Stockwinners Market Radar for June 06, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PATH | Hot Stocks20:39 EDT Cathie Wood's ARK Investment bought 167.6K shares of UiPath today
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RBLX | Hot Stocks20:38 EDT Cathie Wood's ARK Investment bought 198K shares of Roblox today
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ROKU | Hot Stocks20:37 EDT Cathie Wood's ARK Investment bought 87K shares of Roku today
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FRG KSS | Hot Stocks19:38 EDT Kohl's confirms 3-week exclusive talks with Franchise Group at $60 per share - The company states: "Kohl's (KSS) announced that following the receipt of final proposals, the Kohl's Board of Directors has entered into exclusive negotiations with Franchise Group (FRG), a holding company of a collection of market-leading and emerging brands, for a period of three weeks in relation to FRG's proposal to acquire the company for $60.00 per share. The purpose of the exclusive period is to allow FRG and its financing partners to finalize due diligence and financing arrangements and for the parties to complete the negotiation of binding documentation. The transaction remains subject to approvals of the Boards of Directors of both companies. There can be no assurances that any agreement will be reached or that a transaction will be agreed or completed on the terms set forth above or otherwise. The company will have no further comment until an agreement is reached or the discussions are terminated."
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LLY | Hot Stocks19:09 EDT Eli Lilly presents new data for Mounjaro in type 2 adult diabetes - The company states: "New data from a mechanism of action study and new analyses of the global registration program for Eli Lilly and Company's Mounjaro injection were presented at the American Diabetes Association's 82nd Scientific Sessions, adding to the robust body of data about Mounjaro for the treatment of adults with type 2 diabetes. More than 20 presentations on Mounjaro were accepted for disclosure at the ADA's Scientific Sessions. Additional results of a phase 1 mechanism of action study were presented in an oral presentation on Monday, June 6 during the "Incretin Based Therapies" session. This study was a 28-week, randomized, double-blind, parallel study to evaluate the effect of Mounjaro 15 mg compared to placebo and to injectable semaglutide 1 mg. The primary endpoint, previously disclosed, compared the effect of Mounjaro 15 mg versus placebo on total clamp disposition index at 28 weeks. The secondary objectives presented today at ADA compared the effects of Mounjaro 15 mg to placebo and to injectable semaglutide 1 mg on energy intake, appetite and body composition in adults with type 2 diabetes as measured by change from baseline. At 28 weeks, participants taking Mounjaro had significantly greater reductions in weight and in fat mass compared to those taking injectable semaglutide 1 mg and placebo."
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CPE | Hot Stocks19:07 EDT Callon Petroleum raises FY22 free cash flow view to over $900M - The company states: "Callon Petroleum announced an updated operational capital budget range of $790 to $810 million in 2022, compared to the initial forecast of $725 million provided in February. This revised guidance is the product of inflationary service cost pressures that have resulted in average price increases of approximately 20% related to key drilling and completion items over 2021 levels. This represents incremental inflation of approximately 10% over the 10% inflation rate assumed for the initial 2022 budget. The Company also increased its expectations for adjusted free cash flow to over $900 million in 2022 based on prevailing commodity prices and reaffirmed guidance for production and all expense categories." Joe Gatto, CEO, said, "We have taken multiple steps to ensure reliable access to top-tier service and consumables providers for all of 2022 and are extending these contracts into 2023. While service costs have increased as the industry faces significant inflationary pressures, we remain committed to a disciplined spending program with an expected capital reinvestment rate that is now tracking at less than 50%. Additionally, our free cash flow outlook continues to strengthen, and we now expect to generate over $900 million in adjusted free cash flow during the year, accelerating the path to attaining our near-term financial goals of a leverage ratio of 1x and an absolute debt level of $2 billion."
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UAL | Hot Stocks18:36 EDT United Airlines director buys $2.24M in common stock - In a regulatory filing, United Airlines disclosed that its director Edward Shapiro bought 50K shares of common stock on June 2nd in a total transaction size of $2.24M.
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ZEAL | Hot Stocks18:34 EDT Zealand Pharma presents 'encouraging' Phase 1 Dapiglutide trial data - Zealand Pharma presented data from its Phase 1 trial of dapiglutide at the 82nd Scientific Sessions of the American Diabetes Association in New Orleans and announced it will be supporting a Phase 2 investigator-initiated clinical trial of dapiglutide in obesity anticipated to commence by early 2023. The Phase 1 results of dapiglutide, a GLP-1R/GLP-2R dual agonist, demonstrated dose dependent weight loss of up to 4.3% of baseline body weight after only four weeks of treatment. No patients developed anti-drug antibodies. The pharmacokinetics showed dose proportionality with a low inter-subject variability and a mean half-life of 123-129 hours across the four dose cohorts and supported that dapiglutide is suitable for once-weekly dosing. Dapiglutide also demonstrated an acceptable safety profile and was found to be appropriate for once weekly injection. Multiple doses of dapiglutide were well-tolerated and the safety profile as expected for GLP-1 and GLP-2 receptor agonists. There were no serious or severe adverse events and no withdrawals. The most frequent related AEs reported were gastrointestinal disorders and metabolism and nutrition disorders as expected from marketed GLP-1RAs. "We believe this encouraging clinical data for dapiglutide, along with preclinical data from ZP8396 and BI 456906, underscore the unique potential of our investigational peptide platform to make a difference in the lives of people with obesity," said Adam Steensberg, Chief Executive Officer of Zealand Pharma. "We are excited about the strong momentum in our pipeline in this disease area and look forward to initiating the Phase 2 trial of dapiglutide in obesity by early 2023."
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GOCO | Hot Stocks18:15 EDT GoHealth names Vijay Kotte as CEO and Jason Schulz as CFO - GoHealth "announces a series of leadership appointments intended to create strong value for shareholders and all stakeholders. The company has named Vijay Kotte as CEO and Jason Schulz as CFO, both effective June 6, 2022. Upon assuming the role of CEO, Mr. Kotte will also join the Company's Board of Directors."
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PPC | Hot Stocks18:05 EDT Pilgrim's Pride CEO sells 77.7K shares of common stock - In a regulatory filing, Pilgrim's Pride disclosed that its CEO Fabio Sandri sold 77.7K shares of common stock on June 6th in a total transaction size of $2.68M.
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AXP | Hot Stocks17:35 EDT American Express director Leonsis sells 4,005 common shares - In a regulatory filing, American Express director Theodore Leonsis disclosed the sale of 4,005 common shares of the company on June 3 at a price of $166.6305 per share.
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VERU | Hot Stocks17:15 EDT Tang Capital reports 5.2% passive stake in Veru - Tang Capital disclosed a 5.2% stake in Veru, which represents over 4.1M shares. The filing does not allow for activism. Shares of Veru are up over 5% afterhours.
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CNCE | Hot Stocks17:12 EDT Concert Pharmaceuticals director Aldrich acquires over 200,000 common shares - In a regulatory filing, Concert Pharmaceuticals director Richard Aldrich disclosed the purchase of 210,526 common shares of the company on June 6 at a price of $4.75 per share.
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CF | Hot Stocks17:11 EDT CF Industries exec Hoker sells 6,684 common shares - In a regulatory filing, CF Industries VP and corporate controller Richard Hoker disclosed the sale of 6,684 common shares of the company on June 6 at a price of $94.9048 per share.
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AGR | Hot Stocks17:07 EDT Avangrid appoints Pedro Azagra Blazquez CEO - Avangrid announced Pedro Azagra Blazquez has officially assumed the role of CEO of Avangrid. Azagra brings to the team a deep familiarity with the Avangrid businesses and extensive experience in the U.S. energy sector. Azagra has served as a member of the Avangrid Board of Directors since 2019, and previously served as a member of the Board of Directors from 2014 to 2018. Azagra serves as the Chief Development Officer for Iberdrola, S.A., where he has executed more than one hundred transactions and led the international expansion of Iberdrola.
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NTAP | Hot Stocks17:06 EDT NetApp CFO Berry buys $360K in company shares - NetApp CFO Michael Berry disclosed in a filing that he had purchased 5,000 shares of company stock on June 3 for $72.04 per share, for a total transaction amount of $360,217.
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TJX | Hot Stocks17:03 EDT TJX exec Sherr sells 46,997 common shares - In a regulatory filing, TJX Companies SEVP and group president Richard Sherr disclosed the sale of 46,997 common shares of the company on June 3 at a price of $62.25 per share.
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GTLB | Hot Stocks16:59 EDT GitLab jumps over 10% to $43.93 after Q1 earnings beat, above-consensus guidance
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IBKR | Hot Stocks16:58 EDT Interactive Brokers chairman sells $2.41M in common stock - In a regulatory filing, Interactive Brokers disclosed that its Chairman Thomas Peterffy sold 40K shares of common stock on June 2th in a total transaction size of $2.41M.
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NGM | Hot Stocks16:45 EDT NGM Biopharmaceuticals director Goeddel buys $446K in company shares - NGM Biopharmaceuticals director David Goeddel disclosed in a filing that he had purchased 34,200 shares of company stock at $13.03 per share on June 2, for a total transaction amount of $445,739.
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ESSA | Hot Stocks16:45 EDT ESSA Bancorp announces authorization for 500K shares of common stock - ESSA Bancorp "announced that its board has approved a stock repurchase program for up to 500,000 shares of its common stock. The company may repurchase the shares from time to time through open market purchases, privately negotiated stock transactions or in any other manner that is compliant with applicable securities laws."
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ESSA | Hot Stocks16:44 EDT ESSA Bancorp raises quarterly dividend by 25% to 15c per share - The dividend is payable to shareholders of record as of June 16, 2022, payable on June 30, 2022.
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WELL | Hot Stocks16:42 EDT Welltower narrows Q2 EPS view to 22c-25c from 20c-25c - Additionally, the company now expects to achieve normalized funds from operations in a range of 84c-87c per diluted share as compared to previous guidance of 82c-87c per diluted share. In its Business Update presentation, the company states: "Quarter-to-date SHO portfolio spot occupancy growth of 80 bps is in line with expectations through June 3, 2022 despite the global rise in COVID-19 cases during the quarter. Heading into the peak leasing months, occupancy gains have been broad-based quarter-to-date, increasing 70 bps in the U.S., 80 bps in Canada, and 190 bps in the U.K. Pricing power remains robust with strong recognized renewal rate increases and improving street rates." Reference Link
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MDRX | Hot Stocks16:40 EDT Allscripts director Black sells $1.3M in company shares - Allscripts director Paul Black disclosed in a filing that he had sold 75,000 shares of company stock at $17.33 per share on June 3, for a total transaction amount of $1,300,005.
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CVLT | Hot Stocks16:36 EDT Commvault VP Riccardo Di Blasio sells over $1M in shares - Commvault VP Riccardo Di Blasio disclosed in a filing that he had sold 17,182 shares of company stock at $65.03 per share on June 2, for a total transaction amount of $1,117,345.
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ASR | Hot Stocks16:31 EDT Asur reports May passenger traffic 5.5M, up 20.4% from May 2019 - Grupo Aeroportuario del Sureste, or Asur, announced that passenger traffic for May 2022 reached a total of 5.5M passengers, 20.4% above the levels reported in May 2019, reflecting a continued gradual recovery in travel demand. Compared to May 2019, passenger traffic increased by 41.1% in Colombia, 21.6% in Puerto Rico and 13.3% in Mexico. Passenger traffic growth in Mexico and Colombia was driven by a recovery in both domestic and international traffic, while international traffic in Puerto Rico remained weak. This announcement reflects comparisons between the periods May 1 through May 31, 2022, May 1 through May 31, 2021 and May 1 through May 31, 2019. Transit and general aviation passengers are excluded from traffic measures in Mexico and Colombia.
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HLBZ | Hot Stocks16:31 EDT Helbiz announces purchase of $2.02M in common stock by CEO - Helbiz announced that Salvatore Palella, Founder and CEO, purchased 2,044,676 shares of Class A Common Stock from a seller for an aggregate price of $2,019,935 which represents about 6% of the common stock. "I continue to be excited and hopeful for the future of Helbiz and the impact that we will have on the world," said Palella. "Looking forward, we will continue to focus on cutting costs, streamlining processes and on the important KPIs of our business. This purchase today is a personal commitment from me on the future of the company and our continued success."
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GVA | Hot Stocks16:30 EDT Granite to develop new aggregate operation in Grantsville, Utah - Granite announced that it has acquired and will start development on a new aggregate operation near Grantsville, Utah. Located approximately 30 miles west of Salt Lake City on Interstate 80, the site covers approximately 640 acres. The material comes from an alluvial deposit containing 99 million tons of recoverable rock.
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RVP | Hot Stocks16:26 EDT Retractable Technologies reduces workforce by 16% - Retractable Technologies reported that it has reduced its workforce by approximately 16% as a result of the substantial completion of its facility expansion efforts and the completion of U.S. government orders to provide its products for COVID-19 vaccination efforts. The staff reduction primarily affects its production, operations and logistics departments. The reduction will result in an overall annualized savings of approximately $2.1M, or 13% in annual payroll expense, and separation costs are expected to be approximately $200,000. The company expects that it will be able to maintain its current level of domestic production after the headcount reduction, and have significantly enhanced domestic production capacity upon completion of the expansion efforts.
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RIG EQNR | Hot Stocks16:24 EDT Transocean announces $181M contract extension from Equinor - Transocean (RIG) announced that Equinor Energy AS (EQNR) has awarded an additional nine wells plus two, one-well options to the contract for the harsh environment semisubmersible Transocean Spitsbergen for work offshore Norway. The firm part of the contract extension, with an estimated backlog of $181M, is expected to begin in October 2023 and conclude in April 2025. The estimated firm backlog excludes revenue associated with performance incentives, additional services, and option periods provided for in the contract.
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DCTH | Hot Stocks16:22 EDT Delcath Systems announces results from COPIN trial, FOCUS trial update - Delcath Systems announced further details regarding presentations relating to its proprietary percutaneous hepatic perfusion, or PHP, system at the American Society of Clinical Oncology, or ASCO, annual meeting being held June 3-7 in Chicago, Illinois and virtually. The goal of the CHOPIN trial is to study the safety and potential synergistic effects of systemic immunotherapy ipilimumab plus nivolumab, or IPI+NIVO, when combined with Delcath's proprietary liver-targeted PHP treatment in metastatic uveal melanoma patients. The poster presented initial safety and efficacy results from the Phase 1b portion of the trial which enrolled seven patients who were treated with two courses of six-weekly PHPs combined with four courses IPI+NIVO three-weekly escalating the dosing from 1mg/kg each IPI+NIVO to IPI 1mg/kg + NIVO 3mg/kg. The poster reports a best overall response of 1 complete response, 5 partial responses and 1 stable disease accounting for an objective response rate of 85.7%. At a median follow up time of 20.2 months, 4 patients have an ongoing response. Currently the median progression free survival is 22.4 months, and all patients are still alive. Updated efficacy and safety results from the single-arm phase 3 FOCUS trial in metastatic uveal melanoma including overall response rate, or ORR, median duration of response, or mDOR, disease control rate, or DCR, median progression free survival, or mPFS, and overall survival, or OS, data were presented that were largely consistent with prior presentations. In addition, predefined exploratory analyses comparing PHP to a best-alternative-care arm enrolled prior to the trial's protocol amendment to a single-arm study were included. Updated values reflect the latest data from clinical sites. OS data continues to mature with a final, predefined analysis expected in May 2023, two years after the study's last treatment. As of last analysis the FOCUS trial results are as follows: A 36.3% ORR in the Treated Population, including 8% complete responses with a mDOR of 14 months. A DCR of 73.6%, a median PFS of 9.03 months and a median OS of 19.25 months. PHP analyses against the BAC arm yielded statistically significant results on ORR, DCR and mPFS. While OS data continues to mature, as of the last analysis, the median OS for the PHP arm is 19.25 months vs. 14.49 months for BAC. Final analysis expected in 2023.
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LPG | Hot Stocks16:22 EDT Dorian LPG CFO Theodore Young sells $180K in company shares - Dorian LPG CFO Theodore Young disclosed in a filing that he had sold 10,000 shares of company stock at $18.00 per share on June 3, for a total transaction amount of $180,000.
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DCTH | Hot Stocks16:17 EDT Delcath Systems presents update on PHP system at ASCO - Delcath Systems "announced further details regarding presentations relating to its proprietary percutaneous hepatic perfusion, or PHP, system at the American Society of Clinical Oncology Annual Meeting being held June 3-7, 2022, in Chicago, Illinois and virtually. The goal of the CHOPIN trial is to study the safety and potential synergistic effects of systemic immunotherapy ipilimumab plus nivolumab when combined with Delcath's proprietary liver-targeted PHP treatment in metastatic uveal melanoma patients. The poster presented initial safety and efficacy results from the Phase 1b portion of the trial which enrolled seven patients who were treated with two courses of six-weekly PHPs combined with four courses IPI+NIVO three-weekly escalating the dosing from 1mg/kg each IPI+NIVO to IPI 1mg/kg + NIVO 3mg/kg. The poster reports a Best Overall Response of 1 complete response, 5 partial responses and 1 stable disease accounting for an Objective Response Rate of 85.7%. At a median follow up time of 20.2 months, 4 patients have an ongoing response. Currently the median progression free survival is 22.4 months, and all patients are still alive."
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KKR | Hot Stocks16:17 EDT KKR invests in apexanalytix - KKR announced that KKR has signed a definitive agreement to acquire a majority interest in the company. apex's largest shareholder, Carousel Capital, a private investment firm that invests in companies located in the Southeastern United States, will remain a significant minority owner in the company alongside KKR. "We are pleased to welcome KKR as our largest shareholder and a tremendous new strategic partner to help us accelerate our mission of being the ultimate supplier information, risk and opportunity management solution for the world's largest companies," said Steve Yurko, CEO of apex. "KKR's deep experience across industries, geographies and all facets of the global supply chain will position us to address our customers' needs with even greater agility. We are grateful to the Carousel Capital team for playing a key role in our growth over the past eight years and we look forward to continuing this great relationship." KKR is making the investment through its North America Fund XIII. Carousel initially invested in apex in 2014 out of its fourth fund and in 2020 sponsored a recapitalization of the business through a single asset continuation fund and its fifth fund. The transaction is expected to close in the second half of 2022, subject to regulatory approvals and other customary closing conditions. Financial terms of the transaction were not disclosed.
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SDC | Hot Stocks16:17 EDT SmileDirectClub appoints interim CFO Crawford as Chief Financial Officer - SmileDirectClub announced the appointment of Troy Crawford as its Chief Financial Officer, effective June 6. Crawford has served as the interim CFO since January 8, the company noted. "After a national search, we determined our best candidate was already in house and are pleased to officially appoint Troy to the SmileDirectClub leadership team. In his interim CFO role, Troy demonstrated financial discipline and focus, among many other instrumental skills, to drive our plans for improved business performance and near-term profitability. We look forward to his continued contributions as we address our tremendous untapped market opportunity and deliver future growth and value for our shareholders," said David Katzman, CEO and Chairman of SmileDirectClub.
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ZM... | Hot Stocks16:16 EDT Zoom Video announces Greg Tomb as president - Zoom Video (ZM) announced that Greg Tomb will join the company as president effective June 7. Tomb brings more than 20 years of experience and comes to Zoom from Google Cloud (GOOGL), where he was most recently VP of sales, Google Workspace, SMB, Data & Analytics, Geo Enterprises, and Security Sales. Reporting directly to Zoom founder and CEO Eric Yuan, Tomb will oversee the company's go-to-market strategy, revenue efforts, and office of the Global CIO.
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TRUE | Hot Stocks16:16 EDT TrueCar acquires Digital Motors, terms not disclosed - TrueCar announced its acquisition of Irvine, California based Digital Motors. The acquisition is intended to accelerate TrueCar's plan to deliver a robust digital car buying and selling experience with its TrueCar+ marketplace. Digital Motors' automotive retail and financial technology platform gives auto dealers, OEMs, lenders and other stakeholders the ability to augment their physical presence with a digital storefront or marketplace that offers a seamless omnichannel car buying experience to consumers. "With TrueCar+, we are creating an asset-light marketplace where consumers have easy and transparent access to a national inventory of vehicles and our dealers have efficient and turn-key access to a national audience of consumers," said Mike Darrow, President and CEO of TrueCar. "Our acquisition of Digital Motors is a key step in the acceleration of that marketplace, providing immediate access to new capabilities to enable the development of a secure online purchasing and financing experience. In addition, we believe the acquisition will help us to target and attract more dealers, brands, OEMs, lenders and other partners to the TrueCar+ ecosystem," Mr. Darrow continued. TrueCar has financial flexibility to invest in its business with approximately $235M in cash and equivalents on its balance sheet at the end of the first quarter of 2022.
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FEAM GLW | Hot Stocks16:15 EDT 5E Advanced in LOI with Corning to supply boron specialty materials - 5E Advanced Materials (FEAM) has entered into a non-binding letter of intent with Corning Incorporated (GLW) to supply boron specialty materials. Under the terms of the LOI, 5E and Corning will work towards a binding agreement for the supply of boron specialty and advanced materials, which are used in the manufacture of Corning's products. 5E and Corning will also collaborate and share technical know-how for the purpose of developing and enhancing boron advanced materials. Commenting on the LOI with Corning, President and CEO, Mr Henri Tausch noted: "We look forward to working with Corning, an industry leader in the global technical glass markets and a trusted partner to many marque brands. Corning's leadership in the markets it serves offers a strong end use for our boron specialty and advanced materials. We are also pleased to support Corning's sustainability commitments, as they align well with our environmental light-touch extraction and processing methods. We intend to have a long-term partnership with Corning as we focus on continuous innovation as technologies evolve.
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VINC | Hot Stocks16:12 EDT Vincerx Pharma to reduce headcount by 33% as part of cost reduction measures - Vincerx Pharma announced an update to its strategic priorities and the streamlining and realignment of resources to support its key value-generating indications and programs and extend its estimated cash runway into late 2024. The company is prioritizing VIP152 clinical studies to focus on: Monotherapy in patients with high grade B-cell lymphoma characterized by translocations of MYC and BCL-2 or BCL-6. Monotherapy in patients with high-risk chronic lymphocytic leukemia, or CLL. Combination with Bruton tyrosine kinase inhibitor in patients with high-risk CLL. The company is continuing to prioritize advancement of bioconjugation assets .Streamlining and realigning resources to support prioritized VIP152 indications and advancement of the bioconjugation programs. Reducing full-time employees by 33%. Implementing additional cost reduction measures. Extending estimated cash runway into late 2024. "Given the unprecedented market conditions, we are making a strategic decision to focus our resources on our ongoing double-hit DLBCL and CLL clinical trials and our next-generation bioconjugation platform to deliver the greatest benefit in these patients as well as maximize value for our shareholders," said Ahmed Hamdy, CEO of Vincerx. "The VIP152 program was designed as a signal-seeking program," added Hamdy. "Nineteen (19) patients with various MYC+ cancers have been treated. We saw stable disease in 3 patients with ovarian cancer (with one of the three patients completing cycle 6). Despite this preliminary signal in ovarian cancer, the combination of challenging market conditions and the promising VIP152 preclinical and clinical data we have seen in double-hit DLBCL and CLL patients create a compelling rationale for us to focus our efforts on these two indications." "We continue to be excited about our preclinical bioconjugation platform-a diverse, modular platform of linkers and payloads that can be conjugated with antibodies and small molecules to create novel targeted therapeutics for a broad range of solid tumors and hematologic malignancies and remain on track to file an IND in the second half of this year for VIP236. We also remain on track to file an IND in the second half of 2023 for our initial antibody drug conjugate (ADC), VIP943. We believe our ADCs represent a paradigm-shifting technology with a proprietary and highly differentiated linker and warhead. These innovations are expected to improve efficacy and safety versus current ADCs," continued Hamdy.
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PTON | Hot Stocks16:06 EDT Peloton appoints Liz Coddington CFO - Peloton Interactive announced it has appointed Liz Coddington as the company's CFO, effective June 13. Coddington succeeds Jill Woodworth, who has decided to step down as Peloton's CFO after serving the company since 2018. Woodworth will serve as a consultant for Peloton on an interim basis, ensuring a smooth transition and supporting the company in preparation to report its FY22 financial results. Most recently, Coddington served as VP of Finance for Amazon Web Services.
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RELY | Hot Stocks16:06 EDT Remitly Global names Hemanth Munipalli as CFO - Remitly Global "announced the appointment of Hemanth Munipalli as CFO effective July 18. Remitly's current CFO Susanna Morgan will remain in the role pending Munipalli's official start as CFO in July, after which she will serve as senior advisor to support a smooth transition through September 2022."
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HIPO | Hot Stocks16:02 EDT Hippo names Richard McCathron as new CEO - Hippo "appointed Richard McCathron as CEO. McCathron has served on Hippo's board of directors and as the company's President since February 2017. Assaf Wand, Founder and prior CEO, has become Executive Chairman of the Board to focus on long-term strategic initiatives. Before joining Hippo's executive team and board, McCathron held senior executive positions at multiple insurance companies including First Connect Insurance as its President & Chief Executive Officer from 2012 to 2017, Superior Access Insurance as its President & Chief Executive Officer from 2007 to 2010 and Mercury Insurance Group as its Regional Vice President from 2004 to 2007. "
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KRC | Hot Stocks16:02 EDT Kilroy Realty signs leases totaling 190K square feet during Q2 - Kilroy Realty Corporation announced it signed new or renewing leases on approximately 190,000 square feet in its stabilized portfolio to date during the second quarter. The leasing activity was spread across several of its West Coast markets, including San Diego, Los Angeles, Seattle and the San Francisco Bay Area. Average rents in the recently executed leases were up approximately 22% on a cash basis and 39% on a GAAP basis over the prior leases. The average term of the agreements was 7.5 years and approximately 90% were new leases. In 2022, KRC has signed new or renewing leases on over 375,000 square feet in its stabilized portfolio. The portfolio is currently 93% leased. Included in the 190,000 square feet of leasing activity was a new 11-year lease with Blue Shield of California for 72,000 square feet of office space at the recently modernized Aero Campus in the Long Beach Airport submarket. Additionally, the company signed an approximately 8-year lease with a media & entertainment company for 58,000 square feet in Santa Monica. With the completion of these transactions, KRC's stabilized portfolio has no expirations greater than 40,000 square feet until 2023.
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LSCC | Hot Stocks16:01 EDT Lattice Semiconductor, AMI expand long-running partnership - Lattice Semiconductor announced it has expanded its long-running partnership with AMI. Through this enhanced partnership the companies will explore more ways to optimize their technologies to complement one another, with a specific focus on helping server manufacturers and cloud service providers achieve comprehensive platform security that is flexible, scalable, and easy to implement. To further facilitate this collaboration, Lattice officially welcomed AMI as the latest addition to the Lattice Partner Network. This partnership will build on the companies' previous collaboration that combined AMI's firmware expertise with Lattice FPGA and Lattice Sentry technology to create AMI's Tektagon XFR Platform Root of Trust solution. This jointly developed, host-silicon vendor agnostic solution enables advanced platform firmware resiliency and more flexibility for current and next-generation server platforms. "Lattice is leading the FPGA industry with our low power FPGAs, solution stacks, and software tools that help our customers get their innovations to market quickly," said Esam Elashmawi, Chief Strategy and Marketing Officer, Lattice Semiconductor. "We're excited to deepen our relationship with AMI and leverage our collective expertise to provide innovative and comprehensive security solutions for our server and datacenter customers."
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MSFT | Hot Stocks15:41 EDT Xbox game 'Forza Horizon 5' surpasses 20M players, VGC reports - Microsoft-published video game "Forza Horizon 5," exclusive to Xbox consoles and PC, has passed 20M total players in its first seven months of availability, VideoGamesChronicle's Chris Scullion reports. Microsoft's Xbox unit has previously called the game's launch its "biggest launch ever," the author notes. Reference Link
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TWTR | Hot Stocks15:27 EDT Texas AG says investigating Twitter over bot accounts - Texas Attorney General Ken Paxton announced he has launched an investigation against Twitter for potentially false reporting over its fake bot accounts in violation of the Texas Deceptive Trade Practices Act. Attorney General Paxton issued a Civil Investigative Demand, or CID, to investigate whether Twitter's reporting on real versus fake users is "false, misleading, or deceptive" under the Texas Deceptive Trade Practices Act, the AG announced after shareholder and prospective buyer Elon Musk disclosed a letter this morning sent by his lawyers to the company claiming "a clear material breach of Twitter's obligations under the merger agreement" related to his request for certain data and information necessary to facilitate his evaluation of spam and fake accounts on the platform. Reference Link
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REGN | Hot Stocks14:56 EDT Regeneron treatment of multiple myeloma granted orphan designation - Regeneron's treatment of multiple myeloma was granted orphan designation by the FDA, according to a post to the agency's website. Reference Link
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AAPL | Hot Stocks14:49 EDT Apple previews iPadOS 16 with new productivity, collaboration features - Apple previewed iPadOS 16, which it calls "a major update that makes the iPad experience even more versatile." Apple said: "Taking advantage of the power of the M1 chip, Stage Manager brings a new way to multitask with multiple overlapping windows and full external display support. Collaboration is easier than ever with new ways to start working with others in apps across the system using Messages, and the new Freeform app provides a flexible canvas to brainstorm on together. New tools in Mail help users be more productive, Safari adds shared Tab Groups to browse the web with others, and the browsing experience gets even more secure with passkeys. The new Weather app takes full advantage of the stunning iPad display, and Live Text now interacts with text in video. New pro features - including Reference Mode and Display Zoom - make iPad an even more powerful mobile studio. Combined with the power of Apple silicon, iPadOS 16 makes it faster and easier to get more done on iPad." The developer preview of iPadOS 16 is available to Apple Developer Program members starting today, and a public beta will be available to iPadOS users next month. New software features will be available this fall as a free software update for iPad 5th generation and later, iPad mini 5th generation and later, iPad Air 3rd generation and later, and all iPad Pro models.
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AAPL | Hot Stocks14:45 EDT Apple says iPad to get external display link support
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AAPL | Hot Stocks14:44 EDT Apple says Stage Manager coming to iPadOS
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AAPL | Hot Stocks14:40 EDT Apple unveils new Game Center social updates for iPadOS 16 - Says new Game Center updates coming to iPadOS 16 later this year. Says such updates also coming to Mac and iPhone.
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AAPL | Hot Stocks14:37 EDT Apple unveils iPad app called Free Form, coming later this year - Says Free Form a work collaboration app for iPad, Mac, and iPhone.
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AAPL | Hot Stocks14:34 EDT Apple previews macOS Ventura, available this fall - Apple previewed macOS Ventura, the latest version of the company's desktop operating system, which the company said "takes the Mac experience to a whole new level." Apple added: "Stage Manager gives Mac users an all-new way to stay focused on the task in front of them while seamlessly switching between apps and windows. Continuity Camera uses iPhone as the webcam on Mac to do things that were never possible before, and with Handoff coming to FaceTime, users can start a FaceTime call on their iPhone or iPad and fluidly pass it over to their Mac. Mail and Messages come with great new features that make the apps better than ever, while Safari - the world's fastest browser on Mac - ushers in a passwordless future with passkeys. And with the power and popularity of Apple silicon, and new developer tools in Metal 3, gaming on Mac has never been better." The developer beta of macOS Ventura is available to Apple Developer Program members starting today. A public beta will be available to Mac users next month. macOS Ventura will be available this fall as a free software update.
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AAPL | Hot Stocks14:33 EDT Apple unveils all-new MacBook Air, updated MacBook Pro - Apple introduced a completely redesigned MacBook Air and an updated 13-inch MacBook Pro, both powered by the new M2 chip. MacBook Air has an all-new, strikingly thin design and even more performance, and features a larger 13.6-inch Liquid Retina display, a 1080p FaceTime HD camera, four-speaker sound system, up to 18 hours of battery life, and MagSafe charging. It is now available in four finishes - silver, space gray, midnight, and starlight. M2 also comes to the 13-inch MacBook Pro, delivering incredible performance, up to 24GB of unified memory, ProRes acceleration, and up to 20 hours of battery life,2 all in a compact design. The new MacBook Air and updated 13-inch MacBook Pro join the 14- and 16-inch MacBook Pro with M1 Pro and M1 Max to round out the lineup of Mac notebooks. Both laptops will be available next month.
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AAPL | Hot Stocks14:32 EDT Apple says M2 to take 'breakthrough performance' of M1 chip 'even further' - Apple announced M2, which it said is "beginning the next generation of Apple silicon designed specifically for the Mac." Apple added: "Built using second-generation 5-nanometer technology, M2 takes the industry-leading performance per watt of M1 even further with an 18 percent faster CPU, a 35 percent more powerful GPU, and a 40 percent faster Neural Engine.1 It also delivers 50 percent more memory bandwidth compared to M1, and up to 24GB of fast unified memory. M2 brings all of this - plus new custom technologies and greater efficiency - to the completely redesigned MacBook Air and updated 13-inch MacBook Pro... The system-on-a-chip design of M2 is built using enhanced, second-generation 5-nanometer technology, and consists of 20 billion transistors - 25% more than M1. The additional transistors improve features across the entire chip, including the memory controller that delivers 100GB/s of unified memory bandwidth - 50% more than M1. And with up to 24GB of fast unified memory, M2 can handle even larger and more complex workloads."
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AAPL | Hot Stocks14:32 EDT Apple says iPadOS 16 comes with new Collaboration feature - Says will include new ways to collaborate with others as well as new iOS, macOS features.
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AAPL | Hot Stocks14:31 EDT Apple unveils iPadOS 16, says will have 'big release' - Says iPadOS 16 to come with shared photo libraries, and a "big update" to mail.
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AAPL | Hot Stocks14:30 EDT Apple says macOS Ventura to let iPhone be used as webcam - Says macOS Ventura to allow iPhone to be used as webcam with Continuity Camera feature.
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AAPL CCOEY | Hot Stocks14:26 EDT Apple says Capcom's 'Resident Evil Village' coming to Mac computers this year - Apple (AAPL) says macOS Ventura to get ability to pull back mail and new Passkeys privacy feature for Safari and mail. Says MetalFX Upscaling for developers coming to macOS Ventura. Says Capcom (CCOEY) video game "Resident Evil Village" coming to Mac computers later this year.
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PHIO | Hot Stocks14:18 EDT Phio Pharmaceuticals presents outline for first study of PH-762 for melanoma - Phio Pharmaceuticals presented a trial-in-progress poster describing the study outline of its Phase 1b clinical trial of PH-762, a self-delivering RNAi targeting PD-1, for the treatment of advanced melanoma at the 2022 American Society of Clinical Oncology, or ASCO, annual meeting. "We are pleased to share the details for the ongoing clinical trial of our lead product, PH-762. As the first-in-human study for an INTASYL immunotherapy compound, the initiation of this study earlier this year marks an important milestone for our broader pipeline and platform. Neoadjuvant therapy may stimulate significant responses that appear to be associated with a decrease in the risk of relapse after surgery. As there is currently no neoadjuvant standard of care for resectable advanced melanoma patients, neoadjuvant treatment with PH-762 provides an alternative therapeutic option to treat these patients," said Dr. Simon Fricker, Phio's VP of Research and Development.
