible asset impairments.
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LCID | Hot Stocks16:39 EDT Lucid Group announces deal for purchase of up to 100K EVs - Lucid Group "announced an agreement with the Government of Saudi Arabia, under which the Government will purchase up to 100,000 vehicles over a ten-year period, with an initial commitment to purchase 50,000 vehicles and an option to purchase up to an additional 50,000 vehicles over the same period. As part of the agreement, the Government of Saudi Arabia has pledged to purchase vehicles, including Lucid Air and other future models, built and assembled at Lucid's existing Arizona factory and its future international manufacturing facility in Saudi Arabia. The order quantity is expected to range from 1,000 to 2,000 vehicles annually and increase to between 4,000 and 7,000 vehicles annually starting in 2025, with the delivery of the vehicles required to commence no later than the second quarter of 2023."
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VLY | Hot Stocks16:38 EDT Valley National announces up to 25M share stock repurchase program - Valley National announced that its board approved a stock repurchase program for up to 25M shares of Valley common stock. The authorization to repurchase will expire on April 25, 2024. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. Valley's board also terminated its 2007 stock repurchase program.
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IAC | Hot Stocks16:37 EDT IAC's Vivian Health Announces $60M investment Led by Thoma Bravo - Vivian Health, an IAC company, announced a $60M primary and secondary equity investment led by Thoma Bravo, with participation from IAC and Collaborative Fund. The new capital will be used to accelerate Vivian's rapid growth and further its scale among healthcare clinicians and employers, as well as to support future M&A initiatives.
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CGC | Hot Stocks16:34 EDT Canopy Growth announces cost reduction initiatives including headcount reduction - Canopy Growth announced that the Company is undertaking a series of initiatives to reduce costs and drive efficiency in order to accelerate its path to profitability. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. Aligned to Canopy Growth's FY23 strategic review, the Company is conducting the following actions: Reducing cost of goods sold in the Company's Canadian cannabis business by lowering per-gram cultivation costs through increased cultivation-related efficiencies and facility improvements; Implementing a flexible manufacturing platform inclusive of contract manufacturing for certain product formats; Rightsizing indirect costs and generating efficiencies across the Company's supply chain and procurement; Aligning selling, general and administrative costs with short-term business expectations by reducing third-party professional fees and office costs; and further streamlining the organization to drive process-related efficiencies. As a result of these challenging but necessary changes to the organizational structure, dedicated team members will be impacted as the Company operates with a reduced headcount moving forward. The Canopy Management team wishes to acknowledge the efforts of these individuals during their tenure and thanks them for their contributions to the Company.
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FMC | Hot Stocks16:33 EDT FMC Corporation wins patent infringement case against Udragon - FMC Corporation announced the Hangzhou Intermediate People's Court in Zhejiang Province, China, granted FMC a permanent injunction against Hangzhou Udragon Chemical Co., Ltd and Zhejiang Udragon Bioscience Co., Ltd. The Court found Udragon infringed on FMC's patent for a key intermediate chemical used in the manufacturing of chlorantraniliprole by conducting field trials, attending trade fairs and distributing samples of products manufactured using FMC's patented intermediate. The permanent injunction restrains Udragon from manufacturing, using and selling any product which contains a specific patented intermediate chemical used to make chlorantraniliprole, FMC's leading insect control active ingredient. The court also ordered the China-based crop protection manufacturer to compensate FMC for related damages. "We are pleased with the Court's decision, which reflects its understanding of the issues impacting the crop protection market and the importance of respect for patents - including patents covering intermediate chemicals - in China," said Michael Reilly, FMC executive vice president, general counsel and secretary. "The principles decided by the Court are also significant for future infringement actions where defendants attempt to rely on the so-called 'Bolar exemption,' a legal exemption in the pharmaceutical industry, to avoid infringement of valid intellectual property in the agrochemical segment."
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HES | Hot Stocks16:31 EDT Hess announces new discoveries, raises Stabroek Block, Offshore Guyana estimate - Hess "announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 11 billion barrels of oil equivalent, up from the previous estimate of more than 10 billion barrels of oil equivalent. The updated resource estimate includes three new discoveries on the block at Barreleye, Lukanani and Patwa in addition to the Fangtooth and Lau Lau discoveries announced earlier this year. "
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ICFI | Hot Stocks16:30 EDT ICF International selected by Federal Highway Administration - The Federal Highway Administration recently selected global consulting and digital services provider ICF for a five-year, multiple-award recompete blanket purchase agreement, or BPA, to provide technical support services to help create the next generation of multimodal transportation management systems. The BPA has a ceiling value of $94M across several awardees. ICF will bring its multidisciplinary team of experts in traffic engineering, emergency management, clean transportation, climate change, equity and data analytics to help FHWA improve the overall performance of the national transportation system.
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CTOS | Hot Stocks16:29 EDT Custom Truck announces resignation of CFO Brad Meader and transition plan - Custom Truck One Source announced that Todd Barrett, Chief Accounting Officer, will be appointed interim CFO effective May 13 concurrent with the resignation of Brad Meader, the Company's existing CFO. Meader, who will remain with the Company until May 27, 2022, and will assist in the transition, informed the Company of his intention to resign for another opportunity at a private company. The Custom Truck One Source Board of Directors has initiated a search for a successor to Meader. Barrett has served as the Chief Accounting Officer of the Company since 2019. Prior to joining the Company, Mr. Barrett was at Ernst & Young LLP for more than 20 years and served as a Partner from 2008 to 2018. Barrett received a Bachelors in Business Administration from The Ohio State University.
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ETD | Hot Stocks16:27 EDT Ethan Allen boosts quarterly dividend by 10% to 32c - Ethan Allen Interiors announced that its Board of Directors has declared and increased the regular quarterly cash dividend to 32c per share, payable on May 25 , to shareholders of record at the close of business on May 10. Farooq Kathwari, Ethan Allen's Chairman, President and CEO commented, "We are pleased to increase our regular quarterly dividend by 10% to 32c per share. The Board's decision today highlights our strong balance sheet allowing for these returns to shareholders. We believe we are well-positioned due to our relevant offerings, strong retail network, the personal service of our interior design professionals combined with technology, our unique vertical integration structure whereby about 75% of our products are made in our North American manufacturing workshops and strong national logistics with our retail home delivery centers delivering product with white glove service to our clients' home."
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TENB | Hot Stocks16:25 EDT Tenable Holdings to acquire Bit Discovery for $44.5M in cash - Tenable Holdings announced that it has signed an agreement to acquire Bit Discovery. After closing, Tenable will leverage Bit Discovery's EASM solutions across its entire portfolio. Once integrated, customers will have the ability to assess the security posture of their entire attack surface and understand each of these in the context of an attack path which might exist from external systems to critical assets. Bit Discovery was founded by Jeremiah Grossman and Robert Hansen. Grossman, who also founded WhiteHat Security, has spent approximately 20 years in information security. Under the terms of the agreement, Tenable will acquire Bit Discovery for a total purchase price of $44.5M in cash, subject to customary purchase price adjustments. The acquisition is expected to close later in the second quarter of 2022, subject to the satisfaction of customary closing conditions. Bit Discovery is not expected to have a significant impact on Tenable's financial results in the second quarter. For the second half of the year, revenue is not expected to be significant, but Bit Discovery is expected to add $2M to $3M of calculated current billings, most notably in the latter part of the year, and $2M to $3M of non-GAAP net loss.
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HOOD | Hot Stocks16:25 EDT Robinhood CEO says cutting 9% of full-time staff, financial position 'strong' - Robinhood CEO Vlad Tenev shared in a blog post a message to Robinhood employees following a company-wide meeting, stating in part: "Today we made the difficult announcement that we are letting go approximately 9% of our full-time employees... As you know, throughout 2020 and H1 2021, we went through a period of hyper growth accelerated by several factors including pandemic lockdowns, low interest rates, and fiscal stimulus. We grew net funded accounts from 5M to 22M and revenue from ~$278M in 2019 to over $1.8B in 2021. To meet customer and market demands, we grew our headcount almost 6X from 700 to nearly 3800 in that time period. This rapid headcount growth has led to some duplicate roles and job functions, and more layers and complexity than are optimal. After carefully considering all these factors, we determined that making these reductions to Robinhood's staff is the right decision to improve efficiency, increase our velocity, and ensure that we are responsive to the changing needs of our customers. While the decision to undertake this action wasn't easy, it is a deliberate step to ensure we are able to continue delivering on our strategic goals and furthering our mission to democratize finance. We will continue to accelerate our product momentum through 2022 and will introduce key new products across Brokerage, Crypto, and Spending/Saving. We will retain and continue to hire exceptional talent in key roles and provide additional learning and career growth opportunities for our employees. And of course, our international expansion efforts will continue to accelerate from here. Our financial position remains strong with over $6B in cash on our balance sheet. To keep it that way we're anticipating and being responsive to changes in the way our customers invest- especially during this time of global conflict, economic uncertainty, and high inflation. We are also scrutinizing our headcount growth targets, and making sure that we continue to prioritize internal opportunities for automation and operational efficiency that serve our customers. Doing so enables us to be more resilient in hard times, and stronger during the good." Reference Link
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RUSHA | Hot Stocks16:25 EDT Rush expects parts supply constraints to continue for remainder of year - "As we look ahead, we expect parts supply constraints to continue to impact the industry through at least the remainder of the year, but we also believe parts and service demand will remain strong throughout 2022. Additionally, we continue to expand our dedicated aftermarket sales team to support large national fleets as well as increase the size of our technician workforce. By leveraging the geographic and product breadth of our network and implementing our processes and strategic initiatives at our new locations, we believe our aftermarket results will substantially outpace the industry this year," said Rush. Commercial Vehicle Sales
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XOM | Hot Stocks16:24 EDT Exxon Mobil makes new discoveries offshore Guyana, raises Stabroek estimate - ExxonMobil announces that it "has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana in 2022. ExxonMobil currently has four sanctioned projects offshore Guyana. Liza Phase 1 is producing approximately 130,000 barrels per day using the Liza Destiny floating production storage and offloading vessel. Liza Phase 2, which started production in February, is steadily ramping up to its capacity of 220,000 barrels per day using the Liza Unity FPSO. The third project, Payara, is expected to produce 220,000 barrels per day; construction on its production vessel, the Prosperity FPSO, is running approximately five months ahead of schedule with start-up likely before year-end 2023. The fourth project, Yellowtail, is expected to produce 250,000 barrels per day when the ONE GUYANA FPSO comes online in 2025."
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MTDR | Hot Stocks16:23 EDT Matador reiterates 2022 production guidance - At April 26, 2022, Matador made no changes to its full-year 2022 guidance estimates for oil, natural gas or total oil equivalent production or capital expenditures from those originally provided on February 22, 2022.
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MTDR | Hot Stocks16:23 EDT Matador sees big change in average daily oil production in Q2 - At April 26, 2022, Matador expects to turn to sales 11 gross (7.0 net) operated horizontal wells in the Delaware Basin during the second quarter of 2022, all of which are located in the Rustler Breaks asset area in Eddy County, New Mexico and have completed lateral lengths of 1.75 miles or greater. As a result of the large number of wells turned to sales during the first quarter of 2022, Matador expects significant increases in its average daily oil and natural gas production in the second quarter of 2022. The table below provides Matador's estimates, as of April 26, 2022, for the anticipated quarterly sequential changes in the Company's average daily total oil equivalent, oil and natural gas production for the second quarter of 2022, which is unchanged from the second quarter estimates provided on February 22, 2022.
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GM | Hot Stocks16:23 EDT General Motors sees FY adjusted automotive free cash flow $7B-$9B
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HOOD | Hot Stocks16:23 EDT Robinhood letting go approximately 9% of full-time employees
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CVV | Hot Stocks16:23 EDT CVD Equipment gets order for 9 PVT systems for high-power electronics - CVD Equipment "announced that it has received an order for nine Physical Vapor Transport, PVT, systems. The systems will be used to grow Silicon Carbide material which is subsequently processed into wafers to support high power electronics applications. The systems are scheduled to ship in the second half of 2022. This order is in addition to the order for 6 PVT tools that was previously announced in Q4 2021."
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AIRG | Hot Stocks16:21 EDT Airgain, Mobix Labs partner on 5G technology - Airgain and Mobix Labs "announced an agreement for the development of strategic, future-proof 5G technology. As operators and manufacturers grapple with the various technologies under the 5G umbrella, it has become difficult to know where to invest. This presents a unique opportunity for Airgain and Mobix Labs to partner to develop disruptive, cost-effective, high performance wireless solutions for 5G mmWave and C-band applications. Combining Airgain's expertise in 5G systems and Mobix Labs' expertise in system-on-chip design, or SoCs, the collaboration will focus on development of products designed to significantly reduce the cost of ownership and provide solutions in 5G coverage gaps among carriers that fall within high-band mmWave and C-band operating frequencies."
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ARLP | Hot Stocks16:20 EDT Alliance Resource Partners raises quarterly distribution 40% to 35c per unit - Alliance Resource Partners announced that the Board of Directors of ARLP's general partner approved an increased cash distribution to its unitholders for the quarter ended March 31, 2022. ARLP unitholders will receive a cash distribution for the 2022 Quarter of 35c per unit, payable on May 13, 2022, to all unitholders of record as of the close of trading on May 6, 2022. The announced distribution represents a 250.0% increase over the cash distribution of 10c per unit for the quarter ended March 31, 2021 and a 40.0% increase over the cash distribution of 25c per unit for the quarter ended December 31, 2021.
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MET | Hot Stocks16:18 EDT MetLife raises quarterly dividend by 4.2% to 50c per share - The dividend will be payable on June 14, 2022, to shareholders of record as of May 10, 2022.
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GM | Hot Stocks16:17 EDT GM CEO Mary Barra: "Our confidence is strong as we accelerate transformation' - In a letter to shareholders, GM CEO Mary Barra said: "Our confidence is strong as we accelerate our transformation, even in the face of a challenging macro environment." Barra commented that "Launching more EVs faster is the catalyst for growth, and we are accelerating our volumes, growing to 1 million units of EV capacity in North America by the end of 2025, and expanding from there. In North America alone, we target production of 400,000 all-electric vehicles over the course of 2022 and 2023. In North America, we expect to deliver record U.S. sales for the Bolt EV and Bolt EUV in 2022, even as we service customer vehicles now that production has resumed. And between now and mid-2023, Cadillac, Chevrolet and GMC will rapidly scale production of six Ultium-based vehicles... Delivering millions of affordable EVs is a key step toward delivering on our commitment to achieve carbon neutrality in our global products and operations by 2040 and eliminate tailpipe emissions from light-duty vehicles by 2035."
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CMG | Hot Stocks16:11 EDT Chipotle sees Q2 comparable restaurant sales growth in 10%-12% range - For 2022, management is anticipating the following: Second quarter comparable restaurant sales growth, assuming current sales trends continue, in the 10% to 12% range; Between 235 to 250 new restaurant openings (including 5 to 10 relocations to add a Chipotlane), which assumes construction and permit delays don't worsen; An estimated underlying effective full year tax rate between 25% and 27% before discrete items.
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MSFT | Hot Stocks16:09 EDT Microsoft reports Q3 LinkedIn revenue up 34%, Intelligent Cloud revenue $19.1B
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MSFT | Hot Stocks16:09 EDT Microsoft to provide forward-looking guidance on earnings call
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GOOGL GOOG | Hot Stocks16:08 EDT Alphabet Class A shares down 6% after Q1 earnings report - Alphabet Class A shares are down $141.50, or 6%, to $2,231.50 in after-hours trading.
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GLPG | Hot Stocks16:08 EDT Galapagos announces appointment of Dr. Paul Stoffels as Chairman of the board - Galapagos announces that the proposed resolutions presented at the extraordinary and annual shareholders' meetings were approved, including the implementation of a one-tier governance structure. Subsequently, the newly installed board appointed Dr. Paul Stoffels* as chairman of the board.Galapagos held its Extraordinary General Meeting and Annual General Meeting on Tuesday 26 April 2022 at 13.00 CET and 14.00 CET, respectively. The EGM approved, amongst other items, the amendment of the Company's articles of association to implement a one-tier governance structure. The AGM approved, amongst other items, the appointment of Dr. Paul Stoffels* as director, and of Jerome Contamine and Dr. Dan Baker as independent directors; the 2021 financial statements; andthe remuneration report and amended remuneration policy. Following the approved resolutions, the new board has appointed Dr. Paul Stoffels* as its chair. The board strongly believes that the combined chair/CEO role will allow Paul to fully leverage his leadership capabilities and to efficiently set and implement the Company's direction and strategy, including for business development opportunities.
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AMAM | Hot Stocks16:08 EDT Ambrx Biopharma announces near term milestones - Anticipated Near-Term Milestones : Topline Phase 3 data in ACE-Breast-02 by the end of 2022; Additional Phase 1 data in ACE-Pan Tumor-01 in 2H 2022; Interim Phase 1 safety data in ARX517 for PSMA in 2H 2022; Initiate Phase 1 trial in ARX305 for RCC and other cancers in 2H 2022; and Submit IND to FDA for ARX102 in 2H 2022
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GM | Hot Stocks16:08 EDT General Motors reports Q1 EBIT-adjusted $4.04B
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GOOGL GOOG | Hot Stocks16:06 EDT Alphabet authorizes repurchase of up to added $70B of shares - On April 20, the board of directors of Alphabet authorized the company to repurchase up to an additional $70B of its Class A and Class C shares in a manner deemed in the best interest of the company and its stockholders, taking into account the economic cost and prevailing market conditions, including the relative trading prices and volumes of the Class A and Class C shares. The repurchases are expected to be executed from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans.
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COF | Hot Stocks16:06 EDT Capital One reports Q1 net interest margin 6.49%, down 11 bps sequentially
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MSFT | Hot Stocks16:06 EDT Microsoft reports Q3 Microsoft Cloud revenue of $23.4B, up 32% y/y - Going forward, digital technology will be the key input that powers the world's economic output," said Satya Nadella, chairman and chief executive officer of Microsoft. "Across the tech stack, we are expanding our opportunity and taking share as we help customers differentiate, build resilience, and do more with less." "Continued customer commitment to our cloud platform and strong sales execution drove better than expected commercial bookings growth of 28% and Microsoft Cloud revenue of $23.4 billion, up 32% year over year," said Amy Hood, executive vice president and chief financial officer of Microsoft.
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GOOGL GOOG | Hot Stocks16:05 EDT Alphabet CFO says 'pleased' with Q1 revenue growth of 23% - Ruth Porat, CFO of Alphabet and Google, said: "We are pleased with Q1 revenue growth of 23% year over year. We continue to make considered investments in Capex, R&D and talent to support long-term value creation for all stakeholders."
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GOOGL GOOG | Hot Stocks16:05 EDT Alphabet CEO says Q1 saw strong growth in Search and Cloud - Sundar Pichai, CEO of Alphabet and Google, said: "Q1 saw strong growth in Search and Cloud, in particular, which are both helping people and businesses as the digital transformation continues. We'll keep investing in great products and services, and creating opportunities for partners and local communities around the world."
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GOOGL GOOG | Hot Stocks16:04 EDT Alphabet reports Q1 Traffic Acquisition Costs $11.99B vs. $9.71B a year ago
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GOOGL GOOG | Hot Stocks16:04 EDT Alphabet reports Q1 Google Cloud revenue $5.82B vs. $4.05B a year ago
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GOOGL GOOG | Hot Stocks16:03 EDT Alphabet reports Q1 Google advertising revenue $54.66B vs. $44.68B a year ago - Reports Q1 YouTube ads revenue $6.87B vs. $6.0B in same quarter of prior year. Reports Q1 Google Search and other revenue $39.62B vs. $31.88B a year ago.
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SPTN | Hot Stocks15:44 EDT SpartanNash up 7% after Reuters' report of takeover interest - SpartanNash shares are up $2.51, or 7%, to $37.00 following the report.
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SPTN | Hot Stocks15:41 EDT SpartanNash trading resumes
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SPTN | Hot Stocks15:36 EDT SpartanNash trading halted, volatility trading pause
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ALLO | Hot Stocks15:03 EDT Allogene granted FDA Orphan Designation for multiple myeloma treatment - The FDA said that Allogene Therapeutics' treatment of multiple myeloma has been granted Orphan Designation status, but not approved for Orphan Indication. Reference Link
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PTCT | Hot Stocks15:00 EDT PTC Therapeutics granted FDA Orphan Designation for ALS treatment - The FDA said that PTC Therapeutics' treatment of amyotrophic lateral sclerosis has been granted Orphan Designation status, but not approved for Orphan Indication. Reference Link
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QGEN | Hot Stocks14:15 EDT Qiagen trading resumes
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MOLN NVS | Hot Stocks14:10 EDT Molecular Partners notes Novartis said EUA for ensovibep may require more data - Molecular Partners (MOLN) is providing an update following comments provided by Novartis (NVS) during its quarterly earnings call today. "In the call, Novartis' CEO, Vas Narasimhan stated that Emergency Use Application, or EUA, for ensovibep, which is filed and in review with the U.S. Food and Drug Administration, may require additional clinical data to be authorized. Vas Narasimhan also noted the current omicron wave of SARS-Cov-2, and the lower incidents of hospitalization associated with it, has made clinical investigations challenging to execute in this evolving environment. Novartis is engaging with the FDA to align on a potential Phase 3 study design that could provide the additional data the agency is seeking for the EUA or full regulatory approval," according to Molecular Partners' ad hoc announcement.
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CNI | Hot Stocks13:56 EDT Canadian National board launches search to identify new board member - At the first meeting of CN's Board of Directors following Jean Charest's resignation, CN's board thanked Charest for his contributions to CN. Charest was nominated to the Board in January following a rigorous selection process and resigned on April 1, 2022 to pursue public office. CN's Board has launched a search for a francophone and Quebec based director to be appointed in the coming months. This is in addition to CN's CEO, Tracy Robinson, who has relocated to Montreal. "This morning, the CN Board launched a rigorous process to identify a francophone and Quebec based director to replace Mr. Charest on the board," said CN board chair Robert Pace. "We intend to appoint a new director in the coming months. CN, headquartered in Montreal for over 100 years, and its Board of Directors, is very proud of and respects, the Company's rich history in Quebec, where the official language is French."
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TZOO | Hot Stocks13:43 EDT Travelzoo announces plans for paid, subscription-based Metaverse service - In slides for its first quarter earnings report, Travelzoo discussed entering the Metaverse via Travelzoo META, a paid subscription-based service that the company said will provide members with "exclusive access to unique and cutting-edge Metaverse travel and entertainment experiences." In the slides, Travelzoo added: "We are partnering with skilled technologists to enable us to provide high-quality experiences to our members. Many of the experiences will be browser-enabled and will not require the use of specific VR hardware. We are building Travelzoo META strategically using a phased approach to judiciously navigate the rapidly changing Metaverse environment. We will measure and assess the performance of each phase and deploy a process of continuous improvement to monitor progress and pursue next steps accordingly. Travelzoo META will be managed separately from Travelzoo's core business. Travelzoo META is being built out in a cost-efficient manner with no significant upfront investment. The cost of licenses for the experiences will be paid for by preregistrations initially, and annual subscriptions thereafter. Given the newness of the industry, we are spending additional time finalizing a few important technicalities. Contingent on the status of our technical requirements, we are now planning to launch Phase 1 in May." Reference Link
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QGEN | Hot Stocks13:33 EDT Qiagen trading halted, news pending
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DRTT | Hot Stocks13:23 EDT 22NW says Dirtt shareholders elect entire seven-member slate to board - 22NW Fund, the largest shareholder of DIRTT Environmental Solutions with ownership of approximately 19% of the Company's outstanding shares, commented on the results announced at the Company's 2022 Annual and Special Meeting of Shareholders held on Tuesday, April 26, 2022. The voting results indicate that shareholders have elected 22NW's entire seven-member slate to DIRTT's Board of Directors. DIRTT's new Board will include Aron English, Cory Mitchell, Ken Sanders, Douglas Edwards, Mary Garden, Scott Robinson and Scott Ryan. Aron English, founder and portfolio manager of 22NW, commented: "22NW is pleased that all seven of our nominees have joined the Board at this critical point in time. Our slate's ownership perspectives and industry experience will be tremendous assets in the boardroom. Our nominees are fully committed to putting this contest behind them and immediately helping chart the right path forward at DIRTT. We thank shareholders for their support throughout this process. Now that the Company's leadership structure has been reconstituted, DIRTT should be well-positioned to begin enhancing its corporate governance and prioritizing initiatives that are most likely to unlock meaningful value for shareholders, customers and other stakeholders."
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FFIN | Hot Stocks12:50 EDT First Financial increases quarterly dividend to 17c per share, up 13.3% - In connection with the 2022 Annual Shareholders' Meeting, the Board of Directors of First Financial Bankshares declared a 17c per share cash dividend for the second quarter, which represents a 13.3% increase and will be paid to shareholders of record on June 16, 2022, with payment set for July 1, 2022. "Due to our strong capital position and historical increases in earnings, we are pleased to announce the increase in our quarterly cash dividend for our shareholders," said F. Scott Dueser, Chairman, President and CEO.
