Stockwinners Market Radar for May 26, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
CATY | Hot Stocks20:04 EDT Cathay General adopts new buyback program for up to $125M - Cathay General "announced that its Board of Directors has adopted a new share repurchase program authorizing the Company to repurchase up to $125,000,000 of the company's common stock. The previous $125,000,000 share repurchase program announced on September 2, 2021, was completed on February 18, 2022, with the repurchase of 2,858,503 shares at an average cost of $43.73."
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CAR | Hot Stocks19:13 EDT Avis Budget chairman buys $4.9M in common stock - In a regulatory filing, Avis Budget disclosed that Executive Chairman Bernardo Hees bought 28.3K shares of common stock on May 24th in a total transaction size of $4.9M.
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MYGN | Hot Stocks19:04 EDT Myriad Genetics to present multiple genetic studies in cancer treatment at ASCO - The company states: "Myriad Genetics will present multiple studies at the 2022 American Society of Clinical Oncology Annual Meeting, highlighting the value of genetic insights to guide and clarify cancer treatment and risk assessment. The presentations underscore Myriad's commitment to partnering with oncologists and other healthcare partners to support health equity and provide data-driven insights to help guide clinical care and improve outcomes. They follow the recent launch of Precise(TM) Oncology Solutions, a comprehensive suite of solutions offering germline testing, tumor profiling, and companion diagnostic options, including evaluation for homologous recombination deficiency. The suite offers a streamlined testing experience designed to help oncologists recommend personalized treatment plans for their patients. Precise Oncology Solutions currently includes Myriad's Precise Tumor Test, MyRisk Hereditary Cancer Test and its two FDA-approved companion diagnostic tests: MyChoice CDx and BRACAnalysis CDx. A new Precise Treatment Registry combines germline, somatic and HRD genetic data to accelerate the pace of precision cancer research and equitable advancements in patient care. Additionally, Myriad recently announced it will expand its strategic partnership with Intermountain Precision Genomics, a service of Intermountain Healthcare, to offer a liquid biopsy therapy selection test as part of its growing oncology portfolio in 2023. Also at ASCO, Myriad will highlight a validation study for its market-leading MyRisk Hereditary Cancer Test with RiskScore, the first polygenic breast cancer risk assessment clinically and analytically validated for women of all ancestries. Providers can gain critical insights to help identify women with an increased risk of breast cancer who do not have a harmful mutation in well-known breast cancer genes, like BRCA1."
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BMEA | Hot Stocks19:00 EDT Biomea Fusion to present new preclinical data on BMF-219 at ASCO - Biomea Fusion "announced it will present new data at the American Society of Clinical Oncology Annual Meeting demonstrating BMF-219's activity in ex vivo preclinical models of CLL. In addition, the company will present a Trial In Progress poster presentation detailing the design of COVALENT-101. BMF-219 demonstrated potency across ex vivo CLL tumor models with varying cytogenetic risk profiles and Rai stages, indicating broad activity with over 98% cell lethality in all of these models. Additionally, BMF-219 showed consistently strong activity compared to venetoclax (used as a positive control) and significantly greater activity than a clinical non-covalent menin inhibitor. Additionally, BMF-219 exhibited robust growth inhibition in patient samples that were less responsive to bendamustine and ibrutinib" CEO Thomas Butler states: "Given our leadership team's involvement with the discovery and development of ibrutinib and, thus, its demonstrated efficacy in CLL, we were highly encouraged to see BMF-219 demonstrate greater activity than ibrutinib ex vivo, especially in patient samples with TP53 alterations and NOTCH1 mutations. BMF-219's powerful cell-killing activity across ex vivo CLL models as a single agent, at similar concentrations as our prior experiments of BMF-219 in ex vivo models of other cancer types, is a very important finding. We are eager and very excited to fully explore the clinical potential of a covalent menin inhibitor across multiple liquid and solid tumor types."
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MREO | Hot Stocks18:57 EDT Mereo BioPharma to present updated Phase 1b/2 data on Etigilimab and Nivolumab - Mereo BioPharma announced the presentation of interim clinical data from its Phase 1b/2 Study of Etigilimab and Nivolumab in Subjects with Select Locally Advanced or Metastatic Solid Tumors at the 2022 ASCO Annual Meeting June 3 - 7. At the time of the February 10 abstract deadline, of the 27 efficacy-evaluable subjects with minimum of 1 staging scan or radiological/clinical progression, 12 subjects had a clinical benefit with 1 CR, 2 PRs and 9 SDs and 15 subjects had radiological/clinical progression, with an overall response rate of 11% and disease control rate of 44%. The combination of etigilimab and nivolumab has been safe and well tolerated, with no new safety signals observed to-date.
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AFMD | Hot Stocks18:55 EDT Affimed to present on three AFM24 clinical trial designs at ASCO 2022 - Affimed announced that three abstracts of clinical trial designs of its AFM24 innate cell engager have been published and will be presented at the ASCO Annual Meeting on June 3-7. The Trial in Progress posters provide background information and introduce the study designs of the three ongoing AFM24 studies in which patients with a variety of EGFR-positive solid tumors are treated with AFM24 monotherapy or in combinations with either Roche's checkpoint inhibitor, atezolizumab, or NKGen Biotech's autologous NK cell product, SNK01. The AFM24 monotherapy study abstract includes information about the dose-escalation phase of the study. An ongoing phase 1/2a, first-in-human study is evaluating AFM24 in patients with locally advanced or metastatic, treatment refractory solid tumors that are known to express EGFR. AFM24 had a well-managed safety profile and the RP2D was established at 480 mg. In parallel to the continuing dose escalation phase, a phase 2a dose expansion study was initiated, and the first patient was enrolled in January 2022. The trial will progress to the second stage unless the null hypothesis, that the true tumor response rate is below a specific value, is confirmed at the end of stage one. The AFM24 combination with atezolizumab study abstract details the trial design and rationale for the combination study of AFM24 and atezolizumab in patients with advanced EGFR-expressing solid tumors. An ongoing phase 1/2a open-label, non-randomized, multicenter, dose escalation and dose expansion study was initiated in November 2021 to evaluate the safety, tolerability and efficacy of AFM24 in combination with atezolizumab. The primary aim of the phase 1 study is to determine the maximum tolerated dose and the RP2D of AFM24. Escalating doses of AFM24 will be given to each cohort as weekly intravenous infusions. The phase 2a study will establish the overall response rate and safety of the combination therapy in patients with various types of cancer.
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ONCT | Hot Stocks18:51 EDT Oncternal Therapeutics presents interim data for Zilovertamab+Ibrutinib at ASCO - Oncternal Therapeutics "announced updated interim clinical data from the ongoing Phase 1/2 CIRLL clinical trial, that will be presented in a poster presentation at the American Society of Clinical Oncology, ASCO, 2022 Annual Meeting. In the CIRLL study, zilovertamab, an investigational anti-ROR1 monoclonal antibody, is being evaluated in combination with ibrutinib in patients with mantle cell lymphoma and chronic lymphocytic leukemia. The clinical trial is being conducted in collaboration with the University of California San Diego and has been partially funded by the California Institute for Regenerative Medicine." "The interim data update presented today further strengthens our confidence in the significant clinical value the combination of zilovertamab and ibrutinib can deliver to MCL and CLL patients. Solid objective response rate of 85% and median progression-free survival of 36 months in heavily pre-treated MCL patients in our CIRLL study support our Phase 3 registrational study ZILO-301, which we plan to initiate in the third quarter," said James Breitmeyer, CEO. "We continue to be especially intrigued by the encouraging and robust response rate across multiple populations of high-risk MCL and CLL patients, most notably the prolonged PFS seen for those that express the p53 mutation, a particularly challenging population for BTK inhibitors. This is further proof that the combination is very active, and we believe it may address important unmet medical needs in difficult-to-treat patients with aggressive forms of hematological malignancies."
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PBYI | Hot Stocks18:49 EDT Puma Biotechnology to present two abstracts on neratinib at ASCO Meeting - Puma Biotechnology announced the publication of two abstracts on neratinib to be presented at the 2022 ASCO Annual Meeting. The full posters will be available on the Puma website following the presentations. The first abstract's title is: Targeting HER2 mutation-positive advanced biliary tract cancers with neratinib: final results from the phase 2 SUMMIT 'basket' trial. The second abstract is titled "Neratinib plus fulvestrant plus trastuzumab (N+F+T) for hormone receptor-positive (HR+), HER2-negative, HER2-mutant metastatic breast cancer (MBC): Outcomes and biomarker analysis from the SUMMIT trial".
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NVTA | Hot Stocks18:48 EDT Invitae to present eight studies at ASCO - Invitae "announced eight studies to be presented at the 2022 American Society of Clinical Oncology Annual Meeting held in Chicago from June 3-7, 2022. The presentations are titled: "Poster 60/Abstract 4569: Titled: Germline variants across self-reported racial populations with urothelial carcinoma (UC). Presenter: Amin Nassar, M.D. - Saturday, June 4, 2022 at 1:15 p.m. CDT. Abstract 10500: Titled: Democratizing germline genetic testing and its impact on prostate cancer clinical decision-making. Presenter: Neal D. Shore, M.D. - Monday, June 6, 2022 at 8:00 a.m. CDT. Abstract 10504: Titled: Clinical implications of germline genetic testing stratified by ethnicity in a large colorectal cancer cohort. Presenter: Sarah Coughlin, M.D. - Monday, June 6, 2022 at 8:00 a.m. CDT. Poster 464/Abstract 10589: Titled: Integrated germline and somatic cancer testing provides opportunity to identify cancer risk and resolve variant origins. Presenter: King Das, M.D. - Monday, June 6, 2022 at 1:15 p.m. CDT. Poster 455/Abstract 10580: Titled: Implementation of universal, pan-cancer germline genetic testing in cancer patients in Jordan. Presenter: Hikmat Abdel-Razeq, M.D. - Monday, June 6, 2022 at 1:15 p.m. CDT. Poster 463/Abstract 10588: Titled: Universal genetic testing versus guideline-directed testing for hereditary cancer syndromes among traditionally underrepresented patients in a community oncology program. Presenter: Jeremy Clifton Jones, M.D. - Monday, June 6, 2022 at 1:15 p.m. CDT. Poster 401/Abstract 10523: Titled: Germline predisposition in oncologic and dermatologic melanoma cohorts. Presenter: Pauline Funchain, M.D. - Monday, June 6, 2022 at 4:30 p.m. CDT. Online Publication: Titled: Patterns and prevalence of pathogenic germline mutations using multi-gene panel testing in patients with ovarian cancer. The Jordanian Exploratory Cancer Genetics (Jo-ECAG) ovarian study. Lead Author Hikmat Abdel-Razeq, M.D."
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ABUS | Hot Stocks18:47 EDT Arbutus Biopharma to present data from preclinical study of PD-L1 inhibitor - Arbutus Biopharma's abstract on a preclinical oncology study for one of Arbutus' oral PD-L1 inhibitor compounds, designed to reawaken the immune system, has been selected for publication at the ASCO Annual Meeting. The abstract's title is "Pre-clinical anti-tumor activity of small-molecule oral PD-L1 checkpoint inhibitors". Immune checkpoints such as PD-1/PD-L1 play an important role in the induction and maintenance of immune tolerance and in T-cell activation.
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ELEV | Hot Stocks18:46 EDT Elevation Oncology to present initial Seribantumab data at ASCO - Elevation Oncology "announced positive initial clinical proof-of-concept data from its ongoing Phase 2 CRESTONE study evaluating the safety and efficacy of seribantumab in patients with advanced solid tumors that harbor NRG1 gene fusions. These data will be presented at the 2022 American Society of Clinical Oncology, ASCO, Annual Meeting, being held in Chicago from June 3-7, 2022. The efficacy data being presented are from 12 patients evaluable for investigator-assessed response per RECIST v1.1. All patients were treated with seribantumab monotherapy dosed at 3g weekly IV, in Cohort 1 of CRESTONE, which includes patients with no prior pan-ERBB, HER2 or HER3 targeted therapy, with centrally confirmed NRG1 gene fusion status via RNA-based next generation sequencing assay." "The response rate observed in the Cohort 1 patient population, including complete and partial responses, together with early signs of durable responses and a well-tolerated safety profile, demonstrate the potential of seribantumab to become a best-in-class therapy with a differentiated profile for patients whose tumor harbors an NRG1 fusion," said Valerie Malyvanh Jansen, MD, PhD, Chief Medical Officer of Elevation Oncology. "These initial results further support our confidence in the tumor-agnostic clinical development strategy for seribantumab and targeting genomically defined patient populations. We look forward to continuing to advance seribantumab to address the significant unmet needs of patients with NRG1 fusions."
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PDSB | Hot Stocks18:42 EDT PDS Biotechnology announces presentation of Phase 2 data on PDS0101 at ASCO - PDS Biotechnology "announced an upcoming poster presentation of preliminary data from its ongoing Phase 2 VERSATILE-002 clinical trial at the American Society of Clinical Oncology, ASCO, Annual Meeting taking place June 3-7, 2022 in Chicago and online. VERSATILE-002 is a single-arm Phase 2 study evaluating the safety and efficacy of PDS0101, an HPV16-targeted investigational T cell-activating immunotherapy that leverages PDS Biotech's proprietary Versamune technology, in combination with Merck's anti-PD-1 therapy KEYTRUDA. The combination is being evaluated in checkpoint inhibitor-naive and CPI-refractory patients with recurrent/metastatic HPV16-positive head and neck squamous cell carcinoma. The data being presented at ASCO will detail preliminary safety and efficacy data for CPI-naive patients at a prespecified interim analysis point. In the VERSATILE-002 clinical trial, patients are being treated with KEYTRUDA(R) 200 mg by IV infusion every three weeks, plus subcutaneous injection of PDS0101 for the first 4 treatment cycles and again on Cycle 12; KEYTRUDA treatment continues for up to 35 cycles, or until disease progression or demonstrated intolerance to therapy."
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GRCL | Hot Stocks18:40 EDT Gracell to present updated clinical data on GC012F in multiple myeloma - Gracell Biotechnologies will present updated clinical data from a multicenter investigator-initiated trial evaluating GC012F, the company's B-cell maturation antigen and CD19 dual-targeting CAR-T candidate, for the treatment of relapsed/refractory multiple myeloma at the ASCO Annual Meeting. GC012F is an autologous CAR-T therapeutic candidate dual-targeting BCMA and CD19, developed using Gracell's proprietary FasTCAR platform, which enables next-day manufacturing of CAR-T therapies. In November 2021, GC012F was granted Orphan Drug Designation for multiple myeloma by the FDA. GC012F is currently being evaluated in IITs in China including in MM and B-NHL. At the data cutoff of January 26, the 28 patients had been evaluated for response with a median follow-up time of 6.3 months, ranging from 1.8 to 29.9 months. The response rate at different dose levels was 100% - 2/2 - in DL1, 80% - 8/10 - in DL2, and 93.8% -15/16 - in DL3. 27/27, 100% MRD-assessable patients achieved minimal residual disease negativity. The safety profile of GC012F was consistent with previous findings with mostly low grade of cytokine release syndrome. No Grade 4 or 5 CRS, or any Grade immune effector cell-associated neurotoxicity syndrome (ICANS) were observed.
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GSK SWTX | Hot Stocks18:39 EDT SpringsWorks Therapeutics presents Nirogacestat Clinical Data at 2022 ASCO - SpringWorks Therapeutics (SWTX) "announced initial clinical data from the Phase 1/2 study evaluating nirogacestat, SpringWorks' investigational gamma secretase inhibitor, in combination with BLENREP, GSK plc's (GSK) antibody drug conjugate targeting B-cell maturation agent, in patients with relapsed or refractory multiple myeloma. In addition, SpringWorks also highlighted long-term follow-up data from a Phase 2 study sponsored by the National Cancer Institute evaluating nirogacestat in patients with progressing desmoid tumors, which included follow-up on progression-free survival and long-term safety data.2 These data sets will be shared in poster sessions at the 2022 American Society of Clinical Oncology Annual Meeting, June 3-7, 2022 in Chicago. The objective of this sub-study of GSK's DREAMM-5 platform trial is to determine if low-dose BLENREP in combination with nirogacestat results in similar efficacy with an improved ocular toxicity profile compared to single-agent BLENREP at its approved dose and schedule. The study opened with a dose-exploration arm evaluating 0.95 mg/kg BLENREP Q3W combined with 100 mg BID nirogacestat dosed continuously, and subsequently moved into a cohort expansion arm. The target enrollment for the CE arm of the study is 70 patients randomized either to BLENREP 2.5mg/kg Q3W monotherapy or low-dose BLENREP plus nirogacestat combination using the same dose as the DE arm cohort. The study enrolled patients with relapsed or refractory multiple myeloma who have received at least 3 prior lines of therapy, including an immunomodulatory agent, proteasome inhibitor, and anti-CD38 antibody. The poster being presented at ASCO includes data from a total of 24 patients treated with low-dose BLENREP + nirogacestat across the DE and CE cohorts and 14 patients treated with monotherapy BLENREP in the CE cohort. At the time of the March 4, 2022 data cut-off, the median of follow-up in the low-dose BLENREP plus nirogacestat DE cohort was 34.5 weeks (5-88 weeks), with durations of response exceeding one year in some patients. Data from the CE cohorts are not yet mature with a median duration of follow-up of 12 weeks available at the time of data cut-off. The CE cohorts utilized the KVA ocular toxicity grading scale; Grade 3 ocular adverse events occurred in 1/14 patients in the low-dose BLENREP plus nirogacestat combination compared to 7/14 patients in the BLENREP monotherapy arm. The DE cohort utilized the CTCAE-5 ocular toxicity grading scale; the low-dose BLENREP plus nirogacestat combination demonstrated Grade 3 ocular adverse events in 2/10 patients. At the time of data cut-off, the objective response rate of low-dose BLENREP plus nirogacestat across the DE and CE cohorts was 38%, with 17% of patients achieving a VGPR or better. The ORR of the BLENREP monotherapy control arm was 50%, with no patients achieving a VGPR or better."
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TCRT | Hot Stocks18:36 EDT Alaunos Therapeutics to present data on TCR-T Library Phase 1/2 trial - Alaunos Therapeutics announced a Trials in Progress poster presentation at the 2022 ASCO Annual Meeting that will summarize the adaptive trial design, dosing regimen, and follow up strategy for Alaunos' ongoing TCR-T Library Phase 1/2 trial. The open label, dose escalation trial is currently enrolling patients with non-small cell lung, colorectal, endometrial, pancreatic, ovarian, and bile duct cancers that have a matching human leukocyte antigen and hotspot mutation pairing in Alaunos' TCR-T library. In May, the company dosed the first patient in the trial.
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XNCR | Hot Stocks18:32 EDT Xencor reports initial dose-escalation Phase 1 data of XmAb 104 - Xencor reported initial dose-escalation data from the Phase 1 study evaluating XmAb 104, a PD-1 x ICOS bispecific antibody, in patients with advanced solid tumors. These results will be presented at the ASCO Annual Meeting on Sunday, June 5. DUET-3 is an ongoing Phase 1 study of XmAb104 to assess the candidate's safety and tolerability profile in patients with advanced solid tumors and to determine the maximum tolerated dose . The expansion portion of the study is currently enrolling patients with colorectal cancer, head and neck squamous cell carcinoma (HNSCC), non-squamous non-small cell lung cancer, sarcoma, melanoma and clear-cell renal cell carcinoma and is randomizing patients 1:1 to receive 10 mg/kg intravenous XmAb104 every two weeks as monotherapy or in combination with ipilimumab. "...we have observed biomarker activity consistent with engagement of both receptors. XmAb104 has been well tolerated and is exhibiting a distinct safety profile compared to other clinical ICOS programs, which, along with early anti-tumor activity in patients, supports its evaluation in expansion cohorts," said Chief Medical Officer Allen Yang. "The ongoing expansion portion of the study is testing XmAb104, with or without the anti-CTLA-4 antibody ipilimumab, as CTLA-4 blockade has been found to increase the frequency of ICOS-expressing T cells in multiple solid tumor types."
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SPPI | Hot Stocks18:28 EDT Spectrum to present data on poziotinib in NSCLC at ASCO Meeting - Spectrum Pharmaceuticals announced additional exploratory data for poziotinib in non-small cell lung cancer - NSCLC - patients harboring HER2 exon 20 insertion mutations at the 2022 ASCO Annual Meeting. In poziotinib treated patients with advanced NSCLC harboring HER2 exon 20 insertion mutations, baseline ctDNA presence was associated with the tumor tissue genotyping with a concordance of 95%. In patients who responded to treatment, reduced ctDNA levels were associated with tumor mass reduction by central imaging. Increases in ctDNA were observed prior to confirmation of tumor escape, or disease progression. Poziotinib is currently under review by the FDA with a PDUFA date of November 24, 2022 and has received Fast Track designation from the agency.
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AMGN TAK | Hot Stocks18:26 EDT Amgen to present new data from oncology pipeline at ASCO - Results From the PARADIGM Phase 3 Head-to-Head Trial of Vectibix(R) (panitumumab) Versus Bevacizumab in Untreated RAS Wild-Type Metastatic Colorectal Cancer* Largest Evaluation of Acquired Resistance to LUMAKRAS(R)/LUMYKRAS(R) (sotorasib) in KRAS G12C-mutated Cancers Inform Combination Treatment Approaches Amgen (AMGEN) will present new data from across its oncology medicines and biosimilars portfolio and pipeline at the ASCO Annual Meeting. Oral presentations will showcase Amgen's medicines for both lung and colorectal cancers with a plenary session highlighting the results from the PARADIGM Phase 3 head-to-head trial conducted by Takeda Pharmaceutical (TAK) in Japan comparing the efficacy of Vectibix - panitumumab - versus Avastin - bevacizumab -, both used in combination with chemotherapy, in patients with previously untreated RAS wild-type metastatic colorectal cancer. Data offer new insights to help inform combination treatment approaches with Lumakras. Investigators evaluated patterns of resistance to Lumakras in patients with NSCLC and CRC at disease progression. At least one newly acquired genomic alteration at progression was detected in 19 -28%- NSCLC patients and in 33 - 73% - CRC patients. The alterations were heterogeneous in both tumor types, with variants detected across multiple genes and pathways. Other research highlights include study updates on bemarituzumab, a potential first-in-class therapy for a subset of gastric and gastroesophageal cancers, AMG 193, being investigated for the treatment of solid tumors, and tarlatamab, an investigational, first-in-class molecule uniquely designed to target delta-like ligand in neuroendocrine cancers.
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LLY | Hot Stocks18:21 EDT Eli Lilly to present data on oncology portfolio - Eli Lilly announced that data from its oncology portfolio will be presented at the 2022 ASCO Annual Meeting. The data include new analyses from studies of Verzenio - abemaciclib, a CDK4/6 inhibitor -, Retevmo - selpercatinib, a selective RET inhibitor -, and imlunestrant - an investigational, oral selective estrogen receptor degrader. Lilly will present analyses from the Verzenio Phase 3 monarchE study in high-risk HR+, HER2- early breast cancer assessing factors associated with increasing risk of treatment discontinuation, an update on the tumor agnostic efficacy of Retevmo in patients with RET fusion-positive solid tumors other than lung and thyroid cancer treated on the global, multicenter registrational LIBRETTO-001 trial, and updated monotherapy results from the ongoing, first-in-human, Phase 1 EMBER trial of imlunestrant in patients with estrogen receptor positive advanced breast cancer and endometrioid endometrial cancer.
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CTIC | Hot Stocks18:19 EDT CTI BioPharma to present pivotal data on pacritinib program - CTI BioPharma announced a poster presentation from the company's pacritinib program at the 2022 ASCO Annual Meeting. "These data reinforce pacritinib's role as a safe, differentiated JAK inhibitor. Our risk-adjusted analysis demonstrates that the safety profile of pacritinib 200 mg twice a day is comparable to best available therapy, including ruxolitinib, and that pacritinib 200 mg twice daily could be a full-dose therapeutic option for patients with myelofibrosis, including those who experience severe thrombocytopenia," said CEO Adam Craig. "Earlier this year, VONJOTM - pacritinib - at 200 mg orally twice daily received accelerated FDA approval, becoming the first approved therapy that specifically addresses the needs of patients with cytopenic myelofibrosis...With a successful beginning to our commercial launch, these data reinforce VONJO's value as a new standard of care for cytopenic myelofibrosis patients with platelet counts less than50 109/L who have been waiting for new treatment options." Pacritinib is a novel JAK2/IRAK1 inhibitor that has shown significant activity in patients with myelofibrosis. This risk-adjusted analysis demonstrates that the safety profile of pacritinib 200 mg BID is comparable to BAT. These results indicate that pacritinb 200 mg BID may represent a full-dose therapeutic option for patients with myelofibrosis, including those with thrombocytopenia.
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CUE | Hot Stocks18:17 EDT Cue Biopharma to present interim data on CUE-101 in head and neck cancer - Cue Biopharma will give a poster presentation at the ASCO Annual Meeting presenting interim clinical data supporting the tolerability and antitumor activity of Cue Biopharma's lead interleukin 2-based CUE-100 series therapeutic, CUE-101, both as a monotherapy and in combination with pembrolizumab - Keytruda - for the treatment of patients with recurrent/metastatic HPV16+ head and neck cancer.
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IPSEY | Hot Stocks18:15 EDT Ipsen's Cabometyx shows 'encouraging' efficacy results in different tumor types - Ipsen announced encouraging data to be presented for the multi-targeted tyrosine kinase inhibitor, Cabometyx, across a range of cancer types at ASCO 2022 Annual Meeting. Data presentations will include findings in metastatic non-small cell lung cancer, as well as established indications of advanced renal cell carcinoma and radioactive iodine-refractory differentiated thyroid cancer. These data show that the therapeutic potential of Cabometyx as a key treatment option in a broad range of tumors is continuing to be realized. Updated outcomes from the multicenter Phase Ib COSMIC-021 trial evaluating the combination of Cabometyx plus atezolizumab in an expanded patient population in metastatic NSCLC demonstrate encouraging clinical activity with manageable toxicity in people previously treated with an immune checkpoint inhibitor. These data lay the foundations for the potential of Cabometyx in metastatic NSCLC which is being further examined in an ongoing Phase III trial. Topline results of the study are expected to be announced in the second half of 2022. An exploratory analysis will also be presented investigating the relationship between depth of response and clinical outcomes evaluating Cabometyx in combination with nivolumab vs sunitinib in previously untreated advanced renal cell carcinoma. Overall, greater proportions of patients receiving Cabometyx plus nivolumab demonstrated deeper responses vs sunitinib. Additionally, two new data analyses from the pivotal Phase III trial COSMIC-311 evaluating Cabometyx in RAI-R DTC will be presented. Results show Cabometyx maintained superior efficacy vs placebo irrespective of histology subtype. Another analysis will be presented related to outcomes for prespecified subgroups who received prior lenvatinib and/or sorafenib treatment. Cabometyx maintained its PFS vs placebo irrespective of prior lenvatinib and/or sorafenib treatment. The safety profile identified in the three trials was consistent with that previously observed for Cabometyx in monotherapy and in combination.
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CMPI | Hot Stocks18:13 EDT Checkmate Pharmaceuticals vidutolimod data to be presented at ASCO - Checkmate Pharmaceuticals "announced the University of Iowa Holden Comprehensive Cancer Center's presentation of preliminary data from an investigator-sponsored phase 1/2 trial evaluating vidutolimod, a first-in-class, immunostimulatory, noninfectious virus-like particle containing a CpG-A Toll-like receptor 9 agonist. The early phase trial is investigating intratumoral vidutolimod therapy in combination with intravenous pembrolizumab in patients with relapsed lymphoma. The objective of this study is to determine the dose of vidutolimod that, in combination with pembrolizumab, has optimal clinical efficacy and acceptable toxicity in patients with relapsed lymphoma who have failed at least one line of therapy. Key highlights from the presentation include: 1) Preliminary results suggest that in situ immunization with vidutolimod plus systemic pembrolizumab had clinical activity in a variety of lymphomas in 5 of 7 patients studied. 2) No significant adverse effects were reported after the 4-hour observation period other than mild headache or fatigue lasting only through day. 3) Consistent with preclinical data, generation of anti-Qbeta antibodies after the initial subcutaneous vidutolimod dose correlated with response to study treatment; further evaluation in additional patients is needed to confirm these initial observations. 4) Additional evaluation of complex interactions between cells in the tumor microenvironment in response to vidutolimod will be needed to understand these findings."
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ACET | Hot Stocks18:10 EDT Adicet Bio's ADI-001 shows 67% response rate for NHL in Phase 1 trial - Adicet Bio announced that an abstract detailing updated safety and efficacy data from the company's Phase 1 study of ADI-001 for the potential treatment of relapsed or refractory B-cell Non-Hodgkin's Lymphoma -NHL- was made available as part of the ASCO Annual Meeting, to be held June 3-7. Data highlights as of the February 14 data-cut date were: six evaluable patients were enrolled. Overall, the patients were heavily pretreated. At Day 28, the overall response rate and the complete response rate were 67%. Of the four patients who achieved CR after treatment with ADI-001: two remained in CR with greater than or equal to three months post-treatment follow-up. One patient who had responded to ADI-001 developed COVID-19 related pneumonia and later died of complications from it, unrelated to ADI-001. Safety data were consistent with the previously reported well tolerated profile. No dose-limiting toxicities were documented.
