Stockwinners Market Radar for April 27, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

SURF

Hot Stocks

20:07 EDT Cathie Wood's ARK Investment bought 137K shares of Surface Oncology today
GATO

Hot Stocks

20:05 EDT Gatos Silver announces temporary suspension of blasting permit at CLG mine - Gatos Silver "announced the temporary suspension of mine operations as a result of a temporary regulatory suspension of the explosive and blasting permit at the Cerro Los Gatos Mine, or CLG. The Mexican Ministry of Defense, who regulates all explosives permits in Mexico, temporarily suspended CLG's explosive and blasting permit on April 21, 2022, following a blasting incident during underground development activities where two blasts were detonated prematurely. There were no physical injuries as a result of the incident, and no significant damage to equipment or infrastructure. Gatos Silver considers the safety of our employees of critical importance, and a thorough investigation of CLG's blasting procedures is being conducted. The processing plant has continued to operate normally since April 21, 2022, and will shut down on April 28, 2022 for scheduled maintenance activities. Non-production related activities in the mine are continuing normally."
V

Hot Stocks

18:37 EDT Visa CEO: We are very happy with Q2 results - In an interview on CNBC's Mad Money, Alfred Kelly said the consumer is out spending and traveling. Across all verticals and most markets, with the exception of some Asian markets, the consumer is spending, he noted. He expects volumes to continue to do "quite well." The pandemic drove people to shop online and that will be sticky, he said. He is "positive the consumer will remain quite strong."
MAT

Hot Stocks

18:23 EDT Mattel CEO says 'all of our factories are fully operational' - Ynon Kreiz is speaking on CNBC's Mad Money.
F

Hot Stocks

18:03 EDT Ford says has 'very strong order bank' for new products - Expects $4B in commodity headwinds in FY22. Expects inflationary environment to continue through 2022. Says "will be as aggressive as we can" regarding pricing if commodities continue to increase. Says about 53,000 vehicles awaiting chips at end of Q1. Says demand for EVs at Ford "extremely robust." Says focused on improving productivity of base business. Says Argo self-driving unit keen on goods delivery.
HT

Hot Stocks

17:50 EDT Hersha Hospitality reports Q1 hotel portfolio occupancy of 58% - CEO Jay Shah says: "In addition to the continued outperformance of our resort markets, especially in March, we were very encouraged by the increased demand in our urban markets. Our portfolio registered a 31% increase in urban RevPAR in the back half of the month vs. the front half, and that demand has carried into April. While we delivered outsized growth across all of our urban portfolio, our biggest gains were in Philadelphia, Washington DC, and Manhattan. Ongoing dialogue with our corporate accounts indicates return to office and business travel should accelerate in the second quarter and will be further supplemented by renewed small group, as well as in person training programs. We expect these trends will drive further group and business transient demand during the summer."
HT

Hot Stocks

17:49 EDT Hersha Hospitality not providing FY22 guidance - The company states: "Due to the uncertainty surrounding the lodging industry stemming from the COVID-19 pandemic, the Company will forego providing full-year 2022 guidance at this time."
MAT

Hot Stocks

17:40 EDT Mattel says will not comment on press reports and speculation - Mattel Head of Investor Relations states: "We will not be commenting on press reports and speculation that have come out over the past 24 hours. We are focused on executing our strategy to grow Mattel's IP-driven toy business and expand our entertainment offering." Note: Last night, The Wall Street Journal reported that Mattel has held 'informal talks" with private equity firms that include Apollo Global Management and L Catterton about a potential sale.
AMGN

Hot Stocks

17:39 EDT Amgen receives notice of deficiency from IRS for 2013-2015 period - On April 18, Amgen received a notice of deficiency from the IRS for the 2013-2015 period proposing adjustments primarily related to the allocation of profits between certain of the Company's entities in the United States and the U.S. territory of Puerto Rico similar to those previously proposed by the IRS for the 2010-2012 period. This notice seeks to increase Amgen's U.S. taxable income for the 2013-2015 period by an amount that would result in additional federal tax of approximately $5.1 billion, plus interest. In addition, the notice proposes penalties of approximately $2 billion. Amgen firmly believes that the adjustments proposed by the IRS for the 2010-2015 period and the penalties proposed by the IRS for the 2013-2015 period are without merit: Puerto Rico is the site of the Company's flagship manufacturing complex responsible for the majority of Amgen's global manufacturing. Amgen has had a substantial manufacturing presence in Puerto Rico for 30 years, and the Company's Puerto Rico subsidiary produces sophisticated biologic medicines for millions of patients around the world. The many valuable contributions of the Company's Puerto Rico subsidiary include the effort and expertise of its 2,400 highly skilled staff members, the nearly $4 billion in capital investments it has made on the Island, the valuable assets it possesses, and the significant risks it has assumed in connection with its business. It is through these investments that Amgen has been able to meet the needs of every patient, every time. Amgen's allocation of profit between its U.S. and Puerto Rico entities appropriately recognizes the key contributions made by the Company's Puerto Rico subsidiary. The IRS position fails to adequately account for the importance of these value drivers. The proposed adjustments would result in Amgen's Puerto Rico subsidiary earning little or no profit from its operations despite the value of and risk associated with its contributions. The IRS audited Amgen at length for many years on the allocation of profit between the U.S. and Puerto Rico. These audits were resolved through agreements with the IRS, resulting in no financial statement detriment to the Company. Refer to Footnote 5, Income Taxes, in Amgen's 2007 and 2008 Form 10-K filings, and Footnote 4, Income Taxes, in Amgen's 2012 and 2013 Form 10-K filings. Further, the amount of the adjustments proposed by the IRS for the 2010-2015 period overstates by billions of dollars the magnitude of the dispute: Amgen believes, based upon the positions advanced by the IRS, that the IRS adjustments for the 2010-2015 period are overstated by approximately $2 billion due to the IRS failure to account for certain income and expenses. Amgen has reported its income and expenses in a consistent manner for many years and the IRS has appropriately accounted for the Company's income and expenses in all prior audits. Any additional tax that could be imposed for the 2010-2015 period would be reduced by up to approximately $3.1 billion of repatriation tax previously accrued with respect to the Company's Puerto Rico earnings. Amgen previously made advance tax deposits to the IRS totaling $1.1 billion for the 2010-2015 period. These deposits would further reduce any additional cash tax that could be imposed. In addition, Amgen believes the IRS assertion of approximately $2 billion in penalties for the 2013-2015 period is wholly unwarranted. Amgen has applied a consistent transfer pricing methodology since 2002, has documented that transfer pricing methodology as required under relevant tax regulations, and has extensively discussed that methodology with the IRS across multiple tax audits over multiple years. The IRS has never previously proposed transfer pricing penalties. Amgen believes that the Company has appropriate tax reserves. The Company filed a petition in the U.S. Tax Court in July 2021 to contest the adjustments previously proposed for the 2010-2012 period and plans to file another petition in the U.S. Tax Court to contest the adjustments proposed in the notice for the 2013-2015 period. Amgen will seek consolidation of the two periods into one case in Tax Court. The dispute is expected to take several years to resolve. The IRS is currently auditing the 2016-2018 period. Amgen expects the audit to continue for several years, and it is possible the 2010-2015 dispute will be resolved before the conclusion of the 2016-2018 audit and administrative appeals process. Any transfer pricing adjustments the IRS may propose for this period will be lessened by the change in tax rates resulting from the 2017 tax reform law, which reduced the difference between the tax rates applicable in the U.S. and Puerto Rico by approximately two thirds beginning in 2018.
FB

Hot Stocks

17:38 EDT Meta Platforms says still expects targeting, measurement headwinds from IOS 15 - Says global MAUs will be affected by shutdown in Russia. Says some of Russia MAUs are counted in Q1 numbers and they won't be in Q2. Says global MAUs will be flat to down sequentially.
MAT

Hot Stocks

17:37 EDT Mattel CEO says well positioned to meet consumer demand - CEO Ynon Kreiz says: "We expect the strong performance to continue with growth in the second quarter amplified by sales tied to the theatrical releases of Universal's Jurassic World and Minions as well as Disney and Pixar's Lightyear. We believe we are well positioned with owned and retail inventories to meet consumer demand for our products... As we begin second quarter, April POS has increased more than 25%, bringing year-to-date POS in line with expectations. While first quarter gross margin was down due to significant inflation, favorable foreign exchange, pricing, scale and cost savings helped mitigate the inflation impact." Comments taken from Q1 earnings conference call.
FB

Hot Stocks

17:28 EDT Meta Platforms says planning to slow the pace on some investments - Says goal is to generate sufficient operating growth to fund investment in Reality Labs. Says short form video is growing very quickly Says Reels makes up 20% of the time people spend on Instagram. Says more of Feed is recommended by AI. Says people will increasingly rely on AI-based discovery engines. Says focused on growing Reels. Says managing headwinds from signal loss. Says the next focus for metaverse will be glowing the community. Says best Horizon Worlds experience will be on virtual and eventually augmented reality platforms. Says working to improve ad situation. Comments taken from Q1 earnings conference call.
CSV

Hot Stocks

17:22 EDT Carriage Services sees rolling four-quarter revenue $380M-$390M - Sees adjusted EBITDA $128M-$134M and free cash flow of $82M-$86M.
HOMB

Hot Stocks

17:17 EDT Home Bancshares raises quarterly dividend to 16.5c from 14c per share - The dividend is payable June 8, 2022, to shareholders of record May 18, 2022.
MEOH

Hot Stocks

17:16 EDT Methanex increases share repurchase program to 10% of public float - Methanex approved an amendment to its existing Normal Course Issuer Bid originally announced on September 16, 2021 which increases the number of common shares that may be purchased under the Bid from 3,810,464 to 6,094,171, representing 10% of the public float at the time of the announcement of the Bid, and the maximum number of common shares that may be purchased under the Bid. To date, the company has repurchased 3,810,464 Shares under the Bid at a weighted average purchase price of $47.83 per share. Commencing May 2, the remaining shares under the amended Bid may be purchased on the open market through the TSX up to and including September 23. The company has received TSX approval of the amended Bid. No other terms of the Bid have been amended.
F

Hot Stocks

17:12 EDT Ford says accelerating transformation plan - Says will continue to be very aggressive in recruiting talent. Says crafting EV future product pipeline. Says EV designs will be progressive and won't be electric versions of current line up. Says persistent supply chain constraints continue to impact the business. Expects EVs to account for 50% of global sales by 2030. Comments taken from Q1 earnings conference call.
TSLA TWTR

Hot Stocks

17:10 EDT Musk says Twitter must be 'politically neutral' - Tesla (TSLA) founder Elon Musk, who agreed earlier this week to acquire Twitter (TWTR), said that for the platform to deserve public trust, it must be "politically neutral." Reference Link
MEOH

Hot Stocks

17:07 EDT Methanex raises quarterly dividend to 14.5c from 12.5c per share - The increased dividend will apply to the dividend payable on June 30, 2022 to holders of common shares of record on June 16, 2022.
TDOC

Hot Stocks

17:03 EDT Teladoc drops 35% to $36.20 after cutting FY22 guidance
CSCW

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16:56 EDT Color Star Technology receives extension to meet minimum bid price requirement - Color Star Technology received a letter from Nasdaq on April 26 notifying the company that it is eligible for an additional 180 calendar day period, or until October 24 to regain compliance with the Nasdaq's minimum $1 bid price per share requirement. The company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rules on October 27, 2021, and was given until April 25, 2022 to regain compliance. The company did not regain compliance with the minimum $1 bid price per share requirement during the first 180-calendar-day compliance period and has submitted the written notice of its intention to cure the deficiency during the second compliance period. If at any time before October 24, 2022, the bid price of the company's ordinary shares closes at or above $1 per share for a minimum of 10 consecutive trading days, the company will regain compliance with the Nasdaq Listing Rules, and the matter will be closed.
SVVC

Hot Stocks

16:50 EDT Firsthand Technology Value Fund reports NAV of $12.68 - Firsthand Technology Value Fund disclosed that its preliminary NAV, as of March 31, was $12.68. The fund further announced that its top five holdings as of March 31, were Revasum, IntraOp Medical, Wrightspeed, Hera Systems, and Pivotal Systems.
SQZ

Hot Stocks

16:49 EDT SQZ Biotechnologies gets FDA fast-track designation for SQZ-PBMC-HPV - SQZ Biotechnologies "announced that the FDA has granted Fast Track Designation for the company's lead cell therapy candidate, SQZ-PBMC-HPV, for the treatment of HPV16+ advanced or metastatic solid tumors. Data presented at the ESMO Immuno-Oncology Congress 2021 has shown that the company's lead APC cell therapy candidate induced radiographic, symptomatic and immune response as monotherapy in a post-checkpoint HPV16+ solid tumor patient. The company continues to enroll patients in its highest dose monotherapy cohort and is simultaneously enrolling patients for combination therapy in the company's Phase 1/2 SQZ-PBMC-HPV-101 clinical trial."
MRCY

Hot Stocks

16:49 EDT Mercury Systems announces expansion of trusted microelectronics capabilities - Mercury Systems, announces expansion of the Company's U.S. trusted microelectronics manufacturing capabilities. The Company was recently selected to provide secure packaging for the DoD's State-of-the-Art Heterogeneous Integrated Packaging program, which will also be performed at this facility.Dignitaries attending the event included Arizona Congressman Ruben Gallego (D) as well as CEO of the Arizona Chamber of Commerce, Danny Seiden. Both joined Tom Smelker, vice president and general manager of Mercury Microelectronics, for the ceremony, reception, and facility tour.
STAB

Hot Stocks

16:49 EDT Statera to sell naltrexone, met-enkephalin rights to Immune Therapeutics - Statera Biopharma announced that the company entered into a non-binding term sheet with respect to a strategic agreement with Immune Therapeutics, a drug development and commercialization company, to sell Statera's rights to naltrexone and met-enkephalin. The transaction is contingent upon negotiation of a definitive agreement and satisfaction of a number of closing conditions, including a contingency on Immune Therapeutics financing. Under the anticipated terms of the agreement, Statera will receive an initial $2M upfront payment and 5% of the issued and outstanding stock of Immune Therapeutics. Additionally, Statera will receive payments for achievement of revenue-based milestones, new indications and royalties, Crohn's disease and COVID-19 indications and regulatory approvals, as well as any other payments from Immune Therapeutics in exchange for Statera's rights to any product containing low-dose naltrexone as an active ingredient. Potential indication payments will include asthma, multiple sclerosis, HIV and chemotherapy. In aggregate, this transaction has the ability to generate over $400M in non-dilutive payments to Statera.
OPNT

Hot Stocks

16:46 EDT Opiant Pharmaceuticals announces results from OPNT003 study - Opiant Pharmaceuticals announced topline results from a pharmacodynamic study for OPNT003, nasal nalmefene, an investigational treatment for opioid overdose. This crossover study conducted in healthy volunteers compared three milligram, or mg, nasal nalmefene hydrochloride with four mg nasal naloxone hydrochloride in reversing respiratory depression produced by remifentanil, a synthetic opioid. The two study drugs were assessed by measuring changes in minute ventilation following administration of the respective study drug, with the primary endpoint at five minutes post administration. A preliminary analysis on the 50 subjects completing the study found that treatment with OPNT003, nasal nalmefene, produced a greater reversal of respiratory depression that was nearly twice that produced by nasal naloxone at five minutes. The increases in minute ventilation were 5.745 L/min and 3.011 L/min, with nalmefene and naloxone, respectively. OPNT003 met the primary endpoint of non-inferiority, which was designed to assess whether nasal nalmefene performed as well or better than nasal naloxone.
VAL

Hot Stocks

16:44 EDT Valaris announces sale of jackups VALARIS 113 and 114 for $125M - Valaris "announced that it has sold heavy duty modern jackups VALARIS 113 and 114 to ADES Saudi Limited for a total of $125M. VALARIS 113 and 114 are PPL Pacific Class 400 jackups, both delivered in 2012. Both rigs have been stacked in the Philippines since they completed their last contracts in late 2015."
SC STLA

Hot Stocks

16:43 EDT Santander Consumer USA, Stellantis agree on U.S. contract extension - Santander Consumer USA Holdings (SC) announced it has reached an agreement with FCA US LLC, Stellantis (STLA), to amend and extend the Master Private Label Financing Agreement through 2025. Under the Chrysler Agreement, which is nearing the end of its original 10-year term, SC has been the FCA US preferred provider for consumer loans, leases and dealer loans. This amendment extends the contract term through December 2025 and updates certain terms to allow SC to serve in a complementary role to Stellantis' recently launched captive finance company, Stellantis Financial Services US
ASGN

Hot Stocks

16:43 EDT ASGN CFO Ed Pierce to step down - ASGN "also announced that Executive Vice President and CFO, Ed Pierce, will be stepping down as CFO this coming August and will remain in a strategic role through the first quarter of 2023. As part of the Company's long-term succession planning, ASGN and its Board of Directors have selected Marie Perry, an accomplished CFO and proven finance industry leader, as Mr. Pierce's successor as CFO of the Company."
CLPT

Hot Stocks

16:41 EDT ClearPoint Neuro expands worldwide license, research agreement with Philips - ClearPoint Neuro announced expansion of their worldwide license and research agreement with Philips to include access to technology to enable surgical navigation using Computed Tomography, or CT. The design goal of the ClearPoint Maestro Brain Model for the operating room, or OR, is to enable highly accurate procedures with the ClearPoint platform, using CT for live navigation instead of MRI, while maintaining procedural step continuity to facilitate training and adoption.
TSE

Hot Stocks

16:39 EDT Trinseo records estimated liability of $36M in styrene monomer E.U. activity - The company states: "In 2018, a subsidiary of Trinseo received a Request for Information from the European Commission Directorate General for Competition related to styrene monomer commercial activity in the European Economic Area, as well as subsequent requests for information. Trinseo has fully responded to all information requests from the European Commission and continues to fully cooperate. As a result of further developments in this matter, in the first quarter of 2022, Trinseo recorded a reserve for an estimated liability of $36M."
ORLY

Hot Stocks

16:38 EDT O'Reilly Automotive CFO Tom McFall to step down, Jeremy Fletcher to succeed - Effective May 9, Tom McFall, O'Reilly's executive VP and CFO, will step down as CFO and continue his employment with the company in the role of executive VP, and at that time, Jeremy Fletcher, O'Reilly's senior VP of finance and controller, will be promoted to the position of executive VP and CFO.
YMAB

Hot Stocks

16:38 EDT Y-mAbs Therapeutics announces Dr. Claus Moller has stepped down as CEO - Y-mAbs Therapeutics announced the following executive management changes: Dr. Claus Moller has stepped down from his positions as Chief Executive Officer and Board Member effective immediately. Thomas Gad, the Company's Founder, Chairman and President has assumed the role of Interim CEO and Board Member. In addition, Mr. Gad has stepped down as Chairman and Dr. Jim Healy, current Board Member and Chair of the Compensation Committee, has been appointed as Chairman of the Board. The Board has begun a search for Dr. Moller's successor. Dr. Healy said, "On behalf of the Board, we thank Claus for his service and many accomplishments during his tenure as CEO. The Company has made great strategic, commercial, and operational progress. We wish Claus the very best. Claus has assembled a talented and highly capable leadership team, which will ensure continuity while we conduct a search for a permanent replacement."
AWK

Hot Stocks

16:38 EDT American Water names John Griffith CFO - American Water announced that John C. Griffith has been named Executive Vice President and Chief Financial Officer effective May 16, 2022. Griffith will assume the CFO duties from Susan Hardwick, who has served as the company's CFO since 2019. Hardwick was named American Water's President and Chief Executive Officer in February of this year. "We are thrilled to have John join American Water and our leadership team," said Susan Hardwick, president and CEO of American Water. "He brings more than 25 years of industry knowledge and expertise and has significant experience in strategy development, financial planning and analysis, capital markets, M&A and people leadership. John also knows our business and people very well, most recently serving as our advisor for the $1.3 billion sale of Homeowner Services. Working with our experienced finance and business development teams, John is the right leader to help deliver our financial plan and growth strategy, including increased acquisition activity and our accelerated capital plan."
CAKE

Hot Stocks

16:38 EDT Cheesecake Factory sees Q2-to-date SSS up 8.2% - The company states: "As of today, indoor dining capacity restrictions have been lifted for all of the Company's restaurants across all its concepts. Fiscal 2022 second quarter-to-date through April 26th comparable sales for The Cheesecake Factory restaurants increased approximately 8.2% year-over-year, supported by approximately 25% off-premise sales mix. The Company now expects to open as many as 15 to 16 new restaurants in fiscal 2022, including as many as four Cheesecake Factory restaurants, four to five North Italia restaurants, and as many as seven FRC restaurants, including three to four Flower Child locations. This includes a Flower Child which opened subsequent to first quarter-end in Fort Worth. In addition, in fiscal 2022 the Company expects one Cheesecake Factory restaurant to open internationally under a licensing agreement."
CF

Hot Stocks

16:33 EDT CF Industries raises quarterly dividend 33% to 40c per share - CF Industries Holdings reported that its board of directors has declared a $0.40 per share dividend on its common stock, a 33% increase compared to its prior quarterly dividend. The dividend will be payable on May 31, 2022, to stockholders of record as of May 16, 2022. "The dividend increase reflects our confidence in the Company's long-term free cash flow outlook and our commitment to return capital to shareholders," said Tony Will, president and chief executive officer, CF Industries Holdings, Inc.
CSGP

Hot Stocks

16:32 EDT CoStar Group says LoopNet had 'record-breaking' quarter for site traffic in Q1 - CoStar Group announced that LoopNet experienced a record-breaking quarter for site traffic in the first quarter of 2022. "Traffic is trending up and LoopNet is further establishing itself as the name brand for commercial real estate property searches among both tenants and investors," said David Mele, President of LoopNet. "We experienced an unprecedented start to 2022, following a strong 2021 in which the site's year-over-year direct traffic increased by 56%." January, February, and March of 2022 each recorded the highest traffic numbers in the network's history, totaling over 31,375,000 unique visitors for the quarter.
FBP

Hot Stocks

16:31 EDT First BanCorp announces $350M stock buyback, raises quarterly dividend 20% - First BanCorp announced that its Board of Directors approved the following capital actions: A stock repurchase program of up to $350 million of the Corporation's outstanding common stock that we expect to execute over the next four quarters; and the declaration of a quarterly cash dividend of $0.12 per share, which represents an increase of 20% or $0.02 per common share compared to its most recent dividend paid in March 2022. The dividend is payable on June 10, 2022 to shareholders of record at the close of business on May 25, 2022. "We are pleased to announce today that an increase in the quarterly cash dividend payment on our common stock and a new stock repurchase program has been approved by our Board of Directors, reflecting our confidence in our balance sheet and the strong capital position of the Corporation," said President and Chief Executive Officer Aurelio Aleman. "We maintain a disciplined and thoughtful approach to capital allocation, and we are committed to strategically deploying capital where we believe we can drive the greatest value to our shareholders. We believe our positive business momentum provides us with ample capacity to return capital to our shareholders while investing in our franchise and improving our competitive position in the markets we serve."
HP

Hot Stocks

16:30 EDT Helmerich & Payne sees FY22 gross CapEx $250M-$270M - Gross capital expenditures are still expected to be approximately $250 to $270 million; approximately 50% expected for maintenance, including tubular purchases, roughly 35% expected for skidding to walking conversions and approximately 15% for corporate and information technology. Ongoing asset sales include reimbursements for lost and damaged tubulars and sales of other used drilling equipment that offset a portion of the gross capital expenditures and are still expected to total approximately $45 million in fiscal year 2022.
FDS

Hot Stocks

16:29 EDT FactSet says Chief Technology and Content Officer Fernandez to leave - In a regulatory filing, FactSet Research Systems stated that on April 26, the company and Gene Fernandez entered into a separation agreement and general release of claims, under which Fernandez will remain in his current position as FactSet's Chief Technology and Content Officer until the earlier of August 31, or the appointment of his successor, will participate in an orderly transition of duties and will remain an employee of FactSet until his effective termination date of November 30.
SNPS

Hot Stocks

16:23 EDT Synopsys to acquire WhiteHat Security from NTT for $330M in cash - Synopsys announced that it has signed a definitive agreement to acquire WhiteHat Security, a provider of application security Software-as-a-Service. The addition of WhiteHat Security will provide Synopsys with significant SaaS capabilities and market-segment-leading dynamic application security testing technology to strengthen what is considered one of the industry's broadest application security testing portfolio. Synopsys and WhiteHat Security, which was acquired by NTT Security Corporation in 2019, share a vision for delivering SaaS-based security testing solutions and building security into the software development lifecycle. Under the terms of the transaction, Synopsys will pay approximately $330M in cash. The transaction is subject to regulatory review and customary closing conditions and is expected to close in Synopsys' fiscal Q3 2022. Based on its preliminary review, Synopsys currently expects the acquisition to be roughly neutral to FY2022 non-GAAP earnings per share.
DFS

Hot Stocks

16:21 EDT Discover raises quarterly dividend to 60c per share from 50c - The Board of Directors increased the quarterly dividend from $0.50 to $0.60 per share, and declared a quarterly cash dividend of $0.60 per share of common stock payable on June 9, 2022, to holders of record at the close of business on May 26, 2022.
PYPL

Hot Stocks

16:20 EDT PayPal CEO 'pleased' Q1 results exceeded guidance - President and CEO Dan Schulman said: "I'm pleased our first quarter results exceeded our guidance on revenue and earnings, and we continue to grow faster than the rate of ecommerce. We have much to be proud of but we know we can continue to do even better. We are fortunate to have the opportunity to shape the future of the digital economy by transforming financial services and commerce."
PYPL

Hot Stocks

16:17 EDT PayPal reports 2.4M net new active accounts added in Q1
PYPL

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16:17 EDT PayPal reports Q1 TPV $323B, up 13% and 15% on FXN basis
NOVA

Hot Stocks

16:15 EDT Sunnova Energy affirms FY22 adjusted EBITDA view of $117M-$137M - Affirms FY22 customer additions at 85K-89K.
FB

Hot Stocks

16:11 EDT Meta Platforms up 9% to $191.39 after Q1 earnings beat - Meta Platforms shares are up $16.44, or 9%, to $191.39 in after-hours trading.
EIG