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GOOG GOOGL | Hot Stocks12:12 EDT YouTube expands Super Thanks to all eligible creators - In a company blog post, Samantha Stevens, YouTube product manager, paid digital goods, said, " Last year, we announced Super Thanks, the latest addition to the Supers family, which gives creators another way to earn money while also helping them deepen their connections with viewers, just like Super Chat and Super Stickers. Since introducing the feature to some creators, we've seen really great feedback and today, we're excited to share that Super Thanks is now available to all eligible creators across 68 locations in the YouTube Partner Program...Here's how Super Thanks works. Fans watching YouTube videos can purchase Super Thanks at various points between $2 and $50 to express their gratitude and show support for their favorite creators and content. They will see a fun, animated GIF right on the channel's video and, as an added bonus, get a distinct, colorful comment to highlight their purchase, which creators can heart and like. We're also thrilled to share that viewers can now customize their Super Thanks comment, which was the top request we heard since we kicked off the beta. We hope that this will drive more meaningful interactions between creators and their fans! With today's expansion, Super Thanks is now available to millions of monetizing creators in 68 countries, and is available to viewers on desktop and mobile devices. Creators can enable Super Thanks via YouTube Studio to earn a new source of revenue from videos with just one click - no extra setup work or maintenance needed." Reference Link
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CZR... | Hot Stocks12:06 EDT Caesars, Bread Financial partner for new Caesars Rewards Visa card - Caesars Entertainment (CZR) announced the launch of a "new and improved" Caesars Rewards Visa card, in partnership with Bread Financial (BFH). "For the first time, new and existing Caesars Rewards members will earn not just Reward Credits but also have the opportunity to raise their Tier Status with every purchase made using their Caesars Rewards Visa card," the companies stated. "Using our proprietary optimization process for value propositions, Bread Financial and Caesars Entertainment created an elevated Tier Credit program with enhanced rewards that meet the needs of Caesars' most loyal customers. The updated earning program gives consumers the opportunity to earn even more Reward Credits back on dining, travel and entertainment for use on their next trip to any Caesars Rewards destination," said Val Greer, EVP and chief commercial officer, Bread Financial.
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EBMT | Hot Stocks12:03 EDT Eagle Bancorp announces stock repurchase program up to 400,000 shares - Eagle announced that its Board of Directors has authorized repurchase of up to 400,000 shares of its common stock, representing approximately 5.0% of outstanding shares, assuming the issuance of shares pursuant to the First Community acquisition scheduled to close at the end of April. Under the plan, shares may be purchased by the company on the open market or in privately negotiated transactions. The extent to which the Company repurchases its shares and the timing of such repurchase will depend upon market conditions and other corporate considerations. The plan is expected to be in place for approximately 12 months, but may be suspended, terminated or modified by the Company's Board of Directors at any time. The plan does not obligate the Company to purchase any particular number of shares.
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SOXL | Hot Stocks12:01 EDT Direxion Daily Semiconductor Bull 3X Shares falls -10.5% - Direxion Daily Semiconductor Bull 3X Shares is down -10.5%, or -$2.69 to $22.98.
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VLD | Hot Stocks12:01 EDT Velo3D falls -11.1% - Velo3D is down -11.1%, or -49c to $3.91.
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GE | Hot Stocks12:01 EDT General Electric falls -11.7% - General Electric is down -11.7%, or -$10.54 to $79.34.
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MSC | Hot Stocks12:00 EDT Studio City rises 13.1% - Studio City is up 13.1%, or 59c to $5.10.
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MX | Hot Stocks12:00 EDT MagnaChip rises 18.0% - MagnaChip is up 18.0%, or $2.70 to $17.73.
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ARCH | Hot Stocks12:00 EDT Arch Resources rises 19.8% - Arch Resources is up 19.8%, or $25.94 to $157.26.
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NTDOY... | Hot Stocks11:52 EDT Nintendo says 'Mario Bros.' movie pushed by Spring 2023 - Nintendo (NTDOY) announced in a tweet last night that the release of its upcoming "Super Mario Bros." film, which is to be distributed by Universal Pictures (CMCSA), has been delayed from 2022 to Spring 2023, namely April 28 in Japan and April 7 in North America. Reference Link
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GPK | Hot Stocks11:18 EDT Graphic Packaging 'actively' exploring options for Russia business - The company is "adhering" to all U.S. and EU sanctions.
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GPK | Hot Stocks11:17 EDT Graphic Packaging reiterates FY22 guidance, sees step up in adjusted EBITDA - Graphic Packaging reiterated its FY22 guidance and sees a "significant" step up in adjusted EBITDA and cash flow from FY22 and "rapid" deleveraging. Comments taken from Q1 earnings conference call.
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MT | Hot Stocks11:14 EDT ArcelorMittal announces completion of $1B share buyback program - ArcelorMittal announced that it has completed its $1B share buyback program announced on February 11, 2022 under the authorization given by the annual general meeting of shareholders of June 8, 2021. By market close on April 25, 2022, ArcelorMittal had repurchased 31,751,960 shares for a total value of EUR 910,760,633.77, or $999,999,973.17, at an approximate average price per share of EUR 28.68.
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GOOGL... | Hot Stocks11:13 EDT Google announces new Performance Max features - Eduardo Indacochea, Sr. Director, Product Management at Google (GOOGL), announced in an Ads & Commerce blog post: "In the coming weeks, we're introducing new features to help you acquire new customers, better understand performance and start upgrading your Smart Shopping campaigns to Performance Max in just one click. Performance Max optimizes results based on your conversion goals and looks for the highest-ROI conversion opportunities - regardless of channel. The new customer acquisition goal in Performance Max is rolling out over the next few weeks for all advertisers looking to generate leads or increase online sales. This was previously available for retailers using Smart Shopping campaigns and is now expanding to more advertiser goals in Performance Max... Upgrading your existing Smart Shopping and Local campaigns helps ensure you can take advantage of expanded inventory and get your campaigns ready for the holiday season. You'll be able to choose when to upgrade your campaigns until the automatic upgrade process begins. Smart Shopping campaigns will be automatically upgraded from July through September, and Local campaigns will be automatically upgraded from August through September. You'll also be able to create new Performance Max campaigns through Google Ads, the Google Ads API, or starting in early summer, through e-commerce partners like WooCommerce and BigCommerce." Reference Link
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BKKT... | Hot Stocks11:08 EDT Bakkt pay now enables pay with points - Bakkt announced that Bakkt pay is "enabling a new feature for customers to pay with points - and it's officially LIVE with our partner, Wyndham Rewards (WH). With Bakkt, Wyndham Rewards Members can now use their points to pay anywhere Apple Pay (AAPL) and Google Pay (GOOGL) are accepted." "This capability is a big step forward for how brands can drive deeper engagement with their loyalty programs. Not only because of the opportunities it represents for loyalty program members, but also for the potential it offers to a broader range of hotel and travel companies, retailers, QSRs and more," the company said. Reference Link
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MDT | Hot Stocks11:05 EDT FDA announces Medtronic recall of Harmony Delivery Catheter - Medtronic is recalling the Harmony Delivery Catheter because it is possible that the bond holding the capsule at the end of the delivery catheter may break during a procedure to place the TPV, the FDA announced. There have been 6 reported complaints from clinical cases, one injury, and no deaths associated with the use of these devices, said the FDA, which noted that Medtronic issued an Urgent Medical Device Recall notice to implanting physicians and customers recommending immediate suspension of use for Harmony TPV's delivery catheter on April 6. The FDA has identified this as a Class I recall, which is "the most serious type of recall" and indicates that "use of these devices may cause serious injuries or death," the agency noted. Reference Link
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RYAHF | Hot Stocks11:04 EDT RYAH Group appoints Francois Desrosiers as CFO, corporate secretary - RYAH GROUP announced that Francois Desrosiers has been nominated as CFO and Corporate Secretary of RYAH Group Inc., subject to approval by the Canadian Securities Exchange . Desrosiers previous senior executive leadership roles include Co-Founder, President, CEO and Director of Northcore Resources Inc.; Corporate Secretary and Officer of Prime Blockchain Inc., who merged with RYAH Group; Founder President CEO and Director AntOro Resources; President CEO and Director of Melkior Resources Inc.; Founder President CEO and Director of NIKRON Technologies Inc.; and Director of Orbite Exploration VSPA.
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EVI | Hot Stocks10:44 EDT EVI Industries to acquire Clean Designs, Clean Route , terms not disclosed - EVI Industries announced that it executed a definitive agreement to acquire Lakewood, CO based Clean Designs, Inc. and Clean Route LLC, a distributor of commercial laundry products and a provider of related technical installation and maintenance services to on-premise, vended, and multifamily laundry customers. The company said, "The addition of Clean Designs further strengthens EVI's leading market share position in the West region of the United States. Upon the completion of the Clean Designs acquisition, EVI will have acquired eighteen commercial laundry businesses and continues to be the fastest growing and only publicly listed company devoted to the North American commercial laundry distribution and service industry. With Clean Designs, EVI adds an experienced sales team with established customer relationships and a consistent record of growth, a service team with a longstanding reputation for providing reliable services, and a management team from which the Company may further build its commercial laundry operations in and around the state of Colorado. Looking forward, Clean Designs will offer a broader product range, pursue new growth opportunities, and have access to advanced technologies the Company is deploying to drive future growth, efficiency, and profitability." Consistent with EVI's operating philosophy, Clean Designs will operate as a subsidiary of EVI under its current name and from its present location, will continue to be led by Tim Stoklosa, and have the full extent of EVI's resources with which to execute on the Company's long-term growth strategy. The transaction is expected to close upon the satisfaction of customary closing conditions.
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T | Hot Stocks10:31 EDT AT&T awarded $15M 11-year EIS contract for modernize GuardNet - AT&T was awarded a task order to modernize GuardNet, the command and control network that allows Army National Guard soldiers to access the Internet, connect with other networks and databases, and support training and mission planning and execution. The task order, awarded by the Defense Information Systems Agency's Defense Information Technology Contracting Organization is valued at $15M over 11 years if all options are exercised. It was awarded via the General Services Administration's Enterprise Infrastructure Solutions contract. Under the agreement, AT&T expects to deliver virtual private networking services to support the Army National Guard's remote training services and provide the Department of Defense high-speed, highly secure cloud connectivity.
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JBLU | Hot Stocks10:27 EDT JetBlue: April disruption has delayed return to pre-tax profitability
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JBLU | Hot Stocks10:18 EDT JetBlue sees June RASM approx. 20% year-over-three
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PHIO | Hot Stocks10:16 EDT Phio Pharmaceuticals opens patient enrollment in Phase 1b trial of PH-762 - Phio Pharmaceuticals announced that it has opened patient enrollment in the Phase 1b clinical trial of PH-762 for the treatment of advanced melanoma. The Phase 1b study, which is being conducted at the Gustave Roussy Institute, one of the largest cancer centers in Europe, will evaluate the safety, tolerability, pharmacokinetics and anti-tumor activity of PH-762 in a neoadjuvant setting in subjects with advanced melanoma. The clinical study will feature a dose escalation of PH-762 monotherapy and is designed to allow for a data driven evaluation of the recommended Phase 2 dose. This is the first clinical trial with PH-762. PH-762, activates immune cells to better recognize and kill cancer cells. It does so by reducing the expression of PD-1, a clinically validated target for immunotherapy. PD-1 is expressed by T cells and prevents them from killing cancer cells. When PH-762 reduces PD-1 expression, the "brakes" on the immune system are released and activates the T cells to kill the cancer cells. PH-762 is being developed as a standalone drug therapy with local administration to a tumor. In addition, it is also being developed as a critical component of cellular immunotherapy, more specifically to improve tumor cell killing capability of adoptively transferred tumor infiltrating lymphocyte therapy.
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IDTA | Hot Stocks10:16 EDT IDenta selected to supply 220,000 drug detection systems to Italy - IDenta announced that it won a tender and was selected to supply 220,000 drug test kits to the security forces of Italy. Amichai Glattstein, CEO, announced: "This is a great achievement for our company. IDenta continues to expand its activities in other countries and continues to display superiority over other competitors - both in technology and in pricing. Italy is an important European country with extensive activities in the field of drug detection and interdiction. We are very happy and excited about Italy's selection of IDenta products for their forces. We are aware of the extensive testing that was performed before this decision was made. IDenta will continue to enhance its operations in additional countries as we continue to provide unique solutions, at the highest level, for a better future and a safer world."
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JBLU | Hot Stocks10:15 EDT JetBlue looking to further accelerate retirement of some older aircraft
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BA SPR | Hot Stocks10:10 EDT Boeing announces 737 MAX MRO agreement with Spirit AeroSystems - Boeing Global Services (BA) announced a new agreement with Spirit AeroSystems (SPR) and its affiliates to combine aftermarket resources, expanding the MRO footprint in support of nacelle and flight control repairs for the global 737 MAX fleet. "The agreement will enhance Boeing support for nacelle and flight control surface removals with a more robust MRO footprint while combining Boeing's industry-leading asset pool with the hands-on repair experience of Spirit AeroSystems," the companies stated.
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JBLU | Hot Stocks10:08 EDT JetBlue continues to observe elevated levels of pilot attrition, says CEO Hayes
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JBLU SAVE | Hot Stocks10:07 EDT JetBlue guidance does not include possible transaction with Spirit, says CEO
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JBLU | Hot Stocks10:06 EDT JetBlue return to profitability 'likely pushed out by a quarter,' CEO says
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JBLU | Hot Stocks10:06 EDT JetBlue planning more conservatively for the summer, says CEO - Comments taken from Q1 earnings conference call.
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INFY NUS | Hot Stocks10:05 EDT Infosys collaborates with Nu Skin for consumer experience - Infosys (INFY) announced its collaboration with Nu Skin Enterprises (NUS), Nu Skin will take advantage of the Infosys Equinox human-centric digital commerce platform to deliver engaging and innovative experiences for consumers and affiliates. The platform aims to help Nu Skin scale its business model exponentially with social commerce-based capabilities Infosys Equinox will help Nu Skin to sharpen its focus on creating unique, personalized, and innovative consumer engagement. Powered by Infosys Equinox's microservices-based, API-first and cloud-native design, Nu Skin plans to deliver engaging shopping experiences across multiple touch points, including websites, mobile apps and smart connected devices.
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WPP | Hot Stocks10:04 EDT WPP appoints Kyoko Matsushita as CEO in Japan - WPP announced the appointment of Kyoko Matsushita as CEO in Japan. In this new role, Kyoko will be responsible for WPP's business in Japan, strengthening its collective capabilities and bringing together people and resources on behalf of clients. Kyoko is currently CEO for Essence Global, WPP's global data and measurement-driven full-service media agency.
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ALGT | Hot Stocks10:04 EDT Allegiant Travel to establish four-aircraft base at Provo Airport in Utah - Allegiant Travel Company announced plans to establish a four-aircraft base at Provo Airport. The Las Vegas-based company will invest approximately $95M to establish the new base of operations, creating at least 157 new, high-wage jobs. The company, which focuses on linking travelers in small-to-medium cities to world-class leisure destinations, plans to begin its base operations in Provo on Nov. 16, 2022.
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BALY | Hot Stocks10:04 EDT Bally's, Cleveland Browns enter long-term partnership - The Cleveland Browns and Bally's Interactive announced a long-term partnership that features various fan-focused elements and establishes the gaming leader as an official sports betting partner of the team. Pending appropriate licensing and regulatory approvals, the collaboration will be highlighted by a branded lounge at FirstEnergy Stadium, the launch of the mobile Bally Bet Sportsbook app in Ohio and free-to-play gaming opportunities for fans in the state. The Browns and Bally's are currently identifying the location and specific fan accommodations for the Bally-themed lounge at FirstEnergy Stadium, details for which will be finalized in the coming months. In accordance with all applicable regulations, Browns fans ages 21 and up will have the ability to enjoy an exciting collective sports betting experience within the new space on gamedays while watching on-field action from across the league. As the team's designated sports betting operator, pending appropriate licensing and regulatory approvals, Bally's will launch a mobile sports betting app for fans to place wagers on sporting events anywhere in the stadium and throughout Ohio. Additionally, the partnership will encompass a variety of fan engagement activations, including unique digital content and an engaging free-to-play predictor game, which will give registered users the opportunity to earn special Browns-themed non-cash promotional prizes.
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ALGT | Hot Stocks10:01 EDT Allegiant Travel establish four-aircraft base at Provo Airport in Utah - Allegiant Travel Company announced plans to establish a four-aircraft base at Provo Airport. The Las Vegas-based company will invest approximately $95M to establish the new base of operations, creating at least 157 new, high-wage jobs. The company, which focuses on linking travelers in small-to-medium cities to world-class leisure destinations, plans to begin its base operations in Provo on Nov. 16, 2022.
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PII | Hot Stocks10:00 EDT Polaris falls -9.2% - Polaris is down -9.2%, or -$9.81 to $96.97.
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HLX | Hot Stocks10:00 EDT Helix Energy falls -10.0% - Helix Energy is down -10.0%, or -46c to $4.13.
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UHS | Hot Stocks10:00 EDT Universal Health falls -11.4% - Universal Health is down -11.4%, or -$15.78 to $122.98.
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OI | Hot Stocks10:00 EDT O-I Glass rises 9.9% - O-I Glass is up 9.9%, or $1.31 to $14.56.
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MSC | Hot Stocks10:00 EDT Studio City rises 13.1% - Studio City is up 13.1%, or 59c to $5.10.
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MX | Hot Stocks10:00 EDT MagnaChip rises 17.8% - MagnaChip is up 17.8%, or $2.67 to $17.70.
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JBLU | Hot Stocks09:57 EDT JetBlue: June expected to be profitable - Sees sequential CASM ex-fuel progress in 2H as JetBlue optimizes staffing levels, restores aircraft utilization, drives productivity.
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JBLU | Hot Stocks09:56 EDT JetBlue sees return to profitability in 2H22
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JBLU | Hot Stocks09:56 EDT JetBlue sees Q2 capacity flat to up 3% vs. 2Q19, revenue up 11%-16% - Sees Q2 CASM ex-fuel up 15%-17% vs. 2Q19. Comments taken from Q1 earnings conference call presentation slides.
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CANG | Hot Stocks09:47 EDT Cango falls -7.5% - Cango is down -7.5%, or -25c to $3.07.
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SAN | Hot Stocks09:47 EDT Banco Santander falls -8.7% - Banco Santander is down -8.7%, or -29c to $3.04.
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UHS | Hot Stocks09:47 EDT Universal Health falls -11.8% - Universal Health is down -11.8%, or -$16.40 to $122.36.
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SHW | Hot Stocks09:47 EDT Sherwin-Williams rises 8.1% - Sherwin-Williams is up 8.1%, or $20.06 to $268.08.
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OI | Hot Stocks09:47 EDT O-I Glass rises 10.3% - O-I Glass is up 10.3%, or $1.37 to $14.62.
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MX | Hot Stocks09:47 EDT MagnaChip rises 18.9% - MagnaChip is up 18.9%, or $2.84 to $17.87.
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JCSE | Hot Stocks09:45 EDT JE Cleantech Holdings Ltd trading resumes
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WIT | Hot Stocks09:43 EDT Wipro to acquire Rizing from One Equity Partners, terms not disclosed - Wipro announced that it has signed a definitive agreement to acquire Rizing Intermediate Holdings, a global SAP consulting firm. The company said, "Rizing is the latest in a series of acquisitions by Wipro, underscoring the company's ambitious growth agenda. Rizing's high-touch approach, along with its industry expertise and SAP consulting capabilities in enterprise asset management, consumer industries, and human experience management, will be instrumental in advancing Wipro's position as a sought-after advisor for clients' most complex SAP transformations...As one of the leading strategic partners in the world for SAP, Rizing will become a critical extension of Wipro's SAP Cloud practice and Wipro FullStride Cloud Services. The combined offering will help clients surface unique business opportunities and new competitive advantages through SAP cloud implementations. It will also help Wipro expand its leadership in oil & gas, utilities, manufacturing, and consumer industries." Upon completion of the acquisition, Rizing will operate as Rizing, a Wipro company, under the leadership of Maiolo. Rizing is headquartered in Stamford, CT, and has more than 1300 employees in 16 countries across North America, Europe, Asia, and Australia. Rizing was previously owned by private equity firm One Equity Partners. Guggenheim Securities, LLC acted as exclusive financial advisor to Rizing for this transaction. The acquisition is subject to regulatory approvals and is expected to close before the end of the quarter ending June 30, 2022.
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JCSE | Hot Stocks09:40 EDT JE Cleantech Holdings Ltd trading halted, volatility trading pause
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WIT | Hot Stocks09:39 EDT One Equity Partners to sell Rizing to Wipro, terms not disclosed - One Equity Partners announced that it has entered into a definitive agreement to sell Rizing, a SAP-focused provider of IT systems integration and implementation services, to Wipro. The company said, "Headquartered in Stamford, Conn., Rizing specializes in value-added products and IT business process solutions operating within the SAP ecosystem, including enterprise asset management, human capital management, and related IT solutions for clients in consumer industries. Rizing serves leading global customers with more than 1,250 employees around the world working from locations in the U.S., Canada, the Netherlands, Australia, the United Arab Emirates, Singapore and Malaysia."
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DCGO | Hot Stocks09:34 EDT DocGo, Jefferson Health partner for patient transport - DocGo and Jefferson Health announced that they have partnered to transport the first patient in DocGo's all-electric, zero-emissions ambulance. On April 26, 2022, the patient will be transported from Jefferson Abington Hospital in Abington, Pa. to a local skilled nursing facility. Significantly more eco-friendly than its counterpart, the electric vehicle is 1/10th as polluting as a standard gasoline ambulance. Through its "Zero Emission" initiative, DocGo aims to have an all-electric fleet by 2032. As the first vehicle in this fleet, the new all-electric ambulance will immediately begin transporting patients regularly.
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C | Hot Stocks09:29 EDT Citi implementing U.S. sanctions against Russia, says CEO Fraser
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WTER | Hot Stocks09:27 EDT Alkaline Water: Company's first Year DSD program exceeds expectations - The Alkaline Water announced its Direct-Store-Delivery program's first year trial has exceeded expectations. "Our limited market launch in Arizona, Nevada, and the upper Midwest of our Direct-Store-Delivery partnership strategy has surpassed our forecasts and exceeded expectations in its first year," said Ricky Wright, President and CEO of The Alkaline Water Company. "Our DSD partners have rapidly placed our Deliciously Smooth Alkaline88 water into thousands of Convenience stores, "Up and Down the Street" stores, and Grocery Retailers. With the recent addition of Columbia distributors in the Northwest and Bill's in Alaska, we expect fiscal 2023 to show significant growth in our DSD division. Our DSD partners continue to introduce Alkaline88 to new retailers every week.
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C | Hot Stocks09:27 EDT Citi still sees 3-5 year ROTCE 11%-12% - Comments taken from Citi's annual shareholder meeting.
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WTER | Hot Stocks09:27 EDT Alkaline Water: Company's first Year DSD program exceeds expectations - The Alkaline Water announced today its Direct-Store-Delivery program's first year trial has exceeded expectations. "Our limited market launch in Arizona, Nevada, and the upper Midwest of our Direct-Store-Delivery partnership strategy has surpassed our forecasts and exceeded expectations in its first year," said Ricky Wright, President and CEO of The Alkaline Water Company. "Our DSD partners have rapidly placed our Deliciously Smooth Alkaline88 water into thousands of Convenience stores, "Up and Down the Street" stores, and Grocery Retailers. With the recent addition of Columbia distributors in the Northwest and Bill's in Alaska, we expect fiscal 2023 to show significant growth in our DSD division. Our DSD partners continue to introduce Alkaline88 to new retailers every week.
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LIVC | Hot Stocks09:27 EDT Live Current Media completes merger with Kast - Live Current Media announces that it has completed its merger with Evasyst of San Diego in an all share transaction. Evasyst owns and operates the Kast online, social, watch party platform. Kast is an online, social, video streaming and watch party platform and community where friends gather to watch videos, play games, and be together. According to Grandview Research, the global video streaming market is expected to grow at a compound annual growth rate of 21.3% between 2022 and 2030. The Kast platform empowers individuals to live-share synchronized video, engage and collaborate within the community and build relationships with like-minded people. Pursuant to the merger plan, the Company has issued 125 million common shares to the existing shareholders of Evasyst to purchase 100% of the outstanding shares. On closing, David Jeffs resigned as CEO and Mark Ollila, CEO of Evasyst, was appointed CEO and Chairman of the board of Live Current. Mr. Ollila has over twenty years of experience in the games and media technology industry previously with senior roles at Nokia and Microsoft, including leading Nokia First Party Games Publishing. In addition to Mr. Ollila, the new board of directors is comprised of the following members; Heidi Steiger, Leslie S. Klinger, Justin Weissberg, Annamaria Rapakko and David Jeffs who will maintain his previously held position on the board. The new board brings a wealth of experience in the legal, financial and gaming sectors and corporate governance to the Company and will be relied on heavily moving forward. John DaCosta and Amir Vahabzadeh have resigned from the board effective April 22, 2022 and the Company thanks them for their contributions over the past 5 years. Joining Mr. Ollila on the management team are Steve Smith assuming the role of CFO and David Jeffs continuing on in his previously held roles as President and Secretary.
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UPS | Hot Stocks09:26 EDT UPS says continues to generate strong cash flow - Sees FY22 free cash flow about $9B. Seeing momentum in Q2. Says April volume better than March. "Feels good" about volume projections coming into the network. Expects international volume to improve. Expects domestic package volume to decline in 1H22 vs. 1H21. Says pricing "holding firm," not seeing any downward pressure. Says "doubling down" on automation and "leaning in" to cyber security. Expects Q2 to look like Q1 from a volume perspective.
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MACE | Hot Stocks09:25 EDT Mace Security partners with Cornwell Quality Tools - Mace Security is pleased to announce the Company has partnered with Cornwell Quality Tools to offer its personal safety products through more than 750 mobile tool franchisees across the United States. Cornwell Quality Tools has been manufacturing and distributing tools to the automotive and aviation industries for more than 100 years. Its extensive coverage across the country matches well with Mace's strategy of providing safety products across all U.S. markets. The partnership expands the Company's presence in the automotive and heavy-duty truck technician market of approximately 630,000 in the U.S. The majority of the technician market is comprised of males that are more likely than the average citizen to be interested in personal safety and self-defense.
