Stockwinners Market Radar for September 19, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
GM | Hot Stocks20:12 EDT Cathie Wood's ARK Investment bought 120K shares of General Motors today
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NTLA | Hot Stocks20:12 EDT Cathie Wood's ARK Investment bought 71K shares of Intellia Therapeutics today
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VERV | Hot Stocks20:10 EDT Cathie Wood's ARK Investment bought 113K shares of Verve Therapeutics today
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BGNE | Hot Stocks19:03 EDT BeiGene announces NICE recommends BRUKINSA in WM treatment - The company states: "BeiGene announced that England's health technology assessment institute, the National Institute for Health and Care Excellence, NICE, has issued a final appraisal document recommending BRUKINSA for the treatment of Waldenstrom's Macroglobulinemia, WM, in adults who have had at least one treatment, only if bendamustine plus rituximab is also suitable. This decision from NICE marks BRUKINSA as the first and only treatment for WM to be recommended for routine use in England and Wales. The NICE Committee acknowledged the high unmet need for an effective and well tolerated treatment for WM "where current chemoimmunotherapy options can cause severe adverse reactions and the need for frequent hospital visits."
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MATV | Hot Stocks18:47 EDT Mativ director buys $879K in common stock - In a regulatory filing, Mativ disclosed that its director Jeffrey Keenan bought 247K shares of common stock September 13th in a total transaction size of $897K.
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INNV | Hot Stocks18:46 EDT InnovAge director buys $509.8K in common stock - In a regulatory filing, InnovAge disclosed that its director Thomas Scully bought 100K shares of common stock September 16th in a total transaction size of $509.8K.
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BRG | Hot Stocks18:37 EDT Bluerock Residential board approves completion of spin-off - Bluerock Residential "announced that its Board of Directors has approved the distribution to its shareholders of all of the outstanding shares of common stock of Bluerock Homes Trust, Inc., which will become the holder of the Company's single-family rental business. The Spin-Off is expected to be completed on October 6, 2022 before the opening of the New York Stock Exchange American. BRG, which will continue to hold the Company's multi-family rental business, expects to complete the previously announced acquisition of BRG by affiliates of Blackstone Real Estate promptly following the completion of the Spin-Off."
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IE | Hot Stocks17:58 EDT Ivanhoe Electric CEO buys $3.33M in common stock - In a regulatory filing, Ivanhoe Electric disclosed that its CEO Robert Friedland bought 417K shares of common stock in on September 16th in a total transaction size of $3.33M.
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DLR | Hot Stocks17:57 EDT CEO of Digital Realty Stein buys $566K in company shares - The CEO of Digital Realty Trust Arthur Stein disclosed in a regulatory filing that he had purchased 5,000 shares of company stock on September 15 at $113.22 per share, for a total transaction amount of $566,100.
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GD | Hot Stocks17:18 EDT General Dynamics awarded $414.77M Defense Logistics Agency contract modification - General Dynamics has been awarded a maximum $414.77M modification to a five-year base contract with one four-year option period for multiple items used in the Abrams Main Battle Tank, Stryker Family of Vehicles, Light Armored Vehicle Family of Vehicles, Cougar, Buffalo and RG-31. This is a firm-fixed-price, indefinite-delivery/definite-quantity contract. The delivery order end date is Sept. 28, 2029. Using military service is Army. Type of appropriation is fiscal 2022 through 2027 Army working capital funds. The contracting activity is the Defense Logistics Agency Land and Maritime, Columbus, Ohio.
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FARM | Hot Stocks17:11 EDT JCP Investment disclosed 6.7% stake in Farmer Bros. - In a 13D filing, the company states: "The Reporting Persons purchased the Shares based on the Reporting Persons' belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable."
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OIIM | Hot Stocks17:05 EDT O2Micro announces receipt of revised proposal to acquire company - O2Micro "announced that it has received a revised preliminary non-binding proposal letter, dated September 19, 2022, from FNOF Precious Honour Limited, Mr. Sterling Du, the Chief Executive Officer and the Chairman of the Board, and Mr. Perry Kuo, the Chief Financial Officer and a director of the Company, to reduce the purchase price for acquiring all of the outstanding ordinary shares of the Company that are not already owned by the Consortium or otherwise rolled over, to $4.90 per ADS. As previously announced, the Board had formed a special committee to evaluate the Proposed Transaction, or any alternative strategic option that the Company may pursue. The Special Committee will continue to evaluate the Proposed Transaction in light of the latest development."
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COIN | Hot Stocks16:41 EDT Coinbase Exchange will implement a new fee structure new fee structure Sept. 20 - "On Tuesday, September 20 at approximately 5pm ET, Coinbase Exchange will implement a new fee structure to account for changes in global crypto trading volumes and asset prices, lowering the monthly trading volume required to qualify for the mid and upper tiers of our fee schedule. The new fee schedule will be implemented on Coinbase Exchange, Pro, and Advanced Trade.In order to respond to client needs, Coinbase periodically updates pricing. All fee updates are shared prior to being implemented," the company said in a statement. Reference Link
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PAX | Hot Stocks16:33 EDT Patria Investments names incoming CFO Ana Russo - Patria Investments announced that Ms. Ana Russo will join the firm on October 3 as incoming Chief Financial Officer and member of Patria's Management Committee. Mr. Marco Nicola D'Ippolito, who has been serving as Chief Financial Officer since January 2017, will then begin a transition process to transfer oversight of Patria's fund administration, finance, accounting, planning and technology functions to Ms. Russo, with the goal of Ms. Russo fully assuming the role of Chief Financial Officer by January 1, 2023. Mr. D'Ippolito will thereafter assume the role of Chief Corporate Development Officer and allocate his time to develop Patria's organic and inorganic growth strategies, evolving to the leadership of a new business vertical. In addition, he will continue to lead Patria's shareholder relations. To ensure a smooth handover and transition, Ms. Russo and Mr. D'Ippolito will work closely together until the end of the current year.
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CLSN | Hot Stocks16:33 EDT Celsion to change name to Imunon, symbol also to change - Celsion announced a company name change to Imunon, reflecting the evolution of the company's business focus and its commitment to developing immunotherapies and vaccines to treat cancer and infectious diseases. The company's common stock will trade on the Nasdaq under the new ticker symbol (IMNN) effective as of the opening of trading on September 21. The company has filed an amendment to its Articles of Incorporation to effect the new corporate name and is introducing a new logo and a new corporate website.
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ALSN | Hot Stocks16:31 EDT Allison Transmission to partner with Anadolu Isuzu on electric trucks/buses - Allison Transmission "announces a strategic joint cooperation agreement with Turkey's leading bus and truck manufacturer Anadolu Isuzu. As a part of this JCA, Allison eGen Power(R) 100S electric axles will be integrated into Anadolu Isuzu's light-duty truck and midibus platforms for refuse, distribution and public transportation applications."
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AEHA | Hot Stocks16:28 EDT Aesther Healthcare extends date to consummate business combo to December 16 - As previously announced, on August 31 , Aesther Healthcare Acquisition entered into definitive merger agreement with Ocean Biomedical, Aesther announced that it has paid, and that Continental Stock Transfer & Trust Company has received, $1,050,000 from Aesther representing the sum needing to be paid by Aesther to extend the date on which Aesther must consummate its initial business combination from September 16 to December 16. Aesther is a special purpose acquisition company or SPAC formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Its principals possess public and private market investing experience and operational knowledge to bring value added benefits to Ocean Biomedical. The Aesther team has substantial experience investing in and operating businesses in multiple sectors, as well as a significant long-term track record in creatively structuring transactions to unlock and maximize value.
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F | Hot Stocks16:22 EDT Ford slips 2.6% after warning Q3 costs would run $1B higher than expected
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F | Hot Stocks16:21 EDT Ford affirms FY22 adjusted EBIT view of $11.5B-$12.5B - The company states: "Ford again affirmed its expectation for full-year 2022 adjusted earnings before interest and taxes of between $11.5B to $12.5B, despite limits on availability of certain parts as well as higher payments made to suppliers to account for the effects of inflation. The supply shortages will result in a higher-than-planned number of "vehicles on wheels" built but remaining in Ford's inventory awaiting needed parts, at the end of the third quarter. The company believes that those vehicles - an anticipated 40,000 to 45,000 of them, largely high-margin trucks and SUVs - will be completed and sold to dealers during the fourth quarter. According to the company, based on recent negotiations, inflation-related supplier costs during the third quarter will run about $1.0B higher than originally expected."
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F | Hot Stocks16:17 EDT Ford sees Q3 EBIT at $1.4B-$1.7B
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OXM | Hot Stocks16:17 EDT Oxford Industries acquires Johnny Was for $270M - Oxford Industries announced that it has completed the acquisition of Johnny Was, a California-based affordable luxury, modern bohemian lifestyle apparel brand, for $270M. The transaction was financed primarily by cash on hand, with the remaining approximately $100M funded with borrowings under Oxford's revolving credit facility. The company expects to repay all borrowings within one year of the transaction. Under the purchase agreement, the purchase price is subject to adjustment based on net working capital at closing.
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F | Hot Stocks16:17 EDT Ford affirms FY22 adjusted EBITDA view of $11.5B-$12.5B - The company states: "Ford again affirmed its expectation for full-year 2022 adjusted earnings before interest and taxes of between $11.5B to $12.5B, despite limits on availability of certain parts as well as higher payments made to suppliers to account for the effects of inflation. The supply shortages will result in a higher-than-planned number of "vehicles on wheels" built but remaining in Ford's inventory awaiting needed parts, at the end of the third quarter. The company believes that those vehicles - an anticipated 40,000 to 45,000 of them, largely high-margin trucks and SUVs - will be completed and sold to dealers during the fourth quarter. According to the company, based on recent negotiations, inflation-related supplier costs during the third quarter will run about $1.0B higher than originally expected."
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CLPT | Hot Stocks16:15 EDT ClearPoint Neuro obtains 510(k) clearance for version 2.1 of navigation software - ClearPoint Neuro announced that it has obtained 510(k) clearance for version 2.1 of the ClearPoint Neuro Navigation software. Version 2.1 of the ClearPoint System is intended to provide stereotactic guidance for the placement and operation of instruments or devices during planning and operation of neurological procedures within the MRI environment and in conjunction with MR imaging.
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CGNX | Hot Stocks16:10 EDT Cognex jumps 10% to $46.04 after raising Q3 revenue guidance
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EDRY | Hot Stocks16:07 EDT EuroDry to sell M/V Pantelis for $9.7M - EuroDry announced that it has signed an agreement to sell M/V Pantelis, a 74,020 dwt drybulk vessel, built in 2000, for approximately $9.7M. The vessel is expected to be delivered to its new owners, an unaffiliated third party, by mid-October 2022.
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BCYC | Hot Stocks16:07 EDT Molecular Cancer Therapeutics publishes data on Bicycle Therapeutics' BT8009 - Bicycle Therapeutics announced that an article highlighting preclinical data from BT8009, a Nectin-4 targeting Bicycle Toxin Conjugate, was published in Molecular Cancer Therapeutics. Nicholas Keen, Ph.D., Chief Scientific Officer of Bicycle Therapeutics, says: "Having already announced interim, positive results from our ongoing Phase I trial of BT8009, we are pleased to describe the work leading to its identification and the preclinical studies that support its potential to rapidly diffuse into, and to kill, solid tumor cells. The data published in Molecular Cancer Therapeutics describe BT8009's pre-clinical efficacy in a wide range of cell-derived xenograft and patient-derived xenograft tumor models, with full tumor regression frequently seen in large and small tumors. We look forward to providing additional clinical data on BT8009 later this year."
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SKT | Hot Stocks16:06 EDT Tanger Factory appoints Michael Bilerman as CFO - Tanger Factory Outlet Centers announced the appointment of Michael Bilerman as the company's EVP, CFO and Chief Investment Officer. Bilerman will sit on the Office of the President Leadership Committee. Bilerman is expected to join the company in Q4 of 2022. Bilerman most recently served as Managing Director at Citi, leading the firm's global real estate investment research franchise, while also managing the US real estate and lodging team.
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ZEN | Hot Stocks16:05 EDT Zendesk stockholders approve acquisition - Zendesk announced that its stockholders voted to adopt the Agreement and Plan of Merger whereby Zendesk will be acquired by a consortium led by Hellman & Friedman and Permira for $77.50 per share in cash. Subject to customary closing conditions, the proposed transaction is expected to close in the fourth quarter of this year.
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RGEN | Hot Stocks16:04 EDT Repligen in strategic partnership, licensing pact with DRS Daylight Solutions - Repligen announced it has entered into a strategic partnership and exclusive license agreement with DRS Daylight Solutions to expand the use of mid-infrared, mid-IR, technology in the bioprocessing market. Through this agreement, Repligen will assume responsibility for the commercialization of Culpeo , as well as the development of future products and technologies in partnership with DRS Daylight Solutions . Both companies will focus on expanding the portfolio of Quantum Cascade Laser mid-IR QCL-IR based solutions and integrating these solutions into Repligen Chromatography and Filtration systems to expand the companies' presence in the fast-growing Process Analytics Technology segment of the bioprocessing market.Daylight's patented QCL-IR technology measures higher order protein and nucleic acid structure, facilitating the measurement of protein aggregation, concentration and nucleic acid content and other critical attributes in biological manufacturing processes. Accurate readouts are available in seconds, enabling real-time process monitoring in upstream and downstream manufacturing.
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HIPO | Hot Stocks16:01 EDT Hippo to complete 1 for 25 reverse stock split - Hippo Holdings announced that its Board of Directors has unanimously approved a 1-for-25 reverse stock split of the company's common stock. The company's common stock is expected to begin trading on a split-adjusted basis when the markets open on Friday, September 30, 2022, under the existing trading symbol "HIPO".
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KITT | Hot Stocks16:00 EDT Nauticus Robotics Inc trading resumes
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KITT | Hot Stocks15:56 EDT Nauticus Robotics Inc trading halted, volatility trading pause
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GWAV | Hot Stocks14:42 EDT Greenwave Technology appoints Ashley Sickles as CFO - Greenwave Technology Solutions announces it has appointed Ashley Sickles as its Chief Financial Officer. Sickles previously served as Director of Finance for JAWS, Inc., a regional restaurant operator and franchisor with multiple locations, from June 2017 to August 2022. "We are grateful to Mr. Jordan, our former part-time Chief Financial Officer, for his service and professionalism to the Company the past several months as we successfully uplisted to Nasdaq," stated Danny Meeks, CEO of Greenwave. "Following the conversion of $39.16 million of convertible debt and accrued interest into shares of common stock at $6.02 per share on July 22, 2022, Greenwave has the strongest balance sheet in its history and we believe the Company is strongly positioned to grow its revenues and profit margins in the coming quarters. We'd like to thank Greenwave's shareholders for their continued trust and look forward to reporting back on our progress." The company added that Greenwave generated record revenues of $10.7M during the quarter ending June 30, an increase of 56% from the $6.88M in revenue Empire Services, Inc. generated in the same period in 2021. Further, the company generated positive cashflows from operating activities of $566,238 for the six months ending June 30, it noted.
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UBER | Hot Stocks14:02 EDT Uber provides security breach update, says Lapsus$ attacker - Uber Technologies said in an update on its security breach: "While our investigation is still ongoing, we are providing an update on our response to last week's security incident. What happened? An Uber EXT contractor had their account compromised by an attacker. It is likely that the attacker purchased the contractor's Uber corporate password on the dark web, after the contractor's personal device had been infected with malware, exposing those credentials. The attacker then repeatedly tried to log in to the contractor's Uber account...The attacker then posted a message to a company-wide Slack channel, which many of you saw, and reconfigured Uber's OpenDNS to display a graphic image to employees on some internal sites. How did we respond? Our existing security monitoring processes allowed our teams to quickly identify the issue and move to respond. Our top priorities were to make sure the attacker no longer had access to our systems; to ensure user data was secure and that Uber services were not affected; and then to investigate the scope and impact of the incident....We identified any employee accounts that were compromised or potentially compromised and either blocked their access to Uber systems or required a password reset. We disabled many affected or potentially affected internal tools. We rotated keys (effectively resetting access) to many of our internal services. We locked down our codebase, preventing any new code changes...The attacker accessed several internal systems, and our investigation has focused on determining whether there was any material impact...We reviewed our codebase and have not found that the attacker made any changes. We also have not found that the attacker accessed any customer or user data stored by our cloud providers (e.g. AWS S3). It does appear that the attacker downloaded some internal Slack messages, as well as accessed or downloaded information from an internal tool our finance team uses to manage some invoices. We are currently analyzing those downloads...We believe that this attacker (or attackers) are affiliated with a hacking group called Lapsus$, which has been increasingly active over the last year or so."