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IMCR | Hot Stocks18:10 EDT Immunocore to deliver tebentafusp presentations at ASCO - Immunocore "announces it will deliver an oral presentation and two poster presentations at the 2022 American Society of Clinical Oncology Annual Meeting, which will be held from June 3 - 7, 2022." The presentations are titled: "Treatment with tebentafusp beyond radiographic progressive disease in metastatic uveal melanoma", "Analysis of the effect of systemic corticosteroids on survival from tebentafusp in a phase 3 trial of metastatic uveal melanoma", and "Overall survival in metastatic uveal melanoma: A summary of recent prospective trials".
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AURA | Hot Stocks17:59 EDT Aura Biosciences announces publication of preclinical data on AU-011 at ASCO - Aura Biosciences "announced the publication of preclinical data on AU-011, its first VDC product candidate, in combination with immune checkpoint inhibitors. AU-011 is being developed for the treatment of life-threatening cancers with high unmet need, including primary choroidal melanoma and non-muscle invasive bladder cancer. The abstract has been published online as part of the 2022 American Society of Clinical Oncology Annual Meeting, being held June 3-7, 2022, in Chicago, IL. "These data show that AU-011, a first in class VDC, in combination with immune checkpoint inhibition is effective against both primary tumors and distant metastases in a preclinical model, demonstrating its clinical potential for the treatment of choroidal melanoma and certain other cancers. This includes the potential to treat both the primary tumor in early-stage disease and to treat metastatic lesions, whether clinically present or not at initial treatment." said Dr. Cadmus Rich, Chief Medical officer of Aura Biosciences.
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MMMB | Hot Stocks17:54 EDT MamaMancini's discloses Nasdaq notice regarding late filing - MamaMancini's "announced that it has received a notice from The Nasdaq Stock Market LLC stating that because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended January 31, 2022, the company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the SEC. The notification letter has no immediate effect on the listing or trading of the company's common stock on the Nasdaq Capital Market."
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KNTE | Hot Stocks17:47 EDT Kinnate Biopharma to present trial design candidate KIN-3248 data at ASCO - Kinnate Biopharma "announced the presentation of the design and rationale of a Phase 1 trial-in-progress evaluating the Company's pan-FGFR inhibitor product candidate, KIN-3248. The details will be presented during a poster session on June 6, 2022, at the Annual Meeting of the American Society of Clinical Oncology, ASCO, taking place in Chicago, IL, June 3-7. In addition, in an abstract published in the ASCO meeting proceedings, the Company also shared updates from its preclinical in vitro and in vivo preclinical studies evaluating KIN-2787 in combination with binimetinib. In these studies, KIN-2787 demonstrated significant combination benefit in NRAS-mutant melanoma models. Taken together with its unique selectively, these data support the use of KIN-2787 in combination therapy in this patient segment. Melanoma tumor cell lines bearing NRAS Q61 alterations demonstrated synergistic benefit with KIN-2787 combined with binimetinib. Daily KIN-2787 plus binimetinib treatment in NRAS-altered melanoma xenograft models resulted in significant tumor growth inhibition benefit relative to either agent alone and was associated with added MAPK pathway biomarker suppression."
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ALPN | Hot Stocks17:46 EDT Alpine Immune Sciences to present data on ALPN-303 and ALPN-202 candidates - Alpine Immune Sciences announced the acceptance of abstracts for presentation at the 2022 European Congress of Rheumatology - EULAR - Annual Congress in Copenhagen June 1-4, and the 2022 ASCO Annual Meeting in Chicago June 3-7. At the EULAR Annual Congress, novel preclinical and preliminary phase 1 healthy volunteer data of ALPN-303 will be presented. At the ASCO Annual Meeting, the company will present a poster with updated data from the dose escalation portion of NEON-1, a phase 1 study of davoceticept as monotherapy, and a trials in progress poster of NEON-2, a phase 1 combination study of davoceticept and pembrolizumab.
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INSE | Hot Stocks17:44 EDT Director of Inspired Entertainment Chambrello purchased $199K in company shares - Director of Inspired Entertainment Michael Chambrello purchased 20,070 shares of company stock at $9.92 per share on May 24, for a total transaction amount of $199,094.
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LBPS... | Hot Stocks17:43 EDT 4D pharma presents Phase 2 data of MRx0518 - 4D pharma (LBPS) announced the presentation of a trial in progress poster from the Phase II clinical trial of MRx0518 in combination with Bavencio - avelumab -, a PD-L1 blocking antibody, as a first-line maintenance therapy for patients with unresectable locally advanced or metastatic urothelial carcinoma that has not progressed with first-line platinum-containing chemotherapy, at the 2022 ASCO Annual Meeting. Highlights from the trial in progress poster include: the multi-center study will enroll 30 patients with unresectable locally advanced or metastatic urothelial carcinoma. Patients will receive intravenous Bavencio - avelumab - every two weeks, in combination with one oral capsule of MRx0518 twice daily, until disease progression, patient withdrawal, or unacceptable toxicity. In addition to assessing the safety of the combination of MRx0518 with Bavencio, the study will assess the effect of the combination on progression-free survival at 6 months. The study is being conducted in collaboration with Merck (MRK), Darmstadt, Germany and Pfizer (PFE). Study sites are open for patient enrolment.
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ZYME | Hot Stocks17:42 EDT Zymeworks to present zanidatamab antibody data at ASCO - Zymeworks "announced new clinical data for the HER2-targeted bispecific antibody zanidatamab in both HER2-positive breast cancer and gastric/gastroesophageal junction adenocarcinoma. The data are being presented in two separate poster sessions at the American Society of Clinical Oncology Annual Meeting June 3-7, 2022 in Chicago, IL." Neil Josephson, M.D., Chief Medical Officer, states: "These encouraging new data sets presented at ASCO provide further validation of zanidatamab's potential in the treatment of advanced HER2-positive cancers and follow the release of other promising data in gastroesophageal and breast cancer in 2021. These new data continue to demonstrate the potential for zanidatamab to be an important advancement in the treatment of a wide range of HER2-expressing cancers, including in first-line treatment regimens."
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TS | Hot Stocks17:39 EDT Italian court dismisses case against Tenaris CEO, two board members - Tenaris S.A. was advised that the Milan court of first instance overseeing an investigation in Italy into allegedly improper payments made in Brazil prior to 2014 for the supposed benefit of Confab Industrial S.A., a Brazilian subsidiary of the company, dismissed for lack of jurisdiction the case brought by the public prosecutor against each of Tenaris's chairman and CEO Paolo Rocca and board members Gianfelice Rocca and Roberto Bonatti, and the company's controlling shareholder, San Faustin S.A.. The court stated that "the criminal proceeding should not even have been initiated". The public prosecutor may appeal the decision.
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SRRA | Hot Stocks17:38 EDT Sierra Oncology announces two abstracts accepted to ASCO - Sierra Oncology "announced two abstracts have been accepted into the program for the Annual Meeting of the American Society of Clinical Oncology, ASCO, being held June 3-7, 2022, in Chicago and online. An abstract presenting the full data from the pivotal phase 3 MOMENTUM study in myelofibrosis patients who are symptomatic and anemic has been selected for an oral presentation on June 7. An additional subset analysis from the trial evaluating safety and efficacy for patients with low platelet counts has been selected for poster presentation."
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CADL | Hot Stocks17:38 EDT Candel Therapeutics reports initial Phase 2 data of CAN-2409 in NSCLC - Candel Therapeutics announced the publication of an abstract at the ASCO Annual Meeting June 3-7, which summarizes initial data as of January 10 from Candel's open-label phase 2 clinical trial evaluating CAN-2409 in combination with anti-PD-1 or PD-L1 agents in patients with stage III/IV non-small cell lung cancer, or NSCLC, who have had an inadequate response to immune checkpoint inhibitor treatment. "The achievement of an 87.5% disease control rate in patients whose cancer was progressing on anti-PD-1 treatment at enrollment bolsters the evidence of CAN-2409's potential to induce immunization against cancer neoantigens in both injected tumors and uninjected metastases so that resistance to checkpoint blockade can be overcome," said CEO Paul Peter Tak. Experimental treatment with CAN-2409 plus valacyclovir in combination with anti-PD-1 agents appeared to be well tolerated. The most common treatment-related adverse events were transient flu-like symptoms, such as chills, fever and fatigue, with no grade 4 and two grade 3 events reported. Most patients experienced a reduction in tumor burden. Two of the three patients with a PR had PD-L1 expression below 1%, the third being unknown; 19 of 20 patients in the trial had negative or low PD-L1 expression.
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PMVP | Hot Stocks17:34 EDT PMV Pharmaceuticals: Lead program, PC14586 accepted as oral presentation at ASCO - PMV Pharmaceuticals announced the online publication of the abstract for its lead program, PC14586, accepted as an oral presentation at the 2022 American Society of Clinical Oncology annual meeting being held June 3-7, 2022 in Chicago, Illinois. The published abstract describes preliminary outcomes from 29 patients, including 21 efficacy evaluable, from the ongoing Phase 1/2 PYNNACLE trial of PC14586 in patients with advanced solid tumors that have a p53 Y220C mutation. These initial data from our Phase 1/2 tumor agnostic study enrolled patients across multiple tumor types over a broad range of doses. The preliminary clinical pharmacokinetics data showed dose proportional increases in Cmax and AUC. In addition, the safety profile was encouraging as PC14586 was well-tolerated. "Patients whose tumors carry a p53 mutation are known to have a poor prognosis. The patients who were enrolled in our study had very limited or no other standard treatment options available to them. Early efficacy and safety data from this Phase 1/2 trial provide the potential of a p53 therapy," said David Mack, Ph.D., President and CEO, PMV Pharma. "We look forward to Dr. Dumbrava's presentation of these data at ASCO and continuing to progress the PC14586 development program."
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EFTR | Hot Stocks17:33 EDT eFfector Therapeutics presenting interim Phase 1/2 data of zotatifin - eFFECTOR Therapeutics will present interim data from its ongoing Phase 1/2 dose escalation and expansion trial of zotatifin in multiple solid tumors at the 2022 ASCO Annual Meeting, including safety, pharmacokinetics, pharmacodynamics and responses in two expansion cohorts. Zotatifin is eFFECTOR's wholly-owned inhibitor of mRNA helicase eIF4A, designed to downregulate expression of key oncoproteins and cell cycle proteins that drive tumor growth and resistance. eFFECTOR has completed the Phase 1 portion of this trial and is currently enrolling patients in multiple Phase 2a open-label expansion cohorts in patients with solid tumors, including ER+ breast cancer and KRAS G12C non-small cell lung cancer. CEO Steve Worland said, "The interim data from our ongoing trial demonstrated that the recommended Phase 2 dose of zotatifin was well-tolerated and achieved pharmacologically active exposures as shown by reductions in target proteins in on-treatment biopsies and by two responses as of the most recent data cut-off in the expansion cohorts."
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SURF | Hot Stocks17:33 EDT Surface Oncology to present new SRF388 data at ASCO - Surface Oncology "announced the presentation of new clinical data on SRF388, a potential first-in-class IL-27 antibody. Data from the Phase 1/1b clinical trial of SRF388 as a monotherapy and in combination with pembrolizumab, Merck's anti-PD-1 therapy, will be presented in an oral abstract session at the 2022 American Society of Clinical Oncology, ASCO, Annual Meeting. " Chief Medical Officer Alison O'Neill states: "In the ongoing SRF388 Phase 1 trial, we observed three confirmed partial responses across three different indications with multiple other patients experiencing durable clinical benefit in the form of disease stabilization. While still early, these findings are compelling and support our view that SRF388 holds exciting potential in the treatment of a variety of tumor types, particularly in combination with other immuno-oncology therapies."
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EQRX | Hot Stocks17:31 EDT EQRx announces new data for lead oncology program in NSCLC at ASCO - EQRx "announced data from pivotal trials of sugemalimab, a PD-L1 inhibitor, and aumolertinib, a third-generation EGFR-tyrosine kinase inhibitor, being presented at the 2022 American Society of Clinical Oncology Annual Meeting taking place from June 3 through June 7, 2022. The data further demonstrate the potential clinical benefit of these investigational medicines in non-small cell lung cancer, or NSCLC, and of sugemalimab in relapsed or refractory extranodal natural killer/T-cell lymphoma, a rare and aggressive form of non-Hodgkin lymphoma that does not have approved treatment options in the U.S. These data will help support global regulatory submissions for sugemalimab and aumolertinib."
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ARAV | Hot Stocks17:29 EDT Aravive reports Phase 1b/2 results of batiraxcept in renal cell carcinoma - Aravive is presenting updated Phase 1b/2 ccRCC data at the 2022 ASCO annual meeting June 3-7. Interim Phase 1b results include: batiraxcept 15 mg/kg in combination with cabozantinib 60 mg has a manageable safety profile in previously treated ccRCC; no dose-limiting toxicities have been observed; a similar safety profile was observed across the 15 mg/kg and 20 mg/kg dose cohorts. Batiraxcept given every 2 weeks suppressed serum GAS6 to below the level of quantitation in 25/26 patients showing a clear pharmacokinetic/pharmacodynamic relationship; 23/26 patients had batiraxcept trough levels above the minimally efficacious concentration of 13.8 mg/L by Cycle 2. The confirmed + unconfirmed response rate in the total population was 46% with a 50% confirmed response rate in the 15mg/kg batiraxcept group. The proportion of patients in the total population who were progression free at 7 months was 71%. The proportion of patients in the total population who had a duration of response of at least 7 months was 75%. 58% of total population achieved a better response on the batiraxcept trial than they did with their therapy prior to study entry, which was only 23%. The safety and clinical activity of this combination together with PK/PD data support a RP2D of 15 mg/kg. Enrollment in the registration directed Phase 3 program in PROC remains on pace to complete this year.
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MEIP | Hot Stocks17:29 EDT MEI Pharma, Kyowa Kirin announce acceptance of zandelisib abstract for ASCO - MEI Pharm and Kyowa Kirin "announced that an abstract highlighting data and information from the Phase 2 TIDAL study evaluating the intermittent dosing of zandelisib, an investigational phosphatidylinositol 3-kinase delta inhibitor in clinical development for the treatment of B-cell malignancies, will be presented during a poster discussion session at the upcoming American Society of Clinical Oncology, ASCO, 2022 Annual Meeting to be held June 3 - 7, 2022."
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CROX | Hot Stocks17:26 EDT Crocs Chairman Smach purchases 5000 shares of company stock - Crocs Chairman Thomas Smach purchased 5,000 shares of company stock at $49.99 per share on May 25, for a total transaction amount of 249,950.
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TARA | Hot Stocks17:25 EDT Protara Therapeutics to present Phase 1 trial data of bladder cancer candidate - Protara Therapeutics will present a Trials in Progress poster related to its ADVANCED-1 Phase 1 trial at the ASCO Annual Meeting being held June 3 through June 7. The ADVANCED-1 study is evaluating TARA-002, an investigational cell-based immunopotentiator, for the treatment of non-muscle invasive bladder cancer, or NMIBC. ADVANCED-1 is a Phase 1 dose-finding, open-label trial evaluating TARA-002 in treatment-naive and treatment-experienced NMIBC patients with high-grade carcinoma in situ and high-grade papillary tumors. In the initial dose escalation phase of the trial, patients will receive six weekly intravesical doses of TARA-002. The primary objective of the trial is to evaluate the safety, tolerability and preliminary signs of anti-tumor activity of TARA-002, with the goal of establishing a recommended dose for a planned Phase 2 clinical trial. TARA-002 is an investigational cell therapy in development for the treatment of NMIBC and LMs for which it has been granted Rare Pediatric Disease Designation by the FDA. Bladder cancer is the 6th most common cancer in the U.S.
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GD | Hot Stocks17:23 EDT General Dynamics awarded $324.52M Space Development Agency contract - General Dynamics was awarded a contract in the amount of $324.52M, including a base amount of $162,954,122 and $161,56M in options, to establish the ground Operations and Integration segment for Tranche 1 of the National Defense Space Architecture. This effort designs, develops, integrates, verifies and delivers integrated mission operations and support activities, including operation center sustainment. Funds obligated at the time of award are defense-wide fiscal 2022 research, development, test and evaluation funds. Space Development Agency is the contracting activity.
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HOOK | Hot Stocks17:22 EDT Hookipa Pharma to present complete HB-200 phase 1 results at ASCO - HOOKIPA Pharma "announced that complete HB-200 Phase 1 results for single-vector HB-201 and alternating 2-vector HB-202/HB-201 in patients with advanced Human Papillomavirus 16-positive cancers, including the recommended Phase 2 dose for HB-202/HB-201, will be shared in a poster presentation at the 2022 American Society of Clinical Oncology, ASCO, Annual Meeting, taking place June 3-7, 2022. Data as of March 31, 2022 will be presented on 68 patients, 54 of whom had head and neck squamous cell carcinoma."
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RTX | Hot Stocks17:21 EDT Raytheon Technologies awarded $408.4M Navy contract modification - Raytheon Technologies was awarded a $408.4M modification to a previously awarded, cost-plus-incentive-fee, fixed-price incentive, cost-plus-fixed-fee, cost reimbursable contract. This modification provides for F135 propulsion system annual sustainment including maintenance of support equipment and unique maintenance services for conventional take-off and landing/carrier variant and short take-off and landing. Additionally, this modification provides support for common program activities, unique and common base recurring sustainment, repair of repairables, field service representatives, as well as common replenishment of spares. These efforts are in support of the F-35 Lightning II aircraft for the Air Force, Air National Guard, Marine Corps, Navy, non-U.S. Department of Defense (DOD) participants, and Foreign Military Sales (FMS) customers. Work is expected to be completed in November 2022. FY22 operations and maintenance funds in the amount of $232.55M; FY22 operations and maintenance funds in the amount of $65.62M; FY22 operations and maintenance funds in the amount of $15.28M; FY22 operations and maintenance funds in the amount of $10.14M; non-U.S. DOD participant funds in the amount of $55.39M and FMS funds in the amount of $29,42M will be obligated at time of award, $323.6M of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity.
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AADI | Hot Stocks17:21 EDT Aadi Bioscience reports biomarker data of nab-sirolimus in AMPECT trial - Aadi Bioscience announced presentation of a poster at the ASCO Annual Meeting, being held online and in person from June 3-7 in Chicago. The data represent exploratory biomarker results reported from the final analysis of mTOR inhibitor-naive advanced malignant PEComa patients treated with nab-sirolimus in Aadi's Advanced Malignant PEComa Trial as well as an analysis of prior mTOR inhibitor exposed advanced malignant PEComa patients treated with nab-sirolimus in the Expanded Access Program through June 2021. The findings show a greater clinical benefit in the patients harboring TSC1 or TSC2 alterations who received nab-sirolimus compared to all evaluable patients, regardless of prior mTOR inhibitor exposure. Nab-sirolimus is an albumin-bound mTOR inhibitor approved by the FDA for the treatment of adult patients with locally advanced unresectable or metastatic malignant PEComa. Of those patients with TSC1 or TSC2 alterations in the AMPECT trial, 64% had a complete or partial response versus a 39% response rate for all evaluable patients in the trial. Of those patients with TSC1 or TSC2 alterations in the EAP, 44% had a partial response versus 25% for all evaluable patients in the program.
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PTGX | Hot Stocks17:18 EDT Protagonist to present updated Phase 2 Rusfertide clinical results - Protagonist Therapeutics announced new data from its ongoing Phase 2 REVIVE study evaluating rusfertide in patients with polycythemia vera, PV. These results will be shared as an oral presentation at the 2022 American Society of Clinical Oncology, ASCO, Annual Meeting, being held in Chicago from June 3-7.
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BMY | Hot Stocks17:17 EDT Bristol-Myers' Breyanzi ASCO data to show 'substantial durable response' in LBCL - Bristol Myers "announced results from the primary analysis of PILOT, a multicenter, Phase 2 study evaluating Breyanzi in adults with refractory or relapsed large B-cell lymphoma, or LBCL, after first-line therapy who were not deemed candidates for high-dose chemotherapy and hematopoietic stem cell transplant. The PILOT study is the only company-sponsored trial to evaluate a CAR T cell therapy as a second-line treatment for patients with relapsed or refractory LBCL who are not considered candidates for stem cell transplant. The PILOT study enrolled a broad patient population of adults with refractory or relapsed LBCL after first-line treatment who were not considered candidates for transplant based on age, performance status and/or organ function and comorbidities, and regardless of time to relapse following first-line treatment. With a median follow-up of 12.3 months, the majority of patients treated with Breyanzi (n=61) saw a reduction in disease, with 80% of patients responding to treatment and 54% of patients achieving a complete response. Responses with Breyanzi were durable, with a median duration of response of 12.1 months at 15.5 months median follow-up. In patients who achieved a CR, median duration of response was 21.7 months. Median progression-free survival with Breyanzi was 9.0 months, and median overall survival has not been reached. In the PILOT study, patients were treated with Breyanzi and monitored in both the inpatient and outpatient setting."
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LPTX | Hot Stocks17:15 EDT Leap Therapeutics presents initial Phase 1b/2 data of DKN-01 in prostate cancer - Leap Therapeutics announced that initial clinical data from the investigator-sponsored Phase 1b/2a dose escalation and dose expansion study testing Leap's anti-Dickkopf-1 antibody, DKN-01, as monotherapy or in combination with docetaxel in metastatic castration-resistant prostate cancer will be presented at the upcoming 2022 American Society of Clinical Oncology Annual Meeting on June 3-7. DKN-01, as a monotherapy and in combination with docetaxel, was well tolerated by patients, with partial responses in all of the patients treated with DKN-01 in combination with docetaxel who had measurable disease. Accrual into the Phase 2 portion of this study is ongoing, alongside preclinical and correlative studies aiming to further investigate the mechanism of action of DKN-01 in prostate cancer and to identify the best clinical path forward. Data that will be presented at ASCO is from the completed Phase 1 portion of the study. Thirteen patients were enrolled. The primary endpoint of the Phase 1 dose escalation cohorts was safety, characterized by dose-limiting toxicity. No partial responses were seen in the monotherapy cohort with best overall response of stable disease in 2 out of 5 evaluable patients. In the combination cohort, all 5 evaluable patients had a PR and by PSA50. Confirmed partial responses in the combination cohort were observed in both DKK1 high and low expressing tumors, including in 2 out of 3 patients with aggressive variant prostate cancer.
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VCYT | Hot Stocks17:15 EDT Veracyte to share new data on Decipher Prostate genomic classifier - Veracyte announced that new data from a large, population-based study reinforce the clinical utility of the Decipher Prostate genomic classifier. The findings, which will be shared for the first time at the 2022 American Society of Clinical Oncology, ASCO, Annual Meeting, suggest that the Decipher Prostate tests are helping to guide prostate cancer treatment decisions and improve patient care.
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OCX | Hot Stocks17:14 EDT OncoCyte presents DetermaIO data at ASCO supporting immunotherapy expansion - Oncocyte "announced new data from ongoing clinical research evaluating the utility of DetermaIO, the Company's proprietary test designed to determine the likelihood of benefit of immune checkpoint inhibitors, at the upcoming American Society of Clinical Oncology Annual Meeting, ASCO, taking place June 3-7, 2022 virtually and in-person in Chicago. DetermaIO was launched via an Early Access Program in Q4 of 2021 and is the first and only commercial test to assess multiple components of the tumor immune microenvironment, giving insight into the biology of the tumor that allows for physicians and their patients to make informed decisions about their treatment journey. The three posters to be presented by Oncocyte add to the growing body of evidence showing that the test identifies patients who respond to ICIs - including Keytruda, Opdivo, Tecentriq and Imfinzi - in lung, bladder, kidney, triple-negative breast, and now colon and gastric cancers, suggesting a pan-cancer utility for the test in both primary and metastatic settings."
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ONTX | Hot Stocks17:13 EDT Onconova highlights Narazaciclib's differentiated inhibitory profile - Onconova Therapeutics announced the publication of an abstract at the American Society of Clinical Oncology, ASCO, Annual Meeting. Featured in the abstract are preclinical data from in vitro and cell-based assays that demonstrate how narazaciclib's inhibitory profile differentiates it from the FDA-approved CDK4/6 inhibitors palbociclib, ribociclib, and abemaciclib.
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ZVO | Hot Stocks17:13 EDT Zovio 'advances turnaround plan,' bolsters finances - "Zovio announced progress on its plans to reset and turnaround the company. Since taking the helm of Zovio in December, Hendricks has executed a series of decisive actions to set the company on a path to improve operational performance and strengthen its financial position. Specific actions taken by the company include: Enhanced the management team and organizational structure to drive better performance and agility to meet client's needs. Making progress with its strategic initiatives to stabilize and grow enrollment at the University of Arizona Global Campus. Continuing to reduce costs to be more in-line with its revenues. Positioning Fullstack Academy for strong and sustainable growth and expansion. Completed the divestiture of TutorMe. Obtaining and subsequently repaying bridge financing, leaving the company debt free. Continuing to review strategic alternatives that will create the greatest value for shareholders, including additional divestitures of the businesses it operates. "The actions we've taken over the last few months including the recent TutorMe divestiture represent meaningful steps in enhancing our financial flexibility to execute on our turnaround plan," Zovio CEO Randy Hendricks said. "While I'm pleased with our progress our work is not complete and we will continue to focus on how best to serve our clients, and their students, and to create value for our shareholders," Hendricks continued.
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IMAB | Hot Stocks17:12 EDT I-Mab reports safety and efficacy results from Phase 2 study of uliledlimab - I-Mab announced preliminary data of its ongoing Phase 2 clinical trial with uliledlimab, a differentiated CD73 antibody, and its global clinical development plan. Preliminary results through December 2021 from an ongoing Phase 2 clinical study of uliledlimab in combination with toripalimab in patients with non-small cell lung cancer -NSCLC - were largely consistent with those observed in Phase 1 clinical trial in relation to favorable drug safety and pharmacokinetics and pharmacodynamic profile of ulilelimab. Uliledlimab appears safe and well-tolerated up to the highest doses tested, as a monotherapy and a combination therapy. Among three NSCLC patient cohorts who were under different treatment settings, clinical response varied. The highest response rates were observed in the patient cohort with advanced NSCLC who were previously ineligible for standard of care, while the other two cohorts with advanced NSCLC who were heavily treated showed a lower clinical response. The clinical response observed in this patient cohort displayed a correlation with CD73 expression in tumors. This Phase 2 clinical trial is still ongoing. The company plans to expand the study to focus on the selected NSCLC patient cohort. The future clinical development plan of uliledlimab includes a Phase 3 registrational clinical trial in patients with NSCLC to be expected next year if approved by the China National Medical Products Administration and another clinical trial in the U.S. in other selected cancer types and beyond combination with PD-1/PD-L1 therapy in the next 12 months.
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BGNE | Hot Stocks17:11 EDT BeiGene to present data from solid tumor and hematology portfolios at ASCO - BeiGene "will present data from its broad solid tumor and hematology portfolios in eight presentations at the upcoming American Society of Cancer Oncology, ASCO, Annual Meeting being held in Chicago from June 3-7, 2022. Highlights include new clinical data for its BTK-inhibitor zanubrutinib, or BRUKINSA: 1) Long-term safety and efficacy results from the Phase 3 ASPEN trial of BRUKINSA versus ibrutinib in patients with Waldenstrom macroglobulinemia, with median follow up of 43 months. 2) Primary analysis from the Phase 2 ROSEWOOD trial of zanubrutinib plus obinutuzumab versus obinutuzumab monotherapy in patients with relapsed or refractory follicular lymphoma.
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IMGN | Hot Stocks17:10 EDT ImmunoGen presents additional efficacy, safety data on mirvetuximab soravtans - ImmunoGen announced additional efficacy data from the pivotal SORAYA study evaluating mirvetuximab soravtansine monotherapy in patients with folate receptor alpha-high platinum-resistant ovarian cancer who have been previously treated with Avastin and an integrated safety summary of single-agent mirvetuximab across multiple studies in patients with FRalpha-positive recurrent ovarian cancer. These findings will be highlighted in two posters at the 2022 American Society of Clinical Oncology, ASCO, Annual Meeting, which is being held June 3-7.
