Stockwinners Market Radar for June 22, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
MKFG | Hot Stocks20:06 EDT Cathie Wood's ARK Investment bought 134.7K shares of Markforged today
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TSP | Hot Stocks20:06 EDT Cathie Wood's ARK Investment bought 40.8K shares of TuSimple today
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MOS | Hot Stocks19:09 EDT Mosaic reports May Potash revenue $539M vs. $246M y/y - Reports Phosphates revenue $502M vs. $327M y/y and Mosaic Fertilizantes revenue $786M vs. $336M y/y.
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MNOV | Hot Stocks19:01 EDT MediciNova announces MN-001 research collaboration with Juntendo University - MediciNova announced that it will initiate a comprehensive research collaboration with Juntendo University, School of Medicine to evaluate the mechanism of the action of MN-001 on lipid metabolism and metabolic syndrome. The lead collaborator is Takashi Mitsui MD, Ph.D., professor and the chair of the Department of Laboratory Medicine, a known leading expert on lipid metabolism who specializes in dyslipidemia and metabolic syndrome. Kazuko Matsuda, MD, Ph.D., MPH, Chief Medical Officer of MediciNova, Inc, commented, "MN 001 is a novel orally-administered compound with multiple mechanisms, and its anti-fibrotic and anti-inflammatory effects have been observed in multiple animal models studies. It has also been observed to reduce serum triglyceride levels for patients with high serum triglycerides in multiple clinical trials conducted previously. In the phase 2 trial in NASH/NAFLD patients with hypertriglyceridemia, MN-001 (tipelukast) reduced serum triglycerides, increased high-density lipoproteins (HDL-C), and reduced low-density lipoproteins (LDL) during the 12-week treatment period. Furthermore, the improvements in the serum lipid profile were more significant in the patients with type 2 diabetes/prediabetes. We believe this research collaboration will provide new insights into the mechanism of action of MN-001 in the lipid metabolism and metabolic syndrome field and identify the conditions that would benefit from MN-001 treatment."
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META | Hot Stocks18:47 EDT Meta Platforms CEO: Metaverse will be a big theme for us over next decade - In an interview on CNBC's Mad Money, Mark Zuckerberg said the defining trait of the Metaverse is the ability to feel a sense of presence. He feels the Metaverse will be the next way people express themselves across social media. The company intends to build the whole stack related to the Metaverse, he added. "Metaverse will be as big as our current social media business," he noted. There is going to be a "massive economy" surrounding the Metaverse, he said, and the company can afford to make big research investments in it. Eventually he expects a billion+ people in the Metaverse spending significant amounts of money. "AI is a massive wave that we're riding for all of our services. We're currently positioning the company to drive the wave of AI innovation," he noted. More and more content on social media will come from AI recommendations going forward. Zuckerberg doesn't expect to replace Cheryl Sandberg's role directly. Her responsibilities will be shared by several people, he added. Going forward, he plans to continue to invest in AI and the Metaverse.
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NRXP | Hot Stocks18:36 EDT Class action suit against NRx Pharmaceuticals dismissed - NRx Pharmaceuticals announced that on June 13, the plaintiffs in the securities class action lawsuit captioned "Dal Bosco v. NRx Pharmaceuticals, Inc. et al." filed a notice in the U.S. District Court for the District of Delaware voluntarily dismissing the action against NRx Pharmaceuticals and its former officers. The dismissal was made without prejudice.
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MRK | Hot Stocks18:29 EDT Merck says CDC panel votes to provisionally recommend use of Vaxneuvance - Merck announced that the U.S. Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices unanimously voted to include VAXNEUVANCE as a recommended option for vaccination in infants and children, including routine use in children under 2 years of age. Specifically, the ACIP voted to recommend that VAXNEUVANCE may be used as an option to the currently available 13-valent pneumococcal conjugate vaccine for children aged under 19 years according to currently recommended PCV13 dosing and schedules. Additionally, the ACIP unanimously voted to include VAXNEUVANCE in the Vaccines for Children program. These provisional recommendations will be reviewed by the director of the CDC and the Department of Health and Human Services, and final recommendations will become official when published in the CDC's Morbidity and Mortality Weekly Report.
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RDUS | Hot Stocks18:25 EDT Menarini, Radius Health submit NDA to FDA for elacestrant - The Menarini Group and Radius Health announced that Menarini, with support from Radius, has submitted a New Drug Application to the U.S. Food and Drug Administration for elacestrant in patients with ER+/HER2- advanced or metastatic breast cancer. As part of the submission, the companies have requested Priority Review with the FDA. If Priority Review is granted, the companies anticipate that the FDA would conduct an 8-month review, incorporating a 6-month priority designation review. The NDA submission is based on positive phase 3 data from the EMERALD study that was previously announced on October 20, 2021. EMERALD met both of its primary endpoints, which were progression-free survival in the overall population and PFS in the estrogen receptor 1 mutation subgroup as compared to standard of care with the options of fulvestrant or an aromatase inhibitor.
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MATX | Hot Stocks18:05 EDT Matson raises quarterly dividend to 31c per share from 30c - The dividend will be paid on September 1, 2022 to all shareholders of record as of the close of business on August 4, 2022.
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TWI | Hot Stocks17:35 EDT Titan International CEO Reitz sells $718K in company shares - Titan International CEO Paul Reitz disclosed in a filing that he had sold 40,000 shares of company stock at $17.95 per share, on June 21, for a total transaction amount of $718,128.
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RRGB | Hot Stocks17:31 EDT Red Robin CEO Paul Murphy to retire at year-end 2022 - Red Robin Gourmet Burgers announced that Paul Murphy, President and CEO, has informed the company's Board of Directors that he intends to retire at the end of 2022 when his employment agreement expires. Murphy will be assisting the Board as they search to identify a successor and will remain as a special advisor until March 31, 2023 to work with the Board and his successor to ensure a smooth transition of leadership.
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APO | Hot Stocks17:30 EDT Apollo, Hostplus partner to launch $1.25B Asia Pacific Credit Strategy - Apollo announced the formation of an Asia Pacific Credit Strategy in strategic partnership with Hostplus, one of the five largest superannuation funds in Australia. The new strategy launches with $1.25B in assets, following an inaugural raise that includes a $500M anchor commitment from Hostplus alongside Apollo's internal and affiliated insurance balance sheets. The dedicated strategy brings Apollo's global credit platform together with local expertise to capitalize on growing demand for private credit across Asia Pacific, providing companies and sponsors with flexible and bespoke solutions. The Asia Pacific Credit Strategy is designed to leverage Apollo's credit expertise and differentiated asset origination to source high-quality opportunities across the yield spectrum. Today, Apollo has more than $10B of assets under management invested in the region and a growing team of nearly 60 investment professionals. Last year, Apollo appointed Partner Matt Michelini as Head of Asia Pacific, now based in Singapore, and hired an Australia-based credit team led by Partner Anthony Hermann, among other key additions. Apollo Co-President Jim Zelter said, "This strategy is a natural extension of our global credit capabilities and reflects growing demand in the region for flexible, expedient capital solutions from non-bank lenders. We are pleased to launch Asia Pacific Credit in alignment with our long-term partners at Hostplus, who share in our disciplined investment philosophy."
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NOC | Hot Stocks17:19 EDT Northrop Grumman awarded $248.23M Navy contract modification - Northrop Grumman was awarded a $248.23M modification to a previously awarded fixed-price incentive contract. This modification adds scope to procure two additional low rate initial production Lot 5 MQ-4C Triton unmanned aircraft systems for the Navy. Work is expected to be completed in February 2027. FY22 aircraft procurement funds in the amount of $248.23M will be obligated at the time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity.
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CPHI | Hot Stocks17:17 EDT China Pharma receives noncompliance letter from NYSE - China Pharma announced that on June 15, the company received a letter from NYSE American stating that the company was not in compliance with the continued listing standards as set forth in Section 1003 of the NYSE American Company Guide. In order to maintain its listing, the company must submit a plan of compliance by July 15 addressing how it intends to regain compliance with Section 1003 of the company guide by December 15, 2023. If the plan is accepted, the company may be able to continue its listing but will be subject to periodic reviews by the exchange. If the company does not submit a plan or if the plan is not accepted, delisting proceedings may commence. If the plan is accepted but the company is not in compliance with the continued listing standards by December 15 or if the company does not make progress consistent with the plan, the exchange may initiate delisting procedures. The company's management is pursuing options to address the deficiency and intends to submit a compliance plan on or before the deadline set by the Exchange.
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GGPI | Hot Stocks17:12 EDT Gores Guggenheim stockholders approve Polestar business combination - Gores Guggenheim's stockholders voted to approve the proposals required to complete its combination with Polestar Performance and its affiliates, the global pure play, premium electric performance car company. Warrant holders also voted to approve the proposals presented at the meeting of the company's warrant holders. The closing of the business combination is expected to occur tomorrow, June 23, subject to the satisfaction or waiver of all closing conditions. Following the consummation of the business combination, Polestar's common stock is expected to begin trading on Nasdaq on June 24 under the new ticker symbol "PSNY."
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ATKR | Hot Stocks17:01 EDT Atkore acquires United Poly Systems - Atkore has acquired United Poly Systems, a manufacturer of High Density Polyethylene pressure pipe and conduit, primarily serving telecom, water infrastructure, renewables, and energy markets. United Poly Systems is the company's fourth acquisition in FY22, and over the past six months, the company has deployed more than $250M dollars towards M&A. United Poly Systems has manufacturing locations in Springfield, Missouri, and Albuquerque, New Mexico with approximately 160 employees. It will continue operating at both locations. United Poly Systems was previously owned by Industrial Opportunity Partners, an operations-focused private equity firm based in Evanston, Illinois.
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DRTT | Hot Stocks17:01 EDT Dirtt Environmental appoints Benjamin Urban CEO - DIRTT Environmental Solutions announced that Benjamin Urban is joining the company as its new CEO, effective June 27. Urban joins DIRTT from Agile Interiors, where he previously served as a business development executive for fifteen years.
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AURA | Hot Stocks16:48 EDT Aura Biosciences moves up approximately 6.4% after belzupacap sarotalocan data - Shares of Aura Biosciences moved higher by 84c per share or 6.4% in after-hours trading on Wednesday afternoon to $14 per share after announcing results from a retrospective, matched case control study. This retrospective analysis assessed the visual acuity of patients following treatment with plaque radiotherapy compared with prospective data on visual acuity in subjects with early-stage choroidal melanoma treated with belzupacap sarotalocan by intravitreal administration in the Phase 1b/2 trial, NCT03052127.
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AURA | Hot Stocks16:43 EDT Aura gives AU-011 data, could be paradigm shift in choroidal melanoma remedy - Aura Biosciences reported results from a retrospective, matched case control study.This retrospective analysis assessed the visual acuity of patients following treatment with plaque radiotherapy compared with prospective data on visual acuity in subjects with early-stage choroidal melanoma treated with belzupacap sarotalocan by intravitreal administration in the Phase 1b/2 trial. "These results point to the high unmet medical need for a first line vision preserving therapy for the treatment of early-stage choroidal melanoma given the high levels of irreversible visual acuity loss with the current standard of care with radiotherapy," said Carol Shields, MD, Chief of the Ocular Oncology Service at Wills Eye Hospital and Professor of Ophthalmology at Thomas Jefferson University. "Being able to treat the disease early, avoid radiotherapy and spare long-term vision loss in many patients, as well as potentially reducing the risk of metastatic disease, could represent a paradigm shift in our approach to the treatment of choroidal melanoma. ..."We are committed to developing the first potential targeted therapy for patients with early-stage choroidal melanoma. We believe the visual acuity results of the retrospective matched case control study are exciting because they support the high unmet medical need for a long-term vision preserving therapy," said Dr. Cadmus Rich, Chief Medical Officer and Head of R&D of Aura Biosciences. "Belzupacap sarotalocan is currently being evaluated in a Phase 2 dose escalation clinical trial, AU-011-202, NCT04417530) using suprachoroidal administration in patients with early-stage choroidal melanoma. We remain on track to initiate our pivotal trial by the end of 2022."
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ACI | Hot Stocks16:42 EDT Albertsons says five largest stockholders extend lock-up agreements - In a regulatory filing, Albertsons stated: "On February 28, 2022, Albertsons Companies issued a press release in which its Board of Directors announced that it had commenced a Board-led review of potential strategic alternatives aimed at enhancing the Company's growth and maximizing stockholder value. The review would include an assessment of various balance sheet optimization and capital return strategies, potential strategic or financial transactions and development of other strategic initiatives to complement the company's existing businesses, as well as responding to inquiries. In order to support the company in its continuing evaluation of strategic alternatives, on June 21, 2022, entities affiliated with the company's five largest stockholders, Cerberus Capital Management, L.P., Kimco Realty Corporation, Klaff Realty, L.P., Lubert-Adler Partners and Jubilee Limited Partnership, who are each party to the lock-up agreement dated June 25, 2020, entered into an agreement, pursuant to which each Sponsor agreed to restrictions on its ability to sell or transfer shares of the company's Class A Common Stock that it owns beyond the expiration of the 2020 Lock-Up Agreement through September 10, 2022, the end of the Company's second fiscal quarter. The Extended Lock-Up Agreement supersedes the 2020 Lock-Up Agreement, which was due to expire on June 30, 2022. Under the terms of the Extended Lock-Up Agreement, each Sponsor agrees during the Extended Lock-Up Period, subject to certain exceptions set forth in the Extended Lock-Up Agreement, to not offer, sell, transfer, contract to sell, pledge or otherwise dispose of any shares of Common Stock that the Sponsor directly or beneficially owns as of the Effective Date. The Sponsors beneficially own, in the aggregate, 366,043,040 shares of Common Stock as of the Effective Date or approximately 87% of the shares that were subject to the 2020 Lock-Up Agreement."
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SGFY | Hot Stocks16:36 EDT Signify Health names Paymon Farazi as Chief Product Officer - Signify Health announced that Paymon Farazi will be joining the company as Chief Product Officer. Farazi brings more than two decades of experience leading product strategy for healthcare and technology companies to his role overseeing product strategy and design for the company's suite of payor and provider solutions.
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SMMT | Hot Stocks16:36 EDT Summit Therapeutics approves $100M rights offering - Summit Therapeutics has approved a rights offering available to all holders of record of the company's common stock, par value 1c as of the close of the market on July 5, the record date. The company intends to distribute to all holders of common stock as of the record date non-transferable subscription rights to purchase shares of common stock at a price per share equal to the lesser of $1.08 per share - the closing price of the Common Stock on June 22 -, or the volume weighted-average price of the common stock for the five consecutive trading days through and including the expiration date of the offering, currently contemplated to be August 5. Assuming that the rights offering is fully subscribed, the company will receive gross proceeds of up to $100M, less expenses related to the rights offering. CEO Robert Duggan, the beneficial owner of approximately 70% of Summit's common stock prior to this rights offering, and COO Maky Zanganeh, a member of the board and the beneficial owner of approximately 6.5% of the company's common stock prior to this rights offering, intend to participate in the rights offering, but have not indicated a minimum level of participation or made any formal binding commitment to participate.
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LDOS | Hot Stocks16:32 EDT Leidos announces DES contract valued at up to $11.5B upheld by GAO - Leidos announced that the Defense Enclave Services contract awarded by the Defense Information Systems Agency was upheld by the Government Accountability Office after a thorough and disciplined review. The single-award, indefinite delivery, indefinite quantity contract was initially awarded in February 2022 and holds a total estimated value of $11.5B if all options are exercised. It includes a four-year base period of performance followed by three two-year option periods.
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KAMN | Hot Stocks16:31 EDT Kaman invests $10M in Near Earth Autonomy - Kaman has invested $10 million in Pittsburgh, PA based Near Earth Autonomy in exchange for a minority interest in the outstanding equity of Near Earth and one seat on its board of directors. The investment by Kaman will allow Near Earth to accelerate its technology to establish an industry standard in autonomous solutions for the next generation of aviation. This partnership also leverages Kaman's core competency in precision parts manufacturing as the preferred manufacturer of autonomous parts and components for Near Earth. Since 2019, Near Earth has been a partner of Kaman on the autonomy technology for Kaman's K-MAX TITAN heavy-lift optionally piloted helicopter for the United States Marine Corps and the KARGO UAV unmanned aerial system.
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BDX | Hot Stocks16:16 EDT Becton Dickinson announces voluntary recall of intraosseous products - Becton Dickinson announced a voluntary recall on the BD Intraosseous Needle Set Kits, BD Intraosseous Manual Driver Kits and BD Intraosseous Powered Drivers. Certain lots within the expiration date of these intraosseous products may result in the following: Difficulty separating the stylet from the intraosseous needle, where increased force required to remove the stylet from the intraosseous needle results in inadvertent removal of the entire needle assembly during placement or inability to remove the stylet from an indwelling intraosseous needle, both resulting in functional loss of intraosseous access; Needle safety mechanism on the stylet not deploying post placement of the intraosseous needle and removal of the stylet from the needle; Metal discs intended to connect the needle assembly to the magnet in the powered driver sticking unexpectedly to the magnet, rendering the driver unable to be used. These issues may result in delays in care due to limited or non-functioning intraosseous access or could also lead to needlestick injuries.
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PRCH | Hot Stocks16:15 EDT Porch Group prevails on all counts in Kandela vs. Porch.com - Porch Group announced it had prevailed on all counts in the matter of Kandela, v. Porch.com . The presiding arbitrator has also determined that Porch, as the prevailing party, is entitled to reimbursement of its legal costs and expenses. The arbitral tribunal's decision is anticipated to be final and unappealable. In the dispute filed several years ago, owners and managing members of Kandel at such time filed a complaint against Porch.com in the Superior Court of the State of California, alleging breach of contract and other claims related to Porch's acquisition of the Kandela business, which included an earnout provision. The case was transferred to JAMS arbitration pursuant to the terms of the acquisition agreement. "We are pleased with the arbitrator's decision and are happy to have this matter and any related uncertainty behind us," said Matt Ehrlichman, Founder, Chairman and CEO of Porch Group.
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CENX | Hot Stocks16:14 EDT Century Aluminum to temporarily idle Hawesville facility - Century Aluminum announced it will temporarily idle its smelter in Hawesville, Kentucky, as a direct result of skyrocketing energy costs. The smelter is expected to begin the idling process on Monday, June 27. The company says it expects to idle operations for a period of approximately nine to twelve months until energy prices return to more normalized levels. Century continues to explore all available options to avoid the temporary curtailment. The Hawesville facility is the largest Century Aluminum smelter in the U.S. and the largest producer of military-grade aluminum in North America. It currently employs more than 600 workers, most of whom received notice under the WARN Act that they will be temporarily laid off. Century Aluminum is working with all of its employees and the local union to help identify unemployment support and training opportunities.
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ATNF | Hot Stocks16:13 EDT 180 Life Sciences: Goal is to develop TNF therapy for major unmet medical need - 180 Life Sciences released the following letter to stockholders from its Chief Executive Officer, Dr. James Woody: "After our press release press of last week, which included a synopsis of the letters received from the UK Medicine and Healthcare products Regulatory Agency MHRA and the US Food and Drug Administration FDA, we received numerous requests from our stockholders to clarify our plans at 180 Life Sciences for developing a novel therapy for patients with early-stage Dupuytren's disease and I would like to take this opportunity to bring you up to date.Our overall aim continues to be to develop new, patented uses for anti-tumor necrosis factor TNF therapy for major unmet medical needs. To achieve this, we plan to: Perform innovative "translational" clinical research to improve medical care for important unmet medical needs; and Execute on our business objectives to bring beneficial therapies to patients, and thus deliver value for our investors...Early-stage Dupuytren's disease DD affects millions of patients in the US and Europe and for which there is currently no approved therapy... A problem to overcome when aiming to fulfil unmet needs is the need to design new trials for conditions where there are no previously validated endpoints. Our endpoints for early-stage Dupuytren's disease, nodule hardness and size, were selected so as to obtain quantitative information in a reasonable timeframe, i.e., 1-2 years, as opposed to a trial that followed patients for a much longer period. Our trial met its primary endpoint, the hardness of the injected nodules and, importantly, also the secondary endpoint of nodule size. These were pre-specified before the clinical trial was started, so there is no 'cherry-picking' of data."
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KBH | Hot Stocks16:13 EDT KB Home jumps 4% to $27.75 after Q2 earnings beat
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KBH | Hot Stocks16:12 EDT KB Home reports ending backlog value up 43% at $6.12B - The company states: "Ending backlog value grew 43% to $6.12 billion, the highest second-quarter level in the Company's history, with each of the Company's four regions generating increases ranging from 18% in the West Coast to 98% in the Southeast. Ending backlog grew 23% to 12,331 homes."
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KBH | Hot Stocks16:12 EDT KB Home reports Q2 average selling prices up 21% at $494.3K - Q2 homes delivered were "essentially even" at 3,469.
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SNPS | Hot Stocks16:07 EDT Synopsys sees WhiteHat Security acquisition neutral to FY22 adjusted EPS - Synopsys announced that it has completed the acquisition of WhiteHat Security, a provider of application security Software-as-a-Service. Synopsys paid $330M in cash and expects the acquisition to be roughly neutral to FY22 non-GAAP earnings per share.
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RMTI DVA | Hot Stocks16:07 EDT Rockwell Medical receives second $7.5M investment from DaVita - Rockwell Medical (RMTI) provided an update on its recent capital raise and a clinical update on safety enhancements to its planned Phase 2 clinical trial of Ferric Pyrophosphate Citrate in home infusion patients. On June 16, Rockwell Medical closed the second $7.5M tranche of the DaVita (DVA) stock purchase agreement under which DaVita agreed to purchase up to $15M in convertible preferred stock in two tranches. This investment, in addition to the recent $15M financing, brings the total gross amount raised by Rockwell this quarter to $30M. There were no commissions paid on either investment. The planned Phase 2 proof of concept study design requires that three units of the existing FDA-approved IV product be compounded into a single unit for each patient dose. Because of this necessary step, the FDA requested that Rockwell perform a microbial challenge study, a standard study testing the potential for microbial growth.
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AMD | Hot Stocks16:07 EDT AMD appoints Mathew Hein as chief strategy officer - AMD announced that Mathew Hein is joining the company as chief strategy officer and senior vice president of corporate development, effective June 27. Hein will be responsible for advancing the company's strategy across an expanded market for high-performance and adaptive computing solutions and will work closely with the AMD executive team to accelerate the company's next phase of growth. Hein will report to AMD chair and CEO, Lisa Su. He joins AMD from DBO Partners, where he served as lead advisor to AMD on a number of opportunities.
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ZETA | Hot Stocks16:06 EDT Zeta Global names Candice Chafey chief people officer - Zeta Global announced that it has named Candice Chafey as Chief People Officer, effective immediately. Candice will lead Zeta's human resources team, spearhead Zeta's culture initiatives, and drive the company's employee experience strategy. As Zeta continues to grow its global workforce to create data-driven products and solutions that ignite profitable growth for the world's most sophisticated marketers, the Company is strengthening its commitment to the overall growth, development, and well-being of employees. This investment is outlined in the long-term Zeta 2025 plan, which was announced in February 2022. David A. Steinberg, Co-Founder, Chairman, and CEO of Zeta stated, "People are the most valuable asset at Zeta. As we continue to grow the business, we are committed to strengthening our employee-first culture, especially as the workplace is redefined in a post-pandemic world. Candice is the perfect person to take our talent development and culture to the next level as we seek to attract and elevate the best people to help our global customers accelerate growth in a challenging environment. I look forward to working closely with her to set our workforce up for long-term success."
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ATIF PEV | Hot Stocks16:06 EDT ATIF Holdings announces investment in Phoenix Motor - ATIF Holdings (ATIF) is pleased to announce that it has deepened its investments in emerging technology companies with an investment in Phoenix Motor (PEV) an electric drive system and vehicle maker.
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$ECON... | Hot Stocks16:05 EDT President Biden calls on Congress to suspend federal gas tax - U.S. President Joe Biden tweeted: "The price of gas is up by almost $2 a gallon since Putin accelerated his military build-up, and those high prices pose a challenge for working families. Today, I'm calling on Congress to suspend the federal gas tax for three months to provide Americans some much-needed relief." Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE). Reference Link
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DRTS | Hot Stocks16:04 EDT Alpha Tau announces first use of Alpha DaRT to treat prostate cancer patient - Alpha Tau announced that the first patient was treated in a feasibility study evaluating the alpha-radiation cancer therapy Alpha DaRT as a neoadjuvant therapy in patients with prostate cancer in Haifa, Israel. The primary objectives of this study are to assess the feasibility and safety of intratumoral Alpha DaRT source implantation for the treatment of local prostate cancer prior to surgery. Secondary objectives include assessing radiological and pathological objective response rate of the tumor, and changes in quality of life measures. The study can recruit up to 10 patients.