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AAPL | Hot Stocks14:16 EDT Apple unveils Stage Manager feature for macOS Ventura - Says macOS Ventura to come with Stage Manager feature, which lets users focus on the app they're using without distractions. Says Stage Manager allows for improved multiple window management. Says macOS Venture to include improvements to Spotlight.
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AAPL | Hot Stocks14:12 EDT Apple unveils macOS Ventura - Says new macOS "enriches so many ways" people use mac computers.
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AAPL | Hot Stocks14:11 EDT Apple says new MacBook Air, MacBook Pro available next month - Says MacBook Air starts $1199, $1099 for education. Says MacBook Pro starts at $1299, $1199 for education. Says both new MacBooks available next month.
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AAPL | Hot Stocks14:09 EDT Apple unveils new MacBook Pro with M2 chip - Says M2 coming to 13-inch MacBook Pro, supporting up to 24GB of unified memory,
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AAPL | Hot Stocks14:08 EDT Apple's new MacBook Air has silent, fanless design - Says new MacBook Air has silent, fanless design and has up to 18 hours of video playback battery life. Says new Air supports fast charge.
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AAPL | Hot Stocks14:04 EDT Apple says new redesigned MacBook Air comes with liquid retina display - Says new MacBook Air has two thunderbolt ports, a camera notch, a liquid retina display, and new mics and speakers. Says new Air just 11.3 millimeters thin, and just 2.7 pounds. Says new Air comes in four finishes and includes large audio jack for various kinds of headphones. Says new Air screen 25% brighter than before and supports over 1,000 colors.
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AAPL | Hot Stocks14:02 EDT Apple announces new MacBook Air fitted with M2 chip - Says MacBook Air is world's best-selling laptop.
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AAPL MA | Hot Stocks14:00 EDT Apple previews iOS 16 with 'biggest update ever to the Lock Screen' - Apple previewed iOS 16, which it said will deliver "the biggest update ever to the Lock Screen, and new sharing, communication, and intelligence features that together change the way users experience iPhone." Apple stated: "iOS 16 introduces iCloud Shared Photo Library to seamlessly share a collection of photos with family, updates to Messages and Mail that help users stay in touch with ease, and powerful enhancements to Live Text and Visual Look Up." In addition, Apple stated: "Apple Pay Later provides users in the US with a seamless and secure way to split the cost of an Apple Pay purchase into four equal payments spread over six weeks, with zero interest and no fees of any kind.3 Built into Apple Wallet and designed with users' financial health in mind, Apple Pay Later makes it easy to view, track, and repay Apple Pay Later payments within Wallet. Users can apply for Apple Pay Later when they are checking out with Apple Pay, or in Wallet. Apple Pay Later is available everywhere Apple Pay is accepted online or in-app, using the Mastercard network." The developer preview of iOS 16 is available to Apple Developer Program members starting today and a public beta will be available to iOS users next month. New software features will be available this fall as a free software update for iPhone 8 and later, Apple stated.
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AAPL | Hot Stocks13:59 EDT Apple unveils new M2 chip for Mac - Says next generation of Apple Silicon chip coming to Mac computers. Says M2 has 18% greater performance than M1 and 1.9x faster performance than the latest 10-core PC laptop chip. Says M2 has 25% more GPU performance than M1 at same power level. Says M2 comes with 24GB unified memory, four high-performance cores, and four high-efficiency cores.
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AAPL | Hot Stocks13:57 EDT Apple previews watchOS 9, available this fall as free software update - Apple previewed watchOS 9, which it said "brings new features and enhanced experiences to the world's leading wearable operating system." Apple Watch users "will now have more watch faces to choose from, with richer complications that provide more information and opportunity for personalization. In the updated Workout app, advanced metrics, views, and training experiences inspired by high-performing athletes help users take their workouts to the next level. watchOS 9 brings sleep stages to the Sleep app, and a new FDA-cleared AFib History feature provides deeper insights into a user's condition. The new Medications app makes it easy for users to conveniently and discreetly manage, understand, and track medications," Apple said. The developer beta of watchOS 9 is available to Apple Developer Program members starting today. A public beta will be available to watchOS users next month. watchOS 9 will be available this fall as a free software update for Apple Watch Series 4 or later paired with iPhone 8 or later and iPhone SE second generation or later, running iOS 16.
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AAPL | Hot Stocks13:55 EDT Apple says WatchOS 9 to get medication tracking functionality - Says new WatchOS 9 Fitness app will be available to all iPhone users. Says new Watch health app to come with AFib history feature, which is currently pending FDA clearance. Says Watch to get medication tracking functionality.
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AAPL | Hot Stocks13:46 EDT Apple says WatchOS 9 to come with four new watch faces - Says WatchOS 9 introduces refreshed Siri UI and new banner notifications. Says WatchOS 9 podcast app makes it easier to discover and share new podcasts.
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WORX | Hot Stocks13:45 EDT SCWorx completes settlement of previously disclosed SEC matter - SCWorx announced that the Company has received final court approval for a settlement with the Securities and Exchange Commission, to resolve the SEC matter arising out of the Company's April 13, 2020 press release and the events thereafter. Without admitting or denying the allegations, SCWorx has agreed to a settlement, which has received final court approval, that includes permanent injunctions, the payment of a $125,000 penalty, and disgorgement of $471,000 with prejudgment interest of $32,761.56. SCWorx is expected to satisfy its obligation to pay the disgorgement and prejudgment interest by contributing stock, valued at $600,000 at the time of issuance, to harmed investors in a private class action settlement in Yannes v. SCWorx Corp., et al., 1:20-cv-03349 "As previously stated, I accepted the CEO role on June 1, 2021 and since that time it has been a top priority to resolve legal issues stemming from the April 13, 2020 press release. The SCWorx Officers and Directors are happy to put the SEC matter behind us and dedicating our full efforts towards growing our data management services for healthcare providers," said Tim Hannibal, SCWorx CEO, "The SCWorx management and Board of Directors would like to thank the staff at the SEC for its assistance in resolving this matter. The Company recorded an accrual for the full amount of this penalty in the first quarter of 2022, which was reflected in our 10-Q financial results."
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CCL CUK | Hot Stocks13:45 EDT Carnival says entire Seabourn fleet of five ships back in service - Carnival's Seabourn announced the return of its entire fleet of ultra-luxury ships, with the departure of Seabourn Sojourn from Athens, Greece, today. "The ultra-luxury cruise line now has all five of its ships in operation for the first time since March 2020. This summer, Seabourn Sojourn will join Seabourn Encore and Seabourn Quest in the Mediterranean, while Seabourn Ovation will visit Northern Europe and Seabourn Odyssey will explore Alaska. The excitement will continue for the line when Seabourn Venture, the first of the line's two ultra-luxury, purpose-built expedition ships, embarks on its inaugural expedition this summer," the brand of Carnival Corporation and plc stated.
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AAPL | Hot Stocks13:43 EDT Apple says iOS 16 will include Spacial Audio Profile - Says iOS 16 to get redesigned Home App. Says iOS 16 to also include new features for CarPlay. Says CarPlay to be more deeply integrated with vehicle's systems.
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RIVN | Hot Stocks13:39 EDT Rivian says roadmap focused so cash can support 2025 launch of R2 platform - In a regulatory filing, Rivian Automotive shared the full text of the shareholder letter the company released in advance of its 2022 Annual Meeting. The letter states in part: "We have focused our roadmap to ensure that the $17 billion of cash we had on our balance sheet as of March 31, 2022 can support the 2025 launch and ramp of our R2 vehicle platform... On the consumer side, the R1T and R1S establish the brand and lay the foundation for us to grow and expand our portfolio globally across different price points and form factors, the first of which will be our R2 platform. On the commercial side, our strong partnership with Amazon and its initial order of 100,000 vehicles enables us to work with one of the most sophisticated fleets in the world to demonstrate how electrification and connectivity fundamentally improve the operating costs for commercial fleets - our learnings are not only informing our future commercial variants but also our FleetOS software-as-a-service platform." Reference Link
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AAPL | Hot Stocks13:34 EDT Apple introduces Safety Check in effort to protect domestic abuse victims - Says introducing Safety Check, a feature that allows users to review and reset access settings for people in abusive relationships. Says Safety Check allows users to turn off location sharing, manage app access, and seek help.
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VZ | Hot Stocks13:31 EDT Verizon appoints Sowmyanarayan Sampath as CEO, Verizon Business - Verizon announced the appointment of Sowmyanarayan Sampath to EVP and CEO of Verizon Business, effective July 1, 2022. He will succeed Tami Erwin, who will assume the role of Strategic Advisor to the CEO until the end of 2022. Sampath will report directly to Hans Vestberg, Verizon Chairman and CEO. Sampath joined Verizon in 2014 and currently serves as Chief Revenue Officer for Verizon Business.
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AAPL | Hot Stocks13:28 EDT Apple News to get more sports-related features - Says ApplePay to get "pay later" features. Says bringing new Apple Maps to 11 more countries soon. Says Apple Maps to get multi-stop routing feature. Says Apple News to get more sports-related features, will be available in U.S., U.K., Canada, and Australia.
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AFRM... | Hot Stocks13:26 EDT Affirm, Block on watch as Apple previews "buy now, pay later" feature - At its WWDC event, Apple (AAPL) announced it will be be adding a "buy now, pay later" feature to Apple Pay. Affirm (AFRM) and Block's (SQ) Afterpay offer "buy now, pay later" services.
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AAPL | Hot Stocks13:18 EDT Apple says iOS 16 brings SharePlay feature to Messages app - Says iOS 16 to give Messages new features, including ability to edit or unsend texts and mark threads as unread. Says iOS 16 brings SharePlay feature to Messages app. Says iOS 16 also includes updates to dictation in Messages. Says iOS 16 also has better Siri integration.
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ACN | Hot Stocks13:11 EDT Accenture acquires technology consultancy and managed services provider Advocate - Accenture announced it has acquired Advocate Networks, a technology consultancy and managed services provider of Technology Business Management solutions that help organizations create business value, achieve cost savings and modernize their technology platforms. Keith Boone, Accenture's North America Technology Strategy & Advisory lead, said, "With the powerful combination of Accenture and Advocate, we will offer a multitude of industry-leading resources and capabilities to help our clients measure the value of technology initiatives in a clear, quantifiable manner." Terms of the transaction were not disclosed.
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AAPL | Hot Stocks13:11 EDT Apple unveils iOS 16 with new lockscreen features - Says iOS 16 offers new intelligence, sharing, and communication features. Says new lockscreen featuers coming with iOS 16. Says iOS 16 notifications improved in Live Activities. Comments taken from Apple's Worldwide Developers Conference keynote event.
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PRLB | Hot Stocks13:02 EDT Protolabs names interim CFO Dan Schumacher as CFO - Protolabs announced Dan Schumacher as its new Chief Financial Officer effective immediately. Schumacher was currently serving as interim CFO at Protolabs. Before joining Protolabs, he held financial leadership roles at Stratasys and Rockwell Automation.
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TSLA TWTR | Hot Stocks12:14 EDT Musk says waiving due diligence does not mean accepting understated bots - Tesla (TSLA) CEO Elon Musk responded with "correct" to the tweet: "$TWTR can be liable for omissions of OR misleading material facts. Waiving due diligence DOES NOT mean you have to accept a fraudulent disclosure (understated bots)."
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MSFT | Hot Stocks12:14 EDT Microsoft announces Xbox Game Showcase Extended event on June 14 - Microsoft announced its Xbox Game Showcase Extended event on June 14, 2022 at 10:00 am PT, where the company will share new trailers, take deeper looks at the news from the Xbox & Bethesda Games Showcase and speak with some game creators. The Xbox & Bethesda Games Showcase will occur two days prior.
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AXON | Hot Stocks12:13 EDT Axon halts drone project, ethics panel members resign - Axon founder and CEO Rick Smith said on Sunday: "Axon was founded on our mission to protect life. All of us here at Axon are focused on identifying solutions that can stop mass shootings and save lives. We are constantly challenging ourselves to think differently and outside the box because too many families and communities have endured unspeakable tragedy. We recently introduced new ideas and concepts to achieve these objectives. One of them is an early-stage concept that we felt was worthy of exploring further and to share into the important public debate that is happening. This concept is to use non-lethal drones with TASER weapon capabilities, pre-installed in public spaces, that may able to stop a mass-shooting in a matter of minutes. We felt it was important to have a conversation about this potential technology transparently with the public. Our announcement was intended to initiate a conversation on this as a potential solution, and it did lead to considerable public discussion that has provided us with a deeper appreciation of the complex and important considerations relating to this matter. I acknowledge that our passion for finding new solutions to stop mass shootings led us to move quickly to share our ideas. However, in light of feedback, we are pausing work on this project and refocusing to further engage with key constituencies to fully explore the best path forward. I announced a potential delivery date a few years out as an expression of what could be possible; it is not an actual launch timeline, especially as we are pausing that program." Smith also said: "We are also committed to enhancing our processes to better leverage alternative opinions to fuel our learning and innovation. This includes views from our ethics advisory panel, which can provide deeper insight into our constituencies and can inform solutions that accomplish our goal of saving lives while also balancing the important interests of our different stakeholders. Making the world a safer place is a big task, and there are complicated issues we need to address. It is unfortunate that some members of Axon's ethics advisory panel have chosen to withdraw from directly engaging on these issues before we heard or had a chance to address their technical questions. We respect their choice and will continue to seek diverse perspectives to challenge our thinking and help guide other technology options that we should be considering." Shares of Axon are down 1.4% to $101.64 in midday trading.
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IBM | Hot Stocks12:03 EDT IBM plans to acquire Randori, terms not disclosed - IBM at RSAC 2022 announced it plans to acquire Randori, am attack surface management and offensive cybersecurity provider based in the Boston area. Randori helps clients continuously identify external facing assets, both on-premise or in the cloud, that are visible to attackers - and prioritize exposures which pose the greatest risk. Today's news further advances IBM's Hybrid Cloud strategy and strengthens its portfolio of AI-powered cybersecurity products and services. Investigations into recent data breaches have shown that despite increased investment, companies continue to struggle with managing their attack surface. In fact, 67% of organizations saw their external attack surface expand over the past two years due to the rising use of cloud, third-party services, the Internet of Things and cyber-physical systems. And 69% have been compromised via unknown, unmanaged, or poorly managed internet-facing asset in the past year. The company said, "Randori is a hacker led company, with software to help security teams discover gaps, assess risks, and improve their security posture over time by delivering an authentic attack experience at scale. Designed to help security teams zero in on previously unknown exposure points, Randori's unique attack surface management solution takes into account the logic of an adversary based on real-world attacks - and is the only one to prioritize based on level of risk as well as the attractiveness of an asset to potential attackers using their proprietary scoring system. Their unique approach has led to the development of a cloud native solution that provides better prioritization of vulnerabilities and reduces noise by focusing on customers' unique attack surface. By simply entering an email domain, Randori will begin mapping a customer's attack surface, helping to identify shadow IT risks and potential entry points for ransomware. Headquartered in Waltham, MA, with offices in Denver, CO, Randori is backed by Accomplice, .406 Ventures, Harmony Partners and Legion Capital." Financial terms were not disclosed. The transaction is expected to close in next few months, subject to customary closing conditions and any required regulatory reviews. Upon close of the acquisition, IBM plans to integrate Randori's attack surface management software with the extended detection and response capabilities of IBM Security QRadar. By feeding insights from Randori into QRadar XDR, security teams will be able to leverage real-time attack surface visibility for intelligent alert triage, threat hunting, and incident response. This can help eliminate the need for customers to manually monitor new critical applications and respond quickly when new issues or emerging threats arise on their perimeter.
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JBLU... | Hot Stocks12:02 EDT JetBlue commits to more jobs, better pay in message to Spirit team members - JetBlue (JBLU) released a letter and video message to Spirit (SAVE) Team Members who are following the upcoming shareholder vote and JetBlue's proxy campaign. The message was released to ensure that Spirit Team Members are aware of JetBlue's commitment to them should a combination with Spirit move forward, JetBlue says. "JetBlue has an incredibly strong culture and set of values, and we know you do too. If we have the opportunity to move forward as one company, we plan to offer you the benefits of working for JetBlue: We offer higher pay and better benefits than either Spirit or Frontier (ULCC). A combined JetBlue and Spirit will grow and add more well-paying jobs across our network. As we said before, we will match retention incentives for all those who have been promised them. We believe it is critical that great talent stays through the transition and pursues long-term careers with JetBlue. We are proud to have never furloughed any Crewmembers or sent a WARN Act notice in our 22-year history, and we continue to stand behind our no furlough commitment... For all the good things we want you to know about JetBlue, it's no secret that we are still emerging from the pandemic, and this is a tough business even in the best of times. While every company hits bumps in the road from time to time and faces difficult situations where reasonable people disagree, at JetBlue, we always work very hard to do the right thing by our Crewmembers and Customers in those moments, keeping our mission to 'Inspire Humanity' in mind. We have many challenges that together we can address more effectively. We can't predict how all of this will play out, but we can say one thing for certain: we will warmly welcome Spirit's 10,000-plus Team Members into JetBlue if given the opportunity. We have a chance to build with you the fifth-largest airline that Customers deserve. An airline that offers both low fares and award-winning service. An airline that truly challenges the Big Four with a product and price they can't ignore. An airline that Customers love. An airline that all of us can feel proud to say we work for every day."
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HLGN | Hot Stocks12:00 EDT Heliogen falls -19.4% - Heliogen is down -19.4%, or -84c to $3.50.
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STRY | Hot Stocks12:00 EDT Starry falls -25.9% - Starry is down -25.9%, or -$2.75 to $7.87.
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OWLT | Hot Stocks12:00 EDT Owlet falls -32.6% - Owlet is down -32.6%, or -$1.70 to $3.51.
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GENI | Hot Stocks12:00 EDT Genius Sports rises 16.8% - Genius Sports is up 16.8%, or 52c to $3.58.
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ASPN | Hot Stocks12:00 EDT Aspen Aerogels rises 17.9% - Aspen Aerogels is up 17.9%, or $3.18 to $20.94.
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USER | Hot Stocks12:00 EDT UserTesting rises 18.4% - UserTesting is up 18.4%, or $1.10 to $7.08.
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APDN | Hot Stocks11:32 EDT Applied DNA Sciences, EvviVax announce publication of LinearDNA data - Applied DNA Sciences and its program development partner, EvviVax announced the peer-reviewed publication of preclinical animal data in The Journal of Experimental & Clinical Cancer Research that supports the use of Applied DNA's LinearDNA platform to produce veterinary DNA cancer vaccines. LinearDNA is Applied DNA's proprietary, large-scale polymerase chain reaction-based manufacturing platform that allows for the large-scale, cell-free production of high-fidelity DNA sequences. The paper, titled "Linear DNA Amplicons as a Novel Cancer Vaccine Strategy" and previously published on the non-refereed, open-access preprint archive bioRxiv in February 2022, investigated two LinearDNA therapeutic cancer vaccines that were found to produce a strong immune and specific antitumoral response in mouse models using electro-gene-transfer as the delivery method. Applied DNA has exclusively licensed the anti-telomerase reverse transcriptase cancer vaccine studied in the paper for its LinearDNA platform for veterinary applications. Based on the positive data from the paper, Applied DNA intends to initiate an initial clinical trial for canine B-cell lymphoma in the current calendar year to validate the TERT cancer vaccine in conjunction with a lipid nanoparticle-based delivery system.
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DBGI | Hot Stocks11:29 EDT Digital Brands told not in compliance with Nasdaq listing rules - In a regulatory filing, Digital Brands Group disclosed that on May 31, the company received a letter from the Listing Qualifications Staff of the Nasdaq Stock Market indicating that the bid price of the company's common stock had closed below $1.00 per share for 30 consecutive business days and, as a result, the company is not in compliance with Nasdaq listing rules. The filing stated: "Nasdaq's notice has no immediate effect on the listing of the company's ordinary shares on Nasdaq... If the company does not regain compliance with the bid price requirement by November 28, 2022, the company may be eligible for an additional 180-calendar day compliance period so long as it satisfies the criteria for initial listing on the Nasdaq Capital Market and the continued listing requirement for market value of publicly held shares and the company provides written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary... The company intends to closely monitor the closing bid price of the common stock and consider all available options to remedy the bid price deficiency to regain compliance with the minimum bid requirement."
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LAW | Hot Stocks11:28 EDT DISCO appoints Tom Furr as CMO - DISCO welcomed two new leaders who will further differentiate DISCO as the company continues its innovation to be the technology that powers legal. Tom Furr joins DISCO as chief marketing officer, and Katie DeBord joins as vice president of product strategy. Tom Furr will own strategy and execution across brand, communications, demand generation, sales enablement, field marketing, digital and performance marketing, creative, and communities. Reporting to the chief revenue officer and a member of the senior leadership team, Tom will further secure DISCO's reputation as a technology leader and innovator while establishing legaltech as a fast growing and socially important technology category. Tom most recently served as the vice president of brand marketing at MongoDB, where he was responsible for how MongoDB shows up in the world. Reporting to the Chief Product Officer, Katie DeBord will help guide DISCO's product strategy as the company continues to expand its offerings across the litigation lifecycle and into new practice areas. A proven leader in scaling legal practice transformation, she will partner closely with customers to further establish DISCO as the partner of choice for legal teams embracing technology to achieve better legal outcomes. Most recently, Katie was the global chief innovation officer at Bryan Cave Leighton Paisnere.
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SOPH GE | Hot Stocks11:15 EDT Sophia Genetics provides update on DEEP-Lung-IV study at ASCO 2022 - SOPHiA GENETICS (SOPH) provided an update on its multimodal DEEP-Lung-IV clinical study -- NCT04994795 -- at the 2022 American Society of Clinical Oncology Annual Meeting. To date, 19 sites across seven countries have signed up for participation in the study, including Roswell Park Comprehensive Cancer Center in New York. Early findings are promising and conceptually validate the potential for multimodal signatures to predict response to immuno-chemotherapy at the individual patient level, the company said, adding that first results will be discussed during SOPHiA GENETICS' joint Innovation Symposium with GE Healthcare on Monday, June 6, at 6:30 pm CDT. SOPHiA GENETICS has also entered into an agreement with GE Healthcare (GE) to utilize their Imaging Fabric Core and Imaging Fabric Annotation Template, as part of the Edison Digital Health Platform. In the context of the DEEP-Lung-IV clinical study, Imaging Fabric services will be used to visualize, segment, and annotate lung lesions for medical imaging visualization and annotation purposes. This allows SOPHiA GENETICS to further accelerate proprietary radiomics analytics workflows in the context of the study, in particular to move towards automatic whole-body tumor identification, segmentation, and quantification, the company said.
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EBR | Hot Stocks11:09 EDT Centrais Electricas trading resumes
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SGEN GMAB | Hot Stocks11:04 EDT Seagen, Genmab present data from tisotumab vedotin clinical development program - Seagen announced interim data from the innovaTV 205 trial, which included data evaluating tisotumab vedotin in combination with pembrolizumab in patients with recurrent or metastatic cervical cancer who have not received prior systemic therapy, with a confirmed objective response rate of 41% and median durability of response that was not reached within almost 19 months of median follow up. Data were presented during an oral session at the American Society of Clinical Oncology 2022 Annual Meeting on June 6. Dose expansion Cohort E enrolled 33 patients with recurrent or metastatic cervical cancer who had not received any prior systemic therapy. At the time of data cutoff, the confirmed ORR among 32 evaluable patients was 41% with 16% of patients achieving complete responses and 25% of patients achieving partial responses. Median duration of response was not reached. Median progression-free survival was 5.3 months. Building on data presented at the European Society for Medical Oncology Congress 2021, additional longer-term follow-up data from Cohorts D and Cohort F of the innovaTV 205 trial were also included in the ASCO 2022 oral presentation. In Cohort E, the most common treatment-emergent adverse events were alopecia, diarrhea, epistaxis, conjunctivitis, and nausea. Prespecified adverse events of interest with tisotumab vedotin included ocular, peripheral neuropathy, and bleeding. Tisotumab vedotin in combination with pembrolizumab across lines of treatment, and with carboplatin in first-line, demonstrated a tolerable and manageable safety profile. Across all three cohorts, no new safety signals were reported outside of known adverse events associated with the individual agents. Tisotumab vedotin is approved for treatment of patients with previously treated recurrent or metastatic cervical cancer in the US and is commercialized under the tradename TIVDAK. One highlight of real-world studies presented is a poster discussion on the Cervical Cancer Geographical Burden Analyzer. This is an open access, web-based, interactive tool to visualize geographical areas in the US where cervical cancer education or healthcare resource needs are high. Additional updates from the tisotumab vedotin clinical development program were presented at the ASCO 2022 Annual Meeting, including trial-in-progress overviews for innovaTV 205/ENGOT-cx8/GOG-3024 evaluating first-line tisotumab vedotin in combination with pembrolizumab, carboplatin and bevacizumab in first-line r/mCC; and for innovaTV 207 Part D evaluating tisotumab vedotin in combination with pembrolizumab and platinum in squamous cell carcinoma of the head and neck and squamous cell non-small cell lung cancer.
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PFE | Hot Stocks11:04 EDT Pfizer to invest $120M at Michigan facility for Paxlovid production - Pfizer announced that it will "further strengthen its commitment" to United States manufacturing with a $120M investment at its Kalamazoo, Michigan, facility, enabling U.S.-based production in support of its COVID-19 oral treatment, Paxlovid. The investment will expand the production of active pharmaceutical ingredient and registered starting materials used in the manufacture of nirmatrelvir, a novel main protease inhibitor originating in Pfizer's laboratories, which will create more than 250 additional jobs at Pfizer's Kalamazoo site, the company said in a statement. Pfizer also plans to expand its Modular Aseptic Processing sterile injectable pharmaceutical production facility in Kalamazoo with a phase two investment. The expansion adds to the initial investment of $450M in phase one to build a 400,000-square-foot production facility.
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EBR | Hot Stocks10:38 EDT Centrais Electricas trading halted, news pending
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SOL... | Hot Stocks10:36 EDT President Biden announces executive action on clean energy technologies - The White House released a fact sheet that states in part: "While President Biden continues pushing Congress to pass clean energy investments and tax cuts, he is taking bold action to rapidly build on this progress and create a bridge to this American-made clean energy future. Today, President Biden is taking action to: Authorize use of the Defense Production Act to accelerate domestic production of clean energy technologies, including solar panel parts; Put the full power of federal procurement to work spurring additional domestic solar manufacturing capacity by directing the development of master supply agreements, including "super preference" status; and create a 24-month bridge as domestic manufacturing rapidly scales up to ensure the reliable supply of components that U.S. solar deployers need to construct clean energy projects and an electric grid for the 21st century, while reinforcing the integrity of our trade laws and processes. Together, these actions will spur domestic manufacturing, construction projects, and good-paying jobs - all while cutting energy costs for families, strengthening our grid, and tackling climate change and environmental injustice." Publicly traded companies in the solar energy space include Array Technologies (ARRY), Canadian Solar (CSIQ), FTC Solar (FTCI), First Solar (FSLR), JinkoSolar (JKS), Maxeon Solar (MAXN), ReneSola (SOL), Shoals Technologies (SHLS), SolarEdge (SEDG) and SunPower (SPWR). Reference Link
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SAIL PLAN | Hot Stocks10:14 EDT SailPoint slips after Thoma Bravo cuts price in Anaplan takeover - Shares of SailPoint Technologies (SAIL) are down $2.06, or 3%, to $62.24 in morning trading after Anaplan (PLAN) announced earlier that they have amended the terms of their previously announced transaction pursuant to which Anaplan will be acquired by software investment firm Thoma Bravo. Under the terms of the amended merger agreement, Anaplan stockholders will receive $63.75 per share in cash, instead of the original purchase price of $66.00 per share in cash. Previously, SailPoint announced a definitive agreement pursuant to which Thoma Bravo will acquire the company in an all-cash transaction for $65.25 per share. On June 1, SailPoint had announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the company's pending transaction with Thoma Bravo. At that time, SailPoint had stated that the transaction was still expected to close in the second half of 2022.
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SAVE JBLU | Hot Stocks10:13 EDT Spirit Airlines board to review updated proposal from JetBlue - Spirit Airlines (SAVE) confirmed receipt of an updated proposal from JetBlue Airways (JBLU) to acquire all of the outstanding shares of Spirit's common stock. Consistent with its fiduciary duties, the Spirit Board of Directors will work with its financial and legal advisors to evaluate JetBlue's proposal and pursue the course of action it determines to be in the best interests of Spirit and its stockholders. The Board will conduct this evaluation in accordance with the terms of the Company's merger agreement with Frontier and respond in due course. Spirit shareholders do not need to take any action at this time.
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FOXA... | Hot Stocks10:05 EDT Fox Corp. names Gabrielle Brown as chief investor relations officer - Fox Corporation (FOXA) announced the company's new head of investor relations. Gabrielle Brown has been named Executive Vice President and Chief Investor Relations Officer for Fox Corporation. The role will be based in New York, and she will report to Steve Tomsic, CFO. Brown succeeds Joe Dorrego, who established the FOX investor relations team in 2019 and has continued in that role after being named Chief Operating and Chief Financial Officer at FOX News Media in 2020. Brown will join FOX from UBS (UBS), where she most recently served as a Managing Director specializing in the global internet and media industries.
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TUP VRA | Hot Stocks10:04 EDT Tupperware, Vera Bradley collaborate for collection of reusable food products - Tupperware and Vera Bradley announce the launch of their first-ever, limited-time collaboration. Just in time for summer, the new Tupperware and Vera Bradley line features must-have, fan-favorite Tupperware food and drinkware containers with Vera Bradley's signature fun, vibrant patterns. From daisies to sunflowers, each nature-inspired collection includes a reusable ECO+ Water Bottle, Snack Set, and Sandwich Keeper. Select patterns of the Tupperware and Vera Bradley collection are available now for a limited time by ordering directly through a Tupperware independent representative as well as Tupperware.com. The complete collection, with matching backpacks and totes featuring the collaboration's patterns, can be found at verabradley.com and in select Vera Bradley stores across the U.S.
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VRTX | Hot Stocks10:03 EDT Vertex Pharmaceuticals presents data from VX-880 Phase 1/2 clinical trial - Vertex Pharmaceuticals provided additional data on patients dosed in Part A of its Phase 1/2 clinical trial of VX-880, an investigational stem cell-derived, fully differentiated pancreatic islet cell replacement therapy for people with T1D with impaired hypoglycemic awareness and severe hypoglycemia. As reported last month, both patients treated with half the target dose of VX-880 achieved glucose-responsive insulin production, improvements in glycemic control and reductions in exogenous insulin requirements. The data presented today show significant increases in the blood glucose time-in-range compared to baseline, following treatment with VX-880. Time spent in target range is a clinically important metric in diabetes management that reflects the amount of time a patient's blood glucose level is measured in the desired, target blood sugar range. The accepted American Diabetes Association/European Association for the Study of Diabetes target for time-in-range is 70%. These data were presented during the American Diabetes Association 82nd Scientific Sessions Conference on June 6, 2022 in New Orleans, Louisiana from 9:00 to 9:15 a.m. CDT as an oral abstract presentation, "Stem Cell-Derived, Fully Differentiated Islet Cells for Type 1 Diabetes". The presentation included data from both patients dosed in Part A of the study, designed to assess the safety profile of VX-880 at half the target dose. Patient 1 showed a blood glucose time-in-range increase from 40.1% at baseline to 99.9% at Day 270 and was insulin independent. Patient 2 showed a time-in-range increase from 35.9% at baseline to 51.9% at Day 150 with a 30% reduction in exogenous insulin use. VX-880 has been generally well tolerated in all patients dosed to date, with the majority of adverse events being mild or moderate. Additional Vertex presentations at ADA this year included an oral presentation, "Persistence of Impaired Awareness of Hypoglycemia, Severe Hypoglycemic Events and Suboptimal Glycemic Control Despite Advanced Diabetes Technologies", and poster, "Gaps Remain in Achieving Target T1D Glycemic Goals Despite Advanced Technologies". To date, three patients have been dosed in the Phase 1/2 study with VX-880. Two patients received half the target dose of cells in Part A of the study. A third patient has received the full target dose in Part B of the study. Vertex is also pursuing additional programs in T1D, including one in which these same stem cell-derived islets are encapsulated in an immunoprotective device to be surgically implanted without the use of concomitant immunosuppression, and another program where cells are modified to produce hypoimmune stem cell-derived islets. IND-enabling studies for the encapsulated cells program are underway, and the company remains on track to submit an IND in 2022.
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GSK | Hot Stocks10:03 EDT GSK announces FDA approval of Priorix for prevention of measles, mumps - GSK plc announced that the US Food and Drug Administration has approved PRIORIX for active immunization for the prevention of measles, mumps and rubella in individuals 12 months of age and older. PRIORIX is currently licensed in more than 100 countries worldwide, including all European countries, Canada, Australia and New Zealand, with more than 800 million doses distributed to date. "We're proud to make PRIORIX available in the US for the first time, adding a choice for providers to help protect patients against these highly-contagious diseases and to further strengthen offerings in our pediatric vaccine portfolio," said Judy Stewart, Senior Vice President and Head of US Vaccines, GSK. The safety of PRIORIX was evaluated in six clinical studies, in which a total of 12,151 participants received at least one dose of PRIORIX: 8,780 children 12 through 15 months of age; 2,917 children 4 through 6 years of age; and 454 adults and children 7 years of age and older. The most commonly reported adverse reactions were pain, redness, swelling, loss of appetite, irritability, drowsiness and fever. The efficacy of PRIORIX was demonstrated based on immunogenicity data versus the comparator vaccine.
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NEE NEP | Hot Stocks10:02 EDT NextEra Energy CEO says solar tariffs pause 'an important step' to help recovery - NextEra Energy (NEE) President and CEO and NextEra Energy Partners (NEP) CEO John Ketchum issued the following statement regarding today's announcement on solar tariffs: "The Biden administration's announcement of a two-year pause on new solar tariffs is an important step to help the solar industry recover from the uncertainty of the last three months. I want to thank the administration for recognizing the challenges that trade uncertainty presents to our industry and the country and for taking this important action. NextEra Energy has and will continue to use our industry leadership to support more U.S. solar manufacturing. We look forward to working with the administration on this effort and putting hard working Americans back to work in the solar industry."
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QTWO | Hot Stocks10:00 EDT Q2 Holdings falls -13.5% - Q2 Holdings is down -13.5%, or -$7.18 to $45.99.
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KOLD | Hot Stocks10:00 EDT ProShares UltraShort Bloomberg Natural Gas falls -14.6% - ProShares UltraShort Bloomberg Natural Gas is down -14.6%, or -$3.21 to $18.74.
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SES | Hot Stocks10:00 EDT SES falls -16.6% - SES is down -16.6%, or -$1.01 to $5.07.
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ASPN | Hot Stocks10:00 EDT Aspen Aerogels rises 13.2% - Aspen Aerogels is up 13.2%, or $2.34 to $20.10.