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MRTX | Hot Stocks17:08 EDT Mirati Therapeutics says disease control rate was 80% in study - Mirati Therapeutics announced positive results from the registration-enabling Phase 2 cohort of the KRYSTAL-1 study evaluating adagrasib 600 mg BID in patients with non-small cell lung cancer harboring the KRASG12C mutation who have received at least one prior systemic therapy. Findings will be presented on June 3 at the 2022 American Society of Clinical Oncology Annual Meeting, as an oral presentation during the "Lung Cancer - Non-Small Cell Metastatic" session. As of October 15 , 116 patients were enrolled and treated in the study. Of the patients enrolled, 98% had prior treatment with a PD-1/L1 inhibitor following or in combination with chemotherapy. Median follow up was 12.9 months. Of the patients evaluable for response initial results showed that the objective response rate by Blinded Independent Central Review was 43%, the disease control rate was 80%, the median duration of response was 8.5 months and the median progression-free survival was 6.5 months "This important dataset demonstrates positive clinical activity with adagrasib across molecular and clinical subgroups, including patients with treated and stable CNS metastases." The Company also presented results from an exploratory, retrospective subgroup analysis from the Phase 2 NSCLC cohort of the KRYSTAL-1 study evaluating adagrasib in patients with KRASG12C-mutated NSCLC and stable, previously treated central nervous system metastases . These results showed CNS-specific activity, including a 33% intracranial ORR by response assessment in neuro-oncology-brain metastases . The IC DCR was 85% . "The exploratory, retrospective subgroup analysis of adagrasib in patients with stable and previously treated CNS metastases showed intracranial tumor regression," added Dr. Spira. "These data are encouraging and contribute to the rapidly advancing science seeking to better understand how KRASG12C inhibitors like adagrasib can help improve patient outcomes."
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MRUS | Hot Stocks17:08 EDT Merus publishes Zenocutuzumab data in NRG1-fusion to present at ASCO - Merus N.V. "announced the publication of the abstract highlighting updated interim data from the ongoing phase 1/2 eNRGY trial and Early Access Program of the bispecific antibody zenocutuzumab in patients with NRG1 fusion, NRG1+ cancer, on the American Society of Clinical Oncology, ASCO, website. The abstract includes data as of a January 12, 2022 data cutoff date. As of that time, 99 patients with NRG1+ cancer had been treated and efficacy was assessed in 73 patients with the opportunity to have greater than or equal to 6 month follow-up, and that met the criteria for the primary efficacy population. As of January 12, 2022, 99 patients were treated with Zeno. 73 pts who were treated as of July 12, 2021 were evaluable for response and had the opportunity for greater than or equal to 6 months follow-up and met the criteria for the primary efficacy population: The investigator-assessed overall responses rate by RECIST 1.1 criteria was 34%; the median duration of response was 9.1 months and Kaplan-Meier estimate of DOR rate at 6 month was 70%; Responses were observed in patients with multiple types of NRG1+ cancer; Zeno continues to be well-tolerated."
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RHHBY | Hot Stocks17:08 EDT Roche to present data demonstrating clinical benefit of Genentech's Glofitamab - Genentech, a member of the Roche Group (RHHBY), announced that new pivotal data on its investigational CD20xCD3 T-cell engaging bispecific antibody, glofitamab, will be presented for the first time at the 2022 American Society of Clinical Oncology, ASCO, Annual Meeting from June 3-7 and the European Hematology Association 2022 Congress from June 9-12. Data from the Phase II NP30179 expansion study demonstrated that, after a median follow-up of more than 12 months, fixed-duration glofitamab induces durable complete responses, CRs, in patients with relapsed or refractory diffuse large B-cell lymphoma who had received a median of three prior therapies.
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EXEL | Hot Stocks17:05 EDT Exelixis announces results from multiple cohorts of COSMIC-021 trial - Exelixis announced detailed results from multiple cohorts of the phase 1b COSMIC-021 trial of cabozantinib as a monotherapy and in combination with atezolizumab in patients with locally advanced or metastatic solid tumors. Data from urothelial carcinoma, or UC, cohorts 3, 4 and 5 and from non-small cell lung cancer, or NSCLC, cohorts 7 and 20 will be presented during oral abstract sessions at the 2022 American Society of Clinical Oncology, or ASCO, annual meeting, which is being held June 3-7. In these cohorts, enrolled patients had inoperable locally advanced or metastatic UC with transitional cell histology and Eastern Cooperative Oncology Group Performance Status of 0-1. Cohort 3 had not received prior systemic therapy for advanced/metastatic disease and was ineligible for cisplatin-based chemotherapy, cohort 4 had not received prior systemic therapy for advanced/metastatic disease and was eligible for cisplatin-based chemotherapy and cohort 5 had received one prior immune checkpoint inhibitor, or ICI, and no prior vascular endothelial growth factor receptor, or VEGFR-tyrosine kinase inhibitor, or TKI, therapy. Patients in all three cohorts received cabozantinib in combination with atezolizumab. At a median follow-up of 27.9 months for cohort 3, 19.1 months for cohort 4 and 32.9 months for cohort 5, the primary endpoint of objective response rate, or ORR, per Response Evaluation Criteria in Solid Tumors, or RECIST, version 1.1 by investigator was 20%, 30% and 10%, respectively. Cabozantinib in combination with atezolizumab demonstrated encouraging clinical activity for other endpoints and a manageable safety profile across all three cohorts. In cohorts 7 and 20, eligible patients had stage IV non-squamous NSCLC and had progressed on one prior ICI, with no more than two lines of prior systemic anticancer therapy, but not VEGFR-TKI therapy. Patients received either cabozantinib in combination with atezolizumab or cabozantinib alone. At a median follow-up of 24.7 months for cohort 7 and 21.5 months for cohort 20, the primary endpoint of ORR per RECIST version 1.1 by investigator was 19% and 6%, respectively. A manageable safety profile was seen in both cohorts. In cohort 7, clinical activity was observed with cabozantinib in combination with atezolizumab irrespective of PD-L1 expression.
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HARP | Hot Stocks17:04 EDT Harpoon Therapeutics to present study evaluating HPN328 at ASCO - Harpoon Therapeutics "announced interim safety and efficacy data from the ongoing dose escalation and expansion study evaluating HPN328, Harpoon's half-life extended TriTAC(R) targeting delta-like canonical Notch ligand 3 (DLL3), for the treatment of SCLC and other neuroendocrine cancers. The first scientific presentation of these interim data will be featured in a poster session at the American Society of Clinical Oncology, ASCO, Annual Meeting 2022, taking place in Chicago from June 3-7. The encouraging interim results, as of the data cut-off date of April 21, 2022, showed that HPN328 demonstrated anti-tumor activity and a favorable safety profile in patients with SCLC, neuroendocrine prostate cancer and other neuroendocrine cancers. Seven of 18 patients had a decrease in sum of target lesion diameters, with 3 of 11 patients with SCLC across all dose cohorts experiencing a greater than 30% decrease in sum of target lesion diameters. Additionally, 4 of 6 patients (67%) with SCLC treated at greater than or equal to 1.215mg/week experienced a decrease in sum of target lesion diameters. To date, there have been no dose-limiting toxicities observed and no discontinuations due to adverse events. Grade 1-2 CRS occurred in 22% of patients. No grade 3 or higher CRS or any immune effector cell associated neurotoxicity syndrome events have been observed."
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TPST | Hot Stocks17:02 EDT Tempest Therapeutics' TPST-1120 shows efficacy in Phase 1 solid tumor trial - Tempest Therapeutics announced positive results from its Phase 1 clinical trial of TPST-1120, a first-in-class PPARalpha antagonist, as a single agent and in combination with nivolumab in patients with advanced solid tumors. The results will be presented at the 2022 American Society of Clinical Oncology Annual Meeting in Chicago. In the monotherapy portion of the trial, 19 patients with late-line treatment-refractory solid tumors were treated with oral twice-daily TPST-1120. 53% of patients experienced clinical benefit in the form of disease control, including tumor shrinkage in 21% of the patients. Two patients with late-line CCA, an aggressive tumor type and disease setting usually unresponsive to therapy, including IO therapies, achieved durable stable disease and one of the patients achieved durable tumor shrinkage. In the combination therapy portion of the trial, 15 patients were treated with oral twice-daily TPST-1120 and the anti-PD-1 therapy, nivolumab. Promising objective responses were observed in two patients with late-line RCC who had previously progressed on anti-PD-1 therapy without an objective response. A third RECIST response was observed in a patient with late-line, heavily pre-treated CCA, a tumor type generally not responsive to anti-PD-1 alone. Notably, all three responders were treated at the two highest doses of TPST-1120. TPST-1120 was well tolerated as both a monotherapy and in combination with nivolumab. The majority of the treatment-related adverse events were Grade 1 and 2, and included nausea, fatigue and diarrhea. No dose-limiting toxicities were reported during dose escalation.
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GRTX | Hot Stocks17:01 EDT Galera Therapeutics' avasopasem data to be presented at ASCO - Galera Therapeutics "announced data from its Phase 3 ROMAN trial of avasopasem for severe oral mucositis will be highlighted in an oral presentation at the 2022 American Society of Clinical Oncology, ASCO, Annual Meeting on Friday, June 3, 2022 from 2:45 p.m. - 5:45 p.m. CDT during the Head and Neck Cancer session. Topline data was announced in December 2021. Results from the 455-patient Phase 3 trial demonstrated a meaningful reduction in patients' SOM burden across multiple endpoints, with statistically significant reductions on the primary endpoint of incidence of SOM and the secondary endpoint of number of days of SOM, more than halving the median number of days a patient suffered SOM. Exploratory analyses, such as time to SOM onset and SOM incidence at various landmarks of radiotherapy delivered, also demonstrated clinical benefit of avasopasem in reducing the burden of SOM. Avasopasem also appeared to be generally well tolerated compared to placebo. These results are consistent with those from the positive 223-patient Phase 2b trial that was the basis for Breakthrough Therapy Designation."
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NVTS | Hot Stocks16:43 EDT Navitas Semiconductor appoints Ron Shelton as CFO - Navitas Semiconductor appointed Ron Shelton as Senior VP, CFO and Treasurer. In parallel, interim CFO, Todd Glickman, will continue in his integral role as SVP of Finance. Shelton was previously CFO at Adesto Technologies, a provider of application-specific semiconductors and embedded systems for Internet-of-Things devices, from 2011 to 2020. Prior to that, he was CFO at GigOptix, Cirrus Logic and other semiconductor companies.
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RRGB | Hot Stocks16:35 EDT Red Robin jumps 13% to $9.76 after Q1 earnings beat
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VAL | Hot Stocks16:34 EDT Valaris announces three executive leadership appointments - Valaris announced the appointment of three new members of the Valaris Executive Management Committee. Chris Weber will join Valaris as Senior VP and CFO in Q3. Matt Lyne will join Valaris as Senior VP and Chief Commercial Officer. Lyne is expected to start in Q3. Davor Vukadin, the company's Associate General Counsel, has been promoted to Senior VP and General Counsel. Darin Gibbins, who is serving as interim CFO, will continue in his role as VP - Investor Relations and Treasurer after Weber joins the company. Elizabeth Darby, who served as interim General Counsel, is continuing in her role as Chief Compliance Officer. Christophe Raimbault will continue to serve as VP and interim Head of Marketing and remain with the company after Lyne joins. Chris Weber previously served as CFO of Lufkin Industries. Weber has also served as CFO of Abaco Drilling Technologies, Halliburton and Parker Drilling Company, and also held senior finance roles at Valaris predecessor companies, Ensco and Pride International. Matt Lyne joins Valaris from Seadrill, where he served in a number of senior marketing and commercial roles for more than 12 years, most recently as Executive VP, Chief Commercial and Strategy Officer. Davor Vukadin has been with Valaris for eight years. Before his current position, Vukadin served as Associate General Counsel and Secretary.
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ULTA | Hot Stocks16:33 EDT Ulta Beauty jumps 7.6% to $406.50 after Q1 earnings beat and guidance raise
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ULTA | Hot Stocks16:33 EDT Ulta Beauty jumps 7.6% to $406.50 after Q1 earnings beat and guidance raise
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LWAY | Hot Stocks16:33 EDT Lifeway Foods receives noncompliance notice from Nasdaq - Lifeway Foods announced that it has received a notice from Nasdaq indicating that the company is not in compliance with Nasdaq Listing Rule 5250 since it has not yet filed its quarterly report on Form 10-Q for the quarter ended March 31 with the Securities and Exchange Commission. The company received an initial notice from Nasdaq, dated April 25, relating to the company's failure to timely file its annual report on Form 10-K for the year ended December 31.
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CASI | Hot Stocks16:31 EDT Casi Pharmaceuticals announces 1-for-10 reverse stock split - Casi Pharmaceuticals announced it has filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to implement a 1-for-10 reverse stock split that will become effective at 5:00 p.m., Eastern Time, on June 1. The primary objective of implementing a reverse split is to satisfy the minimum bid price requirement for continued listing on The NASDAQ Capital Market (Rule 5550(a)(1)).
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MOXC | Hot Stocks16:30 EDT Moxian updates status under HFCAA - Moxian updated its status under the Holding Foreign Companies Accountable Act, or HFCAA. The company was provisionally named by the United States Securities and Exchange Commission as a Commission-Identified Issuer on May 20, following the company's filing of the annual report on Form 20-F for the fiscal year ended December 31, 2021 with the SEC on May 13. The company understands that this identification under the HFCAA and its implementation rules issued thereunder indicates that the SEC determines that the company used a registered public accounting firm whose working papers cannot be inspected or investigated completely by the Public Company Accounting Oversight Board of the United States, or PCAOB, to issue the audit opinion for its financial statements for the fiscal year ended December 31, 2021. As the company disclosed in the Form 20-F for the year ended December 31, 2021, pursuant to the HFCAA, the PCAOB issued a determination report on December 16, 2021 which found that the PCAOB is unable to inspect or investigate completely registered public accounting firms headquartered in Mainland China and the Special Administrative Region of Hong Kong. As the company's auditor that audited the company's financial statements for the 2021 fiscal year is one of the registered public accounting firms headquartered in Hong Kong, the PCAOB is unable to inspect or investigate completely the audit work because of the position taken by the Hong Kong authority.
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DELL | Hot Stocks16:30 EDT Dell Technologies jumps 7% to $47.02 after Q1 results beat estimates
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DELL | Hot Stocks16:28 EDT Dell Technologies ended Q1 with performance obligations of $42B - Dell Technologies ended the quarter with remaining performance obligations of $42B, up 14% year-over-year, deferred revenue of $27.4B, and cash and investments of $8.5B. Recurring revenue for the first quarter was approximately $5.3B, up 15%.
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DELL | Hot Stocks16:27 EDT Dell Technologies co-COO calls Q1 a 'record first quarter' - "We followed a record FY22 with a record first quarter FY23. Revenue was $26.1 billion, up 16%, with growth across our business units," said Jeff Clarke, vice chairman and co-COO, Dell Technologies. "We are built to outperform, in a balanced and consistent way across the company, as our customers invest in their digital futures and choose Dell as their trusted partner." "Our first quarter - with record Q1 revenue, operating income and diluted EPS - demonstrates the benefits of having a strong, geographically and sector-diverse business covering the edge to the core data center to the cloud," said Chuck Whitten, co-COO. "Plus we are positioned to pursue growth wherever it materializes in the IT market, given the predictability, durability and flexibility in our business." "In our first quarter, we returned $1.75 billion to our shareholders through a combination of share repurchases and dividends," said Tom Sweet, CFO, Dell Technologies. "We are delivering long-term value by executing our strategy for growth, taking share, generating strong cash flow from operations and executing our capital allocation framework."
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MBCN | Hot Stocks16:27 EDT Middlefield Banc and Liberty Bancshares announce merger, sees accretion - Middlefield Banc and Liberty Bancshares jointly announced that they have entered into an agreement and plan of reorganization. Pursuant to the agreement, each shareholder of Liberty will receive 2.752 shares of Middlefield's common stock. Based on Middlefield's closing share price of $24.95 on May 25, the transaction is valued at approximately $64.4M. The merger is expected to qualify as a tax-free reorganization for Liberty's shareholders, and Liberty's shareholders will own approximately 31% of the combined company upon completion of the transaction. The transaction has been approved by the boards of directors of both Middlefield and Liberty. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals and the approval of both Middlefield's shareholders and Liberty's shareholders. The transaction is expected to be completed during the fourth quarter of 2022. Pursuant to the agreement, Middlefield will add three new members to its board of directors including Zimmerly, Mark Watkins, Liberty's chairman of the board, and Spencer Cohn, a representative of Castle Creek Capital, Liberty's largest shareholder. Simultaneously upon entering into the agreement, Middlefield also entered into voting agreements with Liberty's directors and Castle Creek Capital, in which they agree to vote the Liberty common stock they own in favor of the agreement. Collectively these parties represent approximately 15.9% of Liberty's voting common shares. At closing, Castle Creek Capital will own approximately 7% of the pro forma company. Liberty also entered into voting agreements with Middlefield's directors in which they agree to vote the Middlefield common stock they own in favor of the agreement. Middlefield expects the transaction to be accretive to earnings in year one and to earn back the tangible book value dilution created from the transaction in approximately three years. After completion of the transaction, Middlefield anticipates it will remain well-capitalized. Liberty anticipates that its shareholders will benefit from double-digit earnings and dividend accretion as a result of the transaction.
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AEO | Hot Stocks16:24 EDT American Eagle down 4% to $13.50 after lowering outlook for year - American Eagle shares are down 52c, or 4%, to $13.50 in after-hours trading.
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DCOM | Hot Stocks16:23 EDT Dime Community announces new stock repurchase program - Dime Community announced that its board of directors approved a new stock repurchase program, which authorizes the purchase of up to 1,948,314 shares, or 5% of its outstanding common stock as of May 25, upon completion of its existing previously authorized stock repurchase program.
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GPS | Hot Stocks16:23 EDT Gap falls 14% to $9.60 after Q1 earnings miss and guidance cut
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IRMD | Hot Stocks16:22 EDT iRadimed to appoint John Glenn CFO - iRadimed announced that John Glenn has been appointed Chief Financial Officer effective on or before June 20. Glenn will assume responsibility for all areas of accounting and finance, including business planning and modeling, organizational resource planning, investor and analyst relations, and required reporting and related filings with the SEC.
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MRCY | Hot Stocks16:22 EDT Mercury Systems receives $7.9M order from defense prime contractor - Mercury Systems announced it had received a $7.9M order from a defense prime contractor for embedded processing systems for a ground-based radar application. The order was received in the company's FY22 third quarter and is expected to be shipped over the next several quarters.
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CVCO | Hot Stocks16:20 EDT Cavco announces new $100M stock repurchase program - On May 25, the Company's Board of Directors approved a new $100M stock repurchase program that may be used to purchase its outstanding common stock. The previous program that was approved on October 27, 2020 has now been fully utilized, with the remaining $39M being repurchased in the first quarter of fiscal year 2023.
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AEO | Hot Stocks16:19 EDT American Eagle CEO says committed to 'right-setting the business' - "Despite near term challenges, our brands continue to reflect progress from pre-pandemic periods, grounded in our Real Power. Real Growth strategy. Aerie remains on a remarkable trajectory with revenue more than doubling and profit expanding over five-fold versus first quarter 2019. Greater focus in our assortment and real-estate footprint at AE continue to drive efficiencies in the business. We are committed to maintaining and building on these structural improvements and right-setting the business to deliver improved profitability in the second half," said Jay Schottenstein, AEO's Executive Chairman of the Board and CEO.
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GPS | Hot Stocks16:17 EDT Gap reports Q1 SSS down 14% y/y - Q1 Online sales declined 17% compared to last year and represented 39% of total net sales. Q1 Store sales declined 10% compared to last year. The company ended the quarter with 3,414 store locations in over 40 countries, of which 2,825 were company operated. Q1 Gross margin was 31.5%, 930 basis points lower than last year.
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WDAY | Hot Stocks16:17 EDT Workday drops 7% to $155.50 after Q1 EPS misses estimates
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JCI | Hot Stocks16:15 EDT Johnson Controls appoints Rodney Clark as VP and Chief Commercial Officer - Johnson Controls has named Rodney Clark as VP and Chief Commercial Officer, effective June 1. Clark will be replacing Chief Commercial Officer Brian Young, who retired at the end of last year. Clark also will take on a portion of the role being transitioned from Michael Ellis, executive VP, Chief Customer and Digital Officer, who will retire at the end of the year. Clark most recently held the role of Corporate VP of Global Partner Sales and Channel Chief at Microsoft. Prior to this, he served as the corporate vice president of the Internet of Things and mixed reality sales.
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RRGB | Hot Stocks16:15 EDT Red Robin backs FY22 adjusted EBITDA view of $90M-$90M - Backs expectation of FY22 mid-to-high single digit restaurant labor cost inflation.
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DOCU | Hot Stocks16:13 EDT DocuSign announces leadership appointments - DocuSign appointed Inhi Cho Suh as President of Product and Technology, Jennifer Christie as Chief People Officer and Jim Shaughnessy as Chief Legal Officer, and promoted Jerome Levadoux to Chief Product Officer. Inhi Cho Suh will transition from her role on DocuSign's board of directors to lead the company's newly created Product and Technology group in July. Inhi has spent over 20 years at IBM. She will be stepping down from her DocuSign board seat and will remain on the board of AnitaB.org and Grace Hopper Conference. Jennifer Christie will be joining DocuSign as Chief People Officer in June, with Joan Burke stepping into a strategic advisor role. Previously, Christie was the Chief HR Officer at both Twitter and Bolt, and SVP of HR at American Express. Jim Shaughnessy will be joining the company as Chief Legal Officer this month. Most recently, he spent 10 years at Workday across roles including General Counsel and Senior Advisor for Corporate Affairs. Prior to joining DocuSign as Head of eSignature Products in 2016, Jerome was an SVP of Product Management and CMO at Recommind in addition to serving in senior product and IT roles at HP, SAP and Oracle.
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IOVA | Hot Stocks16:13 EDT Iovance announces clinical data for lifileucel in advanced melanoma - Iovance Biotherapeutics reported clinical results from its C-144-01 clinical study in patients with advanced melanoma who progressed on prior anti-PD-1/L1 therapy, and if BRAF mutation positive, also on prior BRAF or BRAF/MEK inhibitor therapy. Patients in Cohort 4 exhibited higher baseline disease burden in comparison to patients in Cohort 2, including a substantially higher proportion of patients with elevated baseline lactate dehydrogenase levels, a well-known negative prognostic factor , as well as a greater number of tumor lesions at baseline . In addition, patients in Cohort 2 also had approximately half the cumulative duration of anti-PD-1 therapy before lifileucel therapy in comparison to patients in Cohort 4. Reduced duration of prior anti-PD-1 therapy was shown1 to be associated with an increase of DOR to lifileucel. The treatment-emergent adverse event profile in both cohorts was consistent with the underlying disease and known adverse event profiles of non-myeloablative lymphodepletion and interleukin-2 and was also consistent between Cohorts 2 and 4. Iovance plans to present additional data from Cohorts 2 and 4 at a medical meeting in the second half of 2022. The planned BLA submission for lifileucel in advanced melanoma using these data remains on track for August 2022.
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ZY | Hot Stocks16:13 EDT Zymergen, Octant enter agreement for sale of modular automation system - Zymergen announced it has entered into an agreement with Octant for the sale of a modular automation system to scale Octant's platform to develop breakthrough medicines. Zymergen's solution includes modular hardware, modern web-based software, custom and turnkey workflows, and active monitoring and support. This technology will be incorporated into Octant's existing platform that uses synthetic biology, high throughput multiplexed assays, synthetic chemistry, and computation to engineer and interrogate drugs, proteins, and signaling pathways. Over the course of this multiphase partnership, the two companies will work together to expand Octant's platform, enable new automated workflows, and increase throughput as instruments are added to the scalable system. Additional terms of the agreement were not disclosed.
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FTCH | Hot Stocks16:12 EDT Farfetch sees FY22 Digital GMV up 5%-10% and Brand Platform GMV up 10%-15% - Sees FY22 adjusted EBITDA margin of 0%-1%.
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YMAB | Hot Stocks16:10 EDT Y-mAbs trial for high-risk neuroblastoma meets primary endpoint - Y-mAbs Therapeutics announced that Dr. Shakeel Modak, MD from Memorial Sloan Kettering will present results from the naxitamab-based chemoimmunotherapy trial in patients with chemoresistant high-risk neuroblastoma , at the American Society of Clinical Oncology Annual Meeting to be held June 3-7, 2022. This clinical trial studied the combination of Humanized anti-GD2 antibody naxitamab, Irinotecan, Temozolomide and Sargramostim protocol, and included cohort of patients that were treated at MSK in a phase 2 protocol, and at Hospital Sant Joan de Deu per protocol on compassionate use basis. Health authorities have not established the safety and efficacy of the HITS protocol, as it is investigational and has not been approved by health authorities. The primary endpoint was reached in the MSK phase 2 trial: Objective Response Rate according to the International Neuroblastoma Response Criteria of 30.6 %, with a lower boundary of 20.4%. In the entire cohort, responses were 26% for CR, 11% for PR, 9% for mixed response, 27% for stable disease and 27% for progressing disease . In the MSK phase 2 trial, the ORR was 64% for all patients, with soft tissue and skeletal MIBG uptake. CR in bone marrow was seen in 57% of the patients. The ORR in patients with MYCN-amplification was 25%, in patients with refractory disease 100%, and in patients with relapsed disease 61%. Moreover, in patients who had previously received irinotecan/temozolomide or naxitamab, the ORR was 64% and 68%, respectively. In patients who had previously received dinutuximab/irinotecan/temozolomide, the ORR was 42%. The primary endpoint was reached in the MSK phase 2 trial: Objective Response Rate according to the International Neuroblastoma Response Criteria of 30.6 %, with a lower boundary of 20.4%. In the entire cohort, responses were 26% for CR, 11% for PR, 9% for mixed response, 27% for stable disease and 27% for progressing disease . In the MSK phase 2 trial, the ORR was 64% for all patients, with soft tissue (48%) and skeletal MIBG uptake . CR in bone marrow was seen in 57% of the patients. The ORR in patients with MYCN-amplification was 25%, in patients with refractory disease 100%, and in patients with relapsed disease 61%. Moreover, in patients who had previously received irinotecan/temozolomide or naxitamab, the ORR was 64% and 68%, respectively. In patients who had previously received dinutuximab/irinotecan/temozolomide, the ORR was 42%. "We are very pleased to present data for the HITS protocol," stated Thomas Gad, Founder, President and Interim CEO. "Responses in patients with relapsed or progressive high-risk neuroblastoma are challenging, as chemo-resistant disease is considered an obstacle, so we are excited to see this study met its primary endpoint. This further demonstrates the potential role for DANYELZA in HR-NB. No other GD2 antibody has been studied in such a heavily pre-treated patient population."
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AMRX | Hot Stocks15:53 EDT Amneal Pharmaceuticals' Fylnetra granted FDA approval - Fylnetra is a leukocyte growth factor indicated to decrease the incidence of infection, as manifested by febrile neutropenia, in patients with nonmyeloid malignancies receiving myelosuppressive anti-cancer drugs associated with a clinically significant incidence of febrile neutropenia, according to a post to the FDA website.Reference Link
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AJRD | Hot Stocks13:31 EDT Aerojet Rocketdyne executive chairman issues statement on CEO Drake trial - Aerojet Rocketdyne Holdings Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.5% of the company's outstanding shares, today issued the following statement regarding the trial pertaining to Aerojet Rocketdyne CEO Eileen Drake's alleged misuse of corporate resources, which concluded yesterday in the Delaware Court of Chancery: "As I have repeatedly stated, the contest for the future of Aerojet Rocketdyne comes down to two factors: credibility and vision. The Company's shareholders deserve leadership that has credibility and a well-articulated vision for stabilizing the business and unlocking long-term value. This week's trial and recent events demonstrate that Ms. Drake no longer possesses these vital qualifications and, in turn, should not lead Aerojet Rocketdyne. Regrettably, I view Ms. Drake's continued leadership of Aerojet Rocketdyne as the single biggest threat to shareholder value. Fortunately, there is a clear alternative proposed by my slate of director candidates: installing Mark Tucker, the Company's former Chief Operating Officer and a four-decade veteran of the aerospace industry, as the next Chief Executive Officer. Mr. Tucker has immense integrity and a viable strategy for enhancing cash flows, margins and revenues through precise execution. He is a known entity that led Aerojet Rocketdyne's growing operations and oversaw rigorous execution during a period of significant value creation from 2015 through 2020. He is ready to engage with all investors, and simply wants to be judged based on his ability to execute and vision for a new day at Aerojet Rocketdyne. Now that the trial over Ms. Drake's actions has concluded, I encourage shareholders to begin comparing Ms. Drake and Mr. Tucker, so that we can collectively determine which leader is best equipped to start executing and producing tangible results for customers, employees and investors."
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TALK | Hot Stocks13:17 EDT Talkspace up 23% after Axios reports on PE takeover approach - Shares of Talkspace are up 24c, or 23%, to $1.30 following Axios' report of a private equity firm's interest in a possible deal.