Hot Stocks

16:11 EDT Employers Holdings board authorizes $50M increase to buyback program - On April 27, 2022, the Board of Directors authorized a $50M increase to its existing share repurchase program and extended the program's expiration to December 31, 2023. As a result of this action, the company currently has a remaining share repurchase authorization of $71.1M.
CHRW

Hot Stocks

16:10 EDT C.H. Robinson to 'continue to benefit from product and technology investments' - The company states: "As questions linger about the impact on global economic growth from the Russian invasion of Ukraine, higher energy prices and inflationary pressures, among other impacts, we believe that our global suite of multimodal services, our growing digital platform, and our resilient and flexible non-asset-based business model will continue to deliver strong financial results through the cycle. We will continue to benefit from our product and technology investments while delivering on opportunities to integrate our services to help our customers solve their complex global supply chain issues. We are uniquely positioned to orchestrate end-to-end supply chain success for our customers and to help them not only navigate uncertain market conditions, but to succeed in doing so. One of the core values we live by is to evolve constantly. To advance our industry leadership in a more digital environment, we are evolving to a product-led organization by reorienting the intersection of our growth strategy and our engineering and technology teams with the needs of our customers and carriers, and we'll continue to differentiate ourselves in the market by having great people that our customers can rely on. I'm excited by the initial results from the enhancements that were rolled out in February for our Navisphere Carrier product. We'll continue to build on our customer-centric commitment by continuing to invest in smart, customer and carrier-focused products, and we'll launch several new products that we believe will benefit our customers and carriers as we continue to build out the most powerful supply chain platform."
EIG

Hot Stocks

16:10 EDT Employers Holdings board increases quarterly dividend 4% to 26c per share
FB

Hot Stocks

16:10 EDT Meta lowers 2022 total expenses view to $87B-$92B - Meta said: "We expect 2022 total expenses to be in the range of $87-92 billion, lowered from our prior outlook of $90-95 billion. We expect 2022 expense growth to be driven primarily by the Family of Apps segment, followed by Reality Labs. We expect 2022 capital expenditures, including principal payments on finance leases, to be in the range of $29-34 billion, unchanged from our prior estimate. Absent any changes to U.S. tax law, we expect our full-year 2022 tax rate to be above the first quarter rate and in the high teens."
EIG

Hot Stocks

16:10 EDT Employers Holdings declares special dividend of $1.00 per share - The company said: "we declared a $1.00 per share special dividend, raised and declared a regular quarterly dividend of $0.26 per share and increased our existing share repurchase authorization by $50 million. Each of these actions reflect our strong capital position and our confidence in the Company's future operations." On April 27, 2022, the Board of Directors declared a regular quarterly dividend of $0.26 per share, an increase of 4% from the previous quarterly dividend of $ 0.25 per share. The regular dividend is payable on May 25, 2022 to stockholders of record as of May 11, 2022. On April 27, 2022, the Board of Directors also declared a special dividend of $1.00 per share. The special dividend is payable on June 15, 2022 to stockholders of record as of June 1, 2022.
CP

Hot Stocks

16:09 EDT Canadian Pacific reports Q1 operating ratio 70.9% vs. 60.2% a year ago - Adjusted OR increased by 1,130 basis points to 69.8%.
F

Hot Stocks

16:09 EDT Ford sees FY22 adjusted free cash flow $5.5B-$6.5B - Underlying assumptions for the 2022 guidance include: Improved semiconductor availability during the second half of the year. Full-year vehicle wholesale volumes increasing 10% to 15% from 2021. Continued strong pricing, though with a dynamic relationship between prices and vehicle volumes. Commodity costs up about $4 billion year-over-year, along with inflationary effects on a range of other expenses. EBT from Ford Credit that remains strong, but is lower than in 2021, and Ongoing investment in the Ford+ plan for growth and value creation.
FB

Hot Stocks

16:08 EDT Meta reports Facebook MAUs of 2.94B as of March 31, up 3% year-over-year - Meta Platforms reports family daily active people, or DAP, was 2.87 billion on average for March 2022, an increase of 6% year-over-year. Reports family monthly active people, or MAP, was 3.64 billion as of March 31, 2022, an increase of 6% year-over-year. Reports Facebook daily active users, or DAUs, were 1.96 billion on average for March 2022, an increase of 4% year-over-year. Facebook monthly active users, or MAUs, were 2.94 billion as of March 31, 2022, an increase of 3% year-over-year. Reports in the first quarter of 2022, ad impressions delivered across its Family of Apps increased by 15% year-over-year and the average price per ad decreased by 8% year-over-year.
FIX

Hot Stocks

16:08 EDT Comfort Systems USA raises quarterly dividend to 14c per share from 13c - Comfort Systems USA announced that its board of directors declared a quarterly dividend of 14c per share, which is a 1c increase from the company's most recent dividend, on Comfort Systems USA, Inc. common stock. The dividend is payable on May 27, 2022 to stockholders of record at the close of business on May 16, 2022.
F

Hot Stocks

16:08 EDT Ford: Scaling of EVs on track to 600,000 units by late 2023
NBR

Hot Stocks

16:07 EDT Nabors Industries trading resumes
F

Hot Stocks

16:07 EDT Ford continues to see FY22 adjusted EBIT $11.5B-$12.5B - Continues to anticipate full-year 2022 adjusted EBIT of $11.5 billion to $12.5 billion, up 15% to 25% from 2021, including improvement in operations outside North America.
FB

Hot Stocks

16:07 EDT Meta reports Facebook DAUs 1.96B on average for March, up 4% year-over-year
PINS

Hot Stocks

16:06 EDT Pinterest reports Q1 global MAUs down 9% y/y to 433M
CSWC

Hot Stocks

16:05 EDT Capital Southwest announces 15c per share special dividend - Capital Southwest announced its board of directors has declared a quarterly regular dividend of 48c per share and a special dividend of 15c per share for the quarter ended June 30.
CPHC

Hot Stocks

16:00 EDT Canterbury Park trading resumes
CPHC

Hot Stocks

15:58 EDT Canterbury Park trading halted, volatility trading pause
NBR

Hot Stocks

15:50 EDT Nabors sees increase in Lower 48 rig count of 6-7 rigs in Q2 over Q1 average - In U.S. Drilling, Nabors expects a Q2 increase in average Lower 48 rig count of 6 to 7 rigs over the first quarter average, Lower 48 adjusted gross margin per day of approximately $8,500, reflecting a significant increase in average daily revenue from the strengthening of our leading-edge dayrates, somewhat offset by higher labor expenses and inflation, and Offshore slightly above the first quarter levels and higher average dayrates in Alaska. CEO Anthony Petrello said, "Industry fundamentals in the Lower 48, and rig counts in particular, have improved dramatically over the last several quarters. Increasing utilization is driving improvement in our financial metrics and we are now on the path toward significant pricing power. With the backdrop of the constructive commodity price outlook, we expect Nabors' Lower 48 rig utilization and financial performance to accelerate materially over the balance of 2022. These prospects are augmented by growing adoption of our technology portfolio, which enables operators to improve their production profiles and limit their per-barrel costs. Given the positive signals coming from our international markets, we are poised for growth across the Company. That should enable us to make further progress improving our financial position."
NBR

Hot Stocks

15:40 EDT Nabors Industries trading halted, news pending
VUZI

Hot Stocks

14:54 EDT Vuzix teamd Swith Ohana One, a global surgical training nonprofit organization - Vuzix announced that it has collaborated with Ohana One, a global surgical training nonprofit organization whose mission is to cultivate high-quality surgical and anesthesia programs in developing areas around the world today, and TeleVU, an Ontario technology company offering innovative AR, AI and IoT solutions with a special focus on healthcare, to provide critical support to medical personnel in war-torn Ukraine. Doctors and other medical professionals there have been overwhelmed by the large number of military and civilian casualties encountered since Russia first invaded the country on February 24th. For its part, Vuzix has donated a number of M400 smart glasses, which will run TeleVU software and be administered through Ohana One's ongoing borderless mentor/mentee effort.
CVNA

Hot Stocks

14:39 EDT Carvana trading resumes
CVNA

Hot Stocks

14:33 EDT Carvana trading halted, volatility trading pause
SWX

Hot Stocks

14:27 EDT Southwest Gas says Moelis retained to advise on strategic alternatives process - Southwest Gas provided an update on the progress of the company's previously announced strategic alternatives process. As previously announced, the Southwest Gas board has formed a strategic transactions committee composed of independent directors, Anne Mariucci, Carlos Ruisanchez and Jane Lewis-Raymond, to lead a process to review all strategic alternatives available to maximize value for all Southwest Gas stockholders. The committee also today announced that it has retained Moelis & Company as advisor to the Committee as it evaluates all potential options, including soliciting and considering proposals from interested parties for a sale of the company or a sale of one or more of its business units, or the company's previously announced plan to spin-off Centuri. Lazard will continue to serve as financial advisor to Southwest Gas and will work closely with Moelis on the process. The Committee stated: "Our Committee was formed to lead the process with one singular objective - ensuring we maximize value for all of our stockholders. We are committed to obtaining full price discovery of all of the options available. With the depth and experience of the Moelis team, we have the resources to undertake our assignment to obtain maximum value for stockholders."
BYND

Hot Stocks

14:25 EDT Beyond Meat trading resumes
BYND MCD

Hot Stocks

14:23 EDT Beyond Meat up 19% after report says McDonald's sees McPlant as permanent add - Shares of Beyond Meat (BYND) were halted after jumping 19% to $42.38 following a Fast Company report that quotes a McDonald's (MCD) executive as having said the fast-food giant sees the McPlant burger, jointly developed with Beyond, as a permanent addition to its menus.
ATSPU

Hot Stocks

14:21 EDT Archimedes Tech SPAC Partners Company (Units) trading resumes
BYND

Hot Stocks

14:20 EDT Beyond Meat trading halted, volatility trading pause
CNI...

Hot Stocks

14:15 EDT North American rail traffic fell 5.8% for the week ending April 23 - The Association of American Railroads or AAR reported U.S. rail traffic for the week ending April 23. For this week, total U.S. weekly rail traffic was 498,011 carloads and intermodal units, down 7.4 percent compared with the same week last year. Total carloads for the week ending April 23 were 229,044 carloads, down 4.5 % compared with the same week in 2021, while U.S. weekly intermodal volume was 268,967 containers and trailers, down 9.8% compared to 2021. Two of the 10 carload commodity groups posted an increase compared with the same week in 2021. They were motor vehicles and parts, up 1,939 carloads, to 13,250; and farm products excl. grain, and food, up 655 carloads, to 16,260. Commodity groups that posted decreases compared with the same week in 2021 included coal, down 6,010 carloads, to 57,894; grain, down 2,351 carloads, to 23,106; and metallic ores and metals, down 1,959 carloads, to 22,259. North American rail volume for the week ending April 23, on 12 reporting U.S., Canadian and Mexican railroads totaled 328,525 carloads, down 3.5% compared with the same week last year, and 357,139 intermodal units, down 7.8% compared with last year. Total combined weekly rail traffic in North America was 685,664 carloads and intermodal units, down 5.8%. North American rail volume for the first 16 weeks of 2022 was 10,673,122 carloads and intermodal units, down 4 percent compared with 2021. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC) Union Pacific (UNP) Trinity Industries Greenbrier FreightCar America (RAIL) and Wabtec (WAB).
ATSPU

Hot Stocks

14:11 EDT Archimedes Tech SPAC Partners Company (Units) trading halted, volatility trading pause
TTE

Hot Stocks

13:42 EDT TotalEnergies to book $4.1B impairment in Q1 for Arctic LNG 2 project - TotalEnergies noted that on March 22, the company announced that, given the uncertainty created by the technological and financial sanctions on the ability to carry out the Arctic LNG 2 project currently under construction and their probable tightening with the worsening conflict, TotalEnergies SE had decided to no longer book proved reserves for the Arctic LNG 2 project. Since then, on April 8, new sanctions have effectively been adopted by the European authorities, notably prohibiting export from European Union countries of goods and technology for use in the liquefaction of natural gas benefitting a Russian company. "It appears that these new prohibitions constitute additional risks on the execution of the Arctic LNG 2 project. As a result, TotalEnergies has decided to record in its accounts, as of March 31, 2022, an impairment of $4.1B, concerning notably Arctic LNG 2," the company stated.
TWTR...

Hot Stocks

13:15 EDT Musk says Truth Social exists 'because Twitter censored free speech' - Elon Musk, the founder of Tesla (TSLA), who has agreed to a deal to acquire Twitter (TWTR), said in a tweet: "Truth Social (terrible name) exists because Twitter censored free speech". Digital World Acquisition (DWAC) is the blank-check company that has agreed to a deal to bring former president Donald Trump's Truth Social public via a proposed merger with Trump Media & Technology Group. Reference Link
IVZ

Hot Stocks

12:23 EDT Invesco REIT acquires self-storage property, terms not disclosed - Invesco Real Estate Income Trust announced it acquired a 100% interest in a 52,275 square foot, 491-unit self-storage facility located at 3975 University Parkway in Winston-Salem, North Carolina. Developed in 2008, the climate-controlled property is 99.1% leased and located less than 1.5 miles away from Wake Forest University. Winston-Salem has a growing population and is home to the headquarters of notable corporations, including Hanes Brands, Krispy Kreme Doughnuts, and Lowes Foods.
RELI

Hot Stocks

12:16 EDT Reliance Global acquires Barra & Associates for $7.5M - Reliance Global Group announced it has acquired Barra & Associates, a provider of both personal and commercial insurance products, including property and casualty insurance, life insurance, health insurance and other insurance products. The Company acquired Barra & Associates for approximately, $7.5M, comprised of cash and debt. Following the transaction, Grant Barra, founder and CEO of Barra & Associates, will continue to oversee the Barra & Associates subsidiary, as well as other senior responsibilities within the Company.
TWTR DWAC

Hot Stocks

12:14 EDT Digital World jumps after Musk highlights Truth's App Store top spot - Shares of Digital World Acquisition (DWAC), the blank-check company that has agreed to a deal to bring former president Donald Trump's Truth Social public, are soaring after Elon Musk last night tweeted out a screen shot showing that Truth Social is the top free app on the Apple Store, besting Twitter (TWTR) at number two and TikTok at five. Shares of Digital World Acquisition, which had been falling following Musk's agreement to acquire Twitter, are up 20%, or $8.06, to $48.86 in midday trading.
PCOR VVNT

Hot Stocks

12:07 EDT Procore appoints Joy Durling as chief data officer - Procore Technologies (PCOR) announced Joy Durling as its first-ever chief data officer. Joy will lead Procore's data-as-a-product strategy, as well as all information technology, data intelligence, and product and information security, the company said in a statement. She will join Procore's executive leadership team and report to founder, President and CEO, Tooey Courtemanche. Most recently, Joy served as executive vice president and chief information officer at Vivint (VVNT).
KOLD

Hot Stocks

12:01 EDT ProShares UltraShort Bloomberg Natural Gas falls -10.8% - ProShares UltraShort Bloomberg Natural Gas is down -10.8%, or -$1.07 to $8.85.
SPOT

Hot Stocks

12:01 EDT Spotify falls -11.2% - Spotify is down -11.2%, or -$12.40 to $98.01.
NCR

Hot Stocks

12:01 EDT NCR Corp. falls -24.1% - NCR Corp. is down -24.1%, or -$9.02 to $28.34.
SMHI

Hot Stocks

12:00 EDT SEACOR Marine Holdings rises 13.4% - SEACOR Marine Holdings is up 13.4%, or 89c to $7.54.
GLS

Hot Stocks

12:00 EDT Gelesis rises 13.6% - Gelesis is up 13.6%, or 60c to $5.04.
MSC

Hot Stocks

12:00 EDT Studio City rises 35.7% - Studio City is up 35.7%, or $1.50 to $5.70.
CTEK

Hot Stocks

11:34 EDT CynergisTek signs two contracts totaling $416,000 - CynergisTek increases its IT Audit and Privacy professional services support for a global leader in medical device manufacturing and a Real Estate Investment Trust Firm located in the Midwest. CynergisTek has signed two contracts totaling $416k to support both clients with professional services. There was a 37% increase to the medical device manufacturer's contract for expanded, ongoing data protection and privacy risk advisory support services. CynergisTek's IT Audit Group has also signed a six-figure contract with a real estate investment firm to provide IT General Computer Control Audit services, which will provide the client with high-level assessments of their IT system operations and security controls, as well as recommendations for functional improvement.
GWW

Hot Stocks

11:20 EDT Grainger increases quarterly dividend by 6% to $1.72 per share - W.W. Grainger announced that its board of directors approved a quarterly cash dividend of $1.72 per share, an increase of 6 percent from the dividend paid in March 2021. The dividend is payable on June 1, 2022 to shareholders of record on May 9, 2022. Grainger has delivered 51 consecutive years of increased dividends.
GD

Hot Stocks

11:17 EDT GDIT awarded $661.6M digital modernization contract for the EPA - General Dynamics Information Technology announced that it was awarded the Environmental Protection Agency Managed Application, Infrastructure, Networking, Enterprise, and Security Services task order by the General Services Administration Federal Systems Integration and Management Center. The task order, awarded in first-quarter 2022, has a total value of $661.6 million with a one-year base plus six one-year option periods. FDIT will provide a full range of services under the EPA MAINES task order to develop and operate the EPA's enterprise IT infrastructure and application platforms. Services will include cloud computing, application platform management, enterprise network and security operations, enterprise identity access management, and cybersecurity.
BZFD

Hot Stocks

11:03 EDT BuzzFeed announces new products at 'first-ever' upfront event - BuzzFeed announced new products spanning BuzzFeed Entertainment, BuzzFeed News, HuffPost, Tasty, Complex and First We Feast at its "first-ever" upfront event in Manhattan. "Just a few months after going public and acquiring Complex Networks, I'm excited to begin to share BuzzFeed, Inc.'s expanding story with the advertising community: ad solutions for vertical-first platforms like Reels and TikTok, two massive food brands that combine utility and entertainment, world-class news divisions, and unmatched influence and scale. We're beginning to realize the benefits of the strategy we set out to pursue last year, and I'm thrilled to extend those to our advertising partners," said BuzzFeed Founder and CEO Jonah Peretti. BuzzFeed Chief Revenue Officer Edgar Hernandez added: "The new BuzzFeed, Inc. offers advertisers influence at scale. And we're tackling the challenges everyone is seeing in the market today: leveraging reliable audience data, navigating the world of influencers and creators; and leaning into the platforms and formats our audience is going to next."
BA

Hot Stocks

11:03 EDT Boeing continues to see stable demand in defense and space
DUK

Hot Stocks

10:53 EDT Duke Energy invests in two renewable natural gas projects in North Carolina - Duke Energy announced its investment in two projects to convert landfill gas from two North Carolina landfills into renewable natural gas. The two projects, named Foothills Renewables and Upper Piedmont Renewables, will be located in Caldwell County and Person County, respectively. Renewable natural gas is derived from the methane contained in landfill gas resulting from the breakdown of organic waste, which is processed to remove contaminants in order to meet natural gas pipeline quality standards. Each project is projected to produce roughly 500,000 dekatherms of renewable natural gas each year. The combined 1 million Dth is equivalent to the average annual natural gas usage of nearly 17,000 residential customers in North Carolina. Both landfill projects are being developed by Evensol LLC, which develops and acquires renewable fuels-based assets in the biomass, biogas and biofuels sectors. Energyneering Solutions LLC, which specializes in the design, construction and operation of biogas utilization projects, will build and operate the facilities. While some of the RNG produced by the two projects will be transported by infrastructure owned and operated by Duke Energy's Piedmont Natural Gas unit, the RNG will be sold to third-party customers and will not be purchased or used by Duke Energy. The landfill projects are already under construction and are expected to be operational in the fourth quarter of 2022.
JCSE

Hot Stocks

10:51 EDT JE Cleantech Holdings Ltd trading resumes
BA

Hot Stocks

10:49 EDT Boeing sees path to restart 787 deliveries in near-term
MDT

Hot Stocks

10:48 EDT FDA warns of airway obstruction with Medtronic electromyogram tubes - The Food and Drug Administration said it is evaluating the potential risk of airway obstruction when using silicone-based electromyogram endotracheal tubes from Medtronic. The FDA has received reports describing serious adverse events and deaths for these devices after airway obstruction and ventilation failure. If the tube does not ventilate properly, patients may suffer oxygen deprivation, brain damage, or death, the agency said in a statement. Reference Link
BA

Hot Stocks

10:48 EDT Boeing: Freighter market remains 'quite robust'
JCSE

Hot Stocks

10:46 EDT JE Cleantech Holdings Ltd trading halted, volatility trading pause
BA

Hot Stocks

10:45 EDT Boeing CEO Calhoun 'feels good' about recent talent transitions
BA

Hot Stocks

10:40 EDT Boeing decision to extend 777-9 into 2025 made 'out of a position of strength'
BA

Hot Stocks

10:35 EDT Boeing sees 'meaningful' improvement in cash flow in 2023 - Sees positive free cash flow over the course of 2022, meaningful improvement in 2023.
PMVP

Hot Stocks

10:34 EDT PMV Pharmaceuticals to present initial PC14586 Phase 1 data at ASCO - PMV Pharmaceuticals announced that initial clinical data from the Phase 1 dose-escalation portion of the ongoing Phase 1/2 study evaluating PC14586 have been selected for oral presentation at the 2022 American Society of Clinical Oncology, or ASCO, Annual Meeting, to take place June 3-7.
BA

Hot Stocks

10:34 EDT Boeing CEO says technical team supporting NTSB in 737-800 crash - Boeing CEO Dave Calhoun says the company is in the "middle" of the investigation, in which a 737-800NG plane flown by China Eastern Airlines carrying 132 people crashed in China's southwestern province of Guangxi in March. Comments taken from Q1 earnings conference call.
LVTX

Hot Stocks

10:25 EDT Lava Therapeutics to present updated LAVA-051 clinical data at ASCO - Lava Therapeutics announced the company will present updated interim data from the dose escalation phase of the ongoing Phase 1/2a clinical trial of LAVA-051 in patients with relapsed or refractory chronic lymphocytic leukemia, or CLL, and multiple myeloma, or MM, at the 2022 American Society of Clinical Oncology, or ASCO, Annual Meeting taking place in Chicago and virtually June 3-7.
JAGX

Hot Stocks

10:24 EDT Jaguar Health announces commercial availability of Canalevia-CA1 - Jaguar Health, under its Jaguar Animal Health tradename for the veterinary market, announced that Canalevia-CA1, the company's prescription drug product for the treatment of chemotherapy-induced diarrhea in dogs, is now available from multiple leading veterinary distributors in the U.S. Canalevia-CA1 received conditional approval from the FDA on December 21, 2021.
AWK

Hot Stocks

10:21 EDT American Water increases dividend 8.7% to 65.5c per share - American Water Works announced that its board of directors increased its quarterly cash dividend payment from 60.25c to 65.5c per share, an increase of 8.7%. The increased quarterly dividend will be payable on June 1, to all shareholders of record as of May 10. The company said it expects to continue its dividend growth at the high end of a 7%-10% range over the long term, with a target dividend payout ratio of between 55%-60% of earnings. "American Water continues to be an industry leader in dividend growth, which is a result of our continued successful execution of key strategic initiatives. We recognize the value of our long history of dividend growth and the role it has played in delivering exceptional shareholder value," said Susan Hardwick, president, CEO and CFO of American Water.
ODFL

Hot Stocks

10:17 EDT Old Dominion: Month to-date revenue per day has increased 28% vs. last year - Comments taken from Q1 earnings conference call.
ELEV

Hot Stocks

10:06 EDT Elevation Oncology says initial data from Phase 2 CRESTONE study coming at ASCO - Elevation Oncology announced that its abstract highlighting initial data from patients in Cohort 1 of the ongoing Phase 2 CRESTONE study was selected for oral presentation at the upcoming American Society of Clinical Oncology, or ASCO, Annual Meeting, being held June 3-7. CRESTONE is a tumor-agnostic clinical trial evaluating seribantumab in patients with solid tumors that harbor an NRG1 fusion and have progressed after at least one prior line of standard therapy. "We believe seribantumab has the potential to be a best-in-class and differentiated therapy for patients with tumors that harbor NRG1 gene fusions, and we are pleased to have the opportunity to share data with the medical community through an oral presentation at the American Society of Clinical Oncology 2022 Annual Meeting. These genomically defined patients are particularly underserved with no approved targeted therapies currently available. We look forward to presenting initial clinical data from our ongoing Phase 2 clinical trial evaluating seribantumab's ability to address the underlying drivers of tumor growth in this difficult-to-treat patient population," said Shawn M. Leland, PharmD, RPh, Founder and CEO of Elevation Oncology.
PCYG

Hot Stocks

10:03 EDT Hempler Foods chooses ReposiTrak to bolster compliance management - Hempler Foods Group is using the ReposiTrak Compliance Management Solution to ensure their suppliers meet all specifications for ingredients, packaging and services required by SQF and the USDA. Retailers, suppliers and wholesalers have trusted ReposiTrak's robust solution suite to help reduce risk and remain in compliance with regulatory requirements, enhance operational controls and increase sales with unrivaled brand protection for more than 20 years.
BAESY

Hot Stocks

10:01 EDT BAE Systems awarded $2.8M contract from the Air Force Research Laboratory - BAE Systems has been awarded a $2.8 million, three-year contract from the Air Force Research Laboratory to develop a new approach to defeat adversaries: by overwhelming them with complexity. As part of the Complexity Modeling in Multiple Domains program, BAE Systems will develop highly complex models to capture the "decision calculus" of an adversary, provide an estimate of how different attacks will affect their ability to respond, and ultimately drive them to the point of indecision.
FRGE

Hot Stocks

10:00 EDT Forge Global falls -9.3% - Forge Global is down -9.3%, or -$1.71 to $16.75.
RES

Hot Stocks

10:00 EDT RPC, Inc. falls -9.8% - RPC, Inc. is down -9.8%, or -$1.05 to $9.70.
NCR

Hot Stocks

10:00 EDT NCR Corp. falls -19.3% - NCR Corp. is down -19.3%, or -$7.19 to $30.16.
JBT

Hot Stocks

10:00 EDT John Bean Technologies rises 12.0% - John Bean Technologies is up 12.0%, or $12.27 to $114.74.
MSC