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SHCR | Hot Stocks13:50 EDT Sharecare rallies 14% after receiving promotion accreditation - Shares of Sharecare are moving higher after the company announced that it has received three-year Wellness and Health Promotion Accreditation by the National Committee for Quality Assurance for its lifestyle and disease management interventions, which include its coaching programs and RealAge health risk assessment. "NCQA Wellness and Health Promotion Accreditation is a nationally recognized evaluation that purchasers and consumers can use to assess wellness and health promotion programs," the company said this morning in a statement. Shares of Sharecare are up 14% to $1.91 in afternoon trading.
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WH | Hot Stocks13:02 EDT Wyndham Hotels says new extended-stay brand achieves 100 hotels signed - Wyndham Hotels & Resorts announces that its new, extended-stay brand operating under the working title "Project ECHO" has achieved 100 hotels signed across the United States. Among the most recent signings for developing new construction Project ECHO hotels are South Bend, Ind.-based Holladay Properties and Miami, Fla.-based Gold Coast Premier Properties. Holladay Properties have 25 Project ECHO hotels signed in the key cities across the Midwest as well as Nashville, Tenn.; Savannah, Ga; and Jacksonville, Fla., and Gold Coast Premier Properties has 10 hotels signed in South Florida and New Jersey.
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LINK | Hot Stocks13:01 EDT Interlink Electronics names Peter Roussak as VP, general counsel - Interlink Electronics announced that Peter Roussak has joined the company as its Vice President and General Counsel. Roussak will supervise legal matters for Interlink and assist with mergers and acquisitions, capital market activities, and strategic partnership activities as part of the company's plan to accelerate its growth through external opportunities.
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DKNG... | Hot Stocks13:00 EDT New Jersey reports August gaming revenue up 10.1% to $470.7M - On Friday, New Jersey's Division of Gaming Enforcement reported that based upon filings with the Division, total gaming revenue reported by casinos, racetracks, and their partners was $470.7M for August, reflecting a 10.1% increase from $427.7M reported in August 2021. Total casino win for the nine casino hotel properties was $274.0M for August 2022, reflecting growth of 4.4% compared to $262.4M for August 2021. For the month of August, internet gaming win reported by casinos and their partners was $131.4M, reflecting growth of 16.1% compared to $113.2M for the prior period. Sports wagering gross revenue reported by casinos, racetracks, and their partners was $65.3M for August 2022, reflecting a 25.5% increase when compared to $52.0M in the prior period. Publicly traded companies in the casino and betting space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN). Reference Link
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SHC | Hot Stocks12:46 EDT Sotera Health trading resumes
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SHC | Hot Stocks12:43 EDT Sotera Health halted for volatility after dropping 11% on court ruling
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SHC | Hot Stocks12:41 EDT Sotera Health trading halted, volatility trading pause
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NOC | Hot Stocks12:32 EDT Northrop Grumman selected for U.S. Air Force ABMS DI consortium - Northrop Grumman was selected by the U.S. Department of the Air Force to be a member of its Advanced Battle Management System Digital Infrastructure Consortium. Northrop Grumman is one of the five industry partners named to the consortium to design, develop, and deploy advanced data-centric capabilities for the Air Force and Space Force. The company will apply technical expertise in systems engineering, data management, secure processing and connectivity to shape how data is harnessed by the DAF in coordination with the Joint Force to make faster decisions in the multi-domain battlespace, it said in a statement, adding that the Advanced Battle Management System Digital Infrastructure Consortium will strengthen Joint warfighting to support the Department of Defense's JADC2 concept. "As the Department of the Air Force continues to move ABMS forward, Northrop Grumman's expertise in advanced networking, sensors, software, platform integration, autonomy and manned-unmanned teaming across all domains will continue to support the emerging JADC2 needs of the DOD," said Tim Frei, sector vice president, research and advanced design, Northrop Grumman.
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NLIT | Hot Stocks12:24 EDT Northern Lights Acquisition Corp trading resumes
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NLIT | Hot Stocks12:19 EDT Northern Lights Acquisition Corp trading halted, volatility trading pause
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VERU | Hot Stocks12:16 EDT Veru says FDA updates advisory committee meeting date to November 9 - Veru Inc. announced that the U.S. FDA has informed the company of an updated meeting date for the FDA's Pulmonary-Allergy Drugs Advisory Committee to discuss the company's request for Emergency Use Authorization of sabizabulin for hospitalized COVID-19 patients who are at high risk for ARDS. Although the meeting has been rescheduled to November 9, 2022, the agenda has not changed according to the notification published in the Federal Register.
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MRNA... | Hot Stocks12:14 EDT Vaccine makers drop after Biden says Covid pandemic is over - Shares of vaccine makers, including Moderna (MRNA), Pfizer (PFE), and BioNTech (BNTX), fell on Monday after President Joe Biden said that the Covid-19 pandemic is over. While appearing on CBS's "60 Minutes" airing on Sunday, Biden said that while "we still have a problem with Covid," he believes that "the pandemic is over." Biden commented that "We're still doing a lot of work on it... but the pandemic is over. If you notice, no one's wearing masks. Everybody seems to be in pretty good shape. And so I think it's changing." The U.S. government still designates Covid-19 a Public Health Emergency and the World Health Organization says it remains a Public Health Emergency of International Concern. In afternoon trading, shares of Moderna dropped nearly 10%, while Pfizer shares (PFE) fell 2% and shares of its German partner BioNTech declined nearly 9%. Additionally, shares of Novavax (NVAX), whose protein-based vaccine was authorized in July, fell nearly 10%.
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NLIT | Hot Stocks12:11 EDT Northern Lights Acquisition announces amendment of unit purchase agreement - Northern Lights Acquisition announced that it has amended that certain unit purchase agreement, dated February 11, 2022, by and among the Company, 5AK, LLC, the Company's sponsor, SHF, LLC d/b/a Safe Harbor Financial, a Colorado limited liability company, SHF Holding, a Colorado limited liability company and the sole member of Safe Harbor, and Partner Colorado Credit Union, a Colorado corporation and the sole member of the Seller, to extend the date by which the transactions contemplated thereby had to be consummated from August 31, 2022 until September 28, 2022 and provide for the deferral of $30M of the $70M due to the Seller at the closing of the Business Combination. The extension of the Outside Date will provide the Company with additional time to complete the Business Combination as it awaits regulatory approval, and the deferral of the Deferred Cash Consideration will provide the Company with additional cash to support its post-closing activities. The Company also announced that it has supplemented its definitive proxy statement on Schedule 14A, which Proxy Statement was initially filed with the U.S. Securities and Exchange Commission on June 10, 2022 in connection with the Business Combination. Although the Business Combination was approved by the Company's stockholders at the special meeting of stockholders held on June 28, 2022, the Company has determined to voluntarily supplement the Proxy Statement with certain supplemental disclosures to clarify certain aspects of the business of Safe Harbor in response to requests made by the Listing Qualifications Staff of the Nasdaq Stock Market as part of the Listing Qualifications Staff's review of the Company's listing application filed in connection with the Business Combination. In connection with the Supplemental Disclosures, the Company will allow its public stockholders to request that the Company redeem their shares of Class A Common Stock for cash in accordance with the Company's Amended and Restated Certificate of Incorporation and the procedures set forth in the Proxy Statement and the Current Report on Form 8-K to be filed with the SEC in connection with the Supplemental Disclosures.
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GBL | Hot Stocks12:00 EDT Gamco Investors falls -16.2% - Gamco Investors is down -16.2%, or -$3.25 to $16.77.
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HKD | Hot Stocks12:00 EDT AMTD Digital falls -18.6% - AMTD Digital is down -18.6%, or -$20.07 to $87.93.
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GROV | Hot Stocks12:00 EDT Grove Collaborative falls -21.6% - Grove Collaborative is down -21.6%, or -$1.50 to $5.45.
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IIPR | Hot Stocks12:00 EDT Innovative Industrial Properties rises 9.5% - Innovative Industrial Properties is up 9.5%, or $8.72 to $100.18.
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NEXA | Hot Stocks12:00 EDT Nexa Resources rises 10.0% - Nexa Resources is up 10.0%, or 50c to $5.48.
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CDE | Hot Stocks12:00 EDT Coeur Mining rises 14.9% - Coeur Mining is up 14.9%, or 42c to $3.27.
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AZO | Hot Stocks11:30 EDT AutoZone sees up to $100M in LIFO charges in Q1 and Q2 - On the company's Q4 earnings call, AutoZone CFO Jamere Jackson said: "For the quarter, our gross margin was down 73 basis points, driven primarily by the accelerated growth in our commercial business and a 28 basis points headwind stemming from a noncash $15 million LIFO charge. I'd like to address the $15 million LIFO charge we took this past quarter, which came from the exhaustion of our reserve balance that occurred during the quarter. The level set, we went from a $335 million reserve balance in Q4 of last year to 0 in Q4 this year, plus an additional $15 million charge. Said differently, we recognized $350 million in higher costs this past year. Basically, all the reduction in our reserves came from higher inventoriable freight costs. This charge does not show up in our cash flow statement this quarter because the accounting for LIFO will adjust the weighted average cost through the P&L to the last in higher-priced items. In a nutshell, it assumes everything you sold in the quarter was at the last and higher prices. We're still modeling for higher freight costs through the end of the calendar year, which in turn means we are modeling LIFO charges through the first half of the new fiscal year. In the first quarter, we anticipate up to $100 million in LIFO charges, and we're forecasting a similar amount for the second quarter. I will note that if freight costs abate as we expect them to, then we'll see these charges reverse and we'll begin to rebuild a LIFO reserve balance."
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VERU | Hot Stocks11:25 EDT Veru lower after FDA reschedules advisory committee meeting - Shares of Veru are down $3.66, or 26%, to $10.62 after the FDA announced that a meeting of the Pulmonary-Allergy Drugs Advisory Committee has been rescheduled to be held virtually on November 9, from 9 a.m. to 5 p.m. Eastern Time. The meeting, which had previously been scheduled for October 6, will discuss the request for Emergency Use Authorization 113, for sabizabulin oral capsule, a tubulin polymerization inhibitor, submitted by Veru Inc., for the treatment of SARS- CoV-2 infection in moderate to severe COVID-19 infections at high risk of acute respiratory distress syndrome. Reference Link
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AUPH | Hot Stocks11:17 EDT Aurinia announces European Commission approval of LUPKYNIS - Aurinia Pharmaceuticals announced that the European Commission has granted marketing authorization of LUPKYNIS to treat adults with active lupus nephritis, a serious complication of systemic lupus erythematosus. The U.S. Food and Drug Administration approved LUPKYNIS on January 22, 2021, in combination with a background immunosuppressive therapy regimen to treat adult patients with active LN. The centralized marketing authorization is valid in all European Union member states as well as in Iceland, Liechtenstein, Norway and Northern Ireland.
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RWBYF | Hot Stocks11:05 EDT Red White & Bloom Brands appoints Colby De Zen as president - The Company has appointed strategic investor and entrepreneur Colby De Zen as President of the Company, effective immediately. Mr. De Zen has completed all the necessary cannabis regulatory licensing procedures and will report directly to the RWB Board of Directors. In this new role at RWB, Mr. De Zen will have overarching responsibility for all aspects of business operations. In addition, and further to the Company's press release dated October 21, 2021, the Company has appointed Mr. Colby De Zen to its Board effective September 19, 2022.cDe Zen brings a wealth of operational and executive management expertise to the Company. He is one of the managing directors of the De Zen Family Office, which has deployed significant capital in the public and private sectors, including real estate, manufacturing, technology, trucking/logistics and cannabis. Currently, he serves as Vice President of Trunkeast Investments.
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RWBYF | Hot Stocks11:05 EDT Red White & Bloom announces restructuring of over C$110M of debentures - Red White & Bloom Brands announced the appointment of Colby De Zen as President and Director of the Company effective immediately and the appointment of Gabriel Bianchi to the Board of directors upon completion of regulatory approvals. The Company further announces that it has restructured the terms of certain outstanding debentures issued by the Company to arm's length lenders in the aggregate principal amounts of $70,040,000 and C$2,120,000 and issued a new convertible debenture in the principal amount of C$17,000,000. The Company has appointed strategic investor and entrepreneur Colby De Zen as President of the Company, effective immediately. Mr. De Zen has completed all the necessary cannabis regulatory licensing procedures and will report directly to the RWB Board of Directors. In this new role at RWB, Mr. De Zen will have overarching responsibility for all aspects of business operations. In addition, and further to the Company's press release dated October 21, 2021, the Company has appointed Mr. Colby De Zen to its Board effective September 19, 2022. He is one of the managing directors of the De Zen Family Office, which has deployed significant capital in the public and private sectors, including real estate, manufacturing, technology, trucking/logistics and cannabis. The Company also announces that Mr. Gabriel Bianchi has agreed to join the Company's Board of directors. Gabriel's appointment shall become effective upon completion of all securities and cannabis regulatory licensing procedures. Mr. Bianchi is a real estate Broker of Record with a 325-person realtor team that completed 4,000 transactions last year. He brings 35 years of extensive real estate experience in retail, commercial, industrial, land acquisitions, land assembly and financing. As a result of the restructuring, the Company issued a series of amended and restated secured debentures as follows: A secured debenture in the principal amount of $25,885,000. Note 1 matures on September 12, 2024. A series of secured debentures, with an aggregate principal amount of $9,505,000. Notes 2A, 2B and 2C mature on September 12, 2024. A secured debenture in the principal amount of C$2,120,000. Note 3 matures on September 12, 2024. A secured promissory note in the principal amount of $5,850,000. Note 4 matures on September 12, 2024. Two secured promissory notes in the aggregate principal amount of $10,800,000 that amend and restate convertible promissory notes previously issued to arm's length lenders by RWB Platinum Vape Inc., a wholly-owned subsidiary of the Company, on October 4, 2021. The Amended PV Notes are convertible into common shares of the Company at a price of $0.15 per share, representing a 67% premium to the closing price on September 16. The Company issued a convertible promissory note in the principal amount of C$17,000,000 to an arm's length lender. All or any part of the outstanding and unpaid principal and interest of the New Note is convertible into common shares of the Company at a price of C$0.20 per share, representing a 67% premium to the closing price on September 16. The proceeds from the New Note will be used to settle pre-existing debt, including principal and interest on outstanding instruments. RWB Florida LLC issued a new secured debenture in the principal amount $18,000,000 to an arm's length third party with a maturity date of February 8, 2024. The new note is secured by RWB Florida LLC and specific real estate assets. Proceeds from the RWB FL Note, along with cash on hand, were used to retire existing RWB Florida LLC debt in the amount of $20.3 million.
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III | Hot Stocks10:12 EDT Information Services partners with cyberconIQ on human side of cybersecurity - Information Services Group has formed a partnership with cyberconIQ to address the human side of cybersecurity. Under the new partnership, ISG Cybersecurity will be able to offer its clients the capabilities of cyberconIQ's Human Defense Platform, a SaaS-based solution that helps mitigate the human factors that create cyber risk, while cyberconIQ will be able to offer its customers access to the full range of ISG Cybersecurity services.
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PIII | Hot Stocks10:01 EDT P3 Health Partners Inc trading resumes
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HKD | Hot Stocks10:00 EDT AMTD Digital falls -10.7% - AMTD Digital is down -10.7%, or -$11.51 to $96.49.
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FRGE | Hot Stocks10:00 EDT Forge Global falls -11.8% - Forge Global is down -11.8%, or -42c to $3.13.
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GROV | Hot Stocks10:00 EDT Grove Collaborative falls -14.0% - Grove Collaborative is down -14.0%, or -97c to $5.98.
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NAT | Hot Stocks10:00 EDT Nordic American Tankers rises 7.9% - Nordic American Tankers is up 7.9%, or 24c to $3.35.
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AZRE | Hot Stocks10:00 EDT Azure Power rises 8.1% - Azure Power is up 8.1%, or 48c to $6.46.
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AMPX | Hot Stocks10:00 EDT Ampex Corp rises 8.4% - Ampex Corp is up 8.4%, or 70c to $9.00.
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TMUS | Hot Stocks09:59 EDT ICE Cobotics chooses T IoT as exclusive IoT connectivy solution - T-Mobile announced that ICE Cobotics has chosen T IoT as its exclusive IoT connectivity solution worldwide to help their customers more easily manage fleets of floor cleaning robots. As part of the long-term agreement, T IoT - a comprehensive solution for global IoT connectivity, platform management and support - will deliver cellular connectivity to more than 7,500 new and existing ICE Cobotics intelligent and autonomous cleaning units across the world. This includes their newest product, Cobi 18, a compact autonomous floor scrubber which is designed to clean 5,000 to 7,000 square feet per hour, starting at less than $20 a day.
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GRNQ | Hot Stocks09:57 EDT Greenpro Capital launches ESG Digital Asset Exchange - Greenpro Capital announced it had launched the World's first Shariah-Compliant ESG Digital Asset Exchange, Green-X. Greenpro Capital was granted the license to operate such exchange by Malaysia's Labuan Financial Services Authority in April 2022. The launch was officiated by LFSA, International Shariah Research Academy, ESG Global and SME Association of Malaysia. Green-X is expecting at least 10 token issuers to come on board by the end of this year, including Cattle Queen Ranch and Koperasi Bersatu Tenaga Malaysia Berhad.