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KORE | Hot Stocks10:00 EDT Kore Group rises 13.9% - Kore Group is up 13.9%, or 57c to $4.72.
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YMM | Hot Stocks10:00 EDT Full Truck Alliance rises 14.5% - Full Truck Alliance is up 14.5%, or $1.00 to $7.90.
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AERC | Hot Stocks09:51 EDT AeroClean receives FDA clearance for Purgo technology - AeroClean Technologies announced that the U.S. Food and Drug Administration has granted AeroClean's Purgo technology 510(k) clearance, classifying it as a Class II Medical Device. The clearance was provided after a thorough review of the patented Purgo device, which utilizes patented germicidal UV-C LED air purification technology and is proven to eliminate 99.99% of harmful airborne microorganisms, including bacteria, fungi and viruses, like COVID-19
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AMZN | Hot Stocks09:51 EDT Amazon.com trading near $125 following 20-for-1 stock split - Amazon's previously disclosed 20-for-1 stock split became effective with the open of trading this morning. In early trading, Amazon shares are up $3.12, or 2.5%, to $125.47.
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IMTE | Hot Stocks09:49 EDT Intergrated Media Technology Ltd trading resumes
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GHL | Hot Stocks09:47 EDT Greenhill & Co. falls -8.9% - Greenhill & Co. is down -8.9%, or -$1.07 to $11.00.
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QTWO | Hot Stocks09:47 EDT Q2 Holdings falls -10.7% - Q2 Holdings is down -10.7%, or -$5.67 to $47.51.
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KOLD | Hot Stocks09:47 EDT ProShares UltraShort Bloomberg Natural Gas falls -15.1% - ProShares UltraShort Bloomberg Natural Gas is down -15.1%, or -$3.31 to $18.64.
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NOVA | Hot Stocks09:47 EDT Sunnova Energy rises 13.4% - Sunnova Energy is up 13.4%, or $2.87 to $24.25.
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AMPS | Hot Stocks09:47 EDT Altus Power rises 14.3% - Altus Power is up 14.3%, or $1.02 to $8.21.
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YMM | Hot Stocks09:47 EDT Full Truck Alliance rises 25.4% - Full Truck Alliance is up 25.4%, or $1.75 to $8.65.
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IMTE | Hot Stocks09:39 EDT Intergrated Media Technology Ltd trading halted, volatility trading pause
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SDXAY | Hot Stocks09:35 EDT Sodexo's InReach acquires VendEdge, terms not disclosed - Sodexo announced that its convenience business, InReach, has acquired VendEdge, a full-service vending company in the southeastern U.S. The company said, "Leveraging InReach distribution Centers, Sodexo services clients with or without on-site kitchens with fresh food, baristas, local favorites, catered lunches, snacks and beverages. Sodexo's InReach is a leader in convenience solutions, meeting evolving needs through dynamic spaces and providing delicious food and drinks. In doing so, Sodexo's InReach recharges wellness and ignites productivity for clients. Along with the acquisition of the vending business, Thornton will remain intimately involved in leading the Vend Purchase Group - a separate company not impacted by this transaction."
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IMTE | Hot Stocks09:32 EDT Integrated Media's Ace Corporation enters agreement with Hainan Pansuo Art - Integrated Media Technology announces that the company's subsidiary Ace Corporation has entered into a cooperation agreement with Hainan Pansuo Art and Culture Development to establish a strategic partnership to provide one-stop blockchain traceability, automated NFT production, electronic settlement and related development and technical support.
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LEXX | Hot Stocks09:31 EDT Lexaria Bioscience files pre-IND meeting request letter with FDA - Lexaria Bioscience announced it has filed a pre-Investigational New Drug meeting request letter with the U.S. Food and Drug Administration. The FDA has already responded to and confirmed Lexaria's filing. A target date of July 30, 2022, has been provided to Lexaria, subject to certain conditions being met. The request for a pre-IND meeting formally initiates communications with the FDA regarding development of Lexaria's DehydraTECH-CBD for the treatment of hypertension. The purpose of the pre-IND meeting will be to confirm the details and acceptability of Lexaria's ongoing IND-enabling development program to be completed thereafter prior to proceeding with its full IND application filing expected in late 2022 / early 2023. In pre-clinical and exploratory clinical studies conducted to-date, Lexaria has repeatedly evidenced efficacy in utilizing DehydraTECH-CBD to reduce blood pressure while avoiding negative serious adverse effects. Efficacy and lack of negative side effects are two major objectives of FDA-registered clinical studies. Lexaria will update progress on its FDA program for DehydraTECH-CBD when there are material developments.
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NEXA | Hot Stocks09:30 EDT Nexa Resources CFO Rodrigo Menck resigns - Nexa Resources announces that Mr. Rodrigo Menck, Senior Vice President of Finance and Group CFO, has informed that he will be stepping down from his role of CFO as of July 06, 2022. Menck joined Nexa in 2016 and served as Head of Treasury & Investor Relations prior to being nominated as CFO in January 2019. Nexa has initiated a search to identify its next CFO and for the interim period, Mrs. Claudia Torres, head of Corporate Controller, has been appointed as CFO.
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OP | Hot Stocks09:29 EDT OceanPal announces time charter contract for m/v Salt Lake City - OceanPal announced that, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore for its Capesize dry bulk vessel, the m/v Salt Lake City. The gross charter rate is US$29,750 per day minus a 5% commission paid to third parties, for a period of minimum four months up to maximum seven months. The charter is expected to commence on June 8, 2022. The m/v Salt Lake City is currently chartered to C Transport Maritime Ltd., Bermuda at a gross charter rate of US$13,000 per day, minus a 5% commission paid to third parties. The "Salt Lake City" is a 171,810 dwt Capesize dry bulk vessel built in 2005. The employment of "Salt Lake City" is anticipated to generate approximately US$3.57 million of gross revenue for the minimum scheduled period of the time charter.
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DLPN | Hot Stocks09:27 EDT Dolphin Entertainment announces change of auditor to Grant Thornton - Dolphin Entertainment announced that its Audit Committee approved the engagement of Grant Thornton as the Company's new independent registered public accounting firm, effective June 3, 2022. The Committee dismissed its prior registered independent public accounting firm on May 27, 2022. The Company is working closely with Grant Thornton and its prior registered independent public accounting firm to ensure a seamless transition.
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GDYN | Hot Stocks09:26 EDT Grid Dynamics signs strategic partnership with Secret Double Octopus - Grid Dynamics Holdings announced a strategic partnership with Secret Double Octopus, a leader in next-generation workforce authentication solutions. The Octopus Authentication Platform provides a unified user experience and a consistent way to access workstations, remote services, cloud applications, and on-prem systems while providing stronger protection against cyber-attacks. The Secret Double Octopus partnership will provide Grid Dynamics' significant roster of worldwide Fortune 1000 customers access to multifactor authentication offerings, at a time when multifactor authentication is of critical importance, given the prevalence of remote work. McKinsey estimates approximately 20 to 25% of advanced economy workforces work from home between three to five days a week, a four to five times higher percentage than before the pandemic.
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NEXA | Hot Stocks09:26 EDT Nexa Resources CFO Rodrigo Menck to step down - Nexa Resources announced that Rodrigo Menck, senior VP of finance and group CFO, has informed that he will be stepping down from his role of CFO as of July 06. Menck joined Nexa in 2016. Rodrigo was directly involved in Nexa's IPO and through his leadership, the company was successful on fundraising in capital markets and managing its capital structure, particularly during the pandemic. Nexa has initiated a search to identify its next CFO and for the interim period, Claudia Torres, head of corporate controller, has been appointed as CFO.
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MNTX | Hot Stocks09:25 EDT Manitex appoints Michael Coffey to board of directors - Manitex International announced that Michael Coffey, the Company's CEO, has been appointed to the Board of Directors.
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NLSP | Hot Stocks09:25 EDT NLS Pharmaceutics appoints Chad Hellmann as CFO - NLS Pharmaceutics announces that Chad Hellmann has been appointed to the position of CFO. Serving most recently as CFO and co-portfolio manager of Arcus Ventures, Mr. Hellmann brings to NLS significant expertise in developing and implementing operational strategies and capital markets solutions for life sciences companies. NLS also announces that Subhasis Roy has resigned as Interim CFO and will remain a consultant to the Company through June 30, 2022 to assist with the CFO transition.
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VINE | Hot Stocks09:24 EDT Fresh Vine is new IGA strategic red oval partner - Fresh Vine Wine announced an innovative partnership with The Independent Grocers Alliance, IGA, and its Better Choices program, focused on the health and wellness of the customers that visit IGA's more than 8,000 grocery retailers worldwide. The partnership aims to educate independent retailers further on meal preparations incorporating Better Choices products, by demonstrating innovative ways to pair Fresh Vine Wine as the Better Choice option on the market for IGA shoppers to enjoy. Rick Nechio, President of Fresh Vine Wine, said, "IGA and its Better Choices program is a perfect partner for Fresh Vine Wine, as we both believe today's consumers have an expectation that retailers can and should support their health-and-wellness goals. In cooperation with IGA, this program will develop a marketing campaign that aligns with the IGA Better Choices marketing position, highlighting the wine's quality, taste and overall Better Choices attributes. Among the many initiatives, we will create an online Retail Learning Institute course that will provide independent grocery store owners and their teams insightful strategies, tactics and plans on how to market, merchandise, and sell premium wines including optimal pairings and Better Choices-branded recipes created by celebrity chefs just for IGA shoppers. We could not be more pleased to be partnering with IGA and are looking forward to a long and mutually beneficial relationship."
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IBRX | Hot Stocks09:24 EDT ImmunityBio announces data from BCG-unresponsive NMIBC trial at ASCO - ImmunityBio announced new positive data from the company's pivotal Phase 2/3 trial for BCG-unresponsive non-muscle invasive bladder cancer NMIBC, carcinoma in situ and Phase 2 trial in advanced pancreatic cancer . The results, which were presented during the 2022 American Society of Clinical Oncology Annual Meeting, demonstrate the strong and diverse growth of ImmunityBio's immunotherapy platform that includes an IL-15 superagonist , adenovirus vaccine platform, and engineered off-the-shelf natural killer cell therapy. Together with the company's self-amplifying RNA and yeast platforms, and Toll receptor activators, along with clinical progress across a range of highly challenging cancer types and commercial-scale manufacturing capabilities, ImmunityBio believes that it is well positioned to change the paradigm of care in cancer and infectious disease. The data demonstrate a potential new option for BCG-unresponsive non-muscle invasive bladder cancer patients who were treated with Bacillus Calmette-Guerin plus N-803 and the doubling of historic overall survival rates in patients with advanced pancreatic cancer who were treated with the Nant Cancer Vaccine, N-803 , and off-the-shelf PDL1-targeted high-affinity NK cell infusion. "Collectively, bladder cancer and pancreatic cancer claim more than half a million lives globally each year, with many patients failing to respond to the current standards of care," said Sandeep Bobby Reddy, M.D., Chief Medical Officer at ImmunityBio. "In dozens of studies, we have shown that N-803 proliferates NK and T cells and thus serves as an enhancing secondary boost, augmenting the immunological response when given in combination with BCG or a checkpoint inhibitor. This mechanism of action of inducing trained innate immune memory, through the combination of N-803 and a prime, contributes we believe to the compelling results we're seeing in these important trials."
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AVGR | Hot Stocks09:24 EDT Avinger announces presentations by KOLs at NCVH conference - Avinger announced two podium presentations featuring the company's Lumivascular technology at the New Cardiovascular Horizons annual conference, which took place May 31 through June 3 in New Orleans. Key opinion leaders in the fields of interventional cardiology and endovascular interventions highlighted Avinger's Lumivascular technology in the following sessions: Dr. Ian Cawich, an interventional cardiologist and Director of the Vascular and Vein Institute at Arkansas Heart Hospital in Little Rock, highlighted the entire portfolio of Avinger's proprietary OCT-guided technologies, including the new Lightbox 3 imaging console, in his session, "OCT-Guidance for CTO Crossing and Atherectomy." Dr. Jon George, an interventional cardiologist and endovascular medicine specialist at Pennsylvania Hospital, University of Pennsylvania Health System in Philadelphia, featured Avinger's Pantheris SV OCT-guided atherectomy system in his presentation, "Utility of the Pantheris Atherectomy Device in Treating BTK Lesions."
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BGCP | Hot Stocks09:23 EDT BGC Partners appoints Hauf as Chief Financial Officer - BGC Partners announced the appointment of Jason Hauf as Chief Financial Officer, effective June 6, 2022. Hauf will replace Steven Bisgay, who will remain in his executive role as Chief Financial Officer and Executive Managing Director of Cantor Fitzgerald. Hauf will report directly to Howard Lutnick, BGC's Chairman and Chief Executive Officer. Hauf most recently served as Managing Director and CFO of Exos Technology and Financial Partners.
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SKVI QNRX | Hot Stocks09:22 EDT Skinvisible licensee receives FDA acceptance of IND for QRX003 - Skinvisible is pleased to announce that its licensee Quoin Pharmaceuticals, has received U.S. FDA acceptance of its Investigational New Drug application for its licensed formulation which uses Skinvisible's Invisicare proprietary drug delivery technology. The topical formulation "QRX003" was developed to treat Nethertons Syndrome, a debilitating hereditary disorder that affects the skin, hair and the immune system. There currently is no cure or approved treatment for Netherton Syndrome. Skinvisible granted Quoin an exclusive, royalty-bearing license to its technology for use in select Orphan Rare Skin Diseases and for the right to use its proprietary formula as well as its technology to develop products that will target a number of rare skin related indications. Quoin is responsible for obtaining all FDA and other regulatory body approvals necessary to market the products in the US and other countries. Upon the successful completion of various clinical and regulatory milestones, Skinvisible is entitled to receive a milestone payment of $5 million and ongoing royalties from sales.
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ZTEK | Hot Stocks09:21 EDT Zentek provides updates on ZenGUARD patent status - Zentek is pleased to announce that on March 28, 2022, the Canadian national phase was initiated for its patent application directed to its ZenGUARD technology. Zentek's patent strategy typically begins by filing one or more provisional patent applications with the United States Patent and Trademark Office. This allows the Company to establish the earliest possible filing date for its technology. A regular utility patent application is then filed within 12 months under the Patent Cooperation Treaty. Six months later, or 18 months from the date the initial provisional patent application was filed, the patent application is published. Following publication of the patent application, the Company then has a 12-month period to enter the national phase by filing in the individual countries in which it wants to protect its intellectual property. The Company is now actively prosecuting the patent application in Canada after receiving initial feedback from the Canadian Patent Office on June 1 and intends to seek to secure patent protection for its ZenGUARD technology for personal protective equipment and for the heating, ventilation, and air conditioning markets. Zentek also reports that a second patent application directed to its ZenGUARD technology for use as a broad-spectrum antimicrobial to treat infectious disease, is expected to publish on June 20th, 2022. The application received a favourable initial opinion from the International Searching Authority, indicating that 58 out of 64 claims are considered to have met the full requirements for patentability. This opinion will be available with the publication of the patent application. The Company further reports that a patent application directed to the proprietary process for manufacturing its ZenGUARD nanotechnology at industrial scale, that simplifies and significantly reduces manufacturing costs, was filed on April 12, 2022. The company expects this patent to add an extra layer of intellectual property protection as the company commercializes ZenGUARD.
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LEXX | Hot Stocks09:20 EDT Lexaria Bioscience files pre-IND meeting request letter with FDA - Lexaria Bioscience announced it has successfully filed a pre-Investigational New Drug, or IND, meeting request letter with the FDA. The FDA has already responded to and confirmed Lexaria's filing. A target date of July 30, 2022, has been provided to Lexaria, subject to certain conditions being met. The request for a pre-IND meeting formally initiates communications with the FDA regarding development of Lexaria's DehydraTECH-CBD for the treatment of hypertension. The purpose of the pre-IND meeting will be to confirm the details and acceptability of Lexaria's ongoing IND-enabling development program to be completed thereafter prior to proceeding with its full IND application filing expected in late 2022 / early 2023.
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BCOR | Hot Stocks09:20 EDT Avantax welcomes ATS Advanced Trustee Strategies - Avantax welcomes ATS Advanced Trustee Strategies, an elite firm based in San Diego, California, with over $400 million in total client assets as of April 1, 2022. Led by 32-year financial services veteran Sandeep Varma, ATS Advanced Trustee Strategies specializes in advanced estate planning designed to help ensure client assets are bequeathed according to their wishes.
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ETSY | Hot Stocks09:20 EDT Etsy launches purchase protection program for buyers, sellers - Etsy announced the launch of Etsy Purchase Protection. Starting August 1, buyers will receive a full refund for purchases on Etsy.com in the rare cases that they don't match the item description, arrive damaged, or never arrive. "Easy issue resolution is a critical part of the e-commerce shopping experience, and our new Etsy Purchase Protection program aims to help make shopping on Etsy even more worry free," said Raina Moskowitz, Etsy's Chief Operating Officer. "This program will help buyers feel more confident when they shop from small businesses on Etsy, while we invest directly in our sellers to provide them an important layer of assurance."
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STXS | Hot Stocks09:19 EDT Stereotaxis announces publication of special issue of JAFIB-EP - Stereotaxis announces the publication of a special issue of the Journal of Atrial Fibrillation & Electrophysiology focused on the use of Robotic Magnetic Navigation for the treatment of cardiac arrhythmias. The Robotics Special Issue was published in collaboration with the Society for Cardiac Robotic Navigation and includes sixteen peer-reviewed publications that document the clinical value of Robotic Magnetic Navigation, new technologies, and refined workflows across a broad spectrum of cardiac arrhythmias. The journal will also incorporate robotics as a recurring section in future editions. Physicians from 20 hospitals and universities throughout North America, Europe and Asia contributed to the sixteen publications in the Robotics Special Issue. The complete issue can be accessed at www.JAFIB-EP.com. The publications cover a wide range of topics including: Historical review and evolution of Robotic Magnetic Navigation; Reviews of clinical outcomes from large subsets of patients with atrial fibrillation, ventricular tachycardias and supraventricular tachycardias; Robotics enabling fluoro-less cardiac ablation procedures without the use of x-ray radiation; The use of Stereotaxis robotic technology in conjunction with novel preoperative imaging and a broad array of electrophysiology mapping technologies; Demonstration of TeleRobotic technology for remote catheter navigation.
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TREX | Hot Stocks09:18 EDT Trex Company provides railing solutions for University of Texas - Nestled into a hillside on the University of Texas campus, the $375 million Moody Center is the most expensive college arena ever built and offers Austinites a state-of-the-art space to enjoy games and live events. Named in honor of the Moody Foundation, which has supported museums, libraries, universities and hospitals throughout Texas for more than 75 years, the multi-purpose facility features more than 6,000 linear feet of custom railing engineered by Trex Commercial, a leading national provider of architectural railing systems for the commercial building arena.
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CMLS | Hot Stocks09:17 EDT Cumulus Media announces preliminary results of tender offer - Cumulus Media announced the preliminary results of its "modified Dutch auction" tender offer, which expired at midnight, New York City time, on June 3, 2022. This tender offer is an initial step in the execution of the Company's previously announced $50 million share repurchase program. Based on the preliminary count by Continental Stock Transfer & Trust Company, the depositary for the tender offer, a total of 5,561,072 shares of the Company's Class A common stock were validly tendered at a purchase price of $14.50 per share and not validly withdrawn, including 110,122 shares of the Company's Class A common stock that were tendered through notice of guaranteed delivery. These shares represent approximately 29.6% of the Company's outstanding Class A common stock as of April 29, 2022. In accordance with the terms and conditions of the tender offer and based on the preliminary count by the depositary, the Company expects to accept for payment approximately 1.7 million shares of its Class A common stock that were validly tendered and not validly withdrawn at a purchase price of $14.50 per share, for an aggregate cost of approximately $25 million, excluding fees and expenses relating to the tender offer. The number of shares to be purchased from tendering shareholders will be pro-rated. Based on the preliminary count by the depositary, Cumulus estimates that, after giving effect to odd lot priority, the pro-ration factor for shares that will be purchased in the tender offer is approximately 30.94%. The Company also announced that it has determined to waive the condition relating to the prevailing prices in the equity markets.
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TENB | Hot Stocks09:17 EDT Tenable Holdings completes acquisition of Bit Discovery - Tenable Holdings announced it has closed its acquisition of Bit Discovery, a leader in external attack surface management. Tenable will launch Tenable.asm, a new solution that will provide the full capabilities of Bit Discovery's technology and enable customers to gain a more complete 360-degree view of their full attack surface so they can better understand how attackers could gain access via the internet and help prioritize remediation steps.
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RDUS | Hot Stocks09:16 EDT Radius Health, Menarini present subgroup analysis from phase 3 EMERALD trial - The Menarini Group and Radius Health announced the presentation at the 2022 American Society of Clinical Oncology Annual Meeting of data from the EMERALD phase 3 clinical trial. In a non-pre-specified subgroup analysis of patients with ER+/HER2- metastatic breast cancer without prior chemotherapy in the metastatic setting, elacestrant significantly prolonged progression-free survival compared to standard of care endocrine therapy. EMERALD study met both of its pre-specified primary endpoints of progression free survival in the overall population and in patients with ESR1 mutation; 77.8% out of the 477 patients enrolled in the trial had not received prior chemotherapy in the metastatic setting for ER+/HER2- mBC. Among these patients, elacestrant showed the following results compared to SOC: 31% reduction in the risk of progression or death in all patients and prolonged median PFS; 46% reduction in the risk of progression or death in patients with mESR1 and prolonged median PFS; At 6 months, PFS rate with elacestrant was 38.18% vs. 23.47% with SOC in the overall population, and 43.79% vs. 23.83% in the ESR1 mutation population; PFS rate at 12 months with elacestrant was 27.12% vs. 12.19% with SOC in the overall population, and 31.48% vs. 12.36% in the ESR1 mutation population. In exploratory subgroup analyses, elacestrant significantly reduced the risk of progression or death and prolonged median PFS vs fulvestrant in all patients without prior chemotherapy; median , and in patients with mESR1 without prior chemotherapy; Elacestrant had a manageable safety profile in patients without prior chemotherapy consistent with the overall population. Menarini plans to pursue combination studies and study the potential of elacestrant to be effective in addressing the highest unmet needs for ER+/HER2-patients.
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XPO... | Hot Stocks09:14 EDT XPO Logistics, Google Cloud enter into multi-year partnership - XPO Logistics (XPO) and Google Cloud (GOOG;GOOGL) announced a multi-year collaboration to further innovate how goods move through supply chains. "Leveraging Google Cloud's expertise in artificial intelligence, machine learning, and data analytics, XPO is building faster, more efficient supply chains with greater visibility," the company said. XPO migrated several key applications to Google Cloud, enabling the transportation services provider to take advantage of the scalability and availability of cloud computing. Google Cloud's data analytics, AI, and ML tools help XPO provide insights to its operators-such as product managers, demand planners, route planners, and data analysts. "XPO is always looking for ways to innovate the ways goods move across the globe. Implementing the most cutting-edge technology is the best way for us to ensure that we achieve this goal," said Yoav Amiel, senior vice president of technology, XPO. "By working with Google Cloud's AI/ML and data analytics capabilities, we can operate the fastest, most efficient supply chains possible."
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GILD | Hot Stocks09:12 EDT Gilead presents final data from ASCENT study of Trodelvy - Gilead presented final data from the Phase 3 ASCENT study of Trodelvy in patients with relapsed or refractory metastatic triple-negative breast cancer, or TNBC, who received two or more prior systemic therapies, at least one of them for metastatic disease. In a follow-up analysis from the final database lock, Trodelvy improved median progression-free survival versus physicians' choice of chemotherapy and extended median overall survival, or OS, by almost five months in the intent-to-treat population. The two-year OS rate was 20.5% in the Trodelvy arm, compared with 5.5% with physicians' choice of chemotherapy. Trodelvy also showed clinically meaningful improvements in health-related quality of life, or HRQoL, compared to chemotherapy. The results, which were consistent with the final analysis previously published in The New England Journal of Medicine, were presented at the 2022 American Society of Clinical Oncology, or ASCO, annual meeting. Trodelvy demonstrated higher clinically meaningful improvements in all five primary HRQoL domains compared to chemotherapy, which was consistent with previous reports. Metastatic TNBC is often associated with a significant decrease in quality of life, where patients may undergo many rounds of intensive chemotherapy, and assessing impact of symptom burden is especially important in this setting. Changes from baseline for Trodelvy vs. chemotherapy were -5.8 vs. -9.4 in global health status, -4.6 vs. -13.5 in physical functioning, -8.4 vs. -18.8 in role functioning, 5.1 vs. 14.0 in fatigue, and 2.8 vs. 6.8 in pain. The safety profile of Trodelvy was consistent with prior reports. Key Grade greater than or equal to3 treatment-related adverse reactions for Trodelvy compared to chemotherapy were diarrhea, neutropenia, anemia and febrile neutropenia. Treatment discontinuations due to adverse events were less than or equal to 3% in both arms. The Trodelvy U.S. Prescribing Information has a Boxed Warning for severe or life-threatening neutropenia and severe diarrhea; see below for Important Safety Information.
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HERTF | Hot Stocks09:11 EDT Heritage Cannabis in pact with 'major LP to supply products for medical platform - Heritage Cannabis announces that it has signed a definitive agreement for the supply of its products to a major LP with the #1 leading market share for sale on its medical platform. The major LP has completed its initial purchase of Heritage brands, including RAD, Premium 5, and CB4, and are now offering Heritage products on the platform with the first shipment of 12 stock keeping units completed in May. The relationship will also encompass white labelling of some products based on Heritage's product quality, variety, consistency, industry proven technology and innovation. "This LP is a leader in the online medical and recreational cannabis space, and we are very honoured that they are trusting Heritage to be a part of their medical platform," said David Schwede, CEO of Heritage. "We have added yet another revenue channel to further support our growing business, and now that our products are on the two largest medical platforms in Canada, our positive trajectory and momentum are hitting pace. We are thankful for this opportunity to work with this team and are excited for what the future of the relationship can bring".
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MSEX | Hot Stocks09:10 EDT Middlesex Water begins treating ground water for PFAS compounds - Middlesex Water Company today announced that it has completed Phase 1 construction of an advanced treatment facility at its Park Avenue wellfield that is effectively treating ground water to ensure compliance with all state and federal drinking water standards. Working in coordination with the New Jersey Department of Environmental Protection, Middlesex Water has begun a phased, start-up of its Park Avenue wellfield and is successfully introducing treated water into the distribution system. Water being delivered to customers is in compliance with all U.S. Environmental Protection Agency and NJDEP drinking water standards, including the newly established water quality standard for Perfluorooctanoic Acid, otherwise known as PFOA. The wells had been turned off since November 2021 when the Company had begun providing water from its surface water treatment plant and other sources. This plan to turn on, and treat, certain wells to support normal heightened seasonal demand was met with full approval from state regulatory agencies.
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CARG | Hot Stocks09:09 EDT CarOffer launches PremiumXchange exchange desk - CarOffer announced it has launched the first national non-affiliated online pre-owned vehicle exchange desk, PremiumXchange. PX will allow dealers to exchange vehicles with one another across the country at prices set by the dealers themselves. Utilizing CarGurus' proprietary Instant Market Value technology, dealers can capitalize on market disparity across regions. Differing regional demand and market dynamics greatly affect inventory value from one dealership to another. Identifying these trade scenarios instantly from a pool of hundreds of thousands of vehicles will give dealers a powerful new tool to manage their inventories. PremiumXchange digitizes and automates dealer-to-dealer vehicle exchange on a national scale. The platform will allow dealers to purchase retail-ready inventory which could help yield favorable profit margins with quick turn times in their markets. At the same time, these dealers will be selling or exchanging front line vehicles that haven't performed well for them because of unfavorable local market dynamics. Trading this market disparity enables both dealers involved in the exchange to benefit, as each receives a vehicle much more likely to perform well in their specific markets. PX will help eliminate aged inventory issues and mitigate substantial wholesale losses.
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FTNT | Hot Stocks09:08 EDT Fortinet launches FortiRecon offering - Fortinet announced FortiRecon, a complete Digital Risk Protection Service offering that uses a powerful combination of machine learning, automation capabilities, and FortiGuard Labs cybersecurity experts to manage a company's risk posture and advise meaningful action to protect their brand reputation, enterprise assets, and data. FortiRecon uniquely delivers a triple offering of outside-in coverage across External Attack Surface Management, Brand Protection, and Adversary-Centric Intelligence (ACI) to counter attacks at the reconnaissance phase - the first stage of a cyberattack - to significantly reduce the risk, time, and cost of later stage threat mitigation.
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HOFV | Hot Stocks09:08 EDT Hall of Fame Resort & Entertainment teams with MLFB - Hall of Fame Resort & Entertainment announced it has signed a lease with Major League Football to make the Hall of Fame Village powered by Johnson Controls the home of one of its first teams, the Ohio Force, beginning this August. MLFB recently announced Canton, Ohio and Virginia Beach, Virginia - which will host the Virginia Armada team - as its first home markets, with additional details to be announced in the coming weeks. MLFB selected its initial home markets based on a variety of factors, including applicable demographics, strong community support and quality of facilities available, all distinct advantages in the Canton market and at the Hall of Fame Village.
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ZM | Hot Stocks09:08 EDT Zoom Video, Genesys enter strategic agreement for Zoom Phone - Zoom Video Communications and Genesys have expanded their partnership to help businesses deliver effortless customer experience by building upon their integration between Zoom Phone and Genesys Cloud CX. Together, the offerings provide organizations with an easy-to-configure and feature-rich cloud contact center and unified communications solution that enables teams to better collaborate to solve customer needs. The companies' expanded partnership includes a go-to-market relationship where Genesys will enable its global direct and indirect channel to deliver the combined Zoom Phone plus Genesys Cloud CX solution.
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IPG | Hot Stocks09:07 EDT IPG Health launches 90North advisorship - IPG Health is proud to announce the launch of 90NORTH, the network's new software-based advisorship that enables pharmaceutical, biotech and life science companies to tackle complex issues beyond traditional marketing communications. 90NORTH, its name derived from the coordinates for the north pole, uses proprietary software platforms that help clients solve complex business problems and uncover innovative areas for competitive advantage and growth. Helmed by long-time IPG Health leader Hilary Gentile as President, 90NORTH is comprised of a diverse team of solution architects-social scientists, experience engineers, medical experts, business strategists and creative technical designers who explore the innerworkings of problems and help clients visualize unexpected connections and make informed decisions that drive impact and growth.
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AMGN | Hot Stocks09:06 EDT Amgen announces FDA approved RIABNI - Amgen announced that the U.S. Food and Drug Administration has approved RIABNI, a biosimilar to Rituxan, in combination with methotrexate for adults with moderate to severely active rheumatoid arthritis who have had an inadequate response to one or more tumor necrosis factor antagonist therapies. "The approval of RIABNI is an important advancement for adults living with moderate to severe rheumatoid arthritis, a chronic inflammatory joint disease, who now have access to a proven and affordable treatment option," said Murdo Gordon, executive vice president of Global Commercial Operations at Amgen. "Our fully integrated portfolio of innovative and biosimilar medicines for inflammatory diseases reinforces our commitment to providing patients with high-quality and affordable treatment options that deliver substantial value to our healthcare system." The randomized, double-blind, comparative clinical study compared the efficacy, safety, pharmacokinetics and immunogenicity of RIABNI versus rituximab reference product in patients with moderate to severe RA. The primary efficacy endpoint, the change in disease activity score 28 using C-reactive protein from baseline at week 24, was within the predefined equivalence margin indicating equivalence in clinical efficacy between RIABNI and rituximab RP. Safety, pharmacokinetics and immunogenicity of RIABNI were similar to rituximab RP.
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INUV | Hot Stocks09:06 EDT Inuvo announces partnership with Brand Innovators - Inuvo announced a partnership with Brand Innovators to host an inaugural Marketing AI Conference: the Future of AI & Personalization Summit in New York. The first of its kind event will bring together some of the world's largest brands and agencies to discuss how AI and machine learning are helping brand marketers target their consumers more effectively. The agenda includes speakers from PepsiCo, IBM, AI Institute, MetLife, BERA, Bayer, Bloomberg Media, Johnson & Johnson Consumer Health, and more.
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BC | Hot Stocks09:05 EDT Freedom Boat Club to surpass 50,000 memberships - Brunswick Corporation announced that Freedom Boat Club this week is expected surpass 50,000 memberships across its 360 global locations, made up of both corporate locations and a continually growing network of franchise partners. Freedom's 50,000 memberships cover more than 75,000 global members constituting a growing, energetic, and diverse community of boating enthusiasts. Freedom has become a catalyst for new and future generations of boating participation, strengthening the entire industry. Since Brunswick's acquisition of Freedom in 2019, the company has more than doubled its memberships, locations, and the number of boats in its fleet. Through organic growth and completed acquisitions of former franchise territories, even excluding synergies, Freedom's contribution to Brunswick's top-line is anticipated to double in 2022 vs. 2021 as it scales quickly to deliver its 2025 financial targets and become much more material to Brunswick's overall growth and financial performance. The growth in company operated locations has been matched by continued expansion of franchise locations which still account for more than 70 percent of all club locations. The subscription nature of Freedom revenue and earnings contributes to the growing impact of recurring revenue businesses, which also include aftermarket Parts and Accessories and repower engine sales, on Brunswick's overall revenue and earnings. Brunswick's recent acquisitions have focused heavily in this area with recent Brunswick acquisitions RELiON and Navico both having a very strong aftermarket sales mix. Brunswick's recurring revenue businesses already deliver more than 40 percent of total company earnings with a target to exceed 50 percent by 2025.
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TWTR | Hot Stocks09:04 EDT Twitter down 7% after Musk says company 'resisting' his information rights - Shares of Twitter are down $2.73, or 7%, to $37.43 in pre-market trading after shareholder and prospective buyer Elon Musk disclosed a letter sent by his lawyers to the company claiming "a clear material breach of Twitter's obligations under the merger agreement" related to his request for certain data and information necessary to facilitate his evaluation of spam and fake accounts on the platform.
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VTRU | Hot Stocks09:02 EDT Vitru reports results of first intake cycle of 2022 - Vitru reports record results of its first intake cycle of 2022. The digital education undergraduate intake cycle of Uniasselvi increased 28.6% when compared to the same period of the previous year, purely on an organic basis, reaching 223.9 thousand new students. This result confirms the resilience of its hybrid model. This substantial growth was despite the high comparison bar of the first intake cycle of 2021 and already takes into account the slight shift in the monthly distribution of the intake, which was more back-ended in the first cycle of 2021.In the case of Unicesumar, the first digital education undergraduate intake cycle of 2022 was even more impressive, increasing 54.6% when compared to the same period of the previous year, reaching 219.7 thousand new students in the 2022.1 cycle vs the 142.1 thousand students enrolled in the 2021.1 cycle.