Hot Stocks

10:00 EDT Studio City rises 13.1% - Studio City is up 13.1%, or 55c to $4.75.
SMHI

Hot Stocks

10:00 EDT SEACOR Marine Holdings rises 14.0% - SEACOR Marine Holdings is up 14.0%, or 93c to $7.58.
GD

Hot Stocks

09:56 EDT General Dynamics says does not expect margin compression due to increased costs - Says no change to capital deployment priorities. Says M&A "always opportunistic."
DAN

Hot Stocks

09:47 EDT Dana falls -8.4% - Dana is down -8.4%, or -$1.24 to $13.61.
SPOT

Hot Stocks

09:47 EDT Spotify falls -8.7% - Spotify is down -8.7%, or -$9.66 to $100.75.
NCR

Hot Stocks

09:47 EDT NCR Corp. falls -25.0% - NCR Corp. is down -25.0%, or -$9.32 to $28.03.
WNC

Hot Stocks

09:47 EDT Wabash rises 9.9% - Wabash is up 9.9%, or $1.37 to $15.20.
CSTM

Hot Stocks

09:47 EDT Constellium rises 10.1% - Constellium is up 10.1%, or $1.58 to $17.23.
DLNG

Hot Stocks

09:47 EDT Dynagas LNG rises 10.6% - Dynagas LNG is up 10.6%, or 32c to $3.34.
NI

Hot Stocks

09:42 EDT NiSource chief experience officer Violet Sistovaris to retire - NiSource announced that EVP and Chief Experience Officer Violet Sistovaris is retiring after 28 years with the company. Violet joined NiSource in 1994 after being recruited from Centier Bank, where she served as vice president, training and development. Violet will remain with the company until July 1 while a national search is underway for her replacement.
UEEC

Hot Stocks

09:40 EDT United Health Products says completed FDA requests for PMA application - United Health Products provided an update on its FDA regulatory process and other matters. The company said, "As previously disclosed in the company's Form 10-K, the U.S. Food & Drug Administration requested in late January 2022 that the responses submitted by UHP to previous FDA questions be incorporated into its full Premarket Approval application and that the application be reformatted to conform to the FDA's "eSubmitter" online format. On April 20, 2022, UHP completed these tasks and there are currently no requests outstanding from the FDA. As is customary, the company and its regulatory consultant have requested a meeting within the next 30 days with the committee responsible for reviewing its PMA application. There can be no assurance that the PMA application will be approved. In an effort to support the people of Ukraine and those working to defend the country against the Russian invasion, UHP is donating 10,000 units of its HemoStyp hemostatic gauze to aid with much needed civilian and military medical care. UHP, with donations from certain of its existing shareholders, has partnered with a U.S. based charitable relief organization and will deliver an initial 4,000 units in the coming days and the remainder as the packaging and sterilization process is complete. UHP is proud to be able to bring some measure of comfort and relief to the victims of Russia's brutal aggression, and continues to pursue commercial avenues to deliver its HemoStyp hemostatic products to this region. "
ATXS

Hot Stocks

09:40 EDT Astria Therapeutics trading resumes
PBIO

Hot Stocks

09:38 EDT Pressure BioSciences announces EAP for UST nanoemulsion processing - Pressure BioSciences announced the initiation of an Early Access Program for the use of its revolutionary Ultra Shear Technology platform for the processing of oil-based active ingredients into highly stable, water soluble, long-term stable nanoemulsions. In September 2021, and reinforced several times since, the Company announced plans for the commercialization of its revolutionary UST platform. Under this plan, commercialization activities are to begin with the opening of two fee-for-service, GMP-compliant tolling centers in the 2022 fourth quarter. These centers are to be located in the Boston and San Francisco areas. Good progress continues to be made in this effort.
ALKS

Hot Stocks

09:37 EDT Alkermes jumps 11% to $30.23 following Q1 beat
LUMN

Hot Stocks

09:36 EDT Lumen to bring upgraded Ethernet services to over 40 cities by year end - Lumen Technologies is enhancing experiences on its Lumen Platform by investing in high-bandwidth Ethernet architecture to bring upgraded Ethernet services to more than 40 cities by year end. These services were recently rolled out in nine cities with nine more gaining access to Ethernet speeds up to 30 gigabits per second in early May.
WH

Hot Stocks

09:35 EDT Tishman Realty, Cross Lake acquire Wyndham Grand Orlando Bonnet Creek - Tishman Realty and Cross Lake Partners announced they have acquired the Wyndham Grand Orlando Bonnet Creek, a 400-room upper upscale hotel located at 14651 Chelonia Parkway in Orlando, Florida. The seller of the hotel was Wyndham Hotels & Resorts. HEI Hotels & Resorts will assume property management of the hotel which was previously managed by the seller. Built in 2011, the 14-story full-service hotel consists of 400 guestrooms, 50,000sf of event space, a resort spa, a fitness center, and multiple food and beverage outlets. The hotel is situated in Bonnet Creek, a private development of four hotels bordered by Walt Disney World on three sides. The hotel is located within two miles of Disney's Hollywood Studies, Epcot, and the Disney Springs entertainment and retail emporium and in close proximity to the other major theme parks including Disney's Magic Kingdom and Universal Studios.
UDMY

Hot Stocks

09:34 EDT Udemy announces final IPO lock-up release - In connection with the initial public offering of common stock of Udemy, all of the company's directors, executive officers and holders of substantially all of the company's equity securities outstanding prior to the IPO entered into lock-up agreements with the underwriters for the IPO to restrict their ability to sell or transfer shares of the company through April 26, 2022, subject to certain exceptions. Pursuant to the expiration of these lock-up agreements in accordance with their terms, 124,380,752 shares of the company's common stock became eligible for sale in the public market at the open of trading on April 27, subject to any trading limitations on shares held by affiliates of the company, continued vesting of any unvested equity awards as of such date, and any of the company's insider trading or other policies.
BX

Hot Stocks

09:33 EDT APT announces $50M commitment to NJ workforce development - Atlantic Power Transmission announces a $50 million commitment to workforce development in New Jersey. The commitment contributes towards creating a workforce hub for the burgeoning offshore wind industry in the Northeast region and the state, addressing one of the recommendations outlined by the New Jersey Offshore Wind Strategic Plan. APT remains committed to this smart, coordinated approach at this critical early stage in the development of the nation's offshore wind market. APT will initiate this investment into the New Jersey workforce upon award of its bids to provide transmission supporting the delivery of 3,600MW of offshore wind power to the existing electrical grid under the New Jersey Offshore Wind SAA Transmission Solicitation initiated by the New Jersey Board of Public Utilities and PJM Interconnection. This funding commitment of $50 million over ten years will support workforce development investment in New Jersey's education, training, and research institutions.
EVC

Hot Stocks

09:30 EDT Entravision to acquire advertising sales partner of TikTok Jack of Digital - Entravision announced that it has entered into a definitive agreement to acquire a strategic stake in Jack of Digital, a digital marketing services company that serves as the exclusive advertising sales partner of TikTok in Pakistan. With this investment, Entravision will expand its commercial partnership reach acrossthe South Asian region. Founded in 2020 by ad tech and marketing industry veteran Faisal Sheikh,Jack of Digital specializes in international platform partnerships with someof the world's top advertising, marketingand data platforms. With stronglocal leadership experience in Pakistan, Jack of Digital provides marketing and communication, advertising sales and relationship management services to a growing client base. Jack of Digital maintains exclusive advertising and data sales representations in Pakistan with short-form video platform TikTok, full-stack programmatic platform Eskimi, app entertainment tool SHAREit and ad fraud protection service Spider AF.
ATXS

Hot Stocks

09:30 EDT Astria Therapeutics trading halted, volatility trading pause
HAS

Hot Stocks

09:26 EDT Hasbro holder Alta Fox expresses dissatisfaction with Hasbro board - Alta Fox Capital Management, beneficial owner of approximately 2.5% of the outstanding shares of Hasbro announced that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with Hasbro's 2022 Annual Meeting of Shareholders. Alta Fox disclosed in its materials that it has reduced its slate to three director candidates after taking into account Hasbro's recent expansion of its Board of Directors, the Company's most pressing needs and feedback from other shareholders. In addition, Alta Fox sent the below letter to shareholders. "Alta Fox Capital Management is a top 10 shareholder of Hasbro ), signaling our strong alignment with you and all of the Company's stakeholders. We own approximately 2.5% of Hasbro's outstanding shares because we believe it is an iconic American brand with attractive assets and tremendous value creation potential. We intend to be a long-term shareholder of Hasbro and are fully committed to taking the necessary steps to help finally unlock that potential. Unfortunately, Hasbro's high-quality assets have failed to deliver on their promise under the current Board of Directors . The Company has been a chronic underperformer and currently trades at a significant discount to its intrinsic value. In fact, its share price is materially lower today than it was five years ago, making it a troubled investment for many of its shareholders. In our view, Hasbro's stagnation and poor shareholder returns are largely due to an arrogant, insular and ineffective Board. For too long, a group of seemingly unqualified directors has presided - without sufficient accountability - over abysmal capital allocation, excessive executive compensation, highly concerning governance, opaque disclosures and a flawed corporate structure.
HOG

Hot Stocks

09:25 EDT Harley-Davidson says expects supply constraints to continue going forward - Says worked through significant supply chain constraints. Says expects constraints to continue. Says HDMC revenue growth of 6% driven by global motorcycle pricing and growth across P&A and apparel businesses. Says HDFS Operating Income decline of 27% driven by the significant loss reserve release in 2021 and normalization of losses in-line with expectations. Says merger transaction between LiveWire and AEA-Bridges Impact Corporation on track to close in mid-2022. Says global motorcycle pricing and volume growth in P&A offset the negative impact from product mix and FX. Comments taken from Q1 earnings conference call.
GD

Hot Stocks

09:21 EDT General Dynamics says supply chain issues in 'nuisance category' - Expects more supply chain problems later in year. Says good order activity in Q1 and good prospects going forward. Expects lower corporate expenses for remainder of year. Sees FY22 CapEx about 2.5% of sales. Says G700 certification may be delayed 3-6 months due to FAA checks of software. Says still targeting certification in Q4. Comments taken from Q1 earnings conference call.
GDS

Hot Stocks

09:21 EDT GDS Holdings, YTL partner on 168MW data center development - YTL Power International Berhad and GDS Holdings signed a partnership to co-develop 168MW of data center capacity, across 8 individual data center facilities, at the upcoming YTL Green Data Center Park in Johor, Malaysia. The first phase of the co-development will enter service in 2024. YTL Green Data Center Park is a visionary project initiated by YTL Data Center Holdings, a wholly-owned subsidiary of YTL Power. Located in Kulai, Johor, approximately 30 kilometres from the cities of Johor Bahru and Singapore, it will comprise 500MW of total data center capacity integrated with an equivalent amount of solar power generation. It is the first hyperscale data center campus in Malaysia to be powered by on-site renewable energy. Separate from the co-development with GDS, construction of 72MW of capacity has already commenced on site for other hyperscale customers. With 275 acres dedicated toward data center development, YTL Green Data Center Park in Johor is expected to serve a growing demand in the region for sustainable and cost efficient data center solutions. GDS's presence at the YTL Green Data Center Park will complement its previously announced hyperscale data center projects at Nusajaya Tech Park, Johor and Nongsa Digital Park, Batam, Indonesia.
CLVR

Hot Stocks

09:19 EDT Clever Leaves Germany becomes fully licensed medical cannabis distributor - Clever Leaves Holdings announced that its affiliate in Germany, Clever Leaves Germany GmbH, has received all of the required regulatory licenses, permits and certifications by the German authorities to be able to disibute medical cannabis to wholesalers and around 20,000 pharmacies located in Germany. The Company's licenses, permits, and certifications in Germany include: Wholesale distribution license granted according to Section52a under the German Medicinal Products Act; Certificate of Good Distribution Practice; Permit for the trade in narcotic drugs as per Section3 of the German Narcotic Drugs Act.
YTEN

Hot Stocks

09:18 EDT Yield10 Bioscience appoints Willie Loh as special commercial, technical advisor - Yield10 Bioscience named Willie Loh, Ph.D., as a special advisor to the Board of Directors and Management of the Company, effective immediately. Dr. Loh previously served as Vice President, Market Development, Global Edible Oils Division at Cargill Incorporated, the global food and agriculture company.
HUIZ

Hot Stocks

09:17 EDT Huize files 2021 annual report - Huize Holding announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission on April 27, 2022.
RNGTF

Hot Stocks

09:17 EDT Osisko Development announces results from annual, special meeting - Osisko Development Corp. announces that, at the annual and special meeting of shareholders held on April 26, 2022, each of the 6 nominees listed in the management information circular filed on April 4, 2022 with the regulatory authorities were elected as directors of the Corporation. Based on the proxies received, PricewaterhouseCoopers, LLP, Chartered Professional Accountants, was appointed as independent auditor of the Corporation for the ensuing year and the directors are authorized to fix its remuneration. Based on the proxies received with respect to the adoption of an ordinary resolution to approve the Corporation's existing Stock Option Plan. Based on the proxies received with respect to the adoption of a special resolution authorizing an amendment to the articles of the Corporation to effect a consolidation of the issued and outstanding common shares of the Corporation for a number to be determined within a range of two and three pre-consolidation common shares and authorizing the directors of the Corporation to determine the final consolidation ratio within such range. Following the annual and special meeting of shareholders of the Corporation, the Board of Directors determined to consolidate its common shares on a 3 for one basis, subject to the receipt of all necessary approvals.
DUK

Hot Stocks

09:16 EDT Duke Energy and Purdue University to explore nuclear power source for campus - Duke Energy and Purdue University plan to jointly explore the feasibility of using advanced nuclear energy to meet the campus community's long-term energy needs. Purdue and Duke Energy intend to study power produced through Small Modular Reactors - SMRs -. Significantly smaller than traditional nuclear power plants, an SMR could meet current and future needs for Purdue's West Lafayette campus as well as provide excess power to the state's electric grid. Purdue is currently powered through the Wade Utility Plant, which is a combined heat and power system that uses steam to provide heat, electricity and chilled water that is used to cool facilities. Approximately 50% of campus electricity is purchased from Duke Energy.
BXLC

Hot Stocks

09:14 EDT Bexil Corp announces tender offer - Bexil Corporation announced that it invites its shareholders to tender for $27.50 per share up to an aggregate of 50,000 shares of the Company's common stock. Shareholders may participate in the offer by tendering any or all of their shares, subject to the proration provisions and other limitations of the offer, as described in the offer to purchase. The offer to purchase and withdrawal rights will expire on June 1, 2022 at 5:00 p.m. ET unless the offer to purchase is extended or earlier terminated. The offer to purchase and other tender offer materials are being furnished to shareholders of the Company and also may be obtained at www.Bexil.com. With questions or requests for assistance please call the Company at 212-785-0900 or write to Bexil Corporation, 3814 Route 44, Millbrook, NY 12545, Attn: Secretary. Shareholders may also contact the broker, dealer, commercial bank, or trust company who holds their shares for assistance concerning the offer. The Company's board of directors has approved the offer. However, neither the Company nor the board of directors makes any recommendation as to whether a shareholder should tender or refrain from tendering his or her shares, and neither the Company nor the board of directors has authorized any person to make any such recommendation. Shareholders are urged to evaluate carefully all information contained in the offer to purchase, consult their own investment and tax advisors, and make their own decision whether to tender shares and, if so, how many shares to tender.
MRNA MRK

Hot Stocks

09:14 EDT Moderna announces Arpa Garay as chief commercial officer - Moderna (MRNA) announced that Arpa Garay will join Moderna as chief commercial officer, effective Monday, May 31. She will serve on Moderna's executive committee and report to CEO, Stephane Bancel. Garay joins Moderna from Merck (MRK) where she most recently served as chief marketing officer for Merck's human health business; she reported to Merck's CEO and was a member of Merck's executive committee.
ENG

Hot Stocks

09:14 EDT ENGlobal provides update on renewable diesel, SAF plant project - ENG commented on its previously announced project to design and build a renewable diesel and sustainable aviation fuel plant. As first announced on February 22 this year, ENG will utilize its modular execution strategy combined with its standard 6500 bpd plant design and, along with its partners, provide engineering, procurement and construction services for a complete plant designed to produce approximately 100 million gallons of sustainable aviation and diesel fuel per year from renewable feed stocks. This combination benefits their client by reducing the time from final investment decision to first fuel production, reducing cost and increasing accuracy of design and procurement. The project is currently scheduled to be completed within approximately 24 months from FID. Additionally, because this is the second US project of its type under execution by ENG, it will benefit from lessons learned from a similar project as well as by using the same vendors and construction partners. This second US-based plant will utilize licensed process technology from Haldor Topsoe A/S, known as their "HydroFlex" and "Hydrogen Bridge" technologies, to produce fuels with a low carbon footprint. The plant represents an expansion of ENG's renewables project portfolio following its recent successful design, engineering, fabrication and delivery of a modular hydrogen facility valued in excess of $28 million. Assuming the FID is made, ENG expects its scope on the current project to exceed $100 million.
UCL

Hot Stocks

09:12 EDT uCloudlink files 2021 annual report - UCLOUDLINK GROUP announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission.
MTBC

Hot Stocks

09:12 EDT CareCloud adds CCM service to its digital health portfolio - CareCloud has announced its new offering for chronic care management as part of its growing suite of digital health solutions that help providers enhance patient care and revenue streams. CareCloud Wellness gives practices the means to easily participate in the government's chronic care management, CCM, program, without having to expand operations. CareCloud Wellness is a software-enabled service that extends care to high-risk patients with multiple chronic conditions. This service, which comes at no additional operational expense to the provider, gives physicians increased program eligibility and the opportunity to collect payment for providing in-between appointment services to Medicare, Medicaid, and dual-eligibility patients. "Under today's value-based healthcare model, the Centers for Medicare and Medicaid Services considers the CCM program to be an essential component of care for chronically ill patients. However, providers have found it difficult to capitalize on this program because participation often requires costly operational investment," said CareCloud CEO and President Hadi Chaudhry. "With CareCloud Wellness, we are giving our clients a turnkey solution that enables participation-giving them the ability to create revenue opportunities while improving patient health and experiences."
HPQ

Hot Stocks

09:11 EDT HP Inc. partners with Jane Goodall to celebrate Arbor Day - HP Inc., in honor of the 150th anniversary of Arbor Day, joined together with Dr. Jane Goodall, famed conservationist and founder of 'Jane's Green Hope' - Dr. Goodall's namesake reforestation initiative - and actress, producer and writer Rebel Wilson, to raise awareness for the 'Plant a Tree with HP' campaign. Dr. Goodall, founder of the Jane Goodall Institute, and Wilson met to discuss the importance of global reforestation featured in a newly released video. The Plant a Tree with HP campaign, running through June 30, 2022, is a partnership between HP, Jane's Green Hope, and the Arbor Day Foundation to plant up to one million trees by the end of the year. This campaign will support native and community-led tree plantings toward the 1 Trillion Trees Challenge. Every HP purchase from now through June contributes to the tree planting milestone. Through JGI's Jane's Green Hope and the Arbor Day Foundation, trees planted as part of the 'Plant a Tree with HP' campaign will follow a strict protocol to ensure they survive and thrive to maturity, are the correct native species for the region and ecology of the area, and benefit human communities through local management of forests.
XFLS

Hot Stocks

09:11 EDT XFuels announces milestone LOI to acquire Triple S gas of Dallas, Texas - Xfuels announces it has executed a LOI with Triple S gas of Dallas, Texas in an all-cash deal for consisting of 7 leases, 54 wells and 6 oil batteries in Wichita and Wilbarger counties. Cycle will pay $320,000 dollars plus a 2.5 % capped ORRI to $250,000 dollars. Adjacent to the Triple S leases a neighboring producer has recovered 1.5M barrels of oil as well as 1 mmcf of gas in the same formations. Cycle believes that deeper reserves are also available and can be accessed through deepening the existing wellbores without the added cost of drilling a new well. Michael McLaren, CEO states, "This acquisition is our milestone leap into Texas oil and gas production business and our team is eager to get focused on the project and push these leases to their maximum potential." Mr. McLaren further states, "With our business strategy of Acquire, Restore, Produce and Consolidate these leases fit perfectly into that window where we can apply our world class knowhow and stimulation technologies to maximize the potential of the production."
IBEX

Hot Stocks

09:09 EDT Ibex to showcase integrated, omnichannel CX solutions - ibex announced that it will be at CS Week 2022 in Phoenix, May 2-6, to demonstrate its full range of innovative CX solutions geared to helping utility companies of all sizes transform their customer service. At the conference, Mark Wilkinson, SVP Utilities at ibex, will team up with Felicia Chiles, Director of Marketing at FirstEnergy, to host "Beyond Efficiency: Utility Customer Engagement through Embracing the Smart Home" on May 5 at 3:45 pm MST. In this session, Wilkinson and Chiles will present a refreshing approach to utility "beyond the meter" programs that drive customer engagement, energy efficiency, and utility e-commerce.
TNP

Hot Stocks

09:09 EDT TEN, Ltd. announces the sale of 2006-built LR2 product tanker - TEN announced the sale of a 2006-built LR2 aframax tanker, one of the largest product tankers in the world at the time of its construction, to unrelated entities. This sale will generate the company $7.1M of free cash, after the repayment of related debt to be recorded in the second quarter of 2022. "This timely sale depicts our commitment to our stated "Greenship" initiative as it coincides with the recent order of four dual-fuel aframaxes on long-term employment to a significant end-user. As we continue to explore and evaluate future alternatives, similar transactions should be expected," George Saroglou, COO of TEN commented.
STRA

Hot Stocks

09:08 EDT Food Lion to launch education assistance program with Workforce Edge - Food Lion announced expanded education assistance programs including tuition reimbursement for all part-time and full-time associates, an increase in tuition reimbursement for full-time associates and discounted degree programs at 15 education providers. Part-time and full-time associates are eligible for tuition reimbursement, which includes tuition, books and class-required fees from any accredited learning institution, after six months of continuous employment. Food Lion will offer over 250 degree programs from 15 education providers at a reduced cost. Degree programs include online and in-person courses to earn undergraduate degrees or certificates and graduate degrees. Access to these discounted educational offerings is available to all associates on their first day of employment. Food Lion is launching education assistance in partnership with Workforce Edge, a complete employee education management platform powered by Strategic Education, Inc. Through Workforce Edge, Food Lion associates will have access to several educational institutions, including two Historically Black Colleges and Universities. Associates who pursue degrees outside of the Workforce Edge programs will still receive tuition reimbursement. Full-time associates can receive up to $3,000 reimbursement and part-time associates can receive up to $500 per calendar year.
VMI

Hot Stocks

09:07 EDT Valmont Ericsson acquire majority interest in 5G infrastructure firm ConcealFab - Valmont Industries announced that it has signed a definitive agreement to acquire a majority interest in Colorado-based ConcealFab, an industry leader in 5G infrastructure and passive intermodulation mitigation solutions. Ericsson, a global leader in 5G technology, will reinvest their ConcealFab equity and hold a minority position in the new company. The strategic partnership with Ericsson to acquire ConcealFab aligns Valmont with a leading provider of innovative 5G infrastructure and PIM mitigation solutions. Founded in 2007 in Colorado Springs, CO., ConcealFab has been recognized as one of the fastest growing companies in the Telecom industry. Their success is a result of their first-to-market innovation, customer-centric fulfillment strategy and ability to design, manufacture and meet ever-changing and specific industry demands. ConcealFab's partnerships with wireless operators, utilities, and major OEMs have also been a key driver in their rapid growth and will continue to support future expansion. Valmont's Telecom strategy is focused on three key objectives: providing vital end-to-end infrastructure products, spreading inclusive. The transaction will be funded with cash on hand, and is expected to be immediately accretive to earnings, with Year-1 revenue of approximately $50M. The transaction is expected to close in the second quarter of 2022 and is subject to customary closing conditions.
PATH...

