Stockwinners Market Radar for July 20, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

KTOS

Hot Stocks

20:05 EDT Cathie Wood's ARK Investment bought 50.9K shares of Kratos Defense today
HLBZ

Hot Stocks

20:03 EDT Helbiz CEO buys $204K in common stock - In a regulatory filing, Helbiz disclosed that its CEO Salvatore Palella bought 327K shares of common stock in a total transaction size of $204K.
SCHW

Hot Stocks

19:26 EDT Charles Schwab chairman sells 120K shares of common stock - In a regulatory filing, Charles Schwab disclosed that its chairman Charles Schwab sold 120K shares of common stock in a total transaction size of $7.52M.
GME...

Hot Stocks

18:57 EDT 'Minecraft' developer says NFTs, blockchain tech not allowed in the game - Mojang, the Microsoft-owned (MSFT) studio behind the "Minecraft" series of games, released a blog post sharing its view that integrations of non-fungible tokens, or NFTs, with "Minecraft" are "generally not something we will support or allow." "To ensure that Minecraft players have a safe and inclusive experience, blockchain technologies are not permitted to be integrated inside our client and server applications, nor may Minecraft in-game content such as worlds, skins, persona items, or other mods, be utilized by blockchain technology to create a scarce digital asset," the company said. "As such, to ensure that Minecraft players have a safe and inclusive experience, blockchain technologies are not permitted to be integrated inside our Minecraft client and server applications nor may they be utilized to create NFTs associated with any in-game content, including worlds, skins, persona items, or other mods," the developer continued. "We will also be paying close attention to how blockchain technology evolves over time to ensure that the above principles are withheld and determine whether it will allow for more secure experiences or other practical and inclusive applications in gaming. However, we have no plans of implementing blockchain technology into Minecraft right now." The news comes as game companies such as GameStop (GME), Epic Games, Ubisoft (UBSFY), and Square Enix (SQNXF) have announced forays into or explorations of NFTs. Investors in Epic include Tencent (TCEHY), KKR (KKR), Disney (DIS), and Sony (SONY). Reference Link
SAFE

Hot Stocks

18:42 EDT Safehold closes transaction with Avanti Residential and $62.5M ground lease - Safehold "has closed on a $62.5 million ground lease to facilitate the acquisition of Soleste Grand Central, a 360-unit multifamily asset in Miami, Florida. The property was completed in 2021 and acquired by Avanti Residential."
RF

Hot Stocks

18:40 EDT Regions Financial raises quarterly dividend to 20c from 17c per share - The dividend is payable on Oct. 3, 2022 to stockholders of record at the close of business on Sept. 2, 2022.
PNBK

Hot Stocks

18:33 EDT Patriot National announces termination of merger with American Challenger - Patriot National "announced the termination of the Merger Agreement, dated November 14, 2021, between Patriot and American Challenger Development Corp. as amended. The parties have mutually determined that not all closing conditions of the Merger Agreement can be satisfied under the current structure and agreement. Although the parties remain in active discussions regarding a modified transaction, it is uncertain whether a new agreement can be reached. Accordingly, it was by mutual agreement of the companies and was unanimously approved by the Boards of Directors of each company to terminate the existing Merger Agreement. Pursuant to the parties' mutual termination and release agreement, the parties have agreed to release each other from any claims relating to or arising out of the Merger Agreement or the transactions contemplated thereby."
ON

Hot Stocks

18:25 EDT ON Semiconductor CEO sells $1.1M in common stock - In a regulatory filing, ON Semiconductor disclosed that its CEO Hassane El-Khoury sold 20K shares of common stock in a total transaction size of $1.1M.
BILL

Hot Stocks

18:23 EDT Bill.com CFO sells $3.8M in common stock - In a regulatory filing, Bill.com disclosed that its CFO John Rettig sold 60K shares of common stock in a total transaction size of $3.8M.
RBLX

Hot Stocks

18:00 EDT Roblox rolls out advancements to material system, enhancing visual quality - Josh Anon, Roblox Product Director blogged earlier: "Today, we're excited to announce that we've officially rolled out a number of advancements to our material system, moving them out of beta and into the hands of our broader community. With this release, we've enhanced the visual quality of our entire existing library of materials, which includes brick, glass, metal, and many other common materials, to make them look and feel even more realistic than before. These material upgrades will be the default option for all new experiences moving forward. Creators can upgrade their existing experiences as they see fit (read our documentation here to learn how), and our classic materials remain available if developers wish to continue using them. In addition, creators now have access to a new, user-friendly Material Manager tool in Roblox Studio allowing them to make custom variations of our base materials to better suit their aesthetic vision. Now, before we dive any deeper into the details, let's first take a step back and understand what materials are and what makes those on Roblox so unique." Reference Link
ALL

Hot Stocks

17:55 EDT Allstate estimates June catastrophe losses $281M after-tax - Allstate announced estimated catastrophe losses for the month of June totaled $356M or $281M, after-tax. June catastrophe losses included 10 events, primarily wind and hail in the Midwest, estimated at $315M, plus unfavorable reserve reestimates for prior period events. Catastrophe losses for the second quarter totaled $1.11B, pre-tax. Inflationary trends continue to adversely impact current and prior report year claim severity and loss reserve estimates. As a result, unfavorable non-catastrophe prior year reserve reestimates totaled $408M in the second quarter. This included $275M related to personal auto insurance, primarily from physical damage and bodily injury coverages. In addition, $91M of additional reserves were recorded for commercial auto insurance, primarily from shared economy business written in states where coverage has been terminated.
TSLA...

Hot Stocks

17:47 EDT Tesla CEO says bitcoin conversion intended to 'maximize cash position' - CEO Elon Musk clarifies: "It should be mentioned that the reason we sold a bunch of our Bitcoin holdings was that we were uncertain as to when the COVID lockdowns in China would alleviate. So it was important for us to maximize our cash position, given the uncertainty of the COVID lockdowns in China. We are certainly open to increasing our Bitcoin holdings in future, so this should not be taken as some verdict on Bitcoin. It's just that we were concerned about overall liquidity for the company, given COVID shutdowns in China." Comments taken from Q2 earnings conference call.
TSLA

Hot Stocks

17:46 EDT Tesla CFO says sold majority of bitcoin holdings due to China COVID concerns - Says: "On GAAP automotive gross margin, it declined sequentially to 27.9%. The temporary decline in Shanghai production volume meaningfully impacted margin, including idle capacity and factory restart costs and also had implications on the mix of regional deliveries."
TSLA

Hot Stocks

17:41 EDT Tesla says still expecting to be production with Cybertruck in middle of 2023
TSLA

Hot Stocks

17:38 EDT Tesla CEO says reached milestone of 1,000 cars a week in June - CEO Elon Musk says: "We achieved an important milestone of 1,000 cars a week in June. And we're expecting our Giga Texas to exceed the 1,000-vehicle per week milestone and hopefully in the next few months." Comments taken from Q2 earnings conference call.
DFS

Hot Stocks

17:32 EDT Discover reports Q2 credit card net charge-off rate 2.01% - In Q2: The total net charge-off rate of 1.80% was 32 basis points lower versus the prior year period reflecting strong credit performance across the portfolio. The credit card net charge-off rate was 2.01%, down 44 basis points from the prior year period and up 17 basis points from the prior quarter. The 30+ day delinquency rate for credit card loans was 1.76%, up 33 basis points year-over-year.
MDLZ

Hot Stocks

17:32 EDT Mondelez expands voluntary recall of select bakery products - Mondelez's Enjoy Life Natural Brands LLC "announced, out of an abundance of caution, an expansion of its June 30th voluntary recall, to add one product and add additional Best By dates for four products to the list of recalled products. This recall is due to the potential presence of hard plastic pieces in the products. This voluntary recall is not related to an allergen and no other Enjoy Life products are affected by this voluntary recall. The company became aware of the additional items as a result of its internal investigation."
DFS

Hot Stocks

17:30 EDT Discover reports Q2 total net charge-off rate 1.80% vs. 2.12% a year ago
CSX

Hot Stocks

17:23 EDT CSX jumps 3.9% to $3.90 after Q2 earnings beat
CBU

Hot Stocks

17:15 EDT Community Bank System raises quarterly dividend by 2.3% to 44c per share - The dividend will be payable on October 10, 2022 to shareholders of record as of September 15, 2022.
CCL

Hot Stocks

17:08 EDT Carnival falls 8% in after market trading after announcing $1B stock offering - Shares in Carnival are falling 8% or 76c to $8.90 per share in after hours trading on Wednesday following an announcement that the company will sell $1B in a common stock offering. The Company expects to use the net proceeds from the offering for general corporate purposes, which could include addressing 2023 debt maturities.
BLFY

Hot Stocks

17:05 EDT Blue Foundry Bancorp announces share repurchase program - Blue Foundry Bancorp announced that it has adopted a program to repurchase up to 2,852,250 shares of its common stock, which is approximately 10% of its outstanding common stock. This is the company's first stock repurchase program since completing its mutual-to-stock conversion and related stock offering in July 2021.
ASH

Hot Stocks

17:02 EDT Ashland Global changes name to Ashland Inc. - Ashland Global Holdings announced plans to change its legal name from "Ashland Global Holdings Inc." to "Ashland Inc." effective as of August 1, 2022, subject to satisfying all applicable legal requirements. The name change will be the final step of an internal reorganization to simplify the company's legal entity structure, which will see Ashland LLC merging into its direct parent Ashland Chemco Inc., which will immediately thereafter merge directly with and into the company. The company's shares of common stock will continue to be listed on the New York Stock Exchange under the NYSE ticker symbol "ASH" and its Committee on Uniform Securities Identification Procedures number will not be changing. No action is needed from stockholders.
FOUR

Hot Stocks

17:01 EDT Shift4 Payments names Samantha Weeks chief transformation officer - Shift4 announced the appointment of Samantha Weeks, PhD, to the position of Chief Transformation Officer. Weeks previously served as the company's Vice President of Transformation. "Samantha has already proven to be a great asset to Shift4 and we couldn't be more excited to welcome her into this expanded role," said Jared Isaacman, CEO. "Prior to her time at Shift4 I had the privilege of working with her in her capacity as the Air Force's Adversary Tactics Group Commander during my time building Draken International and couldn't think of a more qualified leader to help drive our never-ending pursuit of excellence at Shift4."
UAL

Hot Stocks

16:51 EDT United Airlines drops 6% to $38.96 after Q2 results miss estimates
META

Hot Stocks

16:51 EDT Facebook Gaming introduces new 'Clips to Reels' feature for gamers - Facebook Gaming said in an earlier blog post: "Short form video has been increasing in popularity as an important way for creators to communicate with and grow their audience. One of the best ways to attract new viewers across Facebook is with Reels and now, creating 60-second Reels from existing Facebook Gaming content is about to get a whole lot easier. In June, we announced Clips to Reels, a new feature for gaming video creators on Facebook to convert live gameplay clips into Reels, was starting to roll out. Now, we're excited to share it is available to all partners and Level Up Creators. With these editing tools we're empowering creators with easy-to-use tools to let them transform existing live video clips into Reels. Creators can now easily cut clips of their favorite gameplay moments down to a vertical-friendly, 60-second format, with dual views for both gameplay and creator cam. The new Clips to Reels feature will allow creators to format and share highlights from Clips and VODs from within their Creator Studio Clips Library with a streamlined process." Reference Link
ATAX

Hot Stocks

16:40 EDT America First Multifamily Investors sells Texas property for $10.6M gain - America First Multifamily Investors announced that Vantage at Westover Hills, a 288-unit market rate multifamily property located in San Antonio, Texas, was sold at the direction of the managing member of Vantage at O'Connor. The partnership's investment in the property was originated in October 2019 and the partnership contributed equity totaling $7.4M during construction. As a result of the sale, the partnership's equity investment in the Property Owner was redeemed. At closing of the sale, the partnership received net cash of approximately $19.4M, inclusive of the return of its contributed equity. The partnership will recognize the following in the third quarter of 2022: gain on sale of approximately $10.6M, before settlement of final proceeds and expenses; net income of approximately 48c, based on the number of BUCs outstanding on the date of sale, and cash available for distribution of approximately 48c, based on the number of BUCs outstanding on the date of sale.
UAL

Hot Stocks

16:36 EDT United Airlines reports Q2 capacity down 15% vs. Q2 of 2019 - Reported Q2 TRASM of up 24% vs. Q2 of 2019, Cost Per Available Seat Mile up 32%, and CASM-ex of up 17% vs. Q2 of 2019.
HR HTA

Hot Stocks

16:34 EDT Healthcare Realty Trust, Healthcare Trust announce closing of merger agreement - Healthcare Realty Trust Incorporated (HR) and Healthcare Trust of America (HTA) announced the closing of their previously announced merger. The combined company will continue to operate with the Healthcare Realty name and trade on the NYSE under the ticker symbol HR. Citigroup Global Markets Inc. is serving as lead financial advisor, Scotiabank is serving as financial advisor, and Hunton Andrews Kurth LLP and Waller Lansden Dortch & Davis, LLP are acting as legal advisors to Healthcare Realty. In addition, BlackBirch Capital is acting as financial advisor to Healthcare Realty on the previously announced asset sales and joint venture transactions. J.P. Morgan Securities LLC is acting as exclusive financial advisor and McDermott Will & Emery LLP is acting as legal advisor to Healthcare Trust of America.
STLD

Hot Stocks

16:32 EDT Steel Dynamics says 'Customer order entry activity continues to be healthy' - "Customer order entry activity continues to be healthy across all of our businesses, conflicting with the more pessimistic emotion in the marketplace," said CEO Millett. "Despite softening flat roll steel pricing, our steel order activity remains solid from the automotive, construction, and industrial sectors, with energy continuing to improve. Our steel fabrication operations order backlog remains at near-record volumes and forward pricing levels. This combined with continued healthy order activity and broad customer optimism, supports strong overall demand dynamics for the construction industry. "Operations continue to ramp up at our Sinton Flat Roll Steel Mill, and the team has already achieved run rates of 80 percent through the hot side. However, they have been challenged with unexpected power and equipment issues that have impacted their operating time in July. The team expects to realize meaningful improvement for the remainder of the year. We are investing approximately $500 million to build four additional value-added flat roll steel coating lines comprised of two paint lines and two galvanizing lines with Galvalume(R) coating capability, a set of which will be located onsite at our new Texas steel mill, providing Sinton with the same diversification and higher-margin product capabilities as our two existing flat roll steel divisions. The other two lines will be placed at our Heartland Flat Roll Division located in Terre Haute, Indiana to support growing coated flat roll steel demand in the region and to further increase the diversification and cash generation capacity of our existing Midwest operations. Based on current plans, we believe these four lines will begin operating in the second half of 2023. "We are excited about our recent partnership with Aymium," said Millett. "We believe this strategic joint venture will cost-effectively reduce our greenhouse gas emissions, which are already materially lower than our global steel competitors. We also believe Aymium's process can provide a renewable carbon alternative to fossil fuel for Iron Dynamics, our proprietary ironmaking operations. We have successfully trialed Aymium's biocarbon product in our steel operations, and conservatively estimate this first facility will reduce our Scope 1 steelmaking greenhouse gas emission intensity between 20 and 25 percent, with potential upside through the use of the facility's biogas. Our commitment to all aspects of sustainability is embedded in our founding principles. This investment represents a significant step forward on our path to carbon neutrality, and our continued commitment to reduce our environmental footprint." "We believe there are strong drivers for our continued growth and remain in a position of strength. Our recently announced planned investment in a new state-of-the-art low-carbon aluminum flat rolled mill continues our strategic growth, is aligned with our core steelmaking and recycling platforms, benefits many of our existing customers, and provides for future value creation. Our customers and our people are incredibly excited for this growth opportunity. Our commitment is to the health and safety of our teams, families, and communities, while meeting the growing needs of our customers. Our culture and business model continue to positively differentiate our performance from the industry. We are well-positioned for sustainable long-term growth and value creation," concluded Millett.
PXD

Hot Stocks

16:32 EDT Pioneer Natural adds Jacinto Hernandez to board of directors - Pioneer Natural Resources Company announced the addition of Jacinto Hernandez to the company's Board of Directors. Hernandez brings over twenty-two years of experience at Capital Group. Pioneer's Chief Executive Officer Scott D. Sheffield stated, "We are excited for Jacinto to join our Board of Directors. He has immense experience in financial markets, investment management and the energy sector and will help Pioneer navigate and excel as the energy landscape continues to evolve. His deep understanding of the sector, viewed through the lens of an experienced investor, will no doubt serve as a unique and long-lasting benefit to Pioneer."
GEOS

Hot Stocks

16:30 EDT Geospace secures long-term ocean bottom node rental contract - Geospace Technologies announced an extended duration rental contract with SAExploration, an international marine geophysical services provider who will rent OBX-750E seabed ocean bottom wireless seismic data acquisition nodes. Based on current contract terms, the value of the agreement is estimated at $12M. "Following our recent good news of a separate $4M OBX rental contract, we're pleased to announce this sizeable, long-term contract with another trusted customer," said Walter R. Wheeler, President and CEO, Geospace Technologies. "We're realizing the benefit of our earlier investments to build and maintain a sizable fleet of seabed seismic nodes. Combined with our recently announced OBX rentals, the minimum value from OBX product rental contracts executed during the fiscal year exceed $25M. Additionally, our shallow water units are nearly at pre-pandemic utilization levels. Sales and rentals of our OBX product line have been a reliable revenue workhorse for the company and we are encouraged by the current resurgence."
EQT

Hot Stocks

16:20 EDT EQT Corporation raises quarterly dividend 20% to 15c per share - Payable on September 1 to shareholders of record at the close of business on August 9.
TSLA

Hot Stocks

16:20 EDT Tesla up 2% to $758.76 in after-hours trading following earnings beat - Shares of Tesla are up $16.26, or 2%, to $758.76 in after-hours trading.
LSTR

Hot Stocks

16:20 EDT Landstar System increases quarterly dividend by 5c to 30c per share - Landstar announced that its board of directors has declared a quarterly dividend of 30c per share payable on August 26 to stockholders of record as of the close of business on August 8. This quarterly dividend includes a 5c per share increase, or 20%, over the amount of the company's regular quarterly dividend declared following each of the prior four quarters. The 5c per share increase is the largest increase in the company's regularly scheduled quarterly dividend in the company's history. It is currently the intention of the board to pay dividends on a quarterly basis going forward.
SWK

Hot Stocks

16:19 EDT Stanley Black & Decker raises quarterly dividend to 80 from 79c per share - The dividend is payable on Tuesday, September 20 to shareholders of record as of the close of business on Tuesday, September 6.
VCYT

Hot Stocks

16:18 EDT Veracyte announces clinical validation data in Thyroid - Veracyte "announced that new clinical validation data published online in Thyroid show that the company's RNA sequencing-based Afirma Medullary Thyroid Cancer Classifier demonstrated high sensitivity and specificity in identifying MTC among pre-operative thyroid nodule fine needle aspiration biopsy samples. The findings suggest that the genomic test may enable more timely diagnosis of this rare but aggressive form of thyroid cancer, compared to traditional methods, thus potentially expediting time to appropriate treatment. The Afirma MTC Classifier is included as part of the Afirma testing offering on all orders for patients with thyroid nodules that are deemed indeterminate or suspicious for cancer based on cytopathology evaluation."
TSLA

Hot Stocks

16:17 EDT Tesla says converted about 75% of Bitcoin purchases into fiat as of end of Q2 - Tesla said in its quarterly letter: "Quarter-end cash, cash equivalents and short-term marketable securities increased sequentially by $902M to $18.9B in Q2, driven mainly by free cash flow of $621M, partially offset by debt repayments of $402M. As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency. Conversions in Q2 added $936M of cash to our balance sheet."
BAC

Hot Stocks

16:17 EDT Bank of America raises quarterly cash dividend to 22c from 21c per share - The dividend is payable on September 30 to shareholders of record as of September 2.
AC

Hot Stocks

16:17 EDT Associated Capital reports preliminary Q2 book value of $40.20-$40.40 per share - Associated Capital Group announced a range of its second quarter preliminary book value of $40.20 to $40.40 per share. This compares to $41.72 at March 31, 2022, $42.48 per share at December 31, 2021 and $42.21 at June 30, 2021. Assets under management were $1.80B at June 30, 2022 as compared to $1.61B at June 30, 2021. Associated Capital will be issuing further details on its financial results in early August.
FMNB EMCF

Hot Stocks

16:16 EDT Emclaire Financial receives shareholder approval for Farmers National deal - Farmers National Banc Corp. (FMNB), the holding company for The Farmers National Bank of Canfield, and Emclaire Financial Corp. (EMCF), the holding company for The Farmers National Bank of Emlenton, announced that the shareholders of Emclaire have voted to approve the Agreement and Plan of Merger, dated March 23, 2022, providing for the merger of Emclaire with and into FMNB Merger Subsidiary V, LLC, a newly-formed, wholly-owned subsidiary of Farmers, with more than 98% of the votes being cast in favor of approving the Merger Agreement. "I would like to thank the Emclaire shareholders for their approval of this merger. We believe this demonstrates shareholder confidence in the financial and strategic benefits of the transaction. The combination of our two companies will drive value for stakeholders, while continuing to celebrate and execute our community banking model," stated Kevin J. Helmick, President & CEO of Farmers National Bank.
HLVX

Hot Stocks

16:16 EDT HilleVax announces results of 5 year immunogenicity follow-up trial of HIL-214 - HilleVax announced results from NOR-213, a Phase 2 long-term immunogenicity follow-up clinical trial of adults and older adults who previously received HIL-214, the company's investigational virus-like particle based vaccine for the prevention of moderate-to-severe acute gastroenteritis caused by norovirus infection.NOR-213 included 528 adult and older adult subjects that were enrolled following participation in prior clinical studies of HIL-214, including NOR-107, NOR-204, and NOR-210. The subjects received either one or two doses of HIL-214 with or without the adjuvant monophosphoryl lipid A .Among all dose regimens of HIL-214, GI.1-specific and GII.4-specific HBGA-blocking and pan-Ig responses to vaccination persisted to year 5 of the study and, at year 5, results were similar to those previously reported at year 3. These results further support a single dose of HIL-214 without MPL as the intended regimen for future development in adults and older adults. No adverse events were deemed related to HIL-214, and no new safety risks were identified during the study.The company anticipates presenting detailed data from the NOR-213 clinical trial at a future medical meeting. "We believe the data from this 5-year clinical study are very encouraging for the long-term immunogenicity and safety profile of HIL-214," said Astrid Borkowski, MD, PhD, Chief Medical Officer of HilleVax. "We look forward to the continued development of HIL-214 across the age spectrum, including our ongoing Phase 2b study in infants and future clinical studies in adults and older adults."
ABUS ASMB