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XENE | Hot Stocks16:03 EDT Xenon provides update on additional data from XEN1101 program - Xenon Pharmaceuticals announced new, compelling efficacy data supporting the late-stage, Phase 3 development of XEN1101.Ian Mortimer, Xenon's President and Chief Executive Officer, stated, "We have generated additional efficacy data from sub-group analyses of our Phase 2b X-TOLE trial, which further support our Phase 3 development plans for XEN1101. A 'time course to efficacy' analysis shows that all doses of XEN1101 rapidly reduced the frequency of focal onset seizures within one week compared to placebo, suggesting that XEN1101 may offer a compelling and differentiated option for patients seeking to quickly reduce seizure frequency." Dr. Christopher Kenney, Xenon's Chief Medical Officer, commented, "Based on these Phase 2b efficacy data, we are including the secondary endpoint of 'Week 1 median percent change in seizure frequency' within the statistical hierarchy of the Phase 3 focal onset seizure trials to build upon the differentiated profile of XEN1101. Additionally, within our analysis of the open label extension population, we are seeing seizure frequency continuing to improve after the double-blind period with patients experiencing increased periods of seizure freedom. At the request of study investigators and based on the potential to continue to provide significant benefit to patients, we are extending the X-TOLE OLE from three to five years."
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LSCC | Hot Stocks16:00 EDT Lattice Semiconductor set to join Russell 1000 Index - Lattice Semiconductor Corporation announced it will move up to the Russell 1000 Index from the Russell 2000 Index, effective after the U.S. market opens on June 27, according to the FTSE Russell. Sherri Luther, CFO, said, "We are pleased with the move up to the Russell 1000 Index from the Russell 2000 Index and believe it reflects the tremendous progress we have made over the past few years. We are excited about the path we are on, as we continue to build shareholder value."
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ABT | Hot Stocks15:24 EDT FDA says investigating new complaint of death after infant had Abbott product - The U.S. Food and Drug Administration provided an update on the steps it has taken, and will continue to take, to ensure that American consumers have access to safe and nutritious infant formula in the coming weeks and months. In its update, the FDA stated in part: "To date, the FDA has reviewed and investigated a total of 129 complaints associated with Abbott Nutrition formula products. Of these, 119 complaints were reported after Abbott voluntarily recalled product on February 17. The FDA has previously reported its review of complaints related to nine infant deaths. Only two were associated with the Abbott Nutrition Sturgis plant investigation, and despite extensive investigation the evidence does not rule in or rule out a definitive link between these infant deaths and the product produced at Abbott Nutrition's Sturgis plant. The agency was notified of one additional consumer complaint on June 10, 2022, that resulted in an infant death in January 2022. The agency has initiated an investigation, given that the complaint referenced that the infant had consumed an Abbott product. However, the investigation of this most recent consumer complaint is in its preliminary stages and the agency will provide an update as it learns more."
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ABT | Hot Stocks15:21 EDT FDA updates on efforts to increase supply and availability of infant formula - The U.S. Food and Drug Administration provided an update on the steps it has taken, and will continue to take, to ensure that American consumers have access to safe and nutritious infant formula in the coming weeks and months. In its update, the FDA stated in part: "In the past month, the FDA has issued enforcement discretion letters for the importation of the infant formula products from six countries, with a total estimated quantity of 17 million cans, or about 365 million full-size, 8-ounce bottles. These products have already started to hit the U.S. market and more will appear on store shelves over the coming weeks and months. Consumers should have confidence that the infant formula that is being imported to the U.S. through this process involved a thorough review of the information provided by the companies, including details about the product's nutritional adequacy and safety, microbiological testing results, labeling information, and importantly, details about the manufacturing facility's food safety production practices and inspection history. The FDA takes its responsibility seriously to ensure the foods we eat are safe and meet our rigorous standards for quality and safety - this is particularly true for infant formula. While the FDA Food Safety Modernization Act requires the agency to inspect domestic food facilities at least once every 3 to 5 years, the FDA has a policy of annually inspecting infant formula manufacturers because the products serve as the sole source of nutrition for some of our most vulnerable consumers... The FDA is continuing to work to ensure infants and individuals with medical conditions who rely on certain specialty, amino acid-based and metabolic infant formula products have access to these life-sustaining products. Some of these products have been available on a case-by-case basis from Abbott Nutrition over the last several months because the risk of not having access to them could significantly worsen underlying medical conditions and in some cases pose life-threatening risks... Abbott Nutrition tested certain product lots that Abbott has held in storage since the FDA's Feb. 17 warning and the company's voluntary recall due to concerns that they were manufactured under insanitary conditions. These products have now undergone enhanced batch testing and the company reports none of the batches tested positive for Cronobacter, a bacterium that can cause severe foodborne illness primarily in infants. The enhanced testing provides further safety assurances to those seeking access to these products... Abbott recently announced that recent severe weather and rainfall resulted in flooding in areas of the Sturgis facility on Monday, June 13. While this is an unfortunate setback and a reminder that natural weather events can also cause unforeseen supply chain disruptions, Abbott is working quickly to assess the damage and will be reporting its progress to the agency in the days ahead. We will return to the facility and work closely with Abbott so that the Sturgis facility can restart producing safe and quality formula products as quickly as possible. Making sure that parents and caregivers have access to both safe and available infant formula remains a top priority for the FDA, and our teams are working night and day to help make that happen. Separately, given the overwhelming public interest in the FDA's prior inspections of the Sturgis facility, the FDA is also releasing establishment inspection reports for several previous Abbott inspections. As previously reported, during our 2019 and 2021 inspections, the agency collected and tested samples of finished products. These samples tested negative for pathogens. During these inspections, it was determined the firm had found batches of Cronobacter contaminated finished product and had taken the appropriate action to destroy three batches, two in 2019 and one in 2020, before distribution. Our most recent inspection in January 2022 was a for cause inspection due to consumer complaints of infant illnesses following consumption of infant formula produced at Abbott's Sturgis facility."
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NSANY WBX | Hot Stocks14:40 EDT Nissan, Wallbox to offer seamless home charging solution for Nissan EV owners - Nissan (NSANY) and Wallbox WBX), a leading provider of electric vehicle charging solutions, are working together to deliver Nissan electric vehicle owners a seamless one-stop shop solution for their home charging needs. Starting in early July, Nissan EV owners nationwide will be able to purchase Wallbox's Pulsar Plus level 2 home charger and schedule installation through the NissanUSA.com website. Nissan will provide a rebate on the charger and installation to customers who purchase through the program. The Pulsar Plus charger is one of the smallest smart universal EV chargers in North America, and can be installed in homes, apartment buildings and other multi-unit dwellings. Nissan's current EV offerings include the LEAF, on sale now with a refreshed design for the 2023 model year, and the all-new Ariya electric crossover, which will go on sale this fall.
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MGNI... | Hot Stocks14:28 EDT Magnite on watch following WSJ report on Netflix ad partnership considerations - Comcast's (CMCSA) NBCUniversal and Alphabet's (GOOGL) Google have become top contenders to partner with Netflix (NFLX) over the streaming giant's plan to establish an advertising-supported tier of its service, said The Wall Street Journal. Yesterday, AdAge had reported that Netflix could partner with more than one ad tech company to have a more open platform and said that Magnite (MGNI) had emerged as "a key potential supply-side partner." In Wednesday afternoon trading, Magnite shares remain up 11c, or 1%, at $10.46.
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TWTR | Hot Stocks13:31 EDT Twitter says it's 'testing a way to write longer on Twitter' - Twitter wrote earlier on its platform that it is testing a way to write longer on Twitter. "A small group of writers are helping us test Notes. They can be read on and off Twitter, by people in most countries," said the company in a tweet. Reference Link
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CNI... | Hot Stocks13:27 EDT North American rail traffic fell 2.8% for the week ending June 18 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending June 18. For this week, total U.S. weekly rail traffic was 501,207 carloads and intermodal units, down 2.5% compared with the same week last year. Total carloads for the week ending June 18 were 232,921 carloads, up 0.4% compared with the same week in 2021, while U.S. weekly intermodal volume was 268,286 containers and trailers, down 4.9% compared to 2021. Six of the 10 carload commodity groups posted an increase compared with the same week in 2021. They included grain, up 2,411 carloads, to 22,012; nonmetallic minerals, up 860 carloads, to 32,505; and motor vehicles and parts, up 833 carloads, to 13,366. Commodity groups that posted decreases compared with the same week in 2021 included metallic ores and metals, down 2,707 carloads, to 20,915; coal, down 1,539 carloads, to 66,281; and miscellaneous carloads, down 382 carloads, to 8,908.North American rail volume for the week ending June 18, on 12 reporting U.S., Canadian and Mexican railroads totaled 328,846 carloads, down 0.8% compared with the same week last year, and 353,209 intermodal units, down 4.6% compared with last year. Total combined weekly rail traffic in North America was 682,055 carloads and intermodal units, down 2.8%. North American rail volume for the first 24 weeks of 2022 was 16,198,883 carloads and intermodal units, down 3.6% compared with 2021. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL) and Wabtec (WAB). Reference Link
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MOD | Hot Stocks13:03 EDT Modine sets 2024 financial targets, including revenue CAGR of 6%-8% - Modine Manufacturing Company hosted an Investor and Analyst Day at The New York Stock Exchange in New York, NY. Members of the executive management team presented the Company's strategy to transform the Company and drive increased shareholder value. Guided by the Company's commitment to 80/20, management detailed multi-phased plans to improve margins and cash flows while also accelerating revenue growth. The highlights of the event included: The Company presented average annual revenue growth targets of 6 to 8 percent in the next two years, and 8 to 10 percent in the following three years, including a renewed focus on acquisitions. The Company presented adjusted EBITDA margin targets of 10 to 12 percent within the next two years, reaching 13 to 15 percent over the next five years. The Company's two new reporting segments - Performance Technologies and Climate Solutions - will manage the business around six verticals to drive a more focused and efficient organization. Modine already possesses the capabilities, products and solutions to profitably grow market share in key markets. The reallocation of capital and resources will allow the Company to prioritize previously under-resourced areas of the business and unlock significant value. The 80/20 approach is the governing philosophy for the entire organization. It is a systemic way of examining the business, focusing resources and emphasizing the highest return opportunities. Modine expects its multi-phased transformation will result in a more capital efficient and higher margin business focused on faster-growing markets supported by global megatrends. Fiscal 2024 Financial Targets: Revenue CAGR of 6 percent to 8 percent; Adjusted EBITDA margin of 10 percent to 12 percent; Capital expenditures of ~3 percent of revenue; Free cash flow 3 percent to 5 percent of revenue; Net leverage ratio target of 1.5x-2.5x. Fiscal 2027 Financial Targets; Revenue CAGR of 8 percent to 10 percent; Adjusted EBITDA margin of 13 percent to 15 percent; Capital expenditures of ~3 percent of revenue; Free cash flow 6 percent to 8 percent of revenue; Net leverage ratio target of 1.5x-2.5x.
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HILS | Hot Stocks13:00 EDT Hillstream CEO expects some human data for HSB-1216 by year-end
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HILS | Hot Stocks13:00 EDT Hillstream has enough resources to take company through Q2 2023, CEO says
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HILS | Hot Stocks13:00 EDT Hillstream CEO says at 'forefront' of emerging ferroptosis mechanism of action
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WOR | Hot Stocks12:46 EDT Worthington board increases quarterly dividend to 31c per share - The board of directors of Worthington Industries has declared a quarterly dividend of 31c per share, an increase of 3c per share or 11% from the prior quarter. The dividend is payable on Sept. 29, 2022, to shareholders of record on Sept. 15, 2022. Worthington has paid a quarterly dividend since it became a public company in 1968 and this marks the 12th consecutive year the company has increased its dividend.
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CCL | Hot Stocks12:40 EDT NJ Acting AG announces settlement with Carnival over 2019 data breach - Acting Attorney General Matthew J. Platkin announced that New Jersey is party to an overall $1.25 million settlement with Carnival Cruise Line that resolves a multistate investigation into a data breach that compromised the personal information of approximately 180,000 Carnival employees and customers nationwide. The multistate investigation determined that deficiencies in Carnival's data security program contributed to the breach in violation of state consumer protection and personal information protection laws. The investigation also determined that Carnival did not provide adequate notice of the breach to consumers and regulators. New Jersey will receive approximately $25,097 from the settlement. Overall, Carnival will pay the participating states a total of $1.25 million under the settlement and implement a number of new requirements that will strengthen Carnival's email security and data breach response practices going forward. In March 2020, Carnival publicly reported a data breach in which an unauthorized actor had gained access to certain Carnival employee e-mail accounts. As a result, employee and customer names, addresses, passport numbers, driver's license numbers, payment card information, health information, and a relatively small number of Social Security Numbers were compromised. A total of 3,100 New Jersey residents were impacted. Breach notifications sent to attorneys general offices stated that Carnival first became aware of suspicious email activity in late May of 2019-approximately 10 months before Carnival reported the breach. Under the settlement announced, Carnival has agreed to a series of provisions designed to strengthen its email security and breach response practices going forward. Those include implementation and maintenance of a breach response and notification plan; email security training requirements for employees, including dedicated phishing exercises; password policies and procedures requiring the use of strong, complex passwords, password rotation, and secure password storage; maintenance of enhanced behavior analytics tools to log and monitor potential security events on the company's network; and undergoing an independent information security assessment. In addition to New Jersey, the following states' Attorneys General participated in the settlement: Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Montana, North Carolina, Ohio, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. Reference Link
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STEP | Hot Stocks12:18 EDT Stepstone Real Estate, Blue Vista form student housing co-investment partnership - Blue Vista Capital Management and StepStone Real Estate announced a $90M co-investment partnership to invest in purpose-built student housing. The partnership's first transaction is a new development project at Georgia Tech, Theory Interlock. The co-investment is being executed as part of Blue Vista's value-add student housing strategy to pursue development and acquisitions at top-tier universities which can be repositioned to core buyers. Theory Interlock is part of the second phase of development at The Interlock, a mixed-use community in West Midtown Atlanta, which includes 200,000 square feet of technology-focused office space, 105,000 square feet for retail and restaurant space, 349 luxury apartments and 18 townhomes, 70 single family homes and the 161-room Bellyard, a Tribute Portfolio Hotel. Theory Interlock will connect to the buildings which were recently opened as part of the initial phase of development. The project is being developed with master developer SJ Collins Enterprises and Blue Vista affiliate student housing management company PeakMade Real Estate.
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IPG | Hot Stocks12:01 EDT Interpublic Group, SpringHill Company form joint venture - Interpublic Group and The SpringHill Company, the Emmy award-winning media conglomerate spearheaded by LeBron James and longtime business partner Maverick Carter, announced the formation of a joint venture, IPG x The SpringHill Company. The companies said: "This partnership will bring IPG clients together with The SpringHill Company's community of diverse and influential creators, emerging talent and modern changemakers to create culturally-relevant and purpose-driven content, partnerships, experiences and products that bring to life The SpringHill Company's mission to empower greatness in every individual. IPG's portfolio of creative, media and marketing services specialists will leverage this joint venture to enhance their short- and long-form creative content for brand marketers." Specific terms of the deal were not disclosed.
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KOS | Hot Stocks12:00 EDT Kosmos falls -9.9% - Kosmos is down -9.9%, or -67c to $6.13.
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BORR | Hot Stocks12:00 EDT Borr Drilling falls -10.8% - Borr Drilling is down -10.8%, or -66c to $5.43.
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MFGP | Hot Stocks12:00 EDT Micro Focus falls -15.7% - Micro Focus is down -15.7%, or -68c to $3.63.
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PHR | Hot Stocks12:00 EDT Phreesia rises 8.8% - Phreesia is up 8.8%, or $1.84 to $22.86.
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LZB | Hot Stocks12:00 EDT La-Z-Boy rises 9.4% - La-Z-Boy is up 9.4%, or $2.13 to $24.86.
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REV | Hot Stocks12:00 EDT Revlon rises 38.6% - Revlon is up 38.6%, or $2.34 to $8.40.
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PGY EJFA | Hot Stocks11:50 EDT Pagaya closes business combination with EJF Acquisition - Pagaya Technologies (PGY) announced the completion of its previously announced business combination with EJF Acquisition Corp. (EJFA), a special purpose acquisition company, which was approved by Pagaya shareholders on June 16, 2022 and by EJFA's shareholders on June 17, 2022. The publicly listed company is now Pagaya Technologies Ltd. and its Class A ordinary shares and public warrants will begin trading on the Nasdaq stock market beginning on June 23, 2022 under the ticker symbols "PGY" and "PGYWW," respectively.
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BTRS | Hot Stocks11:30 EDT BTRS Holdings sees 23%-25% of FY net revenue recognized in Q2 - Sees 25%-27% of FY revenue recognized in Q3, and 27%-29% in Q4. Sees 1H adjusted gross profit and adjusted gross margin below the midpoint, 2H above. Expects Q2 adjusted EBITDA to look like Q1, followed by significant sequential improvement in both Q3 and Q4.
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BTRS | Hot Stocks11:29 EDT BTRS Holdings sees long-term revenue growth 20% ex-M&A - Sees long-term software and payments segment revenue up 20%+, adjusted gross margin 80%+, adjusted EBITDA margin 25%+.
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BTRS | Hot Stocks11:28 EDT BTRS Holdings backs FY22 net revenue growth of 28% at the midpoint - Consensus is $166.64M. Sees Fy22 adjusted gross margin 73.5% at the midpoint, and adjusted EBITDA margin (9%) at the midpoint. Mid-term targets include: Net revenue growth 20%-25% excluding M&A, software and payments segment revenue 25%-30%, adjusted gross margin 75%-80%, adjusted EBITDA margin 8%-12%. Comments taken from investor presentation slides.
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DVA | Hot Stocks11:08 EDT DaVita schedules conference call to discuss Supreme Court ruling - DaVita announced it will hold a special conference call with investors on Thursday, June 23, at 8:45 a.m. Eastern Time to discuss this week's U.S. Supreme Court ruling regarding the Medicare Secondary Payor Act.
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BKNG | Hot Stocks11:04 EDT OpenTable makes investment, enters strategic partnership with inline - OpenTable and the inline group announced that the two parties have entered into a strategic partnership. inline is a software provider for online reservations, table management system and other productivity tools for restaurants in East Asia. OpenTable diners will soon have the ability to book reservations and order food at some of the most popular restaurants in the region, powered by inline, and inline restaurant customers will gain access to OpenTable's expansive global dining network. OpenTable, via its parent company Booking Holdings, has also made a strategic financial investment in inline, as part of its continued advancement in the tech and restaurant space.
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KEYS | Hot Stocks11:02 EDT Keysight selected by Azcom for verifying O-RAN equipment - Keysight Technologies announced that Azcom Technology has selected Keysight Open Radio Architect solutions for verifying Open Radio Access Network equipment.
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VYGVF | Hot Stocks10:42 EDT Voyager Digital says may issue notice of default to Three Arrows Capital - Earlier, Voyager Digital announced its subsidiary, Voyager Digital Holdings, has entered into a definitive agreement with Alameda Ventures related to the previously disclosed credit facility, which it said "is intended to help Voyager meet customer liquidity needs during this dynamic period." VDH entered into a definitive agreement with Alameda for a $200M cash and USDC revolver and a 15,000 BTC revolver. As previously disclosed, the proceeds of the credit facility are intended to be used to safeguard customer assets in light of current market volatility and only if such use is needed. In addition to this facility, as of June 20, Voyager has approximately $152M cash and owned crypto assets on hand, as well as approximately $20M of cash that is restricted for the purchase of USDC, it stated. Voyager concurrently announced that its operating subsidiary, Voyager Digital, LLC, may issue a notice of default to Three Arrows Capital, or "3AC," for failure to repay its loan. Voyager's exposure to 3AC consists of 15,250 BTC and $350M USDC. The company made an initial request for a repayment of $25M USDC by June 24, and subsequently requested repayment of the entire balance of USDC and BTC by June 27, Voyager stated. "Neither of these amounts has been repaid, and failure by 3AC to repay either requested amount by these specified dates will constitute an event of default. Voyager intends to pursue recovery from 3AC and is in discussions with the company's advisors regarding the legal remedies available. The company is unable to assess at this point the amount it will be able to recover from 3AC," Voyager stated.
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SLN | Hot Stocks10:32 EDT Silence Therapeutics PLC (ADS) trading resumes
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SUMR | Hot Stocks10:27 EDT Kids2 acquires Summer Infant, terms not disclosed - Kids2 announced the acquisition of Summer Infant. Summer Infant, which includes SwaddleMe, joins the Kids2 Group umbrella of entities, including renowned brands Baby Einstein, Ingenuity, and Bright Starts. The company said, "The acquisition of Summer Infant is synergistic for Kids2. Both companies share similar passion for supporting families and origin stories. Each was started by parents, for parents, and is dedicated to producing innovative solutions that support early-stage parents on their childrearing journey and as their families grow. Together, Kids2 and Summer Infant will maximize their efforts to deliver a comprehensive scope of parenting products, creating tiny wins and building bright futures for all."
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SLN | Hot Stocks10:27 EDT Silence Therapeutics PLC (ADS) trading halted, volatility trading pause
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REX | Hot Stocks10:22 EDT REX American Resources declares 3-for-1 stock split - REX American Resources announced that its Board of Directors has declared a 3-for-1 split of its Common Stock to be effected as a 200 percent Common Stock dividend. The dividend is payable August 5, 2022, to shareholders of record as of the close of business on July 29, 2022. Shareholders will receive two additional shares of Common Stock for every share held on the record date. As a result of the stock split, REX American Resources' outstanding shares of Common Stock will increase from 5,953,975 at present, to approximately 17,861,925 shares. Taking into effect the planned stock split, effective at the close of business on July 29, 2022, the number of shares of Common Stock previously authorized by the Board of Directors for repurchase will be increased by 200 percent to 1,348,239 shares.
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PYPL | Hot Stocks10:15 EDT PayPal announces upcoming changes to Goods & Services payments in U.S. - PayPal announced in a post to its website: In the coming weeks, we will be rolling out two changes to our peer-to-peer pricing structure in the U.S., specifically for Goods & Services payments. We will be simplifying our goods & services fee structure and changing the ways U.S. business accounts can receive payments, effective for PayPal customers in the U.S. on July 28, 2022. We will be simplifying the Goods & Services seller fee to 2.99%, with no fixed fee, for customers in the U.S. PayPal's current Goods & Services fee is 2.89% + $0.49 USD... PayPal is also evolving the ways customers send money to Friends & Family and make payments for Goods & Services. In the coming weeks, U.S. customers will now only be able to send Friends and Family peer-to-peer payments to consumer PayPal accounts. This update helps ensure that eligible purchases of Goods and Services will be protected for both parties and will drive consistency on our platform, while also removing confusion around which payments are eligible for buyer and seller protections." Reference Link
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FDX | Hot Stocks10:03 EDT FedEx announces Picture Proof of Delivery for residential deliveries - FedEx Corp. announced it will soon offer Picture Proof of Delivery for express and ground residential deliveries in the U.S. and Canada that are released without a signature. "This is something e-commerce merchants and customers have been asking for, and we are proud to be the first to announce this service will be available to residential customers. Receiving visual confirmation that the package has arrived gives peace of mind to both merchants and consumers, and we are thrilled to give them that confidence," said Brie Carere, Chief Customer Officer, FedEx. Picture Proof of Delivery will be available "soon" to FedEx Delivery Manager users in select markets, followed by a general release in the United States and Canada "in time for the busy holiday shipping season," the company stated.
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MS | Hot Stocks10:02 EDT Morgan Stanley at Work acquires American Financial Systems - Morgan Stanley at Work announced the acquisition of American Financial Systems, a provider of nonqualified executive benefit plan solutions and services. Terms of the transaction, which is expected to close during Fall 2022, were not disclosed.
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URGN | Hot Stocks10:02 EDT UroGen Pharma trading resumes
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CBOE | Hot Stocks10:01 EDT Cboe Global Markets signs licensing pact with Validus - Cboe Global Markets announced it has signed a licensing agreement with Validus Macro Strategies that creates the framework for Cboe and Validus to collaborate on the development of new indices and solutions. Under this agreement, Cboe will have exclusive rights to develop and offer a range of derivatives-based indices and associated investable financial products using Validus' proprietary methodologies. Cboe expects to initially launch a new series of Cboe Validus Dynamic Indices designed to show the performance of active BuyWrite and PutWrite strategies on major U.S equity indices in the coming months. In addition, Cboe may work with Validus to develop other active indices for unique index-based products in the future.