Hot Stocks

09:06 EDT UiPath appoints Robert Enslin as co-CEO - UiPath (PATH) announced that Robert Enslin is joining the company's executive team to become co-CEO effective May 16. Enslin, a former Google Cloud (GOOGL) executive who brings more than 30 years of enterprise software experience, will work alongside UiPath Founder and current CEO Daniel Dines. Enslin joins UiPath most recently from Google Cloud, where he served as president of cloud sales.
MMP

Hot Stocks

09:06 EDT Magellan Midstream announces open season for El Paso pipeline expansion - Magellan Midstream announced the launch of an open season to assess customer interest in firm pipeline capacity on its refined petroleum products pipeline system from the Houston area to El Paso, Texas. Interested customers must submit binding commitments by June 24. The proposed project includes the expansion of a 265-mile pipeline segment between Odessa and El Paso and the use of existing and underutilized pipeline capacity from the Houston area to Odessa. The project would increase Magellan's capability to transport refined petroleum products, such as gasoline and diesel fuel, from Gulf Coast refineries to El Paso, with further shipper optionality to access markets in New Mexico through Magellan's pipeline system, as well as Arizona and Mexico via connections to third-party pipelines. The capital-efficient expansion would increase the capacity of the Odessa-to-El Paso portion of the pipeline by an estimated 15,000 bpd, to a new total capacity of approximately 85,000 bpd. Subject to the results of this open season and receipt of all necessary permits and approvals, the higher capacity could be available by mid-2023 following the addition of incremental pumping capabilities and construction of operational storage at El Paso.
WTW

Hot Stocks

09:06 EDT Willis Towers Watson appoints Michael Chang as Head of CRB North America - WTW announced that Michael Chang will be joining WTW as Head of Corporate Risk and Broking North America, later in 2022. Mike Liss, current Head of CRB North America, has announced his intention to retire in mid-2023. For six years, Michael served as co-leader of Sompo International's Global Insurance and CEO of its Global Risk Solutions businesses.
AVCO

Hot Stocks

09:05 EDT Avalon GloboCare expands IP portfolio, files 16 new patent applications - Avalon GloboCare announced today that the Company has jointly filed 16 patent applications, co-invented with key strategic partners, including a top-5 U.S. university, a leading education and research center in Europe, as well as a premier multi-national developer of cellular therapies in the field of oncology. Patents were filed with the U.S. Patent and Trademark Office, USPTO, the China National Intellectual Property Administration, CNIPA, and under the Patent Cooperation Treaty, PCT, covering 36 countries. The new intellectual property covers three core patent families: Engineering and bio-manufacturing of novel chimeric antigen receptor, CAR, T-cells related to the mRNA-based Flash-CARTM cellular therapy platform. Soluble, antibody-like cytokine/chemokine decoy receptors derived using the QTY protein design. Novel S-layer coated emulsome technology-derived fusion proteins intended for mucosal vaccine development, which is designed to trigger robust protective immune responses at the predominant sites of pathogen infection. "These latest patent applications solidify and expand our robust IP portfolio, both in the U.S. and internationally," said David Jin, M.D., Ph.D., President and Chief Executive Officer of Avalon GloboCare. "We are especially honored to partner with several leading global academic researchers and institutions in the field of cell therapy, as co-inventors of the technologies. We believe these patent applications will extend our geographic IP protection and are timed to maximize the duration of the patents for decades to come. These patents are within our core competencies in the areas of CAR-T, QTY protein design and S-layer technologies, thereby enhancing our position as a leader in immuno-oncology and cellular medicines. Collectively, we believe each of these patents covers therapies and technologies that target large, addressable markets. They are all supported by strong preclinical data as we rapidly advance towards first-in-human clinical trials."
AMGN

Hot Stocks

09:04 EDT Amgen's reports safety and efficacy results of Repatha Phase 3 studies - Amgen announced top-line results from two Repatha - evolocumab - open label extension studies to the Phase 3 FOURIER cardiovascular outcomes trial. The studies were designed to assess the long-term safety and tolerability of Repatha over five years in adults with clinically evident atherosclerotic cardiovascular disease. Both studies showed that Repatha was safe and well-tolerated. No new long-term safety findings were observed. In addition, medically significant and sustained reduction in low-density lipoprotein cholesterol levels were observed, with more than 85% of patients achieving an LDL-C level of less than40 mg/dL during the OLE period. Detailed study results will be shared with regulatory authorities and submitted for presentation at an upcoming medical congress later this year. Prolonged LDL-C reduction with Repatha is also being studied in an ongoing outcomes trial.
SPH

Hot Stocks

09:04 EDT Oberon announces commercial availability of rDME/Propane blend - Oberon Fuels announces commercial availability of a new approach to drive down emissions across the propane industry: a blend of propane and Oberon's renewable DME. This blend replaces some of propane's fossil-derived fuel with a renewable one, enabling up to a 60 percent reduction in carbon emissions for this popular fuel used in vehicles, forklifts, farm equipment, backyard grills and outdoor heaters. Beginning today, Oberon partner Suburban Propane Partners is the first company to make this more sustainable blended product available to its customers across Southern California.
SRNE SCLX

Hot Stocks

09:03 EDT Scilex to present SP-102 efficacy, safety data from Phase 3 trial program - Scilex (SCLX), a nearly 100% majority-owned subsidiary of Sorrento Therapeutics (SRNE), announced that it will be presenting SP-102 efficacy and safety data from its Pivotal Phase 3 clinical C.L.E.A.R trial program for sciatica pain management at the 24th Annual Meeting of American Society of Interventional Pain Physicians, ASIPP, on May 5, 2022 in Las Vegas, NV. The podium presentation will describe the Phase 3 trial, known as the C.L.E.A.R. trial program, randomized 401 lumbosacral radicular pain/sciatica patients at 40 sites across 25 states in the U.S., which is the largest double-blind randomized controlled Phase 3 epidural steroid injection clinical trial in sciatica. Scilex Holding Company and Vickers Vantage Corp. I entered into a definitive business combination agreement on March 17, 2022. Upon the closing of the transaction, the combined company will be renamed Scilex Holding Company, and its common stock is expected to be listed on Nasdaq under the ticker symbol "SCLX".
NN

Hot Stocks

09:03 EDT NextNav, Widow Games partner for geolocation authentication for the metaverse - NextNav has partnered with Widow Games. Through the partnership, Widow Games will bring NextNav's 3D geolocation capabilities to their applications, enabling more immersive virtual experiences tied to the real environments of users, and leveraging location verification to validate transactions and interactions in the metaverse. NextNav Pinnacle will be integrated into Widow Games' marquee title, Geopoly, a mobile game that couples buying, upgrading, and selling digital properties tied to the real world with real-time, live virtual events. NextNav Pinnacle will validate the geolocation - including the vertical dimension and timestamp - of users to authenticate attendance, verify transactions, and prevent in-game location-based spoofing. Through geofencing and geolocation, the positioning of specific users in the real world will enable location-based virtual experiences and rewards, authenticate users' presence at virtual events, and facilitate interactions with other users in the same location.
TRUE

Hot Stocks

09:02 EDT TrueCar sees April total new vehicle industry sales 1,247,917 units, down 21% - TrueCar expects total new vehicle industry sales to reach 1,247,917 units in April 2022, down 21% from a year ago and down 1% from March 2022, when adjusted for the same number of selling days. This month's seasonally adjusted annualized rate for total light vehicle industry sales is an estimated 14.8M, down 19% from April 2021. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 1,088,345 units, down 20% from a year ago and down 4% from March 2022.
RIOT

Hot Stocks

09:01 EDT Riot Blockchain announces 1 GW development in Navarro County, Texas - Riot Blockchain is pleased to announce that it has initiated a large-scale, 1 gigawatt development to expand its Bitcoin mining and hosting capabilities in Navarro County, Texas. The Expansion has begun with the development of an initial 400 megawatts of capacity on a 265-acre site, with immersion-cooled mining and hosting operations expected to commence in July 2023. This first phase of the Expansion includes land acquisition, site preparation, substation development, transmission construction, along with construction of ancillary buildings and four buildings utilizing the Company's immersion-cooling infrastructure and technology. Riot estimates that the total cost of the first phase of the Expansion will be approximately $333 million, which is scheduled to be invested over the remainder of 2022, 2023, and the first quarter of 2024. After completing the first 400 MW phase of the Expansion, future capacity at the site will be expandable by an additional 600 MW to 1,000 MW, or 1 GW, via the 345 kV Navarro switch that is located approximately 1,250 feet away from the site. Riot plans to utilize its strategic partnership with Priority Power an industry leader in Bitcoin mining energy services, to support the Expansion. Priority Power services include managing site development, utility interconnection, power purchase agreements and power load flexibility. The Company's relationship with Priority Power began with the development of Riot's Whinstone US, Inc. facility in Rockdale, Texas, and has been a key partner in its power strategy since. Located approximately one hour south of Dallas, the Expansion site is within two hours of the Whinstone Facility, allowing the Company to leverage its existing talent pool and the proven development capabilities of its experienced employee base. The first 400 MW phase of the Expansion is anticipated to create approximately 270 direct jobs and drive significant positive economic change in Navarro County.
MRNA

Hot Stocks

08:56 EDT Moderna appoints Arpa Garay as CCO - Moderna (MRNA) announced that Arpa Garay will join Moderna as Chief Commercial Officer, effective Monday, May 31, 2022. She will serve on Moderna's Executive Committee and report to CEO Stephane Bancel. Garay joins Moderna from Merck & Co., Inc. (MRK) where she most recently served as Chief Marketing Officer for Merck's Human Health business.
WIMI

Hot Stocks

08:51 EDT WiMi Hologram announces technical article on VR tech in stroke patients - WIMI Hologram Academy, working in partnership with the Holographic Science Innovation Center, has written a new technical article describing their exploration of their application of applying VR technology into the treatment for stroke patients' rehabilitation. The company said, "VR technology is gradually expanding its fields of application owing to its rapid development. The integration of VR technology and the treatment in balance function disorder, compared with conventional treatment, demonstrates explicit advantages in the aspects of life quality, feedback and outcomes, thus offering a promising future. Cerebral apoplexy, also known as stroke, or cerebral vascular accident, refers to an acute cerebrovasculardisease lasting more than 24 hours featured with acute or focal brain dysfunction caused by all kinds of vascular causes. Typically it includes cerebral hemorrhage, cerebral infarction, subarachnoid hemorrhage and other diseases. Scientists from WIMI Hologram Academy of WIMI Hologram Cloud have studied the application of virtual reality technology in balance function disorder after cerebral apoplexy. Virtual reality technology uses a computer to simulate the real world and allows the user to experience the virtual world. Compared with traditional rehabilitation training, virtual reality technology is fun, safe and can greatly mobilize the patient's initiative, featuring with competitive advantage in the rehabilitation of balance function, thus providing a new treatment for patients' rehabilitation."
EVFM GDRX

Hot Stocks

08:48 EDT Evofem enters agreement with GoodRx's VitaCare Prescription Services - Evofem (EVFM) has entered into a new agreement with VitaCare Prescription Services, a wholly-owned subsidiary of GoodRx (GDRX), to provide enhanced "white glove" support services to women prescribed Phexxi who choose to use VitaCare. Women or their health care provider can choose to have a Phexxi prescription sent to VitaCare for fulfillment, and VitaCare will help the patient understand coverage, identify available savings opportunities, and facilitate communication between the health care provider and payor.
CNDT

Hot Stocks

08:45 EDT Conduent announces enhancements to Strataware platform - Conduent announced two new enhancements to its highly configurable Strataware medical bill review platform. Strataware Relatedness and Strataware Rarity add greater efficiency to the bill review process and help workers compensation payers reduce medical spend with proprietary algorithms, advanced logic and automation to ensure that only compensable medical expenses are paid. Strataware Relatedness identifies medical bills which contain ICD diagnosis codes for treatment not related to an injury. Strataware Rarity highlights medical services that are unlikely or rare for a workers compensation claim. Conduent analysis of more than one million medical bills using Relatedness identified nearly 33 percent contained charges for treatment not related to a workplace injury, accident, or illness. An analysis of 2.3 million medical bills using Rarity identified 10 percent of bills contained diagnosis codes for conditions that are rarely treated in workers compensation.
CHKP

Hot Stocks

08:44 EDT Check Point CFO 'hopes' supply chain constraints are temporary - Comments taken from Q1 earnings conference call.
VIR

Hot Stocks

08:43 EDT Vir Biotechnology announces new data from MARCH hepatitis B trial - Vir Biotechnology announced that the company will review its robust hepatitis portfolio, including initial data from the first cohort of the MARCH trial evaluating VIR-2218 in combination with VIR-3434, as well as a new program aimed at chronic hepatitis D. Details will be discussed during Vir's virtual Hepatitis Portfolio R&D Day. "We are pleased to share encouraging data from the MARCH trial, which suggest that VIR-2218 and VIR-3434 are additive in reducing hepatitis B surface antigen, with no drug-related safety signals reported to date - supporting our strategy of combining antivirals with immunomodulators," said George Scangos, Ph.D., Vir's chief executive officer. "We are also excited to announce a new synergistic program that will leverage our differentiated assets to treat hepatitis D, the most aggressive form of viral hepatitis for which there are limited treatment options. Together with the other ongoing combination trials in our pipeline, we believe we have multiple opportunities to achieve meaningful outcomes for both hepatitis B and D." Anticipated Hepatitis Milestones: In 2022, the Company expects to report data from multiple trials for the treatment of chronic hepatitis B virus infection including: Additional data from the Phase 1 monotherapy trial of VIR-3434 and the Phase 2 monotherapy trial of VIR-2218, first half of 2022; Additional data from the Phase 2 trial of VIR-2218 in combination with PEG-IFN-alpha, second half of 2022; Additional data from the first cohort of the Phase 2 MARCH trial evaluating safety, pharmacokinetics and hepatitis B surface antigen suppression, second half of 2022; Initial data from the Phase 2 trial evaluating VIR-2218 in combination with BRII-179, an investigational T cell vaccine, for the potential treatment of chronic HBV infection, led by Brii Biosciences, second half of 2022. Beyond 2022, the Company expects to report: Initial data from the Phase 2 trial evaluating various combinations of VIR-2218, selgantolimod, Gilead's investigational TLR-8 agonist, and nivolumab, an approved PD-1 inhibitor for HBV, first half of 2023; Initial data from the second cohort of the Phase 2 MARCH trial for HBV to determine dose, length of treatment and evaluate triple cocktails, when VIR-3434 is given every four weeks, second half of 2023; Initial data from a Phase 2 viremic trial of VIR-2218 in combination with VIR-3434 in the second half of 2023, following trial initiation in the second half of 2022; Initial data from a Phase 2 trial of VIR-2218 in combination with VIR-3434 for the treatment of HDV in 2023, following trial initiation in the second half of 2022.
JUPW

Hot Stocks

08:43 EDT Jupiter Wellness acquires Ascent Clinical Research, terms not disclosed - Jupiter Wellness announced it has concluded an Asset Purchase Agreement with Ascent Clinical Research, Inc. through which it has acquired certain clinical assets including clinical trial research contracts worth $3 million in annual revenues for a purchase price of 5% royalties on future net revenues generated by the assets.
VIVK

Hot Stocks

08:43 EDT Vivakor awarded contract for sale of asphalt from Utah facility - Vivakor is pleased to announce the signing of a 10-year contract with Hot Oil Transport, a supplier of asphalt materials, which HOT in turn supplies to Southwest Liquid Asphalt & Emulsions, a major supplier of polymerized asphalt in Southern Nevada. Based on the current asphalt wholesale index price for the Rocky Mountain region, this contract could be valued at up to $250 million over the life of the contract, provided that Vivakor is able to ramp up and operate its Vernal, Utah site at full capacity. SLA's largest customer is Las Vegas Paving, one of the largest road construction companies in the state of Nevada, with revenues of more than $500 million annually. Under the Agreement, Vivakor can provide HOT with up to 50,000 tons of ratable asphalt cement from Vivakor's Vernal, Utah, upon completion of anticipated scaled up operations, annually for a period of ten years. Pricing will be based on the asphalt wholesale index price for the Rocky Mountain region at the time of delivery. Based on the current index pricing range of $510 to $600 per ton, this contract could generate between $25 million and $30 million in annual sales once the project is operating at full capacity. To operate at full capacity and take advantage of the maximum opportunity under the contract with HOT, Vivakor estimates it would need to add three additional Remediation Processing Centers, as well as ramp up other required infrastructure, at the Vernal, Utah site, with an estimated total cost of $18 million.
ONDS

Hot Stocks

08:41 EDT FAA approves Ondas' American Robotics to deploy automated drone tech - Ondas Holdings through its wholly owned subsidiaries, Ondas Networks Inc. and American Robotics announced that American Robotics has added seven additional sites of operation approved by the Federal Aviation Administration for its automated BVLOS drone technology, the Scout System. As the first company approved by the FAA to operate automated drones without human operators on-site, American Robotics continues to build upon its industry-leading position with a portfolio of 10 operational sites across eight U.S. states associated with current and expected customers. This approval represents another important step towards scalable autonomous operations within the commercial drone industry.
BTCS

Hot Stocks

08:41 EDT BTCS adds Kava to its blockchain infrastructure operations - BTCS announces the addition of Kava to its blockchain infrastructure operations. Growing from a $3M Initial Exchange Offering in 2019, Kava is now a $913M layer-1 blockchain protocol with a decentralized lending platform at its core. Kava takes a cross-chain approach to decentralized finance, DeFi. Upon its launch, it became the first DeFi project deployed on the Cosmos blockchain. Instead of just relying on one cryptocurrency, Kava allows its users to leverage and hedge almost any asset that they want, supporting a multitude of different assets. "Kava's cross-chain infrastructure speaks to a major part of the BTCS mission because it runs on two different Proof-of-Stake blockchain networks already supported by our infrastructure operations - Cosmos and Ethereum," Michael Prevoznik, Chief Financial Officer of BTCS, said. In addition to generating revenue by running a Kava validator node, BTCS has completed the technical work to integrate Kava into its planned staking-as-a-service platform once launched.
SCYX

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08:39 EDT Scynexis presents data analyses on ongoing Phase 3 FURI, CARES studies - SCYNEXIS announced several poster presentations highlighting details from interim analyses of data from its ongoing Phase 3 FURI and CARES studies investigating the potential of ibrexafungerp as a treatment for invasive candidiasis, IC, and candidemia, including infections caused by Candida auris. The posters were presented at the 32nd Annual European Congress of Clinical Microbiology & Infectious Diseases, ECCMID, held in Lisbon, Portugal April 23-26, 2022. Below are highlights of the posters presented: "Outcomes of Oral Ibrexafungerp in the Treatment of 18 Patients with Candida auris Infections, from the CARES Study." Summary: SCYNEXIS presented results of an interim analysis of the CARES study of 18 enrolled patients with candidemia. In the analysis, 11 patients had received prior antifungal therapy for their infection. Following treatment with oral ibrexafungerp for a mean duration of 18 days, 78% of patients showed complete or partial response, 11% had stable disease, one patient died of other causes, and one outcome was indeterminate. "Oral Ibrexafungerp Outcomes in Patients with Invasive Candidiasis and Candidemia from the FURI and CARES Studies." Summary: SCYNEXIS presented interim analyses with combined data of 49 patients, who completed treatment for invasive candidiasis and candidemia between 2018 and 2020, as part of the ongoing Phase 3 FURI and CARES studies. Aggregate data from the two studies showed that of the patients treated with ibrexafungerp, 68% had complete or partial response; 14% had stable disease; 6% showed disease progression; 8% were indeterminate; and 4% died from progression of an underlying disease. "Efficacy Assessment of Ibrexafungerp in the Neutropenic Mouse Model of Pulmonary Mucormycosis." Summary: Preclinical data on ibrexafungerp from an investigational analysis were presented. The data were based on an in vivo mouse model of mucormycosis and support ibrexafungerp as an effective potential treatment for mucormycosis. The study found that when ibrexafungerp was combined with liposomal amphotericin B or posaconazole, synergistic benefits were observed with a statistically significant enhancement in median survival time and overall survival when compared to any one therapy alone.
WIMI

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08:39 EDT WiMi Hologram writes technical article on VR tech in stroke patients - WIMI Hologram Academy, working in partnership with the Holographic Science Innovation Center, has written a new technical article describing their exploration of their application of applying VR technology into the treatment for stroke patients' rehabilitation. The company said, "VR technology is gradually expanding its fields of application owing to its rapid development. The integration of VR technology and the treatment in balance function disorder, compared with conventional treatment, demonstrates explicit advantages in the aspects of life quality, feedback and outcomes, thus offering a promising future. Cerebral apoplexy, also known as stroke, or cerebral vascular accident, refers to an acute cerebrovasculardisease lasting more than 24 hours featured with acute or focal brain dysfunction caused by all kinds of vascular causes. Typically it includes cerebral hemorrhage, cerebral infarction, subarachnoid hemorrhage and other diseases.Scientists from WIMI Hologram Academy of WIMI Hologram Cloud have studied the application of virtual reality technology in balance function disorder after cerebral apoplexy. Virtual reality technology uses a computer to simulate the real world and allows the user to experience the virtual world. Compared with traditional rehabilitation training, virtual reality technology is fun, safe and can greatly mobilize the patient's initiative, featuring with competitive advantage in the rehabilitation of balance function, thus providing a new treatment for patients' rehabilitation. 1. Characteristics of balance function disorder after cerebral apoplexy: As one of the important physiological functions of the human body, balance is related to posture, transfer and motion control. From the mechanical perspective, balance means that an object is subjected to equal forces from all directions so that it can maintain a stable state. While for the balance of the human body, it is more complex than the balance of objects in nature. Balance is the ability of the body to maintain an upright standing posture in different environments and to adjust and maintain itself automatically when moving or subjected to external forces, including reactions such as balance, protective stretching, striding and jumping. Human body depends on balance in daily life, movement and work, and the maintenance of balance is mainly influenced by vestibular system, proprioception, vision, as well as the brain's balancing reflex regulation and muscle strength. Impaired balance is often characterized by unstable sitting and standing, reduced ability in transferring and walking , and increased risk of falls, which can seriously affect daily life and life quality. Statistics show that in recent years, the disability rate of stroke is high, and about 83% of them suffer from balance function disorder, which greatly increases the burden on families and society. Since the improvement of balance is fundamental to the recovery of movement function and daily activities, balance rehabilitation can be particularly important. 2. The application of VR technology in the rehabilitation of balance function disorder after cerebral apoplexy.: 2.1 Comparison between VR technology and conventional rehabilitation treatment: Conventional rehabilitation methods for balance function disorder mainly involve the use of techniques or rehabilitation equipment for gravity center transfer and movement control exercises in different postures, as well as strengthened sensory input through mirror therapy. While techniques such as suspension, core training, and neuromuscular facilitation focus on enhancing core stability and training trunk control, gravity center transfer, and overall movement function. Neurophysiological treatments include movement relearning training methods, proprioceptive neuromuscular facilitation methods, etc. Although these methods to some extent help improve patients' balance and movement functions, the therapeutic effects depend on the therapist's experience and skill level. While for conventional Chinese rehabilitation therapies such as Taijiquan, Baduanjin Exercise and Wuqinxi Exercise, they lack the necessary feedback during training, are prone to causing abnormal movements and injuries. And for equipment-assisted therapies, such as transcranial magnet and balance apparatus, they featured with single movements, lack of fun and objectivity, which make it difficult to mobilize patients' enthusiasm and initiative. Virtual reality technology uses computers to synthesize 3D environment models and apply these models to create and experience virtual worlds. It is a system simulation of multi-source information fusion interactive of 3D dynamic visual and physical behavior that allows users to enter virtual space and interact with objects in the virtual world with the help of scene displays, force/tactile sensing devices, position trackers and other devices to create a realistic experience of being there. Virtual reality technology mainly combines sensory interference training and dual task training to enhance the integration of vestibular sensory information and the organization of vestibular center of stroke patients with hemiplegia by adding virtual reality technology balance training, thus promoting postural stability. The study indicated that by combining virtual reality rehabilitation exercises with conventional rehabilitation training, patients' limb function, neurological function, balance function, as well as their life quality can be effectively improved. 2.2 The application of VR in the rehabilitation of stroke: VR can provide various virtual environments for patients to create immersive feelings and experiences, while also providing technical means for rehabilitation training with key factors such as repetitive exercises, real-time feedback, and motivation maintenance. Through repetitive active training in various environments and movement relearning, it helps accelerate the establishment of collateral circulation and improves neurological deficits, balance function and overall movement function. The study indicated that treatment combined VR technology with conventional rehabilitation training for canoe paddling exercises in subacute stroke patients for 30 minutes per day and three times per week, significant restoration can be seen in the pressure center of standing balance and swing path, with better postural balance after 5 weeks of training, receiving VR training. For another study in which chronic-phase stroke patients underwent treadmill training in a community-based virtual environment for 30 minutes per day, three times per week, showed significant improvements in limb swing speed, anterior-posterior and overall swing length after 5 weeks of training. The study also revealed that the use of VR technology can significantly improve Berg Balance Scale scores in patients with chronic-onset stroke, improving both static and dynamic balance. Other studies have also demonstrated that appling virtual reality-based training based on conventional balance rehabilitation for 30 minutes per day, 3 times per week for 6 weeks to patients recovering from stroke with balance function disorder, provided visual and auditory feedback, they are capable of shifting the weight of the limb to the left and right side. All these results reveal that patients given VR technology-related treatment can witness a significant boost in balance function and postural control. In summary, virtual reality technology is a means of integrating visual input and movement output, which can be widely used in the recovery of functional impairment after stroke and is effective in improving the balance function and the ability of daily activities of stroke patients. VR balance rehabilitation training, based on conventional rehabilitation therapy, is more vivid and interesting, and is conducive to better overall clinical outcomes."
MINM

Hot Stocks

08:36 EDT Minim continues retail expansion to home improvement with Summit Growth - Minim announced its new relationship with Summit Growth Partners. With this partnership, Minim expands its consumer reach to the home improvement retailing segment. "Minim is eager for the opportunity to work with Summit Growth Partners," said Minim National Retail Sales Director Jeff Rodning. "Given the growing popularity of networking devices in the home improvement segment, we're confident that our intelligent products will deliver exceptional value to DIY customers around North America." Summit Growth Partners has successfully placed products on shelves at top-tier industry home improvement retail brands. As part of their collaborative effort, Minim and Summit Growth Partners will offer these brands top-of-the-line Motorola hardware solutions in the mesh, cable modem, and gateway categories.
FUJIY

Hot Stocks

08:36 EDT Fujifilm Healthcare Americas awarded Pacific Air Force/Navy order - FUJIFILM Healthcare Americas Corporation has been awarded a Pacific Air Force/Navy contract from the U.S. Department of Defense to standardize its digital imaging network's picture archiving and communication systems in U.S. Naval and Air Force medical treatment facilities with the company's Synapse PACS. The award was earned through Fujifilm's 2017 DIN-PACS contract with the Defense Logistics Agency.
ATAX

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08:35 EDT America First Multifamily Investors issues 2M Series A-1 Preferred Units - America First Multifamily Investors announced that on April 26, 2022 the Partnership executed an Exchange Agreement to issue 2,000,000 Series A-1 Preferred Units representing limited partnership interests in the Partnership to a financial institution in exchange for 2,000,000 previously outstanding Series A Preferred Units representing limited partnership interests in the Partnership held by the financial institution. There were no net proceeds or other cash consideration paid to or from the Partnership as a result of the exchange transaction. The stated value of the newly issued Series A-1 Preferred Units is $20,000,000. The Series A-1 Preferred Units were issued in accordance with the Partnership's existing "shelf" registration statement on Form S-4 for the exchange of up to 9,450,000 of previously issued Series A Preferred Units. The Series A Preferred Units and Series A-1 Preferred Units are non-cumulative, non-convertible, and non-voting classes of limited partnership interests in the Partnership for which the holder has an option to have the units redeemed on the sixth anniversary of the acquisition date and each subsequent anniversary thereafter. The Series A Preferred Units that were exchanged were originally issued to the financial institution in May 2016 and March 2017. The exchange transaction allows the Partnership to retain $20,000,000 of low-cost capital from the original issuance of the Series A Preferred Units and extend the earliest potential redemption date to April 2028.
TTOO