Hot Stocks

16:15 EDT Arbutus Biopharma plans to continue dosing in triple combination clinical trial - Arbutus Biopharma (ABUS) announced that while its partner, Assembly Biosciences (ASMB), has decided to discontinue development of its investigational hepatitis B virus core inhibitor candidate vebicorvir, or VBR, it plans, in consultation with Assembly Biosciences, to continue dosing patients in the Phase 2a triple combination clinical trial evaluating its proprietary RNAi therapeutic, AB-729, VBR and nucleos(t)ide analogue, or NA, therapy for the treatment of patients with chronic HBV infection. Preliminary data from the trial are expected in the second half of 2022. William Collier, president and CEO of Arbutus, commented, "While we respect Assembly's decision to discontinue clinical development of VBR, we believe that it is premature to make any conclusions about any results in this triple combination clinical trial. We intend, in collaboration with Assembly, to continue the clinical trial in order to fully and accurately assess the results. The results from this trial coupled with the additional data we anticipate collecting from our capsid inhibitor program will help inform our go-forward combination strategy in the development of cHBV treatments."
AA

Hot Stocks

16:12 EDT Alcoa authorizes additional $500M in share repurchases - "As we progress into the remainder of this volatile year, we remain focused on our strategic priorities and our vision to reinvent the aluminum industry for a sustainable future," CEO Roy Harvey said.
AA

Hot Stocks

16:11 EDT Alcoa backs 2022 Aluminum segment shipments forecast - The Company expects total Aluminum segment shipments to remain unchanged from the prior forecast, ranging between 2.5 and 2.6 million metric tons in 2022. In Alumina, the Company has decreased its 2022 projection for shipments to range between 13.6 and 13.8 million metric tons, a reduction of 0.6 million metric tons from the prior forecast primarily due to the lower shipments in the first half of 2022. In Bauxite, the Company has decreased its 2022 projection for annual bauxite shipments to range between 44.0 and 45.0 million dry metric tons, a change of 2 million dry metric tons from the prior projection due to continuing disruptions in the Atlantic bauxite market and lower demand from refineries in the first half of 2022. For the third quarter of 2022, Alcoa expects higher sequential profitability in the Bauxite segment with increased shipments, as refinery demand improves in the third quarter. In Alumina and Aluminum, shipments are expected to increase but will not fully offset higher costs for energy and raw materials. The Company anticipates an approximately $20 million negative impact to net income in the third quarter as a result of the Warrick line curtailment. The decrease in production volume at the San Ciprian refinery reduces the impact of the continuing rise in natural gas prices but is not expected to improve net income significantly on a sequential basis. Based on current alumina and aluminum market conditions, the Company expects third quarter tax expense to approximate $100 million to $110 million, which may vary with market conditions and jurisdictional profitability.
ASMB

Hot Stocks

16:10 EDT Assembly Biosciences CMO Michele Anderson, CFO Michael Samar to depart - Luisa Stamm, the current Assembly Bio chief medical officer, will leave the company at the end of this month. Michele Anderson, SVP of development operations at Assembly Bio, has been appointed as chief development officer effective August 1 and will assume responsibility for the company's development organization. Additionally, Michael Samar, currently the CFO, will leave the organization effective August 12. Jason Okazaki, Assembly Bio's current chief operating officer, will oversee all general and administrative functions, including finance. Due to these increased departmental responsibilities, Okazaki has been appointed as president and chief operating officer effective August 1. John McHutchison will continue as chief executive officer at Assembly Bio. The reprioritization and restructuring activities are expected to extend Assembly Bio's estimated cash runway into the first half of 2024 after incurring a one-time charge for severance and other reorganization costs.
KMI

Hot Stocks

16:09 EDT Kinder Morgan sees FY22 net income $2.5B, DCF $4.7B - For 2022, KMI budgeted to generate net income attributable to KMI of $2.5 billion and declare dividends of $1.11 per share, a 3% increase from the 2021 declared dividends. The company also budgeted to generate 2022 DCF of $4.7 billion and Adjusted EBITDA of $7.2 billion and to end 2022 with a Net Debt-to-Adjusted EBITDA ratio of 4.3 times. KMI now expects net income attributable to KMI, Adjusted EBITDA and DCF to be favorable to budget by approximately 5%, due to stronger than expected commodity prices and favorable operating results from our Natural Gas Pipelines and CO2 business segments, partially offset by higher costs.
TSLA

Hot Stocks

16:09 EDT Tesla sees sufficient liquidity to fund product roadmap - Tesla said in its quarterly update letter: "We plan to grow our manufacturing capacity as quickly as possible. Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries. The rate of growth will depend on our equipment capacity, factory uptime, operational efficiency and the capacity and stability of the supply chain. We have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses. While we continue to execute on innovations to reduce the cost of manufacturing and operations, over time, we expect our hardware-related profits to be accompanied with an acceleration of software-related profits. The pace of production ramps in Austin and Berlin-Brandenburg will be influenced by the successful introduction of many new product and manufacturing technologies in new locations and ongoing supply chain related challenges. Factory ramps take time, and Gigafactory Austin and Gigafactory Berlin-Brandenburg will be no different. We are making progress on the industrialization of Cybertruck, which is currently planned for Austin production subsequent to Model Y ramp."
PDFS

Hot Stocks

16:09 EDT PDF Solutions collaborating with SAP SE to connect factory data - PDF Solutions announced it is collaborating with SAP SE to connect factory data, including data collected and managed by its Exensio analytics platform, to the enterprise resource planning data in SAP S/4HANA to enable greater efficiencies in semiconductor manufacturing. This connection of the "top floor" to the "shop floor" will be accomplished through PDF Solutions' new Sapience Manufacturing Hub. The intended outcome of this collaboration is greater financial insights based on the analysis of manufacturing data, resulting in more accurate profitability analysis, increased revenue, and reduced costs. "Our customers are seeking more ways to leverage their process and product data as part of their Industry 4.0 initiatives," said Kimon Michaels, Executive Vice President, Products and Solutions at PDF Solutions. "Collaborating with SAP was a logical next step for us because of the complementary synergies across our organizations. The Sapience Manufacturing Hub is designed to provide businesses that use SAP solutions with direct access to new sources of data that can be correlated with existing ERP data, providing unique insights to help our mutual customers achieve sustained profitability in semiconductor manufacturing."
ASMB

Hot Stocks

16:09 EDT Assembly Biosciences to discontinue vebicorvir development, reduce workforce - Assembly Biosciences announced that it is discontinuing further development of its first-generation core inhibitor, vebicorvir, or VBR, as it prioritizes clinical development of its next-generation core inhibitors, ABI-H3733 and ABI-4334, and advances its research pipeline. Assembly Bio will restructure the organization and reduce its workforce to align with these strategic goals. Assembly Biosciences will discontinue clinical development of its first-generation investigational core inhibitor, VBR, based on review of interim on-treatment efficacy from the two ongoing VBR triple combination studies. The data indicate that the triple combinations do not show a benefit in multiple key viral parameters compared to the dual combinations without VBR in either study. As a result of these data, Study 203, an open-label, Phase 2 study evaluating the triple combination of VBR + nucleos(t)ide analogue reverse transcriptase inhibitors+ interferon versus the dual combinations of VBR + NrtI and NrtI + PEG-IFNalpha, will conclude immediately. No additional clinical studies of VBR are currently planned. Assembly Bio will align the organization to reflect its refocused pipeline. The company workforce will be reduced by approximately 30%, to approximately 70 full-time employees, to support clinical development of 3733 and 4334 and the company's novel research pipeline, and to optimize manufacturing of all candidates.
TSLA

Hot Stocks

16:07 EDT Tesla says focused on 'record-breaking second half of 2022' - Tesla said in its quarterly update letter: "With each of the Fremont and Shanghai factories achieving their highest-ever production months and new factory growth, we are focused on a record-breaking second half of 2022... Our Fremont Factory made a record number of vehicles in Q2. We see opportunities for further production rate improvements. In Texas, we have added flexibility to produce vehicles with either a structural battery pack or legacy battery pack. The next generation of 4680 battery cell machinery has been installed in Texas and is in the process of commissioning. Factory output in Texas continues to grow... While the Shanghai factory was shut down fully and then partially for the majority of Q2, we ended the quarter with a record monthly production level. Recent equipment upgrades will enable us to continue to increase our production rate further... Thanks to strong production rate improvement towards the end of Q2, our team in Germany produced more than 1,000 Model Y vehicles in a single week, using 2170 cells. We expect the production rate to continue improving through the rest of the year."
KMI

Hot Stocks

16:07 EDT Kinder Morgan approves cash dividend of 27.75c per share for Q2 - Kinder Morgan's board of directors today approved a cash dividend of 27.75c per share for the second quarter, payable on August 15, 2022, to stockholders of record as of the close of business on August 1, 2022. This dividend is a 3% increase over the second quarter of 2021.
LVS

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16:07 EDT Las Vegas Sands CEO 'confident in the recovery of travel and tourism' - "While pandemic-related restrictions continued to impact our financial results this quarter, we were pleased to see the recovery in Singapore accelerate during the quarter, with Marina Bay Sands delivering $319 million in adjusted property EBITDA. We remain enthusiastic about the opportunity to welcome more guests back to our properties as greater volumes of visitors are eventually able to travel to both Singapore and Macao," said Robert Goldstein, chairman and CEO. "We also remain steadfast in our commitment to supporting our team members and to helping those in need in each of our local communities as they recover from the impact of the pandemic." "We remain confident in the recovery of travel and tourism spending across our markets. Demand for our offerings from customers who have been able to visit remains robust, while pandemic-related travel restrictions continue to limit visitation and hinder our current financial performance." "Our industry-leading investments in our team members, our communities, and our Integrated Resort property portfolio position us exceedingly well to deliver future growth as travel restrictions subside and the recovery comes to fruition. We are fortunate that our financial strength supports our investment and capital expenditure programs in both Macao and Singapore, as well as our pursuit of growth opportunities in new markets."
F

Hot Stocks

16:07 EDT Ford to share update on Ford+ plan Thursday - Ford Motor Company on Thursday will share an update on the Ford+ plan to "lead the electric vehicle revolution." Ford will host a conference call for members of the media and investment community at 8 a.m. ET. Key Ford executives will provide details on how the company is building out its industrial system to reach a global production run rate of 600,000 EVs, growing to more than 2 million EV annual global run rate by 2026. A Q&A session will follow the presentation.
VRTX VERV

Hot Stocks

16:06 EDT Vertex Pharmaceuticals, Verve Therapeutics enter exclusive research pact - Vertex Pharmaceuticals (VRTX) and Verve Therapeutics (VERV) announced an exclusive, four-year global research collaboration focused on discovering and developing an in vivo gene editing program for a single undisclosed liver disease. Under the terms of the collaboration, Verve will advance the discovery, research and certain preclinical development of a novel in vivo gene editing program for the target of interest, with all program costs funded by Vertex. Vertex will be responsible for subsequent development, manufacturing and commercialization of any program stemming from Verve's research efforts. Under the terms of the agreement, Verve will receive an upfront payment of $60M, including a $35M equity investment in Verve. Verve is also eligible to receive up to $66M in success payments, up to $340M in development and commercial milestones, and tiered royalties on future net sales for any products that may result from this collaboration agreement.
XCUR

Hot Stocks

16:02 EDT Exicure regains compliance with Nasdaq minimum bid price requirement - Exicure "announced that on July 19, 2022, it received a letter from the Office of General Counsel of The Nasdaq Stock Market LLC informing it that Nasdaq has confirmed that the Company has regained compliance with the $1.00 per share minimum bid price requirement pursuant to Nasdaq Listing Rule 5450(a)(1) and that the Company is in compliance with all applicable listing standards."
ALRS

Hot Stocks

16:01 EDT Alerus Financial chief shared services officer Ann McConn to retire - Alerus Financial Corporation Officer Ann McConn will retire on January 6, 2023. She will transition her responsibilities to Missy Keney as Chief Engagement Officer and Executive Vice President, and Jon Hendry as Chief Technology Officer and Executive Vice President. Keney, a 17-year Alerus employee, will lead the Company's employee and client engagement strategies, in addition to marketing and branding efforts focused on driving growth and long-term value creation for shareholders. She will also lead talent management and total rewards, connecting the Company's mission and vision with both the employee and client experience while building Alerus' brand across the Company's geographical footprint and its National Market. Ms. Keney, who previously served as the Director of Marketing and Client Experience, has been a member of the Company's leadership team since 2017. Hendry, a 38-year Alerus employee and member of the Alerus Financial, N.A. Board of Directors since 2008, will continue to oversee the Company's technology infrastructure and initiatives. Mr. Hendry, who has served in numerous roles since joining the Company in 1984, will provide extensive experience and continued leadership over the Company's digital transformation while aligning technology investments with the Company's growth initiatives.
NEWR

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15:12 EDT New Relic trading resumes
NEWR

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15:07 EDT New Relic trading halted, volatility trading pause
MAT

Hot Stocks

15:02 EDT Mattel announces multi-year agreement to produce SpaceX toys and collectibles - Mattel announced that it has entered into a multi-year agreement with SpaceX to create and market toys and collectibles. "In 2023, Mattel will begin releasing SpaceX-inspired toys under its iconic Matchbox brand. Simultaneously, astro-inspired collectibles will start to debut on Mattel Creations, Mattel's collaboration and direct-to-consumer platform," Mattel stated. Nick Karamanos, SVP Entertainment Partnerships at Mattel, added, "As space exploration advances more quickly than ever before, we are thrilled to work with SpaceX and help spark limitless play patterns for the space explorer in every kid."
BWV

Hot Stocks

14:03 EDT Blue Water announces sponsored research agreement with Cincinnati Children's - Blue Water Vaccines announced that the company has entered into a Sponsored Research Agreement, or "SRA," with Cincinnati Children's Hospital Medical Center to explore vaccine development of its norovirus shell and protrusion platform for multiple diseases. "In July 2021, the company entered an exclusive, global licensing agreement with Cincinnati Children's to develop vaccines for multiple diseases using the medical center's virus-like particle vaccine platform. Currently, the platform is being utilized to develop BWV-301 for gastroenteritis caused by norovirus or rotavirus. Through the SRA, BWV will further fund research into this platform's versatility across other diseases, including influenza and Alzheimer's disease. In a recent publication in Nano Research, titled 'Bioengineered psuedovirus nanoparticles displaying the HA1 antigens of influenza viruses for enhanced immunogenicity,' Cincinnati Children's researchers hypothesized that this platform might represent a method to create novel influenza vaccines. The SRA initiates the integration of the epitopes of limited variability identified at The University of Oxford into this S&P platform for vaccine development. In addition, the SRA funds Cincinnati Children's research analyzing the applicability of this platform to develop a vaccine for Alzheimer's disease. Preliminary research indicates the potential to develop a vaccine to target and inactivate amyloid-beta, which can accumulate and form plaques commonly associated with Alzheimer's disease," the company stated.
DASH

Hot Stocks

13:55 EDT DoorDash to roll out new safety features for alcohol delivery in U.S. - DoorDash announced it is rolling out new safety features for alcohol delivery in the United States...The company added, in an earlier blog posting: "Since expanding alcohol delivery last year, DoorDash has seen tremendous demand from consumers, merchants and Dashers. By facilitating alcohol delivery, DoorDash helps merchants grow their businesses, enables customers to purchase alcohol safely and conveniently from home, and provides Dashers with additional earning opportunities. DoorDash estimates that adding alcohol may increase restaurants' and grocers' average customer order values by up to 30% and convenience stores by over 50%. In Q4 2021, U.S. Dashers earned, on average, almost 30% more on deliveries with alcohol than on non-alcohol deliveries..."At DoorDash, safety is a top priority and our goal is to deliver alcohol in the safest and most responsible way possible," said Erik Ragotte, DoorDash's General Manager of Alcohol. "With today's announcement of two-step or dual ID verification, we're setting a new industry standard for responsible alcohol delivery. The new safety measures will help ensure alcohol is delivered to people over the age of 21. We will continue to innovate and find even more ways to promote responsible alcohol delivery." Reference Link
CNI...

Hot Stocks

13:46 EDT North American rail traffic fell 1% for the week ending July 16 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending July 16. For this week, total U.S. weekly rail traffic was 498,899 carloads and intermodal units, down 2.8% compared with the same week last year. Total carloads for the week ending July 16 were 229,809 carloads, down 2.4% compared with the same week in 2021, while U.S. weekly intermodal volume was 269,090 containers and trailers, down 3.2% compared to 2021. Three of the 10 carload commodity groups posted an increase compared with the same week in 2021. They were nonmetallic minerals, up 2,211 carloads, to 33,017; farm products excl. grain, and food, up 1,099 carloads, to 16,695; and motor vehicles and parts, up 867 carloads, to 12,916. Commodity groups that posted decreases compared with the same week in 2021 included coal, down 3,545 carloads, to 65,634; miscellaneous carloads, down 2,295 carloads, to 8,496; and grain, down 2,265 carloads, to 18,752. North American rail volume for the week ending July 16, on 12 reporting U.S., Canadian and Mexican railroads totaled 325,650 carloads, down 0.8% compared with the same week last year, and 355,716 intermodal units, down 1% compared with last year. Total combined weekly rail traffic in North America was 681,366 carloads and intermodal units, down 0.9%. North American rail volume for the first 28 weeks of 2022 was 18,852,354 carloads and intermodal units, down 3.3% 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
JBHT

Hot Stocks

13:42 EDT J.B. Hunt names Shelley Simpson president - J.B. Hunt Transport Services announced the appointment of Shelley Simpson as president of the company. The Board of Directors elected Shelley Simpson as company president effective August 1, 2022. Over Simpson's 28-year career at J.B. Hunt, she has served 15 years in executive leadership roles, most recently as chief commercial officer and executive vice president of people and human resources, in addition to leading International Services and Corporate Marketing. John N. Roberts, III, will remain chief executive officer and a member of the J.B. Hunt Board of Directors, a new management structure for the company. "Over her tenure at J.B. Hunt, Shelley has worn multiple hats across our business, bringing a data-driven, experienced-based approach to every area she has led," said Roberts. "If you look at the most disruptive areas of our company, from new technologies to global commercialization to investments in our people, Shelley's innovative leadership has always guided us toward positive results."
SCHL

Hot Stocks

13:11 EDT Scholastic raises dividend 33% to 20c per share from 15c - Scholastic is pleased to announce that its Board of Directors today approved a 33% increase in its regular quarterly dividend to 20c per share from 15c per share on the Company's Class A and Common Stock, commencing with the dividend declared for the first quarter of fiscal 2023. The dividend is payable on September 15 to all shareholders of record as of the close of business on August 31, 2022. The indicated annual dividend rate will now be 80c per share.
YELL

Hot Stocks

13:01 EDT Yellow Corp signs agreement with U.S. Army PaYS program - Yellow Corporation entered into a memorandum of agreement with the U.S. Army Partnership for Your Success program, demonstrating the Company's commitment to helping ensure veterans have successful careers upon leaving service. The PaYS Program is a strategic partnership between the U.S. Army and a cross section of corporations, companies and public sector agencies. The program provides America's Soldiers with an opportunity to serve their country while they prepare for their future.
BIIB

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12:54 EDT Law firm says Biogen to pay $900M to resolve whistleblower claim - Greene LLP announces that Biogen has agreed to pay $900M to resolve claims brought by Michael Bawduniak, a client of Greene LLP, that Biogen "unlawfully paid kickbacks to physicians and other healthcare professionals." The settlement will be paid to the United States and the Medicaid programs of various states in resolution of the False Claims Act action in which the United States did not intervene, the firm said in a statement. In 2012, Bawduniak disclosed to the United States that he believed Biogen, for whom he was then employed, was improperly paying kickbacks to its largest prescribers to discourage them from prescribing Biogen's competitors' products.
ASTL

Hot Stocks

12:32 EDT Algoma Steel reaches tentative agreement with USW Local 2724 - Algoma Steel Group announced that the Company has reached a tentative agreement for a new labour contract with United Steelworkers Local 2724, the union representing its technical, professional and front-line supervisory employees. The current collective agreement expires July 31, 2022. Ratification votes are scheduled for July 21st through July 25th, 2022. The Company will not be releasing details of the tentative agreement until after the Union has held its information meetings. Discussions are ongoing between the Company and the hourly employees represented by USW Local 2251, and the Company looks forward to reaching an agreement before the contract expires on July 31, 2022, ensuring the continuation of the Company's forward momentum.
SNMSF SONY

Hot Stocks

12:12 EDT Spin Master announces global master toy licensing pact with Sony's PlayStation - Spin Master (SNMSF) announced that it has entered into a global licensing agreement with Sony Interactive Entertainment (SONY). Under the pact, Spin Master will be the global master toy licensee for the SIE's PlayStation brand and SIE-owned PlayStation titles, including but not limited to "God of War," "Horizon Zero Dawn," "The Last of Us," and "UNCHARTED," and will develop products in the action figure, collectible, playset, plush, roleplay, vehicles, RC, and games & puzzles categories.
VALN

Hot Stocks

12:06 EDT Valneva says EC to order 1.25M doses of VLA2001 vaccine in 2022 - Valneva announces that the European Commission has approved an amendment to the Advance Purchase Agreement it signed in November 2021 for Valneva's inactivated whole-virus COVID-19 vaccine, VLA2001. "The amendment will be signed after a mandatory five-day period during which Member States can opt out. Under this amendment, the Member States' purchases will consist of 1.25 million doses of VLA2001 in 2022, with the option to purchase an equivalent quantity later this year for delivery in 2022. This amendment follows remediation discussions based on the EC's notice of intent to terminate the initial APA for VLA2001 doses in 2022 and optional doses for 2023. The first vaccine doses will be delivered to participating EU Member States - Germany, Austria, Denmark, Finland and Bulgaria - in the coming weeks. Valneva will retain inventory for potential additional supply to these EU Member States should demand increase and, in parallel, will aim to deploy approximately eight to ten million doses of remaining inventory into international markets. Given that VLA2001's shelf life is expected to reach up to 24 months over time, the Company will aim to deploy these doses in the next six to twelve months," the company stated.
PRPB

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12:00 EDT CC Neuberger Principal Holdings II falls -10.3% - CC Neuberger Principal Holdings II is down -10.3%, or -$1.00 to $8.68.
FOR

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12:00 EDT Forestar Group falls -11.6% - Forestar Group is down -11.6%, or -$1.83 to $14.01.
HKD

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12:00 EDT AMTD Digital falls -15.6% - AMTD Digital is down -15.6%, or -$3.89 to $20.99.
CVNA

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12:00 EDT Carvana rises 14.6% - Carvana is up 14.6%, or $3.34 to $26.19.
IS

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12:00 EDT ironSource rises 14.9% - ironSource is up 14.9%, or 55c to $4.24.
SI

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12:00 EDT Silvergate Capital rises 15.0% - Silvergate Capital is up 15.0%, or $11.96 to $91.56.
PRFT