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TWTR TSLA | Hot Stocks09:02 EDT Musk accuses Twitter of 'actively resisting and thwarting' information rights - In a regulatory filing, Twitter (TWTR) shareholder and prospective buyer Elon Musk disclosed a letter sent by his lawyers to the company "reiterating his request for certain data and information necessary to facilitate his evaluation of spam and fake accounts on the Issuer's platform and reserving his rights resulting from the Issuer's refusal to provide such data and information in material breach of the Issuer's obligations under its merger agreement." The letter to Twitter from Tesla's (TSLA) founder and CEO states in part: "We are in receipt of correspondence sent on Twitter's behalf dated June 1, 2022, responding to Mr. Musk's request for the data and information described in my letters dated May 25, 2022 and May 31, 2022. Mr. Musk does not agree with the characterizations in Twitter's June 1 letter. Twitter has, in fact, refused to provide the information that Mr. Musk has repeatedly requested since May 9, 2022 to facilitate his evaluation of spam and fake accounts on the company's platform... Based on Twitter's behavior to date, and the company's latest correspondence in particular, Mr. Musk believes the company is actively resisting and thwarting his information rights (and the company's corresponding obligations) under the merger agreement. This is a clear material breach of Twitter's obligations under the merger agreement and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement." Reference Link
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GEG | Hot Stocks09:01 EDT Great Elm Group announces public offering of unsecured notes - Great Elm Group announced the commencement of an underwritten public offering of unsecured notes due 2027. The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol "GEGGL," and to trade thereon within 30 days from the original issue date. The interest rate and other terms of the Notes will be determined by negotiations between GEG and the underwriters. GEG expects to use the net proceeds from the offering to make investments in Monomoy Properties REIT, LLC and/or for general corporate purposes, including making opportunistic investments or refinancing subsidiary preferred stock or other indebtedness. Oppenheimer & Co. Inc., B. Riley Securities, Inc., Janney Montgomery Scott LLC and Ladenburg Thalmann & Co. Inc. are acting as joint book-running managers for the offering.
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NM | Hot Stocks09:00 EDT Navios Maritime announces redemption of $15M senior secured notes - Navios Maritime Holdings announced that on June 6, 2022, the Company issued a notice of redemption with respect to an aggregate principal amount of $15,000,000 of its 11.25% Senior Secured Notes due 2022 at a redemption price equal to 100.00% of the aggregate principal amount thereof, plus accrued and unpaid interest to, but excluding, the redemption date of June 16, 2022. After this redemption, $90,000,000 in aggregate principal amount of Notes will remain outstanding.
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FWRG | Hot Stocks08:59 EDT First Watch Restaurant announces new menu offerings - First Watch is inviting guests to embrace the heat with a new menu of seasonally inspired dishes brimming with flavor and zest. Boasting two flavorful takes on brunch classics that celebrate authentic Mexican proteins, share-worthy muffin top griddle cakes and a fresh juice packed with everyone's summertime favorite, watermelon, this seasonal menu is sure to have the whole family dining and sipping on sunshine at their local First Watch this summer. First Watch's summer menu selections are available nationwide through August 14th and include: Barbacoa Quesadilla Benedict - Two barbacoa quesadillas prepared quesabirria-style, topped with poached cage-free eggs and covered with our Vera Cruz hollandaise, ranchero sauce and scallions. Served with seasoned black beans topped with housemade pico de gallo. Hacienda Hash - Chorizo, red bell pepper and potato hash topped with two cage-free eggs any style, Cheddar and Monterey Jack, spicy ketchup, lime crema drizzle, fresh smashed avocado and scallions. Blueberry Muffin Top Griddle Cakes - Three house-baked, butter-griddled blueberry and cinnamon streusel muffin tops, topped with warm mixed berry compote, fresh blueberries, strawberries, blackberries, housemade granola and powdered cinnamon sugar. From the Juice Bar: Watermelon Wake-Up - Watermelon, pineapple, lime and mint.
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MULN | Hot Stocks08:58 EDT Mullen Automotive to be added to Russell 2000, 3000 Indexes - Mullen Automotive announces that the company will be joining the Russell 2000 and 3000 Indexes on June 27, 2022, after the market opens, according to a preliminary list of additions posted by FTSE Russell on June 3, 2022. The stock will also be automatically added to the appropriate growth and value indexes.
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AMRN | Hot Stocks08:57 EDT Amarin to reduce U.S. commercial team by 65% from current levels - The majority of the cost savings will result from a significant workforce reduction across the Company's U.S. field force and corporate positions. Amarin will reduce its U.S. commercial team by approximately 65% from current levels and approximately 90% of pre-pandemic and pre-generic competition levels, resulting in a core team able to support branded VASCEPA revenues in the U.S. In total, these actions will result in a reduction of the total company employee base by over 40% from current levels.
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AMRN | Hot Stocks08:57 EDT Amarin expects $100M in savings from cost reduction plan in U.S. business - Amarin Corporation announced important and critical actions including a comprehensive cost and organizational restructuring plan to address current shifts within the Company's U.S. business. The Company expects these actions will reduce operating costs by approximately $100 million over the next 12 months and enable Amarin to maintain a positive contribution margin in the U.S. while continuing to invest in its imminent European market launches and global expansion for VASCEPA/VAZKEPA. "Our management team, with the guidance of our Board, conducted a comprehensive review of the business to ensure we are addressing the realities within our U.S. business while we focus on our global growth opportunities with efficiency and discipline," said Karim Mikhail, Amarin's president and chief executive officer. "While we continue to see value in branded VASCEPA in the U.S., the current operating landscape remains challenging with uncertainty related to future revenue from the U.S. business. As a result, today we are taking critical, proactive steps to reduce our U.S. commercial team by approximately 90% of our pre-pandemic and pre-generic competition levels. These reductions are necessary as we invest in our European launches while maintaining a strong, core U.S. Commercial team to support branded VASCEPA revenues in the U.S. These proactive steps also allow us to maintain a positive contribution margin for the U.S. business and continue our investments in other markets and our Fixed-Dose Combination program to ensure we are positioned for a stronger future as we execute our European and global expansion plans. We have completely reshaped our investment plan for the future. We have tremendous confidence in our multi-billion dollar revenue opportunity for VASCEPA/VAZKEPA globally where we remain on track to launch in six markets and receive up to eight reimbursement decisions this year. These comprehensive actions will enable us to better serve patients while creating value for shareholders over the long-term." The Company will reduce its total operational expenditure by approximately $100 million over the next 12 months while continuing its investments in European expansion. The Company's cost reduction plan includes: U.S. workforce reduction: The majority of the cost savings will result from a significant workforce reduction across the Company's U.S. field force and corporate positions. Amarin will reduce its U.S. commercial team by approximately 65% from current levels and approximately 90% of pre-pandemic and pre-generic competition levels, resulting in a core team able to support branded VASCEPA revenues in the U.S. In total, these actions will result in a reduction of the total company employee base by over 40% from current levels. Streamlined operational expenditures: Includes reductions and reallocations in overall selling, general and administrative expenses as well as savings related to refining the Company's R&D strategy to a more focused, stepwise approach for its FDC program. Mr. Mikhail concluded, "We value the tremendous contributions of our colleagues - whose dedication to our mission has helped build this Company and enabled us to launch an innovative product that has improved cardiovascular health for millions of patients. These changes, while difficult, are necessary to support our ability to continue bringing VASCEPA/VAZKEPA to patients around the world."
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DTSS | Hot Stocks08:53 EDT Datasea enters $14.99M procurement agreement for 5G messaging services - Datasea announced that Shuhai Jingwei Information Technology, a subsidiary of the Chinese operating company contractually controlled by the Company, has entered into a procurement agreement with Zhangzhou Baina Intelligent Technology. The agreement demonstrates Datasea's capability to provide rich messaging experiences through 5G at scale and revolutionize the way enterprises interact with customers. Baina is a leading provider of the smart city technology services to streamline and automate processes and help in real-time decisions. There are many ways to conceptualize a smart city and Baina specializes in smart transportation with charging pile management and smart healthcare solutions. Datasea assists Baina to evolve in the next phase of customer communication and address emerging demands for advanced features such as fee settlement and service introduction in Baina's different service scenarios. In conjunction with the 5G messaging recharge payment agreement, Shuhai Jingwei will act as the supplier and provide: 5G messaging recharge payment services of China Mobile, China Unicom, and China Telecom; A technical interface as a transmission channel for fee settlement; 5G short messages and telecommunication value-added services for Baina and its partners and clients. The term of the agreement is six months, during which the service fee will be prepaid by Baina and the total purchase amount will be approximately USD 14.99 million.
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BSFC | Hot Stocks08:52 EDT Blue Star Foods announces inclusion in Russell Microcap Index - Blue Star Foods announced that it will be included in the Russell Microcap Index, effective after the U.S. market opens on June 27, 2022, as part of the 2022 Russell indexes reconstitution.
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NLSP | Hot Stocks08:52 EDT NLS Pharmaceutics appoints Chad Hellmann as CFO - NLS Pharmaceutics announced that Chad Hellmann has been appointed to the position of CFO. Serving most recently as CFO and co-portfolio manager of Arcus Ventures, Mr. Hellmann brings to NLS significant expertise in developing and implementing operational strategies and capital markets solutions for life sciences companies. NLS also announces that Subhasis Roy has resigned as interim CFO and will remain a consultant to the company through June 30, 2022 to assist with the CFO transition. NLS expresses its deep appreciation to Mr. Roy for his many contributions to the Company.
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MINM ALGM | Hot Stocks08:52 EDT Minim appoints Paul Walsh as advisor to the board - Minim announces the appointment of Paul Walsh as an advisor to the Company's Board of Directors and Management, effective immediately. Mr. Walsh recently retired as CFO at Allegro Microsystems Inc., a global provider of magnetic sensor and power management Integrated Circuits for the automotive and industrial markets.
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JBGS | Hot Stocks08:52 EDT JBG Smith Properties increases share repurchase pact by $500M - JBG SMITH announced the sale of two assets for $344 million, as well as an increase of the Company's common share repurchase authorization by $500 million to $1 billion total. JBG SMITH closed the $198 million sale of its PenPlace development site to Amazon for the second phase of its HQ2. The 12-acre site was recently approved by Arlington County to house 3.2 million square feet of office space, including the landmark Helix building, more than 100,000 square feet of retail and approximately 2.75 acres of public open space. As previously reported, the sale of PenPlace was used to facilitate a like-kind exchange for JBG SMITH's acquisition of The Batley, a 432-unit apartment building in DC's Union Market which closed in 2021.
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MEDXF | Hot Stocks08:50 EDT Medexus Pharmaceuticals announces publication of study results on treosulfan - Medexus Pharmaceuticals announced that the American Journal of Hematology has accepted for publication the final study results and analysis of the pivotal phase 3 clinical trial of treosulfan conducted by medac, a strategic partner of Medexus. The publication has undergone full peer review and has already been published online. The open-label, multicenter, randomized parallel study was designed to compare event-free survival after treosulfan-based conditioning with a widely applied reduced-intensity conditioning busulfan regimen in older or comorbid patients with acute myeloid leukemia or myelodysplastic syndrome undergoing allogeneic hematopoietic stem cell transplantation. The primary endpoint of the study was EFS of patients with disease recurrence, graft failure, or death from any cause as events. Secondary endpoints were overall survival, cumulative incidence of relapse or progression, cumulative incidence of graft failure, and non-relapse mortality. The study was performed in 31 clinical institutions across five European countries and enrolled 570 patients between June 2013 and December 2016. The publication concludes that the study demonstrates clinically relevant superiority of treosulfan over RIC busulfan with regard to its primary endpoint, EFS. The study found that EFS of patients in the study was superior after treosulfan compared to RIC busulfan. The publication also includes favorable conclusions on two key secondary endpoints, finding that overall survival with treosulfan was superior compared to busulfan and that non-relapse mortality for patients in the treosulfan arm was lower than for patients in the busulfan arm. The authors conclude that a treosulfan regimen appears particularly suitable for older AML and MDS patients. Frequencies of treatment-emergent adverse events of all grades and serious AEs were equally distributed between the study arms. Further, frequencies of patients with treatment-emergent serious AEs categorized by organ class and term were comparably low and no unknown safety risks were identified.
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AU | Hot Stocks08:49 EDT AngloGold, Latin Metals enter definitive option agreement in Argentina - Latin Metals announces that it has entered into a binding option agreement with AngloGold Argentina Exploraciones, a wholly owned subsidiary of AngloGold Ashanti made as of May 27, 2022. Subsequently, AngloGold provided notice that all conditions precedent have been satisfied, and as a result the Option Agreement's commencement date has been established as June 2, 2022. Under the terms of the Option Agreement, Latin Metals granted to AngloGold the option to earn up to an 80% interest in the Company's Organullo, Ana Maria, and Trigal Gold projects located in Salta Province, northwestern Argentina. Under the terms of the Option Agreement, AngloGold has been granted the option to earn an initial 75% interest in the Projects by making cash payments to Latin Metals in the aggregate amount of USD $2,575,000 and spending an aggregate amount of USD $10,000,000 on exploration expenditures related to the Projects within five years of the Commencement Date. During the Option Period, Latin Metals will receive exploration results and data from AngloGold on a quarterly basis. Upon the fulfilment of the payment obligations and exploration expenditures set forth above, and the delivery by AngloGold to Latin Metals of a notice of exercise of the Option and subject to the exercise of Top-Up Right, AngloGold and Latin Metals will be deemed to have formed a joint venture for the continued exploration, development and, if warranted, commercialization of the Projects, in respect of which the initial participating interests of the parties will be, AngloGold as to 75% and Latin Metals as to 25%. Upon the exercise of the Option, AngloGold may give notice to Latin Metals of its intention to increase its interest in the Projects to 80%. The Top-Up Right may be exercised within 150 days of the Option Exercise Date by AngloGold: preparing and delivering to Latin Metals an independent Measured and Indicated Mineral Resource estimate prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects on one or more deposits contained within the Projects; and paying to Latin Metals an amount of USD $4.65 per gold equivalent ounce contained within the Measured and Indicated Mineral Resource estimate. Upon the exercise of the Top-Up Right, the parties' interests in the Joint Venture will be adjusted such that the participating interests of the parties will be AngloGold as to 80% and Latin Metals as to 20%. If and when the parties form the Joint Venture, the provisions of the agreement governing the Joint Venture will be negotiated and settled by the parties and will provide, among other things, that if the participating interest of either party falls below 10%, the interest of such party shall be converted to a 2% net smelter returns royalty, half of which can be purchased by the other party for USD $5,000,000 at any time until the date that is three months after a production decision concerning one or more of the Projects has been made.
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NEOG | Hot Stocks08:48 EDT Neogen Viroxide Supre approved for Canadian distribution - Neogen Corporation announced that the Natural and Non-Prescriptive Health Products Directorate Branch of Health Canada has granted approval for the distribution of Neogen Viroxide Super in Canada. "We are pleased to be able to offer this biosecurity solution to our Canadian customers, demonstrating our commitment to providing a comprehensive biosecurity program for our global community," said John Adent, Neogen's President and CEO. "This solution is ideal for use in production and companion animal facilities, farm premise, and aquaculture environments, helping to protect animals, food, and people from bacteria and viruses." Neogen Viroxide Super's active ingredients are potassium peroxymonosulfate and sodium chloride. It has been proven effective against multiple industry-relevant bacteria and viruses, including COVID-19 and avian influenza.
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JNJ | Hot Stocks08:47 EDT Johnson & Johnson to acquire assets of Midlands Management's units - Johnson & Johnson will expand its footprint into Texas and Oklahoma by acquiring the assets of the Wholesale Brokerage & Binding and Managing General Underwriting units of Midlands Management Corporation. Midlands is a wholly owned subsidiary of Safety National Casualty Corporation. The parties expect the transaction to close April 29, 2022. "This acquisition by Johnson & Johnson, a leading specialist in related businesses, will accelerate the growth in revenue and profitability of these business units and provide greater professional development and career advancement opportunities for the employees in these divisions," said Duane Hercules, President of Safety National. Francis Johnson, CEO, Johnson & Johnson, noted, "Adding the Midlands Management Corporation Team and their agency network to Johnson & Johnson will provide us with a terrific group of employees and agencies which will enhance our 'service first' approach to the Agents currently served by Midlands."
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SABS TEVA | Hot Stocks08:47 EDT SAB Biotherapeutics appoints Alexandra Kropotova as CMOT - SAB Biotherapeutics announced the appointment of Alexandra Kropotova, M.D., as CMO, to play a critical role in progressing SAB's proprietary immune and autoimmune disorders pipeline.. Prior to joining SAB, Dr. Kropotova was the Therapeutic Area Head at Global Specialty R&D at Teva Pharmaceuticals, where she led innovative drug development focused on delivering on a broad portfolio of immunology, respiratory, and immuno-oncology assets spanning from pre-IND to BLA/NDA filing of biologics and complex drug-device combination products.
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CCXI | Hot Stocks08:46 EDT ChemoCentryx reports safety results from Phase 1 trial of CCX559 - ChemoCentryx announced the presentation of safety results from the ongoing Phase I clinical study of CCX559, the Company's highly potent, orally administered PD-L1 checkpoint inhibitor, in patients with advanced solid tumors during a poster session at the 2022 American Society of Clinical Oncology Annual Meeting. In the ASCO poster titled, Results From an Ongoing Phase 1 Dose-Escalation Study of CCX559, an Orally Administered Small Molecule PD-L1 Inhibitor, in Patients With Advanced Solid Tumors, ChemoCentryx reported patient baseline characteristics and safety data available from the ongoing study as of April 27, 2022, from the first 13 patients enrolled across four dose cohorts: 30 mg, 60 mg, 120 mg, and 180 mg. The first-in-human Phase I study is assessing CCX559 in patients with a range of advanced solid tumors. Ten of the 13 patients enrolled have received at least two or more prior lines of systemic therapy. The primary objectives of the study are to evaluate the safety and tolerability, and to inform dose selection for the planned Phase Ib/II clinical trial. To date, there have been no dose limiting toxicities or treatment-related serious or severe adverse events reported. Two patients receiving 120 mg once daily CCX559 presented with three probable immune-related AEs, which provides supportive evidence of immune activation. There have been no treatment-related AEs reported in more than one patient. The ASCO poster also includes pharmacokinetic and pharmacodynamic data that build on the positive findings presented during the 2022 American Association for Cancer Research Annual Meeting in April, providing evidence that CCX559 is pharmacologically active and 120 mg once daily is a therapeutically relevant dose. Results presented during ASCO indicate continued dose-dependent PK exposure at Day 1 for CCX559. The mean exposure at 120 mg remains in line with preclinical projections and continues to increase at the 180 mg level. Consistent with approved antibody inhibitors of PD-L1, CCX559 demonstrates immunomodulatory activity in first cycle of treatment. ChemoCentryx expects to present additional findings from this ongoing Phase I study at major oncology conferences through 2022. The tumor types being evaluated in the Phase I study are not known to be responsive to treatment with anti-PD-1/PD-L1 therapies, and the Company plans to advance CCX559 into a Phase Ib/II clinical trial to measure anti-tumor effects of CCX559 more directly during the second half of 2022.
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XELA | Hot Stocks08:43 EDT Exela Technologies plans to deploy over $200M for capital deployment strategy - Exela Technologies announced the next step in its multipart Capital Deployment Strategy, previously announced on September 30, 2021 as part of a broader mandate to maximize shareholder value, proactively negotiate our remaining debt maturities and reduce the overall amount of debt along with repurchases of common stock. The Company remains focused on strengthening its financial foundation for improved cash flow generation which is essential for shareholder value expansion. The Company's Strategy calls for initiating sale processes for several stand-alone assets that are expected to generate proceeds in excess of $200 million. The Company may supplement this effort by raising lower cost debt and equity capital utilizing currently effective registration statements. The successful implementation of our Strategy is dependent upon obtaining appropriate approvals of various internal and external stakeholders, successful sale of the stand-alone assets, and other factors, many of which are outside of our control. Although the Company believes it will be able to obtain such approvals and will be successful in its endeavors, it cannot provide any assurances that it will be successful in obtaining such approvals or in effectively implementing and timely completing the Strategy, or that successful completion of the Strategy will have the desired impact.
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LQDT | Hot Stocks08:42 EDT Liquidity Services selected to sell two offshore oil, gas helicopters - Liquidity Services is auctioning two Bell 407GX helicopters to the public through their online marketplace, AllSurplus, until June 23, 2022. The 2013 Bell 407GX Utility Helicopters have 2,893 and 2,828 flying hours respectively and each has a single Rolls Royce 250-C47b engine. Corporate maintenance records can be made available upon bidder request. The helicopters will be at auction until June 23, 2022, and bids require a refundable $5,000 deposit before being placed. The deposit goes towards the final price of the auction for the winning buyer and will be immediately refunded for all others.
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CODI AIN | Hot Stocks08:41 EDT Compass Diversified to acquire PrimaLoft for enterprise value of $530M - Compass Diversified announced that it has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft, for an enterprise value of $530 million. Based in Latham, New York, PrimaLoft was established in 1983 by Albany International Corporation in response to a U.S. Army request to develop a synthetic insulation for soldiers that replicated the warmth and weight characteristics of traditional goose down, but also remained warm when wet. In addition to maintaining high performance in wet conditions, the portfolio of PrimaLoft synthetic insulations offers products that can both mimic natural down aesthetics and provide the freedom to design garments ranging from stylish puffers to lightweight performance apparel. PrimaLoft insulations also offer superior economics to the brand partner and enable better sustainability characteristics through the use of recycled, low-carbon inputs. Today, PrimaLoft serves over 950 active brand partners, including Patagonia, Nike, Stio, La Sportiva, Polo Ralph Lauren, Helly Hansen, Marmot, Moncler, and Canada Goose. As a technology leader with over 90 global patents, along with process trade secrets, PrimaLoft is revolutionizing synthetic alternatives to down in the insulated jacket market with technologies like its patented ThermoPlume product. ThermoPlume insulation features comparable performance to down insulation when dry, superior performance to down insulation when wet, can be made with 100% recycled raw materials, and can be seamlessly integrated into the traditional down manufacturing process. The acquisition is expected to close in July, subject to customary closing conditions. Following the close of the transaction, PrimaLoft will continue to be led by its current leadership team.
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CSLLY | Hot Stocks08:40 EDT Seqirus completes $156M expansion to Holly Springs manufacturing facility - Seqirus, a business of CSL Limited, announced the completion of an expansion to the company's manufacturing facility in Holly Springs, N.C. The new pre-filled syringe line has received FDA approval and will support influenza vaccine production for the 2022/23 Northern Hemisphere season and beyond. Additionally, it will enhance the site's ability to respond to an influenza pandemic. The expansion, which began in 2018, cost $156M dollars to complete and will support more than 80 additional highly skilled jobs in the Holly Springs community. The expanded manufacturing facility and new pre-filled syringe line will allow Seqirus to increase its capacity to supply the U.S. market with FLUCELVAX QUADRIVALENT, the first and only cell-based quadrivalent influenza vaccine in the U.S. for individuals six months of age and older.
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AMRN CARA | Hot Stocks08:40 EDT Amarin CFO Michael Kalb resigns, Tom Reilly to succeed - Amarin Corporation announced the appointment of Tom Reilly as CFO, effective June 20, 2022. The appointment follows the resignation of Michael W. Kalb who will leave the Company to pursue other interests after a brief transition period. Most recently, Reilly served as CFO for Cara Therapeutics, where he was responsible for leading all aspects of Cara's financial operations and planning.
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GEVO... | Hot Stocks08:38 EDT Gevo enters partner agreement with Google Cloud - Gevo announced that it has entered into a partner agreement with Google Cloud to measure and verify the efficacy of next-generation biofuels across the supply chain via full lifecycle sustainability data tracking. Utilizing technology developed by Verity Tracking, a division of Gevo, the collaboration is expected to enable users to track and verify emissions using datasets and analytics tools from Google Cloud. The goal will be to help companies create a more data-driven approach to understanding and lowering greenhouse gas intensity globally. Together, Google Cloud and Verity expect to work on product-level engagements to address market and customer needs. Utilizing Google Cloud's analytics tools and Google Earth Engine's multi-petabyte catalog of Earth observation data, Gevo and Verity expect to provide measured verification of asset-level atmospheric emissions reductions, renewable energy-powered electricity for processing, and land-use changes with soil quality and water impacts to support Gevo's smart agriculture and carbon intensity claims, from farm to flight.
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WTHVF | Hot Stocks08:37 EDT Westhaven Gold announces drill results from Shovelnose gold property - Westhaven Gold is pleased to announce drill results from its ongoing drill campaign at its 100% owned 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt, which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia. Gareth Thomas, President & CEO, comments: "Drilling continues to expand the high-grade FMN Zone towards the South Zone which is located approximately 2 kilometres to the southeast. Drill intercepts SN22-213 and SN22-229 are located 40 metres and 80 metres respectively along strike from SN22-212 which is 240 metres along strike from SN21-161. Hole SN22-229 is the highest silver intercept drilled to date on the Shovelnose property. There are several hundred metres of largely untested strike length at the FMN Zone, both towards the South Zone and towards the Franz Zone. In addition to hosting bonanza grades, the FMN Zone benefits from minimal overburden with mineralization starting at bedrock surface." Westhaven is reporting assays for 21 holes from its ongoing drill campaign at Shovelnose. Recent Drilling Highlights: SN22-229: 14.96 metres of 5.69 g/t gold and 343.57 g/t silver, including 8.50m of 8.69 g/t Au and 478.59 g/t Ag. SN22-213: 38.22m of 3.36 g/t Au and 11.48 g/t Ag, including 1.34m of 65.22 g/t Au and 199.11 g/t Ag, including 0.64m of 112.50 g/t Au and 333.00 g/t Ag. SN22-214: 22.28m of 1.19 g/t Au and 3.85 Ag, including 6.09m of 2.71 g/t Au and 5.73 g/t Ag. Peter Fischl, Exploration Manager, comments: "Drilling at FMN continues to encounter elevated gold and silver in several different areas of mineralization within Vein Zone 1. Shallower drilling continues to encounter significant gold over broader widths at FMN as highlighted in hole SN22-213. This intercept is centred 50m below surface. These broad near surface intercepts add to the open-pit potential at FMN. Deeper drilling has commenced in an area of mineralization containing significant silver previously intersected in 2020 drilling with holes SN20-139. This zone, centred at 1200m elevation, is being targeted to better define this silver-rich mineralization, starting with hole SN22-229. This hole intersected an 8m wide quartz breccia vein and flanking sheeted veinlet zone that returned 5.69 g/t Au and 343.57 g/t Ag over 14.96m. Fischl goes on to add, "With the recent completion of a DC Resistivity survey at FMN it is anticipated that drilling will resume stepping out from the central part of FMN northwestward into the gap between FMN and Franz in the coming weeks. Recent drilling at Alpine continues to define near surface mineralization in Vein Zone 2 within and immediately below the proposed open pit defined during the calculation of the maiden open pit resource released earlier this year. Highlights here include hole SN22-220 and hole SN22-221."
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AMH | Hot Stocks08:36 EDT American Homes, Varde Parters enter into $500M land banking facility agreement - American Homes 4 Rent and Varde Partners announced that they have entered into a land banking facility agreement. This facility provides $500M in initial capacity to acquire and develop new land opportunities as part of American Homes 4 Rent's internal development platform. The two firms have recently closed their first six land transactions into the facility, representing total acquisition and development costs of over $150M, and due diligence is underway on additional sites. "Our facility with Varde Partners will enable us to continue the strategic expansion of our development pipeline while also maintaining our commitment to a best-in-class investment grade balance sheet and reducing long-term risk," said David Singelyn, Chief Executive Officer of American Homes 4 Rent. "With a continued focus on our disciplined underwriting process and a robust pipeline of development opportunities, we are well-positioned to execute our three-pronged growth strategy in our diversified portfolio footprint while driving value for shareholders."
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CVE | Hot Stocks08:35 EDT Cenovus Energy announces enhanced long-term sponsorship of Calgary Stampede - Cenovus Energy announced a new and substantial long-term sponsorship agreement with the Calgary Stampede. The four-year, Champion level sponsorship builds on more than a decade of involvement with the Stampede. The enhanced relationship, which runs through 2025, includes premier sponsorship of the Saddle Bronc competition and a new fan experience with company volunteers handing out treats and other giveaways to lucky fans seated in the designated Cenovus Energy Zone during the rodeo. In addition, the agreement provides opportunities for Cenovus staff to volunteer at the Stampede, which runs from July 8 to July 17.
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NBIX | Hot Stocks08:35 EDT Neurocrine presents data on sleep disturbances, OFF time - Neurocrine Biosciences presents data on sleep disturbances in Parkinson's disease demonstrating the impact of OFF episodes, or reemergence of symptoms between doses of levodopa, on falling asleep and staying asleep. These data are being shared at SLEEP 2022, the annual meeting of the Associated Professional Sleep Societies being held June 4-8 in Charlotte, North Carolina. The post-hoc analyses were conducted using baseline data from two previous Phase 3 studies of ONGENTYS capsules, an approved once-daily adjunctive treatment to levodopa/carbidopa in patients with PD experiencing OFF time. Results of this post-hoc analysis indicate that 34.4% of participants experienced an OFF episode before going to sleep for a mean duration of 1.8+/-1.2 hours. Among participants who woke up during the night, 81.0% were in an OFF state for a mean duration of 1.0 hours. Additionally, 89.4% of participants experienced an OFF episode upon waking in the morning, with the mean duration of this time to morning "ON" episode being 1.5 hours. OFF episodes can contribute to sleep impairment, a common but poorly addressed problem in patients with PD. The potential impact of OFF periods on sleep has not been well characterized.
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PRAX | Hot Stocks08:34 EDT Praxis Precision Medicines down 65% after Aria Study misses goal - Shares of Praxis Precision Medicines are down $5.59, or 65%, to $3.00 in pre-market trading after Marcio Souza, president and CEO of Praxis, said he was "surprised and disappointed in the Aria Study results."
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AGTC | Hot Stocks08:33 EDT Applied Genetic to present three-month interim results from SKYLINE trial - Applied Genetic Technologies Corporation announced an encore presentation of interim data from its ongoing Phase 2 Skyline trial of AGTC-501, a recombinant AAV viral vector-based gene therapy targeting mutations in the RPGR gene in patients with X-linked retinitis pigmentosa, at the 45th Macula Society Annual Meeting taking place June 8-11, 2022, in Berlin, Germany. "We are excited to share these data from the Skyline clinical trial with the international ophthalmology community, as we believe robust improvements in visual sensitivity, along with a favorable safety profile, show great promise for AGTC-501 as a potential treatment for patients with XLRP", said Dr. Susan Schneider, Chief Medical Officer of AGTC. "We look forward to sharing future updates as we continue to progress AGTC-501 through the Vista Phase 2/3 clinical trial and towards a potential BLA submission."
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METX | Hot Stocks08:33 EDT Meten provides updates on its digital currency business - Meten Holding provided updates on the Company's digital currency business. To date, the Company has put 1,482 mining machines into operation with an aggregate computing power of 150PH/s. Moreover, as previously disclosed in February 2022, the Company purchased 600 XP mining machines from Bitmain Technologies Ltd. with an aggregate computing power of approximately 100PH/s. These mining machines are expected to be delivered and put into operation in the second half of 2022. In addition, the Company is actively seeking opportunities to acquire mining machines that are currently in operation as the Company's goal is to achieve an aggregate computing power of 600PH/s to 800PH/s by the end of this year. Jason Zhao, Chairman of Meten Holding Group, commented, "As the Company is in the middle of the transition to becoming a technology company focusing on metaverse, the digital currency business is an indispensable aspect for us to achieve the transformation. We are committed to investing in mining machines to increase our computing power and improve our operating efficiency. Our goal is to hold and operate these mining machines for the long term and grow the size of our fleet of mining machines steadily. We believe t this approach will help us strengthen our financials and generate more value for our shareholders."
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BTOG | Hot Stocks08:33 EDT Bit Origin to lease 1,000 mining spots with three megawatts of power - Bit Origin has entered into a Letter of Intent with Your Choice 4 CA, a U.S. based data center operator managed by 1024 Capital, to lease 1,000 mining spots with three Megawatts of mining power in Marion, Indiana. The potential lease agreement is expected to increase productivity of approximately 12.66 BTCs per month for the Company when all miners are deployed in mid-June 2022 as scheduled. ursuant to the LOI, YCI agrees to provide Bit Origin with 1,000 hosting spots, providing approximately 100 PH/s at full capacity. The Company expects to enter into a definitive agreement in the coming days. As the transaction proceeds, the Company will publicly disclose required information either through press releases or SEC filings, as appropriate.
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AYLA | Hot Stocks08:31 EDT Ayala Pharmaceuticals announces data on AL101 in ACC - Ayala Pharmaceuticals is announcing data on AL101 from the Phase 2 ACCURACY study in a poster at the 2022 American Society of Clinical Oncology Annual Meeting taking place June 3-7, 2022 in Chicago, Illinois. The poster at ASCO provides updated data from the 4mg and 6 mg AL101 cohorts in the ACCURACY study of the AL101, a selective gamma-secretase inhibitor, in subjects with recurrent/metastatic adenoid cystic carcinoma harboring Notch activating mutations. The most recent safety efficacy, PK, and PD data from the study is presented. The abstract from this study has been released on the 2022 ASCO Annual Meeting website ACCURACY is an open-label, single-arm, multicenter Phase 2 study to assess the clinical activity of AL101 using radiographic assessments of patients with R/M ACC demonstrating disease progression within 6 months prior to dosing. It is the first ACC study selecting subjects with ACC bearing defined NOTCH-activating mutations. A total of 87 patients were enrolled and of these, 77 were evaluable for efficacy. Approximately 90% of the patients had metastatic disease at screening. This was a heavily pretreated patient population with over half having previously received some form of systemic therapy. Preliminary data from the study were announced by Ayala in 2021. Efficacy Results: In the 4mg dose group, 6 patients had a partial response, 23 had stable disease, for an overall disease control rate of 70.7%. In the 6mg dose group, 3 patients had a partial response, 21 had stable disease and for an overall disease control rate of 66.7%. Fifty six percent of the 4mg cohort patients and 36% of the 6mg cohort patients experienced some degree of tumor regression. The median progression free survival in each of the 4mg and 6mg dose cohorts was 3.7 months but was 6.7 months among the patients who had a partial response. Median overall survival was 9.3 months in the overall group but 12.1 months among the patients who had a partial response. Both dose regimens demonstrated substantial inhibition of the NOTCH pathway consistent with previous studies, but the higher dose did not improve the observed outcomes Safety AL101 was adequately tolerated with most adverse events being Grade 1 or 2 Among all 87 patients, 54 or 62% had treatment related grade 3 or 4 AEs (49% in the 4mg cohort and 76% in the 6mg cohort).
