Stockwinners Market Radar for June 08, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TSLA | Hot Stocks20:14 EDT Cathie Wood's ARK Investment bought 3.2K shares of Tesla today
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PATH | Hot Stocks20:13 EDT Cathie Wood's ARK Investment bought 329.8K shares of UiPath today
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U | Hot Stocks20:12 EDT Cathie Wood's ARK Investment bought 232.6K shares of Unity Software today
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WSM | Hot Stocks19:09 EDT Williams-Sonoma exec Ross sells 10,400 common shares - In a regulatory filing, Williams-Sonoma brand president Ryan Ross disclosed the sale of 10,400 common shares of the company on June 6 at a price of $127.42 per share.
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CSCO | Hot Stocks18:37 EDT Cisco CEO: The situation in China is temporary - In an interview on CNBC's Mad Money, Chuck Robbins said he's starting to see some improvement in the supply chain. He remains "fairly optimistic" near term and "feels good" about the markets Cisco participates in. At the low end of guidance, he expects the company to deliver record EPS this year.
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SNOW | Hot Stocks18:24 EDT Snowflake CEO: Our customers are not falling off a cliff - In an interview on CNBC's Mad Money, Frank Slootman said the environment for Snowflake is not rocky, but rather subdued and normal. "When I talk to customers, they are not falling off a cliff," he added. Between the current supply chain issues and inflation, what Snowflake does is "very much needed right now," ne noted.
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BRO | Hot Stocks18:12 EDT Brown & Brown acquires Profits Creation Corp - J. Scott Penny, chief acquisitions officer of Brown & Brown and Gerry White, owner of Profits Creation Corp announced that Brown & Brown Dealer Services has acquired substantially all of the assets of Profits Creation. Terms of the transaction not disclosed.
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RIO | Hot Stocks18:11 EDT Rio Tinto calls for large-scale wind and solar power in Queensland - Rio Tinto "has called for proposals to develop large-scale wind and solar power in Central and Southern Queensland to power its aluminium assets, help meet its climate change ambitions and further encourage renewable development and industry in the region. The approach, which is through a formal market Request for Proposals, is intended to support the development of multiple new wind and solar power projects that can, in parallel with firming solutions, start supplying power to Rio Tinto's Gladstone assets through the Queensland grid by 2030."
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PACW | Hot Stocks18:10 EDT PacWest Bancorp directors buy $400K and $250K in common stock - PacWest Bancorp disclosed that its EVP of Strategy William Black bought 16K shares of common stock in a total transaction size of $400K, EVP of HR Rebrecca Cordes bought 10K shares of common stock for $250K.
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CTRA | Hot Stocks18:07 EDT Coterra Energy exec Bell sells over 36,000 common shares - In a regulatory filing, Coterra Energy EVP of Business Development Stephen Bell disclosed the sale of 36,327 common shares of the company on June 7 at a price of $35.41 per share.
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CLF | Hot Stocks18:03 EDT Cleveland-Cliffs director Taylor sells $1.15M in company shares - Cleveland-Cliffs director Douglas Taylor disclosed in a filing that he had sold 50,000 shares of company stock between June 7 and June 8 for $22.97 per share, for a total transaction amount of $1,148,425.
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PDCE | Hot Stocks18:02 EDT PDC Energy's Kenosha Oil & Gas Development Plan in Colorado granted approval - PDC Energy announced that the Colorado Oil and Gas Conservation Commission approved the company's Kenosha Oil & Gas Development Plan - OGDP - permit application. The Kenosha OGDP encompasses 69 wells on three pads in rural Weld County, Colorado.
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AOS | Hot Stocks18:01 EDT A.O. Smith acquires Atlantic Filter Corporation, terms not disclosed - A. O. Smith announced it acquired Atlantic Filter Corporation, a Florida-based water treatment company in an all-cash transaction. Terms of the transaction were not disclosed.
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BMRN | Hot Stocks17:58 EDT BioMarin's treatment of primary hyperoxaluria type 1 granted orphan designation - According to a post on the FDA's website, BioMarin's treatment of primary hyperoxaluria type 1 was granted orphan designation. Reference Link
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ML | Hot Stocks17:42 EDT MoneyLion set to join Russell 3000 Index - MoneyLion announced it is set to join the broad-market Russell 3000 Index at the conclusion of the 2022 Russell indexes annual reconstitution, according to a preliminary list of additions posted by FTSE Russell on June 3, 2022. Inclusion in the index will take effect after the U.S. market opens on June 27, 2022. Shares of MoneyLion Class A common stock will be automatically added to the appropriate growth and value style indexes. The annual reconstitution of the Russell indexes captures the 4,000 largest U.S. stocks as of May 6, ranking them by total market capitalization. Membership in the US all-cap Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or in the small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes. "Joining the Russell 3000 Index is yet another significant milestone for MoneyLion as a young public company on a mission to redefine consumer finance for hard working Americans," stated MoneyLion Co-Founder and CEO, Dee Choubey. "We welcome the enhanced visibility and distribution provided by our inclusion in the Russell 3000 Index as a way to broaden awareness and engagement within the institutional Investor community as we execute on our strategy."
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HZN | Hot Stocks17:32 EDT Horizon Global and Continental settle patent dispute - Horizon Global subsidiary Horizon Global Americas and Continental Automotive Systems have agreed to amicably resolve their 2-year-old dispute over patent rights to their electronic trailer brake controllers. The specific terms are confidential.
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ODC | Hot Stocks17:22 EDT Oil-Dri Corporation of America increases quarterly dividend 4% - The board of Oil-Dri Corporation of America declared quarterly cash dividends of 28c per share of the company's common stock and 21c per share of the company's Class B stock, an approximate 4% increase for both classes of stock. The dividends declared will be payable on August 26 to stockholders of record at the close of business on August 12.
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UBER... | Hot Stocks17:06 EDT Uber debuts Nationwide shipping, enables 'cross-country cravings' from US cities - In a recent blog posting, Uber (UBER) announced : "Ever gotten home from vacation still craving the pizza you tasted that late night in NYC? We've been there. Ever want to surprise a friend with her hometown bagels from across the country? We're food people at Uber Eats, and we've been there too. Now with Nationwide shipping, consumers across the US can cure their cross-country cravings from beloved merchants in New York City, Miami, and Los Angeles with more cities to come soon - all with just a few taps of the Uber Eats app.Over the last few years, especially during two years of lockdowns with decreased travel, consumers have shared their desire to bring specialty food items straight to their home. But this isn't just something consumers have asked for. We've heard loud and clear merchants' desire to diversify their offerings and reach new consumers." The company added: "To place a Nationwide shipping order, open your Uber Eats app and click the "Nationwide shipping" tile. Once you've selected the merchant you want to order from, select the item(s) you'd like to purchase and add them to your cart. Confirm your order by viewing your cart and going to checkout. Review your order details and place the order! You'll receive an email with tracking information from the carrier, FedEx (FDX), soon after placing the order." Other companies in the space include DoorDash (DASH). Reference Link
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LEGH ACA | Hot Stocks17:04 EDT Legacy Housing appoints Duncan Bates as CEO - Legacy Housing (LEGH) has appointed Duncan Bates, a member of the company's board of directors and Senior VP, Mergers & Acquisitions of Arcosa (ACA), President and CEO, effective June 7. Bates replaces Kenny Shipley, who, as part of the management reorganization, will remain with Legacy as Founder and Executive VP. Shipley will also remain a member of the board. Bates resigned from the board effective June 7. Effective June 7, Francisco Coll was appointed to the board as an Independent Director and will also serve on the Audit Committee.
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NBEV | Hot Stocks17:03 EDT NewAge initiates process of evaluating potential strategic alternatives - NewAge announced that its board has initiated a process to evaluate potential strategic alternatives to maximize shareholder value. As part of the process, the board will consider a full range of strategic alternatives including available financing alternatives, a potential financial restructuring or a reorganization, merger, sale or other strategic transaction. The company has retained Houlihan Lokey as its financial advisors to assist with the strategic review process. In addition, the company has retained Lawrence Perkins and SierraConstellation Partners to serve as Chief Restructuring Officer of the company at the request of the company's board to assist management with the preparation of financial information, stakeholder communication and evaluation of cash flow generation capabilities in anticipation of the strategic review process.
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RKT | Hot Stocks16:58 EDT Rocket Companies CEO buys $599K in common stock - In a regulatory filing, Rocket Companies disclosed that its CEO Jay Farner bought 69.9K shares of common stock on June 6th in a total transaction size of $599K.
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FIVE | Hot Stocks16:45 EDT Five Below drops 6% to $127.72 after Q2, FY22 guidance misses estimates
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CHWY | Hot Stocks16:44 EDT Chewy director Star buys $5.0M in common stock - In a regulatory filing, Chewy disclosed that its director James Star bought 180K shares of common stock on June 6th in a total transaction size of $5.0M.
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GEF | Hot Stocks16:43 EDT Greif jumps 7% to 64.99 after Q2 results beat estimates, FY22 guidance raised
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NEXT | Hot Stocks16:33 EDT NextDecade announces departure of COO Ivan Van der Walt - NextDecade Corporation announced that its COO, Ivan Van der Walt, will leave the company to pursue other opportunities, effective June 10. "Ivan has helped grow NextDecade and his leadership has helped ensure we have the right team and processes in place to begin the construction of Rio Grande LNG in the second half of this year," said Matt Schatzman, NextDecade's CEO. Assuming the achievement of further LNG contracting and financing, NextDecade anticipates making a positive final investment decision ("FID") on a minimum of two trains of the Rio Grande LNG export project in the second half of 2022, with FIDs of its remaining three trains to follow thereafter.
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IGT | Hot Stocks16:33 EDT International Game extends partnership with SuperBook Sports into Tennessee - International Game extended its partnership with SuperBook Sports to Tennessee, where the IGT PlaySports platform is powering the SuperBook Sports mobile betting app. Tennessee marks the fourth state where IGT and SuperBook Sports have teamed up to deliver a sports betting solution. SuperBook Sports is currently leveraging IGT PlaySports technology to power retail and mobile betting in Colorado, and mobile betting in New Jersey and Arizona.
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OC | Hot Stocks16:33 EDT Owens Corning, Pultron Composites form joint venture - Owens Corning and Pultron Composites announced that they have signed an agreement to create a joint venture to manufacture industry-leading fiberglass rebar. This agreement solidifies the companies' commitment to provide more sustainable product solutions and higher performance concrete reinforcement products. It also increases market access to PINKBAR+ Fiberglas Rebar used for flatwork and residential applications, and MATEENBAR Fiberglas Rebar used for heavy-load structural applications. Both products carry ACI, ASTM, ICC-ES and CSA Grade III code compliance and are a suitable replacement to steel rebar.
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WMS | Hot Stocks16:32 EDT Advanced Drainage exec Harvey sells 20,000 common shares - In a regulatory filing, Advanced Drainage Systems EVP of Supply Chain and Logistics Darin Harvey disclosed the sale of 20,000 common shares of the company on June 6 at a price of $112.5544 per share.
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GVA | Hot Stocks16:31 EDT Granite awarded $15M restoration work contract in California - Granite announced that it has been awarded the approximately $15M contract for restoration work on Calabazas Creek near Cupertino, California. Awarded by the Santa Clara Valley Water District, this project will enhance flood control along the creek. The award is anticipated to be included in Granite's second quarter CAP. The project is anticipated to start in July 2022 and anticipated to complete in December 2023.
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VEC | Hot Stocks16:27 EDT Vectrus merger with Vertex recommended by proxy advisory firms ISS, Glass Lewis - Vectrus announced that independent proxy advisory firms Institutional Shareholder Services, or ISS, and Glass Lewis, recommended that Vectrus shareholders vote "for" all proposals to be considered and voted on at Vectrus's Special Meeting of Shareholders in connection with the combination with Vertex. The Special Meeting is scheduled to be held on June 15. In their reports June 3 and June 8, respectively, ISS and Glass Lewis noted: "The strategic rationale of the proposed transaction is sound, as the combined company will have increased scale and geographic, client, and contract diversity." (ISS) "The merger is expected to generate cost synergies, be accretive to earnings and free cash flow, and to provide meaningful projected tax benefits for the combined company." (ISS) "The deal would bring together two defense service providers, resulting in the creation of a larger firm that should be able to better compete for more integrated business opportunities." (Glass Lewis) "The combined company is also expected to have a more diversified revenue base across geographies, clients and contract types in supporting missions for the U.S. Department of Defense and other governmental agencies." (Glass Lewis). Under the definitive merger agreement, Vertex shareholders will own approximately 62% of the combined company on a fully diluted basis, while Vectrus shareholders will own approximately 38%. The merger is expected to close in Q3, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals and Vectrus shareholder approval.
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UPST | Hot Stocks16:25 EDT CFPB issues order to terminate Upstart 'no-action letter' - Earlier, the Consumer Financial Protection Bureau announced that it issued an order to terminate Upstart Network from its list of approved "no-action letters." The CFPB had granted special regulatory treatment to Upstart by immunizing the lender from being charged with fair lending law violations with respect to its underwriting algorithm, while the "no-action letter" remained in force. Upstart requested an amendment to the "no-action letter" that would effectively seek an immediate termination. "The CFPB granted Upstart a first 'no-action letter' in September 2017 and a second letter in November 2020. 'No-action letters' typically grant individual companies special regulatory treatment, on certain specified matters, where an agency agrees to not take action for violations of law. The terms of the 2020 'no-action letter' required Upstart to notify the CFPB of significant changes to its "artificial intelligence" model prior to their implementation. On April 13, 2022, Upstart notified the CFPB that it intended to add a significant number of new variables to its underwriting and pricing model. The CFPB needed sufficient time to review and rigorously evaluate the implications of the changes to Upstart's model. In response, Upstart requested termination of the "no-action letter," effectively ending the company's special regulatory status, and allowing it to be able to make changes to its model without need for CFPB review and approval. As requested by Upstart, today's order terminates the 2020 'no-action letter,' effective immediately," the CFPB stated. Reference Link
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STSS | Hot Stocks16:24 EDT Sharps Technology sees 'near-term path to commercial manufacturing clear' - Sharps Technology published a letter to shareholders. from Robert Hayes, CEO and from Alan Blackman and Soren Christiansen on behalf of the board. Dear Fellow Shareholders: "The completion of our IPO on Nasdaq, in April, marked a major milestone in the ongoing evolution of Sharps Technology and is a key catalyst driving our transformation from an R&D focused company to revenue generating commercial operations. Moreover, the capital we raised in our IPO will enable us to scale operations in the coming quarters as we begin to meet the strong and growing demand for smart safety syringes, a market forecasted to reach $14 billion globally by 2026. As such, we believe that recent Company share prices do not reflect our true value. Our team is now working toward our next major milestone, the conclusion of our acquisition and the commencement of commercial manufacturing at our FDA/CE Mark approved facility in Hungary. We believe with the capital from our IPO we are in a position to manufacture and deliver 100 million units of our proprietary syringe products over the next 24 months. Negotiations are well underway for an onshore US based manufacturing collaboration with a major US University, which includes substantive discussions with State and Federal funding agencies. Our production targets are expected to grow significantly into 2023/24. We look forward to providing additional updates on these initiatives in the months ahead. With our near-term path to commercial manufacturing clear, our team is actively negotiating with potential distribution partners in the US, and we anticipate signing our first distributor agreement during the second half of this year. This will represent another important milestone in our transformation and should provide us with a solid foundation as we seek to rapidly expand sales and grow market share." .
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BKD | Hot Stocks16:23 EDT Brookdale Senior Living reports May 2022 occupancy of 74.6% - Brookdale Senior Living reported a weighted average of consolidated occupancy for May 2022 of 74.6% and occupancy at month's end of 76.2%. Increased sequential weighted average occupancy by 70 bps and month end occupancy by 90 bps. Achieved seven consecutive months of year over year weighted average occupancy growth. Achieved milestone in May of over 2,000 move-ins for the month.
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CNS | Hot Stocks16:22 EDT Cohen & Steers reports preliminary AUM $94.3B as of May 31 - A decrease of $3.7B from assets under management at April 30. The decrease was due to market depreciation of $3B, net outflows of $510M and distributions of $183M.
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DVN | Hot Stocks16:21 EDT RimRock sells assets in the Williston Basin to Devon Energy for $865M - RimRock Oil & Gas announced the sale of its leasehold interest and related assets in the Williston Basin to Devon Energy for a total cash consideration of $865M. RimRock is a portfolio company of funds managed by Warburg Pincus. RimRock is an independent oil and gas company focused on the acquisition and development of North American oil and gas assets. Since its founding in 2016, RimRock operates nearly 200 wells, including 64 drilled wells and over 130 acquired operating wells. The company has over 38,000 net acres of total land holdings in the Williston Basin.
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TRI | Hot Stocks16:19 EDT Thomson Reuters announces new $2B share repurchase program - Thomson Reuters announced it has received approval from the Toronto Stock Exchange for the annual renewal of its normal course issuer bid. The company also announced that it plans to repurchase up to $2B of its shares under the new NCIB. Under the new NCIB, up to 24M common shares may be repurchased between June 13, 2022 and June 12, 2023.
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SMFL | Hot Stocks16:16 EDT Smart for Life on track to close pending acquisition of Ceautamed Worldwide - Smart for Life reported that due diligence is complete and the previously announced pending acquisition of Ceautamed Worldwide, LLC is on track for closing this month. In connection with the transaction, Smart for Life is making a $1M payment toward the acquisition this week, with an anticipated closing by June 30, but no later than July 29.
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ZEN | Hot Stocks16:14 EDT Jana Partners to sue Zendesk to set annual meeting date - JANA Partners announced that it intends to sue Zendesk for the company's failure to set a date for its 2022 annual meeting under Delaware General Corporation Law Section 211, which grants shareholders a right of action if a company fails to hold an annual meeting within 13 months of the prior year's meeting. JANA also commented on today's CNBC report that a sale process conducted by the company's board of directors is unlikely to result in a transaction, with Barry Rosenstein, Managing Partner of JANA, stating: "Zendesk's Board has inflicted significant damage on its shareholders and its incumbent directors must stop hiding from accountability. To protect against further value destruction, shareholders must be given the opportunity to vote on directors who will act in their best interests and restore desperately needed value and credibility. It is inexcusable that the Board has yet to set a date for its 2022 annual meeting. Given Zendesk's 2021 annual meeting was held on May 18, 2021, we intend to take legal action to compel the company to hold its 2022 annual meeting as promptly as possible if a meeting date is not set before the June 18 deadline. The Board must stop holding Zendesk hostage from its owners. If CNBC's reporting is accurate, Zendesk shareholders should be furious. This report of a bungled sale process-following the Board's rejection of real interest in the company in February to instead pursue the ill-conceived acquisition of Momentive, which was subsequently shunned by more than 90% of Zendesk's shareholders-would be the latest catastrophic example of the Board's inability to properly oversee management and the company. Zendesk's stock price today hit a new 52-week low, illustrating that shareholders have lost confidence in the company and further underscoring how desperately change is needed."
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HMTV | Hot Stocks16:13 EDT Edenbrook says equity value for Hemisphere Media holders should be $16-$23/share - Edenbrook Capital, one of the largest public shareholders of Hemisphere Media Group, with ownership of approximately 14.94% of the publicly traded A shares and 7.65% of the total company, including the privately held, super-voting B shares, today announced that it has delivered the following letter to the Members of the Special Committee of the Board of Directors of Hemisphere. The letter stated, in part, "Our firm, Edenbrook Capital, LLC, is writing this letter as a follow-up to the one we sent to Chairman Peter Kern on May 16, 2022. We are addressing this letter to you, the independent members of the Board of Directors who sat on the Special Committee that blessed the proposed transaction for Hemisphere Media Group to be taken private by insiders. In the May 16 letter, we discussed our view that the Insider Takeover "undervalues the company and allows insiders to disproportionately benefit from the very share price erosion they are responsible for." We wrote that a deal to take the company private at anything less than $12 per share was indefensible, as opposed to the $7.00 being offered. But after reading the additional financial disclosures in the company's Pre-Marketing Lender Presentation filed as an exhibit to a Form 8-K on June 3, 2022, we now realize that our estimates were too conservative, and that the equity value for public shareholders should be at least $16-23 per share, as we'll demonstrate, and that this Insider Takeover dramatically disadvantages public shareholders, is rife with conflicts of interest and is borne out of a flawed, unfair process that benefits insiders at the expense of public shareholders."
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FLR | Hot Stocks16:12 EDT Fluor to book $548M contract value in Q2 for Interstate 35 project in Austin, TX - Fluor "announced that it was awarded a construction contract for the Interstate 35 Capital Express South project in Austin, Texas, by the Texas Department of Transportation. Fluor will book the nearly $548M contract value in the second quarter of 2022."
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ICFI | Hot Stocks16:09 EDT ICF International to acquire SemanticBits in $220M deal - ICF announced that it has entered into a definitive agreement to acquire SemanticBits, a premier partner to U.S. federal health agencies for mission-critical digital modernization solutions. SemanticBits is expected to generate approximately $135M in annual revenue in 2022. Approximately $115M of that is expected to be recurring in 2023, reflecting the completion of several small business contracts. SemanticBits has a track record of double-digit revenue growth and is expected to generate EBITDA margins in the high teens as part of ICF. The $220M transaction will be funded by ICF's existing credit facility. The transaction is expected to be accretive to ICF's EPS upon closing. The transaction is subject to regulatory and customary conditions and is expected to close in mid-July. ICF plans to provide updated financial guidance for full-year 2022 that includes the expected contribution from the SemanticBits acquisition when it issues its second quarter results in early August.
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OPNT | Hot Stocks16:07 EDT Opiant expands collaboration with Aptar Pharma - Opiant Pharmaceuticals (OPNT) announced a capacity investment agreement with Aptar Pharma, a provider of drug delivery systems, to expand production of Aptar's nasal Unidose device, which will be used in the production of commercial supply of OPNT003, nasal nalmefene. The agreement includes an investment by Opiant of EUR 2M (approximately $2.1M) and a commitment by Aptar to install and maintain equipment in support of increased future production of its Unidose device to meet the potential commercial demand for OPNT003, nasal nalmefene.
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DVN | Hot Stocks16:06 EDT Devon to acquire leasehold interest, related assets of RimRock Oil and Gas - Devon Energy Corp. announced it has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, LP, a Warburg Pincus portfolio company, in the Williston Basin for total cash consideration of $865M. The transaction is subject to customary terms and conditions and is expected to close inQ3 of 2022, with an effective date of April 1. "This bolt-on acquisition is highly complementary to our existing position in the Williston Basin and is immediately accretive to our financially-driven strategy," said Rick Muncrief, president and CEO. "RimRock's directly adjacent acreage offers strong operational synergies, adds to our high-quality inventory in the core of the play and positions us to further increase the return of cash to shareholders."
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CFB | Hot Stocks16:02 EDT CrossFirst Bank names Randy Rapp president - CrossFirst Bank, a subsidiary of CrossFirst Bankshares, announced the promotion of Randy Rapp to President of the Bank, effective July 1, 2022. Rapp most recently served as Chief Risk Officer and Chief Credit Officer. In his new role as President of CrossFirst Bank, Rapp will oversee the credit and risk management, sales and business development, technology and infrastructure, and operational business lines of the Bank. He will continue to report to Mike Maddox, CEO of CrossFirst Bank and President and CEO of CrossFirst Bankshares, Inc. "The promotion of Randy reflects the careful thought of our Board of Directors regarding the future leadership of our company as we position the Bank for future growth," said Maddox. "It's our strategy to recruit and retain the best talent and prepare them for success. Since joining CrossFirst in 2019, Randy has made significant contributions to our credit practices leading to improvements in the quality of our loan portfolio and financial performance. Randy has extensive experience in the financial services industry, and I am confident in his leadership abilities to accelerate our company forward."
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USFD | Hot Stocks16:01 EDT Teamsters in negotiations with US Foods say work stoppages 'imminent' - The Teamsters Warehouse Division and numerous Teamster locals currently in contract negotiations with US Foods are putting the foodservice giant on notice that work stoppages are imminent. Workers at a growing number of US Foods Distribution Centers throughout the East Coast are considering the possibility of walking off the job following an increasing number of unresolved labor contracts. Workers at several of these locations say the company has violated federal labor laws, and US Foods is currently being investigated by the National Labor Relations Board for several allegations of unfair labor practices. The allegations include illegal terminations, unilaterally changing working conditions and bargaining in bad faith with union representatives.
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CNI... | Hot Stocks14:25 EDT North American rail traffic fell 3.4% for the week ending June 4 - The Association of American Railroads , AAR reported U.S. rail traffic for the week ending June 4. For this week, total U.S. weekly rail traffic was 475,513 carloads and intermodal units, down 2.8% compared with the same week last year. Total carloads for the week ending June 4 were 225,274 carloads, down 1% compared with the same week in 2021, while U.S. weekly intermodal volume was 250,239 containers and trailers, down 4.4% compared to 2021. Four of the 10 carload commodity groups posted an increase compared with the same week in 2021. They included grain, up 2,515 carloads, to 23,867; motor vehicles and parts, up 1,385 carloads, to 12,518; and nonmetallic minerals, up 562 carloads, to 29,778. Commodity groups that posted decreases compared with the same week in 2021 included metallic ores and metals, down 3,222 carloads, to 20,192; miscellaneous carloads, down 1,468 carloads, to 8,037; and farm products excl. grain, and food, down 887 carloads, to 14,510. North American rail volume for the week ending June 4, 2022, on 12 reporting U.S., Canadian and Mexican railroads totaled 319,932 carloads, down 1.4% compared with the same week last year, and 331,817 intermodal units, down 5.2% compared with last year. Total combined weekly rail traffic in North America was 651,749 carloads and intermodal units, down 3.4%. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL) and Wabtec. Reference Link
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ATVI | Hot Stocks13:38 EDT Activision confirms October 28, 2022 release for next 'Call of Duty' - Activision Blizzard (ATVI) confirmed that its upcoming war shooter "Call of Duty: Modern Warfare 2" will be released on October 28, 2022. The Fly notes that Microsoft (MSFT) earlier this year agreed to acquire Activision Blizzard. Reference Link
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SPOT | Hot Stocks13:33 EDT Spotify CEO says strategy to work with music labels, help them be more efficient - Spotify founder and CEO Daniel Ek is speaking during the ongoing Q&A session at the company's investor day meeting.
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SPOT | Hot Stocks13:26 EDT Spotify CEO says will continue to do 'opportunistic' M&A when tech and needs fit - Spotify founder and CEO Daniel Ek made the comments during the ongoing Q&A session at the company's investor day meeting.