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11:39 EDT Perficient expands global delivery center locations in India - Perficient announced the expansion of its global delivery center locations in India. The expansion includes new locations in Hyderabad and Pune, additional offices in Chennai and Bangalore, and growing the current Nagpur location. New Offices in Hyderabad and Pune: Perficient's two new offices are located in regions experiencing tremendous growth in the technology industry with large talent pools. Both locations feature ample meeting rooms and amenities for innovative collaboration. Satellite Locations in Chennai and Bangalore: Perficient's growing presence in Chennai and Bangalore enables its certified delivery teams to continue delivering excellence to Perficient clients. The two satellite locations in Chennai and Bangalore afford Perficient colleagues the convenience of working closer to home and reducing travel time. Expanded Office in Nagpur: Following development efforts in 2019, Perficient has expanded its existing Nagpur office to a third floor in the VPL IT Park. With the larger space, the Perficient Nagpur location now seats nearly 725 employees and includes amenities like a training room, dining center, and recreational gaming area.
ABB

Hot Stocks

11:37 EDT ABB to spin off turbocharging division, list on Swiss Exchange - ABB announces its intention to spin off Accelleron, formerly ABB Turbocharging, its turbocharging division, by way of a dividend in kind of Accelleron Industries shares to ABB's shareholders. Accelleron's listing on SIX Swiss Exchange in Zurich is planned for October 3, and is subject to, among others, approval by ABB's shareholders at a general meeting scheduled for September 7. "The proposed spin-off of Accelleron represents a unique opportunity for both companies, allowing them to focus on their respective core strategies and create long-term value for their stakeholders. ABB's shareholders will be able to realize the full value of Accelleron, while ABB continues to simplify its portfolio and focus on the megatrends of electrification and automation. Accelleron will be able to concentrate exclusively on reaching its full potential in the large engine industry where the company is known as the market leader in heavy-duty turbocharging, with a compelling growth profile, high cash generation and an attractive expected dividend policy," the company said in a statement. In 2021, Accelleron generated revenues of $756M with an operating margin of 25%. ABB has retained Credit Suisse and Goldman Sachs International as exclusive financial advisors on the transaction. Credit Suisse will be acting as listing agent.
MSFT

Hot Stocks

11:35 EDT Discord voice chat platform coming soon to Xbox consoles - Communication platform Discord said that users will soon be able to connect to Discord Voice chats from their Xbox Series X S and Xbox One consoles and talk directly with friends on Discord using the Xbox mobile app. "Planning a few rounds of Big Team Battle in Halo Infinite with buddies on both console and PC? Exploring new biomes with your friends in Minecraft, or see them playing a game that supports cross-play? Join their Voice channel and gather players from Xbox, PC, and mobile all into one Voice chat," Discord said. Reference Link
GD

Hot Stocks

11:34 EDT General Dynamics Mission Systems awarded $272.9M contract - General Dynamics Mission Systems announced it was awarded a U.S. Navy contract to support development, production and installation of fire control systems for the Columbia- and Dreadnought-classes of ballistic missile submarines. The contract as awarded has a value of $272.9 million over the next six years. This contract is the second for General Dynamics Mission Systems and is comprised of development, production and installation support for U.S. and U.K. submarine strategic weapons systems and subsystems. It will also support strategic weapons systems upgrades on currently fielded U.S. and U.K. strategic ballistic missile submarines. Work will primarily be performed in Pittsfield, Massachusetts, and is expected to be complete by July 2028.
BHLB

Hot Stocks

11:26 EDT Berkshire Hills Bancorp sees FY22 adjusted NII growth 17%-19% - Previous view high-single digits increase. Sees FY22 adjusted fee revenue down 10%-15%. Sees FY22 tax rate 19%-21%, previous view low-single digit decline. Sees FY22 tax rate 19%-21%, previous view high teens. Guidance taken from Q2 earnings presentation slides.
SNGX

Hot Stocks

11:22 EDT Soligenix announces results of Phase 3 FLASH study of HyBryte - Soligenix announced that the results of its successful Phase 3 FLASH study evaluating HyBryte for the treatment of cutaneous T-cell lymphoma has been published in the Journal of the American Medical Association Dermatology. The published findings demonstrate that HyBryte treatment statistically significantly reduced lesion size, with the treatment response further improving over successive 6-week treatment cycles. The primary endpoint evaluated the CAILS score of three treated index lesions and success was defined as greater than or equal to50% reduction in CAILS score relative to baseline. Lesion response continuously improved with treatment duration. After the first 6-week treatment window, 16% of patients had a response. This response rate continued to significantly increase to 49% through 18 weeks of treatment. Throughout the study, HyBryte was safe and well-tolerated. Importantly, HyBryte was observed to perform similarly against both patch and thicker plaque lesions characteristic of CTCL.
COIN VYGVF

Hot Stocks

11:20 EDT Coinbase says no exposure to Celsius, Voyager, Three Arrows - In a blog post by Brett Tejpaul, head of Coinbase (COIN) Institutional, Matt Boyd, head of prime finance and Caroline Tarnok, head of credit and market risk, "The shocks to the crypto credit environment over the last few weeks are likely to be a major inflection point for the industry. Solvency concerns surrounding entities like Celsius, Three Arrows Capital, Voyager (VYGVF), and other similar counterparties were a reflection of insufficient risk controls, and reports of additional struggling firms are fast becoming stories of bankruptcy, restructuring, and failure. Notably, the issues here were foreseeable and actually credit specific, not crypto specific in nature. Many of these firms were overleveraged with short term liabilities mismatched against longer duration illiquid assets. We believe these market participants were caught up in the frenzy of a crypto bull market and forgot the basics of risk management. Unhedged bets, huge investments in the Terra ecosystem, and massive leverage provided to and deployed by 3AC meant that risk was too high and too concentrated. These events are, unfortunately, more common in traditional financial markets than we would hope. We are reminded frequently of Long Term Capital Management in the 1990s, Lehman Brothers in the 2000s, and even Archegos Capital Management in 2021.Coinbase had no financing exposure to the groups above. We have not engaged in these types of risky lending practices and instead have focused on building our financing business with prudence and deliberate focus on the client. Now, more than ever, our leading institutional clients demand a high-quality financing counterparty...A healthy and well functioning financing market is essential to the expansion and sustainability of any economy. We believe well-designed risk management programs will help usher in new waves of capital and fuel the next expansion. A leading prime broker, whether in crypto or other asset classes, should understand and effectively manage counterparty and liquidity risk for the safety of their clients, shareholders, and the market. We do." The company added, " While Coinbase does not have counterparty exposure to the companies listed above, Coinbase's venture program did make non-material investments in Terraform Labs." Reference Link
FOCS

Hot Stocks

11:12 EDT Strategic Capital Advisers to join Focus partner firm Transform Wealth - Focus Financial Partner announced that it has entered into a definitive agreement under which Strategic Capital Advisers, an SEC registered investment adviser located in Denver, Colorado, will join Focus partner firm Transform Wealth. This transaction is expected to close in the second half of 2022, subject to customary closing conditions. Founded in 1994, SCA provides fee-only investment advisory services to individuals and institutions, including retirement plans. SCA and its principals, John Hancock and Jonathan Ahalt, have built a strong reputation in the greater Colorado area for helping address complex client situations and providing an excellent client experience.
GT LMT

Hot Stocks

11:10 EDT Goodyear Tire joins Lockheed Martin to commercialize lunar mobility - The Goodyear Tire & Rubber Company (GT) supplied essential products for NASA's Apollo program, including the Apollo 11 mission which landed on the Moon 53 years ago today. The company will continue that tradition, focusing on lunar vehicle tires, by joining Lockheed Martin (LMT) in its development of a lunar mobility vehicle.
CTVA

Hot Stocks

11:08 EDT Corteva, 2Blades reach collaboration milestone for ASR resistance - 2Blades and Corteva Agriscience announced they have reached a milestone in their collaboration to develop a transgene for Asian Soybean Rust resistance with successful field trials of Latin American soybean varieties containing the new ASR transgene. This achievement marks an important point in the research collaboration between the two organizations, which seeks to develop durable resistance and minimize grower losses due to the plant pathogen. Endemic to most soybean-producing regions of the globe, ASR can cause yield loss ranging from 10-80% in countries where it is established, carrying significant risk for farmers and agricultural systems. Soybeans in Latin America are particularly vulnerable to this fungal disease due to mild winter conditions, which allow the fungus to survive year-round. The transgenic trait in development by 2Blades and Corteva will provide an additional disease management tool for farmers in the region, increasing disease resistance durability and options for integrated disease management strategies.
MMSI

Hot Stocks

11:07 EDT Merit Medical releases Elation Pulmonary Balloon Dilator configuration in U.S. - Merit Medical Systems announced U.S. commercial release of the smallest and shortest configuration in its Elation Pulmonary Balloon Dilator portfolio. The company said, "The unique balloon size fills a critical need in the pulmonary care space. Historically, physicians have relied on single-stage, cardiovascular balloons that were often too large and too long for use in smaller airways. The new Elation balloon-part of Merit's expanded range of multi-stage pulmonary balloon configurations-allows physicians to accurately match balloon diameter and length to specific small airways in the lungs, bringing treatment options to more patients."
ALHC

Hot Stocks

11:05 EDT Alignment Health Plan plans to expand into three Nevada counties - Alignment Health Plan plans to expand into three Nevada counties - Carson City, the state's capital, and neighboring Douglas and Storey counties - and introduce its preferred provider organization plans for the first time to the Silver State, pending regulatory approval from the Centers for Medicare & Medicaid Services. If approved, the company's Medicare Advantage prescription drug plans would be available in six Nevada counties, providing more choice and flexibility to more than 530,000 residents, or 93% of the state's Medicare-eligible population, beginning Jan. 1, 2023.
ALHC

Hot Stocks

11:04 EDT Alignment Healthcare plan to expand Medicare Advantage plans in California - Alignment Healthcare plans to extend its tech-enabled Medicare Advantage plans to three more counties in California - Alameda, Fresno and Madera - pending regulatory approval from the Centers for Medicare & Medicaid Services. If approved, Alignment Health Plan benefit packages would be available in a total of 21 California counties, reaching more than 5.4 million residents, or 82% of the state's Medicare-eligible population, beginning Jan. 1, 2023.
M

Hot Stocks

11:02 EDT Macy's says accelerating growth of off-mall, small-format stores - Macy's announced that, as part of its Polaris strategy, the company will open four new off-mall, small-format stores this fall. The locations will include Market by Macy's, a smaller store that offers customers more to love with its curated assortment of the latest fashion trends, as well as the first-ever dual Market by Macy's and Macy's Backstage off-price location. "As a key pillar of Polaris, the company is focused on repositioning its physical store footprint to better serve its customers and effectively support omnichannel market sales growth. Off-mall, small formats play several roles in the company's Polaris strategy by either expanding its presence in a current market, maintaining market presence by replacing underperforming locations or entering new markets where Macy's doesn't have a presence. As part of Macy's ongoing assessment of its store portfolio, it has decided to close the Macy's Chesterfield location and will replace it with the new Market by Macy's near Chesterfield Commons," the company stated. "During the 2021 calendar year, four new stores were introduced to the public; Presidential Markets and South Point in the Atlanta metro area, and WestBend and Highlands at Flower Mound in the Dallas-Fort Worth area. By the end of 2022, Macy's plans to expand Market by Macy's to eight total locations," the company added.
BLKLF

Hot Stocks

11:02 EDT Blackline Safety selected in $2M UK water company deal - Blackline Safety announced a new water and wastewater company in the United Kingdom has selected Blackline Safety's technology to protect its people and support its digital transformation. This marks the sixth out of the UK's 12 water and wastewater companies to now use Blackline's cloud-connected gas detection products and services. Blackline Safety's technology was selected through a highly competitive and rigorous tender process. The three-year award includes an option to extend for an additional five years of service, which would bring the total value to over $4.2M. The utility will replace their existing gas detection units with over 2,600 Blackline Safety G7c wearable devices and associated services.
PH

Hot Stocks

11:01 EDT Parker-Hannifin teams with Eviation on development of electric commuter aircraft - Parker Aerospace, a business segment of Parker Hannifin Corporation, announced a partnership to further the development of electric flight. Eviation Aircraft has engaged Parker Aerospace to develop six technology system packages for Alice, the first-of-its-kind all-electric commuter aircraft, the company said in a statement. The two companies are now entering the design phase for the production and certification phase of Alice.
GP

Hot Stocks

10:43 EDT GreenPower Motor says thirteen models listed under Canada's iHMZEV program - GreenPower Motor announced that its customers in Canada can now receive funding under Transport Canada's newly launched incentive program for Medium and Heavy-Duty Zero-Emission Vehicles, or iMHZEV. "Thirteen of GreenPower's vehicle models are eligible for incentives from $75,000 up to $150,000 including the EV Star vehicle line up and shuttle buses... Purchasers in British Columbia may also apply for the Specialty Use Vehicle Incentive for a rebate of up to $100,000. These can be combined or stacked with the iMHZEV incentives up to 75% of the purchase price for GreenPower vehicles," the company stated.
CPRI

Hot Stocks

10:43 EDT Capri Holdings sees forex headwinds of $300M in FY23
CPRI

Hot Stocks

10:32 EDT Capri Holdings interested in 'fashion luxury' acquisitions
PRPO TMO

Hot Stocks

10:32 EDT Precipio to distribute HemeScreen through Fisher Healthcare channel - Precipio (PRPO) announced that it has entered into an agreement with Fisher Healthcare, a part of Thermo Fisher Scientific (TMO) to distribute its proprietary HemeScreen assays to its customers.
MASI

Hot Stocks

10:24 EDT Masimo announces publication on randomized, controlled trial of SedLine - Masimo announced the findings of a randomized, controlled trial published in the Journal of Clinical Anesthesia in which Dr. Melody H.Y. Long and colleagues from the KK Women's and Children's Hospital in Singapore evaluated the ability of electroencephalogram-guided anesthesia, using Masimo SedLine brain function monitoring, to reduce the amount of the drug sevoflurane needed to maintain anesthesia in pediatric patients undergoing minor surgery. They found that use of SedLine to guide anesthesia reduced sevoflurane requirements and led to a reduced incidence of burst suppression, which has previously been reported to be associated with postoperative delirium. Noting the unique nature of pediatric brains, which are still developing, the importance that standard anesthesia practice places on minimizing the dosage of drugs needed to maintain anesthesia, and the lack of research into the use of new technology like real-time EEG spectrogram monitoring in children, the researchers devised a study that would investigate what impact such technology might have. They enrolled 195 children, aged 1 to 6 years, who were scheduled for minor surgery involving general anesthesia induced and maintained using sevoflurane. The children were randomized into either a Masimo SedLine EEG-guided group or a standard care group. In the SedLine EEG group, anesthesiologists used SedLine to help guide administration of sevoflurane, with the goals of maintaining continuous slow/delta oscillations on the raw EEG and spectrogram, avoiding burst suppression, and maintaining a Patient State Index, or PSi - a propriety, processed EEG parameter developed by Masimo - between 25 and 50. In the standard care group, clinicians were blinded to the EEG data. As their primary outcome, the researchers looked at the average end-tidal concentration of sevoflurane used during induction and maintenance of anesthesia. They found that in the EEG group, the concentration was lower both during induction and maintenance. As one of their secondary outcomes, the researchers compared the incidence and duration of intraoperative burst suppression, and found that the EEG group had a lower incidence of burst suppression. The authors concluded, "This is one of the first randomized control trials in the pediatric population showing that EEG-guided anesthesia care utilizing the spectrogram is feasible, and leads to a modest decrease in intraoperative sevoflurane dosage for induction and maintenance in young children aged 1 to 6 years. EEG guidance allows easy visualization of anesthesia-induced changes on the brain in real time, making it possible to determine which individuals require more anesthetic to maintain unconsciousness and titrate doses accordingly. This may be particularly important in children between 1 and 2 years old, who appear to require a higher concentration of sevoflurane during surgery, as well as in patients at risk of neurological injury. Our findings highlight the importance of EEG monitoring in complementing the current ASA standard monitors, to provide personalized anesthesia care."
UN UL

Hot Stocks

10:21 EDT Unilever Food Solutions U.S. recalls Knorr Professional Soup du Jour soup mix - Unilever Food Solutions in the United States is recalling approximately 553 cases of Knorr Professional Soup du Jour Red Thai Style Curry Chicken with Rice Soup Mix because the product contains milk, which is not listed as an ingredient on the label. Persons who have an allergy or severe sensitivity to milk run the risk of a serious or life-threatening allergic reaction if they consume this product. The products bear establishment number "P-44055" inside the USDA mark of inspection. The products were produced on January 19, 2022 and distributed nationally to professional food service distributors and operators between March 15, 2022 and July 12, 2022. A limited quantity of products were sold directly to consumers. No other Unilever or Knorr products are affected by this recall. To date, the company has not received any reports of consumer complaints or allergic reactions associated with this product. Anyone concerned about an allergic reaction should contact a healthcare provider.
CPRI

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10:20 EDT Capri Holdings targets long-term operating margin about 20%
CPRI

Hot Stocks

10:18 EDT Capri Holdings up 2% as revenue targets discussed during investor day - Shares of Capri are up 91c, or 2%, to $47.20 as the company discusses its revenue targets and other guidance at its investor day meeting.
CPRI

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10:17 EDT Capri Holdings sets revenue target of $8B, up from prior $7B target - The company previously forecast $7B in revenue and a 20% operating margin over time. Comments taken from Capri's Investor Day presentation.
JCSE

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10:11 EDT JE Cleantech Holdings Ltd trading resumes
SKYT

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10:11 EDT SkyWater to build $1.8B semiconductor manufacturing facility in Indiana - SkyWater Technology announced its plans to build a $1.8B U.S. semiconductor R&D and production facility in Indiana through a dynamic public-private partnership with the state and Purdue University to pursue CHIPS for America Act funding. The Indiana facility, to be located on the Purdue campus in the Discovery Park District, will provide access to SkyWater's development services, volume production and heterogeneous integration solutions the company currently offers in its Minnesota and Florida facilities. The ability to make this large of an investment will be the result of SkyWater, Purdue University and the State of Indiana working together to successfully obtain federal incentives in the form of grants as defined in the CHIPS Act currently making its way through Congress. Subsequently, SkyWater will continue implementing its co-investment business model through engagements with customers, suppliers and other agencies to ensure those resources are applied to advanced capabilities, new tools and scaled production.
JCSE

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10:06 EDT JE Cleantech Holdings Ltd trading halted, volatility trading pause
ELV

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10:00 EDT Elevance Health falls -6.3% - Elevance Health is down -6.3%, or -$31.45 to $465.98.
HKD

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10:00 EDT AMTD Digital falls -6.7% - AMTD Digital is down -6.7%, or -$1.66 to $23.22.
FOR

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10:00 EDT Forestar Group falls -12.2% - Forestar Group is down -12.2%, or -$1.93 to $13.91.
SI

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10:00 EDT Silvergate Capital rises 8.2% - Silvergate Capital is up 8.2%, or $6.50 to $86.10.
ASAN

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10:00 EDT Asana rises 8.6% - Asana is up 8.6%, or $1.48 to $18.75.
WE

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10:00 EDT WeWork rises 8.5% - WeWork is up 8.5%, or 45c to $5.71.
BLTE

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09:52 EDT Belite Bio Inc (ADR) trading resumes
WIT

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09:51 EDT Wipro sees Q3 IT Services revenue $2.817B-$2.872B
GCBC

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09:49 EDT Greene County Bancorp raises quarterly dividend 7.7% to 14c per share - Greene County Bancorp announced that its Board of Directors has approved a quarterly cash dividend of 14c per share on the Company's common stock. The dividend reflects an annual cash dividend rate of 56c per share, which represents a 7.7% increase from the previous annual cash dividend rate of 52c per share. The cash dividend for the quarter ended June 30, 2022 will be paid to shareholders of record as of August 15, 2022, and is expected to be paid on August 31, 2022.
BLTE

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09:47 EDT Belite Bio Inc (ADR) trading halted, volatility trading pause
LAD

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09:47 EDT Lithia & Driveway falls -7.0% - Lithia & Driveway is down -7.0%, or -$20.56 to $275.00.
HKD

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09:47 EDT AMTD Digital falls -12.1% - AMTD Digital is down -12.1%, or -$3.00 to $21.88.
FOR

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09:47 EDT Forestar Group falls -14.7% - Forestar Group is down -14.7%, or -$2.33 to $13.51.
TSI

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09:47 EDT ICW Strategic Income Fund rises 4.5% - ICW Strategic Income Fund is up 4.5%, or 22c to $5.13.
CMA

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09:47 EDT Comerica rises 5.0% - Comerica is up 5.0%, or $3.92 to $81.84.
SI

Hot Stocks

09:47 EDT Silvergate Capital rises 5.6% - Silvergate Capital is up 5.6%, or $4.43 to $84.03.
GSBC

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09:43 EDT Great Southern Bancorp trading resumes
TTWO

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09:40 EDT Take-Two's Zynga says 'Star Wars: Hunters' release delayed - The Zynga Star Wars account issued an update on "Star Wars: Hunters," stating in part: "We are working tirelessly to achieve our vision for Star Wars: Hunters. Our ambition is to create a competitive battle arena game that will entertain for years to come. To ensure we meet the high expectations we are setting for fans globally and ourselves as developers, we have made the decision to delay the worldwide launch of Star Wars: Hunters." The game will now launch in 2023 on Nintendo Switch, iOS, and Android devices, the tweet stated. Reference Link
COOK

Hot Stocks

09:38 EDT Traeger approves workforce reduction, suspends Provisions operations - Traeger disclosed that on July 18, its board approved a planned reduction in workforce, as part of a plan to reduce the company's costs and drive long-term operational efficiencies. Additionally, the company is suspending operations of Traeger Provisions and postponing nearshoring efforts to manufacture product in Mexico. These actions are expected to be substantially completed by Q3. As a result of these actions, Traeger expects to incur total pre-tax charges of between $6M-$7M, of which approximately $4.3M-$5.0M will result in future cash expenditures. Of the costs, the company expects pre-tax charges of between approximately $3.9M-$4.3M related to severance, termination and suspending operations of Traeger Provisions; and pre-tax charges of between approximately $2.1M-$2.7M related to postponing plans to manufacture product in Mexico.
ONPPF

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09:37 EDT Oncopeptides announces FDA public advisory meeting of ODAC on Pepaxto - Oncopeptides announces that the US Food and Drug Administration has announced a forthcoming public advisory meeting of the Oncologic Drugs Advisory Committee, on September 22, 2022, to discuss the benefit/risk of Pepaxto. On January 21 Oncopeptides announced that it has rescinded the October 22, 2021, letter requesting a voluntary withdrawal of the New Drug Application of Pepaxto in the US. The decision was based on comprehensive analyses of the heterogenous overall survival data from the phase 3 OCEAN study, a head-to-head comparison with pomalidomide, as well as other relevant clinical trials. Oncopeptides initiated a dialogue with the FDA to review the data. The FDA interaction has been intensified following the recent European Medicines Agency's Committee for Medicinal Products for Human Use unanimous adoption of a positive opinion recommending the European Commission to grant a full marketing authorization approval of Pepaxti in the European Union. The purpose of the now scheduled ODAC meeting is to discuss the general benefit/risk profile of Pepaxto. In 2021, the purpose of the planned ODAC meeting was to have a discussion on next steps for Pepaxto including whether the indication should remain on the market while additional trial are conducted. Consequently, the objective of this meeting is different than the planned ODAC in 2021.
TGEN