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OVID | Hot Stocks08:29 EDT Ovid Therapeutics presents preclinical data on OV329 - Ovid Therapeutics presented data at the 2022 Epilepsy Foundation Pipeline Conference. New preclinical data support the robust anti-seizure activity of OV329, a next-generation GABA-aminotransferase inhibitor in development for rare adult and pediatric epilepsies. Robust anti-seizure activity: Findings from preclinical seizure and epilepsy models indicate that OV329 significantly reduced focal and generalized seizures, including pharmacoresistant seizure phenotypes. Therapeutic dose with enhanced safety margin: A preclinical model of focal seizures in mice demonstrated that repeated administration of OV329 at a dose of 3 mg/kg reduced seizures by approximately 70% by the eighth day of treatment, as compared to placebo. Data presented by Ovid last month at the 2022 EILAT XVI Conference on New Antiepileptic Drugs and Devices found the same dose in rats was well-tolerated with no ocular changes observed following 45 days of repeated exposure, as compared to a generally equivalent human therapeutic dose of vigabatrim which did show ocular toxicity changes at 45 days. Potential seizure protection: A mouse model of generalized seizures showed a single dose of OV329 led to significant seizure reduction over a prolonged period. Another model using doses of OV329 at 40 mg/kg suggests that it may prevent the occurrence of seizures, and therefore, may have potential for antiepileptogenesis. In preclinical animal safety studies, OV329 was well-tolerated with no reported genotoxicity, cardiovascular or central nervous system effects at expected therapeutic doses. Importantly, in a translatable animal model, OV329 showed no adverse ocular effects at an anticipated therapeutic dose of 3 mg/kg after 45 days of dosing. In comparison, ocular effects have been seen in about half of the animals treated with vigabatrin at a generally equivalent human therapeutic dose of 300 mg/kg.
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HRMY | Hot Stocks08:28 EDT Harmony Biosciences presents post-hoc analysis of WAKIX data - Harmony Biosciences announced results of a post-hoc analysis from the pivotal data evaluating the clinical impact of WAKIX on the reduction of excessive daytime sleepiness, EDS, and cataplexy in adults with a high burden of narcolepsy symptoms. The analysis was presented as a poster at the 36th Annual Meeting of the Associated Professional Sleep Societies, APSS, known as "SLEEP 2022," held in Charlotte, NC June 4-8. "The results from this post-hoc analysis of data from randomized, controlled trials in the clinical development program for WAKIX presented at SLEEP 2022 reinforce the clinical effectiveness of WAKIX in patients with a high burden of narcolepsy symptoms," said Harmony's Chief Medical Officer, Jeffrey Dayno, M.D. "Clinical impact, quantified through effect size metrics, lends another perspective on the efficacy profile of WAKIX, especially when assessed in patients with high symptom burden." The poster presents a post-hoc analysis of pooled data from patients in the pivotal clinical trials with WAKIX who had a high burden of EDS and cataplexy. The data were pooled from HARMONY 1 and HARMONY CTP, two randomized, placebo-controlled seven- and eight-week studies in adult patients with narcolepsy from the clinical development program for WAKIX. Patients enrolled in the trial were individually titrated over a three-week period, with a potential maximum dose of 35.6mg/day, after which the dose remained stable.
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BCAC | Hot Stocks08:28 EDT Apexigen announces publication, presentation on Phase 2 PRINCE trial - Apexigen announced a peer-reviewed publication of the randomized, three-arm, Phase 2 PRINCE trial in patients with metastatic pancreatic cancer, conducted in collaboration with the Parker Institute for Cancer Immunotherapy, Bristol Myers Squibb and Cancer Research Institute. The Nature Medicine publication is titled, "Sotigalimab and/or nivolumab with chemotherapy in first-line metastatic pancreatic cancer: clinical and immunologic analyses from the randomized Phase 2 PRINCE trial." The data was also featured in an oral presentation at the 2022 American Society of Clinical Oncology Annual Meeting, taking place in Chicago from June 3-7, 2022. "We are encouraged that sotigalimab, an agonistic CD40 antibody, and separately, nivolumab, a PD-1 inhibitor, in combination with chemotherapy elicit distinct signatures of clinical and immune response that are consistent with their respective mechanisms of action," said Frank Hsu, M.D., Chief Medical Officer of Apexigen. "These findings reveal that baseline treatment-specific biomarkers may predict survival differences between these treatment regimens, as well as the potential of multi-omic, multi-parameter immune and tumor biomarker analyses to identify subsets of PDAC patients that may benefit from CD40 or PD-1 treatment in combination with chemotherapy." Key findings from the sotigalimab treatment analyses are included below: Clinical benefit for sotiga/chemo correlated with several markers including baseline helper CD4 T-cell infiltration in the tumor and a differentiated CD4 T-cell compartment and professional antigen presenting cells in circulation. A patient subset benefitting from the dual immunotherapy combination was not identified and the biomarker data are suggestive of immune exhaustion emerging post-treatment.
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KIGRY... | Hot Stocks08:27 EDT Kion Group's Dematic announces partnership with Google Cloud - Dematic - a subsidiary of the global intralogistics provider KION Group (KIGRY) - announced a partnership to transform the supply chain industry through accelerated cloud innovation. Dematic aims to bolster supply chain resiliency and deliver go-to-market solutions by combining Dematic's supply chain expertise with Google Cloud's (GOOG;GOOGL) cloud, Artificial Intelligence and Machine Learning technologies. "This partnership is a continuation of our invaluable collaboration with the Google Cloud team, whose keen interest in helping us build and test the next generation of warehouse management solutions makes this alliance a perfect match for our growth strategy. Through this partnership we are helping our customers advance their positions in the industry," said Dematic Chief Technology Officer Dee Cusack.
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AVEO | Hot Stocks08:26 EDT Aveo Pharmaceuticals presents posters on tivozanib at ASCO meeting - AVEO Oncology presented three posters during the 2022 American Society of Clinical Oncology Annual Meeting highlighting data for tivozanib, the Company's oral, once-daily next-generation vascular endothelial growth factor receptor tyrosine kinase inhibitor designed to block the VEGF pathway by potently and selectively inhibiting all three VEGF receptors. Poster title: "Maturation of overall survival in TIVO-3 with long-term follow-up." - AVEO presented a poster evaluating OS with extended mean follow-up. As previously announced, at two years following the last patient in the TIVO-3 study, the mean follow-up was 17.9 months and 65% of patients experienced an event, with an OS hazard ratio of 0.99. With subsequent OS analyses and mean follow-up extended to 22.8 months, the data show that 80% of patients ultimately experienced events and the hazard ratio of OS lowered to 0.89, trending in favor of tivozanib. A conditional survival analysis was also performed which looked at OS for patients whose disease was progression free at the 12 month landmark, showing a statistically significant 55% relative reduction in the risk of death with tivozanib over sorafenib in this population. The median OS for those patients achieving 12 month PFS was 48.3 months as compared to 32.8 months, once again demonstrating the long-term benefit of tivozanib. Poster title: "Activity of tivozanib in non-clear cell renal cell carcinoma: Subgroup analysis from a phase 2 randomized discontinuation trial." - AVEO presented data from a subgroup analysis of patients with nccRCC who had no prior VEGF targeted treatment in its Phase 2 randomized discontinuation trial evaluating tivozanib. These data showed that the overall response rate at 16 weeks in all treated patients with nccRCC was 15.2% by independent radiology review. The best unconfirmed overall response rate and confirmed ORR was 31.6% and 21.1%, respectively. The disease control rate was 74%. The median PFS was 6.7 months. Safety was not analyzed by histology but there were no new safety signals and this was consistent with tivozanib labelling in the intent to treat population. The analysis concluded that tivozanib demonstrated activity and a favorable safety profile in patients with nccRCC. These data add to the body of evidence supporting VEGFR TKI use in advanced RCC, including in non-clear cell histologies. Trials in Progress Poster Presentation "TiNivo-2: A phase 3, randomized, controlled, multicenter, open-label study to compare tivozanib in combination with nivolumab to tivozanib monotherapy in subjects with renal cell carcinoma who have progressed following one or two lines of therapy where one line was an immune checkpoint inhibitor." - The Company presented a trial in progress poster for the Phase 3 TiNivo-2 trial, which is evaluating the combination of tivozanib and Bristol-Myers Squibb's OPDIVO, an antibody directed against programmed death-1, versus tivozanib monotherapy for the treatment of RCC patients progressing following prior immune checkpoint inhibitor therapy. Subjects will receive tivozanib 1.34 mg orally once daily for 21 consecutive days followed by seven days off, on the monotherapy arm, and tivozanib 0.89 mg at the same schedule in addition to nivolumab 480 mg intravenously every four weeks on the combination arm. The primary objective of the study is to compare the PFS of tivozanib in combination with nivolumab to monotherapy tivozanib. A sample size of 326 subjects, with 191 events will provide at least 80% power to detect a 50% improvement in PFS as assessed by IRR. Secondary endpoints include assessment of OS, ORR and duration of response, as well as safety and tolerability. Exploratory endpoints are to assess the quality of life and to investigate the pharmacokinetics of tivozanib. TiNivo-2 opened for enrollment during the third quarter of 2021 and currently expects to complete enrollment in the first half of 2023.
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MRTX | Hot Stocks08:25 EDT Mirati Therapeutics announces results from Phase 1b cohort of KRYSTAL-1 - Mirati Therapeutics announced results of a prospective analysis from the Phase 1b cohort of the KRYSTAL-1 study evaluating intracranial, IC, responses of adagrasib in patients with KRASG12C-mutated non-small cell lung cancer, NSCLC, with active and untreated central nervous system, CNS, metastases. This is the first clinical data demonstrating CNS-specific activity of a KRASG12C inhibitor in patients with NSCLC with active and untreated CNS metastases. Findings show that approximately one third of the patients had an IC response in patients with CNS metastases, consistent with what was observed systemically in this cohort. Results of Prospective Analysis: 25 patients with active, untreated CNS metastases were enrolled in the study and treated with adagrasib 600 mg BID. Of the radiographically evaluable patients, results showed an IC objective response rate of 32% by modified response assessment in neuro-oncology-brain metastases by blinded independent central review.In this analysis, three patients achieved a complete response and three patients achieved a partial response. The IC disease control rate was 84%. The median IC duration of response was not reached. Concordance of disease control between systemic and IC responses was 88%. For all patients enrolled, median overall survival was not reached. The safety profile of adagrasib in this study was consistent with the overall population with no new safety signals observed. Grade 1 and 2 treatment related adverse events occurred in 60% of patients. Grade 3 TRAEs occurred in 36% of patients, and there were no Grade 4/5 TRAEs.
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MDGL | Hot Stocks08:24 EDT Madrigal Pharmaceuticals supports International NASH Day - Madrigal Pharmaceuticals announced its support for the fifth International NASH Day, taking place on June 9, 2022. Led by the Global Liver Institute in partnership with patient groups and non-profit organizations across the globe, International NASH Day is a public education campaign launched in June 2018 to raise visibility and urgency around fatty liver disease and its more advanced form, NASH. The day includes community events and health screenings, educational briefings, media outreach, and social media campaigns globally.
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GBT | Hot Stocks08:23 EDT Global Blood granted orphan drug, rare pediatric disease designations - Global Blood Therapeutics announced that the U.S. Food and Drug Administration has granted both orphan drug and rare pediatric disease designations for inclacumab and GBT021601 for the treatment of sickle cell disease. Inclacumab is a novel P-selectin inhibitor currently in Phase 3 clinical trials to evaluate its potential to reduce the occurrence of vaso-occlusive crises and readmissions due to VOCs in patients with SCD. GBT601, a next generation sickle hemoglobin polymerization inhibitor, is being studied in a restarted Phase 1 clinical trial and is expected to advance into the Phase 2 portion of a Phase 2/3 trial by mid-year. VOCs take a significant toll on patients and are a leading cause of hospital readmissions in SCD.1 Patient enrollment is currently ongoing in two randomized, double-blind, placebo-controlled Phase 3 clinical trials evaluating the safety and efficacy of inclacumab - dosed quarterly - for the potential treatment of VOCs associated with SCD. Both studies are enrolling individuals with SCD ages 12 years and older who have experienced between two and 10 VOCs in the previous year. Inclacumab selectively targets P-selectin, a protein that mediates cell adhesion and is clinically validated to reduce pain crises. The first registrational trial, GBT2104-131, is evaluating the effect of inclacumab on the frequency of VOCs. The second registrational trial, GBT2104-132, is evaluating the effect of a single dose of inclacumab on hospital readmission rates. A Phase 1 study of six SCD patients demonstrated that GBT601, which has the same mechanism of action as Oxbryta achieved a high target hemoglobin occupancy at daily doses lower than 500 mg, while maintaining a favorable safety and tolerability profile. After patients who participated in the earlier Phase 1 study of GBT601 expressed interest in participating in a restart of the study at a higher dose, GBT recently restarted the Phase 1 study to assess a 150 mg daily dose, greater than the 100 mg daily maintenance dose previously studied. Upon completion, the company plans to submit these new data for presentation at a medical meeting later this year
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VBIV | Hot Stocks08:22 EDT VBI Vaccines announces new tumor response and OS data for VBI-1901 at ASCO - VBI Vaccines announced that new tumor response and overall survival data from the ongoing Phase 2a study of VBI-1901, the Company's cancer vaccine immunotherapeutic candidate, in recurrent glioblastoma was presented at the 2022 American Society of Clinical Oncology Annual Meeting on June 5. The expanded Phase 2a data were selected for presentation in both a poster session and a poster discussion session. "We continue to be motivated by the data seen in this Phase 2a study of VBI-1901 as we endeavor to provide new treatment options to patients with very few available to them," said David E. Anderson, Ph.D., VBI's Chief Scientific Officer. "Considering the high mortality rate among GBM patients, particularly in the recurrent setting, median overall survival of approximately 13-15 months seen in our two study arms suggests an additional survival benefit of nearly six months in comparison with historical control data in the recurrent population after treatment with a monotherapy.1 Moreover, the correlation of tumor responses and clinical response benefit observed in tandem is very encouraging. We remain in close discussion with our study investigators and scientific advisors as we move toward the next stages of development in both the recurrent and frontline GBM settings, and look forward to advancing this development program as diligently as possible."
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INDO | Hot Stocks08:21 EDT Indonesia Energy to provide operations update at LD Micro conference - Indonesia Energy Corporation announced its President, Frank Ingriselli, will be presenting at the LD Micro Invitational XII investor conference on Wednesday, June 8th at 5:30pm PDT. The event will be held in-person at the Four Seasons Westlake Village in Los Angeles and will be available to live stream virtually. LD Micro Invitational XII - Indonesia Energy Investor Presentation Date: Wednesday, June 8, 2022 Time: 5:30pm Pacific Time Live. IEC announced three weeks ago that it discovered oil in its "Kruh 27" well. Kruh 27 is the first of two back-to-back wells being drilled by IEC during the first half of 2022 at its 63,000-acre Kruh Block. As previously announced, IEC has plans to drill two additional wells at Kruh Block during 2022 following the initial back-to-back wells. The drilling rig that successfully drilled the Kruh 27 well has moved to the next location to commence drilling the Kruh 28 well. A third new well new well at Kruh Block is anticipated to commence drilling in the July-August 2022 timeframe, and likely a fourth new well sometime before the end of 2022. These wells are the continuation of IEC's previously announced drilling campaign to complete a total of 18 new production wells in Kruh Block by the end of 2024. Each of these new wells are expected to average production of over 100 barrels of oil per day over the first year of production, and each well will cost approximately $1.5 million to drill and complete. Based on the terms of IEC's contract with the Indonesian government and an oil price of $90.00/barrel, each well is expected to generate $2.4 million in net revenue in its first twelve months, which would be enough to recover the cost of drilling the wells in only the first year of production. The Kruh Block is located on Sumatra Island where IEC is already producing oil from 5 existing wells. Mr. Frank Ingriselli, IEC's President, commented "We look forward to returning live to the LD Micro Conference so that we can discuss our recent discoveries, expectations for new oil production and future plans to continue drilling at Kruh Block. Our results at Kruh 27 reinforce our belief that Kruh Block is a world class asset that should significantly grow our cash flow as we drill additional wells and seek to maximize returns on our investments and grow shareholder value. Additionally, our company is also moving forward during 2022 with testing and other developmental activities at our 1,000,000 acre Citarum Block, where the previous operator drilled a few gas discoveries."
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CBRL | Hot Stocks08:21 EDT Biglari Capital issues letter to shareholders of Cracker Barrel - Biglari Capital Corp. issued the following letter to shareholders of Cracker Barrel Old Country Store. "Dear Fellow Cracker Barrel Shareholders: We are shareholders of Cracker Barrel Old Country Store, with an ownership of 2,055,141 shares, representing 8.8% of the Company's outstanding shares. On December 14, 2021, we issued a public letter to shareholders highlighting our concerns about Cracker Barrel's poor performance. Six months later, Cracker Barrel continues to lag behind its peer group, as the table below demonstrates. We believe management has neglected to focus on core issues relating to the Company's customer traffic and store-level margins. In our view, there is no sound rationale for pursuing headlong expansion of new units when a significant productivity gap persists in existing units... Over the last five years, the CEO has failed to retain customers; failed in a major acquisition, with a 100% loss within eight months; and failed to adapt to a modern post-pandemic environment. Cracker Barrel management has been consistent in losing customers and blaming external factors for its underperformance. It is time to replace CEO Sandy Cochran. Furthermore, the Company should return cash to shareholders through an aggressive share repurchase program or through a significant special dividend. We continue to see that a dollar in the hands of current management turns into less than a dollar of value for shareholders."
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ASMB | Hot Stocks08:20 EDT Assembly Biosciences initiates Phase 1b clinical trial of ABI-H3733 - Assembly Biosciences announced the initiation of a Phase 1b trial of its investigational next-generation, highly potent core inhibitor ABI-H3733. 3733 has demonstrated significantly increased potency against covalently closed circular DNA formation and new virus production as compared to first-generation core inhibitors in preclinical studies, consistent with the company's strategy to optimize its next-generation candidates for antiviral activity against both mechanisms. This trial builds upon the results of a previous Phase 1a study of 3733 showing a favorable safety and pharmacokinetic profile and will evaluate a new tablet formulation with the potential for convenient once-daily dosing. The Phase 1b clinical trial is a randomized, multi-center, double-blind and placebo-controlled study that will evaluate the safety, pharmacokinetics and antiviral activity of 3733 in adults with chronic HBV infection. The dose-escalation trial will enroll approximately 50 patients with diagnosed cHBV infection who are treatment naive or who are off treatment. Patients will be randomized 8:2 between the new tablet formulation of 3733 and placebo for a period of 28 days. The objectives of the study include assessments of safety, tolerability and pharmacokinetics of 3733 in patients with cHBV infection, as well as changes in HBV DNA and other viral parameters associated with 3733 treatment. Results of the trial will support dose selection for a future Phase 2 trial.
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SKT | Hot Stocks08:19 EDT Tanger Factory trading resumes
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ABST | Hot Stocks08:19 EDT Absolute Software announces new partnerships with ISVs 'leveraging' APaaS - Absolute Software announced new partnerships with leading Independent Software Vendors to strengthen resiliency of their endpoint applications with Absolute Application Persistence-as-a-Service . As APaaS partners, Ericom, Utopic, and WinMagic are leveraging Absolute's firmware-embedded technology to monitor and automatically heal their mission-critical security solutions - ensuring they remain healthy, installed, and working effectively across their customer bases. Through APaaS, ISVs have the ability to embed Absolute's Application Persistence capabilities directly into their software packages to continuously maintain the integrity of their endpoint applications with lower development costs and no ongoing code maintenance. APaaS partners also have access to rich application health telemetry data that offers valuable insights into application health and performance, allowing for continuous optimization and improvement.
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FCEL | Hot Stocks08:19 EDT FuelCell enters collaboration with TuNur - FuelCell Energy announced that it has executed a memorandum of understanding with TuNur Ltd., an independent renewable energy and green hydrogen developer focused on delivering low-carbon electricity and hydrogen to North Africa and Europe. Tunisia is the central point in the Mediterranean and offers huge potential for green electricity, hydrogen and ammonia for its own domestic needs and for export between Africa and Europe. The country's very high solar resource enables reliable, low-cost solar production, and the presence of a pipeline that extends from Tunisia to Italy is ideal for leveraging FuelCell Energy's electrolysis platform to generate hydrogen and transport it into Europe.
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PRTG | Hot Stocks08:18 EDT Portage Biotech presents early data from Phase 1/2 study of PORT-2 - Portage Biotech announced that the Company presented early data from its Phase 1/2 study of PORT-2, an invariant natural killer T cell agonist for patients with melanoma and non-small cell lung cancer, at the 2022 American Society of Clinical Oncology meeting. Portage also presented three posters on INT230-6 in collaboration with Intensity Therapeutics. "We are encouraged by the preliminary safety profile of PORT-2, which is well tolerated when administered intravenously as a monotherapy at all doses tested, including demonstrating single agent activity in one of the two heavily pre-treated patients treated at the mid dose level," said Dr. Ian Walters, Chief Executive Officer of Portage Biotech. "Additionally, translational analysis confirms that PORT-2 activates iNKT cells, NK cells and dendritic cells, supporting the mechanism of action to stimulate both the adaptive and innate immune system. We plan to continue to evaluate PORT-2 both as a monotherapy and in combination with pembrolizumab and look forward to sharing additional data later in 2022. We are also pleased to share ongoing progress from our collaborators at Intensity Therapeutics including further proof-of-concept in a randomized Phase 2 study for patients with neoadjuvant breast cancer, as well as updates on the ongoing Phase 2 combination studies with Keytruda and Yervoy in collaboration with Merck and BMS."
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AMTX | Hot Stocks08:17 EDT Aemetis completes 20 miles of biogas pipeline, receives Merced County approval - Aemetis announced the completion of 20 miles of biogas pipeline and approval for construction of the remaining biogas pipeline in Merced County, California. Construction of the 39-mile main biogas pipeline is on schedule for completion in Q4 2022. This project milestone allows the installation of biogas pipeline in Merced County for construction of a pipeline for a total of 39 miles from the Aemetis ethanol plant in Keyes, California to dairies in Stanislaus County and Merced counties. The pressurized pipeline conveys conditioned, pressurized biogas from dairies to the Company's centralized gas cleanup facility and the Pacific Gas & Electric interconnection system to inject renewable natural gas nto the gas utility pipeline. At the Keyes plant, the biogas is upgraded to negative carbon intensity RNG for use as a transportation fuel in cars, trucks, and buses. The RNG is either delivered into the PG&E utility pipeline located onsite at the Aemetis ethanol plant, dispensed to trucks at fueling stations across California or at the RNG fueling station being built at the Aemetis plant. Previously, Aemetis announced that it received approval for the biogas pipeline from the Merced County Board of Supervisors for the Phase Two pipeline, as well as an Initial Study/Mitigated Negative Declaration for the entire pipeline project, the key approval necessary to meet the permitting requirements of the California Environmental Quality Act prior to pipeline construction. The CEQA approval confirms that mitigation measures in the biogas project will avoid or mitigate any impacts on the environment. The Company completed the permitting for 20 miles of biogas pipeline in Stanislaus County in August 2021 to connect dairies to the Aemetis biogas cleanup facility at the ethanol facility. The initial four-mile Phase 1 pipeline project was completed and commissioned in the third quarter of 2020 in conjunction with the completion of the Company's first two dairy digesters, and the 20 miles of Stanislaus County pipeline has now been completed. Additional pipeline will be added to connect digesters to the main biogas pipeline. Once complete, the Aemetis biogas digesters and clean-up facility will produce more than 1.65 million MMBtu of RNG each year. Aemetis received a negative -426 Carbon Intensity pathway for biogas from the company's first two dairy digesters, which is currently being utilized as process energy at the ethanol facility.
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FBC | Hot Stocks08:16 EDT Flagstar Bancorp eliminates non-sufficient fund fees - Flagstar Bank will eliminate its current non-sufficient funds fee of $36 and make other significant changes to its overdraft program, starting Aug. 1, 2022. Here are key ways customers will benefit: Non-sufficient funds fees for transactions returned unpaid will be eliminated. The consecutive days overdraft fee for maintaining a negative balance will be eliminated. Overdraft protection transfer fees for automatically transferring funds from a linked account to cover overdrafts will be eliminated. Overdraft charges will be limited to three per day, down from five per day. Overdraft charges will not be assessed on any transaction $10 or less-an improvement from $5 or less. Overdraft charges will not be assessed when the end of day negative balance is $10 or less-an improvement from $5 or less. "We think the changes we're announcing today will help our customers manage their finances more confidently," said Anne Bertelsen, head of Retail Banking for Flagstar.
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MTEM | Hot Stocks08:15 EDT Molecular Templates presents on PD-L1, HER2 programs at ASCO - Molecular Templates announces highlights from the two poster presentations on its clinical programs that were presented on June 5th at the 2022 American Society of Clinical Oncology annual meeting, taking place June 3 through June 7, 2022 at the McCormick Place Convention Center in Chicago, IL. Poster Title: First-in-human, dose escalation and expansion study of MT-6402, a novel engineered toxin body targeting PD-L1, in patients with PD-L1 expressing relapsed/refractory advanced solid tumors: Interim Data: Poster highlights: Data were presented on 12 patients with PD-L1+ relapsed/refractory disease across two dose cohorts: 16 mcg/kg and 24 mcg/kg. Treatment is on-going in the 32 mcg/kg cohort with no dose-limiting toxicities observed to date in the third cohort. Pharmacodynamic effects including PD-L1+ dendritic cell and monocyte cell depletion and T cell activation have been observed in the majority of patients. The extent and timing of these PD effects appear dose-related with patients in the 24 mcg/kg cohort generally showing a more rapid and profound PD effect. Patients in both cohorts demonstrated increases in IL-2. One patient in the first cohort with non-small cell lung cancer that had progressed after prior checkpoint therapy showed qualitative reduction in tumor burden. One DLT was observed in a single patient who experienced dermatitis that resolved rapidly with systemic steroids. The patient was rechallenged without incident at 24 mcg/kg. No other DLTs have been reported. Based on these findings, monotherapy will continue to be investigated and a combination approach with a PD-1 inhibitor is also being considered for select populations of patients. Poster Title: A phase 1 study of the novel immunotoxin MT-5111 in patients with HER2+ tumors: interim results: Data were presented on 35 patients with HER2+ relapsed/refractory disease across eight dose cohorts ranging from 0.5 mcg/kg to 13 mcg/kg and the breast cancer expansion cohort: Treatment is on-going with the 17 mcg/kg cohort having been closed and dosing has begun in the 23 mcg/kg cohort. No Grade 4 or 5 treatment emergent adverse events or DLTs have been identified in 35 patients, including 2 patients who were treated for 6 months or longer. Serum concentration of MT-5111 showed predictable and dose-proportional increasing exposure in the last three evaluable dose cohorts. Higher MT-5111 doses appear to saturate circulating soluble HER2 receptors with patients' HER2 levels stabilizing or decreasing at higher doses.
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SKT | Hot Stocks08:15 EDT Tanger Factory says CFO Williams terminated - In a regulatory filing, Tanger Factory Outlet Centers disclosed that on May 31, the company notified James Williams that he would no longer serve as Executive Vice President, Chief Financial Officer and Treasurer of the company as well as all roles with the company's subsidiaries. "Williams and the company agreed that the termination would be effective on July 1, 2022. His departure is not the result of any disagreement with the company on any financial disclosures, accounting matters or any matter relating to the company's operations, policies or practices. The company has begun a search for a new Chief Financial Officer," Tanger Factory stated.
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EVOK | Hot Stocks08:15 EDT Evoke Pharma, Ashfield Health join forces to form new global platform - Evoke announces the integration of Ashfield Health marketing and communications agencies to form a new global healthcare brand, experience, and communications platform, purpose-built to make health more human. "Our market is evolving rapidly, requiring healthcare brands and organizations to be fluid, constantly transforming, and embracing of new technology into their marketing and communications to reach and engage their audiences in the most compelling way. This was the perfect opportunity to create a genuinely different proposition to anything else in the industry - one that thrives in this type of change, giving our clients the ability and confidence to relentlessly focus on building empathetic experiences for patients that build enduring value," said Reid Connolly, CEO and Founder of Evoke. Evoke's offering is centered around global practice areas in Creative, Communications, Policy & Access, Experience, Data Science, Media, MarTech and Delivery.
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PRAX | Hot Stocks08:15 EDT Praxis Precision Medicines trading resumes
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NVS | Hot Stocks08:13 EDT Novartis says Tafinlar+Mekinist had 'unprecedented efficacy' in pediatric study - Novartis announced Tafinlar+Mekinis significantly improved efficacy in patients ages 1 to 17 years old with BRAF V600 pediatric low-grade glioma, or pLGG, requiring first systemic treatment compared to chemotherapy, the current standard-of-care for these patients. In this study, patients randomized to receive Tafinlar + Mekinist experienced a statistically significant overall response rate, or ORR, of 47% compared to 11% for those randomized to receive chemotherapy. A new liquid formulation of Tafinlar + Mekinist that can be easier to administer than chemotherapy was used in this trial. The data will be highlighted today as part of an official press briefing and oral presentation at the 2022 American Society of Clinical Oncology, or ASCO, Annual Meeting, the company said. "These young patients and their families experience a heavy burden of care as BRAF V600 low-grade glioma poses a risk of neurological impairment and current standard-of-care treatment is intravenous and associated with frequent trips to the cancer clinic or hospital," said Jeff Legos, Executive Vice President, Global Head of Oncology & Hematology Development at Novartis. "Tafinlar + Mekinist has shown unprecedented efficacy, and we will work with health authorities to bring these children the possibility of a more effective and easier to administer liquid oral treatment option as quickly as possible."
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ENPH | Hot Stocks08:13 EDT Enphase Energy says installers in Australia expand adoption of IQ microinverters - Enphase Energy announced that a growing number of Australian solar installers are now exclusively offering Enphase products, as increased solar safety regulations and compliance standards come into effect across the country. In May 2022, AS/NZS5033:2021, an update to installation and safety requirements for photovoltaic arrays, came into effect nationwide in Australia. The revised regulations aim to support solar installers in meeting compliance requirements and promoting consumer and electrical contractor safety. The standard details new compliance measures for direct current centralinverter-based solar systems, including restrictive cable runs, IEC 62930 compliant DC cable, and high visibility DC voltage and warning signs. In contrast, alternating current decentralized inverter-based solar systems operating at extra-low voltage, such as installations with Enphase microinverters, are exempt from most new regulations. As a result, some Australian solar installers are exclusively leveraging Enphase technology to help insulate their businesses and customers from electrical risk and future regulatory changes.
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NYCB | Hot Stocks08:12 EDT New York Community Bancorp to eliminate non-sufficient fund fees - New York Community Bancorp announced the elimination of non-sufficient, NSF, uncollected, and unavailable funds fees on all of its consumer and business checking products, and the elimination of transfer fees on its overdraft shield product, effective August 1, 2022. As part of its review of the Bank's product offerings and to help customers with their cash flow needs, it also plans to launch Early Pay during the third quarter. "The Bank remains committed to its customer first philosophy" said Thomas Cangemi, Chairman, President, and Chief Executive Officer, he continued, "the elimination of these fees and the introduction of Early Pay is another step in helping our customers better manage their finances."
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MYFW | Hot Stocks08:11 EDT First Western Financial to be added to Russell 3000, Russell 2000 Indexes - First Western Financial announced that it is set to join the broad-market Russell 3000 Index and the small-cap Russell 2000 Index at the conclusion of the Russell US Indexes annual reconstitution, effective after the US equity markets open on June 27, 2022, according to a preliminary list of additions posted by FTSE Russell on June 3, 2022.
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MAR | Hot Stocks08:11 EDT Marriott launches 'Marriott's Bridging The Gap' hotel development program - Marriott International announced the launch of "Marriott's Bridging The Gap," a multi-year, $50M development program that aims to address the barriers to entry that historically underrepresented groups face in owning and developing hotels in the United States and Canada. Recognizing that access to capital constitutes a critical barrier to market entry, Marriott will offer financial and other incentives to qualified historically underrepresented owners and franchisees that will have a controlling equity interest in select branded projects. "At the heart of what we do every day is welcome all," said Anthony Capuano, CEO, Marriott International. "Whether that's people who stay with us, work in our hotels, meet our supply needs or develop hotels that fly one of our brand flags - all are welcome. With the establishment of Marriott's Bridging The Gap, we are creating an on-ramp to help propel historically underrepresented groups in the journey to hotel ownership more frequently and more successfully. We are excited to launch Marriott's Bridging The Gap and to continue building a more diverse owner and franchisee community."
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SLDP | Hot Stocks08:10 EDT Solid Power announces installation of EV cell pilot line - Solid Power announced that it has completed installation of its pilot production line - dubbed the "EV cell pilot line" - which is designed to produce EV-scale solid-state cells. Solid Power intends to produce Silicon EV Cells for internal testing before delivering cells to its automotive partners BMW and Ford to kick off automotive qualification testing, which is planned for the end of the year. Solid Power's EV cell pilot line is designed to produce large-format sulfide-based cells in a manner that mimics existing traditional lithium-ion production processes. When running at full capacity, Solid Power's EV cell pilot line is expected to be capable of producing 300 cells per week, or approximately 15,000 cells per year, with the majority of those being planned for automotive qualification testing.
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MCD KR | Hot Stocks08:10 EDT Carl Icahn to discontinue proxy contest waged at Kroger, withdraw nominees - Carl Icahn released a statement to shareholders of McDonald's (MCD) and Kroger (KR), saying in part: "My campaigns concerning McDonald's and Kroger were different from most of the companies in which I have been an activist in that both of these companies are well-performing, financially speaking. I do not believe, however, that the respective boards of directors of these companies are holding their management teams properly accountable with respect to the treatment of animals or with respect to the welfare of their employees. I feel that individuals who ignore the needless pain and suffering of animals are prone to ignore the needs of people, and, to me, the leaders at McDonald's and Kroger have reflected this notion in their compensation practices. It is unconscionable that it will take average employees at these companies multiple years to make what their CEO earns in one day. This glaring pay disparity is contributing to the wage-gap crisis our society is grappling with today, and in turn, that wage-gap crisis is a major cause of the lagging productivity in many of our companies. Admittingly, I was surprised and initially disheartened by the disappointing McDonald's vote. It is clear that shareholders, even if they are concerned about the issues we highlighted, are not willing to change the board configuration if a company is performing well financially. I congratulate the McDonald's team on their victory in this proxy engagement and, after much contemplation, given the company's financial position, I believe the same outcome will result at Kroger. I have therefore decided to discontinue my proxy contest waged at the grocer and withdraw my nominees." Reference Link
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AMR | Hot Stocks08:09 EDT Alpha Metallurgical announces several financial updates - Metallurgical Resources announced several positive financial updates, including the elimination of its remaining term loan balance. Long-Term Debt Elimination: On June 3, 2022, Alpha made a voluntary prepayment of $99.4 million on its term loan, which eliminated all remaining principal and paid the loan in full. Share Repurchase Program: As previously announced, Alpha's board of directors authorized a $600M share repurchase program. As of June 3, the company has acquired 860,934 shares of common stock at a cost of $126.3M. Collateral Release: In connection with Alpha's improved financial position, the company has received a reduction of $40.1 million in collateral requirements related to its self-insured workers compensation at certain locations in West Virginia.