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SPOT | Hot Stocks13:18 EDT Spotify up 7% as investor day continues - Shares of Spotify are up $8.08, or 7%, to $117.51 near 1 pm ET as the company continues to host its investor day meeting. In remarks posted earlier as the event began, founder and CEO Daniel Ek stated in part: "Spotify went public in 2018 and four years into that journey, we have netted some notable accomplishments and we all know that we've weathered our share of challenges, but we've also morphed pretty dramatically as a business and I'm not sure that journey is fully understood. And frankly, we probably haven't done a very good job of explaining it... But some may also think that we're a bad business or at least a business with bad margins for the foreseeable future. And others may even think that the audio market is limited and perhaps not that significant. So today we are going to say the quiet part out loud and directly address these assumptions. To start, I believe we have a great product and importantly, our business is doing really well. But what's even more, we're really investing in building a fantastic, multi-sided platform that has all the ingredients to become one of the truly unique creative platforms in the world. And based on what we see, we are accelerating our moves to seize that opportunity in the near term. And the value creation opportunity is very high... Today, we want to share what we are building, what we call internally the Spotify Machine. And compared to 2018, I believe Spotify is in a much stronger position. We are larger and we have a much more differentiated proposition... So what happened then to our long term goals of 25-35% revenue growth and a gross margin target of 30-35%? It really comes down to this. We saw the potential to be much more than just a music company. By leveraging what we learned-and all of the technology we built-in music-and across other verticals, our ambitions became much bigger. And here's where those investments have taken us: We are now the world's largest audio streaming platform. But the prize we are going after is actually much greater and as a consequence, the total addressable market is gigantic... So while we may have traded some near term gross margin at the expense of these investments, we really believe the impact they will continue to have on the Life Time Value of users is significant. And you will hear more about this concept of Life Time Value throughout the day. This is the primary tool that I use to judge whether our strategy and investments are paying off. So we will talk a lot more about how we think about that and how we know that that drives our business. So to sum this point up: What our successes in music and podcasting has clearly demonstrated is that we have built a powerful machine and solid infrastructure that enables us to go after new verticals... We've moved from being a music discovery and playback service, to a fully-fledged platform where artists and creators can create, engage, and earn. A platform fueled by subscription, advertising and creator service models, applied to music, podcasts, audiobooks and more... And in the next couple of hours you will hear more details from our team about what this Spotify machine is capable of... And lastly, Paul Vogel, our CFO, will talk you through how all of this translates into our long term financials." Reference Link
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VIRT HOOD | Hot Stocks12:38 EDT Robinhood falls after Gensler details plan to route orders into auctions - Securities and Exchange Commission Chair Gary Gensler said he has asked agency staff to consider requiring brokerages to route individual investors' orders to buy or sell stocks into auctions in an attempt to increase competition in the market. The objective would be to "assure full competition among all market participants to provide the best prices for retail investors," Gensler said Wednesday in prepared remarks for a speech to the Piper Sandler Global Exchange & FinTech Conference. People familiar with the matter told the Wall Street Journal that the SEC could begin issuing proposals under the initiative as early as this fall. Shares of Robinhood (HOOD) are down 4% to $8.34 in afternoon trading while Virtu Financial (VIRT) is down 2% to $23.50.
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HOOD | Hot Stocks12:33 EDT Robinhood down 4% after SEC Chairman outlines order flow payment changes
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TWTR | Hot Stocks12:19 EDT Twitter jumps 2% to $40.76 after Washington Post report
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TWTR | Hot Stocks12:10 EDT Twitter testing Product Drops feature - Twitter is testing a new shopping feature, known as Product Drops, that lets brands tease products before they go on sale, and customers can sign up for reminders before the release through in-app alerts. "With Product Drops, when a merchant Tweets about an upcoming launch, you'll see a "Remind me" button at the bottom of the Tweet," the company said in a blog post. "With one tap, you can request to be reminded of the Drop. On launch day, you'll get an in-app notification in your Notifications tab 15 minutes before and at the time of the drop, so you can be among the first to shop on the merchant's website and (hopefully) beat out other shoppers. When you click on the notification, you'll see a "Shop on website" button to purchase the item on the merchant's website." For now, only shoppers in the U.S. who use Twitter in English on iOS devices will be able to see and engage with Product Drops, Twitter said, noting that it is testing the feature with "select managed partners."
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INTC | Hot Stocks12:02 EDT Intel appoints April Miller Boise as EVP, CLO - Intel Corporation announced that April Miller Boise has been appointed executive vice president and chief legal officer to lead Intel's global legal, trade and government affairs team, starting July 6. Miller Boise succeeds Steven Rodgers, who retired this year after more than 20 years at Intel. Miller Boise will become a member of the executive leadership team and will report directly to Intel CEO Pat Gelsinger. She will also act as a strategic adviser to the Intel executive leadership team and board of directors. Miller Boise joins Intel from Eaton Corp., where she served as executive vice president and chief legal officer.
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BOXD | Hot Stocks12:01 EDT Boxed falls -10.6% - Boxed is down -10.6%, or -38c to $3.19.
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ZIM | Hot Stocks12:00 EDT ZIM Integrated falls -11.0% - ZIM Integrated is down -11.0%, or -$7.50 to $61.02.
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CDRE | Hot Stocks12:00 EDT Cadre falls -14.2% - Cadre is down -14.2%, or -$3.97 to $23.97.
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EDU | Hot Stocks12:00 EDT New Oriental Education rises 17.0% - New Oriental Education is up 17.0%, or $2.51 to $17.29.
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DAO | Hot Stocks12:00 EDT Youdao rises 19.2% - Youdao is up 19.2%, or $1.00 to $6.20.
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MNSO | Hot Stocks12:00 EDT Miniso rises 28.1% - Miniso is up 28.1%, or $1.53 to $6.97.
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BIIB | Hot Stocks11:56 EDT Biogen rallies after canceling conference appearance over COVID - Shares of Biogen rallied after the company announced today that it is unable to participate in the Jefferies Healthcare Conference on Thursday, June 9, "due to considerations related to COVID." Investors often speculate that conference cancellations could portend an upcoming announcement related to an acquisition or merger. Biogen, however, attributed COVID for missing the Jefferies conference. Nonetheless, the shares are up 3% to $207.89 following the announcement.
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BIIB | Hot Stocks11:51 EDT Biogen announces withdrawal from Jefferies Healthcare Conference - Biogen announced that it is unable to participate in the Jefferies Healthcare Conference on Thursday, June 9, due to considerations related to COVID.
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LMT | Hot Stocks11:49 EDT Lockheed lower as CFO talks potential for F-35 talks slipping into Q3 - While presenting at the UBS Global Industrials and Transportation Conference, Lockheed Martin CFO Jesus Malave was questioned on the Lot 15 through 17 negotiations for the F-35, to which he replied: "It's a great question. I think, though, over that 3-year period, we've learned a lot. There have been a lot of things that have happened in terms of impacts from COVID, the disruption that's caused to not only our labor, but the labor to our supply chain and being able to understand that, quantify that and put that in terms of what that means to cost and price. Same thing with what we've seen over the last 12 months of material inflation. And so the fact that it's taken as long is probably ultimately a good thing because we may not have been able to see these impacts had we closed on this before. Since we talked about this on the first quarter call, and we've been in a few conferences, I'd say the negotiating gap has closed substantially. There still is a gap, and it includes certain things like other terms. I'd say it's a handful of items that we're working diligently with the Joint Program Office to try to get closed. As I said earlier here, it's possible we can get it done by the end of the month, but it's possible it can slip out into the end of Q3... If so, we will see an impact. But again, I think both parties are motivated to try to get something done. And we're at a point now where the differences are converging... Just as a reminder, this is a percentage of completion accounting, so we would record revenue as we incur cost. But if we're under contract and don't have funding, we cannot record revenue. So we'll still keep the program on track and incur cost. But until such time we get under contract for this and get funded, we'd have to wait for that to record revenue." In morning trading, Lockheed Martin shares are down $10.50, or 2%, to $445.80.
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SHOP | Hot Stocks11:27 EDT Shopify confirms shareholder approval of 10-for-1 stock split - Earlier, Shopify announced the results of its annual general and special meeting of shareholders held on June 7. All director nominees were elected to the board of directors and PricewaterhouseCoopers LLP was appointed as the company's auditors. Shareholders approved the previously announced amendments to the company's restated articles of incorporation to update its governance structure, as well as the previously announced 10-for-1 split of the company's Class A and Class B shares to be effected through a separate amendment to its restated articles of incorporation, all as further described in the company's management information circular dated April 11, the company confirmed. Shareholders also approved the advisory resolution on the company's approach to executive compensation disclosed in the circular, Shopify noted. As the shareholders approved the share split at the meeting, Shopify will proceed to file the articles of amendment under the Canada Business Corporations Act to effect the share split. Shareholders of record as of the close of business on June 22 will receive from Computershare, the company's registrar and transfer agent, on June 28, nine additional Class A shares or Class B shares, as applicable, for every one share held. Reference Link
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IMTE | Hot Stocks11:16 EDT Intergrated Media Technology Ltd trading resumes
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BIDU | Hot Stocks11:14 EDT Baidu-backed venture unveils 'first concept production robocar' - JIDU, an intelligent electric vehicle company backed by Baidu and Geely, has unveiled its first concept production robocar ROBO-01. "Integrating the leading intelligent driving capability powered by Baidu and world-class intelligent driving configurations, joined by a cutting-edge futuristic design, ROBO-01 is set to revolutionize the automobile industry, leading the way to an intelligent car era driven by AI," the company stated. The robocar was unveiled at JIDU's first-ever branded event ROBODAY, held in XiRang metaverse, the company noted.
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BRT | Hot Stocks11:12 EDT BRT Apartments raises quarterly dividend 8.7% to 25c per share - BRT Apartments announced that its board of directors declared a quarterly dividend of 25c per share on the company's common stock, representing an increase of 2c per share, or 8.7%, over the prior dividend. The dividend is payable July 8 to stockholders of record on June 30.
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IMTE | Hot Stocks11:11 EDT Intergrated Media Technology Ltd trading halted, volatility trading pause
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AERC | Hot Stocks10:27 EDT AeroClean Technologies Inc trading resumes
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AERC | Hot Stocks10:22 EDT AeroClean Technologies Inc trading halted, volatility trading pause
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KR | Hot Stocks10:22 EDT Kroger Delivery available in South Florida - The Kroger Co. announced Kroger Delivery now serves customers in South Florida with the opening of a new spoke location in Miami. The 60,000-square-foot spoke facility, in collaboration with the Fulfillment Center in Groveland, FL, will serve as a last-mile cross-dock location that efficiently expands Kroger Delivery's ability to serve more customers. The 60,000 square-foot high-tech distribution center will bring 200 new jobs to Opa Locka and adjacent communities.
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META... | Hot Stocks10:18 EDT Meta CEO announces launch of Crayta social world on Facebook Gaming - Mark Zuckerberg, CEO of Meta Platforms (FB), said in a post: "Excited to launch our Crayta social world and game-building environment on Facebook Gaming. With our cloud-streaming tech, it's really fast to build on both mobile and desktop even if you don't have a powerful system. I recently jumped into Crayta with some talented creators to talk about the future of gaming while building Meta's iconic Hacker Square." Roblox (RBLX) offers a metaverse gaming product that may be seen as competing with Crayta. Reference Link
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HAS | Hot Stocks10:12 EDT Alta Fox to 'seek to maintain a dialogue' with Hasbro board - Alta Fox Capital Management, the beneficial owner of approximately 2.5% of the outstanding shares of Hasbro, issued the following statement regarding its campaign to refresh the Company's Board of Directors at the 2022 Annual Meeting of Shareholders. Connor Haley, Managing Partner of Alta Fox, commented: "We thank our fellow shareholders for their thoughtful engagement and support throughout this year's election contest. After five consecutive years of underperformance relative to the S&P 500 and an even longer period of questionable corporate governance, Alta Fox believed targeted boardroom change was necessary at the onset of a new Chief Executive Officer's tenure. We ran a campaign based on the facts: absolute and relative underperformance, numerous capital allocation blunders under long-serving incumbents, and extremely poor disclosure reflective of an insular culture. While we are disappointed in the outcome at today's Annual Meeting, we agree with Institutional Shareholders Services, Inc. that 'all shareholders likely benefited from the campaign.' Specific positives that resulted from our engagement include: Spotlighting the strength of the Wizards of the Coast business in an extensive 100-page presentation. This represents more analysis and focus on the business than Hasbro has shared with investors during its more than 20 years of ownership. Catalyzing the appointments of two gaming-focused directors, helping to fix a glaring and long-standing weakness given WOTC's ~50% contribution to overall EBITDA and its estimated ~70% of total Hasbro value based on our analysis. Spurring the Board to re-consider its Brand Blueprint strategy, as evidenced by the Company refusing to mention the strategy by name in its most recent press releases and instead purportedly undertaking a 'full assessment of our business.' Prompting improved disclosure, including of the trailing EBITDA multiple for the D&D Beyond acquisition, which the Company previously refused to provide to investors. Forcing the Board to acknowledge and confront the Company's meaningful long-term underperformance, a welcome change from its typical self-congratulatory tone. Driving multiple directors to purchase shares on the open market, whereas not a single existing director had ever purchased a single share on the open market prior to our engagement this year. Beyond these specific contributions, we also sparked a healthy debate among the frustrated Hasbro shareholder base about how to best maximize long-term shareholder value. We will seek to maintain a dialogue with the Board to ensure a culture of accountability is put in place as Chris Cocks develops and implements what will hopefully be a superior and well-articulated strategy for value creation. However, the strong shareholder response to our campaign - including support from long-term shareholders, institutional active investors and index funds - has made evident that meaningful improvements in governance and ultimately total shareholder returns are required. Hasbro's assets are too high quality to continue to underperform their potential."
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CAT | Hot Stocks10:06 EDT Caterpillar raises quarterly dividend 8% to $1.20 per share - The Board of Directors of Caterpillar voted to raise the quarterly cash dividend by nine cents, an 8% increase, to $1.20 per share of common stock, payable August 19, 2022, to shareholders of record at the close of business on July 20, 2022.
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GS | Hot Stocks10:02 EDT RippleMatch raises $45M from Goldman Sachs Asset Managment - RippleMatch announced a $45M Series B led by the Growth Equity business within Goldman Sachs Asset Management. The heavily oversubscribed round followed a year of rapid growth in which RippleMatch grew its user base 3x and drove hundreds of thousands of interviews for customers including SAP, General Mills, and Amazon.
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TRS BA | Hot Stocks10:01 EDT TriMas awarded Boeing T-7A defense contract - TriMas (TRS) announced that its TriMas Aerospace group is further expanding its defense business through the award of multi-year contracts with Boeing (BA). TriMas Aerospace's RSA Engineered Products business was awarded several components used in fluid conveyance applications, more specifically within the air ducting system, by Boeing for its T-7A Red Hawk training jet program.
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FLNG | Hot Stocks10:00 EDT Flex LNG falls -10.0% - Flex LNG is down -10.0%, or -$3.20 to $28.82.
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CDRE | Hot Stocks10:00 EDT Cadre falls -11.0% - Cadre is down -11.0%, or -$3.06 to $24.88.
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ZIM | Hot Stocks10:00 EDT ZIM Integrated falls -11.2% - ZIM Integrated is down -11.2%, or -$7.64 to $60.88.
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DAO | Hot Stocks10:00 EDT Youdao rises 10.0% - Youdao is up 10.0%, or 52c to $5.72.
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ANVS | Hot Stocks10:00 EDT Annovis Bio rises 10.2% - Annovis Bio is up 10.2%, or $1.10 to $11.90.
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DDL | Hot Stocks10:00 EDT Dingdong rises 10.7% - Dingdong is up 10.7%, or 50c to $5.16.
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ZEN | Hot Stocks09:56 EDT Zendesk trading resumes
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ZEN | Hot Stocks09:54 EDT Zendesk down 11% after CNBC's David Faber says buyout looking 'less likely' - Zendesk shares are down $9.27, or 11%, to $77.24 and were halted for volatility following Faber's report.
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ZEN | Hot Stocks09:51 EDT Zendesk trading halted, volatility trading pause
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SMAR | Hot Stocks09:47 EDT Smartsheet falls -8.8% - Smartsheet is down -8.8%, or -$3.58 to $37.00.
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CDRE | Hot Stocks09:47 EDT Cadre falls -9.1% - Cadre is down -9.1%, or -$2.55 to $25.39.
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SMG | Hot Stocks09:47 EDT Scotts Miracle-Gro falls -11.4% - Scotts Miracle-Gro is down -11.4%, or -$11.64 to $90.54.
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ANVS | Hot Stocks09:47 EDT Annovis Bio rises 8.1% - Annovis Bio is up 8.1%, or 87c to $11.67.
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KIND | Hot Stocks09:47 EDT Nextdoor rises 8.4% - Nextdoor is up 8.4%, or 30c to $3.86.
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YMM | Hot Stocks09:47 EDT Full Truck Alliance rises 9.2% - Full Truck Alliance is up 9.2%, or 73c to $8.69.
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KSCP | Hot Stocks09:43 EDT Florida school deploys Knightscope K5 Autonomous Security Robot - Knightscope announced that it deployed one of its K5 Autonomous Security Robots on a central Florida school campus.
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PCG | Hot Stocks09:40 EDT PG&E plans to reach net zero greenhouse gas emissions by 2040 - Pacific Gas and Electric Company unveiled breakthrough commitments to help reduce carbon emissions, reverse the impacts of climate change and heal the planet as part of its comprehensive Climate Strategy Report. The report outlines the company's path to become "climate positive," or going beyond net zero emissions and actively removing more greenhouse gases from the environment than it emits, by 2050. Along the way, PG&E plans to reach net zero greenhouse gas emissions by 2040, five years ahead of California's current carbon neutrality target, and has detailed clear milestones it plans to meet by 2030 in reducing emissions, adopting renewable energy, investing in clean transportation infrastructure and transitioning its natural gas system. PG&E's 2040 and 2050 commitments represent a major step in delivering upon its stand that a healthy environment and carbon-neutral energy system shall be the reality for all Californians. These commitments are also designed to ensure equity and inclusion remain at the forefront of California's energy transition by not only helping curb the devastating impacts of climate change felt by communities but also providing a pathway to a more equitable and affordable energy future. PG&E is committed to partnering with a broad spectrum of stakeholders, including customers, coworkers and community organizations, to co-create plans that will help ensure equity, and to delivering on these climate commitments in a cost-effective way, with minimal incremental impact to customer bills. PG&E recognizes that right now is a critical time for meaningful climate change action and is committed to doing its part. PG&E has laid out plans to dramatically reduce emissions attributable to the company and its customers by 2030-reductions from its operations and energy delivery equivalent to taking more than 3.2 million passenger vehicles off the road for one year. To drive this effort, the company has set targets that include: Renewable Energy Adoption: By 2030, PG&E plans to have 70% of its electric power mix consist of state-eligible renewable resources such as wind and solar. This target exceeds the state's mandate of 60% for that same year and will be met in a way that is affordable to all. Accelerate Electric Transportation: PG&E plans to be the industry's global model by fueling at least 3 million electric vehicles in its service area by 2030-leading to a cumulative reduction of at least 58 million metric tons of carbon emissions. Additionally, PG&E plans to prepare the grid to enable 2 million EVs to participate in vehicle-grid integration applications, allowing EVs to be a cornerstone of energy reliability and resilience efforts. Building Electrification and Natural Gas Transition: PG&E plans to achieve 48 million metric tons of lifecycle carbon emissions reductions by 2030 through an increased focus on energy efficiency and building electrification. To support this goal, PG&E will be evaluating all gas capital projects for electrification alternatives and will pursue electrification for projects deemed feasible and cost-effective. "Green" the Gas Supply for Hard-to-Electrify Customers: By 2030, PG&E expects that renewable natural gas will make up 15% of the gas flowing through PG&E's pipelines to core residential and commercial customers, and the company is launching a pilot to maximize readiness for hydrogen blending. PG&E also plans to reduce cumulative carbon emissions by 2.5 million metric tons by proactively converting industrial and large commercial customers unable to electrify to cleaner natural gas. Building upon the 2030 goals, PG&E will work to achieve net zero greenhouse gas emissions by 2040 by eliminating or reducing emissions and then removing remaining carbon from the atmosphere. By 2050, the company plans to be removing more greenhouse gases than it emits. As a dual commodity utility - both gas and electric - PG&E is uniquely positioned to lead this transition with customers at the center. PG&E's vision is to evolve the gas system to be an affordable, safe, and reliable net zero energy delivery platform. To make the transition, PG&E expects a diverse mix of resources to be available-from broad electrification to cleaner fuels such as renewable natural gas and hydrogen to nature-based solutions and carbon capture, storage, and utilization.
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BRAG | Hot Stocks09:39 EDT Bragg Gaming Group trading resumes
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LMNR | Hot Stocks09:38 EDT Limoneira trading resumes
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LYLT | Hot Stocks09:36 EDT Loyalty Ventures trading resumes
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JBLU... | Hot Stocks09:34 EDT JetBlue 'welcomes' Spirit's postponement of special meeting as 'first step' - JetBlue (JBLU) issued the following statement from CEO Robin Hayes regarding the decision by the Spirit (SAVE) board of directors: "We welcome this development as a necessary first step toward genuine negotiations between the Spirit Board and JetBlue. Spirit shareholders are clearly urging the Spirit Board to engage with us constructively and provide us with the same information previously made available to Frontier so that we can reach a consensual transaction. The improved proposal we submitted to the Spirit Board earlier this week clearly offers the most compelling value available for Spirit stockholders and we remain fully committed to acquiring Spirit. We are confident a combined JetBlue-Spirit will create a true national competitor to the dominant big four carriers that will result in lower fares and better service for customers, while offering Spirit shareholders the most attractive value creating opportunity available to them."
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BRAG | Hot Stocks09:34 EDT Bragg Gaming Group trading halted, volatility trading pause
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LMNR | Hot Stocks09:33 EDT Limoneira trading halted, volatility trading pause
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CWK | Hot Stocks09:32 EDT Cushman & Wakefield, Pupil enter agreement for digital property solutions - Pupil announced it has entered a strategic agreement with Cushman & Wakefield. Cushman & Wakefield will use Pupil globally to improve speed and accuracy of digital measurements and produce digital floor plans and digital twins of properties. As part of a global master services agreement, Cushman & Wakefield has also made an investment in Pupil. Cushman & Wakefield's professionals will use Stak to deliver value to clients by combining digital assets, rapid capture times and high-speed delivery to turn buildings into software, with floor plans, photography, CAD drawings, lease plans, site information drawings and digital twins.
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LYLT | Hot Stocks09:31 EDT Loyalty Ventures trading halted, volatility trading pause
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SBGSY | Hot Stocks09:23 EDT Schneider Electric evolves mySchneider IT Partner Program - Schneider Electric announced its new mySchneider IT Partner Program, which will provide a simplified, collaborative approach to enabling partner growth. This re-vamped program focuses on enabling diverse and evolving business models and allows partners to differentiate their business by becoming a strategic advisor and expert in their market across multiple IT competencies. "The mission of our partner program has become clear," said Paul Tyrer, Global IT Channels VP at Schneider Electric. "For more than ten years, members of our IT channel program have reaped strong benefits including discounts, tools and innovative offers from Schneider Electric and its flagship APC brand. Partners participating in the evolved program will stay agile amid today's evolving market trends, and in turn, produce approximately eight times higher revenue," he continued.
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SQ | Hot Stocks09:22 EDT Block's Afterpay, HBX partner to offer flexible spending for shoppers - Afterpay, a subsidiary of Block, announced its new partnership with HBX, Hypebeast's global e-commerce platform and retail destination, to make luxury and streetwear brands more accessible for shoppers to purchase online in four installments. The partnership will allow more Gen Z and Millennials to shop the world of contemporary fashion and lifestyle while paying over time. Zahir Khoja, General Manager of Platforms and Partnerships at Afterpay said, "We're excited to add HBX to our growing platform of designer merchants and offer curated fashion and lifestyle products that enable shoppers to use their own money to pay in four easy installments. Together, we can empower the next generation to use a payment solution that unlocks access to new and exciting products without opting into expensive credit cards that can lead them into revolving debt."
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ADBE | Hot Stocks09:20 EDT Adobe, Crooked Media partner to make podcasts more accessible - Adobe announced a partnership with Crooked Media to make podcasts more accessible, leveraging Adobe Premiere Pro's Speech to Text technology to caption popular content. "Making amazing podcasts is Crooked Media's bread and butter, and we're big admirers of their work," said Meagan Keane, principal product marketing manager at Adobe. "It's so exciting for us to see Speech to Text in Premiere Pro being used by a company that produces some of the most informational and entertaining podcast content available today, and we are proud to know that it's helping to make their shows more accessible so that more people can partake in the experience."
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CFG | Hot Stocks09:18 EDT Citizens Financial completes acquisition of DH Capital - Citizens Financial Group announced that it has completed its previously announced acquisition of DH Capital, a private investment banking firm serving companies in the Internet infrastructure, software and next generation IT services, and communications sectors. Headquartered in New York City with an additional office in Boulder, Colo., DH Capital has completed more than 200 merger and acquisition transactions totaling approximately $35 billion in value.
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HAS | Hot Stocks09:18 EDT Hasbro shareholders re-elect all directors at annual meeting - Hasbro announced the preliminary results at the 2022 Annual Meeting of Shareholders, as provided by its proxy solicitors, which indicate that Hasbro shareholders have voted, with a substantial margin, to re-elect all 13 of Hasbro's highly qualified directors to the Hasbro Board: Richard Stoddart, Kenneth Bronfin, Michael Burns, Hope Cochran, Chris Cocks, Lisa Gersh, Elizabeth Hamren, Blake Jorgensen, Tracy Leinbach, Edward Philip, Laurel Richie, Mary Beth West and Linda Zecher Higgins. Similarly, the Company's say-on-pay proposal and auditor ratification were approved by the shareholders.
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LEXX | Hot Stocks09:18 EDT Lexaria Bioscience grants license to AnodGen Bioceuticals - Lexaria Bioscience is pleased to announce the awarding of a five-year, non-exclusive DehydraTECH license from its wholly-owned subsidiary, Lexaria Pharmaceutical Corp. to AnodGen Bioceuticals of Ireland. The awarded License is valid for the manufacturing and distribution of DehydraTECH processed cannabinoid active pharmaceutical ingredient powders within Europe including the UK, Australia and New Zealand; including pharmaceutical and medical product applications for psychoactive cannabinoids and medical product applications for non-psychoactive cannabinoids. Anodgen will pay royalty fees to Lexaria for all API powders sold that utilize the DehydraTECH technology. Anodgen has the right to manufacture and sell these API powders to third party companies for their own products that are designated by a national regulator as a medical product, drug, nutraceutical, pharmaceutical or biopharmaceutical, as applicable, under its cannabinoid product license rights.
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TRNO | Hot Stocks09:17 EDT Terreno Realty acquires property in Newark for $13M - Terreno Realty, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property in Newark, New Jersey on June 7, 2022 for a purchase price of approximately $13M. The 1.8-acre improved land parcel at 293 Roanoke Avenue is adjacent to Exit 15E of the New Jersey Turnpike and Terreno Realty Corporation's 85, 87, 127-167 and 147-163 Doremus Avenue properties. The property is 100% leased to one tenant on a short-term basis and the estimated stabilized cap rate is 5.4%.