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ENG | Hot Stocks09:24 EDT ENGlobal awarded $2.5M contract by Defense Logistics Agenct - ENG announced that its wholly owned subsidiary, ENGlobal Government Services, has been awarded a new contract order by the Defense Logistics Agency, a sub-tier of the Department of Defense, to upgrade the Automated Fuel Handling Equipment at two undisclosed major U.S. military bases. The contract is expected to start in May 2022 and last for approximately 15 months. The contract, currently estimated at over $2.5 million, is to update Automated Fuel Handling Equipment and Supervisory Control and Data Acquisition systems which are comprised of computers, networked data communications, and graphical user interfaces. The AFHE system provides the end users with assured real-time data acquisition and automated inventory management thus allowing for more efficient operations.
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JAMF | Hot Stocks09:23 EDT Jamf Holding showcases new offerings for managing Apple-first enterprise - Jamf holds a special Jamf Event to showcase a number of new offerings it has developed to help organizations deliver an enterprise-secure, consumer-simple environment that protects personal privacy. Key announcements include:Jamf Protect: a comprehensive endpoint and network security platform built for Apple: Jamf announces a new set of endpoint protection technologies for macOS, with the goal of providing all of the tools an organization needs, in one platform, to maintain good device security hygiene, detect attacks, and stop malware from compromising endpoints, while also preventing incoming threats before they put users or devices at risk. Enhancements to Jamf Protect include: Network threat prevention: The most successful strategy for dealing with threats to macOS endpoints is to prevent them from reaching devices in the first place. To address the need for threat prevention on macOS, Jamf announces that it is extending its macOS endpoint protection feature set to now include threat prevention capabilities that add network-based indicators of compromise into the solution. Powerful analytics: Jamf's endpoint protection provides comprehensive logging for both endpoint and network security events, allowing InfoSec teams to isolate and remediate detected threats, investigate incidents using data both on the device and from the network, and experience visibility into their environments. Removable storage: Jamf announces new removable storage controls to ensure sensitive business data is only written to encrypted USB mass media drives, which protects against physical loss and unauthorized data access. Jamf Trust: End user app: Jamf also announces the launch of Jamf Trust, an intuitive app for employees that powers workflows related to Jamf's security products, including Jamf Threat Defense, Jamf Safe Internet, Jamf Data Policy, and Jamf Private Access. Jamf Trust will give users access to powerful security capabilities without impacting performance or productivity. Jamf Trust will launch across iOS, iPadOS, macOS, Android and Windows this May. Jamf Safe Internet: Powerful and safe learning with Apple: Jamf Safe Internet combines content filtering and network threat prevention features that block unsafe content and malicious attacks so students can learn safely from anywhere. This includes protecting against malware and phishing attacks. Jamf Safe Internet is driven from a vast content-filtering database, and includes lightweight technology to filter results without invading student privacy and without sacrificing the learning experience that Apple devices provide. Jamf Safe Internet will be available for macOS and iOS this summer. Jamf Fundamentals: The intersection of management and security: The Jamf Fundamentals plan combines Jamf's market-leading device management technology with new capabilities for protecting, connecting, and empowering small to midsized businesses with Apple. Through malware prevention, password sync, self-service functionality for Mac, and the ability to deploy apps, custom profiles, macOS packages and more, businesses have an intuitive but powerful way to manage and secure their Apple fleet. Jamf Fundamentals is available today. BYOD: Powering and protecting employees wherever they work from: Jamf demonstrated a new bring-your-own-device workflow that preserves personal privacy by preventing IT from having too much control over an employee's device, yet addresses IT concerns by allowing them to adequately manage and secure the device while it's accessing company resources. Leveraging Apple's account-driven user enrollment workflow, Jamf's BYOD offering allows employees to easily enroll their personal devices and gain secure access to the apps they need to be productive, without authorizing excessive management. By separating corporate data from personal data, work apps and information are safe and secure while the employee retains personal and private use of their device. Jamf's BYOD offering is available now. App Installers: Revolutionizing application lifecycle management: The next evolution in Application Lifecycle Management is here with the launch of App Installers, part of the Jamf App Catalog, a simplified way for IT to deploy and update Mac applications. This new, powerful workflow provides a streamlined install and update mechanism for apps, mirroring the simplicity of the Mac App Store and removing the tedious tasks of sourcing, deploying and maintaining non-Mac App Store titles. App Installers, part of Jamf's robust application lifecycle management solution, now delivers the volume of supported apps that organizations require, matching the velocity with which these updates are made available, and with the validation needed for organizations to trust the quality and security of the update. App Installers is available today.
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EZFL | Hot Stocks09:22 EDT EzFill announces fleet fueling agreement with Ace Construction in Miami - EzFill Holdings announced a new fleet agreement with Ace Construction in Miami, effective immediately. EzFill will provide regular mobile fuel delivery for Ace Construction, a residential building company that offers a range of services to clients including custom home design, remodeling, installation, building, and construction. "Building companies like Ace Construction rely on our services to make certain their vehicles are fully fueled and ready for the job site every morning. This in turn helps ensure their projects will be completed on time and on budget," said Mike McConnell, CEO of EzFill.
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PTPI | Hot Stocks09:21 EDT Petros Pharmaceuticals enters into SPA with Massachusetts General Hospital - Petros Pharmaceuticals announces it has entered into a Sponsored Research Agreement, SRA, and an Option Agreement with the Wellman Center of Massachusetts General Hospital, an affiliate of Harvard Medical School. Under the agreement, researchers will evaluate incorporating the use of a tissue-specific oxygenation sensor with the goal of monitoring and understanding the success of Erectile Device Therapy. Accompanying the Sponsored Research Agreement, Petros will enter into an Agreement for an option to negotiate an exclusive license of the tissue-specific oxygenation sensor within specific human tissues. The Company plans to apply the technology to potentially enhance its existing erectile device therapy. "We believe what Mass General has developed is a truly landmark achievement in immediate and highly-targeted bio-sensor feedback technology," said Fady Boctor, Petros Pharmaceuticals' President and Chief Commercial Officer. "This relationship with the Wellman Center at Mass General has the potential to empower the male patient with innovative technology to enhance at-home therapy in the area of erectile dysfunction by demonstrating the effectiveness of external devices in an additional non-invasive context."
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VRNS | Hot Stocks09:21 EDT Varonis announces features for securing sensitive data in Salesforce - Varonis Systems announced new features to help companies close critical security and compliance gaps in SalesforceThese enhancements are part of DatAdvantage Cloud, which gives customers a single pane of glass to protect critical data across Salesforce, Google Drive, Box, AWS, Okta, Jira, Slack, GitHub, and Zoom. Salesforce can be a blind spot for security and compliance teams. Over time, permissions sprawl out of control, misconfigurations arise, and countless apps connect to Salesforce via APIs to read and write data. Most organizations can't see where sensitive data lives within Salesforce, who has access to it, or who uses it, making it difficult to maintain a strong security posture and comply with regulations such as GDPR, HIPAA, SOX, and PCI-DSS regulations. This new release of Varonis for Salesforce represents a breakthrough in SaaS data protection, with capabilities to address a broad range of security and compliance use cases: Quickly understand exposure: Varonis radically simplifies permissions analysis by revealing a user's net effective permissions and how they got them - so you can finally answer the question, "Who can access sensitive data?" Classify sensitive files and attachments: Varonis scans files attached to objects in Salesforce and auto-tags sensitive items using patented data classification technology. Right-size sprawling permissions: Fix compliance gaps and reduce exposure - from former employees and ex-contractors with active logins to regular users allowed to export every record. Detect anomalous activity: Out-of-the-box alerts can detect internal and external threats, such as users accessing an unusual number of Salesforce objects or an admin deactivating a critical update. Pinpoint misconfigurations: The SSPM dashboard helps detect problems with organization-wide settings, discover shadow instances, and spot vulnerabilities such as misconfigurations that can expose data publicly
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INTA | Hot Stocks09:20 EDT Intapp, KPMG form strategic alliance to accelerate digital transformation - Intapp announced that it has entered a strategic alliance with KPMG AG. Intapp and KPMG will enable private capital, investment banking, legal, accounting, and consulting firms as well as corporate legal department clients to harness the full power of the cloud through purpose-built solutions and services. This strategic alliance will facilitate firmwide connectivity, allowing professionals to provide more effective and insightful services using cloud technology that unlocks the full value of data, delivers context-aware intelligence, and fosters greater operational efficiencies. The alliance will deliver three key benefits to clients: "Trusted cloud transformation... Intelligent solutions for modern professionals... Continuous innovation." "Working jointly with KPMG - a proven leader in cloud and digital transformation - Intapp can further serve the accelerating demand for cloud adoption within the professional and financial services industry," said John Hall, CEO of Intapp. "Together we'll provide our expanding client base with a rich ecosystem of industry-specific experts and purpose-built cloud solutions to further support holistic digital transformation at scale."
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MTTR | Hot Stocks09:18 EDT Matterport Digital Twins adopted by KLM Royal Dutch Airlines - Matterport announced that KLM Royal Dutch Airlines, KLM, part of the Air France-KLM Group and a member of the SkyTeam airline alliance with services across 90 European cities and 70 intercontinental destinations, has adopted Matterport to create a digital twin of each type of aircraft in the fleet. KLM is using Matterport to train ground crews and to provide an immersive virtual experience for customers. The global air carrier has received nearly 1 million views of its digital twins from ground crews, flight attendants, pilots, and travelers. Equipped with Matterport digital twins, KLM employees do not need to travel to Amsterdam Airport Schiphol for training and instead use immersive digital twins. Beyond training its internal teams, KLM uses digital twins to showcase its aircraft cabins to travelers.
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NVO | Hot Stocks09:16 EDT DIAGNOS extends contract with Novo Nordisk - Diagnos is pleased to announce the extension of its contract for the follow-up of Diabetic patients under treatment with drugs included in its therapeutic portfolio. Novo Nordisk's therapeutic portfolio offers positive benefits by reducing the risk of developing retinopathy and of suffering from major cardiovascular events such as heart attack, stroke, or even death in adults with type 2 diabetes mellitus with known heart disease.
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ITPOF | Hot Stocks09:15 EDT ISS, Glass Lewis recommend Intertape Polymer shareholders vote for acquisition - Intertape Polymer Group is pleased to announce that leading independent proxy advisors, Institutional Shareholder Services Inc. and Glass, Lewis & Co. have both recommended that Company shareholders vote FOR the resolution approving the acquisition of the Company by an affiliate of Clearlake Capital Group, L.P. by way of a plan of arrangement in accordance with Section 192 of the Canada Business Corporations Act at the Company's Annual and Special meeting to be held on May 11, 2022. Under the terms of the Arrangement, the Purchaser will acquire the outstanding shares of IPG for CDN$40.50 per share in an all-cash transaction valued at approximately US$2.6 billion, including net debt. This represents a premium of approximately 82% to the closing price of IPG shares on the Toronto Stock Exchange on March 7, 2022, being the last trading day prior to announcement of the Arrangement, and approximately 66% to the volume weighted average trading price of IPG shares on the Toronto Stock Exchange for the 30 trading days preceding March 7, 2022. Upon completion of the transaction, all of the shares of IPG will be held by the Purchaser, and the Purchaser intends to cause the Company to have such shares delisted from the Toronto Stock Exchange.
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ENG | Hot Stocks09:15 EDT ENGlobal subsidiary receives $2.5M Defense Logistics Agency contract order - ENG announced that its wholly owned subsidiary, ENGlobal Government Services, has been awarded a new contract order by the Defense Logistics Agency, or DLA, a sub-tier of the Department of Defense, to upgrade the Automated Fuel Handling Equipment, or AFHE, at two undisclosed major U.S. military bases. The contract is expected to start in May and last for approximately 15 months. The contract, currently estimated at over $2.5M, is to update Automated Fuel Handling Equipment and Supervisory Control and Data Acquisition systems which are comprised of computers, networked data communications, and graphical user interfaces. The AFHE system provides the end users with assured real-time data acquisition and automated inventory management thus allowing for more efficient operations.
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BOSC | Hot Stocks09:15 EDT BOS Better Online Solutions reports 60% growth in orders received in Q1 - BOS Better Online Solutions announced that orders received during the first quarter of 2022 reached a "record" amount of $13.8M. This reflects an increase of 60% over the dollar amount of orders in the comparable period of last year. Most of the orders are for delivery in the year 2022. Eyal Cohen, BOS' CEO, stated: "This growth in orders is organic and does not include orders attributed to the acquisition of the assets of Dagesh, which we completed on March 1, 2022. The growth is a result of: a) An increased demand for the Supply Chain division's products and services from customers in the defense and aviation industries; b) Expansion in the number of logistic centers opened in Israel, which increased the demand for the RFID division's products and services."
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EDIT | Hot Stocks09:14 EDT Editas Medicine receives FDA Rare Pediatric Disease designation for EDIT-301 - Editas Medicine announced that the U.S. Food and Drug Administration, FDA, granted Rare Pediatric Disease designation to EDIT-301, an investigational, gene-edited medicine for the treatment of beta thalassemia. The FDA previously granted Rare Pediatric Disease designation to EDIT-301 for the treatment of sickle cell disease. "Beta thalassemia is a devastating disease that leads to severe anemia, organ failure, and premature death. Receiving Rare Pediatric Disease designation for EDIT-301 for beta thalassemia highlights the dire need for new treatment options," said James C. Mullen, Chairman, President, and Chief Executive Officer, Editas Medicine. "EDIT-301 is a potentially transformative medicine for patients living with beta thalassemia, and we look forward to dosing the first patient in our clinical trial this year." EDIT-301 is being investigated in a clinical study in patients with severe SCD. Editas expects to initiate a Phase 1/2 study of EDIT-301 in patients with transfusion-dependent beta thalassemia in 2022.
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AJRD | Hot Stocks09:14 EDT Aerojet Rocketdyne Executive Chairman Lichtenstein says CEO Drake 'rogue' - Warren Lichtenstein, who is the Executive Chairman of the Board of Directors of Aerojet Rocketdyne Holdings , and who, collectively with his affiliates and the participants in his solicitation, owns approximately 5.2% of the Company's outstanding shares and has nominated seven highly qualified candidates for election to the Board at the 2022 Annual Meeting of Shareholders issued the below letter in his personal capacity. "I have served as the Chairman or Executive Chairman of Aerojet Rocketdyne since 2013 and presided over significant shareholder value creation - with the Company's market capitalization going from approximately $600M when I joined the Board as a director in 2008 to approximately $3.3B today. I also serve as the Chairman of Steel Partners, which is one of the largest long-term shareholders of Aerojet Rocketdyne. We purchased stock in the Company over 15 years ago and currently own approximately 5.2% of the outstanding shares. Steel Partners is completely aligned with you, as shown by our sizable ownership position and track record of helping drive total shareholder returns of more than 250% since receiving boardroom representation over 15 years ago. That is why we have endeavored to invest our own capital and resources in a campaign to install a more aligned, credible and experienced Board that can help reverse the damage done to Aerojet Rocketdyne by rogue Chief Executive Officer Eileen Drake. We contend the single biggest risk to shareholder value right now is Ms. Drake's misleading, self-serving and unjustifiable attempt to hijack control of the Company. In our view, Ms. Drake's revolt began months ago, when she initiated a retaliatory internal investigation against me based on her belief that I was unhappy with her performance. She used the existence of that investigation, conducted at great cost to the Company, to avoid accountability for a number of growing performance problems and for failing to engage in any contingency planning in the event the merger with Lockheed Martin Corporation fell through," said Lichtenstein, who is the Executive Chairman of the Board of Directors of Aerojet Rocketdyne
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GOVX | Hot Stocks09:12 EDT GeoVax Labs announces issuance of malaria vaccine patent - GeoVax Labs announced that the U.S. Patent and Trademark Office has issued Patent No. 11,311,612 to GeoVax, pursuant to the Company's patent application No. 16/648,693 titled "Compositions and Methods for Generating an Immune Response to Treat or Prevent Malaria." In general, the claims granted in the patent cover GeoVax's modified vaccinia Ankara, MVA, vector expressing certain antigens from the malaria parasite. David Dodd, GeoVax President and CEO, commented, "We remain strongly committed to advancing innovation towards improving public health worldwide and this patent reflects a potentially significant advance relative to malaria prevention. Our development priorities continue to be our COVID-19 vaccine, currently in Phase 2 clinical trials, and our cancer immunotherapy program, with Gedeptin as our lead product in a Phase 1/2 clinical trial for Head and Neck cancer. However, developing vaccines against global public health threats such as malaria, is also part of our longer-term focus. Collaborations with government and academic institutions, such as the NIH, USAID, and the Burnet Institute, will continue to be components of our efforts to design, produce and test novel vaccines against malaria. Our goals include developing such vaccines that are affordable, highly effective, safe, and can be distributed and administrated across various regions of the world in a simple manner."
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BRQS QCOM | Hot Stocks09:11 EDT Borqs Technologies enters India market for auto telematics - Borqs Technologies (BRQS) is collaborating with Qualcomm (QCOM) and other major chipset vendors to engage in the R&D and sales of automobile telematics products especially for the India and Southeast Asia markets. The products include in-vehicle-infotainment system, IVI, and Telematics Control Unit, TCU, for two and three wheelers - also called electric scooters or E-bikes
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CTHR | Hot Stocks09:10 EDT Charles & Colvard announces agreement with Cooksongold - Charles & Colvard announced a strategic distribution agreement with Cooksongold, a division of Heimerle + Meule Group in Europe. "We are pleased to become an authorised distributor for Charles & Colvard's Forever One and Moissanite by Charles & Colvard brands; these are a fantastic addition to Cooksongold's range!" said Martin Bach, Managing Director of Cooksongold.
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CLSK TRIN | Hot Stocks09:10 EDT CleanSpark finalizes $35M in financing from Trinity Capital - CleanSpark announced that it has finalized $35 million in non-dilutive financing from Trinity Capital. The three-year equipment financing agreement is backed by 3,336 new S19j Pro miners and carries an annual interest rate of 9.9%. CleanSpark intends to use the proceeds from the facility for growth capital expenditures. Currently, CleanSpark has a fleet of over 23,000 latest-generation bitcoin mining machines in operation, with approximately 12,000 machines pending delivery and deployment in batches through October 2022.
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WKSP | Hot Stocks09:09 EDT Worksport unveils Terravis Energy green hydrogen energy systems - Worksport unveils brand new green hydrogen-powered systems from its research and development subsidiary, Terravis Energy. The Terravis Energy website provides information on everything being released, answering those questions about capabilities of its versatile, fast charging Non-Parasitic Electric Vehicle systems, the Terravis Energy Microgrid, and the Terravis Energy Nanogrid, as well as featuring some surprise innovations. "Going live for the very first time is a very exciting event. The Terravis Energy website represents the work of many talented and dedicated people who have spent countless hours making this occasion a memorable one. The single most important purpose for the Terravis Energy website is communication. As such, it will be continually updated with new information as it becomes material. For an especially energizing, high-level experience, I would recommend taking a few minutes to enjoy our video. Clean energy is the future, and the future is now," said Lorenzo Rossi, CEO Terravis Energy.
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MCHP | Hot Stocks09:09 EDT Microchip announces GridTime 3000 GNSS Time Server - Microchip Technology announced its GridTime 3000 GNSS Time Server - a software-configurable solution providing substations with a new level of redundancy, security, and resiliency. The GridTime 3000 system generates precise time and frequency signals to synchronize analog and digital communication systems. This resilient timing platform incorporates multiple timing inputs for protection in the event of a Global Navigation Satellite System signal disruption caused by severe weather, environmental disturbances or signal jamming or spoofing. Additionally, three levels of internal holdover options are available including a base Voltage Controlled Temperature Compensated Crystal Oscillator and an optional high-performance Oven Controlled Crystal Oscillator or Rubidium oscillator option to extend holdover duration and enhance performance.
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SIRI | Hot Stocks09:09 EDT Sirius XM to cover the 2022 NFL Draft - SiriusXM will provide listeners nationwide with comprehensive coverage of the 2022 NFL Draft, with live announcements of every selection from every round and in-depth analysis on the SiriusXM NFL Radio channel, as well as additional NFL Draft-focused programming on other SiriusXM channels. Immediately following the conclusion of SiriusXM NFL Radio's Draft broadcast each day, the channel will have live call-in shows where fans can share their reactions and discuss their favorite team's picks.
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VRSK | Hot Stocks09:07 EDT Verisk Analytics publishes 2021 corporate social responsibility report - Verisk has published its annual Corporate Social Responsibility Report. The 2021 report illustrates how Verisk and its team members help customers around the globe better understand issues, such as climate change, and make informed decisions around resilience and sustainability, and how that work strengthens communities. Some of the report's highlights include: Working with Purpose - Verisk is committed to helping organizations and society become stronger, more resilient and sustainable - a philosophy reflected in its philanthropic work - and outlined in examples from across the business. Environmental Stewardship - Verisk's Climate Disclosure Report highlights how the company is positioned to help customers address climate- and weather-related challenges and navigate the transition to renewable energy. Culture of Inclusion - For the second consecutive year in accordance with the Sustainability Accounting Standards Board template for professional and commercial services companies, Verisk has reported its workforce metrics in diversity and engagement. Corporate Giving - As a responsible corporate citizen, Verisk seeks to build strong charitable partnerships with leading global and local organizations where Verisk's unique data analytics, tools, professional expertise and financial assistance can help maximize the impact and reach of their efforts. Verisk invited five of its charitable partners to speak to the important work they do and describe how Verisk helps.
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LGF.A | Hot Stocks09:07 EDT Lionsgate and the Roku Channel announce theatrical output deal - Lionsgate and THE ROKU CHANNEL, the home of free and premium entertainment on Roku, the TV Streaming Platform, have closed a multiyear theatrical output deal for theatrically released Lionsgate films beginning with the studio's 2022 theatrical releases, the companies announced today. Under the terms of the agreement, THE ROKU CHANNEL will receive two separate windows for each film, the first of which provides exclusive rights to Lionsgate's film slate immediately following its first window on STARZ. The agreement will include properties such as the blockbuster JOHN WICK action franchise starring Keanu Reeves, EXPENDABLES 4, featuring an A-list cast of action stars, and BORDERLANDS, directed by Eli Roth and starring Academy Award winner Cate Blanchett, Kevin Hart, Jamie Lee Curtis and Jack Black.
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MTSI | Hot Stocks09:06 EDT Macom awarded development contract from the U.S. Department of Defense - MACOM Technology Solutions announced that it has been awarded a contract from the U.S. Department of Defense DoD to develop a high-power transmitter. The contract requires MACOM to develop a 45-Kilowatt Radio Frequency transmitter using novel Gallium Nitride semiconductor and antenna beam forming technology. MACOM's solution is based on its proprietary best-in-class MACOM PURE CARBIDE(R) GaN components and power combining expertise. "This award further validates that our semiconductor technology and engineering expertise is suitable for very high-power DoD programs," said Stephen G. Daly, MACOM's President and Chief Executive Officer. "We look forward to supporting this and other similar programs with our technology."
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NWVCF | Hot Stocks09:06 EDT EnWave reports successful injunction application against former CEO - EnWave Corporation received the written reasoning from the B.C. Supreme Court granting an injunction application against its former CEO, Timothy Durance, his companies and affiliates. EnWave continues to pursue its civil claims in the B.C. Supreme Court against several former EnWave employees and other parties, including Timothy Durance. On July 30, 2021, EnWave filed an injunction application seeking orders restraining Mr. Durance, his companies and affiliates from selling or supplying vacuum microwave dryers pending trial. On August 20, 2021, the court granted an order prohibiting Mr. Durance and his companies, and anyone acting in conjunction with them, from selling, attempting to sell, supplying, delivering or installing vacuum microwave dryers pending a more complete hearing of EnWave's injunction application. EnWave's injunction application was heard in the B.C. Supreme Court from January 17 to 20, 2022. On April 25, 2022, the court issued reasons for judgment ordering that the injunction against Mr. Durance, his companies and affiliates remain in place until the trial of EnWave's action. The reasons for judgment will be publicly available through the B.C. court website later today. A trial is scheduled for September 2023.
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USIO | Hot Stocks09:05 EDT Usio reports Q1 credit card dollars processed up 21% - Usio announced that it expects to report "record revenues for the first quarter of 2022 on the strength of record transaction and processing volume for the first quarter of 2022 that it is reporting today," the company said. Louis Hoch, President and Chief Executive Officer of Usio, said, "The new year's revenue growth has picked up right where last year left off, with what should be another quarter of record revenues on record first quarter processing volume of $2.2 billion. Total dollars loaded on prepaid cards set a new, all-time quarterly record, and both total dollars processed and transaction volume in our Card business were all-time records. ACH and Output Solutions were also up strongly from a year ago. Usio's ability to provide a diverse range of innovative electronic payments solutions that are responsive to rapidly changing market demands is clearly propelling our strong growth. I am pleased with this start to the year, which has us on pace to achieve our expected 18-20% revenue growth, positive operating cash flow and Adjusted EBITDA in 2022, conditioned on both continued enthusiasm in the fintech lending and cryptocurrency industries, as well as no appreciable deterioration in economic conditions."