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UCO | Hot Stocks10:00 EDT Universal Compression falls -10.8% - Universal Compression is down -10.8%, or -$5.01 to $41.48.
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LU | Hot Stocks10:00 EDT Lufax falls -11.4% - Lufax is down -11.4%, or -78c to $6.04.
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MFGP | Hot Stocks10:00 EDT Micro Focus falls -15.3% - Micro Focus is down -15.3%, or -66c to $3.65.
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AORT | Hot Stocks10:00 EDT Artivion rises 5.6% - Artivion is up 5.6%, or 95c to $17.89.
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SCO | Hot Stocks10:00 EDT Scor ADR rises 10.7% - Scor ADR is up 10.7%, or $2.25 to $23.33.
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REV | Hot Stocks10:00 EDT Revlon rises 41.9% - Revlon is up 41.9%, or $2.54 to $8.60.
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URGN | Hot Stocks09:57 EDT UroGen Pharma trading halted, volatility trading pause
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KSCP | Hot Stocks09:56 EDT Knightscope announces contract renewal for six Security Robots - Knightscope announced that a southern California casino and resort has renewed its contract for 6 Autonomous Security Robots for the 5th year.
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REV | Hot Stocks09:47 EDT Revlon trading resumes
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BORR | Hot Stocks09:47 EDT Borr Drilling falls -10.3% - Borr Drilling is down -10.3%, or -63c to $5.46.
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UCO | Hot Stocks09:47 EDT Universal Compression falls -11.7% - Universal Compression is down -11.7%, or -$5.43 to $41.06.
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MFGP | Hot Stocks09:47 EDT Micro Focus falls -14.8% - Micro Focus is down -14.8%, or -64c to $3.67.
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KFY | Hot Stocks09:47 EDT Korn/Ferry rises 5.1% - Korn/Ferry is up 5.1%, or $2.77 to $56.60.
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SCO | Hot Stocks09:47 EDT Scor ADR rises 11.6% - Scor ADR is up 11.6%, or $2.44 to $23.52.
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REV | Hot Stocks09:47 EDT Revlon rises 30.0% - Revlon is up 30.0%, or $1.82 to $7.88.
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REV | Hot Stocks09:43 EDT Revlon halted for volatility after jumping 39% to $8.60
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REV | Hot Stocks09:42 EDT Revlon trading halted, volatility trading pause
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CRD.A CRD.B | Hot Stocks09:33 EDT Crawford & Company promotes Nidhi Verma to chief people, ESG officer - Crawford & Company announces the appointment of Nidhi Verma to chief people and environmental, social and governance officer. In her new role, effective July 1, 2022, Verma will work with company leaders to direct meaningful changes to the organization's people agenda and employee experience, including culture transformation, employee value proposition, talent management, leadership development and total rewards. She will also be responsible for spearheading Crawford's ESG initiatives, including the organization's focus and commitment to diversity, equity and inclusion.
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LLL | Hot Stocks09:33 EDT JX Luxventure announces $5M share repurchase program - JX Luxventure announced that on June 20, the company's Board of Directors authorized a share repurchase program of up to $5M of the company's common stock from time to time during a 12-month period by Sun "Ice" Lei, CEO of company. On June 17, Jin Xuan Luxury Tourism Digital Technology Co., Ltd., a subsidiary of the company, entered into and executed a Framework Agreement on Strategic Cooperation with Hainan Douxing Cultural Media Co., Ltd., one of the major live stream content providers with over 30 A list live streamers and reaches over 30,000,000 followers in China. Pursuant to the Agreement, Hainan Douxing will sell JX Hainan cross-border merchandise, including cosmetics and skincare products, in the amount up to $30M on the live-stream E-commerce shows hosted by Hainan Douxing.
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TNP | Hot Stocks09:28 EDT TEN, Ltd. announces delivery, long-term charter of DP2 shuttle tanker - TEN announced the delivery of its fourth DP2 shuttle tanker, the Porto, from a South Korean yard and the commencement of her employment, of up to 11 years, at an accretive rate, to a major end user. The gross proceeds of this fixture, over the minimum duration of the contract, are expected to exceed $80 million.
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XXII | Hot Stocks09:27 EDT 22nd Century supports federal proposal to require less nicotine in cigarettes - 22nd Century Group, Inc. is now selling a 95% reduced nicotine content cigarette compliant with the renewed federal policy initiative to require all cigarettes sold in the U.S. be made minimally or non-addictive. "We are delighted by today's announcement from the Biden Administration, which is great news for adults who smoke and for 22nd Century Group," said John Miller, president of 22nd Century's tobacco programs. "The FDA requiring tobacco companies to reduce the nicotine content in all cigarettes sold in the United States has long been seen as the most powerful tool in the fight to reduce smoking and its grave health effects on citizens. We are excited to pilot sales of the first and only cigarette designed specifically not to create and sustain addiction, but to instead reduce the hold of cigarette addiction on adult smokers. The facts clearly demonstrate that the overwhelming majority of smokers want to quit, but few are able to do so, even after repeated attempts with current smoking cessation therapies or alternative nicotine products. VLN from 22nd Century offers a new approach in this fight - a tobacco cigarette that actually helps adult smokers reduce their nicotine consumption and smoke less. We are hopeful that many will also go on to quit their habit of smoking highly addictive cigarettes entirely."
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SGML | Hot Stocks09:25 EDT Sigma Lithium increases total mineral resources by 50% - Sigma Lithium announced an approximate 50% increase of its total estimated mineral resource to 85.7 million tons from previous 58.9 million tons. The company completed an NI 43-101 mineral audit at its Phase 3 NDC deposit of the Project with 26.8 million tons of high grade 1.49% lithium oxide. NDC is an "open pit" deposit located close to the Project's Phase 2 feasibility study stage Barreiro deposit. The Phase 3 mineral resource estimate of 26.8 Mt is comprised of 23.3 Mt of Measured and Indicated mineral resources grading at 1.49% Li2O and 3.5 Mt of Inferred mineral resources grading at 1.48% Li2O. The Phase 3 mineral resource estimate is based on 18,483 m of drilling completed during 4Q21 and 1Q22. Additional drilling is expected to be completed at NDC in 2022 to conclude the pre-feasibility study and pursue the conversion of Measured & Indicated mineral resources into Proven & Probable mineral reserves and further increase the mineral resource estimate. A Phase 3 PEA is expected to be completed during the summer of 2022 to further evaluate the potential for a Phase 3 of production.
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GES MTTR | Hot Stocks09:19 EDT Guess uses Matterport digital twins for retail experience - Matterport (MTTR) announced that GUESS?, Inc. (GES) has adopted Matterport digital twins to ensure brand consistency across its stores and create immersive, virtual experiences for its employees, external buyers and wholesale partners. Since 2017, GUESS has used Matterport digital twins, or photorealistic digital replicas of stores, to realize a 200 percent increase in productivity, a 30 percent decrease in travel costs, and a 95 percent reduction in departmental paper and printer ink costs. Additionally, by equipping employees with iPad and the Bigtincan sales enablement solution, GUESS trained and collaborated remotely with staff, engaged partners and wholesale customers, replacing in person store and showroom visits with virtual experiences.
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WKSP | Hot Stocks09:18 EDT Worksport launches storefronts on Amazon, eBay, Walmart Marketplace - Worksport has launched its eCommerce storefronts on Amazon, eBay, and Walmart Marketplace. N.A. Williams Company is driving the Company's marketing campaigns on each platform and has dedicated account executives with marketing managers assuming respective responsibilities across each outlet. Management believes the launch of Worksport products on Amazon, eBay and Walmart marketplaces will help realize revenue sooner rather than later in 2022. As Worksport products are once again available for consumer purchase, phase one of the Company's restructuring plan comes to a close. Meanwhile, Worksport heads into the final phases of its ongoing efforts to bring new, made in the United States products to market.
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FRPT | Hot Stocks09:18 EDT Freshpet recalls select product due to potential Salmonella contamination - Freshpet announced on June 17 a voluntary recall of a single lot of Freshpet Select Fresh From the Kitchen Home Cooked Chicken Recipe, with sell by date of 10/29/22, due to potential contamination with Salmonella. The company's Freshpet Team had designated this single lot for destruction, but a small portion of the lot was inadvertently shipped to retailers in limited geographic markets in the last two weeks. No other Freshpet products or lot codes are impacted by this recall. To date, Freshpet has received no reports of illness, injury, or adverse reaction. Reference Link
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TCLAF | Hot Stocks09:17 EDT Transcontinental acquires Banaplast, terms not disclosed - Transcontinental announced that it has acquired Banaplast S.A.S., a flexible packaging company founded in 2009 and based in Armenia, Colombia. Banaplast is active in the protection of crops in the banana and plantain agro-industrial sector and other fruit plantations. "The acquisition of Banaplast is aligned with our growth strategy of innovation and proximity to key markets in the agro-industrial segment" said Ricardo Garcia Merlo, Senior Vice President and Managing Director, Latin America at TC Transcontinental Packaging. "With Banaplast we are expanding our offering, namely with banana tree bags and agro-mulches, and our network with the addition of Banaplast to our existing operations in Costa Rica, Ecuador, Guatemala and Mexico. This acquisition opens new and exciting opportunities to better serve our customers".
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WMG | Hot Stocks09:16 EDT Warner Music confirms planning begun for CEO succession - In a regulatory filing, Warner Music Group announced that it has begun planning for the succession of the company's Chief Executive Officer and director, Stephen Cooper. The company expects the transition to happen by the end of 2023. Cooper has served as CEO since 2011 and will continue to serve as CEO and director until his replacement is appointed, the filing noted.
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TRNO | Hot Stocks09:15 EDT Terreno Realty announces lease in Seattle, Washington - Terreno Realty Corporation announced that it has executed a lease for 4.4 acres of improved land in Seattle, Washington with a provider of student transportation. The lease will commence June 30, 2022 and expire July 2025.
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CME | Hot Stocks09:12 EDT CME Group to launch first-ever TBA futures for mortgage backed securities - CME Group announced it will expand its suite of long-term interest rate products to offer the first-ever 30-Year Uniform Mortgage-Backed Securities TBA futures contracts on October 3, pending regulatory review.
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GAME | Hot Stocks09:11 EDT Engine Gaming to divest assets of UMG Gaming to Harena Data - Engine Gaming and Media announced that its wholly owned subsidiary, UMG Events, had entered into an agreement with Harena Data for the sale of certain UMG assets. In addition to the transfer of assets, UMG will supply various technology services to Harena Data following the closing of the transaction. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the Company's fiscal fourth quarter. Harena Data will take ownership of the UMG online business, which hosts daily tournaments and matches for competitive esports players, as well as the ownership of the studio and media properties under UMG including its social channels. This transaction marks the next step in the Company's ongoing portfolio shaping strategy to sharpen the focus on its core businesses and drive enhanced value creation. Harena Data Inc has focused on the building of gaming ecosystems and business units to serve those ecosystems.
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DEWY | Hot Stocks09:09 EDT The Dewey Electronics Corp announces sale of Hill Property in Oakland, NJ - The Dewey Electronics Corporation announced the sale of its Hill Property in Oakland, NJ
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ZM | Hot Stocks09:08 EDT Zoom Video introduces Zoom One offering - Zoom Video Communications unveiled the latest evolution of its communications platform with the introduction of Zoom One, a new offering that brings together persistent chat, phone, meetings, whiteboard, and more into secure and scalable packages. Additionally, Zoom also launched an all new translated and multi-language captions feature.
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MSI | Hot Stocks09:07 EDT Orlando Police Department deploys Motorola Solutions' 950 APX NEXT radios - The Orlando Police Department announced it is deploying 950 APX NEXT radios from Motorola Solutions. The radios will enhance officer and community safety with resilient and reliable voice communications, as well as everyday access to crucial police applications and databases. "Our department prides itself on being at the forefront of technology," said Chief Orlando Rolon, Orlando Police Department. "The smart applications and enhanced coverage capabilities of the new APX NEXT radios will help our officers perform more effectively and efficiently, enhancing overall officer and community safety. This investment in next-generation technology marks another step forward in our vision for the future of public safety, and we cannot thank the mayor enough for his unwavering support." APX NEXT radios offer advanced capabilities to help officers better protect and serve communities... "We designed APX NEXT after extensive field research and testing, in consultation with law enforcement agencies across the country, to go beyond what was ever expected for a radio," said Daniel Sanchez, Florida territory vice president, Motorola Solutions. "These radios bring critical information directly to officers' fingertips, while still being the trusted mission-critical communications police have always relied upon. The Orlando Police Department's investment in a device that combines mission-critical voice and purpose-built data applications will enhance their public safety communications."
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ZS AMZN | Hot Stocks09:06 EDT Zscaler expands relationship with Amazon Web Services - Zscaler (ZS) announced an extension to its relationship with Amazon Web Services (AMZN). In addition, Zscaler announced innovations built on Zscaler's Zero Trust architecture and AWS to help enterprises securely accelerate their transition to the cloud. Working together, the companies will deliver customers a unified solution to consolidate and simplify cloud security operations while helping organizations advance their security architecture from ineffective legacy models to a modern Zero Trust approach designed for the cloud.
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SSNC | Hot Stocks09:06 EDT SS&C partners with Dublin-based Xcentuate - SS&C announced a new partnership in the EMEA and APAC regions with Xcentuate, an international provider of digital productivity and performance solutions to the financial services, agricultural, pharma and public sectors. The partnership follows SS&C's recent acquisition of Blue Prism, a Robotic Process Automation provider. Xcentuate, based in Dublin, Ireland, will serve as a consulting and implementation partner, acting as an extended team to advise, implement, support and deliver complex projects. The partnership aims to enable SS&C to leverage Xcentuate's experience to access new potential customers, take new value propositions to market, develop point solutions to address current market needs, and enhance its specialized professional services to our customers.
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CCL | Hot Stocks09:06 EDT Carnival to bring Costa Venezia to U.S. in 2023, Costa Firenze in 2024 - Carnival Cruise Line is teaming up with Costa Cruises, creating a new concept for Carnival's North American guests when COSTA by CARNIVAL debuts in the spring of 2023 and Costa Venezia joins the Carnival fleet sailing from New York. Costa Venezia will be followed by Costa Firenze arriving in the spring of 2024 to sail from Long Beach.
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SOS | Hot Stocks09:05 EDT SOS Limited announces planned ADS ratio change - SOS announced that it plans to change the ratio of its American depositary shares from one ADS representing ten Class A ordinary shares to one ADS representing five hundred Class A ordinary shares. There will be no change to the Company's Class A ordinary shares. The effect of the ratio change on the ADS trading price on the New York Stock Exchange is expected to take place at the open of trading on July 6, 2022. ADS holders of record on the effective date will need to surrender their ADS to the depositary bank for cancellation and exchange in connection with the ADS ratio change, with further details to be provided in the notice by the depositary bank. As of the effective date for the ADS ratio change, SOS' ADSs will continue to be traded on the NYSE under the symbol "SOS". No fractional new ADSs will be issued in connection with the change in the ADS ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements will be distributed to the applicable ADS holders by the depositary bank. As a result of the change in the ADS ratio, the ADS price is expected to increase proportionally, although the Company can give no assurance that the ADS price after the change in the ADS ratio will be equal to or greater than the ADS price on a proportionate basis.
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BREZ | Hot Stocks09:05 EDT D-Orbit signs launch contract with Isar Aerospace - D-Orbit, the space logistics and orbital transportation company that is going public through a transaction with Breeze Holdings Acquisition, announced the signing of a launch contract with European launch services provider Isar Aerospace. D-Orbit will launch its ION Satellite Carrier, the company's orbital transfer vehicle designed both to precisely deploy satellites and perform technology demonstrations of third-party payloads in orbit, aboard Isar Aerospace's Spectrum launch vehicle for small and medium-sized payloads. This launch contract brings D-Orbit one step closer to achieving a launch schedule able to meet the increasing demand for last-mile space transportation solutions and in-orbit demonstration of third-party payloads. "We are excited to partner with Isar and launch onboard their Spectrum rocket," said Monica Valli, D-Orbit's VP Operations. "The combination of Spectrum with our ION Satellite Carrier enables a variety of mission profiles that allow us to expand our offer in terms of transportation services and better serve the growing space logistics market."
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PLD | Hot Stocks09:04 EDT Prologis commits to net zero emissions by 2040 - Prologis announced its commitment to achieve net zero emissions across its value chain by 2040. The company has been carbon neutral for its scope 1 and 2 emissions since 2019. Its 2040 goal encompasses scope 1, 2 and 3 emissions and includes several interim targets to support its progress. These include: 1 GW of solar generation capacity by 2025; Carbon neutral construction by 2025; Net zero for operations by 2030.
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LKCO | Hot Stocks09:03 EDT Luokung Technology affiliate partners with Siemens on digitalized transport - Luokung Technology's operating affiliate Beijing Hongdajiutong, or HDtraffic, has signed a strategic cooperation agreement with Yutraffic Technologies, a wholly-owned subsidiary of Siemens Mobility. Siemens Mobility is a separately managed company of Siemens AG. Luokung plans to jointly develop and create systemic product-based solutions with Yutraffic and collaborate with Yutraffic on commercial projects and demonstration projects in the fields of transportation digitalization, Internet of Vehicles and autonomous driving. Yutraffic conducts business in China to provide intelligent transportation solutions that meet the needs of the Chinese market.
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USIO | Hot Stocks09:03 EDT Usio announces expansion of board of directors with appointment of Miller - Usio announced the appointment of Michelle Miller to its Board of Directors effective June 22, 2022. Miller will serve as a member of the Company's Audit and Compensation Committees, expanding the size of the Board to six. For the past 13 years, Miller has served as the Senior Vice President of Private Banking and other executive roles for Broadway Bank.
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BIIB | Hot Stocks09:03 EDT Biogen announces collaboration with Happify Health - Biogen and Happify Health announced a collaboration to provide a digital solution for patient education and engagement, powered by artificial intelligence, to support people living with multiple sclerosis. Through this collaboration, Biogen and Happify Health will help people with MS manage their care journey, improve their wellbeing, learn about treatment options, consult with experts, and connect with other people in the MS community for support, the companies said in a statement.
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ZS | Hot Stocks09:02 EDT Zscaler announces new capabilities for Zero Trust Exchange - Zscaler announced newly advanced AI/ML innovations powered by the largest security cloud in the world for unparalleled user protection and digital experience monitoring. The new capabilities further enhance Zscaler's Zero Trust Exchange security platform to enable organizations to implement a Security Service Edge that protects against the most advanced cyberattacks, while delivering an exceptional digital experience to users, and simplifying adoption of a zero trust architecture.
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CYBE | Hot Stocks09:02 EDT Cyberoptics to launch next-generation WaferSense, ReticleSense systems - CyberOptics said it will exhibit at SEMICON West 2022 HYBRID, scheduled to take place July 12-14, 2022 at the Moscone Center in San Francisco and online 24/7. The company will launch its next-generation WaferSense Auto Teaching System and new ReticleSense Auto Teaching System in Booth #1241.
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DGLY | Hot Stocks09:02 EDT Digital Ally announces notable order for body-worn cameras from Wyandotte, KS - Digital Ally announced it has received a notable order from the Wyandotte County Sheriff's Office to further bolster its deployment of body-worn cameras. With the help of the Company's subscription payment program, the Wyandotte County Sheriff's Office ordered an additional twenty-three FirstVu Pro body-worn cameras and twenty-three EVO HDs, continuing the recent expansion to their focus on video safety across their patrol units and county jail. "We're proud of our longstanding relationship with the Wyandotte County, KS, Sheriff's Office as we continue to work together to keep officers and the greater Kansas City community safe," said Stan Ross, CEO of Digital Ally. "It's vital that we continue to innovate this critical technology and it's just as important to have great partners like Wyandotte County who work alongside Digital Ally, adopting these new technologies."
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MCD | Hot Stocks09:01 EDT McDonald's, Adyen expand mobile app partnership to the U.S. - Adyen and McDonald's announced the expansion of their mobile app partnership to the U.S. The two companies began working together in early 2020 in the U.K. and are now expanding to other markets globally.
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ZS | Hot Stocks09:01 EDT Zscaler announces Posture Control solution - Zscaler announced its new Posture Control solution, designed to give organizations unified Cloud-Native Application Protection Platform functionality tailor-made to secure cloud workloads. Integrated into the Zscaler Zero Trust Exchange, the Posture Control solution enables DevOps and security teams to efficiently prioritize and remediate risks in cloud-native applications earlier in the development lifecycle. The completely agentless solution correlates and prioritizes risks, such as unpatched vulnerabilities in containers and VMs, excessive entitlements and permissions, and cloud service misconfigurations.
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GNRC | Hot Stocks08:53 EDT Spruce Point short Generac, sees 40%-50% downside risk - Spruce Point believes Generac shares are "materially overvalued" as the company "struggles to suppress core business challenges, while pivoting towards a highly speculative and unproven acquisition spree in clean energy products and services." The short-selling firm, which believes Generac was "an extreme COVID-19 beneficiary," finds what it calls "recent evidence that Generac fails to discuss that its core portable generator business is under extreme pressure." Generac also has "subtly updated" its "Forward Looking Statements" warning of a potential government investigation as it has been dealing with product recalls due to safety issues, according to the firm. The firm believes Generac trades at "an undeserved premium to peers" and after "heavily promoting its recent clean energy acquisitions," recently guided down margins and blamed it on, "the start-up nature" of the acquisitions, Spruce Point said. The firm estimates 40%-50% downside risk to $110 - $132 per share as "Generac's financial situation deteriorates and lofty analyst expectations are missed," it concluded. Reference Link
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PLAN | Hot Stocks08:51 EDT Thoma Bravo completes $10.4B acquisition of Anaplan - Anaplan announced the completion of its acquisition by Thoma Bravo in an all-cash transaction valued at approximately $10.4B. The acquisition was previously announced on March 20, 2022 and approved by Anaplan stockholders at the Special Meeting of Stockholders held on June 21, 2022. Under the terms of the amended merger agreement, Anaplan stockholders will receive $63.75 per share in cash, which represents a premium of approximately 41% to the volume weighted average price of Anaplan's common stock for the five days ending March 18, 2022, the last trading day prior to the date on which Anaplan publicly announced that it had entered into the original merger agreement. With the completion of the acquisition, Anaplan's common stock has ceased trading and will no longer be listed on the New York Stock Exchange. Anaplan also announced that Frank Calderoni is stepping down from his role as Chairman and CEO, and Charles Goodman, an outside advisor to Anaplan, has been appointed Chairman and interim CEO, effective immediately.
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QSI | Hot Stocks08:51 EDT Quantum-Si set to join Russell 2000 Index on June 27 - Quantum-Si is set to join the broad-market Russell 2000 Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, 2022 according to a preliminary list of additions posted by FTSE Russell on June 3.
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JUPW | Hot Stocks08:49 EDT Jupiter Wellness appoints Andy Goren as CMO, John McCoy as VP, R&D - Jupiter Wellness announced that Prof. Andy Goren, MD, and John McCoy, PhD have joined Jupiter Wellness as Chief Medical Officer and Vice President of R&D respectively. Goren was the founder of Applied Biology whose assets have recently been acquired by Jupiter Wellness. McCoy led the research and development team at Applied Biology, Inc. since 2011.
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GNRC | Hot Stocks08:48 EDT Generac down 3% after being named a short by Spruce Point - Generac shares are down $7.23, or 3%, to $212.75 after Spruce Point published a critical report on the company.
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XPL | Hot Stocks08:48 EDT Solitario announces results of annual meeting - Solitario Zinc announces results of its Annual General Meeting of Shareholders at which holders of 33,396,907 shares of common stock or 51.56% of the total outstanding shares eligible to vote as of the record date were present in person or by proxy. Election of Directors. Seven directors were elected to serve until the next Annual Meeting of Shareholders or until their successors are elected and qualified. Advisory Vote on Executive Compensation. The shareholders approved the compensation of Solitario's named executive officers with 23,328,557 shares voting for, 417,223 shares voting against, and 9,651,127 broker non-votes. Appointment of Auditors. The appointment of Plante Moran PLLC as Solitario's auditors for fiscal year 2022 was ratified with 32,837,362 shares voting for, 215,748 shares voting against, 343,797 shares voting to abstain, and zero broker non-votes.