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ESSCU | Hot Stocks09:16 EDT East Stone, NWTN announce confidential submission of registration statement - East Stone Acquisition Corporation and ICONIQ Holding announced the confidential submission on June 7, 2022 with the U.S. Securities and Exchange Commission of a draft registration statement on Form F-4 in relation to a previously announced business combination with East Stone. Upon closing of the Business Combination, NWTN is expected to be the publicly traded entity for the combined company. Closing is conditioned upon, among other things, regulatory and shareholder approval.
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NNCSF | Hot Stocks09:16 EDT Nanosonics announces over 100M procedures performed with trophon devices - Nanosonics announced that patients in North America have been protected from the risk of ultrasound probe cross-contamination in over 100 million trophon high level disinfection procedures. "Our trophon technology has become the standard of care in North America for ultrasound probe infection control, evidenced by over 25,000 installations and partnerships with more than 5,000 health care facilities who trust us for their infection prevention," said Ken Shaw, President of the Americas for Nanosonics. "To date, more than 100 million trophon procedures have been performed in North America, and we believe this number will grow substantially, as there are still millions of procedures performed without the protection of trophon technology. Use of trophon HLD is fast gaining adoption globally due to data demonstrating its efficacy and real-life experience protecting more than 82,000 patients daily from risks of ultrasound probe cross-contamination."
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UDMY | Hot Stocks09:15 EDT Udemy deploys 8,000 international courses in 13 local languages - Udemy announced Udemy Business' growth in the Asia-Pacific region. Udemy Business has expanded its global footprint with a number of enterprise customers across regions, and deployed 8,000 international courses in 13 local languages. Many courses are taught by real-world experts in their native language, removing the need for dubbing or subtitles, and as a result, localizing and enhancing the experience for both learners and instructors. The first quarter of 2022 marked Udemy Business' first full quarter of selling in South Korea through partner Woongjin ThinkBig, which resulted in almost $500K in ARR. Udemy's expansion in the Asia-Pacific region was also marked by the first-ever Udemy Business deals closed in the People's Republic of China through exclusive partner, Sanjieke. Exclusive partnerships in the region also include Benesse in Japan, who has been a partner of Udemy since 2015. "Udemy Business is continuing to grow our presence and impact across the globe, helping organizations improve employees' learning experiences. We're excited to work with organizations such as Singapore's National Library Board, Hyundai Mobis, Panasonic Connect and others across Asia Pacific," said Peter Kokkinos, Vice President & Managing Director of Udemy Business Asia Pacific. "A culture of learning is a key ingredient for a culture of success. Integrating learning into the workplace and making it a more cohesive part of day-to-day work helps improve outcomes for organizations and their teams."
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SHEL | Hot Stocks09:14 EDT Pacific Green, Shell enter into energy optimization agreement - Pacific Green Technologies announces that it has entered into an agreement with Shell Energy Europe wherein Shell will provide dispatch trading and optimisation services for the 99.98 MW Richborough Energy Park battery energy storage system the Company is developing in Kent, England. Under the terms of the Agreement, Pacific Green will be responsible for the construction, operation and maintenance of the BESS, while Shell will purchase the capacity and have the exclusive right to provide optimisation services for the next ten years.
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CGEAF | Hot Stocks09:13 EDT Cogeco's Breezeline activates residential, business customers in West Virginia - Breezeline has activated its first residential and business customers in the community of Cheat Lake in Monongalia County, West Virginia, with activations in Brookhaven and Morgantown expected later this month. Breezeline plans to activate the areas of Westover, Granville and Star City, West Virginia in early 2023. Lightning-fast Fiber-to-the-Home, FTTH, technology will be available for the very first time in many of these communities.
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DRTS | Hot Stocks09:13 EDT Alpha Tau's IDE application for Alpha DaRT cancer therapy approved by FDA - Alpha Tau announced that the FDA has conditionally approved the company's Investigational Device Exemption - IDE - application to initiate its multi-center pivotal study for the treatment of recurrent cutaneous Squamous Cell Carcinoma using the Alpha DaRT alpha-radiation cancer therapy. The clinical study has been approved to enroll up to 86 U.S. patients at up to 20 institutions in the U.S., in addition to any sites that may be added outside the U.S., and will focus on patients with recurrent cutaneous SCC who have failed at least first line standard of care therapy and are not indicated for another curative standard of care therapy.
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BRQS | Hot Stocks09:13 EDT Borqs Technologies unit HHE to play role in HECO Battery Bonus Program - Borqs Technologies announced that its Company's subsidiary, Holu Hou Energy HHE with its energy storage systems for single-family residential, multi-dwelling unit residential and commercial applications will play a role in the Battery Bonus Program introduced by Hawaiian Electric Company HECO, the Hawaiian utility. The program was announced in July 2021 for customers on Oahu and will be utilized to assist HECO in meeting the electricity need from residents during high load periods of the day. A Maui bonus program has also recently been announced.As part of the Company's ESG strategy, HHE will actively participate in Hawaii's Battery Bonus Program. For early adopters, once our customer's system is enrolled and the battery is installed and operational, HECO will issue a one-time cash payment for $5,525 and provide monthly credits totalling about $4,000 over the 10-year life of the program. This arrangement will be a great motivating factor for customers to use HHE's solar plus energy storage system. Also, HHE's system, by virtue of its high-power battery and hybrid inverter, can deliver more energy to the Battery Bonus Program than competitor solutions. For example, a customer using a HHE battery system will earn $2,000 more in total than with a battery from one the best-known solar brands. At present, HHE has enrolled 210kW of energy storage at Single-Family Residences, 57.6kW of storage in Multi-Dwelling Units, and 324kW at commercial sites. The company is targeting a total of between 8 to 13MW of energy storage through the life of the program.
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VXRT | Hot Stocks09:13 EDT Vaxart announces adjournment of Annual Meeting of Stockholders - Vaxart announced that its 2022 annual meeting of stockholders has been adjourned to Wednesday, July 6, 2022 at 9:30 a.m. Pacific Time with respect to all proposals described in Vaxart's definitive proxy statement filed with the U.S. Securities and Exchange Commission on April 28, 2022. The reconvened Annual Meeting will be held at the offices of Vaxart, Inc. located at 170 Harbor Way, Suite 300, South San Francisco, California 94080. During the adjournment, Vaxart continues to solicit votes from its stockholders with respect to all proposals set forth in the Proxy Statement. At the time the Annual Meeting was adjourned, proxies had been submitted by stockholders representing approximately 58.22% of the shares of Vaxart's common stock outstanding and entitled to vote, which constituted a quorum. At the time of the Annual Meeting votes were sufficient to approve: Proposal 1 - Election of Directors and the election of all of the board of directors' seven nominees for director, Proposal 3 - Approval of Amendment and Restatement of the 2019 Equity Incentive Plan, Proposal 4 - Approval of the 2022 Employee Stock Purchase Plan, Proposal 5 - Ratification of Selection of Independent Registered Public Accounting Firm, Proposal 6 - Approval of the Compensation of the Vaxart's Named Executive Officers. At the time of the Annual Meeting votes were not sufficient to approve Proposal 2 - Adoption of an Amendment to Vaxart's Restated Certificate of Incorporation to Increase the Number of Authorized Shares of Common Stock, which requires approval by the holders of a majority of the outstanding shares of common stock of Vaxart. At the time of the Annual Meeting, approximately 73.3% of the votes cast on Proposal 2 were voted in favor of its approval, which constitutes approximately 42.1% of the outstanding shares in favor. Proxies previously submitted with respect to the Annual Meeting will be voted on all proposals at the adjourned Annual Meeting unless properly revoked in accordance with the procedures described in the Proxy Statement, and stockholders who have previously submitted a proxy or otherwise voted need not take any action. The Board of Directors of Vaxart believes that the approval of Proposal 2 regarding the Authorized Shares Increase is in the best interests of the stockholders of Vaxart. In the event the Authorized Shares Increase is not approved, there may not be sufficient shares of common stock for Vaxart to increase the number of authorized shares of common stock to give Vaxart greater flexibility in considering and planning for future corporate needs, including, but not limited to: raising additional capital, which is needed to fund ongoing clinical and nonclinical research programs; considering potential strategic transactions, including mergers, acquisitions, and business combinations; funding operations; issuing shares; making long-term equity incentive awards under Vaxart's equity compensation plans; attracting and retaining key employees, consultants, advisors, executive officers, and directors; and other general corporate purposes.
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SAH | Hot Stocks09:12 EDT Sonic Automotive selected by Instabase to transform invoice processing - Instabase, the Automation Platform for Unstructured Data, announced that Sonic Automotive, a Fortune 500 Company and one of the nation's largest automotive retailers, has selected Instabase for its industry-leading automated document processing capabilities. Through this partnership, Sonic Automotive will be able to automate the processing of unstructured invoices, increasing capacity and streamlining vendor payment at lower costs across its vast network of vendors and suppliers.
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CPTK | Hot Stocks09:11 EDT Ambient.ai integrates with Brivo to address workplace violence - Ambient.ai announced an integration with Brivo. Brivo Access will now deliver automated intelligence powered by Ambient.ai to visually verify physical access control system alerts to reduce false alarms, accelerate threat response, and free up security resources to focus on legitimate security threats. The partnership allows organizations to further streamline security operations, ultimately saving time and lives.
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IBEX | Hot Stocks09:09 EDT Ibex appoints Dan Hess as SVP, business development, healthcare - ibex announced that healthcare sales veteran Dan Hess has joined ibex as Senior Vice President, Business Development, Healthcare. Before joining ibex, Hess worked for large healthcare services delivery organizations, including Owens & Minor, Inc. and Firstsource Solutions.
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MIGI | Hot Stocks09:09 EDT Mawson Infrastructure announces listing of CPET in Australia - Mawson Infrastructure Group announces the listing of Cosmos Asset Management's third product, the Cosmos-Purpose Ethereum Access ETF, CPET. James Manning, CEO and Founder of Mawson, said, "We are excited to see Cosmos Asset Management, in partnership with Purpose Investments and Gemini, launch another product in Australia. We are excited for what comes next at Cosmos Asset Management."
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SRAX | Hot Stocks09:09 EDT SRAX to host Sequire Decentralized Web Conference - SRAX announced that the Sequire Decentralized Web Conference will take place on June 23rd, 2022. Blockchain, DAOs, NFTS, and digital currencies are taking off around the world. With the user rate of cryptocurrency growing at over 100% each year, the potential is far-reaching. SRAX is bringing together a list of influential companies making history in this sector for a full day of presentations. This 1-day virtual investor event will be held via SRAX's Sequire Virtual Events platform. Nearly nine million active small-cap investors have been invited to the event, which will feature over 15 decentralized web focused companies hosting 25 minute presentations, alongside keynotes highlighting prominent names in this space. Speakers currently include: Brock Pierce, Chairman of the Board of the Bitcoin Foundation, Scott Walker, the Co-Founder and CEO of DNA.Fund, Timothy Lewis, Founder of DEVxDAO, Jeff Dorman, Co-Founder and Chief Investment Officer of Arca, and Mrinal Manohar, the Co-Founder and CEO of CasperLabs. More keynote speakers are expected to come aboard. The presenting companies will also be able to take virtual 1:1 meetings with investors of their choice.
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ONEXF | Hot Stocks09:07 EDT Gluskin Sheff launches Onex Partners Private Equity Solution 2022 - Gluskin Sheff + Associates announced the launch of the Onex Partners Private Equity Solution 2022, a private equity strategy that seeks to generate compelling returns for Canadian high-net-worth investors, with an emphasis on capital preservation. For the first time, Canadian accredited investors can access Onex' private equity platform through Gluskin Sheff to uncover an investment opportunity previously unavailable to the retail accredited investor market. The Fund's structure represents a unique offering for eligible investors who seek to benefit from: Higher return opportunities relative to traditional public markets; Diversification to offset public market exposure; Less volatility compared to public markets; Thoughtful ESG analysis included in investment process; A longer-term investment horizon.
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CVX... | Hot Stocks09:07 EDT Chevron, Cummins team on renewable natural gas engine demonstration - Chevron U.S.A., a subsidiary of Chevron Corporation (CVX), announced definitive agreements to supply fuel linked to renewable natural gas for a Walmart Inc. (WMT) demonstration of Cummins's (CMI) new 15-liter natural gas engine for heavy-duty trucks. As part of the agreements, Walmart will provide heavy-duty trucks for Cummins to integrate with the new 15-liter natural gas engine, the X15N, which runs on compressed natural gas. After taking delivery, Walmart will field-test the finished trucks at its distribution center in Fontana, California, with Chevron supplying the trucks with CNG linked to renewable natural gas.
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BXBLY | Hot Stocks09:05 EDT Brambles commits to net-zero emissions by 2040 - Brambles, CHEP's parent company, announced its commitment to achieving net-zero greenhouse gas, GHG, emissions by 2040. The company's pledge to a 1.5 degrees C climate future was an essential driving force behind its five-year sustainability targets published in 2020. By pledging to align with the goals of the Paris Climate Agreement, Brambles was already committed to achieving net-zero greenhouse gas emissions by no later than 2050.
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NCLH | Hot Stocks09:05 EDT Norwegian Cruise Line releases 2021 ESG report - Norwegian Cruise Line Holdings published its 2021 Environmental, Social and Governance Report and Sustainability Accounting Standards Board index as part of the Company's global sustainability program, Sail & Sustain. Highlights from the Company's previously published 2021 Task Force on Climate-related Financial Disclosures Report are also included in the 2021 ESG Report. "We are more focused now than ever on our commitment to drive a positive impact on society and the environment through our global sustainability program, Sail & Sustain. The success of our business and our ability to deliver long-term value to our stakeholders is undeniably linked to the health of our planet, our people and the communities we visit worldwide," said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. "Our 2021 ESG Report highlights our progress and commitments on our top ESG priorities, providing critical transparency to our key stakeholders. We do not plan to stop here and we will continue to build upon our accomplishments to-date as we collectively chart a path towards a more sustainable future."
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VRSK | Hot Stocks09:05 EDT West Bend Mutual Insurance uses Verisk Analytics for underwriting - West Bend Mutual Insurance Company is transforming its underwriting and customer experience by tapping the high-quality data and analytics of LightSpeed Small Commercial from Verisk . LightSpeed Small Commercial delivers a powerful mix of data and analytics on risk exposures through a single application programming interface . It enables insurers to automate underwriting and increase straight-through processing of insurance applications and renewals to help shrink underwriting times from days to seconds.
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TEVA | Hot Stocks09:04 EDT Teva , Direct Relief launch new program to expand medication access - Direct Relief, the National Association of Free and Charitable Clinics, NAFC, and Teva Pharmaceuticals launched a new program to expand medication access and provide grant funding to free and charitable clinics that care for medically underserved patients suffering from depression and/or anxiety. Teva is providing free and charitable clinics with $2M in grant funding over two years and making available, on a charitable basis, a portfolio of commonly used generic medications that treat depression and anxiety. The new pilot program - initially set in Florida, New Jersey and California - aims to advance access to mental health care for uninsured populations. "Access to mental health care is critical yet distributed unevenly across the U.S.," said Thomas Tighe, CEO and President of Direct Relief. "Direct Relief is joining NAFC and Teva Pharmaceuticals in supporting community-based facilities to extend mental health care for those most in need."
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ANCTF | Hot Stocks09:04 EDT Alimentation Couche-Tard to hire more than 25,000 across global network - Alimentation Couche-Tard is hiring for more than 25,000 positions at its more than 14,100 Circle K and Couche-Tard convenience stores and support centers across North America, Europe and Asia. The company's openings include store-level positions for customer service representatives, assistant store managers and store managers, as well as a host of opportunities at its support centers.
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VZ | Hot Stocks09:04 EDT Verizon Response Team ready for 2022 wildfire season - The company said, "The 2022 wildfire season got off to an early start with record breaking fires that ravaged large swaths of the American Southwest beginning in April. For people who reside in the West, living with the threat of wildfire during much of the year has become part of the new normal. At Verizon, preparing for wildfires, natural disasters, extreme weather and other emergency situations is something we do all year long to keep communities and first responders connected when it matters most. Wildfire season is well underway with the hottest and driest months on the horizon, and Verizon's Response Team is ready. Experts predict another active fire season, so teams of Verizon engineers have been preparing by running emergency drills, testing fiber and cell site readiness, and ensuring recovery equipment is in place. Verizon Frontline and the Verizon Frontline Response Team also stand ready to provide first responders who will be on the front lines of potential disaster response efforts with the mission-critical communications capabilities they'll need."
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DAKT | Hot Stocks09:03 EDT Daktronics crosses $800M mark for orders in a single fiscal year - Daktronics has crossed the $800 million mark for orders in a single fiscal year. This milestone has been reached thanks to large projects including the LA Clippers' massive Intuit Dome Halo Board, the largest ever double-sided halo display in an arena setting. This almost full acre-sized scoreboard will help build the most intensive live experience in sports at Intuit Dome in Inglewood, California, set to open in 2024 as the new home of the Clippers.
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RAVE | Hot Stocks09:03 EDT Rave Restaurant promotes Mike Burns to COO - Rave Restaurant announced the promotion of Mike Burns, to Executive Vice President and Chief Operating Officer effective June 27 . Burns previously served as RAVE'S Chief Operations Officer. "Mike's influence as a leader is felt throughout the company daily. Not only does he have a reputation for creating high-performing teams, he has improved our supply chain and our franchise development initiatives," says Mark Schwarz, Chairman of RAVE Restaurant Group. "Overall, he has helped us shore up operations and create efficiencies across both brands, contributing to our eight consecutive quarters of profitability."
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CPB | Hot Stocks09:02 EDT Campbell Soup expects core inflation to exceed estimates for remainder of 2022 - Says increased inflation "is certain." Feels "very good" about execution on first two pricing waves. Says making progress on third wave of pricing. Says will be "prudent" implementing price increases. Says portfolio "very well positioned" to confront market challenges.
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GWRE | Hot Stocks09:00 EDT Guidewire Cloud selected by Franklin Mutual Insurance Group - Franklin Mutual Insurance Group, a P&C insurance provider for New Jersey residents and business owners, and Guidewire announced that Franklin Mutual Insurance has selected Guidewire Cloud to power its core operations and simplify its IT operations, adapt more quickly to changing market demands, and deliver more value to its policyholders. "We thank Franklin Mutual Insurance for its continued trust in Guidewire and our platform and welcome the company to the Guidewire Cloud," said John Mullen, president and chief revenue officer, Guidewire. "We are pleased by this vote of confidence in our cloud services capabilities to continue commitments to policyholders through dedication to a strong ethical culture, excellent customer service, consistency in the marketplace, and financial strength."
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CYTO | Hot Stocks08:53 EDT Altamira Therapeutics announces outcomes from Bentrio testing in HRV - Altamira Therapeutics announced outcomes from testing Bentrio for protection in human rhinovirus infection. Bentrio is a drug-free nasal spray developed and commercialized by the Company's affiliate Altamira Medica for protection against airborne viruses and allergens. Bentrio was tested for its capability to prevent or mitigate infection of the human nasal epithelium by HRV. For the experiment, reconstituted cells from donors were inoculated with the virus either 10 minutes after the first application of Bentrio or 12 hours prior to the first application of Bentrio. Bentrio was applied daily for four days; the viral load was determined on MDCK cell lines. Prophylactic treatment with Bentrio resulted in a statistically significant reduction in the viral load vs. saline controls at Day 4, whereas mitigative treatment showed statistically significant reductions at both Day 3 and Day 4. On Day 4, the viral load was 89.5% and 98.9%, respectively, lower than in controls.
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CLVR | Hot Stocks08:49 EDT Clever Leaves and Cantourage extend medical cannabis partnership in Germany - Clever Leaves and European medical cannabis provider Cantourage have extended their strategic partnership for the distribution of medical cannabis flowers throughout Germany. Following the introduction of Clever Leaves' IQANNA No 7 medical cannabis flowers to the German pharmaceutical market, Cantourage and Clever Leaves launched the 'IQANNA No 10'-branded Wappa cultivar. The product is cultivated in Clever Leaves' facility in Portugal, where the company operates approximately 25,000 m2 of actively producing GACP-certified greenhouses. Cantourage manufactures and distributes medical cannabis products sourced from around the world and makes them available to patients in Germany and Europe. IQANNA No 10 is the second Clever Leaves product made available to patients in Germany, with further products under the IQANNA brand to be introduced in Germany in the coming weeks.
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JBL | Hot Stocks08:48 EDT Jabil's Badger Technologies deployed program with Vallarta Supermarkets - Badger Technologies, a product division of Jabil and leader in retail automation, has deployed a pilot program with Vallarta Supermarkets, a chain of 53 full-service markets throughout California, to reinforce operational and customer-service excellence. Badger Technologies multipurpose autonomous robots support the retailer by identifying hazards at five Vallarta Supermarkets in Fresno, Kern, Los Angeles and San Bernardino counties. "Providing our customers with a clean, safe environment is critical to our customers' experience," said Steve Netherton, CIO and VP of Continuous Improvement at Vallarta Supermarkets. "When we look at where to invest in innovative technologies, improving store operations is always a high priority. The Badger Technologies robots are helping us set new standards in store safety and cleanliness while ensuring a superlative shopping experience."
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LOB | Hot Stocks08:46 EDT Live Oak Bancshares announces an investment in AgencyKPI - Live Oak Bancshares has announced an investment in AgencyKPI. Live Oak participated in the Series B round of financing which will support the software company's growth and add resources to continue building cloud-based software that strengthens the ability of independent insurance agencies to assess data to remain nimble and profitable."As a bank that lends to independent insurance agencies across the country, we see the extraordinary value AgencyKPI is providing," said Stephanie Mann, Live Oak's EVP of Corporate Development and Strategy. "Their business intelligence platform is driving transparency, efficiency and overall better performance for our customers. Live Oak is excited to invest in companies such as AgencyKPI that leverage next-generation technology to support business growth."The insurance industry operates on fragmented legacy systems, and AgencyKPI set out to help solve the problem with an intelligent platform that seamlessly connects the data used across networks, brokers, agencies, carriers, and wholesalers so independent insurance agents can gain operational efficiencies."We are thrilled to have a strong innovator like Live Oak Ventures participating in our Series B. Live Oak understands the insurance industry and clearly agrees with us that insurance carriers, networks and independent agencies will all benefit from a deeper understanding of their data. They believe in our vision and support our direction and we can't be more thrilled to have them among our investors," said Bobby Billman, co-founder of AgencyKPI.
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PMCB | Hot Stocks08:46 EDT PharmaCyte Biotech issues response to Iroquois Capital letter - PharmaCyte Biotech issued the following letter to its shareholders in response to the concerns expressed by Iroquois Capital Management in its letter to the PharmaCyte Board of Directors dated May 11, 2022, and announces additional steps to increase shareholder value: "We are writing to respond to concerns expressed by Iroquois. We would also like to update you on the progress of our programs and the strategy we are employing...Our Board and management team fully recognize the need to deliver sustained value for all shareholders and to have a clear strategy in place to achieve this goal. We are confident that PharmaCyte's cellulose-based live-cell encapsulation technology holds significant promise for treating various diseases that have often been addressed unsuccessfully...We have reached an exciting point in our evolution with a dramatically strengthened foundation from which to drive sustained long-term shareholder value given: (i) we believe we are making substantial progress toward a Phase 2b clinical trial... (ii) we are forming relationships and partnerships with leaders in the field... (iii) we have recently raised sufficient capital to advance our leading product candidates... and (iv) we successfully uplisted PharmaCyte to Nasdaq. In conjunction with our capital raise and Nasdaq listing, we presented a detailed business plan to multiple institutional investors, including Iroquois...There are many aspects of the timeline that are beyond PharmaCyte's control. To make up for this, we have accelerated preparations for our clinical trial so that we will be ready to enroll our first patient and begin the clinical trial almost immediately upon the FDA lifting the clinical hold. We believe this accelerated approach will save approximately six months or more of time. In addition, there are multiple major milestones ahead of us in our core programs that can significantly improve shareholder value... Our shares currently trade well below their cash value. We agree with our shareholders that our shares are significantly undervalued. The Board began discussing a share repurchase program at its quarterly Board meeting in March of 2022 and last week authorized a share repurchase program to purchase up to $10 million of our common stock over a two-year period. We expect to fund the share repurchase program with our available cash... We are always open to considering additional steps to better communicate with shareholders. In addition to communicating with our shareholders through press releases and direct communication, we now plan to initiate quarterly investor calls to update shareholders and analysts concerning our business and growth strategy....Our diverse Board is comprised of individuals who have strong scientific backgrounds, clinical experience and capital markets experience"
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OMQS | Hot Stocks08:46 EDT Omniq award $11M supply agreement from Government of Israel - OMNIQ announced that Dangot Computers Ltd, its fully owned subsidiary received an approximately $11M dollar Supply Agreement from the Government of Israel. omniQ will supply IoT equipment, consumables, and technical services to the Government's various Ministries for the next 5 years. Recurring revenue represent approximately 50% of the agreement.
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CUEN | Hot Stocks08:45 EDT Cuentas reports largest increase in account registrations in May - Cuentas had the largest increase in account registrations in May 2022, and the company is on pace to have a record Q2. In the first two months of the second quarter, new users have already outpaced acquisition rates for the full first quarter by 172%. The uptick is driven by several strategic marketing initiatives that have increased overall brand awareness and affinity among key target audiences and users in priority markets. Recent promotional programs and a major brand awareness campaign have increased awareness of the Cuentas card and app features and are demonstrating positive momentum around key performance indicators such as feature adoption and fund loads. The brand has plans in place to sustain this momentum with ongoing activation and engagement initiatives that can drive ongoing user engagement, increased transaction volume and ongoing feature utilization.
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SCYX | Hot Stocks08:44 EDT Scynexis submits sNDA to FDA for additional indication for BREXAFEMME in VVC - Scynexis announced the submission of a supplemental New Drug Application, sNDA, to the U.S. Food and Drug Administration FDA of an additional indication for BREXAFEMME, ibrexafungerp tablets, for the prevention of recurrent vulvovaginal candidiasis, RVVC. BREXAFEMME is a novel oral antifungal approved for the treatment of vulvovaginal candidiasis or VVC, also known as vaginal yeast infection.
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SRAD | Hot Stocks08:44 EDT Sportradar appoints Eric Conrad as MD, strategic partnerships, content - Sportradar announced the appointment of Eric Conrad as Managing Director, Strategic Partnerships & Content, North America. Conrad will report directly to Eduard Blonk, Chief Commercial Officer. In this newly created role, Conrad will build upon the successful foundation established by the US Sports Content and Partnerships team, which will now report to him. Conrad will work closely with Sportradar's media and betting partners to maximize commercial returns, as well as pursue new, long-term partnerships that will help drive consistent, continued growth. Conrad joins Sportradar from Univision where most recently he was Executive Vice President, Sports Programming and Acquisitions.
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PHUN | Hot Stocks08:42 EDT Phunware's PhunToken to co-sponser Consensus 2022 - PhunToken and its creator Phunware will co-sponsor Consensus 2022, which will take place in Austin, Texas, from June 9-12, 2022. The Company will also be launching the PhunToken Consensus Quest on PhunWallet, offering opportunities to win over $100K in rewards, plus a Lyte Mining PC.