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OCUP | Hot Stocks09:05 EDT Ocuphire Pharma to present at ARVO 2022 meeting, MODLive! 2022 - Ocuphire Pharma announced four poster presentations by key thought leaders Drs Boyer, Devries, Katz, and Pepose on APX3330 and Nyxol at the Association for Research in Vision and Ophthalmology Annual Meeting, which will take place in Denver, CO from May 1-4, 2022. In addition, Ocuphire represented by Bindu Manne, Head of Market Development and Commercialization, will be featured in a podium discussion at the MODLive! Optometry Meeting in Nashville, TN on May 5, 2022. ARVO Annual Meeting - May 1-4, 2022: Session: New drugs, mechanisms of action and ocular toxicology: Title: The safety of APX3330, an oral drug candidate for the treatment of diabetic eye disease, in the ongoing masked 24-week ZETA-1 Phase 2 clinical trial. Dr. Boyer will present masked safety data from the ongoing ZETA-1 Phase 2b trial of oral APX3330 for the treatment of diabetic retinopathy. The results show a favorable ophthalmic and systemic safety and tolerability profile, consistent with 11 prior safety trials of APX3330 in non-ophthalmic indications. The company expects to report top-line results from the ZETA-1 trial in second half of 2022. Session:Aqueous humor dynamics, IOP, corneal disease, cytokines and growth factors. Title: Phentolamine Ophthalmic Solution Reverses Pharmacologically Induced Mydriasis in Healthy Subjects: Subgroup Analyses in the Pivotal Phase 3 MIRA-2 Randomized Controlled Trial: Ocuphire will present pre-specified subgroup analyses from the MIRA-2 Phase 3 trial of Nyxol to reverse pharmacologically-induced mydriasis. Analyses were stratified by drops, iris color, and mydriatic agent. Results showed that Nyxol rapidly reversed mydriasis by significantly returning pupil diameter to normal in 60 to 90 minutes using both one and two drops across mydriatic agents and iris colors. MIRA-2 and the recently completed MIRA-3 represent two well-controlled, confirmatory Phase 3 clinical trials evaluating Nyxol in RM to support an NDA submission with the FDA planned in late 2022. Session: IOLs and Presbyopia. Title:VEGA-1: Phentolamine Ophthalmic Solution as a Single Agent Improves Distance-Corrected Near Visual Acuity in Patients with Presbyopia" Ocuphire will present efficacy data from pre-specified endpoints in the VEGA-1 Phase 2 trial of Nyxol in presbyopia. Results demonstrated that Nyxol as a single agent provided 12 to 18 hour durability and statistically significant improvement in distance-corrected near visual acuity. In addition, results also showed a favorable safety and tolerability profile, particularly notable being the absence of headaches. VEGA-1 supports the advancement to pivotal Phase 3 trials planned for mid-2022 evaluating the efficacy of Nyxol alone and in combination with low dose pilocarpine for presbyopia. Session: IOLs and Presbyopia; Title: The Efficacy of Phentolamine Ophthalmic Solution and Low-Dose Pilocarpine to Improve Distance-Corrected Intermediate Visual Acuity in Patients with Presbyopia: Dr. Pepose will present for the first time to the scientific community efficacy data from the VEGA-1 Phase 2 trial evaluating Nyxol in combination with low-dose pilocarpine to improve distance-corrected intermediate visual acuity (DCIVA) in patients with presbyopia. The results demonstrated that Nyxol and LDP combination had statistically significant improvement in DCIVA at 1 hour with durable results through 6 hours.
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VRPX | Hot Stocks09:04 EDT Virpax Pharmaceuticals reports results from VRP324 study - Virpax Pharmaceuticals reported preclinical pharmacokinetics, or PK, results for VRP324, a nose-to-brain delivery platform for CBD for the management of seizures in children and adults. In this preclinical PK study, VRP324 was able to deliver cannabidiol, or CBD, to the brain after nasal administration in a rodent model. Nasal delivery of VRP324 provided high concentrations of CBD in the brain and the preclinical studies confirm that there were higher levels of CBD in the brain versus the plasma. Virpax believes that VRP324 may achieve higher efficiency via the nasal route compared to the oral CBD product on the market since peripheral exposure via plasma may be reduced by the nose-to-brain delivery. Evidence suggests that compared to the commercialized oral-dosed CBD, the nose-to-brain CBD formulation may have negligible liver first-pass metabolism, thereby avoiding drug to drug interactions and potentially producing fewer side effects. By avoiding the first pass effect, intranasal VRP324 may also eliminate enzymatic degradation.
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HBIO | Hot Stocks09:04 EDT Harvard Bioscience introduces new feature to its Buxco Inhalation System - Harvard Bioscience has introduced SmartStudy, a technology feature to its Buxco Inhalation System aimed at supporting more precise results, cost savings, and improved productivity for preclinical researchers. Product demonstrations were conducted in-booth during the recent Society of Toxicology annual meeting in San Diego and will be available again May 15-17 during the American Thoracic Society conference in San Francisco. SmartStudy permits researchers running small animal aerosol inhalation and exposure studies to shut off delivery of the test article to individual subjects when they have received the desire dosage while other animals continue to receive dosing. This is an exclusive feature of the Buxco Inhalation System which reduces the margin of error by being able to stop the known delivery amount. "SmartStudy combined with Accumulated Inhaled Aerosol or AIA is a natural progression of technological advances leading to scientific practices and results," said Jim Green, President and CEO of Harvard Bioscience. "This new technology gives our customers more control over their studies and their study experience for more precise results and a savings in time, money and subjects."
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ABT | Hot Stocks09:03 EDT Abbott recommends shareholders not to endorse TRC's mini-tender offer - Abbott received notice of an unsolicited mini-tender offer by TRC Capital Investment, or TRC, to purchase up to 1,000,000 Abbott common shares, representing approximately 0.06% of the company's outstanding shares. TRC's offer price of $112.38 per share in cash is approximately 4.5% lower than the $117.69 closing price of Abbott common shares on April 14, 2022, the last closing price prior to commencement of the offer. Abbott does not recommend or endorse TRC's unsolicited below-market mini-tender offer and recommends that shareholders not tender their shares because the offer is at a price significantly below the current market price of Abbott common shares. Abbott is not affiliated or associated in any way with TRC, its mini-tender offer or the mini-tender offer documentation. Abbott urges shareholders to obtain current market quotations for their shares, to consult with their broker or financial advisor, and to exercise caution with respect to TRC's mini-tender offer.
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CCL | Hot Stocks09:02 EDT Carnival names Josh Weinstein as new CEO - Carnival "announced that effective August 1st, Arnold Donald, currently President and CEO, is being appointed Vice Chair and member of the Boards of Directors. Josh Weinstein, currently COO for the company, will assume the role of President and CEO of Carnival Corporation & plc. In his most recent assignment for the past two years as Carnival Corporation & plc's Chief Operations Officer, Weinstein oversaw all major operational functions including global maritime, global ports and destinations, global sourcing, global IT and global auditing."
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IBM | Hot Stocks08:58 EDT IBM raises quarterly dividend to $1.65 per share - Payable June 10 to stockholders of record as of May 10.
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DHI | Hot Stocks08:57 EDT D.R. Horton: Rising rates will impact affordability 'at some point'
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UTRS | Hot Stocks08:57 EDT Minerva Surgical announces AUB Awarness Day - Minerva Surgical announced the debut of the first ever AUB Awareness Day on May 18, 2022. The activation is designed to raise awareness about this common medical condition that affects 1 in 3 women, and results in uterine bleeding outside the normal volume, duration, regularity, or frequency. AUB has a variety of causes and symptoms and can leave a woman feeling as if life revolves around her period.
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AMRN HLTRF | Hot Stocks08:56 EDT Amarin partner HLS Therapeutics completes reimbursement negotiations with pCPA - Amarin Corporationannounced its partner HLS Therapeutics has completed negotiations with Canada's pan-Canadian Pharmaceutical Alliance for the terms and conditions under which VASCEPA would qualify for public market reimbursement in Canada. Following these negotiations, HLS has signed a Letter of Intent which allows HLS to work with all participating provincial jurisdictions to secure coverage from publicly funded drug plans across Canada, and for VASCEPA to potentially be added to their respective plans. In September 2017, Amarin and HLS Therapeutics entered into an exclusive commercialization agreement between the parties to register, commercialize and distribute VASCEPA capsules in Canada. Under the agreement, HLS is responsible for regulatory and commercialization activities and associated costs. Amarin is responsible for providing assistance towards local filings, supplying finished product and maintaining intellectual property. Prior to the study's completion, Amarin had also been responsible for continuing the development and funding of REDUCE-IT. Terms of the agreement include up-front and milestone payments to Amarin of up to US$65.0 million. These payments include a non-refundable upfront payment of US$5.0 million, which Amarin received when the agreement was reached, as well as development, regulatory and sale-based milestones totaling up to an additional US$60.0 million. The agreement also provides for HLS to pay Amarin tiered double digit royalties on net sales of VASCEPA in Canada. Amarin is obligated to supply finished product to HLS under negotiated supply terms. The agreement for supply and commercialization is for Canada only and includes all Canadian provinces.
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AREC | Hot Stocks08:55 EDT American Resources partners with Land Betterment Corporation - American Resources Corporation announced that it has partnered with Land Betterment Corporation to support the development of a historical museum in Kragon, Kentucky lead by local leader and land owner Doug Terry and Kragon Historical Preservation, Inc. The museum will be located near the identified site of historical indigenous burial grounds dating back as far as 7 to 800 A.D. and showcase the history and findings of the site. Kragon Historical Preservation, Inc is in the final stages of formation of its 501(c)(3) nonprofit with the purpose of preserving and protecting the historical, cultural and sacred grounds of Kragon, Kentucky for the current and future generations to appreciate and protect! Kragon is a Fort Ancient Village located on a sharp bend of the North Fork River in Breathitt County near the town of Jackson. According to the 2008 Kentucky State Archaeological Report, this site meets the eligibility criteria for inclusion in the national record of historic places. Plans are for a museum to be built to display artifacts that have been recovered from this site and to be open for public viewing. To support the cause and formation of an onsite museum, historical preservation and tourist and educational platform there will be a link available on www.kragon.org once the nonprofit has received their tax-exempt status from the IRS.
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ECL | Hot Stocks08:54 EDT Ecolab to narrow presence in Russia - The company said, "In light of Russia's invasion of Ukraine and the sanctions against Russia by the United States and other countries, Ecolab has made the determination that it will limit its Russian business to operations that are essential to life, providing minimal support for its healthcare, pharma, food and beverage and certain water businesses. Ecolab may further narrow its presence in Russia depending on future developments. Ecolab's Russian operations represented approximately 1% of Ecolab's 2021 annual sales."
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VEV | Hot Stocks08:54 EDT Vicinity Motor enters Pacific islands distribution agreement with Soderholm - Vicinity Motor announced that it has signed a non-exclusive distribution agreement with Soderholm Sales & Leasing, a full service bus dealer in Hawaii and the Pacific islands region, to offer the Company's Vicinity Lightning, Vicinity Classic and VMC-Optimal vehicles, including an initial commitment for four demo and stock buses. Under the new agreement, SSL will distribute Vicinity vehicles throughout Hawaii. The Vicinity line adds to the SSL's growing portfolio of traditional and electric vehicles. The agreement includes a commitment to four stock and demonstration vehicles - including two VMC Optimal S1 vehicles, one Vicinity Classic bus and one Vicinity Lightning bus.
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DHI | Hot Stocks08:53 EDT D.R. Horton deliberately slowed sales in Q2
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ET | Hot Stocks08:53 EDT Energy Transfer LP boosts quarterly distribution 30% YoY - Energy Transfer announced a quarterly cash distribution of 20c per Energy Transfer common unci 80c on an annualized basis for the first quarter ended March 31, which will be paid on May 19, 2022 to unitholders of record as of the close of business on May 9 . The distribution per unit is more than a 30 percent increase over the first quarter of 2021 and represents another step in Energy Transfer's plan to return additional value to unitholders while maintaining its target leverage ratio of 4.0x-4.5x debt-to-EBITDA. Future increases to the distribution level will be evaluated quarterly with the ultimate goal of returning distributions to the previous level of $ 30,5c per quarter, or $1.22 on an annual basis, while balancing the partnership's leverage target, growth opportunities and unit buy-backs.
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KEY | Hot Stocks08:49 EDT KeyCorp announced elimination of non-sufficient fund fees and other measures - KeyBank announced the elimination of non-sufficient fund fees, a reduction in overdraft fees, and other steps to help clients manage their finances. Initially discussed at KeyCorp's Investor Day on March 1, additional details are being released today. These changes, expected to be offered beginning in late 2022, also include enhancements to products to make them even more convenient and flexible for clients. Currently, KeyBank offers the KeyBank Hassle-Free Account, a Bank On certified product with no overdraft, monthly maintenance service charges or minimum balance fees. Changes being announced and taking effect in late 2022 will apply to KeyBank's other checking and savings accounts and include: Elimination of non-sufficient fund fees; Introduction of a $20 de minimis threshold, where clients won't incur overdraft fees for negative balances below this level; Reduction of overdraft fee to $20 per occurrence; Institution of an overdraft fee cap of three per day; Provision of $0 Overdraft Protection for all linked accounts.
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BVS | Hot Stocks08:48 EDT Bioventus announces $415M offering of senior notes - Bioventus announced that, subject to market conditions, its subsidiary Bioventus intends to offer for sale $415 million in aggregate principal amount of its senior notes due in 2027 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The Notes will be guaranteed by each of the Issuer's domestic restricted subsidiaries that guarantee the Issuer's obligations under its senior secured credit facilities. The Issuer intends to use the net proceeds from the offering of the Notes to fund the remaining portion of the purchase price for the acquisition of CartiHeal pursuant to an Option and Equity Purchase Agreement, dated as of July 15, 2020, among the Issuer, CartiHeal and certain persons listed therein, repay a portion of outstanding borrowings under our amended and restated credit facilities and pay fees and expenses in connection with the offering of the Notes. Any remaining net proceeds will be used for general corporate purposes. If the consummation of the Acquisition does not occur on or before the date that is 75 days after the issue date of the Notes or the Issuer determines that the consummation of the Acquisition will not occur on or before the End Date, then the Issuer will be required to redeem all of the outstanding Notes at a redemption price equal to 100% of the principal amount of the outstanding Notes, plus accrued and unpaid interest, if any, prior to, but excluding, the redemption date. Concurrently with this offering, the Issuer intends to enter into an amendment to its Amended and Restated Credit Facilities pursuant to which, the Amended and Restated Credit Facilities will be modified to, among other things, permit the incurrence of the notes and the consummation of the CartiHeal Acquisition, modify the financial covenant, modify the capacity for additional unsecured indebtedness and add additional leverage-based step ups in the interest rate applicable to the loans. The Third Amendment to the Credit Agreement is subject to the approval of the requisite lenders under our Amended and Restated Credit Facilities, and the effectiveness of the Third Amendment to the Credit Agreement will be conditioned upon the completion of the offering of the Notes.
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TOL | Hot Stocks08:47 EDT Toll Brothers announces opening of Eloise at Grant Park - Toll Brothers announced the opening of the townhome collection at Eloise at Grant Park, a community of 12 townhome and 18 condominium home designs just minutes from Grant Park. "Our community offers modern floor plans designed for today's homebuyers within Atlanta's largest historic district," said Jonathan Carter, Toll Brothers Division President of the Atlanta Urban Division. "The exceptional design of each townhome and the outstanding location combine to provide a truly desirable urban lifestyle."
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OSS | Hot Stocks08:46 EDT One Stop Systems adds autonomous truck wins with Centauri platforms - One Stop Systems has confirmed two new autonomous truck program wins with a pioneer in self-driving technology and a subsidiary of one of the world's largest commercial vehicle manufacturers using Level 4 driving automation. OSS worked closely with customers to define the attributes of Centauri that would make this product ideal for the autonomous truck market. Centauri is a PCIe Gen 4 NVMe rugged storage product offering high capacity in a compact hot-swappable canister that slides into the Centauri chassis. The SDS server is available today, with the Centauri storage product to ship before the end of the week. Product shipments are expected to begin in June 2022 against confirmed purchase orders. "These wins continue to validate our AI transportable strategy and technology," stated David Raun, OSS' president and CEO, "and we believe that they further establish OSS as a market leader in ruggedized compute and storage products for autonomous trucks. Autonomous trucking represents a perfect example of a rapidly growing market that demands 'performance without compromise' in harsh environments and where we believe that we have a clear competitive advantage."
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ITI | Hot Stocks08:46 EDT Iteris awarded $3.7M smart mobility, contract from OCTA - Iteris announced that it has been awarded a $3.7M contract from the Orange County Transportation Authority OCTA for a regional smart mobility, safety and sustainability program, representing continued demand for Iteris' mobility consulting and mobility intelligence services in southern California, a key geographic market.
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QTNT | Hot Stocks08:44 EDT Quotient appoints Aebischer to board of directors - Quotient announced the appointment of Thomas Aebischer to Quotient Board of Directors effective as of May 1, 2022. Aebischer will also serve on the Board's Audit Committee. Thomas Aebischer, 60, has been the chief financial officer of RWDC since March 2021.
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PALT | Hot Stocks08:44 EDT Paltalk launches mobile backgammon game - Paltalk is pleased to announce the launch of its mobile backgammon game enabling Paltalk users to play with friends, other users or privately with real-time voice and video. Paltalk believes that providing additional interactive offerings and content on its platforms, such as mobile backgammon, will lead to increased user engagement. The Company believes that existing subscribers will introduce mobile games to potential new subscribers. Mobile backgammon was initially released on Android and is expected to become available on Desktop by the end of the second quarter of 2022.
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CTXS MSFT | Hot Stocks08:43 EDT Citrix collaborates with Microsoft to simplify transition to hybrid work - "The way people work is changing. To meet the needs and expectations of an increasingly flexible workforce, IT has to provide fast, reliable, and secure access to the resources employees need to get things done, whether they are working at home, in the office, on the road or anywhere in between. And Citrix Systems, Inc. CTXS) is collaborating with Microsoft (MSFT) to help them do it with greater simplicity and speed. The company today announced that Citrix Desktop as a Service is now available in Azure Marketplace, making it easier than ever for companies to purchase the market-leading solution and use it to quickly stand up the secure, high-performing workspaces that distributed workers demand," said a company statement.
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UPS | Hot Stocks08:43 EDT UPS says has suspended all operations in Ukraine, Belarus, Russia - Says "pleased" with Q1 results. Says all segments delivered operating profit growth in Q1. Says seeing "many positives" inside the business. Says "confident" in outlook and financial position. Comments taken from Q1 earnings conference call.
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ACA | Hot Stocks08:43 EDT Arcosa to sell storage tanks business for $275M in cash - Arcosa announced it has entered into a definitive agreement to sell its storage tanks business to Black Diamond Capital Management for $275M in cash, subject to customary transaction adjustments. Established in 1933 and marketed under the Arcosa Tank and TATSA brands, the company's storage tanks business is a manufacturer of steel pressure tanks for the storage and transportation of propane, ammonia and other gases serving the residential, commercial, energy, and agricultural markets with operations in the U.S. and Mexico. Reported within the company's engineered structures segment, revenues were approximately $200M in 2021. Following the transaction, the company will continue to maintain a strategic manufacturing platform in Mexico, primarily supporting its Engineered Structures segment with the flexibility to manufacture other Arcosa products. The transaction is expected to close in the second half of the year, subject to regulatory approvals in the U.S. and Mexico and other customary closing conditions. Further transaction details will be provided during Arcosa's Q1 earnings conference call.
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GLTO | Hot Stocks08:43 EDT Galecto completes enrollment in global Phase 2b GALACTIC-1 trial of GB0139 - Galecto announced it has completed enrollment of patients in its Phase 2b GALACTIC-1 trial of GB0139 for idiopathic pulmonary fibrosis, IPF. "We are very excited to complete enrollment in this Phase 2b trial in IPF and are encouraged by the support of the clinical investigators and patients participating in the trial. Limited treatment options for patients with IPF make it an area of significant unmet need and patients would benefit from innovative and disease-modifying treatment options that are safe and well-tolerated," said Dr. Hans Schambye, President and Chief Executive Officer of Galecto. "Once-daily inhaled GB0139 offers the potential to play an important role in filling this unmet need with its demonstrated ability to specifically target galectin-3, one of the key regulators in the disease. We look forward to topline data from this study in mid-2023." GALACTIC-1 is a randomized, double-blind, placebo-controlled, parallel-group, multicenter Phase 2b study being conducted across approximately 100 centers globally. The primary endpoint of the trial is to assess the annual rate of decline in forced vital capacity.
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VMEO | Hot Stocks08:43 EDT Vimeo enterprise video solutions available on Google Cloud Marketplace - Vimeo announced the availability of its enterprise video offerings to developers directly on the Google Cloud Marketplace, making it easier and more accessible for businesses of all kinds to integrate video across their operations.
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DHI | Hot Stocks08:42 EDT D.R. Horton sees Q3 home sales gross margin 'slightly better' than Q2
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SEAT | Hot Stocks08:42 EDT Vivid Seats promots Bakal to Chief Product and Strategy Officer, Pickus to CAO - Vivid Seats announced the appointment of Riva Bakal to the new role of Chief Product and Strategy Officer, and Ted Pickus to Chief Accounting Officer, CAO. Riva Bakal has served as Senior Vice President of Strategy and Product at Vivid Seats since February 2021 and previously served as Vice President of Strategy and Corporate Development since she joined the company in 2019. Ted Pickus has served as Vice President of Accounting at Vivid Seats since 2018 and previously held several leadership positions since he joined the company in 2013.
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DHI | Hot Stocks08:42 EDT D.R. Horton hasn't seen improvement in supply chain yet
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TARS | Hot Stocks08:42 EDT Tarsus Pharmaceuticals presents data on two studies on Demodex blepharitis - Tarsus Pharmaceuticals presented data yesterday from its Atlas Continuation study on the negative impacts to daily life and visual function, and preliminary findings from its Pandora study on pathogenic bacterial count, for patients with Demodex blepharitis at the American Society of Cataract and Refractive Surgery 2022 Annual Meeting. Accepted abstracts include: Impact of Demodex Blepharitis on Patients: Results of the Atlas Trial; Mitchell A. Jackson, M.D., et al. Demodex Blepharitis and Coexisting Bacterial Burden in Eye Care Patients: The Pandora Study; Elizabeth Yeu, M.D., et al. "Data from these studies demonstrate that patients with Demodex blepharitis continue to experience significant detriment to their daily lives, with no effective, well-tolerated or FDA-approved options," said Bobak Azamian, M.D., Ph.D., President and Chief Executive Officer of Tarsus. "This research enables us to obtain additional, compelling insights into this significantly underserved patient population and reinforces our commitment to the Demodex blepharitis community. As we prepare to imminently share topline results from our pivotal Saturn-2 trial for TP-03, we are hopeful that we'll be able to bring a safe and effective treatment forward for FDA review, which may offer a solution to the millions of patients struggling with Demodex blepharitis."
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DHI | Hot Stocks08:41 EDT D.R. Horton 'well-positioned' for revenue growth of over 25% this year
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DHI | Hot Stocks08:40 EDT D.R. Horton: Still 'significant' challenges in supply chain
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VEV | Hot Stocks08:40 EDT Vicinity Motor in distribution pact with Soderholm Sales & Leasing - Vicinity Motor announced that it has signed a non-exclusive distribution agreement with Soderholm Sales & Leasing, a full service bus dealer in Hawaii and the Pacific islands region, to offer the Company's Vicinity LightningTM, Vicinity Classic and VMC-Optimal vehicles, including an initial commitment for four demo and stock buses. Founded in 1989, Soderholm Sales & Leasing, Inc. is a woman- and multigenerational family-owned and operated company - acting as the only fully licensed, full-service bus dealer in Hawaii and the Pacific. The company's product mix includes new and used, small and mid-sized buses, full-sized motor coaches, school buses, vans, trams, and trolleys. Located on Oahu, SSL serves the State of Hawaii, and is the largest dedicated bus dealer in the U.S. South Pacific servicing 28 islands including Guam, Saipan and American Samoa.
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BTN | Hot Stocks08:40 EDT Ballantyne Strong's STRONG/MDI to open new screen finishing facility - STRONG/MDI Screen Systems, a wholly-owned subsidiary of Ballantyne Strong, announced that it has entered into a cooperative agreement with Lemmens S.A., located in Sprimont, Belgium, to facilitate expedited screen shipments for cinema industry customers in Europe and the Middle East. The new agreement will utilize Lemmens' modern facility and STRONG/MDI's proprietary screen manufacturing processes to facilitate quick-ship screen deliveries to cinema operators in Europe and the Middle East. "We have searched long and hard over the past couple of years for the right solution to provide our exhibitors in Europe and the Middle East with STRONG/MDI screens through an expedited quick-ship program. We now have the answer with our new partnership with Lemmens in Belgium," said Ray Boegner, President of STRONG/MDI. The new quick-ship program is expected to be on-line and operational by June 1, 2022.
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OLB | Hot Stocks08:40 EDT OLB Group announces receipt of $240M valuation from from independent firm - OLB Group announced that the company has received a $240M valuation from Corporate Valuation Advisors, an independent valuation and appraisal firm that provides valuation advisory services and fairness opinions to public and private companies. OLB engaged the firm to determine the company's fair market value and provide a comparison to similar companies in the industries where OLB does business. OLB received the valuation as of December 31, 2021, and since then has closed its acquisition of Crowd Ignition and expanded its cryptocurrency mining operation by securing 10,000 square feet of leased space in Bradford, Pennsylvania. The valuation noted that the company increased its value in the fourth quarter of 2021 as the result of the addition of new merchants and the formation of several new business ventures included in the year-end projections.
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IONM | Hot Stocks08:40 EDT Assure Holdings appoints James Watt as national technologist director - Assure Holdings announced the appointment of James Watt to the position of national technologist director. Mr. Watt reports to Assure's vice president of clinical operations, Stephanie Krouse. In his new role, Mr. Watt leads day-to-day operations for Assure's clinical technologist team, ensuring quality of service and overseeing the Company's training and development program. In addition, Mr. Watt will play an important role in the establishment of new competencies that will drive Assure's expansion into adjacent markets such as electroencephalogram as well as the creation of a Deep Brain Stimulation program. Mr. Watt has 25 years of experience in the IONM industry, most recently serving as chief innovation officer and chief operating officer at Advanced Monitoring Services.
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DHI | Hot Stocks08:39 EDT D.R. Horton: New home demand 'very strong' - Comments taken from Q2 earnings conference call.