Hot Stocks

09:33 EDT Tecogen to establish business unit focused on indoor agriculture - Tecogen is establishing a new business unit of the company focused on Controlled Environment Agriculture. CEA is becoming a key market segment for the company. Traditionally, United States' fruits and vegetables are grown outdoors and transported long distances to end consumers. CEA offers significant advantages such as locally grown products, fresh tasting produce, 90% less water use, low transportation costs and zero pesticide use. Climate change, uncertain supply chains, and the drive for locally grown produce are factors cited by market studies projecting that the CEA market will exceed $170 billion globally by 20251. Food crop CEA is a natural progression for Tecogen from sales of equipment to cannabis CEA facilities. Tecogen's solutions are uniquely positioned to allow facility owners to reduce operating costs and increase crop yield. Utility expenses in CEA facilities are typically between 10% and 25% of revenue. Tecogen's chiller and cogeneration solutions can significantly reduce this energy expense while simultaneously reducing the facility's greenhouse gas footprint. Tecogen's technology can also supply CO2 to boost plant growth rate by more than 150%, increasing the number of crop cycles in a year.
GSBC

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09:33 EDT Great Southern Bancorp trading halted, volatility trading pause
SLNH

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09:32 EDT Soluna Holdings reports June BTC equivalent mined per day up by 2% - Soluna Holdings announced the release of its June site level financials. Michael Toporek, CEO of Soluna Holdings, stated, "Soluna continues to prove its business model despite a decline in BTC price. The company's strong operating base of ultra-low energy cost assets have continued to perform well as they were designed to do in challenging macro environments." Key Summary Highlights: Seasonal factors affect revenue in June, but increased capacity softens impact; BTC Equivalent Mined per day increased by 2% despite average BTC prices decreasing by 38%. Average Hashrate deployed was flat Month-over-Month with peak hashrate remaining above 1 EH/s. The flat hashrate was due largely to seasonal factors including TVA curtailments and weather related hash rate reductions. Drivers to margin growth: 43% prop mining cash contribution margins despite low BTC environment. Sophie maintained its 84% uptime for power costs of 2.5-2.7 c per kWh. Ability to run Marie at lower uptime and cheaper power cost if BTC prices fall further. Focus on investing through the cycle: Long-term pipeline of opportunities near 2GW. Computing equipment prices down ~70-80% since January, less than 1 year payback period on new miners. Continued focus on robust ROIC.
ABT

Hot Stocks

09:32 EDT Abbott sees FY22 organic sales up high single digits - Says Q2 sales impacted by voluntary recall and manufacturing shutdown for certain infant products. Says a lot of uncertainty for everybody in 2023. Says macroenvironment is challenging. Says shipped just as many Covid tests in first six months of this year as all of last year. Says Nutrition has recovered nicely. Says staffing challenges were a factor. Says biggest headwind for device business was China. Comments and guidance taken from Q2 earnings conference call.
EHC

Hot Stocks

09:21 EDT Encompass Health cuts quarterly cash dividend to 15c from 28c per share - Payable on October 17 to holders of record on October 3. The revised quarterly dividend is in response to the recently completed spin off of Enhabit Home Health & Hospice and reflects the company's continued commitment to a robust de novo hospital strategy.
COSM

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09:20 EDT Cosmos Holdings to acquire Cana Laboratories, terms not disclosed - Cosmos Holdings announced that it has entered into a binding letter of intent to acquire Pharmaceutical Laboratories CANA, a Greek pharmaceutical company that manufactures, sells, distributes, and markets original branded products researched and developed by leading global pharmaceutical and healthcare companies. Founded in 1928, Cana has manufactured and distributed a broad range of proprietary pharmaceutical and health related products. Furthermore, it has operated as a trusted partner of multinational pharmaceutical companies as well as some of the largest Fast Moving Consumer Goods companies. In the last decade, Cana Laboratories' activities also ventured into medical devices, representing major medical technology companies. Cana's 54,000 sq. ft owned production facility located in Athens, Greece, is licensed under European Good Manufacturing Practices and certified by EMA to manufacture pharmaceuticals, food supplements, cosmetics, biocides and medical devices. It has a variety of production lines that can produce solids, orals, semi solids and liquids. The company is ISO 9001:2015 certified. Cana's diversified customer base includes public & private hospitals, pharmacies, supermarkets, wholesalers, etc. Furthermore, its proprietary product portfolio includes pharmaceuticals, dermocosmetics, antiseptics, and food supplements, as well as an infant care organic product line, Biobebe.
WETF

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09:18 EDT WisdomTree says Say platform live for Q2 earnings - WisdomTree Investments announced that Say, a shareholder Q&A platform, is live and ready to be used in advance of its upcoming second quarter earnings call on Friday, July 29, 2022, at 9:00 a.m. ET.
SNPX

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09:16 EDT Synaptogenix advances dosing of first patient in dose optimization trial - Synaptogenix announced, in preparation for its next phase of Bryostatin clinical development, the dosing of its first patient in the company's open-label dose optimization clinical trial. Synaptogenix's therapeutic lead drug to treat Alzheimer's disease, Bryostatin, recently showed a statistically significant improvement in the treatment group that was not observed in the placebo group in two pilot, placebo-controlled Phase 2 trials. In the current 6-month trial, enrollment is complete and clinical testing is proceeding toward conclusion. The company expects to announce topline data from its National Institutes of Health- sponsored, Phase 2b clinical trial of Bryostatin-1 for patients suffering from advanced and moderately severe AD during the fourth quarter of 2022."While the current dosing has been found to produce clear cognitive improvement over baseline, the Company has planned a dose-ranging study to optimize the extent and duration of benefits. With the encouraging data reported in our recent article, we want to be well positioned to conduct a registration study and to enter the clinic as soon as possible," stated Dr. Daniel Alkon, President and Chief Scientific Officer. Alan Tuchman M.D., the company's CEO, stated, "We continue to believe Bryostatin is uniquely positioned to target synaptic loss and are looking forward to announcing a read out of our Phase 2 topline data later this year."
ZI

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09:10 EDT ZoomInfo hires Chad Herring as Chief Human Resources Officer - ZoomInfo announced that it has hired Chad Herring as Chief Human Resources Officer. Based in Vancouver, Herring will report to ZoomInfo Founder and CEO Henry Schuck and lead the human resources department across all ZoomInfo offices. In addition to overseeing ZoomInfo's talent acquisition and employee experience, his priorities include promoting and reinforcing ZoomInfo's commitment to diversity, equity, and inclusion at all levels of the organization. Herring joins ZoomInfo from Snapdocs, where he served as Chief People Officer. He brings two decades of business leadership experience from multiple industries, including executive roles in SaaS, corporate development, operations, and human resources. He was previously Vice President at BrandSafway and Chief Human Resource Officer at Sunrun. Over the course of his career, Herring has worked in publicly traded companies, and private equity- and venture capital-backed companies, and has completed two IPOs and more than 100 acquisitions and divestitures.
AEHL

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09:10 EDT Antelope Enterprise Holdings regains Nasdaq compliance - Antelope Enterprise Holdings announced that on July 19, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market confirming the company has regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2). The company regained compliance with Nasdaq's requirements when the closing bid price for the company's common stock was at or above $1.00 for 10 consecutive business days and the matter is now closed.
SGPYY MSFT

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09:10 EDT Sage Group, Microsoft expand partnership to simplify workflows - Sage (SGPPY) announced an expanded partnership with Microsoft (MSFT). The news includes plans to integrate Microsoft Business Products, including Microsoft 365 and Microsoft Teams, as embedded services in Sage products and the Sage Digital Network.
ACVA

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09:09 EDT ACV Auctions announces the launch of its Smart Acquisition Manager - ACV announced the launch of ACV's Smart Acquisition Manager, S.A.M., which delivers two new innovative ways to engage with ACV's marketplace. ACV's S.A.M. offers a buying API to drive a programmatic buying user experience. ACV is making its 20-minute digital auction more powerful by introducing these solutions that allow dealers to set-up proxy bids via an AI-powered buying agent to make data-driven decisions. These proxies will bid on and buy cars within the ACV Marketplace entirely based on the dealer's pre-set criteria. ACV's S.A.M. enables dealers to customize their automatic buying preferences down to minute-level vehicle details. Dealers can use S.A.M. to build highly customized rules that will not only identify vehicle specifications and price ranges, but could, for example, also include preferences for vehicle condition based on ACV's leading inspection reports. "Since our inception, ACV's mission has been to bring trust, transparency and efficiency to the car buying process," said ACV CEO George Chamoun. "One of the most common pieces of feedback we get from dealers is that they need vehicles, and they don't have enough time to manage all the traditional inventory sources. We saw an opportunity to make the inventory buying process even more efficient and can't wait for our customers to leverage S.A.M. and earn back hours of precious time."
CPTN FN

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09:09 EDT Cepton partners with Fabrinet for the production of its Vista -X90 lidar - Cepton (CPTN) announced that it has selected Fabrinet (FN) for the production of its Vista -X90 lidar, which will be deployed in the industry's largest ADAS lidar series production program. Cepton selected Fabrinet for its deep expertise in advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services for the production of high-performance, proprietary assemblies of its Vista-X90 lidars. Trusted by the world's most demanding OEMs, Fabrinet is known for its delivery of high-quality complex optical, mechanical and electrical assemblies for optical communications and automotive applications. A strategic move, the partnership furthers Cepton's goal of making lidar an essential and standard auto part in everyday consumer vehicles. At Cepton, our goal is to be the world's go-to supplier of automotive lidar solutions, and working with an OEM-trusted and validated manufacturing partner is a crucial part of that effort," said Dr. Jun Pei, Co-founder and CEO of Cepton. "Fabrinet has earned a strong reputation within the automotive industry with its excellent service and precision-manufacturing expertise. We are excited to work with Fabrinet to accelerate the production
NATR

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09:08 EDT Natures Sunshine Products: U.S. manufacturing facility converts to 100% solar - Nature's Sunshine Products announced that its US manufacturing facility has converted to 100% solar energy to power its operations. In its inaugural environmental, social and governance report Nature's Sunshine set a goal to transition its owned manufacturing facilities to 100% renewable energy sources by 2023.
NA

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09:08 EDT Nano Labs announces receipt of Nasdaq delisting determination, plans to appeal - Nano Labs announced that the Company received a staff determination letter, on July 19, 2022, from the Listing Qualifications Department of The Nasdaq Stock Market notifying the Company of the determination of the Nasdaq staff to delist the Company's securities from The Nasdaq Global Market because of the Company's failure to demonstrate compliance with the requirement that the gross offering proceeds be at least $25M as outlined in Listing Rule 5210(k)(i). Pursuant to the Letter, unless the Company requests an appeal of the Letter, trading of the Company's Class A ordinary shares will be suspended at the open on July 28, 2022, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Global Market.
AIHS

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09:07 EDT Senmiao Technology reports ride-hailing platform metrics for June - Senmiao Technology announced the operating metrics for its proprietary online ride-hailing platform for the month of June. In June, Senmiao and its affiliates reported over 0.92M total completed orders, a 1.7% decrease from over 0.93M total orders completed in May.
GTHP

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09:06 EDT Guided Therapeutics gets IRB approval for LuViva Advanced Cervical Scan trial - Guided Therapeutics announced that it has obtained Institutional Review Board, or IRB, approval to initiate its clinical trial aimed at obtaining FDA approval for the company's LuViva Advanced Cervical Scan. The study protocol has been approved by WCG IRB. Both of these centers have enough patient volume to provide the number of patients required by FDA, projected to be up to approximately 400 women. The study is expected to start enrolling patients in about 30 to 60 days. LuViva is already approved for sale in the European Union under the CE Mark and currently is undergoing clinical trials in China for National Medical Products Administration approval, China's equivalent of the U.S FDA.
PRTG

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09:06 EDT Portage Biotech acquires minority interest of iNKT agonist platform - Portage Biotech announced that the Company has acquired the outstanding ownership interest of its invariant natural killer T cell, iNKT agonist, platform and now fully owns the worldwide rights to its small molecule iNKT agonists, including lead programs PORT-2 and PORT-3. The platform was acquired through Portage's iOx Therapeutics subsidiary from the founding equity holders in exchange for 1,070,000 ordinary shares of Portage. Additionally, a payment of $25,000,000 in Portage ordinary shares or cash would be triggered upon the achievement of a certain clinical milestone in the PORT-2 or PORT-3 programs. Both PORT-2 and PORT-3 are potent approaches to priming and boosting an immune response in solid tumors with potential to address unmet need in cancer treatment. PORT-2 is a liposomal formulation of an iNKT agonist, IMM60, while PORT-3 is a nanoparticle coformulation of Portage's iNKT agonist packaged with an antigen to establish immune priming and boosting. Leadership at Portage initially founded iOx Therapeutics in February 2015 based on the preclinical potential of iNKT agonist technology, which has been shown to inhibit the growth of tumors in multiple cancer types. Both PORT-2 and PORT-3 are in clinical trials in melanoma and non-small cell lung cancer and NY-ESO-1 positive solid tumors. The Company expects preliminary data from these programs by the end of 2022 and early 2023, respectively. The decision to commit full ownership to the iNKT platform demonstrates the Company's commitment to the ongoing PORT-2 and PORT-3 programs and the iNKT platform as a whole. "This transaction demonstrates our belief in the potential of iNKTs to drive an innate and adaptive immune response while correcting the suppressive tumor microenvironment," said Dr. Ian Walters, Chief Executive Officer of Portage Biotech. "With development of both PORT-2 and PORT-3 progressing and preliminary efficacy data expected later this year, we believe the time is right for us to acquire full ownership of these promising assets. With our recent acquisition of Tarus Therapeutics, Portage now has two fully owned broad immunotherapy platforms with four clinical-stage assets."
EBAY TIF

Hot Stocks

09:06 EDT eBay launches authentication for fine jewelry - As the marketplace's luxury categories continue to gain momentum with double digit growth, eBay (EBAY) announces the expansion of its Authenticity Guarantee to fine jewelry. Beginning July 20, in collaboration with GIA, the Gemological Institute of America, eligible new and pre-owned fine jewelry sold for $500+ will be available for the service. The offering will soon expand to include top designer brands like Bvlgari, Van Cleef & Arpels, David Yurman, Cartier and Tiffany & Co. (TIF). This marks the expansion of eBay's authentication service to its fifth category, which currently includes sneakers, watches, handbags, and trading cards.
MICT

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09:04 EDT MICT, Inc. to file Q1 results ahead of close of business on July 22 - MICT announces its intention to file its Form 10-Q outlining first quarter 2022 financial results by close of business on Friday, July 22, 2022. Darren Mercer, MICT's CEO comments, "Following the unavoidable delays that arose due to the extremely strict COVID-19 lockdown protocols imposed throughout large parts of China, and now that our 2021 year-end results have been reported, we are pleased to report that we and our auditors have completed our first quarter 10-Q report and expect to file it by end of business day on Friday, July 22, 2022. With this filing complete, we will be current with our SEC quarterly filings. We thank our employees and auditors for their dedication and hard work, and our stockholders for their continued support and patience, as we manage through these unavoidable circumstances. With lockdowns in China beginning to ease, we expect future periods to be completed in a timely manner. We look forward to sharing our results by Friday."
JWN DKS

Hot Stocks

09:04 EDT Nordstrom names Deniz Anders as Chief Marketing Officer - Nordstrom (JWN) announced the appointment of two new senior executive leaders: Deniz Anders was promoted to senior vice president and chief marketing officer, and Nina Barjesteh, a senior executive at Dick's Sporting Goods (DKS), will join the company as president, Nordstrom Product Group. In her new role, Anders will lead all marketing efforts on behalf of the company, including brand programs, digital marketing, creative strategy and corporate affairs. Anders has been with the company for 22 years, most recently serving as vice president of marketing. Anders steps into the role previously held by Scott Meden, who announced his retirement earlier this year.
HUM

Hot Stocks

09:04 EDT Humana to hire 300 seasonal employees - Humana announced it is looking to hire about 300 seasonal enrollment representatives for nationwide work-from-home positions. Humana's Medicare enrollment representatives respond to inquiries from current and prospective members seeking to enroll in a 2023 Medicare Advantage or Prescription Drug Plan. They also review and process member applications. These seasonal employees will serve for six months or less through the Medicare Advantage and Prescription Drug Plan open enrollment window, which runs October 15 through December 7.
MSGM NVDA

Hot Stocks

09:03 EDT Motorsport Games brings two titles to NVIDIA GeForce NOWNvidia - Motorsport Games (MSGM) announced that two of its games have been released on GeForce NOW, NVIDIA's (NVDA) cloud-based game streaming service. NASCAR 21: Ignition and KartKraft joined GeForce NOW's robust library of over 1,300 games and are now available to be played via the cloud. This marks the first set of Motorsport Games titles to come to GeForce NOW, kicking off with two of the publisher's most popular games on the market.
BA

Hot Stocks

09:02 EDT Boeing, Azerbaijan Airlines sign MoU for four additional 787-8s - Boeing and Azerbaijan Airlines signed a Memorandum of Understanding for four additional fuel-efficient 787-8s at the Farnborough International Airshow. The Azerbaijan flag-carrier currently operates two 787-8s, with this announcement the airline intends to grow its Dreamliner fleet to 10 by 2030, enabling it to open new routes across Central Asia.
SMIT

Hot Stocks

09:00 EDT Schmitt Industries Inc trading resumes
SABR

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08:56 EDT Sabre's Radixx portfolio selected by AirJapan to support business model - Sabre Corporation announced a new agreement between Sabre company Radixx and All Nippon Airways' new airline brand, AirJapan. The carrier will use the full suite of Radixx products including the Radixx Res passenger services system and mobile check-in capabilities to support its aim of meeting emerging trends for international travel, the companies said.
PLM

Hot Stocks

08:45 EDT Polymet Mining trading resumes
QUBT

Hot Stocks

08:40 EDT Quantum Computing solves 3,854-variable optimization problem - Quantum Computing announced that it has solved an optimization problem with over 3,800 variables in six minutes, delivering a superior and feasible solution. The Company achieved this landmark by applying a new quantum hardware technology called Entropy Quantum Computing to the BMW Vehicle Sensor Placement challenge, a complex problem consisting of 3,854 variables and over 500 constraints. In comparison, today's Noisy Intermediate Scale Quantum computers can process approximately 127 variables for a problem of similar complexity.
XIACF

Hot Stocks

08:37 EDT Xiaomi renews license to Via's AAC patent pool - Via Licensing Corporation announced Xiaomi renewed its license to Via's Advanced Audio Coding patent pool. This global agreement encompasses smartphones, for which Xiaomi is ranked third for worldwide sales.
FAZE...

Hot Stocks

08:36 EDT FaZe Clan completes combination with B. Riley Principal 150 Merger - FaZe Clan announced that on July 19, it completed its business combination with B. Riley Principal 150 Merger Corp. (BRPM), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial (RILY). In connection with the closing of the Business Combination, the combined company has been renamed "FaZe Holdings Inc." Shares of FaZe's common stock and warrants commence trading on Wednesday July 20, on NASDAQ under the new ticker symbols "FAZE" and "FAZEW", respectively.
SPCB

Hot Stocks

08:36 EDT SuperCom announces government electronic monitoring contract in Texas - SuperCom announced that it had signed a new GPS monitoring contract in Texas to monitor juvenile probation clients. The contract follows a live product evaluation where the solution was tested by the customer at their location. The contract is structured as a per unit per day lease model, with billing at the end of each month. "We are pleased to announce winning another new contract in Texas. It is rewarding to see how our customer base is growing organically, alongside our strong reputation in the region, indicating a high level of customer satisfaction," stated Ordan Trabelsi, President and CEO of SuperCom.
EJH

Hot Stocks

08:36 EDT E-Home updates business development of carbon neutral, green initiative - E-Home Household Service Holdings announced the Company has signed contract with Fujian Fusheng Property Management to provide domestic garbage sorting and dumping services for neighborhoods under Fusheng's management that incorporates waste collection practices to help reduce household carbon emissions. E-Home's garbage collection services are designed to facilitate recycling and composting, as well as incentivizing energy-from-waste facilities, which would help reduce household reliance on landfills and lower green-house-gas emissions. The Company also signed similar service contracts with Shanghai Fanying Environment Engineering, Fuzhou Company to provide environmentally sustainable garbage sorting for three properties under Fanying Fuzhou's management. The contracts have been awarded following E-Home's announcement to launch specialized waste classification, energy saving and emission reduction household Services on July 14. Wenshan Xie, Chairman and CEO of E-Home, commented: "We are thrilled to announce business development of our carbon neutral initiative only a week after we launched this new service, which shows our determination to help manage trash creation and contribute to recycling and composting efforts nationwide. Next, we'll continue expand our efforts to more waste management options, including energy-from-waste facilities that provide a means for waste disposal while also generating clean electricity. We believe such alternative 'green' household cleaning services would both help combat climate change and achieve sustainable, strong growth for our business as a whole."
OSTK CRTO

Hot Stocks

08:35 EDT Overstock 'applauds' Bitt for appointing Criteo CBDC team - Overstock.com (OSTK) applauds the announcement that Bitt added Jim Shinn and Erik Bethel from the CBDC team at Criteo (CRTO) to the Bitt executive team. "This announcement is another example of the value Pelion Ventures is creating for Overstock and its shareholders by guiding and growing the Medici Ventures Fund companies," said Overstock CEO Jonathan Johnson. "I continue to be pleased with Pelion as the fund's general partner - actively managing many of the companies to help advance their respective businesses and thus allowing the Overstock management team to remain focused on the home furnishings e-commerce business." Overstock, as a limited partner in the Medici Ventures Fund, L.P., indirectly owns approximately 84% of Bitt.
STRM

Hot Stocks

08:34 EDT Streamline Health signs new contract for Streamline Health eValuator - Streamline Health Solutions announced it has signed a contract with a 50-hospital health system in the Southwest. The system will use eValuator's automated pre- and post-bill coding analysis technology to help improve revenue integrity and financial performance from their inpatient, outpatient and professional fee services. "Our newest client is a nationally recognized leader in care delivery, and we're honored to partner with them in optimizing revenue integrity and financial performance prior to billing," stated Tee Green, President and Chief Executive Officer, Streamline Health Solutions. "Along with inpatient and outpatient coverage, our recent addition of Pro-Fee functionality means eValuator will help the organization proactively improve compliant revenue capture across the enterprise."
BCOV

Hot Stocks

08:33 EDT Brightcove announces Dan Freund will join as Chief Revenue Officer - Brightcove announced Dan Freund will join the company as its Chief Revenue Officer, CRO, on August 1. In this role, Freund will be responsible for all aspects of Brightcove's revenue performance, including managing its global sales and customer success organizations and executing its go-to-market strategy. Freund brings more than 25 years of global leadership experience in leading commercial sales and fueling revenue growth for enterprise software companies. Most recently, Freund served as the Chief Revenue Officer for Brandwatch, a data-driven digital consumer intelligence company. tells investors in a research note.
SMIT

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08:33 EDT Schmitt Industries announces non-binding term sheet with Proton Green - Schmitt Industries announced that it entered into a non-binding term sheet which contemplates the reverse merger with Proton Green, LLC and the spin-off of Schmitt's Ample Hills business. Under the merger agreement, Proton Green would become a wholly owned subsidiary of Schmitt. The Company would be renamed "Proton Green Corporation" and the common stock would continue to trade on the Nasdaq under a new symbol. The transaction would include a Spin-Off of Schmitt's Ample Hills business to pre-Merger shareholders of Schmitt's common stock. The Term Sheet contemplates the execution of a merger agreement whereby the security holders of Proton Green would receive Schmitt securities in the Merger, in exchange for securities held in Proton Green. In addition, the Term Sheet contemplates the Spin-Off of Schmitt's Ample Hills business to the pre-Merger shareholders of Schmitt's common stock subsequent to the closing of the anticipated Merger. The contemplated business combination would give Schmitt investors exposure to the promising helium, hydrogen and clean energy industries in which Proton Green has established footholds and operating assets, while allowing Proton Green to fund its strategic initiatives through the public capital markets. Based on the initial valuations, Schmitt anticipates that the security holders of Proton Green and Schmitt would hold approximately 95% and 5%, respectively, of the combined company. Such ratio could be subject to proportional dilution for any anticipated financing in connection with the Closing, which dilution could be impacted by the Company's intent to transfer $10 million to its Ample Hills business in connection with the Spin-Off. Assuming Schmitt and Proton Green enter into the Merger Agreement, the parties will look to seek shareholder approval from Schmitt's shareholders in the fourth calendar quarter of 2022, subject to SEC staff review of the proxy statement to be filed by Schmitt for the proposed transaction.
SRGA

Hot Stocks

08:33 EDT Surgalign announces commercial relaunch of its CervAlign ACP system - Surgalig announced the commercial relaunch of its CervAlign anterior cervical plate, ACP, system. This next generation plate design comes with an enhanced locking system design and enhances the Company's position in one of the largest procedural categories in spine-the anterior cervical discectomy and fusion, ACDF, market. "We are happy to introduce an improved version of CervAlign ACP after an extended period of limited availability of one of our flagship products," stated Terry Rich, President and Chief Executive Officer of Surgalign. "We took the past year to evaluate the needs of the market and we are excited to bring the CervAlign plate back as we continue to drive better patient outcomes. While this ultimately hindered our 2021 results, it was the prudent move and in the best interests of our customers and patients who rely on our technology." The CervAlign system is designed for multiple ACDF procedural solutions as it can accommodate semi-constrained, constrained and hybrid constructs for one- to five-level anterior cervical fusions. The plate features a 2.2mm minimum profile with zero-profile locking designed to minimize tissue disruption and complications, such as dysphasia.
TECK...