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ENGA | Hot Stocks08:41 EDT Bebuzee to launch 'Shortbuz' inside Super App in coming months - The executive management of Bebuzee discussed the "Shortbuz" component inside its "Super App"... Bebuzee, which will be launched in the coming months. The Company says that Shortbuz used to make a variety of short-form entertaining videos. It hosts a variety of short-form user videos, from genres like pranks, funny video, stunts, tricks, dance, and entertainment with durations from 15 seconds to two and half minutes. Shortbuz is a direct competitor of Tik Tok. The two products are similar, but features are not identical. Users are able to select from 40 video categories; Shortbuz is localized for over 80 countries; and Shortbuz is available in over 160 languages.
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HTCR | Hot Stocks08:40 EDT HeartCore Enterprises announces $3.5M repurchase program - HeartCore Enterprises, announced that its Board of Directors has authorized a share repurchase program pursuant to which the Company may repurchase up to $3.5 million of its outstanding shares of common stock. "The authorization of this share repurchase program reflects our leadership's confidence in the trajectory of the organization and our ability to generate long-term shareholder value," said CEO Sumitaka Yamamoto. "With the continuous growth of our core CMS and Digital Transformation businesses, supplemented by our latest Go IPO consulting service, we believe we are poised for a strong 2022 as we look to expand our footprint across Japan and the international markets. With the momentum we've generated so far, we strongly believe there is a disconnect between our current share price and the fair value of our common stock, based on what we believe to be HeartCore's future earnings potential."
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VMEO | Hot Stocks08:40 EDT Vimeo unveils interactive video capabilities - Vimeo (NASDAQ:VMEO), the world's leading all-in-one video software solution, today announced the launch of new interactive video capabilities with Vimeo. This launch marks the successful integration of the WIREWAX feature-set after its acquisition by Vimeo last November. The new interactive capabilities now available on Vimeo include: Intuitive, code-free video editor: Create dynamic, interactive videos using a simple-to-use, drag and drop interface that guides users through the process, from start to finish. AI-powered, clickable hotspots: Leverage computer vision technology to pin clickable elements to specific objects on the screen so viewers can engage directly within the video to learn more. Fully-customizable overlays: Add layers of content and information on videos - additional videos, photos, buttons, information, and more - to drive viewer interest and engagement. Video branching: Give consumers and employees the ability to select multiple paths within a single video, creating navigable content and unique experiences. Shoppable video functionality: Build new shopping experiences by adding clickable elements to individual products within a video, overlaying additional product information, and "add to cart" buttons, allowing users to shop directly within a video. Comprehensive reporting and analytics: Track key metrics like sales, audience engagement, and message retention and then optimize content for maximum impact and ROI.
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CNSP | Hot Stocks08:39 EDT CNS Pharmaceuticals presents ongoing trial of Berubicin in GBM - CNS Pharmaceuticals presented an overview of its ongoing clinical trial evaluating Berubicin for the treatment of recurrent glioblastoma multiforme - GBM -, at the ASCO 2022 Annual Meeting. Berubicin is a novel anthracycline and the first that appears to cross the blood-brain barrier with central nervous system uptake. The induction of apoptosis and DNA damage by Berubicin was significantly higher than that of doxorubicin in all tested cancer cells, demonstrating Berubicin's greater potential potency and consistently higher cytotoxicity in GBM cell lines than Dox. In models of intracranial orthotopic gliomas, Berubicin prolongs survival when compared to temozolomide, currently the standard of care in GBM for first line therapy in combination with radiation. Berubicin had greater infiltration into intracranial glioblastoma cells compared to normal tissue, supporting the potential for improved efficacy. Based on this data, a Phase 1 dose escalation study was conducted by a prior developer in patients with recurrent primary brain tumors. Berubicin was well tolerated, with myelosuppression as dose-limiting toxicities. The company's ongoing global study is an adaptive study in adult patients with recurrent glioblastoma multiforme after failure of standard first-line therapy evaluating efficacy and safety of Berubicin. The primary endpoint is overall survival, with a projected 243 patients enrolled in a 2:1 randomization design.
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AGX | Hot Stocks08:38 EDT Argan's subsidiary enters into engineering, construction contracts - Argan announces that its wholly owned subsidiary, Atlantic Projects Company, APC, has entered into engineering and construction services contracts with the Electricity Supply Board, ESB, to construct three 65 MW aero-derivative gas turbine flexible generation power plants in and around Dublin, Ireland. Two of the power plants, Poolbeg and Ringsend FlexGen Power Plants, will be located on the Poolbeg Peninsula, and the Corduff FlexGen Power Plant is to be built in Goddamendy, Dublin. All three projects cleared the SEM 2024/2025 T-3 Capacity auction earlier this year and are expected to operate intermittently during peak periods of electricity demand and as back-up supply options when renewable electricity generation is limited. A full notice to proceed has been received and project activities are now due to commence.
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ACFN | Hot Stocks08:38 EDT CPower, OmniMetrix partner for standby generator customers - OmniMetrix announced a new partnership with CPower Energy Management, which will enable OmniMetrix standby generator customers to participate in electric grid relief "demand response" programs. Demand response rewards energy users who conserve energy or switch to standby generators to help grid operators or utilities meet periodic increases in electrical power demand. Across the U.S., CPower manages more than 5.3 GW of capacity for nearly 2,000 customers at more than 12,000 sites to help the grid when and where it's needed most through its demand response solutions. CPower's demand response solutions, enabled by OmniMetrix's wireless remote generator monitoring and control, will automatically shift the power load to enrolled customers' standby generators during peak demand hours, when the grid is stressed and energy prices are high, without any action on the part of the generator owner. In addition to the peace of mind standby generators provide by ensuring reliable power during extreme weather events, consumers are now able to be compensated for allowing their standby power generators to ease peak electrical demand through demand response. The partnership will also serve as a catalyst for dealers to offer new standby generators on significantly more favorable terms to energy users; these customers will get paid for their demand response participation and the energy their generator contributes for shifting their load
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NVIV | Hot Stocks08:37 EDT InVivo Therapeutics announces publication of 12-, 24-month data for INSPIRE 1.0 - InVivo Therapeutics announced the publication of a peer-reviewed manuscript in Neurosurgery describing the previously disclosed 12- and 24-month data from the Company's single-arm INSPIRE 1.0 Study. The publication is titled "Acute Implantation of a Bioresorbable Polymer Scaffold in Patients with Complete Thoracic Spinal Cord Injury: 24-Month Follow-up from the INSPIRE Study." Richard Toselli, M.D., InVivo's President and Chief Executive Officer, said, "In addition to the previous six-month publication covering INSPIRE 1.0 data in the Journal of Neurosurgery: Spine, we are pleased to see the evaluation of patient outcomes through the 24-month follow up visit. We are encouraged that these data support further evaluation of the investigational Neuro-Spinal Scaffold and its potential benefit to patients in the ongoing INSPIRE 2.0 Study." InVivo has officially closed the INSPIRE 1.0 study and recently completed enrollment into a second pivotal clinical study of the investigational Neuro-Spinal Scaffold in patients with acute SCI. InVivo anticipates presenting topline data from the INSPIRE 2.0 Study in first quarter of 2023.
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EVOK | Hot Stocks08:37 EDT Evoke Pharma extends cash runway into 2Q23 - As previously disclosed, in early May, the Company utilized its "at-the-market" program to raise proceeds of approximately $7.1 million, net of commissions and fees. This cash extends the Company's cash runway into the second quarter of 2023.
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EVOK | Hot Stocks08:36 EDT Evoke Pharma regains compliance with Nasdaq listing requirements - Evoke Pharma announced that it received written notice from the Listing Qualifications Department of the Nasdaq Stock Market stating that the Company has regained compliance with the Nasdaq minimum bid price continued listing requirement and the matter is now closed. The Company was previously notified by Nasdaq on December 29, 2021 that it was not in compliance with the minimum bid price requirement because its common stock had failed to maintain a minimum bid price of $1.00 or more for 30 consecutive business days. To regain compliance, the Company's common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days, which was achieved on June 6, 2022 subsequent to the Company's 1-for-12 reverse stock split.
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SYPR | Hot Stocks08:36 EDT Sypris Electronics multi-year award for electronic warfare system upgrade - Sypris Electronics, a subsidiary of Sypris Solutions, announced that it has recently received a multi-year, follow-on award from a U.S. DOD contractor to produce and test multiple power supply modules for the upgrade of the electronic warfare suite of an important U.S. fighter aircraft program. Production is expected to transition to full-rate production beginning in 2022. Terms of the agreement were not disclosed. The power supplies to be produced by Sypris will be incorporated into a suite that will replace the functionally obsolete self-protection system of existing aircraft. The upgrade is intended to significantly improve the aircraft's capability to autonomously and automatically detect, identify and locate radio frequency threats. Updating the electronic warfare suite is critical to the aircraft, which is scheduled to be in service through 2040.
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ALIM | Hot Stocks08:35 EDT Medical products administration group approves Alimera partner, Ocumension IND - Alimera Sciences announced that its partner, Ocumension Therapeutics received approval from the National Medical Products Administration for its IND application to begin the Phase III clinical study for fluocinolone acetonide intravitreal implant in support of a filing for marketing approval to treat diabetic macular edema in mainland China "We are very excited by the progress that Ocumension is making toward generating the data needed to seek approval in China for our intravitreal implant," said Rick Eiswirth, President and CEO of Alimera. "We look forward to the start of the trial and to the subsequent data." The IND application was for a randomized, multicenter Phase III clinical study of 0.19 mg Fluocinolone Acetonide Intravitreal Implant in the treatment of diabetic macular edema. The intent of the trial is to support a future NDA filing to gain marketing approval in the country with an equivalent indication to Alimera's U.S. indication .
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ALLO | Hot Stocks08:34 EDT Allogene Therapeutics granted RMAT designation for ALLO-501A - Allogene Therapeutics announced that the U.S. Food and Drug Administration granted Regenerative Medicine Advanced Therapy designation to ALLO-501A in relapsed/refractory LBCL.The RMAT designation was based on the potential of ALLO-501A to address the unmet need for patients who have failed other therapies. Results from the ALPHA2 study were presented at an oral session of the American Society of Hematology annual meeting in December 2021. Data support the potential of ALLO-501A to provide a safe and durable alternative to approved autologous CAR T therapies in CAR T naive patients. ALLO-501A was associated with consistent and manageable safety with no dose limiting toxicities or graft-vs-host disease and minimal Grade 3 Immune Effector Cell-Associated Neurotoxicity Syndrome, or Grade 3 cytokine release syndrome. There were no relapses observed in LBCL CAR T naive patients who were in a complete response at six months with the longest ongoing CRs with ALLO-501A at 15+ months. Nearly all enrolled patients were able to receive therapy with the median time from enrollment to initiation of treatment of two days in ALPHA2.
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AMWL | Hot Stocks08:34 EDT Amwell appoints Nelson as Chief Medical Officer - Amwell has named Dr. Carrie Nelson as its new Chief Medical Officer. In this role, Dr. Nelson will "focus on empowering provider and payer organizations as they seek to achieve greater clinical, operational, and financial outcomes through digital care delivery powered by Converge, Amwell's enterprise-grade infrastructure software platform," the company said. Dr. Nelson joins Amwell from Advocate Aurora Health where she most recently served as Senior Vice President and CMO for Population Health and Health Outcomes.
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GE | Hot Stocks08:31 EDT Orillia Soldiers' Memorial Hospital implements GE Healthcare's Encompass system - Orillia Soldiers' Memorial Hospital is implementing the first GE Healthcare Real Time Location System in Canada. Called Encompass, the equipment tracking system uses web-based and cloud-deployed technology to enable OSMH staff to locate and access the equipment they need. Healthcare assets are tagged with a Bluetooth Low Energy tracking beacon. Easier, faster access to equipment has the combined effect of improving patient experience and lowering equipment-related stresses for clinicians.
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HUMA | Hot Stocks08:31 EDT Humacyte presents new immunogenicity data on human acellular vessels - Humacyte presented data on more than 500 patients-years of exposure demonstrating the investigational Human Acellular Vessel HAV does not stimulate an increase in calculated panel reactive antibodies cPRA or show evidence of PRA sensitization following HAV implantation. The results are consistent with the absence of HAV rejection in the more than 470 patients implanted with the HAV. The data were presented today at the American Transplant Congress 2022 by Laura Niklason, M.D., Ph.D., Chief Executive Officer of Humacyte. Humacyte's HAVs are engineered replacement vessels designed to be durable, infection-resistant and off-the-shelf to address long-standing limitations in vessel tissue repair and replacement, including tissue incompatibility and rejection often seen with other biologic implants and synthetic grafts. Prior to tissue and organ transplantation, a routine immunologic measurement of PRA is conducted to estimate the risk of rejection. The formation of de novo PRA antibodies after an implant may indicate onset of rejection, and increases in PRA could hinder future organ transplantation. In a Phase 3 clinical study of patients with end-stage renal disease who received the HAV or a synthetic expanded polytetrafluoroethylene ePFTE arteriovenous AV graft for hemodialysis access, HAV patients exhibited fewer instances of sensitization than patients with the ePFTE graft, when measured at post-implantation screenings every six months up to 24 months. Additionally, data from more than 377 patients with more than 500 patient-years of exposure from Phase 2 and Phase 3 clinical trials indicate no overall evidence of PRA sensitization following implantation of the HAV.
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CPB | Hot Stocks08:30 EDT Campbell Soup says cash generation 'remains strong' - Expects "continued strong demand" for brands. Remains focused on inflation mitigation.
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IPVA | Hot Stocks08:30 EDT Getaround brings expanded carshare access to Seattle - Getaround announced that the company is expanding operations in the city of Seattle, Washington to increase residents' access to reliable transportation with expanded carsharing. The company has collaborated with the Seattle Department of Transportation, SDOT, to bring carshare vehicles to dedicated parking spaces across the city. "Car share is a proven solution to help achieve the city's goal of reducing drive alone trips. Data from our partnership with San Francisco Municipal Transportation Agency showed that 74% of trips were taken with more than one passenger. Getaround is looking forward to working with the city to provide additional mobility options for community members that have a positive impact on the environment," said Adrienne Moretz, Government Partnerships Manager, Getaround. On May 11, 2022, Getaround announced its entry into a definitive business combination agreement with InterPrivate II Acquisition Corp. Upon the closing of the business combination, which is expected in the second half of 2022, the combined publicly traded company will be named Getaround.
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ICNAF | Hot Stocks08:29 EDT Icanic Brands announces recapitalization transaction, support agreement - Icanic Brands Company is pleased to announce that it has entered into a Restructuring Support Agreement with certain holders of its 2019 Secured Convertible Debentures, to effect a proposed recapitalization transaction, and to announce a financing of approximately US$2.0 Million arranged by insiders of the Company. The Recapitalization Transaction is the next step in the combination and integration of the Icanic and LEEF organizations following the closing of the merger of the companies on April 21, 2022. The Recapitalization Transaction will reduce the Company's outstanding indebtedness and debt service costs, improve its overall capital structure and result in an enhanced financial foundation for the Company to allow it to move forward and execute upon its business plan. Assuming Completion of the Recapitalization Transaction, the Company's pro forma outstanding indebtedness will be reduced from US$14.5 Million to approximately US$10.9 Million and its annual interest expense savings will be approximately US$110 Thousand. Pursuant to the terms of the Restructuring Support Agreement, the Recapitalization Transaction will be implemented pursuant to arrangement proceedings under the British Columbia Business Corporations Act. The Recapitalization Transaction is expected to consist of the following key elements: The 2019 Secured Convertible Debentures, which matured on June 6, 2022, will be replaced with new 2022 Secured Convertible Debentures, as further described below; The 2019 Secured Convertible Debenture holders will receive, in cash, 25% of the aggregate of the principal and interest outstanding as at June 6, 2022; The 2019 Secured Debenture holders will receive the new 2022 Secured Convertible Debentures in an amount equal to 75% of the aggregate principal and interest outstanding as of June 6, 2022; The 2022 Secured Convertible Debentures will bear interest at an annualized rate of 11% per annum and will mature 24 months from the effective date of the Recapitalization Transaction; The 2022 Secured Convertible Debentures will be convertible into a Unit of the Company at a conversion price of CAD$0.10 per Unit, with each Unit being comprised of one common share of the Company and one warrant to purchase an additional common share of the Company at a price per share of CAD$0.15 for a period of 24 months from the date of conversion; and The Company will issue additional secured convertible debentures to insiders of the Company or certain strategic investors arranged by insiders of the Company on the same terms as the 2022 Secured Convertible Debentures for up to US$2.0 million. Subject to compliance with the Restructuring Support Agreement, holders of the 2019 Secured Convertible Debenture will forbear from exercising any rights or remedies in connection with any events of default under the 2019 Secured Convertible Debenture trust indenture.
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AWK | Hot Stocks08:28 EDT American Water subsidiary announces $1.4M in water main upgrades in Jefferson - Missouri American Water, a subsidiary of American Water, announced the start of construction to replace nearly 4,400 feet of aging water main, originally installed in the 1960s, along Moreland Avenue and Southwest Boulevard beginning mid-June to improve water service reliability for customers. "We're proactively investing to replace pipes that are reaching the end of their useful life to keep water flowing to our customers, to enhance fire flows for our local firefighters, and support the reliability of our water service year-round," said Brent Haas, Manager of Operations for Missouri American Water. The Moreland Avenue project consists of installing approximately 2,100 linear feet of 8-inch PVC pipe to replace the current 6-inch ductile iron pipe on Moreland Avenue from Moreau Drive to the end of the street.
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MICS | Hot Stocks08:27 EDT Singing Machine expands distribution in Australia, New Zealand - The Singing Machine Company announced that through its existing partnership with iWorld Australia, it is expanding the number of retail doors and e-commerce platforms that will be stocking Singing Machine products for holidays 2022.
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RAMP CRM | Hot Stocks08:27 EDT LiveRamp joins Salesforce AppExchange - LiveRamp (RAMP) announced it has joined the expanded Marketing Cloud Customer Data Platform ecosystem on Salesforce (CRM) AppExchange. "With the Customer Data Platform and LiveRamp's app coming soon to AppExchange, Salesforce customers will be able to enjoy enhanced reach and accuracy for all media activations. LiveRamp's RampID technology fully supports audience enrichment, targeting, measurement and optimization without sending PII to publishers, tech platforms, or data providers," the company said.
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SLS | Hot Stocks08:26 EDT Sellas shares data on 'increased survival' from study of galinpepimut-S/Opdivo - Sellas Life Sciences announced "encouraging" updated clinical data from a Phase 1 investigator-sponsored clinical trial of its lead clinical candidate, galinpepimut-S , combined with the checkpoint inhibitor nivolumab in patients with malignant pleural mesothelioma MPM who were either refractory to or relapsed after at least one line of the standard of care therapy. "Of additional importance is the fact that both trials addressed patients with bulky active disease, the setting in which other cancer vaccines have historically had very little effect. "This updated data is very encouraging, as it not only confirms our data reported in June 2021, but now reflects an increased survival benefit even though almost all additionally enrolled patients had Grade III and IV malignant mesothelioma," said Angelos Stergiou, M.D., Sc.D. h.c., President and CEO, SELLAS. "This increase in survival appears to be consistent with long term immunity-mediated antitumor effect with this immunotherapy combination and it reinforces the data we unveiled earlier this year from the Phase 1/2 clinical trial of GPS in combination with another checkpoint inhibitor, pembrolizumab, in relapsed and refractory ovarian cancer patients, in which GPS showed a superior disease control rate compared to that seen with checkpoint inhibitors alone."We believe that the results of both studies demonstrate the potential effectiveness of GPS as a combination therapy," concluded Dr. Stergiou.
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ATNX | Hot Stocks08:26 EDT Athenex appoints Darrel Cohen as CMO, cell therapy - Athenex announced the appointment of Darrel P. Cohen, MD, PhD as Chief Medical Officer of Cell Therapy to lead its clinical development, clinical operations, and regulatory affairs functions. He will be replacing Kurt Gunter, MD, who has decided to pursue other opportunities outside of cell therapy. Most recently, Dr. Cohen was Head of Clinical Development at EUSA Pharma then Chief Medical Officer at Biosight Pharmaceuticals, having been a principal investigator on several clinical trials in the past and co-authored numerous peer-reviewed publications.
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PEAR | Hot Stocks08:26 EDT Pear Therapeutics presents interim results from DREAM trial - Pear Therapeutics announced interim follow-up real-world data from DREAM, a remote, decentralized trial, that showed treatment with Somryst achieved significant reductions in symptoms of insomnia, anxiety and depression severity both immediately following treatment and six months later. The results were presented as a late-breaking poster at the 36th Annual Meeting of the Associated Professional Sleep Societies, APSS, known as "SLEEP 2022," held June 4-8, 2022 in Charlotte, North Carolina. Interim data from the DREAM study, a remote, virtual, open-label, decentralized clinical trial evaluating Somryst, analyzed in mid-Q1 2022. Data cutoff for this interim analysis was January 20, 2022. Results found that patients treated with Somryst for nine weeks with digitally delivered first-line guideline recommended cognitive behavioral therapy for insomnia was associated with a significant decrease in the symptoms of insomnia severity both immediately following treatment and six months later. Additionally, scores of depression and anxiety decreased significantly both immediately following treatment and at 6-month follow-up. Specifically, interim data showed participants treated with Somryst experienced the below improvements: Insomnia Severity Index, ISI, score: The ISI score at baseline among those with severe insomnia was 23.9, at end of treatment was found to be 14.5, and at 6 months 16.7. ISI is scored on a 0-28 scale. PHQ-8: The PHQ-8 score, a 0-24 scaled measure of depression severity, at baseline among those with severe depression was 21.4, at EOT was found to be 12.7, and at 6 months 12.3. GAD-7 scale: The GAD-7 score, a 0-21 scaled measure of anxiety severity, at baseline among those with severe anxiety was 17.6, and at EOT and at 6 months was found to be 10.8.
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RXDX | Hot Stocks08:25 EDT Prometheus completes APOLLO-CD Phase 2a study enrollment ahead of schedule - Prometheus Biosciences announced an enrollment update on the APOLLO-CD and ARTEMIS-UC trials. The company has completed enrollment for APOLLO-CD, a global Phase 2a study of PRA023 in Crohn's Disease and enrollment remains on track in the Phase 2 study of PRA023 for ARTEMIS-UC in ulcerative colitis with enrollment completion of cohort 1 expected in the third quarter of this year. Topline results from both APOLLO-CD and ARTEMIS-UC are expected in the fourth quarter of this year. With Enroll360, Prometheus has been building a global network of trial-ready sites where over 2,500 patients have already been genetically profiled and clinically characterized to determine their eligibility for Prometheus' current and future clinical trials. Prometheus plans to utilize this patient recruitment platform to accelerate patient identification and increase the rate of enrollment for the company's biomarker-guided clinical trials, starting with the expansion cohort of the ARTEMIS-UC Phase 2 study. The company also remains on track for implementing its subcutaneous formulation for registrational studies in UC and CD, with an industry-leading subcutaneous formulation of 200 mg/ml. This will potentially eliminate the conventional need to bridge with a pre-filled syringe. In the first quarter of this year, Prometheus initiated a subcutaneous bridging study by dosing Caucasian normal healthy volunteers with PRA023 to assess the bioavailability of the subcutaneous formulation. In addition, Prometheus also initiated dosing of healthy volunteers of Japanese descent with PRA023 as part of the bridging study to assess safety, tolerability, and pharmacokinetics.
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TRU CRM | Hot Stocks08:24 EDT TransUnion subsidiary joins Salesforce AppExchange - Neustar, a TransUnion (TRU) company, announced it has joined the expanded Marketing Cloud Customer Data Platform ecosystem on Salesforce (CRM) AppExchange, "empowering brands to understand their customers, drive personalization at scale, and unlock new opportunities that accelerate business growth," the company said. With the Customer Data Platform and Neustar Unified Identity for Salesforce CDP app coming soon to AppExchange, customers will be able to help marketers cleanse and enrich their consumer data to power more highly targeted advertising and more personalized content across channels.
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AERC | Hot Stocks08:22 EDT AeroClean appoints Jimmy Thompson as VP, strategic sales - AeroClean Technologies announces Jimmy Thompson has joined the Company as Vice President of Strategic Sales. The addition of Thompson to the AeroClean team is a strategic investment to support core business and revenue growth within targeted industry verticals. Along with driving sales initiatives, Thompson will also be focused on developing strategic distribution, reseller and channel partner relationships for AeroClean. As Vice President of Strategic Sales, Thompson will report directly to AeroClean CEO Jason DiBona, and will utilize his experience in the healthcare industry to build sales teams and develop market channels that strengthen the AeroClean brand and drive revenue growth. Thompson will focus on bolstering relationships with partners in the healthcare, commercial restoration, and sports and entertainment industries. Thompson has served many leadership roles in the healthcare industry and for the past 19 years at Cerner.
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CGRN | Hot Stocks08:22 EDT Capstone Green Energy secures two EaaS contracts totaling 6 MW - Capstone Green Energy Corporation's exclusive distributor for the Mid-Atlantic and Southeastern U.S. and the Caribbean, E-Finity Distributed Generation, has secured two new 36-month Energy-as-a-Service, EaaS, contracts with a cryptocurrency mining company looking to reduce its impact on the environment. This business expansion demonstrates progress on the Company's vision to create smarter energy for a cleaner future and builds on its track record of saving its customers an estimated $698 million in annual energy savings, and reducing CO2 emissions by an estimated 1,115,100 tons of carbon, in the past three years alone. "As an EaaS provider, Capstone Green Energy is focused on growing its energy asset management business, including our industry-leading Factory Protection Plan service offering, as well as our long-term on-site energy system rental business," said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. "Our EaaS business provides a lower cost and carbon footprint for on-site energy systems in energy-intense businesses like hospitality, commercial, industrial, cannabis, and more recently, bitcoin mining," added Jamison.
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CPB | Hot Stocks08:21 EDT Campbell Soup expects rising inflation across all input categories in Q4 - Expects environment to "remain challenging with ongoing margin pressure." Expects third wave of pricing to take effect going into 2023. Says underlying health of portfolio "remains strong." Says all key brands have grown consumption recently. Expects to see "ongoing share recovery." Says continues to shift marketing message to "more value." Says "very confident" in ability to achieve long-term objectives. Comments taken from Q3 earnings conference call.
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FSRD | Hot Stocks08:21 EDT Fast Radius in pact with medical equipment supplier TacMed on SOF Tourniquet - Fast Radius is working with TacMed, a leading supplier of emergency medical equipment, to produce a key component used in TacMed's SOF Tourniquet. The SOF Tourniquet is a pre-hospital emergency medical device that's used by military and front-line personnel around the world to stop bleeding from potentially life-threatening limb wounds. Leveraging Fast Radius' Cloud Manufacturing Platform to rapidly scale production of a critical Tourniquet part, TacMed is able to meet increasing demand for the product in response to the conflict in Ukraine, overcoming bottlenecks within the global supply chain. "With the conflict in Ukraine, coupled with disruptions in the supply chain, we're seeing unprecedented demand for our SOF Tourniquet product," said Katie Hembree, Director of Operations at TacMed. "Our traditional supplier was unable to meet our increase in demand, which is where Fast Radius stepped in to quickly help us produce critical components of the Tourniquet. Specifically, we've benefited from Fast Radius' manufacturing expertise and network of certified suppliers, allowing us to rapidly make quality parts, meet the spike in demand, and get the end product into the hands of front-line workers around the world."