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BBIO | Hot Stocks13:03 EDT BridgeBio presents interim Phase 1 data on BBP-671 - BridgeBio Pharma announced interim Phase 1 data from healthy volunteers, supporting the development of BBP-671 for potential treatment of pantothenate kinase-associated neurodegeneration and organic acidemias. The data are being shared in a scientific poster session at the Pan American Parkinson and Movement Disorders Congress on May 26, 2022, in Miami, FL. BBP-671 is an investigational oral therapy designed to increase coenzyme-A levels by allosterically modulating pantothenate kinases, key enzymes in the CoA biosynthesis pathway. BBP-671 is being developed as a potential therapy for diseases in which CoA metabolism is deficient, including PKAN, propionic acidemia, and methylmalonic acidemia. PKAN is a rare neurological disorder characterized by progressively debilitating symptoms that begin in early childhood, including dystonia, rigidity, bradykinesia, dysphagia, visual impairment and dementia. PA and MMA are rare metabolic disorders caused by mutations in enzymes that participate in amino acid metabolism leading to life-threatening metabolic decompensations, as well as long-term complications involving multiple organ systems, including the heart, pancreas, kidney, liver and brain. PKAN, PA and MMA are rare diseases affecting an estimated 7,000 patients in the United States and European Union collectively. BridgeBio believes these initial findings from the Phase 1 study demonstrate target engagement and proof of mechanism of BBP-671 provided by evidence that BBP-671 can cross the blood brain barrier. The first-in-human Phase 1 study of BBP-671 in a total of 77 healthy volunteers was designed to provide single- and multiple dose safety, tolerability, pharmacokinetic, and pharmacodynamic data to support future development of BBP-671. Single and multiple ascending oral doses of BBP-671 were administered in a double-blind manner to six single and four multiple dose cohorts consisting of up to eight healthy volunteers per cohort. The data from the first part of the Phase 1 study included: BBP-671 was detected in healthy volunteer plasma and cerebrospinal fluid, which suggests BBP-671 is entering into the brain; BBP-671 increased whole blood acetyl-CoA levels, which BridgeBio believes is the first time a therapeutic intervention has demonstrated this and demonstrates target engagement and proof of mechanism of the drug; BBP 671 was generally well-tolerated following oral dosing in healthy volunteers with no serious adverse events observed; Mild treatment-related emergent adverse events included headache, abdominal pain and nausea; Asymptomatic neutropenia was observed in three individuals with repeat dosing of BBP-671; all returned to within normal limits within a few days without any sequelae upon cessation of therapy. Based on these positive data, BridgeBio intends to move forward with the second part of its Phase 1 clinical study in patients with PA and MMA in the second half of 2022, as well as initiate a pivotal Phase 2/3 clinical study in PKAN in 2023.
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JBLU SAVE | Hot Stocks12:51 EDT JetBlue will go back to organic growth plan if unsuccessful in acquiring Spirit Airlines
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JBLU | Hot Stocks12:50 EDT JetBlue sees mid to high single digit cpacity growth by 2023
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JBLU | Hot Stocks12:49 EDT JetBlue sees capacity up low single digits in 2H, 'cautious' about fall demand
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JBLU | Hot Stocks12:45 EDT JetBlue: Operational challenges in April had impact on revenue into May
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PNC | Hot Stocks12:35 EDT PNC's head of retail banking, chief customer officer Karen Larrimer to retire - The PNC Financial Services Group announced that Karen Larrimer, head of Retail Banking and chief customer officer, has elected to retire after more than 27 years of service and leadership to the bank. Larrimer will remain as the bank's chief customer officer through 2022, as she transitions out of her role as head of Retail Banking, effective July 1. Alex Overstrom, PNC's current head of Small Business and deputy head of Retail Banking, will assume responsibility for leading PNC's Retail Banking line of business. Larrimer has led Retail Banking since July 2016, following her appointment to chief customer officer in 2014.
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AVDL | Hot Stocks12:26 EDT Avadel notified by FDA of need to add certification to REMS patent to NDA - In a regulatory filing earlier, Avadel Pharmaceuticals disclosed that on May 24, the company received a proposed, final label and medication guide for FT218 from the U.S. Food & Drug Administration. In addition, the company was notified by FDA that the FT218 New Drug Application, or "NDA," patent statement pertaining to US Patent No. 8,731,963, or the "REMS patent," was deemed inappropriate by FDA. As such, FDA has requested the company add a certification to the REMS patent to its NDA. FDA further confirmed, based on the final proposed label, that no additional patent certifications will be required. "Based upon the above, the company anticipates tentative approval of the FT218 NDA with potential full approval on or before the expiration of the REMS patent on June 17, 2023. Full approval could occur sooner if the REMS patent is delisted from FDA's Orange Book, a court determines the patent is invalid, not infringed or otherwise unenforceable, or a court determines that FDA erred in requesting a certification. The company believes in the potential of FT218 and its importance to the narcolepsy community. The company is committed to pursuing all options for FT218 to realize its full value," Avadel stated.
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OCDX QDEL | Hot Stocks12:09 EDT Quidel, Ortho expect to close transaction on May 27 - Quidel Corporation (QDEL) and Ortho Clinical Diagnostics Holdings (OCDX) announced that the closing of the previously announced Ortho transaction is expected to occur on May 27, 2022. On May 26, 2022, the High Court of Justice of England and Wales issued an order under Part 26 of the UK Companies Act sanctioning the scheme of arrangement to be undertaken by Ortho in connection with the business combinations. The order will become effective once the Ortho Scheme Order is duly filed with the Registrar of Companies in England and Wales, which is expected to occur on May 27, 2022, at which point Ortho will become a wholly owned subsidiary of Coronado Topco. Following the effectiveness of a merger involving Quidel that will take place after the effectiveness of the Ortho Scheme Order, Quidel will also become a wholly owned subsidiary of Topco, and Topco will be renamed QuidelOrtho Corporation. Shares of common stock of QuidelOrtho are expected to begin trading on the Nasdaq Global Select Market at the open of business on May 27, 2022 under the symbol "QDEL." Shares of Quidel and Ortho will cease trading after the market close on May 26, 2022, and following the closing, Ortho will no longer be listed on Nasdaq. QuidelOrtho will be the successor to Quidel for purposes of the combined company's Nasdaq listing.
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JNJ | Hot Stocks12:02 EDT Janssen granted orphan status for stem cell transplant conditioning - The FDA granted Johnson & Johnson's Janssen Research & Development orphan status for its treatment of patients undergoing myeloablative hematopoietic stem cell transplant conditioning to improve platelet recovery and reduce myeloablative bone marrow conditioning-related toxicities. Reference Link
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IONS | Hot Stocks12:00 EDT Ionis' treatment of Angelman Syndrome granted orphan designation - Ionis Pharmaceuticals' treatment of Angelman Syndrome was granted orphan designation by the FDA, according to a post to the agency's website. Reference Link
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TDCX | Hot Stocks12:00 EDT TDCX falls -8.1% - TDCX is down -8.1%, or -99c to $11.16.
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AMAM | Hot Stocks12:00 EDT Ambrx Biopharma falls -9.0% - Ambrx Biopharma is down -9.0%, or -38c to $3.82.
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SOXS | Hot Stocks12:00 EDT Direxion Daily Semiconductor Bear 3X Shares falls -9.7% - Direxion Daily Semiconductor Bear 3X Shares is down -9.7%, or -$5.02 to $46.58.
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AKA | Hot Stocks12:00 EDT a.k.a. Brands Holding rises 17.8% - a.k.a. Brands Holding is up 17.8%, or 63c to $4.17.
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CHRA | Hot Stocks12:00 EDT Charah Solutions rises 20.8% - Charah Solutions is up 20.8%, or 54c to $3.14.
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MOD | Hot Stocks12:00 EDT Modine Manufacturing rises 27.0% - Modine Manufacturing is up 27.0%, or $2.35 to $11.05.
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KPTI | Hot Stocks11:57 EDT Karyopharm's selinexor granted orphan designation as treatment of myelofibrosis - Karyopharm's selinexor was granted orphan designation as a treatment of myelofibrosis, according to a post to the agency's website. Reference Link
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ZWS | Hot Stocks11:49 EDT Zurn Water stockholders approve insuance of shares for Elkay combination - Zurn Water Solutions Corporation announced that, at a Special Meeting today, its stockholders voted to approve the issuance of shares of Zurn common stock necessary to complete the previously announced combination with Elkay Manufacturing Company. As approved, stockholders of Elkay Manufacturing will receive up to 52.5M newly issued shares of Zurn Common Stock. Zurn's stockholders also voted to increase the number of authorized shares available for award under the Zurn Water Solutions Corporation Performance Incentive Plan by 1,500,000 shares. The transaction is expected to close early in the third quarter, subject to the satisfaction of the remaining closing conditions.
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ABT | Hot Stocks11:17 EDT FDA reports Abbott recalls Dragonfly OpStar Imaging Catheter - Abbott is recalling certain lots of the Dragonfly OpStar imaging catheter because the marker band farthest from the catheter tip may become loose and, in two instances, has been observed to separate from the catheter while being used on a person, the FDA announced. There have been 5 incidents and 1 injury related to this device issue. No deaths have been associated with the use of this device due to this issue, according to the FDA, which has identified this as a Class I recall, "the most serious type of recall." The recall was initiated by the firm on April 11, 2022, and 4,800 devices were recalled in the U.S., the FDA noted. Reference Link
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JACK | Hot Stocks11:11 EDT Jack in the Box intends to resume share repurchases in back half of year - Jack in the Box CFO Timothy Mullany stated on the company's earnings call: "Our primary goal has and will continue to be investing in growth while being disciplined in our commitment to return cash back to shareholders via share repurchases and quarterly dividends. Furthermore, we continually assess the optimal sources and uses of cash for our business and how to create value for shareholders... I'm happy to announce that we intend to resume share repurchases in the back half of this year. At present, we have a $200 million share repurchase authorization that expires in November 2023. And our company has rarely let an authorization expire before being fully exhausted. Our approach to share repurchases will remain as it always has, evaluating how much excess liquidity we have available and determining whether we think the stock is attractively priced."
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JBLU | Hot Stocks10:55 EDT JetBlue up nearly 5% to $10.76 after providing updated guidance
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JBLU | Hot Stocks10:52 EDT JetBlue now sees Q2 flown capacity up 2%-3% vs. 2Q19 - JetBlue said earlier on Thursday that operational performance has improved steadily since early April as a result of the investments the company has made to enhance operational reliability into the summer peak. While the industry continues to face some challenging operating conditions mainly due to weather and air traffic control disruption, JetBlue's completion factor in May is trending above 98% compared to approximately 90% in the first three weeks of April. As a result, JetBlue now expects flown capacity for the second quarter of 2022 to increase in a range between 2% and 3% compared to the second quarter of 2019. This compares to the company's prior guidance for capacity to range between 0% and 3% year over three. The demand environment continues to be strong, with bookings exceeding company expectations. To date, revenue for the month of June is shaping up to be meaningfully better compared to earlier months in the quarter, and we expect June revenue per available seat mile to be up more than 20% year over three. JetBlue now expects revenue for the second quarter of 2022 to be at or above the high-end of its prior guidance of a revenue increase between 11% and 16%, year over three. JetBlue continues to expect record revenue this summer. The Company continues to expect CASM Ex-Fuel(1) for the second quarter of 2022 to increase between 15% and 17%, year over three. As of May 23, 2022, JetBlue has not entered into forward fuel derivative contracts to hedge its fuel consumption for the first quarter of 2022. Based on the forward curve as of May 23, 2022, JetBlue expects an average all-in price per gallon of fuel of $4.08 in the second quarter of 2022.
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NSA | Hot Stocks10:52 EDT National Storage increases quarterly dividend 10% to 55c per share - National Storage Affiliates Trust announced that its Board of Trustees yesterday declared regular cash dividends for the second quarter 2022 payable on June 30, 2022 to shareholders of record on June 15, 2022 on the following securities: a dividend of 55c per common share, representing an annualized dividend rate of $2.20. This new rate represents a 45% increase from the second quarter 2021 dividend and a 10% increase from the previous quarter. a dividend of 37.5c per share on the Company's 6.000% Series A Cumulative Redeemable Preferred Shares.
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MCD | Hot Stocks10:39 EDT McDonald's shareholders re-elect all 12 directors at annual meeting - McDonald's Corporation announced that, based on a preliminary vote count provided by its proxy solicitor, shareholders have voted to re-elect all 12 of McDonald's directors to the McDonald's Board: Enrique Hernandez, Jr., Lloyd H. Dean, Robert A. Eckert, Catherine M. Engelbert, Margaret H. Georgiadis, Chris Kempczinski, Richard H. Lenny, John J. Mulligan, Sheila A. Penrose, John W. Rogers, Jr., Paul S. Walsh and Miles D. White. The preliminary results also indicate that Icahn's two nominees received approximately 1% of the company's outstanding shares and were not elected to the McDonald's Board.
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RVVTF | Hot Stocks10:19 EDT Revive Therapeutics provides update on Phase 3 trial for bucillamine in COVID-19 - Revive Therapeutics is pleased to provide an update on the Company's U.S. Food & Drug Administration Phase 3 clinical trial to evaluate the safety and efficacy of Bucillamine, an oral drug with anti-inflammatory and antiviral properties, in patients with mild to moderate COVID-19. The Company has received positive comments from the FDA in regards to the Company's request to determine and agree on the Study's potential new primary efficacy endpoints, including the rate of sustained clinical resolution of symptoms of COVID-19, which addresses the shift in COVID-19 clinical outcome observed over the course of the pandemic, and, therefore, to have more meaningful study endpoints for the FDA to consider for potential Emergency Use Authorization. The FDA has agreed that the Company may unblind the pre-dose-selection data for the first 210 patients of the Study to further support the new primary endpoint. Before unblinding the pre-dose selection data for the first 210 patients, the Company will submit a Data Access Plan to the FDA in early June 2022 with the aim to unblind the pre-dose selection data and submit the amended Study protocol with the new primary efficacy endpoints to the FDA. In addition, the Data Safety and Monitoring Board are scheduled to meet thereafter to evaluate the interim clinical and safety data and may make a recommendation on continuing the Study or advise on halting the Study early due to positive efficacy based on other clinical outcomes such as the rate of sustained clinical resolution of symptoms of COVID-19. The DSMB supported the continuation of the Study in its last meeting as there were no serious adverse events or safety concerns reported.
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LU | Hot Stocks10:10 EDT Lufax CFO James Zheng to retire - James Zheng, Lufax's CFO, will be taking early retirement from the end of this June after many years with the company. The company has started the search for a new CFO. During the interim period, David Choy, CFO of Puhui, will assume the finance function of the company.
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HIL | Hot Stocks10:03 EDT Hill awarded contract from Albanian Ministry of Infrastructure and Energy - Hill International announced it was awarded a contract from the Albanian Ministry of Infrastructure and Energy to provide Project Management services for the construction of the Llogara Tunnel. Located in the southwestern part of the Albanian coast in the Vlora region, the 155-million-euro project will provide a roadway under the Llogara pass, reducing the driving time from Vlora to Saranda by approximately 40 minutes as well as improving driver safety. Scheduled for completion in early 2025, the project will also support increased tourism in the region.
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MANU | Hot Stocks10:00 EDT Manchester United falls -12.8% - Manchester United is down -12.8%, or -$1.66 to $11.35.
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SNOW | Hot Stocks10:00 EDT Snowflake falls -12.8% - Snowflake is down -12.8%, or -$16.96 to $115.81.
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TBI | Hot Stocks10:00 EDT TrueBlue falls -13.7% - TrueBlue is down -13.7%, or -$3.10 to $19.60.
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GBRG | Hot Stocks10:00 EDT Goldenbridge Acquisition Ltd trading resumes
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M | Hot Stocks10:00 EDT Macy's rises 14.2% - Macy's is up 14.2%, or $2.72 to $21.93.
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DG | Hot Stocks10:00 EDT Dollar General rises 15.7% - Dollar General is up 15.7%, or $30.62 to $225.96.
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MOD | Hot Stocks10:00 EDT Modine Manufacturing rises 17.8% - Modine Manufacturing is up 17.8%, or $1.54 to $10.24.
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MNSB | Hot Stocks09:58 EDT MainStreet Bancshares appoints Tom Floyd as CLO - MainStreet Bancshares announced it has promoted Tom Floyd to Chief Lending Officer, entrusting him with strategic leadership over a growing loan portfolio that currently exceeds $1.4B. Floyd, who joined the $1.8B-asset bank in 2017, was previously Senior Vice President and Regional Lending Manager. As Chief Lending Officer, he is filling a vacancy created by the departure of an executive who left to pursue another opportunity.
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DXC | Hot Stocks09:58 EDT DXC Technology, Lloyd's, IUA announce $465M contract extension - DXC Technology, Lloyd's and the International Underwriting Association, have announced a $465M contract extension to ensure seamless continuity for the activities of London insurance market customers whilst DXC moves forward with the transformation of the market's IT systems. Following a previous agreement to build the digital platform that will underpin the London market's transformation, in the latest contract the parties have agreed on a set of services that will create the foundation to safely transition approximately 400 London market insurance companies over to the cloud-native digital platform running on AWS.
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EB | Hot Stocks09:47 EDT Eventbrite falls -8.3% - Eventbrite is down -8.3%, or -$1.03 to $11.39.
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MANU | Hot Stocks09:47 EDT Manchester United falls -9.9% - Manchester United is down -9.9%, or -$1.29 to $11.72.
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SNOW | Hot Stocks09:47 EDT Snowflake falls -13.5% - Snowflake is down -13.5%, or -$17.87 to $114.90.
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DG | Hot Stocks09:47 EDT Dollar General rises 15.0% - Dollar General is up 15.0%, or $29.31 to $224.65.
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MOD | Hot Stocks09:47 EDT Modine Manufacturing rises 15.7% - Modine Manufacturing is up 15.7%, or $1.37 to $10.07.
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M | Hot Stocks09:47 EDT Macy's rises 16.9% - Macy's is up 16.9%, or $3.25 to $22.46.
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WTW | Hot Stocks09:44 EDT Willis Towers Watson raises share repurchase program by $1B - WTW announced that its Board of Directors approved an increase to the existing share repurchase authority in the amount of $1B. The $1B increase is in addition to the approximately $1.3B remaining on the current open-ended repurchase authority. T
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UNM | Hot Stocks09:41 EDT Unum Group raises quarterly dividend 10% to 33c per share - Unum Group announced its Board of Directors has authorized an increase of 10% in the quarterly dividend paid on its common stock. The new rate of 33c per common share, or $1.32 per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2022.
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BALL | Hot Stocks09:41 EDT Manna Capital, Ball Corp. enter alliance for production, recycling center - Manna Capital Partners and Ball Corporation announced an alliance in which Manna will construct and operate a state-of-the-art aluminum can sheet rolling mill and recycling center in Los Lunas, New Mexico. Ball will enter into a long-term supply agreement and also intends to take a minority equity position in the mill.
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XDSL | Hot Stocks09:39 EDT mPhase Technologies announces initial EV charging sites in North Carolina - mPhase Technologies announced the completion of site selection for the first eight mPower EV charging locations in the State of North Carolina, consisting of three gas station and five hotel properties. These initial locations are in Elizabeth City, Hertford, Rocky Mount, Roanoke Rapids, and Durham. The sites are expected to have an average of four level 2 chargers branded under the mPower name.
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BYD... | Hot Stocks09:39 EDT Nevada reports April statewide gaming win up 8.57% to $1.13B - Nevada reports April Las Vegas Strip gaming win up 22.78% verses last year to $593.46M. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
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GTII | Hot Stocks09:38 EDT Global Tech Industries enters term sheet with Wildfire Media Corp. - Global Tech Industries Group announced that it has entered into a term sheet with Wildfire Media Corp., owner of the 1-800-LAW-FIRM brand, which outlines certain additional terms of the proposed acquisition of Wildfire Media by GTII. Pursuant to the term sheet, the parties are anticipating a purchase price of $100-$120 million for a 100% interest in Wildfire Media, which would be paid in restricted shares of GTII common stock once a third-party valuation has been obtained. Wildfire Media will pay for and provide an audit of its books for the periods ended December 31, 2020, December 31, 2021, and all applicable stub periods, which complies with PCAOB requirements and is acceptable to GTII as a closing condition. Definitive agreements are expected following GTII's review of Wildfire Media's updated and audited financial statements for the applicable periods and completed its due diligence.
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NTNX | Hot Stocks09:36 EDT Nutanix trading resumes
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ANGH VWAGY | Hot Stocks09:36 EDT Anghami, Volkswagen partner to promote safe driving - Volkswagen Middle East has partnered with music streaming platform Anghami to promote safe driving using Anghami's Auto Car Mode, a unique User Interface. Volkswagen will be the exclusive mobility partner and sponsor for the Auto Car Mode. The collaboration between the two brands comes after the successful campaign by Volkswagen in 2021, where the brands created a calming playlist to promote safer driving.
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CMNDF | Hot Stocks09:35 EDT Clearmind aims to inititate clinical trials with CMND-100 by end of 2022 - Clearmind Medicine has completed a highly constructive Pre-Investigational New Drug Application meeting with the U.S. Food and Drug Administration to discuss the development of the Company's MEAI- based proprietary compound CMND-100. "The FDA's interest in CMND-100 as a potential therapy for alcohol use disorder was extremely encouraging," said Dr. Adi Zuloff-Shani, Clearmind's CEO. "Their feedback to the proposed development program was positive, and we are working diligently towards initiating the clinical trials with CMND-100 by the end of 2022." CMND-100, Clearmind's lead product that is based on MEAI, a novel psychoactive compound, exerts a significant reduced desire to consume alcoholic beverages, and the company is developing it as a candidate therapy for the treatment of Alcohol Use Disorder. Clearmind submitted a pre-IND meeting package to the FDA in April; it included an overview of the development program, and questions about the regulatory requirements for opening an investigational new drug application.
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GBRG | Hot Stocks09:32 EDT Auto Services Group announces merger agreement with Goldenbridge Acquisition - Auto Services Group announced that on May 23, 2022, it has entered into a definitive merger agreement for a business combination with Goldenbridge Acquisition. Upon consummation of the transactions contemplated by the Merger Agreement, Goldenbridge will reincorporate to the Cayman Islands by merging with SunCar Technology Group Inc., a Cayman Islands exempted company and wholly owned subsidiary of Goldenbridge and concurrently, SunCar Technology Global, a Cayman Islands exempted company and wholly owned subsidiary of SunCar Technology Group, will be merged with and into SunCar, resulting in SunCar becoming a wholly owned subsidiary of SunCar Technology Group. Upon the closing of the transactions, the combined company is expected to be Nasdaq-listed. Founded in 2012, SunCar is a leading provider of digital platforms of comprehensive automotive services and market-wide auto insurance products in China. The Company provides one-stop, fully digitized, on-demand automotive service systems to help clients build up their membership marketplace and serve end customers with high customer satisfaction. SunCar auto services covers over 300 types of regular maintenance as well as reserved services such as car wash, oil change, tire repair, car beautification, road assistance, flight pickup, designated driving, VIP lounge, etc. The Company also provides full-spectrum auto insurance products via highly efficient insurance technology applications. SunCar has been active in the automotive service market for over 10 years, gaining deep insights and strong market knowledge to differentiate and satisfy the growing demands of car owners all over China. The Company has built up sustainable competitive advantage with a vast B2B client network of over 40,000 auto service suppliers in over 2,500 districts and counties, processing over 76 million orders of services in the last 5 years. The Company has also engaged with over 70 insurance companies, creating 6.2 million insurance policies through over 47,000 sales partners in the last five years. All the services and insurance policies are processed through over 700 independent digital systems automated by an end-to-end platform. The highly secured SunCar Cloud and Multi-Tenant SaaS bear millions of transactions every month with efficient and stable performance. The Company consistently makes long-term investments in technology and provides modular and innovative user experiences for its enterprise clients as well as their end customers. China's automotive industry is growing fast with strong tailwinds, leaving a massive but highly fragmented after-sales and auto insurance market. SunCar plays an important role in integrating, digitizing and redistributing the tailored service to each client in almost every corner of China. With the rapid growth of electric vehicles the automotive industry is shifting to a stronger focus on service experience through online digital applications. SunCar is now closely engaging many emerging and established players in the EV value chain to blaze a trail in the emerging EV service market. Under the terms of the Merger Agreement, Goldenbridge's wholly owned subsidiary, SunCar Technology Group, will acquire SunCar Technology Group, resulting it being a listed company on the Nasdaq Capital Market. The current management team of SunCar will continue to run the Company after the transaction. Upon effectiveness of such transactions, SunCar's shareholders and management expect to receive 80 million ordinary shares of SunCar Technology Group. Shares held by such SunCar Shareholders will be subject to lock-up agreements for a period of 12 months following the date the transactions close, subject to certain exceptions. Other than that, certain key persons of the Company are eligible to receive additional ordinary Shares subject to the Company achieving certain performance milestones. The proposed transactions contemplated by the Merger Agreement value the combined company at an estimated equity value on a pro-forma basis of approximately US$858 million, assuming no redemptions from the trust account.
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CODX | Hot Stocks09:31 EDT Co-Diagnostics completes principal design of test for monkeypox virus - Co-Diagnostics announced that it has completed the principal design work of a PCR test for the monkeypox virus currently exhibiting a multi-country outbreak. When complete, the new test will feature the company's patented CoPrimer technology and was designed using its proprietary software system. "One of the most important lessons the world learned following the COVID-19 pandemic is the importance of quick, decisive action in the face of any potential outbreak of transmissible viruses. This means being prepared for every scenario. Co-Dx was founded with the mission to increase the accessibility of affordable, high-quality molecular testing products around the world, and we look forward to eventually making this test available in affected regions as needed to help slow the spread of the virus through early and accurate detection," remarked CEO Dwight Egan.
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NTNX | Hot Stocks09:31 EDT Nutanix trading halted, volatility trading pause
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LQDT | Hot Stocks09:24 EDT Liquidity Services selected to auction assets of major oil pipeline project - Liquidity Services has been selected by a North American energy company to sell equipment through its Capital Assets Group. Over 5,000 items from the canceled project will be available to energy buyers through Liquidity Services' online marketplace, AllSurplus. Auction highlights include large-bore valves, power generation and distribution equipment, induction motors, pipeline instrumentation, operational support equipment, pipeline fittings, and flanges. Cataloging and valuation of all 5,000 project assets are underway. Liquidity Services' Capital Assets Group will continuously add equipment as it becomes available.
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HUSN FRGT | Hot Stocks09:20 EDT Hudson Capital to change name to Freight Technologies - Hudson Capital will change its name to Freight Technologies, its Nasdaq Capital Market exchange ticker symbol to FRGT, and its CUSIP to G51413105, effective May 27, 2022. The company will continue to do business under the wholly owned subsidiary's commercial name Freight App. Javier Selgas, CEO of Fr8Tech, said, "As a hi-tech transportation logistics company 100% in North America, our new Freight Technologies moniker aptly creates a cohesive umbrella for all of our solutions. In 2022, we are gaining traction as evidenced by our record monthly sales in April, and our positive trend in loads carried this year. We are executing our growth strategy and look forward to delivering in 2022 and beyond."
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PRGO | Hot Stocks09:20 EDT Perrigo's omeprazole mini capsules for heartburn approved by FDA - Perrigo has received final approval from the FDA for Omeprazole Magnesium Delayed-Release Mini Capsules, 20 mg over-the-counter. Perrigo expects to launch Omeprazole Minis later this year. This launch represents a first-to-market mini capsule form of omeprazole, which is indicated for treatment of frequent heartburn. This capsule is 70% smaller than the tablet version of omeprazole that is currently available, providing a differentiated and preferred product offering for consumers.
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GBRG | Hot Stocks09:20 EDT Goldenbridge Acquisition Ltd trading halted, news pending
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VSCO | Hot Stocks09:18 EDT Victoria's Secret launches VS&Co-Lab digital platform - Victoria's Secret & Co. is launching VS&Co-Lab, an inclusive shopping experience for all customers. The company said, "This curated digital platform connects the modern consumer with unique brands, bringing their stories and their intimates, lifestyle and swimwear products to the forefront. VS&Co-Lab launched as a new section on VictoriasSecret.com, where it will showcase brands that align with its values of innovation and inclusivity."
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QLGN | Hot Stocks09:17 EDT Qualigen Therapeutics announces two abstracts on RAS Inhibitor program - Qualigen Therapeutics announces that two abstracts featuring the Company's RAS inhibitor program will be featured in the American Society for Clinical Oncology's Annual Meeting Abstract Book, which was released online. The two abstracts, which can be found in the ASCO Annual Meeting Abstract Book include: Title: A Novel RAS Inhibitor for Pancreatic Cancer. Highlights: Qualigen's pan-RAS inhibitor was screened to determine inhibition against pancreatic cancer, which has a dismal survival rate, and is most closely associated with activating mutations in the RAS oncoprotein. Approximately 90% of pancreatic adenocarcinomas carry point mutations activating RAS. RAS-F binds all three main isoforms of RAS at low uM kd and modulates the RAS effector domain in NMR studies. It suppresses RAS signaling pathways in transient assays and suppresses pancreatic tumor cell growth in soft agar with IC50s below 500nM. It suppresses xenograft development of human and mouse RAS driven pancreatic tumor cell lines and reduces the growth of a pancreatic cancer PDX. RAS-F is a pre-clinical pan-RAS inhibitor that is active in vitro and in vivo against pancreatic cancer models. Title:A Novel Pan-RAS Inhibitor for Malignant Peripheral Nerve Sheath Tumors Highlights: Qualigen's pan-RAS inhibitor was screened to determine inhibition against malignant peripheral nerve sheath tumors, a rare but deadly form of sarcoma originating from the Schwann cell compartment. RAS-F was shown to bind all three main isoforms of RAS at low uM kd and modulates the RAS effector domain in NMR studies. RAS-F was also shown to suppress RAS signaling pathways in transient assays and suppress MPNST tumor cell growth in soft agar with IC50 ~250nM. Importantly, RAS-F also suppresses MPNST PDX growth in vivo. RAS-F is a pre-clinical pan-RAS inhibitor that is active in vitro and in vivo against MPNST cancer models. The agent also has potential uses against non-tumor manifestations of Neurofibromatosis such as Plexiform and Cutaneous neurofibromas. Qualigen's RAS program is a family of small molecules designed to prevent mutated RAS gene proteins from binding to their effector proteins. Exclusively in-licensed from UofL, compounds from this discovery engine have been shown to impact tumor growth in multiple in vivo models. Qualigen is evaluating promising compounds generated from this partnership in various RAS-driven advanced solid tumors such as pancreatic, colorectal and lung cancers.