Hot Stocks

08:32 EDT Teck Resources, PolyMet Mining form copper nickel projects joint venture - Teck Resources (TECK) announced an agreement with PolyMet Mining Corp. (PLM) to form a 50:50 joint venture to advance PolyMet Mining Inc's NorthMet Project and Teck's Mesaba mineral deposit. The joint venture will be named NewRange Copper Nickel. Glencore plc (GLNCY) will retain its majority equity interest in PolyMet and provide financial support for its share of the funding commitment to the joint venture. Closing of the transaction will be subject to customary closing conditions, including receipt of all required regulatory approvals.
VXRT

Hot Stocks

08:32 EDT Vaxart reports phase 1 clinical data on its oral tablet COVID-19 vaccine - Vaxart reported additional phase 1 clinical data published on medRixv.org, indicating that its Spike/Nucleocapsid oral tablet COVID-19 vaccine induced long-lasting mucosal IgA antibodies against SARS-CoV-2 the virus that causes COVID-19, and all tested coronaviruses. The neutralizing activity of these IgA antibodies in responders was higher than that measured in convalescent samples. "One of the most important challenges with current COVID-19 vaccine strategies is that injected vaccines stimulate robust serum antibody responses against the Wuhan strain of SARS-CoV-2, but these responses quickly decline, and they are not as effective against the currently circulating viral variants. This has resulted in breakthrough infections in many people who have received injected vaccines," said the article's lead author, Dr. Sean Tucker, Vaxart's SVP and Chief Scientific Officer. "Our clinical study results showed that our vaccine candidate stimulates broadly cross-reactive mucosal IgA responses that persist for at least 6 months in most responders, and up to a year in a subset of them following just a single dose. Two key observations in this study were that vaccination induced a similar mucosal IgA response as seen in convalescent subjects, and that the vaccinated subjects appeared to have better neutralizing antibody potential in the mucosa than infected subjects. We are excited to explore these aspects in depth in future studies," he said.
PTNR

Hot Stocks

08:29 EDT Partner announces resignation of Tamir Amar as deputy CEO, CFO - Partner Communications reports that Tamir Amar, Deputy CEO, Chief Financial Officer & VP Fiber-Optics, has notified the CEO of his resignation from the company. The effective date of Tamir Amar's resignation as the company's Deputy CEO, Chief Financial Officer & VP Fiber-Optics has not yet been determined.
AYTU

Hot Stocks

08:27 EDT Aytu BioPharma initiates AR101 Phase 3 PREVEnt trial - Aytu BioPharma announced the initiation of the global Phase 3 PREVEnt clinical trial of enzastaurin for the treatment of patients with COL3A1-positive Vascular Ehlers-Danlos Syndrome. VEDS is a rare genetic disorder typically diagnosed in childhood and characterized by arterial aneurysm, dissection and rupture, bowel rupture and rupture of the gravid uterus. The company has begun patient identification and study site contracting and has received regulatory clearance to initiate this registrational study in the United States and numerous countries in Europe. The PREVEnt Trial is a prospective, Phase 3, global, randomized, double-blind, placebo-controlled efficacy trial designed to evaluate enzastaurin in patients with genetically confirmed COL3A1-positive VEDS. The primary measure of the trial is to determine whether enzastaurin reduces the occurrence of VEDS-related arterial events requiring medical intervention compared to placebo. The company expects to enroll approximately 260 COL3A1-confirmed VEDS patients in the PREVEnt Trial.
CUEN

Hot Stocks

08:26 EDT Cuentas issues shareholder report with company updates - Cuentas has issued a shareholder report with three major company updates: Cuentas, Inc. generated the largest revenue growth for e-commerce and digital content in company history following its purchase of 20% of the assets of SDI Black 011, a leader in the digital product and service distribution industry, in order to reach more bodegas and retailers. Cuentas has up to 90 days from contract to acquire the remaining 80% of SDI Black 011 assets. Cuentas, Inc. is in final negotiations to sign with a Texas-based issuing bank, opening a new business segment that would enable Cuentas users to acquire a secured credit card using Cuentas' mobile app and ecosystem. Cuentas, Inc. is in final negotiations with a cutting edge technology company to offer merchant services, cash reloads and state of the art POS devices to Cuentas' current distribution channels. The POS solution is currently installed and active in over 10,000 locations in the US. Augmenting these existing 10,000 retail locations with Cuentas' 31,000 bodegas will diversify and expand Cuentas' retail distribution network significantly. "These are three remarkable developments for our company, customers, and investors," says Arik Maimon, co-founder and Executive Chairman of Cuentas. "Such a massive leap in revenue is proof of the functionality of our ecosystem and the growing demand for Cuentas' services." He continued, "Our partnership with the Texas issuing bank would allow thousands of underbanked consumers to build credit, while our integration with the POS system will enable us to offer our products and services and potentially offer fast cash reloads on the Cuentas debit card through up to 31,000 bodegas. We are working diligently to maintain this positive trend in the months to come."
SMIT

Hot Stocks

08:25 EDT Schmitt Industries Inc trading halted, news pending
PLM

Hot Stocks

08:24 EDT Polymet Mining trading halted, news pending
SOPA

Hot Stocks

08:22 EDT Society Pass announces acquisition of Mangan,ph - Society Pass Incorporated announces the acquisition of Mangan.ph, the leading local restaurant delivery service in Philippines. Founded in 2017, Mangan delivers restaurant food from over 1,200 partner restaurants through its over 200 rider network to its over 500,000 registered users. Operating in Pampanga, Mangan's geographic reach extends to 16 other cities including Angeles City, San Fernando, Clark, Dau, Mabalacat, Guagua, Lubao, Tarlac, Bataan, Magalang, Pasig, Cabanatuan, Baguio, Lipa Batangas, Antipolo City, and Dagupan City. Society Pass Philippines Country Manager, Arbie Pagdangan, explains, "We enthusiastically welcome Mangan into SoPa's growing loyalty and data ecosystem. We combine the robust technology and operational efficiency of Mangan with our own brand building expertise. Combined with Pushkart, which delivers grocery food to consumers in Metro Manila, and Mangan's operating focus in the provinces, SoPa is creating a food delivery behemoth to serve the 115 million people of Philippines. SoPa aims to double the number of registered users to over 800,000 and drive app downloads to over 200,000 by the end of 2023. We look forward to building out our next generation loyalty platform as well as opportunistically acquiring market leading companies in F&B, lifestyle, digital advertising and travel verticals in Philippines for the rest of 2022."
OTMO

Hot Stocks

08:21 EDT Otonomo Technologies updates Otonomo app on Salesforce AppExchange - Otonomo Technologiesannounced it has updated the Otonomo App on Salesforce AppExchange, providing customers new ways to unlock access to accurate mobility data-for single vehicles as well as entire fleets- Salesforce Sales Cloud and Service Cloud. The latest version will utilize multi-faceted functionality that allows customers to build upon workflows, trigger specific actions, access distance and dispatch data, execute geofencing, and driver safety capabilities. Built on the Salesforce Platform, the Otonomo App is currently available on AppExchange.
HEOFF

Hot Stocks

08:20 EDT H2O Innovation's Piedmont business line joins PWT, Genesys - H2O Innovation announces that its Piedmont business line is joining PWT and Genesys to create a unique H2O Innovation business line dedicated to specialty chemicals, consumables and components. "The consolidation of the supply of our chemicals, consumables, and components brands under one commercial team will allow us to leverage the synergies between our sales team and our distribution network while maintaining the product branding to better support our distributors and customers around the world. The management of this new, larger and stronger team will be in good hands under the leadership of Ties Venema who has successfully led the incredible growth of Piedmont over the last few years," said Frederic Dugre, President and Chief Executive Officer of H2O Innovation.
NMG

Hot Stocks

08:19 EDT Mason Graphite closes transactions with Nouveau Monde - Mason Graphite announced the initial closing of the previously announced transactions contemplated under the investment agreement dated May 15, 2022 between the Company and Nouveau Monde Graphite. Pursuant to the Investment Agreement, Mason Graphite has entered into an option and joint venture agreement with Nouveau Monde. Concurrently with the execution of the OJV Agreement, Mason Graphite and Nouveau Monde have completed the private placement of 5.0 million common shares of the Company to Nouveau Monde at a price of $0.50 per Inital Share for gross proceeds to the Company of $2.5 million. The Company intends to use the net proceeds from the sale of the Initial Shares to fund agreed expenses on the Lac Gueret property pursuant to the OJV Agreement. The Initial Shares will be subject to a four-month hold period pursuant to applicable securities laws.
AIM

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08:19 EDT AIM reports additional patient data from single-center named patient program - AIM ImmunoTech reported follow-on data from its previously published single-center named patient program. For the study, patients with locally advanced pancreatic cancer or metastatic disease were treated following FOLFIRINOX. The enrollment of additional patients in the Early Access Program, EAP, was approved by the Inspectorate of Healthcare in the Netherlands and new patients have been treated at Erasmus M.C. In addition, AIM has evaluated the initial data reported from Erasmus for both metastatic and LAPC patient populations, analyzing the subset of patients with LAPC. While the predominance of the data collected by Erasmus is in metastatic cancer and that data show high statistical significance, a small cohort of five LAPC patients also exhibited marked improvement with the Ampligen maintenance therapy. The overall survival from the start of FOLFIRINOX therapy of two of the patients was 34 and 43 months and one patient was still surviving at the last reported checkup in April 2022 at 54 months. AIM Chief Executive Officer Thomas Equels added, "As we progress in the immuno-oncology development of Ampligen, there has been a lot of intention and thoughtfulness related to our selection of LAPC as our primary indication target. We believe that the LAPC standard of care, FOLFIRINOX or gemcitabine + nab-paclitaxel, followed by simple observation with no additional therapy until progression, allows for a much clearer comparison to the randomized control, in contrast to a multi-faceted primary standard of care for metastatic pancreatic cancer patients. This provides an opportunity to investigate Ampligen's effect more accurately on pancreatic cancer in the LAPC patients in the United States. Now more than ever, we are dedicated to progressing this program forward with the hope of bringing significant benefit to LAPC patients on a global scale." Based on the data demonstrated to date, the Company is advancing the development of Ampligen in a Phase 2 study to evaluate its potential as a therapy for locally advanced pancreatic cancer. AMP-270 is planned to be a randomized, open-label, controlled, parallel-arm study with the primary objective of comparing the efficacy of Ampligen versus a no treatment control group following FOLFIRINOX for subjects with locally advanced pancreatic adenocarcinoma. Secondary objectives include comparing safety and tolerability.
LMAO

Hot Stocks

08:18 EDT SeaStar Medical submits HDE application to FDA for SCD in children - SeaStar Medical and LMF Acquisition Opportunities announced SeaStar Medical has submitted its application to the U.S. Food and Drug Administration for Humanitarian Device Exemption for use of the Selective Cytopheretic Device for critically-ill children with acute kidney injury. The FDA informed SeaStar Medical that it has accepted the application and will begin its review. The SCD is an extracorporeal device designed to be used as an adjunct therapy with continuous renal replacement therapy to improve the outcomes of pediatric patients with AKI. The HDE application submission to the FDA is based on findings from SeaStar Medical's Pilot Study of pediatric patients with AKI. This study demonstrated that the SCD was safe for use in pediatric patients.
LTBR

Hot Stocks

08:17 EDT Lightbridge announces it signed a MOU with Curio - Curio announced the signing of a Memorandum of Understanding, MOU, with Lightbridge as an industry partner and potential off-taker of products produced through Curio's TRUfuel technology. This collaboration is vital as both Curio and Lightbridge work to develop nuclear technologies that will be key to ushering in the second nuclear era for future generations. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, "We are excited to enter into this agreement with Curio as we explore future government funding opportunities relating to Curio's TRUfuel technology and potential use of such transuranic material as feedstock material in Lightbridge-designed metallic fuel rods to power existing large reactors and coming small modular reactors. Lightbridge is well-aligned with support the U.S. government provides to develop advanced nuclear technologies that can help the existing large and small modular reactors, with two prior GAIN voucher awards from the Department of Energy. Together with Curio, we look forward to pursuing opportunities to further our respective technologies."
IONQ

Hot Stocks

08:16 EDT IonQ announces expansion with first European and Israeli entities - IonQ announced the creation of its first European and Israeli entities in support of growing regional investments in quantum computing. The German and Israeli-based entities, IonQ GmBH and IonQ Israel LTD, will provide IonQ's industry-leading quantum systems to various European companies, states, and governments. "With our new German and Israeli presence, we believe IonQ is well positioned to support global commercial partners as they take advantage of our world-class, trapped-ion systems for a multitude of industries," said Peter Chapman, President and CEO, IonQ. "By incorporating in Germany and Israel, we are taking steps to truly embed ourselves within the European and Israeli tech ecosystem, democratizing access to quantum and creating new pathways to pursue curiosity. We are being clear - IonQ has a long-term commitment to the regions." To lead the new German and Israeli entities, IonQ has hired Noam Zakay as its new Managing Director, IonQ GmBH. Noam joins IonQ after working as a Business Development Executive at IBM for nearly three decades, where he most recently served as the Program Director of IBM Quantum Europe. Noam is based out of Haifa, Israel and will oversee business development and sales throughout the region.
CDLX

Hot Stocks

08:14 EDT Cardlytics appoints Temsamani as Chief Executive Officer - Cardlytics announced that its Board of Directors has named Karim Temsamani as Chief Executive Officer of the company, effective September 1, 2022. Temsamani will also be joining the Board of Directors. He will succeed co-founder and current CEO, Lynne Laube, who has announced her intention to retire. Laube will continue to serve on the Board until its 2023 annual meeting of stockholders and will remain a strategic advisor until May 2024 to ensure a smooth transition. Temsamani joins Cardlytics from Stripe where he most recently served as Head of Global Partnerships.
FRSH

Hot Stocks

08:13 EDT Freshworks announces Summer '22 Product Launch - Freshworks announced its Summer '22 Product Launch - a collection of customer and employee engagement innovations to power smarter conversations everywhere. Now available in Freshworks Summer '22 Product Launch - FreshchatAI bot-assisted conversational messaging joins Freshmarketer and Freshsales on the Freshworks' unified customer record architecture. This collection improves customer engagement by unifying messaging channels on a single platform for more intelligent and more productive interactions between customers and employees.
BBI

Hot Stocks

08:13 EDT Brickell Biotech regains compliance with Nasdaq minimum bid price requirement - Brickell Biotech announced that it received formal notice from The Nasdaq Stock Market stating that Brickell has regained compliance with the minimum bid price requirement for continued listing on Nasdaq and, accordingly, the scheduled hearing has been canceled and Brickell's common stock will continue to be listed and traded on Nasdaq.
BMO

Hot Stocks

08:13 EDT BMO Financial Group to acquire Radicle Group, terms not disclosed - BMO Financial Group announced that it has entered into a definitive agreement to acquire Radicle Group, a Calgary-based company in sustainability advisory services and solutions, and technology-driven emissions measurement and management. The transaction is subject to receipt of required regulatory approvals and other customary conditions. It is expected to close by the end of calendar 2022. Terms were not disclosed.
STM VWAGY

Hot Stocks

08:12 EDT Volkswagen's CARIAD, STMicroelectronics to co-develop chip for vehicles - New cooperation model for software-defined cars: CARIAD, the software unit of Volkswagen Group (VWAGY), and STMicroelectronics (STM) will shortly launch the joint development of an automotive system-on-chip, SoC. Together, CARIAD and ST are developing tailored hardware for connectivity, energy management, and over-the-air updates making vehicles fully software-defined, secure, and future-proof. The planned cooperation targets the new generation of Volkswagen Group vehicles that will be based on the unified and scalable software platform. At the same time, the parties are moving to agree that TSMC will manufacture the SoC wafers for ST. As part of its semiconductor strategy, CARIAD will enter into direct relationships with semiconductor suppliers at the Tier 2 and Tier 3-level for the Volkswagen Group for the first time. In the future, CARIAD plans to direct Tier 1 suppliers of the Group to use only the SoC co-developed with ST and ST's standard Stellar microcontroller for CARIAD's zone architecture.
ALVO

Hot Stocks

08:12 EDT Alvotech initiates pharmacokinetic study for AVT03 - Alvotech announced the initiation of a pharmacokinetic study for AVT03, a biosimilar candidate to Prolia and Xgeva. The clinical study will assess the pharmacokinetics, safety and tolerability of AVT03 compared to Prolia in healthy adult male subjects.
QRVO

Hot Stocks

08:10 EDT Qorvo UWB solutions certfied for Apple U1 interoperability - Qorvo announced it has completed MFi certification of interoperability for its Ultra-Wideband solutions with the Apple U1 chip used in supported iPhone and Apple Watch models. Qorvo UWB solutions comply with the Nearby Interaction accessory protocol and allow developers to easily design new commercial UWB-enabled accessories that leverage the advanced location, direction and distance capabilities of U1-equipped iPhone or Apple Watch models.
IPAR GIII

Hot Stocks

08:10 EDT Inter Parfums in deal with G-III Apparel as licensee for Donna Karan and DKNY - Inter Parfums (IPAR) announced that it has closed its agreement with G-III Apparel Group (GIII) to become the exclusive worldwide licensee for the Donna Karan and DKNY fragrance brands as of July 1. Jean Madar, Chairman and Chief Executive Officer of Inter Parfums, Inc., stated, "We are excited to complete this transaction with these established and valuable fragrance brands, Donna Karan and DKNY... Morris Goldfarb, Chairman and CEO of G-III Apparel Group, Ltd., parent of the Donna Karan and DKNY brands, stated, "We are proud of our brands' best-in-class fragrances that have extended their reach beyond fashion by connecting to a broader range of consumers globally. Inter Parfums' exceptional capability to develop fragrances and enhance portfolios with their significant worldwide distribution will work hand-in-hand with us to position Donna Karan and DKNY for further global expansion. We're looking forward to our partnership with Inter Parfums to grow these businesses together."
AIR

Hot Stocks

08:09 EDT AAR Corp. announces Chairman Storch to retire, Holmes to succeed - AAR Corp. announced that its Chairman, David Storch, will retire from its Board of Directors effective January 10, 2023. The Board of Directors has appointed John Holmes, President and CEO of AAR CORP., as Chairman of the Board effective upon Storch's retirement and subject to Holmes' reappointment to the Board following the 2022 annual meeting.
VERB

Hot Stocks

08:09 EDT Verb Technology to host Shopfest livestream shopping event - Verb Technology Company will host Shopfest, a 3-day livestream shopping event taking place July 26, 27 and 28 to mark the launch of MARKET, VERB's new 24/7 social shopping and livestream commerce platform where shoppers can explore hundreds of livestream shoppable stores, with more added every day.
KTOS

Hot Stocks

08:08 EDT Kratos Defense awarded contract from U.S. Army for SATCOM modernization - Kratos Defense & Security Solutions was awarded a contract from the U.S. Army's Combat Capabilities Development Command to demonstrate a virtualized SATCOM ground system. Based upon Kratos' OpenSpace Platform, the solution will enable the government to field SATCOM networks in line with modernization goals including streamlining gateway and remote terminal capabilities supported by multiple vendors, reducing life-cycle costs and supporting adaptive, dynamic space operations. Funding for this award was through the Network Command, Control, Communication, and Intelligence Cross-Functional Team established by the Army's Future Command.
SRTS