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08:34 EDT T2 Biosystems announces submission for FDA BDD for T2Biothreat Panel - T2 Biosystems announced that it has submitted an application with the U.S. Food and Drug Administration, FDA, for Breakthrough Device Designation, BDD, for the Company's T2Biothreat Panel. The T2Biothreat Panel is a direct-from-blood test panel designed to run on our commercially available T2Dx Instrument and is designed to simultaneously detect six biothreat pathogens that are listed by the Centers for Disease Control and Prevention, CDC, as Category A and B biothreat agents, including Bacillus anthracis, Francisella tularensis, Burkholderia mallei, Burkholderia pseudomallei, Yersinia pestis and Rickettsia prowazekii. "We are honored to leverage our technology platform to develop products with the potential to protect our nation from the threat of bioterrorism," stated John Sperzel, Chairman and CEO of T2 Biosystems. "We initiated the U.S. clinical trial for the T2Biothreat Panel in December 2021 and we are taking actions to potentially accelerate the commercial availability of our novel T2Biothreat Panel."
BTN

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08:34 EDT STRONG Technical Services partners with GDC Technology - Strong Technical Services announced its partnership with GDC Technology Limited for the deployment of digital cinema servers to Caribbean Cinemas, owner and operator of 583 screens in the Caribbean Islands, Central and South America. The four-year agreement involves the full replacement of legacy media servers with the new "Flagship" GDC SR-1000 Standalone Integrated Media Block with diskless CineCache at all of Caribbean Cinemas' existing sites and new construction projects. STS will assist the deployment and also provide remote technical services for the duration of the agreement.
AMWL

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08:33 EDT Amwell announces Susan Worthy as Chief Marketing Officer - Amwel announced Susan Worthy has joined the company as Chief Marketing Officer. Susan is a tenured marketing executive with more than 25 years of experience leading marketing for healthcare services and technology companies. In her new role, Susan will be responsible for leading Amwell's overall marketing strategy and will play a pivotal part in building upon the company's market position to drive continued growth, as well as shareholder and customer value. "We are thrilled to have Susan join our executive team. Her impressive background combined with her creativity, data-driven approach and proven track record of working with and leading the marketing strategy for market leading companies, made it clear that she was the right person to further enhance our market differentiation, cross-functional go-to-market strategies and serve as a strategic partner," said Brendan O'Grady, Chief Growth and Commercial Officer, Amwell. "As we continue to navigate through a time of great transformation for Amwell and for our industry, I am confident that Susan will have an immediate impact on our team and our ability to serve current and future customers." Susan joins Amwell from Optum, where she spent the past six years leading marketing teams, driving product value, and establishing thought leadership and market awareness to achieve growth and shareholder value. Prior to Optum, Susan served as a marketing leader for Aetna and Best Doctors as well as several other healthcare companies. Susan has a passion for brand storytelling and is highly regarded for her dynamic leadership and ability to build and motivate results-driven teams.
TBLT

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08:33 EDT ToughBuilt reports Q1 gross sales through Amazon $3.4M vs. $2.4M last year - Michael Panosian, CEO of ToughBuilt, commented, "We closed the first quarter of 2022 with significant e-commerce demand driven by both our current product lines and newly launched innovations. We expect this continuing demand growth to be bolstered by an additional 5-10 new product lines, which we plan to launch later this year."
JBL

Hot Stocks

08:33 EDT Jabil announces next step in manufacturing, supply chain pact with ams OSRAM - Jabil announced the next step in its manufacturing and supply chain collaboration with ams OSRAM, a global leader in optical solutions, with the development of a lateral flow testing platform. The COVID-19 pandemic brought the topic of testing to the forefront, validating the importance of reliable and robust lab-quality testing that can be conducted remotely and with fast turnaround times. With the role of testing only increasing in the future for infectious diseases beyond the current crisis, the teams at ams OSRAM and Jabil saw an opportunity to bring these lateral flow tests into the digital age, leveraging optics and connectivity technologies to simplify patient experience and deliver clear results in approximately 15 minutes.
TMUS

Hot Stocks

08:32 EDT T-Mobile 'somewhat insulated' from inflation, says CEO Sievert - Comments taken from Q1 earnings conference call.
AAPL

Hot Stocks

08:30 EDT Apple: Self service repair available in US, to expand to additional countries - Apple announced Self Service Repair is now available, providing repair manuals and genuine Apple parts and tools through the Apple Self Service Repair Store. Self Service Repair is available in the US and will expand to additional countries - beginning in Europe - later this year. The new online store offers more than 200 individual parts and tools, enabling customers who are experienced with the complexities of repairing electronic devices to complete repairs on the iPhone 12 and iPhone 13 lineups and iPhone SE such as the display, battery, and camera. Later this year the program will also include manuals, parts, and tools to perform repairs on Mac computers with Apple silicon. To start the Self Service Repair process, a customer will first review the repair manual for the product they want to repair by visiting support.apple.com/self-service-repair. Then, they can visit the Apple Self Service Repair Store and order the necessary parts and tools. Every genuine Apple part is designed and engineered for each product, and goes through extensive testing to ensure the highest quality, safety, and reliability. The parts are the same ones - at the same price - as those available to Apple's network of authorized repair providers. For certain repairs, customers will receive a credit when returning a replaced part for recycling.
ACHV

Hot Stocks

08:30 EDT Achieve Life Sciences trading resumes
PRAX

Hot Stocks

08:29 EDT Praxis Precision Medicines to host 2022 Epilepsy Day - Praxis Precision Medicines will host its 2022 Epilepsy Day live in New York City and via webcast from 8:30 to 11:30 a.m. ET. Key highlights of the event include: An overview of Praxis' proprietary innovation strategy, driven by its understanding of genetics and translational tools, to rapidly discover and develop targeted CNS drugs, which has led to an epilepsy portfolio representing a multi-billion-dollar market opportunity; Updates from Praxis' three most advanced epilepsy programs, each of which is expected to be clinical stage by year-end 2022: PRAX-222: Investigational New Drug submitted to the U.S. Food and Drug Administration proposing a seamless study design for SCN2A patients with early-onset seizures; PRAX-562: Preliminary 28-day exposure Phase 1 data supports long-term dosing with an unprecedented therapeutic window for sodium channel blockers. A Phase 2 clinical study in cohorts of children with SCN2A epilepsy, SCN8A epilepsy, and Tuberous Sclerosis Complex is expected to initiate in 2H2022 ; PRAX-628: Expected initiation of a Phase 1 study in the fourth quarter of 2022 and a Phase 2 study in focal epilepsy in 2023. A review of the significant progress in Praxis' early-stage epilepsy pipeline, including plans to declare antisense oligonucleotide candidates for PRAX-080 for PCDH19 and PRAX-090 for SYNGAP1 in 2023. A discussion by world-renowned epilepsy experts of the unmet need in clinical management of epilepsy today and perspective on the opportunity for precision-based therapies.
AAMC

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08:28 EDT Altisource Asset Management announces stock purchases by directors, officers - Altisource Asset Management Corporation announced that Ricardo Byrd and John de Jongh, Jr., directors of the Company, and Stephen Krallman, CFO of the Company have purchased 1,886, 1,000 and 2,000 shares of the Company's common stock, respectively. The Company also announced that its newly appointed President and COO Jason Kopcak, has purchased 5,000 shares of the Company's common stock. The purchases of Messrs. Byrd, de Jongh, Jr, and Krallman will be reflected in each of their amended Form 4s which will be filed on a timely basis and Mr. Kopcak's purchases will be reflected in his initial Form 3 after he begins employment with the Company. The Company continues to execute on its plan for building the Alternative Lending Group through purchasing loans and building a loan origination business. The Company also continues to assess opportunities in the Crypto ATM space. Mr. Kopcak will join the Company in May 2022.
SAVA

Hot Stocks

08:27 EDT Cassava says NYT reporter failed to report conflicts, 'misrepresented' company - In a letter that Cassava Sciences sent to the Science Editor of the New York Times that was disclosed in a regulatory filing, the company stated in part: "Regarding The New York Times article, 'Scientists Question Data Behind an Experimental Alzheimer's Drug', by Apoorva Mandavilli (April 18, 2022): we're disappointed the reporter relied almost exclusively on sources known to be critical of Cassava Sciences, failed to report on conflicts of interests and misrepresented our Company. It appears this reporter had a pre-set narrative and wrote an article to fill in the plot. That hardly fits with The New York Times' reputation of producing a solid, fair investigative piece. The reporter states she contacted nine sources. Seven of those had previously made critical, negative statements about Cassava Sciences, all readily accessible by Google or Twitter search. By double-tapping into sources known to be negative, the reporter seems to have exploited a negativity bias to make a pre-determined point. This flies in the face of objectivity... Cassava Sciences competes zealously with large and small biopharmaceutical companies, but we deal with competitors openly and honestly. We do not invent obstacles to hamstring their efforts. Like the New York Times, we observe standards that govern our dealings with critics and colleagues alike. We only wish the New York Times reporter had treated us the same way. From the onset of the short attack against Cassava Sciences I have said that allegations of research misconduct are false. I believe in our science, our people, our clinical programs and our academic collaborator at CUNY, Professor Hoau-Yan Wang. Some of our vocal critics made obscene amounts of money using extreme tactics: filing a Citizen Petition with FDA, reaching out to government agencies and launching a campaign against us. We are disappointed The New York Times reporter failed to see through this agenda. Those who stifle potential new treatments for Alzheimer's are attacking patients, pure and simple. The burden of Alzheimer's is devastating. Patients' lives are at stake, and our drug may help. In the end, proof will be in the clinical data itself. Phase 3 studies will prove or disprove the safety and efficacy of simufilam in Alzheimer's disease. The rest may be noise, competition, profiteering or sour grapes. I had hoped a fair-minded reporter would see and report it as such." Reference Link
MMAT

Hot Stocks

08:24 EDT Meta Materials appoints George Francis as CIO - Meta Materials announced the appointment of Mr. George Francis to the newly created position of Chief Information Officer. Mr. Francis brings over twenty-five years of experience across a diverse range of industries, including manufacturing, retail, distribution, services, and SaaS. He will lead the Company's design and implementation of IT architecture, systems, and cyber security, ensuring that META's information technology capabilities are state-of-the-art and more than adequate to meet all ongoing global regulatory and compliance requirements. He will also provide valuable insights into potential monetization of the data that META's emerging products are likely to generate. Mr. Francis joins META from Domtar, Inc., a fiber-based products company he joined in 2009
AREC

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08:23 EDT American Resources joins global Rare Earth Industry Association - American Resources Corporation announced that it has joined the global Rare Earth Industry Association, an international non-profit organization representing the global rare earth element industry.
DNAY

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08:22 EDT Codex DNA unveils automated synthetic biology solutions for engineering - Codex DNA announced its speaker lineup for presentations at the PEGS Boston Conference and Expo, which is being held on May 2-6, 2022. The company will be showcasing its proprietary short oligo ligation assembly, SOLA, enzymatic DNA synthesis, EDS, approach and its automated BioXp system and RapidAMP technology for antibody and protein engineering of biologic drug workflows. "The PEGS Boston conference is recognized as one of the leading international meeting places for the biotherapeutics community," said Todd R. Nelson, PhD, CEO of Codex DNA. "The Codex DNA team is looking forward to meeting with these visionary scientists to discuss how our automated synthetic biology solutions can remove the antibody sequence cloning bottleneck and accelerate therapeutic development." The combination of Codex DNA's automated BioXp system and RapidAMP technology enables researchers to synthesize lead candidate variable domains, clone them into expression vectors, and amplify the resulting plasmids to transfection scale with the push of a button. The BioXp RapidAMP cell-free DNA amplification kit contains all of the Gibson Assembly reagents necessary to amplify error-corrected genes cloned into either a made-to-stock or customer vector to make up to 10 micrograms of DNA. FEATURED PRESENTATION: "Optimizing production workflows with the BioXp system: Overcoming process bottlenecks utilizing automated end-to-end synthetic biology solutions from Codex DNA."
DKNG

Hot Stocks

08:19 EDT DraftKings announces Mike Golic Jr. joins, to host new podcast - DraftKings has announced the signing of former Notre Dame Football player and television personality, Mike Golic Jr. In his first project with DraftKings, Golic Jr. will partner with former teammate, Brandon Newman. "GoJo," a new daily podcast scheduled to debut on May 2, will offer a unique perspective on topics across sports and culture. The hour-long video podcast will air five days a week. Monday through Friday, the duo will break down the biggest games of the week while hosting regular guests and larger than life personalities across sports and media. "Mike's addition to the media family is another example of DraftKings partnering with high-profile talent and trusted personalities across sports media," said Stacie McCollum, Vice President of Programming at DraftKings. "Leveraging his strong social currency, he and Brandon will tackle subjects that represent the broader interests and hobbies of today's sports fan."
CNO

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08:18 EDT CNO Financial aquires strategic minority interest in Rialto Capital - CNO Financial has acquired a strategic minority interest in Rialto Capital and agreed to invest in a number of Rialto-managed investment vehicles. Rialto is an investment and asset management platform focused on the commercial real estate sector with $14.2B in assets under management. CNO's minority interest joins funds managed by Stone Point Capital and Rialto's management team as continuing owners of the business. Financial terms of the transaction were not disclosed.
ACHV

Hot Stocks

08:17 EDT Achieve Life announces results from Phase 3 ORCA-2 trial of cytisinicline - Achieve Life Sciences announced positive topline results from the Phase 3 ORCA-2 trial of cytisinicline. ORCA-2 was designed to evaluate the efficacy and safety of 3mg cytisinicline dosed 3 times daily for a period of 6-weeks or 12-weeks compared to placebo in 810 adult smokers. Subjects were monitored for smoking abstinence for 24 weeks post randomization and received standard behavioral support for the duration of the trial. The primary endpoints for ORCA-2 were biochemically verified continuous abstinence measured during the last 4 weeks of treatment. Both the 6- and 12-week cytisinicline treatments demonstrated significantly better quit rates than placebo with odds ratios of 8.0 and 6.3, respectively. Subjects who received 12 weeks of cytisinicline treatment had 6.3 times higher odds, or likelihood, to have quit smoking during the last 4 weeks of treatment compared to subjects who received placebo. The abstinence rate during weeks 9-12 was 32.6% for cytisinicline compared to 7.0% for placebo. Subjects who received 6 weeks of cytisinicline treatment had 8 times higher odds, or likelihood, to have quit smoking during the last 4 weeks of treatment compared to subjects who received placebo. The abstinence rate during weeks 3-6 was 25.3% for cytisinicline compared to 4.4% for placebo. The secondary endpoints measured continuous abstinence after treatment out to 24 weeks. Both the 6- and 12-week secondary endpoints demonstrated significantly better quit rates for cytisinicline treated subjects than placebo. The continuous abstinence rate from week 9 to 24 was 21.1% for the 12-week cytisinicline arm compared to 4.8% for placebo, with an odds ratio of 5.3. The continuous abstinence rate from week 3 to 24 was 8.9% for the 6-week cytisinicline arm compared to 2.6% for placebo, with an odds ratio of 3.7. Cytisinicline was well tolerated with no treatment-related serious adverse events reported. "These strongly positive results are extremely encouraging, and we are thrilled for the successful quitters, whom after decades of smoking and multiple attempts, were finally able to kick the habit thanks to cytisinicline and the ORCA-2 trial," commented John Bencich, CEO of Achieve Life Sciences. "These data confirm that cytisinicline, if approved by the FDA, has the potential to become the first new agent approved in nearly two decades and an important treatment option for smoking cessation, which is much needed given the limitations, particularly the significant side effects associated with existing agents. We would like to thank the investigators, healthcare providers, and subjects whose commitment and efforts to ORCA-2 made this trial a success."
GBOX

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08:16 EDT GreenBox changes auditor to Simon & Edward - GreenBox POS announced that it has appointed Simon & Edward, an independent member of the BDO Alliance USA, as the Company's new registered public accounting firm, effective April 19, 2022. The change from BF Borgers CPA was made after a careful evaluation process carried out by the Audit Committee of the Board of Directors of the Company and not related to any disagreement between the Company and BF Borgers. Additional information can be found in the Company's recent 8-K filing.
MGNI

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08:16 EDT Magnite launches Deal Discovery interface - Magnite announced the launch of Deal Discovery, a self-service user interface to streamline PMP and Auction Package deal creation for a variety of formats. Using the Deal Discovery tool, buyers can curate open market inventory, request PMP deals in minutes, and surface under-exposed audiences by layering in their first-party data and other campaign parameters. Deal Discovery provides buyers with access to addressability, improved workflow, and greater overall PMP campaign visibility.
ABOS

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08:15 EDT Acumen announces Frontiers in Neuroscience published preclinical data on ACU193 - Acumen Pharmaceuticals announced that Frontiers in Neuroscience published a summary of preclinical evidence supporting ACU193, a monoclonal antibody that selectively targets toxic soluble AB oligomers for the potential treatment of early Alzheimer's disease. The article is titled "ACU193: An immunotherapeutic poised to test the amyloid B oligomer hypothesis of Alzheimer's disease." "We are increasingly learning more about the specific roles certain entities in the amyloid cascade, like ABOs, play in Alzheimer's disease pathology," said Eric Siemers, M.D., Chief Medical Officer at Acumen Pharmaceuticals and co-author of the publication. "We believe targeting ABOs remains a promising approach because evidence suggests they are the most toxic form of AB and may be responsible for the memory impairment and cognitive decline in Alzheimer's patients. We expect our ongoing Phase I clinical trial of ACU193 to provide further explanatory information and proof of mechanism data that will potentially pave the way towards testing of this hypothesis in larger studies. We look forward to sharing the results from our Phase I clinical trial once available." Acumen believes ACU193 has many essential properties needed for a successful therapeutic and selectively binds to ABOs. Preclinical data highlights in the publication on ACU193 include: ACU193 selectively binds ABOs with 650-fold selectivity compared to AB monomers with limited to no binding to fibrillar AB in vitro; ACU193 prevents ABO-induced disruption of long-term potentiation; ACU193 can bind to a wide range of ABOs with varying molecular weights; The parent of ACU193, called ACU3B3, prevents ABO-induced disruption of calcium homeostasis, an early sign of cellular dysfunction; ACU3B3 significantly improved behavioral deficits across various assessments when administered to animal models at an age when ABO levels were measurable but prior to plaque deposition.
CFRX

Hot Stocks

08:15 EDT ContraFect announces data presentations on CF-370 - ContraFect Corporation announces presentation data showing DLA CF-370 is highly efficacious in a rabbit pneumonia model of a particularly hard-to-treat, extensively-drug-resistant strain of Pseudomonas aeruginosa, and also has the ability to both avoid antimicrobial resistance and suppress antibiotic resistance to commonly-used antibiotics in vitro. These data were recently presented at the 32nd European Congress of Clinical Microbiology & Infectious Diseases Annual Meeting held from April 23-26, 2022 in Lisbon, Portugal. CF-370 ECCMID 2022 Presentations: The studies discussed below further strengthen the potential for a new treatment paradigm of CF-370 used in addition to antibiotics, to achieve optimal efficacy outcomes for patients. In addition to the efficacy data, multiple serial passage studies highlight the favorable resistance profile of CF-370, including the potential ability to suppress resistance to current standard of care antibiotics. These attributes underpin the potential ability of direct lytic agents to mitigate antimicrobial resistance. Oral Presentation Title: In vivo efficacy of CF-370 alone and in addition to amikacin in the rabbit acute pneumonia model caused by an extensively drug-resistant Pseudomonas aeruginosa, AR-769 In this challenging rabbit model of pulmonary infection, multiple dose regimens of CF-370 administered alone and in addition to amikacin, significantly reduced bacteria counts by ~3.0 log10 cfu/g tissue compared to amikacin alone and by ~4.5 log10 cfu/g tissue compared to vehicle controls. Statistically significant reductions of bacteria counts in secondary organs of interest, the spleen and the kidney, were seen when CF-370 was administered in addition to amikacin compared to the administration of amikacin alone. Poster Presentations: Title: Lysin CF-370 exhibits a low propensity for decreased susceptibility in Gram-negative ESKAPE pathogens Utilizing the standard, rigorous 28-day serial passage method to induce in vitro resistance, CF-370 demonstrated an extremely low propensity for developing decreased susceptibility to the Gram-negative ESKAPE pathogens and Escherichia Coli. CF-370's minimum inhibitory concentration values did not change, except for a 2-fold increase with Enterobacter cloacae compared to MIC increases ranging from 32-fold to 512-fold for levofloxacin and ciprofloxacin. Title: Lysin CF-370 suppresses in vitro resistance in Pseudomonas aeruginosa to meropenem, tobramycin and levofloxacin Using the 28-day serial passage method discussed above, CF-370 further demonstrated the ability to suppress in vitro resistance in P. aeruginosa to current standard of care antibiotics - meropenem, tobramycin and levofloxacin. With the addition of only 1/8x MIC of CF-370, resistance of P. aeruginosa was completely suppressed to both tobramycin and levofloxacin and increased only 2-fold to meropenem, compared to 4-fold, 16-fold and 32-fold MIC changes without CF-370. CF-370 and Amurins ECCMID 2022 Poster Presentation: Title: Direct lytic agents, a novel family of antimicrobial agents, have a low propensity for decreased susceptibility in Gram-negative pathogens associated with airway infection in Cystic Fibrosis Using the 28-day serial passage method discussed above, the Company's DLAs, including CF-370 and the lead molecules from its amurin peptide program, all demonstrated an extremely low propensity for developing decreased susceptibility to Gram-negative pathogens associated with respiratory infections in Cystic Fibrosis patients - P. aeruginosa, Stenotrophomonas maltophilia, and Achromobacter xylosoxidans. All DLAs tested had no change to MIC values compared to MIC increases ranging from 32-fold to 256-fold for levofloxacin and ciprofloxacin. Exebacase ECCMID 2022 Poster Presentations: Title: In vitro activity of exebacase against contemporary beta-haemolytic streptococci recovered from US patients with bloodstream infections Exebacase demonstrated activity against a total of 149 BHS recovered from blood cultures collected as part of the SENTRY antimicrobial surveillance program, representing 5.2% of US BSI in the program. Exebacase MIC values ranged from 0.5-4.0 mg/L against Streptococcus agalactiae, Streptococcus pyogenes, and Streptococcus dysgalactiae, warranting further study of the potential for exebacase to treat BSI caused by BHS. The studies below describe the optimization and expanded use of the exebacase MIC method in order to test additional target pathogens, such as beta-hemolytic streptococci, that have not been studied in clinical trials, but are relevant to bloodstream infections, including right-sided endocarditis. These studies are being performed in late-stage development to evaluate in vitro activity of exebacase against contemporary target pathogens relevant to the patient population under investigation in Phase 3 and for consideration of potential inclusion in product labeling. Title: Evaluation of the broth microdilution MIC method for exebacase against 100 beta-haemolytic streptococci Title: Assessment of exebacase MIC reproducibility: Thirty S. aureus isolates tested at three sites using three different commercial media lots
SBEV

Hot Stocks

08:12 EDT Splash Beverage extends distribution into upper midwest - Splash Beverage announced an agreement with Wisconsin-based Beechwood Sales & Service that will provide for distribution of TapouT performance drinks throughout the state of Wisconsin. Robert Nistico, CEO of Splash commented, "Our strategic expansion through key portions of the US continues with our agreement with Beechwood Sales & Service. Along with other recent agreements such as Tri County Beverage in Michigan, Beechwood takes us even deeper into the heavily populated Upper Midwest. We're honored to be partnered with Beechwood, which has been named by the Milwaukee Journal Sentinel as one of the Top Work Places in Southeastern Wisconsin. Our agreement calls for full state coverage for TapouT, and we look forward to continuing our growth with them. "
ACRX

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08:12 EDT AcelRx to host KOL webinar on Niyad nafamostat program - AcelRx Pharmaceuticals announced that it will host a Key Opinion Leader webinar on Wednesday, May 4, 2022 at 1:00 pm Eastern Daylight Time. The webinar will discuss its recently acquired late-stage product candidate, Niyad, a lyophilized form of nafamostat, a regional dialysis anticoagulant already approved in Japan and Korea. In the U.S., the Food and Drug Administration has granted Niyad Breakthrough Device Designation status for injection into the extracorporeal circuit, the most commonly known being dialysis machines, to prevent clotting and ensure effective treatment is provided to the patient. The webinar will feature presentations from two internationally renowned acute kidney injury experts, Stuart Goldstein, MD, from Cincinnati Children's Hospital, and Lakhmir Chawla, MD, former Chief of the Division of Intensive Care Medicine at the Washington D.C. Veterans Affairs Medical Center, who will discuss the unmet medical need for anticoagulation of the extracorporeal circuit. There are currently no FDA-approved regional anticoagulants for use in this setting. Niyad is being regulated as a device by the FDA and has been approved and used in Japan and Korea for several decades. Nafamostat is a broad-spectrum, synthetic serine protease inhibitor, and, in addition to anticoagulant properties, it also has anti-inflammatory properties and potential anti-viral activities. LTX-608 is a separate product candidate in the nafamostat program, with potential development by AcelRx for multiple conditions - including as a treatment for disseminated intravascular coagulation and as an anti-viral treatment for COVID-19 and other indications.
HTBX

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08:11 EDT Heat Biologics' Elusys delivered ANTHIM to Canadian Government - Heat Biologics, to be renamed NightHawk Biosciences, announced to shareholders that its Elusys Therapeutics subsidiary has finalized a contract with the Canadian government to deliver ANTHIM, a treatment for inhalation anthrax, for use against a potential anthrax attack. ANTHIM will be delivered to Canada's National Emergency Strategic Stockpile under a procurement contract totaling CAD $7.9M. The goal of this program is to establish a Canadian supply of Anthim for use as a medical countermeasure against natural and man-made anthrax biothreats. Jeff Wolf, CEO of Nighthawk and its Elusys subsidiary, commented, "We are excited to announce this first international contract to supply ANTHIM(R) to Canada, which is particularly timely given the growing global geopolitical uncertainty and emerging threats. This agreement follows our recent acquisition of Elusys, which complements our broader biodefense initiatives. We are focused on expanding sales of ANTHIM(R), abroad and this first international contract is an important validation of our strategy."
TLS