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ADXS | Hot Stocks08:21 EDT Advaxis announces upcoming milestones - Upcoming milestones: Present additional clinical and immune correlative data from Phase 1/2 clinical trial of ADXS-503; Present initial clinical and biomarker date from Phase 1 clinical trial of ADXS-504.
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ADXS | Hot Stocks08:20 EDT Advaxis sees cash runway into 2Q24 - As of April 30, 2022, the Company had approximately $32.1 million in cash and cash equivalents.
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AREN | Hot Stocks08:20 EDT Arena Group set to join Russell 3000, Russell 2000, Russell Microcap Indexes - The Arena Group Holdings is set to join the Russell 3000, the Russell 2000 and the Russell Microcap Indexes 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. "Being added to the Russell indexes is a significant achievement, following the successful listing on the NYSE American," commented Ross Levinsohn, Chairman and Chief Executive Officer of The Arena Group. "We believe our inclusion in the indexes will improve visibility and trading liquidity, exposing us to new institutional investors."
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HMSVF | Hot Stocks08:19 EDT Homeserve announces acquisition of Taylor Heating - HomeServe USA announced the acquisition of Taylor Heating. One of two of founder Robert Taylor's successors, co-owner Tony DiCiacce, has been at the helm since acquiring the company in 2006. DiCiacce is taking a step back as President and settling into the new role of Senior Advisor. Co-owner Aurel Cournoyer will maintain his long-standing role as Service Manager. "Taylor Heating has been diligently serving Rochester residents for over seven decades, making it one of our longest-standing acquisitions to date," commented Deb Dulsky, Global Managing Director, HVAC at HomeServe. "They have made it clear that they match HomeServe's commitment to putting the customer at the heart of everything they do. We are thrilled to welcome them into the family, and excited to see them grow in this next chapter."
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WEJO | Hot Stocks08:17 EDT Wejo added to membership of Russell 3000 Index - Wejo Group has been added as a member of the Russell 3000 Index, effective after the US market opens on June 27, as part of the 2022 Russell indexes reconstitution. "We are thrilled to be added to the Russell 3000(R) Index, which is another significant milestone for Wejo as a public company," said Richard Barlow, Wejo's Founder and CEO. "As we continue to deliver Smart Mobility for Good to the global marketplace, this important development is a credit to the dedicated and innovative people of Wejo who are transforming data from connected, electric, and autonomous vehicles into products and solutions that unlock value for our customers and deliver on sustainability goals for our partners."
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BNGO | Hot Stocks08:17 EDT Bionano Genomics publishes study using OGM to investigate inversions - Bionano Genomics announced the publication of a multi-platform study using OGM in combination with other cytogenetic technologies as a comprehensive strategy to investigate inversions that may lead to genetic disorder. This study, published in the journal Cell, analyzed inversions using various methods, including OGM. The study reported that 80% of the larger inversions that were detected were balanced and affected twice as many nucleotides overall as copy number variations-CNVs. The researchers noted that these inversions can be associated with rare genomic rearrangements found in pediatric autism, developmental delay, and epilepsy. In the study, researchers analyzed 41 unrelated human samples representing 729 inversion sites for recurrent inversion formation using complementary genomic approaches, including single-cell template strand sequencing long-read sequencing, and OGM. Using this multi-platform method, researchers found 40 recurrent inversions that encompassed 0.6% of the genome, showing that recurrent inversions can be co-localized with genomic disorder regions.
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FISV | Hot Stocks08:16 EDT Fiserv adds more digital payment choice for businesses using Carat - Fiserv has expanded the portfolio of payout options available to businesses using its Carat operating system to include digital checks. Enabled in collaboration with Checkbook, an all-in-one push-payments processor, this new capability "allows businesses that deliver mass payouts to offer additional choice, speed the delivery of funds to customers, and reduce operational costs associated with paper checks," the company said. "While digital payouts have grown in popularity in the last five years, a large proportion of payouts are still issued via paper check, either because customers prefer checks, or they meet specific payment needs," said Robert Clayton, vice president of Digital Payouts at Fiserv. "Our collaboration with Checkbook to digitize check payouts will allow our clients to create better payout experiences for their check-preferred customers and capitalize on the speed and efficiency of digital payments."
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VRA | Hot Stocks08:16 EDT Vera Bradley reducing cost structure, targeting annual savings $15M-$25M - CEO Rob Wallstrom said, "For the balance of the year, we are taking decisive actions to strengthen the enterprise and remain highly focused on our two core brands. On a Company-wide basis, we are: Meaningfully reducing our cost structure, targeting annual savings of $15 to $25 million. Continuing to evaluate and execute strategic price increases for both brands to offset rising raw material and freight costs, as appropriate. At the Vera Bradley brand, we remain confident in our core strategy, by continuing to: Innovate and build on our lifestyle merchandising strategy, with a laser focus on protecting the core, amplified by targeted marketing, by: Maximizing the travel category, which is nearly back to pre-pandemic levels. Optimizing back-to-campus opportunities, with strategic assortment enhancements. Continuing with successful product collaborations like Disney and adding new iconic partnerships including Star Wars, Coleman, and Tupperware. Expanding our footwear and home assortments this fall and holiday season. At Pura Vida, we are focused on returning the brand to long-term growth. Our newly-hired Chief Growth Officer and Pura Vida leadership team will work to build a more diverse, innovative, effective, and performance-based marketing program by bolstering our internal marketing and data analytics talent and platform. We will open three additional retail store locations, building on the success of the first store opening in San Diego in 2021. Since opening, we continue to experience a double-digit differential in our San Diego ecommerce business relative to the rest of the country, demonstrating the power a retail presence has in driving digital sales, omni-channel loyalty, and spending. Stores will play a key role in driving new customer acquisition as we continue to diversify our marketing platforms. We will build customer excitement and engagement through collaborations like Disney and Hello Kitty, partnering with key influencers, and offering themed-collections centered around key events. We are preparing for the macro environment to remain challenging through the remainder of this year and into next year. And, despite the strength in Pura Vida's store business and opportunity for new store growth, we know that it will take time to return the ecommerce business to growth as rebuilding the marketing platform and remixing the marketing program is underway. We are taking decisive actions that will further strengthen both core brands and our enterprise as a whole, not only to successfully manage through this period but position us for the future. Our teams are focused, and our cash position and balance sheet remain strong. We have successfully managed through challenging business cycles before, and I am confident we will manage through this period as well. We look forward to returning both brands to steady growth."
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RDUS | Hot Stocks08:15 EDT Radius Health says three additional market agreements signed and executed - Radius Health provided an update on the global business expansion of TYMLOS, abaloparatide, subcutaneous injection. Radius has entered into agreements with the following companies and markets for TYMLOS: Labatec Pharma SA: Switzerland and the MENA region including Bahrain, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, UAE, Algeria, and Morocco; Pharmbio Korea Inc.: South Korea; Biosidus: Colombia, South America. These agreements add 13 new countries to the current non-US countries of Japan, partnered with Teijin Pharma Limited, and Canada, partnered with Paladin Labs In accordance with the terms of the agreements, each company will register, commercialize, and distribute TYMLOS on an exclusive basis in their respective territories. These counterparties will be responsible for all commercial activities related to TYMLOS including sales, marketing, medical affairs, pricing, and reimbursement. Radius will be responsible for supplying the drug to each company. Radius will receive upfront payments, regulatory and commercial milestones, and a portion of the total consideration as part of the Cost of Goods Sold or COGS. The EU and subsequently the UK regulatory decisions are on track for the second half of this year. "We will provide further updates on our EU and UK business development efforts as well as the expected Q1 2023 TYMLOS male launch in the US, as appropriate," added the company statement.
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DNUT | Hot Stocks08:14 EDT Krispy Kreme promotes Charlesworth to Global President, COO - Krispy Kreme announced that Josh Charlesworth has been promoted to Global President and Chief Operating Officer, COO. The Company has engaged a search firm to identify Krispy Kreme's next Chief Financial Officer and Charlesworth will remain in the role until a successor is hired. Charlesworth will continue to report to Mike Tattersfield, President and Chief Executive Officer. Additionally, Andrew Skehan, President of North America, has informed the Company of his intention to leave Krispy Kreme in August to accept a Chief Executive Officer role at another organization. Andrew's current responsibilities will be assumed by several members of the Company's leadership team who have deep experience in and knowledge of the business operations.
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VRTX | Hot Stocks08:13 EDT Vertex Pharmaceuticals announces VX-147 granted BTD by US, PRIME by EMA - Vertex Pharmaceuticals announced the U.S. Food and Drug Administration, FDA, has granted inaxaplin, VX-147, Breakthrough Therapy Designation, BTD, for APOL1-mediated focal segmental glomerulosclerosis and the European Medicines Agency, EMA, has granted inaxaplin Priority Medicines, PRIME, designation for APOL1-mediated chronic kidney disease. Inaxaplin is the first investigational therapy aimed at treating the underlying cause of AMKD. Vertex now holds three of the approximately 70 non-oncological PRIME designations granted to date, including its two PRIME designations for exagamglogene autotemcel, formerly known as CTX001, one for transfusion-dependent beta thalassemia and one for sickle cell disease. In the US, this is the ninth breakthrough therapy designation granted to Vertex across its portfolio programs.
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OCUP | Hot Stocks08:13 EDT Ocuphire Pharma to present interim masked safety data for oral APX3330 - Ocuphire Pharma announced an oral presentation by key thought leader David Boyer, M.D. at the 45th Annual Macula Society Meeting, which will take place in Berlin, Germany from June 8-11, 2022. In addition, Mina Sooch, CEO and founder of Ocuphire Pharma, will participate in a virtual ophthalmology panel discussion hosted by Cantor Fitzgerald today, June 8th, at 10am EDT. "APX3330 is a novel non-invasive oral therapy, which if approved, has the potential to address the large unmet needs in diabetic retinopathy patients and other diabetes-related complications," said David Boyer, MD, Senior Partner at Retina-Vitreous Associates Medical Group, Medical Adviser to Ocuphire, and Investigator in the ZETA-1 trial. "The ongoing ZETA-1 Phase 2b trial is expected to provide valuable insights into the drug's safety and efficacy in diabetics. In February 2022, I presented early masked safety data from the trial at the Bascom Palmer Eye Institute Angiogenesis 2022 conference, which demonstrated a favorable safety and tolerability profile similar to 11 prior trials in non-ophthalmic indications. Now, with 70% of subjects through 12 weeks or more of the 24-week trial, I am excited to present new favorable and consistent safety data to an international audience at the Macula Society Meeting. Ocuphire continues to make an impression on the retinal community through numerous abstract presentations at major medical conferences."
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BTOG | Hot Stocks08:12 EDT Bit Origin to add 1,000 mining spots with three megawatts of power - Bit Origin announced that the Company has finished all due diligence work and entered into a strategic hosting service agreement 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. It is expected to produce approximately 12.66 BTCs per month for the Company when all miners are deployed in mid-June 2022 as scheduled. Pursuant to the Agreement, YCI agrees to provide Bit Origin with 1,000 hosting spots, providing approximately 100 PH/s at full capacity. The Agreement is effective as of June 8, 2022, and shall remain in force for one year. YCI also agrees to offer the Company renewal option to extend the term of the Agreement to a new specific date upon written mutual agreement.
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SRT | Hot Stocks08:11 EDT StarTek partners with Genesys for advanced experience orchestration capability - Startek announced that it has partnered with Genesys to further enhance its delivery of omnichannel solutions. As part of this partnership, Startek will combine human-centered AI and its 43,000 agents across the globe with Genesys technology to enable businesses to orchestrate flexible and scalable customer experiences. "Combining the Genesys technology with the insights it derives from the 500 million customer interactions it delivers annually, will enable Startek to expand its unified communications and collaboration solutions, deliver faster and more personalized experiences for customers and engage agents through more intuitive experiences," the company said. "By combining the power of people, technology and data insights, Startek builds empathy into every customer interaction," said Abhinandan Jain, Chief Digital Officer at Startek. "Genesys aims to make effortless experiences possible through their technology, and our shared focus on empathy as the differentiator in world-class CX makes our partnership a natural fit."
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APLD | Hot Stocks08:11 EDT Applied Blockchain announces 5% reduction in outstanding common shares - Applied Blockchain provided an update on the status of shares owned by Xsquared Holding Limited . On March 19, 2021, Applied Blockchain entered a Services Agreement by and among the Company, GMR Limited, SparkPool and Valuefinder, which stipulates that SparkPool provide certain services to Applied Blockchain and that the Company compensate SparkPool with 7,440,148 shares of Applied Blockchain common stock. The crackdown on cryptocurrency operations in China prompted SparkPool to cease their operations and services to the Company during the remainder of the term of the Agreement, and accordingly SparkPool has forfeited and returned to the Company for cancellation 4,965,432 shares of Applied Blockchain common stock.
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BCAC KLDO | Hot Stocks08:10 EDT Apexigen appoints William Duke as CFO - Apexigen announced the appointment of William Duke as CFO, effective immediately. Duke joins Apexigen from Kaleido, where he served as CFO and was instrumental in leading the successful completion of financings totaling $115 million.
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PHM | Hot Stocks08:09 EDT PulteGroup releases 2021 ESG report - PulteGroup announced the release of its 2021 Environmental, Social and Governance, ESG, Report. PulteGroup's latest sustainability report provides a comprehensive review of the company's environmental, diversity and inclusion, workplace culture, community engagement, and governance practices. "As one of the nation's largest homebuilders, we recognize and embrace our role in building a better future, along with our responsibility to improve the policies, standards and practices that guide how we operate our business," said Ryan Marshall, PulteGroup President and Chief Executive Officer. "PulteGroup's 2021 ESG report reflects our commitment to running a more sustainable business and to increasing transparency through greater disclosure of key operating and performance metrics."
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C | Hot Stocks08:08 EDT LiquidX announces strategic investment by Citi - LiquidX announced a strategic investment from Citi. The funding round was led by Broadridge, LiquidX's largest strategic investor. The investments underscore LiquidX's position as the industry's leading innovator in supply chain digitization and automation, which will deliver transformative efficiencies and value to all commercial users of the platform. LiquidX technology solutions, led by its pioneering InBlock technology platform, revolutionize the way that trade assets are managed across their entire life cycle.
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NICE | Hot Stocks08:08 EDT Nice Actimize Xceed AI cloud platform chosen by American State Bank - NICE Actimize confirmed that American State Bank, a Texas-based financial institution, has selected NICE Actimize Xceed, an all-in-one AI fraud and anti-money laundering platform, to drive the financial institution's restructured financial crime strategy. From real-time onboarding through transaction monitoring, American State Bank will leverage the full Xceed FRAML solution. Xceed FRAML includes the Xceed AML Evidence Lake for AML, a modern anti-money laundering solution and Xceed AI & Behavioral Analytics Omnichannel Fraud Prevention. "By providing a single platform leveraging AI, data intelligence and behavioral analytics, NICE Actimize Xceed provides mid-sized financial institutions with superior financial crime and compliance risk management," said Craig Costigan, CEO, NICE Actimize. "We look forward to supporting American State Bank's new financial crime management platform and its future growth in the market."
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GREE BTC | Hot Stocks08:07 EDT Greenidge Generation provides May 2022 operational update - Greenidge Generation (GREE) provided an operational update for May 2022. During May, Greenidge produced approximately 195 bitcoins (BTC). As of May 31, 2022, Greenidge had approximately 1.7 EH/s of mining capacity from approximately 20,400 miners. Approximately 25% of the capacity was located at Greenidge's facility in Spartanburg, SC which was acquired and commenced operations in December 2021.
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AGTC | Hot Stocks08:07 EDT Applied Genetic names Eduardo Jacobos SVP Clinical Research & Medical Affairs - Applied Genetic Technologies announced the appointments of Eduardo Jacobo, P.E., as Senior Vice President of GMP Manufacturing, and Dr. David Jacobs, MD, MBA, FACP, as Senior Vice President of Clinical Research and Medical Affairs. Eduardo Jacobo has over 30 years of experience in the healthcare industry, spending much of his time leading manufacturing, supply chain, quality, engineering, and process development functions. Eduardo comes to AGTC from Sangamo Therapeutics, where he led good manufacturing practice gene therapy manufacturing efforts, including new facility commissioning. Prior to this, he held positions of increasing responsibility across many manufacturing programs at several companies, including Amgen, Eli Lilly and Zimmer. Dr. David Jacobs is a highly regarded clinician and pharmaceutical executive who brings over 20 years of experience spanning all aspects of biopharmaceutical product development.
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OLK | Hot Stocks08:07 EDT Olink, Ultima Genomics collaborate on solution for high-throughput proteomics - Olink Holding and Ultima Genomics announced that they have entered into a collaboration to enable the use of the Olink Explore high-throughput proteomics platform with Ultima's sequencing architecture. Ultima Genomics and Olink are working towards a seamless pairing of the existing Olink Explore assay and Ultima Genomics' sequencing system, and are collaborating with joint customers to enable larger-scale projects. The companies expect this will be accomplished by offering Ultima-specific library modules, along with an Olink-provided data analysis solution. Initial proof of concept data gathered by the companies shows similar performance to the existing Explore assay, signaling its potential for high-throughput proteomics customers. Additional information will be provided by Ultima during a panel discussion today, June 8th, at the Advances in Genome Biology and Technology general meeting in Orlando, Florida.
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XP ITUB | Hot Stocks08:06 EDT XP announces share purchase agreement with Itau Unibanco - XP (XP) announced that it has signed a share purchase agreement with Itau Unibanco (ITUB). Under this agreement, XP will purchase 1,056,308 outstanding Class B common shares from Itau Unibanco, equivalent to approximately $24M, or U$22.65 per share - the same price for which Itau Unibanco sold 6,783,939 Class A shares on June 7th, 2022. XP should utilize its existing cash to fund this share repurchase and the shares should be held in treasury. This transaction is not part of the Share Repurchase Program announced by XP on May 11th, 2022.
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WSTG | Hot Stocks08:05 EDT Climb Channel Solutions enters partnership with Hammerspace - Climb Channel Solutions announces partnership with Hammerspace, storageless data for hybrid IT environments to efficiently provide a hybrid cloud data platform as a fully automated consumption-based resource.
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ZTS | Hot Stocks08:05 EDT Zoetis releases 2021 Sustainability Progress Update - Zoetis published its 2021 Sustainability Progress Update describing the company's progress toward achieving its Driven to Care long-term sustainability aspirations and continued disclosure on environmental, social and governance, ESG, topics. The report highlights the company's journey to champion a healthier, more sustainable future through specific actions that support Communities, Animals and the Planet. These commitments build on Zoetis' purpose and help achieve the United Nations' Sustainable Development Goals, SDGs.
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MFGCF | Hot Stocks08:04 EDT Mayfair Gold reports results from Fenn-Gib expansion drill program - Mayfair Gold announced further results from the Fenn-Gib expansion drill program, which is focused outside of the current conceptual pit-constrained resource. Mayfair's 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI43-101 Indicated Resource of 2.08M ounces with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 kilometers and up to 300 meters wide at the west end. Mayfair Gold President and CEO Patrick Evans commented: "Mayfair's expansion drill program continues to produce excellent results from areas outside the current resource. This increases our confidence in the resource upside potential. Fenn-Gib is a large, robust gold system that has significant potential for growth. We are rapidly approaching the end of our planned 80,000m drill program and remain on track to report a resource update in Q3." Highlight drill results include: FG21-190 intersected 0.59 grams/tonne gold over 158.0m, including 1.07 g/t Au over 34.0m; FG21-216 intersected 0.64 g/t Au over 102.0m; FG21-217C intersected 0.77 g/t Au over 184.5m, including 0.98 g/t Au over 62.0m, and also including 1.31 g/t Au over 18.8m; and FG22-223 intersected 1.21 g/t Au over 112.1m, including 3.04 g/t Au over 31.5m. The latest drill results continue to intersect significant gold mineralization building on the previously reported Fenn-Gib Expansion Zone results, including: hole FG21-148, which intersected 101.0m at a grade of 0.88 g/t Au hole FG21-149, which intersected 101.9m at a grade of 0.75 g/t Au; hole FG21-150, which intersected 65.5m at a grade of 1.18 g/t Au; hole FG21-153, which intersected 233.0m at a grade of 1.05 g/t Au; FG21-206, which intersected 0.93 g/t Au over 134.2m; and hole FG21-213, which intersected 1.02 g/t Au over 92.7m.
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BTBT | Hot Stocks08:04 EDT Bit Digital reports May bitcoin production - Bit Digital reported its unaudited bitcoin production and corporate updates for May. In May 2022, the company earned 53.4 bitcoins and 27.0 ETHs. Treasury holdings of BTC and ETH were 793.6 and 316.1, with a fair market value of approximately $25.2M and $0.6M, respectively, on May 31. The company owned 33,376 bitcoin miners and 731 Ethereum miners as of May 31, with an estimated maximum total hash rate of 2.17 EH/s and 0.3 TH/s, respectively. Miner Deployments. During the month of May and subsequent to month-end, the company continued to work with our hosting partners to deploy miners. 17.9% of our currently-owned fleet, or 6,114 bitcoin miners and 0 Ethereum miners representing 0.352 Exahash and 0.0 Terahash respectively, was deployed in North America as of May 31.
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BEEM | Hot Stocks08:04 EDT Beam Global announces continued growth in repeat orders in Q2 - Beam Global announced continued growth in repeat orders, multiple-unit orders and enterprise customer orders during the 2nd quarter of 2022, demonstrating market momentum for EV ARC sustainable EV charging systems across government and enterprise. "On the heels of a record Q1, we have a solid mix of new EV ARC orders thus far this quarter from both new and repeat customers, and the majority of these customers are placing multi-unit orders, demonstrating the increasing adoption and demand we expect to see throughout 2022," said Beam Global CEO Desmond Wheatley. "We are also seeing the return of enterprise customers with nearly 40% of new orders so far this quarter from non-government customers. I believe this combination bodes well for continued growth in 2022." Orders and deployments thus far in Q2 span 12 states, including the two new states of New Jersey and Illinois, bringing the total to 31 states in the US where EV ARC systems are deployed. EV ARC sustainable EV charging systems generate and store their own electricity, and deliver that energy to any quality brand charger the customer chooses. Because the EV ARC is off grid, it requires no permitting, no electrical work, no construction and no utility bill. Customers can continue to charge during grid outages, inclement weather and emergencies, and can offer EV charging in locations without sufficient circuitry to support EV charging.
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UAL | Hot Stocks08:03 EDT United Airlines announces nonstop service between San Francisco and Brisbane - United announced year-round, nonstop service between San Francisco and Brisbane, becoming the first U.S. airline to add a new transpacific destination to its global network since the start of the pandemic. From Brisbane, United customers will be able to easily connect to nearly 20 other cities within Australia thanks to the airline's new partnership with Virgin Australia. United was the only carrier to maintain passenger service between Australia and the U.S. during the pandemic.
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VZ | Hot Stocks08:02 EDT Verizon celebrates 10 years of Verizon Innovative Learning - Verizon is celebrating 10 years of its education initiative focused on addressing barriers to digital inclusion: Verizon Innovative Learning. Over the last decade, working through nonprofit partners, Verizon Innovative Learning has committed $1 billion in market value to support digital equity and inclusion within education for some of the most vulnerable populations across the country. This effort is part of Citizen Verizon, the company's responsible business plan for economic, environmental and social advancement; which is underpinned by using leading edge technology to drive social impact and create lasting change. To mark a decade of dedication to the education community, and to honor the resilience of teachers at the end of another challenging school year, Verizon is proud to support the first-ever TIME Innovative Teachers Project. Chosen by a team of editors at TIME, the list profiles 10 teachers who are changing the landscape of education in America through innovation.
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APD | Hot Stocks08:02 EDT Air Products awarded long-term hydrogen, nitrogen supply Indian Oil agreement - Air Products signed a long-term supply agreement with Indian Oil, India's flagship national oil company. Air Products will build, own and operate a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL's Barauni Refinery in Bihar, India. The new industrial gas complex will aid IOCL's capacity expansion from six to nine million tonnes per annum. Air Products expects the new industrial gas complex for IOCL to come onstream in 2024. Once completed, the Barauni project will be Air Products' second BOO project in India.
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DTEA | Hot Stocks08:01 EDT DavidsTea celebrates National Iced Tea Day - DAVIDsTEA is excited to announce their celebration of the upcoming National Iced Tea Day on June 10 with their "Ice Up Your Life Event." Fans are invited to enter an exciting giveaway and take advantage of special promotions that will be available each day until June 12 at all 18 DAVIDsTEA flagship stores across Canada, and online at davidstea.com.
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KIND | Hot Stocks07:51 EDT Nextdoor director buys $19.43M in common stock - In a regulatory filing last night, Nextdoor disclosed that its director David Sze bought 5.8M shares of common stock on June 3rd in a total transaction size of $19.43M. Shares of Nextdoor are up 4.8% in pre-market trading.
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DAKT | Hot Stocks07:50 EDT Daktronics expects volatile supply chain, labor conditions to persist - CEO Reece Kurtenbach said, "We expect dynamic and volatile supply chain and labor conditions to persist at least through the calendar year. As the environment evolves, we plan to adjust and adapt our pricing and our production schedules to best serve our customers. Our focus remains on strategically investing in new technologies and solutions, resilient supply chains, production capacity, and growing and serving our existing and new customers and markets. These strategies position us for long-term growth and increasing value for our stakeholders."
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CF | Hot Stocks07:49 EDT CF Industries to shut one of its U.K. manufacturing facilities - The company states: "Global nitrogen industry conditions are expected to remain challenging for nitrogen producers in the UK and Europe. The cost of producing nitrogen fertilisers is highly dependent on the cost of natural gas, which is the principal raw material and primary fuel source used in the ammonia production process for manufacturing facilities in the region. For many producers globally, more than 70% of the total cost to produce ammonia is from the cost of natural gas. Natural gas forward curves suggest that nitrogen facilities in the UK and Europe will be the world's high-cost marginal producers for the foreseeable future, presenting a constant challenge to the sustainability of current operations. Operations at both the Billingham and Ince manufacturing facilities were halted in September 2021 due to high natural gas prices that made production at the sites unprofitable. The Billingham manufacturing facility was subsequently restarted that month following an interim agreement reached with the UK government to cover the costs associated with restarting the ammonia plant to produce CO2 for the UK market. Since September 2021, no redundancies have been made at the business and all CF Fertilisers UK employees have been paid full salaries and bonuses, with payroll-related expenses totaling approximately GBP 35 million during that time, several times larger than the government support provided. Against this backdrop, a strategic review was recently completed that confirmed additional challenges facing the business. The Company's AN fertiliser sales volumes to domestic customers have fallen by nearly 30 percent since the 2017-18 season due to intense competition from lower-cost imports. As a result, when both plants are producing AN even at minimum levels, the Company has not been able to profitably sell the entire volume domestically over the last four years. This has caused CF Fertilisers UK to increasingly turn to exporting at unsustainably low margins in order to continue to operate both facilities. As carbon costs continue to increase substantially in the UK, the Company expects that its production will be placed at an even larger competitive disadvantage against imports without a carbon border adjustment mechanism to ensure a level playing field. As a result of the strategic review, CF Fertilisers UK believes that only one manufacturing facility is needed to fulfill the domestic demand it has been serving. In this scenario, the Company expects Billingham to be best positioned for the longer-term."