Hot Stocks

08:07 EDT Sensus Healthcare announces expansion of relationship with CSU - Sensus Healthcare announces the expansion of its relationship with Colorado State University, CSU, College of Veterinary Medicine and Biomedical Studies with the acquisition of a second SRT-100 system by CSU. Studies at CSU's new Johnson Family Equine Hospital in Fort Collins are expected to be conducted primarily in ophthalmic indications. "We are excited to continue our relationship with Sensus Healthcare and look forward to expanding our work to include horses," said Kathryn Wotman, Assistant Professor at CSU. Commenting on the agreement, John Heinrich, Ph.D., member of the Sensus Healthcare board of directors and the key relationship contact with CSU, added, "We are delighted to expand our relationship with the Colorado State School of Veterinary Medicine with a second SRT system. The recent dedication of the Johnson Family Equine Hospital provides an ideal environment for the cooperative implementation and validation of equine oncological applications of our technology."
EB

Hot Stocks

08:07 EDT Eventbrite announces John Adcock as chief people officer - Eventbrite announced it has hired John Adcock as chief people officer. Reporting directly to the CEO, Adcock will lead all people functions at the company including talent acquisition, development and retention, people operations, and total rewards. Adcock has more than 25 years of experience leading and scaling HR teams at RetailMeNot, HomeAway, Dell and American Airlines. Most recently, Adcock served as senior VP of people at Care.com.
STRN

Hot Stocks

08:06 EDT Stran & Company launches expanded sales, marketing strategy - Stran & Company announced the launch of an expanded sales and marketing strategy. Stran is establishing a dedicated lead generation team comprised of experienced industry veterans, as well as increasing its digital marketing to capitalize on the demand for the Company's products and services.
LNG

Hot Stocks

08:06 EDT Cheniere Energy in long term LNG sale and purchase pact with PetroChina unit - Cheniere Energy announced that its wholly-owned subsidiary, Cheniere Marketing, has entered into a long-term liquefied natural gas sale and purchase agreement, SPA, with a subsidiary of PetroChina. Under the SPA, PetroChina subsidiary PetroChina International Company Limited has agreed to purchase up to approximately 1.8 million tonnes per annum of LNG from Cheniere Marketing on a free-on-board basis. Deliveries under the SPA will begin in 2026, reach the full 1.8 mtpa in 2028, and continue through 2050. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee. Half of the total volume, or approximately 0.9 mtpa, 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 3 Project. "We are pleased to build upon our existing and successful long-term relationship with PetroChina and sign our first LNG contract that crosses over into the second half of this century," said Jack Fusco, Cheniere's President and Chief Executive Officer. "PetroChina is a leading energy company in one of the largest and fastest growing markets for LNG. This SPA increases Cheniere's long-term sales to PetroChina to approximately 3 mtpa, and we are proud to support China's progress toward a lower-carbon future with our reliable, cleaner burning LNG." Commenting on the agreement, Mr. Tian Jinghui, Executive Chairman of PCI stated "Natural gas continues to play a vital role in enabling energy transition in China. We are pleased to further expand our cooperation with Cheniere in delivering LNG, one of the cleanest fuel choices to our millions of customers for many years to come."
NTR

Hot Stocks

08:05 EDT Nutrien to acquire Casa do Adubo, terms undisclosed - Nutrien announced that it has entered into an agreement to acquire Brazilian company Casa do Adubo. The acquisition includes 39 retail locations, under the brand Casa do Adubo, and 10 distribution centers, under the brand Agrodistribuidor Casal, in the states of Acre, Bahia, Espirito Santo, Maranhao, Mato Grosso, Minas Gerais, Para, Rio de Janeiro, Rondonia, Sao Paulo and Tocantins. The transaction supports Nutrien's Retail growth strategy in Brazil. The acquisition of Casa do Adubo is expected to result in additional run-rate sales of approximately $400M, increasing total Nutrien Ag Solutions annual sales in Latin America to approximately $2.2B. Upon completion of the acquisition of Casa do Adubo, Nutrien expects to surpass its stated target of $100M of adjusted EBITDA in Brazil by 2023. The transaction is pending approval from the Administrative Council for Economic Defense, or CADE, in Brazil. Subject to approval and completion of the acquisition, Nutrien will have 180 commercial units in Latin America, including customer-facing retail branches and experience centers, five industrial plants and four fertilizer blenders. In addition, Nutrien will have more than 3,500 employees in the region, including more than 700 crop consultants serving growers in Argentina, Brazil, Chile, and Uruguay.
FSTX TAK

Hot Stocks

08:05 EDT F-star Therapeutics announces license agreement with Takeda - F-star Therapeutics (FSTX), operating through its subsidiary, F-star Therapeutics, announced that it has entered into a license agreement with Takeda (TAK). Under the terms of the agreement, F-star will grant Takeda a worldwide, exclusive royalty-bearing license to research, develop, and commercialize a bispecific antibody against an immuno-oncology target using F-star's proprietary Fcab and mAb2 platforms. Takeda will be responsible for all research, development, and commercialization activities under the agreement. F-star will receive an upfront license fee of $1M. F-star is also eligible to receive future development and commercialization milestone payments up to approximately $40M over the course of the agreement if all milestones are achieved, plus single-digit percentage royalties on annual net sales. Neil Brewis, Ph.D., Chief Scientific Officer of F-star said, "At F-star, we are committed to working towards a cancer-free future and are delighted to partner with Takeda towards a shared goal of developing immunotherapeutics so that more people with cancer can live longer with improved lives. We believe there is enormous potential for our mAb2 platform to produce multiple next-generation bispecific antibody therapeutics beyond our current proprietary pipeline and this agreement with Takeda represents F-star's long-term commitment to realising this potential through partnerships."
PROK AZN

Hot Stocks

08:05 EDT ProKidney appoints Kerry Cooper as SVP, medical affairs - ProKidney Corp. (PROK) announces the appointment of nephrologist Kerry Cooper, M.D. as Senior Vice President of Medical Affairs. Dr. Cooper, who will report to CMO Libbie McKenzie, joins ProKidney from AstraZeneca (AZN), where he was Vice President, U.S. Medical Affairs Renal Division.
UNVR

Hot Stocks

08:05 EDT Univar's NexusBioAg, MustGrow Biologics partner on distribution in Canada - Univar Solutions announced that NexusBioAg, a division of Univar Solutions, and MustGrow Biologics, an agricultural biotechnology company focused on providing science-based biological solutions for high-value crops, have reached an exclusive marketing and distribution agreement in the Canadian canola and pulse market for TerraMG, a mustard-derived soil biopesticide technology. The addition of this plant-based technology further diversifies and expands NexusBioAg's extensive portfolio of inoculants, micronutrients, nitrogen stabilizers and foliars for the Canadian agricultural market.
ETSY

Hot Stocks

08:04 EDT Etsy names Kruti Patel Goyal CEO of Depop, Nick Daniel CPO of Etsy - Etsy announced that Kruti Patel Goyal, currently Etsy's Chief Product Officer, has been named CEO of its subsidiary Depop, a global fashion resale marketplace, effective September 12, 2022. Maria Raga, Depop's current CEO, has resigned to pursue personal ventures, but will remain with Depop in an advisory capacity until September 30, 2022 to facilitate a smooth transition. With Kruti's transition to her new role, Etsy has promoted Nick Daniel, Vice President of Product Management, to Chief Product Officer. Etsy, Inc. Chief Executive Officer Josh Silverman commented, "Depop is a highly-relevant and authentic re-commerce brand that we believe is still early in its growth lifecycle. I have no doubt Kruti is the right leader for Depop's next chapter as we focus on nurturing its passionate community and improving the customer experience. She has guided Etsy through periods of significant transformation, with a proven track record of motivating teams to deliver results and advance our mission." Both Kruti and Nick will report to Etsy CEO Josh Silverman, and Nick will join Etsy's executive team.
RYTM

Hot Stocks

08:04 EDT Rhythm Pharmaceuticals announces early access authorization for setmelanotide - Rhythm Pharmaceuticals announced that the French National Agency for Medicines and Health Products Safety, ANSM, and Haute Autorite de sante, HAS, have granted pre-marketing authorization AP1, for IMCIVREE, an MC4R agonist, for patients with genetically-confirmed Bardet-Biedl syndrome for the treatment of obesity and the control of hunger. AP1 allows for early access to innovative therapies in France prior to regulatory approval when a positive benefit/risk ratio is recognized and when no other therapeutic alternatives are available. "We are delighted to announce that the French regulatory authorities granted AP1 status to setmelanotide, making it available for patients with BBS living with hyperphagia and severe obesity," said Yann Mazabraud, Executive Vice President and Head of International at Rhythm. "We look forward to collaborating with the broad and established network of French BBS experts to deliver setmelanotide to patients living with BBS in France, as we work to transform the care of patients with BBS globally."
GROM

Hot Stocks

08:04 EDT Grom Educational Services rolls out updated Digital Citizenship Licensing course - Grom Educational Services is rolling out an updated Digital Citizenship Licensing course available for K-12 school customers nationwide who utilize the company's web filter solution as the new academic year commences.
MEC

Hot Stocks

08:03 EDT Mayville Engineering appoints Jagadeesh Reddy as CEO - Mayville Engineering announced the appointment of Jagadeesh Reddy as president and CEO and as a director of the company, effective July 19. The company also appointed Timothy Christen to the role of non-executive chair of the board, effective July 19. Christen has been a member of the MEC board of directors since June 2016 and currently serves on the audit and nominating and corporate governance committees.
FDS

Hot Stocks

08:03 EDT FactSet launches FactSet for CRM on Salesforce AppExchange - FactSet announced it has launched FactSet for CRM on Salesforce AppExchange, empowering clients to enhance pipeline visibility by enabling users to monitor news, company events, and other market intelligence notifications on current and potential clients. In addition to the FactSet for CRM managed application, FactSet can deliver data directly into clients' instances of Salesforce via data feeds and APIs.
EIGR

Hot Stocks

08:03 EDT Eiger BioPharmaceuticals receives European approval for Zokinvy - Eiger BioPharmaceuticals announced the European Commission has granted marketing authorization for Zokinvy, a first-in-class breakthrough therapy for children and young adults with Hutchinson-Gilford progeria syndrome and processing-deficient progeroid laminopathies. The EC authorization follows the positive opinion granted by European Committee for Medicinal Products for Human Use in May 2022 which was based on the positive results of two pivotal clinical trials demonstrating that Zokinvy, an oral disease-modifying agent which targets the cause of progeria, lowered the risk of death in children by 72%, and extended life by an average of 4.3 years in children and young adults with HGPS.
PTCT

Hot Stocks

08:02 EDT PTC Therapeutics says Upstaza granted marketing authorization by EC - PTC Therapeutics announced that Upstaza was granted marketing authorization by the European Commission. Upstaza is the first approved disease-modifying treatment for aromatic L-amino acid decarboxylase deficiency and the first marketed gene therapy directly infused into the brain. It is approved for patients 18 months and older. The marketing authorization is applicable to all 27 European Union member states, as well as Iceland, Norway and Liechtenstein.
SLNO

Hot Stocks

08:02 EDT Soleno Therapeutics provides regulatory update on DCCR - Soleno Therapeutics provided an update following recent communications with the U.S. Food and Drug Administration regarding the development of once-daily DCCR extended-release tablets for the treatment of Prader-Willi syndrome. Following a recent meeting, the FDA acknowledged that data from a proposed randomized withdrawal phase of Study C602 would have the potential to address its concerns regarding the adequacy of the overall efficacy data supportive of a New Drug Application submission for DCCR. Earlier this year, Soleno submitted a proposal to add a randomized withdrawal period to Study C602 in order to obtain additional controlled data requested by the FDA to support an NDA. This randomized withdrawal phase would consist only of participants currently enrolled in Study C602 and not include any new patients. The Company continues to work collaboratively with the FDA to finalize specific details of the study design and plans to initiate the randomized withdrawal period in the current quarter, with top-line data expected in the first quarter of 2023. "We are pleased to continue our constructive dialogue with the FDA. This randomized withdrawal period may enable us to obtain the data needed to support an NDA in an efficient and timely manner," said Anish Bhatnagar, M.D., Chief Executive Officer of Soleno Therapeutics. "We appreciate the continued support of the participants and families in Study C602 in helping move the DCCR development program forward."
AUSAF

Hot Stocks

07:40 EDT Australis Capital completes submission to City of Millville, New Jersey - Australis Capital announced that the Company continues to execute on its entry into the New Jersey adult use market. Two key conditions to graduate from provisional to full adult use state license are for the Company to secure appropriate building & land, as well as municipal approval for the establishment of a cannabis business on the designated premises. First condition: The Company has entered into an agreement for the lease of 105,000 square feet of space for a cannabis grow facility in the municipality of Millville, NJ. Under the regulations, the cultivation license allows for a facility with a maximum canopy area of 50,000 sq ft. The licenses will enable the Company to introduce its award-winning brands to the New Jersey market. Effecting the lease is contingent upon the Company being awarded its full license, as well as meeting all municipal and state requirements. Second Condition: The Company is also pleased to announce that it has completed the submission of its application to the City of Millville for municipal approval for the establishment of a cannabis operation at the leased premises. Per its earlier release, the Company intends to construct an Achieve Series facility, which is an all-inclusive indoor facility with the industry's most efficient cannabis-proven LED lighting. The Achieve series was launched in 2021 by ALPS, the Company's majority owned subsidiary. ALPS is a leader in controlled environment agriculture, facility design, delivery, commissioning and post start-up services. The planned facility features a mother room, clone room, veg room, and flower rooms capable of producing 43,000+ pounds of dry flower a year. The Achieve series takes growing to another level while saving on energy costs. The facility is designed with efficiency in mind through a sophisticated nutrient delivery system combined with a high level of automation. This facility will feature an automated benching system for the highest possible efficiency in logistics, benefitting transplant and harvesting greatly. Multiple SKUs can easily be manufactured as the facility includes ample space for dedicated manufacturing. Cultivation and manufacturing systems will be GMP compliant and will address state and municipal safety requirements.
FCN

Hot Stocks

07:40 EDT FTI Consulting launches digital advertising, consent management privacy solution - FTI Consulting announced that the firm's Technology segment has launched a new suite of solutions within its Information Governance, Privacy & Security practice to address the growing risks at the intersection of digital advertising and data privacy regulation. FTI Technology's integrated suite of Advertising Technology Privacy solutions will help clients navigate emerging data privacy challenges in digital advertising and online consent management.
HTHT

Hot Stocks

07:38 EDT H World says Q2 RevPAR only recovered to 69% of 2019 level - The company said, "For our Legacy-Huazhu business, the large-scale outbreak of Omicron variant in China since early-March 2022 led to massive lockdown in various cities and sharp decline in the demand for both business and leisure travel. As a result, our RevPAR in Q2 2022 only recovered to 69% of the 2019 level. Breaking down into each month, April and May 2022 were the hardest-hit with RevPAR only having recovered to 53% and 65% of the 2019 levels respectively. However, RevPAR recovery improved in June 2022 to 86% of the 2019 level due to gradual lift of lockdown since late May 2022. In addition, if we consider the impacts of requisitioned hotels, our RevPAR recovery in Q2 2022 would have been 75% of the 2019 level. Steigenberger Hotels AG and its subsidiaries have seen an accelerating RevPAR recovery in Q2 2022. While RevPAR in March 2022 was 35% lower than the 2019 level, June 2022 RevPAR was only 1% behind that of 2019. However, against the background of surging inflation in Europe and the resulting substantial increase in costs as well as uncertainties about the future development of COVID-19 and energy supplies, DH has been focusing on cash flow improvement measures. As a consequence, DH will continue to focus on efficiency improvements, re-negotiation of lease contracts, and personnel cost optimization."
CRKN

Hot Stocks

07:36 EDT Crown Electrokinetics prices underwritten public offering of common stock - Crown Electrokinetics announced the pricing of an underwritten public offering of 1,250,000 shares of its common stock at a price of $0.80 per share, resulting in gross proceeds of $1,000,000. The Company has also granted to the underwriters a 30-day option to acquire an additional 187,500 shares to cover overallotments in connection with the offering. The offering is expected to close on June 22, 2022, subject to satisfaction of customary closing conditions. Roth Capital Partners is acting as sole manager for the offering. Crown intends to use the net proceeds from this offering for general corporate purposes, including, without limitation, general working capital.
NCNO

Hot Stocks

07:36 EDT nCino's SimpleNexus announces OSB Community implemented Nexus Closing - SimpleNexus, an nCino (NCNO) company, announced that OSB Community Bank, a subsidiary of Ottawa Bancorp, has implemented SimpleNexus' Nexus Closing to facilitate hybrid closings. The bank will leverage Nexus Closing alongside Nexus Engagement and Nexus Origination- tools the bank has used for six years - to facilitate a 'from anywhere' borrower experience from application to closing. Nexus Engagement helps lenders and real estate agents develop relationships with early-stage homebuyers through tools such as integrated home search, instant chat and payment calculators. Nexus Origination is a comprehensive point of sale platform that enables borrowers to fill out loan applications, eSign documents, check loan status updates and pay mortgage-related charges through a feature called Nexus Pay. Nexus Closing supports all types of mortgage closings, from traditional to hybrid to full eClosings. The entire SimpleNexus suite can be accessed by borrowers, lenders and other authorized stakeholders from anywhere through a single, sign-on portal.
ABT

Hot Stocks

07:36 EDT Abbott reports Q2 Worldwide Medical Devices sales up 2.5% on reported basis - Worldwide Medical Devices sales increased 2.5% on a reported basis and 7.5% on an organic basis in the second quarter. Sales growth was negatively impacted by reduced cardiovascular and neuromodulation procedure volumes as a result of recent surges of COVID-19 in several geographies, healthcare staffing challenges and lockdowns in China that were implemented to control the spread of the virus. In Diabetes Care, FreeStyle Libre sales were approximately $1.1B in the quarter, which represents sales growth of 18.7% on a reported basis and 25.6% on an organic basis.
ABT

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07:34 EDT Abbott: FY22 guidance includes projected COVID-19 testing-related sales of $6.1B - 2022 guidance includes projected COVID-19 testing-related sales of $6.1B, which includes sales of $5.6B through June 2022 and projected sales of $500M over the next few months.
AVCNF

Hot Stocks

07:34 EDT Avicanna, Ei.Ventures enters into agreement to develop fungi-based products - Avicanna announces that the Company has entered into an Intellectual Property Licensing & Royalty Agreement, PLRA, with Ei.Ventures to develop and commercialize functional fungi-based products. "Over the past six years our team established a scientific platform that has led to the commercialization of several products across international commercial channels in the regulated cannabis industry. As a part of our continued growth, we are thrilled to be entering into this agreement where our goal will be to demonstrate our scientific capabilities across alternative natural products and developing new fungi-based functional products. We look forward to working towards developing the new products in the nutraceutical area in a standardized and evidence-based way, as we have with our initial cannabinoid-based products." stated Aras Azadian, CEO of Avicanna. The initial focus of the research and development efforts will be on functional, apoptogenic, fungi-based formulations in the form of consumer friendly and single dosed products. The new product development efforts are to be led by Avicanna's R&D team, leveraging the company's existing scientific platform and proprietary delivery systems to develop appropriately dosed and synergistic formulations.
SPSC

Hot Stocks

07:33 EDT SPS Commerce acquires GCommerce for $45M in cash - SPS Commerce announced the acquisition of GCommerce. "We are excited about the acquisition of GCommerce, a software solution provider known for its expertise in the automotive aftermarket industry," said Archie Black, CEO of SPS Commerce. "We are pleased to welcome GCommerce employees and customers to the SPS Commerce community, and I am looking forward to capitalizing on our joint passion for innovation and focus on excellent customer experience." Under the terms of the agreement and plan of merger, SPS Commerce acquired GCommerce for approximately $45 million in cash. For the third quarter of 2022, SPS Commerce anticipates the acquisition will add approximately $1 million of revenue and expects Adjusted EBITDA to be negatively impacted by approximately $300,000. For fiscal year 2022, the Company expects the acquisition will add approximately $2.5 million in revenue and expects Adjusted EBITDA to be negatively impacted by approximately $300,000. The Company expects the acquisition to contribute approximately $7 million in revenue and approximately $2.5 million in Adjusted EBITDA in fiscal year 2023.
ABT

Hot Stocks

07:33 EDT Abbott reports Q2 Worldwide Diagnostics sales up 33.1% on a reported basis - Worldwide Diagnostics sales increased 33.1% on a reported basis and 36.9% on an organic basis in the second quarter. Global COVID-19 testing-related sales were $2.3B in the quarter, led by sales of testing products in Rapid Diagnostics.
ABEO

Hot Stocks

07:31 EDT Abeona Therapeutics regains complains with Nasdaq listing requirement - Abeona Therapeutics announced that it received notice from The Nasdaq Stock Market on July 19, 2022 informing Abeona that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. In order to regain compliance with the Rule, the Company's common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. That requirement was met on July 18, 2022.
LPSIF

Hot Stocks

07:28 EDT Legend Power's SmartGATE selected for GSA Green Proving Ground - Legend Power announced it has agreed to provide SmartGATE Systems to the United States General Services Administration for evaluation as part of GSA's Green Proving Ground program. GSA operates approximately 1,800 federally owned buildings. Under the agreement, Legend Power Systems will provide multiple SmartGATES to demonstrate the full capabilities and energy savings of the SmartGATE Platform. The purpose of the program is to aid in the development of specifications and standards for GSA's real estate portfolio.
NGS

Hot Stocks

07:27 EDT Natural Gas Services announce commitment to electrification of compression fleet - Natural Gas Services Group announced, as a component of its ongoing commitment to environmental stewardship and to become a leader in energy transition efforts, a program to convert up to 100 compressor packages from combustible gas engines to electric motors over the course of the next three-to-six months. The initial conversions will focus on repurposing existing compression packages in the 200-250 horsepower range where the Company believes there is significant demand for electric units. The electrification of a current combustion engine compressor is expected to cost approximately $45,000 - $60,000 and take up to one month to complete. Funding for the conversions will come from cash on hand. The Company will provide an update on the progress of the electrification program on its second quarter earnings call to be scheduled for mid-August.
ONDS

Hot Stocks

07:24 EDT Ondas' American Robotics adds capabilities to Scout System drone - Ondas Networks and American Robotics announced that American Robotics has added new capabilities to its autonomous Scout System drone to enable current and future oil and gas customers to automate visual inspection of oil and gas facilities and assets. The new high-resolution RGB and thermal camera payloads will facilitate frequent, high-value inspections of upstream and midstream oil and gas assets.
ACON

Hot Stocks

07:22 EDT Aclarion launches Economic Value Analysis study for nociscan - Aclarion announced the launch of the Economic Value Analysis of Low back pain study; a rigorous healthcare economic study to assess the impact of the Nociscan solution on the cost of care for patients suffering from chronic low back pain. The University of California at San Francisco and the Center for Disruptive Musculoskeletal Innovations, which is funded by the National Science Foundation, is conducting the study using outcomes data from previously published clinical studies. Initial findings from the EVAL study are expected to be released in Q4 2022. The Company expects results of this study to provide strong economic support for the utilization of Nociscan in the assessment of CLBP and to use this data to accelerate coverage decisions from insurance companies and self-insured employers.
TRHC