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CLVS | Hot Stocks08:09 EDT Clovis announces first presentation of data from ATHENA trial - Clovis announced the first presentation of data from the monotherapy arm of the randomized, Phase 3 ATHENA trial as a late-breaking oral abstract to be presented on Monday, June 6, at the 2022 American Society of Clinical Oncology, or ASCO, annual meeting in Chicago. The data demonstrate that Rubraca as first-line maintenance treatment significantly improved investigator-assessed progression-free survival, or PFS, compared with placebo in women with advanced ovarian cancer irrespective of biomarker status. The results were simultaneously published in the Journal of Clinical Oncology. ATHENA-MONO enrolled 538 women with high-grade ovarian, fallopian tube, or primary peritoneal cancer. The primary efficacy analysis evaluated two prospectively defined molecular subgroups in a step-down manner: HRD-positive and all patients randomized in ATHENA-MONO. For the primary endpoint of PFS by investigator review in the HRD-positive patient population, the rucaparib arm showed statistically significant improvement over the placebo arm with a hazard ratio of 0.47 representing a 53% reduction in the risk of disease progression. The median PFS for the HRD-positive patient population treated with rucaparib was 28.7 months compared to 11.3 months among those who received placebo. For the secondary endpoint of PFS by blinded independent central review, or BICR, in the HRD-positive patient population, the rucaparib arm showed statistically significant improvement over the placebo arm with a hazard ratio of 0.44 representing a 56% reduction in the risk of disease progression. The median PFS for the HRD-positive population treated with rucaparib was not reached compared to 9.9 months among those who received placebo. For the primary endpoint of PFS by investigator review in the ITT or all patients randomized population, the rucaparib arm showed statistically significant improvement over the placebo arm with a hazard ratio of 0.52 representing a 48% reduction in the risk of disease progression. The median PFS for all patients randomized in ATHENA-MONO and treated with rucaparib was 20.2 months compared to 9.2 months among those who received placebo. For the secondary endpoint of PFS by BICR in the ITT or all patients randomized population, the rucaparib arm showed statistically significant improvement over the placebo arm with a hazard ratio of 0.47 representing a 53% reduction in the risk of disease progression. The median PFS for all patients randomized in ATHENA-MONO and treated with rucaparib was 25.9 months compared to 9.1 months among those who received placebo. The safety profile observed in ATHENA-MONO was consistent with both the current U.S. and European labels for rucaparib. The most common treatment-emergent grade 3 adverse events, or TEAEs, among all patients treated with rucaparib in the ATHENA-MONO comparison were anemia or decreased hemoglobin, neutropenia or neutrophil count decreased, increased ALT/AST and thrombocytopenia or platelet count decreased. AST/ALT elevations were not accompanied by significant changes in bilirubin and there were no reports of drug induced liver toxicity as defined by Hy's Law. The discontinuation rate due to TEAEs was 11.8% for rucaparib-treated patients and 5.5% for the placebo arm; there were two deaths due to TEAEs for rucaparib-treated patients and zero for the placebo arm. Median treatment duration for the rucaparib arm was 14.7 months versus 9.9 months for the placebo arm. Myelodysplastic syndrome, or MDS/acute myeloid leukemia, or AML, was reported by two patients in the rucaparib group and no patients in the placebo group. More than 70% of patients continued to receive 500 mg BID Rubraca through month 12. Changes from baseline in FACT-O TOI scores were similar between rucaparib and placebo in the ITT population.
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ALGS | Hot Stocks08:09 EDT Aligos Therapeutics to participate in Metropolitan Antiviral Drug Accelerator - Aligos Therapeutics announced that the company will participate in the newly formed Metropolitan AntiViral Drug Accelerator which was recently awarded a three-year, $65,141,731 grant from the National Institutes of Health and the National Institute of Allergy and Infectious Disease's Antiviral Drug Discovery Centers for Pathogens of Pandemic Concern program. The MAVDA was formed to address the urgent need to develop novel antiviral treatments for SARS-CoV-2, its variants, other coronaviruses and viruses that may cause pandemics. The group aims to leverage its collective expertise to discover, optimize and test small molecule antiviral drug candidates designed to address target coronaviruses with an emphasis on SARS-CoV-2, as well as at least one additional RNA virus that has the potential to cause a pandemic. Ultimately, the MAVDA participants aim to rapidly develop drugs that can be administered orally in an outpatient setting. In addition to Aligos, the MAVDA combines academic and industry experts in virology and drug development from Rockefeller University, Columbia University and Memorial Sloan-Kettering Cancer Center in New York City; the Hackensack Meridian Center for Discovery and Innovation and Rutgers University in New Jersey; as well as Merck and the non-profit Tri-Institutional Therapeutics Discovery Institute Institute through its industrial partnership with Takeda. The MAVDA will undertake five cooperative projects focusing on developing candidates that each target one of a validated set of eight molecular targets with essential roles in the SARS-CoV-2 life cycle, including 3CLpro, the target of Aligos' broad-spectrum coronavirus protease inhibitor, ALG-097558.
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CGRN | Hot Stocks08:09 EDT Capstone provides 2.6 MW of microturbine energy systems for Southern California - Capstone Green Energy will be enabling two new customers in the education and agricultural sectors to achieve their energy, reliability and environmental goals. Cal Microturbine, Capstone's exclusive distributor for California, Hawaii, Nevada, Oregon and Washington, has secured two orders for Capstone Green Energy Signature Series systems in Southern California. The first order for one C600S unit will be installed for a customer in the education space, while the second order for two C1000S units will be provided to a customer in the agriculture industry. All the systems are expected to be operational by the early part of 2023. "Capstone Green Energy continues to build its portfolio as a cutting-edge provider of clean energy solutions and technology. Our distinct product lines help customers across industries and sectors in California and around the world find green energy solutions. Customers choose Capstone to meet their energy needs while boosting the reliability of their energy supply, improving predictability of energy costs and lowering their carbon footprint," said Darren Jamison, Chief Executive Officer of Capstone Green Energy.
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TKLF | Hot Stocks08:07 EDT Yoshitsu announces opening of 11th retail store in Japan - Yoshitsu announced the grand opening of its 11th physical retail store in Japan on June 6, 2022. The Store is over 3,000 square feet and is located at 1F Maison Akiyama BLDG,12-4, 6-chome, Nishikasai, Edogawa-ku, Tokyo, adjacent to the metropolitan shopping district. The regular opening hours are 10 a.m. to 10 p.m., but the Store operates on a shortened schedule Monday - Sunday from 10 a.m. to 9 p.m., as the Company is taking precautions to mitigate the risk of the COVID-19 pandemic. The opening of the Store is the first of several anticipated openings in 2022, which is a part of the Company's long-term plan to expand its footprint nationwide in Japan. The Company strives to establish the first brick-and-mortar store in Japan with an innovative business model by integrating online live streaming with the in-person store shopping experience. The first floor of the Store provides customers with, among other products, a selection of premium beauty and health products and the Company will also optimize and customize products offered at the Store to best serve the local community. The second floor of the Store has been furnished as a live streaming room, allowing customers worldwide to view and order products online via the live commerce platform. The Company expects to deliver products to customers worldwide in a timely manner by leveraging the geographical advantage of its international logistics centers.
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PLAN | Hot Stocks08:07 EDT Thoma Bravo to pay $63.75 per share for Anaplan vs. prior $66 per share - Anaplan and Thoma Bravo, a leading software investment firm announced that they have amended the terms of their previously announced transaction, pursuant to which Anaplan will be acquired by Thoma Bravo. Under the terms of the amended merger agreement, which was unanimously approved by the Anaplan Board of Directors, Anaplan stockholders will receive $63.75 per share in cash, instead of the original purchase price of $66.00 per share in cash. "We believe Thoma Bravo continues to be the right partner for Anaplan, and we look forward to closing this transaction," said Frank Calderoni, Chairman & Chief Executive Officer. "We remain committed to delivering the best-in-class planning platform to solve our customer's biggest digital transformation challenges. Thoma Bravo's resources and insights will help scale Anaplan's growth strategy. We believe this partnership will deliver significant benefits to Anaplan's customers, partners and employees." Thoma Bravo and Anaplan agreed to amend the merger agreement to resolve a disagreement between the parties regarding compliance with certain terms of the merger agreement. Thoma Bravo asserted that these matters could have resulted in certain closing conditions not being satisfied. Anaplan's position is that it acted at all times in good faith in compliance with the merger agreement and that Thoma Bravo remained at all times obligated to close the original merger agreement according to its original terms. Nevertheless, the Anaplan Board agreed, after extensive consideration, to revise the merger agreement to avoid the risk of lengthy litigation over the disagreement, provide increased closing certainty for its stockholders and close on substantially the same timeline as originally agreed between the parties. Anaplan's Board also believes the terms of the amended merger agreement continue to represent a meaningful premium over the price of Anaplan's common stock prior to the execution of the merger agreement with Thoma Bravo. The parties continue to expect the transaction to close by June 30, 2022, subject to customary closing conditions, including approval by Anaplan stockholders. Upon completion of the transaction, Anaplan common stock will no longer be listed on the New York Stock Exchange, and it will become a private company.
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CORT | Hot Stocks08:06 EDT Corcept Therapeutics to start Phase 3 trial of relacorilant with nab-paclitaxel - Corcept Therapeutics announced that, following consultation with the U.S. Food and Drug Administration, it will start a registrational Phase 3 trial of relacorilant plus nab-paclitaxel in patients with recurrent, platinum-resistant ovarian cancer. The company also announced that the positive results from its 178-patient, randomized, controlled, Phase 2 study will be featured in an oral presentation at the American Society of Clinical Oncology Annual Meeting. ROSELLA has a planned enrollment of 360 women, randomized 1:1 to receive either relacorilant plus nab-paclitaxel or nab-paclitaxel monotherapy. The primary endpoint will be progression free survival, with overall survival as a key secondary endpoint. All patients will have received prior bevacizumab therapy, which is the current standard of care in the United States for patients with platinum-resistant ovarian cancer. Almost two-thirds of the women enrolled in Corcept's Phase 2 trial met this criterion. Women with a history of tumors that do not respond at all to initial platinum-based treatments and those who have received more than three prior lines of therapy - both indicators of a very poor prognosis - will be excluded. Corcept plans to start ROSELLA by the end of this month. In Corcept's Phase 2 trial, women who met the entry criteria for ROSELLA and received relacorilant exhibited substantial benefit, without increasing the frequency or severity of adverse events. Results for patients who received relacorilant at the time they received nab-paclitaxel - the "intermittent" dosing regimen that will be used in ROSELLA.
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JLL | Hot Stocks08:05 EDT Jones Lang LaSalle publishes 2021 sustainability report - JLL released its 2021 Global Sustainability Report, providing updates on the progress it is making across its global operations, corporate supply chain, and with clients, to decarbonize cities and ensure the world's real estate evolves and adapts in a sustainable way. "JLL is determined to play its full part in partnering with our clients and communities in defining and implementing achievable pathways to net zero," said Christian Ulbrich, JLL CEO. "Our annual Global Sustainability Report illustrates the progress we are making and the ambitious targets we have committed to. As our work with World Economic Forum on establishing 10 Green Building Principles shows, we believe continued strong collaborative focus and effort will be vitally important in securing a sustainable built environment for all."
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ENLV | Hot Stocks08:05 EDT Enlivex receives Israeli MOH authorization to initiate Phase I/II trial - Enlivex Therapeutics announced that the Israeli Ministry of Health authorized the initiation of a company-sponsored Phase I/II clinical trial evaluating Allocetra combined with chemotherapy in patients with peritoneal metastases arising from solid cancer. Peritoneal cancer, whether originating from a primary tumor within the peritoneum or from a metastatic tumor elsewhere in the body, is a terminal disease with a poor prognosis. Patients with peritoneal metastases are in urgent need of novel treatment options, as standard-of-care chemotherapy provides only modest survival benefits. The median survival of patients with peritoneal metastases differs based on the location of the primary tumor but is frequently poor, with survival rates of 2.9 months, 6.5 months, and 6.9 months reported for cancers of pancreatic, gastric, and colorectal origins, respectively. The planned Phase I/II trial is an open-label dose escalation and expansion trial that is expected to enroll a total of approximately 12 patients across four cohorts. It is designed to evaluate the safety and potential preliminary efficacy of Allocetra combined with SOC chemotherapy in patients with peritoneal metastases arising from solid cancer. The study will begin with two cohorts of intra-patient and intra-cohort dose escalation to determine the maximum feasible dose of Allocetra in this population, followed by two additional cohorts comparing administration of Allocetra at the selected dose either before or after administration of SOC via a pressurized intraperitoneal aerosol chemotherapy procedure. Intraperitoneally delivered Allocetra and SOC chemotherapy administered via PIPAC will be given to patients every six weeks. Systemic chemotherapy will also be administered per the treating oncologist's plan. The primary endpoint is the number and severity of Allocetra-related adverse events and serious adverse events during the 16-week period, starting from the first administration of study treatment. Secondary endpoints include efficacy assessments, such as best overall response rate progression-free survival, and overall survival. Changes from baseline in macrophage and immune cell characteristics in peritoneal fluid and tissues will also be assessed as an exploratory endpoint. Enlivex plans to initiate the Phase I/II trial evaluating Allocetra in combination with chemotherapy in patients with peritoneal metastases arising from solid cancer in Q3 2022. The Company also expects to initiate a Phase I/II trial evaluating Allocetra in combination with an immune checkpoint inhibitor in late 2022.
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EDAP | Hot Stocks08:03 EDT EDAP TMS announces oral presentations at ISTU - EDAP TMS announced that three oral presentations will be delivered on its HIFU developments at the 21st Annual International Symposium on Therapeutic Ultrasound, which is being held June 7-10, in Toronto and virtually. Marc Oczachowski, EDAP's Chairman and Chief Executive Officer, said, "We are very pleased to have several noteworthy abstracts presented at this year's ISTU annual meeting. We believe that high intensity focused ultrasound has broad clinical utility, well beyond our Focal One core prostate cancer technology platform, and we look forward to presenting these compelling findings." Details of the presentations are as follows: Transrectal High-intensity focused ultrasoundfor the management of rectal Deep Infiltrating Endometriosis: Results of phase I clinical trials: Pr. Dubernard will present the multicentric prospective 60-patient study designed to confirm the feasibility of transrectal HIFU treatment for patients with symptomatic rectal endometriosis and to assess its safety and clinical efficiencies. The investigators conclude that HIFU can be a feasible therapy for rectal endometriosis and could be an interesting minimally invasive alternative to surgery for the treatment of rectosigmoid endometriosis if its efficacy and safety are confirmed. Comparison of HIFU lesion monitoring techniques based on B-mode images: Different monitoring techniques will be presented based on B-mode images acquired for HIFU lesion detection and applied in the context of prostate cancer. Lesion monitoring is crucial to HIFU control in clinical applications. However, open-access, ultrafast US scanners are generally not available in this setting. Four techniques based on B-mode ultrasound images were developed and compared, including passive elastography. The investigators concluded that PE demonstrated precise lesion detection, independent from uncontrolled bubble appearance. Preclinical Evaluation of a Dual-Mode CMUT Probe for Ultrasound-Guided HIFU Treatment: Dr. Suarez-Castellanos demonstrates the technical feasibility of using an ultrasound-guided high intensity focused ultrasound probe, fully developed using capacitive micromachined ultrasonic transducers. The HIFU-CMUT array showed tissue ablation capabilities with volumes compatible with localized cancer targeting, while allowing integration of an imaging array for improved visualization of targeted tissues, thus providing assets for further development of focal therapies.
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ATIF | Hot Stocks08:03 EDT ATIF Holdings signs definitive agreement with Armstrong Logistic - ATIF Holdings announces that it has signed a definitive agreement to provide IPO advisory services to Armstrong Logistic, a specialized provider of warehouse distribution, 3PL fulfillment, and multi-channel fulfillment services. Under the terms of the agreement, the Company will receive a certain number of equity stake in Armstrong Logistic Inc and lead the IPO process by utilizing internal staff and engaging third parties in auditing, valuation, stock exchange consulting, investor relations, and other IPO services.
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WLBMF PAAS | Hot Stocks07:57 EDT Vox to acquire Canadian gold royalty portfolio - Vox Royalty is pleased to announce that it has executed a binding royalty sale and purchase agreement dated June 3, 2022 with an individual prospector residing in Canada to acquire rights to three Canadian gold royalties for total consideration of up to C$1,800,000. Pursuant to the terms of the purchase and sale agreement, Vox will pay C$100,000 cash at closing and make additional cash payments or issue common shares of Vox as follows: C$500,000 or issue up to a maximum of 184,399 common shares in September 2022, C$700,000 or issue up to a maximum of 258,159 common shares in January 2023 and C$500,000 or issue up to a maximum of 184,399 common shares in December 2023. Closing of the Transaction remains conditional upon final acceptance by the TSX Venture Exchange. The royalties include a 1.0% Net Smelter Returns royalty over part of the Goldlund Project in Ontario operated by Treasury Metals, an effective 0.6% NSR royalty over the Beschefer Project in Quebec operated by Goldseek Resources under option from Wallbridge Mining Company Limited, and all personal rights held to a 1.5% NSR royalty over the Gold River deposit in Ontario, which is a satellite deposit to the Timmins West mine operated by Pan American Silver Corp.
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YNDX | Hot Stocks07:54 EDT Yandex says 'extremely disappointed' in sanctioning of CEO Arkady Volozh - Yandex releases a statement of its Board of Directors regarding the recent designation of Arkady Volozh. "We were extremely disappointed to learn that our Founder and CEO, Arkady Volozh, was sanctioned by the EU. We believe this decision to be wholly unjust and based on an inaccurate understanding of Arkady and what Yandex is all about. Rather than being sanctioned, Arkady should be lauded for building, from the ground up, one of the most independent, modern and progressive companies in Russia and one of the most innovative companies in Europe; a true pioneer in search, ride hailing, maps and navigation, and autonomous vehicles to name but a few of the areas where Yandex excels. We note that Arkady has stepped down from his positions as Executive Director and Chief Executive Officer of Yandex N.V. and from his board and executive positions with its international subsidiaries and understand that under the circumstances this was in the best interests of the company and its stakeholders. Nevertheless, we will provide whatever support we can to the company and Arkady as he seeks to appeal and overturn his unfounded designation."
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VHIBF | Hot Stocks07:52 EDT Vitalhub enters licensing agreement for adult correctional facilities in Ontario - VitalHub is pleased to announce that TREAT has been licensed for an initial six-year contract term and an option to extend for four additional years, to better track the essential medical information needed to effectively treat inmates in provincially-run adult correctional institutions across Ontario. For VitalHub, this agreement is an important and meaningful event. The six-year contract value is comprised of recurring license revenue and professional services delivered over a six-year period, totaling approximately C$9M in the initial term. The Ministry of the Solicitor General holds approximately 8,000 inmates a day across its 25 adult correctional institutions. Health care services at all correctional institutions maintain detailed health records for all detainees from the time of admission to release.
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CSPI NVDA | Hot Stocks07:50 EDT ARIA Cybersecurity announces ARIA Zero Trust Gateway - ARIA Cybersecurity Solutions announces its ARIA Zero Trust Gateway, a next-generation network security solution focused on automated 100G Network Response accelerated by the NVIDIA BlueField-2 DPU. Network Service Providers and Cloud Operators asked for a better approach than a firewall/IPS to solve today's network security requirements. They need to stop a wider array of network attacks immediately, as soon as detected, at today's 100G network line rates. Key capabilities of the solution include: Runs in-line at 100G as well as 10 and 25 G speeds; Finds and stops network attacks and data exfiltration in real-time ; Runs fully automated ; Does not impact customer data performance or service SLAs ; Lowers the cost per protected packet by up to 10x; Lowers the cost per packet watt by up to 10x vs alternatives ; Lower the rack footprint by up to 10x
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PRAX | Hot Stocks07:48 EDT Praxis Precision Medicines sees cash runway into 2024
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PRAX | Hot Stocks07:48 EDT Praxis to prioritize programs in movement disorders, epilepsy - The strategic realignment will result in a reduction of the Company's workforce and future operating expenses. As a result of the realignment, the Company's cash runway will now extend into 2024. The strategic alignment will focus on delivering Phase 2b results for PRAX-944 in essential tremor and proof-of-concept for PRAX-562 in epilepsy and advancing the pre-clinical pipeline.
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BDX | Hot Stocks07:47 EDT Becton Dickinson to acquire Parata Systems for $1.525B - BD and Frazier Healthcare Partners announced a definitive agreement for BD to acquire Parata Systems, a provider of pharmacy automation solutions, for $1.525B. "Parata expands BD's solutions to a new area of the high-growth pharmacy automation space and is a prime example of BD executing our disciplined M&A strategy," said Tom Polen, chairman, chief executive officer and president of BD. "Parata has a highly attractive financial profile and compelling value proposition that meets all of our rigorous investment criteria on growth, profitability and returns. With the addition of Parata, BD further advances our 2025 growth strategy around smart, connected care and enabling new care settings. We look forward to welcoming the talented Parata team to BD." The $1.525B all-cash transaction is expected to close by the end of the first half of BD's fiscal year 2023, subject to the satisfaction of customary closing conditions, including receipt of regulatory clearances. The transaction is consistent with BD's disciplined and balanced capital allocation strategy, including its financial policy framework to manage capital deployment around its 2.5 times net leverage target.
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PRAX | Hot Stocks07:47 EDT Praxis: Aria Study did not achieve statistical significance on primary endpoint - Praxis Precision Medicines announced that the Phase 2/3 Aria Study evaluating the efficacy and safety of PRAX-114 for monotherapy treatment of major depressive disorder did not achieve statistical significance on the primary endpoint of change from baseline in the 17-item Hamilton Depression Rating Scale total score at Day 15, or on any secondary endpoints. Praxis intends to share detailed results in an upcoming medical presentation or publication. "We are surprised and disappointed in the Aria Study results," said Marcio Souza, president and CEO of Praxis. "PRAX-114 was well-tolerated in the Aria Study, yet the effect did not deliver to meet the needs of patients. Praxis is committed to our mission to help people suffering from CNS disorders and will prioritize our programs in movement disorders and epilepsy moving forward. We want to thank all of the patients, investigators and partners who participated in the Aria Study."
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TMDI | Hot Stocks07:45 EDT Titan Medical appoints Bill Fahey as VP, manufacturing and operations - Titan Medical announced the appointment of Bill Fahey as Vice President, Manufacturing and Operations. In this new role, Mr. Fahey will be a key member of the senior leadership team and be responsible for both in-house and contract manufacturing relationships. He will also be working closely with Titan's product development and the quality and regulatory affairs teams as the company completes its Investigational Device Exemption application and, following IDE approval, proceed to human clinical trials. Most recently, he served as Senior Vice President of Engineering at Precision Spine/Spinal USA.
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GOL | Hot Stocks07:45 EDT Gol Linhas reports preliminary traffic figures for May - GOL Linhas Aereas Inteligentes announces preliminary air traffic figures for the month of May 2022, compared to the same period in 2021. Highlights: GOL's total supply increased 124.5%. Total seats increased 125.1% and the number of departures increased by 130.9%. GOL's total demand increased by 97.1% and the load factor was 77.3%. GOL's domestic supply increased 110.0% and demand increased by 82.3%. GOL's domestic load factor was 76.3%. The volume of departures increased by 124.2% and seats increased by 118.7%. GOL's international supply was 200 million, the demand was 181 million and international load factor was 90.6%.
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HLMN | Hot Stocks07:44 EDT Hillman Solutions set to join Russell 3000 Index - Hillman Solutions is set to join the broad-market Russell 3000 Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, 2022, according to a preliminary list of additions posted June 3, 2022.
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QIPT | Hot Stocks07:43 EDT Quipt Home Medical on preliminary list to join Russell Microcap Index - Quipt Home Medical is very pleased to announce it is on a preliminary list dated June 3, 2022 issued by the Russell Microcap Index to join the Russell Microcap Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, 2022.
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DOCRF | Hot Stocks07:43 EDT CloudMD reports results of study on the outcomes of TAiCBT - CloudMD Software & Services is excited to announce the positive results of a comprehensive, evidence-based study on the outcomes of therapist assisted internet-based cognitive behavioural therapy. Since 2020, CloudMD's clinically based TAiCBT provider, MindBeacon, has treated thousands of people with clinically severe levels of depression and co-morbid anxiety. The results of the study released have proved the effectiveness of TAiCBT treatment for depression and anxiety. Depression is a leading cause of disability and absence for all Canadian employers and the leading cause worldwide, impacting 350 million people. In Canada, around 11% of men as well as 16%2 of women will be impacted by the condition throughout their lifetime. Close to half of people who suffer with depression will also experience anxiety in their lifetime, often at the same time. Knowing this, MindBeacon recently completed a study to seek the effectiveness of its depression protocol for those experiencing symptoms of both depression and anxiety, and the relationship between moderating factors, mediating factors and symptom reduction. Highlights: Conducted a comprehensive analysis of two years of data, representing 12,839 people who consented to treatment for symptoms of depression. Treated thousands of people with clinically severe levels of depression, and thousands of people with clinically severe co-morbid anxiety. 77% of clients start treatment with clinical level symptoms of depression; 56% are suffering from clinical levels of both depression and anxiety symptoms. On average, clients start treatment with a depression symptom score in the moderately severe range and finish with a score in the moderate depression range. Initial symptoms, amount of treatment readings and frequency of engagement all contribute to symptom improvement. More than half of clients with clinically severe symptoms experience reliable symptom improvement. This compares very favourably with other forms of treatment and TAiCBT studies and experience in other jurisdictions. Clients with a range of engagement patterns can benefit from TAiCBT, clients who stretch out engagement over 4 or more weeks experience optimal results. This is also consistent with past research showing that increasing engagement increases the number of clients achieving reliable clinical change. The study was based on a comprehensive analysis of two years of data from January 2020 - December 2021. Clinical levels for depression are defined as a score of 10 or more on the PHQ9. On average, clients started treatment with a depression symptom score in the moderately severe range and finished with a score in the moderate depression range. A reduction of 6 points in PHQ9 is considered a reliable change. In summary, nearly half of clients experienced a reliable change in their depression symptoms by the end of treatment. After studying the effectiveness of its TAiCBT, the Company found that more than half of clients who actively engaged with the programs for four weeks or more saw symptom improvement, even if they completed few readings. Initial symptoms, amount of treatment readings and frequency of engagement all contributed to symptom improvement in the end. The effectiveness of the Company's TAiCBT programs showcase the support the program can offer to human resources and operational leaders as they help prevent absenteeism and leave of absence while taking employees forward on their wellness journey. For carriers, the program can help reduce the duration of disability claims, prevent short-term disability, and reduce absences at work due to depression. The TAiCBT platform, with its high degree of client/therapist interaction and personalization to adapt to their individual needs and preferences throughout their treatment journey, is uniquely designed to foster continued client engagement leading to better outcomes. As shown in this study, CloudMD's TAiCBT has proven highly effective treatment for people with clinical levels of depression and comorbid anxiety. Furthermore, CloudMD's time to treatment at less than5 days is 5 times faster than the 25 days Canadians typically wait for community health, or months or more for specialized support. Earlier intervention has also been consistently shown to lead to better outcomes.
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DGX | Hot Stocks07:41 EDT Quest Diagnostics presents results of six studies on diabetes prescription cost - Quest Diagnostics announced that it presented results of six studies at the 82nd American Diabetes Association Scientific Sessions, June 3-7, 2022 in New Orleans, LA. These studies by researchers from Quest Diagnostics include one late breaker and two oral presentations. They provide novel insights into the use of advanced diagnostic technologies, population health management strategies and digital health coaching to improve the diagnosis, treatment, and management of individuals with diabetes. A few of the study results are as follows: Individuals with type 2 diabetes who stayed in a virtual, employer-sponsored diabetes reversal program for at least six months lowered their monthly prescription spending by 18%, to $449 from $547 on average, compared to the 12 months prior to the program, according to late breaker presentation titled "Outcomes of an Employer-Sponsored Virtual Type 2 Diabetes Reversal Program in Working-Age Adults." In a study from researchers at Pack Health, food insecure individuals with type 2 diabetes lowered their hemoglobin A1c levels and scores for diabetes distress and food insecurity within 3 months of entering a health-plan sponsored program that combined digital health coaching with bi-weekly food delivery. The study is titled "Outcomes of a Digital Health Coaching Program Integrating Food Delivery for a Population of Adults with T2DM at Risk of Food Insecurity."
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PTOTF | Hot Stocks07:40 EDT Patriot One Technologies signs C$1M contract with Innovation Solutions Canada - Patriot One Technologies announced it has signed a 24-month, $1 million CAD contract with Innovation Solutions Canada to provide artificial intelligence-based solutions to improve situational awareness for first responders and firefighters. Having previously completed the Phase One proof of concept for the project under Patriot One's subsidiary, Xtract AI, Patriot One has now moved onto Phase Two, which includes creating the technology and innovations as defined in Phase One of the contract. This partnership is part of Canada's "Head Up Hands Free" program, which is aimed at helping firefighters work safer within dangerous environments.
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ABUS VACC | Hot Stocks07:39 EDT Arbutus, Vaccitech dose first patient in Phase 2a trial of AB-729 with VTP-300 - Arbutus Biopharma Corporation (ABUS) and Vaccitech (VACC) announced the first patient dosed in a Phase 2a clinical trial. This trial will evaluate Arbutus' RNAi therapeutic candidate, AB-729, in combination with Vaccitech's T-cell stimulating immunotherapeutic, VTP-300, and standard-of-care nucleos(t)ide reverse transcriptase inhibitor therapy for the treatment of patients with virologically-suppressed chronic HBV infection. The randomized, multi-center, blinded, Phase 2a clinical trial will evaluate the safety, antiviral activity and immunogenicity of VTP-300 administered after AB-729 in virologically-suppressed cHBV patients. The trial is designed to enroll 40 cHBV patients. All patients will receive AB-729 plus NA therapy for 24 weeks. At week 24, treatment with AB-729 will stop. Patients will continue only their NA therapy and will be randomized to receive either VTP-300 or placebo for an additional 24 weeks. At week 48 all participants will be evaluated for eligibility to either discontinue or remain on NA therapy.
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SLG | Hot Stocks07:37 EDT SL Green Realty announces sale of 609 Fifth Avenue for $100.5M - SL Green Realty announced the sale of the vacant office condominium at 609 Fifth Avenue to a domestic investor for a gross sale price of $100.5 million. The transaction is expected to close in June of 2022, subject to customary closing conditions. 609 Fifth Avenue is located in the heart of Manhattan's retail district on the corner of Fifth Avenue and 49th Street. The office condominium benefits from work performed as part of SL Green's repositioning of the entire building, which included a new core and elevators in addition to relocating the office lobby from Fifth Avenue to 49th Street. In May 2020, SL Green sold the retail condominium to an affiliate of the Reuben Brothers for $168.0 million.
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JUSHF | Hot Stocks07:37 EDT Jushi Holdings opens fourth dispensary in Nevada - After acquiring Nevada-based vertically integrated operator NuLeaf, Inc., together with its subsidiaries and affiliated companies, Jushi Holdings announced that it is expanding its retail presence with the opening of its 33rd dispensary nationally and fourth dispensary in the Silver State: NuLeaf Las Vegas The Strip. Following the opening of NuLeaf Las Vegas The Strip, Jushi's operations in Nevada will consist of three adult-use and medical dispensaries in Las Vegas, an adult-use and medical dispensary in Lake Tahoe, and approximately 47,000 sq. ft. of cultivation and manufacturing space.
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RDUS | Hot Stocks07:36 EDT Radius Health urges shareholders to vote for director nominees - Radius Health announced that it has filed its definitive proxy statement with the Securities and Exchange Commission for its upcoming Annual Meeting of Stockholders, which will be held online on July 8, 2022. Stockholders of record as of June 3, 2022, will be entitled to vote at the meeting. In connection with the definitive proxy filing, Radius is mailing a letter to shareholders. The letter read in part, At the Annual Meeting, stockholders will elect three nominees to serve as directors of the Company and represent the interests of all stockholders. Your vote is important, and we ask for your support. This is an important time for the Company. During the first half of 2020, the Company was effectively transformed through internal activism led by the Radius Board of Directors. The Radius Board appointed a new Chairman and Chief Executive Officer. It also added five new, highly qualified directors. Under the refreshed Radius Board and new CEO's leadership, Radius has streamlined business operations, reduced pipeline risk and dramatically improved productivity, as measured by revenue per employee. These and other actions are designed to position Radius to deliver long-term shareholder value in a way that balances risk and reward within the overall context of the biopharmaceutical industry...Radius' Board and leadership team are focused on continuing to 'control what we can control' and move the Company forward. The Radius Board and the executive team have demonstrated across all areas of the Company that improvement and adjustments are a continuous part of our philosophy and operating approach. We do not sit still; we are fixing things when needed and we move forward. Given what we have outlined above and continue to focus on, it is with significant professional conviction that we urge you to vote "FOR" all three of the Company's nominees on the BLUE proxy card TODAY: Catherine J. Friedman, Jean-Pierre Garnier, Ph.D. and Andrew C. von Eschenbach, M.D."
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TBPMF | Hot Stocks07:34 EDT Tetra Bio Pharma opens new subsidiary in Australia - Tetra Bio-Pharma announces the launch of its new wholly owned subsidiary 'Tetra Bio-Pharma Australia Pty Ltd', an Australian-based research company focused on the execution of clinical trials in Australia. This represents Tetra's second foreign subsidiary and is in line with the Company's global expansion strategy for QIXLEEF, and other future drug candidates. "We look forward to working with our strategic partners and building value for our current and future investors. These are very exciting times for us as we continue to drive scientific excellence and deliver on the promise of cannabinoid-derived transformative medicines to improve patient health and quality of life," said CEO Dr. Guy Chamberland.
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ARCT | Hot Stocks07:33 EDT Arcturus Therapeutics says STRATUM Phase 3 trial met primary endpoint - Arcutis Biotherapeutics announced positive topline results from the STRATUM pivotal Phase 3 trial investigating roflumilast foam as a potential treatment for adolescents and adults with moderate to severe seborrheic dermatitis. Roflumilast foam 0.3%, an investigational once-daily topical foam formulation of a highly potent and selective phosphodiesterase type 4 inhibitor being developed to treat inflammatory dermatoses, particularly in hair-bearing areas of the body such as the scalp, demonstrated significant improvements based on IGA Success and other endpoints. The study met the primary endpoint with 80.1% of individuals treated with roflumilast foam achieving 'IGA Success' compared to 59.2% of patients treated with vehicle at week eight. IGA Success was defined as an IGA score of clear or almost clear plus a greater than or equal to2 grade improvement from baseline. Improvement with roflumilast foam was seen early, with roflumilast separating statistically from vehicle on IGA Success at week two. In addition, more than 50% of patients treated with roflumilast foam achieved an IGA score of clear at week eight. Roflumilast foam also demonstrated statistically significant improvements compared to vehicle on key secondary endpoints, including itch, scaling, and redness. Roflumilast foam was well-tolerated. The incidence of Treatment Emergent Adverse Events was low and similar between active treatment and vehicle, with most TEAEs assessed as mild to moderate severity. There were no treatment-related Serious Adverse Events. Overall, the most common adverse events in the study population included COVID-19, urinary tract infection, nasopharyngitis, and nausea. Over 90% of patients who were randomized to roflumilast foam in the study completed the full eight weeks, and there were few discontinuations due to adverse events. Arcutis announced in January 2021 that, based on feedback received from the FDA, the Company believes the single STRATUM study, if positive, would be sufficient basis for an NDA for roflumilast foam in dermatitis. Arcutis plans to submit an NDA in the first half of 2023. If roflumilast foam is approved by the FDA, the Company plans to leverage its existing commercial infrastructure to bring the product to market.