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EVOK | Hot Stocks08:39 EDT Evoke Pharma granted FDA market exclusivity for GIMOTI - Evoke Pharma announced that it has been granted new drug product exclusivity by the U.S. Food and Drug Administration for GIMOTI nasal spray. Evoke now has exclusive marketing rights over a period of three years from the original date of approval under the Hatch-Waxman Act to protect the product from generic drug competition. Enacted by Congress in 1984, the Hatch-Waxman Amendments include provisions that involve patents and exclusivities related to new drug applications. In addition to the market exclusivity, Evoke maintains a robust patent estate, with currently two Orange book-listed patents entitled "Nasal Formulations of Metoclopramide," U.S. Patent No. 11,020,361, and U.S. Patent No. 8,334,281, that expire in 2029 and 2030, respectively. The Company has also been granted gender-specific patents in the E.U., Japan, and Mexico with coverage until 2032. Furthermore, the Company has other pending patent applications with individual expiration dates of 2032, 2037, and 2038, if approved.
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PNT | Hot Stocks08:38 EDT Point Biopharma announces first patient dosed in EU in Phase 3 SPLASH trial - POINT Biopharma Global announced the first patient in the European Union, EU, has been dosed in the Phase 3 SPLASH trial. The SPLASH trial is investigating the use of 177Lu-PNT2002, a PSMA-targeted radioligand, in pre-chemotherapy metastatic castration-resistant prostate cancer, mCRPC, with entry criteria including a positive PSMA-PET scan with either 68Ga-PSMA-11 or 18F-DCFPyL. The SPLASH trial began randomization in North America in September 2021, and a total of 37 trial sites across North America and Europe are currently enrolling patients. Site activations in remaining jurisdictions continue to further accelerate trial recruitment. The Company continues to expect to report top line data from SPLASH mid-2023. "I'm pleased with our team's consistent execution of the SPLASH trial," said Dr. Joe McCann, CEO of POINT Biopharma. "In two years, we've gone from a pre-IND meeting with the FDA to dosing patients in multiple countries, and I'm proud of our team for realizing this achievement. We remain on track to complete recruitment by the end of this year, and to disclose efficacy and safety data from the 27-patient lead-in in the second half of 2022."
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POAI CVS | Hot Stocks08:38 EDT Predictive Oncology appoints Theresa Ferguson as senior director, marketing - Predictive Oncology (POAI) announced that Theresa Ferguson has been named Senior Director of Marketing. As Predictive Oncology's senior marketing leader, Ferguson steps in as the company begins commercialization of its knowledge-driven technologies, applying artificial intelligence to develop personalized cancer therapies and improve patient outcomes. Ferguson will play a critical role in the development and execution of successful marketing and communications strategies to unify and strengthen Predictive Oncology's public presence, manage corporate partners to support sales goals and help maximize profitability. She will guide ongoing strategic, operational and financial planning for existing and new key markets. Most recently with CVS Health/Aetna (CVS), she worked in strategic marketing communications for Sales Enablement and was a key member of the company's cross-enterprise Strategic Solutions Win Room team.
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WBD | Hot Stocks08:38 EDT Warner Bros. Discovery says CNN+ was a chunky investment - Says has no religion on one platform over another. Says focus is to invest in content and platforms. Says ultimate goal is to drive free cash flow. Says has 100M collective subscribers. Says not trying to win direct-to-consumer spending war. Says HBO Max is on a roll. Says Q1 operating profit and cash flow for Warner Media were below expectations. Says 2022 will be a messy year with moving pieces. Says on HBO Max there's huge amount of content that's not being used on subscription platform. Says combined company spends $5B per year on marketing. Says reiterates FY23 targets. Comments taken from Q1 earnings conference call.
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SLS | Hot Stocks08:37 EDT Sellas Life Sciences launches expanded access program for Galinpepimut-S - SELLAS Life Sciences announced that the Company has launched a Pre-Approval Access/Expanded Access Program, EAP, with SELLAS' lead asset, GPS, for treating patients suffering from acute myeloid leukemia, AML. GPS is an immunotherapeutic that targets the Wilms Tumor 1 protein. The Company is currently testing GPS as a monotherapy in a pivotal Phase 3 clinical trial in patients with AML who have achieved second complete remission, as well as in combination with PD1 inhibitors in earlier stage clinical trials. "After receiving multiple requests from physicians who have been following GPS and its results to date, it became clear, particularly under the 21st Century Cures Act, that we needed to initiate an EAP quickly to help patients around the world with AML, an aggressive form of cancer that progresses rapidly without the proper treatment," said Angelos Stergiou, MD, ScD. h.c., President and CEO, SELLAS. "SELLAS is firmly committed to its mission to improve clinical outcomes for these patients and their families who want to consider all possible therapeutic options, as well as ensuring that we are bringing a new, safe and potentially effective treatment option to physicians and patients in need."
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ABVC | Hot Stocks08:36 EDT ABVC BioPharma announces Vitargus Phase II study investigator meeting - ABVC BioPharma announced that the principal investigators of the Phase II clinical study of Vitargus will hold a virtual meeting on April 27, 2022. The meeting will be attended by all principal investigators currently selected from the Australian and Thailand sites to help coordinate the study, entitled "A Prospective Multi-Site Open Label Randomized Controlled Clinical Investigation of the Safety and Effectiveness of ABV-1701 Ocular Endotamponade." "We are proceeding steadily according to our Vitargus development plan," said Dr. Howard Doong, CEO of ABVC BioPharma. "The investigator meeting will facilitate a mutual understanding of the study's goals and set procedures to share experiences among the Principal Investigators. The Australian and Thai sites are expected to enroll approximately 40 patients in the study, which is a good starting point for our goal to enroll at least 175 patients in multiple countries by the end of 2023."
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PRTA | Hot Stocks08:36 EDT Prothena receives Fast Track designation for PRX012 - Prothena announced that the U.S. Food and Drug Administration, FDA, has granted Fast Track designation for PRX012, a potential best-in-class anti-amyloid beta antibody therapy currently being investigated in a Phase 1 clinical study for the treatment of Alzheimer's disease. The FDA's Fast Track designation program is designed to expedite the development and review of drugs intended to treat a serious condition, such as Alzheimer's disease, with evidence demonstrating the potential to address an unmet medical need. "We welcome the FDA's decision to grant PRX012 Fast Track designation, which is designed to bring important new drugs to patients sooner, and we look forward to collaborating with the FDA to expedite the development of this investigational next-generation amyloid beta-targeting therapy for the millions of patients with Alzheimer's disease and their families," said Gene Kinney, Ph.D., President and Chief Executive Officer of Prothena. "We are pleased the FDA has recognized the evidence demonstrating the potential for PRX012 to address an unmet need in the treatment of Alzheimer's disease. With its substantially higher binding strength that allows for simple subcutaneous administration, PRX012 is positioned to potentially lead a paradigm shift in Alzheimer's treatment."
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BMRA | Hot Stocks08:35 EDT Biomerica announces FDA submission for test to detect H. pylori bacteria - Biomerica announced it has submitted a 510(k) premarket notification to the U.S. Food and Drug Administration, FDA, for hp+detect, a new product that detects the presence of the H. pylori bacteria, which infects approximately 35% of the U.S. population. Under the current FDA 510(k) Premarket Notification Process, the FDA's goal is to provide a decision within 90 days to the submitting company, unless further information is requested. Biomerica is also preparing to submit a CE Mark filing, which will enable the product to be sold in most EU countries and other regions around the world. Biomerica's Chairman and Chief Executive Officer Zack Irani stated, "This FDA submission is a milestone in our commitment to bringing a diagnostic solution for the over 115 million people suffering from H. pylori infection across the U.S. today. We're particularly excited about this product as it has shown to be highly accurate as compared to other products in the market. We've also created an efficient, low-cost manufacturing process that should enable high gross margins on this product."
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VRNOF | Hot Stocks08:35 EDT Verano Holdings submits management cease trade order application - Verano Holdings announced it will release U.S. GAAP financial results for the fourth quarter and full year ended December 31, 2021, before the market opens on Wednesday, April 27, 2022, and also announced it will release first quarter results for the quarter ended on March 31, 2022, before the market opens on May 25, 2022. Additionally, the Company is submitting an application to the Alberta Securities Commission, the Company's principal securities regulator in Canada, requesting that a management cease trade order be granted in respect of the expected late filing of the Company's 2021 audited annual financials prepared in accordance with IFRS and the related management's discussion and analysis of financial results and officer certifications. There is no guarantee that a MCTO will be granted.
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MF | Hot Stocks08:35 EDT Missfresh triples stock volume in Beijing after increase in COVID-19 cases - After some of COVID cases in Beijing and mass COVID-19 testing in most of the city, residents snapped up food and other suppliers with the fear of rising number of cases. Missfresh has tripled its stock volume to meet consumer demand during this time with more than 200 tons of "essential for livelihood" commodities such as meat, eggs, vegetables, and fruits, the Missfresh customers are able to access to fresh goods. In addition, the supplies of other non-perishable foods including oil, frozen foods and meats have also been expanded and stocked. For more than 20 stores in key areas, Missfresh is carrying out a second round of replenishment in the afternoon and will continue to increase shipment according to the consumer demand.
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NWFL | Hot Stocks08:34 EDT Norwood Financial announces Davis to retire as board chairman of company - William Davis, Jr. has announced he is going to retire from the Board of Directors of Norwood Financial Corp and its wholly owned subsidiary, Wayne Bank, effective as of the Company's Annual Meeting of Stockholders to be held on April 26, 2022. Davis is expected to be appointed as Director Emeritus following his retirement from the Boards.
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VVOS | Hot Stocks08:34 EDT Vivos Therapeutics opens third U.S. multidisciplinary sleep apnea clinic - Vivos Therapeutics announced that Vivos' medical integration division will open its third U.S. multidisciplinary sleep apnea clinic in May 2022 in Toluca Lake, Calif. The new facility will join existing Pneusomnia Centers in Del Mar and Modesto, Calif. The Center will be a clinician-owned, Medicare-approved clinic. It will provide a comprehensive array of services that include The Vivos Method treatment for both adults and children, mandibular advancement devices, laser treatment, oral myofunctional therapy, home sleep testing and positive airway pressure services. The Center will be led by Dr. Jonathan Greenburg, DDS, a nationally renowned expert in dental sleep medicine and faculty member at The Vivos Institute in Denver, Colo., and Dr. Michael Marsh, MD, an American Board of Internal Medicine diplomate who has practiced internal medicine for over 25 years.
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CTXR | Hot Stocks08:33 EDT Citius enrolls first patient in Phase 2b clinical study of Halo-Lido - Citius Pharmaceuticals announced that the first patient has been enrolled in the Company's Phase 2b clinical study of Halo-Lido for the treatment of hemorrhoids. If approved, Halo-Lido would be the first FDA-approved prescription product indicated for the treatment of hemorrhoids. The Phase 2b study is a multi-center, randomized, dose-ranging, double-blind, parallel group comparison clinical trial. Five cohorts of adults with a clinical diagnosis of symptomatic Goligher's classification Grade II or Grade III hemorrhoids will be dosed. Approximately 60 patients per cohort are expected to be enrolled, for a total of 300 patients. The key objective of the study is to evaluate the ability of the formulations used in each cohort to provide relief for patients with acute flare ups.
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ETTX | Hot Stocks08:33 EDT Entasis Therapeutics presents five poster presentations at ECCMID - Entasis Therapeutics announced five poster presentations highlighting additional SUL-DUR and ATTACK details and results were presented at the 32nd European Congress of Clinical Microbiology and Infectious Diseases, ECCMID, annual conference, held April 23-26, 2022 in Lisbon, Portugal. "Characterization of Co-Infecting Gram-negative pathogens isolated in addition to Acinetobacter baumannii-calcoaceticus complex at baseline from patients enrolled in the ATTACK Phase 3 trial" examined the susceptibilities of co-infecting Gram-negative pathogens from the ATTACK trial to SUL-DUR plus imipenem. 33% of m-MITT ATTACK patients were co-infected with at least one other Gram-negative pathogen. Notably, only 45% of these isolates were susceptible to imipenem alone while 73% were imipenem-susceptible in the presence of SUL-DUR. "Sulbactam-durlobactam in vitro dose response studies with and without imipenem or meropenem against carbapenemase-producing Acinetobacter baumannii utilizing the hollow-fiber infection model" showed that, at clinically relevant exposures, SUL-DUR alone exhibited robust killing activity against a carbapenem resistant Acinetobacter isolate with a SUL-DUR MIC below the preliminary breakpoint. "Safety profile of sulbactam-durlobactam versus colistin therapy in patients with Acinetobacter baumannii-calcoaceticus complex infections from the global, randomized, active-controlled phase 3 trial" reported that 12.1% of ATTACK patients receiving SUL-DUR experienced drug-related Treatment Emergent Adverse Events compared to 30.2% in the colistin group and that nephrotoxicity occurred significantly less often with SUL-DUR: 13.2% vs. 37.6%. "Efficacy and safety of sulbactam-durlobactam therapy in patients with Acinetobacter baumannii-calcoaceticus complex infections in the open label Part B of the ATTACK phase 3 trial" showed a comparable 28-day ACM in Part B of ATTACK to that of Part A, despite 57% of Part B patients infected with colistin-resistant Acinetobacter. "In vitro activity of sulbactam-durlobactam against Acinetobacter baumannii-calcoaceticus Complex isolates from a five-year surveillance Program" highlighted SUL-DUR's potent in vitro activity against ABC isolates from diverse infections and geographical locations with an MIC90 value of 2 mg/L and 98.2% inhibited at less than or equal to4 mg/L.
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ETTX | Hot Stocks08:33 EDT Entasis Therapeutics presents data from Phase 3 ATTACK trial at ECCMID - Entasis Therapeutics announced that top-line data from the company's pivotal Phase 3 ATTACK trial was presented at the 32nd European Congress of Clinical Microbiology and Infectious Diseases, ECCMID, annual conference, held April 23-26, 2022 in Lisbon, Portugal. In Entasis's first oral presentation, Dr. Alita Miller, PhD, Vice President, Microbiology discussed the "Characterization of Acinetobacter baumannii-calcoaceticus complex, ABC, pathogens isolated at baseline from patients enrolled in the ATTACK Phase 3 trial." Results showed that this collection was 96% carbapenem- and multidrug-resistant, 84% extensively drug-resistant, and 15% pan-drug resistant. Colistin was the only comparator antibiotic tested with over 60% in vitro susceptibility. In contrast, only 4.6% of isolates had sulbactam-durlobactam MICs greater than4 mg/L. In Entasis's second oral presentation, Dr. David Altarac, MD, Chief Medical Officer, highlighted details from the "Efficacy and safety of sulbactam-durlobactam versus colistin therapy in patients with Acinetobacter baumannii-calcoaceticus complex infections: a global, randomized, active-controlled Phase 3 trial." The ATTACK trial was conducted to evaluate the efficacy and safety of SUL-DUR versus colistin, both in combination with imipenem/cilastatin, for patients with ABC infections, including carbapenem-resistant and multidrug-resistant strains. Dr. Altarac presented the following results from Part A of the ATTACK study: The primary efficacy endpoint, 28-day all-cause mortality in the carbapenem resistant Acinetobacter baumannii-calcoaceticus m-MITT cohort was 19.0% and 32.3% for SUL-DUR versus colistin, respectively; Clinical cure rates at test-of-cure were 61.9% and 40.3% for SUL-DUR versus colistin; Treatment-related Adverse Events were 12.1% and 30.2% in the SUL-DUR and colistin groups, respectively; A statistically significant reduction in nephrotoxicity was observed with SUL-DUR compared to colistin: 13.2% versus 37.6%.
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STEP | Hot Stocks08:33 EDT Coversus StepStone Private Markets exceeds $500M in AUM - Conversus announced that its inaugural fund, Conversus StepStone Private Markets, has surpassed $500 million of assets under management. CPRIM, which offers accredited investors diversified, global exposure to the major private market asset classes-private equity, real assets, including infrastructure and real estate, and private debt-in a single investment, was launched on October 1, 2020, achieving this AUM milestone within 18 months. Conversus acts as adviser to CPRIM and is a wholly owned business of StepStone Group, which acts as sub-adviser. CPRIM has generated net asset growth per share of over 70.5% through March 31, 2022, with NAV increases in 16 of its 18 months since inception. These gains were driven primarily by realizations and strong performance in the fund's portfolio of over 750 companies that are broadly diversified on all key metrics. CPRIM continues to expand its portfolio each month with new private equity and real asset investments sourced by StepStone's global platform of over 750 professionals with offices in 23 cities across 14 countries. Conversus also announced two key new hires within its global distribution team to support the growth-Brett Schlemovitz as Managing Director of Private Wealth Solutions and Celine El Debs as Managing Director of Europe, Middle East and Asia. Schlemovitz joins Conversus from CNL Financial Group where he oversaw the firm's Private Equity platform and was Chief Operating Officer of Strategic Capital. He is based in New York. El Debs joins Conversus from Quintet Private Bank where she led the offering and distribution of alternative investments, including private markets. She is based in Zurich, Switzerland.
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INFA | Hot Stocks08:32 EDT Informatica announces expanded partnership with Snowflake - Informatica announced an expanded partnership with Snowflake, the Data Cloud Company. The companies plan to deepen integration between the Data Cloud and Informatica's Intelligent Data Management Cloud, or IDMC, to help accelerate customers' move to the cloud with extended data management and data governance capabilities. The partnership will provide integrations to Snowflake's native governance features via Informatica's Cloud Data Governance and Catalog service. Key benefits for customers include providing a single "pane of glass" view into data governance, streamlined access controls, and end-to-end lineage across the enterprise.
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DNAY | Hot Stocks08:30 EDT Codex DNA completes proof-of-concept demonstrations for DNA data storage - Codex DNA announced the completion of proof-of-concept demonstrations showing that its technology can be used effectively for encoding digital data in DNA sequences, and that the information that was stored could be retrieved accurately afterward. This validation is an important step in the company's efforts to develop next-generation tools and applications for DNA data storage. DNA can be used to store digital data by converting the binary code of 0s and 1s in data files into the A, C, G, and T building blocks of nucleic acids. The storage capacity of a DNA molecule is significantly higher than that of standard data storage technology, with the potential for encoding more than 200 petabytes of data per gram of DNA. It also lasts longer; DNA has been shown to remain intact for more than 1 million years. As a result, this method of storing and retrieving digital data using DNA can revolutionize the way data is stored. In this study, Codex DNA researchers used the company's proprietary software algorithm to encode data files into DNA sequence, optimized the synthesis of that DNA sequence, and then successfully demonstrated the retrieval and decoding of the DNA data with sequencing, completing the end-to-end workflow. The team used this approach for an audio file - a brief snippet from "Hey Jude" by The Beatles - and an image file of the company logo. The work leverages a Codex DNA patent for encoding data into nucleic acids. Separately, with these same algorithms and approach, Codex DNA researchers used the BioXp 3250 system to both store and retrieve an image file representing the Codex DNA logo. The company logo was divided into 18 DNA sequences that were individually synthesized and error-corrected on the BioXp system. The DNA data fragments were further processed on the same BioXp system to generate DNA sequencer-ready materials. Once sequenced, the file was found to match the original data file exactly, thus demonstrating for the first time an end-to-end automated solution for DNA data storage and retrieval. The Codex DNA R&D team continues to enhance its DNA data storage capabilities within the BioXp system workflows, including the unique algorithm to ensure that data is encoded only in the most stable and easily sequenced regions of DNA and the Gibson Assembly method for file indexing and compression. In addition, the company is applying its recently announced SOLA enzymatic DNA synthesis reagent solution to write DNA rapidly, efficiently, and with high accuracy for data storage applications.
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CMPX ALXN | Hot Stocks08:27 EDT Compass Therapeutics appoints Ellen Chiniara, Mary Ann Gray to board - Compass Therapeutics (CMPX) is pleased to announce the appointment of two new directors to its board. Joining the board of directors are Ellen Chiniara, JD, former Chief Legal Officer of Alexion (ALXN) Pharmaceuticals, and Mary Ann Gray, PhD, President of Gray Strategic Advisors
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DOX VOD | Hot Stocks08:27 EDT Amdocs selected by Vodafone to further modernize inventory portfolio - Amdocs (DOX) announced that it has been selected by Vodafone (VOD) to further harmonize and modernize its inventory portfolio in Germany, Romania, Czech Republic and Albania, for its mobile, fixed and cable offerings. This is the first time Amdocs has signed an agreement with Vodafone Albania. "Advanced inventory capabilities will provide Vodafone a powerful data foundation as it continues to automate its network and service operations for a network spanning multiple countries and new network technologies such as 5G," the company said. Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs, said: "Service providers worldwide are embarking on an accelerated journey to transform their businesses. Vodafone is a world leader in our industry, and we are proud to have been chosen to support its vision for the cross-regional harmonization of its inventory systems, and we look forward to continue working closely together."
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GE | Hot Stocks08:26 EDT General Electric sees 'some level' of challenges throughout 2022, CFO says
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CLAQ | Hot Stocks08:25 EDT Nauticus Robotics to launch Nauticus Fleet - Nauticus Robotics announced the initial production run of Nauticus Fleet, a robotic navy of 20 Hydronaut - Aquanaut pairs. These tandem pairs will be deployed in multiple offshore industries serving applications ranging from subsea maintenance and intervention to data collection activities. These first sets of robots will be delivered in Q4 2022, with the remainder being fulfilled by the end of 2024. "Nauticus Fleet represents the most promising operational and technological step changes in this industry," said Nicolaus Radford, CEO of Nauticus. "We are on a mission to create a future where more autonomous and intelligent robots are used to significantly reduce environmental impact and human exposure to hazards, while at the same time improving the bottom line for our clients." On December 16, 2021, Nauticus and CleanTech Acquisition, a special purpose acquisition corporation, entered into a definitive business combination agreement that would result in Nauticus becoming a public company.
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MFON | Hot Stocks08:25 EDT California Fish Grill picks Mobivity's SmartMessage for diner communication - Mobivity Holdings announced that California Fish Grill has selected Mobivity's SmartMessage to launch its Fin Crowd Text Club to communicate with guests who opt in to receive text messages across all locations and further enhance its reputation of providing high-quality sustainably sourced seafood.
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GE | Hot Stocks08:25 EDT GE sees supply chain, inflation pressure in Healthcare persisting through 2022
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OSK | Hot Stocks08:25 EDT Oshkosh announces partnership with, investment in Robotic Research - Oshkosh and Robotic Research announced a strategic partnership and an Oshkosh Corporation investment in Robotic Research to accelerate its innovation and autonomy offerings. The companies began working together in 2017 on autonomy programs for the U.S. Department of Defense- Oshkosh is now expanding their relationship with Robotic Research, whose robotics and autonomous driving technologies align with Oshkosh products and use cases.
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GE | Hot Stocks08:24 EDT General Electric 'on track' to reach over $7B of free cash flow in 2023
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DATS | Hot Stocks08:24 EDT DatChat announces strategic alliance with HoK for metaverse integration - DatChat announced that it has entered into a strategic alliance with House of Kibba, HoK, to integrate its NFT monetization platform into HoK's Project Origin metaverse. HoK is the flagship studio of Looking Glass Labs. The Alliance establishes a working relationship between DatChat's VenV platform and HoK's Project Origin metaverse. The primary objective of the Alliance is to integrate the VenV NFT monetization platform into HoK's hyper realistic digital environment. Additionally, both entities are expected to mutually benefit from the cross-promotion of each other's platforms and products. "The Alliance enables us to market and perform certain complimentary business activities together and seamlessly integrate the VenV NFT monetization platform into Project Origin. I expect this to strengthen DatChat's VenV presence as a leading NFT monetization platform while allowing HoK to leverage VenV to create further asset opportunities for content creators," said DatChat's CEO, Darin Myman.
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FRSH SHOP | Hot Stocks08:24 EDT Freshworks CRM for e-commerce available in Shopify App Store - Freshworks announced Freshworks CRM for e-commerce is now available in the Shopify App Store. The solution integrates directly with Shopify to provide its millions of merchants with a unified CRM that enables live conversational support, marketing and sales where and when consumers want to buy online. Freshworks CRM for Shopify is a unified marketing, support, and sales solution purpose-built for Shopify storefront owners. Merchants can create more engaging customer experiences by segmenting and marketing to their customers based on custom Shopify events like cart abandonment and first-time visitors; and by automating and personalizing messages across email, live-chat, WhatsApp, and SMS using pre-built Shopify Playbooks.
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ICAD | Hot Stocks08:22 EDT iCAD announces commercial momentum for ProFound AI - iCAD announced significant commercial momentum for ProFound AI, driving attachment to the leading provider of 3D mammography, or digital breast tomosynthesis, DBT, systems. "Our customers who have adopted the leading 3D mammography systems have recognized that they cannot fully access the power of that technology without ProFound AI," said Stacey Stevens, President and CEO of iCAD, Inc. "With about two times the improvement in clinical performance compared to leading competitors,i ProFound AI offers unrivaled accuracy, as well as multi-vendor compatibility and unique workflow advantages. Our high-performance breast AI solutions empower clinicians, administrators and IT specialists to provide excellent, cost-effective patient care, and the powerful testimonials from our growing installed base of customers speak to the advantages this leading-edge technology offers when paired with DBT."
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DZSI | Hot Stocks08:22 EDT DZS announces ongoing partnership with Northeast Nebraska Telephone Company - DZS announced its ongoing partnership with Northeast Nebraska Telephone Company to upgrade its entire first-generation, fiber-to-the-home triple play network with a world-class, next generation gigabit services network featuring both Active Ethernet and GPON technologies. The DZS Velocity portfolio of Broadband Connectivity systems was selected to deliver both Active Ethernet and GPON technologies and prepare NNTC's network, which serves 30 communities across 24 counties in rural northeast Nebraska, for a hyper-connected, multi-gigabit future.
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BBAI | Hot Stocks08:22 EDT BigBear.ai appoints Carolyn Blankenship as General Counsel - BigBear.ai announced that it has appointed Carolyn Blankenship as General Counsel. In this role, Blankenship will develop and lead corporate legal strategy supporting BigBear.ai's growth initiatives as a publicly-traded company. She will play a crucial role in guiding and protecting trusted AI and data ethics principles, intellectual property , mergers and acquisitions, and public company compliance.