Hot Stocks

07:20 EDT Indaba Capital issues letter to Tabula Rasa HealthCare board regarding refresh - Indaba Capital Management, which is the largest shareholder of Tabula Rasa HealthCare with an ownership interest of approximately 19.99% of the company's outstanding shares, issued an open letter to the independent members of the company's board of directors. The letter said, "As you know, Indaba is Tabula Rasa's largest shareholder and holds nearly five times the number of shares owned by the current Board. We feel our sizable ownership interest and strong alignment with fellow shareholders position us to help you fix the Company's abysmal corporate governance, dysfunctional boardroom and sustained underperformance. This is why we sought to collaborate with you following the 2022 Annual Meeting of Shareholders, whereat there were resounding "withhold" votes for Chief Executive Officer and Chairman Dr. Calvin H. Knowlton, President and Director Dr. Orsula V. Knowlton and Lead Independent Director A. Gordon Tunstall.1 Unfortunately, our private interactions with you over the past several weeks indicate the Board is far more focused on protecting the Knowltons and Mr. Tunstall than facilitating long-overdue governance improvements sought by shareholders. Your apparent deference to conflicted insiders and unwillingness to engage in good faith have now forced us to go public with our demands for a management change and meaningful director refreshment. In addition to keeping in place an ineffective husband-and-wife management team, you have tolerated a so-called Lead Independent Director with lengthy ties to the Knowltons. The fact that Mr. Tunstall was a long-serving director of the Knowltons' former business, excelleRx, Inc., should disqualify him from such a role altogether. Fundamentally, we view it as a dereliction of duty for independent directors to overlook such interlocks and enable one of the Knowltons' long-time associates, Mr. Tunstall, to lead them. It is equally alarming that you recently empowered the Knowltons and Mr. Tunstall to drive interactions with us that were intended to rid the Company of conflicts of interest and potential self-dealing. We seriously question how you - as independent directors, with fiduciary obligations to all shareholders - can uphold the status quo after what has transpired in recent years... Each of you has a duty to act in the best interests of shareholders - not conflicted insiders - and to act with urgency as the Company remains in a free fall. We believe Tabula Rasa has great potential to produce significantly better results and enhanced value for shareholders if it has the benefit of proper governance and oversight. We expect to promptly hear from a Company representative other than the Knowltons or Mr. Tunstall about resuming a productive dialogue that advances the aforementioned initiatives. If not, we intend to take any actions that we deem appropriate and necessary to hold the Board members accountable and protect shareholders' interests."
UNCY

Hot Stocks

07:20 EDT Unicycive reports results from market research study with nephrologists - Unicycive Therapeutics announced the results from a primary market research study conducted on behalf of the company by Reason Research, LLC. The study was a discrete-choice model analysis in which 100 US-based nephrologists were presented with various phosphate binder attributes, including efficacy, safety/tolerability, pill burden, composition, and dose form, in a trade-off methodology to determine comparative prescribing preferences for currently available phosphate binders and Renazorb, Unicycive's product under development. Key findings from the research: Nephrologists estimate that they will prescribe Renazorb for a market-leading 34% of their dialysis patients requiring phosphate binder therapy. Nephrologists stated that the greatest unmet need in the treatment of hyperphosphatemia with phosphate binders is Lower pill burden/Better patient compliance; Lower pill burden/Better patient compliance, Greater efficacy, Better tolerability, Less frequent dosing, New MOA, Lower cost.
ADCT

Hot Stocks

07:20 EDT ADC Therapeutics says first 'frail' patient dosed with Zynlonta combo - ADC Therapeutics announced the first patient has been dosed in LOTIS-9, a Phase 2 clinical trial evaluating ZYNLONTA or loncastuximab tesirine-lpyl, in combination with rituximab, Lonca-R in unfit and frail patients with previously untreated diffuse large B-cell lymphoma DLBCL. "Unfit, elderly, and frail DLBCL patients represent a growing population for which new treatments are greatly needed. These patients are often unable to tolerate the standard of care R-CHOP or even a modified R-CHOP regimen and they are excluded from many first-line studies," said Joseph Camardo, MD, Chief Medical Officer of ADC Therapeutics. "Following results from the safety run-in of our LOTIS-5 Phase 3 confirmatory trial that demonstrated the tolerability and additive efficacy of ZYNLONTA in combination with rituximab, we are pleased to be assessing the combination in the LOTIS-9 trial in the first-line DLBCL setting for these particular patients. We look forward to the continued advancement of our clinical program designed to maximize the potential of ZYNLONTA and address significant unmet medical needs for patients with lymphoma around the world." The initial exploratory stage of the LOTIS-9 open-label Phase 2 trial is evaluating the efficacy and tolerability of Lonca-R in approximately 80 unfit or frail patients aged 80 years or older with previously untreated DLBCL. The simplified geriatric assessment developed by the Fondazione Italiana Linfomi identifies three distinct categories based on age, activities of daily living, instrumental activities of daily living and the Cumulative Illness Rating Scale for Geriatrics. Trial participants will be assigned to either Cohort A unfit or Cohort B frail using the sGA.
AIH

Hot Stocks

07:18 EDT Aesthetic Medical enters cooperation agreement - On July 20, 2022, Peak Asia Investment Holdings V Limited and its affiliate, the Company, the Founders, Wanda and Jiechuang entered into a Cooperation Agreement. The Cooperation Agreement provides, among other things, that: ADV shall, with respect to each annual and extraordinary meeting of the Company, be present at such meeting or otherwise cause all ordinary shares and American Depositary Shares beneficially owned by ADV to be counted as present for the purpose of establishing a quorum, and respond to each request by the Company for written consent; vote, or cause to be voted at such meeting, all Covered Shares in favor of the proposed transactions contemplated in the Cooperation Agreement, the adoption of the transaction agreements pertaining to the proposed transactions contemplated in the Cooperation Agreements and any other matters necessary for consummation of the proposed transactions, and against any proposal or transaction that competes with proposed transactions, and any other action that would impede, interfere with, delay, postpone or adversely affect the proposed transactions. ADV has not granted, and shall not grant at any time prior to the Closing, a proxy or power of attorney with respect to any Covered Shares which is inconsistent with ADV's obligations pursuant to the Cooperation Agreement. Upon the Closing, ADV shall, subject to the requisite approvals being obtained and continuing in force, convert the outstanding Principal Amount and the Conversion Catch-up Amount, at a conversion price that is equal to the USD equivalent of RMB4.203 per ordinary share. The Company shall execute and deliver to ADV the warrant for the purchase of shares of the Company to ADV on the date of the Cooperation Agreement. The Warrant shall be effective on and from the Closing and shall be exercisable into ordinary shares of the Company in accordance with the terms thereof. The warrant exercise price shall be equal to the USD equivalent of RMB4.67 per ordinary share and may be settled, subject to the terms and conditions of Warrant, by way of cashless settlement and/or set-off against the Exit Payment. The Warrant shall contain customary registration rights and the Warrant Shares shall be freely transferable on the exercise of the Warrant. The Cooperation Agreement shall come into effect from the date hereof, and each party may terminate the Cooperation Agreement upon the earlier of the following: if the Closing does not occur by the Outside Date; and any of the transaction agreements is terminated. "Outside Date" means December 31, 2022; if all the conditions, other than the satisfaction of the PRC regulatory condition in respect of the proposed transaction (including approvals/registrations/filings required for outward foreign direct investment and antitrust approvals/filings), are satisfied or waived by December 31, 2022, March 31, 2023; or such other date as agreed between the parties to the Cooperation Agreement. Upon the closing of all proposed transactions, the share percentage of AIH held by the Sellers, Wanda, Jiechuang, and ADV would be the number of ordinary shares of the Company held by each of them denominated by the sum of 92,116,947 ordinary shares issued and outstanding as of the date of this 6-K, 36,402,570 newly issued ordinary shares pursuant to the Subscription Agreement, and the ordinary shares issued upon the conversion of ADV's Note at its conversion price as of the Closing. This calculation has not taken into consideration of warrants delivered to Seefar, Wanda, and ADV, the number of which would be determined at the closing of all proposed transactions and may cause further change on the number of total ordinary shares outstanding.
AIH

Hot Stocks

07:16 EDT Aesthetic Medical enters shareholders agreement - On July 20, 2022, the Company, the Founders, Seefar, Jubilee and certain other parties thereto entered into a Shareholders' Agreement. The Shareholders' Agreement governs, among other things, the appointment of the Company's board of directors and senior management, the notice, quorum and Directors' voting arrangement of board meetings, certain lock-up commitments of the Founders and their affiliates and pre-emptive rights mechanisms for the Company's ordinary shares. Pursuant to the Shareholders' Agreement, the Company shall deliver two separate warrants to purchase ordinary shares of the Company to Seefar and Wanda, respectively, on the date of completion of closings of both the Share Transfer and subscription of ordinary shares by Jiechuang.
AIH

Hot Stocks

07:15 EDT Aesthetic Medical enters subscription agreement - On July 20, 2022, the Company, the Founders and Hainan Oriental Jiechuang Investment Partnership as the investor entered into a Subscription Agreement. Pursuant to the Subscription Agreement, Jiechuang agrees to subscribe an aggregate of 36,402,570 newly issued ordinary shares of the Company for the total consideration in USD that is equivalent of RMB170 million, representing a subscription price of RMB4.67 per ordinary share. The actual subscription price in terms of the U.S. dollar per ADS is subject to change based on the exchange rate one day prior to the closing date. The Founders entered into the Subscription Agreement as parties to the Agreement and guarantors for the Company. Shenzhen Lafang Investment Management Co., and Shenzhen Venture Capital M&A Fund Management Co., Ltd are the general partners of Jiechuang, where Lafang Investment serves as the executive partner. Shenzhen Capital Group Co.,Ltd. is a limited partner of Jiechuang. The subscription of the Subscription Shares is expected to close during the fourth quarter of 2022 and is subject to customary closing conditions, including but not limited to obtaining approvals for ODI. Nasdaq Rules 5635(d) provides that shareholder approval is required prior to issuance of securities in relation to transactions other than public offerings whereby there is a 20% Issuance at a price that is less than the Minimum Price, as such terms are defined in Nasdaq Rules 5635(d). Under the articles of association of the Company, shareholders approval is required for a Change of Control Event. Pursuant to the Share Purchase Agreement and the Subscription Agreement, we will obtain shareholders' approval for the Share Transfer as well as the issuance of the Subscription Shares prior to the closing of the proposed transactions thereunder.
ABBV

Hot Stocks

07:15 EDT AbbVie to hold exclusive right to acquire iSTAR Medical
AIH

Hot Stocks

07:14 EDT Aesthetic Medical enters share purchase agreement - On July 20, 2022, the Company, Dr. Pengwu Zhou and Ms. Wenting Ding, certain existing shareholders of the Company controlled by the Founders and Australia Wanda International Company entered into a Share Purchase Agreement. Pursuant to the Share Purchase Agreement, Seefar Global Holdings, Jubilee Set Investments, and Pengai Hospital Management Corporation agreed to sell and Wanda as the buyer agreed to purchase, an aggregate of 21,321,962 ordinary shares of the Company for the total consideration in USD that is equivalent of RMB100 million, representing a price of RMB4.67 per Sale Share. The Founders entered into the Share Purchase Agreement as parties to the Share Purchase Agreement and guarantors for the Sellers. The Share Transfer is expected to close during the fourth quarter of 2022 and is subject to customary closing conditions, including but not limited to obtaining approvals for outward foreign direct investment.
BSXGF

Hot Stocks

07:12 EDT Belo Sun reports Supreme Court of Para State overturns suspension order - Belo Sun Mining reports that the Supreme Court of Para State has overturned the suspension order issued by the Agrarian Court of Altamira related to the Construction License and Environmental License. The Agrarian Court previously ordered the suspension of the LI and LP until a socio-environmental study of the riverside peoples, at a minimum distance of 10 km from the Volta Grande Project, be carried out, on both banks of the Xingu River, as well as prior, free, and informed consultation and the consent of the riverside peoples, by the State of Para, as provided for in Article 6 of Convention No. 169 of the International Labour Organization. The State Supreme Court overturned the suspension order issued by the Agrarian Court on the grounds that there was no evidence of damage or harm to the riverside people and that they were properly consulted as part of the environmental studies conducted by Belo Sun. The State Supreme Court also ruled that the decision of the Agrarian Court causes damage to the Company and stated that there should be no obstacles for Belo Sun to continue with the environmental licensing process while complying with the legal requirements determined by the applicable environmental and judicial authorities. Peter Tagliamonte, President and CEO, commented, "We are pleased with the ruling by the Supreme Court of Para State and this decision confirms our belief that Belo Sun properly consulted with all local communities, including the communities living along the Xingu River. Management continues to work diligently to advance the Volta Grande Gold Project."
BIIB

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07:12 EDT Biogen sees utilizing portion of remaining buyback authorization through 2022E - Biogen said it expects to utilize a portion of the remaining share repurchase authorization of $2.3B through the end of 2022.
BIIB

Hot Stocks

07:11 EDT Biogen saw $55M headwind to FY revenue due to currency fluctuations - Biogen said: "Subsequent to issuing its most recent 2022 financial guidance, the company has experienced a headwind of approximately $55M to full year 2022 revenue and approximately 20c to full year 2022 Non-GAAP diluted EPS due to currency fluctuations, net of hedging activities, from April 29, 2022 through July 15, 2022."
ITMZF

Hot Stocks

07:11 EDT React Gaming commences trading on OTCQB Venture Market - React Gaming Group announced that it has qualified to trade on the OTCQB Venture Market in the United States. The Corporation upgraded to the OTCQB from the Pink market.
ADIL

Hot Stocks

07:11 EDT Adial Pharmaceuticals announces results for Onward Phase 3 trial for Ad04 - Adial Pharmaceuticals announced successful results from the Company's ONWARD trial, a Phase 3 clinical study to evaluate the efficacy, safety and tolerability of AD04 in patients with Alcohol Use Disorder and selected polymorphisms in the serotonin transporter and receptor genes. AD04 achieved statistically significant mean reduction in heavy drinking days among the pre-specified group of "heavy drinkers". AD04 also showed safety and tolerability that compared favorably to placebo. Adial intends to share the results of the ONWARD trial with the relevant health authorities to discuss the appropriate next steps towards the expeditious development of AD04 and to seek product approval. Highlights of topline ONWARD data: AD04 patients, compared with placebo patients, achieved a statistically significant reduction from baseline at month six in heavy drinking days for the pre-specified patient group of heavy drinkers. AD04 patients, compared with placebo patients, showed a trend in the reduction from baseline at month six in heavy drinking days for the combined trial population of heavy and very heavy drinkers. Based on the levels of alcohol consumption reported in a meta-analysis of 83 prospective studies in primary care screening for those with AUD, the Company estimates that a majority of potential patients for AD04 would fall under the pre-specified group of heavy drinkers. Additionally, and consistent with the Phase 2b trial, AD04 had a safety and tolerability profile that was similar to placebo: No SAEs were determined to be related to AD04 treatment; More SAEs were reported in the placebo group compared with the AD04 group; There were two cardiac events in placebo group and none in the AD04 group; The AE profiles between AD04 and placebo were similar; AEs reported with a frequency of 5% or more of patients in either group were: headache, insomnia, blood magnesium decreased, and fatigue. All of the above AE's were reported as mild to moderate. William Stilley, Chief Executive Officer of Adial, commenting on the trial results, said, "Alcohol Use Disorder is an unmet medical need that affects tens of millions of people each year, and, based on the strength of these ONWARD results in heavy drinking patients that have the target genetics, and the fact that AD04 demonstrated an exceptional safety profile, and was well-tolerated during the trial, we intend to advance AD04. We will work with regulatory authorities in Europe and the U.S. to achieve this goal. We also plan to explore strategic partnerships."
SLSSF

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07:10 EDT Solaris Resources reports assay results from Warintza Project - Solaris Resources reports assay results from a series of holes aimed at growing the Northeast Extension of the 'Indicative Starter Pit' at its Warintza Project in southeastern Ecuador. Highlights: Additional drilling has expanded the Northeast Extension of the 'Indicative Starter Pit recently estimated at 180 Mt at 0.82% CuEq and 107 Mt at 0.73% CuEq within the Warintza Mineral Resource Estimate. This zone is characterized by near surface, high-grade mineralization and remains open for further growth with follow-up and step-out drilling underway. SLS-62 was collared at the northern limit of Warintza Central and drilled northeast into an open volume, returning 168m of 0.68% CuEq from 102m depth within a broader interval of 900m of 0.45% CuEq from surface, expanding on prior drilling further to the east. This hole represents the first follow-up to SLS-48, collared from the same pad but drilled to the south, which returned 100m of 1.64% CuEq from 50m depth within a broader interval of 852m of 0.56% CuEq. SLS-63 was collared at the northeastern limit of the Warintza Central grid approximately 200m to the east and drilled into an open volume to the north-northeast, returning 230m of 1.02% CuEq from 118m depth within a broader interval of 472m of 0.76% CuEq from surface. This hole follows on SLS-57, which was drilled northeast from the same pad, returning 230m of 0.73% CuEq from 56m depth within a broader interval of 926m of 0.61% CuEq from surface and SLS-54, drilled to the south and returning 356m of 0.73% CuEq from 50m depth within a broader interval of 1,093m of 0.56% CuEq from surface. Follow-up drilling is underway and aims to test the Northeast Extension zone further to the north and northeast, with assays expected shortly for SLS-64, representing a follow-up hole from the same pad as SLS-62 and SLS-48. Jorge Fierro, Vice President, Exploration, commented: "Ongoing drilling from existing and newly constructed platforms aims to expand on the Northeast Extension zone, which is one of the key target areas for the expansion of the 'Indicative Starter Pit,' along with higher grade, near surface mineralization being targeted at Warintza East, where results are pending."
GE...

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07:09 EDT GE teams with Microsoft and Teradata for sustainability solution development - GE Digital (GE) announced at the Farnborough Air Show that it had signed a Memorandum of Understanding MOU with Microsoft (MSFT) and Teradata (TDC) to develop a solution designed to reduce carbon emissions. The three companies expect to begin to work together to develop an offering designed to help empower aircraft operators with the tools they need to record, report, and reduce emissions - today. The collaboration brings the software solutions of three leading companies together to target the challenge of reducing aviation emissions. GE Digital provides high fidelity flight data and fuel efficiency analytics to identify specific opportunities to reduce fuel and emissions. Microsoft Cloud for Sustainability enables reporting across aircraft operation stakeholders through its common data model and streamlined data capture via Microsoft Sustainability Manager and a broad array of calculation services. The Teradata Vantage multi-cloud data and analytics platform via Flight Data Link , a solution developed with GE Digital, allows for the integration of additional operational and financial data sources via the airline industry's data model, as well as powerful analytics to understand root cause of non-adherence to fuel saving opportunities. Bringing these capabilities together can help close the feedback loop with front-line personas outside the direct sphere of influence of the fuel team.
FEMY

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07:09 EDT Femasys to host KOL event on FemBloc birth control solution - Femasys announced that, in the wake of the overturn of Roe v. Wade, it will host a key opinion leader event to discuss FemBloc, the Company's proprietary, a medical solution for permanent birth control, on Thursday, July 28, 2022 at 10:30am Eastern Daylight Time. The webinar will feature a presentation from KOL, Paul D. Blumenthal, MD, MPH, Professor of Obstetrics and Gynecology at The Stanford University Medical Center, who will discuss the unmet need for women seeking permanent birth control options. Dr. Blumenthal has a distinguished career in Obstetrics & Gynecology spanning close to 40 years and has conducted advocacy work in Women's Health on a global basis. Femasys' FemBloc, a novel approach to permanent birth control, will be discussed as an important potential medical solution as it pertains to women's contraceptive options and choices, especially given the recent overturning of Roe v. Wade. FemBloc features a proprietary delivery platform, which uses balloon technology designed to precisely deliver a biopolymer to the fallopian tubes to close the tubal lumen leaving no permanent implant behind. This nonsurgical, in-office approach eliminates the risks of incisions, anesthesia, and hormones. Confirmation of procedure success can be achieved after 90 days, which would provide women with a certainty no other option can achieve.
EMOTF

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07:08 EDT Emerita Resources announces results of airborne study at Nuevo Tintillo project - Emerita Resources announces that results for the high-resolution, airborne geophysical survey on its 100% owned Nuevo Tintillo property have been received and analysed. According to Joaquin Merino. P.Geo., President of Emerita, "Based on the data interpretation at least 15 targets associated with coincident magnetic anomalies and EM conductors favourable for polymetallic minerals exploration were identified within the Nuevo Tintillo property. Among these targets, there are three highly prospective targets coincident with historical workings on the western side of the property that are prioritized for immediate follow up. An experienced Senior Geologist and team have been tasked to do the field verification of the anomalies in advance of designing a drill program."
ORGN REV

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07:06 EDT Origin Materials, Revlon enter carbon negative material joint initiative - Origin Materials (ORGN) and Revlon (REV) announced a joint initiative to develop advanced carbon negative materials for next generation cosmetics packaging. As part of the initiative, Revlon has signed a memorandum of understanding to reserve commercial volumes of Origin PET. The joint initiative's goal is to pursue the rapid development and commercialization of new sustainable materials for cosmetics packaging based on Origin's patented technology platform.
IONS NVS

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07:06 EDT Ionis Pharmaceuticals completes enrollment of Phase 3 Lp(a) HORIZON study - Ionis Pharmaceuticals (IONS) announced that Novartis has completed patient enrollment of the pivotal Phase 3 Lp(a) HORIZON cardiovascular outcomes study of pelacarsen, with 8,325 study participants. Lp(a) HORIZON is evaluating the safety and efficacy of pelacarsen in reducing cardiovascular events in patients with cardiovascular disease and elevated levels of Lp(a). Topline data from the study are expected in 2025. Novartis (NVS) licensed pelacarsen from Ionis in 2019.
CROJF

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07:06 EDT Marimaca Copper announces further results from infill, drilling campaign - Marimaca Copper announces further results from the 2022 infill and extensional drilling campaign. Results reflect a total of 4,068m across 20 drill holes. The drilling intersected broad zones of near-surface green copper oxide mineralization in 19 of the 20 drill holes. Drilling was focused on infilling the higher-grade central core of the MOD, and the MAMIX depth-extension zone discovered in the 2021 drilling campaign. As with previous results, drilling continues to demonstrate the excellent thickness and continuity of the mineralized column at the Marimaca Oxide Deposit. Sergio Rivera, VP Exploration of Marimaca Copper, commented: "We have now completed the drilling planned to be captured in the 2022 MRE update, which includes all the planned MAMIX and peripheral drill holes targeting resource growth. Results continue to be in-line with our geological interpretation at the MOD, with the excellent grade and vertical continuity of the Marimaca system demonstrated again in this latest batch of results. The 2022 infill campaign has been an important de-risking milestone for Marimaca as our confidence in the ore body continues to improve."
NDAQ