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IDEX | Hot Stocks09:57 EDT Ideanomics names Stephen Johnston new CFO - Ideanomics announced that Stephen Johnston has been named the company's new Chief Financial Officer, effective immediately. Before joining Ideanomics, Johnston served as the Chief Financial Officer of Dura Automotive Systems, a global automotive supplier. Alf Poor, Ideanomics CEO, said: "My belief is that Stephen is exactly the right person to ensure that Ideanomics can consistently deliver on our financial obligations and maintain strong capital discipline as we continue our strategy execution."
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PIII | Hot Stocks09:56 EDT P3 Health Partners Inc trading halted, volatility trading pause
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DASH | Hot Stocks09:47 EDT EG America partners with DoorDash for on-demand delivery - EG America announced a partnership with DoorDash, to offer delivery of convenience essentials including snacks, sandwiches, pizza, and its signature Farmhouse Blend coffee to customers nationwide. Customers can order items from EG convenience brands including Cumberland Farms, Certified Oil, Fastrac, Kwik Shop, Loaf N' Jug, Minit Mart, Quik Stop, Sprint, Turkey Hill and Tom Thumb through DoorDash's app and website. On-demand delivery from DoorDash is currently available from more than 800 participating Cumberland Farms, Fastrac, Sprint and Minit Mart stores with plans to expand to more than 1,300 EG convenience brand locations by the end of October.
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SKE | Hot Stocks09:47 EDT Skeena Resources falls -7.0% - Skeena Resources is down -7.0%, or -35c to $4.65.
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GROV | Hot Stocks09:47 EDT Grove Collaborative falls -8.6% - Grove Collaborative is down -8.6%, or -60c to $6.35.
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FRGE | Hot Stocks09:47 EDT Forge Global falls -9.2% - Forge Global is down -9.2%, or -33c to $3.23.
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SCO | Hot Stocks09:47 EDT Scor ADR rises 5.7% - Scor ADR is up 5.7%, or $1.52 to $28.11.
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SSU | Hot Stocks09:47 EDT SIGNA Sports United rises 6.9% - SIGNA Sports United is up 6.9%, or 37c to $5.75.
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QBTS | Hot Stocks09:47 EDT D-Wave Quantum rises 8.4% - D-Wave Quantum is up 8.4%, or 56c to $7.20.
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INPX | Hot Stocks09:33 EDT Inpixon enters collaboration agreement with Schauenburg System - Inpixon announced a collaboration agreement with Schauenburg Systems to sell Inpixon's real-time location technologies to mining companies in South Africa. Under the agreement the parties will aim to achieve sales of hundreds of thousands of nanoLOC chips and other core technologies of Inpixon that provide real-time tracking, collision avoidance and proximity applications for the mining industry.
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SPR BA | Hot Stocks09:32 EDT Spirit AeroSystems selected by Boeing to replace KC-135 horizontal stabilizers - Spirit AeroSystems Holdings (SPR) announced a contract award from The Boeing Company (BA) to provide new horizontal stabilizers for U.S. Air Force KC-135R Stratotankers. The contract is for an initial 34 horizontal stabilizer kits. Spirit will support extending the life of the KC-135R through at least 2040 utilizing its advanced assembly capabilities including determinant assembly. The KC-135 series of aircraft first entered the U.S. Air Force fleet in 1957. The new horizontal stabilizers will be produced at the Spirit facility in Tulsa, Oklahoma. "We are very pleased Boeing selected Spirit to produce horizontal stabilizers for the KC-135 Stratotanker, taking advantage of our decades of experience building aerostructures," said Eric Hein, Spirit Vice President for Advanced Development and Space Programs.
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KNBE | Hot Stocks09:24 EDT KnowBe4 confirms receipt of $24 per share proposal from Vista - KnowBe4 confirmed the receipt of a non-binding proposal from Vista Equity Partners to acquire all outstanding shares of the Company for $24 per share in cash. The proposal represents a 39% premium to KnowBe4's closing price on September 16, 2022. The Company's Board of Directors regularly considers opportunities to enhance value for its stockholders. In response to an inquiry from Vista, the Board formed a special committee of the Board, comprised solely of independent directors, to engage with Vista and take other actions that it deems appropriate, with the assistance of independent financial and legal advisors. Consistent with its mandate, and in consultation with its legal and financial advisors, the Special Committee will carefully review the Vista proposal and other potential value creation opportunities to determine the course of action that it believes is in the best interests of KnowBe4 and its stockholders.
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OSBC | Hot Stocks09:23 EDT O2 Sponsor Finance provides credit facilities to Prospect Partners - O2 Sponsor Finance, a division of Old Second National Bank, announced that it provided senior secured credit facilities to support Prospect Partners' recapitalization, with management, of Blackwood Solutions & its related entities. Blackwood is a leading electric utility services provider offering specialty transportation, logistics management, recycling, and disposal services in over 20 states. The company's asset-based, self-performance model delivers best-in-class customer service to major electric utility customers, electric utility related manufacturing facilities, and railroad operators. Blackwood utilizes its fleet of self-loader trucks, semi tractors, and specialty trailers to offer turn-key solutions for complex logistic and inventory management projects.
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NRSN | Hot Stocks09:21 EDT NeuroSense announces peer-reviewed publication of PrimeC Phase IIa ALS study - NeuroSense Therapeutics announced the peer-reviewed publication of Phase IIa clinical data in Amyotrophic Lateral Sclerosis and Frontotemporal Degeneration in a paper titled, "Combination of ciprofloxacin/celecoxib as a novel therapeutic strategy for ALS." Data in the paper are results from NeuroSense's Phase IIa study of its lead drug candidate, PrimeC, a unique and proprietary combination of two FDA-approved drugs-ciprofloxacin and celecoxib-in the treatment of ALS. Key data from the paper include: Safety: The study met its primary endpoint of safety in a 12-month clinical trial with 15 participants living with ALS. Efficacy and Biomarkers: Exploratory efficacy was evaluated by ALSFRS-R and FVC, and blood samples were taken before and during the study for biomarker analysis. PrimeC showed statistically significant changes in ALS-related biomarkers of serum neuron-derived exosomes such as TDP-43 and LC3 as measured by ExoSORT indicating a positive biological activity. The trial was open-label, comparing the data generated to the PROACT database utilizing propensity matching. Conclusions: This study supports the safety and tolerability of PrimeC in ALS. Biomarker analyses suggest early evidence of a biological effect. Based on the results of this study, NeuroSense commenced PARADIGM, a Phase IIb clinical trial in May 2022. Primary endpoints of the study include assessment of ALS biomarkers, evaluation of clinical efficacy, improvement in quality of life, as well as safety and tolerability. "We are very pleased to have our Phase IIa findings of PrimeC published in a leading ALS journal, as interest in PrimeC continues to grow in the ALS scientific community. Our clinical research and scientific teams are actively presenting at conferences as we engage with patient advocacy groups with the aim of bringing a much needed effective treatment to people suffering from this debilitating disease," stated NeuroSense CEO Alon Ben-Noon.
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EMBVF KO | Hot Stocks09:21 EDT Arca Continental, Coca-Cola reach long-term collaboration agreement - Arca Continental announced that it has reached a new long-term agreement with The Coca-Cola Company with the goal of strengthening the collaboration and strong relationship between both companies. The new agreement aligns the key economic aspects of the business relationship for the long term, along with favoring joint efforts to continue perfecting service for customers and consumers, promote new avenues of profitable growth, and deploy broader digital initiatives in Latin America. The scope of the agreement includes all the markets that AC serves in Mexico, Ecuador, Peru and Argentina, and comprises the following key areas for creating value together: Relationship economics: Alignment on all economic aspects of the business relationship, including investment and profitability levels that are mutually beneficial. Growth principles: The mechanisms to build and align our long-term business plans and growth strategies have been defined in a way to ensure coordinated execution and unlock the full potential that exists in our markets. New business opportunities: Alignment to explore potential new revenue streams in the distribution of other product categories within the industry's main brands. Digital alliance: Development of a digital alliance to leverage the power of the Coca-Cola system's footprint, while building an integrated ecosystem of platforms that create value across the digital and physical worlds, in every part of our business. We will capitalize on all the learnings and capabilities that AC has developed in Yomp!, which is a solid platform to increase the customer's competitiveness in the traditional channel in Mexico.
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BNXAF | Hot Stocks09:19 EDT Banxa Holdings sells non-core domain names for A$3M - Banxa Holdings announced the sale of three non-core domain names, the proceeds of which will be used to bolster the Company's balance sheet. Banxa will receive AUD$3M from the sale of domain names and website assets coinloft.com.au, buyabitcoin.com.au, and the premium domain bitcoin.com.au to one of Australia's leading cryptocurrency exchanges, Independent Reserve. The domain names were formerly part of Banxa's B2C offering before the Company refocused its business to serve the B2B market several years ago. As part of the sale, which will be settled in the coming two weeks, Banxa will receive AUD$2.25m in cash, and a AUD$0.75m equity stake in Independent Reserve.Further sales from the Company's non-core premium Bitcoin domain name portfolio are expected in the future including Bitcoin.co.uk, Bitcoin.ca, Bitcoin.co.in, Bitcoin.eu, Bitcoin.ie, Bitcoins.mx & Bitcoin.ke.
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TTWO | Hot Stocks09:18 EDT Take-Two says Rockstar doesn't expect Grand Theft Auto leak to impact timelines - In a regulatory filing, Take-Two Interactive stated: "Rockstar Games recently experienced a network intrusion in which an unauthorized third party illegally accessed and downloaded confidential information from its systems, including early development footage for the next Grand Theft Auto. Current Rockstar Games services are unaffected. We have already taken steps to isolate and contain this incident. Work on the game will continue as planned. At this time, Rockstar Games does not anticipate any disruption to its current services nor any long-term effect on its development timelines as a result of this incident."
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APLD | Hot Stocks09:17 EDT Applied Blockchain files registration statement for existing shares - Applied Blockchain announced that on September 16, 2022 it filed a Registration Statement on Form S-1 for the registration of approximately 48.3 million existing shares of Applied Blockchain common stock that are currently unregistered. The registration statement does not include the registration of any new shares of Applied Blockchain common stock. The majority of these shares are held by insiders and partners of Applied Blockchain. These shares were set to become available for sale beginning December 1, 2022 pursuant to Rule 144 under the Securities Act of 1933, as amended, and following the SEC declaring the Form S-1 effective, will be eligible to be sold pursuant to a public registration statement.
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FFIC | Hot Stocks09:16 EDT Flushing Bank sponsors Port Jefferson Dragon Boat Race Festival - Flushing Financial Corporation announced it participated in the Port Jefferson Dragon Boat Race Festival on Saturday, September 17. The festival was presented by the Greater Port Jefferson Chamber of Commerce and held at the Harbor of Port Jefferson Village.
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PSHG | Hot Stocks09:15 EDT Performance Shipping announces signed commitment letter from Alpha Bank - Performance Shipping announced that it has accepted a commitment letter whereby it intends to enter into an agreement for a new term loan facility of up to $18,250,000.00 with Alpha Bank through a separate wholly-owned subsidiary of the Company. This Facility is subject to the completion of customary closing conditions and the execution of a final loan agreement by the Company and its lenders. Proceeds from the Facility will be used to finance up to 50% of the purchase price of the previously announced vessel the Company has agreed to acquire, the M/T Alpine Amalia, to be renamed P. Aliki. This Facility shall bear interest at the rate of SOFR plus 2.60% per annum. The Facility will be repayable in twenty consecutive quarterly installments of $500,000.00 each, and concurrent with the twentieth quarterly installment, the Company will owe a balloon payment of $8,250,000.00.
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PUBM | Hot Stocks09:14 EDT PubMatic announces series of investments in OpenWrap - PubMatic announced a series of major investments in OpenWrap, the company's unified auction solution for publishers. Recent enhancements to OpenWrap give publishers, including app developers, increased flexibility and improved performance with omnichannel and platform-specific enterprise-grade developer customization. OpenWrap gives publishers more control over their programmatic advertising business. There has been strong momentum for the solution: As of Q2 of 2022, PubMatic revenue from OpenWrap has nearly doubled year-over-year.OpenWrap is built on the open-source Prebid codebase, which provides publishers greater control, transparency and innovation. With new OpenWrap features, sellers can clearly examine and activate the levers that contribute to delivering incremental performance. PubMatic has released a suite of enhanced capabilities to create value across web, CTV/OTT and mobile app. All publishers and developers leveraging OpenWrap will now gain: Yield improvements - Floors designed to increase revenue, ad refresh at no cost, and levers that lift CPMs while maintaining fill. Upgraded management API - Customize OpenWrap to better fit the tech stack, and gain access to new automation and API options that add flexibility. Enhanced analytics - Holistic, data-visualized and real-time view of their ad business. Additionally, OpenWrap has released new capabilities that deliver platform-specific benefits: Web publishers can now utilize more than 40 Prebid modules to leverage multiple, third-party-developed technology with efficient and unbiased integration. Mobile app developers can now seamlessly integrate with the top mobile mediation providers, leveraging OpenWrap's SDK to gain access to PubMatic's global brand demand. OTT publishers can now benefit from in-line bidding, capturing the full power of a unified auction that connects with third-party ad servers.
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GEVO | Hot Stocks09:13 EDT U.S. Dept. of Agriculture selects Gevo's Clmate-Smart Farm to Flight proposal - Gevo announced that the U.S. Department of Agriculture has selected Gevo's Climate-Smart Farm to Flight proposal for funding with an award ceiling of up to $30 million. Gevo's project was one of the 70 projects selected by the USDA under the first pool of the Partnerships for Climate-Smart Commodities funding opportunity totaling $2.8 billion. The project aims to create critical structural climate-smart market incentives for low carbon-intensity corn as well as to accelerate the production of sustainable aviation fuel to reduce the sector's dependency on fossil-based fuels. The project will also focus on the importance of immutable tracking and tracing of the carbon-intensity score starting at the farm production level, through biofuels production, all the way to the sale to an airline company. Gevo plans to accomplish this with further development and implementation of Verity Tracking, a blockchain enabled solutions platform for carbon tracking through the entire business system.
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BG | Hot Stocks09:12 EDT Bunge to sell oilseed processing business in Russia to Karen Vanetsyan - Bunge announced that it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. The sale includes the sunflower processing plant in Voronezh. The completion of the sale is subject to customary closing conditions, including regulatory approval.
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GETY | Hot Stocks09:10 EDT Getty Images announces redemption of outstanding warrants - Getty Images Holdings announced that the Company will redeem all of the outstanding warrants to purchase shares of the Company's Class A common stock, par value $0.0001 per share, pursuant to the terms of the Warrant Agreement, for a redemption price of $0.01 per Warrant, that remain outstanding at 5:00 p.m. New York City time on October 19, 2022. The Warrants were issued under the Warrant Agreement, dated as of August 4, 2020, between CC Neuberger Principal Holdings II and Continental Stock Transfer & Trust Company as warrant agent, as amended by the Warrant Assumption Agreement, dated as of July 22, 2022, by and among CCNB, the Company, CST and American Stock Transfer & Trust Company. Pursuant to the terms of the Warrant Agreement, Getty Images is entitled to redeem all of the outstanding Warrants for the Redemption Price if the last sales price of the Class A Common Stock is at least $18.00 per share on each of twenty trading days within the thirty (30) trading-day period ending on the third business day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company, the warrant agent is delivering a notice of redemption to each of the registered holders of the outstanding Warrants. In accordance with the Warrant Agreement, upon delivery of the notice of redemption for cash, the Warrants may continue to be exercised by the holders thereof in exchange for payment in cash of the $11.50 per warrant exercise price until 5:00 p.m. New York City time on the Redemption Date. The exercise procedures are described in further detail in the notice of redemption and the election to purchase included therein.
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VRSK | Hot Stocks09:07 EDT Verisk Analytics integrates Yembo 3-D models into Xactimate solution - Property insurance adjusters can further accelerate and refine their claims handling in Verisk's Xactimate solution by using interactive, 3-D models and detailed content inventories from Yembo, the global leader in virtual home surveys and inspections. Yembo's technology, which is powered by artificial intelligence (AI), now integrates with Xactimate, enabling desk adjusters to view photo-realistic, 3-D models of interior damage created from videos captured onsite via smart devices. These detailed, interactive digital models can help adjusters quickly estimate repair costs without visiting the site in person.