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JAGX | Hot Stocks08:45 EDT Jaguar Health announces availability of SBS presentation - Jaguar Health announced that a presentation by Dr. Mohamad Miqdady on short bowel syndrome at the Elite Ped-GI Congress, which took place May 19-21, 2022 in Abu Dhabi in the United Arab Emirates, is available online. The presentation, titled Short Bowel Syndrome: New Hope in the Horizon, can be accessed by clicking here. Dr. Miqdady is the Division Chief of the Pediatric Gastroenterology, Hepatology & Nutrition Division at Sheikh Khalifa Medical City. "Patients with SBS and congenital diarrheal disorders suffer from devastating diarrhea and dehydration caused by these debilitating, lifelong orphan diseases for which there is currently no available treatment except parenteral nutrition," said Dr. Miqdady. Napo Therapeutics, the corporation established by Jaguar in Italy in 2021, is committed to developing solutions in this therapeutic area for which there is a high unmet medical need. In December 2021, the European Medicines Agency granted orphan-drug designation for crofelemer for SBS following submission of Napo Therapeutics' ODD application, which included epidemiological data for the incidence and prevalence of SBS, data on the pathophysiology of SBS, support for the mechanistic rationale for crofelemer for SBS, medical plausibility information for crofelemer for SBS, together with preclinical pharmacology and patient case studies. Crofelemer received ODD in the U.S. for SBS in 2017. In addition, Napo Therapeutics recently submitted an ODD application to the EMA for crofelemer for a rare CDD condition called microvillus inclusion disease. An article published June 17, 2022 in Osservatorio Malattie Rare, an Italian publication focused on rare diseases, comments on this submission and can be viewed by clicking here. MVID is a life-threatening and rare autosomal recessive disease that affects newborns and children and leads to significant morbidity and even death from severe secretory diarrhea.
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GNLN | Hot Stocks08:44 EDT Greenlane provides update on plan to generate $30M in liquidity - Greenlane Holdings provided an update on its strategy to generate more than $30 million in liquidity, as part of its previously announced strategic plan to reduce its cost structure, accelerate its path to profitability, and increase liquidity on a non-dilutive basis. As previously announced in March 2022, this strategy to generate $30 million in non-dilutive liquidity entails the following primary components: Securing an asset-based loan to support working capital needs; Selling the Company's headquarters building in Boca Raton, Florida; and, Discontinuing and disposing of non-core and lower-margin inventory. For the past three months, Greenlane has been engaged in an intensive and comprehensive process to select the ideal partner for an asset-based loan that can support its working capital needs. The Company is in negotiations with respect to this loan facility, and expects to execute an agreement by early Q3 2022, which is expected to result in more than $10 million of liquidity. In addition, the Company listed its headquarters building for sale in May 2022 and has garnered significant interest from several buyers amidst a strong Florida commercial real estate market. Given management's decision to move to a hybrid work model, the Company plans to lease the top floor to another tenant until the building is sold. Along with this initiative, the Company is in the process of selling other non-core assets, which if sold together with the building at the sales price anticipated by management, is expected to generate an additional $10 million of liquidity. Finally, the Company is working to sell through its excess & obsolete inventory of lower-margin, non-strategic products, along with reducing the overall level of inventory on hand. In May, the Company commenced its official E&O sales program internally and has since sold more than $1 million of previously reserved E&O inventory. Management anticipates that the proceeds from these E&O sales, combined with a general sell-down of other non-core third-party brand inventory, is expected to generate more than $10 million of liquidity for the Company. In aggregate, the Company believes that it can generate more than $30 million of liquidity on a non-dilutive basis by the end of 2022 if all these measures are successful.
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MINM | Hot Stocks08:42 EDT Minim announces full list of promotions available on Prime Day - Minim announces the full list of promotions on WiFi and cable modem products that will be available to Amazon shoppers during the highly-anticipated Prime Day 2022 sales event from July 12 - July 13. The Prime Day deals featuring Motorola intelligent networking products will offer shoppers the opportunity to better secure and maximize their home network performance with prices slashed up to 30% off on cable modems, modem/routers, MoCA adapters and mesh systems. Launching July 12 - 13, Prime Day deals on Motorola networking products will include special offers, including bundles that will help shoppers save even more. Deals will include a wide assortment of intelligent networking products and bundles.
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SHYF | Hot Stocks08:41 EDT Shyft Group introduces Red Diamond Aftermarket Solutions brand - Red Diamond Aftermarket Solutions, a new go-to-market brand of The Shyft Group, makes its debut alongside a trio of initial product offerings - Red Diamond RunFlat to safely steer and brake during a tire blowout; Red Diamond Air Booster to keep motorcoach tires at the recommended pressure; and Red Diamond Self-Leveling System to allow for easy leveling of a coach at the touch of a button. With an online store and hundreds of authorized Spartan RV Chassis service centers across the U.S. able to offer Red Diamond, owners can enjoy peace of mind that premium products and services are available, wherever the adventure leads.
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NOTV | Hot Stocks08:40 EDT Inotiv appoints Glenn Washer as group president, safety assessment - Inotiv announced that Glenn Washer joined the Company as Group President, Safety Assessment, effective June 20, 2022. This is a newly-created position. Washer is a board-certified toxicologist with over thirty-five years of experience in the CRO/biopharma industry, most recently serving as President of Frontage Laboratories, North America. Washer's key responsibilities will include: Leading the growth and development of the Company's safety assessment business unit; Developing and refining the Company's business processes and operating model to be an integrated, efficient, and dynamic safety assessment business unit; Advancing and implementing plans to consistently deliver excellent client experiences across our safety assessment sites.
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BLI | Hot Stocks08:39 EDT Berkeley Lights to participate at ESCAT meeting - Berkeley Lights announced its participation at the 27th Annual European Society for Animal Cell Technology, being held from June 26 - 29, 2022 at the Lisbon Congress Centre in Lisbon, Portugal. This year's conference, with the motto, "Advanced Cell Technologies: Making Protein, Cell, and Gene Therapies a Reality," is designed to provide scientists, engineers and other specialists access to the latest innovations, advances, tools and equipment in cell technology. At ESCAT, Berkeley Lights will participate in a symposium session focused on accelerating cell line engineering and development. The company will also feature its Beacon platform technology and workflows in booth #39 for attendees to explore with hands-on demonstrations of our Optofluidic technology as well as how to apply the Berkeley Lights Custom Productivity Assay to rapidly select clones that are producing high-quality bispecific molecules.
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TAST AMZN | Hot Stocks08:39 EDT Carrols Restaurant appoints Filsoof as VP of Strategic Initiatives - Carrols Restaurant (TAST) announced the appointment of Ahmad Filsoof as Vice President of Strategic Initiatives, a new position, to further the Company's strategic capabilities and commitment to business innovation. Prior to joining Carrols, Filsoof was Head of Sales Strategy, Operations, Enablement, and Planning at Amazon Web Services (AMZN) from May 2020 to January 2022.
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GCTK | Hot Stocks08:38 EDT GlucoTrack provides development update on GlucoTrack 2.0 - GlucoTrack announced that it has provided an update on the development of GlucoTrack 2.0. In early Q2 the Company completed lab testing of its Gen 2 clinical prototype system. This process included testing of multiple iterations of electronics, ear clip, and mobile app with cloud-based software. In addition, human factors testing of the mobile app has been completed through simulated use in focus groups and by conducting a rigorous external design review for system architecture, stability, and cybersecurity. The completion of bench testing and analyses of the Gen 2 clinical prototype system was followed by simulated use testing. During this in-house testing, the Company achieved better than expected accuracy and performance. Initial data collected indicates that the Gen 2 system may achieve an accuracy comparable to invasive Continuous Glucose Monitors currently available in the market when conducting the upcoming first in-human clinical study. The Company has recently received Ethics Committee and clinical center approvals to conduct this study at the Rabin Medical Center in Israel. The initial results from this study will drive a follow-up multi-center study in the United States, led by Dr. Klonoff, Chair of the Company's Scientific Advisory Board and Medical Director of the Diabetes Research Institute of Mills-Peninsula Medical Center. The U.S. study is intended to be a precursor to the eventual pivotal trial for FDA clearance. The Company aims to begin its first in-human study in Israel in Q3 and in U.S. centers in Q4. In addition, these positive results are driving a design re-assessment that the Company believes will lead to a more user-friendly system with a lower cost and faster measurement time than initially targeted.
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MULN | Hot Stocks08:37 EDT Mullen Automotive announces filing of US, international patent applications - Mullen Automotive announces that it has filed over 130 patents in 24 countries in support of the Mullen FIVE EV Crossover program. The 130-plus patent applications filed by Mullen are related to the design and styling of the Mullen FIVE EV Crossover, covering the FIVE's exterior and interior design. They include areas such as vehicle bodywork, headlights/taillights, doors, mirrors, rims, headliners, seats and steering. These 130-plus patent applications include the following: 19 U.S. design patent filings, each of which is pending and awaiting examination. 117 international design patent filings. Of these 117 international design patent filings, 30 design patents have already been granted as: 7 design patents in Argentina; 7 design patents in Australia; 7 design patents in Bahrain; 2 design patents in China ;7 design patents in New Zealand. Of the remaining 87 international design patent filings: 6 design patent applications have been indicated as allowable in Russia; 4 design patent applications have been indicated as allowable in the UAE; 77 design patent applications remain pending examination throughout The Hague, Algeria, Brazil, China, Costa Rica, India, Indonesia, Kuwait, Malaysia, Panama, Russia, Thailand and the UAE
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TRTN | Hot Stocks08:36 EDT Triton International says CFO John Burns to retire by 2022-end - Triton International Limited announced that John Burns, Senior Vice President and Chief Financial Officer, intends to retire at the end of 2022 after more than 25 years with the Company. Mr. Burns will remain in his role until a successor is in place and following his retirement will serve in an advisory role to ensure a smooth transition. The Company has initiated a search for a successor, which will include both internal and external candidates. Triton has engaged Korn Ferry to assist in its CFO search process.
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SABR | Hot Stocks08:35 EDT Sabre selected by Wingie Enuygun Group to drive expansion - Sabre and Wingie Enuygun Group, an online travel marketplace across the Middle East and North Africa, have announced a multi-year renewal of their GDS agreement to help drive international growth for the travel agency. Wingie Enuygun has been working with Sabre for more than 7 years. Under the renewal agreement, Wingie Enuygun will use Sabre Red 360 to deliver offers for its customers by deploying consultative services and features on the wingie.com, wingie.ae, sa.wingie.com and enuygun.com domains. Wingie Enuygun will use Sabre's marketplace to sell customized travel packages from suppliers around the world.
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SYPR | Hot Stocks08:35 EDT Sypris Solutions subsidiary receives multi-year production contract - Sypris Electronics, a subsidiary of Sypris Solutions, announced that it has recently received releases under a new, multi-year production contract that was first announced in February of this year. The order, which provides for Sypris to begin full-rate production beginning in 2022, calls for the manufacture and test of power supplies for an initial five systems to be supplied to a U.S. DOD contractor. Terms of the award were not disclosed. The modules produced by Sypris will be integrated into an electronic warfare improvement program for the U.S. Navy. According to news sources, the upgrade will provide the capability to actively jam incoming missiles that threaten a warship, cue decoys and adapt quickly to evolving threats. The improvements to the electronic attack portion will provide integrated countermeasures against radio frequency-guided threats and extended frequency range coverage according to the U.S. Navy. The system's capability for non-kinetic electronic attack options can be further deployed in additional critical areas. From advanced communications to multi-role waveforms, the multi-function applications of the system will provide enhanced mission capabilities to the U.S. Navy Fleet while presenting opportunities for future reductions in cost, size, weight, and power according to the U.S. Naval Institute.
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CYCN | Hot Stocks08:35 EDT Cyclerion Therapeutics to discuss CY6464 MELAS clinical data - Cyclerion Therapeutics will participate in a webinar hosted by the United Mitochondrial Disease Foundation on Tuesday, June 28th at 8 a.m. EDT with a live Q&A. The Company will provide an update on positive topline clinical data from the Phase 2a study of CY6463, a first-in-class CNS-penetrant sGC stimulator, in patients with Mitochondrial Encephalomyopathy, Lactic Acidosis and Stroke-like episodes.
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ATNX | Hot Stocks08:35 EDT Athenex sells revenues from US, European royalty, milestone interest in Klisyri - Athenex announced the signing of a definitive agreement for the sale of revenues from U.S. and European royalty and milestone interests in Klisyri to Sagard Healthcare Partners and funds managed by Oaktree Capital Management for $85M. Approximately $80M of the proceeds from the transaction will be used toward partially paying down existing debt and operating the business, with $5M to be placed into escrow and paid to Athenex upon the satisfaction of certain conditions. The transaction is subject to customary closing conditions. "We are executing on our new strategy and will continue to deliver on the objectives that we laid out to extend our cash runway by over 18 months. We are pleased to enter into this agreement, as we believe it generates meaningful benefits for our stockholders as we continue to pay down debt and extend our cash runway," said Dr. Johnson Lau, Chief Executive Officer of Athenex. "The sale of the revenues from the U.S. and European royalty and milestone interests in Klisyri represents another step in continuing to monetize non-core assets to focus on developing our potential best-in-class NKT cell platform."
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OSIS | Hot Stocks08:34 EDT OSI Systems says security division gets $29M order from international customer - OSI Systems announced that its Security division was awarded an order for approximately $29M by an international customer to provide several cargo and vehicle inspection system platforms in various mobile and fixed configurations. OSI Systems' Chairman and CEO, Deepak Chopra, commented, "We are pleased to receive this award and look forward to supporting this customer with our versatile cargo and vehicle inspection solutions to manage screening requirements at its ports and borders."
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GPCO | Hot Stocks08:32 EDT Golden Path Acquisition's business combination deadline extended to July 24 - Golden Path Acquisition announced that the company's sponsor, Greenland Asset Management, has deposited into the company's trust account an aggregate of $191,667, representing 3.3c per public share of the company, in order to extend the period of time the company has to consummate a business combination by one month to July 24. The sponsor plans to extend such period of time additional eight times to complete its initial business combination as necessary, each by an additional one months, up to March 24, 2023, by depositing $191,667 each time and up to an aggregate amount of $1,533,333 into the Trust Account, representing up to an additional 26.7c per public share, in connection with such additional extensions.
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BMEA | Hot Stocks08:32 EDT Biomea Fusion announces first patient dosed in COVALENT-101 trial - Biomea Fusion announced that the first patient has been dosed in the MM cohort of COVALENT-101, the company's Phase I clinical trial evaluating BMF-219, Biomea's covalent menin inhibitor, in patients with R/R AML, ALL, DLBCL, and MM. "Today, we have taken the first step to explore the clinical potential of BMF-219, a single-agent covalent menin inhibitor, in treating relapsed / refractory multiple myeloma patients. This represents the second cancer type, as well as the first cancer type outside of AML, to be studied with BMF-219. We are committed to delivering innovative medicine to patients in need, including those with R/R MM," said Thomas Butler, CEO, Chairman of the Board and Co-Founder of Biomea.
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PPTA | Hot Stocks08:32 EDT Perpetua Resources receives first permit for Stibnite Gold Project - Perpetua Resources received the Clean Air Act Permit to Construct for the Stibnite Gold Project from the Idaho Department of Environmental Quality on June 17. The Air Permit mandates compliance with state and federal air standards and regulates emissions from construction and operation of the Project.
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XELA | Hot Stocks08:31 EDT Exela Technologies secures XBP contract totaling $136M - Exela Technologie announced a new customer win of $136M in total contract value over three years bringing the year-to-date XBP TCV wins to $175M. Exela's Exchange for Bills and Payments, the largest revenue contributor of the $874.2M ITPS accounting segment for FY 2021, continues to sign new logos including 5 new XBP logos in 2022. This integrated solution utilizes several of Exela's platforms including TMS for payment processing. "This win highlights our scalable, referenceable XBP platforms effectiveness for rapid deployment for our customers. We are excited by the positive reception for our market-ready solutions that leverages our extensive experience in the payment space", noted Lakshmi Narayanan Chandramohan, President - Bills and Payment
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ASMB | Hot Stocks08:30 EDT Assembly Biosciences presents new data on ABI-H3733, ABI-4334, vebicorvir - Assembly Biosciences announced data from the company's investigational core inhibitor programs ABI-H3733, ABI-4334 and vebicorvir, featured in six poster presentations at the International Liver Congress, the Annual Meeting of the European Association for the Study of the Liver, EASL, taking place virtually and in London on June 22-26, 2022. Next-Generation HBV Core Inhibitor Candidates 3733 and 4334: The poster entitled "Improving the pharmacokinetic profile of the hepatitis B virus core inhibitor ABI-H3733 following oral administration: results from new formulation activities," presents pharmacokinetic data on the new tablet formulation for 3733. In preclinical studies, the T2 formulation at 100 mg dose showed equivalent plasma serum concentration to the liquid formulation. In HBV patients, the 300 mg dose formulated as the new T2 tablet is projected to achieve exposure that is approximately 150- and 29-fold higher than the protein adjusted EC50 for inhibition of HBV DNA replication and cccDNA formation, respectively. In the poster entitled "ABI-4334, a novel inhibitor of hepatitis B virus core protein, promotes formation of empty capsids and prevents cccDNA formation by disruption of incoming capsids," preclinical data indicate that 4334 prematurely melts incoming HBV capsids, preventing formation of cccDNA with a single digit nM EC50. These preclinical data also show the compound potently inhibits pgRNA encapsulation resulting in the formation of empty capsid particles, consistent with the activity of Class II core inhibitors. Vebicorvir: "Deeper virologic suppression with the addition of vebicorvir, a first-generation hepatitis B core inhibitor, to entecavir correlates with reduced inflammation and fibrosis-4 index in treatment-naive patients with HBeAg positive chronic hepatitis B," provides ad hoc analyses from Assembly Bio's Study 202 in which treatment naive, HBeAg positive patients were randomized in a blinded fashion to receive once a day entecavir either with or without vebicorvir for 24-weeks. As reported previously, addition of VBR to entecavir treatment resulted in statistically significant declines in HBV DNA and pgRNA and normalization of ALT levels compared to entecavir treatment alone. "Greater sequence diversity during early hepatitis B virus decline on vebicorvir plus entecavir is associated with a lower level of virus rebound following switch to entecavir monotherapy" utilizes next-generation sequencing to describe viral diversity from the clinical samples of patients from Study 202 who progressed to receive open-label VBR plus entecavir and subsequently switched to entecavir treatment alone. Viral diversity as well as viral rebound were measured following the switch to monotherapy. "Evaluation of the drug-drug interaction profile of vebicorvir, a first-generation hepatitis B core inhibitor: findings from Phase 1 and Phase 2a studies" describes the potential for VBR to be a perpetrator of drug-drug interactions using CYP index substrates in a Phase 1 study in healthy participants. "Evaluation of the disposition and mass balance recovery of vebicorvir, a first-generation hepatitis B core inhibitor, in rats and humans" shows favorable liver loading and very limited metabolism of VBR in rat studies and that the drug was primarily eliminated as unchanged parent compound in the feces of both rats and humans.
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ODV | Hot Stocks08:27 EDT Osisko announces final drilling results from 2021 at Cariboo Gold Project - Osisko Development announces the remaining and final drilling results from the 2021 exploration and category conversion drill campaign of its Cariboo Gold Project in central British Columbia. Summary: A total of 60,272 meters were drilled in 163 holes at the Shaft Zone on Island Mountain in 2021. A total of 10,355 m were drilled in 40 holes at Mosquito Creek on Island Mountain. All holes reported were collared on Shaft Zone, and six holes intersected the Valley Zone deposit at depth, on the east side of the Jack of Clubs fault. Maggie Layman, Vice President of Exploration of Osisko Development commented: "We are pleased to report the remaining drill results from our 2021 exploration and category conversion drill campaign. The Shaft Zone and the Valley Zone are separated by the Jack of Clubs fault, a brittle fault structure striking north east and dipping approximately 50 degrees to the west. The 2021 drill campaign indicated vein corridors continuous on both sides of the fault and mineralized zones within the fault, indicating that the Shaft Zone vein corridors continue down plunge within the sandsone and are currently modelled to a depth of 560 meters from surface. The mineralized system remains open down plunge within the sandstone."
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CNI | Hot Stocks08:25 EDT CN to invest C$430M in Ontario in 2022 - CN announced plans to invest approximately C$430 million in Ontario in 2022. This includes investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements. These investments will power sustainable growth and ensure the continued safe movement of goods in Ontario and everywhere on CN's transcontinental network.
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INMB | Hot Stocks08:24 EDT INmune Bio announces USPTO issued patent covering use of XPro - INmune Bio announces the issuance of U.S. Pat. No. 11,365,229 for "METHODS OF TREATING NEUROLOGICAL DISEASES," a patent directed to use of Dominant Negative Tumor Necrosis Factor variants, such as the Company's XPro, by peripheral administration for crossing the blood-brain barrier, BBB, and treating diseases of the Central Nervous System. The patent is currently set to provide coverage through September 10, 2033, subject to a possible patent term extension if requested by the Company and approved by the USPTO under 35 U.S.C. 156. "The issuance of this patent adds significant value to the Company's intellectual property position, as it covers the use of DN-TNF compositions by peripheral administration for all diseases of the CNS," said Joshua Schoonover, the Company's Associate General Counsel. "This patent is the product of real-life data using DN-TNF in both pre-clinical studies and the completed human Phase I study in Alzheimer's Disease. DN-TNF crosses the BBB to decrease neuroinflammation, decrease neurodegeneration, improve synaptic function and promote myelin repair."
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CNI | Hot Stocks08:24 EDT CN to invest C$365M in Alberta in 2022 - CN announced plans to invest approximately C$365 million in Alberta in 2022. This includes investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements. These investments will power sustainable growth and ensure the continued safe movement of goods in Alberta and everywhere on CN's transcontinental network.
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OPGN | Hot Stocks08:23 EDT OpGen announces publication of results from study using Unyvero HPN panel - OpGen announced the release of a new peer-reviewed journal publication from a study conducted at Karolinska University Hospital, Solna, Stockholm, Sweden. The publication highlights the ability of the Unyvero Hospitalized Pneumonia panel in detecting potential pneumonia pathogens earlier than culture or very early during an infection. The performance characteristics of the Unyvero Hospitalized Pneumonia panel, in comparison with microbiological culture for detection of bacterial pathogens from lower respiratory tract samples obtained from critically ill COVID-19 patients, were recently published1 by the investigators at Karolinska Institute. The study results demonstrated that Unyvero HPN provides a higher diagnostic yield than bacterial culture. This enables reliable and rapid diagnosis of pathogens of concern in these patients directly from native lower respiratory tract samples, and provides identification of bacterial co-infections in hospitalized patients with COVID-19 pneumonia in just five hours. In their new publication titled "Evaluation of a pneumonia multiplex PCR panel for detection of bacterial respiratory tract pathogens from serial specimens collected from hospitalized COVID-19 patients", the investigators conducted a follow-up study aimed to examine the concordant and discrepant results comparing the Unyvero HPN and culture results for detection of microorganisms from serial specimens collected from the same patient. Sixty-nine samples obtained from 27 adult subjects admitted in the intensive care unit with COVID-19 were included. Data was categorized based on full concordance, concordance by correlation, partial concordance, discordance, concordance and discordance. Results were analyzed in two ways: The first evaluation was performed in a typical manner for a comparative study where Unyvero results were compared with culture results per subject. The second evaluation explored interpretation of Unyvero false positive results which were then corroborated by culture from a different sample taken at a later or at an earlier time point from the same patient. In this approach, all Unyvero false positives results were considered true positives, if culture confirmed this result for any other sample from the same subject. The latter approach highlights an important point because published literature reports sensitivity, specificity, positive predictive value and negative predictive value comparisons with the assumption that conventional microbiologic techniques are 100% sensitive and specific when in fact microbiological culture is acknowledged to be far from being an optimal gold standard due to its diagnostic performance. Several key findings emerged in this study: Unyvero detected at least one additional pathogen in 20/69 of the samples tested. The additional pathogens detected by Unyvero in 12/20 samples were detected by culture from a previous or a subsequent sample collected and tested from the same subject in six samples each. This observation emphasizes the ability of the Unyvero panel in detecting a potential pneumonia pathogen earlier than culture or very early during an infection. The investigators reported that Unyvero detected an additional pathogen from at least one sample collected from 14/27 patients. Among these 14 patients, 10 of them had exposure to antibiotics before the collection of samples for culture and it is plausible that the exposure to the antibiotics had a negative influence on the yield of the cultures from these samples. The authors conclude that "The additional pathogens detected by Unyvero HPN from a given lower respiratory tract sample could be confirmed in many instances by culture positivity for the same microorganism from a previous or a subsequent sample obtained from the same subject. This observation underscores the ability of the Unyvero HPN in detecting a potential pneumonia pathogen earlier than culture and/or very early during infection."