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SKT | Hot Stocks07:32 EDT Tanger Factory trading halted, news pending
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PRAX | Hot Stocks07:32 EDT Praxis Precision Medicines trading halted, news pending
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BIIB | Hot Stocks07:32 EDT Biogen, Alectos enter license, collaboration agreement for AL01811 - Biogen and Alectos Therapeutics have entered into a license and collaboration agreement to develop and commercialize a novel preclinical selective GBA2 inhibitor, AL01811, which has first-in-class potential as an oral disease modifying treatment for patients with Parkinson's disease. This collaboration combines Alectos' expertise in small-molecule therapeutics with Biogen's development capabilities in movement disorders. Increasing evidence suggests that lysosomal dysfunction plays a key role in the pathology of neurodegenerative disease, including PD. Small-molecule GBA2 inhibitors have been shown to reduce lysosomal pH and increase levels of the lysosomal proton pump vATPase, which is involved in maintaining the acidic pH required for lysosomal function. Currently, there are no approved disease modifying therapies for PD, creating significant unmet needs for patients seeking to slow disease progression. If approved, AL01811 has the potential to improve the standard of care for movement disorders such as PD, which affects approximately 10 million patients worldwide. Under the terms of the agreement, Biogen will make an upfront payment of $15 million to Alectos Therapeutics for an exclusive global license to AL01811 and additional unnamed backup molecules. In addition, Alectos is eligible to receive up to $77.5M in potential development payments and $630M in potential commercial payments should the collaboration achieve certain milestones. Alectos is also eligible to receive tiered royalties in the high-single-digits to mid-teens. Moving forward, both companies will collaborate on preclinical activities for AL01811 and, once AL01811 is advanced to the clinic, Biogen will assume sole responsibility for all development, regulatory, manufacturing, and commercial activities and costs.
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AAPL | Hot Stocks07:29 EDT Apple's online store down ahead of WWDC event - Reference Link
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HSDT | Hot Stocks07:24 EDT Helius Medical presents on PoNS Therapy at CMSC Annual Meeting - Helius Medical Technologies announced that a poster detailing the benefits of the Company's Portable Neuromodulation Stimulator Therapy combined with a therapeutic exercise program was presented at the 2022 Consortium of Multiple Sclerosis Centers Annual Meeting held June 1-4, 2022, in National Harbor, Maryland. Study Conclusions: In this analysis of a real-world dataset of patients with MS with generally long duration of disease, translingual neurostimulation combined with a therapeutic exercise program significantly improved gait deficit at Week 2, the earliest evaluated time point, and at every subsequent time point. Gait deficit was assessed by the Functional Gait Assessment scale. Mean improvements in FGA total scores based on observed data were highly statistically significant at all follow-up time points. Mean improvement in FGA at Week 14 of PoNS therapy was 4.75, and the median improvement was 5 points with 58.3% of patients showing an improvement of greater than or equal to4 points, noticeably greater than the minimum detectable change for older adults, stroke patients, and persons with other neurological disease. Analysis of real-world data pooled with the two randomized clinical trials demonstrated, consistent with the RCT data, that PoNS Therapy is safe and effective in improving gait deficit in individuals with mild and moderate symptoms from MS. Mean improvement in the Dynamic Gait Index assessment from baseline to Week 14 was 4.58 for the pooled RWE and RCT analysis including all possible data at all weeks. Over 55% of patients treated with active PoNS therapy experienced greater than or equal to4 point-improvement from baseline in the DGI score.
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GILT | Hot Stocks07:22 EDT Gilat receives over $8M follow-on order for support of LEO constellation - Gilat Satellite Networks announced it received an over $8 million dollar follow-on order for support of gateways of a Low Earth Orbit constellation. Gilat's subsidiary, Wavestream, was chosen as the sole provider to supply Gateway Solid State Power Amplifiers to a leading satellite operator to support the LEO constellation gateways. The order is above and beyond last year's previously announced $50 million contract, which is currently being delivered.
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ASLN | Hot Stocks07:20 EDT Aslan Pharmaceuticals to host third webinar in KOL series - ASLAN Pharmaceuticals announced that it will host the third and final webinar in its series of Key Opinion Leader events on the emerging atopic dermatitis landscape and eblasakimab on Wednesday, June 22, 2022, at 10:00am ET. Dr Peter A Lio, MD, Clinical Assistant Professor of Dermatology and Pediatrics at Northwestern University, will be the third KOL to speak at ASLAN's A4 webinar series: Aspects of Atopic Dermatitis and ASLAN004. The webinar will feature a presentation by Dr Lio on the limitations of the current treatment landscape in AD and the resulting unmet medical needs. Dr Lio will highlight patient journeys to illustrate the potential of novel treatments in patients who do not respond optimally to current standards of care and will discuss comorbidities experienced by patients with Type 2 inflammation. Dr Lio has published over 150 peer-reviewed publications on AD and is a Director of the Board for the National Eczema Association, America's largest non-profit organization for patients with AD. Dr Carl Firth, CEO, ASLAN Pharmaceuticals, will share new insights from recent market research in AD and provide an overview of eblasakimab - a novel, first-in-class monoclonal antibody in phase 2b clinical development for the treatment of moderate-to-severe AD. Eblasakimab targets the IL-13 receptor alpha1 subunit, one of the components of the Type 2 receptor. By blocking the Type 2 receptor, eblasakimab prevents signaling through both interleukin 4 and interleukin 13 - the key drivers of inflammation and itch in AD. The unique mechanism of action has the potential to deliver a differentiated safety and efficacy profile, as well as an improved dosing regimen. A fireside chat will follow Dr Lio's presentation which will focus on how new entrants may be positioned alongside existing therapies to address the unmet needs of AD patients. A live question and answer session will follow the formal presentations.
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IMCR | Hot Stocks07:19 EDT Immunocore presents new data from trials of KIMMTRaK in mCM, mUM - Immunocore Holdings presented updated clinical data from its clinical trials of KIMMTRAK in metastatic cutaneous melanoma and metastatic uveal melanoma at the 2022 American Society of Clinical Oncology Annual Meeting. In a Phase 1b trial of tebentafusp in combination with checkpoint inhibitors in mCM, the maximum target doses of tebentafusp plus durvalumab were well tolerated. In mCM patients who progressed on prior anti-PD(L)1, tebentafusp with durvalumab continues to demonstrate promising overall survival compared to recent benchmarks. Cutaneous and uveal melanoma both overexpress gp100, with greater than 80% of cutaneous melanoma tumor cells expressing gp100 by immunohistochemistry. The pattern of tumor shrinkage and its association with OS observed in mUM are replicated in this mCM study including 37% of patients with any tumor shrinkage of whom 89% lived at least 1-year. 58% of patients with any tumor increase were alive at 1-year, compared to 64% in the Phase 3 study in mUM. These data provide a rationale for a randomized study of tebentafusp monotherapy and in combination with an anti-PD1 in mCM, which the Company plans to start by year end. In an analysis of the Phase 3 trial of tebentafusp, an OS benefit observed for tebentafusp among mUM patients who have initial radiographic progression demonstrates that radiographic assessment underestimates the benefit. In a post-hoc analysis of OS following initial radiographic progression, continued treatment with tebentafusp was associated with numerically longer OS even after adjusting for the difference in key prognostic variables. Tebentafusp treatment beyond progression was tolerated without new safety signals and, in some patients, was associated with radiological stabilization of target lesions for greater than or equal to 4 months following the initial progression. In another post hoc analysis of the Phase 3 trial, the vast majority patients treated with tebentafusp either did not require corticosteroids or only received them on a single day. The most frequent reason for corticosteroid use was an emergent adverse event including CRS and rash. Corticosteroid use following the pre-specified AE guidelines was not associated with any significant impact on efficacy of tebentafusp.
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INAB | Hot Stocks07:17 EDT In8bio announces safety, durability data from Phase 1 trial of INB-200 - IN8bio announced updated safety and durability data from the Phase 1 clinical trial of INB-200 in patients with newly diagnosed glioblastoma multiforme. The data were presented at the 2022 American Society of Clinical Oncology Annual Meeting. INB-200 is a genetically engineered gamma-delta T cell product candidate that is designed to be chemotherapy resistant as part of the company's core Drug Resistant Immunotherapy platform. The Phase 1 trial of INB-200 completed enrollment of the first two cohorts with INB-200 being well tolerated with no dose limiting toxicities, cytokine release syndrome or neurotoxicity to date. O6-methylguanine DNA methyltransferase is a prognostic biomarker used in glioblastoma whereby unmethylated tumors are unresponsive to treatment with chemotherapeutic agents such as temozolomide. INB-200 has shown early, but encouraging, observations of prolonged PFS in patients with both MGMT unmethylated and methylated GBM. Positive immune responses in these patients have been supported by the company's previously reported data demonstrating increased peripheral immune cells following treatment. Additionally, histopathologic observations of dead necrotic tissue and elevated intratumoral gamma-delta T cells have been obtained from re-resection tissue from an unmethylated GBM patient approximately 150 days following treatment with INB-200. This trial is an investigator initiated open-label study being conducted by Dr. Burt Nabors at the O'Neal Comprehensive Cancer Center at the University of Alabama at Birmingham Marnix E. Heersink School of Medicine in collaboration with IN8bio. UAB and IN8bio presented the updated clinical data during a poster presentation at the ASCO Annual Meeting in Chicago on June 5, 2022. As of June 3, 2022, six patients have been dosed with INB-200, three in Cohort 1 and three in Cohort 2 with the one additional patient in cohort 2 still awaiting treatment. There have been no treatment related serious adverse events or dose limiting toxicities observed to date. There have been no cytokine release syndrome, infusion reactions, or immune effector cell-associated neurotoxicity syndrome. Adverse events have generally been tolerable and include grade 1/2 anemia, fevers, headaches, myelosuppression and nausea. Importantly, to date, repeat dosing does not demonstrate a change in toxicity profile. Patients in cohort 1 and 2 each received 1 x 107 DRI gamma-delta T cells intratumorally on Day 1 of a 28-day treatment cycle for a total of 1 and 3 cycles respectively, along with standard of care TMZ. The primary endpoint of this trial is safety; secondary endpoints include progression free and overall survival.
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DNA | Hot Stocks07:17 EDT Ginkgo Bioworks acquires certain assets from Bitome - Ginkgo Bioworks announced that it has acquired certain assets from Bitome, a company pioneering real-time metabolite monitoring for faster biological product development. Bitome has developed technology leveraging machine learning to provide continuous monitoring of cell culture media. Bitome's continuous metabolite monitoring technology can help address this bottleneck, providing essential data on cell performance and potentially accelerating the path to production-ready organisms. Real-time data on the metabolic state of the cells in a bioreactor helps scientists better anticipate which cell lines and process conditions to select for further optimization, which in turn can reduce the number and duration of bioreactor runs that are necessary for a given project. "Ginkgo is constantly looking for opportunities to strengthen its cell engineering platform, and a central component of cell engineering is testing and optimizing strains at scale," said Barry Canton, co-founder and Chief Technology Officer at Ginkgo Bioworks. "Having evaluated Bitome's technology over the past few years, we believe their technology will allow us to accelerate the design and optimization of strains across a range of customers and industries."
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ACET | Hot Stocks07:16 EDT Adicet Bio outlines data from ADI-001 study at ASCO meeting - Adicet Bio announced emerging positive 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 in an oral presentation at the 2022 American Society of Clinical Oncology Annual Meeting on June 6. The presentation outlines a summary of clinical data as of a May 31 data-cut date. "Adicet is a pioneer in the field of gamma delta CAR T cell therapies and it is gratifying to see the highly encouraging clinical data for ADI-001 unfold as a potential best-in-class therapy for NHL," said Chen Schor, President and Chief Executive Officer of Adicet Bio. "Notably, with a favorable safety and tolerability profile, treatment to date with ADI-001 demonstrated an impressive CR rate, including 100% in CAR-T relapsed patients, and very encouraging durability of response. We look forward to discussing the data in more detail and outlining next steps in our webcast this afternoon." "It is impressive to see 50 percent of six-month evaluable patients cancer free beyond seven months. .. "When we look at the totality of these early data, we have an indicator that allogeneic gamma-delta CAR T cell therapy like ADI-001 could be a significant advance." "NHL remains a disease that is very difficult to treat, especially in high-risk patients with aggressive disease. Our study is enrolling patients with aggressive B-cell lymphoma, including patients with double-hit and triple-hit high-grade B cell lymphoma and patients who had a prior relapse to autologous anti-CD19 CAR T therapy," said Francesco Galimi, M.D., Ph.D., Senior Vice President and Chief Medical Officer of Adicet Bio. "We are encouraged by the CRs observed to date in the Phase 1 study and are committed to rapidly advancing ADI-001 into a potential pivotal program."
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NIOBF | Hot Stocks07:16 EDT NioCorp announces metallurgical tests being conducted in Canada - Metallurgical testing being conducted now by NioCorp Developments in Quebec, Canada, is intended to quantify the Company's ability to extract rare earth elements from Elk Creek ore. It is also aimed at testing a carbonation process that can be used to recycle key reagents used in the removal of calcium and magnesium carbonates from the Elk Creek ore ahead of operations that are expected to extract and recover niobium, scandium, titanium, and rare earths once project financing is secured. If proven successful at the demonstration plant scale, these process improvements have the potential to reduce projected Project operating costs and capital expenditures as compared to estimates in the Project's May 2022 feasibility study, as well as to lower the Project's anticipated production of greenhouse gas emissions as compared to projections in the May 2022 feasibility study. These process improvements also could allow the Company to produce calcium and magnesium materials at purity levels that may be sold as commercial products; however, further analysis and testing is required to determine whether there are reasonable prospects for economic extraction for calcium and magnesium before they could be included in the Elk Creek Mineral Resource
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ODFL | Hot Stocks07:15 EDT Old Dominion reports May revenue per day up 26% - Old Dominion reported certain less-than-truckload, or LTL, operating metrics for May . Revenue per day increased 26% as compared to May 2021 due to a 2.3% increase in LTL tons per day and an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 2.8% increase in LTL shipments per day that was partially offset by a 0.6% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 22.4% and 9.6%, respectively, as compared to the same period last year.
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PYPD | Hot Stocks07:15 EDT PolyPid announces presentation of D-PLEX 100 Phase 2 clinical data - PolyPid announced that data from a previously completed Phase 2 clinical trial of D-PLEX100 will be highlighted in a presentation at the upcoming American Microbiology Society Microbe 2022, being held on June 9-13, 2022, in Washington, D.C. The abstract, 'Incisional microenvironments and reduction in SSIs in patients treated with a local doxycycline-eluting formulation,' evaluates the effect of D-PLEX100 in combination with surgical site infection standard of care prophylaxis regimen in elective colorectal surgery. The data will be presented by Judith Steenbergen, Ph.D., President of Scientific and Medical Affairs Consulting.
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RYI | Hot Stocks07:14 EDT Ryerson holds groundbreaking ceremony for new Central Steel & Wire facility - Ryerson Holding held a groundbreaking ceremony on June 1 for its new 900,000-square-foot state-of-the-art facility - a service center facility and headquarters for its wholly-owned subsidiary, Central Steel & Wire. Located in University Park, IL, the new facility will provide over 300 jobs and will feature expanded bar and tube processing equipment. The facility is expected to be operational by the middle of 2023.
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AXSM | Hot Stocks07:14 EDT Axsome Therapeutics announces results of SUPPORT survey of MDD patients - Axsome Therapeutics announced the results of the SUPPORT survey of 385 patients with depression, demonstrating persistence of high levels of depressive symptoms despite treatment, substantial interference with work and daily life, low levels of patient hope, and high levels of patient dissatisfaction with current treatments. The SUPPORT survey assessed treatment experiences and expectations in patients taking antidepressants for major depressive disorder. The web-based survey was developed in collaboration with the Depression and Bipolar Support Alliance and the DBSA Peer Council; Roger McIntyre, MD, Professor of Psychiatry and Pharmacology, University of Toronto, Canada and Chair of the DBSA Scientific Advisory Board; and Greg Mattingly, MD, Associate Clinical Professor of Psychiatry at Washington University and President of the Midwest Research Group. The SUPPORT results were presented on June 1, 2022 at the American Society of Clinical Psychopharmacology 2022 Annual Meeting, held in Scottsdale, Arizona and virtually. Patients surveyed continued to experience substantial levels of depression despite being on a current antidepressant, and reported high levels of dissatisfaction with currently available treatments. Despite 85% of survey participants being currently on an antidepressant, 68% were still experiencing moderate, severe, or very severe depressive symptoms. Nearly three quarters of respondents reported they were not completely satisfied with how their current MDD treatment relieves their symptoms of depression. Nearly half reported that at least one of the side effects with their current treatment was at least somewhat bothersome. Of the survey population, 82% agreed that people with depression deserve to receive better medications than what is currently available. Patients surveyed reported substantial interference with work and daily life productivity, and exhibited low levels of hope about current and future treatments for depression. Overall, 52% reported having difficulty with work or daily life productivity as a result of depression. More than half of surveyed patients do not believe that it is possible for their depression to be in remission.
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WAB CNI | Hot Stocks07:13 EDT Wabtec launches Precision Dispatch System with order from Canadian National - Wabtec (WAB) launched its new Precision Dispatch System with an order from Canadian National (CNI), or CN. The Precision Dispatch deal marks a step toward network automation for CN and the entire rail industry. Wabtec's Precision Dispatch System is designed to move trains safely and efficiently across the rail network in both signaled and dark territory, as well as provide full visibility of network conditions and monitor all devices in the network. Precision Dispatch analyzes data coming from all rolling stock and wayside device assets and Positive Train Control. With this information, the system provides advanced automation through end-to-end electronic delivery of mandatory directives and automatic implementation of authorities in dark territory. Wabtec expects its Precision Dispatch System to be operational at CN in late 2023. After a phased rollout, there will be a total of 37 desks in CN's control center utilizing this advanced software. This deal marks an important milestone in Wabtec's strategy to optimize today's rail network, further streamline dispatch execution, and improve safety and service delivery.
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CSIQ | Hot Stocks07:12 EDT Canadian Solar sells to SPIC Brasil 70% stake in 738 MWp solar projects - Canadian Solar announced it signed an agreement with SPIC Brasil, a power generation company in Brazil, to sell 70% stake in the Company's 738 MWp solar projects, Marangatu and Panati-Sitia. The Marangatu and Panati-Sitia projects, 446 MWp and 292 MWp each in size, are located in Piaui and Ceara, the Northeastern states of Brazil, covering an area of 2,200 hectares. Both projects are at advanced stage of development and are expected to begin construction in late 2022 and reach commercial operation in late 2023. Once in operation, Marangatu and Panati-Sitia are expected to be two of the largest solar power plants in Brazil and the clean electricity generated will be equivalent to powering over 900,000 households in Brazil annually. Dr. Shawn Qu, Canadian Solar Chairman and CEO, commented, "We are pleased to partner with SPIC Brasil in this transaction for the Marangatu and Panati-Sitia projects, which will meaningfully contribute towards Brazil's goal of obtaining 23% of its energy from non-hydro renewable energy sources by 2030. With the completion of this sale, Canadian Solar will have successfully monetized 2.3 GWp of utility-scale solar projects in Brazil. We will continue to execute and monetize our remaining backlog of 1.6 GWp of high-quality, contracted solar projects in Brazil. Canadian Solar is a leader in the Brazilian market, and we will expand our leadership across more Latin American markets, including Colombia and Chile".
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AIH | Hot Stocks07:12 EDT Aesthetic Medical receives Nasdaq notice of non-compliance - Aesthetic Medical International Holdings Group announced that on June 2, 2022 it received a notice from the Nasdaq Stock Market stating that as reported in the Company's annual report on Form 20-F for the year ending December 31, 2021, the Company is no longer in compliance with the $10 million minimum stockholders' equity requirement for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(1)(A). This notification has no immediate effect on the Company's listing or on the trading of the Company's ADSs. As provided in the Nasdaq Listing Rules, the Company has 45 calendar days to submit a plan to regain compliance with Nasdaq's continued listing requirements. If such plan is accepted, which there can be no assurance, Nasdaq may grant the Company up to 180 days from June 2, 2021 to evidence compliance. If Nasdaq determines that the Company's plan is not sufficient to achieve and sustain compliance, it will provide written notice to the Company that its securities will be subject to delisting. At that time, the Company may appeal the delisting determination to a Nasdaq Hearings Panel. The Company would remain listed pending the Panel's decision. The Company intends to submit a plan to regain compliance to Nasdaq on or before July 15, 2022. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a delisting notification.
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RNLX | Hot Stocks07:11 EDT Renalytix: KidneyIntelX risk-stratified adult patients with type 2 diabetes - Renalytix announced that KidneyIntelX risk-stratified adult patients with type 2 diabetes and early-stage chronic kidney disease for key clinical outcomes, including heart failure hospitalizations and death. Individuals with diabetic kidney disease are not only at risk of kidney disease progression, but also face an increased risk of heart failure and death, due to the significant interconnection of the cardiovascular, renal, and metabolic systems. This data builds on KidneyIntelX clinically validated performance in assessing the risk for rapid progressive decline in kidney function in adult patients with DKD and was presented in an oral presentation on June 3rd at the American Diabetes Association 82nd Scientific Sessions(R) in New Orleans. The study was conducted using a subgroup analysis of KidneyIntelX in the multi-national CANagliflozin cardioVascular Assessment Study. In the CANVAS study, the team of investigators assessed the ability for KidneyIntelX to risk-stratify adult patients with DKD for their risk of clinically meaningful endpoints. Application of KidneyIntelX to this population showed that those with high-risk KidneyIntelX scores were at a three-fold higher risk for hospitalization for heart failure, severe kidney disease progression or death. Moreover, those individuals who scored as high-risk in this study were most likely to benefit from treatment with canagliflozin vs. placebo.
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HAS | Hot Stocks07:10 EDT Hasbro writes letter in support of board nominees - Hasbro issued the following letter to Hasbro shareholders in connection with the Company's 2022 annual meeting of shareholders to be held on June 8. "As we enter the week of Hasbro's Annual Meeting of Shareholders, taking place this Wednesday, June 8, 2022, we ask you to vote the WHITE proxy card and "FOR ALL" the nominees proposed by the Hasbro Board. We encourage shareholders NOT to sign, return or vote any gold proxy card sent to you by Alta Fox. We thank all of our shareholders who have spoken with us and shared their perspectives over these last several months. Your input is very important to us and we believe ongoing dialogue and engagement will be paramount to our sustained success. We believe the entire Hasbro Board, through its significant refreshment over the past few years, has the right balance of skill sets, experience and fresh perspectives to guide our new CEO, Chris Cocks, and our management team in executing our long-term strategy for the benefit of ALL shareholders. Our Board possesses strong qualifications and expertise in the matters key to Hasbro's success - digital gaming, media and content, consumer products, entertainment, marketing, corporate finance, capital allocation and ESG - all of which directly enable robust oversight of our world class portfolio of assets across multiple play and entertainment categories."
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BLCO | Hot Stocks07:10 EDT Bausch + Lomb announces seven presentations on Biotrue products - Bausch + Lomb announced that seven presentations will feature unique research on new Biotrue Hydration Plus Multi-Purpose Solution and Biotrue Hydration Boost lubricant eye drops during the American Optometric Association's Optometry's Meeting ePosters Virtual Event, which is taking place from June 7-8, 2022. "At this year's Optometry's meeting, we look forward to sharing six research presentations on our new Biotrue Hydration Plus Multi-Purpose Solution, which is now widely available in the United States. The various presentations will highlight the unique properties of the product, including its use of hyaluronan, a moisturizer found naturally in tears, as well as clinical and antimicrobial efficacy data," said Joe Gordon, president, Global Consumer, Surgical and Vision Care, Bausch + Lomb. "We also look forward to sharing research from an evaluation of the use of Biotrue Hydration Boost eye drops with a growing consumer segment, digital gamers, and hosting attendees at many of our sponsored education events."
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JBLU... | Hot Stocks07:10 EDT JetBlue improves offer to acquire Spirit Airlines - JetBlue (JBLU) announced that it has submitted an improved proposal to the board of directors of Spirit (SAVE) to acquire all of the outstanding common stock of Spirit. JetBlue's proposal is a further update to its previous proposals, and offers more regulatory protections, and the prepayment of a portion of cash consideration. JetBlue would provide a $350M reverse break-up fee, payable to Spirit in the event the transaction is not consummated for antitrust reasons. This represents an increase of $150M, or $1.37 per Spirit share, to the reverse break-up fee JetBlue has previously offered to pay, and is $100M greater than the amount being offer by Frontier (ULCC). JetBlue would prepay $1.50 per share in cash of the reverse break-up fee, structured as a cash dividend to Spirit stockholders promptly following the Spirit stockholder vote approving the combination between Spirit and JetBlue. JetBlue's proposal offers Spirit stockholders aggregate consideration of $31.50 per share in cash, comprised of $30 per share in cash at the closing of the transaction and the prepayment of $1.50 per share of the reverse break-up fee. JetBlue has sent a letter to the board of directors of Spirit containing its improved proposal. In the letter, JetBlue CEO Robin Hayes states: "Combining JetBlue and Spirit would create a true national competitor to the dominant legacy carriers, delivering low fares and a great experience for more customers, more opportunities and good paying jobs for crew members, and more value for stockholders. The key features of our Improved Proposal - the up-front cash payment and increased reverse break-up fee - reflect the seriousness of our commitment and underscore our confidence in completing this transaction. Additionally, given the similar regulatory risks of the two transactions and the increased reverse break-up fee we are prepared to provide, we believe our Improved Proposal remains a Superior Proposal by any measure."
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ALTR | Hot Stocks07:09 EDT Altair Engineering announces acquisition of Gen3D - Altair acquired Gen3D, a startup out of the University of Bath, U.K. Gen3D is a pioneer implementing the implicit geometry method for describing highly complex geometries such as lattice structures in additive manufacturing, AM. Gen3D's technology uses next-generation implicit modeling techniques to rapidly create complex geometry not practical with traditional boundary representation solid approaches. "In addition to a powerful technology that helps organizations navigate the challenges of design for additive manufacturing, the Gen3D team brings deep industry knowledge and experience in advanced additive design techniques such as generative design, topology optimization, and lattice structure generation," said James Scapa, founder and chief executive officer, Altair. The technology will be integrated into Altair Inspire.
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DLR | Hot Stocks07:08 EDT Digital Realty appoints Mary Hogan Preusse as chairman of board - Digital Realty announced that its Board of Directors has appointed Mary Hogan Preusse as Chairman of the Board, succeeding Laurence Chapman, who will continue to serve on the Board of Directors. Hogan Preusse's appointment will be effective as of the next scheduled Board meeting in August 2022 and follows her appointment to the Board in April 2017.
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XRTX | Hot Stocks07:07 EDT Xortx Therapeutics appoints Anthony Giovinazzo as board chair - XORTX Therapeutics is pleased to welcome and appoint Mr. Anthony Giovinazzo to the Board of Directors and as Chair of the Board. He was most recently, the co-inventor, CEO and Director of Cynapsus Therapeutics.
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VSTM | Hot Stocks07:07 EDT Verastem: VS-6766 +/- defactinib interim analysis supports continued evaluation - Verastem Oncology announced an update from an interim analysis of its international Phase 2 RAMP 201 trial evaluating VS-6766 +/- defactinib in recurrent low-grade serous ovarian cancer LGSOC, regardless of KRAS status. Verastem recently completed a planned interim analysis of its RAMP 201 trial with the goal of selecting a go forward treatment regimen of either VS-6766 monotherapy or VS-6766 in combination with defactinib. The analysis indicated encouraging efficacy results with confirmed responses by independent review in patients treated with VS-6766 monotherapy and patients treated with VS-6766 in combination with defactinib. The findings also include confirmed responses by independent review in both KRAS mutant and KRAS wild-type LGSOC. To date, there have been no additional safety signals with a continued favorable safety profile in both the monotherapy and combination treatment arms with approximately 6% of patients discontinuing due to adverse events. With a substantial majority of patients remaining on study treatment with a median duration of follow-up of four months, the Company has concluded that the data from the interim analysis are not mature enough to make a final decision on the go forward treatment regimen at this time and the trial will continue with all four cohorts. "We are encouraged by the positive anti-tumor activity that we have seen to date in the RAMP 201 trial in patients with both KRAS mutant and KRAS wild-type tumors. We look forward to evaluating a more mature data set and expect to provide an update on progress once the go forward treatment regimen has been determined," said Brian Stuglik, Chief Executive Officer, Verastem Oncology. "This interim analysis adds to our optimism about the potential for VS-6766 with or without defactinib and our commitment to advancing the first new treatment specifically developed and approved for women with low-grade serous ovarian cancer where a high medical need remains." The Company plans to complete enrollment of all four cohorts of the trial in the second half of this year. Each cohort is expected to have approximately 36 patients for a total of 144 patients.
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SAIC | Hot Stocks07:07 EDT SAIC increases stock repurchase authorization - SAIC announced that its board of directors has authorized an increase to its existing stock repurchase authorization of the company's common stock under an existing stock repurchase program. The current authorization increases the repurchase program by 8M shares in order to make available for repurchase an aggregate of approximately 8.8M shares.
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DSGX | Hot Stocks07:06 EDT Descartes Systems acquires XPS Technologies for upfront consideration of $65M - Descartes Systems Group announced that it has acquired XPS Technologies. XPS provides its cloud-based multi-carrier parcel shipping solutions directly to small-, medium- and large-sized ecommerce shippers. It also provides a white-label shipping platform to logistics services providers. The XPS platform helps customers streamline their ecommerce supply chain and reduce transportation costs by automatically importing orders, comparing carrier rates, printing shipping labels for all major carriers, and tracking through final delivery. The XPS platform is even more powerful with its integrations to leading ecommerce marketplaces, ERP providers and supply chain platforms. XPS is headquartered in Utah. Descartes acquired XPS for up-front consideration of approximately $65.0 million satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $75.0 million, based on XPS achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2024 and fiscal 2025.
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TKR GE | Hot Stocks07:06 EDT Timken providing bearings for GE's Haliade-X - The Timken Company (TKR) announced that it is designing and supplying main shaft bearings for GE Renewable Energy's (GE) Haliade-X, an offshore wind turbine. Each Haliade-X turbine will have a capacity of up to 14 MW and be able to generate up to 74 GWh of clean energy a year. Initial Haliade-X installations are scheduled to begin in 2023.
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BCRX | Hot Stocks07:05 EDT BioCryst announces Health Canada authorization of ORLADEYO - BioCryst Pharmaceuticals announced that Health Canada has approved oral, once-daily ORLADEYO for the routine prevention of recurrent hereditary angioedema attacks in patients 12 years and older. ORLADEYO was safe and well tolerated in clinical trials. The most frequently reported adverse reactions in patients receiving ORLADEYO compared with placebo were gastrointestinal reactions. These reactions generally occurred early after initiation of treatment with ORLADEYO, became less frequent with time and typically self-resolved.
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BMY | Hot Stocks07:03 EDT Bristol-Myers reports three-year data from Phase 3 CheckMate -9LA trial - Bristol Myers Squibb announced three-year follow-up results from the Phase 3 CheckMate -9LA trial demonstrating durable survival benefits with Opdivo plus Yervoy with two cycles of chemotherapy compared to four cycles of chemotherapy in previously untreated patients with metastatic non-small cell lung cancer. With a minimum follow-up of three years, the dual immunotherapy-based combination continued to show sustained improvement in overall survival, the trial's primary endpoint, with 27% of patients treated with Opdivo plus Yervoy with two cycles of chemotherapy alive compared to 19% of patients treated with chemotherapy alone at three years. The long-term, durable clinical benefit of Opdivo plus Yervoy with two cycles of chemotherapy was observed at three years across patient populations that typically have a poor prognosis, including patients with PD-L1 expression less than1% and squamous histology. PD-L1 less than1%: Among patients with tumor PD-L1 expression less than1%, the OS rate was 25% for those treated with the dual immunotherapy-based combination vs. 15% for chemotherapy alone. Squamous histology: Among those with squamous histology, the OS rate was 24% for patients who received Opdivo plus Yervoy with chemotherapy, compared to 11% for those who received chemotherapy alone. In an exploratory analysis, a positive trend for OS benefit was also observed with Opdivo plus Yervoy with chemotherapy among patients with certain tumor mutations, such as STK11. No new safety signals were observed with Opdivo plus Yervoy with two cycles of chemotherapy with extended follow-up in the CheckMate -9LA trial. These data will be featured in a late-breaking poster presentation at the 2022 American Society of Clinical Oncology Annual Meeting on June 6, 2022, from 9:00 a.m. to 12:00 p.m. EDT. Opdivo plus Yervoy-based combinations have shown significant improvements in OS in six Phase 3 clinical trials in five tumors to date: metastatic NSCLC, metastatic melanoma, advanced renal cell carcinoma, malignant pleural mesothelioma and esophageal squamous cell carcinoma.
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NGD | Hot Stocks07:03 EDT New Gold publishes 2021 Sustainability Report - New Gold announces the publication of its 2021 Sustainability Report. New Gold has published an annual Sustainability Report since 2015, reporting on safety, environmental, economic, and social topics. 2021 Highlights: Completed a TCFD gap and readiness assessment to support the development of a climate action strategy with a target of a 30% reduction in Scope 1 and Scope 2 GHG emissions by 2030; Signed a new Cooperation Agreement with the Tk'emlups te Secwepemc and the Skeetchestn Indian Band; Expanded the total number of active Fire and Mine Rescue Team members in 2021 at New Afton; Increased total Indigenous procurement spend at Rainy River and New Afton by approximately 35% to $179 million; Achieved compliance with Mining Association of Canada and Canadian Dam Association for all tailings management plans; Continued to operate under the company-wide Pandemic Response and Business Plan.