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CBOE | Hot Stocks09:07 EDT Cboe Global Markets to further expand S&P 500 Index options suite - Cboe Global Markets announced the continued expansion of its S&P 500 Index, SPX, options suite with additional expirations for SPX Weeklys Tuesday and Thursday options, beginning September 19 and September 28, respectively. Total volume in SPX Tuesday and Thursday options have surpassed 44 million contracts since their launch in second-quarter 2022, reflecting strong customer interest and trading activity. The additional expirations for SPX Tuesday and Thursday options will align with the number of expirations currently available for SPX Monday and Wednesday options, and meet growing customer demand for Cboe's SPX offerings. In addition, Cboe will introduce new Tuesday and Thursday-expiring Mini-S&P 500 Index options beginning October 3 and October 12, respectively. With these changes, both SPX and XSP options will offer expirations every day, going out at least four weeks, enabling traders to express their views with even greater precision. "Cboe's proprietary Weeklys contracts are one of our fastest growing products and with these new listings, we are continuing to build out our world-class S&P 500 options franchise to bring even more product choice and versatility to suit our global customers' diverse trading needs," said Arianne Adams, Senior Vice President and Head of Derivatives and Global Client Services at Cboe Global Markets. "As ultra-short-dated SPX options trading activity hit record levels, these new expirations meet strong retail and institutional client demand for cash-settled options to spread risk across more trading days and manage intraday volatility in the markets with even greater agility and efficiency."
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MTBC | Hot Stocks09:06 EDT medSR to exhibit at annual Becker's Health IT + Digital Health + RCM meeting - CareCloud announced its medSR division will exhibit at the 2022 Becker's Health IT + Digital Health + RCM Annual Meeting in Chicago, October 4-7. CareCloud's medSR division, which guides hospital organizations with premier IT and operations consulting, will show providers how to optimize the value delivered from their systems and processes through its advisory services, on-demand staffing, supply chain, and revenue cycle management solutions.
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ADN | Hot Stocks09:04 EDT Advent Technologies in fuel cell supply pact with German State of Brandenburg - Advent Technologies Holdings is pleased to announce the signing of a three-year agreement with the German State of Brandenburg for the supply of methanol-powered fuel cell systems, which will be installed in select critical communication sites in the region. Advent's methanol-powered fuel cell systems will be used as a back-up power source for Brandenburg's BOS digital radio network, replacing the diesel-driven emergency power systems at several sites over the next three years. Germany's old public safety and security infrastructure relied on an outdated analogue radio system for communication. BOS is a digital, encrypted, and secure means of communication. The new BOS network allows first responders and other public safety officials to communicate easily and securely. The BOS network now covers 99.2% of German territory.
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FAT | Hot Stocks09:03 EDT Fatburger, Buffalo's Express opens in Democratic Republic of Congo - FAT Brands announces the opening of the first Fatburger and Buffalo's Express in the Democratic Republic of Congo in Kinshasa. In partnership with franchisee, MUZURI Sarl, Fatburger and Buffalo's Express offers juicy, made-to-order burgers and authentic, buffalo-style wings.
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SWAV | Hot Stocks09:02 EDT ShockWave Medical initiates all-female coronary IVL study - Shockwave Medical has initiated the first-ever prospective coronary intervention study consisting of all female patients - EMPOWER CAD - to determine whether the positive results from earlier coronary IVL studies with the Shockwave C2 Coronary IVL Catheter, which showed similar safety outcomes across both sexes, can be replicated in an expanded, 'real-world' population of female patients with severely calcified coronary lesions. This prospective, multicenter registry will enroll up to 400 female patients with symptomatic ischemic heart disease in up to 50 investigational centers in the United States and Europe and will include a 3-year follow-up. EMPOWER CAD co-principal investigators Margaret McEntegart, MD, PhD, Director of Complex Percutaneous Coronary Intervention Program at Columbia University Medical Center/New York-Presbyterian Hospital and Alexandra Lansky, MD, FACC, FAHA, FSCAI, FESC, Professor of Medicine, Section of Cardiovascular Medicine and Director, Heart and Vascular Clinical Research Program at Yale University School of Medicine, along with the study's European lead, Nieves Gonzalo, Consultant Interventional Cardiologist at Hospital Clinico San Carlos in Madrid, Spain, announced the study at the Transcatheter Cardiovascular Therapeutics annual scientific symposium of the Cardiovascular Research Foundation in Boston, Mass.
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CMCSA CMCSK | Hot Stocks09:02 EDT Comcast plans to double network energy efficiency by 2030 - Comcast announced at the SCTE Cable-Tec Expo 2022 that Comcast Cable plans to double its network energy efficiency by 2030, cutting the electricity per consumed terabyte of data in half. Comcast has been investing in a nationwide network transformation to virtual, cloud-based technologies that offer faster broadband speeds, greater reliability, and improved energy efficiency. The new virtualized platform includes more centralized locations for headends, hubs, and data centers that are more efficient than previous technologies, requiring less hardware, less space, and less energy per byte. Comcast has set a goal to be carbon neutral by 2035 for Scope 1 and 2 emissions, or the direct and indirect emissions it owns and controls, across its global operations. With purchased electricity accounting for the majority of its emissions,
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DMLP | Hot Stocks09:01 EDT Dorchester Minerals acquires mineral, royalty, overriding royalty interests - Dorchester Minerals announced that on September 16, 2022, it entered into a non-taxable contribution and exchange agreement with an unrelated third party to acquire mineral, royalty and overriding royalty interests of approximately 2,100 net royalty acres located in 12 counties across New Mexico and Texas. The contributing entity will convey its interest to the Partnership in exchange for 851,423 common limited partnership units of Dorchester Minerals, L.P. The acquisition is expected to close on September 30, 2022, subject to customary closing conditions, with cash received by the Contributor on or after July 1, 2022 being contributed to the Partnership.
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MCHP | Hot Stocks08:59 EDT Microchip announces META-DX2 Ethernet PHY portfolio - The company said, "The demand for increased bandwidth and security in network infrastructure driven by growth in hybrid work and geographical distribution of networks is redefining borderless networking. Led by AI/ML applications, the total port bandwidth for 400G and 800G is forecasted to grow at an annual rate of over 50%, according to 650 Group. This dramatic growth is expanding the transition to 112G PAM4 connectivity beyond just cloud data center and telecom service provider switches and routers to enterprise Ethernet switching platforms. Microchip Technology is responding to this market inflection with the META-DX2 Ethernet PHY portfolio by introducing a new family of META-DX2+ PHYs. These are the industry's first solution set to integrate 1.6T of line-rate end-to-end encryption and port aggregation to maintain the most compact footprint in the transition to 112G PAM4 connectivity for enterprise Ethernet switches, security appliances, cloud interconnect routers and optical transport systems."
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APVO | Hot Stocks08:58 EDT Alligator, Aptevo announce FDA issuance of 'may proceed' notification - Alligator Bioscience and Aptevo Therapeutics announced that the US Food and Drug Administration has issued a "may proceed" notification for the ALG.APV-527 investigational new drug application, allowing the companies to initiate clinical trials evaluating the compound for the treatment of 5T4-expressing tumor antigens in multiple solid tumor types. The companies are moving rapidly to initiate a multi-center Phase 1 trial in the US. ALG.APV-527 is an antibody with dual function: tumor-binding and 4-1BB immunomodulatory agonist effects. This has the potential to be clinically important because 4-1BB has the ability to stimulate the immune cells involved in tumor control, making immune cell stimulation through 4-1BB a particularly compelling target for cancer immunotherapy. Preclinical results, presented at the Society of Immunotherapy Cancer's 2021 Annual Meeting, highlighted the differentiated design of the molecule that minimizes systemic immune activation, allowing for highly efficacious tumor-specific responses as demonstrated by potent activity in in vitro models. The tumor-binding function of ALG.APV-527 targets the 5T4 tumor-associated antigen. 5T4 is a protein expression in multiple solid tumor types and limited expression in normal tissues, making 5T4 a compelling target molecule for cancer therapy.
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NCRA | Hot Stocks08:56 EDT Nocera to soft open seafood porridge business at Ning Xia Night Market - Nocera announced its seafood porridge bowl will be launched at Ning Xia Night Market with a soft open on September 26, 2022. The Company's has selected a location in Nan Kang District of Taipei City for its flagship bento box store to serve grilled eel rice and its super value bento boxes. The target opening date of flagship bento store is October 31, 2022.
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CYBR | Hot Stocks08:56 EDT CyberArk appoints Peretz Regev as chief product officer - CyberArk announced the appointment of Peretz Regev as chief product officer. Regev brings more than 20 years of senior leadership and product engineering experience to CyberArk. Previously, Regev was vice president of Global Data Science and Engineering at PayPal. Regev also served as the general manager of PayPal Israel. In this role, Regev will oversee the organization's product management, R&D, innovation and technology operations. CyberArk's previous chief product officer Chen Bitan will remain the general manager of CyberArk Israel and will continue to play a role in defining the company direction. In addition, he will take on new responsibilities to manage and develop strategic customer accounts with a focus on EMEA.
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NLSP | Hot Stocks08:55 EDT NLS Pharmaceutics to host KOL event on Quilience results - NLS Pharmaceutics announces that it will host a Virtual Key Opinion Leader Event to review top-line results from its Phase 2a clinical trial evaluating Quilience in the treatment of excessive daytime sleepiness and cataplexy, the two core symptoms of narcolepsy. The event will feature study investigators and an independent practitioner that will discuss the clinical results and offer perspectives on the potential for Quilience to treat patients with both narcolepsy type 1 and narcolepsy type 2. A Question-and-Answer session will follow the presentation of the results and KOL discussion. Date/Time: September 30, 2022; 10:00am to 11:30am Eastern Time
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ZTEK | Hot Stocks08:54 EDT Zentek completes sand erosion testing at NRC, rain erosion testing at AMIL - Zentek has completed sand erosion testing at the National Research Council in Ottawa and rain erosion testing at the Anti-icing Materials International Laboratory in Quebec on Zentek's patent-pending Icephobic Coatings. These results, when taken with the strong performance under accelerated ageing announced March 14, 2022, demonstrate that the company's icephobic technology is durable in adverse conditions for both wind turbine and drone industries, where Zentek is currently maintaining its focus. Summary of overall results to date as reported by the NRC and AMIL: As reported in November 2021, icephobicity tests at the NRC yielded strong and consistent results with an average shear stress of 20 kPa required to passively remove ice accretion. Retesting a year later yielded the same results, demonstrating strong stability. Flight tests in real-world icing conditions demonstrated good performance of Zentek's coating, with results indicating retardation of ice accretion and low adhesion to accreted ice. 1,000 hours of UV exposure, equivalent to two years of UV damage in Canada, slightly increased the ice adhesion properties to 43 kPa, which is still considered to be an effective coating in removing ice. Sand erosion testing demonstrated medium to good performance at a high speed of 540 km/h. Rain erosion testing at AMIL demonstrated good performance at 160 km/h and 320 km/h based on our interpretation, speeds at which the leading edge of wind turbines blade tips are exposed. NRC drone testing demonstrated consistent results of maintaining control of rotor thrust in icing conditions while uncoated blades failed to maintain thrust in the same indoor controlled environment. NRC is preparing for outdoor, real-world environment testing of drone rotor blades with Zentek's icephobic coating this winter. AMIL is testing the performance of Zentek's coating on a small wind turbine in an indoor controlled environment. Zentek has filed a full patent application with the Patent Cooperation Treaty, the international patent office, on August 2nd, 2022, for Nanomaterial-Enhanced Elastomer for Passive Ice Accretion Prevention. The patent application will publish approximately 6 months from the date of filing, marking the beginning of the 12-month national phase for Zentek to apply directly in each country of interest.
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TGB | Hot Stocks08:53 EDT Taseko provides update on public comment period for Florence Copper Project - Taseko Mines Limited provides an update on the federal permitting process for its Florence Copper Project. On September 15, the U.S. Environmental Protection Agency held a virtual public hearing for the draft Underground Injection Control permit issued for Florence Copper on August 15, 2022. Twenty-seven participants provided comment at the hearing, each supporting the project and calling for a final UIC permit to be issued. The UIC permit is the last authorization required to advance the Florence Copper Project to commercial production. The EPA public comment period is scheduled to conclude on September 29, 2022.
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NBIX | Hot Stocks08:52 EDT Neurocrine announces it will present data on INGREZZA capsules - Neurocrine Biosciences announced that it will present data demonstrating sustained improvements with long-term INGREZZA capsules treatment in adults with tardive dyskinesia at the Psych Congress 2022 scientific meeting being held September 17-20. Neurocrine Biosciences, the leading neuroscience-focused company in the treatment of TD, will present findings from a post hoc analysis of the 48-week, open-label KINECT 4 study of INGREZZA evaluating treatment response patterns. The analysis, which included treatment completers of KINECT 4, found that the proportion of patients meeting rigorous response criteria increased over time: The proportion of participants who reached a greater than or equal to50 percent Abnormal Involuntary Movement Scale improvement from baseline increased from week 8 to week 48. Of the 40 participants with AIMS greater than or equal to50 percent response at week 8, 95 percent also met this threshold at week 48, demonstrating a sustained response. An increase in proportion of participants that met the rigorous 70 percent or more AIMS improvement from baseline increased from week 8 to week 48 increased from week 8 to week 48, from 50 percent to 92 percent for Clinical Global Impression of Change-Tardive Dyskinesia and 53 percent to 88 percent for Patient Global Impression of Change, respectively. "TD can disrupt many aspects of day-to-day life, and adequate assessment, diagnosis, and continued management of symptoms are of key importance," said Eiry Roberts, MD, Chief Medical Officer at Neurocrine Biosciences. "These data demonstrate that a vast majority of participants taking INGREZZA obtained substantial and sustained TD improvement throughout the study, and the proportion of patients achieving symptom relief increased with continued treatment over time." The most common treatment-emergent adverse events reported in KINECT 4 were urinary tract infection and headache.
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APVO | Hot Stocks08:51 EDT Aptevo, Alligator Bioscience announce FDA issues 'may proceed' notification - Alligator Bioscience and Aptevo Therapeutics announced that the US Food and Drug Administration has issued a "may proceed" notification for the ALG.APV-527 investigational new drug application , allowing the companies to initiate clinical trials evaluating the compound for the treatment of 5T4-expressing tumor antigens in multiple solid tumor types. The companies are moving rapidly to initiate a multi-center Phase 1 trial in the US. "We are very happy to see ALG.APV-527 make significant progress towards the clinic this year, an important milestone achievement for the Alligator and Aptevo teams. It's exciting to know that this compound will soon join APVO436, currently in a Phase 1b clinical trial for the treatment of AML, in clinical studies here in the US. I would like to thank our partners at Alligator for their close collaboration and expertise. Advancing ALG.APV-527 has been a true team effort and we value our partnership," said Marvin White, President, and CEO of Aptevo. "ALG.APV-527 is specifically designed to trigger 4-1BB-mediated antitumor activity in 5T4-expressing tumor indications, meaning it has potential across a range of solid tumors with high unmet medical need. The addition of a new clinical candidate in active development serves as further validation of Aptevo's proprietary ADAPTIR platform.""This IND clearance marks an important step in the development of ALG.APV-527 and is a testament to the strength of our partnership with Aptevo. This new IND also demonstrates our ability to bring innovative antibodies to the clinic" said Soren Bregenholt, PhD, CEO of Alligator Bioscience. "This compound will now become Alligator's third asset in clinical development. We are looking forward to initiating this Phase 1 first in human study in multiple solid tumors and further investigating the indications where it is most effective."
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NEOG | Hot Stocks08:50 EDT Neogen launches Quantitative Cashew ELISA assay - Neogen Corporation announced that it has released its innovative Veratox VIP assay for the detection of cashew, the second assay in Neogen's new Veratox VIP line of enhanced quantitative ELISA products. The new Veratox VIP for Cashew allergen test demonstrates robust performance across sample types while maintaining the simple testing methodology of the Veratox product line. "As plant-based foods and alternative proteins become more in-demand in the marketplace, it is important that we offer highly sensitive tests that are able to detect even the lowest levels of food allergens in order to protect consumers around the world," said John Adent, Neogen's President and CEO. "Cashew is being used more frequently and in more unique ways than before, and it is important that Neogen offers an easy-to-use and highly sensitive solution for its detection."
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BTCS $ETH | Hot Stocks08:50 EDT BTCS comments on 'success' of Ethereum Merge - The company said, "The Merge offers the potential for operators such as BTCS, which currently runs 240 validator nodes and has staked over 8,350 ETH to see a material increase in its ETH rewards, potentially driving increased revenue. 'Our decision to secure Ethereum's Proof-of-Stake beacon chain in early 2021 has proved sound. With the success of the merge, our conviction that Ethereum would successfully transition to a greener and more ESG-friendly chain has now come to fruition', stated Charles Allen, CEO of BTCS. 'Not only will the merge dramatically increase our rewards, but it should also improve scalability, increase energy efficiency by 99.95%, and enhance the security of Ethereum's blockchain. Imagine a diesel-engine freight train moving at the speed of light carrying items of significant value like digital assets and banknotes. The diesel engine had served the train well in powering the transportation of goods. However, now imagine that there are a few problems with the diesel engine that would be eliminated if a newer, electric engine was swapped in while the train was still driving. The diesel engine being hinted at in the scenario above is the Proof-of-Work engine, and the Merge is that engine swap-- Ethereum's transition into a newer electric engine, PoS consensus algorithm. Consensus algorithms are the equivalent of engines that power some of the largest blockchains in the world today.' Maximum Extractable Value is a value that can be abstracted from modifying the order of transactions within a specific block(s). Miners largely captured MEV before the Merge; however, now, MEV will be distributed to validators."