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LTBR SMR | Hot Stocks08:23 EDT Lightbridge announces Massachusetts MIT awarded $800,000 by DOE - Lightbridge Corporation (LTBR) announced that the Massachusetts Institute of Technology, MIT, has been awarded approximately $800,000 by the U.S. Department of Energy's, DOE, Nuclear Energy University Program R&D Awards to study the deployment of Accident Tolerant Fuels in Small Modular Reactors. The project will be funded in its entirety by the DOE, with the goal of bringing collaborative teams together to solve complex problems to advance nuclear technology and understanding. Among other objectives, the project will simulate the fuel and safety performance of Lightbridge Fuel inside a small modular reactor designed by NuScale Power (SMR). Seth Grae, President and CEO of Lightbridge commented, "We are honored to have the opportunity to collaborate with MIT's prestigous Department of Nuclear Science & Engineering in this important study, where MIT will simulate the usage and safety performance of Lightbridge Fuel inside of a NuScale Power small modular reactor. Importantly, this research dovetails with our strategic focus on fueling SMRs of the future and the potential additional benefits Lightbridge Fuel rods will bring to SMRs."
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ALGS | Hot Stocks08:20 EDT Aligos Therapeutics presents data on ALG-000184, ALG-055009, other programs - Aligos Therapeutics announced that the company is presenting two posters showcasing preliminary Phase 1 data from its capsid assembly modulator, CAM, program in CHB and its thyroid hormone receptor-beta agonist in nonalcoholic steatohepatitis, NASH, at the European Association for the Study of the Liver Digital International Liver Congress 2022, EASL ILC 2022. ILC 2022 is being held on June 22 - 26 at the ExCeL London Exhibition Centre in London, UK. The company is also presenting nonclinical data from two other drug classes within Aligos' CHB portfolio: small interfering RNA and a small molecule PD-L1 inhibitor. "ALG-000184: Capsid assembly modulator:" ALG-000184 is currently being evaluated in the ALG-000184-201 trial, a multi-part, double blind, randomized, placebo-controlled Phase 1 study. Key findings were as follows: Similar rapid declines in HBV DNA and HBV RNA were observed at all dose levels, regardless of HBeAg status; Among HBeAg-negative subjects, high rates of DNA and RNA reductions below the lower limit of quantification were observed; The largest DNA and RNA reductions were observed in HBeAg-positive subjects; All dose levels of ALG-000184 were generally well tolerated. "ALG-125755: siRNA:" AAV-HBV mice, dose-dependent inhibition of plasma HBsAg was observed with ALG-125755. Reductions in HBsAg levels were sustained for at least 70 days following the final dose of ALG-125755. "Next-Generation HBV siRNAs:" Adding both in combination to two existing siRNA molecules yielded compounds ALG-126081 and ALG-126101, which demonstrated significant improvements in the potency and duration of HBsAg knockdown in mouse models of HBV infection. "PD-L1 small molecule inhibitors:" In CHB, upregulation of both PD-1 on hepatitis B virus-specific T cells and PD-L1 on liver cells causes T cell exhaustion and thus persistent HBV infection. Inhibiting the PD-1/PD-L1 pathway may be an effective therapeutic strategy in CHB, but the PD-1/PD-L1 antibodies approved in cancer are limited by systemic immune-related adverse effects. "ALG-055009: Thyroid hormone receptor beta agonist:" The small molecule THR-agonist ALG-055009 is being evaluated in the ALG-055009-301 multi-part, double-blind, randomized, placebo-controlled first-in-human Phase 1 study. Here, authors report preliminary study results regarding the safety, pharmacokinetics, and pharmacodynamics of the study's completed Part 1 and of the study's ongoing Part 2. Single ascending oral doses of ALG-055009 up to 4 mg in HV and multiple doses of 0.3 mg for 14 days in subjects with hyperlipidemia were well tolerated. Across the SAD and MAD, there were no serious adverse events, dose-limiting toxicities, or Grade greater than or equal to 3 treatment emergent AEs. In the MAD, there were no TEAEs leading to study drug discontinuation. ALG-055009 showed favorable PK with dose-proportional and linear plasma exposures, low variability, and a ~1.7 accumulation ratio after multiple doses.
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PLRX | Hot Stocks08:20 EDT Pliant Therapeutics presents preclinical data on PLN-101325 - Pliant Therapeutics presented new preclinical data highlighting the potential of PLN-101325, an alpha7beta1 integrin activating antibody for the treatment of muscular dystrophies, including Duchenne Muscular Dystrophy. These data were presented at the New Directions in Biology and Disease of Skeletal Muscle Conference being held June 20-23, 2022 in Fort Lauderdale, Florida. The presentation "Increased Laminin Binding Through Integrin Activation Protects Dystrophic Muscle" was presented by Scott Turner, Ph.D., Senior Vice President, Head of Research at Pliant Therapeutics. It highlighted in vitro and in vivo data demonstrating improved cell morphology, tissue organization and muscle function in human cells and D2-MDX mice after treatment with PLN-101325. Importantly, results showed significant improvements in diaphragm muscle strength and respiratory function. Progressive loss of muscle mass and strength, including respiratory muscle strength, has been observed in muscular dystrophy, contributing to death from respiratory insufficiency. The alpha7beta1 integrin is a laminin receptor located on the muscle cell surface that is upregulated in muscular dystrophy patients, serving as a compensatory muscle stabilization mechanism. Activating the alpha7beta1 integrin may help stabilize the muscle membrane, increase muscle strength, and decrease muscle damage. Because alpha7beta1 can compensate for the loss of the dystroglycan complex, this mechanism has the potential to be combined with existing therapies, as well as those currently in development. Pliant expects to file an Investigational New Drug application on this program by the end of 2022, with an anticipated entry into the clinic in early 2023.
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OCX | Hot Stocks08:19 EDT OncoCyte hosting KOL webinar on DetermaIO - Oncocyte Corporation announced that it will host a key opinion leader webinar on the role of DetermalO and the tumor microenvironment in clinical practice on Tuesday, June 28, 2022, at 10:00am Eastern Time. The webinar will feature presentations from KOLs Chiara Cremolini, MD, PhD, Department of Translational Research and New Technologies in Medicine and Surgery, University of Pisa, Italy, and Adam Brufsky, MD, PhD, University of Pittsburgh School of Medicine. Dr. Cremolini will provide an expert data overview on the ASCO 2022 poster session: An immune-related gene expression profile to predict the efficacy of adding atezolizumab to first-line FOLFOXIRI plus bevacizumab in metastatic colorectal cancer: a translational analysis of the phase II randomized AtezoTRIBE study. Subsequently, Dr. Brufsky and Dr.Cremolini will take part in an expert fireside chat on assessing the tumor micro-environment to identify potential responders to immunotherapy in Colon and Breast Cancer, and review how this could impact clinical practice and management of patients.
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ZENV | Hot Stocks08:18 EDT Zenvia announces changes in corporate structure - Zenvia will be implementing changes in the corporate structure following the accelerated growth of its SaaS business. The company has focused on strengthening its three existing business lines: SaaS, CPaaS, and Consulting to have teams exclusively dedicated to each business line. As a result, Raphael Godoy, former CMO, will become SaaS Chief Revenue Officer, or CRO. Cristiano Franco will be CPaaS CRO, and Luca Bazuro will become the Consulting business line CRO. The Consulting business, resulting from the D1 Smarkio integration, will now support the adoption of Zenvia's SaaS and CPaaS products by the corporate market. Rogerio Perez, former CX Services Executive Director, will now report directly to Raphael Godoy. Shay Chor, current Investor Relations Officer, will become CFO. Mariana Cambiaghi will remain as Finance Executive Director, responsible for accounting, financial controls & processes, and treasury. Laura Hirata remains the General Counsel. Additional ZENVIA's executive team members reporting directly to Cassio Bobsin include Gabriela Vargas, who will become Chief Marketing Officer; Lilian Lima, CTO, responsible for IT and Products; and Katiuscia Teixeira, CHRO, to lead People and Culture areas.
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ARRY | Hot Stocks08:17 EDT Array Technologies releases 2021 ESG report - Array Technologies has released its 2021 Environmental, Social and Governance report that provides the renewable energy company's mid-term ESG goals and its advances in reducing its environmental footprint. The 2021 report also references the Sustainability Accounting Standards Board, the Global Reporting Initiative and the Taskforce of Climate-Related Financial Disclosures frameworks to further our engagement with stakeholders across the ESG spectrum who increasingly seek more standardized reporting. Later this year, Array will also undertake its first materiality assessment to better illustrate its ESG priorities. Also significant in this year's report is the establishment of goals to be achieved by year-end 2025: Deliver an additional 90,000 MW of solar power; Reduce direct emissions intensity 30% from baseline year 2021; Source 50% of our direct energy consumption from renewable energy sources; Increase total workforce woman representation by 10% from baseline year 2021; Increase non-executive management racial and ethnic minority representation by 10% from baseline year 2021; Increase board woman representation 22% from baseline year 2021.
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ROVR | Hot Stocks08:16 EDT Rover Group set to join Russell 3000, Russell 2000 Indexes - Rover Group is set to join the broad-market Russell 3000 Index, the small-cap Russell 2000 Index, and the Russell Microcap Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, according to the list of additions posted June 17.
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KTTA | Hot Stocks08:16 EDT Pasithea Therapeutics acquires Alpha-5 Integrin for $3.75M - Pasithea Therapeutics announced its acquisition of Alpha-5 integrin, a privately-held preclinical-stage company developing a monoclonal antibody for the treatment of amyotrophic lateral sclerosis and other neuroinflammatory disorders, such as Multiple Sclerosis. Alpha-5's lead therapeutic candidate has a novel mechanism of action with the potential to improve clinical outcomes in patients with ALS, and is supported by post-mortem studies. The Company acquired all of the outstanding equity interests in Alpha-5 at an enterprise value for $3.75M, payable in 3.26 million shares of Pasithea common stock, valued at $1.15 per share, an 11% premium to the closing price on June 21, plus 1 million warrants. An entity controlled by Paul Manning, Chairman and CEO of PBM Capital, a healthcare-focused investment firm, is Alpha-5's majority owner and, following the transaction, will own approximately 10% of Pasithea common stock. Cassel Salpeter & Co. acted as financial advisor to the Company on this transaction. "Treatments for ALS are extremely limited. Only two drugs are currently approved, with minimal impact on disease, and the majority of patients progress to death within a few years of symptom onset. The Alpha-5 acquisition is transformative for Pasithea, by adding a new drug with a novel mechanism of action to our pipeline, while preserving our strong cash position. In addition to the Alpha-5 development program, we will also acquire a wet lab and scientific team to develop our existing tolerizing vaccine and complementary program. Our plan is to file an Alpha-5 investigational new drug application with an orphan drug designation by the end of 2023," stated Dr. Tiago Reis Marques, CEO of Pasithea.
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CRNC... | Hot Stocks08:15 EDT Lynk & Co selects Cerence to power conversation AI - Cerence Inc. (CRNC) announced that Lynk & Co, a global automotive brand formed as a joint venture between Geely Auto Group (GELYF) and Volvo Car Group (VLVLY), has selected Cerence to provide conversational AI-powered in-car assistant capabilities across its lineup as it continues to expand to Europe. In partnership with ECARX, Geely's tier-one supplier driving the development of the in-car user interface across its brands, Cerence will provide Lynk & Co with automatic speech recognition, natural language understanding and text-to-speech in a variety of languages.
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AJRD | Hot Stocks08:14 EDT Aerojet Rocketdyne independent nominee slate recommended by Glass Lewis - Aerojet Rocketdyne CEO Eileen Drake and the other members of the Committee For Aerojet Rocketdyne Shareholders and Value Maximization announced that independent proxy advisory firm Glass Lewis has recommended that shareholders elect the entire Drake Independent Slate at the special meeting of shareholders scheduled for June 30. ISS has also recommended that shareholders vote for the entire Drake Independent Slate. Glass Lewis made the following observations: "[W]e consider [the Drake nominees] each appear credible and independent, with the slate collectively offering well-rounded experience in the aerospace and defense industry...[W]e note Ms. Drake's go-forward agenda...contains a number of favorable action items, including elimination of the executive chair role, establishment of an independent board chair, increased accountability in relation to ARD's underfunded pension fund and, by virtue of the Drake Faction slate, enhanced gender and racial diversity." "[S]upport for the Steel Faction would portend a considerable step back in terms of reliable, progressive corporate governance, in all cases in favor of a sitting chair recently inclined to delay shareholder votes, privately pursue personal objectives irrespective of board directives, sensationally misrepresent key developments and, perhaps most critically here, circumvent personal culpability...While the result of this investigative process is, in our view, already fairly damning, we consider Mr. Lichtenstein's oddly dismissive response and material recharacterizations are just as problematic."
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HSC | Hot Stocks08:13 EDT Tosyali Harsco enters multi-year service contract with Kardemir Steel - Tosyali Harsco, a joint venture between Harsco Envronmental and Tosyal Holding, announced it has successfully entered into a new multi-year services contract with Kardemir Steel. Kardemir is a family-owned steel mill located in zmir, Turkey, producing long products and profiles at three separate facilities. Tosyali Harsco brings to Kardemir its expertise in safe and reliable under furnace digging. Kardemir is a new customer for Tosyali Harsco, and a first contract in the Izmir area in Western Turkey. This reinforces Tosyal Harsco's ambition to grow its footprint in all areas of steelmaking in Turkey. "This Kardemir multi-year service contract is the product of Tosyali Harsco's performance in Turkey and unique offerings in the industry as a provider of environmental solutions and services," said Stephane Boissinot, Director of Operations, Europe South, Eastern Europe, Turkey & SteelPhalt for Harsco Environmental. "Kardemir is an important steel mill in Turkey. We see this contract as the start of a long-term relationship where we can grow and further demonstrate our capabilities in environmental solutions."
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BAND | Hot Stocks08:12 EDT Bandwidth, Alianza announce partnership - Bandwidth and Alianza announced a partnership to accelerate cloud migration for communications service providers. Together, Bandwidth's network platform and APIs, along with Alianza's full-stack CSP platform, will enable CSPs to transform their legacy infrastructure and remain competitive by offering high-growth, cloud-based voice, messaging and videoconferencing services. The partnership already serves more than 50 CSP customers in the U.S. and Canada.
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DMGGF ARBK | Hot Stocks08:11 EDT DMG Blockchain Solutions launches Terra Pool - DMG Blockchain Solutions (DMGGF) announces the launch of Terra Pool, a clean, renewable energy Bitcoin mining pool partnership between DMG and Argo Blockchain (ARBK). Testing has concluded and Terra Pool is now open to the general Bitcoin mining public. Terra Pool, developed using DMG's Blockseer technology, is a unique Bitcoin mining pool focused on clean energy as the basis for participation. The pool allows its members to showcase their commitment to clean energy operations and creates new bitcoin from renewable energy sources.
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CBAY | Hot Stocks08:11 EDT CymaBay presents PBC data at the International Liver Congress 2022 - CymaBay Therapeutics announced encouraging seladelpar data in patients with primary biliary cholangitis, PBC, that are being presented at The International Liver Congress 2022 of the European Association for the Study of Liver, EASL, which will be held in London, UK from June 22nd - 26th. In a poster presentation titled, "Seladelpar Treatment of Patients With Primary Biliary Cholangitis For 2 Years Improves the GLOBE PBC Score and Predicts Improved Transplant-Free Survival," Bettina Hansen, PhD, will be reporting the improvement in GLOBE score following seladelpar treatment over two years and predicted transplant-free survival. Patients with PBC having an incomplete response or intolerance to UDCA had completed an open-label one-year phase 2 study of daily oral seladelpar therapy. After 1 year, patients were eligible for an open label long-term study. Treatment of 50 patients with oral seladelpar 5 mg or 10 mg daily for 2 years resulted in a mean change from baseline in GLOBE score of -0.417, resulting in a corresponding hazard ratio of 0.66 for transplantation or death compared to no prior treatment with seladelpar. The improvement in GLOBE score and predicted survival did not depend on age. However, an analysis of subpopulations of high risk patients by GLOBE score revealed that while patients of all ages improved, the younger patients tended to have numerically greater improvements, although these differences did not achieve significance. An oral presentation by Dr. Bernd Schnabl will describe the suppression of bile acid synthesis by seladelpar and reveal the role of FGF-21 signaling, a previously known regulator of bile acid synthesis. These results provide new insights into the anti-cholestatic mechanism of seladelpar.
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MEIP | Hot Stocks08:10 EDT MEI Pharma announces Anne Frese as Chief People Officer - MEI Pharma announced that Anne Frese, an industry executive, joined MEI as chief people officer, a role reporting to Daniel P. Gold, chief executive officer. Ms. Frese will be responsible for the strategy and processes related to building and retaining an exceptional team of professionals. Ms. Frese's appointment is effective immediately.
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NXTC | Hot Stocks08:10 EDT NextCure appoints Brahm Segal to SAB, shares nonclinical data on NC410 - NextCure announced that collaborator Brahm Segal, M.D., of Roswell Park Comprehensive Cancer Center shared nonclinical data from a research study that models the ability of NC410 to block neutrophil-mediated suppression of T cells in a tumor microenvironment at the 24th Translational Research Cancer Centers Consortium Annual Meeting. In addition, NextCure appointed Dr. Segal to its Scientific Advisory Board. Dr. Segal and NextCure shared new data from a nonclinical research study, which was led by Dr. Segal, in a poster presented at the 24th Translational Research Cancer Centers Consortium Annual Meeting. The poster, titled "Targeting LAIR-1 abrogates neutrophil-mediated suppression of T cell responses in ovarian cancer microenvironment," details nonclinical modeling of immune cell interactions in the ovarian cancer tumor microenvironment. Dr. Segal and his research team previously published work showing that neutrophils acquire complement-dependent suppressor function in the TME characterized by inhibition of stimulated T cell proliferation and activation. In the current study, researchers showed that NC410, a fusion protein of LAIR-2, prevented neutrophil-driven non-responsiveness of T cells. These data support further investigation into specific roles of LAIR-1 engagement on neutrophils and T cells in the TME and mechanisms by which NC410 can rescue T cell responsiveness. Highlights of the data presented include: Normal circulating neutrophils have minimal surface LAIR-1 expression, while exposure to ascites fluid supernatants from patients with newly diagnosed ovarian cancer induced rapid-onset and sustained expression of LAIR-1. T cells constitutively express surface LAIR-1, and LAIR-1 expression in ascites T cells was either similar to or increased compared to circulating T cells in a cohort of patients with newly diagnosed ovarian cancer. NC410 successfully abrogated neutrophil-mediated T cell suppression in the TME. When exposed to the combination of circulating neutrophils and ovarian cancer ascites fluid supernatants, stimulated circulating T cells have markedly suppressed proliferation; however, T cell proliferation was rescued with the addition of NC410. In separate studies of T cells incubated with ascites fluid alone, NC410 partially rescued stimulated IL-2 production. Dr. Segal is Chair of Internal Medicine, Chief of Infectious Diseases, Professor of Oncology and Member of the Department of Immunology at Roswell Park Comprehensive Cancer Center, a National Cancer Institute-designated comprehensive cancer center in Buffalo New York.
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BSGM | Hot Stocks08:09 EDT BioSig enters new evaluation agreement for PURE EP with Cleveland clinic - BioSig Technologies announced it has entered an evaluation agreement for its PURE EP System with the Cleveland Clinic. The evaluation agreement marks the first since BioSig inducted a new commercialization team. Consistent with The Company's stated national rollout strategy, Cleveland Clinic will participate in a 60-day evaluation of BioSig's PURE EP System. The Company recently announced that is has restructured its clinical support and installation teams to streamline and accelerate the pathway from product evaluation to adoption. "We are excited to include Cleveland Clinic as an evaluation center for the Pure EP System. We look forward to working alongside their physicians to demonstrate the superior signal quality that can be achieved on even the most difficult arrhythmias," commented Gray Fleming, Chief Commercialization Officer, BioSig Technologies.
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ALGT | Hot Stocks08:09 EDT Allegiant Travel becomes official airline of Detroit Pistons - Allegiant and the Detroit Pistons are entering a multi-year partnership designating Allegiant the "Official Airline of the Detroit Pistons." The partnership with the Pistons begins July 1. In addition to Pistons Pride Night, Allegiant will engage basketball fans across Michigan through activations, sweepstakes, and sponsored content. Allegiant invested over $117M into the Grand Rapids and Flint bases, permanently stationing nearly 200 employees in the state.
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LNG CVX | Hot Stocks08:08 EDT Cheniere Energy, Chevron sign long-term LNG sale and purchase agreements - Cheniere Energy (LNG) announced that two of its subsidiaries, Sabine Pass Liquefaction, or SPL, and Cheniere Marketing, have each entered into long-term liquefied natural gas, or LNG, sale and purchase agreements with Chevron USA, a wholly-owned subsidiary of Chevron (CVX). At plateau, Chevron will purchase a combined 2M tons per annum, or mtpa, of LNG from Cheniere subsidiaries, subject to certain conditions described below. Under the first SPA, Chevron has agreed to purchase approximately 1.0 mtpa of LNG from SPL on a free-on-board, or FOB, basis. Deliveries under the SPA will begin in 2026, reach the full 1.0 mtpa during 2027 and continue until mid-2042. Under the second SPA, Chevron has agreed to purchase approximately 1.0 mtpa of LNG from Cheniere Marketing on an FOB basis with deliveries beginning in 2027 and continuing for approximately 15 years. The Cheniere Marketing SPA is subject to Cheniere making a positive final investment decision to construct additional liquefaction capacity at the Corpus Christi LNG Terminal beyond the seven-train Corpus Christi Stage III Project. The purchase price for LNG under the SPAs is indexed to the Henry Hub price, plus a fixed liquefaction fee. Additionally, Cheniere's subsidiary, Sabine Pass LNG, L.P. ("SPLNG"), and Chevron have agreed to terms for the early termination of their LNG Terminal Use Agreement (the "TUA") in return for a lump sum payment to be made by Chevron to SPLNG during calendar year 2022. Termination of the TUA is subject to the consent of certain lenders to Cheniere Energy Partners, L.P., expected during the third quarter of 2022.
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YOU | Hot Stocks08:08 EDT Clear Secure launches at Greenville-Spartanburg International Airport - Clear announced the launch of its trusted and secure identity technology at Greenville-Spartanburg International Airport. GSP is CLEAR's first airport in the Carolinas, and 44th across the U.S. The launch is expected to create 17 jobs and generate $1.5M annually in local economic activity.
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RUBY | Hot Stocks08:08 EDT Rubius presents updated data from type 1 diabetes program at FOCIS 2022 - Rubius Therapeutics announced updated preclinical data for its type 1 diabetes program at the FOCIS 2022 Annual Meeting in San Francisco, CA, June 21-24, 2022. "Induction of Antigen-Specific Immune Tolerance in Type 1 Diabetes by Antigen-Expressing Re Cell Therapeutics:" Demonstrated tolerance induction and bystander suppression in stringent type 1 diabetes preclinical models; From ongoing experiment, showed efficacy in the NOD preclinical model; By increasing to 3 doses administered and optimizing the dosing schedule, results at 25 weeks exhibit bystander suppression by delivering only two antigens, indicating disease prevention caused by many autoantigens; Previously reported data at 25 weeks with two doses prevented or delayed disease onset; Established efficacy in the BDC2.5 adoptive transfer model with data supporting that repeated dosing extends duration of disease protection, reverses established inflammation, which is important for the treatment of existing autoimmunity, and induces two types of regulatory T cells, resulting in protection against re-challenge; These findings are potentially translatable beyond type 1 diabetes to multiple autoimmune diseases
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AVEO LLY | Hot Stocks08:07 EDT AVEO enters clinical trial collaboration, supply agreement with Eli Lilly - AVEO Oncology (AVEO) announced that it has entered into a clinical trial collaboration and supply agreement in North America with Eli Lilly and Company (LLY) to evaluate ficlatuzumab in combination with ERBITUX, an anti-EGFR antibody, in patients with recurrent or metastatic head and neck squamous cell carcinoma. Ficlatuzumab is AVEO's investigational potent humanized immunoglobulin G1 monoclonal antibody that targets hepatocyte growth factor. Under the terms of the agreement, Lilly will provide cetuximab clinical drug supply in the U.S. and Canada for AVEO's potential registrational study, which will assess ficlatuzumab with cetuximab in HPV negative R/M HNSCC. AVEO will serve as the study sponsor and will be responsible for trial execution. In June 2021, AVEO announced positive results from a randomized Phase 2 study of ficlatuzumab alone or in combination with cetuximab in patients with pan-refractory metastatic HNSCC. Of note, patients with HPV negative disease, a subgroup normally associated with poorer outcomes, who received the ficlatuzumab and cetuximab combination demonstrated both a superior overall response rate, including two patients with complete responses, and median progression free survival superior to historical data for current standards of care. In September 2021, the FDA awarded Fast Track designation for the combination of ficlatuzumab and cetuximab in HPV negative relapsed/recurrent HNSCC. AVEO recently commenced manufacturing of ficlatuzumab clinical supply in the second quarter of 2022, with the potential registrational study expected to be initiated in the first half of 2023. AVEO expects to continue to discuss potential ficlatuzumab pivotal study designs with the FDA and to continue ongoing partnership dialogues.