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AMED | Hot Stocks08:21 EDT Amedisys promotes Muscato as Chief Strategy Officer - Amedisys announces the promotion of Nick Muscato to Chief Strategy Officer, effective immediately. Muscato was previously Senior Vice President of Finance for the company.
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CLRB | Hot Stocks08:21 EDT Cellectar Biosciences says DMC recommends continuation of WM trial as planned - Cellectar Biosciences announced an independent Data Monitoring Committee has completed its planned futility/efficacy assessment of the company's pivotal Phase 2b study of iopofosine in Waldenstrom's macroglobulinemia and unanimously recommended continuation of the trial as planned. The pivotal trial is a global, non-comparator, single-arm, open-label expansion cohort of the currently ongoing Phase 2 CLOVER-1 study of CLR 131. The study will enroll 50 WM patients. Patients in the trial will receive up to four doses of iopofosine over two cycles. The primary endpoint of the trial is major response rate as defined as a partial response or better in patients that receive a minimum total body dose of 60 mCi with secondary endpoints of treatment free survival, duration of response and progression free survival. The DMC is an independent committee of clinical research experts who review data in ongoing clinical trials. The DMC assessment was based on a pre-specified futility analysis within the first 10 patients as defined in the study protocol.
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SIX | Hot Stocks08:21 EDT Six Flags postpones Q1 earnings release until May 12 - Six Flags announced that it will postpone the release of its first quarter 2022 financial results previously scheduled for Monday, May 2 to before the market opens on Thursday, May 12. The change is due to unanticipated delays in completing the quarter-end closing process as a result of the implementation of a new enterprise resource planning system in the beginning of FY22.
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BLNK | Hot Stocks08:19 EDT Blink Charging acquires Electric Blue for up to $23.4M - Blink Charging announced that its wholly-owned European subsidiary, Blink Holdings BV, has acquired Electric Blue, a provider of integrated EV charging and sustainable energy solutions based in the United Kingdom. This acquisition marks Blink's first entry into the UK and adds more than 1,150 chargers, installed or committed for delivery, to its footprint, accelerating Blink's global expansion, now present in more than 18 countries. The purchase price of this acquisition is up to approximately $23.4M, in a combination of cash, stock and earn out. Since 2015, EB Charging has grown rapidly, servicing over 80 customers, principally local authorities, NHS healthcare trusts, universities and fleets. EB Charging's diverse suite of Level 2 and DC fast products have been installed in over 40 municipalities across the UK. Like Blink, EB Charging offers an owner-operator model, providing customers and partners with flexible, personalized and strategic business opportunities to achieve customer goals whether they want to own, partner with, or host their charging infrastructure.
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ATHA | Hot Stocks08:19 EDT Athira Pharma files presentation on upcoming Annual Meeting of Shareholders - Athira Pharma announced that it has filed a new investor presentation with the Securities and Exchange Commission in connection with its upcoming Annual Meeting of Shareholders. Highlights of the presentation include: "Athira is successfully executing its strategic priorities and is well positioned as it enters its next pivotal chapter... Athira has a strong management team led by CEO Mark Litton, Ph.D., M.B.A.... Athira has the right board to oversee the company and a proven record of board development... Kayne's campaign is misguided and not in the best interests of all shareholders Kayne has rebuffed multiple attempts by Athira's board to constructively engage, and instead has advanced a costly, unnecessary proxy contest. Kayne has pushed an agenda to appoint himself to the board, terminate Dr. Litton as CEO and have Athira resume a relationship with the company's former CEO, Leen Kawas, PhD. Kayne has not publicly articulated any business strategy that differs from Athira's existing strategy," the company said.
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AGRX | Hot Stocks08:18 EDT Agile Therapeutics announces 1-for-40 reverse stock split - Agile Therapeutics announced that the Board approved a 1-for-40 reverse stock split, to be effective 5:00 p.m. on Tuesday, April 26, 2022. The Company's common stock will open for trading on the Nasdaq Market on Wednesday, April 27, 2022 on a split-adjusted basis under the current trading symbol "AGRX." The reverse stock split was approved by Agile's stockholders on April 21, 2022 and is intended to increase the per share trading price of the Company's common stock to enable the Company to satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The 1-for-40 reverse stock split will automatically convert 40 current shares of Agile's common stock into one new share of common stock. No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise hold a fractional share of Agile's common stock will receive a cash payment in lieu thereof at a price equal to that fraction to which the stockholder would otherwise be entitled multiplied by the closing price of Agile's common stock on the Nasdaq Capital Market on Tuesday, April 26, 2022. The reverse split will reduce the number of shares of outstanding common stock from approximately 146,741,862 shares to approximately 3,668,546 shares. Proportional adjustments also will be made to the exercise prices of Agile's outstanding stock options and warrants, and to the number of shares issued and issuable under Agile's stock incentive plan. Broadridge Corporate Issuer Solutions will act as the exchange agent for the reverse stock split. Stockholders holding their shares electronically in book-entry form are not required to take any action to receive post-split shares. Stockholders owning shares through a bank, broker or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to brokers' particular processes, and will not be required to take any action in connection with the reverse stock split. For those stockholders holding physical stock certificates, Broadridge will send instructions for exchanging those certificates for shares held electronically in book-entry form or for new certificates, in either case representing the post-split number of shares. In connection with the reverse stock split, the Company's CUSIP number will change to 00847L209 as of 5:00 pm on Tuesday, April 26, 2022.
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OPTN | Hot Stocks08:18 EDT Optinose appoints R. John Fletcher to board of directors - Optinose announced that it has appointed R. John Fletcher to its Board of Directors as a Class III director. John founded Fletcher Spaght Inc. in 1983. He remains active with Fletcher Spaght, advising both the consulting practice and venture capital activities, with analytical insights and creative solutions derived from his years of experience with clients, portfolio companies and the investment community.
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GSK AMRC | Hot Stocks08:16 EDT GlaxoSmithKline, Ameresco announce completion of solar panel project - GlaxoSmithKline (GSK) and Ameresco (AMRC) announced the completion of a solar panel project to serve GSK Consumer Healthcare's Oak Hill, New York site. The project enables GSK Consumer Healthcare to reduce its carbon emissions.
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VBLT | Hot Stocks08:16 EDT VBL Therapeutics receives FDA Fast Track designation for ofra-vec - VBL Therapeutics announced that the U.S. Food and Drug Administration, FDA, has granted Fast Track designation for ofra-vec in combination with paclitaxel for the treatment of platinum-resistant ovarian cancer. "We are pleased to receive FDA Fast Track designation for ofra-vec in platinum-resistant ovarian cancer. The Fast Track designation can facilitate the process towards potential registration and, importantly, may help expedite the time to market for ofra-vec, if approved," said Prof. Dror Harats, M.D., chief executive officer of VBL Therapeutics. "The readout of the progression free survival primary endpoint in the OVAL trial will be an important milestone for VBL in the second half of this year. We believe that, if positive, this will support a Biologics License Application submission to the FDA."
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AMTX | Hot Stocks08:15 EDT Aemetis signs agreement with JetBlue to supply 125M gallons of SAF - Aemetis (AMTX) announced that an offtake agreement has been signed with JetBlue (JBLU) for 125M gallons of blended sustainable aviation fuel, SAF, to be delivered over the 10 year term of the agreement. The value of the contract including incentives is approximately $530M. The sustainable aviation fuel is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125-acre former U.S. Army Ammunition production plant site in Riverbank, California. The blended sustainable aviation fuel is scheduled to begin deliveries to JetBlue in 2025. "The adoption of sustainable aviation fuel to reduce the environmental impact of aviation is a significant megatrend led by JetBlue and other airlines," stated Eric McAfee, Chairman and CEO of Aemetis. "Our production of SAF in California is due to the commitment by CARB to the success of the California Low Carbon Fuel Standard, creating new investment and jobs in disadvantaged minority communities in the state while improving the environment worldwide."
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ABMD | Hot Stocks08:15 EDT Abiomed announces first patient implanted with Impella BTR - Abiomed announced the first patient in the world has been successfully implanted with Impella Bridge-to-Recovery, or BTR, as part of the heart pump's FDA Early Feasibility Study, or EFS. The first implant was done at Northwestern Medicine Bluhm Cardiovascular Institute.
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LINC F | Hot Stocks08:14 EDT Lincoln Educational enters agreement with Ford for automotive training - Lincoln Educational Services Corporation (LINC) has entered into an agreement with Ford Motor Company (F) to provide specialized manufacturer-specific Automotive Training at its Indianapolis, Indiana campus. The four-week post-graduate training program will prepare eligible technicians for careers providing mobile repair and maintenance services on Ford cars, trucks, and SUVs. The program will be open to Automotive Technology graduates from all Lincoln Tech campuses. Tuition will be paid by Ford Motor Company, who will also help coordinate employment opportunities for successful graduates at Ford dealerships. More than 200 Ford dealerships around the country currently offer mobile services to their customers, meaning many graduates may be able to explore opportunities close to home. According to Ford, the goal is to triple its available workforce of mobile technicians by the end of 2022.
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PHAT MYOV | Hot Stocks08:14 EDT Phathom Pharmaceuticals appoints Karbe to board of directors - Phathom Pharmaceuticals (PHAT) announced the appointment of Frank Karbe to its Board of Directors. Karbe, who most recently served as President and Chief Financial Officer of Myovant Sciences (MYOV) brings over twenty-five years of financial and life-sciences expertise to Phathom.
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AUID | Hot Stocks08:12 EDT Ipsidy announces CFO Stoller to retire, Pham to succeed - authID.ai announced that Annie Pham will be appointed as Chief Financial Officer, CFO, in June, following the planned retirement of Stuart Stoller, who has served as authID's CFO since 2017. To help ensure a smooth transition, Pham will work closely with Stoller, who will continue with the Company in an advisory capacity.
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ETNB | Hot Stocks08:12 EDT 89bio to host KOL webinar on severe hypertriglyceridemia - 89bio announced that it will host a key opinion leader webinar on severe hypertriglyceridemia on Wednesday, May 4, 2022 at 11:00 a.m. PT/ 2:00 p.m. ET. The webinar will feature presentations from KOLs Harold Bays, MD, President, Louisville Metabolic and Atherosclerosis Research Center, Inc., and Deepak L. Bhatt, MD, MPH, Brigham and Women's Health and Harvard Medical School. Dr. Bays will discuss the current disease state, treatment landscape, and unmet medical need for patients with severe hypertriglyceridemia. Dr. Bhatt will then discuss 89bio's ENTRIGUE Phase 2 clinical trial of pegozafermin in SHTG patients, prior data, the therapeutic rationale for developing pegozafermin in this setting, its unique mechanism of action and the potential to offer a compelling treatment option. Following Dr. Bays' and Dr. Bhatt's presentations, the 89bio leadership team will discuss the clinical/regulatory development path, and potential market opportunity for pegozafermin in SHTG.
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IS | Hot Stocks08:11 EDT ironSource continues mediation partnership with Tilting Point - ironSource announced the continuation of its mediation partnership with Tilting Point. The leading free-to-play games publisher signed a three-year deal to utilize LevelPlay and its suite of products to maximize revenue, and optimize their monetization strategy with minimum overhead. Tilting Point is using LevelPlay for over 95 percent of its app titles that support ads, including both third-party titles, such as Adventure Escape Mysteries and Homesteads, and owned and operated titles like Star Trek Timelines and SpongeBob: Krusty Cook-Off. The continued partnership follows a year where ironSource LevelPlay was critical in ensuring that Tilting Point's games were able to continue scaling in the post-IDFA era. ironSource has been a critical asset to Tilting Point as far as providing revenue solutions to our game developers," said Samir Agili, Co-CEO & President at Tilting Point. "The continuation of this partnership is a testament to ironSource's outstanding and reliable tech service, and should signal to other partners that we will prioritize the best tools available to raise their game."
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ECOR | Hot Stocks08:11 EDT electroCore completes sale of New Jersey tax benefits - electroCore announced that it has completed the sale of its available tax benefits through the New Jersey Economic Development Authority's Technology Business Tax Certificate Transfer program for fiscal year 2021. As a result, the Company has received approximately $445,000 in non-dilutive cash from the sale of these net operating loss, NOL, tax benefits. "We are pleased to have received $445,000 from the New Jersey NOL program," commented Brian Posner, Chief Financial Officer of electroCore. "This is the third consecutive year that we have benefited from this program which provides us non-dilutive funding that will be beneficial to us as we continue to invest in our sales channels and marketing initiatives to expand consumer awareness of gammaCore."
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BIGC | Hot Stocks08:08 EDT BigCommerce acquires BundleB2B, terms undisclosed - BigCommerce announced the acquisition of BundleB2B, a longtime BigCommerce technology partner that provides next-level B2B functionality for BigCommerce merchants.
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UAL | Hot Stocks08:08 EDT United Airlines kicks off largest transatlantic expansion in company's history - United has kicked off the launch of its largest transatlantic expansion in its history, in anticipation of a strong recovery in European summer travel. In total, United will launch or resume 30 Transatlantic flights from mid-April through early June. This includes adding new nonstop flights to five distinctive leisure destinations no other North American airline serves including Amman, Jordan; Bergen, Norway; Azores, Portugal; Palma de Mallorca, Spain and Tenerife in the Spanish Canary Islands. The airline is also launching five new nonstop flights to some of Europe's most popular business and tourist hubs including London, Milan, Zurich, Munich and Nice. United is also resuming fourteen Atlantic routes the airline has historically served and adding frequencies in six others. United's transatlantic route network will be more than 25% larger than it was in 2019. With this expansion, United will serve more transatlantic destinations than every other U.S. carrier combined and will be the largest airline across the Atlantic for the first time in history.
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GE | Hot Stocks08:07 EDT GE expects renewable energy to return to being profitable growth business
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LSF | Hot Stocks08:06 EDT Laird Superfood launches Bright Cups pods - Laird Superfood announced the launch of Bright Cups, a commercially compostable single-serve coffee pod made with plant-based materials. Using its Focus Mushroom Coffee blended with functional mushroom extracts and botanical adaptogens, this is the first single-serve pod from Laird Superfood.
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JZXN | Hot Stocks08:05 EDT Jiuzi Holdings announces agreement for 72.05% equity of Huizhou Jiwo - Jiuzi Holdings announced that, on April 11 the Company, through its subsidiary Hangzhou Jiuyao New Energy Automobile Technology, has entered into an equity acquisition agreement to acquire 72.05% equity interest in an automobile sales service shop operator, Huizhou Jiwo Automobile sales service from Guangdong Huarui Automobile Sales Service, a subsidiary of a top China automaker Geely Auto Group, which produces the premium electric vehicle brand "Geometry." Geometry is Geely Auto Group's independent pure electric vehicle, or EV, sub-brand that focuses on the manufacture of sedans and SUVs. Launched in 2019, Geometry unveiled its latest SUV model EX3 in September 2021. This model is powered by liquid-cooled battery and can sustain a range of 322 km. Pursuant to the Agreement, Hangzhou Jiuyao will acquire 72.05% equity interest in the Target and will make an investment into the Target's registered capital upon completion of the transaction under the requirement of China's commercial policies. The Target is the sole authorized dealer for Geometry EVs in Huizhou city, Guangdong province. It is also a repair center for vehicles participating in online hailing services, and provides integrated auto services such as EV sales and after-sale maintenance.
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YOU | Hot Stocks08:05 EDT Clear Secure launches expedited lanes at San Diego International Airport - As airports across the country experience a surge in passengers, Clear announced the launch of its expedited lanes in Terminal 2 at San Diego International Airport. SAN is Clear's eighth airport in California and 43rd nationally. Clear already serves all 10 of the airport's top 10 domestic destinations, and the company's entry into SAN will create approximately 27 new jobs and an overall economic impact of upwards of $2.4M for the region.
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JACK | Hot Stocks08:04 EDT Jack in the Box, Miso Robotics announce partnership - Miso Robotics announced a partnership with Jack in the Box to begin a piloted test that will deploy its Flippy 2 and Sippy core product lines in one of the national restaurant chain's standalone locations, with possible plans for further integration in the months ahead. Built on the Miso Platform, both products leverage artificial intelligence, machine learning, computer vision and data analytics to maximize efficiency in the commercial kitchen. Through the installation of Flippy 2 and Sippy, Jack in the Box will test the integration of both products into its operations and measure the benefits of a connected kitchen. With the goal of team members seeing an immediate impact on their day-to-day responsibilities - spending less time at the fryer and drink stations and more time in front of customers.
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GE | Hot Stocks08:03 EDT General Electric CEO: Macro environment 'challenging'
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HALO ATRS | Hot Stocks08:03 EDT Halozyme announces tender offer to acquire outstanding shares of Antares Pharma - Halozyme Therapeutics (HALO) announced that it is commencing, through a wholly owned subsidiary, Atlas Merger Sub, a cash tender offer to purchase all outstanding shares of common stock of Antares Pharma (ATRS) for $5.60 per share in cash. The offer is being made pursuant to the previously announced Agreement and Plan of Merger, dated as of April 12, by and among Halozyme, Purchaser and Antares. The tender offer is scheduled to expire at one minute past 11:59 p.m. Eastern Time, on May, unless extended in accordance with the terms of the Merger Agreement. The closing of the tender offer is subject to certain conditions, including the tender of shares representing at least a majority of the total number of Antares' outstanding shares of common stock, the expiration or termination of the HSR waiting period, and other customary conditions. The transaction is expected to close in the first half of 2022, as previously announced.
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GE | Hot Stocks08:02 EDT General Electric operations in Russia have been suspended, CEO says
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AZRE | Hot Stocks08:00 EDT Azure Power announces resignation of CEO Ranjit Gupta and COO Murali Subramanian - Azure Power Global announced that its Board of Directors have accepted the resignations of Ranjit Gupta, CEO, and Murali Subramanian, COO. Both will relinquish their roles with the Company and its subsidiaries, and Gupta will resign from the Board of Directors with immediate effect in order to pursue other opportunities. Alan Rosling, Chairman of the Board of Azure, will oversee the Company in the interim. The Board has already embarked on a search process to select a new CEO who will lead the Company into its next phase of growth and the announcement of the appointment will be made as early as possible.
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FRSH | Hot Stocks07:56 EDT Freshworks launches Freshworks CRM for e-commerce - Freshworks launched Freshworks CRM for e-commerce, a customer relationship management solution with a unified customer record across conversational marketing, sales and customer support. Built for direct-to-consumer brands and digital retailers, the CRM solution empowers employees to engage their buyers directly through modern messaging channels, providing them with more personalized and delightful experiences. Freshworks CRM for e-commerce is now available directly from Freshworks and also on the Shopify App Store.
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SCHW | Hot Stocks07:55 EDT Charles Schwab CEO buys $2.55M in common stock - In a regulatory filing last night, Charles Schwab disclosed that its CEO Walter Bettinger bought 36.6K shares of common stock on April 25th in a total transaction size of $2.55M.
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PEP | Hot Stocks07:54 EDT PepsiCo: North American convenient foods, beverage business 'resilient' - PepsiCo expects its North American convenient foods and beverage businesses to remain resilient with some variability within channel mix dynamics as consumers adapt to ongoing inflationary pressures. Expects most International markets to perform well despite greater geopolitical and economic volatility and uncertainty, currency devaluations and COVID-related disruptions in certain regions.
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PEP | Hot Stocks07:53 EDT PepsiCo 'focused on controlling what we can' - In prepared remarks released in conjunction with its Q1 earnings report, PepsiCo said it is focused on "controlling what we can," including actively monitoring mobility, channel mix and demand elasticity trends, continuously refreshing its lineup of global brands, and tightly managing discretionary expenses. The company said it suspended the majority of its operations in Ukraine and is continuing to provide aid on the ground to assist Ukrainian refugees in neighboring countries.
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VET | Hot Stocks07:47 EDT Vermilion announces ISS, Glass Lewis recommend shareholders vote for resolutions - Vermilion Energy announced that independent proxy advisory firms, Institutional Shareholder Services, or ISS, and Glass Lewis & Co. have each recommended Vermilion shareholders vote for all the proposed resolutions at the upcoming annual general meeting of shareholders to be held on May 11.
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EFX | Hot Stocks07:47 EDT Equifax and Interos announce partnership - Equifax and Interos, the supply chain risk management and operational resilience technology company, announced a partnership to offer businesses comprehensive supplier risk assessments in a time where planning for risk and disruption is the default rather than the exception. Together, Equifax and Interos provide companies a 360-degree view of business partners and suppliers to map, monitor and model supply chains in real time, leveraging data-driven technology to help customers make better and faster business decisions. The combination of Equifax's commercial credit and identity verification data on 32M private companies, with Interos' deep domain knowledge of supply chains, is designed to lower friction in business-to-business transactions and help manage potential supply chain disruptions.
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EBIX | Hot Stocks07:41 EDT Ebix Europe launches ExposureHub platform - Ebix Europe has launched its new platform - ExposureHub, a technology milestone for re/insurance exposure management. The company said, "Developed by in-house exposure management specialists at Ebix, ExposureHub is a versatile and geospatially rich platform powered by state-of-the-art technology and methodologies; providing fast and accurate results and insights that support data-driven risk management decisions while ensuring profitable underwriting. Offering exceptional processing speeds even with huge data volumes, along with interactive global map displays, the platform is module-based and fully configurable, implying that each client and each user gets to use a tool that works best for them. The thoughtful platform layout draws the user into their exposure data - making insights, opportunities and outliers all the easier to identify and act upon."
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NETI | Hot Stocks07:41 EDT Eneti announces contract awards for Seajacks - Eneti announced that Seajacks UK Limited, a wholly-owned subsidiary of the Company, has signed a new contract with a UK-based utility for one of its NG2500X-class vessels to support offshore wind farm substation commissioning in the UK sector of the North Sea for a period of 90-120 days in each of 2023, 2024, and 2025. In aggregate, over the three years, this contract is expected to generate up to $20.5M of revenue. In addition, the Company also announces that Seajacks UK Limited signed a contract with a UK-based energy company for one of its NG2500X-class vessels to support offshore facility maintenance in the UK sector of the North Sea. The contract, which has a duration of between 14 and 21 days, will generate approximately $800,000 to $1.2 million of revenue in the second quarter of 2022.
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PVCT | Hot Stocks07:40 EDT Provectus announces USPTO allowed US patent application for use of PV-10 - Provectus announced that the United States Patent and Trademark Office, USPTO, has allowed US patent application 16/688,319, "Composition and Method for Treating Hematologic Cancers," covering the use of PV-10, a formulation of Provectus' immunogenic-small molecule and pharmaceutical-grade rose bengal sodium, RBS, for the treatment of hematologic diseases. In vivo data of mice with acute lymphoblastic leukemia receiving oral PV-10 showed increased survival compared to controls. This allowed patent application will be the first Provectus patent award in hematology from the USPTO. Innovate Calgary, the innovation company of the University of Calgary, is a co-assignee and Aru Narendran, MD, PhD of the University of Calgary's Cumming School of Medicine is a co-inventor on the allowed patent application.
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NEPH | Hot Stocks07:40 EDT Nephros unveils new branding, website - Nephros announced the launch of a rebrand and new website. These changes reflect the company's purpose, mission, vision, and values, and represent a strategic shift to offer an integrated approach to water safety. This enhanced positioning supports an expanded focus on filtration solutions, water testing technology, and the further development of comprehensive support services and educational resources for Nephros customers. The rebrand is inclusive of new messaging, logo, collateral, and website. Collectively, these elements clearly articulate the Nephros story, demonstrating the defined purpose of improving the human relationship with water, and mission to provide leading, accessible technology and resources for advancing water quality. As described on the new site, "Better water for life is the ultimate vision driving Nephros and the work that we do. We seek to improve the relationship between people and water, that mutual reliance between life and resource, which is so fundamental to each of us, and so deeply affected by availability and safety."
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TRP NKLA | Hot Stocks07:38 EDT TC Energy evaluating plan for Crossfield, Alberta hydrogen production hub - TC Energy Corporation (TRP) together with partner Nikola Corporation (NKLA), is evaluating its plan for a hydrogen production hub on 140 acres in Crossfield, Alberta, where the Company operates a natural gas storage facility. The plan will be highlighted during the first-ever Canadian Hydrogen Convention in Edmonton, Alberta. TC Energy expects a final investment decision by the end of 2023; the project will be subject to customary regulatory approvals Nikola will be the hub's anchor customer for its long-haul fuel cell electric vehicles. The southern portion of Alberta is a key transportation corridor for long-haul trucks. TC Energy and Nikola previously announced a joint development agreement with the aim to locate and build hydrogen production hubs in North America. The proposed hub would produce an estimated 60 tonnes of hydrogen per day, with the capacity to increase to 150 tonnes per day in the future. To produce hydrogen, natural gas is reacted in a chemical plant to separate hydrogen and carbon dioxide. The CO2 generated during this process is then captured and sequestered, lowering the emissions to meet clean-energy standards. TC Energy's Crossfield Gas Storage facility, 50 km north of Calgary, holds 68 billion cubic feet of natural gas.
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QIPT | Hot Stocks07:38 EDT Quipt Home Medical announces national insurance contract with health insurer - Quipt Home Medical announces the execution of a national insurance contract with a top five health insurer in the United States. "The execution of this national insurance contract with the largest commercial payer in the United States is a major milestone for Quipt and serves as a further accelerant to our ambitious long term growth plans. The national contract is expected to be meaningful as we continue to expand into new states, broadening our operating footprint over a much wider geography. When we make an acquisition, we will be able to immediately leverage the national contract, which is extremely powerful in terms of capturing as many eligible patients as possible," said Greg Crawford, Chairman and CEO of Quipt. "Moreover, we feel there's still a lot of opportunity for us to go after more national contracts, which would provide the opportunity to add additional payers, and we will continue to work with other large commercial payers to help them better understand our strong patient centric model and the benefits to patients and payors alike. The new national insurance contract, extremely favorable demographics, and our robust operating platform, put us in an industry leading position to provide high touch at home clinical respiratory services throughout the country."