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GFS | Hot Stocks08:49 EDT GlobalFoundries joins PHLX Semiconductor Sector Index - GlobalFoundries announced that the company has been added to the PHLX Semiconductor Sector Index, SOS, effective Monday, September 19, 2022. "We are proud to take our place on the Semiconductor Sector Index amongst other leading semiconductor companies," said David Reeder, CFO of GF. "Since our successful public listing on Nasdaq in October 2021, our growth strategy continues to drive a clear demand for, and confidence in, our differentiated solutions and company."
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MCK | Hot Stocks08:48 EDT McKesson signs agreement to acquire Rx Savings Solutions - McKesson Corporation announced that it has signed a definitive agreement to acquire Rx Savings Solutions, RxSS, a prescription price transparency and benefit insight company that offers affordability and adherence solutions to health plans and employers, reaching more than 17M current patients. The transaction is valued up to $875M, which includes a $600M upfront payment and a maximum of $275M of consideration contingent upon RxSS' financial performance through calendar year 2025. The transaction is subject to customary closing conditions, including regulatory review, and is expected to close in the second half of Fiscal 2023. "Rx Savings Solutions' offerings for employers and patients will strengthen McKesson's ability to help solve the most common medication challenges related to access, affordability and adherence," said Brian Tyler, chief executive officer, McKesson. "We expect the acquisition of Rx Savings Solutions to accelerate McKesson's growth priority in biopharma services by extending our ecosystem of differentiated medication access solutions to patients. Together with Rx Savings Solutions, McKesson will amplify our efforts to advance health outcomes for all." Following the closing of the transaction, RxSS will become part of the company's Prescription Technology Solutions business, which works across the healthcare delivery system to offer next-generation patient access, affordability and adherence solutions.
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PSEC | Hot Stocks08:47 EDT Prospect Capital announces launch of cash tender offer - Prospect Capital announced that it has commenced a cash tender offer to purchase any and all of the outstanding notes listed below. The Tender Offer will expire at 5:00 p.m., New York City time, on September 23, 2022, or any other date and time to which the Company extends the Tender Offer. The Tender Offer is made pursuant to an Offer to Purchase dated today and related notice of guaranteed delivery, which set forth the terms and conditions of the Tender Offer. The consideration to be paid for each $1,000 principal amount of Notes that are validly tendered and not validly withdrawn on or prior to the Expiration Time is $980.00, plus accrued and unpaid interest on the Notes, if any, from the applicable last interest payment date up to, but not including, the Settlement Date. The Company will purchase any Notes that have been validly tendered at or prior to the Expiration Time and accepted for purchase, subject to all conditions to the Tender Offer having been either satisfied or waived by the Company, promptly following the Expiration Time. Assuming the Tender Offer is not extended, the Company expects that the Tender Offer will settle and payment will be made on September 28, 2022.
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CS | Hot Stocks08:46 EDT Credit Suisse announces reverse splits of its USOI, GLDI, SLVO ETNs - Credit Suisse AG announced that it will implement 1-for-20 reverse splits of its Credit Suisse X-Links Crude Oil Shares Covered Call ETNs, Credit Suisse X-Links Gold Shares Covered Call ETN and Credit Suisse X-Links Silver Shares Covered Call ETNs, each expected to be effective as of September 27, 2022. The reverse splits will be effective at the open of trading on September 27, 2022. USOI, GLDI and SLVO will each begin trading on the Nasdaq Stock Market on a reverse split-adjusted basis on September 27, 2022. Holders of USOI, GLDI and SLVO who purchase such ETNs prior to September 27, 2022 will receive one reverse split-adjusted ETN for every twenty pre-reverse split ETNs. In addition, such purchasers that hold a number of ETNs not evenly divisible by twenty will receive a cash payment for any fractional ETNs remaining. The cash amount due on any partials will be determined on October 3, 2022 based on the respective closing indicative values of USOI, GLDI and SLVO on such date and will be paid by Credit Suisse AG on or about October 6, 2022.
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LMAO KDNY | Hot Stocks08:46 EDT SeaStar appoints Sai Prasad Iyer as VP, medical affairs, clinical development - SeaStar Medical announced the appointment of Dr. Sai Prasad N. Iyer, Ph.D to the position of Vice President, Medical Affairs and Clinical Development at SeaStar Medical, effective September 15, 2022. Dr. Iyer brings 20 years of industry experience and will provide leadership in developing and executing clinical trials, including SeaStar Medical's upcoming pivotal clinical trial of its Selective Cytopheretic Device for the treatment of acute kidney injury in adults. He will also lead the development and execution of the Company's Medical Affairs strategy, including external stakeholder management, communication, patient identification, evidence generation, publications, and medical education. Most recently, Dr. Iyer was the interim Head of Medical Affairs and Field Medical Director at Chinook Therapeutics.
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BLI | Hot Stocks08:45 EDT Berkeley Lights appoints Chaplin as Chief Legal Officer - Berkeley Lights announced that Scott Chaplin has been named the Company's chief legal officer and corporate secretary, effective immediately. Chaplin will have overall responsibility for the corporate legal function, including contracts, governance, compliance and management of its extensive intellectual property and patent portfolio. As chief legal officer, he will serve as an adviser to the chief executive officer, Board of Directors, and senior management members. Prior to Berkeley Lights, Chaplin served as chief legal and people officer at Shield AI, a technology company focused on AI software, robotics, and autonomy solutions for the national security sector..
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TRYPF | Hot Stocks08:44 EDT Tryp Therapeutics appoints Jim O'Neill as CFO - Tryp Therapeutics announced that it has expanded its leadership team with the appointment of Jim O'Neill as its CFO. In his new role, Mr. O'Neill will oversee all aspects of Tryp's finance and accounting organization. The appointment of Mr. O'Neill follows the planned transition of Sid Taubenfeld from interim CFO, to his current role as COO. Most recently, Mr. O'Neill founded and served as president of O'Neill & O'Neill Services Corp. providing financial consulting services including CFO and corporate secretarial services to TSXV and CSE listed companies as well as private businesses. In connection with his appointment, Mr. O'Neill has been granted an aggregate of 500,000 stock options. The Options have an exercise price of $0.17 per share, vest over a period of 36 months and are exercisable until September 15, 2032 and will be governed in accordance with the terms of the Company's stock option plan.
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REFR | Hot Stocks08:43 EDT Research Frontiers says SPD-SmartGlass shown throughout Europe in September - A series of high-profile showcases of SPD-SmartGlass have begun at various public events in Europe. Last week, in Italy, Suspended Particle Device electronically dimmable technology was unveiled in the panoramic sunroof on a new sports car model entering serial production for delivery to customers in the second half of next year. This week, SPD-SmartGlass will debut at two major events in Germany. Research Frontiers is the inventor of patented fast-responding SPD light-control technology for use in smart windows and other products. Gauzy is the industry leader in material sciences for smart windows and a licensee of Research Frontiers, as well as a strategic investor in Research Frontiers. Gauzy is a leading manufacturer of SPD light-control film, specializing in coating, and proprietary technology in electronics, control systems, and specialty interlayers and assembly processes. The company sells SPD-SmartGlass products and technologies for the architecture, automotive, aeronautics, mass transit, and boating industries. Gauzy's SPD LCG films are produced at Gauzy's factory near Stuttgart, Germany using chemicals and nanoparticles that Gauzy produces in Israel.
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TBLT | Hot Stocks08:41 EDT ToughBuilt announces family of tape measures, chalk reels - ToughBuilt Industries announced the Company's entrance into the global measuring and marking market segment category with a feature-rich family of tape measures and chalk reels.ToughBuilt enters this category with both Imperial and Metric ProBlade Tape Measures, each featuring a triple-coated nylon high-contrast blade, 11ft. standout, and an intuitive Blade Control trigger that brings professionals exceptional command at a touch when in use. These products are anticipated to position ToughBuilt as an immediate standard-bearer in the segment, serving professionals, enthusiasts, and do it your self-customers. The Company's latest products will be made available for purchase from October through a leading US home improvement retailer and across ToughBuilt's growing strategic networks of North American and global trade partners and buying groups, servicing over 15,500 storefronts worldwide.
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WSC | Hot Stocks08:40 EDT WillScot Mobile Mini acquires Allied Office Trailers and Storage Containers - WillScot Mobile Mini Holdings announced it acquired Allied Office Trailers and Storage Containers. This acquisition adds approximately 8,000 rental assets to WillScot Mobile Mini's fleet of mobile offices and portable storage containers and expands the Company's existing operations along the eastern United States.
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IDT | Hot Stocks08:39 EDT Boss Money, UBA partner to expand remittance options to Nigeria - BOSS Money and Africa Global Bank announced a collaboration to expand disbursement options for money transfers from the U.S. to Nigeria. The partnership will enable BOSS Money customers to send U.S. dollars for direct deposit at any of the approximately 20 million United Bank for Africa accounts in Nigeria. Through the partnership, BOSS Money customers will be able to transfer up to US$100 to Nigeria for as little as US$3.99 or transfer up to US$2,999 for as little as US$6.99 when using the BOSS Money or BOSS Calling apps.
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POAI | Hot Stocks08:38 EDT Predictive Oncology strengthens offerings with GMP Lab - Predictive Oncology announced several key developments to further strengthen the company's offerings for pharmaceutical and biotech customers. First is Predictive Oncology's Good Manufacturing Practices lab, which opens the opportunity to help clients move from pre-clinical drug development to the investigational new drug qualification, including phase 1 clinical trials. The company has begun accepting orders. Second, Predictive Oncology is pleased to announce the addition of a strategic advisor with two decades of experience in drug development. As a consultant to the company, Dr. Kamal Egodage, President of Canopy Biopharma, will lead formulation development and sales growth strategies for Predictive Oncology's drug formulation area of business. Dr. Egodage will oversee the development and sales of formulations that solubilize and stabilize biological therapeutics, including vaccines that encompass proteins, peptides, virus-like particles and whole live attenuated viruses.
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RNXT | Hot Stocks08:37 EDT RenovoRx snnounces Angela Gill Nelms joins as COO - RenovoRx announced that Angela Gill Nelms has joined the company as Chief Operating Officer . "Angela is a growth-oriented operational leader with experience in clinical trial management, a proven track record for driving innovation, and building high-functioning teams," said Shaun Bagai, CEO of RenovoRx. "Today, we are laser-focused on advancing our Phase 3 TIGeR-PaC clinical trial, launching our Phase 2/3 clinical trial in extrahepatic cholangiocarcinoma, and expanding our clinical pipeline to fight difficult-to-treat cancers via our innovative therapy platform. Angela is the ideal leader to step in as COO at this pivotal juncture in RenovoRx's dynamic trajectory."
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SFET | Hot Stocks08:36 EDT Safe-T announces three new customers for enterprise privay unit - Safe-T Group announced that its enterprise privacy unit won three new leading customers to use its advanced solution for advertising fraud detection, mitigation, and prevention.
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MPLX LNG | Hot Stocks08:35 EDT Whistler Pipeline announces new JV pipeline With Cheniere - WhiteWater Midstream announced that subsidiaries of Whistler Pipeline, and Cheniere Energy, (LNG) have executed agreements to move forward with the construction of the ADCC Pipeline, which is a new joint venture 42-inch pipeline that is expected to extend approximately 43 miles from the terminus of the Whistler Pipeline to Cheniere's Corpus Christi Liquefaction Facility. The ADCC Pipeline has been designed to transport up to 1.7Bcubic feet per day of natural gas, expandable to 2.5 Bcf/d of natural gas, and is expected to be in service in 2024, pending the receipt of customary regulatory and other approvals.The Whistler Pipeline is owned by a consortium including MPLX (MPLX), WhiteWater, and a joint venture between Stonepeak and West Texas Gas.
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OSIS | Hot Stocks08:34 EDT OSI Systems increases share repurchase program to 2M shares - OSI Systems announced that the company's board of directors has increased the number of shares available under the company's current share repurchase program to 2M shares. Of the 3M shares authorized for repurchase under the buyback program established in 2020, the company has purchased approximately 1.9M shares of common stock.
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ENGA | Hot Stocks08:34 EDT Bebuzee completes audit of consolidated financial statements - Bebuzee is pleased to announce that Accell Audit and Compliance, PA, its independent audit firm, has completed its audit of the Company's consolidated financial statements for the periods as of June 30, 2021 and 2022, the Company plans to uplist. The Company also announced that over recent months it has taken steps to consolidate its operations under the Bebuzee Inc. operating company. The consolidations include Bebuzee's Cayman Islands, Bebuzee UK, Bebuzee Ireland and Bebuzee Malta.
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MCK | Hot Stocks08:33 EDT McKesson to acquire Rx Savings Solutions for $600M upfront - McKesson announced that it has signed a definitive agreement to acquire Rx Savings Solutions, or RxSS, a prescription price transparency and benefit insight company reaching more than 17M current patients. The transaction is valued up to $875M, which includes a $600M upfront payment and a maximum of $275M of consideration contingent upon RxSS' financial performance through calendar year 2025. The transaction is subject to customary closing conditions, including regulatory review, and is expected to close in the second half of Fiscal 2023. Following the closing of the transaction, RxSS will become part of the company's Prescription Technology Solutions business, which works across the healthcare delivery system to offer patient access, affordability and adherence solutions. The combined organization will endeavor to bring new capabilities for employers and patients to McKesson's portfolio of pharmacy, provider, payer, and biopharma services. After initial integration, McKesson expects to use the combined medication access, affordability, and adherence services as a foundation to build new outcomes management programs for biopharma and payers, differentiated by their reach and efficacy at three touchpoints: provider office, pharmacy counter, and direct patient tools.
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BSFC | Hot Stocks08:32 EDT Blue Star Foods extends multi-year supply relationship with Avendra - Blue Star Foods announced that it recently signed a multi-year extension to its multi-year supply contract with privately-held Avendra. The Bid Award Purchase Agreement is effective starting August 2022, and is for purchase and distribution of the Company's Blue Star crab meat branded products.
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BBSI CB | Hot Stocks08:31 EDT Barrett Business appoints Joseph Clabby to board of directors - The board of directors of Barrett Business Services (BBSI) has appointed Joseph Clabby as a director effective September 16. His appointment expands the board to nine members. Clabby recently retired from Chubb Limited (CB). He spent over twenty years with ACE Limited and then Chubb following its merger with ACE in a number of senior executive positions, including board roles at several affiliated companies.
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JWEL | Hot Stocks08:29 EDT Jowell Global enters strategic partnership with So.Di.Co Group - Jowell Global announced it has established strategic partnership with So.Di.Co Group, a company headquartered in Milan, Italy, to promote the sales of its organic and natural personal care products under its own brands and its contracted IP derivative products in China. In addition, Jowell Global and So.Di.Co Group will co-develop OEM and ODM suppliers in China for So.Di.Co Group's new product development and enhanced production capacity mainly for China market.
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APLD MARA | Hot Stocks08:28 EDT Applied Blockchain announces groundbreaking of 180MW facility in North Dakota - Applied Blockchain (APLD) announces the groundbreaking of its 180-megawatt hosting facility in Ellendale, North Dakota occurred on September 8, 2022. The next-generation datacenter marks the second facility within the state, following the successful 100MW facility in Jamestown, North Dakota that opened earlier this year. The Ellendale facility is expected to begin energizing early in the first half of calendar 2023, leveraging experience the Company gained from the construction and operation of its Jamestown facility. The Ellendale facility officially marks the third next-generation datacenter for Applied Blockchain, with the construction of its 200MW facility in Garden City, Texas progressing ahead of schedule with several buildings already erected. Applied Blockchain entered into a five-year Energy Service Agreement with a utility partner in Dickey County servicing Ellendale, North Dakota on September 1, 2022. Available transmission capacity and excess wind generation, in addition to strong relationships with North Dakota communities, and contractors to assist with facility construction and operation, were key factors in choosing the location. In conjunction with the execution of the ESA and groundbreaking, Applied Blockchain and Marathon Digital Holdings (MARA) mutually executed the option for an additional 70MW of hosting at the Ellendale location. This brings contracted capacity with Marathon to 276MW and total contracted hosting for the Company to nearly 500MW.
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YAYO | Hot Stocks08:26 EDT EVmo opens new rental facility near LAX Airport - EVmo announced the opening of a new RideShare Rental facility in Manhattan Beach, CA, on the outskirts of the Los Angeles International Airport and close to the dispatch centers for two of the major ride-hailing companies. The new location, which was previously a rental car facility for a national chain, is now the largest of the company's rental locations and can support the rental and maintenance needs of the company's rapidly growing rental fleet. In addition, the new location offers drivers easy access to public transportation, expanded parking, and proximity to multiple major transportation hubs.