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PAHC | Hot Stocks08:07 EDT Phibro Animal Health, Rejuvenate Bio in pact to develop gene therapy for MVD - Phibro Animal Health Corporation and Rejuvenate Bio announced a collaboration for the development and commercialization of a gene therapy for Mitral Valve Disease, MVD, in canines. The incidence of MVD varies widely but is believed to be present in about 7% of all dogs and can be as high as 80% for some breeds such as Cavalier King Charles Spaniels. Rejuvenate Bio has received support from the American Cavalier King Charles Spaniel Club for this research. MVD is caused by a malfunction of the Mitral Valve which allows blood to flow backward from the heart's lower chamber to the upper chamber. The condition often results in and is diagnosed by a characteristic 'murmur'. The disease may have few or no outward effects at first, but over months or years can progress to congestive heart failure and death. Current therapies have been proven to slow the course of MVD, but no therapy is available to stop the disease or reverse the damage. The objective of the collaboration between Phibro and Rejuvenate Bio is to develop and commercialize a novel gene therapy with the intent to not only stop MVD before it results in heart failure but reverse some or all the damage done to the heart. Thomas Zerzan, President of the Companion Animal Division at Phibro Animal Health, stated, "We have confidence that our collaboration with Rejuvenate Bio will meet our goal to bring about an effective gene therapy that will revolutionize the way veterinarians treat MVD, adding healthy, happy years to the life of a dog who suffers from this disease." Daniel Oliver, CEO of Rejuvenate Bio, stated, "We are excited to work with Phibro to make the treatment of MVD a reality. We expect to file for a conditional approval as early as 2023. We view this as a first step to tackling numerous age-related diseases that affect the animals we love." The effort to develop a gene therapy for MVD is based on research and discoveries made in the lab at Harvard Medical School and the Wyss Institute by genetics scientist and startup founder, George Church.
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EBAY | Hot Stocks08:06 EDT eBay acquires NFT marketplace KnownOrigin, terms not disclosed - eBay and KnownOrigin, a non-fungible token marketplace, announced that eBay has acquired KnownOrigin. KnownOrigin's technology and platform provides artists a place to create unique, authentic, digital collectibles, in the form of NFTs. eBay is acquiring KnownOrigin and the companies have signed and closed the deal as of June 22. Further details were not disclosed.
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RYTM | Hot Stocks08:06 EDT Rhythm Pharmaceuticals announces EC authorized variation for IMCIVREE - Rhythm Pharmaceuticals announced that the European Commission, EC, this week authorized a variation for IMCIVREE that allows for dosing in patients with POMC or LEPR deficiency who have mild, moderate or severe renal impairment. "We are pleased the EC has recognized the impact IMCIVREE can have on the lives of patients living with hyperphagia and severe obesity caused by rare MC4R pathway diseases," said David Meeker, M.D., Chairman, President and Chief Executive Officer of Rhythm. "The expansion of the dosing regimen to include patients with renal impairment is an important step in ensuring more patients have access to a therapy that addresses the root cause of these rare genetic diseases." The EC's approval of the Company's renal dosing variation allows for patients aged 6 years and older with POMC or LEPR deficiency and with mild, moderate, or severe renal impairment to be treated with IMCIVREE. There are no dose adjustments for patients with mild or moderate renal impairment and a separate dose titration schedule is provided for patients with severe renal impairment.
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APPF | Hot Stocks08:05 EDT AppFolio launches AppFolio Stack marketplace - AppFolio announced AppFolio Stack, an integration marketplace, enabling AppFolio Property Manager users to seamlessly provide the specialized solutions users need to manage complex portfolios and run their entire business from a centralized hub. Initial partnerships with top PropTech solution providers in their respective fields include ButterflyMX, Conservice, HappyCo, Knock, Lowe's, and Property Meld. AppFolio Stack resolves the integration challenges previously unaddressed by legacy real estate solutions, empowering property managers of all sizes to boost productivity, simplify workflows and improve resident experiences.
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MBIO | Hot Stocks08:05 EDT Mustang Bio announces FDA granted ODD to MB-106 - Mustang Bio announced that the U.S. Food and Drug Administration, FDA, has granted Orphan Drug Designation, ODD, to MB-106, Mustang's CD20-targeted, autologous CAR T cell therapy for the treatment of Waldenstrom macroglobulinemia, a rare type of B-cell non-Hodgkin lymphoma. MB-106 is being developed in a collaboration between Mustang and Fred Hutchinson Cancer Center to treat patients with relapsed or refractory B-NHLs and chronic lymphocytic leukemia. Manuel Litchman, M.D., President and Chief Executive Officer of Mustang, said, "We are very pleased to receive Orphan Drug Designation from the FDA, as it is an important regulatory milestone for Mustang's MB-106 program for the treatment of Waldenstrom macroglobulinemia, a rare B-NHL with a significant unmet medical need. We look forward to dosing the first patient in our multicenter Phase 1/2 clinical trial evaluating the safety and efficacy of MB-106 for relapsed or refractory B-NHL and CLL under Mustang's IND shortly. In the Phase 1 portion of this trial, MB-106 dose escalation will proceed in three separate arms, and Waldenstrom patients will be included in the indolent lymphoma arm in parallel with accrual of patients to the aggressive lymphoma and CLL arms."
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JZXN | Hot Stocks08:05 EDT Jiuzi Holdings partners with Chinese car dealer Shuke - Jiuzi Holdings has entered into strategic cooperation with Zhejiang Shuke Automobile, a car dealer in China. The cooperation will be operated by its newly established subsidiary Hangzhou Jiuyao. Jiuyao is granted a non-exclusive right to engage in the sales of Shuke electric-vehicle cars, Shuke's car-hailing business, and financial products. Jiuyao plans to purchase 200 standard and customized models of Shuke EVs between 2022 and 2023. Shuke is prepared to provide about a financial credit line of up to 100 million yuan to Jiuyao based on Jiuyao's financing needs. Jiuyao will be able to sell Shuke's EVs directly to end users on car-hailing platforms. Based in Zhejiang province's capital Hangzhou city, Shuke is mainly engaged in minibus rental, auto parts trading and services, sales of EVs and other car-related after-sale services.
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SEV | Hot Stocks08:05 EDT Sono Motors expects to generate further revenues with solar customers - As key milestones in 2022, Sono Motors expects to present series-validation vehicles during a community event this summer and to nominate all series suppliers by the end of the third quarter. In terms of financial guidance for 2022, Sono Motors expects to generate further revenues with solar customers, the vast majority of which are expected for the fourth quarter of 2022.
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VBIV | Hot Stocks08:05 EDT VBI Vaccines receives Orphan Drug Designation for VBI-1901 - VBI Vaccines announced that the FDA granted Orphan Drug Designation for VBI-1901, a bivalent gB/pp65 immunotherapeutic vaccine candidate for the treatment of glioblastoma, or GBM. In June the FDA also granted Fast Track Designation for VBI-1901 for the treatment of recurrent GBM in patients with first tumor recurrence.
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ATHA | Hot Stocks08:03 EDT Athira Pharma falls 70% after Ph2 study of fosgonimeton did not meet endpoint - Shares of Athira Pharma are down 70% at $2.55 in pre-market trading after the company announced that its topline results from its exploratory ACT-AD Phase 2 study of fosgonimeton in patients with mild-to-moderate Alzheimer's disease did not meeet primary endpoint .
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CMRA | Hot Stocks08:03 EDT Comera Life Sciences announces issuance of U.S. patent for SQore platform - Comera Life Sciences expanded its patent portfolio with the issuance of U.S. Patent No. 11,357,857, which provides Comera exclusive rights pertaining to certain excipients in its SQore platform as viscosity-lowering agents to significantly optimize filtration efficiency of protein solutions during the biologics manufacturing process. The '857 patent reflects a significant addition to Comera's current intellectual property portfolio and expands the potential commercial applications of SQore, broadening patent protections beyond use in therapeutic antibody formulations to include manufacturing process enhancement.
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RYTM | Hot Stocks08:02 EDT Rhythm Pharmaceuticals launches IMCIVREE in Germany - Rhythm Pharmaceuticals announced IMCIVREE is now available to patients in Germany. IMCIVREE, a melanocortin-4 receptor agonist, last year received marketing authorization from the European Commission for the treatment of obesity and the control of hunger associated with genetically confirmed loss-of-function biallelic pro-opiomelanocortin, including proprotein convertase subtilisin/kexin type 1, deficiency or biallelic leptin receptor deficiency in adults and children 6 years old and older. "We are excited to make IMCIVREE available to treat patients in Germany living with the hyperphagia and severe obesity caused by these rare MC4R pathway diseases," said Yann Mazabraud, Executive Vice President, Head of International at Rhythm. "We thank the German authorities for their recognition of the need for a therapy to treat obesity and control hunger due to POMC and LEPR deficiencies as we work to transform the lives of patients living with these diseases."
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RMTI | Hot Stocks08:02 EDT Rockwell Medical names Mark Strobeck, Ph.D., as CEO, succeeding Russell Ellison - Rockwell Medical announced that the Board of Directors has appointed Mark Strobeck, Ph.D., as President and CEO, effective July 1. Dr. Strobeck will also join the company's Board of Directors. Russell Ellison, M.D., M.Sc., will be stepping down as President and CEO and as a member of the company's Board of Directors effective June 30. Mark Strobeck, Ph.D. brings 20+ years of operating, business development, capital raising and investing experience in life sciences for both private and public biotechnology companies. Prior to joining Rockwell Medical, Mark was a Managing Partner at Aquilo Partners, a life science investment banking firm specializing in mergers and acquisitions and strategic partnering transactions
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HOG | Hot Stocks08:02 EDT Harley-Davidson appoints Tralisa Maraj as CFO of LiveWire - Harley-Davidson appointed Tralisa Maraj as CFO at LiveWire. Maraj formerly served as both CFO & Corporate Secretary for CGX Energy and previously served as Chief Accounting Officer. Prior to CGX, Maraj served as Corporate Controller at Remora Energy Management.
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OESX | Hot Stocks08:00 EDT Orion, SnapCount integrate LED products into SnapSource Product Hub - Orion Energy Systems and SnapCount announced a partnership to feature Orion's line of high performance, energy efficient LED lighting solutions within the SnapSource Product Hub. Accurate, up-to-date product specification data from Orion's vast line of LED lighting fixtures and controls will now be accessible by hundreds of lighting contractors and Energy Service Companies that regularly use the SnapCount retrofit software platform in their project quotation process. Utilized by top lighting and energy efficiency professionals, the SnapSource Product Hub provides lighting manufacturers with the ability to deploy product data into a central and active digital repository for instant access in project quotations developed in SnapCount. SnapCount users can utilize the Product Hub to search, price, quote and order the up-to-date lighting products through their preferred vendors and supply chain partners for project installation.
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REV | Hot Stocks07:59 EDT Revlon up another 29% amid increase in StockTwits message volume - Shares of Revlon are up another 29% at $7.81 per share in pre-market trading following yesterday's gains of 62.5%. The stock is the highest trending name on StockTwits in terms of message volume over the past 24 hours.
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CAMP | Hot Stocks07:54 EDT CalAmp, Bristlecone partner for supply chain visibility - CalAmp announced a new partnership with Bristlecone. The partnership aims to develop joint solutions that leverage real-time data from CalAmp's Supply Chain Visibility sensors, edge computing devices and CalAmp Telematics Cloud and Bristlecone's expertise in delivering end-to-end supply chain transformation services powered by AI and analytics to build enterprise-ready logistics visibility and automation solutions.
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ARTH | Hot Stocks07:51 EDT Arch Therapeutics provides update on reimbursement strategy - Arch Therapeutics provided an update regarding its reimbursement strategy for the use of AC5 Advanced Wound System, specifically regarding its use in doctor's offices and wound clinics. This segment represents its third targeted selling channel and is expected to expand upon the Company's first two selling channels: government facilities and non-government hospital operating rooms, which are currently supported by Lovell Government Services and Centurion Therapeutics, respectively. Specific action items related to the Company's reimbursement initiative in doctor's offices and wound clinics include the following: Sunsetting the Pilot Program. The previously announced Pilot Program delivered on its objectives and is set to begin a natural wind-down process as the company transitions to its next stage of the reimbursement life cycle. The Pilot yielded patient data and payor responses across a wide array of healthcare systems, expanded access to multiple providers, generated clinical data, and tested various coding options that, together, helped guide the development of the Company's HCPCS application to request a category specific code for AC5. Leveraging New Temporary Code for Synthetic Skin Substitutes. Effective April 1, 2022, CMS authorized the use of A4100 as a temporary code to facilitate the reimbursement of doctor's offices and wound clinics for the use of synthetic skin substitutes. The Company has begun the process of advising providers to submit claims under this new code as the Company pursues a permanent HCPCS code, as described below. Filing a HCPCS Application. The Company expects to submit its HCPCS application for specific coding to Centers for Medicare and Medicaid Services in the coming weeks. HCPCS is a collection of standardized codes for medical procedures, products and services that facilitate the submission and processing of insurance claims for Medicare and other health insurers. Launching a Multi-Site Clinical Study. Building on the progress of the Pilot program, clinical outcomes, and observations from key opinion leaders, the Company is planning to launch a multi-site clinical study in the third calendar quarter of 2022. The study is expected to enroll and treat up to approximately 60 patients at six sites, with the primary end point of wound closure. This study is intended to accelerate payor adoption as well as differentiate and highlight the key benefits of AC5 in treating hard to heal wounds.
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NMM | Hot Stocks07:38 EDT Navios Maritime Partners to acquire two LNG containerships for $241.2M - Navios Maritime Partners announced that it agreed to purchase two liquified natural gas dual fuel 7,700 TEU containerships, for an aggregate purchase price of $241.2M. The vessels have the ability to operate on either LNG or conventional marine fuels. They are expected to be delivered into the fleet in the fourth quarter of 2024. The closing of the transaction is subject to completion of customary documentation. Navios Partners has been granted a two-month option for two additional LNG dual fuel 7,700 TEU containerships at the same terms, delivering in the second quarter of 2025. The two containerships, have been chartered-out for 12 years, at an average net rate of $42,288 per day. The charter agreement provides for de-escalating payments as follows: Year 1-3: 57,213 net per day; Year 4-6: 52,238 net per day; Year 7-8: 37,313 net per day; Year 9-10: 27,363 net per day; Year 11-12: 24,875 net per day The charterer has an option to extend the charter for an additional two years at a net rate of $24,875 per day. In connection with this transaction, the charterer agreed to amend existing charters on two 6,800 TEU containerships currently expiring in the fourth quarter of 2023. Under the amended terms, the charter period will be extended for seven months at $43,944 net per day. However, if Navios Partners exercises its existing option to extend the charter term for five years the charter period will also be extended for eight- and one-half months at $30,119 net per day.
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OST | Hot Stocks07:38 EDT Ostin begins delivery of large display module orders to Sichuan AI-Chance Tec - Ostin Technology Group announced that the Company has started delivering the display module orders of an aggregate value of RMB 20.64M to Sichuan AI-Chance Tec, a Tier 1 auto electronic components and technology supplier in China. The display modules ordered by AI-Chance will be used to manufacture its in-car screens customized for Chinese electric vehicle manufacturer WM Motor Holdings. The Company expects to complete delivery of all the AI-Chance orders by the end of this year. Tao Ling, Chairman and CEO of the Company commented: "We are delighted to start the delivery of orders to AI-Chance, which are a testament to our products. We are focused on ramping up production to catch up with the increasing demand for display modules due to the expansion of the automotive display market in China."
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BRTX | Hot Stocks07:37 EDT BioRestorative announces trial contract with second site for Phase 2 trial - BioRestorative Therapies announced it has reached an agreement with its second clinical site for its Phase 2 clinical trial targeting chronic lumbar disc disease, cLDD. The Center for Clinical Research, which is located in North Carolina, is BioRestorative's second clinical trial contract executed. BioRestorative's Phase 2 trial is a double-blind controlled, randomized study to evaluate the safety and preliminary efficacy of a single dose intradiscal injection of the Company's autologous investigational stem cell-based therapeutic, BRTX-100. A total of up to 99 eligible patients will be randomized at up to 15 sites in the United States to receive either the investigational drug or control in a 2:1 fashion. "With the signing of our second clinical trial agreement, we are pleased to welcome Dr. Richard Rauck who will be the principal investigator for The Center for Clinical Research," said Lance Alstodt, Chief Executive Officer of BioRestorative Therapies. "Dr. Rauck has extensive clinical experience and brings expertise in the field of cell-based regenerative medicine, which is invaluable for a successful clinical trial."
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ENVX | Hot Stocks07:36 EDT Enovix to join Russell 2000, 3000 Indexes - Enovix announced that it is set to be added as a member of the Russell 2000 and 3000 Indexes, effective after the U.S. market opens on June 27, according to a updated membership list of additions posted by FTSE Russell on June 17, 2022.
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AMST | Hot Stocks07:35 EDT Amesite launches V5 AI-driven online learning platform - Amesite announces the expansion of its capabilities to serve larger entities, with the launch of Version 5.0 of its AI-driven online learning platform. The company said, "Version 5.0 of the Amesite Learning Community Environment delivers features and service attributes that offer scalability, security, flexibility and the ability to sell learning products: Scale - Amesite can meet the needs of 65k+ medium and large businesses across the U.S.; eCommerce Ecosystem Solution - Customers can sell courses to Learners on a single branded, online platform that delivers proprietary, custom or third-party content; Best-in-Class Security - Customers get security and data privacy out-of-the-box; Streamlined Deployment - Customers can launch a fully branded LCESM in just 24h; Flexibility - Customers can offer courses that are branded differently, enabling different parts of an organization to deliver on their own sub-brands; Onboarding Pre-Enrollment - Learners are registered and enrolled in a simple, intuitive process that makes deployment easy."
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OPGN | Hot Stocks07:35 EDT OpGen announces 1,000th patient sample enrolled in trial for Unyvero UTI Panel - OpGen reported today that it has enrolled its 1,000th prospective patient sample for its Unyvero Urinary Tract Infection Panel. OpGen's Unyvero Urinary Tract Infection, UTI, Panel tests for a broad range of pathogens as well as antimicrobial resistance markers directly from native urine specimens. The clinical performance evaluation, which aims at a subsequent submission to the U.S. Food and Drug Administration, includes a prospective multicenter trial at three U.S. sites. OpGen recently added a fourth study site in the United States to optimize enrollment for different urine sample types to be included in the study. "The UTI trial completion and final data read out, which we expect in the second half of this year, will be another major milestone for OpGen" commented Oliver Schacht, CEO of OpGen. "Unblinding data from a major clinical trial is always an exciting catalyst, and we believe there is a clear unmet medical need for a rapid, comprehensive, sample to answer test for complicated urinary tract infections".
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AMRC | Hot Stocks07:34 EDT Ameresco finishes Phase1 of energy project with Baltimore city public schools - Ameresco announced the first phase completion of its $3.5M energy conservation project with Baltimore City Public Schools. As part of the project, Ameresco provided facility lighting upgrades and enhancements to improve the energy efficiency of 15 school buildings within City Schools. The project consisted of replacing existing interior and exterior lighting with LED lighting. Compared to the existing lighting, LEDs are more energy efficient, need less maintenance, and provide good quality light for students and staff. Some of the lighting also included occupancy sensors so that the lights will turn off automatically when no one is present. The project is estimated to earn City Schools a $500,000 rebate from BGE, the local utility, and save over $400,000 annually in lower electricity costs. The 15 schools include elementary, middle, and high schools located throughout Baltimore City. "Partnering with Ameresco on this project has provided the improvements we needed. Their support and expertise helped us navigate this important project smoothly and without disturbing student learning," said Dr. Lynette Washington, Chief Operating Officer. "From the initial investment grade audit to the completion of this first phase of work, Ameresco has helped us generate energy savings and provide enhanced learning environments for our students."
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MSSTF | Hot Stocks07:34 EDT Mindset Pharma, CAMH enter collaboration to build molecular profile of MSP-1014 - Mindset Pharma has entered into a research collaboration with the Centre for Addiction and Mental Health a top psychiatric research hospital based in Toronto, Canada. Mindset will sponsor a preclinical study at CAMH on its lead asset, MSP-1014, a novel and patented second generation psilocybin-like compound that is being prepared for First-in-Human studies alongside psilocybin. Single psychedelic experiences can cause both short- and long-term behavioral changes in humans and the mechanisms of these are relatively under explored. The study will interrogate how macro and micro doses of psychedelic compounds modulate expression levels of molecular biomarkers of brain plasticity in rats. The team expects to uncover short- and long-term changes in cFOS and BDNF expression that could underlie the long-term behavioral changes associated with a single psychedelic experience and develop molecular insights into the magnitude of effects of its lead compound, MSP-1014, compared to psilocybin. Dr. Anh Dzung Le, Senior Scientist and Head of Neurobiology of Alcohol Lab in the Campbell Family Mental Health Research Institute at CAMH, will lead the study, supported by Dr. Douglas Funk, a Project Scientist in the CAMH Neurobiology of Alcohol Lab
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BBIO | Hot Stocks07:34 EDT BridgeBio announces early data for BBP-812 - BridgeBioPharma announced promising pharmacodynamic data from the first two participants dosed in CANaspire, its Phase 1/2 clinical trial of BBP-812, an investigational intravenous, IV, adeno-associated virus serotype 9 gene therapy for the treatment of Canavan disease. Canavan disease is an ultra-rare and fatal disease with no approved therapies. Data from the first two CANaspire participants show rapid and robust post-treatment decreases in NAA in urine, and importantly, in CSF and brain tissue as shown by magnetic resonance spectroscopy, to a degree not seen in available natural history data. Reduction in brain NAA is an early signal suggesting that BBP-812 administered IV has reached its intended target behind the blood-brain-barrier and is expressing functional aspartoacylase enzyme. There is evidence in the scientific literature that lower NAA levels are associated with milder disease. More time will be needed to see how these reductions in NAA translate to clinical outcomes. From a safety standpoint, IV infusions of BBP-812 have been well-tolerated, and to date, no participants have experienced a treatment-related serious adverse event. BridgeBio reported: At Month 6 post-treatment, Participant 1 showed: 77% lowering of NAA in the CSF, 15% reduction in NAA in brain white matter by magnetic resonance spectroscopy imaging, ~50% decrease in urine NAA. At Month 3 post-treatment, Participant 2 showed: 89% reduction of NAA in CSF; greater than50% decrease in NAA in brain white matter by MRS imaging; 81% drop in urine NAA
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HBM | Hot Stocks07:33 EDT Hudbay Minerals announces completion of mining activities at 777 mine - Hudbay Minerals announced that mining activities at the company's 777 mine in Flin Flon, Manitoba, have concluded after the reserves were depleted following 18 years of steady production. Closure activities at the 777 mine have commenced and employees and equipment are transitioning to the company's operations in Snow Lake, Manitoba. The 777 deposit was a large and rich orebody and for many years was the flagship mine of Hudbay's Manitoba operations. The mine commenced production in 2004 with an initial ten-year mine life, operated steadily and successfully expanded reserves by an additional eight years. After extensive drilling in and around the mine in recent years, no new deposits were identified and the 777 mine hoisted its last skip of ore late last week. The company's hydrometallurgical zinc facility in Flin Flon will also be closed after more than 25 years of successful operations. The 777 mine and the zinc plant are scheduled to be safely decommissioned by September 2022. The Flin Flon concentrator and tailings impoundment area will be shifted to care and maintenance, which could provide optionality should another mineral discovery occur in the Flin Flon area. Hudbay strives to achieve the highest closure practices and has considered stringent and detailed environmental plans to manage water and the remaining infrastructure and processing plants in Flin Flon. Personnel and equipment are being deployed from 777 to Hudbay's Lalor mine in Snow Lake as part of the Lalor ramp-up strategy. The Lalor mine is a meaningful low-cost gold producer that substantially benefited from the refurbishment of the New Britannia mill in 2021. Hudbay's Snow Lake operations have a 17-year mine life and are expected to produce over 180,000 ounces of gold annually at average cash costs, net of by-product credits, of $412 per ounce over the next six years.