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BMY | Hot Stocks07:02 EDT Bristol-Myers reports five-year data from Phase 3 CheckMate -227 trial - Bristol Myers Squibb announced five-year results from Part 1 of the Phase 3 CheckMate -227 trial, which continues to demonstrate long-term, durable survival benefits of first-line treatment with Opdivo plus Yervoy compared to chemotherapy in patients with metastatic non-small cell lung cancer, regardless of PD-L1 expression levels. With a minimum follow-up of over five years, the longest reported for an immunotherapy combination in mNSCLC: In the primary endpoint population of patients with tumor PD-L1 expression greater than or equal to1%, the five-year survival rate for Opdivo plus Yervoy was 24%, compared to 14% for chemotherapy. In an exploratory analysis of patients with PD-L1 expression less than1%, almost three times as many patients treated with Opdivo plus Yervoy were alive at five years compared to those treated with chemotherapy. Among those who responded to treatment, more patients who received Opdivo plus Yervoy remained in response vs. chemotherapy at five years in both the PD-L1 greater than or equal to1% and less than1% subgroups. Among patients treated with Opdivo plus Yervoy who were alive at five years, approximately two-thirds did not receive any subsequent therapy for more than three years after stopping treatment. The safety profile for the dual immunotherapy combination remained consistent with previously reported data from this trial and was manageable with established protocols, with no new safety signals identified. These data will be featured in a late-breaking poster presentation at the 2022 American Society of Clinical Oncology Annual Meeting on June 6, 2022, from 9:00 a.m. to 12:00 p.m. EDT. Opdivo plus Yervoy-based combinations have shown significant improvements in OS in six Phase 3 clinical trials in five tumors to date: metastatic NSCLC, metastatic melanoma, advanced renal cell carcinoma, malignant pleural mesothelioma and esophageal squamous cell carcinoma.
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H | Hot Stocks06:57 EDT Hyatt reports May comparable system-wide RevPAR $127 - In conjunction with the start of the NYU International Hospitality Industry Investment Conference, Hyatt Hotels Corporation is pleased to share an update on operating results for May, summer travel booking trends, and confirmation of the closing of previously announced asset dispositions. Comparable system-wide RevPAR in May was approximately $127, representing the strongest RevPAR performance in any individual month since November of 2019. System-wide RevPAR in May was approximately 6% below May of 2019 or approximately 3% above May of 2019 when excluding Asia Pacific. Comparable system-wide RevPAR in May improved 2% as compared to April driven by improved occupancy, primarily in urban markets. The average daily rate in May was approximately 8% above May of 2019 led by luxury brands in the Americas, which exceeded 2019 by approximately 24%. Leisure transient revenue remained at record levels, up 18% in May compared to May of 2019, bolstered by a strong performance over Memorial Day weekend where RevPAR in the Americas was approximately 24% above Memorial Day weekend of 2019. Business transient and group revenue also continued to strengthen in May, growing by 23% and 11%, respectively, from April. In May, business transient revenue was 35% below May of 2019 and group revenue was 12% below May of 2019. The strength of Memorial Day weekend and favorable forward booking trends indicate a robust summer travel season ahead. System-wide comparable transient revenue on the books for the months of June through August is pacing 5% ahead of the same time in 2019 or 15% ahead when excluding Asia Pacific. Additionally, short-term demand for group business continues to trend significantly ahead of 2019 levels. Gross group room revenue booked in May for stay dates in 2022 for comparable Americas full service managed properties was 46% above May of 2019 and group pace for the remainder of the year, from June through December, has improved from April and is approximately 9% below 2019 levels. The all-inclusive portfolio also continues to experience strong results. Based on preliminary results, net package RevPAR in May, for Apple Leisure Group resorts in the Americas, is expected to be approximately 17% to 20% higher in comparison with the same properties managed by ALG in May of 2019. Additionally, gross package revenue for ALG resorts in the Americas is pacing more than 30% above 2019 levels over the months of June through August for the same set of properties. The Company has closed on all four previously announced asset dispositions resulting in gross proceeds of $812 million, or over 40% of its current $2.0 billion disposition target, reflecting an aggregate multiple of 15.7x 2019 EBITDA, and entered into a long-term management agreement for each of the properties upon sale. The previously announced dispositions include Hyatt Regency Indian Wells Resort & Spa, Grand Hyatt San Antonio River Walk, The Driskill in Austin, Texas and The Confidante Miami Beach. Additionally, the Company is currently marketing two additional owned hotels for sale.
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ACM | Hot Stocks06:56 EDT Aecom awarded contract by Government of Canada for Faro Mine remediation - AECOM announced it has been awarded a contract by Public Services and Procurement Canada on behalf of Crown-Indigenous Relations and Northern Affairs Canada to perform remediation plan design and quality assurance support services for the Faro Mine Remediation Project. In this role, AECOM will work with the Government of Canada, affected First Nations, and additional consultants and partners to deliver environmental remediation services for Faro Mine, one of the most complex abandoned mine clean-up projects in Canada. AECOM's contract will run through March 2024 with possible extensions.
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DDL | Hot Stocks06:55 EDT Citic Securities reports 5.0% passive stake in Dingdong - Citic Securities disclosed a 5.0% stake in Dingdong, which represents over 12.1M shares. The filing does not allow for activism. Shares of Dingdong are up 7.9% at $4.80 in pre-market trading.
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DIDI | Hot Stocks06:49 EDT Didi jumps 52% to $2.82 after report that China regulators will complete probe
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KULR | Hot Stocks06:48 EDT KULR Technology to join Russell Microcap Index - KULR Technology Group is set to join the Russell Microcap Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, according to a preliminary list of additions posted June 3.
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VERU | Hot Stocks06:39 EDT Veru presents final results from Phase 1b/2 study of sabizabulin - Veru announced that the final results from the Phase 1b/2 clinical study of sabizabulin, a novel oral cytoskeleton disruptor, in 80 men with metastatic castration resistant prostate cancer that progressed after receiving at least one androgen receptor targeting agent was presented at a poster session during the 2022 American Society of Clinical Oncology Annual Meeting which is being held June 3-7, 2022. Highlights of final results from the Phase 1b/2 clinical study are as follows: Safety- Sabizabulin 63mg oral daily dosing was well tolerated with no clinically significant reports of neurotoxicity or neutropenia. Efficacy- Sabizabulin administration resulted in both cytotoxic and cytostatic anticancer activity with PSA declines and objective and durable tumor responses. For patients with measurable disease, the objective response rate was 20.7%, and for all patients who received at least the 63mg dose, the median radiographic progression free survival was 11.4 months. Furthermore, the full study has been published online ahead of print: Mark Markowski et al. A Phase Ib/II study of sabizabulin, a novel oral cytoskeleton disruptor, in men with metastatic castration resistant prostate cancer with progression on an androgen receptor targeting agent. Clinical Cancer Research 2022. The Phase 3 VERACITY clinical study of men with metastatic castration resistant prostate cancer that has progressed on at least one androgen receptor targeting agent compared with the active control is enrolling with the anticipated completion of enrollment at the end of calendar 2022.
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ICPT | Hot Stocks06:38 EDT Intercept announces FDA pre-submission meeting for NASH NDA moved to July - Intercept Pharmaceuticals announced an update on the timing of its pre-submission meeting with the U.S. Food and Drug Administration regarding the potential resubmission of its nonalcoholic steatohepatitis New Drug Application based on an interim analysis of the REGENERATE trial in patients with fibrosis due to NASH. The pre-submission meeting, previously scheduled in June, has been moved to July following a recent request from the FDA that topline data from REGENERATE be provided to the agency for its review prior to the meeting. Intercept anticipates that topline data from REGENERATE will be available and made public in July.
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YMTX JNJ | Hot Stocks06:37 EDT Yumanity to sell YTX-7739 to Janssen for $26M, merge with Kineta - Yumanity Therapeutics announced it has entered into definitive agreements for two strategic transactions. The first definitive agreement is an asset purchase agreement for the sale of Yumanity's lead clinical-stage product candidate, YTX-7739, as well as Yumanity's unpartnered discovery-stage neuroscience product candidates and targets to Janssen Pharmaceutical, part of the Janssen Pharmaceutical Companies of Johnson & Johnson, for $26 million in cash. In connection with the closing of the proposed transaction, Yumanity plans to distribute any remaining available cash proceeds from the sale to Yumanity stockholders via a one-time dividend, net of any amounts retained for outstanding obligations and net cash requirements associated with the proposed merger between Yumanity and Kineta. The amount of such dividend will depend on many factors and will not be determined until closer to the closing date. Under the second definitive agreement, Kineta will become a wholly-owned subsidiary of Yumanity in an all-stock transaction, resulting in a combined publicly traded company re-named Kineta, Inc., that will focus on immuno-oncology and continue Yumanity's ongoing research collaboration with Merck & Co. in amyotrophic lateral sclerosis and frontotemporal lobar dementia. Upon completion of the proposed merger, on a pro forma basis and based upon the number of Yumanity shares to be issued in the proposed merger, current Kineta stockholders are expected to own approximately 85% of the combined company and current Yumanity stockholders are expected to own approximately 15% of the combined company. The actual allocation will be subject to adjustment based on each company's outstanding equity ownership and Yumanity's net cash balance at the time of the closing of the proposed merger. The combined company expects to raise a concurrent private investment in public equity led by Growth & Value Development Inc. Kineta's IND-ready, lead asset is KVA12.1, a potential best-in-class VISTA blocking immunotherapy to address the problem of immunosuppression in the tumor microenvironment. It is a fully human engineered IgG1 monoclonal antibody that was designed to bind to VISTA through a unique epitope. KVA12.1 may be an effective immunotherapy for many types of cancer including NSCLC, colorectal, renal cell carcinoma, head and neck, and ovarian. These initial target indications represent a significant unmet medical need with a large worldwide commercial opportunity for KVA12.1. Kineta is also developing fully human antibodies that target CD27 and CD24. These immunotherapies are engineered to address the problems of exhausted T cells and immunologically silent tumors. The Yumanity Board of Directors has unanimously approved both definitive agreements. The Kineta Board of Directors has unanimously approved the definitive merger agreement with Yumanity. The two transactions are expected to close in the second half of 2022, subject to customary closing conditions, including approval of both transactions by the stockholders of Yumanity. Janssen will acquire Yumanity's lead clinical-stage product candidate, YTX-7739, as well as Yumanity's unpartnered research and discovery-stage product candidates and targets for $26 million in cash. In connection with the closing of the proposed transaction, Yumanity plans to distribute any remaining available cash proceeds from the sale to Yumanity stockholders via a one-time dividend, net of any amounts retained for outstanding obligations and net cash requirements associated with the proposed merger between Yumanity and Kineta. The amount of such dividend will depend on many factors and will not be determined until closer to the closing date. Upon completion of the proposed merger, on a pro forma basis and based upon the number of Yumanity shares to be issued in the proposed merger, current Kineta stockholders are expected to own approximately 85% of the combined company and current Yumanity stockholders are expected to own approximately 15% of the combined company. The actual allocation will be subject to adjustment based on each company's outstanding equity ownership and Yumanity's net cash balance at the time of the closing of the proposed merger. In support of the proposed merger, the combined company is expected to close the PIPE financing concurrently with the completion of the merger. Together with the cash expected from both companies at closing, the net proceeds of the proposed merger and the PIPE financing are expected to fund the further development of Kineta's immuno-oncology portfolio. Upon closing of the proposed transaction, Yumanity Therapeutics, Inc. will be renamed Kineta, Inc., and will be headquartered in Seattle, Washington. Shawn Iadonato, Ph.D. will serve as Chief Executive Officer and Craig Philips will serve as President of the combined company. The merger agreement provides that the Board of Directors of the combined company will comprise six members, three designated by Kineta and two designated by the current Yumanity board, in addition to the combined company's Chief Executive Officer.
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NFGC | Hot Stocks06:33 EDT New Found Gold reports assay results from drilling at Keats Zone - New Found Gold is pleased to announce assay results from 39 diamond drill holes designed to further delineate and expand the network of high-grade gold veins and associated structures at the Keats Zone. These holes were drilled as part of the Company's ongoing 400,000m diamond drill program targeting +20km of prospective strike along the regional-scale Appleton and JBP fault zones at its 100% owned ~1500km Queensway project, accessible via the Trans-Canada Highway ~15km west of Gander, Newfoundland. A gap in the drilling at the north end of the Keats Main Zone in a structurally complex portion of the near surface extents of the Keats-Baseline Fault Zone was recently tested with NFGC-22-593 which returned 9.12 g/t Au over 8.20m and 42.6 g/t Au over 11.75m, beginning at 8.8m down hole. This intercept extends the high-grade gold mineralization to surface in this area and indicates that there is a wide domain of high-grade gold veining immediately below the overburden; current modelling suggests that this thickened segment is approximately 125m in strike length and 35m wide. 55.1 g/t Au over 5.10m in NFGC-21-448, 56.3 g/t Au over 2.05m in NFGC-21-364A, 9.0 g/t Au over 5.65m in NFGC-21-388, 10.9 g/t Au over 2.35m in NFGC-21-466 and 10.1 g/t Au over 2.20 in NFGC-22-486 are all intersections in the Keats Main Zone which to date has been defined over 845m down plunge and intersected at a vertical depth of 375m. The Keats Main Zone consists of a network of veins that is associated with the KBFZ which generally strikes N55 degrees E and dips ~60 degrees to the southeast. Targeting the 421 Zone at the south end of Keats, NFGC-22-486 intersected 11.2 g/t over 2.10m at ~30m below surface. This high-grade gold mineralization is associated with an extensive moderately southwest dipping brittle fault zone that appears to play a role in localizing gold. The extents of this target area are not well constrained and this fault zone area and its projected intersections with the AFZ and KBFZ are high priorities for the current drilling. Melissa Render, VP Exploration for New Found, stated: "Drilling continues to advance our understanding of the geometries and potential projections of the high-grade gold veins and faults that comprise the Keats. Our team is working tirelessly to keep the drills focused on expanding the zones discovered to date and concurrently building our understanding of the controls on the high-grade gold mineralization to allow continued optimization of targeting. Six drills are operating in and around Keats, with three working to tackle mineralization correlated to the main plunge and to depth, while an additional three drills are working at Keats North to follow-up on the recent near surface discoveries such as the 275 g/t Au over 2.15m in NFGC-22-538 and 43.9 g/t Au over 3.85m in NFGC-22-515. Meanwhile, six more drills are systematically testing along the north segment of the AFZ. I would like to thank our exploration team for their ongoing dedication and hard work as we continue to advance this discovery."
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RIVN | Hot Stocks06:31 EDT Rivian Automotive to host first annual shareholder meeting - On Monday, June 6, 2022, at 11:00am PT / 14:00pm ET, Rivian will host its first annual shareholder meeting. A recording will be made available on Rivian's investor relations website.
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FOXF | Hot Stocks06:27 EDT Fox Factory releases first global sustainability report - On the heels of World Environment Day, Fox Factory is proud to publish its 2021 sustainability report, building the foundation for the company to enhance its environmental, social and governance performance. "Over the past several years, we have gone through transformational growth in every possible way. With this, comes the responsibility to create value for the economy, the environment, and people while reducing adverse effects," said Mike Dennison, President and Chief Executive Officer. "The better we get at that, the better we become." The report includes the results of the company's first materiality assessment which led to the creation of the Fox Factory Frontiers sustainability strategy. This release is a summation of the organization's current state which provides a foundation for identifying opportunities and setting long-term sustainability goals in the coming months.
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NWITY | Hot Stocks06:26 EDT Network International enters strategic engagement with FreedomPay - Network International aims to transform its product proposition to the hospitality sector following its strategic engagements with next-gen fintech, FreedomPay. This collaboration with FreedomPay will enable Network as FreedomPay's preferred partner in the MEA region, to offer its hospitality merchants across the UAE and MEA region a fully integrated hospitality payments platform covering all operations including front desk reservation system, F&B, theme parks, spas, etc. The platform enables hotels and retail chains to recognise customers through their preferred method of payment with its unique omni-channel capabilities, ensuring frictionless transactions across all their properties.
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DGHI | Hot Stocks06:25 EDT Digihost increases current hashing capacity to 650 PH/s - At an operational level, Digihost increased its current hashing capacity from 450 PH/s to 650 PH/s. Regarding its infrastructure buildout in North Tonawanda for its proposed power plant acquisition, the Company is still awaiting approval from the Public Service Commission to finalize that acquisition. The Company believes that the New York State Senate Bill S6486D passed by the New York State Senate on June 3, 2022 will not impact the Company's proposed acquisition or its operations at the North Tonawanda plant. The Bill proposes a two-year moratorium on new or renewed permits filed in the future for proof of work cryptocurrency mining operations at fossil fuel plants in New York State. The Bill awaits the approval of New York Governor Kathy Hochul, who could sign or veto the legislation. Based on the language of the Bill, in particular Section 7, which states that the Bill is intended to "take effect immediately and shall apply to all permits or renewal applications filed after such date," the Company believes that, should the legislation be signed into law by the Governor, it will not apply to the proposed operations in North Tonawanda, as the Company filed renewal applications for that plant in 2021. In addition, the Bill also would not prohibit continued operation or expansion of several grid-powered cryptocurrency mining operations scattered across upstate New York, including the Company's East Delavan facility. Additionally, the Company is pleased to announce that it is currently evaluating opportunities for operational expansion in North Carolina, Texas, Florida, and Maryland, visiting potential sites for mining which fit Digihost's model of mining with low carbon emission generation and energy being generated from renewable sources.
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DGHI | Hot Stocks06:24 EDT Digihost enters long term solar agreement with regional energy partner - Digihost Technology is pleased to announce that it has entered into a long-term deal to purchase community solar credits from a nearby community solar farm. The project is located in National Grid territory, and is being managed by the Williamsville, New York based energy supplier, EnergyMark. The community solar project is 5MW in size and will produce roughly 9,500,000 kWh's of clean electricity annually - enough to power more than 1,000 homes. Digihost's current East Delavan, New York facility will be the anchor subscriber to the project. This facility is located in New York's Zone-A region, where more than 90% of the power consumed is from zero emissions generation. The long-term Agreement will further reduce Digihost's already low carbon footprint for its BTC mining operations and allow the Company to apply the community solar credits received pursuant to the Agreement against future utility bills. The solar farm is expected to begin generating renewable electricity by Q4 2022. In pursuit of its goal to be a leading ESG organization, the Agreement was entered into by the Company in accordance with its DigiGreen Initiative, whereby Digihost is committed to achieving net zero emissions from its BTC mining operations by 2030. In addition to nearly emission free electricity at its East Delavan facility, Digihost currently participates in several Demand Response programs, which aid in grid reliability during times of heightened volatility, and further reduces carbon emissions. The Company is currently mining with greater than 90% zero emissions from its power consumption.
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ATHOF | Hot Stocks06:23 EDT Athabasca Oil completes two-week plant turnaround at Leismer - Athabasca Oil Corporation is pleased to provide a corporate update highlighted by operational performance at Leismer, a steadfast commitment to debt reduction and inclusion to Canada's headline equity index. At Leismer, the Company successfully completed a two-week plant turnaround on schedule and on budget in May. Bitumen production has since been restored to ~20,000 bbl/d. The asset is expected to exit the year at ~21,000 bbl/d as the five initial well pairs on Pad L8 ramp-up to plateau production. In June, the Company will spud two infill well pairs at Pad L6, followed by five additional well pairs at Pad L8, that will support production in 2023 and beyond. The asset is expected to grow to ~24,000 bbl/d over the next three years within corporate capital guidance. The Company is forecasting annual 2022 corporate production to be at the upper end of its guidance range of 33,000 - 34,000 boe/d. Capital expenditure guidance remains at $128 million. The Company is planning to utilize 100% of near-term Free Cash Flow to reduce its Term Debt. Year-to-date the Company has redeemed a total of ~C$141 million with a current US$240 million principal balance on its Term Debt. This achieves ~63% of its US$175 million debt reduction target which is anticipated to be reached in H1 2023. Cash balances at the end of May were ~$190 million and the Company anticipates achieving a net cash position before year-end. For 2022, Athabasca forecasts Adjusted Funds Flow of ~$300 million and Free Cash Flow of ~$180 million. The Company further expects to generate ~$900 million in Free Cash Flow during the three year timeframe of 2022-24. Every US$5 WTI impacts Free Cash Flow by ~$45 million annually. The transition of enterprise value to equity holders is materializing and is expected to unlock significant shareholder value. Athabasca is committed to further enhancing shareholder returns by utilizing Free Cash Flow and cash balances for share buy-backs or dividends once its debt target is achieved. Additional guidance on the Company's return of capital strategy will be provided in H2 2022. On June 3, 2022, S&P Dow Jones Indices announced the results of their quarterly index rebalance. Athabasca will be added to the S&P/TSX Composite Index. The index changes will be effective prior to the opening of trading on June 20, 2022. The TSX Composite Index is the headline index for Canada and is the principal benchmark measure for the Canadian equity markets, represented by the largest companies on the TSX. Inclusion to the index is expected to broaden the Company's shareholder participation through index and other broader market funds.
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PK | Hot Stocks06:16 EDT Park Hotels & Resorts reports pro-forma occupancy of 67.9% for May - Park Hotels & Resorts provided an operational update and raised its second quarter 2022 outlook based on improving demand. Recent Highlights: Pro-forma Occupancy for May 2022 for Park's 46 consolidated hotels was 67.9%, with occupancy forecasted to be 76.3% in June 2022; Updated Q2 2022 outlook based upon improving demand to increase the outlook for RevPAR by $9 at the midpoint to $171, while Adjusted EBITDA guidance increased by 9% at the midpoint to a new range of $175 million to $195 million from the Q2 2022 outlook Park provided in May 2022; Repurchased 8.5 million shares of common stock in May 2022 at an average price of $18.33 per share, or $157 million. 12.0 million shares have been repurchased year-to-date at an average price of $18.23 per share, or $218 million; All of Park's hotels are now open following the reopening of the 1,024-room Parc 55 San Francisco - a Hilton Hotel, on May 19, 2022; Sold the 211- room Hilton Chicago/Oakbrook Suites in May 2022 for gross proceeds of $10.3 million and under contract to the sell the 128-room Hilton Garden Inn Chicago/Oakbrook Terrace for $9.4 million; Entered into a definitive agreement to sell Park's 25% interest in the joint venture that owns the 1,190-room Hilton San Diego Bayfront for gross proceeds of $157 million, which includes $55 million of Park's interest in the debt in the joint venture, with net proceeds anticipated to be approximately $102 million; Entered into a definitive agreement to sell the 195-room Homewood Suites by Hilton Seattle Convention Center for $80 million; and Year-to-date, Park has sold or is under contract to sell its interests in five non-core hotels for total gross proceeds of approximately $268 million, or 14.0x the hotels' combined 2019 Adjusted EBITDA, and at an average capitalization rate of 6.7% on the hotels' 2019 net operating income. "I am incredibly pleased to see the continued strengthening of the recovery across our portfolio," said Thomas Baltimore, Jr., Chairman and CEO of Park. "Leisure demand remains robust in our Hawaii, Florida and Puerto Rico markets, while business transient and group demand trends continue to accelerate across our urban portfolio, with the pace of improvement expected to continue over the balance of the year. As a result of the continued improvement, we are raising our Q2 2022 outlook. Additionally, with nearly $270 million of non-core assets sold or under contract at attractive pricing and $218 million in stock buybacks at a nearly 40% discount to the midpoint of our estimated net asset value, we have remained disciplined with our capital allocation priorities and execution of our value creation strategies. Overall, we are incredibly encouraged by the pace of recovery across all demand segments, with Park's portfolio currently on track to recover to pre-pandemic levels by early 2023."
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HGGOF | Hot Stocks06:13 EDT HighGold Mining reports assay results from 2022 Winter Drill Program - HighGold Mining is pleased to report further assay results from the 2022 Winter Drill Program at its Munro-Croesus project located in the Timmins Gold Camp, Ontario, Canada. The Company completed an additional five drill holes on the new Argus Zone on the western side of the Project, 3 kilometers from the historic Croesus Mine, and continued to successfully intersect wide intervals of gold mineralization. These results reinforce the potential for bulk-tonnage style gold associated with the Pipestone Fault at Munro-Croesus. The Argus Zone represents a very early-stage new discovery within the East Timmins area, a region that is host to over 15moz of undeveloped resources. The Argus Zone has now been defined over a strike length of 300 meters and a depth of 250 meters and remains open in all directions. New Highlight Drill Hole Results from the new Argus Zone: Drill Hole MC22-111: 52.3 meters at 0.48 g/t Au, including 10.5 meters at 0.87 g/t Au, and 9.8 meters at 1.09 g/t Au. Drill Hole MC22-112: 68.0 meters at 0.40 g/t Au, including 10.0 meters at 1.23 g/t Au. Drill Hole MC22-114: 27.0 meters at 0.61 g/t Au, and 48.6 meters at 0.62 g/t Au, including 14.6 meters at 1.07 g/t Au. Drill Hole MC22-115: 6.5 meters at 0.62 g/t Au within the Pipestone Fault, and 8.6 meters at 0.50 g/t Au, and 44.0 meters at 0.25 g/t Au. "With our first step-out drilling at the new Argus Zone, we are seeing the emergence of a new and potentially significant bulk-tonnage gold system," commented President and CEO Darwin Green. "Broad widths of encouraging gold mineralization have been intersected in six out of seven holes with excellent promise for further expansion. The surrounding area is completely untested with no prior drilling and our next steps at this discovery will be exploring the extents of the gold system, including tracking it west toward the intersection of the Argus Zone trend with the regional Pipestone Fault."
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UTHR DDD | Hot Stocks06:11 EDT United Therapeutics, 3D Systems produce 3D-printed human lung scaffold - United Therapeutics Corporation (UTHR) announced that in partnership with 3D Systems Corporation (DDD) it has produced a complex 3D-printed object - a human lung scaffold - and demonstrated it at the LIFE ITSELF Conference that occurred May 31 to June 3, 2022 in San Diego. The event was organized and hosted by Dr. Sanjay Gupta and Marc Hodosh and was sponsored by CNN, United Therapeutics, and other prominent corporate leaders in healthcare Dr. Martine Rothblatt, United Therapeutics' Chairperson and CEO and Chuck Hull, 3D Systems' Co-Founder, Executive Vice President, and Chief Technology Officer for Regenerative Medicine, explained to conference attendees during a presentation entitled What's the Future of Organ Transplantation? that these 3D-printable lung scaffold designs consisted of a record 44 trillion voxels that lay out 4,000 kilometers of pulmonary capillaries and 200 million alveoli. Scientists at United Therapeutics plan to cellularize these 3D-printed scaffolds with a patient's own stem cells to create tolerable, transplantable human lungs that should not require immunosuppression to prevent rejection. "Last week, it was exciting to show the public our 3D-printed human lung scaffold, but we're thrilled to share that our 3D-printed lung scaffolds are now demonstrating gas exchange in animal models. We are regularly printing lung scaffolds as accurately as driving across the United States and not deviating from a course by more than the width of a human hair," said Dr. Rothblatt. "With the continued hard work of dedicated scientists and engineers at United Therapeutics and 3D Systems, we hope to have these personalized, manufactured lungs cleared for human trials in under five years. Our goal is to create an unlimited supply of transplantable lungs in the future. Even today, we are using a process called ex-vivo lung perfusion to add to the supply of transplantable lungs by extending by several hours the period of assessment and viability for human donor lungs, resulting in over 230 lives extended to date."
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M | Hot Stocks06:09 EDT Macy's announces Macy's 4th of July Fireworks - The company said, "The nation's biggest party will ignite the night as the 46th Annual Macy's 4th of July Fireworks caps off Independence Day with a big bang! On Monday, July 4th at approximately 9:25 p.m., Macy's will begin its signature jaw dropping pyrotechnic salute to America featuring a barrage of dazzling shells and effects that will captivate spectators live in New York City and on television from coast-to-coast. This year's revelry will launch more than 48,000 shells and effects from five barges positioned between E. 23rd and E. 42nd Streets on the East River with prime viewing from three boroughs in New York City."
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NSTG | Hot Stocks06:08 EDT NanoString unveils AtoMx Spatial Informatics Portal - NanoString Technologies announced the commercial unveiling of its new AtoMx Spatial Informatics Portal at the Spatial Multiomic Symposium at the 2022 AGBT General Meeting in Orlando, FL. Attendees of the conference will have a chance to preview AtoMx SIP at the symposium on Monday, June 6, 2022, from noon to 4:00 pm EDT. The event will be live-streamed and in-person. Visit Spatial Multiomics Symposium - NanoString to register. The AtoMx SIP is a new cloud-based informatics portal that will provide an integrated ecosystem with streamlined workflows to manage, analyze and share data from NanoString's GeoMx Digital Spatial Profiler and CosMx Spatial Molecular Imager platforms. AtoMx provides spatial biology researchers with a scalable solution reducing compute times from days to hours and enabling secure data sharing and collaboration across laboratories and institutions. By harnessing the cloud's unlimited compute power and storage capacities, AtoMx is expected to revolutionize spatial multi-omics data analysis. AtoMx will enable researchers to easily access, visualize, collaborate, analyze, and store data securely at a scale that has not been available in the spatial biology market. AtoMx provides an integrated platform to work with spatial biology data from multiple instrument systems. Built on cloud infrastructure, AtoMx provides compute capabilities that scale with datasets and the complexity of the analysis pipeline. In addition, AtoMx provides easy access to analysis methods for CosMX SMI through a pipeline orchestrator that enables users to create custom analysis pipelines and, for GeoMx DSP, the system offers all current local data analysis tools in the cloud. As datasets become available within AtoMx, the platform will enable new and innovative multi-omics data analysis methods based on artificial intelligence. AtoMx SIP will be deployed as a Software-as-a-Service offering for the academic research and pharma/biotech markets. In addition, a Virtual Private Cloud offering is also planned for those customers who may need more direct control over their data. AtoMx SIP is currently in beta testing and is expected to launch commercially in Fall 2022.
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EPRT | Hot Stocks06:06 EDT Essential Properties Realty Trust increases quarterly dividend to 27c per share - Essential Properties Realty Trust announced that its Board of Directors declared a quarterly cash dividend of 27c per share of common stock for the second quarter of 2022. On an annualized basis, this dividend of $1.08 per share of common stock represents an increase of 4c per share over the previous annualized dividend. The dividend is payable on July 14, 2022, to stockholders of record as of the close of business on June 30, 2022.
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PCH | Hot Stocks06:05 EDT PotlatchDeltic announces $131M expansion of Waldo, Arkansas sawmill - PotlatchDeltic announced that it is investing $131 million to expand and modernize its Waldo sawmill located in Columbia County, Arkansas. The project will increase the mill's annual capacity from 190 million board feet of dimensional lumber to approximately 275 million board feet. The investment will also reduce the mill's operating costs significantly. PotlatchDeltic owns three sawmills and nearly 950,000 acres of timberlands in Arkansas. The expansion is expected to create 55 new indirect jobs. The Waldo investment includes upgrades to the log yard and planer, a new saw line, and a new continuous dry kiln. The existing mill will continue to operate during the project and completion is expected by the end of 2024. PotlatchDeltic has contracted with BID Group to design, build, and equip the expansion and modernization.
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DNUT | Hot Stocks06:04 EDT Krispy Kreme announces 'Pick of the Patch' berry doughnuts - Krispy Kreme is kicking off summer with its new "Pick of the Patch" collection - four all-new berry-inspired, "berry" delicious doughnuts, including the debut of the Mixed Berry Glazed Doughnut. Available beginning June 6 for a limited time at participating shops across the U.S., Krispy Kreme's Pick of the Patch collection features a freshly picked assortment of new doughnuts that delivers the light, fresh and fun vibes of summer.
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SBUX | Hot Stocks06:02 EDT Starbucks affirms plans to name new CEO in Fall - Starbucks Corporation Board of Directors today provided an update to affirm the search details for the Company's next CEO. As stated during the Company's quarterly earnings call last month, the Board's search continues to be on track to identify a successor CEO in the coming months, and the Board has agreed with Schultz that he will remain as interim CEO through the first fiscal quarter of 2023. This timeline provides the company the ideal runway for a seamless transition and continuity of leadership through the 2022 holiday season, as the business transformation continues. Since returning as interim CEO on April 4, Schultz has engaged deeply with partners of all levels of the company, working directly with the leadership team to shape a strategic plan for the future of a reimagined Starbucks Coffee Company. The reinvention plan is being designed through co-creation across the organization with a focus on exceeding the expectations of both partners and customers. As the next CEO is named to the position, he or she will undergo full immersion into the Company, collaborating with Schultz directly. Driving toward an announcement this Fall, the official handoff will take place in the first calendar quarter of 2023. Thereafter, Schultz will remain on the Starbucks Board.
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STLA | Hot Stocks05:52 EDT Stellantis' FCA US to pay $300M to end emissions case, DOJ says - FCA US LLC, formerly Chrysler Group LLC, pleaded guilty to one criminal felony count and has agreed to pay approximately $300M in criminal penalties as a result of the company's conspiracy to defraud U.S. regulators and customers by making false and misleading representations about the design, calibration, and function of the emissions control systems on more than 100,000 Model Year 2014, 2015, and 2016 Jeep Grand Cherokee and Ram 1500 diesel vehicles, and about these vehicles' emission of pollutants, fuel efficiency, and compliance with U.S. emissions standards. FCA US entered a guilty plea to a criminal information charging the company with one count of conspiracy to defraud the United States, commit wire fraud, and violate the Clean Air Act. Pursuant to the plea agreement, FCA US has agreed to pay a criminal fine of $96,145,784 and to forfeit $203,572,892. "FCA US engaged in a multi-year scheme to mislead U.S. regulators and customers," said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department's Criminal Division. "Today's guilty plea demonstrates the department's dedication to prosecuting all types of corporate malfeasance and holding accountable companies that seek to place profits above candor, good corporate governance, and timely remediation." In the related criminal prosecution, three FCA US employees, Emanuele Palma, Sergio Pasini, and Gianluca Sabbioni were indicted for conspiracy to defraud the United States and to violate the Clean Air Act and six counts of violating the Clean Air Act. They await trial.
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MSI | Hot Stocks05:10 EDT Motorola Solutions opens innovation hub in Edinburgh - Motorola Solutions has opened an innovation hub in Edinburgh, Scotland, expanding its mobile video, video security and access control businesses while creating new employment and commercial opportunities for Scotland. Motorola Solutions' Edinburgh R&D teams will focus on cloud-based evidence management software, video security solutions and body-worn cameras, highlighting the Scottish capital's global reputation for strong engineering talent and position as the U.K.'s top innovation city outside of London.
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ET | Hot Stocks05:09 EDT Energy Transfer LP, China Gas enter LNG sale and purchase agreement - Energy Transfer LP and China Gas Holdings announced that China Gas Hongda Energy, a subsidiary of China Gas Holdings has entered into an LNG sale and purchase agreement with Energy Transfer LNG, a subsidiary of Dallas-based Energy Transfer LP, related to its Lake Charles LNG project. Under the SPA, Energy Transfer LNG will supply 0.7M tons of LNG per annum to China Gas on a free-on-board, or FOB, basis. The purchase price is indexed to the Henry Hub benchmark plus a fixed liquefaction charge. The SPA is for a term of 25 years, and first deliveries are expected to commence as early as 2026. The SPAs will become fully effective upon the satisfaction of the conditions precedent, including Energy Transfer LNG taking final investment decision, or FID.
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FISV | Hot Stocks05:03 EDT Fiserv, Trust Payments expand existing relationship - London-based Trust Payments is expanding its existing relationship with Fiserv to support the company's growth and worldwide expansion plans. The new long-term agreement builds on the companies' collaboration since 2012 and will allow Trust Payments to provide its clients with on-demand payment capabilities, enabled by acquiring-as-a-service capabilities from Fiserv.
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