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TRNO | Hot Stocks09:17 EDT Terreno Realty acquires two industrial properties in California for $27.2M - Terreno Realty acquired two industrial properties in Los Angeles and Inglewood, California on May 25 for a purchase price of approximately $27.2M. One industrial distribution building at 332 Hindry Avenue in Inglewood containing approximately 19,000 square feet on 0.9 acres with 12 dock-high and one grade-level loading positions and parking for 26 cars. The property is 70% leased to one tenant and the estimated stabilized cap rate is 2.4%; and one industrial distribution building at 8320-8400 Isis Avenue in Los Angeles containing approximately 40,000 square feet on 2.1 acres with ten dock-high and six grade-level loading positions and parking for 59 cars. The property is 100% leased to four tenants and the estimated stabilized cap rate is 3.2%.
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BSGM | Hot Stocks09:13 EDT BioSig Technologies rolls out national commercial launch campaign - BioSig Technologies announced the rollout of the Company's national commercial launch campaign. Under the leadership of its Chief Commercial Officer Gray Fleming, BioSig has implemented several important initiatives to accelerate the transition from its limited market release to a national launch of its PURE EP System. The Company currently has over 30 qualified leads ahead of its official commercial kick-off, expected to commence on July 1, 2022. The PURE EP is an FDA 510(k) cleared non-invasive class II device that aims to drive procedural efficiency and efficacy in cardiac electrophysiology. To date, more than 73 physicians have completed over 2,200 patient cases with the PURE EP System. Commercial strategy highlights include: Business agreement with Summit Blue Capital to implement a leasing and finance program for the PURE EP System. The agreement aims to expedite the pathway to purchase and increase the of scope PURE EP adopters across the U.S. Streamlined product evaluations from 180-360 days to 60 days with a succinct clinical and economic value proposition that showcases the advantages of the technology and accelerates adoption. Strengthened management, commercial, clinical, and marketing teams under the leadership of Gray Fleming, Chief Commercial Officer, who spent 18 years with St. Jude Medical/Abbott. Restructured clinical support and installation teams in preparation for increased commercial activity. The Company's new commercial structure includes national account directors covering five regions in the United States to support product evaluations and the rapid transformation of qualified leads into sales. Implemented an effective CRM system and pipeline management system to support sales opportunities and streamline data and customer engagements. Company to implement new brand strategy and marketing programs to reflect business growth and evolution. These efforts include an updated website and new visual content and branding.
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SIDU LHX | Hot Stocks09:11 EDT Sidus picks L3Harris software for LizzieSat Constellation - Sidus Space (SIDU), a Space-as-a-Service satellite company focused on commercial satellite design, manufacture, launch, and data collection, is pleased to announce its selection of L3Harris Technologies (LHX) InControl and OnTime software for command and control and mission planning for LizzieSat Constellation. InControl will provide satellite command and control software for on-orbit, factory test and ground system monitor and control. InControl supports the full range of command and control system requirements, including telemetry processing, data display and analysis, constellation monitoring and control, onboard system management and ground equipment monitoring and control. It is designed to support a fleet of satellites, treating each satellite and ground station as its own mission. OnTime is modular space mission planning software framework designed to plan, simulate and track mission success from inception to execution with user-specified levels of detail and plug and play capability with external tools. It is designed to aid mission planners by coordinating daily activities through a single user interface.
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TU | Hot Stocks09:11 EDT Telus invests $20M to roll out PureFibre, 5G networks in Lower St. Lawrence - TELUS announces a $20 million private investment in the Lower St. Lawrence region for a new wireless site in Saint-Damase and the rollout of its PureFibre network in the communities of Saint-Mathieu-Rioux and Lac-des-Aigles, and in the Lac Tache sector of Rimouski's ZEC. The investment is paired with $1.8 million from the Canadian and Quebec governments as part of the Operation High Speed program, and will bridge the digital divide by fostering digital innovation in local businesses, promoting the tourism industry, attracting young workers and families, and accelerating the development of virtual services in health and education.
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TU | Hot Stocks09:10 EDT Telus invests $8M to roll out PureFibre, 5G networks in Minganie - TELUS announces an $8 million private investment in the North Shore region this year, rolling out its PureFibre and 5G networks in the Innu community of Ekuanitshit and the municipalities of Longue-Pointe-de-Mingan and Port-Menier. This investment is paired with nearly $3 million from the Canadian and Quebec governments as part of the Operation High Speed program, and will bridge the digital divide by fostering digital innovation in local businesses, stopping rural depopulation of young people, promoting Innu culture and the tourism industry, and accelerating the development of virtual services in health and education.
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TBLA | Hot Stocks09:10 EDT Taboola to acquire Gravity R&D, terms not disclosed - Taboola announced it has entered into a definitive agreement to acquire Gravity R&D, a leading personalization technology company founded in data science. Gravity R&D's core offering, Yusp, is used by leaders in retail, e-commerce, and digital media to provide personalized offers to customers to drive sales, increase average order sizes, build customer loyalty and create more positive user experiences. Yusp's technology is built on proprietary algorithms that focus on deep learning for personalization - coupling contextual data and brands' first party data to make recommendations for shoppers. Gravity R&D was founded in 2007 by experts in algo, deep learning and data science. Its founders, which are still part of Gravity R&D today, had tied for first place for the Netflix Prize, a public competition to find a team to improve Netflix's recommendation technology. Gravity R&D has customers in more than 20 countries and currently powers more than 35 billion recommendations each month for leaders in retail, e-commerce and digital media including N11, Kaunet, GoShop, La Vanguardia, and Deutsche Telekom Hungary. As part of the pending acquisition, Taboola will create and invest in a new research and development hub in Gravity R&D's headquarters in Hungary. The acquisition is part of Taboola's stated goal of investing $100 million annually into R&D/ The private transaction, terms of which are not being disclosed, is subject to customary conditions and expected to close in the second quarter of 2022.
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CXM | Hot Stocks09:09 EDT Sprinklr announces expanded partnership with TikTok - Sprinklr announced an expanded partnership with TikTok as an official partner in its all-new TikTok Content Marketing Specialty that is a part of the TikTok Marketing Partner Program. Sprinklr was TikTok's first advertising partner in 2020, and the addition of the Content Marketing Specialty makes Sprinklr the only platform capable of helping marketers manage, execute, and optimize both organic and paid content campaigns on TikTok.
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SGPYY | Hot Stocks09:09 EDT Sage Group launches Sage Intacct Real Estate - Sage announced the launch of Sage Intacct Real Estate, a new module that adds property management functionality to the Sage Intacct cloud financial management system. The solution combines the long-trusted, solid foundation of Sage 300 Construction and Real Estate Property Management with Sage Intacct's proven multi-tenant cloud platform.
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KHC | Hot Stocks09:08 EDT 3G Capital holds 7.9% of Kraft Heinz shares after share distribution - The Kraft Heinz Company received notice that funds affiliated with 3G Capital the Company's second largest stockholder, have distributed approximately 88M shares of Kraft Heinz common stock to external investors in its funds. The notice also indicated that following the distribution, 3G's co-founders and partners would continue to hold approximately 7.9% of the Company through 3G funds and that the remaining shares held by the 3G funds are subject to a voluntary 60-day lock-up. 3G has been a valued partner through a series of milestones that have transformed and strengthened the Company's business and market position over the last several years," said Miguel Patricio, Chief Executive Officer and Chair of the Board of Kraft Heinz. "We look forward to continuing to work with 3G as well as Berkshire Hathaway, our largest investor."
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SGPYY | Hot Stocks09:07 EDT Sage Group announces availability of Sage Intacct 2022 Release 2 - Sage announced the availability of Sage Intacct 2022 Release 2. Building on its leading subscription billing solution for SMBs, Release 2 adds support for evergreen subscriptions. With Release 2, Sage Intacct supports customers in SaaS businesses to easily bill auto-renewing subscriptions, report, and forecast billing and revenue.
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CVX | Hot Stocks09:07 EDT Chevron announces new organizational structure - Chevron announced a simplified organizational structure intended to strengthen execution and pace to deliver on the company's objectives of higher returns and lower carbon. Effective October 1, the company will consolidate its upstream, midstream and downstream business segments under a new executive vice president, oil, products and gas, who will oversee the full value chain. As part of this change, the company is consolidating into two upstream regions - americas exploration and production and international exploration and production. The company is also organizing its strategy and sustainability, corporate affairs and business development functions under a new executive vice president, strategy, policy & development. The new leadership structure is expected to enable a more integrated approach to capital allocation, asset class excellence and value chain optimization, and facilitate more effective external engagement and business development impact.
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GRVI | Hot Stocks09:07 EDT Grove's Upexi launches medicinal mushroom product line - Grove expands into the rapidly growing market for medicinal mushrooms and superfoods with their newest product line, Cure Mushrooms. The brand offers a US-based product line of mushroom extracts. With cultivation in the Pacific Northwest and extraction/formulation in California, the USDA Certified Organic brand offers a full line of liquid extracts and gummies. Cure Mushrooms products are vegan and completely free of preservatives, chemicals, corn syrup, allergens, soy, dairy, wheat, salicylates, artificial ingredients, artificial sweeteners, flavors or colors. The DTC and Amazon brand strategy has been a key driver to growth and profitability. Cure Mushrooms, alongside new brand launches and acquisitions, will drive continued growth and profitability going forward
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BBIG TYDE | Hot Stocks09:05 EDT Vinco Ventures delays Cryptyde spin-off distribution date - Vinco Ventures last night announced that, due to contractual and regulatory conditions, the company's board of directors has decided to delay the distribution date for the previously announced spin-off of Cryptyde. On May 5, the company announced that each Vinco stockholder of record as of the close of business on May 18 would receive one share of Cryptyde common stock for every ten shares of Vinco common stock held and that such share dividend was expected to be distributed on or about May 27. The company currently expects the distribution date for the Cryptyde spin-off to occur on or about the end of the second quarter of 2022, subject to certain contractual and regulatory conditions being met or waived. After the separation, Cryptyde common stock is expected to trade on the Nasdaq Capital Market under the stock ticker symbol "TYDE" and Vinco will continue to trade on the Nasdaq Capital Market under the stock ticker symbol "BBIG." Vinco Ventures shares are down 39c, or 14%, to $2.43 in pre-market trading.
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NVEI | Hot Stocks09:05 EDT Scott Dunn selects Nuvei as global payments provider - Nuvei Corporation announces its partnership with luxury tour operator, Scott Dunn. Nuvei will provide the award-winning exclusive travel operator with a holistic global payment solution, including payments orchestration and smart routing.
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VRME | Hot Stocks09:05 EDT VerifyMe announces first customer in U.K. - VerifyMe is pleased to announce its first customer in the UK. VerifyMe has its first UK based customer to use its smartphone-based authentication and consumer engagement solution. The customer, a new UK based cannabis company is purchasing VerifyMe tamper evident labels with dynamic QR codes for consumers to authenticate the product, download certificates of analysis, and engage with the brand for product promotions and more.
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SPT | Hot Stocks09:05 EDT Sprout Social joins TikTok Marketing Partner Program - Sprout Social announced it is partnering with TikTok, as part of the TikTok Marketing Partner Program, to launch a first-of-its-kind integration that enables Sprout's users to further grow their end-to-end video strategy with TikTok video scheduling, comment management and presentation-ready reports.
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CAT | Hot Stocks09:04 EDT Caterpillar to sponsor Major League Soccer - Caterpillar announced a multi-year sponsorship with Major League Soccer - MLS -. As a part of the sponsorship, MLS will collaborate with Caterpillar to integrate Cat products into the soccer ecosystem. Cat dealers will also have access to exclusive soccer experiences for their operators and customers as well as their families.
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AMD MSFT | Hot Stocks09:04 EDT AMD, Microsoft continue collaboration in the cloud - AMD and Microsoft continued their collaboration in the cloud, with Microsoft announcing the use of AMD Instinct MI200 accelerators to power large scale AI training workloads. In addition, Microsoft announced it is working closely with the PyTorch Core team and AMD data center software team to optimize the performance and developer experience for customers running PyTorch on Microsoft Azure and ensure that developers' PyTorch projects take advantage of the performance and features of AMD Instinct accelerators.
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HGTY | Hot Stocks09:04 EDT Hagerty announces new digital classifieds platform - Hagerty announced a new digital classifieds platform where Hagerty Drivers Club members can buy and sell collectible and exotic cars, trucks and motorcycles. The platform is Hagerty's first foray into the private party transaction segment of the collectible car market, estimated to total about 43M insurable vehicles nationwide. In 2021, Hagerty observed its insurance members buying or selling approximately 280,000 collector cars, representing $9.5B in value.
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BHAT | Hot Stocks09:02 EDT Blue Hat Interactive announces 1-for-10 reverse stock split - Blue Hat Interactive Entertainment reported that it expects to implement a 1-for-10 reverse stock split on its ordinary shares effective Friday, May 27, 2022, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the ordinary shares will continue on the Nasdaq Capital Market under the symbol "BHAT". The new CUSIP number for the ordinary shares following the reverse stock split is G1329V 205. Upon the effectiveness of the reverse stock split, every 10 shares of the Company's issued and outstanding ordinary shares will automatically be converted into one issued and outstanding ordinary share. No fractional shares will be issued as a result of the reverse stock split. Instead, any fractional shares that would have resulted from the split will be rounded up to the next whole number. The reverse stock split affects all shareholders uniformly and will not alter any shareholder's percentage interest in the Company's outstanding ordinary shares, except for adjustments that may result from the treatment of fractional shares.
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ZBH | Hot Stocks09:02 EDT Zimmer Biomet names Keri Mattox Chief Communications and Administration Officer - Zimmer Biomet announced the appointment of Keri Mattox as Chief Communications and Administration Officer, reporting to President, CEO and Chairman Bryan Hanson. Mattox previously served as Senior Vice President, Investor Relations and Chief Communications Officer, and now adds responsibility for building and executing a comprehensive strategy around Environmental, Social and Governance initiatives and increasing CEO visibility, engagement and accessibility to her portfolio. Prior to joining Zimmer Biomet, she served as Global Lead, Integrated Corporate Communications at W2O Group, an international healthcare-focused marketing and communications firm.
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FLO | Hot Stocks09:02 EDT Flowers Foods increases share repurchase authorization by 20 million shares - Flowers Foods increased the company's share repurchase authorization by 20 million shares. At the close of the company's Q1, 5.4 million shares remained under the existing authorization. With this action, the current authorization increases to 25.4 million shares. The authorization has no expiration date.
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GHSI | Hot Stocks09:01 EDT Guardion Health announces Viactiv Omega Boost Gel Bites available on Amazon - Guardion Health Sciences announced the availability of Viactiv Omega Boost Gel Bites on Amazon.com. The 1,200 mg Omega-3 Gel Bites are designed to provide total body support, including cardiovascular, brain, joint, and eye health.
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FLO | Hot Stocks09:01 EDT Flowers Foods increases quarterly dividend 4.8% to 22c per share - Flowers Foods has declared a quarterly dividend of 22c per share, an increase of 4.8% over the same quarter last year. This dividend is payable on June 23 to shareholders of record on June 9.
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MAXN | Hot Stocks08:59 EDT Maxeon Solar expands residential channel program in the U.S. - Maxeon Solar announced an agreement with CED Greentech to significantly expand Maxeon's differentiated channel program to residential installers in the U.S. The U.S. residential solar market is projected to grow 50% over the next 5 years, and as electric vehicle adoption grows in parallel, homeowners will require more power from the same roof sizes. Maxeon will offer its flagship IBC panels and its 40-year warranty. Products will be available for purchase later this year with deliveries starting in January 2023.
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RLFTF NRXP | Hot Stocks08:59 EDT Relief says NRx announces DSMB update on NIH study of aviptadil - RELIEF THERAPEUTICS reported that the parent company, NRx Pharmaceuticals of its collaboration partner with respect to aviptadil, NeuroRx, announced results of a review conducted by the Data Safety and Monitoring Board on May 25, 2022. According to NRx, the DSMB reviewed data of approximately 460 patients with Critical COVID-19 Respiratory Failure who were enrolled in the ACTIV-3b trial, most of which had reached the 90-day endpoint. NRx reported that, based on a review of nearly 75% of the target enrollment of 640 patients, most of which have reached the 90-day endpoint, the Independent DSMB overseeing the ACTIV-3b study determined that evaluation of aviptadil should cease due to futility.
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APPEF TIXT | Hot Stocks08:57 EDT Appen says Telus International revoking indicative proposal - Appen Limited (APPEF) stated in a notice to the ASX: "As announced this morning, Appen Limited received an unsolicited, conditional and non-binding indicative proposal from TELUS International to acquire 100% of Appen at an indicative cash offer price of A$9.50. The Indicative Proposal was subject to several conditions. Following receipt of the Indicative Proposal, Appen engaged with Telus in good faith through its advisers to better understand the conditions of the Indicative Proposal and to agree an appropriate confidentiality and standstill agreement, after which Appen was prepared to make available limited business and financial information. Appen and Telus negotiated the NDA to an agreed form and Appen had an expectation that the NDA would be executed by Telus imminently. Following media reports overnight, Appen was required to disclose the Indicative Proposal to the market. This afternoon, Telus informed us that they were revoking their Indicative Proposal. No reasons were given. No confidential information was provided to Telus. Appen will continue to update shareholders in accordance with its continuous disclosure obligations." Reference Link
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MALRY | Hot Stocks08:55 EDT Vox acquires producing Wonmunna royalty in Western Australia - Vox Royalty is pleased to announce that it has acquired a producing royalty over the Wonmunna iron ore mine in Western Australia operated by major ASX-listed producer Mineral Resources Limited. The royalty was acquired from an arm's length, private company for the following consideration: US$4,750,000 in cash, US$12,150,000 in Vox common shares, being 4,350,000 common shares at an issue price of CAD$3.53 per common share and a USD/CAD exchange rate of 1.2618, and 3,600,000 common share purchase warrants with an exercise price of CAD$4.50 and an expiry date of March 25, 2024. The cash portion of the purchase price was fully funded by Vox's cash on hand. The definitive agreement was executed by Vox and the Vendor on May 26, 2022. The royalty is a 1.25% - 1.50% sliding scale Gross Revenue Royalty over the Wonmunna mine, with 1.25% GRR payable when benchmark 62% iron ore price is below A$100/tonne and 1.50% GRR payable when the iron ore price is above A$100/tonne, which covers the full extent of Wonmunna. Wonmunna commenced production in April 2021 and is currently producing at a rate of ~5Mtpa of iron ore, with all approvals received to expand production up to 10Mtpa. Notwithstanding the closing date of the Transaction, all royalty payments due and payable to the holder of the Royalty will be for the benefit of Vox as of April 1, 2022. Kyle Floyd, Chief Executive Officer stated: "The Wonmunna royalty acquisition further expands the revenue and growth profile of Vox and is accretive on all key metrics. The opportunity to add significant, immediate, incremental revenue through a non-brokered accretive transaction with a private seller generates significant value for Vox shareholders for years to come. We are also excited to increase our exposure to an A$11 billion market cap, best-in-class operator, who we know well as the operator of our producing Koolyanobbing royalty asset. We are also pleased to share revenue guidance of C$10M - C$12M for 2022, more than double Vox's 2021 realized revenues, which reflects the ongoing embedded growth in Vox's royalty portfolio."
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DBKSF | Hot Stocks08:52 EDT DigiMax launches three new solutions to complement CryptoHawk - DIGIMAX GLOBAL is pleased to announce that it has launched three new information or predictive services, all being served from the AI data engine first developed around CryptoHawk. The three services include: CryptoHawk API - electronic sharing of CryptoHawk data and predictions; Coindrop.Pro - Altcoin information service for investors and traders who are rewarded with airdrops; CommodityHawk - AI prediction of 10 separate commodities developed for institutional traders. While Coindrop is primarily a retail targeted product, the others are increasingly targeting institutional markets that see CryptoHawk as one of the most credible AI-driven prediction providers available in the marketplace today.
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AMD | Hot Stocks08:51 EDT AMD completes acquisition of Pensando - AMD announced that it has completed its acquisition of Pensando Systems in a transaction valued at approximately $1.9 billion. Pensando's distributed services platform will expand AMD's data center product portfolio with a high-performance data processing unit and software stack that are already deployed at scale across cloud and enterprise customers including Goldman Sachs, IBM Cloud, Microsoft Azure and Oracle Cloud. The Pensando team will join the AMD Data Center Solutions Group, led by AMD Senior Vice President and General Manager Forrest Norrod. Pensando will remain focused on executing their product and technology roadmaps, now with additional scale to accelerate their business and address growing market opportunities across a broader number of customers.
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FOUN... | Hot Stocks08:51 EDT Rubicon Technologies enters strategic partnership with Palantir - Rubicon Technologies announced that it has entered a strategic partnership with Palantir Technologies, enhancing and expanding its data, analytics, and reporting capabilities. As part of the agreement, the two organizations will also develop a joint go-to-market strategy for the commercialization of new Rubicon subscription data products and supporting workflows. The new partnership with Rubicon is supported by Palantir's Foundry operating system, a fully managed, modular SaaS offering that includes data integration, flexible analytics, visualization, model-building, operational decision-making, and decision capture. The scope of the new partnership with Palantir encompasses both internal and external deliverables, including: The development of new data collection and analysis tools; Provision of greater insight into waste, recycling, and sustainability performance for Rubicon's corporate customers, smart city partners, and hauler network; Further optimization of customer and hauler service levels; A joint go-to-market effort to commercialize advanced analytics capabilities. Palantir will also provide ongoing support to Rubicon, its customers, and partners through workflow development, onboarding, and training to maximize the value provided by these new tools.
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VSAT | Hot Stocks08:48 EDT ViaSat sees FY23 revenue up double-digits, adjusted EBITDA growth - In its Q4 Shareholder Letter, the company stated: "Coming off strong full year financial performance in FY2022 and with the upcoming launch of the ViaSat-3 constellation and the expected closing of the Inmarsat transaction, we are well positioned for strong and durable long-term growth emphasizing global mobility. For FY2023 on a stand-alone basis we expect to continue generating double-digit revenue and Adjusted EBITDA growth, even as we carefully manage our available bandwidth resources and growing market entry and network costs ahead of the ViaSat-3 constellation entering commercial service. We anticipate IFC will lead Satellite Services revenue growth from both new and existing customer aircraft additions and a continuing recovery in passenger volumes. We expect no top-line growth in fixed broadband, as growth in consumer fixed broadband in Latin America and global enterprise fixed broadband is expected to be offset by declines in U.S. consumer fixed broadband. We expect margins to be constrained by increasing expenses associated with the ramping of the ViaSat-3 ground network and higher costs internationally. We expect segment growth to be weighted to the back half of FY2023 due to the cumulative effects of aircraft IFC activations and the commencement of commercial service on ViaSat-3 (Americas) targeted for early Q4 FY2023. We anticipate Government Systems revenue growth can resume in FY2023 on a YoY basis, weighted to the back half of the year as pandemic-related bottlenecks are resolved. While full year YoY revenue growth is targeted in the double digits for the segment, Adjusted EBITDA growth is expected to be somewhat lower due to product mix, and lower margin early-stage R&D efforts in attractive growth areas including space, cyber, and JADC2/5G networking. Our substantial backlog and IDIQ portfolio are expected to support this segment. Commercial Networks is expected to continue growing revenue but at a more moderate pace compared to FY2022. IFC mobility terminal deliveries from existing orders, additional orders from current and new IFC customers, and backlog in ground antenna systems are anticipated to be key drivers, and also support meaningful YoY segment Adjusted EBITDA gains."
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VRAR | Hot Stocks08:46 EDT Glimpse Group to merge Brightline Interactive into new subsidiary company - The Glimpse Group announced that it has entered into a definitive agreement to merge Brightline Interactive into a new dedicated Glimpse subsidiary. BLI is a global provider of VR, AR, 5G integration, spatial computing, and deep tech software and service solutions. It designs, builds, integrates, and supports immersive and interactive experiences, training scenarios, and simulations for both government and commercial customers. Key commercial customers include companies such as AT&T and Coca-Cola. BLI has a significant presence in the government sector as a direct contractor, including projects with Federal Emergency Management Agency, the Federal Aviation Administration, the United States Air Force, and the National Institutes for Health, to name a few. BLI has 28 employees, was founded in 2004 and is based in Ashburn, VA. In addition, BLI has been issued one US patent: "System and Method for Generating an Augmented Reality Experience" and has been issued an allowance of a second VR patent application, expected to be to be finalized in Q3, 2022. Erik Muendel will be spearheading integration between the various groups and playing an advisory role on technical solutions, process and creative direction for BLI during its transition into the Glimpse organization. BLI generated revenue of approximately $5.0 million in calendar year 2021, an increase of approximately 25% compared to approximately $4.0 million in calendar year 2020. BLI's gross margins for calendar year 2020 were in the 50-55% range, with breakeven to slightly positive cash flow from operations. BLI's recognized revenue and financials have not been audited yet and may change upon review and audit. Expected synergies from the deal include: Increase Glimpse's annual revenue by approximately 33%; Place Glimpse on a potential $15 million annual revenue run rate, which we believe cements Glimpse's position as one of the largest independent VR and AR software and services companies; Significantly improve business, operating and financial scale, further solidifying Glimpse's operating base; Generate compelling go-to-market synergies across Glimpse's diverse ecosystem of subsidiary companies; Improve positioning and capabilities towards the Government and Department of Defense as a direct contractor; Adds 1 issued and 1 allowed patent, bringing Glimpse's total issued VR and AR patents to 9 expected in the short term; Increase employee base to over 175 immersive technologies software developers, engineers, and 3D artists with cutting-edge capabilities Deepen Glimpse's robust ecosystem of VR/AR companies and expertise; Expand diversification across industries, subsidiary companies, customers, technologies, and geographies. In addition, Tyler Gates, BLI's CEO and Managing Partner, will continue as its General Manager post transaction and join Glimpse's executive team as Chief Futurist. Mr. Gates will add significant immersive technology industry experience and relationships, specifically around strategy, vision and industry partnerships. In addition, Tyler will serve as a Glimpse Board observer. Transaction Summary: Total potential purchase price of $32.5 million, with an initial payment of $8 million; $24.5 million of the potential purchase price is dependent on the achievement of revenue growth milestones over the next three years; Of the total potential purchase price, up to $15 million is in cash and $17.5 million is in Glimpse common shares, priced at around the time of issuance over the next three years when the revenue milestones are met and with a minimum issuance price of $7.00/share; There are no contingencies to this transaction, which is expected to officially close during Q3 CY '22; The transaction is expected to be immediately accretive to Glimpse; Post deal, Glimpse is expected to have approximately $16 million cash on its balance sheet, with no material liabilities, preferred equity or debt.
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NRXP | Hot Stocks08:43 EDT NRx Pharmaceuticals falls 38% after aviptadil misses endpoint in COVID study - In pre-market trading, NRx Pharmaceuticals shares have fallen 53c, or 38%, to 85c.
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VINO | Hot Stocks08:42 EDT Gaucho Group completes improvements, expansion to winery facilities - Gaucho Group announced the completion of its winery's multi-year expansion and infrastructure improvement initiative, that has resulted in a larger and better equipped facility to produce premium quality, small batch wines/ Algodon Wine Estates has over the past 36 months placed significant investment into the acquisition of additional stainless steel tanks, new French oak barrels, and the expansion of its winery and wine cave, including: improvements to its microvinification area and wine cellars that includes stone wall finishings that have been quarried from the local Sierra Pintada Mountains, and produce natural temperature control ideal for barrel aging and storage; the addition of new stainless-steel tanks specially created to produce quality small batch wines, a new tasting room lined with wine racks for bottle aging, and featuring a central keystone, iconic and grand in scale, that was hand selected and quarried from the local Sierra Pintada Mountains, and serves as a tasting table in the center of the tasting room; a new bottling center with improved technology and machinery, as well as a grand rooftop terrace above the winery offering sweeping vineyard views, intended for wine tastings, special occasions and other social events. Algodon's current winery capacity includes 485,000 liters. which can be broken down to include tank storage of 280,000 liters, barrel storage of 135,000 storage, and 70,000 liters of bottle storage.