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PSTV BIOC | Hot Stocks07:32 EDT Plus, Biocept announce laboratory services agreement for ReSPECT-LM Trial - Plus Therapeutics (PSTV) and Biocept (BIOC) announce a multi-year agreement to employ Biocept's cerebrospinal fluid, CSF, assay CNSide1 in Plus Therapeutics' ReSPECT-LM Phase 1/2a dose-escalation clinical trial of Rhenium-186 NanoLiposome for the treatment of patients with leptomeningeal metastases, which is cancer in the membranes that surround the brain and spinal cord. "LM and the therapeutic response to 186RNL can theoretically be assessed through periodic sampling of tumor cells in the CSF," said Norman LaFrance, M.D., Chief Medical Officer and SVP of Plus Therapeutics. "Every LM patient in the ReSPECT-LM trial will have permanent access to the CSF via an intraventricular catheter placed in the cerebral ventricles before treatment, permitting medical staff to draw CSF as easily as blood. The CNSide technology is the most sophisticated and powerful technology available for monitoring tumor status and therapeutic response and can be seamlessly implemented into the ReSPECT-LM trial for the potential benefit of patients with LM."
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IKNA | Hot Stocks07:31 EDT iKena Oncology receives FDA Fast Track designation for IK-930 - Ikena Oncology announced that the U.S. Food and Drug Administration has granted Fast Track designation for IK-930, the Company's novel TEAD inhibitor targeting the Hippo signaling pathway, in patients with unresectable NF2-deficient malignant pleural mesothelioma. IK-930 is currently being studied in a Phase 1 clinical trial as a monotherapy in patients with advanced solid tumors with or without gene alterations in the Hippo pathway, including NF2-deficient malignant mesothelioma, Epithelial Hemangioendothelioma with documented TAZ/CAMTA1 fusion genes as well as other solid tumors with either NF2 deficiency or with YAP/TAZ genetic fusions. Preclinical and translational data shared at the American Association for Cancer Research 2022 Annual Meeting highlighted IK-930 as a potential first-in-class TEAD inhibitor that could address unmet need and overcome therapeutic resistance.
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OBCI | Hot Stocks07:31 EDT Ocean Bio Chem trading resumes
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OBCI | Hot Stocks07:30 EDT Ocean Bio Chem trading halted, news pending
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MRNA | Hot Stocks07:29 EDT Moderna: mRNA-1273.214 shows antibody response against Omicron subvariants - Moderna announced new clinical data on its bivalent COVID booster candidate, mRNA-1273.214. One month after administration in previously vaccinated and boosted participants, a 50 microgram booster dose of mRNA-1273.214 elicited potent neutralizing antibody responses against the Omicron subvariants BA.4 and BA.5 in all participants regardless of prior infection. Based on this and prior data, the Company is working to complete regulatory submissions in the coming weeks requesting to update the composition of the booster vaccine to mRNA-1273.214. In today's data, mRNA-1273.214 boosted neutralizing titers against BA.4/BA.5 by 5.4-fold above baseline in all participants regardless of prior infection, and by 6.3-fold in the subset of seronegative participants. Neutralizing titers against BA.4/BA.5 were approximately 3-fold lower than previously reported neutralizing titers against BA.1. One month after an mRNA-1273.214 booster, neutralizing geometric mean titers against BA.4/BA.5 were 941 in all participants, and 727 in seronegative participants. For context, prior studies of a third dose of the prototype booster induced neutralizing GMT against BA.1 of 629 and against Delta of 828. A third dose of the prototype booster was shown to be effective against Delta and BA.1 infection and hospitalization in observational studies. Today's data add to results shared earlier this month from the Company's ongoing Phase 2/3 study in approximately 800 participants. Previous results showed a 50 microgram booster dose of mRNA-1273.214 met all pre-specified primary endpoints, including superiority in neutralizing antibody GMT against Omicron when compared to a 50 microgram booster dose of the prototype booster. The bivalent booster was generally well tolerated, with a reactogenicity and safety profile that was consistent with the prototype booster. Moderna believes these data collectively support updating the composition of the Company's booster to bivalent mRNA-1273.214 for the fall. The Company has already shared these data with regulators and is submitting a manuscript for peer reviewed publication.
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ACON | Hot Stocks07:26 EDT Aclarion to present two-year follow up data on Nociscan clinical trial - Aclarion announced today that the Company will be participating in the 17th Annual State of Spine Surgery Think Tank in Los Cabos, Mexico, June 22-25, 2022, where it will be presenting 2-year follow up data on its pivotal clinical trial published in the European Spine Journal in 2019. The company will also outline its schedule for release of an economic analysis report and initiation of future clinical studies aimed at establishing Nociscan as a standard of care for chronic low back pain. Nociscan is the first evidence-supported SaaS platform to noninvasively help physicians distinguish between painful and nonpainful discs in the lumbar spine. The technology leverages magnetic resonance spectroscopy and proprietary algorithms to identify and analyze chemical biomarkers in the discs demonstrated to be associated with pain. When used with other diagnostic tools, the Aclarion solution provides critical insights into the location of the patient's lower back pain, giving physicians clarity to optimize treatment strategies. On Friday, June 24th, Nociscan will be showcased in a presentation titled, "Aclarion: Resolving the Discogenic Low Back Pain Dilemma," to be presented by Robert Eastlack, MD, Division Head, Spine Surgery, Scripps Clinic Medical Group. In a paper published in the European Spine Journal in 2019, 97% of patients who had surgical intervention for chronic discogenic low back pain met the criteria for significant clinical improvement at one year follow up if all the discs identified as painful by Nociscan were included in the patient's surgical treatment. This compared to only 54% of patients meeting the criteria for success when a painful disc identified by Nociscan was excluded from treatment or a nonpainful disc was included in treatment. After two years of follow up, these results are proving to be durable with 87% of patients who had surgery at all discs identified as painful by Nociscan continuing to show significant clinical improvement. As part of the presentation, Dr. Eastlack will also outline the schedule of clinical trials Aclarion will be initiating this year to build upon the existing body of evidence supporting the efficacy of Nociscan. Aclarion is using recent IPO funding to focus on securing favorable coverage decisions from payers. This includes utilizing existing peer-reviewed publications and clinical results to pursue immediate coverage decisions for Nociscan, a non-invasive and objective diagnostic, as an alternative to discogram, an invasive procedure that is painful by design. The Company is already engaging payers for these coverage decisions and will report on favorable results as they develop. In addition, the Company is pursuing an aggressive clinical strategy to become standard of care for the treatment of low back pain. This clinical strategy includes not only CLARITY, but additional clinical studies called BACPAC BEST and BOND. The Company will report on the initiation of each of these studies as they launch in 2022.
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FURY | Hot Stocks07:24 EDT Fury Gold Mines mobilizes second drill to Percival Prospect - Fury Gold Mines announces that a second drill has been mobilized to its wholly-owned Eau Claire project in the Eeyou Istchee Territory in the James Bay region of Quebec. The second drill will test the refined targeting at the Percival Prospect. Drilling will consist of approximately 6,500 metres seeking to extend the higher-grade core of the Percival gold mineralization down plunge, as well as testing a highly prospective parallel fold hinge 500m to the east. "Percival is one of our most exciting prospects because we are seeing strong indicators in an area that has had historical success but remains relatively unexplored," said Tim Clark, CEO of Fury. "At the same time, given the proximity of this prospect to the Eau Claire deposit, there is an opportunity to significantly advance our overall ounces at the Eau Claire project. We are excited about our pending drill results which are expected to start being released in July, as well as the significant opportunities for new discoveries from the hinge at Eau Claire and Percival which we are now drilling."
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NXHSF | Hot Stocks07:23 EDT Next Hydrogen Solutions announces results of annual general meeting - Next Hydrogen Solutions announced the results of the annual general and special meeting of shareholders held on June 21, 2022. All matters presented for approval at the Meeting have been fully authorized and approved. A total of 9,553,950 common shares, representing 41.74% of the common shares issued and outstanding, were represented in person or by proxy at the meeting. The ordinary resolution to approve fixing the number of directors to be elected at the meeting at eight was approved at the meeting by way of electronic ballot. All of the nominees proposed as directors of the Corporation were duly elected as directors of the Corporation with votes cast by the shareholders present in person or represented by proxy at the meeting by way of electronic ballot. An ordinary resolution to approve the appointment of KPMG LLP, as the auditors of the Corporation, was approved at the meeting by way of electronic ballot. An ordinary resolution to approve the equity incentive plan for the Corporation, as more particularly set out in the management information circular dated May 10, 2022, was approved at the meeting by way of electronic ballot.
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TNXP | Hot Stocks07:21 EDT Tonix Pharmaceuticals announces pricing of $30M private placement - Tonix Pharmaceuticals Holding has entered into a securities purchase agreement with certain institutional investors to purchase 2,500,000 shares of Series A convertible redeemable preferred stock and 500,000 shares of Series B convertible redeemable preferred stock. Each share of Series A and Series B preferred stock has a purchase price of $9.50, representing an original issue discount of 5% of the $10.00 stated value of each share. Each share of Series A and Series B preferred stock is convertible into shares of the Company's common stock at an initial conversion price of $4.00 per share. Shares of the Series A and Series B preferred stock are convertible at the option of the holder at any time following the Company's receipt of shareholder approval for an increase to the authorized shares of common stock of the Company from 50 million to 150 million. The Company will be permitted to redeem the Series A preferred stock at its option upon the fulfillment of certain conditions and subject to certain limitations. The Company and the holders of the Series A and Series B preferred stock also entered into a registration rights agreement to register the resale of the shares of common stock issuable upon conversion of the Series A and Series B preferred stock. Total gross proceeds from the offerings, before deducting discounts, placement agent's fees and other estimated offering expenses, is $30 million. The Series A and Series B preferred stock permits the holders thereof to vote together with the holders of the Company's common stock on a proposal to effectuate an increase to the authorized shares of common stock of the Company at a special meeting of Company shareholders. The Series B preferred stock permits the holder to cast 2,500 votes per share of Series B preferred stock on such proposal, provided, that such votes must be cast in the same proportions as the shares of common stock and Series A preferred stock are voted on that proposal. Except as required by law or expressly provided by the certificate of designation, holders of the Series A and Series B preferred stock will not be permitted to vote on any other matters. The holders of the Series A and Series B preferred stock agreed not to transfer, offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of their shares of preferred stock until after the special meeting. The holders of the Series A and Series B preferred stock have the right to require the Company to redeem their shares of preferred stock for cash at 105% of the stated value of such shares commencing after the earlier of the date of which the Company's receives shareholder approval to increase the Company's authorized shares of common stock or 60 days after the closing of the issuances of the Series A and Series B preferred stock and ending 90 days after such closing. The Company has the option to redeem the Series A preferred stock for cash at 105% of the stated value commencing after the Company's shareholders' approval of the increase to the authorized shares of common stock of the Company, subject to the holders' rights to convert the shares prior to a redemption at the option of the Company. The closing of the offering is expected to occur on or about June 24, 2022, subject to the satisfaction of customary closing conditions.
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XOS | Hot Stocks07:20 EDT Xos set to join Russell 3000 Index - Xos will join the broad-market Russell 3000 Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, 2022.
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BAM | Hot Stocks07:19 EDT Brookfield raises $15B for Global Transition Fund - Brookfield announced that it has reached the final institutional close for the Brookfield Global Transition Fund with total capital raised of $15 billion, making it the world's largest private fund dedicated to facilitating the global transition to a net-zero carbon economy. The $15 billion includes investments from institutional investors in and alongside the Fund, as well as amounts reserved for the private wealth channel. Approximately $2.5 billion has been deployed or allocated from the Fund to date, spanning a range of decarbonization technologies with investments at significant scale. These include: The acquisition of U.S. and German solar power and battery developers, with a combined renewable power development pipeline capacity of approximately 25,000 MW; An investment in a carbon capture and storage developer to fund the rollout of the company's critical technology across energy and industrial facilities in North America; and A development partnership with a U.K. battery storage provider to roll out up to 1,200 MW of capacity alongside 200 MW of co-located solar.
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YLLXF | Hot Stocks07:18 EDT OTC Markets Group welcomes Yellow Cake to OTCQX - OTC Markets Group announced Yellow Cake has qualified to trade on the OTCQX Best Market. Yellow Cake plc upgraded to OTCQX from the Pink market.
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NVS | Hot Stocks07:17 EDT Alladapt completes oversubscribed $119M institutional financing - Alladapt Immunotherapeutics announced the closing of a $119 million financing round led by Enavate Sciences, a portfolio company created by Patient Square Capital. Additional investors participating in the financing include Alladapt's founding investor, Gurnet Point Capital, along with new investors Allerfund, Novartis, Red Tree Venture Capital, and WestRiver Group. Proceeds from this funding round will support the ongoing clinical development of ADP101, the Company's lead product candidate, as well as preparation for a potential pivotal trial, the continued buildout of Alladapt's manufacturing facility, and investment in further pipeline expansion. Leveraging an immense body of evidence in oral immunotherapy developed by many leading allergists, including Dr. Kari Nadeau, the Director of the Sean N. Parker Center for Allergy and Asthma Research at Stanford University and co-founder of Alladapt, ADP101 is currently being studied in Harmony, a Phase 1/2 trial, and Encore, the associated open-label extension study, in food allergy patients.
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QURE | Hot Stocks07:15 EDT uniQure announces grant equity awards to 32 new employees - uniQure announced that the Company granted equity awards to 32 newly hired employees as a material inducement to commencing their employment. The equity grants were approved on April 29, 2022 in accordance with Nasdaq Listing Rule 5635(c)(4). In the aggregate, the employees received 84,900 restricted stock units, RSUs, and options to purchase 119,000 ordinary shares of uniQure. Each option has an exercise price of $14.94 per share, the closing price per ordinary share as reported by Nasdaq on the Grant Date. Each option has a ten-year term and will vest over four years from the Grant Date, with 25% of the original number of shares vesting on the first anniversary of the Grant Date and an additional 6.25% of the shares vesting in approximately equal quarterly installments over the twelve successive quarters following the first anniversary of the Grant Date. The RSUs will vest over three years, with one-third of the RSUs vesting annually on each successive anniversary of the Grant Date.
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LGIH | Hot Stocks07:14 EDT Terrata Homes selling new homes within The Colony - LGI Homes announced that their Terrata Homes brand is now selling brand-new homes within the established, master-planned community, The Colony. Ideally located in Bastrop, Texas, The Colony offers homeowners the opportunity to live within a premier neighborhood with quick access to major Austin area employers, local schools, and a plethora of parks and world-class amenities.
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CYCC | Hot Stocks07:13 EDT Cyclacel Pharmaceuticals announces Ferguson elected to board of directors - Cyclacel Pharmaceuticals announced the election of Kenneth Ferguson, Ph.D., to its Board of Directors. Dr. Ferguson was elected by and will represent the 6% Convertible Exchangeable Preferred stockholders. Dr. Ferguson's professional experience includes over 30 years of scientific and drug development experience in the biopharmaceutical industry. Currently, he serves as an Operating Partner at Accelerator Life Science Partners.
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BITF | Hot Stocks07:13 EDT Bitfarms announces results of annual general meeting - Bitfarms announced the results of its annual general meeting of shareholders, held in Brossard, Quebec on June 21, 2022. A total of 92,227,382 common shares, representing 45.58% of the issued and outstanding common shares of the Company were represented at the Meeting. By a vote by way of proxies received/casted, five directors were elected to the Company for the ensuing year. By a vote by way of proxies received, shareholders voted in favour of reappointing PricewaterhouseCoopers LLP, as auditors of the Company for the ensuing year and authorized the directors to fix their remuneration, with votes "for" totaling 91,670,612 common shares and votes "withheld" totaling 549,766 common shares
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BCRX | Hot Stocks07:12 EDT BioCryst announces ORLADEYO data to be presented at EEACI Hybrid Congress 2022 - BioCryst Pharmaceuticals announced multiple upcoming data presentations at the European Academy of Allergy and Clinical Immunology, EAACI, Hybrid Congress 2022 from July 1-3, 2022, at the O2 universum in Prague, Czech Republic. Details of the three abstracts that will be presented in Flash Talks sessions include:"Attack-free Status in Patients who Switched from Subcutaneous Lanadelumab to Oral Berotralstat; Abstract #311;" "Improvement in Quality of Life and Hereditary Angioedema (HAE) Attack Rates Observed in Patients Treated with Long-term Berotralstat in the APeX-2 Study;" "96 Weeks of Treatment with Berotralstat Consistently Decreases the Use of Injectable On-Demand Medication to Treat Hereditary Angioedema (HAE) Attacks: Analysis from APeX-2."
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MDNA | Hot Stocks07:11 EDT Medicenna Therapeutics sees cash runway late into 2Q23 - Medicenna had cash, cash equivalents, and marketable securities of $20.5 million at March 31, 2022. These funds provide the Company with sufficient capital to execute its current planned expenditures late into the second quarter of calendar 2023 and important upcoming catalysts based on its current plans and projections.
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MDNA | Hot Stocks07:11 EDT Medicenna Therapeutics announces expected upcoming milestones - Initial PK/PD data from the fourth dose escalation cohort of the Phase 1/2 ABILITY study expected in July 2022. Identification of MDNA11's recommended Phase 2 dose (RP2D) in the ABILITY study expected in the fourth quarter of calendar 2022. Commencement of the ABILITY study's single agent expansion phase expected in the fourth quarter of calendar 2022. Clinical update from the ABILITY study expected in the fourth quarter of calendar 2022.
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TLRY | Hot Stocks07:11 EDT Tilray welcomes government of Luxembourg delegation visit to European campus - Tilray Brands welcomes the Luxembourg Ministry of Health Delegation to the Company's European campus and facility located in Cantanhede, Portugal. Tilray's EU-GMP-certified medical cannabis cultivation and manufacturing facility in Portugal provides patients in Luxembourg and across Europe, where permitted by law, with safe and reliable access to high-quality medical cannabis. The visit was organized to give the Luxembourg Delegation a firsthand view of Tilray's EU-GMP operations in Portugal, the premiere medical cannabis site in Europe.
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DGHI | Hot Stocks07:09 EDT Digihost completes acquisition of 55 MW site in Alabama - Digihost Technology announces that it has completed its previously announced transaction with Grede II to acquire property in the state of Alabama in order to expand the Company's current operational capacity. The total cash consideration paid for the property by the Company was $1.5M, with an additional $1.25M to be paid in 25 equal monthly installments of $50,000 per month. "The successful acquisition of our new site in Alabama marks a significant milestone in Digihost's history, firmly establishing the Company as a leading Bitcoin mining platform operating with jurisdictional diversification," said Michel Amar, Chairman and CEO of Digihost. "With Digihost's capability to build out the existing infrastructure in place at the property and implement best-in-class construction, development, and operational excellence, the Company is well-positioned to increase the scale and scope of its operations with this new site while utilizing clean and renewable energy sources in the process." Digihost plans to immediately commence construction and the development of the facilities in Alabama with the goal of bringing the property to a hashing capacity of 28 MW by the end of the third quarter of 2022 and a total of 55 MW by the end of the first quarter of 2023.
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EVGO | Hot Stocks07:09 EDT EVgo selected for $3.6M in grant funding from California Energy Commission - EVgo announced that the company was selected for proposed awards for two new California Energy Commission, or CEC, Reliable, Equitable, and Accessible Charging for multi-family Housing, or REACH, grants totaling $3.6M. These funds will be used to deploy new high-powered direct current fast chargers, or DCFC, near multi-family housing, or MFH, units. In addition, local community residents will be eligible for discounted EVgo rates as part of the project.
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WGO | Hot Stocks07:08 EDT Winnebago expects supply chain inconsistencies to continue in Q4, 2023 - CEO Michael Happe continued, "Looking at the broader economic trends, we have been successful in managing supply chain disruptions, improving dealer inventory levels, navigating cost inflation, and driving manufacturing productivity to deliver consistently strong results. We expect supply chain inconsistencies and inflation pressures to continue in the fourth quarter, and into our fiscal 2023, and we are focused on continuing to stay ahead of them by leveraging our resilient operating structure, deep and collaborative relationships with our dealers and suppliers, and highly-differentiated, premium portfolio of brands. We are confident that the continued execution of our strategy, including a focus on innovation and a differentiated product and overall customer experience, and unwavering commitment to our team and communities positions Winnebago Industries for sustained market share gains and strong profitability across our business."
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APLS | Hot Stocks07:08 EDT Apellis expands R&D collaboration with Affilogic - Apellis Pharmaceuticals and Affilogic announced that the companies have expanded their research and development, R&D, collaboration, which was initially formed in 2018, to include the development of Nanofitins targeting the transferrin receptor, TfR, which enables drugs to be transported across the blood brain barrier and into the central nervous system. TfR-specific Nanofitins, also known as brain shuttles, are designed to be combined with other treatment modalities including peptides, small molecules, and antibodies. The companies also continue to collaborate on the discovery of Nanofitin-based therapies that target C3, the central protein of the complement cascade. Several research programs are in development including two pre-clinical candidates for which Apellis expects to submit investigational new drug applications over the next 12 months: APL-1030 and APL-2006. Under the terms of the expanded agreement, Apellis secured exclusive, sublicensable, worldwide patent rights for all development projects. Affilogic currently receives research costs and will be eligible to receive development milestone payments and royalty payments on net sales of any product approved out of this collaboration.
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GFAI | Hot Stocks07:06 EDT Guardforce AI expands RaaS business offering in Japan, US - Guardforce AI announced that it has opened new offices in Tokyo, Japan and San Francisco, California, expanding its Robotics-as-a-Service, RaaS, business lines in these two markets. The Company's robotics solutions offering in these two locations will include the T-series robot for reception services, food delivery robots, and disinfection robots for restaurants, shopping malls and hotels. Terence Yap, Chairman of Guardforce AI, commented, "Opening offices in Tokyo and San Francisco mark important milestones as these two markets represent significant opportunities for our RaaS business line. With increasing labor costs and the aging population, in Japan alone automated robotic services are expected to double from 2020 to 2026. In addition, San Francisco is a well-known tech hub with high quality technology engineers and renowned technology research centers, making it the perfect location to set up our RaaS operations to attract talent and build a comprehensive technology ecosystem surrounding our RaaS solutions. We are rapidly expanding in key markets globally to meet the growing needs of our clients and partners with the goal of becoming a leading provider of RaaS services worldwide."
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INVZ | Hot Stocks07:06 EDT Innoviz Technologies and Visionary.ai partner for improved machine vision - Innoviz and Visionary.ai, a developer of software-based image signal processor technology, announced a new partnership to combine Visionary.ai's imaging technology with Innoviz's LiDAR sensors and perception software. Combined, the two technologies aim to improve 3D machine vision performance for a wide range of applications including robotics, smart cities, and drones. Visionary.ai's True Night Vision technology leverages Artificial Intelligence to enhance image quality for machine vision, especially in challenging and low-light conditions. Harnessing the two companies' powerful technologies will aim to deliver highly accurate 3D imaging, especially during challenging imaging conditions.
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AACI... | Hot Stocks07:06 EDT Rezolve enters strategic partnership with ACI Worldwide - Rezolve and ACI Worldwide announced a strategic partnership that will see Rezolve's technology integrated into the ACI Omni-Commerce solution, a secure omni-channel payment processing platform with the flexibility to support the in-store, online and mobile needs of consumers. The technology integration will also include ACI Secure eCommerce, a holistic platform that combines a powerful payments gateway, sophisticated real-time fraud prevention capabilities and advanced business intelligence tools. With ACI Secure eCommerce, Rezolve will have a single platform to quickly onboard customers in new geographies and address future payments evolution and challenges.
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KVHI | Hot Stocks07:06 EDT KVH Industries names Bruun President, Chief Executive Officer, director - KVH Industries announced that its Board of Directors has appointed Brent Bruun as President and Chief Executive Officer and a member of the Board. The Board also appointed two seasoned industry executives, David Kagan and David Tolley, as directors of KVH. Bruun has served as KVH's Interim President and Chief Executive Officer since March 2022. He first joined KVH in 2008. Cathy-Ann Martine-Dolecki, Chair of the Board, commented "As the process continued, it became clear that Brent is the best choice to lead the Company going forward. He has the right experience, deep knowledge of KVH and our products and services, and management capabilities to successfully execute on our long-term strategy. We have already seen him succeed in the interim position and are confident that he is the right person to achieve the Company's goals, including sustained profitability, positive operating income, and enhanced shareholder value."