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BDR | Hot Stocks07:47 EDT Blonder Tongue Laboratories releases Clearview HEVC video transcoder - Blonder Tongue announced the release of their new Clearview HEVC advanced IP video transcoder for use by broadcasters, satellite and cable television service providers currently in the process or planning a transition to the latest MPEG HEVC/H.265 international standard for video compression. The Clearview HEVC allows those broadcasters and service providers a cost-effective path to support all end customers requiring digital television or set-top box compatibility formats and resolutions, or for use in re-broadcast architectures, headends, and central offices.
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J | Hot Stocks07:46 EDT Jacobs awarded $302M rail contract in Singapore - Jacobs has been appointed as the design consultant for the design and construction of the Tavistock Station and Tunnels, as part of the Cross Island Line Phase 1 project in Singapore. The contract is valued at approximately $302M and comprises the design and construction of the underground station, bored tunnels, launching shaft for tunnel boring machines and associated building services. Jacobs will work with Sato Kogyo, which was awarded the contract by Singapore's Land Transport Authority, to provide civil, structural and architectural design services and maintain critical oversight through to the construction of the project. Construction for Tavistock station began in May with passenger service for Cross Island Line Phase 1 slated to commence in 2030.
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MRNA | Hot Stocks07:44 EDT Moderna announces clinical data on mRNA-1273.214 Covid booster candidate - Moderna announced new clinical data on its Omicron-containing bivalent COVID booster candidate, mRNA-1273.214, containing mRNA-1273 and a vaccine candidate targeting the Omicron variant of concern. A 50 microgram booster dose of mRNA-1273.214 met all pre-specified endpoints including superior neutralizing antibody response against the Omicron variant one month after administration when compared to the original mRNA-1273 vaccine.The booster dose of mRNA-1273.214 was generally well-tolerated, with side effects comparable to a booster dose of mRNA-1273 at the 50 microgram dose level. mRNA-1273.214 met all primary endpoints in the Phase 2/3 trial including neutralizing antibody response against Omicron when compared to a 50 microgram booster dose of mRNA-1273 in baseline seronegative participants. Pre-specified criteria for superiority as measured by neutralizing geometric mean titer ratio with the lower bound of the confidence interval greater than1 was met. The GMR and corresponding 97.5% confidence interval was 1.75. A booster dose of mRNA-1273.214 increased neutralizing geometric mean titers against Omicron approximately 8-fold above baseline levels. Primary endpoints of non-inferiority against ancestral SARS-CoV-2 were also met, with GMR against ancestral SAR-COV-2 of 1.22. Among seronegative participants one month after administration, the neutralizing GMT against ancestral SARS-CoV-2 for mRNA-1273.214 was 5977, compared to GMT for mRNA-1273 of 5649. The GMT against Omicron for mRNA-1273.214 was 2372, compared to GMT for mRNA-1273 of 1473. Binding antibody titers were also significantly higher against all other variants of concern for mRNA-1273.214 when compared to mRNA-1273. The mRNA-1273.214 50 undefined booster dose was well-tolerated in the 437 study participants. The safety and reactogenicity profile of the mRNA-1273.214 50 undefined booster dose was similar to that of mRNA-1273 50 undefined dose when these vaccines were administered as a second booster dose. In February 2021, Moderna announced its strategy to update booster candidates to address the ongoing evolution of the SARS-CoV-2 virus, including monovalent and bivalent candidates targeting multiple variants of concern. The Company's primary focus has been on the bivalent booster approach, which are boosters that address two viral strains simultaneously. Results from the Company's Beta-containing bivalent booster candidate, mRNA-1273.211, announced in April 2022, demonstrated superiority against Beta, Delta and Omicron variants of concern one month after administration, with continued superiority that was durable against Beta and Omicron variants of concern six months after administration. Given the significantly higher antibody titers induced by mRNA-1273.214 compared to mRNA-1273, Moderna anticipates that antibody titers induced by mRNA-1273.214 will be more durable over time against Omicron as compared to mRNA-1273. Moderna will report data from Day 91 after vaccination later in the summer. Moderna is planning to submit the interim analysis and data to regulators for review in the coming weeks.
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MRNA | Hot Stocks07:44 EDT Moderna reports mRNA-1273.214 showed superior antibody response against omicron - Moderna announced new clinical data on its Omicron-containing bivalent COVID booster candidate, mRNA-1273.214, containing mRNA-1273 and a vaccine candidate targeting the Omicron variant of concern. A 50 microgram booster dose of mRNA-1273.214 met all pre-specified endpoints including superior neutralizing antibody response against the Omicron variant one month after administration when compared to the original mRNA-1273 vaccine. The booster dose of mRNA-1273.214 was generally well-tolerated, with side effects comparable to a booster dose of mRNA-1273 at the 50 microgram dose level. mRNA-1273.214 met all primary endpoints in the Phase 2/3 trial including neutralizing antibody response against Omicron when compared to a 50 microgram booster dose of mRNA-1273 in baseline seronegative participants. Pre-specified criteria for superiority as measured by neutralizing geometric mean titer ratio with the lower bound of the confidence interval greater than1 was met. The GMR and corresponding 97.5% confidence interval was 1.75. A booster dose of mRNA-1273.214 increased neutralizing geometric mean titers against Omicron approximately 8-fold above baseline levels. Primary endpoints of non-inferiority against ancestral SARS-CoV-2 were also met, with GMR against ancestral SAR-COV-2 of 1.22. Among seronegative participants one month after administration, the neutralizing GMT against ancestral SARS-CoV-2 for mRNA-1273.214 was 5977, compared to GMT for mRNA-1273 of 5649. The GMT against Omicron for mRNA-1273.214 was 2372, compared to GMT for mRNA-1273 of 1473. Binding antibody titers (MSD) were also significantly higher against all other variants of concern - Alpha, Beta, Gamma, Delta, Omicron - for mRNA-1273.214 when compared to mRNA-1273. The mRNA-1273.214 50 undefined booster dose was well-tolerated in the 437 study participants. The safety and reactogenicity profile of the mRNA-1273.214 50 undefined booster dose was similar to that of mRNA-1273 50 undefined dose when these vaccines were administered as a second booster dose. "We are thrilled to share the preliminary data analysis on mRNA-1273.214, which is the second demonstration of superiority of our bivalent booster platform against variants of concern and represents an innovation in the fight against COVID. Looking at these data alongside the durability we saw with our first bivalent booster candidate, mRNA-1273.211, we anticipate more durable protection against variants of concern with mRNA-1273.214, making it our lead candidate for a Fall 2022 booster. We are submitting our preliminary data and analysis to regulators with the hope that the Omicron-containing bivalent booster will be available in the late summer," said Stephane Bancel, CEO of Moderna.
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GETY | Hot Stocks07:42 EDT Getty Images says iStock launches VisualGPS Insights tool - iStock has launched VisualGPS Insights, an interactive tool that helps businesses make smarter decisions about their visual content. An industry first, this dynamic dashboard uses real-time iStock.com search and download data to surface global insights, easing the process of selecting imagery that resonates with consumers.
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ISPC | Hot Stocks07:41 EDT iSpecimen appoints Evan Cox as VP, product managment - iSpecimen announced that the Company has appointed Evan Cox as Vice President of Product Management, effective immediately. In this role, Mr. Cox will manage the growth and future development of the iSpecimen Marketplace platform. Prior to joining iSpecimen, Mr. Cox held several key senior management roles at Definitive Healthcare Corp.
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JENGQ | Hot Stocks07:40 EDT Just Energy announces stay extension - Just Energy Group announced today that the Ontario Superior Court of Justice has approved the extension of the stay period under the Companies' Creditors Arrangement Act to August 19, 2022. The Stay Extension allows the Company to continue to operate in the ordinary course of business while pursuing its proposed restructuring plan, which was previously announced on May 13, 2022. The Company's motions for a Meetings Order and an Authorization Order, as previously announced on May 13, 2022, were heard by the Court on June 7, 2022. The Company will issue a further press release once the Court renders its decision with respect to such motions. As previously reported, FTI Consulting Canada is overseeing the Company's CCAA proceedings as the court-appointed Monitor.
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OEC | Hot Stocks07:38 EDT Orion Engineered to discuss growth strategy, financial targets - Orion Engineered Carbons will host its 2022 Investor Day in New York. CEO, Corning Painter, and other members of the executive team will provide a review of the company's growth strategy and financial targets. Key themes at the event: Defining the company's strategy to accelerate growth. Investing in higher margin opportunities to expand financial returns. Elevating Orion's position in the industry. Providing a roadmap towards achievable mid-cycle financial performance. 2025 Mid-cycle Adjusted EBITDA capacity of ~$500M. Cumulative 2023-2025 discretionary free cash flow of ~$700M to ~$800M.
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NTLA | Hot Stocks07:38 EDT Intellia announces presentation of NTLA-2001 for ATTR amyloidosis treatment - Intellia Therapeutics announced that interim clinical data from the Phase 1 study of NTLA-2001, an investigational therapy in development for the treatment of transthyretin ATTR amyloidosis, will be shared in an oral presentation at the European Association for the Study of the Liver's International Liver Congress 2022, taking place June 22 - 26 in London. "We are pleased to be presenting longer-term, follow-up data from the first-in-human study of NTLA-2001, which is designed to potentially halt progression and reverse ATTR amyloidosis," said Intellia President and Chief Executive Officer John Leonard, M.D. "We look forward to sharing interim data we believe demonstrates the potential of our CRISPR-based investigational therapy to be a single-dose treatment that provides a deep and durable response."
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MRNS | Hot Stocks07:36 EDT Marinus Pharmaceuticals expands enrollment criteria for Phase 3 RAISE trial - Marinus Pharmaceuticals announced that it has amended the protocol for its Phase 3 RAISE trial in refractory status epilepticus, RSE, to expand eligibility criteria, support patient recruitment and drive enrollment efficiencies at clinical sites. Marinus has broadened inclusion criteria in the RAISE trial to allow for enrollment of patients previously treated with IV anesthesia, as well as patients transferred from other hospitals or treated in the emergency room. These patient cohorts were included in the Phase 2 RSE trial and the efficacy and safety data of ganaxolone in this population was consistent with the overall Phase 2 data. To further support recruitment and enrollment, Marinus expects to initiate site activations in Canada in the third quarter of 2022 targeting 10 new sites and is evaluating further expansion into Israel and Australia. The company is targeting 65-75 sites globally and continues to expect topline data in the second half of 2023.
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NEPT | Hot Stocks07:35 EDT Neptune Wellness launches Consumer Packaged Goods focused strategic plan - Neptune Wellness Solutions announced the launch of a new Consumer Packaged Goods focused strategic plan to reduce costs, improve the company's path to profitability and enhance current shareholder value. This plan builds on the company's initial strategic review that took place in fall of 2021 and focuses on two primary actions: (1) planned accelerated divestiture of the Canadian cannabis business and (2) a realignment of focus and operational resources toward increasing the value of Neptune's consumer products business, which the company believes is showing greater potential. These actions are also intended to preserve resources towards meeting its funding requirements in the near-term while driving long-term profitability and growth. As part of the company's renewed focus on its CPG brands and Sprout Organics in particular, Neptune is delighted to announce that Sarah Tynan, current Sprout Chief Customer Officer, is promoted to CEO of Sprout, effective immediately.
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PASG | Hot Stocks07:35 EDT Passage Bio gets FDA clearance of IND for PBML04 for MLD treatment - Passage Bio announced that the U.S. Food and Drug Administration has cleared its Investigational New Drug application for PBML04, an adeno-associated virus -delivery gene therapy that is being studied for the treatment of Metachromatic Leukodystrophy. MLD is a rare, fatal, pediatric, lysosomal storage disease that currently has limited available treatment options."We are thrilled to have received IND clearance for our program in metachromatic leukodystrophy, marking our fourth IND clearance as a company and our third pediatric lysosomal storage disorder program to reach clinical development," said Edgar Cale, interim chief executive officer of Passage Bio. "Clearance of this IND is a testament to the quality preclinical data supporting PBML04 through our partnership with the University of Pennsylvania's Gene Therapy Program and the strong CMC and analytics capabilities we have developed internally. MLD, GM1 gangliosidosis and Krabbe disease are similar diseases each caused by a single gene mutation leading to deficiency of a critical enzyme. Our approach and clinical development plans across these three programs also share similarities, including use of our next-generation, proprietary AAVhu68 capsid and ICM delivery. We are excited by the promise of PBML04 to offer a potentially transformative treatment for this devastating disease." MLD is a fatal inherited disease that is caused by mutations in the arylsulfatase-A gene which reduces enzyme activity, leading to progressive build-up of toxic sulfatides in the central and peripheral nervous system. We are targeting infantile-onset MLD, which is characterized by progressive muscle weakness, rigidity, gait disorder, developmental delays and is typically fatal by five years of age. The estimated worldwide incidence of MLD is approximately 1 in 100,000 live births. The Phase 1 clinical trial will utilize intra-cisterna magna administration to deliver an AAVhu68 capsid to express ARSA and potentially address both central nervous system and peripheral manifestations of this devastating disease.
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ROKU NFLX | Hot Stocks07:34 EDT Roku jumps 6% to $99.08 after Insider report of internal Netflix buyout talk
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NEPT | Hot Stocks07:33 EDT Neptune Wellness' 1-for-35 consolidation of common shares approved by TSX - Neptune Wellness has received conditional approval of the TSX with respect to the company's proposed consolidation of its common shares on the basis of one post-consolidation common share for every 35 pre-consolidation common shares. Each fractional common share remaining after completion of the consolidation that is less than one whole of a common share will be increased to one whole common share. The consolidation will reduce the number of common shares issued and outstanding from approximately 198 million common shares to approximately 5.7 million common shares. The precise effective date of the consolidation and the date upon which the common shares will begin trading on the NASDAQ and the TSX on a post-consolidation basis will be announced at a later date.
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BTTX | Hot Stocks07:32 EDT Better issued US Patent covering features of its digital therapeutics platform - Better Therapeutics announced that the U.S. Patent and Trade Office, USPTO, has granted their first patent, granting twenty years of exclusivity for a number of key features core to the company's digital therapeutics platform, designed to help treat cardiometabolic diseases through the delivery of digital behavioral therapy as a PDT. "Our team has been on the cutting edge of using software to help individuals change the behaviors that are the underlying causes of cardiometabolic conditions like type 2 diabetes and fatty liver disease," said Kevin Appelbaum, CEO of Better Therapeutics. "This work has resulted in a number of new and distinct inventions, and we are proud that this ingenuity has now been officially recognized by the USPTO." The new patent, U.S. Patent No. 11,355,228 granted on June 7th, 2022, is titled "SYSTEM, METHODS, AND APPARATUSES FOR MANAGING DATA FOR ARTIFICIAL INTELLIGENCE SOFTWARE AND MOBILE APPLICATIONS IN DIGITAL HEALTH THERAPEUTICS," and covers methods and apparatus for generating and monitoring a therapy regimen employing Better Therapeutics' innovative machine learning techniques. Taken together with the 510 days of patent term adjustment provided by the U.S. Patent and Trademark Office, Better Therapeutics' exclusivity will extend until at least September of 2039, absent any further patent extensions.
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OXLC | Hot Stocks07:30 EDT Oxford Lane announces preferred stock offering - Oxford Lane Capital announced that it plans to offer shares of its newly designated Series 2029 Term Preferred Shares in an underwritten public offering. The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Stock on the same terms and conditions to cover over-allotments, if any. The Company has applied to list the Preferred Stock on the NASDAQ Global Select Market and expects trading to commence thereon within 30 days after the date of initial delivery of the Preferred Stock. The Company expects to use the net proceeds from this offering to acquire investments in accordance with its investment objective and strategies and/or general working capital purposes. Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc. and William Blair & Company, L.L.C. are acting as joint book-running managers for the offering and InspereX LLC and Wedbush Securities Inc. are acting as lead managers for the offering.
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TNXP | Hot Stocks07:28 EDT Tonix to present data on monkeypox vaccination TNX-801 at virology meeting - Tonix Pharmaceuticals announced that Ryan Noyce, Ph.D., and David Evans, Professor, Department of Cell Biology, University of Alberta, together with scientists from Tonix presented data from a research collaboration between Tonix Pharmaceuticals and The University of Alberta in a poster presentation at the 4th Symposium of the Canadian Society for Virology held in Edmonton, Alberta, Canada on June 5 . The poster titled, "Synthetic Chimeric Horsepox Virus scHPXV Vaccination Protects Macaques from Monkeypox," describes data from animals vaccinated with TNX-8011 to protect against monkeypox. The poster presentation reports that all animals vaccinated with TNX-801 were fully protected with sterilizing immunity from a challenge with intra-tracheal monkeypox. The vaccinations with TNX-801 were well tolerated. Synthetic horsepox virus is the basis for the Company's TNX-801 vaccine in development to protect against monkeypox and smallpox and for the Company's Recombinant Pox Virus platform to protect against other pathogens, including SARS-CoV-2. "Our research work, in collaboration with Dr. Noyce and Professor Evans at The University of Alberta, shows that vaccination with TNX-801 has the ability to protect against monkeypox infection," said Seth Lederman, M.D., President and Chief Executive Officer. "Monkeypox infection of humans was rare during the time people were vaccinated to protect against smallpox. After the eradication of smallpox, vaccination with live-virus vaccinia was stopped in most of the world. Monkeypox cases have been rising in Africa for several years. Very recently a strain of monkeypox from West Africa has caused clusters of monkeypox cases in many countries outside of Africa. We believe that vaccination with live-virus vaccines like TNX-801 has the potential to control monkeypox again."
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GETY | Hot Stocks07:28 EDT Getty Images launches VisualGPS Insights tool - Getty Images has launched VisualGPS Insights, a new interactive tool designed to help businesses develop content strategies backed up with data and visual guidance. For the first time, users can view and analyze over 2.5 billion annual searches and download queries from Getty Images as well as iStock, its e-commerce platform focused on SMBs, SMEs and creatives.
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ALDX | Hot Stocks07:28 EDT Aldeyra achieves primary endpoint in Phase 3 TRANQUILITY-2 trial of reproxalap - Aldeyra Therapeutics announced the achievement of the primary endpoint in the Phase 3 TRANQUILITY-2 clinical trial of reproxalap, an investigational new drug candidate, for the treatment of dry eye disease. Reproxalap was statistically superior to vehicle for each of the two prespecified primary endpoints, Schirmer test and greater than or equal to10 mm Schirmer test responder proportions after a single day of dosing. The Schirmer test, a measure of ocular tear production, is the dry eye disease objective sign most commonly utilized for drug approval. Pending discussions with the FDA, Aldeyra intends to submit an NDA with ocular dryness symptom score, ocular redness, Schirmer test, and greater than or equal to10 mm Schirmer test responder analysis, encompassing results across five adequate and well-controlled completed clinical trials. A Type B Pre-NDA meeting is expected to be held with the FDA in the third quarter of 2022, followed by a potential NDA submission, pending enrollment in the ongoing 12-month safety trial, and results from a dry eye chamber crossover trial. Enrollment of the crossover dry eye disease trial is substantially complete, and results are expected in the third quarter of 2022. Pending the results, the crossover trial is intended to be submitted to the NDA as a supportive trial.
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DTIL | Hot Stocks07:27 EDT Precision BioSciences provides update on allogeneic CAR T programs - Precision BioSciences announced its latest program updates across its allogeneic CAR T pipeline. The Company provided new clinical data and outlined the opportunity for its lead candidate, PBCAR0191, as a potential first-in-class allogeneic CD19 CAR T for the growing autologous CAR T relapsed patient population with aggressive lymphomas. Precision also shared updates on its PBCAR19B and PBCAR269A candidates. "The new interim clinical data we are sharing today from the Phase 1/2a study demonstrated that PBCAR0191 produced high clinical response rates in CAR T relapsed patients who received a median of five prior lines of therapy. Evaluable subjects in the study had 100% ORR, 73% CR rate and 50% durable response rate greater than six months. We believe the data validate the signal we reported at the 2021 American Society of Hematology meeting among CAR T relapsed subjects and further supports our potential path forward in this patient population with what we believe is the highest unmet medical need," said Michael Amoroso, Chief Executive Officer at Precision BioSciences. As of the May 31, 2022 data cutoff, continued positive efficacy results, including high overall and CR rates and duration of response, and an improved adverse event profile have been observed among evaluable CAR T relapsed subjects. Results are as follows: Efficacy across both the ASH and New Cohorts: Achieved 100% ORR and 73% CR rate among 11 evaluable subjects. Six subjects remain in ongoing response. Duration of response in the ASH Cohort: 50% of evaluable subjects had a response duration greater than six months. Efficacy in the New Cohort: Among subjects treated with DL4b and reduced intensity lymphodepletion, 100% CR was achieved among evaluable subjects. Adverse events of special interest comparison between the ASH and New Cohorts: No Grade 3 or greater cytokine release syndrome was observed in either dosing cohort. One Grade 3 immune effector cell-associated neurotoxicity syndrome was recorded in each cohort that rapidly resolved to Grade 1 within 24 to 48 hours. Two Grade 5 events associated with late occurring encephalopathy suspected to be related to fludarabine-associated neurotoxicity occurred in the New Cohort. Hematologic recovery comparison between the ASH and New Cohorts: Grade 3 or greater infections occurred less frequently in the New Cohort with one out of six (17%) subjects compared to four out of six subjects in the ASH Cohort.
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TLSA | Hot Stocks07:27 EDT Tiziana Life Sciences announces results in second patient with SPMS - Tiziana Life Sciences reported positive clinical results from the second patient with Secondary Progressive Multiple Sclerosis in the ongoing study as part of an expanded access program at the Brigham and Women's Hospital, Boston, MA. These results confirm the previously reported data, from the first SPMS patient after three months of treatment of the first SPMS patient. The treatment with foralumab, a fully human anti-CD3 monoclonal antibody, was well-tolerated and improved clinical and PET imaging analyses. The second patient, a young male in his 40s, was diagnosed with SPMS in 2014. Since then, the disease has been progressive, resulting in an accumulation of disability. Following completion of three months of treatment with intranasal foralumab, the patient showed improvement as measured by PET imaging, to assess inhibition of microglial activation, and by neurologic examination. Approximately 10-30% reduction in PET signal was seen across brain regions in the second SPMS patient, which is comparable to the PET changes seen in the first SPMS patient following three months of treatment with intranasal foralumab. Clinically, the Timed 25-Foot Walk test and neurologic exam were also improved. Both the first and the second patient are continuing with the treatment and are in their 13th and 4th months of treatment, respectively. The favorable safety, tolerability, and clinical responses from the first two SPMS patients were submitted to the U.S. Food and Drug Administration. The agency has now allowed Tiziana to treat an additional eight SPMS patients. Although the original dosing regimen with intranasal therapy with foralumab will remain the same, the revised dosing regimen has a provision for dose escalation up to 100 mcg as an option to improve clinical benefit.
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TPRFF | Hot Stocks07:25 EDT GCM Mining publishes 2021 annual ESG report - GCM Mining announced that it has published its second annual ESG report entitled "2021 Sustainability Report". Lombardo Paredes, CEO of GCM Mining, commenting on the Company's latest ESG report which focuses on the Company's Segovia Operations, said, "ESG has always been an important part of our operations and our annual report gives us an opportunity to highlight our initiatives and progress in line with international reporting standards. Our people are key to our success and we remain focused on continuing to provide opportunities for training and advancement and to improve health and safety throughout our operations. We actively participate with our communities to reinforce existing relationships through job creation, social and economic growth in our areas of operation and support for local businesses through local procurement. The pandemic has highlighted the importance of healthcare for our workers, their families and the stakeholders in the areas where we operate. We were able to supply 12,780 vaccine doses and, as a result, we have vaccinated close to 20% of the population in the municipalities where we are located. We are also committed to the environment and actions against climate change. Anchored in the United Nations Sustainable Development Goals, we have taken on the challenge of conducting the necessary actions to address the complexity of this global issue. I would like to thank all of our employees, contractors and the community for their ongoing support. I encourage our stakeholders to read our ESG report and to watch our latest videos which provide a tremendous overview of our ESG initiatives and their impact on our operations and communities."
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PVCT | Hot Stocks07:25 EDT Provectus presents data on patients with mUM from liver cancer trial at ASCO - Provectus announced that updated data from the Company's initial expansion cohort of patients with uveal melanoma metastatic to the liver mUM in its cancers-of-the-liver Phase 1 trial of investigational immunocatalyst PV-10 were presented at the 2022 American Society of Clinical Oncology annual meeting, held June 3-7 in Chicago, Illinois and online.Twenty-nine percent of Stage IV M1a mUM patients achieved mCR and were alive from 12.4+ to 48.8+ months after starting PV-10 treatment. All M1a patients had hepatic metastases injected with PV-10; 50% had extrahepatic disease, which was not injected with PV-10. A portion of M1a patients underwent positron emission tomography PET-computed tomography CTPET-CT cancer imaging, which previously has not been widely recognized as an important tool for monitoring tumor response in mUM because historical treatments essentially did not produce mCRs.This ongoing single-center mUM study at MD Anderson Cancer Center MDACC in Houston, Texas has been led since inception by Sapna Patel, MD, Associate Professor, Department of Melanoma Medical Oncology, Division of Cancer Medicine at MDACC. Up to three hepatic mUM tumors can be injected per PV-10 treatment cycle. Response assessments are performed at Day 28, and then every three months. Patients with additional, injectable, visceral hepatic mUM disease may receive additional cycles of PV-10 after Day 28. Eligible patients may also receive standard of care immune checkpoint blockade either PD-1 or combination CTLA-4 + PD-1 during and after PV-10 treatment
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PZG | Hot Stocks07:24 EDT Paramount Gold reports on permitting progress with Oregon state regulators - Paramount Gold Nevada announced that the permitting process for its proposed Grassy Mountain high-grade underground gold mine took a major step forward at a recent public meeting of the Oregon State Technical Review Team's water resource sub-committee. The sub-committee confirmed that the ground water Baseline Data Report submitted by Paramount was accurate and complete according to the previously approved procedures and protocols. The sub-committee will recommend it for approval by the full TRT, which is comprised of all state agencies involved in the permitting process. This public meeting was held virtually following a 14-day public comment period during which time comments can be filed to be considered during the meeting. While several local stakeholders were present at the meeting, the Oregon Department of Geology and Mineral Industries confirmed they received no public comment. Including the Ground Water BDR, to date, 22 BDR's have been accepted by state regulators. The remaining Geochemistry BDR has been filed with the DOGAMI and is expected to be approved later in the month. Currently, the DOGAMI is reviewing the Consolidated Permit Application, filed by the Company in December 2021 including all document revisions and Company responses to comments by the agencies from the first CPA filed by Paramount in November 2019. More information about the permitting of Grassy Mountain is available on the DOGAMI website.