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07:05 EDT Nasdaq announces 3-for-1 stock split - The Board of Directors of Nasdaq has approved and declared both a 3-for-1 stock split of the company's common stock in the form of a stock dividend, along with a regular quarterly dividend of $0.20 per share on the company's outstanding common stock, which on a split-adjusted basis is economically equivalent to the pre-split dividend amount of $0.60 per share paid in the preceding quarter.
SKYE

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07:05 EDT Skye Bioscience updates Phase 1 timeline - Skye Bioscience has been advised by its contract manufacturer, CMO, of its Phase 1 clinical trial material that a now-resolved cyber-attack on the CMO's computer systems as well as a planned annual maintenance shutdown will result in a delay in completing production of Skye's Phase 1 drug to the beginning of September. Skye now expects to initiate enrollment of its Phase 1 clinical study in Q4 2022, report preliminary topline data in early Q1 2023, and report final data in Q2 2023. Skye's SBI-100 Ophthalmic Emulsion had most recently been scheduled for production and fill in the first week of July. While the CMO has sufficiently recovered from the recent cyber-attack, planned annual facility maintenance could not be rescheduled. The maintenance schedule has been accelerated and will be conducted through August 30. Skye's SBI-100 product is now planned to be produced and filled in the first week of September, with required drug quality testing completed by the first half of October. "The unpredictable events that have detrimentally affected our production schedule have been frustrating, but we are confident in the renewed commitment of our contract manufacturer to produce our clinical trial material and the schedule to start our planned study," said Punit Dhillon, CEO and Chair of Skye. "Securing approval for the Australian Human Research Ethics Committee at the end of June was a vital factor to move our Phase 1 forward. While the delay in the Phase 1 is not a welcomed outcome, we are pleased that we continue to progress on the logistics that move us toward enrollment and dosing of the first cohort of patients.
KPTI

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07:04 EDT Karyopharm granted regulatory designations for eltanexor - Karyopharm Therapeutics announced new regulatory designations for eltanexor, a novel oral, Selective Inhibitor of Nuclear Export investigational compound being studied for the treatment of myelodysplastic syndromes: (i) the U.S. FDA has granted fast track designation for the development program of eltanexor as monotherapy for the treatment of patients with relapsed or refractory intermediate, high-, or very high-risk MDS; (ii) the European Commission adopted the Committee for Orphan Medicinal Products opinion to designate eltanexor as an orphan medicinal product for the treatment of MDS in the European Union. Karyopharm also received orphan drug designation from the FDA in January 2022. MDS are a group of diseases characterized by ineffective production of the components of the blood due to poor bone marrow function with a risk of progression to acute myeloid leukemia.
NDAQ

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07:04 EDT Nasdaq sees 2022 non-GAAP tax rate 24%-26% - The company is narrowing its 2022 non-GAAP operating expense guidance to a range of $1,710 to $1,740 million. Nasdaq continues to expect its 2022 non-GAAP tax rate to be in the range of 24% to 26%.
TELA PINC

Hot Stocks

07:03 EDT Tela Bio awarded Synthetic Bioabsorbable products agreement with Premier - TELA Bio (TELA) announced that it has been awarded a group purchasing agreement for Synthetic Bioabsorbable Mesh Products with Premier (PINC). Effective October 1st, 2022, the new agreement allows Premier members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier for OviTex and OviTex PRS Reinforced Tissue Matrix. "We are both grateful and honored to be awarded this important agreement," said Antony Koblish, President and CEO of TELA Bio. "This is a significant opportunity for our company, and we look forward to working with Premier members to provide their surgeons and patients with access to our advanced soft-tissue repair portfolio."
BLCO BHC

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07:02 EDT Bausch + Lomb initiates search for new CEO, reaffirms FY22 guidance - Bausch + Lomb announced Joseph Papa has stepped down as chair of the Board of Directors of the company. The Board has appointed Thomas Ross, Sr., to serve as the chair of the Board. The company also announced that the Board has begun a search for a new CEO. Papa will remain as CEO and as a member of the Board until his successor is appointed. With this announcement, the company is also affirming its full-year guidance range for 2022, which was first announced in its news release on June 8.
CP KSU

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07:02 EDT Canadian Pacific applauds announcement by Kansas City Southern - Canadian Pacific (CP) applauded the announcement by Kansas City Southern (KSU), or KCS, and its affiliate Kansas City Southern de Mexico, S.A. de C.V. of an agreement extending the concession exclusivity rights granted to KCSM for an additional 10 years. KCSM reached an agreement with the Mexican Ministry of Infrastructure, Communications and Transportation, or SICT, to fund a new investment in the Celaya-NBA Line Railway Bypass and other infrastructure. As part of the agreement, the SICT has authorized the amendment of KCSM's Concession Title effective July 14 to extend the exclusivity rights granted to KCSM for an additional period of 10 years. Under this amendment, KCSM's exclusivity will now expire in 2037.CP completed its acquisition of KCS on Dec. 14, 2021. Immediately upon the closing of the acquisition, the shares of KCS were placed into a voting trust which ensures KCS will operate independently of CP while the U.S. Surface Transportation Board completes its regulatory review of the companies' joint railroad control application to create Canadian Pacific Kansas City, the only single-line railroad linking the United States, Mexico and Canada.
SCTL

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07:01 EDT Societal to provide services to support clinical development of drug in Europe - Societal CDMO announced that it has been selected to provide CDMO services to support the ongoing clinical development of a novel drug candidate in Europe. The compound is an oral solid dose anti-viral therapy product approved for the prevention and treatment of human immunodeficiency virus in select countries in Europe and Societal's work is focused on supporting the expansion of the product's indications. Under terms of the new agreement, Societal CDMO will execute appropriate technology transfer activities, followed by cGMP manufacture of clinical trial material to support the initiation and execution of Phase 2 studies of the drug candidate. This work will include production, packaging and labeling of both the active compound and matching placebo for the study. "This is a key new agreement for Societal CDMO as it is a clear demonstration of the company's ability to capitalize on the increasing interest of drug developers in the onshoring and reshoring of contract manufacturing activities to the U.S. from other regions around the globe. We are proud to be trusted by our partner to execute the tech transfer, manufacturing and packaging services that will be necessary for the initiation of its planned Phase 2 study in Europe," said David Enloe, chief executive officer of Societal CDMO. "We continue to be pleased with our progress in leveraging our end-to-end CDMO service offerings to grow our business and expand our client base."
ABBV

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07:01 EDT AbbVie, iSTAR Medical announce alliance for treatment of glaucoma - AbbVie and iSTAR Medical SA announced a strategic transaction to further develop and commercialize iSTAR Medical's MINIject device, a minimally invasive glaucoma surgical device for patients with glaucoma. This calliance will support iSTAR Medical's development and commercial efforts for MINIject, as well as provide an opportunity to expand AbbVie's eye care business, building on its glaucoma portfolio which includes drops, sustained release implants, and stent offerings, the companies said. Under the terms of the agreement, iSTAR Medical will receive a $60M non-dilutive upfront payment and will continue to develop and commercialize MINIject until completion of the STAR-V clinical study. AbbVie will hold the exclusive right to acquire iSTAR Medical and lead subsequent global development and commercialization of the MINIject device. If AbbVie exercises the right to acquire iSTAR, the stockholders of iSTAR Medical would also be eligible to receive additional contingent payments of up to $475M in a closing payment and upon achievement of certain predetermined milestones. iSTAR Medical will remain an independent company through the completion of the STAR-V study.
SPIR

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06:48 EDT Spire Global to bolster weather data, forecasting with microwave sounders - Spire Global announced plans to build upon its fully deployed constellation of over 100 multipurpose satellites with satellites carrying microwave sounders to gather atmospheric moisture and temperature measurements. The measurements collected by these instruments will expand the company's data offerings and, when coupled with the weather and Earth intelligence data that Spire currently collects through radio occultation and reflectometry measurements, will further enhance the value and accuracy of its global weather forecasts.
MRK

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06:46 EDT Merck says Phase 3 KEYNOTE-412 trial did not meet primary endpoint of EFS - Merck announced that the Phase 3 KEYNOTE-412 trial evaluating KEYTRUDA, Merck's anti-PD-1 therapy, with concurrent chemoradiation therapy followed by KEYTRUDA as maintenance therapy, did not meet its primary endpoint of event-free survival for the treatment of patients with unresected locally advanced head and neck squamous cell carcinoma. At the final analysis of the study, there was an improvement in EFS for patients who received the KEYTRUDA regimen compared to placebo plus CRT; however, these results did not meet statistical significance per the pre-specified statistical plan. The safety profile of KEYTRUDA in this trial was consistent with previously reported studies in HNSCC. Results will be presented at an upcoming medical meeting.
MKTX

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06:34 EDT MarketAxess CEO says 'macro backdrop is now much improved' - Rick McVey, Chairman of the Board and CEO of MarketAxess, commented: "Record levels of market share in the quarter reflect the strides that we have made over the past year in executing our growth strategy, expanding our geographic diversification and establishing a broader global foundation for growth. The macro backdrop is now much improved, with credit spreads and credit spread volatility moving back into more historical ranges, driving increased estimated cost savings for clients through Open Trading, our unique liquidity pool. We believe that our strong growth in trading volume, broad-based market share gains, both year-over-year and sequentially, and increasing momentum in new product areas, including U.S. Treasuries and municipal bonds, are driving our improved performance."
NUVL

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06:33 EDT Nuvalent promotes Darlene Noci to chief development officer - Nuvalent announced two leadership team promotions. Darlene Noci has been promoted to chief development officer and will continue to oversee all global product development and regulatory affairs activities. Benjamin Lane, has been promoted to senior VP, technical operations and will continue to oversee all pharmaceutical development and quality assurance activities. Noci joined Nuvalent in 2021 as senior VP, product development and regulatory affairs, bringing over 20 years of experience as an accomplished product development leader specializing in global regulatory affairs and strategic oversight of early and late-stage programs in oncology and rare diseases.
MKTX

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06:32 EDT MarketAxess backs FY22 expense, CapEx guidance - Based on the progression of operating expenses year-to-date, the company is re-confirming its full year 2022 expense guidance range of $385M-$415M and capital expenditure guidance range of $58M-$62M. The company expects the full year effective tax rate to be at the upper-end of the previously stated range of 24%-26%.
HI

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06:09 EDT Hillenbrand initiates to explore strategic alternatives for Batesville business - Hillenbrand announced that its board of directors has initiated a process to explore strategic alternatives for its Batesville business. As part of the process, the board will consider a range of potential alternatives. Hillenbrand has retained Evercore as the financial advisor for its evaluation of strategic alternatives for Batesville.
ELV

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06:09 EDT Elevance Health reports Q2 operating cash flow $2.5B - Operating cash flow was approximately $2.5B, or 1.5 times net income in the second quarter of 2022, an increase of $769M as compared to the prior year quarter. The year-on-year increase was driven by the impact of working capital changes, including the timing of certain provider pass-through payments.
BDSX

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06:07 EDT Biodesix to present data on VeriStrat test at IASLC 2022 - Biodesix announced that Young Kwang Chae, MD, MPH, MBA, Associate Professor of Medicine Feinberg School of Medicine, Northwestern University will present the results of a retrospective analysis at the IASLC 2022 World Conference on Lung Cancer hosted by the International Association for the Study of Lung Cancer on August 8 in Vienna, Austria. The analysis from Northwestern University included patients with advanced-stage non-small cell lung cancer who received Immune Checkpoint Inhibitors as monotherapy or in combination with chemotherapy with PD-L1 less than50%. Patients underwent Biodesix's blood-based VeriStrat proteomic testing from 2016 to 2021. This data demonstrated that the VeriStrat test result was predictive of Progression Free Survival and Overall Survival in patients with NSCLC with low or negative PD-L1 treated with ICIs. Patients whose VeriStrat status results were VeriStrat Good had significantly greater PFS and OS as compared to the patients whose status was VeriStrat Poor.
MRCY

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06:04 EDT Mercury Systems to provide radar testing systems to Leonardo - Mercury Systems announced it has been selected by Leonardo UK to provide multiple radar test and simulation systems to factory-test Leonardo's innovative E-scan radar. The company will also provide additional systems to support, maintain and prepare deployed aircraft for specific mission profiles using Mercury's flexible programming environment. This contract follows a previous one awarded by Leonardo to Mercury in 2019 to design and manufacture the next generation of processing technology for Leonardo's E-Scan radar being developed in the UK.
ELV

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06:03 EDT Elevance Health reports Medical enrollment of 47.1M members - Medical enrollment increased 2.7M members year-over-year and 276,000 members during the quarter to 47.1M members.
HI

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06:03 EDT Hillenbrand signs binding offer to acquire Linxis Group - Hillenbrand announced that it has signed a binding offer to acquire Linxis Group from Iberis International S.A R.L, an affiliate of IK Partners, and additional sellers for an enterprise value of approximately EUR 572M. Linxis Group is a global provider of mixing, ingredient automation, and portioning solutions for food and other higher growth end markets. Upon completion of required works council consultations, the parties expect to enter into a definitive purchase agreement, with closing expected to occur before calendar year end, subject to regulatory approvals. Linxis Group serves customers in over 100 countries. With a global footprint and headquarters in Nantes, France, Linxis Group specializes in the design, manufacturing, and service of dosing, kneading, mixing, granulating, drying and coating technologies that are complementary to the equipment and solutions offered under Hillenbrand's Coperion brand. Linxis Group expects calendar year 2022 revenue of approximately EUR 300M with mid-teen EBITDA margins. Upon completion of this transaction, Linxis Group and its over 1,000 global employees operating in ten manufacturing facilities will join its Coperion and Rotex brands as part of Hillenbrand's Advanced Process Solutions, or APS, segment. The APS segment provides highly engineered industrial equipment and systems and aftermarket parts and services for a variety of end markets and applications. Hillenbrand expects to use committed debt financing, cash on hand, and cash available under its revolving credit facility to fund this acquisition.
FULT

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06:01 EDT Fulton Financial now sees FY22 NII $745M-$760M vs. prior $690M-$705M view - Sees FY22 non-interest income $220M-$230M vs. prior view of $225M-$235M. Sees non-interest expense $600M-$610M vs. previous view of $595M-$605M. Sees FY22 effective tax rate 18%+/- vs. previous view of 17%-17.5%. Comments taken from Q2 earnings conference call presentation slides.
GOOG GOOGL

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05:48 EDT Google fined $375M by Russia for allowing 'prohibited' Ukraine news on platforms - Russia fined Google 21.1 billion rubles, or about $375M, on Monday for repeatedly failing to "remove prohibited information," content related to the country's invasion and war in Ukraine. The country's telecommunication watchdog Roskomnadzor cited a court order and said Google, and in particular YouTube, didn't take down content that discredited "the Armed Forces of the Russian Federation." The watchdog's press release also accused Google of not deleting "materials promoting extremism and terrorism" across its platforms. Reference Link
LDOS

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05:27 EDT Leidos awarded $291M follow-on Navy contract - Leidos was recently awarded a follow-on contract to support the Navy's Program Executive Office Integrated Warfare Systems Directorate. The single award, cost-plus-fixed-fee contract holds an approximate value of $291M. It includes a one-year base period of performance with four additional one-year option periods. Work will be performed worldwide.
ICL

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05:26 EDT ICL, PlantArcBio announce development of bio-stimulant technology platform - ICL and PlantArcBio announced the development of a novel bio-stimulant technology platform, which will improve crop yields while having a minimal impact on the environment. The platform successfully uses of RNAi technology to maximize a plant's natural yield increase mechanisms, without any genetic modification, and was the result of a multi-year research collaboration between the two companies. In early-stage canola field trials, the platform has significantly increased seed weight per hectare for canola crops, and ICL and PlantArcBio are planning larger-scale field trials in 2022. These will include testing the new technology platform using both commercial sprayers and standard farming practices. Greenhouse trials for soybeans and rice are already in progress, with early results showing potential.
RIO

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05:22 EDT Rio Tinto reaches agreement with ATO on tax dispute - Rio Tinto has reached agreement with the Australian Taxation Office, or ATO, on all tax matters in dispute. The agreement resolves the disagreement relating to interest on an isolated borrowing used to pay an intragroup dividend in 2015. It also separately resolves the pricing of certain transactions between Rio Tinto entities based in Australia and the Group's commercial center in Singapore from 2010-2021 and provides certainty for a further five-year period. Rio Tinto has also reached agreement with the Inland Revenue Authority of Singapore, or IRAS, in relation to transfer pricing for the same periods. Reaching agreement with both tax authorities ensures Rio Tinto is not subject to double taxation. As part of this agreement, Rio Tinto will pay to the ATO additional tax of A$613M for the twelve historical years. This is in addition to the A$378M of tax paid in respect of the original amended assessments issued by the ATO. Over this period, Rio Tinto paid nearly A$80B in tax and royalties in Australia.
TGI

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05:19 EDT Triumph Group, Navsup enter five-year MRO agreement extension - Triumph Group and Navsup have entered into a five-year maintenance, repair and overhaul agreement extension for the C and D variants of the F/A-18 Hornet Airframe Mounted Accessory Drive gearboxes, or AMAD. Designed and manufactured by Triumph Geared Solutions, this advanced and supportable AMAD extends time on wing. The work will be performed at Triumph's gearbox center of excellence in Park City, Utah.
LILM

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05:17 EDT Lilium, Helity sign agreement to develop VTOL network in Andalusiae - Lilium has signed an agreement with Helity Copter Airlines to develop an eVTOL network in Andalusia. Under the agreement, Helity intends to initially purchase five Lilium Jets to provide premium and business charter flights to its customers. Helity offers helicopter shuttle flights between Ceuta, Algeciras, and Malaga as well as private charter flights in southern Spain. With approximately 300,000 passengers transported to date between Ceuta and the Spanish peninsula, Helity provides a transportation service to its customers and the region. Lilium is currently conducting Flight Tests with its fifth generation technology demonstrator at the ATLAS Flight Test Center in Villacarrillo, Spain. The proposed arrangement between Helity and Lilium is subject to the parties finalizing commercial terms and entering into definitive agreements with respect thereto, and the satisfaction of certain conditions.
XPRO

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05:14 EDT Expro secures contract for integrated services package in Germany - Expro has secured a contract for its first integrated services package to support a high-profile geothermal project in the Upper Rhine Graben area of SW-Germany. A consortium formed by Ed. Zublin AG and Huisman Geo B.V, drilling and geothermal energy specialists, have commissioned Expro to deliver an integrated well services program for a new geothermal power plant in the Upper Rhine valley. This eight well contract for Germany's largest private developer of geothermal energy plants includes well construction services and a high-rate surface well test system. The contract which began in June has the potential for a long-term extension to follow the eight-well drilling and testing campaign of Deutsche ErdWarme, or DEW, across four power plants that is that covered by the initially contracted work scope. As part of its long-term strategy, Expro plans to continue to invest in transforming its business portfolio and reducing its greenhouse gas emissions. The company has also a stated aim of achieving Net Zero by 2050 with a 50% reduction in carbon intensity by 2030. A member of the International Geothermal Association and the European Geothermal Energy Council, Expro has been supporting geothermal well services projects since 1986 and is recognized for its solutions. This latest contract builds on the company's strategic desire to help customers unlock new sources of cleaner, low-carbon energy and enhance its support of the global geothermal market.
VBLT

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05:10 EDT VBL Therapeutics sinks 80% to 42c after Phase 3 ovarian cancer miss
NXPI HNHPF

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05:09 EDT NXP Semiconductors collaborates with Hon Hai Precision on vehicle programs - NXP Semiconductors (NXPI) announced that it has signed a memorandum of understanding with Hon Hai Technology Group (HNHPF) to jointly develop platforms for a new generation of smart connected vehicles. Hon Hai, or Foxconn, will leverage NXP's portfolio of automotive technologies and its expertise in safety and security. The collaboration builds on the company's initial digital cockpit partnership, based on the NXP i.MX applications processors and NXP Software Defined Radio platform. The primary focus of the expanded collaboration is aimed at Foxconn's efforts in electrical vehicle, or EV, platforms, leveraging NXP's system expertise and electrification portfolio, from NXP S32 processors to analog-front-end, drivers, networking and power products. Another priority is connectivity solutions using the latest NXP S32 domain and zonal controller family for gateways and vehicle networking control, while also advancing secure car access with ultra-wideband, or UWB, and Bluetooth Low Energy, or BLE. A third pillar is safe automated driving augmented by NXP's leading radar solutions. NXP will also offer hardware and software support and will leverage the expertise of its well-rounded third-party ecosystem in the areas of electrification, connectivity and automation.
VBLT

Hot Stocks

05:07 EDT VBL Therapeutics Phase 3 ovarian cancer trial misses primary endpoints - VBL Therapeutics announced last night top-line data from the Phase 3 OVAL clinical trial of ofranergene obadenovec in platinum-resistant ovarian cancer. The trial did not meet the primary endpoints of achieving a statistically significant improvement in progression-free survival or overall survival. The OVAL trial demonstrated that patients randomized to the combination of ofra-vec and paclitaxel had a median PFS of 5.29 months, versus 5.36 months for the paclitaxel control arm. The interim overall survival analysis was also not significantly different between the two study arms and did not support study continuation, the company said. "Given the urgent unmet need for those fighting platinum-resistant ovarian cancer, we are deeply disappointed that the top-line data indicate that ofra-vec did not improve progression free survival or overall survival," said Prof. Dror Harats, CEO of VBL Therapeutics. "Based on this outcome, we plan to discontinue the OVAL trial and will review the data from our ongoing Phase 2 trials in metastatic colorectal cancer and recurrent glioblastoma multiforme to determine next steps with the ofra-vec program. We extend our deepest gratitude to all the patients, families and healthcare professionals who participated in this trial." VBL said it continues to move the VB-601 program forward towards a first-in-human clinical trial, expected to begin in Q4. The Company anticipates that its current cash on hand will be sufficient to fund planned operations for at least the next 12 months.
BA

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05:06 EDT Boeing invests $50M in AEI HorizonX - Boeing has committed a $50M investment in AEI HorizonX, a partnership the company established with private equity firm AE Industrial Partners to invest in transformative aerospace technologies. The new funding will anchor AEI HorizonX's second venture fund, which plans to raise $250M to support start-ups in future mobility, space, sustainability, digital enterprise applications, networks and security.
BK GS

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05:03 EDT BNY Mellon, Goldman Sachs complete lending transactions using HQLAX DLT platform - BNY Mellon (BK) and Goldman Sachs (GS) have completed the industry's first agency securities lending transactions using the HQLAX Distributed Ledger Technology, or DLT, platform. As part of the combined series of 35-day term transactions with a total size in the hundreds of millions of U.S. dollars, HQLAX created ISIN-level securities trackers called Digital Collateral Records, or DCRs, from loaned securities it received from BNY Mellon, giving Goldman Sachs a digital copy of those trades. The ISIN-level DCRs are the first of their kind, representing specific ISIN quantities held in custody. Those records will enable holders and agents to transfer ownership of any security on the HQLAX distributed ledger, without the need for conventional settlement mechanisms.