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BLIN | Hot Stocks08:41 EDT Bridgeline Digital says Celebros chosen by sports retailer - Bridgeline Digital announced that their NLP site search product, Celebros, has been chosen by another sports retailer on the AB Commerce platform. The premier sports and leisure store, Michael Murphy Sports and Leisure, has selected Bridgeline for a multi-year subscription after testing 5 competing site search products. Not only is this another win from Bridgeline's partnership with AB Commerce, but this contract also adds to the number of online sporting goods stores Bridgeline provides site search solutions to internationally.
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MBRX | Hot Stocks08:39 EDT Moleculin Biotech begins dosing in Phase 1a clinical trial of COVID-19 candidate - Moleculin Biotech commenced dosing in its first-in-human Phase 1a study to evaluate the safety and pharmacokinetics of WP1122 in healthy volunteers for the treatment of COVID-19. The Phase 1a, first-in-human, overlapping Single and Multiple ascending dose will investigate the effects of WP1122 administered as an oral solution in healthy human volunteers in the U.K. This study in healthy volunteers will explore safety and PK, and subsequent antiviral clinical development will be in patients infected with SARS-CoV-2 to further evaluate safety and establish a favorable risk/benefit profile. Moleculin is also in the process of identifying additional countries where potential future Phase 2 COVID-19 clinical studies could occur.
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SFET | Hot Stocks08:39 EDT Safe-T secures non-dilutive line of credit from United Mizrahi-Tefahot Bank - Safe-T Group announced that its consumer business has entered into a revolving line of credit agreement with United Mizrahi-Tefahot Bank to support the growth of its consumer privacy solutions, in an amount of up to $2,000,000 for a period of 12 months, at an interest rate of Secured Overnight Financing Rate plus 5.5% per annum, to be paid quarterly for the actual withdrawn balance. The Credit Facility is part of the Company's broader efforts to attract diverse long-term sources of capital while creating non-dilutive financing alternatives. As a part of this strategy, the Company plans to work with the Bank to extend the Credit Facility duration upon maturity, and to increase it. The Credit Facility offers a 3x multiple on eligible revenues, is secured against all of the assets of CyberKick Ltd., is guaranteed by Safe-T and includes a refundable deposit by the Company of USD $500,000.
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SLS MRK | Hot Stocks08:38 EDT Sellas Life Sciences reports preliminary data from Phase 1/2 trial of GPS - SELLAS Life Sciences announced top-line clinical data from its Phase 1/2 trial of galinpepimut-S, the Company's Wilms Tumor-1-targeting peptide immunotherapeutic, in combination with Merck's anti-PD-1 therapy, KEYTRUDA(R) (pembrolizumab), in patients diagnosed with WT1 relapsed or refractory platinum resistant advanced metastatic ovarian cancer. Data from 15 patients enrolled in the study, conducted under a Clinical Trial Collaboration and Supply Agreement with Merck & Co., has been preliminarily analyzed with final data for all 17 patients enrolled in the clinical trial expected by the end of 2022. All enrolled patients were resistant to standard of care platinum-based therapy and 78.5 percent of evaluable patients were refractory to or had failed their first- or second-line therapies with 21.5 percent having failed three or more lines of therapy, including one patient who failed five previous lines of therapy. Of the 15 patients, 13 received at least three doses of GPS, the last of which was in combination with pembrolizumab, and were evaluable for response outcomes. Summary of Top-Line Clinical Data: The overall response rate of the trial is, similar to the response to checkpoint inhibitors. An ad hoc analysis of clinical outcomes in this cohort shows a disease control rate, the sum of overall response rate and rate of stable disease, of 53.9 percent at a median follow-up of 43.1 weeks. In a checkpoint inhibitor single agent study in a similar platinum-resistant ovarian cancer patient population treated with a checkpoint inhibitor alone, the observed DCR was 37.2 percent, consistent with a DCR rate increase of 45 percent in the GPS combination with pembrolizumab over that seen for checkpoint inhibitors alone. Median progression-free survival was 12 weeks compared to 8.4 weeks for checkpoint inhibitors alone seen in studies with similar patient populations, a 43 percent increase in the GPS combination with pembrolizumab. Patients with fewer previous lines of chemotherapy experienced a more favorable median PFS than those with more than two previous lines: for patients with two or fewer previous lines of therapy treated with GPS in combination with pembrolizumab, median PFS was 24 weeks. With 43.1 weeks of follow-up the median overall survival has not been reached. The safety profile of GPS in combination with pembrolizumab was similar to pembrolizumab alone, with the only addition of low-grade rapidly resolving local reactions at the GPS injection site, consistent with observations from other GPS clinical studies.
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CTSDF IBM | Hot Stocks08:36 EDT Converge Technology enters licensing agreement with IBM - Converge announced a licensing agreement with IBM to extend its cloud capabilities with Converge Enterprise Cloud on IBM Power for Google Cloud Platform. Leveraging the licensing agreement with IBM, Converge plans to extend and accelerate its product roadmap on IBM Power with new procurement models, locations and features. The Converge solution aims to empower customers with seamless procurement and billing via Google Cloud Marketplace, integrated support via Google Cloud Customer Care, and a self-service interface for provisioning. IBM Power has been available as a service on Google Cloud Platform since January 2020. As part of today's announcement, existing and prospective clients can benefit from Converge's industry expertise and dedication to the platform, with seamless service and experience by Converge across AIX, and in the future, IBM i and Linux operating environments. Additionally, Converge has a track record of modernizing enterprise workloads running on IBM Power, uniquely combined with Google Cloud Services. The result is a modernize-to-value approach for hybrid cloud strategies.
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GLTO | Hot Stocks08:36 EDT Galecto to present data on GB1211 at ASCO annual meeting - Galecto announced two poster presentations at the upcoming 2022 American Society of Clinical Oncology Annual Meeting, being held June 3-7, 2022 in Chicago, IL. The first poster, entitled: "Resistance to anti-PD-1/anti-PD-L1: GB1211 reverses galectin-3 induced blockade of pembrolizumab and atezolizumab binding to PD-1/PD-L1," demonstrates that, in pre-clinical models, GB1211 reversed a galectin-3 induced blockage of PD-1/PD-L1 checkpoint inhibitors and restored the binding of these checkpoint inhibitors. Multiple clinical studies have shown that patients with high galectin-3 expressing tumors generally have a poor response to PD-1/PD-L1 checkpoint inhibitors, potentially as a result of resistance to these widely-used therapeutics. GB1211, Galecto's orally active, potent and selective galectin-3 inhibitor candidate, is designed to block the galectin-3 carbohydrate recognition domain and reduce tumor resistance to PD-1/PD-L1 checkpoint inhibitors. The abstract will be presented during the poster presentation session on Sunday, June 5, 2022, from 8:00 - 11:00 am CT. The second poster entitled: "GALLANT-1: Galectin-3 inhibitor GB1211 plus atezolizumab in patients with non-small cell lung cancer - a randomized double-blind study," highlights the Phase 2 trial design for GB1211 in NSCLC. This trial is designed to investigate the ability of GB1211 to increase the efficacy of checkpoint inhibitors.
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APYX | Hot Stocks08:35 EDT Apyx Medical receives FDA clearance for Renuvion Dermal Handpiece - Apyx Medical announced it has received 510(k) clearance from the FDA for the use of the Renuvion Dermal Handpiece for specific dermal resurfacing procedures. The Renuvion Dermal Handpiece is indicated for dermatological procedures for the treatment of moderate to severe wrinkles and rhytides, limited to patients with Fitzpatrick skin types I, II or III.
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SPRC | Hot Stocks08:34 EDT SciSparc announces Ethics Committee approval to conduct Phase IIb trial - SciSparc announced it received Ethics Committee approvals from Hannover Medical School in Hannover, Germany, and the Tel Aviv Sourasky Medical Center, in Tel Aviv, Israel, to conduct the Company's Phase IIb clinical study for SCI-110 in patients suffering from Tourette Syndrome. The Company is evaluating additional clinical sites to join the Phase 2b trial to expedite patient enrollment in a timely manner. TS is a movement and neurobehavioral disorder characterized by chronic motor and vocal tics. With onset before age 18, about half to two-thirds of TS cases improve during adolescence, while adults are generally more severe patients. Tics may be associated with a premonitory sensation to perform a specific action, which may lead to "relief" once performed. The objective of this Phase IIb randomized, multi-national, multi-center, double-blind, placebo controlled cross-over study is to evaluate the efficacy, safety and tolerability of SciSparc's proprietary drug candidate SCI-110 in adult patients. The patients will be randomized in a 1:1 ratio to receive either SCI-110 or SCI-110 matched placebo. The primary efficacy objective of the study will be to assess tic severity change using Yale Global Tic Severity Scale, the most commonly used measure in clinical trials, as a continuous endpoint at week 12 and week 26 of the double-blind phase compared to baseline. The primary safety objective of the study will be to assess absolute and relative frequencies of serious adverse events for the entire population and separately for the SCI-110 and placebo groups. The launch of the trial is pending approvals by the Ministry of Health in both countries.
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RSLS | Hot Stocks08:33 EDT ReShape Lifesciences, OpenLoop enter agreement for virtual health services - ReShape Lifesciences announced the signing of an agreement to provide a nationwide, physician-led, telehealth solution for reshapecare virtual weight loss coaching. reshapecare is a HIPAA-compliant, effective, convenient virtual health coaching program delivered through ReShape Lifesciences' innovative app, which enhances behavior change through patient engagement. reshapecare is doctor prescribed and may be covered by insurance for up 26 visits per reimbursement year. In partnership with physicians, the service utilizes video-based counseling with board certified health coaches in order to help patients both set and achieve their health and wellness goals including implementing behavioral changes to improve patients' sleep, nutrition, exercise and stress levels. reshapecare is appropriate for all weight loss patients including medical weight loss patients, and pre- and post-surgical bariatric patients. OpenLoop's telehealth technology provides access to 7,000 in-network licensed clinicians, available 24x7 in all 50 states, including specialists in weight-loss and metabolic health solutions. Additionally, OpenLoop's in-network clinicians now serve patients covered by over 600 payers including Medicare, Medicaid and every major private insurer.
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OCG | Hot Stocks08:32 EDT Oriental Culture Holding partners with Hangzhou Metaverse Internet Technology - Oriental Culture Holding's wholly-owned subsidiary, HKDAEx, has entered into a strategic cooperation memorandum of understanding with Hangzhou Metaverse Internet Technology, or HMIT. The parties will cooperate and integrate their respective industry resources to provide services to global users in connection with NFTs for cultural and artwork collections, including the mint, sales, auctions, trading of NFTs. HKDAEx's platform is open for collectors, artists, art dealers and owners worldwide.
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BUR | Hot Stocks08:30 EDT Burford Capital extends life of sovereign wealth fund arrangement - Burford Capital announces the extension of its arrangement with its sovereign wealth fund strategic partner through December 31, 2023. While BOF-C was nearly full at the end of 2021, with $633 million in active commitments out of its $667 million fund size, only $274 million was deployed. It is our judgment that BOF-C is able to support additional commitments, and we have thus agreed with the SWF to extend the investment period by one year to permit that to occur. If BOF-C reaches the point prior to the expiration of the extended investment period where we regard it as fully committed, we expect to cease allocating new matters to BOF-C. Until that time, we will allocate 25% of each new matter that meets the relevant investment criteria to BOF-C, and the balance sheet will take the remaining 75%. This change from the current 50%/50% allocation permits the balance sheet to take more of each new core legal finance asset in light of Burford's recent incremental capital raise while providing a greater diversity of matters to the SWF. The company said, "Burford is very pleased with the constructive and ongoing relationship with the SWF, as reflected not only in these changes but also in the SWF's provision of a $100 million sidecar facility during the course of 2021. In light of this amendment to BOF-C and our recent successful $360 million debt offering, it is opportune to comment on our approach to the fund management business more generally, building on the commentary in our management letter included in Burford's 2021 annual report. We think about our business in three broad ranges of potential returns, less than12%, 12-20% and greater than20% internal rate of return, and we take a considered approach to balance sheet structure and capital allocation within each range. Of course, these return ranges are anticipated and actual returns may vary. In our lowest range of potential returns, less than12%, which typically includes our post-settlement products, we act solely as a fund manager. We do not allocate balance sheet capital to this range of returns. The assets we consider for this range of returns are generally more efficient to manage, and we are able to operate our funds on a standalone profitable basis while also providing a service to clients. In our middle range of potential returns, 12-20%, we operate through our new fund, the Burford Advantage Fund, in which our balance sheet makes a 20% investment. Again, by making capital available in this range of returns, we provide a service to clients and we expect to operate on a standalone profitable basis, including an attractive return on our capital committed to the Burford Advantage Fund, given the characteristics of the underlying matters and our profit-sharing arrangement with limited partners. The highest range of potential returns, greater than20%, is our core legal finance business which is characterized by the need for extensive diligence and ongoing case management performed by highly qualified professionals along with assets that do not scale particularly well. Thus, a traditional 2% management fee does not cover our operating costs, and we view a 20% performance fee as inadequate compensation for the approximately 30% IRR we have historically generated. While we will continue to explore alternative structures and fee levels, as illustrated by BOF-C and by our new Burford Advantage Fund, we are disinclined to continue allocating high-return assets to a classic 2&20 private fund and, in light of our recent incremental capital raise, do not plan to raise a successor to the Burford Opportunity Fund at this time but instead allocate more of our future high-return assets to the Burford-only balance sheet and our public shareholders."
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ZTEK | Hot Stocks08:29 EDT Zentek opens industrial scale ZenGUARD facility in Ontario - Zentek is pleased to announce the grand opening of its industrial scale ZenGUARD antimicrobial production facility in Guelph, Ontario on Friday June 17th, 2022, at 2:00 pm. This facility is one of the largest nanomaterials-based manufacturing facilities in the world.
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MDT | Hot Stocks08:28 EDT Medtronic: Q1 EPS guidance includes FX headwind of about 5c
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MDT | Hot Stocks08:22 EDT Medtronic: Procedure volumes in most markets reached pre-Covid levels by Q4E
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BBKCF | Hot Stocks08:19 EDT Bigg Digital Assets' Netcoins launches nine new digital assets - BIGG Digital Assets is pleased to announce the launch of 9 new coins on the platform: SAND, DAI, UNI, AAVE, MKR, GRT, CHZ, XTZ, and BAT. On March 24th, Netcoins received approval for an update to its restricted dealer license, which was requested in late 2021, enabling a broader offering of coins on the platform. These 9 coins represent the third rollout of our upcoming coin additions, with further rollouts expected to follow. With 31 listed coins, Netcoins is now among the leaders in Canada for its total offering.
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GTLB | Hot Stocks08:18 EDT Rookout joins GitLab's Alliance Partner Program - Rookout announced it has joined GitLab Inc.'s Alliance Partner Program as a Technology Partner. GitLab is The One DevOps Platform for software innovation. This strategic relationship delivers seamless debugging of source code hosted on GitLab repositorie
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MCHP | Hot Stocks08:17 EDT Microchip announces release of PIC32CM LS60 microcontroller - Microchip Technology announces the release of the industry's first microcontroller to combine a secure subsystem and Arm TrustZone technology in a single package. The PIC32CM LS60, which integrates Microchip's Trust Platform secure subsystem, makes it easier to develop end products using one microcontroller rather than two or more semiconductor chips. Now, designers can go to one trusted source to find a 32-bit MCU that is designed to protect products and the end user from remote or physical attacks on their smart home devices, smartphone or tablet accessories, portable medical devices, wearables, connected appliances and industrial robots.
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HEMP | Hot Stocks08:16 EDT Hemp, Inc. announces CBD-CBG-CBN Natural Sleep Aid Capsules available for sale - Hemp announced that its CBD-CBG-CBN Natural Sleep Aid Capsules are available for sale completing its Super Cannabinoids Sample Pack on the King of Hemp website. The Super Cannabinoid Sample Pack includes one bag of CBD-CBG-CBN Sleep Aid Capsules for sleeplessness; one bag of CBD-CBG Pain and Anxiety Relief Capsules; and, three 1 ml bottles of the CBD-CBG Super Tinctures. The company said, "Driven by the passion to keep innovating and offering exceptional wellness products, Hemp, Inc.'s blended CBD-CBG-CBN natural, effective Sleep Aid Capsules help you rest easy, fall asleep faster, and stay asleep longer. The added benefits of CBD and CBG improve the effectiveness of the CBN by reducing pain and helping to alleviate anxiety. The Pain and Anxiety Relief Capsules are formulated with 250mg of CBD and 83 mg of CBG. The Sleep Aid Capsules are formulated with 170 mg of CBD, 50 mg of CBG, and 24 mg of CBN. For those who want to amplify their health and wellness routines, these natural, effective, non-habit-forming capsules provide a convenient, more traditional form to effectively absorb the rich benefits of CBD, CBG, and CBN. The Super Tinctures are also very popular with our customers. Formulated with 10,000 mg of cannabinoid, the tinctures boast rapid absorption and bio-availability with 4 times the potency of most other hemp-derived tinctures on the market. Its high-quality ingredient combination has shown impressive results with excellent customer satisfaction."
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CVGI | Hot Stocks08:14 EDT Commercial Vehicle Group resumes production in Shanghai - CVG announced on Thursday that it has restarted operations at its Shanghai plant in China. In March, the company became one of thousands of manufacturers in the region that were forced to halt production as the result of restrictions aimed at stemming the spread of COVID-19. Production at the Shanghai plant resumed on May 20 at 50% capacity under a "closed-loop" system - where employees must receive a negative COVID test and then live on-site within the factory - to minimize the risk of spreading the virus within the city. CVG plans to continue ramping up production over the next few weeks in accordance with the local lifting of restrictions, led by Deputy Mayor of Shanghai Zong Ming, who has stated that the city hopes to fully open in June. The shutdown in March had immediate impact on CVG's OE seating customers in Asia and abroad, who were either facing similar manufacturing restrictions or unable to ship and receive products due to congestion in Shanghai's port, which is the largest port in the world. CVG responded quickly, moving to air shipping to limit supply chain disruptions for its customers. The company was recently able to reinstate ocean freight through both the Shanghai and Ningbo ports. CVG's local seat production in Asia includes the manufacturing of medium- and heavy-duty seating solutions for some of the region's largest vehicle manufacturers and represents an $80 million accretive business for the company. Globally, seat-part supply from Shanghai impacts $170 million worth of production for the company within the U.S., Mexico, UK, Thailand and Australia. In combination with the war in Ukraine which immediately impacted production at the company's facility in L'viv, CVG faced first-quarter interruptions that have continued into the second quarter. CVG is actively resolving these setbacks and expects second-half operations to be back to pre-war, pre-COVID status, barring any new unforeseen events.
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SAND ERLFF | Hot Stocks08:13 EDT Sandstorm Gold files early warning report Entree Resources - Sandstorm Gold (SAND) is divesting its approximately 25% stake in common shares of Entree Resources (ERLFF) to 1363013 B.C. Ltd., a wholly-owned subsidiary of Royalty North Partners. Sandstorm and RNP signed a letter of intent, as amended and restated on May 1, whereby Horizon Copper will acquire certain assets from Sandstorm, including 49,672,515 Entree Shares representing approximately 25.2% of the outstanding Entree Shares. Sandstorm and Horizon Copper have entered into a definitive agreement for the sale of its Entree Shares, for a deemed value of C$0.87 per Entree Share, in consideration for a promissory note in the principal amount of C$43.2M. The 49,672,515 Entree Shares represent approximately 25.2% of the outstanding Entree Shares or 25.7% of the outstanding Entree Shares. Upon completion of the Disposition, no Entree Shares and 1,200,000 Entree Warrants will be owned by Sandstorm. Subject to RNP obtaining the acceptance of the TSX Venture Exchange, the Disposition is expected to be completed on or about May 31. Sandstorm is proceeding with the Disposition for investment portfolio management purposes.
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EVBG | Hot Stocks08:12 EDT Everbridge stockholder Ancora calls for initiation of sales process - Ancora, a significant stockholder of Everbridge, issued the following statement regarding the certified voting results of the company's 2022 annual meeting of stockholders, which were filed with the U.S. Securities and Exchange Commission on May 25: "The fact that approximately 49% of stockholders who voted withheld support for Chairman Jaime Ellertson speaks volumes about the need for boardroom change and a new strategy for value creation at Everbridge. According to the certified results, stockholders also overwhelmingly voted against the re-election of Lead Independent Director Bruns Grayson, who chairs the Company's Nominating and Corporate Governance Committee. Given their apparent failures and misalignment with stockholders, as well as an inability to effectively develop a succession plan, we believe Mr. Ellertson, Mr. Grayson and Director Richard D'Amore should assume accountability for their failings and immediately resign from the Board of Directors. We feel stockholders sent a clear message to the Board this year that the status quo is unacceptable, and we hope this serves as a catalyst for a shake-up in the boardroom and a credible review of sale options. As we have repeatedly stated, we believe Everbridge is dramatically undervalued at current share price levels and contend a sale to a well-capitalized acquirer could deliver more than $70 per share.1 Having engaged with a large number of stockholders, we believe stockholders would strongly favor a sale of the business at the right price versus continuing to allow the Company to proceed with its standalone plan, which would expose stockholders to the continued risk of poor governance and subpar execution. One thing is evident: the current Board can no longer dismiss stockholder feedback and ignore acquirer interest. In light of this year's narrow vote and our strong belief that there is demonstrated acquirer interest in Everbridge, we expect the Board to thoroughly evaluate any bona fide sale offers for the Company."
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SATL | Hot Stocks08:11 EDT Satellogic launches four additional satellites on SpaceX Transporter-5 mission - Satellogic announced the launch of four additional satellites from Cape Canaveral Space Force Station. They were delivered to a sun-synchronous low-Earth orbit on SpaceX's Transporter-5 mission on May 25 onboard the Falcon 9 reusable, two-stage rocket, under SpaceX's Rideshare program. All four satellites have made contact with Satellogic's ground station network with good health reports. The successful launch increases the Company's fleet to 26 operational satellites, an important milestone keeping Satellogic on track to have 34 satellites in orbit by Q1 2023 and achieve up to seven daily revisits over points of interest. The four new spacecraft are the updated NewSats Mark IV model, which is more cost effective than its predecessor and has increased onboard storage as well as improvements to its propulsion and navigation systems. "Since 2020, we have doubled the size of our constellation and expect the significant expansion of our fleet to continue," stated Emiliano Kargieman, CEO and Co-Founder of Satellogic. "We are focused on growing the number of our satellites in orbit in order to make Earth Observation data more accessible and affordable to governments and organizations around the world."
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UBX ASMB | Hot Stocks08:11 EDT Unity Biotechnology appoints Michael Samar to board of directors - UNITY Biotechnology announced that Michael Samar, current chief financial officer at Assembly Bio, has been appointed to the Company's board of directors as its chair of the audit committee and a member of its compensation committee. Concurrent with Mr. Samar's appointment, Graham K. Cooper has stepped down from the board of directors.
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WTT | Hot Stocks08:10 EDT Wireless Telecom's Boonton introduces NGX1000 Programmable Noise Generator - Wireless Telecom Group announced that its Boonton brand has entered the noise generation market with the introduction of the NGX1000 Programmable Noise Generator, a new series of instruments that deliver a fast, simple way to add RF and microwave noise in communications system to test reliability, robustness, and performance - all packaged in a compact form factor for easy benchtop or rackmount use. The NGX1000 combines high-performance noise generation technology from Noisecom with the latest Boonton instrument platform that offers an easy-to-use modern interface, enabling flexible, programmable noise generation for broad use in the semiconductor, military, aerospace, satellite, medical, and communications industries.
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XELA G | Hot Stocks08:10 EDT Exela Technologies appoints Sriram Ramanathan as CTO - Exela Technologies announced that Sriram "Sri" Ramanathan has joined Exela as Chief Technology officer, reporting to Executive Chairman, Par Chadha. In his new role, Sri will focus on all aspects of product direction, solution strategy, and thought leadership in support of the thousands of Exela customers around the globe. He will collaborate closely with Exela's global leadership team as the Company continues to build out our technology products and SaaS-based solutions across our portfolio. Sri comes to Exela from Genpact, where he led the AI and engineering efforts for AI products.
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CGRN | Hot Stocks08:08 EDT Capstone Green Energy gets order for projects in Italy - Capstone Green Energy announced that IBT Connecting Energies GmbH exclusive distributor for Italy, has secured orders for two waste-to-energy projects in the Sardinia region of Italy. Three C65 microturbines will be deployed at two wastewater treatment facilities operated by Acciona Agua SA in Alghero and Cagliari, Italy. The microturbine systems are expected to be commissioned in December 2022. "We are pleased to see continued order flow out of the European region given the unprecedented macroeconomic conditions in their energy markets," said Darren Jamison, Chief Executive Officer of Capstone Green Energy. "This is a perfect example of how customers are reducing their dependence on fossil fuel sources for power generation through sustainable biogas to energy projects."
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SAND EQX | Hot Stocks08:08 EDT Sandstorm Gold and Equinox Gold launch Sandbox Royalties company - Sandstorm Gold (SAND) and Equinox Gold (EQX) announced the creation of Sandbox Royalties, a new diversified metals royalty company. Equinox Gold and Sandstorm have each entered into definitive purchase and sale agreements with Rosedale Resources whereby Rosedale will acquire a portfolio of royalties from Equinox Gold for consideration of $28.4M in common shares of Rosedale and from Sandstorm for consideration of $65M comprising $32.1M in common shares of Rosedale and $32.9M in a promissory note convertible into common shares of Rosedale. Upon closing, Rosedale intends to change its corporate name to Sandbox Royalties. Sandbox will have exposure to a range of resource royalties including gold, silver, copper, zinc, graphite and uranium, immediate cash flow from producing royalties. Sandbox will be led by Greg Smith as President and CEO. Sandstorm and Equinox Gold will hold a 34% and 30% basic interest, respectively, in Sandbox. Post-completion of the transaction, Sandbox intends to seek a public listing on a Canadian stock exchange. The transaction and the financing are expected to be completed by the end of June 2022 or such other date as the parties may agree, and closing will be subject to customary approvals and closing conditions.
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CTMX | Hot Stocks08:08 EDT CytomX Therapeutics doses first patient in Phase 1 study of CX-904 - CytomX Therapeutics announced that the first patient has been dosed in a Phase 1 dose-escalation study of CX-904. CX-904 is a conditionally activated T-cell-engaging bispecific designed to target the epidermal growth factor receptor on cancer cells and the CD3 receptor on T cells within the tumor microenvironment.
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MDT | Hot Stocks08:06 EDT Medtronic sees 'strong' improvement in 2H23, pipeline 'robust'
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BNGO | Hot Stocks08:06 EDT Bionano Genomics announces publicationof study using OGM - Bionano Genomics announced the publication of the first peer-reviewed research study using optical genome mapping to analyze genetic aberrations found in pediatric patients with acute myeloid leukemia. This research demonstrates the use of OGM to identify minimal residual disease markers and other novel variants that can impact therapeutic treatment and case management for pediatric AML patients. MRD markers can be followed over the course of treatment and used to determine whether treatment is working or whether the patient has relapsed. AML is the second most frequently diagnosed blood cancer in children. It is a remarkably complex disease, characterized by a wide spectrum of genome variations including structural variants. In the peer-reviewed study, published in Cancers, researchers at University Hospital Essen analyzed samples from 24 pediatric patients with AML using OGM and traditional methods including FISH and karyotyping to determine if OGM could provide an all-in-one methodological approach to identify relevant genetic aberrations that impact AML diagnosis and stratification into groups for treatment. In 70 percent of cases, significantly more SVs were detected using OGM than cytogenetic methods, and these SVs are believed to be highly relevant to the understanding of pathogenesis of AML. Additional findings of the study: 32 previously unknown aberrations discovered; 1 was a high-risk marker detected only by OGM. In 2 cases, OGM detected novel fusion partners of a gene known to play a role in hematopoiesis, thereby providing information on new MRD markers. The researchers also noted that OGM's high sensitivity has particular significance in cases where none of the previously known markers for PCR-based MRD monitoring could be identified, which is approximately 30% of pediatric AML in Germany, where the study was conducted.
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NVCR MRK | Hot Stocks08:05 EDT Novocure enters clinical trial collaboration agreement with Merck - Novocure (NVCR) announced it has entered into a clinical trial collaboration agreement with Merck (MRK), to study the use of Tumor Treating Fields, or TTFields, concomitant with MSD's anti-PD-1 therapy Keytruda for the treatment of patients with newly diagnosed glioblastoma. This is the second clinical collaboration between Novocure and MSD.