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ISPC | Hot Stocks07:37 EDT iSpecimen unveils iSpecimen Marketplace platform - iSpecimen unveiled its iSpecimen Marketplace platform. "The new software includes improved search and supplier data integration capabilities that have been designed to efficiently connect scientists with well-matched samples for their research, as well as help to increase supplier inventory utilization," the company said. "For researchers around the world, obtaining quality specimens in a timely manner has never been an easy feat, and simplification starts with the search function," said Dr. Christopher Ianelli, M.D., Ph.D., iSpecimen Founder and CEO. "Since the Company's inception, demand for our iSpecimen Marketplace continues to grow. As such, we have worked vigorously to continue innovating our search function to streamline access to biospecimens, patients and data that are critical to advancing medical research and delivering results that align with precise banked specimen requirements. We look forward to continuing to make strategic, large-scale investments in the iSpecimen Marketplace that will optimize search results and assist researchers in need of specimens for critical research across the world. This is just the first in a series of developments that will help take biospecimen matchmaking and procurement to new heights."
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LECO CVX | Hot Stocks07:36 EDT Lincoln Electric collaborates with Chevron for refinery maintenance - Lincoln Electric Holdings (LECO) utilized its proprietary large-scale, metal 3D printing solution to deliver just-in-time parts to Chevron USA (CVX) to help bring a refinery back online according to schedule. During a recent routine maintenance shutdown, extended lead times and supply chain delays on traditionally manufactured parts challenged Chevron's planned restart schedule. Chevron's Additive Engineering team worked with Lincoln Electric to get back on schedule using additive manufacturing to print critical replacement parts that would meet production and quality standards. The two teams worked together, along with industry experts from Stress Engineering Services, Inc., to print eight nickel alloy replacement parts that averaged approximately 3 ft. in length and over 500 lbs. each in a total of just 30 days.
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NEXI | Hot Stocks07:36 EDT Neximmune announces preclinical research collaboration with CUIMC's HICCC - NexImmune announced a preclinical research collaboration with Columbia University Irving Medical Center's, CUIMC, Herbert Irving Comprehensive Cancer Center, HICCC. The research will focus on the use of NexImmune's adoptive cell therapy, AIM ACT, in Columbia's patient-derived organoid, PDO, models of HPV-associated cancers, including head and neck squamous cell carcinoma. "HPV-associated cancers remain an area with a large unmet medical need," said Dr. Jerry Zeldis, Executive Vice President, R&D of NexImmune. "Our collaboration with Columbia University Irving Medical Center will continue to help us develop new therapies for those patients that are not adequately treated and cured with existing standard of care."
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NTRA | Hot Stocks07:35 EDT Natera announces results from RenaCARE study - Natera announced the RenaCARE, or Renasight Clinical Application, Review and Evaluation, study - a real world, prospective, multi-center clinical study to assess the clinical utility of the Renasight genetic testing panel. The study has already enrolled 1,600 patients across 25 sites, representing leading academic and private nephrology clinics in the U.S., and will enroll up to 2,000 patients. It is expected to complete enrollment in the second quarter of 2022 with a publication expected to be submitted in late 2022. The study aims to demonstrate how genetic findings impact the management of patient care and examines diagnostic outcomes of patients tested with the Renasight genetic testing panel. In addition, the study will assess patient satisfaction, health knowledge and genetic literacy. This study follows a 2019 publication1 in The New England Journal of Medicine, or NEJM, showing that 89% of patients who tested positive with a multi-gene genetic test had actionable clinical implications. "Chronic kidney disease affects more than 10% of the global population, and our 2019 NEJM study showed roughly a 10% genetic yield among CKD patients," said Ali Gharavi, chief of the Division of Nephrology at New York-Presbyterian/Columbia University Irving Medical Center, director of the Center for Precision Medicine and Genomics in the Department of Medicine, interim director of the Institute of Genomic Medicine at Columbia University Vagelos College of Physicians and Surgeons, the study's principal investigator and a close collaborator with Kidney Disease: Improving Global Outcomes foundation and the National Kidney Foundation. "We're optimistic that this study will show that next-generation sequencing multi-gene assays can be used in a real world setting, to inform and guide disease management and help improve patient outcomes."
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AVDL | Hot Stocks07:35 EDT Avadel says 'not aware of any new information' amid recent trading activity - Avadel Pharmaceuticals provided a statement in response to the trading volatility and subsequent brief trading halt of its shares that occurred yesterday. "The company is not aware of any new information, including regarding the ongoing review of the FT218 NDA, that caused yesterday's share price movement and brief trading halt," said Greg Divis, CEO of Avadel Pharmaceuticals. "We are advancing our launch preparations, and look forward to bringing this important treatment to people with narcolepsy."
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ARWR | Hot Stocks07:34 EDT Arrowhead doses patients in Phase 2 GATEWAY study of HoFH treatment - Arrowhead Pharmaceuticals announced that it has dosed the first patients in the Phase 2 GATEWAY clinical study of investigational ARO-ANG3 for the treatment of patients with homozygous familial hypercholesterolemia HoFH. ARO-ANG3 is the company's investigational RNA interference (RNAi) therapeutic designed to silence the hepatic expression of angiopoietin-like protein 3 ANGPTL3) a liver synthesized inhibitor of lipoprotein lipase and endothelial lipase, being developed as a treatment for patients with mixed dyslipidemia. Javier San Martin, M.D., chief medical officer at Arrowhead, said: "HoFH is the most serious and rare form of familial hypercholesterolemia. If untreated, HoFH can cause heart disease beginning in the early teen years. The GATEWAY Phase 2 clinical study will evaluate efficacy and safety in patients with HoFH, so we can assess the potential of ARO-ANG3 to be a new treatment option for patients who still have significant unmet medical need."
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AOGO EOXR | Hot Stocks07:33 EDT Arogo Capital Acquisition, EON Reality enter business combination agreement - Arogo Capital Acquisition announced that it has entered into a definitive business combination agreement with EON Reality, a company in Virtual and Augmented Reality and Knowledge Metaverse industry and education solutions. Upon closing of the transaction, the combined entity, which will retain the name of EON Reality, Inc., will be led by CEO Dan Lejerskar, Founder, Chairman and CEO of the current EON Reality. The companies said, "With over 20-years experience as a solution and thought leader in Virtual and Augmented Reality, EON Reality has grown into a global leader for academic and industry training solutions. EON Reality believes that knowledge is a human right which should be available, accessible, and affordable for every person on the planet! To achieve this goal, EON Reality has developed the de-facto standard for XR education and industry solutions that support devices from mobile phones to head-mounted displays to large-scale screens and even to facilities. As a result of the culmination of years of work with global enterprises and world-class academic institutions, EON Reality's EON-XR serves as the primary product and content delivery vehicle for XR education and industry solutions. Founded around EON Reality's fundamental human right principles that a person should "Learn, Train, Perform," EON-XR contains the backend support and architecture that large organizations need to quickly and efficiently build, deploy, and scale XR applications to supplement their employees' current training and increase productivity efforts." Under the terms of the business combination agreement, EON Reality will combine with a subsidiary of Arogo. and will become a publicly traded entity under the name "EON Reality, Inc." EON Reality will apply to list its common stock under the symbol EOXR and its warrants, if any, under the symbol EOXRW. The transaction implies a proforma company enterprise value of approximately $655M. The transaction is expected to provide EON Reality with approximately $101M in cash proceeds to its balance sheet, assuming no redemptions and before the payment of transactional fees and expenses. The acquisition has been unanimously approved by the board of directors of Arogo. The business combination has also been approved by the board of directors and the majority of shareholders of EON Reality. The transaction is expected to close by the second half of 2022, subject to, among other things, the approval by Arogo stockholders, satisfaction or waiver of the conditions stated in the business combination agreement, and other customary closing conditions, including a registration statement being declared effective by the U.S. Securities and Exchange Commission and approval by Nasdaq to list the securities of the emerged company.
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SCL | Hot Stocks07:32 EDT Stepan Company expects external supply chain issues in FY22 - "Looking forward, we believe that demand across our business will remain strong but the Company will continue to be challenged by external supply chain issues, including raw material availability and transportation constraints that impacted us in 2021 and during the Q1," said Scott Behrens, President and CEO. "From a segment perspective, we believe that Surfactant volumes within the functional product end-markets, inclusive of agricultural and oilfield, will improve versus 2021 driven by a favorable commodity pricing environment. We believe our Polymer business will deliver growth versus the prior year and we continue to believe the long-term prospects for rigid polyols remain attractive as energy conservation efforts and more stringent building codes should increase demand. We anticipate our Specialty Product business results will improve slightly year-over-year. We are cautiously optimistic about the remainder of the year despite the current inflationary environment and ongoing supply chain challenges."
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TZOO | Hot Stocks07:32 EDT Travelzoo sees 'higher revenue and profitability in Q2' - The company said, "We currently expect higher revenue and profitability in Q2 2022. We continue to see a trend of recovery of our revenue. However, there could be unexpected fluctuations in the short term. During the pandemic, we have been able to lower our fixed costs. We believe we can keep our fixed costs relatively low in the foreseeable future-while revenue is expected to grow." Q2 EPS/revenue consensus 20c/$20.69M, respectively.
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VZ ORCL | Hot Stocks07:30 EDT Verizon says 5G Ultra Wideband available at Oracle Industry Lab - Verizon (VZ) and Oracle (ORCL) are teaming to explore how Verizon 5G Ultra Wideband can transform industries including utilities, manufacturing, communications, construction and engineering. With Verizon 5G Ultra Wideband now lit up at the Oracle Industry Lab outside of Chicago, partners and customers can explore, create, and test 5G use cases that create opportunities and solve their most pressing industry challenges. These range from carbon reduction to worker safety, sustainable building, and more. See the lab in action at www.oracle.com/innovation.
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GPL | Hot Stocks07:29 EDT Great Panther reports P&P mineral reserves up 24% compared to 2020 estimates - Great Panther Mining reports Mineral Resource and Mineral Reserve Estimates for the Tucano Gold Mine in Brazil. The estimates were prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The 2021 MRMR has an effective date of July 31, 2021. The 2021 MRMR reflects results of an additional 58,837 metres of drilling up to the end of July 2021, an increased gold price of $1,650/oz for reserves and $1,900/oz for resources, and an exchange rate of BRL 5: USD 1. The 2021 MRMR is focused on the open pit ore zones and reflects changes to the open pit reserves and resources, while the underground will be updated in a future Mineral Resource and Mineral Reserve estimate on completion of engineering studies currently underway. Highlights include: Total Proven and Probable, or P&P, Mineral Reserves are now estimated to be 681,873 gold ounces, of which 371,541 gold ounces are open pit reserves, a 24% increase in P&P open pit reserves since the previously reported MRMR estimate for Tucano with an effective date of September 30, 2020. Total Measured and Indicated Mineral Resources, which are inclusive of Mineral Reserves, now total 1.3M gold ounces, of which 928,000 gold ounces are open pit M&I Mineral Resources, a 65% increase since the 2020 MRMR. The Company completed a 19,000-metre drilling campaign on the Urucum North underground project. Engineering studies are currently underway. Historical reserves will be updated pending these studies.
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JBLU | Hot Stocks07:24 EDT JetBlue to reduce summer schedule, to focus on hiring and training - JetBlue announced a series of investments that will set up the airline to reliably deliver the JetBlue experience during what is expected to be a record-breaking summer. JetBlue's broad and comprehensive plan includes a reduction of its summer schedule, focus on hiring and training, efforts to reduce customer support call volume and hold times, proactive aircraft maintenance efforts, and facilities/infrastructure readiness. ..Reduced schedule offers more buffer and flexibility to recover from disruptions Even though the industry continues to forecast robust demand, JetBlue is taking steps to reduce its flight schedule for increased reliability. A reduced schedule will add more buffer room throughout the day to make up for operational disruptions and put less stress on its crew resources. JetBlue originally planned to grow capacity this year by 11 to 15 percent compared to 2019. Now, with its reduced schedule, JetBlue's capacity will grow zero to five percent compared to 2019. Most importantly, JetBlue is reducing its summer schedule by more than 10 percent from its original plan, and scheduled aircraft utilization will be down 10 to 15 percent compared to 2019. ...JetBlue is also working to proactively cancel flights on days when bad weather is forecasted or if it anticipates air traffic control delays due to congestion or air traffic control center staffing shortages. The dynamic nature of spring and summer weather, including thunderstorms, sometimes prevents this, but the airline is working to provide cancellation well in advance of arriving to the airport so customers have time to adjust their plans. The reduced schedule frees up aircraft time to give the airline additional opportunities to get ahead of planned maintenance programs. JetBlue is investing in additional preventative maintenance as well as reserving more aircraft as spares this summer to reduce the impact of maintenance-related cancellations and delays. T
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NAT | Hot Stocks07:23 EDT Nordic American Tankers sees $51.9M impairment charge for 2021 report - The company said, "No tanker company on Wall Street has the strategy of NAT. NAT does not buy and sell Suezmaxes as a business proposition - the policy is based on the premise to keep the vessels to the end of their lives. Recently prices are up and we have sold a few vessels. In July 2021 we announced a plan to sell ships in combination with buying ships. We have sold four Suezmaxes now, generating a cash injection of about $60M to NAT. Vessel number four was delivered to the new owners on April 12, 2022. We expect that our fleet will grow with the objective of having about 30 Suezmax vessels the next few years. We have informed the market that we receive two newbuildings - one in May and one at the end June this year. They have both achieved contracts of six years each, in total twelve years with first class contractual partners, at solid rates creating earnings and stable cash flow. In light of our recent vessels sales, we have concluded that we should record an impairment charge on our accounts for 2021. This charge is $51.9M related to our vessels built in 2002 and 2003. The impairment charge is a non-cash accounting matter. It has nothing to do with our business as such. We have previously report a year-to-date impairment charge of $8.4M in our 4Q21 Earnings Release. This number will now be adjusted to $60.3M in our 2021 20-F.These accounting matters do not affect our 2022 numbers. The tanker market has developed positively in 2022 and the spot voyage contracts announced lately will contribute significantly to our cash position and ability to pay dividend. NAT is on the way to its objective of becoming debt free."
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DECPF | Hot Stocks07:20 EDT Diversified Energy announces acquisition of East Texas upstream assets - Diversified Energy Company announces the acquisition of certain East Texas upstream assets and related facilities from a private seller. The Acquisition builds on Diversified's 2021 entry into the Central Region and expands its progress to replicate the Company's proven business model with high margin, low-decline production that is geographically proximate to its existing assets. Under the previously announced Strategic Participation Agreement, funds managed by Oaktree Capital Management will make a non-operated working interest investment in the Acquisition and Oaktree will promote Diversified with 5% of its interest in the Acquisition. Accordingly, Diversified will obtain a 52.5% working interest in the Acquisition for contributing 50%, or $50 million of the purchase price. Acquisition Highlights - Diversified's Interest: Cash consideration of $50 million funded entirely with cash on hand and borrowings on the Company's revolving credit facility; Represents a 1.4x multiple based on net Purchase Price and $35 million of estimated next twelve months' Adjusted EBITDA before potential synergies; ~10% accretive to the Company's 2021 Hedged Adjusted EBITDA; Net Purchase Price approximates a greater thanPV40 valuation at the effective date of 1 April 2022, with net Proved; Developed Producing reserves of 18 MMBoe and PV10 of ~$102 million as of the effective date and based on 19 April 2022 NYMEX strip prices; Current production of 3.7 MBoepd from 691 gross operated PDP wells with an estimated engineered NTM PDP decline rate of ~7%; High cash margins of ~60% reflective of favorable realized hedged pricing and a competitive cost structure; Acquisition builds scale within Diversified's Central Region footprint, expanding opportunities for synergies; Represents the Company's fifth acquisition in the Central Region within the last twelve months and demonstrates Diversified's success sourcing high quality, attractively-priced targets that meet its defined asset profile; Geographic proximity to previously acquired assets in East Texas and Northwest Louisiana from Tanos Energy Holdings III LLC and Indigo Minerals LLC; increases asset density within the operating region and enhances the potential for development of operating efficiencies; The Company will implement its Smarter Asset Management program to optimize well performance, reducing labor and vendor costs, returning wells to production, optimizing artificial lift systems and lowering overhead expenses; Following a customary transition service period, Diversified has the opportunity to retain experienced personnel from the Seller to complement the continuity and consistency of operations and to facilitate the implementation of Smarter Asset Management opportunities
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GMDA | Hot Stocks07:20 EDT Gamida Cell receives FDA clearance for GDA-201 IND, clinical hold removed - Gamida Cell announced that the FDA cleared its investigational new drug, or IND, application and removed the clinical hold for a cryopreserved formulation of GDA-201. GDA-201 is an off-the-shelf cell therapy candidate for the treatment of patients with follicular and diffuse large B cell lymphomas. Gamida Cell expects to initiate a company-sponsored Phase 1/2 clinical study in patients with follicular and diffuse large B-cell lymphomas in 2022.
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THC | Hot Stocks07:18 EDT Tenet Healthcare reports cybersecurity incident - Tenet Healthcare experienced a cybersecurity incident last week. The company immediately suspended user access to impacted information technology applications, executed cybersecurity protection protocols, and took steps to restrict further unauthorized activity. Efforts to restore impacted information technology operations continue to make important progress. While there was temporary disruption to a subset of acute care operations, the company's hospitals remained operational and continued to deliver patient care. At this time, critical applications have largely been restored and the subset of impacted facilities has begun to resume normal operations. In parallel, the company immediately launched an investigation of the incident, which is currently ongoing. The company is taking additional measures to protect patient, employee and other data, as appropriate, in response to this incident.
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GXO | Hot Stocks07:17 EDT GXO Logistics releases first ESG report - GXO Logistics announced the release of its first Environmental, Social and Governance, ESG, Report. "Our fresh beginning as a standalone company brings a rare opportunity and responsibility to create a strategy around what matters most to our employees, customers, investors and communities," said Malcolm Wilson, Chief Executive Officer, GXO. "We are committed to making a positive impact for our people, our partners and our planet by harnessing technology to not only improve performance but to minimize our environmental impact, create a safe, welcoming workplace and do business the right way." In 2021, GXO set five environmental goals: 80% global operations using LED lighting by 2025; 80% global landfill diversion rate by 2025; 30% GHG emissions reduction by 2030 vs. 2019 baseline; 50% renewable energy in global operations by 2030; and 100% carbon neutral by 2040.
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MYGN | Hot Stocks07:15 EDT Myriad Genetics report results on nationwide survey - Two out of three women diagnosed with depression or anxiety say they have reached or are approaching their breaking point regarding their mental health, according to the GeneSight Mental Health Monitor, a new nationwide survey from Myriad Genetics. This breaking point can be defined as a negative impact or a significant strain on anything from social life to caring for loved ones at home to professional obligations. Four out of 10 women without a diagnosis of depression or anxiety say they have reached or are reaching this point. Delaying mental health treatment is common among the women surveyed. Despite available treatment options, fewer than two in 10 women believe they will ever be free from anxiety or depression symptoms. Six in 10 women diagnosed with depression or anxiety agree that taking a prescription medication was the most helpful step in treating their anxiety or depression symptoms. Only about 30% of women who have been prescribed psychiatric medication are aware of genetic testing that may help their physicians with prescribing decisions - and only 8% of these respondents have had genetic testing. Yet, 67% of diagnosed women whose doctor did not use genetic testing said they wish their doctor had told them about and/or offered a genetic test that could provide information about how their genes may affect medication outcomes.
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JBLU | Hot Stocks07:14 EDT JetBlue sees CASM ex-Fuel to increase 15% to 17% year over three - "We are extremely pleased with the demand and revenue momentum, which accelerated throughout the quarter and resulted in first quarter revenue that was roughly six points ahead of our original January forecast; we also executed within the range of our original cost guidance despite abnormally elevated winter weather events. Looking ahead, we are reducing our full-year capacity growth as we work to restore operational reliability and catch up on a backlog of training events, and also as we remain mindful of elevated fuel prices," said Ursula Hurley, JetBlue's Chief Financial Officer. "For the second quarter, we are forecasting CASM ex-Fuel to increase 15% to 17% year over three, reflecting some inefficient, close-in capacity reductions in Q2, frontline premium and incentive pay to support the operation, ramp-up costs to maintain our hiring pace for the summer, and our recently signed deal with Air Line Pilots Association. Our revenue performance for the second quarter is expected to be a record result. However, significantly higher fuel prices and investments in the operation are delaying our return to sustained pre-tax profitability. That said, we believe we are on a path to building back our margins and creating value for our owners through strong revenue growth, disciplined cost control, and a methodical approach to capacity decisions."
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JBLU | Hot Stocks07:12 EDT JetBlue says planning to grow capacity between 0%-5% - "For the full-year 2022, we are now planning to grow capacity between 0% and 5% versus 2019. Severe weather compounded by air traffic control challenges particularly across Florida and New York have had an outsized impact on our operation where 95% of our daily flights operate. Despite being well on track with our summer operational preparations, we have re-evaluated our capacity planning assumptions for the summer in light of these challenges. We believe our operational investments and capacity reductions will improve our operational performance in the coming months while we continue to fly a record number of customers," said Joanna Geraghty, JetBlue's President and Chief Operating Officer. "For the second quarter, we expect capacity to increase in a range between 0% and 3% year over three. We also expect revenue to increase between 11% and 16% year over three. This includes up to a four point revenue impact from the operational disruption in April. And despite the meaningful impact to the quarter and the year, we expect to generate our best quarterly revenue result in the second quarter, and are positioned to accelerate this momentum through the summer."
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HSDT | Hot Stocks07:12 EDT Helius Medical introduces device to US to help MS patients walk - Helius Medical Technologies announced availability in the market of its breakthrough technology with the potential to help patients in the United States with Multiple Sclerosis, MS, who struggle to walk. The technology, known as Portable Neuromodulation Stimulator, PoNS, is now available in the U.S. to help MS patients with gait deficit improve walking ability. PoNS is available commercially by prescription, for the first time, to patients in the U.S. aged 22 and over. "We believe that we are unlocking the full potential of neuromodulation and neuroplasticity to help MS patients walk more steadily and safely," said Antonella Favit-Van Pelt, MD, PhD, Helius's Chief Medical Officer. MS is a progressively disabling condition with the first symptoms appearing in people between ages 20 and 40. "Approximately 40 percent of individuals with MS will need walking assistance within 15 years of the onset of the disease. PoNS therapy provides a unique opportunity for these patients to improve gait functionality and mobility" said Dr. Favit-Van Pelt.
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F | Hot Stocks07:09 EDT Ford announces start of full production of F-150 Lightning trucks - Ford announced that full production of F-150 Lightning trucks has begun at the Rouge Electric Vehicle Center within Ford's Rouge Complex. "Ford has unprecedented demand for F-150 Lightning with 200,000 reservations and is expanding the Rouge Electric Vehicle Center to ramp up production to a planned annual run rate of 150,000 in 2023. The company has invested a total of $950 million and created 750 jobs at the Rouge Electric Vehicle Center. Ford's investment in Michigan for F-150 Lightning alone now totals more than $1 billion, with 1,700 recently created jobs spread among five Ford plants in the state," the company started. "F-150 Lightning is the fastest-accelerating F-150 yet and the only full-size electric pickup available now with a starting price less than $40,000," Ford added. Reference Link
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RTX EADSY | Hot Stocks07:08 EDT Air Canada Selects Pratt & Whitney GTF Engines for Airbus A320neo aircraft - Pratt & Whitney, a division of Raytheon Technologies (RTX) and Air Canada have announced the selection of Pratt & Whitney GTF engines to power 30 firm and 14 purchase right Airbus (EADSY) A321XLR aircraft. Pratt & Whitney will also provide Air Canada with engine maintenance through an EngineWise Comprehensive service agreement. The first aircraft is expected to be delivered in the first quarter of 2024.
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RDCM | Hot Stocks07:08 EDT Radcom announces contract with mobile operator in Europe - Radcom announced it has entered into a multi-year contract to provide its service assurance solution enhance the end-to-end customer experience for a mobile operator in Europe. Providing real-time analytics for 5G services, RADCOM ACE will help the operator deploy and launch 5G smoothly, maintain the highest quality of services and ensure a highly optimized and automated network.
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NLSN VZIO | Hot Stocks07:07 EDT Nielsen expands Smart TV data deal with Vizio - Nielsen (NLSN) and VIZIO (VZIO) announced a multi-year agreement that provides Nielsen with precise glass-level viewership data powered by Inscape Smart TV data. The deal includes a period of exclusivity for data gathered on an expanded roster of 400 local stations that will be processed around the clock by Inscape's systems. Nielsen, which licensed Inscape for national addressable measurement starting in 2021, now has the rights from VIZIO to integrate Inscape data in both its local and national audience measurement solutions. Through this agreement, Nielsen can now add big data from a pool of approximately 20 million Smart TVs, a key enhancement that includes incremental coverage for 400 stations across local U.S. markets that currently include Local People Meter, Set Meter and Portable People Meter panels.
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SCL | Hot Stocks07:07 EDT Stepan Company expects to remain challenged by external supply chain issues - "Looking forward, we believe that demand across our business will remain strong but the Company will continue to be challenged by external supply chain issues, including raw material availability and transportation constraints that impacted us in 2021 and during the first quarter of 2022," said Scott Behrens, president and CEO. "From a segment perspective, we believe that Surfactant volumes within the functional product end-markets, inclusive of agricultural and oilfield, will improve versus 2021 driven by a favorable commodity pricing environment. We believe our Polymer business will deliver growth versus the prior year and we continue to believe the long-term prospects for rigid polyols remain attractive as energy conservation efforts and more stringent building codes should increase demand. We anticipate our Specialty Product business results will improve slightly year-over-year. We are cautiously optimistic about the remainder of the year despite the current inflationary environment and ongoing supply chain challenges."