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UBX | Hot Stocks08:25 EDT Unity Biotechnology completes enrollment in Phase 2 ENVISION study - UNITY Biotechnology has completed enrollment for the ENVISION study, its Phase 2 clinical trial of UBX1325 in patients with wet age-related macular degeneration. This is an active comparator study, examining the efficacy of two doses of UBX1325 compared to every other month treatment with aflibercept through 24 weeks.
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ENPH | Hot Stocks08:24 EDT Enphase, Gaslicht.com expand IQ microinverter deployments in Netherlands - Enphase Energy announced that Gaslicht.com is seeing an increase in deployments of residential solar energy systems powered by the Enphase IQ7 family of microinverters. Gaslicht.com's energy platform is growing rapidly with year-over-year growth of more than 20 percent.
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SAI | Hot Stocks08:22 EDT SAITECH announces sponsorship of 2022 Cryptocurrency Research Conference - SAI.TECH Global Corporation announces its sponsorship and presentation on the 2022 Cryptocurrency Research Conference, to be held in Durham, the United Kingdom, from September 22 to 23, 2022. Cryptocurrency Research Conference provides a forum for presenting new ideas and discussing the development trends of cryptocurrency research. SAI.TECH started its sponsorship relationship with CRC since 2021.
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EAF | Hot Stocks08:22 EDT GrafTech suspends operations at Monterrey, Mexico facility - In a regulatory 8-K filing on Friday, the company stated: "On September 15, 2022, inspectors from the State Attorney's Office for the Secretary of Environment of the State of Nuevo Leon, Mexico visited GrafTech Mexico, S.A. de C.V.'s graphite electrode manufacturing facility located in Monterrey, Mexico to inspect GrafTech Mexico's facility and certain of the facility's environmental and operating permits. At the conclusion of the inspection, the inspectors issued GrafTech Mexico a temporary suspension notice. The inspector's notice instructed GrafTech Mexico's graphite electrode manufacturing facility to wind down operations within seven days of the notice. In parallel, the Director of Integral Air Management of the Undersecretary of Climate Change and Air Quality of the Ministry of the Environment determined that, among other things, GrafTech Mexico's operating license was no longer in effect. At this time, the Company is not able to assess how long operations at the manufacturing facility will be temporarily suspended. While the Company strongly disagrees with this course of action, the Company is actively evaluating the notice and the allegations contained therein and the Company intends to work with the authorities to address these allegations and will vigorously defend against these allegations."
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NTIC BP | Hot Stocks08:21 EDT Northern Technologies enters oil, gas contract with BP Exploration - Northern Technologies (NTIC) announced it has signed an initial contract with BP Exploration (BP) to supply chemical corrosion protection services for 12 BP storage tanks through December 2025.
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ALR | Hot Stocks08:21 EDT Alerislife announces appointment of Heather Pereira CFO - AlerisLife announced that Heather Pereira has been appointed as Senior Vice President, Chief Financial Officer and Treasurer, effective September 19. Pereira most recently served as Vice President and Corporate Controller of Acushnet Holdings Corp. since May of 2017. Previously, starting in 2004, Ms. Pereira held several roles within the accounting and finance departments of Acushnet Holdings. Ms. Pereira has over 20 years of accounting and finance experience and holds a Master's degree in Accountancy and Masters of Business Administration from Northeastern University and received a Bachelor of Arts degree from Boston College.
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IVCGF | Hot Stocks08:20 EDT Iveco Group displays product milestones toward net zero carbon mobility - The company said, "Iveco Group is participating in IAA Transportation 2022 with three of its brands: IVECO, IVECO BUS and FPT Industrial. Together, they are showcasing innovations that represent a fundamental step forward in Iveco Group's strategy to offer a full range of sustainable transport solutions for every customer, while contributing to its pledge to reach net zero carbon by 2040. IAA visitors will also be able to see the results of the "Iveco Group Way" to partner with relevant, like-minded, game-changing organisations such as Amazon Web Services, Hyundai, Microvast, Nikola and Plus, driving the transition to the mobility of the future together. In Hannover, IVECO and Nikola Corporation give substance to a new era in zero-emission, heavy-duty long haulage, with the commercial launch of the Nikola Tre Battery Electric Vehicle in its European configuration. They also unveil the beta version of the Nikola Tre Fuel Cell Electric Vehicle, which will enter the European market in 2024. Both vehicles are based on the first-ever electric modular platform for articulated heavy-duty trucks, for missions of approximately 500 km or 800 km in their initial launch configurations. In parallel, IVECO is also going to distinguish itself in the Light Commercial Vehicles sector, launching the new eDAILY - the electric twin of the best-selling van - and presenting the prototype of the eDAILY Fuel Cell Electric Vehicle powered by Hyundai's fuel cell system. This advancement is a tangible outcome of the collaboration between Iveco Group and Hyundai Motor Company, which began with the signing of a Memorandum of Understanding in March 2022."
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CURLF | Hot Stocks08:19 EDT Curaleaf completes majority stake acquisition of Four 20 Pharma - Curaleaf Holdings announced the completion of its agreement to acquire a 55% stake in Four 20 Pharma, a fully EU-GMP & GDP licensed German producer and distributor of medical cannabis. Boris Jordan, Executive Chairman of Curaleaf, stated, "We are pleased to complete the transaction with Four 20 Pharma and I am personally thrilled to welcome Torsten and Thomas to the Curaleaf family. Our early focus on Europe has given Curaleaf a formidable strategic asset and strong foundation in one of the industry's critical global markets. Curaleaf is the only U.S. MSO uniquely positioned to capitalize on the opportunity." With the close of the transaction, Curaleaf has solidified a strategic pathway to acquire complete control of Four 20 Pharma after two years of the commencement of adult-use in Germany, which is slated to begin in early 2024.
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LHX ERJ | Hot Stocks08:19 EDT L3Harris Technologies, Embraer enter pact to develop new agile tanker - L3Harris Technologies (LHX) and Embraer (ERJ) announced a partnership to develop an "Agile Tanker," a tactical aerial refueling option to address the U.S. Air Force's operational imperatives and joint force refueling requirements especially for contested logistics environments. The companies signed an agreement to expand the capabilities of Embraer's KC-390 Millennium tactical tanker aircraft. Enhancements include the addition of advanced boom operations and mission systems to support agile basing and sustainment for operations in contested areas, and resilient communications supporting JADC2 requirements.
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PRCT | Hot Stocks08:18 EDT Procept BioRobotics, Providence enter multi-system, national contract - PROCEPT BioRobotics and Providence announced a multi-system, national contract to acquire AquaBeam Robotic Systems. As of June 30, 2022, Providence had seven AquaBeam Robotic Systems installed across California and Texas.
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MEDXF | Hot Stocks08:17 EDT Medexus assumes full responsibility for commercializing Gleolan in the U.S. - Medexus has now assumed full responsibility for commercializing Gleolan in the United States and has begun shipping Medexus-labeled product to customers across the country. Gleolan sales since March 2022, when Medexus acquired exclusive U.S. commercialization rights, have been in line with Medexus's expectations, and the company expects to continue that strong performance over the coming months. Medexus previously estimated that Gleolan had generated US$3 million to US$4 million in revenue in the last full quarter before Medexus acquired the exclusive right to commercialize Gleolan in the United States. During the now-completed transition period, Medexus had recognized a portion of total net sales in its revenue, net of an estimated royalty amount. September 2022 will be the first full month in which Medexus recognizes 100% of Gleolan net sales, on which Medexus will pay a tiered annual royalty. Michael Adelman, General Manager-U.S. Operations, commented: "Completing this seamless transition to full commercialization responsibility is an important accomplishment for patients and customers. We and our partners have worked hard to ensure uninterrupted access to Gleolan and related support programs, and we remain focused on realizing Gleolan's full potential to improve neurosurgeons' ability to help high grade glioma patients across the United States and Canada, where Medexus launched Gleolan in February 2021. The institutional sales infrastructure we have built in our U.S. business will serve as a foundation for additional products with similar target accounts."
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MEDXF | Hot Stocks08:16 EDT Medexus says FDA delivers medac second notice of incomplete response - On Friday, September 16, Medexus Pharmaceuticals was informed by medac, licensor of Medexus's commercialization rights to treosulfan, that the U.S. Food and Drug Administration has delivered to medac a second notice of incomplete response regarding medac's new drug application resubmission for treosulfan. The FDA's notice requests further supporting information from medac to complete medac's NDA resubmission but does not require submission of new clinical data. Medexus will provide an update to its shareholders and stakeholders once management knows whether the resubmission has been accepted and is better able to assess the impact of this delay. "While we recognize that the FDA's response timeline has proven longer than anticipated, we are encouraged to see that the Agency remains engaged with medac to find a path towards resubmission," commented Ken d'Entremont, CEO of Medexus. "We continue to seek opportunities to collaborate with medac to the extent permitted by our license agreement in order to support medac in satisfying the FDA's requests and in upholding their responsibility for treosulfan regulatory matters. We are evaluating the potential impact of this delay, including on the timing of a commercial launch in the United States, and we are working with our regulatory and legal advisors to plan accordingly. We firmly believe that treosulfan would make a substantial difference for U.S. patients, as it has in Europe and Canada, and we remain optimistic about the prospect of a treosulfan approval in the United States. We remain focused on delivering strong revenue growth and improved overall performance in our current portfolio of products in both the United States and Canada. We were pleased to announce the strongest fiscal Q1 in our company's history by delivering a record US$23.0 million of revenue and improved operating performance. Overall, our monthly results so far suggest that we are heading towards another strong quarter."
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OSPN | Hot Stocks08:16 EDT OneSpan appoints Stuti Bhargava as Chief Customer Experience Officer - OneSpan announced the appointment of Stuti Bhargava as its first Chief Customer Experience Officer, a newly created position at OneSpan, representing a significant step in the company's commitment to customers and their end-to-end experience. With more than 20 years of technology experience, including 10 years leading customer success teams, Bhargava will lead OneSpan's customer success organization and partner with its customers to unlock insights, build winning products and drive business growth. Bhargava will join OneSpan's executive leadership team and report to Matthew Moynahan, OneSpan's President and CEO.
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ENPC | Hot Stocks08:15 EDT Executive Network Partnering, Grey Rock announces $1.3B business combination - Grey Rock Investment Partners and Executive Network Partnering announced the entry into a definitive agreement to complete a $1.3B business combination resulting in the formation of publicly traded Granite Ridge Resources, Inc. Luke Brandenberg, future CEO of Granite Ridge, commented, "The Grey Rock Funds delivered outstanding operational and financial results for the first half of 2022, including achieving daily production and Adjusted EBITDA records of approximately 17,563 Boe/d and $183 million, respectively, while adding additional high-quality inventory through the acquisition of approximately $21 million of new oil and gas properties. Subsequent to June 30, 2022, the Grey Rock Funds reduced debt by an approximate additional $42 million and acquired approximately an additional $17 million of new oil and gas assets. These results speak to the high quality of the Grey Rock Funds' team, diverse asset base, and capital efficiency of the non-op strategy. Development activity on the assets within the Grey Rock Funds remains robust, as exhibited by the 15.8 net wells brought online since the beginning of the year and the additional 17.1 net wells currently in the development process. As the Grey Rock Funds look at the remainder of 2022, we anticipate a slight reduction in projected production from the operators drilling the assets of the Grey Rock Funds as some operators, given supply and labor constraints, are delaying bringing wells online. This delay may push approximately 4% to 5% of the planned 2022 production on the assets of the Grey Rock Funds from 2022 into 2023. These results should position Granite Ridge for strong financial performance in 2023 following the completion of the planned Business Combination in the fourth quarter of 2022."
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RUM CFVI | Hot Stocks08:15 EDT Rumble to begin trading under ticker symbol RUM - Rumble (RUM) announced that after successfully completing its business combination with blank check company CF Acquisition Corp. VI (CFVI), trading of Rumble's common shares will begin on the NASDAQ stock exchange today. At market open, the ticker symbol will switch from "CFVI" to "RUM" for the company's common shares. "As a mission-driven company, we do everything with a purpose," said Rumble Chairman and CEO Chris Pavlovski. "As we considered available tickers, the history of rum as a symbol of freedom was the perfect match for Rumble."
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PWFL | Hot Stocks08:14 EDT PowerFleet unveils new brand identity - Powerfleet unveiled its new brand identity. Powerfleet's new brand strategy focuses on being the "People Powered IoT" company, born from the knowledgeable, passionate, empathetic, and customer-centric qualities and values of its global team. As part of the company's brand evolution, the Pointer operating division and Innovation Center in Israel will take on an increased importance globally as the technology incubation hub and proving ground for advanced IoT solutions. The previous Pointer subsidiaries in Latin America and South Africa are all integrating into one global Powerfleet brand and organization.
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BLMN | Hot Stocks08:14 EDT Bloomin' Brands appoints Suzann Trevisan as Chief Human Resources Officer - Bloomin' Brands, announced the appointment of Suzann Trevisan to Senior Vice President, Chief Human Resources Officer for Bloomin' Brands. Trevisan will lead the company's Human Resources function and join the Executive Leadership Team. "Suzann's depth is grounded in talent management, total rewards and diversity, the foundation of every great human resource practice," said David Deno, Chief Executive Officer of Bloomin' Brands. "I look forward to working with her to build upon our existing strong culture of excellence and to support our long-term growth plan."
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GANX | Hot Stocks08:14 EDT Gain Therapeutics presents preclinical data on GT-02287 - Gain Therapeutics announced the presentation of new preclinical data at the International Congress of Parkinson's Disease and Movement Disorders 2022 Annual Meeting in Madrid, Spain, evaluating the neuroprotective effect of Gain's lead 'Structurally Targeted Allosteric Regulator' compound, GT-02287, in preclinical in vitro and in vivo models of Parkinson's disease. The results from these latest in vitro and in vivo studies are consistent with previous data presented by the Company and demonstrate statistically significant, dose-dependent effects of GT-02287, the Company's lead compound for the treatment of Parkinson's disease. First, by protecting against key pathophysiological hallmarks of Parkinson's disease, including neurite and lysosomal pathology, and second, by reducing fine motor skill impairment in mice in conduritol beta-epoxide models designed to mimic the neurodegenerative effects of Parkinson's disease. In a poster presentation on September 17, 2022, entitled "GT-02287, A Brain-penetrant Structurally Targeted Allosteric Regulator of Glucocerebrosidase Shows Evidence of Pharmacological Efficacy in Conduritol beta-epoxide Models of Parkinson's Disease," Gain scientists showcased new preclinical data evaluating the neuroprotective effects of GT-02287 following CBE administration. In the first study, the ability of GT-02287 to neutralize CBE-mediated neurodegeneration was evaluated in rat mesencephalic neurons. In this study, CBE was applied followed by administration of GT-02287 at either 4 or 24 hours post CBE insult at doses of 1 microM or 12.5 microM. Three days following insult with CBE, neuronal cultures were fixed and stained for tyrosine hydroxylase, a marker for dopaminergic neurons. Neuronal survival, neurite network and lysosomal health parameters were all evaluated. The results showed that GT-02287 produced a statistically significant therapeutic effect on both the mesencephalic neurite network and overall lysosomal health, supporting results from earlier preclinical studies showing that enhancement of lysosomal glucocerebrosidase activity by GT-02287 protects against the key pathophysiological hallmarks of Parkinson's disease. In a follow-up behavioral assessment study evaluating the neuroprotective effects of GT-02877 in a mouse CBE/alpha-synuclein model, mice were bilaterally injected with alpha-synuclein preformed fibril into the striatum and administrated daily for fifteen days with the CBE and GT-02287 treatment at doses of 30 mg/kg, 60 mg/kg or 90 mg/kg for fourteen days. Fine motor skills were then assessed and compared to results from vehicle control and untreated animals. At each dose level and in a dose-dependent manner, GT-02287 demonstrated statistically significant improvements in locomotor deficits compared to CBE/alpha-synuclein-injured animals, confirming the neuroprotective benefit observed in vitro in this industry standard Parkinson's disease in vivo locomotor model. Through its proprietary SEE-Tx platform, Gain has identified GT-02287, the Company's lead compound for Parkinson's disease, which has the ability to restore the function of GCase, the misfunction of which is implicated in various neurodegenerative diseases. The compound has been characterized in numerous assays and showed the potential to halt disease progression in Parkinson's patients with GBA1 gene mutations as well as patients whose glucocerebrosidase protein was misfolded due to ageing cellular processes. This work was supported through grants from The Michael J. Fox Foundation and the Silverstein Foundation for Parkinson's with GBA and certain of its findings have been presented by Gain scientists and collaborators at previous medical conferences.