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08:10 EDT Telos announces Xacta 360 Lite for CMMC VMI offering - Telos Corporation announced its new Xacta 360 Lite for Cybersecurity Maturity Model Certification Virtual Machine Infrastructure offering to automate and streamline the activities required for CMMC assessment. CMMC is a unifying standard developed by the U.S. Department of Defense to ensure that members of the defense supply chain apply sound cybersecurity and risk management practices in order to protect federal contract and controlled unclassified information. There are approximately 300,000 federal contractors that need to adhere to CMMC. In addition to traditional federal contractors, higher education and other organizations conducting research on behalf of the government will also need to comply with CMMC. Available on the Azure Marketplace, Xacta 360 Lite CMMC VMI helps users quickly and easily navigate the CMMC assessment process from end-to-end. Developed to support contractors and vendors that require self-attestation or need to prepare for CMMC certification and assessment by a CMMC Third Party Assessment Organization, the Xacta 360 Lite CMMC VMI is a turnkey solution that is easy to set up and navigate. Customers can use up to five CMMC licenses for unique CMMC efforts, in addition to gaining access to basic training videos to help ease concerns and streamline the assessment process.
TPST

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08:09 EDT Tempest Therapeutics announces private placement financing of $15M - Tempest Therapeutics announced a $15 million private investment in public equity financing from the sale of 3,149,912 shares of its common stock at a price per share of $2.36 and, in lieu of shares of common stock, pre-funded warrants to purchase up to 3,206,020 shares of its common stock at price per pre-funded warrant of $2.359 to EcoR1 Capital, LLC and Versant Venture Capital. Gross proceeds from the PIPE financings total approximately $15.0 million, before deducting offering expenses. The closing of the PIPE financing is subject to customary closing conditions and is expected to close by April 29, 2022.
AMSC

Hot Stocks

08:09 EDT AMSC announces $24M of new energy power systems orders - AMSC announced $24M of new energy power systems orders. This includes orders for reactive compensation, enclosed capacitor banks, harmonic filters, voltage controllers, rectifiers and transformers. "As the world gears up for decarbonization to slow down climate change and create a path for a more sustainable world, so does the increased demand for renewable energy, semiconductors, and key materials for the new green economy, such as metals, mining, and chemicals," said Daniel McGahn, Chairman, President and CEO, AMSC. "We are experiencing a great start to fiscal 2022 with strong bookings of new energy power systems." AMSC's new energy power systems solutions include D-VAR and VVO offerings as well as NEPSI and Neeltran businesses. Along with Neeltran, AMSC offers power conversion products. These products include transformers and rectifiers. Additionally, the systems help utilities manage their power quality concerns and expand grid capacity for renewable distributed generation.
HRMY

Hot Stocks

08:08 EDT Harmony Biosciences begins Phase 3 trial of pitolisant in idiopathic hypersomnia - Harmony Biosciences initiated its Phase 3 trial evaluating the efficacy and safety of pitolisant in adult patients with idiopathic hypersomnia, known as the INTUNE study. IH is a rare and chronic neurological disease that is characterized by excessive daytime sleepiness despite sufficient or even long sleep time. The number of patients diagnosed with IH in the U.S. ranges from 30,000 - 40,000. The INTUNE study's primary objective is to evaluate the efficacy and safety of pitolisant compared with placebo in treating EDS in adult patients with IH. Pitolisant is marketed as Wakix in the U.S. for the treatment of EDS or cataplexy in adult patients with narcolepsy.
ALLO

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08:07 EDT Allogene Therapeutics receives FDA ODD for ALLO-605 - Allogene Therapeutics announced that the U.S. Food and Drug Administration, FDA, has granted orphan-drug designation, ODD, to ALLO-605, the company's next-generation AlloCAR T product candidate targeting BCMA for the treatment of multiple myeloma. ALLO-605 is the Company's first TurboCAR product candidate. The FDA granted Fast Track designation to ALLO-605 in Q2 2021 based on the potential for the product candidate to address an unmet need for patients who have failed other standard multiple myeloma therapies. The Phase 1 study evaluating ALLO-605 is ongoing. "Orphan-drug designation marks an important step towards developing our anti-BCMA portfolio for patients with multiple myeloma and making allogeneic CAR T products readily available for patients," said Rafael Amado, M.D., Executive Vice President of Research and Development and Chief Medical Officer. "We look forward to providing an update on our BCMA clinical assets by the end of the year with an eye toward prioritizing a strategy for the next stage of development."
ERAS SGEN

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08:07 EDT Erasca appoints Jean Liu to board of directors - Erasca announced the appointment of Jean Liu to its board of directors and to its audit committee. She currently serves as the chief legal officer of Seagen Inc., a global, multiproduct, oncology focused biotechnology company.
DPRO

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08:06 EDT Draganfly says Perry County Schools purchases Vital Intelligence Smart Kiosks - Draganfly announced that the company's Vital Intelligence Smart Vital Kiosks have been implemented in Perry County, Alabama by the Perry County School District. Perry County Schools is a public school district serving students from pre-kindergarten to grade 12. Powered by Draganfly's Vital Intelligence platform, the Smart Vital Kiosks can screen, with voluntary consent, temperature, blood pressure, heart rate, respiratory rate and oxygen saturation in seconds. "Every student has the right to a safe learning environment. We are incredibly grateful for the opportunity to work with Perry County Schools to uphold that commitment. Our Vital Intelligence platform adds another layer of health security, which will help provide peace of mind inside and outside of the classroom," said Cameron Chell, CEO of Draganfly.
WSC

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08:06 EDT WillScot Mobile Mini acquires regional storage services provider - WillScot Mobile Mini Holdings announced that it has acquired the rental fleet and related assets from Decatur Container Sales and Rentals. The transaction was funded with cash on hand and borrowings under the Company's revolving credit agreement. This acquisition adds over 1,900 storage units to the Company's existing markets in Alabama, Mississippi, Georgia and Southern Tennessee.
HTZ

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08:06 EDT Hertz appoints Ned Ryan as Chief Product Development Officer - Hertz announced that Ned Ryan will join the company as Chief Product Development Officer, effective May 9. Ryan launched Breeze in 2013, the first flexible rideshare financing platform, which was purchased by Ford in 2016. He also founded Canvas, a vehicle subscription service that was purchased by Fair.com at the end of 2019. Ryan most recently served in a senior capacity at Ford.
BEEM

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08:04 EDT Beam Global awarded Federal BPA for EV charging infrastructure - Beam Global announced the U.S. General Services Administration Office of Fleet Management awarded Beam Global a Federal Blanket Purchase Agreement for Electric Vehicle Supply Equipment and Ancillary Services. The award provides federal agencies and organizations a streamlined procurement process to purchase EV ARC sustainable EV charging systems in support of the government's initiative for the electrification of the federal vehicle fleet. Beam Global was previously also awarded GSA Multiple Award Schedule Contract Number 47QSWA21D0006. On February 10, 2022 the Federal Highway Administration published the National Electric Vehicle Infrastructure Formula Program Guidance. The front cover of the guidance document which provides funding eligibilities, and program guidance for implementation of historic investments in electric vehicle charging infrastructure, uses a photograph of Beam Global's products fast charging an EV in a California rest stop. There are no other photographs in the document. Some in government are calling for at least 25% of all EV charging stations to be supplied by locally generated and stored electricity which continues to operate during grid failures. The federal fleet is comprised of approximately 657,500 vehicles. Last year President Biden signed Executive Order 14008 and subsequent Executive Order 14057 with its accompanying Federal Sustainability Plan which calls for 100% Zero-Emission Vehicle Acquisitions by 2035, including 100% light-duty acquisitions by 2027. This will prioritize and accelerate a Federal Clean Electricity and Vehicle Procurement Strategy, calling for clean and zero emissions vehicles for federal, state, local and tribal government fleets, including vehicles of the United States Postal Service.
ABT

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08:04 EDT Abbott, CamDiab and Ypsomed to develop automated insulin delivery system - Abbott, CamDiab and Ypsomed are partnering to develop and commercialize an integrated automated insulin delivery system to help lessen the burden of round-the-clock diabetes management for people with diabetes. The initial focus of the partnership will be in European countries. The new integrated AID system is being designed to connect Abbott's FreeStyle Libre 3 continuous glucose monitoring sensor to CamDiab's CamAPS FX mobile app, which connects with Ypsomed's mylife YpsoPump - creating a process to deliver insulin based on real-time glucose data. The connected, smart wearable solution is designed to continuously monitor a person's glucose levels and automatically adjust and deliver the right amount of insulin at the right time, removing the guesswork of insulin dosing. The companies intend to complete development by end of 2022 with commercial availability expected thereafter.
MGTX LIAN

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08:03 EDT MeiraGTx appoints Debra Yu to board of directors - MeiraGTx Holdings (MGTX) announced the appointment of Dr. Debra Yu to its Board of Directors. Dr. Yu currently serves as President and Chief Strategy Officer of LianBio (LIAN), and previously served as LianBio's President and Chief Business Officer.
CLBS

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08:02 EDT Caladrius, Cend Therapeutics to merge in all-stock transaction - Caladrius Biosciences and Cend Therapeutics announced that the companies have entered into a definitive merger agreement under which Cend will merge with a wholly owned subsidiary of Caladrius in an all-stock approximate "merger of equals" transaction unanimously approved by the Boards of Directors of each company. Following closing, the combined company will be renamed Lisata Therapeutics and will trade on the Nasdaq under the ticker symbol "LSTA". The merger is currently expected to close in the third quarter of 2022 subject to the approval of Caladrius and Cend stockholders as well as the satisfaction of certain other customary closing conditions and applicable approvals. Following the closing of the merger, Lisata is expected to advance CEND-1 as its lead product candidate in a variety of difficult to treat solid tumor applications, including pancreatic ductal adenocarcinoma, where the product is being evaluated in ongoing Phase 1 and Phase 2 clinical studies with Cend and its partner in China, Qilu Pharmaceutical. CEND-1 is a proprietary cyclic peptide which undergoes protease mediated cleavage in the tumor microenvironment producing a C-end Rule or "CendR" peptide that potentiates transport across the tumor stroma and improves delivery of anticancer drugs to the tumor. Additional Phase 1b/2 PDAC clinical data is expected as early as 2023. Lisata also plans to initiate an additional trial in PDAC in combination with immunotherapy as well as a trial or trials exploring applications of CEND-1 in other difficult to treat solid tumors, such as hepatocellular, gastric and breast cancers along with additional therapeutic combinations. We see CEND-1's advancement as supported by compelling Phase 1b data previously presented at the 2020 European Society for Molecular Oncology, which not only demonstrated favorable safety and tolerability, but importantly, the potential for marked improvement in treatment effectiveness in combination with standard of care drugs for PDAC.1 With its unique tumor-targeted, tissue penetrating technology, we believe that the CendR Platform holds the potential to enable more effective solid tumor treatment for a range of emerging treatment modalities, including RNA-based drugs. We believe that this could provide Lisata with additional partnering and product opportunities to benefit cancer patients and Lisata shareholders. Under the terms of the definitive merger agreement, David J. Mazzo, Ph.D., current President and CEO of Caladrius will be the Chief Executive Officer of Lisata, David Slack, current President and CEO of Cend, will be Lisata's President and Chief Business Officer, and Kristen K. Buck, MD, current Executive Vice President of R&D and Chief Medical Officer, will continue in those roles with Lisata. Upon closing, shareholders of Cend will receive approximately 60.5 million shares of Caladrius common stock, subject to certain closing conditions, resulting in the shareholders of each company owning approximately 50% of the combined company. The transaction values each company at $90 million, which for Caladrius represents a 136% premium to its market cap as of the market close on April 26, 2022. At the effective time of the merger, the Board of Directors of Lisata is expected to comprise four directors designated by Caladrius and four directors designated by Cend, with the possibility of one additional independent director, whose appointment will be mutually agreed upon by both Caladrius and Cend.
NSC

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08:01 EDT Norfolk Southern reports Q1 operating ratio 62.8% - Norfolk Southern reported double-digit revenue and EPS growth in the quarter. "Our financial results in the first quarter were solid, despite current network challenges." said Alan Shaw, Norfolk Southern President. "I am confident that our efforts to improve our service through accelerated hiring and refinements to our operating plan will provide a platform for long-term growth and efficiency for both our customers and shareholders."
ACHV

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07:55 EDT Achieve Life Sciences trading halted, news pending
APPS

Hot Stocks

07:55 EDT Digital Turbine enters multiyear partnership with AccuWeather - Digital Turbine and AccuWeather, the weather forecast provider, announced a multiyear partnership leveraging Digital Turbine's full ad-stack across three areas: app distribution, audience development and in-app monetization solutions. Digital Turbine is to be the preferred global distributor of AccuWeather apps for native on-device inventory. Additionally, AccuWeather's portfolio of weather and weather-related content will be a preferred source for editorial placements within Digital Turbine's Content Media Solutions. App distribution is set to launch in Q2.
GIB

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07:46 EDT CGI Inc. enters pact to acquire Harwell Management, terms not disclosed - CGI announced that it has entered into an agreement for the acquisition, through its subsidiary CGI France SAS, of all of the shares of Harwell Management holding and their subsidiaries. Harwell Management is a management consulting firm specializing in the financial services industry and operating mainly within the French market. Founded in 2009, Harwell Management has approximately 150 consultants who support large financial institutions, including banks and insurers, in defining and executing purpose-driven strategies, adhering to ever-evolving regulations, building competitive advantage, and accelerating sustainable value and long-term growth. The signing of the share purchase agreement and completion of the acquisition would only take place after completion of the information and consultation procedures of the relevant employee representative bodies of Harwell Management and CGI France.
AMBS

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07:45 EDT Amarantus Bioscience to divest Cutanogen Corporation - Amarantus Bioscience Holdings released a letter to its shareholders announcing it has entered into a non-binding term sheet to sell the Company's Engineered Skin Substitute subsidiary, Cutanogen Corporation upon execution of definitive agreements. Additionally, the Company's Acting CEO Donald Huffman, a member of the Board of Directors, provided an update for shareholders about the future direction of the Company. Non-binding Term Sheet: The Cutanogen purchasers are a group of holders of the Company's senior secured and unsecured notes. Certain other note holders who are not part of the Group may also choose to participate with the Group. As payment, in exchange, the Noteholders will relieve the Company of between $21.5 million and $25.3 million of secured and unsecured debt and payables obligations related to the ESS program. The second part of the transaction is the Group's formation of a joint venture with a Contract Research Organization's venture capitalarm to finance and manage the further clinical development of the ESS program. Amarantus will share in the future returns of the joint venture after Noteholders have received a specified threshold amount. The key terms of the transaction are: Amarantus sells to the group of Noteholders its: subsidiary, Cutanogen Corporation, and 50,000,000 shares of Todos Medical Ltd. common stock in exchange for the extinguishment of: a minimum of $13,867,474 and up to $17,719,810 in secured and unsecured debt, and $7,581,828 in accounts payable associated with the ESS program, before a $500,000 cash payment against one of the payables, and a participation right to receive: 25% of all funds received by the Noteholders from the joint venture with the CRO VC after the Noteholders are fully repaid the value of the Notes and the ESS program accounts payable, and half of any remaining unsold Todos common stock will be returned to Amarantus if actual cash received by the Noteholders from the sale of Todos shares exceeds $13,867,474. Amarantus and the Group expect to complete the transaction in the second quarter of 2022.
ATHE

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07:44 EDT Alterity Therapeutics' Phase 2 trial of MSA candidate authorized in the U.K - Alterity Therapeutics announced that the U.K.'s Medicines & Healthcare products Regulatory Agency - MHRA - has accepted Alterity's clinical trial authorisation request to conduct its Phase 2 clinical trial for ATH434 in Multiple System Atrophy - MSA -, a rare and highly debilitating Parkinsonian disorder. The Phase 2 clinical trial is a placebo-controlled investigation of ATH434 in patients with early-stage MSA. The study will explore the effect of ATH434 treatment on imaging and protein biomarkers such as aggregating alpha-synuclein and excess iron, which are important contributors to MSA pathology. Patients will receive treatment for 12 months which will provide an opportunity to detect changes in efficacy endpoints to optimize design of a definitive Phase 3 study.
CTO

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07:44 EDT CTO Realty Growth announces three-for-one stock split - CTO Realty Growth announced that its Board of Directors has approved a three-for-one stock split of the Company's common stock to be effected in the form of a stock dividend. Each stockholder of record at the close of business on June 27, 2022, will receive two additional shares of the Company's common stock for each share held as of the Record Date. The new shares will be distributed on June 30, 2022. The Company's stock will begin trading at the post-split price on July 1, 2022. The Company's second quarter regular common stock cash dividend, which will apply to pre-split shares only, will not be impacted by the stock split. "We believe this stock split will improve the tradability and accessibility of our common stock for investors, is a strong indication of our attractive historical performance, and reflects our confidence in our ability to deliver sustainable, long-term growth for our stockholders," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth.
LILM

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07:43 EDT Lilium progresses toward EASA DOA with successful second audit - Lilium N.V. announced that it has successfully completed the second Design Organization Approval, DOA, audit by the European Union Aviation Safety Agency, EASA. DOA is a fundamental requirement for all commercial aircraft manufacturers and enables achievement of type certification of an aircraft. "The completion of the audit demonstrates that Lilium is following the rigorous design processes agreed with EASA and represents a further milestone on Lilium's path to type certification and subsequent serial production of its conforming aircraft," the company said. Two further EASA DOA audits will be required for Lilium to receive the organizational approval, which complements the certification and development program. The fourth and final EASA DOA audit and granting of EASA DOA is anticipated to coincide with type certification of the Lilium Jet.
GNTA

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07:41 EDT Genenta's Chair Squinto to step down to pursue opportunity, Sirgo to succeed - Genenta Science announced the nomination of Mark Sirgo, PharmD, an executive leader with over 35 years of pharmaceutical industry experience, as its new Chair. Stephen Squinto, PhD is stepping down from his role as Chair on May 1, 2022 to pursue a new business opportunity. Dr. Sirgo most recently was CEO of Aruna Bio, a preclinical biotech company developing neural stem cells for the treatment of neurological disorders.
SLDB

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07:41 EDT Solid Biosciences expects cash to fund operations into 2Q24 - Solid had $180.1 million in cash, cash equivalents and available-for-sale securities as of March 31, 2022. The company expects that its cash, cash equivalents and available-for-sale securities will enable Solid to fund its operations and capital expenditures into the second quarter of 2024.
SLDB

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07:40 EDT Solid Biosciences to reduce headcount by 35%, COO Joel Schneider to depart - The company announced a reorganization of its corporate operations to prioritize the advancement of its key programs, SGT-001 and SGT-003. Solid anticipates that the use of transfection-based manufacturing processes for both SGT-001 and SGT-003 will allow the company to focus its operating structure and better leverage external manufacturing expertise. In addition, the company plans to narrow Research & Development activities to those related to SGT-001, SGT-003 and next generation capsids. In connection with these activities, the company will reduce its headcount by approximately 35 percent. The reorganization will result in a reduction in planned corporate expenditures which is anticipated to extend funding of operations through important clinical milestones and into Q2 2024. Joel Schneider, Ph.D., Solid's COO, will also be leaving the company at the end of May to accept a role as the CEO for a privately held novel, viral-based gene therapy platform company.
CMCSA CHTR

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07:40 EDT Comcast, Charter form joint venture to develop streaming platform - Charter (CHTR) and Comcast (CMCSA) announced that the two companies have formed a 50/50 joint venture to develop and offer a streaming platform on a variety of branded 4K streaming devices and smart TVs, providing consumers with a user experience and navigation, all the apps, and more choice in the streaming marketplace. The joint venture will offer app developers, streamers, retailers, operators, and hardware manufacturers the opportunity to reach customers in major markets across the country with the platform. Comcast will license Flex, its aggregated streaming platform and hardware to the joint venture, contribute the retail business for XClass TVs and also will contribute Xumo, a streaming service it acquired in 2020. Charter will make an initial contribution of $900M, funded over multiple years. The XClass TVs will be available through national retail partners and potentially direct from Comcast and Charter to provide more customer choice. The closing of the joint venture is subject to customary closing conditions. This joint venture does not involve the broadband or cable video businesses of either Comcast or Charter which will remain independent.
THTX

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07:39 EDT Theratechnologies to focus commercialization activities on North America only - Theratechnologies announced that it will focus its commercialization activities on the North American territory only and, as a result, will cease its Trogarzo commercialization operations in Europe. The Company has sent a notice of termination to TaiMed Biologics as per its contractual obligations and will return the European commercialization rights to Trogarzo for TaiMed within the next 180 days. TaiMed is currently considering options for the continued commercial availability of Trogarzo in Europe. "It is unfortunate that we had to come to this conclusion, but the pricing and reimbursement conditions for Trogarzo in key European countries were not satisfactory to Theratechnologies. While Trogarzo is an important and effective therapy for people living with HIV-1, the continued commercial sale of Trogarzo at the proposed pricing and reimbursement conditions by various European governments would have resulted in continuing losses for Theratechnologies. We intend to honor our regulatory obligations vis-a-vis patients who are currently receiving Trogarzo over the required period of time, and we will work with TaiMed to evaluate their options regarding the continued commercial availability of Trogarzo in Europe", said Paul Levesque, President and Chief Executive Officer, Theratechnologies. "The effect of such a decision means that we will restructure our wholly-owned Dublin-based subsidiary and let go some of our colleagues. However, not everyone will be impacted by this decision as some roles which provide services to our global operations will be retained. This decision will in no way impact our commitment to providing our innovative medicines, Egrifta SV and Trogarzo, to North American patients, as we continue to focus on the execution of our aggressive growth plans in the United States", added Levesque.
BA

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07:39 EDT Boeing continues to see passenger traffic returning to 2019 levels in 2023-2024 - Sees return to long-term trend "a few years thereafter." Notes that February cargo traffic was roughly 12% above 2019 levels. Says war in Ukraine creating near-term challenges. Sees first delivery of the 777-9 in 2025. Comments taken from Q1 earnings conference call presentation slides.
SLDB

Hot Stocks

07:39 EDT Solid Biosciences to focus on developing SGT-001, SGT-003 - Solid Biosciences announced an update to its strategic priorities to focus on developing SGT-001 and SGT-003. On March 14, 2022, Solid released data demonstrating that patients showed sustained benefit compared with natural history trajectories two years after treatment with SGT-001 across functional, pulmonary and patient reported outcome measures. As the company focuses on advancing SGT-001, it will be streamlining operations and making the strategic shift to a commercially scaled transient transfection-based manufacturing process. Following a robust manufacturing analysis, Solid believes that a new, outsourced process may provide improvements to manufacturability as well as additional organizational efficiencies. The company also announced that it has concluded enrollment in IGNITE DMD, its Phase 1/2 clinical trial for SGT-001, and will continue monitoring dosed patients for five years post-treatment. The company anticipates that future patients will be treated with SGT-001 manufactured using the new transient transfection-based process. Solid currently expects to continue dosing with SGT-001 in 2023. Today, Solid released new preclinical data suggesting that a novel, next generation capsid candidate may have meaningful advantages for the delivery of muscle-related gene therapies. New data from a non-human primate study using a reporter transgene in Solid's novel capsid demonstrated increased muscle tropism, decreased liver biodistribution and improved efficiency compared with AAV9. These results are consistent with earlier in vitro and in vivo studies in both dystrophic and wild type mouse models, which suggested improved muscle tropism with Solid's novel capsid as well as improved expression of Solid's microdystrophin compared with AAV9. Solid's novel, muscle tropic capsid has been combined with the company's differentiated microdystrophin for the SGT-003 program for Duchenne. The company remains on track for an early 2023 IND submission for SGT-003.
BA

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07:36 EDT Boeing reports Q1 commercial airplane deliveries of 95 vs. 77 a year ago - Boeing has nearly completed the global safe return to service of the 737 MAX and the fleet has flown more than one million total flight hours since late 2020. The 737 production rate continues to increase and is expected to increase to 31 airplanes per month during the second quarter. On the 787, the company has submitted the certification plan to the FAA. Rework has been completed on the initial airplanes and the company continues to work closely with the FAA on timing of resuming deliveries. The program is producing at a very low rate and will continue to do so until deliveries resume, with an expected gradual return to five per month over time. The company continues to anticipate 787 abnormal costs of approximately $2 billion, with most being incurred by the end of 2023, including $312 million recorded in the quarter. During the quarter, the company launched the 777-8 Freighter with an order from Qatar Airways. Delivery of the first 777-9 airplane is now expected in 2025, which reflects an updated assessment of the time required to meet certification requirements. To minimize inventory and the number of airplanes requiring change incorporation, the 777-9 production rate ramp is being adjusted, including a temporary pause through 2023. This will result in approximately $1.5 billion of abnormal costs beginning in the second quarter of this year and continuing until 777-9 production resumes. The 777 program is also leveraging the adjustment to the 777-9 production rate ramp to add 777 Freighter capacity starting in late 2023. Commercial Airplanes delivered 95 airplanes during the quarter and backlog included nearly 4,200 airplanes valued at $291 billion.
CSTL

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07:35 EDT Castle Biosciences announces publication of TissueCypher study - Castle Biosciences announced an independent, peer-reviewed article published in Clinical Gastroenterology and Hepatology. The study reinforces the ability of TissueCypher to significantly improve predictions of progression to esophageal cancer in patients with Barrett's esophagus, or BE, compared to predictions based on clinical and pathology variables alone, allowing for more informed disease management decisions. In the manuscript titled, "Prediction of Progression in Barrett's Esophagus Using a Tissue Systems Pathology Test: A Pooled Analysis of International Multicenter Studies," Iyer et al. at Mayo Clinic and Case Western Reserve University evaluated the risk-stratification performance of TissueCypher using patient-level data from five published clinical validation studies that included a total of 552 patients with BE. In the study, 51.8% of the 112 patients diagnosed as NDBE who progressed to HGD or esophageal cancer received an intermediate- or high-risk TissueCypher score, representing a sensitivity of 52% in detecting this subset of progressors who are often missed by the current standard of care. Further, a TissueCypher high-risk score was associated with a strong independent risk of progression in NDBE patients. When incorporated with expert pathologist review and clinical risk variables, TissueCypher was associated with further improved risk predictions versus those made without the test's results. In the study, a TissueCypher high-risk score independently predicted increased risk of progression to HGD/esophageal cancer, with improved accuracy over expert pathologist diagnoses of low-grade dysplasia and indefinite for dysplasia. Additionally, when the TissueCypher score was incorporated with expert pathologist review of biopsied tissue and other clinical risk variables, the risk prediction accuracy was significantly improved, which suggests that TissueCypher can be added into existing clinical care plans to help guide more personalized and risk-aligned management of BE patients.
BA