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MITO | Hot Stocks07:23 EDT Stealth Biotherapeutics' SBT-272 shows motor neuron improvement in study - Stealth BioTherapeutics presentated new SBT-272 preclinical data demonstrating functional improvement in upper motor neurons with TDP-43 pathology, which plays a significant role in both amyotrophic lateral sclerosis - ALS - and frontotemporal dementia - FTD -. The data were presented at the Keystone Neurodegeneration Symposium in Keystone, CO held June 5-9. A Phase 1 study to evaluate the safety and tolerability of SBT-272 in healthy volunteers is underway. SBT-272 significantly improved mitochondrial structural integrity and motility in TDP-43 mutant-expressing upper motor neurons. These enhancements in mitochondrial health were associated with improved axon outgrowth, a key indicator of improved neuronal health. The effect of SBT-272 on axon outgrowth was superior to edaravone and AMX0035. Chronic in vivo administration of SBT-272 reduced upper motor neuron degeneration and neuroinflammation in the motor cortex of the prp-hTDP-43A315T-UeGFP mouse model of ALS. Together, these data support further investigation of SBT-272 as a potential treatment for ALS with TDP-43 pathology.
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LYLT | Hot Stocks07:22 EDT Loyalty Ventures says AIR MILES, Sobeys unable to align on extension terms - Loyalty Ventures provided an update on developments at its AIR MILES Reward Program. The Company disclosed that its AIR MILES Reward Program segment and AIR MILES' Sponsor, Sobeys were unable to align on extension terms; consequently, Sobeys provided notice of its intent to exit the program on a region-by-region basis, beginning with Atlantic Canada, between August and the first quarter of 2023. Management is confident in AIR MILES' ability to convert this development into a growth opportunity over the medium-term. Charles Horn, Chief Executive Officer commented, "Our long-time AIR MILES' Sponsor, Metro, remains committed to the AIR MILES coalition and will continue to welcome the millions of customers that shop and redeem in their stores where the AIR MILES Reward Program is offered-namely, Ontario, Canada's most populous province. Metro intends to work closely with AIR MILES to continue to offer the best value to its customers in their food or pharmacy stores to earn and redeem their AIR MILES reward miles with Metro. Additionally, AIR MILES will have the ability to expand into adjacent verticals, including mass merchants, convenience stores, dollar stores and other retailers that were previously precluded by the terms of the Sobeys contract. We are in active discussions with grocers as well as those verticals that have been previously unavailable to us." The Company expects that the primary impact of this development in 2022 will be on the number of AIR MILES reward miles issued, as Sobeys represented approximately 10% of Loyalty Ventures' adjusted EBITDA in 2021. Given the uncertainty related to the timing of the transition of Sobeys' additional regions and the currency and program timing issues often associated with its BrandLoyalty business, Loyalty Ventures will re-evaluate its 2022 revenue and EBITDA guidance when there is more clarity, which management hopes to have by the time of its second quarter earnings release. In the meantime, AIR MILES is moving ahead with its programs to drive greater consumer engagement through investments in the AIR MILES app and improving the Collector value proposition in-store and online. For Sponsors, AIR MILES' capital investment is enabling expanded data access, enhanced content personalization, and accelerating the development of its media platform. The recent renewal of our top five sponsor, American Express, was an important vote of confidence, and we look forward to additional positive developments in the coming months. Additionally, AIR MILES continues to expand the value proposition for Collectors and add highly sought-after brands to airmilesshops.ca, the online shopping portal where consumers can earn miles for shopping at hundreds of popular online stores including Amazon, Samsung, Sephora, Uniqlo and more. This reflects the success of our strategy to introduce more flexible models to deliver value to both Collectors and brands.
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PRMNF | Hot Stocks07:20 EDT Prime Mining announces trading on OTCQX Market - Prime Mining is pleased to report that the Company has been upgraded and qualified to trade on the OTCQX Best Market from the OTCQB Venture Market effective today under the symbol "PRMNF".
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LGIH | Hot Stocks07:18 EDT LGI Homes opens new section at Wedgewood Forest - LGI Homes announced the opening of a new section at Wedgewood Forest, a well-known community in north Houston by Land Tejas. LGI will build 93 single-family homes in the newest section of the community. Wedgewood Forest is in a premier location, minutes away from major employers and exciting area attractions.
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IMCR | Hot Stocks07:17 EDT MHRA, TGA, Health Canada approve KIMMTRAK to treat mUM - Immunocore Holdings announces that the United Kingdom's Medicines and Healthcare products Regulatory Agency MHRA, the Therapeutic Goods Administration TGA in Australia and Health Canada have granted marketing authorization for KIMMTRAK tebentafusp for the treatment of HLA-A02:01-positive adult patients with unresectable or metastatic uveal melanoma mUM. KIMMTRAK, a gp100 and CD3 ImmTAC novel bispecific protein, is the first bispecific T cell engager to receive regulatory approval to treat a solid tumor, and the first and only approved therapy for the treatment of unresectable or metastatic uveal melanoma. Marketing authorization by the MHRA, TGA, and Health Canada follows recent approvals from both the U.S. Food and Drug Administration and the European Commission EC. Susanna Daniels, CEO of Melanoma Focus, said: "This is a first for patients with metastatic uveal melanoma, who now have a licensed treatment available. I am thrilled at this turning point for the uveal melanoma community. We are hugely supportive of Immunocore, which has introduced a scheme to permit appropriate patients to be treated with free medicine prior to approval and public reimbursement."
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SYM SVFC | Hot Stocks07:17 EDT Symbotic debuts on Nasdaq under ticker 'SYM' - Symbotic (SYM) announced that shares of its Class A common stock will trade on The Nasdaq Stock Market under the ticker symbol "SYM." Symbotic's trading debut comes after the completion of its business combination with SVF Investment Corp. 3 (SVFC), a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers. The combined company now operates as Symbotic. "Symbotic transforms the supply chain with automation and intelligence so that our customers' warehouse distribution networks become a competitive advantage," said Michael :oparco, CEO of Symbotic. "As a public company, we have greater capital to scale our platform more rapidly. The ongoing support of SoftBank and all our investor partners will help us transform the industry and innovate faster for the benefit of our customers."
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GXO | Hot Stocks07:17 EDT GXO Logistics deploys security robotics at Indiana distribution center - GXO Logistics announced that it has deployed advanced air and ground security robotics at one of its major distribution centers in Clayton, Ind., and plans to significantly increase deployment of automated security systems across other sites within the next year. This would be the largest air and ground security robotics fleet in the world. The DroneDog and DroneSentry duo, integrated with the DroneCore security platform from Asylon, Inc., are security technologies of the future, providing high-quality data and onsite activity updates that can detect potential issues in real time and simultaneously report them to the security team.
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PRMNF | Hot Stocks07:15 EDT OTC Markets Group welcomes Prime Mining to OTCQX - OTC Markets Group announced Prime Mining has qualified to trade on the OTCQX Best Market. Prime Mining Corp. upgraded to OTCQX from the OTCQB Venture Market.
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XOS | Hot Stocks07:15 EDT Xos shares recap video of Xos Fleet Week product reveal event - Xos published a recap video of its Fleet Week product reveal event that occurred on Tuesday, May 10th. The video, at three minutes long, highlights the new 100% battery-electric MDXT and HDXT vehicles and Xosphere fleet management platform that Xos unveiled that evening.
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OCUL | Hot Stocks07:14 EDT Ocular Therapeutix announces senior leadership changes - Ocular Therapeutix announced senior leadership changes to "strengthen the Company's alignment around the development of its late-stage ophthalmology product portfolio," the company said. The Company has announced that Peter Kaiser, M.D. has agreed to advise the Company in a newly created role of Chief Medical Advisor, Retina. In this role, Dr. Kaiser will advise on clinical development strategies for Ocular Therapeutix's retina programs. Rabia Gurses Ozden, M.D., currently serving as the Company's Senior Vice President, Clinical Development, has been promoted to the role of Chief Medical Officer, effective July 1, 2022, to lead the clinical development of Ocular Therapeutix's current and growing pipeline of programs focusing on the front and back of the eye. Michael Goldstein, M.D., currently serving as Chief Medical Officer, President of Ophthalmology will depart from the Company to pursue additional business interests outside of the Company on June 30, 2022, but he has agreed to continue to work with the Company part-time as a consultant in a newly created role of Chief Strategy Advisor where he will continue to be available to assist with pipeline development activities.
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SCTL | Hot Stocks07:14 EDT Societal CDMO announces new customer project at San Diego facility - Societal CDMO announced a key new customer project utilizing its automated fill/finish line and lyophilization unit at the company's San Diego facility. The recently initiated project is focused on formulation development and sterile GMP manufacturing of a lyophilized novel cancer therapeutic for intravenous infusion. Societal has been contracted by an emerging Japan-based biopharmaceutical company to conduct this work in support of the company's ongoing clinical development of the compound as a potential treatment for solid tumors.Societal's aseptic fill/finish suite features a sterile, automated vial filling system with the capability to fill up to 2,000 presterilized vials per hour at a range of volumes. The company's lyophilization offering incorporates a novel, patented approach to uniformity and instantaneously induces nucleation via pressurization and depressurization. This equipment provides the capacity for lyophilization of approximately 9,000 10 mL vials during each 3-5 day freeze-drying cycle.
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AVXL | Hot Stocks07:13 EDT Anavex's publication supports clinical biomarker for ANAVEX 2-73 in Fragile X - Anavex Life Sciences announced the peer-reviewed publication in American Journal of Medical Genetics identifying a blood biomarker for assessing treatment effect of ANAVEX 2-73 in Fragile X Syndrome, which will be also included in the planned clinical trial of ANAVEX 2-73 in Fragile X Syndrome.Fragile X Syndrome is the most common form of inherited intellectual disability and the most frequent single gene cause of autism spectrum disorder with an estimated population of approximately 62,500 in the US and 1,088,500 worldwide.1 At present, there is no approved treatment for Fragile X Syndrome. The findings demonstrate that treatment effect of ANAVEX 2-73 resulting in reversal of hyperactivity, restoration of associative learning and reduction of anxiety in a mouse model of Fragile X Syndrome are also associated with improvements in key blood signaling biomarkers, which are measurable in patients with Fragile X Syndrome as well. Previously reported improvements in cognitive and behavioral paradigms in a mouse model of Fragile X Syndrome, after ANAVEX 2-73 administration, are associated with parallel improvements in peripheral lymphocyte signaling abnormalities Fragile X Syndrome is characterized by multiple cell signaling abnormalities, including increased activation of the PI3K/Akt/mTOR and MAPK/ERK pathways. These have been demonstrated in brain samples from mouse models as well as in lymphocytes from patients.
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IMVT | Hot Stocks07:12 EDT Immunovant expects cash to fund requirements into 2025
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IMVT | Hot Stocks07:11 EDT Immunovant achieves alignment with FDA on Phase 3 trials of batoclimab - Immunovant announced that it has achieved alignment with the United States Food and Drug Administration Division of Ophthalmology on plans to initiate two placebo-controlled Phase 3 clinical trials to evaluate batoclimab in TED. Immunovant expects to initiate its Phase 3 TED program in the second half of calendar year 2022. Immunovant's Phase 3 development program for TED will include two placebo-controlled trials followed by an open label extension that will enroll subjects from both Phase 3 studies. The Phase 3 trials will have the same design and are expected to enroll about 100 subjects for each trial. After randomization to either treatment or placebo, the standard 24-week treatment period will include 12 weeks of 680 mg of batoclimab followed by 12 weeks of 340 mg of batoclimab. Batoclimab and placebo will be delivered weekly by a simple subcutaneous injection. The primary efficacy endpoint will be a responder analysis versus placebo, where responders are defined as patients with a greater than or equal to 2 mm reduction from baseline in proptosis. If successful, Immunovant believes these trials can support registration of batoclimab for TED. Top-line results from both trials are expected in the first half of calendar year 2025. Additional details of Immunovant's clinical program in TED will be presented in an investor call described below. Immunovant's upcoming Phase 3 TED trials represent the Company's second pivotal program, with a Phase 3 pivotal trial in MG expected to initiate by the end of June 2022, and a top-line readout expected in the second half of calendar year 2024. The Company continues to make meaningful progress on additional strategic priorities for batoclimab's broad development and expects to announce two new indications by August 2022.
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GAMB | Hot Stocks07:10 EDT Gambling.com set to join Russell 3000 Index - Gambling.com Group announced it is set to join the broad-market Russell 3000 Index at the conclusion of the 2022 Russell indexes annual reconstitution, according to a preliminary list of additions posted by FTSE Russell on June 3, 2022. The inclusion on the index will take effect after the U.S. market opens on June 27, 2022. "After Gambling.com Group successfully completed its IPO last July, the inclusion of the Group's shares in the Russell Universe of Indexes is a great honor," said Charles Gillespie, Chief Executive Officer of Gambling.com Group. "Our participation in these indexes will bring the Group - the first online gambling affiliate to be publicly traded in the United States - enhanced visibility within the American equity capital markets. The inclusion is an excellent milestone for the Group, which we hope will help drive increased liquidity and investor awareness of our unique equity story."
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IHRT | Hot Stocks07:09 EDT iHeartMedia, State Farm collaborate for arena naming rights in Metaverse - iHeartMedia and State Farm announced a partnership aimed at redefining entertainment experiences in the metaverse, beginning with Roblox (RBLX). This summer, State Farm is stepping into the metaverse in collaboration with iHeartMedia to "create the future of live experiences, combining major album releases, some of the biggest hit podcasts and interactive gaming in exciting new ways for fans," the company said. "iHeartLand is designed to break down the walls between artists, creators, brands and fans in new ways that are only possible in the metaverse," said Conal Byrne, CEO of the iHeartMedia Digital Audio Group. "As the leading brand for music discovery and popular culture, and the No. 1 podcast publisher globally, we're excited to build an entirely new world for our biggest creators and the biggest names in music to quite literally play with their fans. The interactive experiences players will get in iHeartLand and in this new first-of-its-kind venue will be incredibly dynamic and creative. We couldn't be more pleased to collaborate with State Farm given their history of innovation in marketing and desire to continue creating memorable experiences for consumers - and given our companies' shared fundamental focus on community and neighbors, there was truly no other brand we'd choose to embark on this project with."
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UEC | Hot Stocks07:09 EDT Uranium Energy receives $18M and 25 Wyoming ISR Projects - Uranium Energy, or UEC, has closed a series of transactions with Anfield Energy pursuant to which Anfield has settled $18.34M of indebtedness owing to UEC. The company received the Anfield Indebtedness through its $112M acquisition of Uranium One Americas in December 2021. The transactions also include a property swap allowing UEC to consolidate 25 additional uranium properties into its Wyoming portfolio. Subsequent to the closing of the Anfield Indebtedness, and the pending return of certain surety amounts related to the U1 Americas transaction, UEC will have over $182M of cash and liquid assets, and no debt. UEC now owns approximately 16% of Anfield on an outstanding basis. CEO Amir Adnani stated: "This week's announcement by the Biden Administration potentially marks the beginning of a new chapter in the future of the domestic U.S. nuclear fuel industry. In light of Russia's ongoing invasion of Ukraine, the Biden Administration is proposing a plan whereby the Department of Energy is asking Congress for approval and appropriations to purchase $3.5B of domestic low-enriched uranium which is comprised of uranium, conversion and enrichment services from U.S. suppliers. We look forward to working with the Department of Energy to advance U.S. national and energy security interests in domestic uranium capabilities as the U.S. transitions away from Russian supply."
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BCRX | Hot Stocks07:09 EDT BioCryst receives Fast Track designation for BCX9250 - BioCryst Pharmaceutical announced the U.S. Food and Drug Administration has granted Fast Track designation for BCX9250 for the prevention of heterotopic ossification in patients with fibrodysplasia ossificans progressiva. In a Phase 1 clinical trial in healthy subjects, BCX9250 was safe and well tolerated at all doses studied, with linear and dose-proportional exposure supporting the potential for once-daily dosing.
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MESA | Hot Stocks07:09 EDT Mesa Air announces enhanced United Aviate partnership - Mesa Air Group announced that effective immediately Mesa Airlines pilots participating in United's Aviate career development program are now able to earn service credit, and count prior service, towards their United transition for flying across all of Mesa's operations, including American Eagle. The United Aviate program is designed to give pilots a clear path to the United Airlines flight deck while building their flight hours with Mesa. Previously, United Aviate participants could only earn service credit hours while flying aircraft operating as United Express. Mesa is pleased to communicate this opportunity to our pilots and is thankful to United for expanding the program's transition eligibility requirements. Chris Gill, Mesa Air Group MEC Chairman representing the Air Line Pilots Association, said, "We're glad Aviate has chosen to extend mainline advancement opportunities to all Mesa pilots. This represents a tremendous opportunity for our pilots, and I am confident it will also help Mesa retain and attract qualified pilots. It is our goal to help make Mesa the most attractive option for regional pilots." "We greatly appreciate the support and confidence our pilots have received from our partners at United Airlines. I believe this will make Mesa an even more attractive option for pilots entering commercial aviation. The career path of our pilots has never been more promising since I joined Mesa in 1988. I'd like to thank United and ALPA who helped make this happen," said Jonathan Ornstein, Chairman, and CEO of Mesa.
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FGEN | Hot Stocks07:07 EDT FibroGen completes enrollment in pamrevlumab study in patients DMD - FibroGen announced completion of patient enrollment for LELANTOS-2, a Phase 3 clinical study of pamrevlumab in patients with ambulatory Duchenne muscular dystrophy DMD."We are very pleased to complete enrollment of our second Phase 3 study of pamrevlumab in patients with DMD," said Mark Eisner, M.D, M.P.H, Chief Medical Officer, FibroGen. "Pediatric patients living with DMD have limited treatment options, and LELANTOS-2 will evaluate pamrevlumab as a potential new treatment. On behalf of the entire study team, we would like to extend our gratitude to the patients, caregivers, investigators and study staff for commitment to this study."A total of seventy-three DMD patients aged 6 to 12 years old have been enrolled in LELANTOS-2, a global Phase 3, randomized, double-blind, trial of pamrevlumab or placebo in combination with systemic corticosteroids to evaluate the efficacy and safety of pamrevlumab in patients with ambulatory DMD. The primary endpoint of the study is ambulatory function assessment, measured by the change in North Star Ambulatory Assessment from baseline to Week 52. Top-line data from LELANTOS-2 study is anticipated in 2H:2023. The Phase 3 clinical development program for pamrevlumab for DMD includes two studies, LELANTOS-1 and LELANTOS-2. These global Phase 3 trials are randomized and double-blinded designed to evaluate the efficacy and safety of pamrevlumab in combination with systemic corticosteroids in patients with either ambulatory or non-ambulatory DMD. Top-line data from LELANTOS-1 study is anticipated in 1H:2023.
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BCYC | Hot Stocks07:06 EDT Bicycle doses first patient in expansion portion of Phase I/II study of BT5528 - Bicycle Therapeutics announced the first patient has been dosed in the expansion portion of the Phase I/II study of BT5528, Bicycle's second-generation Bicycle Toxin Conjugate, BTC, targeting EphA2. "We believe EphA2 is an attractive target for cytotoxin delivery and BT5528 has the potential to overcome the significant safety concerns seen with an antibody drug conjugate approach to targeting EphA2," said Kevin Lee, Ph.D., Chief Executive Officer of Bicycle Therapeutics. "We are pleased with the molecule's emerging safety profile and early signs of anti-tumor activity and look forward to providing additional data from the completed Part A portion of the Phase I/II trial next quarter."
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CSIQ | Hot Stocks07:05 EDT Canadian Solar settles patent litigation with Solaria - Canadian Solar announced that they have reached a settlement agreement with Solaria resolving their pending patent litigation, following the claim construction order by the U.S. District Court for the Northern District of California adopting the core argument advanced by Canadian Solar, as well as the decision by the U.S. International Trade Commission to grant Canadian Solar's request to review the initial determination of its Administrative Law Judge. Pursuant to the terms of the settlement, Solaria agreed to terminate the Section 337 investigation it initiated at the U.S. International Trade Commission and to dismiss with prejudice the patent infringement claims it asserted against Canadian Solar in the Northern District of California. Canadian Solar agreed to withdraw the inter partes review it filed with the U.S. Patent and Trademark Office challenging a Solaria asserted patent. Neither party admits any liability or wrongdoing, and no payment is required under the settlement. "We are pleased to resolve our dispute with Solaria, and to continue our focus on providing our customers with high quality solar products and exceptional service," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar Inc. No changes to Canadian Solar's product offerings will result from the settlement - Canadian Solar had already discontinued the shingled solar module technology at issue in the litigation several months ago. "Our newest all black modules can achieve significantly higher power output and module efficiency, and this will give our customers even better performance than the previous shingled cell technology they have replaced," said Dr. Qu. Canadian Solar is committed to continuing innovation and to providing a cost-effective source of renewable energy in all the markets it serves around the world.
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ATRO... | Hot Stocks07:05 EDT Astronics awarded contract by Southwest Airlines to provide In-Seat Power - Astronics (ATRO) announced today that it has signed an agreement with Southwest Airlines (LUV) to provide its EMPOWER Passenger In-Seat Power System for installation on 475 Boeing (BA) 737 MAX-7 and MAX-8 aircraft. This award is part of Southwest's recently announced significant cabin upgrade initiative to enhance the Customer experience. The system configuration selected by Southwest Airlines will provide 60W Type-C and 10.5W Type-A USB charging ports at every passenger seat. This will allow passengers to power and charge two devices simultaneously. Astronics will begin delivering in the fourth quarter of 2022 for retrofit installations on Southwest Airlines' existing MAX-8 fleet which will begin in early 2023. The Astronics Connectivity Systems and Certification group has been selected to provide the installation design, STC certification and installation kits for the retrofit. Deliveries to Boeing for installation on new aircraft on the production line will begin in 2023.
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RIGL | Hot Stocks07:04 EDT Rigel Pharmaceuticals announces top-line results of Phase 3 fostamatinib trial - Rigel Pharmaceuticals announced top-line efficacy and safety data from the FORWARD Phase 3 clinical trial, a global trial of fostamatinib in patients with warm autoimmune hemolytic anemia - wAIHA -. The trial did not demonstrate statistical significance in the primary efficacy endpoint of durable hemoglobin response in the overall study population. In a post-hoc regional analysis of U.S., Canadian, Australian, and Western European trial sites, patients treated with fostamatinib had a favorable durable hemoglobin response compared to placebo, whereas in the Eastern European trial sites patients did not. Rigel plans to continue analyzing the data to understand the geographical differences in patient disease characteristics and outcomes and discuss these findings with the FDA. The safety and tolerability profile in the FORWARD trial was consistent with the existing fostamatinib safety database. Across the trial's overall patient population, fostamatinib was generally well-tolerated.
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PG MSFT | Hot Stocks07:04 EDT Procter & Gamble, Microsoft announce new multiyear collaboration - The Procter & Gamble Company (PG) and Microsoft (MSFT) announced a new multiyear collaboration that will leverage the Microsoft Cloud to help create the future of digital manufacturing at P&G. The two companies will co-innovate to accelerate and expand P&G's digital manufacturing platform and leverage the Industrial Internet of Things to bring products to consumers faster, increase customer satisfaction and improve productivity to reduce costs. With Microsoft Azure as the foundation, the new collaboration marks the first time that P&G can digitize and integrate data from more than 100 manufacturing sites around the world and enhance its AI, machine learning and edge computing services for real-time visibility. This will enable P&G employees to analyze production data and leverage artificial intelligence to immediately make decisions that drive improvement and exponential impact. Accessing this level of data, at scale, is rare within the consumer goods industry. P&G selected Microsoft as its preferred cloud provider to build the future of digital manufacturing based on a four-year history of successfully working together on data and AI.
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ELBM KGC | Hot Stocks07:02 EDT Electra Battery Materials names Craig Cunningham as CFO, effective June 8 - Electra Battery Materials (ELBM) announced the appointment of Craig Cunningham, a finance executive with 17 years of experience as CFO, effective June 8. Prior to joining Electra, Cunningham was Vice President and Regional Financial Officer at Kinross Gold (KGC) where he oversaw finance, information technology, supply chain and logistics, and administration functions in Russia.
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WFG | Hot Stocks06:59 EDT West Fraser Timber increases quarterly dividend to 30c per share - West Fraser Timber Co. has declared a quarterly dividend of US$0.30 per share on the Common shares and Class B Common shares in the capital of the Company, payable on July 8, 2022 to shareholders of record on June 22, 2022. The quarterly dividend has been increased from the prior US$0.25 per share in order to distribute a substantially similar amount of capital to investors through the dividend in light of the share count reduction resulting from execution of the current normal course issuer bid as well as completion of the recent substantial issuer bid.
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SAVE... | Hot Stocks06:58 EDT Spirit Airlines postpones special stockholder meeting until June 30 - Spirit Airlines (SAVE) postponed its Special Meeting of Stockholders relating to the proposed merger agreement with Frontier Group (ULCC), parent company of Frontier Airlines, until June 30 at 9 AM ET. The Special Meeting was postponed to allow the Spirit Board of Directors to continue discussions with Spirit stockholders, Frontier and JetBlue Airways (JBLU). Spirit remains bound by the terms of the merger agreement with Frontier, and Spirit's Board has not determined that either JetBlue's unsolicited tender offer or its updated proposal received on June 6 constitutes a Superior Proposal as defined in the merger agreement with Frontier and has made no change to its recommendation that Spirit stockholders adopt the merger agreement with Frontier.
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STNG | Hot Stocks06:55 EDT Scorpio Tankers provides update on Q2 activities - Scorpio Tankers updated Q2 events, including the quarter to date Daily TCE Revenues. Average daily TCE revenue and duration of contracted voyages and time charters for the company's vessels thus far in Q2 were: $35K for LR2, 85% of days; $34K for the MR, 85% of days; and $35K for the Handymax, 78% of days. TCE revenue is vessel revenues less voyage expenses. As of June 6, Scorpio Tankers' outstanding principal balance on debt was $2,711.3M. Since December 31, 2021, the company has had a net reduction in debt of $452.4M, which includes the repayment of $69.7M upon the maturity of the Convertible Notes Due May 2022. The company has recently repurchased $10.8M in aggregate principal amount of its Convertible Notes due 2025 in the open market. As of June 6, the company has completed the sale of 12 vessels - 10 LR1s and two MRs - and has six vessels held for sale. The vessels held for sale are scheduled to be sold before the end of Q3.