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AQUA | Hot Stocks07:04 EDT Evoqua Water to acquire Smith Engineering - Evoqua Water announced that it has entered into a definitive agreement to acquire privately-held Smith Engineering. The acquisition will enhance Evoqua's portfolio of high purity water treatment systems and expand its service footprint in North America. Smith Engineering is headquartered in Chaska, Minnesota. With over 1,200 customers in North America, Smith Engineering offers a variety of water treatment products and services, including filtration, UV, reverse osmosis, and deionization. The transaction is expected to close during Evoqua's fourth quarter of FY22, which ends September 30, subject to the satisfaction of customary closing conditions. Upon closing the transaction, the business will be part of Evoqua's Integrated Solutions and Services segment.
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CSTL | Hot Stocks07:04 EDT Castle Biosciences announces data showing value of skin cancer tests - Castle Biosciences announced new data demonstrating the clinical value of the Company's tests for skin cancer in guiding more informed disease management decisions. Data on each of Castle's skin cancer tests, as outlined below, was shared during the recent Society of Dermatology Physician Assistants SDPA Annual Summer Dermatology Conference 2022. While patients with thin cutaneous melanoma CM tumors are typically deemed low risk by traditional staging alone, studies have shown that up to 15%1-3 of these patients will go on to experience disease recurrence. As such, there is an opportunity to use DecisionDx-Melanoma to identify which patients with thin CM tumors may have aggressive tumor biology and thus could benefit from increased surveillance through advanced imaging or adjuvant therapy. "The data in this study reinforced what we find in clinical practice: some patients initially thought to be low risk by traditional, clinicopathologic staging methods can have more aggressive tumor biology, and their melanoma may come back, even after their primary tumor has been removed," said lead study author Abel Jarell, M.D., dermatologist and dermatopathologist at Northeast Dermatology Associates in Portsmouth, New Hampshire. "DecisionDx-Melanoma can help identify these high-risk patients who may warrant a need for more intense treatment and surveillance to reduce their likelihood of recurrence and potentially improve the overall outcome of their disease."
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ONEW OBCI | Hot Stocks07:04 EDT OneWater Marine to acquire Ocean Bio-Chem for $13.08 per share in cash - OneWater Marine (ONEW) announced that it has signed a definitive agreement to acquire Ocean Bio-Chem, Inc. (OBCI) for $13.08 per share, in an all-cash transaction valued at approximately $125 million. As part of the transaction, OneWater will also acquire OBCI's affiliate, Star Brite Europe, Inc. Upon closing of the transaction, both OBCI and Star Brite Europe, Inc. will be integrated into T-H Marine Supplies, LLC, OneWater's subsidiary and strategic growth platform for parts and accessories businesses. As a vertically integrated supplier, OBCI manufactures, markets, and distributes a broad line of products under Star brite, Star Tron, Odor Star, Performacide, and other brand names. In addition, OBCI provides private label production, blending, and packaging for many of its products. Ocean Bio-Chem's headquarters are located in Ft. Lauderdale, FL with a manufacturing plant in Montgomery, AL, shipping products globally. Ocean Bio-Chem's Board of Directors, based on the recommendation of a special committee of disinterested directors formed by the Board to evaluate the transaction, has unanimously approved the transaction. OneWater will finance the transaction with an extension of its term loan facility led by Truist Bank and has received a commitment letter to be executed following the transaction closing. The transaction is expected to close during the Company's fiscal fourth quarter 2022, which ends September 30, 2022, and is subject to usual and customary closing conditions as well as regulatory review and approval.
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KRYS | Hot Stocks07:03 EDT Krystal Biotech submits BLA to US FDA for B-VEC - Krystal Biotech announced the submission of a Biologics License Application, BLA, to the U.S. Food and Drug Administration, FDA, seeking approval of B-VEC for the treatment of patients with dystrophic epidermolysis bullosa, DEB. B-VEC is an investigational non-invasive, topical gene therapy designed to treat DEB at the molecular level by providing the patient's skin cells with two copies of the COL7A1 gene to make functional COL7 protein, thereby addressing the fundamental disease-causing mechanism. The BLA submission for B-VEC is supported by data from two placebo controlled clinical trials - the GEM-3 trial and the GEM-1/2 trial. In addition to submitting the BLA to the FDA, the Company has continued to engage in dialog with regulatory authorities in other markets, including Europe and Japan. The Company anticipates submission of a marketing authorization application with the European Medical Agency in 2H 2022.
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F | Hot Stocks07:03 EDT Ford selects Valencia plant for next-gen EV assembly - Ford in Europe confirmed that it has chosen its plant in Valencia, Spain, as the preferred site to assemble vehicles based on a next-generation electric vehicle architecture. "Pending product approval, the Valencia plant could produce breakthrough electric and connected vehicles beginning later this decade. Ford is also moving forward with a $2 billion conversion of its Cologne, Germany, operations to begin producing electric passenger vehicles starting in 2023. Ford's European strategy calls for an exciting line-up of electric vehicles, including an electric version of the popular Ford Puma and extending its leadership in the commercial segment with electric Ford Pro vehicles and connected services. By 2026, Ford in Europe plans to sell 600,000 electric vehicles annually," the company stated. Reference Link
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CHK | Hot Stocks07:02 EDT Chesapeake raises repurchase program authorization to $2B from $1B - Chesapeake Energy announced that its Board of Directors has doubled its previously announced repurchase program authorization from $1B to up to $2B in aggregate value of its common stock and/or warrants through year-end 2023. To date, under its previously authorized program, Chesapeake has repurchased approximately 5.4M shares of its common stock at an average price of approximately $89 per share.
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TECH | Hot Stocks07:02 EDT Bio-Techne to acquire Namocell - Bio-Techne has reached an agreement to acquire Namocell. Bio-Techne anticipates the acquisition to close in Q1 of FY23. Founded in 2014 and headquartered in Mountain View, California, Namocell is a provider of single cell sorting and dispensing platforms that preserve cell viability and integrity. Namocell's current installed base is approaching 200 placements, including approximately 60 instruments sold in calendar 2021.
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ATHA | Hot Stocks07:02 EDT Athira Pharma announces results from ACT-AD Phase 2 study of fosgonimeton - Athira Pharma announced topline results from its exploratory ACT-AD Phase 2 study of fosgonimeton, ATH-1017, in patients with mild-to-moderate Alzheimer's disease. Fosgonimeton is a small molecule designed to enhance the activity of Hepatocyte Growth Factor and its receptor, MET, which are expressed in the central nervous system to promote brain health and function. "Following compelling ERP P300 latency biomarker data from a small Phase 1b trial over eight days in Alzheimer's patients on fosgonimeton monotherapy, this Phase 2 trial provides valuable insights into the nature of this novel intervention over 26 weeks. ACT-AD was designed as a learning study to further investigate the ERP P300 biomarker signal over 6 months, assess safety in a patient population more representative of the real world, by allowing the use of add-on standard-of-care acetylcholinesterase inhibitors, and explore fosgonimeton's effect on psychometric outcomes, including ADAS-Cog11, to inform the ongoing Phase 3 LIFT-AD study. To that end, this study achieved its goal," said Hans Moebius, M.D., Ph.D., Chief Medical Officer of Athira. "These data points are very encouraging as they indicate the expected pharmacological activity of fosgonimeton by parallel improvement on ERP P300 latency and ADAS-Cog11 and show a favorable safety profile over six months. This is the first time monotherapy fosgonimeton has shown an effect on ADAS-Cog11, suggesting a potential cognitive benefit. We will use these insights for a rational optimization of the ongoing LIFT-AD trial. We plan to seek advice from our scientific advisors, investigators, and ultimately regulators on how to expeditiously analyze and potentially adapt the LIFT-AD study," added Dr. Moebius
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VLNS | Hot Stocks07:01 EDT Valens signs exclusive cannabis partnership with Coldhaus Distribution - The Valens Company announced that it has secured an exclusive cannabis partnership with Coldhaus Distribution to provide integrated logistics solutions for Valens-branded cannabis products across Ontario, Alberta, and British Columbia. Pursuant to the two-year partnership, Coldhaus in conjunction with Valens will be responsible for store level representation, brand advocacy, distribution route coverage and retail staff education to drive brand visibility and commercial retail presence. Furthermore, leveraging Coldhaus' direct-to-store management infrastructure we believe will significantly increase the frequency, reach and touchpoints of our brands as we continue to penetrate key retail relationships. The dedicated field team to be put in place through this partnership will allow Valens to connect with and educate retail staff in respect to our brands and product attributes providing a unique opportunity to help drive consistent in-store category strategy while supporting retailers as they focus on enriching consumer experience.
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FLR ILKAY | Hot Stocks06:57 EDT Fluor awarded contract for Iluka Resources' Eneabba refinery in Australia - Fluor's (FLR) Mining & Metals business was awarded a contract to perform engineering, procurement and construction management for Iluka Resources' (ILKAY) Eneabba project, a fully integrated rare earths refinery in Eneabba, Western Australia. Fluor will book the undisclosed reimbursable contract value in Q2. Fluor will complete the front-end engineering design and execute the EPCM services to deliver the refinery. It will have a feed capacity of approximately 55,000 tonnes per annum to produce an estimated 17,500 tonnes per annum of rare earth oxides. Construction of the refinery is scheduled to begin later this year with first production expected in 2025.
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TAK | Hot Stocks06:56 EDT Takeda Pharmaceutical announces creation of R&D center in Kendall Square - Takeda announced that it has signed a 15-year lease with BioMed Realty for approximately 600,000 square feet of research and development and office space to be built at 585 Third Street in Kendall Square. The state-of-the-art facility will allow Takeda, the largest life sciences employer in Massachusetts, to create a purpose-built R&D facility with laboratories of the future featuring modern design elements and upgraded technology to support the company in its efforts to advance innovation for patients. The new facility will support Takeda's efforts to redefine the future of work by adopting flexible workspaces to maximize in-person interaction and connection under a flexible and hybrid working model. The company will also expand its existing space in 650 East Kendall to include two additional floors, making Takeda the sole laboratory and office tenant in that building.
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ANIP | Hot Stocks06:53 EDT ANI Pharmaceuticals' Clorazepate Dipotassium Tablets approved by FDA - ANI Pharmaceuticals received FDA approval for the Abbreviated New Drug Application for Clorazepate Dipotassium Tablets. ANI's Clorazepate Dipotassium Tablets are the generic version of the Reference Listed Drug Tranxene. The current annual U.S. market for Clorazepate Dipotassium Tablets is approximately $25.8M.
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OMI CAH | Hot Stocks06:53 EDT Owens & Minor names Tammy Gomez EVP and Chief Human Resources Officer - Owens & Minor (OMI) announced the appointment of Tammy Gomez as Executive Vice President & Chief Human Resources Officer, effective July 11. Gomez will report to Owens & Minor's President and CEO, Edward Pesicka, and be a member of the company's executive leadership team. Gomez brings more than two decades of healthcare industry experience to Owens & Minor, having held leadership positions of increasing responsibility over the course of her career, most recently as SVP, Global Human Resources Centers of Excellence & Human Resources Services and Solutions for Cardinal Health (CAH).
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VLDR | Hot Stocks06:52 EDT Velodyne Lidar's Intelligent Infrastructure Solution deployed in Helsinki - Velodyne Lidar announced its Intelligent Infrastructure Solution was deployed in Helsinki, Finland to collect traffic data and improve roadway safety. Intelligent Infrastructure Solution, which combines Velodyne's lidar sensors and Bluecity's AI software, was used to monitor traffic flow at three intersections in the Jatkasaari section of Helsinki. In the project, IIS delivered an average counting accuracy of 97 percent for vehicle traffic as well as bicycle and pedestrian traffic. The solution also detected near miss collision situations. Next steps for the project include further developing vehicle classification capabilities, building a solution for mobile use for short-term traffic measurement and creating an interface between IIS and traffic signal controllers.
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MRK | Hot Stocks06:48 EDT Merck announces FDA approves expanded indication for VAXNEUVANCE - Merck announced that the U.S. FDA has approved an expanded indication for VAXNEUVANCE to include children 6 weeks through 17 years of age. VAXNEUVANCE is now indicated for active immunization for the prevention of invasive disease caused by Streptococcus pneumoniae serotypes 1, 3, 4, 5, 6A, 6B, 7F, 9V, 14, 18C, 19A, 19F, 22F, 23F and 33F in individuals 6 weeks of age and older. The approval follows the FDA's Priority Review of Merck's supplemental application. VAXNEUVANCE is contraindicated for individuals with a severe allergic reaction to any component of VAXNEUVANCE or to diphtheria toxoid.
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TFX | Hot Stocks06:33 EDT Teleflex enrolls first patient in Manta device study - Teleflex announced the first patient enrollment in a clinical study that is intended to demonstrate the safety of MANTA Vascular Closure Device ultrasound guided closure, without dependence on the pre-procedural depth locator measurements. The study will enroll patients undergoing elective TAVR procedures with planned percutaneous femoral arterial access. Enrolling up to 150 patients, the MANTA Ultra Study is a prospective, multi-center, single-arm trial employing the primary safety endpoint of any large bore access-site related Valve Academic Research Consortium-2 Major Vascular Complication within 30 days. The occurrence of access site complications is known to be associated with higher rates of morbidity and mortality and increased costs associated with prolonged length of stay. The study intends to demonstrate that ultrasound allows for precise deployment and positive positioning of the MANTA Device anchor within the vessel. In addition to the primary safety endpoint, the study will employ a secondary endpoint of any large bore access-site related VARC-2 minor vascular complication within 30 days and secondary effectiveness endpoints that include time to hemostasis, technical success, ambulation success, time to ambulation, treatment success and procedure time.
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NVO | Hot Stocks06:30 EDT Novo Nordisk, Echosens announce partnership to increase early diagnosis of NASH - Echosens and Novo Nordisk A/S announced a partnership to advance early diagnosis of non-alcoholic steatohepatitis, or NASH, and increase awareness of the disease among patients, healthcare providers and other stakeholders. Echosens and Novo Nordisk will collaborate to support additional clinical validation, generation of real-world evidence and adoption of non-invasive diagnostic tests for NASH and work together to increase awareness of the disease and the importance of early diagnosis and management. The companies have a shared ambition of doubling diagnostic rates for people living with advanced to severe NASH by 2025.
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VLVLY | Hot Stocks06:21 EDT Volvo expects accelerated growth from electric vehicles, machines - At Volvo's Capital Markets Day, president and CEO Martin Lundstedt and group management outlined the major business opportunities in the ongoing technology shift that is expected to accelerate the group's sales growth. The company said, "Over the last decade, the Volvo Group has established an industry-leading profitability and is now taking the next step on its strategic journey. Growth is expected to accelerate with the main driver being the higher value of the electric vehicles and machines. With electric vehicles there is a potential to increase the total vehicle and service revenues per unit by more than 50 percent over the lifecycle. Leveraging the Group's first-mover advantage to gain market shares and broadening the services offering are also expected to drive growth. While capturing these growth opportunities, the Volvo Group's financial targets remain."
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AMZN | Hot Stocks06:08 EDT Amazon names Doug Herrington as CEO of Worldwide Amazon Stores - Amazon CEO, Andy Jassy, said in a message to employees on Tuesday: "I'm excited to share that Doug Herrington will become the new CEO of our Worldwide Amazon Stores business. Doug has been at Amazon for 17 years. He joined the company in 2005 to build out our Consumables business, launched AmazonFresh in 2007, and in 2015, took on leading all of our North American Consumer business... As part of this organizational change, Doug and I are pleased to share that the Operations organization will be united under a single leader, John Felton... This is a very strong and experienced leadership team. I remain very optimistic about our Stores business, and believe we're still in the early days of what's possible."
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SRE | Hot Stocks06:05 EDT Sempra Energy subsidiary, Ineos subsidiary enter HOA for LNG supply agreement - Sempra Infrastructure, a subsidiary of Sempra, and Ineos Energy Trading, a subsidiary of Ineos, a global chemical products manufacturer, announced they have entered into a heads of agreement, or HOA, for the long-term supply of liquefied natural gas, or LNG, from Sempra Infrastructure's Gulf Coast LNG portfolio of projects under development in North America. The HOA provides the framework for the negotiation and finalization of a definitive 20-year LNG sale and purchase agreement for approximately 1.4M tons per annum, or Mtpa, of LNG delivered free-on-board from the proposed Port Arthur LNG project or Cameron LNG Phase 2 project. In addition to the 1.4 Mtpa HOA with Ineos Energy Trading, last month Sempra Infrastructure announced an HOA with the Polish Oil & Gas Company for two Mtpa from Cameron LNG Phase 2 and one Mtpa from Port Arthur LNG, with an option for PGNiG to reallocate the Cameron LNG Phase 2 volumes to Port Arthur LNG. Sempra Infrastructure also recently announced an HOA with RWE Supply and Trading for 2.25 Mtpa from the Port Arthur LNG project.
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VACC | Hot Stocks06:05 EDT Vaccitech's VTP-300 shows efficacy in hepatitis B study - Vaccitech updated the interim analysis of safety and efficacy data from the HBV002 study being presented as a poster at the 2022 EASL International Liver Congress. The updated analysis, which now includes 39 patients with at least three months of follow-up, shows that VTP-300 as a monotherapy or in combination with a single low-dose nivolumab at the time of the booster dose was safely administered with no treatment-related serious adverse events and two patients with mild, rapidly resolving transaminitis. In the VTP-300 monotherapy group, meaningful and durable reductions of Hepatitis B surface antigen, or HBsAg, were seen in all three patients with baseline HBsAg under 50 IU/mL. These dramatic declines have persisted in all three patients at their latest follow-up at five or eight months after the last dose of VTP-300. For the first eight patients who received VTP-300 in combination with a single low-dose of nivolumab at the time of the booster dose, the mean reduction in HBsAg was over 1 log10 at six months, an effect that persisted. A robust T cell response against all encoded antigens was observed following VTP-300 administration. Enrollment in the HBV002 study is complete with 55 patients enrolled. An updated interim analysis for all patients at the six month follow-up timepoint is expected at the end of 2022. A trial to look at timing of low dose nivolumab and additional doses of the MVA boost component of VTP-300 is planned in multiple countries, with the first patient expected to be dosed in Q3.
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SFTBY | Hot Stocks06:03 EDT SoftBank Group International Michel Combes to step down, Alex Clavel to succeed - SoftBank Group Corp. announced that Alex Clavel, currently Managing Partner at SoftBank Group International, has been appointed as CEO of SBGI, effective June 30, 2022. Clavel will succeed Michel Combes, who has decided to leave SoftBank to pursue new opportunities. SBGI is responsible for all SoftBank Group Corp. activities outside of Japan, including across Europe, the U.S., Asia and Latin America. Masayoshi Son, Representative Director, Corporate Officer, Chairman & CEO of SoftBank Group Corp., said, "Building on more than two decades of experience in corporate development and investing, Alex has long been a trusted leader at SoftBank in multiple locations around the globe. I am confident that his experience - combined with the strong SoftBank team around him - will serve us well as we continue our journey as Vision Capitalists."
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GDST | Hot Stocks05:24 EDT Roxe to become public through Goldenstone Acquisition merger agreement - Goldenstone Acquisition announced that it has entered into a definitive merger agreement with Roxe, a blockchain-based payments company that is powering the next generation of payment solutions, that will result in Roxe becoming a publicly traded company on the Nasdaq Stock Market. The transaction is subject to approval by Goldenstone and Roxe stockholders and other closing conditions, including regulatory approvals. Roxe is on a mission to build a global trusted community that includes everyone: individuals, banks, central banks, non-bank financial institutions, businesses, and merchants. Its blockchain offers a multilateral payment channel that supports multiple assets including currency, gift cards, gaming coins, loyalty rewards, stocks, cryptocurrencies, and CBDC. To date, 44 global partners use Roxe's global payment community, including ECS Fin, Axletree Solutions, Nium, N2Xpress, Fairexpay, Rana Express, iPay, and Treviso. These partners enable their B2C and B2B customers to send and receive payments from 113 countries around the world. Under the terms of transaction, Roxe will merge with a wholly owned subsidiary of Goldenstone. In connection with the closing of the transaction, Goldenstone will be renamed as Roxe. The pro forma combined enterprise value at signing is approximately $3.6B, subject to adjustment based on a valuation being conducted by an independent investment bank. It is anticipated that Roxe stockholders will roll 100% of their equity into the combined company and certain stockholders will have the potential to receive an earnout for additional shares of equity if certain price targets are met as set forth in the merger agreement. The transaction is expected to close during Q1 of 2023 and remains subject to approval by Goldenstone's and Roxe's stockholders, the effectiveness of a registration statement to be filed with the Securities and Exchange Commission in connection with the transaction, and other customary closing conditions.
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AZN | Hot Stocks05:19 EDT AstraZeneca, Biocartis enter agreement on companion diagnostic test for Tagrisso - Biocartis announced that it has entered into an agreement with AstraZeneca aimed at the development and applicable pre-market notification or approval with the FDA of a novel companion diagnostic, or CDx, test on Biocartis' molecular rapid diagnostics Idylla platform, for use with Tagrisso, AstraZeneca's third-generation EGFR-TKI treatment. Under the terms of the agreement, Biocartis and AstraZeneca will co-lead the development and applicable pre-market notification or approval of the Idylla EGFR CDx Assay intended to aid in identifying patients with non-small cell lung cancer, or NSCLC, who may respond to treatment with Tagrisso. In addition to FFPE2 tissue, Biocartis will seek to validate the use of less invasive cytology samples such as fine needle aspirates for use with the Idylla EGFR CDx Assay, to expand patient access to testing. The new project expands the existing master collaboration agreement announced in January 2020 between Biocartis and AstraZeneca, aimed at boosting access to faster molecular diagnostic biomarker results with the rapid and easy-to-use Idylla EGFR testing products. The collaboration was supported by the large prospective lung cancer FACILITATE study, co-sponsored by AstraZeneca. This study concluded that Idylla EGFR testing may add value in a clinical setting to generate actionable EGFR mutation results for NSCLC patients faster than routinely used methods. In this respect, the newly signed agreement includes the investigational use of the Idylla EGFR CDx Assay to enroll patients in clinical trials at AstraZeneca.
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NAAS | Hot Stocks05:13 EDT NaaS Technology enters EV partnership with State Grid Changzhi Electric Power - NaaS Technology Inc. entered into a strategic partnership with State Grid Changzhi Electric Power Supply to build new electric vehicle, or EV, charging stations in a move to enhance the local charging services in Changzhi, Shanxi Province. Senior executives from both parties attended the ceremony, including Yu Xiang, VP of operations, NaaS, and Hao Xiangjun, Deputy General Manager of State Grid Changzhi Electric Power Supply Company. Under the agreement, State Grid Changzhi Electric Power Supply Company will provide construction sites and a stable power supply for new EV charging stations, while NaaS will build and operate the charging facilities, providing services including site selection, construction, and operation and maintenance, or O&M. The company will also provide charging pile operators with online and offline services including customer sourcing, marketing, O&M and facilities cleaning, alongside the provision of onsite food outlets as well as aftermarket and other value-added services - all as part of the city's overall plan to increase the utilization of charging piles and to build a charging services ecosystem.
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TDCX | Hot Stocks05:10 EDT TDCX announces collaboration with SeedBlink - SeedBlink announced a collaboration with TDCX with the aim of helping its portfolio companies accelerate their sales journey and deliver higher customer satisfaction. The collaboration with TDCX deepens the support that SeedBlink provides its portfolio companies in the post-investment phase. By tapping TDCX's CX expertise, startups can hope to scale their CX teams more quickly and achieve better performance. This in turn enables the startups to use the capital raised through SeedBlink more effectively.
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CZOO | Hot Stocks05:07 EDT Cazoo launches in Italy - Cazoo announced that it has launched in Italy, delivering better selection, value, transparency, convenience and peace of mind to Italian consumers when buying their next car.
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AMBA | Hot Stocks05:06 EDT Ambarella, Inceptio Technology partner on Level 3 automated driving - Ambarella and Inceptio Technology announced that Inceptio selected two each of Ambarella's CV2FS and CV2AQ edge AI systems on chip, or SoCs, a total of four CVflow SoCs, for its automotive-grade central computing platform. This platform is at the core of Inceptio's full-stack Xuanyuan autonomous driving system for trucks, where Ambarella's SoCs provide high-performance and low-power processing simultaneously for seven 8MP cameras, including AI compute, for surround camera perception and front ADAS safety features like collision avoidance.
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