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07:34 EDT Boeing CEO says 'on track to generate positive cash flow for 2022' - "While the first quarter of 2022 brought new challenges for our world, industry and business, I am proud of our team and the steady progress we're making toward our key commitments," said Dave Calhoun, Boeing president and CEO. "We increased 737 MAX production and deliveries and made important progress on the 787 by submitting our certification plan to the FAA. Despite the pressures on our defense and commercial development programs, we remain on track to generate positive cash flow for 2022, and we're focused on our performance as we work through certification requirements and mature several key programs to production. Leading with safety and quality, we're taking the right actions to drive stability throughout our operations, deliver on our commitments to customers and position Boeing for a sustainable future."
CLBS

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07:33 EDT Caladrius trading resumes
CLBS

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07:33 EDT Caladrius trading halted, news pending
BA

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07:33 EDT Boeing says 737 production and deliveries continue to increase - submitted 787 certification plan to the FAA. Launched 777-8 Freighter; now anticipates first 777-9 delivery in 2025. Recorded charges on fixed-price defense development programs as well as for impacts of the war in Ukraine.
BA

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07:32 EDT Boeing reports Q1 operating cash flow ($3.2B) - Continues to expect positive cash flow for 2022.
ETTX

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07:32 EDT Entasis Therapeutics expects cash to fund operations into Q3 of 2022 - As of March 31, 2022, we had cash and cash equivalents of $33.5M, compared to $32.3M as of December 31, 2021. Based on its current operating plan, the company believes that its existing cash and cash equivalents will be sufficient to fund its operating expenses and capital expenditure requirements through the third quarter of 2022.
WPP

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07:32 EDT WPP: Sees LFL revenue less pass-through costs growth now expected to be 5.5-6.5% - $1.8B in net new business won, including Mars, JDE Peet's, Sky; Launch of Everymile, our commerce-as-a-service proposition; acquisition of Village Marketing; merger of Mediacom and Essence, and creation of GroupM Nexus. GBP 362 million of share buybacks in Q1. 2022 guidance raised: LFL revenue less pass-through costs growth now expected to be 5.5-6.5%, up from around 5% "The year has started very well with continued momentum from 2021 resulting in strong growth across all businesses and regions. Demand is strong for our services, particularly in digital media, ecommerce, data and marketing technology. "The war in Ukraine has created an appalling humanitarian crisis. We continue to support our people in Ukraine, many of whom are now displaced, with financial and practical assistance. Our partnership with the UNHCR on their emergency fundraising appeal has generated $150 million to date, including over $1.3 million from our employee match-funding programme. On 4 March, we announced that we would exit the Russian market, and we have now reached agreement to divest our businesses there.
BA

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07:31 EDT Boeing reports Q1 total backlog of $371B - Including nearly 4,200 commercial airplanes.
NEO

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07:30 EDT NeoGenomics says 'on track to overcome' current challenges - "Our Board of Directors is actively searching for an outstanding leader to serve as our next CEO. In the meantime, our new Clinical Services Division President, Dr. David Sholehvar, and Chief Scientific Officer, Dr. Shashi Kulkarni, bring extensive operating experience and expertise that will enable us to accelerate our efforts to improve operating performance and reinvigorate growth. With an effective interim management structure and team in place and the CEO search well underway, we are confident that we are on track to overcome the current challenges facing our business."
GFAI

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07:27 EDT Guardforce to present RaaS solution for hotels at the Hotel Show in Dubai - Guardforce AI announced its participation at the Hotel Show in Dubai where the Company will be showcasing elements of its Robotics-as-a-Service solution for hotels. The Hotel Show in Dubai will take place from May 24 to May 26, 2022 at the Dubai World Trade Center. At the show, the Company will have on display its T-Series robot, which features voice interaction and temperature screening, and its S-Series robot for spray disinfection. Future plans for the Company's RaaS rollout for hotels will include features for contactless delivery, cleaning and patrolling.
AUUD

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07:26 EDT Auddia announces music distribution, discovery program Discovr - Auddia announced its new music distribution and discovery program, Discovr. Independent artists selected for faidr's Discovr music program will have their songs added to 4500+ live and local radio station playlists by July 1, 2022. Participating artists and radio station programming directors will get access to listening data and be paid for every track play at the standard SoundExchange rate.
HSDT

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07:24 EDT Helius Medical fulfills first US prescriptions for PoNS - Helius Medical Technologies announced the fulfillment of the first United States prescriptions of Portable Neuromodulation Stimulator, PoNS, therapy for use in multiple sclerosis, MS, patients with gait deficit. PoNS has been sold in Canada since 2019. "We are extremely excited that the first patients in the United States have purchased the PoNS device on a cash pay basis to begin treatment. Production of the first run of the U.S. commercial version of PoNS systems completed earlier this month and we've already received nineteen prescriptions. Two patients have received their PoNS devices to start therapy and we expect to be fulfilling additional prescriptions in the coming days and weeks," stated Dane Andreeff, President and Chief Executive Officer of Helius. "This is a tremendous milestone for the Company as well as the nearly one million people in the U.S. suffering from MS, and we look forward to bringing this important treatment to patients who need it. As previously disclosed, we expect prescriptions in the U.S. to remain on a cash pay basis for the foreseeable future as we pursue reimbursement from third-party payers and CMS. We are pleased with the reception we are receiving during the launch."
CS

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07:23 EDT Credit Suisse CFO David Mathers to seek 'alternative opportunities' - Credit Suisse Group announces a series of appointments to its Executive Board and management changes: David Mathers, who has served as CFO since 2010 and as CEO of Credit Suisse International since 2016, has indicated his wish to seek alternative opportunities outside of Credit Suisse. David has agreed to continue his responsibilities until suitable successors for both of his roles have been found, ensuring an orderly transition. Credit Suisse has launched an internal and external search, a process in which David will be involved, to find the optimal candidates for the two roles. Francesca McDonagh will take over by October 1, 2022, as CEO of the EMEA region from Francesco De Ferrari, CEO of the Wealth Management division, who has held this position on an ad interim basis since January 2022. Helman Sitohang has announced his intention to step down from his current role on June 1, 2022. Edwin Low, who has been with the bank since 1996, will replace Helman on the Executive Board and report directly to Group CEO Thomas Gottstein. Markus Diethelm joins on July 1, 2022, as General Counsel, succeeding Romeo Cerutti, who will retire after more than 10 years in the position.
AVXL

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07:23 EDT Anavex announces presentations at IRSF Rett Syndrome Scientific Meeting - Anavex Life Sciences announced presentations of Psychometric Evaluation of the Rett Syndrome Behaviour Questionnaire, RSBQ, and Burden of Illness, BOI, study in Rett syndrome by the respective working groups, at the IRSF Rett Syndrome Scientific Meeting, taking place in Nashville, TN, April 26-27, 2022. The presentation is titled "A Psychometric Evaluation of the Rett Syndrome Behaviour Questionnaire, RSBQ, in children and adults." The analyses presented support research and clinical use of the components of the RSBQ with better psychometric properties, in pediatric and adult populations. The data highlight the need for additional evaluations and potential improvements of the RSBQ, considering its more widespread use. The second presentation is titled "Burden of illness in Rett syndrome: initial evaluation of a disorder-specific caregiver survey." Previous studies have shown decreased patient and caregiver quality of life; however, applied instruments have not adequately quantified disease burden on affected individuals and their families in Rett syndrome. Consequently, a global collaboration of stakeholders in the USA, Europe, and Australia conducted the Burden of Illness project utilizing a caregiver questionnaire involving interviews with parents of 756 children and adults with Rett syndrome. The presented data demonstrate that core impairments in Rett syndrome have high burden impact on affected individuals and caregivers. Moreover, problems considered relatively mild in severity, can place a disproportionate burden on affected individuals and their caregivers.
NPIFF

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07:22 EDT Northland Power launches refreshed brand - Northland Power announced the launch of a refreshed brand as part of its new global brand strategy. Developed to reinforce its vision for building a sustainable and carbon-neutral world, the refresh is designed to create visual impact in an evolving digital era, drive consistency across borders and strengthen recall between Northland's work, projects and assets. Since its inception in 1987, Northland has grown into a global player with offices in eight countries across four continents. It was the first Canadian independent power producer to expand globally into offshore wind. With a global diversified portfolio of power infrastructure assets and a significant development pipeline, Northland is strategically positioned to support the global decarbonization efforts to foster a carbon-neutral future, while continuing to deliver strong returns to its investors. Key changes to the visual identity as part of the refresh include: Updated logo design - Rooted in Northland's brand story, the new logo combines the Yin & Yang symbol signifying balance through carbon-neutrality and the infinity symbol represented by renewable power, creating a visual mark that evokes constant movement. Bolder greens and welcoming blues - With the green palette symbolizing the earth, and the blue palette symbolizing wind and water, these primary colours serve as a constant visual reminder of what drives Northland as an organization - to power the planet. Modernized tagline - "Intelligent Energy. Greener Planet" consolidates Northland's vision into simple terms, echoing the fast-paced, modern world of today. These words illustrate the organization's core vision that has been in place since the very beginning. Converting all digital and online properties will be Northland's main priority for the remainder of the year, followed by updated print materials, signage, and assets.
GILT

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07:20 EDT Gilat selected by Intelsat to provide satellite cellular backhaul solution - Gilat Satellite Networks announced that the Company has been selected in a multimillion-dollar deal with Intelsat to provide the satellite cellular backhaul solution for a leading mobile telecommunication company in the Democratic Republic of the Congo, DRC. Working together, Intelsat and Gilat are extending mobile connectivity to areas where terrestrial backhaul networks are impractical, expensive, or otherwise unfeasible to deploy. With Gilat hubs and VSATs, Intelsat's CellBackhaul satellite cellular backhaul solution combines the extended reach and resiliency of Intelsat's global network with network design, installation, and operation services, making it possible for mobile network operators to deploy services in areas where traditional terrestrial backhaul services are unavailable. "We are proud to have been selected by Intelsat to participate in this project to enhance and upgrade rural communication services," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. "Through this important strategic DRC deal with Intelsat, we are bringing un-matched value to our partners, as well as enhancing the lives of people around the world as we assist in closing the digital divide. When viewed alongside implementations in other regions, it's easy to appreciate the growing strength of Gilat's technology and leading satellite backhaul solution, ideally suited to the specific needs of all mobile networks, including future deployments for 5G."
MAG

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07:20 EDT MAG Silver reports Q1 production from Juanicipio - MAG Silver reported Q1 production of underground development and stope material from the Juanicipio Project - 56% / 44% Fresnillo and MAG Silver, respectively -. 145,484 tons of mineralized material were processed during Q1 vs. 36,395 tons in previous year quarter, at an average head grade of 597 silver grams per ton or 17.4 silver ounces/ton vs. 458 g/t or 13.4 silver ounces/ton a year ago. Total Juanicipio production for the quarter based on provisional estimates before offtake agreement adjustments totaled 2.4M silver ounces and 5,837 gold ounces vs. 462,321 silver ounces and 697 gold ounces a year ago. MAG's attributable 44% production interest for the quarter totaled 1,056,000 silver ounces and 2,568 gold ounces vs. 203,421 silver ounces and 307 gold ounces in the year ago quarter. Construction of the Juanicipio plant was delivered by Fresnillo on schedule during 4Q21. According to Fresnillo, the power tie-in remains on track for mid-2022, with the expectation to ramp up the Juanicipio processing plant to 85-90% of capacity by year end.
AAU

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07:19 EDT Almaden Minerals says SCJN publishes final decision on mineral claim suit - Almaden Minerals is pleased to report that, further to its press release of February 17, 2022, the Supreme Court of Justice of Mexico has published on the website of the SCJN its final decision regarding the mineral claim lawsuit. The Company has not yet been formally notified of this decision, but expects to be shortly. Based on the initial review by Mexican counsel, the SCJN has expanded on the application of international law and jurisprudence to the implementation of consultation by Mexican authorities with relevant indigenous communities. The final decision also provides additional detail to Mexican authorities regarding the procedures required to be followed by those authorities in the performance of indigenous consultation prior to the grant of mineral claims. Furthermore, the decision clarifies that the Company's original claim applications were submitted pursuant to the legal framework in force at the time and as such Almaden's mineral rights at the Ixtaca project are safeguarded while the mining authorities comply with conditions and requirements prior to issuing the mineral titles. As previously disclosed, the Company has no interest in holding mineral claims over the indigenous community's land Almaden intends to interact with Mexican government officials and local community officials in order to facilitate to the extent possible the government's execution of its responsibilities in the issuance of the mineral titles. At present there is no timeline for the consultation process.
FWBI

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07:18 EDT First Wave BioPharma forms clinical steering committee - First Wave BioPharma announced the formation of a clinical steering committee focused on advancing the Company's inflammatory bowel disease product portfolio. The four-member steering committee will provide management with strategic guidance and support during the execution of the FW-UP Phase 2 trial as well as the advancement of clinical programs for FW-UC and FW-CD. The committee members include Brian Feagan; Stephen Hanauer, and Clifford Joseph Barborka; Giovanni Monteleone; and Julian Panes. "Our inflammatory bowel disease product portfolio, led by FW-UP, is a significant near-term and longer-range growth driver for First Wave BioPharma and was a key factor in our decision to acquire First Wave Bio. Given this importance to the company, we are very excited to announce the formation of a clinical steering committee comprised of world-renowned experts in IBD," stated James Sapirstein, President and CEO of First Wave BioPharma. "Each committee member brings extensive expertise as researchers and clinicians in the treatment of gastrointestinal and inflammatory bowel diseases, including ulcerative colitis and Crohn's disease. We expect to benefit immediately from their collective experience as we accelerate our FW-UP program and look to initiate clinical trials of FW-UC and FW-CD."
PLUG

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07:16 EDT Plug Power teams up with MOL Group to build green hydrogen production facility - MOL Group has teamed up with Plug Power to build one of Europe's largest-capacity green hydrogen production facilities at MOL's Danube Refinery in Szazhalombatta, Hungary. Green hydrogen will reduce the carbon footprint of the Danube Refinery operation and enable emission-free mobility in the longer term. Utilizing a 10-megawatt electrolysis unit from Plug Power, MOL's EUR 22M facility will be able to produce approximately 1,600 tons of clean, carbon-neutral, green hydrogen annually, removing up to 25,000 tons of carbon dioxide by displacing the currently used natural gas-based production process. Once operational in 2023, MOL will use the green hydrogen in its Danube Refinery during fuel production of its own hydrogen system. "Green hydrogen addresses two critical issues facing humanity: climate change and energy independence," said Andy Marsh, CEO of Plug. "And our opportunities seem limitless to support the trend to pull green hydrogen into more traditional industrial hydrogen markets throughout the world. We are pleased to provide our state-of-the-art electrolyzer technology to MOL Group's Danube Refinery and enable MOL Group to take a big step forward in addressing these issues for the region."
GLBE

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07:15 EDT Global-e Online and Klarna expand global partnership to Canada - Global-e announced its expanded partnership with Klarna, a global retail bank, payments, and shopping service. Through this partnership, merchants selling to Canada via Global-e's cross-border e-commerce platform, including notable brands such as Reformation, SKIMS, Fenty Beauty, Rimowa, Versace, Marc Jacobs, and Marks & Spencer, can now offer consumers Klarna's flexible payment options. Klarna's suite of alternative payment solutions is now available to retailers selling in Canada via Global-e's cross-border e-commerce platform.
AKTS

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07:14 EDT Akoustis receives two new Wi-Fi 6E design wins from two new customers - Akoustis Technologies announced that it has received two new Wi-Fi 6E design wins from two different customers, both of which are expected to ramp into production in the second half of calendar 2022. The first win is from an enterprise-class Wi-Fi router OEM. The customer intends to use four Akoustis XBAW Wi-Fi 6E filters in a multi-user, multiple-in-multiple-out, MU-MIMO, configuration. The new router is expected to ramp production in the December 2022 quarter. The second win is from a consumer-focused brand, that intends to use multiple Akoustis XBAW filters per device and is expected to ramp production in the September 2022 quarter. Dave Aichele, EVP of Business Development at Akoustis, stated, "We continue to see increased demand for our XBAW(TM) Wi-Fi filter solutions given our industry leading micro-filter performance." Mr. Aichele continued, "We have grown our design wins from three to fifteen in the past six months and expect to see continued customer wins moving forward as we fully qualify new standard and custom Wi-Fi 6, Wi-Fi 6E and upcoming Wi-Fi 7 filters."
CLBS

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07:13 EDT Caladrius, Cend Therapeutics to merge in all-stock transaction - Caladrius Biosciences, and Cend Therapeutics announced that the companies have entered into a definitive merger agreement under which Cend will merge with a wholly owned subsidiary of Caladrius in an all-stock approximate "merger of equals" transaction unanimously approved by the Boards of Directors of each company. Following closing, the combined company will be renamed Lisata Therapeutics, and will trade on the Nasdaq under the ticker symbol "LSTA". The merger is currently expected to close in the third quarter of 2022 subject to the approval of Caladrius and Cend stockholders as well as the satisfaction of certain other customary closing conditions and applicable approvals. Following the closing of the merger, Lisata is expected to advance CEND-1 as its lead product candidate in a variety of difficult to treat solid tumor applications, including pancreatic ductal adenocarcinoma, where the product is being evaluated in ongoing Phase 1 and Phase 2 clinical studies with Cend and its partner in China, Qilu Pharmaceutical. CEND-1 is a proprietary cyclic peptide which undergoes protease mediated cleavage in the tumor microenvironment producing a C-end Rule or "CendR" peptide that potentiates transport across the tumor stroma and improves delivery of anticancer drugs to the tumor. Additional Phase 1b/2 PDAC clinical data is expected as early as 2023. Lisata also plans to initiate an additional trial in PDAC in combination with immunotherapy as well as a trial or trials exploring applications of CEND-1 in other difficult to treat solid tumors, such as hepatocellular, gastric and breast cancers along with additional therapeutic combinations. We see CEND-1's advancement as supported by compelling Phase 1b data previously presented at the 2020 European Society for Molecular Oncology, which not only demonstrated favorable safety and tolerability, but importantly, the potential for marked improvement in treatment effectiveness in combination with standard of care drugs for PDAC. With its unique tumor-targeted, tissue penetrating technology, we believe that the CendR Platform holds the potential to enable more effective solid tumor treatment for a range of emerging treatment modalities, including RNA-based drugs. We believe that this could provide Lisata with additional partnering and product opportunities to benefit cancer patients and Lisata shareholders. Under the terms of the definitive merger agreement, David J. Mazzo, Ph.D., current President and CEO of Caladrius will be the Chief Executive Officer of Lisata, David Slack, current President and CEO of Cend, will be Lisata's President and Chief Business Officer, and Kristen K. Buck, MD, current Executive Vice President of R&D and Chief Medical Officer, will continue in those roles with Lisata. Upon closing, shareholders of Cend will receive approximately 60.5 million shares of Caladrius common stock, subject to certain closing conditions, resulting in the shareholders of each company owning approximately 50% of the combined company. The transaction values each company at $90 million, which for Caladrius represents a 136% premium to its market cap as of the market close on April 26, 2022. At the effective time of the merger, the Board of Directors of Lisata is expected to comprise four directors designated by Caladrius and four directors designated by Cend, with the possibility of one additional independent director, whose appointment will be mutually agreed upon by both Caladrius and Cend.
GD

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07:12 EDT General Dynamics reports Q1 backlog $87.2B - Orders remained strong across the company with a consolidated book-to-bill ratio, defined as orders divided by revenue, of 1-to-1 for the quarter. In addition to company-wide backlog of $87.2B, estimated potential contract value, representing management's estimate of additional value in unfunded indefinite delivery, indefinite quantity contracts and unexercised options, was $41.8B. Total estimated contract value, the sum of all backlog components, was $129B.
SCTL

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07:11 EDT Societal CDMO secures manufacturing, packaging task order award from NCI - Societal CDMO announced that it has been awarded a new manufacturing and packaging task order agreement by the National Cancer Institute's Division of Cancer Treatment and Diagnosis. The new contract is an individual task order of more than $400,000 for the manufacture and packaging of ammonium tetrathiomolibdate capsules to support clinical development of the compound. Under terms of the new task order award, Societal CDMO will develop and provide DCTD with a scalable manufacturing and packaging process for cGMP production of 100 mg ATTM capsules. This work will include production and packaging of an initial engineering batch of ATTM, followed by production and packaging of a larger cGMP batch of the capsules including a 36-month shelf-life stability study. ATTM acts to interfere with intestinal uptake of copper when administered with meals and binds plasma copper when taken between meals. Based on this mechanism of action, the compound is believed to have the potential to enhance the activity of platinum-based antitumor agents.
GD

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07:11 EDT General Dynamics reports Q1 cash from operations $2B - Net cash provided by operating activities in the quarter totaled $2B, or 270% of net earnings. The company invested $141M in capital expenditures, paid $330M in dividends, and used $294M to repurchase shares, ending the quarter with $2.9B in cash and equivalents on hand.
EGLX

Hot Stocks

07:10 EDT Enthusiast Gaming surpasses 1B monthly views in the U.S. - Enthusiast Gaming announced that its digital media property surpassed one billion Total Views per month in the United States, based on recent digital media ratings from Comscore, Total Views to the Company's property in the U.S reached 1.1 billion in March 2022, representing a 44% increase versus March 2021. The growth aligned with the highly-anticipated release of Elden Ring by Bandai Namco Entertainment, with a high volume of reviews, guides, forums, and videos delivered across the Company's platform of video game fan communities.
BCRX

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07:10 EDT EMA grants PRIME designation to BioCryst's BCX9250 for FOP treatment - BioCryst Pharmaceuticals announced the European Medicines Agency has granted access to the Priority Medicines scheme for BCX9250, a novel, oral activin receptor-like kinase-2 inhibitor discovered and developed by BioCryst for the treatment of fibrodysplasia ossificans progressiva. BCX9250 is designed to inhibit the ALK-2 enzyme, which is a part of the normal signaling pathway for bone formation and responds to binding its specific ligands by stimulating normal bone growth and renewal in healthy children and adults. Specific activating mutations of the ALK-2 gene are seen in all cases of FOP. An activating mutation in ALK-2 is necessary for the disease to occur, making the ALK-2 enzyme an ideal drug target for treatment of FOP. In a Phase 1 clinical trial in healthy subjects, BCX9250 was safe and well tolerated at all doses studied, with linear and dose-proportional exposure supporting the potential for once-daily dosing.
ZNTL PFE

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07:07 EDT Zentalis announces $25M equity investment from Pfizer - Zentalis Pharmaceuticals, Inc. (ZNTL) announced that it has agreed to sell 953,834 of its common shares at a price of $26.21 per share to Pfizer (PFE) for gross proceeds of $25.0 million (the "Transaction"). The common shares were offered and sold to Pfizer in a registered direct offering conducted without an underwriter or placement agent. The offering is expected to close on or about April 29, 2022, subject to customary closing conditions. Zentalis intends to use the net proceeds of the offering to help fund ongoing and planned clinical trials, including studies of ZN-c3, its Wee1 inhibitor, and ZN-d5, its BCL-2 inhibitor, and for working capital and general corporate purposes. With prioritization of the clinical development of ZN-c3 and ZN-d5, budget reallocation and Pfizer's investment, the Company extends current cash runway into Q1 2024. Pfizer also expects to leverage its global development capabilities and expertise to enhance Zentalis' clinical development program. The parties have entered into an agreement to collaborate to advance the clinical development of ZN-c3, a selective Wee1 inhibitor designed to induce synthetic lethality in cancer cells. Zentalis will maintain full economic ownership and control of ZN-c3 and the rest of its pipeline. In addition, Adam Schayowitz, Ph.D., MBA, Vice President & Medicine Team Group Lead for Breast Cancer, Colorectal Cancer and Melanoma, Pfizer, will join Zentalis' Scientific Advisory Board. Dr. Schayowitz will work closely with Zentalis' senior management team to provide input on the Company's clinical strategy.
CLBS

Hot Stocks

07:05 EDT Caladrius, Cend Therapeutics enter to merge in all-stock transaction - Caladrius Biosciences, and Cend Therapeutics announced that the companies have entered into a definitive merger agreement under which Cend will merge with a wholly owned subsidiary of Caladrius in an all-stock approximate "merger of equals" transaction unanimously approved by the Boards of Directors of each company. Following closing, the combined company will be renamed Lisata Therapeutics, and will trade on the Nasdaq under the ticker symbol "LSTA". The merger is currently expected to close in the third quarter of 2022 subject to the approval of Caladrius and Cend stockholders as well as the satisfaction of certain other customary closing conditions and applicable approvals. Following the closing of the merger, Lisata is expected to advance CEND-1 as its lead product candidate in a variety of difficult to treat solid tumor applications, including pancreatic ductal adenocarcinoma, where the product is being evaluated in ongoing Phase 1 and Phase 2 clinical studies with Cend and its partner in China, Qilu Pharmaceutical. CEND-1 is a proprietary cyclic peptide which undergoes protease mediated cleavage in the tumor microenvironment producing a C-end Rule or "CendR" peptide that potentiates transport across the tumor stroma and improves delivery of anticancer drugs to the tumor. Additional Phase 1b/2 PDAC clinical data is expected as early as 2023. Lisata also plans to initiate an additional trial in PDAC in combination with immunotherapy as well as a trial or trials exploring applications of CEND-1 in other difficult to treat solid tumors, such as hepatocellular, gastric and breast cancers along with additional therapeutic combinations. We see CEND-1's advancement as supported by compelling Phase 1b data previously presented at the 2020 European Society for Molecular Oncology, which not only demonstrated favorable safety and tolerability, but importantly, the potential for marked improvement in treatment effectiveness in combination with standard of care drugs for PDAC. With its unique tumor-targeted, tissue penetrating technology, we believe that the CendR Platform holds the potential to enable more effective solid tumor treatment for a range of emerging treatment modalities, including RNA-based drugs. We believe that this could provide Lisata with additional partnering and product opportunities to benefit cancer patients and Lisata shareholders. Under the terms of the definitive merger agreement, David J. Mazzo, Ph.D., current President and CEO of Caladrius will be the Chief Executive Officer of Lisata, David Slack, current President and CEO of Cend, will be Lisata's President and Chief Business Officer, and Kristen K. Buck, MD, current Executive Vice President of R&D and Chief Medical Officer, will continue in those roles with Lisata. Upon closing, shareholders of Cend will receive approximately 60.5 million shares of Caladrius common stock, subject to certain closing conditions, resulting in the shareholders of each company owning approximately 50% of the combined company. The transaction values each company at $90 million, which for Caladrius represents a 136% premium to its market cap as of the market close on April 26, 2022. At the effective time of the merger, the Board of Directors of Lisata is expected to comprise four directors designated by Caladrius and four directors designated by Cend, with the possibility of one additional independent director, whose appointment will be mutually agreed upon by both Caladrius and Cend.
KHC

Hot Stocks

07:05 EDT Kraft Heinz sees FY22 organic net sales mid-single-digit percentage increase - The Company continues to expect strong financial performance in 2022. The Company is raising expectations for 2022 Organic Net Sales to a mid-single-digit percentage increase versus the prior year period, reflecting strong performance to date, ongoing business momentum, and additional pricing actions to mitigate ongoing inflation. The Company continues to expect Adjusted EBITDA to be in the range of $5.8 billion to $6.0 billion with a 48 percent to 52 percent first half to second half split. This reflects a 53rd week in 2022, the impact of divestitures versus the prior year, strong Organic Net Sales as well as the Company's ongoing efforts to manage inflationary pressures, including unlocking gross efficiencies, as it continues to invest in long-term growth.
ASLN

Hot Stocks

07:03 EDT Aslan Pharmaceuticals sees cash runway through late 2023 - As of March 31, 2022, the Company had cash, cash equivalents and short-term investments of $87.4 million.
HOG

Hot Stocks

07:03 EDT Harley-Davidson reaffirms FY22 guidance - For the full year 2022, the company reaffirms its initial guidance and continues to expect: HDMC revenue growth of 5 to 10%; HDMC operating income margin of 11 to 12%; HDFS operating income to decline by 20 to 25%; Capital investments of $190 million to $220 million. The outlook assumes that logistics and manufacturing moderately improve in the back-half the year as we get beyond the peak levels of inflation experienced in 2021 and the semi-conductor supply stabilizes; the company now expects raw material inflation to continue through the balance of the fiscal year. The company's cash allocation priorities are to fund growth through The Hardwire initiatives, pay dividends, and execute discretionary share repurchases.
TMUS

Hot Stocks

07:02 EDT T-Mobile raises FY22 adjusted EBITDA view to $25.8B-$26.2B from $25.6B-$26.1B - Raises FY22 postpaid net customer additions to 5.3M-5.8M from 5.0M-5.5M. Narrows FY22 capex view to $13.2B-$13.5B from $13.0B-$13.5B and free cash flow to $7.2B-$7.6B from $7.1B-$7.6B.
ASLN

Hot Stocks

07:02 EDT Aslan Pharmaceuticals announces upcoming milestones - Initiation of Phase 2 study of farudodstat, also known as ASLAN003, in inflammatory bowel disease is planned for the first half of 2022. New data on biomarkers and patient reported outcome measures from the Phase 1b proof-of-concept study of eblasakimab expected in the second half of 2022. Topline data from the Phase 2b TREK-AD study of eblasakimab is expected in the first half of 2023.
TMUS

Hot Stocks

07:00 EDT T-Mobile reports Q1 postpaid churn 0.93% vs. 0.98% y/y
TMUS

Hot Stocks

06:58 EDT T-Mobile reports Q1 postpaid net account additions 348K - Reports Q1: Postpaid net customer additions of 1.3M; Postpaid phone net customer additions of 589K; High Speed Internet net customer additions of 338 thousand, "best in industry and record high".
DDAIF...