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SYBX | Hot Stocks07:07 EDT Synlogic announces data presentations from five programs at SEED conference - Synlogic announced its planned presentations at the 2022 Synthetic Biology: Engineering, Evolution & Design, SEED, conference being held May 2-5, 2022, in Arlington, VA. The oral presentation outlines Synlogic's progress in developing Synthetic Biotic drug candidates for rare metabolic diseases phenylketonuria, PKU, and homocystinuria, HCU, both inborn errors of metabolism. "The preclinical and clinical data being presented at SEED this year represent the remarkable progress we have achieved through our Synthetic Biotic programs to date in multiple therapeutic categories," said Synlogic's Chief Scientific Officer David Hava, PhD. "These presentations highlight the breadth and versatility of Synlogic's application of synthetic biology to biotherapeutics, by targeting GI-based metabolites across different diseases to provide meaningful new treatment options with the potential to address important medical needs." Oral Presentation: Title: "Engineered E. coli Nissle for the Treatment of Inborn Errors of Amino Acid Metabolism." Poster Presentations: Title: "Engineering E. coli Nissle 1917 to Consume Uric Acid in the GI Tract." Title: "A Synthetic Biotic, SYNB8802, Lowers Urinary Oxalate in Preclinical Models and Healthy Volunteers with Induced Dietary Hyperoxaluria." Title: "Biosensor-Enabled Optimization of SYNB1934, a Synthetic Biotic for Phenylketonuria Demonstrating Clinical Efficacy." Title: "Development of SYNB1353, A Synthetic Biotic Engineered to Consume Methionine for the Treatment of Homocystinuria." Title: "Local Delivery of Synthetic Biotics to Treat Inflammatory Bowel Disease." Date and Time: May 2, 2022 from 4:00-5:00 PM ET (Poster session A)
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WBD | Hot Stocks07:06 EDT Warner Bros. Discovery ends Q1 with 24M DTC subscribers, up 2M from Q4
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FCF | Hot Stocks07:05 EDT First Commonwealth increases quarterly dividend 4.3% to 12c per share - First Commonwealth Financial Corporation declared a common stock quarterly dividend of $0.12 per share, which represents a 4.3% increase from the previous quarter. The cash dividend is payable on May 20, 2022 to shareholders of record as of May 6, 2022. This dividend represents a 3.3% projected annual yield utilizing the April 25, 2022 closing market price of $14.41.
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WBD | Hot Stocks07:05 EDT Warner Bros. Discovery reports Q1 cash from operating activities $323M - First quarter 2022 cash provided by operating activities increased to $323M from $269M in the prior year quarter. Free cash flow increased 33% to $238M, primarily driven by higher Adjusted OIBDA, partly offset by higher content spend.
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MRKR | Hot Stocks07:04 EDT Marker Therapeutics announces entry into services agreement with Wilson Wolf - Marker Therapeutics announced it has entered into a services agreement with Wilson Wolf Manufacturing Corporation. The agreement includes an $8M upfront cash payment by Wilson Wolf to Marker in exchange for services relating to Marker's expertise in the manufacture of cell therapies. Wilson Wolf has agreed to pay Marker an additional $1M if the certain work, as defined in the services agreement, is completed within one year from the onset of the services agreement. "Marker Therapeutics has created its own cGMP manufacturing capacity that allows us to service our clinical trials with full control and lower costs when compared to use of contract manufacturing organizations," said Peter Hoang, CEO of Marker Therapeutics. "Our process utilizes Wilson Wolf products and we think our knowledge is highly aligned with Wilson Wolf's mission to advance the cell and gene therapy field through simplified manufacturing. Wilson Wolf's payment of $8 million in non-dilutive funding, with potential for another $1 million, for a portion of Marker's knowledge will be used by Marker to advance its mission to fundamentally improve the way liquid and solid tumors are eliminated. Given how entrenched Wilson Wolf's technology is in the cell and gene therapy field, we see this as an endorsement of Marker's manufacturing expertise."
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WBD | Hot Stocks07:02 EDT Warner Bros. Discovery discontinued operations in Russia in Q1 - The company said, "During the first quarter of 2022 we exited our operations in Russia and removed all of our channels and services from the market. We are currently evaluating the impact of these actions, but do not expect it to have a material effect on our consolidated financial statements."
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RTX | Hot Stocks06:58 EDT Raytheon Technologies reports backlog at end of Q1 of $154B - Backlog at the end of the first quarter was $154B, of which $92B was from commercial aerospace and $62B was from defense.
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SAH | Hot Stocks06:58 EDT Sonic Automotive opens new delivery center in Columbus, Georgia - Sonic Automotive announced the continued expansion of the EchoPark Automotive brand with the opening of its newest delivery center in Columbus, Georgia. The second-largest city in Georgia after Atlanta, Columbus is located in the western part of the state along the Alabama border. The Columbus Delivery Center is EchoPark's fourth location in Georgia, adding to its existing Augusta delivery center and two retail hubs in Duluth and Marietta. The brand is well on its way to achieving an aggressive expansion plan to reach 90% of the U.S. population and generate $14B in revenues by 2025
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IGT | Hot Stocks06:56 EDT International Game receives G4 responsible gaming accreditation - International Game announced that it has become the first U.S. supplier in the gaming industry to receive Global Gambling Guidance Group, or G4, responsible gaming accreditation for its sports betting operations. With this monumental achievement from G4, IGT is certified in responsible gaming across its four product segments encompassing lottery, gaming, digital and betting.
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SV | Hot Stocks06:53 EDT NuScale Power signs MOU with GS Energy, Doosan, and Samsung - NuScale Power announced it has signed a Memorandum of Understanding with its partners, Samsung C&T, Doosan Enerbility Co., Ltd., and GS Energy to explore the deployment of NuScale's VOYGR power plants. This announcement is a critical next step in bringing NuScale's clean energy solution to Asia. This MOU builds upon a series of investments made by the three companies starting in 2019, and then again in June and July of 2021. As part of the MOU, the industry leaders will explore jointly studying, planning, and developing deployment of VOYGR power plants in specific locations where mutually agreed.
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REI | Hot Stocks06:53 EDT Ring Energy reports Q1 sales volumes of 8,870 Boe/d - Ring Energy provided an operational and financial update for the Company's Q1 sales, drilling program and further debt repayment. Highlights include: Q1 sales volumes of approximately 8,870 barrels of oil equivalent per day, or Boe/d, which was above the high end of Q1 guidance; Improved sales were driven by several factors such as placing wells on production sooner than anticipated and production optimization with field compressor installs that led to an overall increase in gas sales; Generated free cash flow for the 10th consecutive quarter and paid down an additional $10M in debt in the Q1; Increased liquidity at March 31 to approximately $71M; Decreased total outstanding debt balance to $280M; Benefitted from increased commodity prices with the majority of its low-price legacy oil hedges expiring at year-end 2021 and no natural gas price hedges in place in 2022; Drilled six wells, four Central Basin Platform and two Northwest Shelf during the Q1 as well as completed and placed on production four CBP wells; and performed four conversions from electrical submersible pumps to rod pumps, or CTR, in the Q1, all in the NWS. Paul McKinney, CEO, commented, "We are pleased with our Q1 results. Our operations teams continue to perform efficiently and effectively maintaining our base production and bringing on new development wells ahead of schedule. The combination of stronger than anticipated sales, improved commodity prices, and our continued focus on driving cost efficiencies enabled us to not only generate free cash flow for a 10th consecutive quarter, but also allowed us to pay down $10M, in debt during the quarter. In addition to drilling and completion efficiencies, we continued our successful CTR program by performing four conversions. Our performance this quarter establishes a solid foundation for 2022 and encourages us to continue executing on our value-focused, proven strategy."
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PJT | Hot Stocks06:52 EDT PJT Partners board authorizes $200M share repurchase program on Class A common - On April 25, the company's Board of Directors authorized a $200M repurchase program of the Company's Class A common stock, which is in addition to the previous Board authorizations, of which $26.6M remained as of March 31.
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CNX | Hot Stocks06:50 EDT CNX Resources, Evolution Well Services announce four-year contract extension - CNX Resources and Evolution Well Services announced a four-year extension of their current partnership. In 2018, Evolution and CNX began negotiating a long-term agreement to utilize Evolution's 100% electric, natural gas-fueled, gas turbine-powered fracturing fleets for strategic basin development. Those negotiations yielded the first long-term contract in the Appalachian basin for this game-changing technology.
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VALN PFE | Hot Stocks06:49 EDT Valneva, Pfizer report 'positive' Phase 2 pediatric data for VLA15 - Valneva (VALN) and Pfizer (PFE) reported positive Phase 2 pediatric data for their Lyme disease vaccine candidate, VLA15. Based on these new results, Valneva and Pfizer plan to proceed with inclusion of pediatric participants in their planned Phase 3 trial. The trial will evaluate VLA15 in adults and pediatric subjects 5 years of age and above and is expected to be initiated in the third quarter of 2022, subject to regulatory approval. The Phase 2 trial, VLA15-221, is the first clinical study with VLA15 which enrolled a pediatric population. It compared the immunogenicity and safety of VLA15 after administration of two or three primary series doses in groups aged 5-11, 12-17 and 18-65 years. In pediatric participants who received VLA15 in either the two-dose schedule or three-dose schedule, VLA15 was found to be more immunogenic than in adults with both vaccination schedules tested. These data build on the strong immunogenicity profile already reported for adult participants in February 20221. Like in adults, the immunogenicity and safety data support a three-dose primary vaccination schedule in pediatric participants in the Phase 3 study. The safety and tolerability profile observed in the 5- to 17-year age group was similar to the previously reported profile in adult participants. No vaccine-related serious adverse events were observed. Valneva and Pfizer plan to submit these data for publication and presentation at a future scientific congress.
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VLO | Hot Stocks06:46 EDT Valero expects DGD project to commence in 4Q22 - The DGD project located next to Valero's Port Arthur refinery, which is expected to have a renewable diesel production capacity of 470M gallons per year, is now expected to commence operations in the fourth quarter of 2022, versus the prior estimate of the first quarter of 2023. The total annual DGD production capacity is expected to increase to approximately 1.2B gallons of renewable diesel and 50 million gallons of renewable naphtha. "We expect low-carbon fuel policies to continue to expand globally and drive demand for low-carbon fuels," said Gorder, "and with that view, we are leveraging our operational and technical expertise to steadily expand our competitive advantage." BlackRock and Navigator's large-scale carbon sequestration project is expected to begin startup activities in late 2024. Valero is expected to be the anchor shipper with eight of Valero's ethanol plants connected to this system, producing a lower carbon intensity ethanol product to be marketed in low-carbon fuel markets that is expected to result in a higher product margin. Refinery optimization projects that are expected to reduce cost and improve margin capture are progressing on schedule. The Port Arthur Coker project, which is expected to increase the refinery's utilization rate and improve turnaround efficiency, is still expected to be completed in the first half of 2023.
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ARCH | Hot Stocks06:43 EDT Arch Resources announces Q2 dividend of $8.11 per share - In February, Arch announced a new capital allocation model that includes the return to stockholders of 50% of the prior quarter's discretionary cash flow - defined as cash flow from operations minus capital expenditures and contributions to the thermal mine reclamation fund - via a variable quarterly cash dividend in conjunction with a fixed quarterly cash dividend. Arch intends to retain the remaining 50% of the prior quarter's discretionary cash flow for use in share buybacks, the repurchase of potentially dilutive securities, special dividends, and/or capital preservation. The second quarter dividend payment of $8.11 per share - which includes a fixed component of 25c per share and a variable component of $7.86 per share - is payable on June 15 to stockholders of record on May 31.
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DHI | Hot Stocks06:39 EDT D.R. Horton lowers 2022 homes closed view 88,000-90,000 - Previous view 90,000-92,000. Sees Income tax rate of approximately 24%; Outstanding share count at the end of fiscal 2022 approximately 3% lower than at the end of fiscal 2021. The Company plans to also provide guidance for its third quarter of fiscal 2022 on its conference call.
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DHI | Hot Stocks06:38 EDT D.R. Horton lowers 2022 homes closed view 88,000-90,000 - Previous view $90,000-92,000. Sees Income tax rate of approximately 24%; Outstanding share count at the end of fiscal 2022 approximately 3% lower than at the end of fiscal 2021. The Company plans to also provide guidance for its third quarter of fiscal 2022 on its conference call.
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VERV | Hot Stocks06:37 EDT Verve Therapeutics presents new findings from study of VERVE-101 - Verve Therapeutics announced new findings from a comprehensive off-target assessment of its lead product candidate, VERVE-101, demonstrating minimal to no off-target editing and supporting the favorable tolerability profile observed across multiple non-human primate studies conducted to date. The data will be presented at the Precision Genome Engineering Keystone Symposia in Keystone, Colorado on April 29. Extensive additional evaluation in non-target cells and in other cellular contexts identified only two potential sites with statistically significant editing above untreated controls in any cell type and with any batch. The two instances of off-target editing occurred at doses greater than those expected to achieve saturation for on-target editing. Based on these data, Verve believes that VERVE-101 has a low risk of off-target genomic modifications that would be expected to have an associated clinical adverse effect. In addition, in order to assess for potential guide-independent off-target effects on a genome-wide scale, a whole genome sequencing analysis of human liver cells treated with VERVE-101 was performed at a very high coverage depth of 500 sequencing reads per base. This analysis demonstrated no increase in adenine editing compared to untreated controls. Finally, in order to assess for genomic integrity, including chromosomal rearrangements and large insertions or deletions, Verve researchers performed whole genome optical mapping in primary human liver cells and observed no additional structural variants after VERVE-101 treatment when compared with untreated controls. "Based on our interactions with regulatory agencies and as part of our clinical development path for VERVE-101, we have conducted rigorous analyses to ensure that we are advancing a therapy predicted to be both effective and safe," said Andrew Bellinger, M.D., Ph.D., chief scientific and medical officer of Verve. "These updated findings, leveraging industry-leading and highly sensitive off-target analysis tools, continue to demonstrate minimal to no off-target editing and support our plans to initiate global clinical development with VERVE-101 for later this year."
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HLX | Hot Stocks06:33 EDT Helix Energy continues to see 2022 as a 'transition' year - The company said: "We continue to expect 2022 to be a transition year for Helix, where we see an improving energy environment, despite a tepid macro backdrop, with higher commodity prices as we continue to recover from the pandemic. In the second half 2022, we anticipate a stronger North Sea Well Intervention market, and we expect to redeploy the Siem Helix 1 to Brazil for Trident Energy and to transition the Q7000 to the Asia Pacific region. Our first quarter represented what we expect will be our most challenging, with regulatory inspections on four vessels, the Siem Helix 1 on reduced rates, and the seasonally slow North Sea with limited utilization on both North Sea intervention vessels during the quarter. "
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HLX | Hot Stocks06:33 EDT Helix Energy sees FY22 CapEx $45M-$55M - Capital additions during Q1 approximated $11M and are expected to be $34M-$44M for the remainder of 2022. Expects to continue anticipated momentum from second half 2022 into 2023. Sees improved operating cash flows in 2023 compared to 2022. Comments taken from Q1 earnings conference call presentation slides.
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WEX DDD | Hot Stocks06:31 EDT Wex names Jagtar Narula as CFO, effective May 25 - Wex (WEX) announced that Jagtar Narula has been appointed CFO, effective May 25. Narula joins WEX from 3D Systems (DDD), where he currently serves as CFO.
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UBS | Hot Stocks06:30 EDT UBS sees repurchasing around $5B of shares during 2022
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GE | Hot Stocks06:27 EDT GE says Russia and Ukraine charges impacted EPS by (20c) in Q1
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GE | Hot Stocks06:27 EDT GE: Healthcare order demand strong, monitoring China - Comments taken from Q1 earnings conference call presentation slides.
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GE | Hot Stocks06:24 EDT General Electric board authorized up to $3B in buybacks in Q1
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GE | Hot Stocks06:24 EDT General Electric 'on track' to launch three independent companies, says CEO Culp
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GE | Hot Stocks06:23 EDT General Electric trending toward low end of guidance range, says CEO Culp - GE Chairman and CEO H. Lawrence Culp, Jr. said, "This quarter, the GE team improved services, orders, and cash while scaling lean in all businesses to drive margin expansion. Our continuous operational improvements set us up to reinvest in innovation across GE, and our businesses remain focused on growth, supported by continued recovery at Aviation and strong demand at Healthcare." Culp continued, "We're holding the outlook range we shared in January, but as we continue to work through inflation and other evolving pressures, we're currently trending toward the low end of the range. Importantly, we remain on track to launch three independent, investment-grade companies with leading positions in growing, critical sectors, well positioned to create long-term value."
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GE | Hot Stocks06:23 EDT General Electric reports Q1 total orders $18.9B, organic orders up 13%
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HSBC | Hot Stocks06:21 EDT HSBC: Revenue outlook remains 'positive,' sees MSD revenue growth in 2022 - HSBC said: "The revenue outlook remains positive, with growth in net interest income expected to continue as implied market consensus policy rate movements have improved since our full year 2021 results. This is expected to be supported by mid-single-digit percentage lending growth for 2022. While Covid-19-related restrictions in Hong Kong resulted in a comparatively muted 1Q22 for our Wealth business, we expect a recovery when restrictions are lifted. We continue to expect mid single-digit percentage revenue growth in 2022. We are on track to deliver 2022 adjusted operating expenses in line with 2021, despite inflationary pressures, and we expect over $2bn of cost savings to be delivered during 2022 with associated costs to achieve spend of $3.4bn. We continue to target 2023 cost growth at 0% to 2%, compared with 2022 on an IFRS 4 basis. With an improved revenue outlook, including the potential upside on our net interest income since our full year 2021 results, we continue to expect a return on average tangible equity of at least 10% in 2023. Our CET1 position fell from 15.8% at 31 December 2021 to 14.1% at 31 March 2022. With profit generation and continued RWA actions, we aim to manage within our target CET1 range of 14% to 14.5% in the medium term."
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AHH | Hot Stocks06:18 EDT Armada Hoffler closes sale of Summit Place in Charleston - Armada Hoffler Properties successfully completed its strategic exit from the student housing space by closing the sale of Summit Place in Charleston, South Carolina. The disposition of the student housing property marks the final sale in the asset class, underscoring the Company's broader strategy to focus on conventional apartment communities when acquiring or developing multifamily assets. Completed by Armada Hoffler Properties in the Q3 of 2020 at the corner of Spring and Lee streets, Summit Place is a five-story building with 357 beds and an amenity offering on par with Class A conventional apartment communities.
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TD | Hot Stocks06:16 EDT Toronto-Dominion announces launch of technology delivery hub in Fort Lauderdale - TD Bank announced the launch of a new technology delivery hub in Fort Lauderdale, Florida, to support a center of tech innovation in South Florida. The bank plans to add 200 new roles in the region over the next two years to support its accelerated technology strategy. These new positions are part of the recent announcement from TD to hire over 2,000 technology roles with skills in DevOps, cloud, machine learning, and automation, along with those trained and experienced in agile methodology, UX design, and mobile.
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SPR BA | Hot Stocks06:14 EDT Spirit AeroSystems signs repair center agreement with GAMECO - Spirit AeroSystems (SPR), announced an agreement with Guangzhou Aircraft Maintenance Engineering Company, or GAMECO, to be the Spirit Authorized Repair Center in Mainland China. GAMECO was founded in 1989 as a joint venture of China Southern Airlines, Hutchison A/C Maintenance Investment and South China International A/C Engineering. Initially, GAMECO will provide repair services to replace Boeing (BA) 757 RB211 inlet cowlings and A330 Trent inlet cowlings with plans to expand into nacelle work for Spirit customers. Spirit has signed agreements with two freight carriers to place 757 inlet cowling work with GAMECO. In February, Spirit signed a contract with YTO Cargo Airlines, based in Hangzhou, China; and in September 2021, Spirit signed a 10-year agreement with SF Airlines, a cargo carrier based in Shenzhen, China.
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UPS | Hot Stocks06:14 EDT UPS raises targeted share repurchases to $2B for 2022 - UPS is announcing its plans to double the amount of share repurchases for 2022, taking the target to $2B for the year.
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UBER | Hot Stocks06:13 EDT Uber to pay fine in Australia for misleading users on cancellation charges - The ACCC has instituted proceedings in the Federal Court against Uber, which has admitted it engaged in misleading or deceptive conduct and made false or misleading representations in the Uber ridesharing app. Uber has admitted that it breached the Australian Consumer Law by making false or misleading statements in cancellation warning messages and Uber Taxi fare estimates, and has agreed to make joint submissions with the ACCC to the Court for penalties totaling $26M to be imposed. Between at least December 2017 and September 2021, the Uber rideshare app displayed a cancellation warning to consumers who sought to cancel a ride saying words to the effect of 'You may be charged a small fee since your driver is already on their way', even when consumers were seeking to cancel a ride within Uber's free cancellation period. The parties have agreed to jointly seek orders from the Federal Court including declarations that Uber contravened the Australian Consumer Law, and for Uber to pay $26M in penalties. The Federal Court will decide at a later date whether the orders sought, including the proposed penalties, are appropriate. Reference Link
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NFE | Hot Stocks06:11 EDT New Fortress Energy application for LNG solution in U.S. GOM advances - New Fortress Energy announced that the U.S. Coast Guard, in coordination with the Maritime Administration, has affirmed the completeness of NFE's deepwater port license application and will proceed with the preparation of an environmental impact statement as part of the environmental review within the 356-day application process. NFE's application proposes the ownership, construction, operation, and eventual decommissioning of an offshore natural gas export deepwater port, known as New Fortress Energy Louisiana FLNG, that would be located in Federal waters approximately 16 nautical miles off the southeast coast of Grand Isle, Louisiana in a water depth of approximately 30 meters. The deepwater port would allow for the export of approximately 145B cubic feet of natural gas per year, equivalent to approximately 2.8 million tons per annum of LNG. Subject to the receipt of all required permits and approvals, NFE targets beginning operations in the first quarter of 2023.
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TWTR | Hot Stocks06:06 EDT Jack Dorsey: Taking Twitter private the 'correct first step' - Former Twitter CEO Jack Dorsey says taking Twitter private "is the correct first step" and that Elon Musk's goal to create a "maximally trusted and broadly inclusive" platform "is the right one." Dorsey tweeted: "In principle, I don't believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness." Reference Link
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ST | Hot Stocks05:59 EDT Sensata to acquire Dynapower for $580M in cash - Sensata announced that it has agreed to acquire Dynapower from private equity firm Pfingsten Partners for $580M in cash. The transaction is subject to regulatory approvals and other customary closing conditions. Sensata and Dynapower expect to complete the transaction early in Q3. Dynapower provides energy storage and power conversion systems including inverters, converters, rectifiers and custom transformers for renewable energy generation, green hydrogen production, electric vehicle charging stations, and microgrid applications, as well as industrial and defense applications. Dynapower is expected to generate over $100M in annualized revenue in 2022 with approximately 20% EBITDA margins, while averaging annual growth in excess of 30% through 2026. Through its rapid expected revenue growth, Dynapower is expected to represent more than 50% of the $500M of acquired revenue needed to reach Sensata's goal of $2B in Electrification revenue by 2026, as outlined in Sensata's recent Electrification Teach-In. Further to this, Sensata will enable Dynapower to increase its global exposure, invest in entry into new markets, and scale its business. Dynapower's capabilities strengthen Sensata's expertise in energy storage and power conversion across the commercial & industrial, and specialty mobility end markets.
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EGY | Hot Stocks05:25 EDT Vaalco Energy announces completion of Avouma 3H-ST development well - Vaalco Energy announced the completion of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. The initial flow rate of the well was approximately 3,100 gross barrels of oil per day, or BOPD, which was above VAALCO's internal expectations. This sidetrack well targeted existing high-quality Gamba hydrocarbons at the top of a structure that have not previously been produced by prior wells. This is the second successful well of Vaalco's 2021/2022 drilling campaign.
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MYNZ | Hot Stocks05:20 EDT Mainz Biomed appoints Darin Leigh as chief commercial officer - Mainz Biomed announced the appointment of Darin Leigh as chief commercial officer. Darin comes to the role with over 25 years of product lifecycle management and global commercial operations experience across Europe, the United States and Asia. More recently, as chief commercial officer at emergency medical services company CDR Health, Darin was part of the commercial team that delivered millions of dollars in new contracts as CDR scaled testing, vaccination and monoclonal antibody treatment services in response to the Covid-19 pandemic for the state of Florida.
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AMZN SFRGY | Hot Stocks05:11 EDT Amazon, Salvatore Ferragamo report belt counterfeiter to MSA in China - Amazon (AMZN) announced that its Counterfeit Crimes Unit, or CCU, worked closely with Salvatore Ferragamo (SFRGY) to report a counterfeiter of Ferragamo's Gancini belt to the Market Supervision and Administration, or MSA, authorities located in Yiwu City, Zhejiang Province, China. Following an investigation by the MSA and Amazon's CCU, officials raided the criminal's warehouse, seizing hundreds of counterfeit belts and buckle accessories that may otherwise have been sold through retail channels around the world. Amazon and Ferragamo will continue to assist law enforcement in investigating counterfeiters and preventing their products from entering the global supply chain, to help stop this illicit trade at the source.
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CHNG UNH | Hot Stocks04:49 EDT Change says UnitedHealth to sell ClaimsXten for $2.2B if deal closes - Change Healthcare (CHNG) disclosed last night that UnitedHealth Group (UNH) entered into an equity purchase agreement and related agreements relating to the sale of Change's claims editing business ClaimsXten to an affiliate of investment funds of TPG Capital for a base purchase price in cash equal to $2.2B. Consummation of the transaction is contingent on a number of conditions, including the consummation of the previously announced merger transaction pursuant to which UnitedHealth Group will acquire Change Healthcare. Change "believes that its merger with UnitedHealth Group will advance its ability to create products and services that improve the delivery of health care and reduce the high costs and inefficiencies of the health system, which the Company will share broadly with patients, providers, and payers."
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