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LDOS | Hot Stocks08:13 EDT Leidos selected by US Air Force for ABMS DI Consortium - Leidos was recently selected by the U.S. Department of the Air Force to join the service's newly launched Advanced Battle Management System, ABMS, Digital Infrastructure, DI, Consortium. As part of the consortium, Leidos will collaborate with industry partners to design, develop, and deploy modern Joint All-Domain Command & Control capabilities for the Air Force and Space Force. "Establishing the DI Consortium is a significant milestone in realizing the DoD's JADC2 efforts," said Gerry Fasano, Leidos Defense Group President. "The Leidos team looks forward to bringing our decades of systems integration and digital modernization expertise to help drive the DoD's JADC2 strategy to reality." With the consortium members, Leidos will work to deliver the Department of the Air Force's vision for distributed battle management and decision advantage by enabling speed, security, and integration at scale.
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RVNC | Hot Stocks08:11 EDT Revance publishes efficacy/safety profile of DAXXIFY for injection - Revance Therapeutics announced the publication of two peer-reviewed articles in Aesthetic Surgery Journal, the official journal of The Aesthetic Society. The publications reported the impact of DAXXIFY or DaxibotulinumtoxinA-lanm) for injection on brow position and frontalis muscle activity from a post-hoc analysis of patients in the Phase 2a forehead line study and the SAKURA open-label safety study as well as presenting the efficacy and safety of DAXXIFY analyzed by age and race based on a subgroup analysis of the SAKURA glabellar lines clinical trials. "The newly released publications in the Aesthetic Surgery Journal showcase Revance's commitment to generating novel data that helps healthcare providers more fully understand the clinical performance of DAXXIFY ," said Conor Gallagher, PhD, Vice President of Medical Affairs and Scientific Innovation at Revance. "This data demonstrates that treatment of frown lines with DAXXIFY results in an overall positive change in eyebrow position even with a modest reduction in forehead muscle activity."
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BKSY | Hot Stocks08:11 EDT BlackSky wins $13.8M in orders from NGA contract - BlackSky has received a combined total of $13.8M of orders to date within the first year of a five-year National Geospatial-Intelligence Agency, or NGA, contract to monitor global economic activity. Competitively procured, the orders are part of a five-year Indefinite-Delivery/Indefinite-Quantity, or IDIQ, NGA contract announced in September 2021 to monitor global economic activity.
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ARRY | Hot Stocks08:11 EDT Array Technologies launches Array OmniTrack, Array STI H250 - Array Technologies is launching its two newest product offerings, Array OmniTrack and Array STI H250, at RE+ in Anaheim, Calif. from September 19-22. Building on the Company's more than 30-year long history of advanced solar technology, the U.S. launch of Array OmniTrack and Array STI H250 product families expands Array's existing line of DuraTrack products. The three tracker product lines address varying customer requirements and the changing needs of the utility-scale solar industry and meet the IRA's domestic sourcing content requirements. Array's comprehensive product portfolio and track record of innovation provides customers with solutions that meet the requirements and priorities of their site. With these new product introductions, Array continues to deliver reliability, ease of installation, and extreme weather risk mitigation that provide optimal project returns to developers and engineering, procurement, and construction companies.
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GP | Hot Stocks08:10 EDT GreenPower Motor provides updates on secured vouchers - GreenPower Motor Company announced that it has secured another 85 vouchers under the California HVIP program for 75 EV Star 22' Cargo vans, eight EV Star Box Trucks and two EV Star 25' Cargo vans. GreenPower has also delivered 15 EV Stars to customers with vouchers under the New Jersey ZIP and California HVIP incentive programs this quarter with deliveries being scheduled for 55 EV Stars with existing vouchers. These sales are in addition to Workhorse and school bus sales "GreenPower's EV Star 22-foot cargo van has quickly become our highest demand vehicle. Incentive programs offered by California where we have the second highest redemptions and New Jersey where we have the highest approved vouchers are making a difference with the adoption of all-electric vehicles," said Michael Perez, vice president of school bus, contracts and grants at GreenPower. "With the existing vouchers we have a steady stream of deliveries of EV Stars to customers over the next couple of months. GreenPower remains committed to providing a better, cleaner and safer transportation future and has the knowledge and expertise in successfully working with incentive programs."
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LKQ | Hot Stocks08:10 EDT LKQ Corp. appoints Varun Laroyia as CEO, LKQ Europe, Rick Galloway as CFO - LKQ Corporation announced the following leadership appointments, effective immediately: Varun Laroyia, Executive Vice President and CFO, has been appointed as CEO and Managing Director of LKQ Europe. Mr. Laroyia succeeds Arnd Franz, who is leaving the Company to join Mahle Group as its CEO, where he spent 18 years prior to joining LKQ Europe. Rick Galloway, CFO of LKQ's Wholesale - North America and Self Service segments, has been appointed as LKQ's Senior Vice President and CFO.
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PRPL | Hot Stocks08:09 EDT Coliseum Capital offers to acquire Purple Innovation for $4.35 per share - Coliseum Capital Management, owner of 45.0% of Purple Innovation's outstanding shares, disclosed that on September 17, 2022, it submitted a letter setting forth a non-binding proposal to acquire all of the company's outstanding shares that are not owned by Coliseum or its affiliates for cash consideration of $4.35 per share to the chairman of the board of directors. Coliseum stated that the proposal is conditioned upon the transaction being negotiated by, and subject to the approval of, a special committee of independent and disinterested members of the board and subject to a non-waivable condition requiring approval by the affirmative vote of a majority of the shares of common stock not owned by Coliseum or other interested parties. The proposal does not create any legal obligations and no such obligations will arise unless and until definitive transaction documentation with the company has been executed and delivered, Coliseum added. Shares of Purple Innovation are up 37% to $3.83 in premarket trading. Purple Innovation confirmed that it received an "unsolicited, non-binding proposal" from Coliseum Capital and that it will "carefully review the proposal to determine the course of action that it believes is in the best interest" of shareholders.
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RL | Hot Stocks08:09 EDT Ralph Lauren announces long-term targets ahead of investor day - The company said, "Over the next three years, from a base of Fiscal 2022 through Fiscal 2025, the Company expects an acceleration in revenue growth to a compound annual growth rate of mid- to high-single digits in constant currency. Operating profit growth is expected to exceed the rate of top-line growth as a result of continued operating margin expansion. Operating margin is expected to expand to at least 15% by Fiscal 2025 in constant currency, driven by a combination of modest gross margin expansion and operating expense leverage balanced with continued investments in the Company's long-term strategic priorities. In addition, capital expenditures are expected to represent approximately 4% - 5% of revenue annually through Fiscal 2025. The Company expects to continue returning excess free cash flow to shareholders over the next three years, with plans to return approximately $2 billion on a cumulative basis through Fiscal 2025 through its regular quarterly cash dividends and share repurchases, subject to the authorization of its Board of Directors and overall business and market conditions. The Company's Board of Directors increased the regular quarterly cash dividend on the Company's Common Stock by 9% to $0.75 per share at the beginning of Fiscal 2023, representing an annual dividend of $3.00 per share. The Company's current share repurchase authorization enables it to repurchase up to $1.4 billion in shares of Class A Common Stock, subject to overall business and market conditions. The Company's outlook is based on its best assessment of the current macroeconomic environment, including ongoing global supply chain and inflationary pressures, foreign currency volatility, the war in Ukraine, COVID-19 variants and other COVID-related disruptions."
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SGEN | Hot Stocks08:09 EDT FDA accepts Seagen's Tukysa combo with trastuzumab sNDA for priority review - Seagen announced that the U.S. Food and Drug Administration has accepted for Priority Review the supplemental New Drug Application seeking accelerated approval for TUKYSA or tucatinib in combination with trastuzumab for adult patients with HER2-positive colorectal cancer who have received at least one prior treatment regimen for unresectable or metastatic disease. The sNDA submission is based on the results of the pivotal phase 2 MOUNTAINEER trial. These data were presented at the European Society for Medical Oncology World Congress on Gastrointestinal Cancer in July 2022. "There are currently no FDA-approved therapies for metastatic colorectal cancer that specifically target HER2," said Marjorie Green, M.D., Senior Vice President and Head of Late-Stage Development, Seagen. "The FDA's prioritization of our application for tucatinib in combination with trastuzumab supports our belief in its significant potential to benefit people with previously treated HER2-positive metastatic colorectal cancer."
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NARI | Hot Stocks08:08 EDT Inari Medical announces results from U.S. cohort of FLASH Registry - Inari Medical announced outcomes of the fully enrolled 800-patient FLASH registry in pulmonary embolism. The data was presented during a Late-Breaking Clinical Trial session at the 2022 TCT conference on September 18th by Principal Investigator, Catalin Toma, MD, an Interventional Cardiologist at University of Pittsburgh Medical Center. The data was also simultaneously published in EuroIntervention, the official journal of EuroPCR and the European Association of Percutaneous Cardiovascular Interventions. FLASH is a prospective, multicenter, single-arm registry evaluating real-world patient outcomes after treatment of PE with FlowTriever. The primary endpoint, major adverse events comprising device-related mortality or major bleeding within 48 hours and intraprocedural device or procedure-related acute events, was low at 1.8%. Patients experienced immediate hemodynamic and symptom improvement with modest hospital resource burden, demonstrated by minimal need for adjunctive therapy and a median post procedure ICU stay of 0 days. All-cause mortality was only 0.8% at 30 days.
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VIRX SLN | Hot Stocks08:06 EDT Viracta Therapeutics announces CEO leadership succession - Viracta Therapeutics (VIRX) announced the succession of its President and Chief Executive Officer, Ivor Royston, M.D. to Mark Rothera, who was appointed as President and CEO and member of the Board of Directors, effective today. Dr. Royston will support the leadership transition and continue to serve as a member of the Board of Directors. Rothera brings more than 30 years of experience in the biopharmaceutical industry. Prior to joining Viracta, Rothera served as President and CEO of Silence Therapeutics (SLN).
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RYTM | Hot Stocks08:06 EDT Rhythm presents disease burden findings, analyses of setmelanotide data - Rhythm Pharmaceuticals announced the presentation of new findings on the burden of hyperphagia and obesity on patients with Bardet-Biedl syndrome and their caregivers during the 60th Annual Meeting of the European Society for Paediatric Endocrinology held in Rome on Sept. 15 to 17.Rhythm and its collaborators delivered one poster and three oral presentations during ESPE 2022, including data from new analyses that showed setmelanotide achieved substantial weight loss benefit in adolescent and pediatric patients with rare MC4R pathway diseases across three separate pivotal trials. Rhythm's CARE-BBS multi-country survey of adult caregivers of 242 individuals with hyperphagia and severe obesity due to BBS was designed to assess overall global impact and burden of disease on caregivers. CARE-BBS participants at the time of the survey were residents of the United States, Canada, United Kingdom or Germany.At ESPE 2022, Dr. Forsythe delivered an oral presentation entitled, "The Multifaceted Burden Experienced by Caregivers of Individuals with Bardet-Biedl Syndrome: Findings from the CARE-BBS Study," and a poster, "Caregiver Burden in Bardet-Biedl Syndrome: a Survey of Obesity and Hyperphagia Impacts." Together, these presentations highlighted that hyperphagia and obesity associated with BBS places a substantial burden on the lives of patients and their caregivers including their physical and mental health, productivity and social relationships. In addition, the findings illustrate how the negative impact of hyperphagia on caregivers affects family dynamics, emotional well-being, and caregiver employment. Jesus Argente, MD, Professor in the Department of Pediatrics and Pediatric Endocrinology, Universidad Autonoma de Madrid, delivered an oral presentation entitled, "Effects of Setmelanotide Treatment in Children and Adolescents with Proopiomelanocortin Deficiency, Leptin Receptor Deficiency, and Bardet-Biedl Syndrome," on data from post-hoc analyses of Phase 3 data across three pivotal trials. Data in this presentation showed that setmelanotide achieved substantial weight loss benefit in adolescent and pediatric patients ages 6 to 17 years old with severe obesity due to BBS, or POMC or LEPR deficiency. Highlights from the data include: mean reduction of -0.75 in BMI-Z score for patients with BBS; mean reduction of -0.55 in BMI-Z score for patients with LEPR deficiency; and mean reduction of -1.51 in BMI-Z score for patients with POMC deficiency. Dr. Argente also presented a poster entitled, "VENTURE: Design of a Phase 3 Multicenter, 1-Year, Open-label Trial of Setmelanotide in Pediatric Patients Aged 2 to less than6 Years with Rare Genetic Diseases of Obesity." In August 2022, Rhythm announced that it completed enrollment in this trial.
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HAL | Hot Stocks08:04 EDT Halliburton signs MoU with SDAIA for AI predictions - Halliburton announced that it has signed a Memorandum of Understanding, or MoU, with the Saudi Data and Artificial Intelligence Authority, or SDAIA, to address national and global energy challenges with DS365.ai to create data science and artificial intelligence, or AI, applications and solutions. Through the Artificial Intelligence Center for Energy, or AICE, which is a joint center between Ministry of Energy and SDAIA, the collaboration agreement pairs AICE's significant efforts and resources in the data and AI space with Halliburton's cloud-first AI and machine learning exploration and production tools along with its solutions that support more sustainable upstream operations. The two groups will share technologies and co-develop innovative solutions to aid in sustainability and subsurface prediction efforts for the oil and gas sector.
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TAK | Hot Stocks08:03 EDT Takeda Pharmaceutical, Enel North America enter long-term VPPA - Takeda and Enel North America announced the signing of a long-term virtual power purchase agreement, or VPPA, for the electricity delivered to the power grid from a 79 megawatt, or MW, portion of Enel's Seven Cowboy wind project in the state of Oklahoma in the U.S. The agreement, advised by Edison Energy, advances progress towards achieving Takeda's goals of reducing 40 percent of scopes 1 and 2 greenhouse gas, or GHG, emissions by 2025 and achieving net-zero1 GHG emissions for scopes 1 and 2 before 2035.
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REKR | Hot Stocks07:52 EDT Rekor Systems unveils AI-driven traffic data collection system - Rekor Systems announced the unveiling of its new non-intrusive AI-driven traffic data collection system. The system uses state-of-the-art computer vision and machine learning to deliver the utmost in safety, accuracy, performance, and simplicity for federally mandated vehicle classification data and more and will be demonstrated at ITS World Congress 2022.
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CRGE | Hot Stocks07:51 EDT Charge Enterprises selected by City Parking for EV charging infrastructure - Charge Enterprises announced the signing of a master service agreement for the strategy, planning and implementation of EV charging infrastructure with City Parking, New York City's largest privately owned parking management provider, with 135 owned and operated locations in the New York City Area.
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ACON | Hot Stocks07:50 EDT Nociscan selected for inclusion in NIH study for low back pain - Aclarion announced their participation in the Biomarkers for Evaluating Spine Treatments Trial funded through the Helping to End Addiction Long-term Initiative, or NIH HEAL Initiative. BEST will enroll over 800 patients at 12 leading academic teaching institutions across the United States, with a subset of 200 undergoing advanced biomarker profiling, which includes Nociscan. Chronic low back pain is a leading cause of opioid addiction in the U.S., and the NIH is addressing the opioid crisis through this initiative. Armed with $150M in funding, the NIH HEAL Initiative launched the Back Pain Consortium Research Program to study cLBP and recommend a definitive clinical trial to personalize cLBP treatments for each patient based on their specific biomarker profiles. BEST is the clinical trial BACPAC has designed to study the use of biomarkers as a means of optimizing the clinical treatment journey for cLBP patients.
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AEHA OCEA | Hot Stocks07:47 EDT Aesther Healthcare files preliminary proxy statement for Ocean Biomedical deal - Aesther Healthcare Acquisition and Ocean Biomedical announced that AHEA has filed with the U.S. Securities and Exchange Commission a preliminary proxy statement in connection with its proposed business combination with Ocean. The combined company will work to accelerate the development of Ocean Biomedical's core assets in oncology, fibrosis, and infectious diseases, all based on new target discoveries enabling first-in-class drug and vaccine candidates - developed through past and ongoing grants totaling $123.9 million. The Preliminary Proxy Statement contains information about the proposed Business Combination, including a business overview, terms of the Transaction, pro-forma financial information and risk factors related to the Transaction. Upon closing of the Transaction, Ocean Biomedical will be a wholly owned subsidiary of Aesther, and Aesther will change its name to Ocean Biomedical, Inc., and its common stock and warrants are expected to be listed on Nasdaq, under the symbols "OCEA" and "OCEAW," respectively. The Transaction is anticipated to provide Ocean with approximately $105 million of cash proceeds to its balance sheet, assuming no redemptions by AEHA's public shareholders. The Transaction includes up to $40 million committed backstop by Vellar Opportunity Fund SPV LLC - Series 3. Aesther has also entered into a Common Stock Purchase Agreement with White Lion Capital LLC, a Nevada limited liability company. The Purchase Agreement provides that White Lion Capital is committed to purchase the Company's Common Stock with an aggregate gross purchase price of up to $75,000,000 from time to time during the commitment period, which starts on the date of the filing of the initial registration statement covering the resale of securities issued under the Purchase Agreement, and shall terminate on the twenty-fourth month anniversary of the filing of such initial registration statement, on terms as specified in the Purchase Agreement. The combined company intends to use the net proceeds from the Transaction for the development, working capital, and supporting the operations of Ocean's assets in oncology, fibrosis, and infectious disease. The proposed Transaction was unanimously approved by the boards of directors of all parties and is expected to be completed in Q4 2022, subject to, among other things, the approval by Aesther stockholders, governmental, regulatory and third party approvals, satisfaction of minimum closing net tangible asset and cash requirements, and the satisfaction or waiver of other customary closing conditions.