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06:57 EDT EU commercial vehicle registrations down 24.9% in March - In March, EU commercial vehicle registrations continued their downward trend, retreating for the ninth consecutive month with a decline of 24.9% from the prior year, reported the European Automobile Manufacturers Association. With the exception of Romania and Cyprus, all EU markets posted declines, including the four major ones, the group said. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN). Reference Link
KIM

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06:53 EDT Kimco Realty raises quarterly cash dividend 5.3% to 20c, declares two dividends - Kimco Realty declared a quarterly cash dividend of 20c per common share, representing a 5.3% increase from the prior quarterly dividend. The quarterly cash dividend on common shares is payable on June 23 to shareholders of record on June 9. The company also declared a quarterly dividend with respect to shares of the company's 5.125% Class L and 5.25% Class M cumulative redeemable preferred stock. Dividends on the shares of preferred stock will be paid on July 15 to shareholders of record on July 1.
HELE

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06:53 EDT Helen of Troy: Noel Geoffroy to join company as COO on May 9 - To accommodate the significant growth during its Transformation, the company previously announced that it would be creating a COO role. Noel Geoffroy will join Helen of Troy as COO on May 9 and will oversee the day-to-day business and execution of the major Phase II projects. Geoffroy joins Helen of Troy with over 25 years of experience as a proven leader in President and General Manager roles at world class companies including Sanofi in Consumer Healthcare, Kellogg, H. J. Heinz, and Procter & Gamble. She is a consumer-centric leader, brand builder, and product innovator with a strong reputation as an inspirational organizational and cultural leader.
PFE BHVN

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06:51 EDT Pfizer, Biohaven Pharmaceutical: EC grants marketing approval for VYDURA - Pfizer (PFE) and Biohaven Pharmaceutical (BHVN) announced that the European Commission has granted marketing authorization for VYDURA, a calcitonin gene-related peptide receptor antagonist for both the acute treatment of migraine with or without aura, and prophylaxis of episodic migraine in adults who have at least four migraine attacks per month. VYDURA, an orally disintegrating tablet, is the first medicine approved for both acute and prophylactic treatment of migraine in the European Union.
GSK

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06:47 EDT GSK expects COVID-19 solutions to contribute similar sales level to 2021 - The company said, "In 2022, based on known binding agreements with governments, we expect that COVID-19 solutions will contribute a similar sales level to 2021, but at a substantially reduced profit contribution due to the increased proportion of lower margin Xevudy sales. We expect this to reduce the new GSK Adjusted Operating profit growth by between 5% to 7%. The overwhelming majority of expected COVID-19 solutions sales were achieved in the first quarter this year. In April 2022, the US FDA updated Xevudy's authorisation to reflect the increase in COVID-19 cases caused by the Omicron BA.2 sub-variant and as a result, Xevudy is no longer authorised to treat COVID-19 in any US region. However, we will continue to discuss future opportunities to support governments, healthcare systems, and patients whereby our COVID-19 solutions can address the emergence of any new COVID-19 variant of concern."
GRC

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06:47 EDT Gorman-Rupp to acquire Fill-Rite for $525M - The Gorman-Rupp Company announced that it has entered into a definitive agreement to acquire the assets of Fill-Rite and Sotera, a division of the Tuthill Corporation, for $525M. When adjusted for approximately $80M in expected tax benefits, the net transaction value is approximately $445M. Gorman-Rupp expects to fund the transaction with cash on-hand and new debt. Subject to customary closing conditions and necessary regulatory approvals, the transaction is expected to close in the second quarter of 2022. With facilities in Fort Wayne, Indiana and Lenexa, Kansas, the Fill-Rite and Sotera brands carry strong legacies associated with superior products, and hold leadership positions in attractive niche pump markets. Fill-Rite provides rugged, high performance liquid transfer pumps as well as a comprehensive line of mechanical and digital meters, precision weights and measures certified meters, hand pumps, hoses, nozzles and accessories. For the 12 months ended March 31, 2022, Fill-Rite generated revenue of approximately $140M and adjusted EBITDA of approximately $34.5M, representing an adjusted EBITDA margin of 25%. The transaction is not expected to impact Gorman-Rupp's dividend policy, including maintaining its historic record of annual dividend increases.
GSK

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06:45 EDT GlaxoSmithKline sees FY Specialty Medicines sales up 10% at CER - We reconfirm our guidance for new GSK in 2022, as set out below. This guidance is provided at CER and excludes the commercial benefit of COVID-19 solutions. In 2022, we expect to continue to deliver on our strategic priorities. We plan to increase targeted investment in R&D, to build on and invest behind our top-line momentum for key growth drivers and to deliver the demerger of our Consumer Healthcare business in July 2022. Assuming global economies and healthcare systems approach normality as the year progresses, we expect sales of Specialty Medicines to grow approximately 10% CER and sales of General Medicines to show a slight decrease, primarily reflecting increased genericisation of established Respiratory medicines. Vaccines sales are expected to grow at a low-teens percentage at CER for the year. However, as noted at the time of announcing full-year 2021 results, we anticipated governments' prioritisation of COVID-19 vaccination programmes and ongoing measures to contain the pandemic would result in some continued disruption to adult immunisations. In the first-quarter 2022 Shingrix demonstrated strong demand recovery, particularly in the US, as well as channel inventory build and the benefit of a favourable comparator to Q1 2021. Despite the potential for short-term pandemic disruption, we continue to expect strong double-digit growth and record annual sales for Shingrix in 2022 based on strong demand in existing markets and continued geographical expansion. Reflecting these factors and our first-quarter 2022 results, we reconfirm our full-year 2022 guidance for new GSK of sales growth between 5% to 7% CER and Adjusted operating profit growth between 12% to 14% CER compared to 2021. The guidance includes the future benefit in royalty income from the settlement and license agreement with Gilead Sciences announced on 1 February 2022. Medium term outlooks were provided for Consumer Healthcare at a Capital Markets Day on 28 February 2022. Until such time as the formal criteria for treating Consumer Healthcare as a 'Discontinued operation' have been satisfied, GSK will continue to present the Consumer Healthcare business within 'Continuing operations' and will consolidate the business for reporting purposes until the demerger has completed. Dividend policies and expected pay-out ratios are unchanged for new GSK and new Consumer Healthcare,"
NVS BGNE

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06:43 EDT Novartis reports RATIONALE 306 trial met primary endpoint at interim analysis - Novartis (NVS) announced positive topline results from an interim analysis of the Phase III RATIONALE 306 study, which showed anti-PD-1 immune checkpoint inhibitor tislelizumab plus chemotherapy significantly improved overall survival, or OS, compared to chemotherapy in patients with previously untreated unresectable, locally advanced, recurrent or metastatic esophageal squamous cell carcinoma, or ESCC, regardless of PD-L1 expression. Novartis intends to submit these data to regulatory authorities, and will collaborate with BeiGene (BGNE) to present them at an upcoming medical meeting. Approximately 649 study participants were randomized 1:1 to receive either tislelizumab plus chemotherapy or chemotherapy alone. The primary endpoint is OS. Secondary endpoints include progression-free survival, objective response rate, duration of response, health-related quality of life measures and safety. Tislelizumab is currently under review by the US Food and Drug Administration and the European Medicines Agency for advanced or metastatic ESCC after prior chemotherapy. The EMA is also reviewing tislelizumab for advanced or metastatic non-small cell lung cancer, or NSCLC, after prior chemotherapy, and in combination with chemotherapy for previously untreated advanced or metastatic NSCLC.
CLR

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06:42 EDT Continental Resources increases quarterly dividend 22% to 28c per share - The company's board of directors recently approved increasing the company's quarterly dividend to 28c per share, payable on May 23 to stockholders of record on May 9. This dividend represents a 5c, or approximately 22%, increase to the company's 23c per share quarterly dividend paid in Q1 and equates to an approximately 1.8% annualized dividend yield, as of April 21, which exceeds the S&P 500 average yield. The company continues to target a 2% or greater annualized dividend yield long term.
GSK

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06:41 EDT GlaxoSmithKline CEO says delivered 'strong' Q1 results - Emma Walmsley, CEO, GSK: "We have delivered strong first quarter results in this landmark year for GSK, as we separate Consumer Healthcare and start a new period of sustained growth. Our results reflect further good momentum across specialty medicines and vaccines, including the return to strong sales growth for Shingrix and continuing pipeline progress. We also continue to see very good momentum in Consumer Healthcare, demonstrating strong potential of this business ahead of its proposed demerger in July, to become Haleon."
CLR

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06:39 EDT Continental Resources updates 2022 production guidance - The company said, "The Company is updating its 2022 annual oil production guidance to 200 to 210 MBopd from 195 to 205 MBopd. This is inclusive of production for the remainder of the year from the closing of the Company's Powder River acquisition on March 25, 2022. The Company is also projecting a December 2022 oil production exit rate of approximately 220 to 230 MBopd. Additionally, the Company is updating its 2022 annual natural gas production guidance to 1,100 MMcfpd to 1,200 MMcfpd from 1,040 to 1,140 MMcfpd."
ABCB

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06:38 EDT Ameris Bancorp 'well positioned' for rising rate environment - Management is focused on long-term growth in TBV, the company said in slides being presented on its Q1 earnings conference call.
CLR

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06:38 EDT Continental Resources reports Q1 production 373.8 MBoepd - Q1 total production averaged approximately 373.8 MBoepd. Q1 oil production averaged approximately 194.8 MBopd. Q1 natural gas production averaged approximately 1,074 MMcfpd. "Our well-executed corporate returns driven and opportunity-based capital investment strategy is resulting in a significant improvement to our already strong balance sheet, shareholder return of capital and return on capital employed. Not only is our annualized dividend yield exceeding the S&P 500 average yield, but our enhanced 2022 capital program is improving our return on capital employed by approximately 2.0% versus our original 2022 capital program, at normalized prices. Continental will continue to differentiate itself from peers and the broader market through 2022 and beyond, and we look forward to providing additional color during our first quarter 2022 earnings report," said Bill Berry, President & CEO.
AFIB MDT

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06:38 EDT Acutus Medical refinancing existing debt, selling left-heart access portfolio - Acutus Medical (AFIB) announced a commitment letter from Deerfield Management to refinance its existing debt with a new longer-term credit facility, and in conjunction with the refinancing, a definitive agreement to sell the company's left-heart access portfolio to Medtronic (MDT). The combination of these two transactions, taken together with the company's recently completed restructuring, aim to result in a comprehensive recapitalization of the business to fund the company's strategic growth priorities. Acutus has signed a commitment letter to refinance its existing debt facility. The existing debt facility, which has a maturity date of May 20, 2024, will be replaced with a new debt facility in conjunction with the left-heart access portfolio sale. The new debt facility with Deerfield will include $35M in aggregate principal with a maturity date five-years from the closing of the loan, as well as amortization payments becoming due 36, 48 and 60 months following the closing of the loan. Acutus expects to issue warrants to purchase our common stock to Deerfield in connection with the refinancing. Medtronic will make an upfront cash payment to Acutus of $50M upon the initial closing of the transaction, as well as contingent consideration payments over time based on the achievement of certain milestones and future sales.
CS

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06:34 EDT Credit Suisse to shift CHF 3B of capital into Wealth Management over three years - The company said, "We are focused on refining and reinvigorating our franchise in order to drive forward our vision for Credit Suisse. This strategic vision builds on our considerable strength and is expected to support our path to long-term, sustainable growth. Our strategy has addressed fragmentation with the creation of an integrated Wealth Management and global Investment Bank division. We are making clear choices and plan to make significant investments in businesses and markets where we believe we have sustainable, competitive advantages. We plan to shift around CHF 3 bn of capital into Wealth Management over the next three years and invest in all our core businesses."
CS

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06:33 EDT Credit Suisse expects 2022 to be a 'transition' year - The company said, "As previously highlighted at our Investor Day on November 4, 2021, the year 2022 will be one of transition for Credit Suisse. The benefits from the strategic capital reallocation towards our core businesses and the structural cost savings from the reorganization measures that we are currently implementing should largely materialize from 2023 onwards. In this respect, we are focused on disciplined execution of our strategy with a clear focus on strengthening and simplifying our integrated model and investing in sustainable growth, while placing risk management at the very core of the bank."
LYG

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06:31 EDT Lloyds Banking now sees FY22 banking NIM above 270bps - Previously, Lloyds forecast FY22 banking NIM above 260bps. The bank also sees: Operating costs of c.GBP 8.8 billion on the new reporting basis; Asset quality ratio to be c.20 basis points; Return on tangible equity now expected to be greater than 11%; Risk-weighted assets at the end of 2022 to be c.GBP 210 billion.
CS

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06:31 EDT Credit Suisse: Revenues will be adversely impacted by reduction in risk appetite - The company said, "The combination of the current geopolitical situation following Russia's invasion of Ukraine and the significant monetary tightening initiated by several of the major central banks in response to inflation concerns have resulted in heightened volatility and client risk aversion so far this year. While the Swiss Bank delivered a resilient performance and Equity Derivatives, M&A and Securitized Products had solid performances in 1Q22, overall, this market environment, in combination with the cumulative effect of our newly defined risk appetite as executed during 2021, has led to an adverse impact on client activity in our Wealth Management division as well as a reduction in the level of capital markets issuances within our Investment Bank. Furthermore, the Investment Bank has relatively limited exposure to business areas, such as interest rate trading, which have benefited from these developments. We would expect these market conditions to persist in the coming months. In our Wealth Management business, while revenues should benefit later in the year from the higher interest rate environment, client risk appetite may remain subdued. Within the Investment Bank, while our M&A advisory pipeline is up both sequentially and on a year on year basis, and our leveraged finance business remains active, our ability to complete this client business is dependent on market conditions. Although the risk profile of our business is improving, our revenues will be adversely impacted by the cumulative reduction in our risk appetite in 2021 and by the exit from the majority of our Prime Service business. With regard to expenses, while variable compensation is expected to be subdued given the market environment, we expect increased cash accruals for compensation due to normalized deferral levels. Furthermore, we expect to see continued significant remediation spend in Risk, Compliance and Infrastructure. We continue to execute our expense saving programs and our outsourcing of our procurement function should generate significant savings; however, the bulk of the benefits from this broader program are only expected to be achieved in 2023.
TMHC

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06:20 EDT Taylor Morrison sees FY22 ending active community count 350 - Home closings are expected to be between 14,000 to 15,000. Average sales price is now expected to be at least $625,000. Sees FY22 effective tax rate 24%.
TMHC

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06:19 EDT Taylor Morrison sees Q2 average active community count 310-315 - Home closings are expected to be between 3,000 to 3,200. Sees Q2 effective tax rate 24%.
DB

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06:17 EDT Deutsche Bank aims to achieve cumulative volumes of over EUR 200B by year-end - At its Investor Deep Dive on March 10, 2022, Deutsche Bank announced an acceleration of its targets for sustainable financing and investment volumes for the second time. The bank now aims to achieve cumulative volumes since January 2020 of over EUR 200 billion by the end of 2022, a year earlier than previously, and a further EUR 100 billion per year from 2023 to 2025, reaching a cumulative total of over EUR 500 billion by the end of 2025. The bank expects net revenues arising from the volumes categorised under Deutsche Bank's Sustainable Finance Framework to be in excess of EUR 1.5 billion in 2025.
SFTBY

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06:12 EDT SoftBank Group selects Aryaka for its international SD-WAN Service, SD-CORE - Aryaka announced SoftBank has selected Aryaka's technology for its international SD-WAN Service, SD-CORE. The company will provide a flexible and highly secure network that will enable SoftBank to offer its customers the high-speed and stable data communications they demand. SoftBank is also tapping into Aryaka's new FlexCore, a global L3 private core that can supplement its best-in-class global L2 private core, both of which are interconnected to the company's nearly 40 high-performance points of presence that are strategically located around the world. This allows SoftBank to map customer sites to the private core of their choice whether it's based on performance or cost considerations or on the criticality of sites and applications. The company appreciates Aryaka's hybrid enterprise and cloud-friendly alignment that's able to map where enterprises are going with their traffic, connectivity, applications, and investment. In addition to a portal site that can centrally manage devices and networks, SoftBank will provide its customers with one-stop support for maintenance and operation after installation. Furthermore, SoftBank users will be able to build a more secure network as it can be linked with numerous cloud-based security services, including those provided by other security companies.
FENC

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06:10 EDT Fennec announces FDA approval of NDA resubmission for PEDMARK - Fennec Pharmaceuticals announced that the U.S. FDA has accepted for filing the company's resubmitted New Drug Application for PEDMARK for the prevention of platinum-induced ototoxicity in pediatric patients one month to less than18 years of age with localized, non-metastatic, solid tumors. The PDUFA target action date for the NDA is September 23, 2022.
BGNE

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06:09 EDT BeiGene says Phase 3 trial of tislelizumab met endpoint - BeiGene announced the Independent Data Monitoring Committee determined at a pre-planned interim analysis that RATIONALE 306, a global Phase 3 trial of tislelizumab in combination with chemotherapy, had met the study's primary endpoint of overall survival in patients with previously untreated advanced or metastatic esophageal squamous cell carcinoma. The safety and tolerability profile for tislelizumab in combination with chemotherapy at this interim analysis was consistent with previous trials and no new safety signals were identified.
IART

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06:06 EDT Integra LifeSciences announces $225M share repurchase plan - On April 26, 2022, the Board of Directors authorized the Company to repurchase up to $225 million of the Company's common stock. The program allows the Company to repurchase its shares opportunistically from time to time. The repurchase authorization expires in December 2024. This stock repurchase authorization replaces the previous $225 million stock repurchase authorization, of which $100 million remained authorized at the time of its replacement, and which was otherwise set to expire on December 31, 2022.
OC

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06:05 EDT Owens Corning sees near term U.S. residential housing market "strong" - Owens Corning stated that the key economic factors that impact the company's businesses are residential repair and remodeling activity, U.S. housing starts, global commercial construction activity, and global industrial production. In the near term, the company expects the U.S. residential housing market and global commercial and industrial markets to remain strong. The company continues to closely manage the ongoing impacts of inflation, supply chain disruptions, and the regional impacts of the COVID-19 pandemic on the business. For Q2, the company expects overall performance to result in net sales and adjusted EBIT growth for the quarter, versus the comparable quarter in the prior year. For 2022, the company expects general corporate expenses of $160M-$170M, interest expense $115M-$125M, tax rate on adjusted earnings 25%-27%.
WING

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06:05 EDT Wingstop expands development agreement in Indonesia to 120 restaurants by 2028 - Wingstop announced an expanded development agreement in Indonesia with its current brand partner, doubling its commitment from 60 to 120 restaurants by 2028. This new agreement highlights the portability of Wingstop across the globe and is expected to accelerate its pace of openings for the market.
SPOT

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06:04 EDT Spotify: Guidance reflects full closure of services in Russia - Guidance reflects the full closure of Spotify's services in Russia, which was completed on April 11, Spotify said.
SPOT

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06:03 EDT Spotify reports Q1 MAUs up 19% y/y to 422M - MAUs grew 19% Y/Y to 422 million or 419 million excluding a one-time benefit of 3 million MAUs Premium Subscribers grew 15% Y/Y to 182 million. Premium ARPU grew 6% Y/Y in Q1 and 3% Y/Y on a constant currency basis.
WMT XOM

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05:46 EDT Walmart+ offers fuel discount to members through fuel station expansion - Walmart+ (WMT) is expanding its lineup of fuel stations. Walmart+ members will receive an instant discount of up to 10c on every gallon of fuel they purchase at participating fuel stations. With the addition of 12,000 Exxon and Mobil (XOM) locations across the country, a Walmart+ fuel discount is now available at more than 14,000 stations - a more than sixfold increase. Walmart+ members will save 10c per gallon at participating Exxon and Mobil locations, as well as 5c to 10c per gallon* at Walmart and Murphy USA stations. Member pricing is also available at more than 500 Sam's Club locations.
ELAN

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05:44 EDT Elanco secures exclusive U.S. license for Bovaer production - Elanco and Royal DSM have created a strategic alliance. Elanco has secured the exclusive U.S. licensing rights to develop, manufacture and commercialize Bovaer for beef and dairy cattle. DSM and Elanco intend to seek U.S. authorization for the product to provide farmers, dairy and beef companies, and retailers with a solution to lower the carbon footprint of beef and dairy production. Based on published research, the methane reduction from feeding a million cows Bovaer is equivalent to planting 45M trees or removing 300,000 cars from the road. The strategic alliance is expected to enable both parties to maximize the opportunity for the product in the U.S. market, once approved, while also nearly doubling previously announced Bovaer production capacity globally. Elanco will be responsible for the U.S. approval process, commercialization strategy and product supply, supporting DSM supply in markets outside the U.S. Elanco will assess and evaluate the regulatory submission and manufacturing options with the intent to bring Bovaer to the U.S. market as quickly as possible.
JOBS

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05:41 EDT 51job announces shareholder approval of merger with Garnet Faith - 51job announced that at an extraordinary general meeting of shareholders held, the company's shareholders voted in favor of, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger, dated as of June 21, as amended by amendment No. 1 to agreement and plan of merger, dated as of March 1, between the company and Garnet Faith Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands, and the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands, pursuant to which merger sub will merge with and into the company, with the company continuing as the surviving company, and to authorize and approve the consummation of any and all transactions contemplated by the Merger Agreement and the plan of merger, including the merger.
XPEV

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05:35 EDT XPeng signs cooperation agreement with ABC - XPeng announced that it has signed a strategic cooperation agreement with the Agricultural Bank of China, or ABC, Guangdong Branch, pursuant to which the company will secure a credit line of up to RMB 7.5B for its subsidiaries and affiliates in China. Under the terms of the agreement, the ABC Guangdong Branch will provide an extensive range of credit facilities to support the Company's business operations and expansion in China.
SFBC

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05:23 EDT Sound Financial Bancorp announces new $2M stock repurchase program - Sound Financial Bancorp announced that its board of directors approved an extension of its previously announced stock repurchase program authorizing the company to repurchase up to $2M of its outstanding shares of common stock during the period ending October 29. The new repurchase plan extends the October 2021 plan, which authorized the repurchase of up to $2M of the company's outstanding shares of common stock through April 25 of which approximately $352,00, or 8,668 shares, had been repurchased as of April 25. Under the plan, the company may purchase common stock from time to time in the open market, based on prevailing market prices, or in privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
TECK

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05:19 EDT Teck Resources announces additional $500M share buyback - Teck Resources announced that it intends to repurchase up to $500M of Class B subordinate voting shares. These proposed share repurchases are in addition to the previously announced approximately $635M in aggregate of dividends and share repurchases for 2022.