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BDX | Hot Stocks06:53 EDT Becton Dickinson, CerTest Biotec enter collaboration on Monkeypox test - CerTest Biotec and BD announced a collaboration to develop a molecular diagnostic test for the Monkeypox virus. As part of the collaboration, the assay will leverage the BD MAX open system reagent suite to validate the CerTest VIASURE Monkeypox CE/IVD molecular test on the BD MAX System. The assay will be available for BD MAX users and may help advance understanding of the global spread of the disease. The BD MAX System is a fully integrated, automated platform that performs nucleic acid extraction and real-time PCR providing results for up to 24 samples across multiple syndromes in less than three hours. BD offers an extensive menu of tests on the system covering healthcare associated infections, respiratory infections, sexually transmitted infections, gastrointestinal infections, and women's health diagnostics. BD offers a suite of open system reagents for the BD MAX System that enables labs to fully automate and streamline their Lab Developed Tests, and BD can partner with customers to develop complementary assays on the system. As with all CerTest tests, the Monkeypox PCR Detection Kit for the BD MAX System will be offered in a lyophilized format. Accordingly, the test will come in a tube that snaps into the test-specific position on the BD MAX ExK TNA extraction strip, which is supplied by BD.
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UNH | Hot Stocks06:52 EDT UnitedHealth announces quarterly dividend of $1.65 per share - At its regular quarterly meeting, the Board authorized payment of a cash dividend of $1.65 per share, to be paid June 28 to common stock shareholders of record as of the close of business June 20.
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QTNT | Hot Stocks06:47 EDT Quotient, Theradiag announce partnership - Quotient announced an agreement with Theradiag, a "market leader" in autoimmune disease testing and pioneer in theranostics, under which the two companies will partner to advance autoimmune diagnostics by leveraging Quotient's MosaiQ platform.Under the new agreement, Theradiag will supply Quotient with autoimmune reagents and multi-constituent quality controls, for the development of autoimmune microarrays to be used on the MosaiQ solution. The parties intend the first application covered by their new collaboration will be a solution for Connective Tissue Diseases. CTD testing involves a complex diagnostic pathway which is based on the screening for Anti-Nuclear Antibodies and tiered testing for Extractable Nuclear Antigen Antibodies, to identify the exact autoimmune disease. Quotient believes that the integration of several autoantibody tests into a single multiplexed assay has the potential to transform autoimmune disease testing and by doing so to accelerate diagnosis and therapy selection.
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WD | Hot Stocks06:47 EDT Walker & Dunlop completes sale, financing of Houston property - Walker & Dunlop, Inc. announced that it completed the sale and structured acquisition financing for Flats at West Alabama, a 304-unit midrise apartment community located in Houston's most premium neighborhood, River Oaks.
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RHHBY | Hot Stocks06:45 EDT Roche announces European Commission approval of Lunsumio for r/r FL - Roche announced that the European Commission has granted conditional marketing authorisation for the CD20xCD3 T-cell engaging bispecific antibody Lunsumio, for the treatment of adult patients with relapsed or refractory, or R/R, follicular lymphoma, or FL, who have received at least two prior systemic therapies. "We are delighted that Lunsumio is the first bispecific antibody approved in Europe for people with relapsed or refractory follicular lymphoma. Lunsumio's high response rates, off-the-shelf availability, and initial outpatient administration could transform how advanced follicular lymphoma is treated," said Levi Garraway, M.D., Ph.D., Roche's Chief Medical Officer and Head of Global Product Development.
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KC | Hot Stocks06:43 EDT Kingsoft Cloud announces $100M share repurchase program - The company said, "Our board has authorized the company to repurchase up to $100M of our ordinary shares in the form of American depositary shares during a twelve-month period."
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WDC | Hot Stocks06:41 EDT Western Digital jumps 3.7% after announcing review to split Flash and HDD units - Shares of Western Digital are up 3.7% or $2.23 in early pre-market trading at $62.55. Late last night, the company announced a review of strategic alternatives following "constructive dialogue" with its investor Elliott Management that would consider a split of its Flash and HDD franchises.
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WWR | Hot Stocks06:38 EDT Westwater Resources receives air permit for Kellyton graphite processing plant - Westwater Resources has received its air permit from the Alabama Department of Environmental Management. The receipt of this key permit allows Alabama Graphite Products, a subsidiary of Westwater Resources, to begin vertical construction at the Kellyton graphite processing plant and requires compliance with the Clean Air Act. The receipt of the company's air permit from ADEM is the culmination of a seven-month process that included a technical review by ADEM and a public notice and comment period. On January 31, Westwater announced it had received its NPDES permit that requires facility construction to comply with the Federal Clean Water Act and regulates disturbances and any stormwater runoff from the Kellyton plant site.
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FSR | Hot Stocks06:37 EDT Fisker receives over 50,000 reservations for Fisker Ocean SUV - Fisker announced that reservations for its all-electric Fisker Ocean SUV surpassed 50,000. The company also revealed significant additional details about its second vehicle, the Fisker PEAR - Personal Electric Automotive Revolution -. The Fisker Ocean will start production at a carbon-neutral factory in Austria on Nov. 17. The Fisker PEAR will be fully revealed in the second half of 2023 and enter production at a plant owned by Fisker partner Foxconn in 2024. With development well underway, prototype testing is expected to begin at the end of 2022. The Fisker PEAR is a sporty crossover, smaller than the Fisker Ocean SUV.
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TMQ SOUHY | Hot Stocks06:35 EDT Trilogy Metals announces details of 2022 Field Exploration Program - Trilogy Metals (TMQ) announced that Ambler Metals, the joint venture operating company equally owned by Trilogy and South32 Limited (SOUHY), has commenced mobilization for the upcoming exploration field program at the Upper Kobuk Mineral Projects located in northwestern Alaska. The UKMP includes the Arctic deposit, the Bornite deposit, and prospective adjoining mining claims. On May 11, 2022, the owners of Ambler Metals approved an updated summer field program resulting in an overall fiscal 2022 budget of approximately US$26.2 million for the advancement of the UKMP. The entire amount is fully funded by Ambler Metals and will consist of a minimum 10,000 meters of diamond drilling with additional meters contingent on drill performance, weather and approval of supplementary budgets. The 2022 exploration program is aligned with the strategy developed by Trilogy and South32. Priorities are advancing Arctic with additional infill drilling to further improve the confidence in the resource and the completion of a geotechnical study to further de-risk the project. Exploration outside of the Arctic deposit will focus on discovering copper-rich satellite deposits near Arctic, and in the Cosmos Hills and the Ambler Lowlands along strike from Bornite. Preparations are underway with the mobilization of crews and equipment in progress, and drilling is expected to commence in early June. Major Drilling was awarded a multi-year contract to provide three diamond drill rigs with crews. Major has experience at the UKMP from drill campaigns in 2017, 2018 and 2019. The drill program is helicopter-supported and is based out of Ambler Metals' expanded 90-person camp at Bornite.
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THO | Hot Stocks06:34 EDT Thor Industries reports consolidated RV backlog as of April 30 of $13.88B - "I am pleased to report this quarter that THOR once again managed through an uncertain business environment to achieve record net sales and profitability across many of our brands. Our teams have done an exceptional job navigating continued supply chain and labor constraints while still fulfilling ongoing dealer and consumer demand for our products. Net sales for our fiscal third quarter increased 34.6%, net income attributable to THOR grew 89.9% and our gross margin improved by 270 basis points compared to the fiscal third quarter of 2021. Our growth and profitability is a result of our ongoing commitment to prudent operational and financial management," said Bob Martin, President and CEO of THOR Industries. "At the end of our fiscal third quarter, due to the outstanding production efforts of our team members, our independent dealer inventories of towable RV products were at more historically normal levels. Due to continued high demand for our motorized RVs and persistent global chassis supply constraints, our independent dealer inventories of motorized products were still below optimal levels. We do not expect motorized RV inventory levels to return to more historically normal levels until early in calendar 2023. We continue to make progress in managing and fulfilling our order backlog. In the third quarter, we decreased our backlog by more than 3% to $13.88 billion compared to the third fiscal quarter of 2021. This calendar year, we have reduced the backlog, which was $17.73 billion as of January 31, 2022, by 21.7% at the end of our third fiscal quarter on April 30, 2022. We are very pleased with our progress, and we believe that the current backlog, while still elevated, is indicative of healthy long-term demand for our RV products. As we have reported, we actively verify the backlog on an ongoing basis and will continue to do so to make sure that it is aligned with both our dealers' inventory needs and retail demand. To be clear, the current level of our backlog remains elevated, and we continue to be focused on opportunities to lower it to more traditional levels. We remain disciplined in aligning production to meet current demand without overproducing and overloading our independent dealer channel. In order to align production with retail demand, we pulled back on towable production in the latter half of our fiscal third quarter. On a historical basis, we have prudently and proactively managed our production rates category-by-category based on market conditions, and we are doing so again today," said Martin.
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MNOV | Hot Stocks06:34 EDT MediciNova's MN-166 shows positive top-line Phase 2 results in COVID-19 - MediciNova announced positive top-line results from MediciNova's Phase 2 clinical trial of MN-166 - ibudilast - in hospitalized COVID-19 patients at risk for developing acute respiratory distress syndrome, or ARDS. MN-166 demonstrated large improvements compared to placebo for all four clinical endpoints analyzed. The trial achieved statistical significance for one of the co-primary endpoints, the proportion of subjects free of respiratory failure. The trial also achieved statistical significance for the proportion of subjects discharged from the hospital. Co-primary endpoint of the proportion of subjects free from respiratory failure at Day 7: 71% of subjects in the MN-166 group and 35% of subjects in the placebo group. Co-primary endpoint of clinical status at Day 7: 71% of subjects in the MN-166 group and 47% in the placebo group. Proportion of subjects discharged from the hospital at Day 7: 65% of subjects in the MN-166 group and 29% in the placebo group. Subjects with worsening of clinical status at Day 7: 0% of subjects in the MN-166 group, 24% in the placebo group. There were two deaths in the placebo group and no deaths in the MN-166 (ibudilast) group. There were no serious adverse events related to MN-166. The company plans to discuss the results of this study with the FDA and get their feedback to determine next steps.
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AZTA | Hot Stocks06:33 EDT Azenta to acquire Barkey Holding for EUR 80M - Azenta, announced that it has entered into a definitive agreement to acquire Barkey Holding GmbH and its subsidiaries, a provider of controlled rate thawing devices to medical, biotech and pharma industries. Barkey is headquartered in Leopoldshohe, Germany. Barkey has over four decades of expertise in the automated thawing of plasma, blood and stem cells and has more recently focused on cell and gene therapy applications. Its key product lines are used for controlled rate thawing of cryopreserved samples and therapies. These products are used in R&D, clinical trials, GMP manufacturing and in hospitals. Barkey's plasmatherm product is an automated cell thawing device approved by the FDA as a medical device for clinical use. The total cash purchase price for the acquisition will be approximately EUR 80M. The transaction is expected to close in early July upon satisfaction of customary closing conditions. Co-owners Chris Barkey and Thomas Barkey, and COO Armin Nowack, who have led the company for over 20 years, will join Azenta and continue to lead the business as part of the Life Sciences Products segment. Barkey generated approximately EUR 17M in revenue over the last twelve months ending March 31st. The company expects the acquisition to be accretive to non-GAAP earnings immediately and to become accretive to GAAP-based earnings within the first year of ownership.
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THO | Hot Stocks06:32 EDT Thor Industries expects retail demand for 2022 'will be strong' - "The RV industry's calendar 2022 retail selling season has been impacted by the current macroeconomic conditions faced by consumers, and while North American industry retail towable demand is anticipated to be lower than the historically high levels of recent quarters, it remains robust as enthusiasm for the RV lifestyle continues to grow. Motorized industry retail demand continues to outpace the industry's ability to produce given the limitations on chassis supply. Industry retail registrations in the first calendar quarter of 2022, while below the record levels of 2021, exceeded both 2020 and 2019 registrations in both North America and Germany. We believe retail demand for the remainder of our Fiscal Year 2022 and the beginning of Fiscal 2023 will be strong, barring additional macroeconomic impacts, and we expect calendar year 2022 North American RV industry retail sales of between 460,000 and 480,000 units, which would represent one of the best years of North American RV retail sales on record," continued Woelfer. "Based on the recent moderation of North American retail demand, the RV Industry Association recently reduced its North American wholesale forecast for calendar year 2022 shipments to be between 537,800 and 561,900 units with a most likely total of 549,900 units. We agree with the revised lower end of the wholesale RVIA's forecast, and we believe it is in alignment with our forecasted RV industry retail sales as a number of the wholesale units shipped so far this year were used to restock dealer towable inventories to more normalized levels. Looking ahead to the second half of the calendar year, we expect RV Industry wholesale shipments and retail RV sales to be closer to one-to-one parity, as we work to manage wholesale production to align with retail demand. As the world's leading RV manufacturer, we recognize the importance of maintaining production discipline as we strive to fulfill dealer orders that are in balance with retail sales forecasts. Our production discipline is greatly valued among our dealer partners as we work to protect the long-term interests of our customers and the industry," concluded Woelfer. "As always, we remain focused on driving growth, profitability and long-term value for all of our stakeholders. We are currently implementing many strategic and innovative initiatives to expand our industry leadership position in fiscal year 2023 and beyond. We look forward to sharing our long-term vision, priorities and financial targets with you at our Investor Day in late June," added Martin.
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BDNNY | Hot Stocks06:31 EDT Boliden launches Green Finance Framework - To further support the development in the area of sustainability towards current targets a Green Finance Framework is launched that enables the issuance of green bonds and loans. Financing under the framework will be earmarked for projects and investments within energy efficiency, pollution prevention and control, research & development and clean transportation. Examples of important projects that could be financed under the framework include energy and heat recovery, process and mine electrification, water purification, waste reduction and extraction of metal from residual and recycled materials.
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RCGCF | Hot Stocks06:18 EDT RosCan Gold outlines potential resource growth beyond first MRE - Roscan Gold Corporation is pleased to present its ongoing exploration activities and potential resource growth beyond the recently announced first mineral resource estimate. The ongoing exploration activities have been focused on two key areas: 1) The expansion of the maiden resource within the MRE areas, which it is estimated to currently comprise a potential additional resource in the range of 8Mt at 1.0 g/t Au to 30Mt at 0.8 g/t Au and; 2) outside the MRE, which has seen substantial positive exploration results but has not yet been captured in the reported MRE. Key Highlights: 17,890 meters out of the 20,000 m ongoing drilling program have been completed beyond the drilling data included in the MRE. 8,050 m are infill drilling in the resources areas focuses under the 1,500 USD pit shell and 5,500 m of step out drilling program in the vicinity of the resource zones. Drilling prioritization to favor areas of immediate upside potential such as the Exploration Target areas at Mankouke South, Kabaya and Kandiole KN1 resource areas, including the oxide and sulphide mineralization, their satellites and extensions. Additional areas of prioritization outside the MRE area includes the discoveries at Disse and Walia, and Mankouke West along with the strong potential of Bantanko East and Segondo West and several other targets in in the Siribaya-Mankouke-Seko structural corridor. Further potential to increase the resource estimates with LeachWELL assay process: Only 18% of current drilling has now been assayed by LeachWELL which thus far has shown substantial improvements in areas tested; increasing between 10% and 40 %. Roscan plans to expand the use of LeachWELL on its existing resource base and to use it extensively for all future drilling. Nana Sangmuah, President & CEO, stated, "We are extremely excited by our MRE that suggests a stand-alone potential operation with over a million ounces delineated in the indicated category at a very conservative gold price of $1500/oz. We are even more excited by the growth potential to be unlocked with over 5,500 meters of drilling completed in our expanded resource target areas and newer discoveries like Disse. Our goal is to continue to explore and to convert these potential growth areas into additional ounces in constrained pits in the coming months."
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AZN | Hot Stocks06:15 EDT Phase 3 study shows AstraZeneca's Evusheld protected against severe COVID - The company states: "Detailed results from the TACKLE Phase III outpatient treatment trial showed AstraZeneca's Evusheld provided clinically and statistically significant protection against progression to severe COVID-19 or death from any cause compared to placebo, with treatment with Evusheld earlier in the disease course leading to more favourable outcomes. The data have been published in The Lancet Respiratory Medicine. TACKLE was conducted in non-hospitalised adults with mild-to-moderate COVID-19 who were symptomatic for seven days or less. In the trial, 90% of participants were at high risk of progression to severe COVID-19 due to co-morbidities or age. In TACKLE, a single 600mg intramuscular (IM) dose of Evusheld significantly reduced the relative risk of progressing to severe COVID-19 or death (from any cause) by 50% (95% confidence interval 15, 71; p=0.010) through day 29 compared to placebo in non-hospitalised patients with mild-to-moderate COVID-19 who were symptomatic for seven days or less, the trial's primary endpoint. In pre-specified analyses of participants who received treatment within three days of symptom onset, Evusheld reduced the risk of developing severe COVID-19 or death (from any cause) by 88% compared to placebo (95% CI 9, 98), and the risk reduction was 67% (95% CI 31, 84) when participants received Evusheld within five days of symptom onset" Reference Link
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RCGCF | Hot Stocks06:12 EDT RosCan Gold announces interim resources at Kandiole Project in Mali - Roscan Gold is pleased to announce its initial, pit-constrained, interim NI 43-101 compliant Mineral Resources reported at a gold price of only 1,500 USD per oz, of 27.4 million tonnes grading 1.2 g/t Au totaling 1.02 million ounces of gold in the Indicated Category and 5.2 million tonnes grading 1.2 g/t Au totaling 198,000 ounces of gold in the Inferred category at its Kandiole project in Mali. Roscan's maiden pit constrained Mineral Resource includes gold mineralization from six mineral deposits: Mankouke South, Mankouke Central, Kandiole1, Kandiole 2 and 4, Kabaya and Moussala. The discovery areas of Disse, Walia and Mankouke West were not included in the maiden resource due to lack of sufficient drilling to date but will be areas of upside for future exploration. The cutoff date for data used in the resource estimate was March 25 th 2022. Since March 25 th , Roscan has continued its drilling campaign to infill and extend the saprolite resource area and to follow up on the deeper mineralization at the Mankouke South and Kandiole targets. Drilling results have encountered plunging zones of mineralization that remain open, which are currently being drilled and assayed. Key Highlights: Robust initial Mineral Resource reported at a 0.3 g/t Au and 0.42 cut-off grade and $1500 per ounce gold price; Indicated Mineral Resource of 27.4mt at 1.2 g/t Au, and Inferred Mineral Resource of 5.2mt at 1.2 g/t Au; Resource calculation sensitivity at a 0.5g/t Au cut-off and $1500 per ounce gold price; Indicated Mineral Resource of 20.0mt at 1.5 g/t Au, and Inferred Mineral Resource of 3.8mt at 1.4 g/t Au; Preliminary pit shells at Mankouke South indicate a low strip-ratio resource that is mostly oxide, with a robust starter pit of between 5.3 million tonnes at 2.2 g/t and 4.5 million tonnes at 2.6 g/t; Resource model sensitivities at various gold prices highlight low strip ratios from pit shells ranging from 2.4:1 to 2:7:1; Mineral resource with 84% captured in the indicated category and minimal sensitivity to lower gold prices. Further potential to improve resource estimates with LeachWELL assay process. Only 18% of current drilling has now been assayed by LeachWELL which thus far has shown substantial improvements with tested area's lower-grades increasing between 10% and 40 %. Roscan plans to expand the use of LeachWELL on its existing resource base and to use it extensively for all future drilling. Further Exploration Upside; Significant potential to increase the size of the MR with both the currently ongoing and future drilling programs. Identified mineralization under continued exploration include the follow up on the oxide and sulphide mineralization at Mankouke South, Kabaya and Kandiole KN1 resource areas, including their satellites and extensions. Nana Sangmuah, President & CEO, stated , "This mineral resource suggests a stand-alone project status for the Kandiole Gold Project. The good metallurgical recoveries, high-grade starter pit, low strip ratios, and the high-quality resource with 84% included in the indicated resource category and 72% within saprolite, points to a potential high-margin LOM operation. Importantly, this initial resource is just the beginning for the overall project potential, the mineral resource remains open to further growth with the pending results from our incremental drilling, which remains ongoing. In addition, there are 3 advanced targets and discoveries not yet captured to be included in subsequent updates, such as demonstrated by the drilling success at Walia, Disse and Kandiole North extension. Management intends to commence in short order environmental studies to facilitate the permitting and further de-risking project development. We are encouraged by the ultimate scale potential at the Kandiole Project which we believe has significant upside and clearly positions Roscan amongst the few junior resource companies that can transition from early exploration to a significant mining operation."
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AMCR | Hot Stocks06:08 EDT Amcor unveils product rebrand highlighting sustainable packaging options - Amcor unveiled a product rebrand designed to give customers a clearer, holistic view of its growing portfolio of more sustainable packaging solutions. The company said, "This significant marketing effort provides customers with greater visibility and transparency of Amcor's extensive product portfolio that has grown over the years through innovation and strategic acquisitions. The redesign of Amcor's innovative product portfolio highlights three key differentiating benefits for customers: the most advanced solutions in more sustainable packaging; product functionality and differentiated solutions for high growth market segments such as healthcare, dairy and protein; and performance characteristics across a wide range of material options."
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OPY | Hot Stocks06:06 EDT Oppenheimer appoints John Putrino as co-head, real estate investment banking - Oppenheimer & Co. announced the continued expansion of its Financial Institutions team with the appointment of John Putrino as Co-Head of Real Estate Investment Banking and Head of Lodging & Leisure Investment Banking, working alongside Cliff Booth, who previously joined as Head of Specialty Finance and Co-Head of Real Estate Investment Banking. Putrino will report to Gilbert Dychiao, Head of Financial Institutions at Oppenheimer. Putrino was most recently Head of Lodging & Leisure Investment Banking and Managing Director at Janney Montgomery Scott.
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LMDX | Hot Stocks06:04 EDT LumiraDx receives CE Mark for two multiplex tests - LumiraDx announced that it has achieved CE Mark for two new Fast Lab Solutions molecular tests, including Dual-Target SARS-CoV-2 STAR Complete and SARS-CoV-2 & Flu A/B RNA STAR Complete. These high-sensitivity and high-throughput tests help to expand testing capabilities across the globe. LumiraDx's continued innovation of its qSTAR technology, which utilizes a single-step direct method for nucleic acid extraction and amplification on validated open RT-PCR instruments, has led to the development of multiplexing capabilities. The LumiraDx SARS-CoV-2 & Flu A/B RNA STAR Complete assay allows for the simultaneous detection and differentiation of influenza A, influenza B, and SARS-CoV-2. SARS-CoV-2 & Flu A/B RNA STAR Complete compares to high sensitivity RT-PCR with a positive percent agreement of 94.1% for SARS-CoV-2, and 92.3% for influenza A, and 95.7% for influenza B and a negative percent agreement of greater than99.5% in symptomatic individuals. The Dual-Target SARS-CoV-2 STAR Complete multiplex assay simultaneously detects two gene markers to identify the presence of SARS-CoV-2, which will meet certain regulatory requirements in numerous regions that need two or more targets for a COVID-19 diagnostic. Compared to a high sensitivity RT-PCR, Dual-Target SARS-CoV-2 STAR Complete proved to have a PPA of 97.7% for SARS-CoV-2 and a NPA of 100% in symptomatic individuals.
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STEP | Hot Stocks06:03 EDT Multiverse raises $220M in Series D funding round - Multiverse has closed a $220 million Series D funding round at a post-money valuation of $1.7 billion, doubling its valuation from eight months ago. The latest round was co-led by StepStone Group, and returning investors Lightspeed Venture Partners and General Catalyst. The funding will be used to accelerate US expansion and broaden the range of learning programs, creating more routes to career progression for apprentices and helping organizations close digital skills gaps across their workforce. Founders Circle Capital and existing investors Audacious Ventures, BOND, D1 Capital Partners, GV and Index Ventures also participated in the round, bringing total funding to over $400 million.
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OCFT | Hot Stocks05:53 EDT OneConnect announces increase to share repurchase program - OneConnect announced its board of directors has approved to upsize its share repurchase program announced on February 24 by 1% of the total outstanding ordinary shares, pursuant and subject to applicable laws and the company's securities trading policy. As a result, after this upsize, the company may purchase its own American depositary shares up to 3% of the total outstanding ordinary shares before September 30. OneConnect expects to fund the repurchase from its existing cash balance.
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JG | Hot Stocks05:53 EDT Aurora Mobile launches Overseas Messaging Cloud Solution - Aurora Mobile announced it has recently launched its Overseas Messaging Cloud Solution to serve Chinese enterprises' international expansion as well as overseas markets. By integrating multiple messaging products such as JPush, SMS, email, JG UMS and other messaging products, the Solution focuses on the integration and management of multiple channels to help enterprises reach overseas users more efficiently. With this, Aurora Mobile helps Chinese enterprises who seek international expansion to build closer and more efficient connections with users, supporting their sustainable and efficient development in overseas markets. With the messaging cloud at its core, the Solution will act as an important part of the company's 2022 strategy to develop new growth drivers.
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HUIZ | Hot Stocks05:51 EDT Huize partners with Ruihua Health to launch 'Guardian Critical Care No.5' - Huize Holding announced that it has partnered with Ruihua Health Assurance to launch "Guardian Critical Care No.5", a customized multiple-benefit critical illness insurance product. There are four key product highlights of "Guardian Critical Care No.5": (i) extensive coverage for 120 severe illnesses, 35 moderate illnesses and 40 mild illnesses; (ii) up to 6 claims for mild-to-severe illnesses (at least one severe illness claim) for up to 900% of the original sum assured in total; (iii) optional benefit equal to 50%/40%/30% of the original sum assured for the 1st/2nd/3rd treatment of severe malignant tumors; and (iv) optional benefit equivalent to 60% of the original sum assured for critical illnesses that occur before the age of 60.
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DXC | Hot Stocks05:50 EDT DXC Technology awarded a multi-year contract with European Space Agency - DXC Technology has been awarded a multi-year contract to deliver network and security services to provide the European Space Agency's international workforce of scientists, engineers and IT specialists with scalable and secure network services enabling them to collaborate seamlessly from anywhere on their space activities. Through the agreement, DXC will contribute to ESA's work to develop Europe's space capability, helping enable missions that study the Universe, explore our Solar System and orbit Earth, obtaining crucial data that allow us to monitor and mitigate the effects of climate change. DXC will help transform ESA's terrestrial network environment with the latest software-defined network technology designed to improve network scalability, performance, and security. As a result, ESA's global workforce will collaborate more efficiently with colleagues and international partners on some of the world's leading science and exploration missions. In parallel, the implementation of DXC's Platform X, a new data-driven intelligent automation platform, will enable ESA to achieve a state of silent operations for its network and security systems.
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PLUG | Hot Stocks05:49 EDT Plug Power to build green hydrogen generation plant at Port of Antwerp-Bruges - Plug Power will build a 35-tons-per-day green hydrogen generation plant at Port of Antwerp-Bruges in the heart of Europe. Plug signed a 30-year concession agreement to build the plant at the Belgian port, the second largest in Europe. Plug plans to erect a 100-megawatt green hydrogen plant, using its own electrolyzer and liquefaction technology, on 28 acres of land leased under the agreement. Plug will produce up to 12,500 tons per year of liquid and gaseous green hydrogen for the European market. Construction of the plant will begin upon completion of the permitting process, anticipated in late 2023. Initial production of green hydrogen is expected in late 2024, and plant commissioning will be in 2025.
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