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WHG | Hot Stocks08:05 EDT Westwood Holdings Group to acquire Salient Partners' asset managment business - Westwood Holdings Group has entered into a definitive agreement with Salient Partners, pursuant to which Westwood will acquire Salient's asset management business. Salient is a real asset and alternative investment firm that offers a suite of strategies focused on energy and infrastructure, real estate and tactical alternative investments. The firm has $4.5 billion in assets under management. This strategic acquisition will increase Westwood's total AUM by 32% to $18.4 billion, providing pro forma specialization and scale across the combined company's Multi-Asset, Real Assets and Alternative Strategies. An investor presentation on this transaction will be available on Westwood's website, westwoodgroup.com. Westwood is acquiring Salient's four distinct investment capabilities, all of which bolster Westwood's growing Multi-Asset, Real Assets and Alternatives platform: Energy Infrastructure - A recognized leader and innovator in the MLP and Energy Infrastructure space, Salient's Energy Infrastructure team has worked together for over a decade and is highly regarded for its intellectual capital and thought leadership. Salient's Energy Infrastructure strategies total $2.5 billion in AUM and are available in the form of separately managed accounts, open-end mutual funds, a closed-end fund and private funds. Tactical Equity - With $1.4 billion in AUM, Salient's Liquid Alternatives strategies are highly scalable. Sub-advised by Broadmark Asset Management, the Tactical Equity strategies are offered in the form of mutual funds and separately managed accounts. Broadmark has compiled an exceptional 23-year track record successfully mitigating volatility, while seeking to produce above-average, risk-adjusted returns in all market environments with less downside volatility than the S&P 500 Index. Through this transaction, Westwood will also acquire a substantial minority ownership stake in Broadmark. Real Estate - Salient's Real Estate team has a respected legacy that stretches over two decades of offering differentiated approaches to investing in liquid real estate securities that are designed to deliver attractive current yield and appropriate risk-adjusted total returns. Salient's Real Estate strategies total $306 million in AUM and are available in the form of mutual funds and separately managed accounts. Private Investments - Salient also has substantial experience sourcing and raising assets for private investment vehicles across energy and real asset strategies. Current AUM in private investments totals $286 million. The investment and distribution capabilities of Westwood and Salient are highly complementary and are expected to enhance the combined organization's ability to provide attractive investment outcomes for a wide range of institutional, intermediary and wealth management clients. Salient brings strong product advocacy within top-tier intermediary platforms and access to several thousand individual financial advisor relationships. The opportunities provided by increased scale and product availability are expected to be quickly leveraged by an expanded distribution team to benefit our clients and investment teams. Westwood is acquiring Salient's asset management business for an upfront payment of $35 million on closing, with deferred payments of up to $25 million over several years, upon satisfaction of certain revenue retention and growth targets. The transaction is subject to customary closing conditions, including fund shareholder and other client approvals. The transaction is expected to close before the end of 2022 with significant immediate accretion to earnings. Westwood, Salient and Broadmark's strategies will continue under their existing fund names until close of the transaction and will be managed by the investment teams as they exist today, with the same stated investment objectives. Salient and Broadmark's strategies are expected to directly benefit from the additional risk and performance analysis that Westwood provides to its current investment processes. Under the terms of the transaction, Westwood will maintain its debt-free balance sheet and will fund the upfront consideration using cash on hand.
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MDT | Hot Stocks08:05 EDT Medtronic: Parts of quarter played out as anticipated, but unexpected challenges - Challenges were related to supply chain and China, were largest contributors to shortfall, says Chairman and CEO Geoff Martha. Assuming challenges will continue for next quarter or two. Comments taken from Q4 earnings conference call.
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BYRN | Hot Stocks08:04 EDT Byrna Technologies acquires the assets of Fox Labs for $2.17M - Byrna Technologies has acquired the assets of Fox Labs, which has been in business for more than 30 years and produces pepper spray, catering primarily to law enforcement and other security professionals. Byrna is acquiring substantially all the assets of Fox Labs for $2.17M from longtime owner and CEO, Ed Ferguson. Byrna intends to retain the Fox Labs brand. Along with the acquisition, Byrna is acquiring the rights to Sudecon, a pepper and tear gas neutralizing agent. Byrna plans to create its own line of Byrna branded sprays. As part of the acquisition strategy, Byrna hired David Happe to serve as President of the newly created Self-Defense Aerosol Spray division. Happe was the former Executive Vice President of Mace pepper spray and most recently was a consultant to Fox Labs. Happe, who joined the Byrna team on May 23, 2022, is responsible for global sales of both the Byrna and Fox Labs branded self-defense sprays.
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TMC | Hot Stocks08:03 EDT Metals Company publishes inaugural Impact Report - TMC released its first Impact Report detailing the Company's past, present and expected future ESG impacts, while providing insight into the drivers of its efforts to collect nodules from the CCZ including the global scramble to meet an estimated six-fold increase in the production of metals required for the energy transition. The report provides a forward-looking view of the impacts of TMC's expected operations and its efforts to reduce or eliminate these before a single nodule is commercially collected, in line with the Company's focus on creating a net-positive planetary impact. The report outlines the case for polymetallic nodules in the CCZ as an alternative, large-scale supply of potentially lower-impact nickel, cobalt, copper and manganese, as compared with terrestrial sources, and outlines the Company's goal of using nodule-derived metals to build up recyclable stocks of battery materials as the basis of a future circular metals economy.
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NVEE | Hot Stocks08:03 EDT Northeast utility selects NV5 Global for $35M LNG infrastructure upgrade - NV5 Global announced that it has been awarded a $25 million contract by a prominent Northeast utility to provide engineering, procurement, and installation of a new LNG vaporization system at the utility's plant. The new vaporization system will replace the existing system at the facility to increase storage capacity and reliability, while providing additional operational flexibility for the storage and delivery of natural gas to the utility's service area. The design phase of the 20-month project is underway, and final delivery of the new vaporization system is expected to be completed in the fourth quarter of 2023.
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CURLF | Hot Stocks08:02 EDT Curaleaf launches Endless Coast Cannabis-Infused Seltzers in Massachusetts - Curaleaf announced the launch of Endless Coast Cannabis-Infused Seltzers, a highly sociable line of low-calorie, low-sugar and low-carb beverages which will be available tomorrow at Curaleaf dispensaries in Massachusetts. Endless Coast will be available at dispensaries across Massachusetts as well as Curaleaf's four locations in Oxford, Ware, Hanover and Provincetown.
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AMCI DANOY | Hot Stocks07:55 EDT LanzaTech discovers method to produce sustainable PET bottles - A consortium, including LanzaTech and Danone, led to the discovery of a new route to monoethylene glycol, which is a key building block for polyethylene terephthalate, resin, fibers and bottles. The technology converts carbon emissions from steel mills or gasified waste biomass directly into MEG. The carbon capture technology uses a proprietary engineered bacterium to convert carbon emissions directly into MEG through fermentation, bypassing the need for an ethanol intermediate, and simplifying the MEG supply chain. The direct production of MEG was proven at laboratory scale and the presence of MEG was confirmed by two external laboratories. While there is no organism in nature known to produce MEG, through this proof-of-concept stage, LanzaTech has used Synthetic Biology and AI tools to discover multiple novel pathways to make MEG directly from carbon emissions. By combining and prototyping various sets of enzymes identified from different sources in novel ways, LanzaTech has successfully reprogrammed its ethanol producing bacteria to fix and channel carbon into MEG. This early-stage proof of concept work shows for the first time that it is possible for a bacterium to directly produce MEG from gas. By producing MEG directly, the new technology avoids the multiple processing steps required to convert ethanol into ethylene, then ethylene oxide and then to MEG. LanzaTech anticipates that when scaled successfully after a multiyear development phase, the direct production process will lead to PET bottles and PET fibers with a reduced environmental impact. LanzaTech is partnering with leading companies to improve the environmental impact of packaging. Given the success of this proof-of-concept phase, LanzaTech, with the support of Danone, plans to continue the scale-up phase of its direct-to-MEG technology.
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SEAT | Hot Stocks07:53 EDT Vivid Seats board authorizes $40M share repurchase program - Vivid Seats also announced that its Board of Directors has authorized the repurchase of up to $40 million of the Company's outstanding shares of its Class A Common Stock following the completion of the Offer and Consent Solicitation and until the end of March 2023. The Company intends to fund the share repurchase program with cash from operations and cash on hand. No share repurchases will be made under the share repurchase program until the Offer is complete.
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SEAT | Hot Stocks07:53 EDT Vivid Seats announces exchange offer, consent solicitation - Vivid Seats announced that it has commenced an exchange offer and consent solicitation relating to its outstanding public warrants to purchase shares of its Class A common stock, par value $0.0001 per share. The purpose of the Offer and Consent Solicitation is to simplify the Company's capital structure and reduce the potential dilutive impact of the warrants, thereby providing the Company with more flexibility for financing its operations in the future. Vivid Seats also announced that its Board of Directors has authorized the repurchase of up to $40 million of the Company's outstanding shares of its Class A Common Stock following the completion of the Offer and Consent Solicitation and until the end of March 2023. The Company intends to fund the share repurchase program with cash from operations and cash on hand. No share repurchases will be made under the share repurchase program until the Offer is complete. The Company is offering to all holders of its public warrants the opportunity to receive 0.240 shares of Class A Common Stock in exchange for each outstanding public warrant tendered by the holder and exchanged pursuant to the Offer. Pursuant to the Offer, the Company is offering up to an aggregate of 4,351,864 shares of its Class A Common Stock in exchange for the public warrants. Concurrently with the Offer, the Company is also soliciting consents from holders of the public warrants to amend the warrant agreement that governs all of the public warrants to permit the Company to require that each public warrant that is outstanding upon the closing of the Offer be converted into 0.213 shares of Class A Common Stock, which is a ratio 12.7% less than the exchange ratio applicable to the Offer. Pursuant to the terms of the Warrant Agreement, all except certain specified modifications or amendments require the vote or written consent of holders of at least 65% of the outstanding public warrants. Accordingly, the adoption of the Warrant Amendment will require the consent of holders of at least 65% of the outstanding public warrants. Eldridge Industries, LLC, which holds approximately 28.5% of the outstanding public warrants, has agreed to tender its public warrants in the Offer and to consent to the Warrant Amendment in the Consent Solicitation pursuant to a tender and support agreement. Accordingly, if holders of an additional approximately 36.5% of the outstanding public warrants consent to the Warrant Amendment in the Consent Solicitation, and the other conditions of the Offer are satisfied or waived, then the Warrant Amendment will be adopted. The offering period will continue until 11:59 p.m., Eastern Daylight Time, on June 29, 2022, or such later time and date to which the Company may extend, as described in the Company's Schedule TO and Prospectus/Offer to Exchange. Tendered warrants may be withdrawn by holders at any time prior to the Expiration Date. The Offer and Consent Solicitation are being made pursuant to a Prospectus/Offer to Exchange dated May 26, 2022, and Schedule TO, dated May 26, 2022, each of which have been filed with the U.S. Securities and Exchange Commission and more fully set forth the terms and conditions of the Offer and Consent Solicitation. The Company's Class A Common Stock and public warrants are listed on The Nasdaq Global Select Market under the symbols "SEAT" and "SEATW," respectively. As of May 23, 2022, a total of 18,132,766 public warrants were outstanding.
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DPRO | Hot Stocks07:51 EDT Draganfly to be featured at 2022 Texas Emergency Management Conference - Draganfly is pleased to announce that the Company will be featured at the 2022 Texas Emergency Management Conference. The conference is taking place at the Henry B. Gonzalez Convention Center in San Antonio, Texas from May 31-June 3, 2022. The Texas Emergency Management Conference connects thousands of elected officials, first responders, emergency managers and decision-makers from across the U.S. Attendees are able to participate in key workshops and check out innovative products and services from a variety of established organizations. At booth #225, Draganfly will showcase its Drone as First Responder, Medical Response and Search and Rescue Drone platforms as well as its Vital Intelligence technology. The Company will highlight the equipment and capabilities of the platforms and provide more information about its new Heavy Lift Drone and LiDAR system.
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GDBYF | Hot Stocks07:47 EDT Goodbody Health announces launch of core health diagnostic check - Goodbody Health has launched its core UK Health check which offers a comprehensive summary of a person's health. Keenly priced at GBP99, this new test includes innovative in-clinic diabetes and cholesterol tests, with results finalised in minutes. These tests determine a person's risk for developing cardiac health problems or diabetes over the next 10 years. Consistent with our value of 'Know More - Live Better", knowing more about one's current wellness empowers the individual to take better control of their health.
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GMINF | Hot Stocks07:45 EDT G Mining Ventures provides Tocantinzinho project development update - G Mining Ventures is pleased to provide an update on key developments on its 100% owned Tocantinzinho Gold Project. Additionally, GMIN is pleased to announce the appointment of key staff members as the Corporation looks to execute on its objective of advancing the Project towards a construction decision in H2-22. Louis-Pierre Gignac, President & Chief Executive Officer, commented: "GMIN is advancing the TZ project with a comprehensive early works program, including commencement of detailed engineering, the start of early-stage construction activities including upgrades to the camp and to the surrounding infrastructure, procurement of long lead items, establishment of a logistics base, and planning for access road improvements. We are very pleased to add a number of talented and experienced staff to the GMIN team, many of the individuals being familiar faces from past projects. We have assembled an exceptional team to continue the advancement of TZ into one of the biggest primary gold mines in Brazil, with commercial production targeted to commence in the second half of 2024." Tocantinzinho Development Update: Since the release of the TZ Feasibility Study the Corporation has advanced development of the TZ project on several fronts. Health & Safety: Year to date, a total of 71,060 hours has been worked without any lost time incident. The health and safety of employees, contractors and other stakeholders is at the forefront of the Corporation's values and objectives. Labor Agreement: GMIN has agreed in-principle to a new collective bargaining agreement with the local mining union, Sindicato dos Trabalhadores nas Industrias de Extracao e Beneficiamento de Minerios Ferrosos e nao Ferrosos dos Estados do Amapa e Para. The agreement will take effect on August 1st, has a term of two years, and is intended to cover the construction phase as well as the initial phase of operation. The agreement will enable the implementation of a 2 week-on / 2 week-off roster schedule for the Project, and establishes the details of the benefits packages. Human Resources and Employee Training: The team has grown and expanded with the increased level of activity on site. At the time of the TZ acquisition, the Project team had 15 employees, which has now grown to 42, with the additional hirings focused on Supply Chain, Human Resources, Environment, and Health & Safety. Job fairs were held in our neighboring communities of Itaituba, Moraes Almeida and Novo Progresso that resulted in exceptional turnouts, with over 500 resumes collected, and hundreds of first interviews conducted. Execution Strategy - The "Self-Perform" Approach: Project execution will be through the G Mining Services "Self-Perform" approach, an integrated team strategy that provides an overall lower risk approach, and allows for better site coordination, initiative on potential cost and schedule efficiencies and, ultimately, better project delivery and transition to operations. GMIN will not seek a fixed price Engineering, Procurement and Construction Management contract for the Project's mill and major facilities. Whereas EPCM providers may outsource and manage multiple sub-contractors, GMIN will execute the project in-house. By fully controlling logistics, directly purchasing equipment, and directly hiring labor, the approach will help keep project teams focused and overhead costs minimal, particularly through the elimination of costly "scope changes".
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CMRE | Hot Stocks07:43 EDT Costamare announces closing of $500M syndicated loan facility - Costamare announces the closing of a 5-year syndicated loan facility for an amount of up to $500 million. Proceeds from the loan will be used to refinance the existing indebtedness of 17 containerships with an average age of 14 years and for general corporate purposes. The original maturity of the existing indebtedness for 16 out of 17 vessels would have occurred prior to the maturity of the new syndicated facility. The facility was significantly oversubscribed. Full drawdown of the facility is expected to be concluded by the end of Q2 2022.
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AMAT | Hot Stocks07:42 EDT Applied Materials introduces new Ioniq PVD System - Applied Materials introduced a new system that re-engineers the deposition of transistor wiring to significantly reduce electrical resistance, which has become a critical bottleneck to further improvements in chip performance and power. The Ioniq PVD system is an Integrated Materials Solution that includes surface preparation along with PVD and CVD processes in a single, high-vacuum system. Ioniq PVD enables chipmakers to replace the high-resistance liner and barrier layers, typically made of titanium nitride, with a pure, low-resistance PVD tungsten film which is then combined with CVD tungsten to create a pure tungsten metal contact. The solution solves the resistance challenges and enables 2D scaling to continue to the 3nm node and beyond.
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MGDPF | Hot Stocks07:41 EDT Marathon Gold announces filing of draft EA Report for Valentine Gold Project - Marathon Gold is pleased to announce that a draft Environmental Assessment Report has been filed by the Impact Assessment Agency of Canada for the Valentine Gold Project. The draft EA Report, and accompanying draft conditions for EA release, will be available for 30 days for public review and comment. At the conclusion of this period, the Minister of Environment and Climate Change Canada will be in a position to make a Decision Statement on the acceptability of the Project for development. A positive Decision Statement will mark the completion of the federal EA. A parallel provincial EA concluded successfully on March 17, 2022, with approval of the Project by the Cabinet of the Government of Newfoundland and Labrador. Of note, the draft EA Report concludes that the Project is not likely to cause significant adverse environmental effects, taking into account the implementation of appropriate mitigation measures. The Minister's agreement with this finding will mean that the Minister is able to make a Decision Statement without reference to the federal Cabinet.
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OPGN | Hot Stocks07:38 EDT OpGen announces publication of results from study using Unyvero HPN panel - OpGen announced the release of a new peer-reviewed journal publication from a major investigator-initiated, multicenter, randomized, controlled and interventional trial conducted at two tertiary care centers in Switzerland. The trial demonstrates that using Unyvero HPN panel in hospitalized pneumonia patients for the examination of bronchoalveolar lavage in combination with antibiotic stewardship decreases the duration of inappropriate antibiotic therapy of hospitalized patients with pneumonia at risk for Gram-negative bacteria and supports antibiotic de-escalation in 66% of patients. In this publication titled "Fast multiplex bacterial PCR of bronchoalveolar lavage for antibiotic stewardship in hospitalized patients with pneumonia at risk of Gram-negative bacterial infection : a multicentre, randomized controlled trial," the authors assessed the clinical utility and impact of the Unyvero panel in hospitalized adult patients with suspicion of pneumonia, a clinical indication for bronchoscopy and at risk for infection with Gram-negative bacteria. The primary study endpoint was duration of inappropriate antibiotic therapy defined as the time in hours on inappropriate antibiotic therapy from bronchoscopy to discharge or up to 30 days after bronchoscopy. Secondary endpoints were time to clinical stability, length of hospital stay in days, mortality within 30 days, adverse events, and diagnostic performance of the Unyvero panel assessed for BAL compared with conventional microbiological testing. A total of 740 patients with pneumonia were screened; 208 eligible patients were randomized of whom 100 were assigned to the intervention group; in this intervention group, the BAL specimen was analyzed by conventional culture as well as determination of Gram-negative bacteria using the Unyvero HPN panel; the other 108 patients were randomized to the control group where the BAL sample was analyzed solely by conventional microbiology culture. The Unyvero results for Gram-negative bacteria were disclosed to the attending physician treating the patients in the intervention group approximately 5 hours after bronchoscopy. Several key findings emerged: The duration of inappropriate antibiotic treatment was decreased by 39 hours in the PCR group; Unyvero reduced the duration of inappropriate antibiotic therapy to 47 hours, pless than0.0001. The low P-value suggests a high statistical significance of this result. Inappropriate antibiotic therapy was reduced by 45% in the Unyvero group. The overall duration of antibiotic therapy was 22.5% shorter in the Unyvero group. Patients treated in the Unyvero group had a three times higher probability of appropriate antibiotic therapy. A reduction in the use of broad-spectrum antibiotics or decreasing the amount of antibiotics in the Unyvero group did not have any adverse effects on clinical stability, ICU admission, hospital readmission or 30-day mortality, compared to the control group. Gram-negative bacteria in BAL were detected more commonly by Unyvero than conventional microbiological culture in 39 patients vs. in 30 patients, respectively. On diagnostic performance, the authors commented that "the accuracy of bacterial PCR is usually measured using culture as the reference standard, although microbiological culture is far from being an optimal gold standard due to its diagnostic performance." In this study, they showed that Unyvero has a higher sensitivity than conventional microbiological culture when clinical syndrome or imaging is used as the reference standard. The authors concluded that "this study is the first multicenter, randomized controlled trial showing that results from a multiplex bacterial PCR panel of bronchoalveolar lavage incorporated into antibiotic stewardship translate into less inappropriate antibiotic therapy. Accordingly, the duration of inappropriate antibiotic therapy was reduced in the PCR group with no compromise in clinical outcomes, including time to clinical stability, length of stay in the hospital, and mortality."
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DOCRF | Hot Stocks07:36 EDT CloudMD launches Kii Personalized & Connected Care - CloudMD Software & Services is excited to announce the launch of Kii Personalized & Connected Care by CloudMD, the new brand identity for its integrated, health services offering. Kii, is the company's flagship offering which integrates several of its best-in-class technologies and services into one exceptional, connected, and personalized experience for employees that will continue to disrupt the traditional employer healthcare industry. Kii is focused on personalizing care by taking a whole-person approach with an emphasis on continuity of care across mental, physical and workplace safety. Over the last 6 months, the CloudMD team has been working to develop the new Kii brand identity and positioning for its integrated platform, which has already seen successful adoption in the marketplace. The new Kii brand reflects a brand purpose of empowering individuals to take control of their health and plays off the word "key" ie. "Holding the key to your health". The essence of the brand is meant to embody caring, the whole body, trust, and connectivity. The Kii brand promise is to provide connected care, which is the key enabler to an individual's health and wellbeing and ability to thrive.
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PSN | Hot Stocks07:35 EDT Parsons awarded contract for AI-based smart mobility system - Parsons Corporation announced that the company was selected by the Niagara International Transportation Technology Coalition to provide an innovative artificial intelligence based regional border transportation management system that will expedite the movement of goods and people around the Buffalo-Niagara bi-national region in Western New York State and Southern Ontario. This new contract includes the design, development, implementation, and maintenance of a multi-agency, technology-enabled, integrated, advanced transportation management system. The system will further advance NITTEC's goal of safe and efficient regional transportation by reducing person-hours of delay, improving environmental sustainability, and enhancing safety through the sharing of information across agencies in the Buffalo-Niagara region.
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ONEXF ARES | Hot Stocks07:33 EDT Ryan to receive investments from Onex, Ares Management - Rya and Onex Corporation (ONEXF) announced a private equity fund managed by Ares Management Corporation (ARES) has committed to acquiring a significant minority equity interest in Ryan, valuing the Company at $2.5 billion. The investment was made in partnership with Ryan's management team and the Company's existing investor Onex Partners, Onex' flagship private equity platform, who will retain a significant minority equity interest in Ryan. This combined partnership will drive the next stage of growth for the Company. Headquartered in Dallas, Texas, Ryan is a leading global tax services and software provider with an integrated suite of federal, state, local, and international tax services, and is the largest firm in the world dedicated exclusively to business taxes. Its multidisciplinary team of more than 3,500 professionals and associates serves over 18,000 clients in more than 60 countries, including many of the world's most prominent companies. The transaction is expected to close in the third quarter of 2022, subject to customary closing conditions.
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ELY | Hot Stocks07:32 EDT Callaway Golf announces new $100M stock repurchase program - Callaway Golf has authorized the company to repurchase up to $100M of the company's common stock in open market or in private transactions. The company will assess market conditions, buying opportunities and other factors from time to time and will make strategic repurchases as appropriate. The repurchase program does not require the company to acquire a specific number of shares and it will remain in effect until completed or until terminated by the Board of Directors.
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EKSO | Hot Stocks07:31 EDT Ekso Bionics appoints Jerome Wong as interim CFO - Ekso Bionics Holdings announced the appointment of Jerome Wong as Interim CFO following the departure of current CFO Jack Glenn. Mr. Glenn resigned effective June 17, 2022 to pursue a new position at another public company. Mr. Glenn's resignation is not the result of any dispute or disagreement with the Company including any matters relating to the Company's accounting practices or financial reporting. Wong, 48, has served as the Company's Controller since May 2017 and brings more than 20 years of experience in finance, accounting and strategy to this role, focusing on high and medical technology and life sciences in public companies.
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LIACF | Hot Stocks07:31 EDT American Lithium secures additional private water rights for operations at TLC - American Lithium announced that it has reached an agreement with certain arms-length vendors to acquire 431 acres of privately-held agricultural lands, along with the accompanying 1,468 acre-feet of water rights, in the Big Smoky Valley near Tonopah, Nevada, close to the Company's Tonopah Lithium Claims. Pursuant to the terms of the agreement, the Company will pay the Vendors a total of US $3,125,000 on closing. Closing is expected to occur shortly following completion of a standard escrow in order to verify title rights. This latest agreement follows an earlier purchase in 2020 of a nearby 326-acre private ranch, also in Big Smoky Valley, which provides American Lithium with access to 1,110 acre-feet of water rights. The outright ownership of both properties will provide close to 2,500 acre-feet of combined water rights which should provide sufficient water for at least the initial phases of any future production at TLC and a strong base for any future expansion phases. The water can be transported by buried pipe-line to TLC utilizing existing public access routes. The water rights acquired with the land purchase may also be transferred throughout the basin including to the TLC site via intra-basin transfer.
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WETF | Hot Stocks07:29 EDT WisdomTree enters cooperation agreement with ETFS Capital, Lion Point - WisdomTree Investments announced that it has entered into a cooperation agreement with stockholders ETFS Capital Limited and Lion Point Capital to further enhance the composition of the Company's Board of Directors and corporate governance. Pursuant to the cooperation agreement and consistent with the Company's ongoing process of Board refreshment, the size of the Board will be increased to nine members, and two new independent directors, Lynn Blake and Deborah Fuhr, will be appointed to the Board, effective immediately. After conducting further interviews with Ms. Fuhr and gaining a better understanding of her other commitments, the Board is now satisfied that they do not prevent her from serving as a WisdomTree director. Ms. Blake will join the Compensation Committee, and Ms. Fuhr will join the Nominating and Governance Committee of the Board. The two new directors also will join a newly formed four-member Operations and Strategy Committee. This committee will help to evaluate operational improvement opportunities and Company strategy. Smita Conjeevaram, an independent director, will serve as Chair of the Operations and Strategy Committee, and independent director Anthony Bossone will also serve on the committee. Additionally, the Company has determined to seek stockholder approval at its upcoming 2022 Annual Meeting of Stockholders to declassify the Board. If stockholder approval is obtained, the Board will begin the declassification process at the 2022 Annual Meeting and will be de-classified fully in 2024. Pursuant to the cooperation agreement, the Company also announced that it will terminate the stockholder rights plan adopted in March 2022, effective June 2, 2022. The Company also announced that, separate from this cooperation agreement, independent director Harold Singleton III will join the WisdomTree Audit Committee, effective immediately. ETFSC is the largest stockholder in WisdomTree, owning approximately 18.6% of the Company's voting and non-voting common stock and preferred shares combined, and Lion Point is one of WisdomTree's top stockholders owning approximately 3.1% of the voting shares. Under the terms of the cooperation agreement, ETFSC and Lion Point have agreed to withdraw their slate of nominees and vote their shares in favor of all the Board's nominees and support all Board recommended proposals at the 2022 Annual Meeting, subject to certain limited exceptions. ETFSC and Lion Point also have agreed to abide by customary standstill provisions and voting commitments.
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VISL | Hot Stocks07:26 EDT Vislink showcases 5G technology at UK sporting event - Vislink delivered private network 5G technology at a sporting event in the UK which showcased the potential of 5G in broadcast. The Vislink and Mobile Viewpoint deployment heralds a further revolution in remote production workflows by bringing bi-directional IP connectivity right to the edge and delivering operational efficiencies for broadcasters by enabling virtualized production in the cloud. Vislink's innovations were on display at the Gallagher Premiership Rugby match between Saracens and the Northampton Saints at StoneX Stadium in London, where it proudly supported a BT-led project to highlight the potential for 5G in broadcast contributions, which centred on the connection of the matchday cameras to a standalone private 5G network. These cameras' output then formed part of the live BT Sport coverage of the match in a UK first - never before have key matchday cameras, as part of a customer broadcast, been enabled in this way. BT Media & Broadcast and BT Sport led the project with support from Broadcast RF, the University of Strathclyde and Neutral Wireless. Throughout the duration of the rugby match, broadcast live on BT Sport, Vislink deployed private network 5G transmitters alongside COFDM technology to demonstrate how 5G technology is evolving to deliver guaranteed quality, low latency video from wireless cameras to give immersive up-close camera shots of the sporting drama and get viewers right to the heart of the action.
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TLRY | Hot Stocks07:25 EDT Tilray launches CBD brand Pollen on Amazon UK - Tilray Brands announced the launch of POLLEN, a CBD lifestyle brand with a new approach to wellness, on Amazon UK. The company said, "Designed to help uncomplicate wellness routines and elevate the CBD experience for consumers, POLLEN offers a unique product mix of tasty CBD gummies and drink drops in three signature lines; 'Powerbank' to promote a natural energy boost, 'No Pressure' to soften the pressure of everyday stresses and restore your body's natural bounce, and 'Soothe You' for mind and body balance. Each POLLEN product is formulated with CBD and a range of flavorful and vegan-friendly ingredients that simply taste and feel good." POLLEN CBD Gummies offer 300mg of CBD per pack and are independently tested for an accurate dosage every time. All POLLEN products are plant-based, pesticide-free, vegan-friendly.
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BITF | Hot Stocks07:24 EDT Bitfarms to host Analyst, Institutional Investor Day on June 22 - Bitfarms will host an Analyst and Institutional Investor Day on June 22, 2022, both online and in-person in Montreal. The webcast portion of the event will begin at 8:00 AM ET and wrap up around 9:15 AM ET. In-person attendees will then embark on a tour of Bitfarms' largest state-of-the-art facilities, The Bunker and Leger. The excursion will end by 4:00 PM ET with attendees dropped off at the airport. Founder and Executive Chairman Nicolas Bonta and Founder and CEO Emiliano Grodzki will kick off the event and introduce the senior management team. President and Chief Operating Officer Geoff Morphy will lead the presentations by the individual managers followed by an interactive Q&A session.
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NRIX | Hot Stocks07:23 EDT Nurix Therapeutics initiates first of Phase 1b expansion cohorts for NX-2127 - Nurix announced that it has initiated the first of several potential Phase 1b expansion cohorts in its ongoing Phase 1 trial of NX-2127, an orally administered degrader of Bruton's tyrosine kinase with immunomodulatory activity. The first expansion cohorts will focus on patients with chronic lymphocytic leukemia. The expansion into CLL is based on recent positive data from Nurix's ongoing Phase 1a dose escalation study of NX-2127, including: Meaningful clinical benefit including multiple confirmed responses by IWCLL criteria observed in highly pre-treated relapsed/refractory CLL patients with a median of 6 prior therapies; Clinical responses in patients with BTK mutations that confer resistance to current BTK targeted therapies including both covalent and noncovalent BTK inhibitors; All patients show robust and durable BTK degradation; All patients show Immunomodulatory activity mediated through the E3 ligase cereblon; Overall biologic activity in all patients at the 100 mg dose with a favorable safety profile.The Phase 1b expansion cohorts will include up to 40 CLL patients enrolled across multiple clinical sites in the United States. Patients will have received two or more prior regimens including a BTK inhibitor. All patients will be dosed at 100 mg orally once daily. The Phase 1a dose escalation portion of the trial will continue to enroll non-CLL patients at doses ranging from 50mg to 300mg orally once daily. Nurix will host a research & development day for analysts and investors that will be held today May 26, 2022 from 8:00 a.m. to 11:00 a.m. ET in New York City. The R&D Day will feature a presentation by guest speaker, Anthony Mato, M.D., MSCE, director of the chronic lymphocytic leukemia Program at Memorial Sloan Kettering Cancer Center, who will provide a perspective on the clinical experience and unmet need in hematologic malignancies. The event will include presentations from Nurix's management team, who will provide a comprehensive update on Nurix's four clinical programs, DELigase discovery platform and future development plans.
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VRNOF | Hot Stocks07:21 EDT Verano Holdings announces opening of Zen Leaf Westover - Verano Holdings announced the opening of Zen Leaf Westover, the Company's second in West Virginia dispensary and 99th location nationwide, on Friday, May 27. Zen Leaf Westover, located at 871 Fairmont Road, is open Wednesday through Saturday from 11:00 a.m. to 7:00 p.m. and 10:00 a.m. to 4:00 p.m. on Sunday, local time. Zen Leaf Westover is located in Monongalia County, the third largest county in West Virginia, with a population of over 106,0002. The dispensary is conveniently located just over one mile from the Morgantown Mall and two miles from West Virginia University, which has a population of nearly 26,000 students. Across West Virginia, Verano has permits issued by West Virginia's Office of Medical Cannabis to operate a cultivation and processing facility, along with seven total medical cannabis dispensaries that are projected to continue to open throughout 2022, subject to customary approvals.
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CROJF | Hot Stocks07:21 EDT Marimaca Copper announces results from annual general, special meeting - Marimaca Copper is pleased to report that all of its incumbent directors were re-elected at its annual general meeting of shareholders, held virtually via webcast on Wednesday 25, 2022. At the Meeting, shareholders also authorized the Company to appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and authorize the board of directors of the Company to determine the remuneration to be paid to the auditors and authorized the Company to implement a warrant early exercise incentive program, as more particularly described in the Company's management information circular dated April 28, 2022 and filed under the Company's SEDAR profile at www.sedar.com. In accordance with the requirements of the Toronto Stock Exchange, the Warrant Early Exercise Incentive Program was approved by a majority of "disinterested shareholders", being shareholders of the Company who do not also hold Warrants. The Company sought approval for the Warrant Early Exercise Program in order to provide the Company with a mechanism to provide an incentive for the early exercise of its common share purchase warrants The Company currently has 11,069,054 Warrants issued and outstanding, each of which entitles the holder to acquire one common share of the Company for an exercise price of $4.10 per share at any time up to and including December 3, 2022.
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APD | Hot Stocks07:17 EDT Air Products, OQ and ACWA Power to co-develop ammonia facility in Oman - Air Products, Oman's integrated energy group OQ, and ACWA Power signed a joint development agreement toward a multibillion-dollar investment in a world-scale green hydrogen-based ammonia production facility powered by renewable energy in Oman. The JDA signing follows a memorandum of understanding signed in December 2021. The joint venture project would be based on proven, world-class technology and include: the innovative integration of renewable power from solar, wind and storage; production of hydrogen by electrolysis; production of nitrogen by air separation; and production of green ammonia. It is anticipated that the green hydrogen-based ammonia production facility would be equally owned by the project partners.
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BLD | Hot Stocks07:17 EDT TopBuild to host 2022 Investor Day - TopBuild Corp. will host an in-person, invitation-only Investor Day in New York City today, Thursday, May 26, 2022 starting at 8:00 a.m. Eastern Time. The event is expected to conclude at approximately 12:00 p.m. Robert Buck, President and Chief Executive Officer, Rob Kuhns, Chief Financial Officer, and other members of the senior management team will provide an in-depth review of the Company's business drivers and long-term growth strategies, including innovative products and technology, sustainability focus and capital allocation. In addition, the Company is introducing 2025 financial objectives. During the event, there will be an opportunity for both live and webcast attendees to ask questions during two Q&A sessions.
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SLSSF | Hot Stocks07:16 EDT Solaris Resources reports assay results from Warintza Project - Solaris Resources is pleased to report assay results from a series of holes aimed at upgrading and growing mineral resources at its Warintza Project in southeastern Ecuador. Northeast Extension: SLS-57 was collared at the northeastern limit of the Warintza Central grid and drilled northeast into an entirely open volume, returning 230m of 0.73% CuEq from 56m depth within a broader interval of 926m of 0.61% CuEq from surface, extending the zone 200m to the northeast where it remains open. Additional drilling aimed at expanding the zone to the north from this platform and broadening the zone with holes from the platform located 200m to the west where SLS-48 returned 100m of 1.64% CuEq from 50m depth within 852m of 0.56% CuEq have been completed with assays pending. The Northeast Extension zone is characterized by near surface, high-grade mineralization, and represents a priority target for growth of the 'Indicative Starter Pit' recently estimated at 180 Mt at 0.82% CuEq1 and 107 Mt at 0.73% CuEq1 within the Warintza Mineral Resource Estimate. Warintza Central: A limited program of follow-up drilling at Warintza Central within the MRE envelope is aimed at upgrading targeted volumes that the geological model predicts hold potential for higher grades than the MRE reflects, as well as increasing the confidence of mineral resources in the Inferred category. SLS-56 was collared from the southeastern portion of the grid and drilled east, returning 102m of 0.90% CuEq from 48m depth within a broader interval aimed at adding definition to the southern portion of the overlap between the Warintza Central and Warintza East deposits. SLS-60 was collared from the central portion of the grid and drilled south, returning 154m of 0.90% CuEq from 70m depth within a broader interval of 829m of 0.58% CuEq from 44m depth. SLS-61 was collared from the south-central portion of the grid and drilled southwest, returning 930m of 0.77% CuEq from surface, successfully infilling data in this area. SLS-58 was collared from the south-central portion of the grid and drilled northeast into an area that the exploration model predicted could be upgraded, and successfully returned 741m of 0.62% CuEq from 102m depth, improving on the grade modelled in this volume. SLS-59 was collared from the southwestern portion of the grid and drilled northeast, returning 238m of 0.85% CuEq from near surface within a broader interval of 511m of 0.73% CuEq from surface. Mr. Jorge Fierro, Vice President, Exploration, commented: "Ongoing follow-up drilling from existing and newly constructed platforms aims to expand on the Northeast Extension zone and grow the high-grade indicative starter pit, while also targeting areas within Warintza Central where resource classification can be upgraded with targeted drilling. In addition, we have completed a considerable amount of drilling from our recent Warintza East discovery targeting major growth with assays pending."
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BABA | Hot Stocks07:16 EDT Alibaba comments on COVID-19 resurgence in China - The company said, "Since mid-March 2022, our domestic businesses have been significantly affected by the COVID-19 resurgence in China, particularly in Shanghai. Considering the risks and uncertainties arising from COVID-19, which we are not able to control and are difficult for us to predict, we believe it is prudent at this time not to give financial guidance as we typically do at the start of the fiscal year. However, we believe our Company will continue to generate strong operating cash flow to maintain strategic flexibility as we calibrate our operations against changing economic and competitive circumstances. In fiscal year 2023, our operating principles include focusing on sustainable, high-quality revenue growth and optimizing our cost structure to enhance overall return."
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APTS | Hot Stocks07:14 EDT Preferred Apartment's acquisition by Blackstone recommended by ISS - Preferred Apartment announced that independent proxy advisory firm Institutional Shareholder Services - ISS - has recommended that stockholders vote "for" the previously announced all-cash acquisition of PAC by Blackstone Real Estate - BREIT - at PAC's upcoming Special Meeting of Stockholders scheduled for June 7 at 9:00 a.m., ET. PAC and affiliates of BREIT have entered into a definitive merger agreement pursuant to which BREIT has agreed to acquire PAC for $25.00 per share of common stock. The proposed acquisition is expected to be completed on or about June 9, subject to approval by PAC's common stockholders and the satisfaction or waiver of other customary closing conditions. All PAC stockholders of record as of the close of business on April 11 are entitled to vote.
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AXLA | Hot Stocks07:12 EDT Axcella done enrolling of trial for long COVID and prioritize portfolio - Axcella Therapeutics announced that it has prioritized its clinical development portfolio after rapid enrollment for its Phase 2a clinical trial in Long COVID. The company affirmed topline data readout for its Phase 2a Long COVID trial in early Q3 2022 and interim data readout for NASH in late Q3 2022. The company is suspending its Phase 2 clinical trial in OHE, Overt Hepatic Encephalopathy, while exploring potential partnership for the program. Patient enrollment is complete in the prospective, placebo controlled, randomized trial conducted at the John Radcliffe Hospital at Oxford University in England. Lead researcher Dr. Betty Raman, British Heart Foundation Oxford Centre of Research Excellence Clinical Transition Intermediate Fellow, said, "We have completed enrollment of the forty patients for this integral study on schedule. We look forward to sharing the results of the trial given the ever growing patient need for a product to address Long COVID fatigue." "Achieving completion of enrollment is a significant milestone in the development path of AXA1125 as a potential treatment for Long COVID, a large and growing consequence of the global pandemic," said Margaret Koziel, M.D., Chief Medical Officer at Axcella. "We believe mitochondrial dysfunction is a key driver of Long Covid induced fatigue. Preclinical and clinical data indicate that AXA1125 may have an important impact."
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BRC | Hot Stocks07:11 EDT Brady board authorizes $100M share buyback program - Prior to May 24, 2022, the Company completed its previously authorized share repurchase program. On May 24, 2022, Brady's Board of Directors authorized an additional $100 million of Class A Common Stock for repurchase under the Company's share buyback program. The share buyback plan may be implemented from time to time in the open market or in privately negotiated transactions and has no expiration date.
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BURL | Hot Stocks07:10 EDT Burlington Stores drops 8% to $144.00 after Q1 results, guidance miss estimates
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DG | Hot Stocks07:09 EDT Dollar General jumps 10% to $213.90 after Q1 results beat estimates
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ENB | Hot Stocks07:09 EDT Enbridge advances construction of natural gas pipeline for Venture Global - Enbridge announced the advancement of its Venice Extension Project and Gator Express Meter Project to deliver 1.5 billion cubic feet per day of natural gas to Venture Global's Plaquemines LNG facility located in Plaquemines Parish, LA. The Projects generally will involve 36-inch diameter pipe, metering, and compressor station additions and improvements. The Gator Express Meter Project is expected to be in service in 2023 and Venice Extension Project is expected to be in service in 2024, with an estimated cost for both projects of $400M, which is underpinned by long-term take or pay contracts.
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AVGO VMW | Hot Stocks07:06 EDT Broadcom deal for VMware provides for 'go-shop' provision - Broadcom (AVGO) and VMware (VMW) announced an agreement under which Broadcom will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61B, based on the closing price of Broadcom common stock on May 25. In addition, Broadcom will assume $8B of VMware net debt. The merger agreement provides for a "go-shop" provision under which VMware and its Board of Directors may actively solicit, receive, evaluate and potentially enter negotiations with parties that offer alternative proposals during a 40-day period following the execution date of the definitive agreement, expiring at 11:59 p.m. Pacific Time on July 5. "There can be no assurance this process will result in a superior proposal. VMware does not intend to disclose developments about this process unless and until its Board of Directors has made a decision with respect to any potential superior proposal," the companies said. Following the closing of the transaction, the Broadcom Software Group will rebrand and operate as VMware, incorporating Broadcom's existing infrastructure and security software solutions as part of an expanded VMware portfolio. Michael Dell, Chairman of the VMware Board, said, "Together with Broadcom, VMware will be even better positioned to deliver valuable, innovative solutions to even more of the world's largest enterprises. This is a landmark moment for VMware and provides our shareholders and employees with the opportunity to participate in meaningful upside." The transaction is expected to add approximately $8.5B of pro forma EBITDA from the acquisition within three years post-closing. Pro forma for each company's fiscal year 2021, software revenue is expected to account for approximately 49% of total Broadcom revenue.
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AVGO | Hot Stocks07:05 EDT Broadcom board authorizes new $10B share repurchase program - The company's Board of Directors has authorized a new share repurchase program to repurchase up to $10B of its common stock through December 31, 2023. This new share repurchase authorization is in addition to the share repurchase program authorized in December 2021, under which it may repurchase the current remaining $3B of common stock through December 31, 2022, Broadcom said.
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VMW AVGO | Hot Stocks07:04 EDT Broadcom to buy VMware for about $61B in cash and stock or $138.23 per share - Broadcom (AVGO) and VMware (VMW) announced an agreement under which Broadcom will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61B, based on the closing price of Broadcom common stock on May 25. In addition, Broadcom will assume $8B of VMware net debt. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, VMware shareholders will elect to receive either $142.50 in cash or 0.2520 shares of Broadcom common stock for each VMware share. The shareholder election will be subject to proration, resulting in approximately 50% of VMware's shares being exchanged for cash consideration and 50% being exchanged for Broadcom common stock. Based on the closing price of Broadcom common stock on May 25, the total $138.23 per-share consideration represents a 44% premium to the closing price of VMware common stock on May 20, the last trading day prior to media speculation regarding a potential transaction, and a 32% premium to VMware's unaffected 30-day volume weighted average price, or VWAP. Upon closing of the transaction, based on the outstanding shares of each company as of the date hereof, current Broadcom shareholders will own approximately 88% and current VMware shareholders will own approximately 12% of the combined company on a fully diluted basis. Michael Dell and Silver Lake, which own 40.2% and 10% of VMware shares outstanding, respectively, have signed support agreements to vote in favor of the transaction, so long as the VMware Board continues to recommend the proposed transaction with Broadcom. In connection with the transaction, Broadcom obtained commitments from a consortium of banks for $32B in new, fully committed debt financing. Broadcom expects to maintain its current dividend policy of delivering 50% of its prior fiscal year free cash flow to shareholders. Broadcom expects to maintain an investment grade rating, given its strong cash flow generation and intention to rapidly de-lever. The transaction, which is expected to be completed in Broadcom's fiscal year 2023, is subject to the receipt of regulatory approvals and other customary closing conditions, including approval by VMware shareholders.
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VMW AVGO | Hot Stocks07:01 EDT Broadcom to acquire VMware for about $61B in cash and stock
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M | Hot Stocks07:00 EDT Macy's jumps 12.5% to $21.61 after Q1 earnings beat
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MDT | Hot Stocks07:00 EDT Medtronic increases quarterly cash dividend to 68c per share - The company announced that effective May 25, the Medtronic board of directors approved an increase in Medtronic's cash dividend for the first quarter of fiscal year 2023, raising the quarterly amount to 68c per ordinary share. This would translate into an annual amount of $2.72 per ordinary share, an 8% increase from the prior $2.52. Medtronic has a long history of dividend growth, and the company is a constituent of the S&P 500 Dividend Aristocrats index. The announcement marks the 45th consecutive year of an increase in the dividend payment. Including the increase, Medtronic's dividend per share has grown by 48% over the past 5 years and has grown at a 16% compounded annual growth rate over the past 45 years. The company remains committed to returning a minimum of 50% of its free cash flow to shareholders, primarily through dividends, and to a lesser extent, share repurchases. The dividend is payable on July 15 to shareholders of record at the close of business on June 24.
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DG | Hot Stocks06:58 EDT Dollar General reports Q1 merchandise inventories $6.1B vs. $5.1B a year ago - As of April 29, total merchandise inventories, at cost, were $6.1B compared to $5.1B as of April 30, 2021, an increase of 13.3% on a per-store basis. This increase primarily reflects the impact of product cost inflation and a greater mix of higher-value products.
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M | Hot Stocks06:58 EDT Macy's reports Q1 digital sales up 2% y/y and 34% q/q - Q1 Inventory was up 17% year-over-year and down 10% versus 2019. Inventory turnover, on a trailing twelve-month basis, increased 9% over 2021 and 18% over 2019.
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RETA | Hot Stocks06:52 EDT Reata Pharmaceuticals' NDA for omaveloxolone granted Priority Review by FDA - Reata Pharmaceuticals announced that the FDA has accepted for filing and granted Priority Review of its New Drug Application - NDA - for omaveloxolone for the treatment of patients with Friedreich's ataxia. The FDA indicated that at this time it has not identified any potential review issues. The NDA is supported by the efficacy and safety data from the MOXIe Part 2 trial and additional supporting data from the MOXIe Part 1 and MOXIe Extension trials. Omaveloxolone received Fast Track Designation in November 2021 and Rare Pediatric Disease Designation in May 2022. The FDA has assigned a Prescription Drug User Fee Act target action date of November 30, 2022. Friedreich's ataxia is a rare, genetic, life-shortening, debilitating, and degenerative neuromuscular disorder. There are an estimated 4,000 patients diagnosed with Friedreich's ataxia in the United States. Currently, there are no approved therapies for the treatment of Friedreich's ataxia.
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PFE | Hot Stocks06:51 EDT Pfizer granted FDA Fast Track designation for ervogastat/clesacostat combination - Pfizer announced the U.S. FDA has granted Fast Track designation to Pfizer's investigational combination therapy for the treatment of non-alcoholic steatohepatitis with liver fibrosis: ervogastat and clesacostat. Fast Track is a process designed to facilitate the development and expedite the review of new drugs and vaccines intended to treat or prevent serious conditions and address unmet medical need. The FDA's decision is informed by the results of Pfizer's nonclinical studies and a Phase 2a clinical study of ervogastat/clesacostat, which showed that treatment with ervogastat/clesacostat reduced liver fat with a favorable safety and tolerability profile. These data were recently published in Nature Medicine.
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MDT DVA | Hot Stocks06:51 EDT Medtronic, DaVita to form independent kidney care-focused company - Medtronic (MDT) and DaVita (DVA) announced the intent to form a new, independent kidney care-focused medical device company to enhance the patient treatment experience and improve overall outcomes. NewCo will focus on developing a broad suite of novel kidney care products and solutions, including future home-based products, to make different dialysis treatments more accessible to patients. Under the terms, NewCo will be co-owned by Medtronic and DaVita, each with equal equity stakes, and led by an independent management team. Medtronic will contribute its Renal Care Solutions business including the current product portfolio, product pipeline and global manufacturing R&D teams and facilities. No other Medtronic products or portfolios, including those in the AV access portfolio in the Peripheral Vascular Health business, are included. Both companies will provide an initial investment to fund NewCo and future certain operating capital. NewCo, which will be renamed and rebranded at close, will operate as an independent company governed by a six-person board of directors composed of two directors each from Medtronic and DaVita, and two independent directors. The transaction is expected to close in the next calendar year, subject to the completion of the information and consultation obligations with employee representative groups under applicable laws and receipt of customary regulatory approvals and satisfaction of customary closing conditions.
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BURL ROST | Hot Stocks06:50 EDT Burlington Stores names Kristin Wolfe as CFO - Burlington Stores (BURL) announced that Kristin Wolfe has been appointed CFO, effective on or about August 1. As previously announced, the employment of John Crimmins, the company's current CFO, will end on August 31. The month overlap will allow for both executives to transition, and Crimmins will provide consulting services to the company through the end of February 2023. Wolfe joins Burlington from Ross Stores (ROST), where she served in a wide range of financial, strategic and operational roles.
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MRC PBF | Hot Stocks06:41 EDT MRC Global selected as PVF provider by PBF Energy at Chalmette refinery - MRC Global (MRC) has been selected by Chalmette Refining as the primary pipe, valves and fittings - PVF - products provider for CR's Renewable Diesel Project in St. Bernard Parish, Louisiana. Chalmette Refining is a subsidiary of PBF Energy (PBF). The renewable diesel plant will include a pretreatment unit at the manufacturing site. When completed, the production unit will have a nameplate capacity of 20,000 barrels per day of renewable fuel, with start-up expected in the first half of 2023. MRC Global is also the primary agreement provider of PVF products and services to PBF's six US refineries, which includes all project and maintenance, repair, and operations needs.
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BW | Hot Stocks06:34 EDT Babcock & Wilcox reports April North American orders of over $23M - Babcock & Wilcox has booked more than $23M in orders for parts and services for utility and industrial customers in North America in the month of April, as overall demand for these services has returned to pre-pandemic levels. Significant orders include environmental aftermarket parts and services for electrostatic precipitators and other equipment, pulp and paper upgrades and services, pulverizer mill parts, B&W's Diamond Power ash-handling and boiler cleaning product lines and more.
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WE NCR | Hot Stocks06:31 EDT WeWork names Andre Fernandez as CFO - WeWork (WE) announced the appointment of Andre Fernandez as CFO, effective June 10. Fernandez joins WeWork with more than thirty years of experience in financial and executive leadership roles. Most recently, Fernandez served as Executive Vice President & CFO of NCR Corporation (NCR).
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BA | Hot Stocks06:12 EDT Boeing, NASA complete Starliner uncrewed flight test to space station - NASA and Boeing safely landed the company's CST-100 Starliner spacecraft Wednesday in the desert of the western United States, completing the uncrewed Orbital Flight Test-2 to the International Space Station to help prove the system is ready to fly astronauts. About four hours after departing the space station, Starliner touched down onto its airbags at 4:49 p.m. MDT, wrapping up the six-day flight, which tested the end-to-end capabilities of the crew-capable spacecraft. The landing followed a deorbit burn at 4:05 p.m., separation of the spacecraft's service module, and successful deployment of its three main parachutes and six airbags. "NASA's Commercial Crew Program and our industry partner, Boeing, today took a major and successful step on the journey toenabling morehuman spaceflight missions to the International Space Station on American spacecraft from American soil," said NASA Administrator Bill Nelson. "The OFT-2 mission represents the power of collaboration, which allows us to innovate for the benefit of humanity and inspire the world through discovery. This golden era of spaceflight wouldn't be possible without the thousands of individuals who persevered and poured their passion into this great achievement."
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RY | Hot Stocks06:11 EDT Royal Bank of Canada raises quarterly dividend 7% to C$1.28 per share - Payable on and after August 24 to common shareholders of record at the close of business on July 26.
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LCID | Hot Stocks06:11 EDT Lucid Group recalling 1,100 Air cars over display issue - Lucid Motors is recalling 1,100 2022 Air vehicles because display screens may fail to work due to a wiring harness possibly not being secured properly. Lucid said it was not aware of any failures due to the condition. The National Highway Traffic Safety Administration said a disabled screen would not show critical information, such as the speedometer, gear selection indicators, and warning lights. Dealers will inspect and secure the wiring harness.
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RDWR | Hot Stocks06:06 EDT Radware expands cybersecurity services with multinational e-commerce customer - Radware has expanded its relationship with a multinational e-commerce company in a million dollar deal. The company purchased the Radware Bot Manager and Managed Services to further protect its global e-commerce network and website traffic from cyber attack. The multinational company also uses Radware's DefensePro and Cloud DDoS Protection Service to safeguard its online infrastructure. The Radware Bot Manager provides comprehensive protection of web applications, mobile apps, and APIs from automated threats like bots. Radware's Managed Services include the support of the company's Bot Defense Lab, a team of data analysts.
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JOBY | Hot Stocks06:03 EDT Joby Aviation receives Part 135 Air Carrier Certificate from FAA - Joby Aviation has received a Part 135 Air Carrier Certificate from the Federal Aviation Administration - FAA -, allowing Joby to begin on-demand commercial air taxi operations. Joby received the certification ahead of schedule, with completion of the process originally expected in the second half of 2022. The Part 135 Air Carrier Certificate is one of three FAA approvals required for Joby to operate its electric vertical take-off and landing - eVTOL - aircraft as an air taxi service in cities and communities across the U.S., alongside a Type Certificate and a Production Certificate. Once Joby receives a type certificate for its eVTOL aircraft, the company will complete the FAA review process to add the new aircraft type to its existing air carrier certificate. The company's future aerial ridesharing service is expected to launch in 2024. Joby's all-electric aircraft is designed to transport a pilot and four passengers up to 150 miles on a single charge at speeds of up to 200 mph. Joby recently announced the results of acoustic testing with NASA, which confirmed the aircraft hit the company's target for low noise emissions during take-off and landing as well as overhead flight.
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LLAP | Hot Stocks06:03 EDT Terran Orbital says satellites successfully deploy from SpaceX Transporter-5 - Terran Orbital announced all six Terran Orbital designed and built satellites that launched on the SpaceX Falcon 9 rocket as part of the Transporter-5 mission have successfully deployed on their journey to Low Earth Orbit. The Terran Orbital satellites include two NASA CubeSat Proximity Operations Demonstration vehicles, NASA Pathfinder Technology Demonstrator 3, Fleet Space CENTAURI-5, and two GeoOptics CICERO-2 vehicles.
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LMDX | Hot Stocks05:36 EDT LumiraDx HbA1c test receives CE Marking - LumiraDx announced its HbA1c test has achieved CE Marking. Used with the LumiraDx Platform, the test provides results in under seven minutes from sample application for the monitoring of individuals with diabetes, and as an aid in screening and identifying patients who may be at risk for developing diabetes, all at the point of care.
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NRXP | Hot Stocks05:18 EDT NRx Pharmaceuticals announces results of DSMB review of TESICO trial - NRx Pharmaceuticals announced results of a review conducted by the Data Safety and Monitoring Board, or DSMB, on May 25. The DSMB reviewed data of approximately 460 patients with Critical COVID-19 Respiratory Failure who were enrolled in the ACTIV-3b, or TESICO, trial, most of which had reached the 90-day endpoint. The trial is sponsored by the National Institute of Allergy and Infectious Diseases, or NIAID, part of the National Institutes of Health. The DSMB recommended stopping further randomization to aviptadil due to aviptadil not meeting the futility guidelines outlined by the pre-approved analytical plan. The primary endpoint was not supportive and 90-day mortality secondary endpoint was also not supportive with 37% mortality in the aviptadil group vs 36% in the placebo group. There were no safety concerns, the known side effects of aviptadil were managed well with the protocols in place.
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NOK | Hot Stocks05:15 EDT Nokia, TWM announce 5G coverage expansion deal - Nokia announced that it has been selected by Taiwan Mobile, or TWM, in an expansion deal to enhance the operator's 5G coverage across the country. Under the deal, Nokia will provide its latest AirScale portfolio supporting TWM's commitments to RE100 and reaching 100% renewable energy by 2040. It will also provide a smooth network evolution path following the completion of the proposed merger with Taiwan Star.
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LEGN | Hot Stocks05:11 EDT Legend Biotech granted conditional marketing authorization for Carvykti by EC - Legend Biotech announced that the European Commission, or EC, has granted conditional marketing authorization of Carvykti for the treatment of adults with relapsed and refractory multiple myeloma, or RRMM, who have received at least three prior therapies, including a proteasome inhibitor, or PI, an immunomodulatory agent, or IMiD, and an anti-CD38 antibody, and have demonstrated disease progression on the last therapy. Legend Biotech entered into an exclusive worldwide license and collaboration agreement with Janssen Biotech to develop and commercialize cilta-cel in December 2017.
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