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CHRS | Hot Stocks07:45 EDT Coherus Biosciences to launch CIMERLI in the U.S. on October 3 - Coherus BioSciences announced the commercial availability, beginning October 3, 2022, of CIMERLI, a biosimilar product interchangeable with Lucentis for all approved indications. CIMERLI is an anti-VEGF therapy within a class of biologics that has been revolutionary in helping retinal patients maintain or gain vision. CIMERLI was approved by the U.S. Food and Drug Administration in August 2022, having met FDA's standards of biosimilarity and interchangeability to the reference product, including safety, efficacy and quality. CIMERLI will be available on October 3, 2022, though U.S. specialty distributors at a list price of $1,360.00 and $816.00 per single-dose vial for the 0.5 mg and 0.3 mg dosages respectively. This represents a 30% discount from the list price of the reference product.
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ANPC | Hot Stocks07:44 EDT AnPac Bio appeals Nasdaq delisting notice - AnPac Bio-Medical announced that on September 16, 2022, the Company filed a request for a hearing before the NASDAQ Hearings Panel to present its financial data including Shareholders' Equity and plan with the applicable listing requirements. This request was due to a Staff determination letteron September 9, 2022 from the Listing Qualifications Department of The Nasdaq Stock Market notifying the Company of the Staff's determination to delist the Company's securities from The Nasdaq Capital Market due to the Company's failure to regain compliance with the $1 per share bid price requirement of Listed Securities required for continued listing as set forth in Listing Rule 5450(a)(1), following the 180 calendar day compliance period set forth in Listing Rule 5810(c)(3)(A). On September 16, 2022, Company received a letter from Nasdaq granting the appeal and scheduling the Nasdaq Hearings Panel for October 20, 2022. In the meantime, the Company will continue to be listed and its shares will continue to be traded on Nasdaq, pending a final written decision by the Nasdaq Hearings Panel after the October 20, 2022 hearing. On September 9, 2022, the Company received a Staff determination letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the Company of the Staff's determination to delist the Company's securities from The Nasdaq Capital Market due to its failure to regain compliance with the $1 Bid Rule within the 180 calendar day Compliance Period. Earlier, on March 8, 2022, Nasdaq staff notified the Company that the bid price of its listed security had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with the $1 Bid Rule. In accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until September 5, 2022, to regain compliance with the $1 Bid Rule. Since then, the Company has not regained compliance with the $1 Bid Rule, and Nasdaq staff believes that the Company is not eligible for a second 180 day Compliance Period because Nasdaq staff believes that the Company has not demonstrated compliance with the minimum $5,000,000 Shareholders' Equity initial listing requirement for The Nasdaq Capital Market. Nasdaq had written to the Company earlier that if Company has a Shareholders' Equity above $5,000,000, it may obtain another 180 day period. At the October 20, 2022 hearing, the Company intends to present its financial data including Shareholders' Equity and its plan to regain compliance with $1 Bid Rule to seek a second 180 day period. There can be no assurance that the Panel will grant the Company's request for a suspension of delisting or continued listing, even if the Company's financial data evidences sufficient Shareholders' Equity.
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CANN | Hot Stocks07:42 EDT Trees Corporation appoints Edward Myers as COO - The Company is pleased to announce the appointment of Edward Myers as its COO, effective September 16, 2022, deepening its bench of executive talent. Mr. Myers has been serving as an operations and financial consultant to the Company.
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CANN | Hot Stocks07:41 EDT Trees Corporation to acquire assets of Green Tree in cash, stock transaction - TREES has signed definitive documents to acquire the Green Tree Longmont and Green Tree Berthoud dispensaries in the state of Colorado, over 34,000 square feet of grow operations, and a state of the art manufacturing facility. This acquisition will add to the Company's current footprint in Colorado and will bring its total number of Colorado dispensaries to 4 along with 3 operational stores in Oregon, for a total of 7 retail dispensaries. The acquisition is expected to generate more than $10M of revenue with strong EBITDA margins within the TREES platform. Trees will acquire Green Tree for a combination of cash and stock. The Company is in the process of submitting the change of ownership application with the Colorado Marijuana Enforcement Division for all of the assets to be acquired, and expects the acquisition to close in the fourth quarter of 2022. When the transaction closes, the senior leadership of Green Tree will become an important part of the Trees team. Allyson Feiler, the founder of Green Tree, will become a member of the Trees Board of Directors and join the executive management team as Chief Marketing Officer. Loree Schwartz, Owner, CFO and Head of Compliance of Green Tree, will also join the Trees executive team as Chief Compliance Officer.
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DMTTF | Hot Stocks07:38 EDT Small Pharma completes enrollment in Phase IIa DMT-assisted psychotherapy trial - Small Pharma announces that it has completed enrollment in the Phase IIa clinical trial of its intravenous formulation of N, N-dimethyltryptamine candidate, SPL026, with psychotherapy for the treatment of Major Depressive Disorder. This formulation recently received patent protection in the United States under patent no. 11,406,619 for injectable formulations of DMT based compounds. The Phase IIa trial is a blinded, randomized, placebo-controlled, proof-of-concept study of IV SPL026 in combination with psychotherapy, evaluating the efficacy of a single active dose versus placebo at two weeks, and generating a safety and tolerability dataset of SPL026 in patients with MDD. In addition, all participants are rolled into a second phase of the study where they receive a dose of SPL026 with psychotherapy. Efficacy will be assessed using the Montgomery-Asberg Depression Rating scale to measure any changes in the patients' depression symptoms. Enrollment into the study and the required dosing for the primary endpoint is now complete. The final dosing session for the second phase of the study is expected to be completed within the next two weeks. All patients are subsequently followed-up for 12 weeks. Topline data is anticipated shortly thereafter.
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TGA EGY | Hot Stocks07:37 EDT Horizon Partners calls TransGlobe statements 'desperate, false' - Horizon said, "Horizon Partners, a privately-owned firm that manages the Horizon Absolute Return Fund Limited, which is a shareholder of TransGlobe Energy Corporation (TGA), issued a public statement responding to the desperate and false statements made by TransGlobe in its September 16, 2022, press release. Horizon repeats its call for all shareholders of TransGlobe to VOTE AGAINST the proposed plan of arrangement pursuant to which Vaalco Energy (EGY) would acquire all of the issued and outstanding common shares of TransGlobe in a stock-for-stock business combination transaction . The Proposed Transaction will be considered at a special meeting of the Company currently scheduled to take place on September 29, 2022... At the time the Proposed Transaction was announced, Horizon communicated its concerns based on its evaluation of the Proposed Transaction to TransGlobe management and the Chairman of the Board. The response received was that Horizon's concerns would be addressed in future disclosure, including in the management information circular to be issued in connection with the Proposed Transaction. However, none of these concerns were addressed. At the time of the publication of our first press release, we reached out to management and made ourselves available to discuss our views, but management has failed to respond. Horizon had expected that the Board of Directors would exercise its duties to act in the best interests of the Company and seriously consider and address the legitimate concerns and alternative views expressed by its shareholders, however the Board has instead chosen to use its efforts to label such views as "spurious" and questioning motives unfairly and without basis, accusing us of pursuing selfish "short-term objectives" and "misrepresenting the transaction". Clearly, our only objective is to maximize shareholder value for ourselves and all of our fellow TransGlobe shareholders...In summary, TransGlobe's failed attempt to discredit Horizon's analysis focused its criticisms on tangential elements of the analysis, but failed to address the primary concern of Horizon and the fellow shareholders that have contacted us, namely, that the current terms of the Proposed Transaction severely undervalue TransGlobe given that the Company is in a position to monetize value in the next 12 months that equals or exceeds the USD 231 million consideration offered to TransGlobe shareholders in the Proposed Transaction, while keeping its full stake in its core Egyptian business..Horizon thanks its fellow shareholders for the tremendous support we have received to date and urges all TransGlobe shareholders who have not done so already to VOTE AGAINST the Proposed Transaction AS SOON AS POSSIBLE."
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TRVI | Hot Stocks07:36 EDT Trevi Therapeutics announces data from its Phase 2 CANAL trial of Haduvio - Trevi Therapeutics announced positive results from the full set of subjects in its Phase 2 Cough And NALbuphine, CANAL, trial of Haduvio for the treatment of chronic cough in IPF. Dr. William Forbes will present the data during the Company's Virtual R&D Day today. Following the statistically significant efficacy results from the CANAL trial's interim analysis conducted in February 2022, the Company concluded enrollment early in March 2022 and allowed enrolled subjects to complete the trial. Topline data from the full set of subjects in the Phase 2 CANAL trial was statistically significant for the trial's primary endpoint and showed a 52.5% change compared to placebo, with a 75.1% reduction in the geometric mean percent change in daytime cough frequency for Haduvio. "We are pleased to announce the positive results from the full set of subjects from the CANAL trial, which are consistent with the previously announced interim analysis and further demonstrated that Haduvio has the potential to reduce IPF patients' cough," said Jennifer Good, President and CEO of Trevi Therapeutics. "We analyzed the change of 24hr cough frequency as well as daytime cough frequency and observed consistent reductions for both measurements. There are no approved therapies for chronic cough in these patients, and we are excited to continue our development in this indication and look forward to starting our next clinical trial for these patients in the first half of 2023. We would like to thank the CANAL trial participants and investigators for their contribution to this research as we look to improve IPF patients' quality of life." Additional Efficacy Analyses: Haduvio subjects had a 76.1% reduction in 24hr cough frequency compared to a 25.3% of placebo subjects, a 50.8% placebo-adjusted change. In a post-hoc analysis, 97% of Haduvio subjects had at least a 30% reduction in 24hr cough frequency compared to 35% of placebo subjects, signifying a clinically meaningful reduction in cough. Subjects on Haduvio experienced a statistically significant improvement as measured by their patient reported outcomes compared to placebo over the 3-week treatment period in the EXACT2: Cough Frequency Score and Cough Severity Numerical Rating Scale. Based on the Clinical Global Impression of Change rating measuring clinicians' view of change since the start of the trial, 62% of Haduvio subjects improved vs. baseline compared to 19% of placebo subjects. Safety and Tolerability Results: The safety results of the trial were generally consistent with the known safety profile of Haduvio from previous trials.
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RKLB | Hot Stocks07:34 EDT Rocket Lab to launch dedicated Electron mission for GA-EMS - Rocket Lab announced that it will launch a dedicated Electron mission for General Atomics Electromagnetic Systems, or GA-EMS. Electron is scheduled to launch the "It Argos Up From Here" mission from Rocket Lab Launch Complex 1 in Mahia, New Zealand during a launch window that opens October 5. The "It Argos Up From Here" mission will launch the GA-EMS designed and manufactured satellite carrying the A-DCS hosted payload. The A-DCS mission is supported by the National Oceanic and Atmospheric Administration, or NOAA, Cooperative Data and Rescue Services Program, which arranged the launch through the Hosted Payload Solutions contract vehicle administered by the U.S. Space Force's Space Systems Command.
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ITRM | Hot Stocks07:33 EDT Iterum Therapeutics announces Notice of Allowance for patent on oral sulopenem - Iterum Therapeutics announced the United States Patent and Trademark Office has issued the Company a Notice of Allowance for U.S. patent application number 16/972,300 entitled "Combinations of Beta-Lactam Compounds and Probenecid and Uses Thereof" directed to the composition of the bilayer tablet of sulopenem etzadroxil and probenecid and its related uses. This Notice of Allowance concludes the substantive examination of the patent application and will result in the issuance of a U.S. patent after administrative processes are completed. The U.S. patent scheduled to issue from this application will expire no earlier than 2039, absent any extensions. Existing patent protection for sulopenem etzadroxil is scheduled to expire in 2029, subject to potential extension. The Company's patent portfolio also contains pending patent applications outside the U.S. including Europe and China, submitted following receipt of the Written Opinion of the International Search Authority indicating that several claims directed to the composition of the bilayer tablet of oral sulopenem are novel and inventive.
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QIPT | Hot Stocks07:32 EDT Quipt Home Medical announces closing of upsized senior credit facilities - Quipt Home Medical announced the closing of $110,000,000 in senior secured credit facilities with CIT Bank, a division of First-Citizens Bank & Trust Company. The senior secured credit facilities are in the aggregate amount of $110,000,000 (comprised of a term loan facility in an aggregate principal amount of $5,000,000, a delayed draw term loan facility in an aggregate principal amount of $85,000,000 and a revolving credit facility in an aggregate principal amount of $20,000,000. The Company originally announced this transaction on August 15, 2022 when it executed a binding commitment letter with CIT for up to $80,000,000 in Senior Credit Facilities. However, as a result of strong demand from CIT and its syndicate of lenders the Senior Credit Facilities were increased. The Senior Credit Facilities are evidenced by an Amended and Restated Credit and Guaranty Agreement, which amend and restate the original Credit Agreement dated September 18, 2020 between Quipt and CIT. The primary use of proceeds of any loans made under the Senior Credit Facilities will be to finance potential future acquisitions and general working capital purposes.
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PRVB ARDX | Hot Stocks07:32 EDT Provention Bio appoints O'Brien as Chief People Officer - Provention Bio (PRVB) announced that the Company has appointed Sarah O'Brien as Chief People Officer. O'Brien brings more than 20 years of experience, and will report to CEO Ashleigh Palmer, effective immediately. O'Brien most recently served as Chief People Officer at Ardelyx (ARDX).
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KGC | Hot Stocks07:30 EDT Kinross Gold commits to $300M in share buybacks over remainder of 2022 - Kinross Gold Corporation is pleased to announce that it is launching a new, enhanced share buyback program. The Company's Board of Directors and management believe Kinross' shares offer the best return available on shareholders' capital and therefore have decided to allocate a more substantial portion of cash available to share buybacks to enhance per-share metrics and improve shareholder returns. This announcement follows constructive discussions with Elliott Investment Management as well as a number of the Company's other shareholders. Elliott is supportive of the enhanced buyback program, which is designed to achieve a shared objective of unlocking value for shareholders. The strength of Kinross' business coupled with its investment grade balance sheet allow it to allocate additional funds to share buybacks while also reinvesting in its business and maintaining a strong credit profile. The Company is maintaining its quarterly dividend. Key elements of the enhanced buyback program: Under the new program Kinross will: Buy back $300 million in shares over the remainder of 2022. In 2023 and 2024, allocate 75% of its excess cash to share buybacks. Kinross' approach to the enhanced buyback program will ensure the buyback is affordable and sustainable, protecting Kinross' strong balance sheet and capacity to continue investing in its business. Buybacks in 2023 and 2024 will only take place if net leverage is below the current LTM net leverage ratio of 1.7:1. In addition, the Company would intend to temporarily pause buybacks in case of a ratings downgrade, major operational disruptions or a significant drop in gold price.
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PYPD | Hot Stocks07:27 EDT PolyPid announces publication of Phase 2 results for D-PLEX100 - PolyPid announced the peer-reviewed publication of clinical data from the previously completed Phase 2 study of D-PLEX100 for the prevention of surgical site infections in abdominal surgery. The paper, entitled, "A prospective, randomized assessment of a novel, local antibiotic releasing platform for the prevention of superficial and deep surgical site infections," was published in Techniques in Coloproctology. The Phase 2 trial was a prospective, multicenter, randomized, controlled, single-blind, two arm study and was designed to assess the efficacy and the safety of D-PLEX100 in addition to standard of care in preventing superficial and deep SSIs in patients undergoing elective colorectal surgery. Efficacy was measured by the incidence of SSIs and mortality within 30 days post-surgery. SSIs were adjudicated by the endpoint adjudication committee, all of whom were blinded to study-group assignments. In addition, safety was assessed by the stratification and incidence of treatment-emergent adverse events. One hundred and seventy-nine patients were evaluated in the per protocol population, 88 in the intervention arm and 91 in the control arm. The SSI rate within 30 day post-index surgery showed a 64% statistically significant relative risk reduction in the D-PLEX100 plus SoC cohort at 8% infection rate compared to 22% infection rate in the SoC alone cohort. There was no statistically significant difference in the incidence of treatment-emergent adverse events between the two groups, and no difference in severity and incidence of serious TEAEs. No TEAEs in the D-PLEX100 plus SoC cohort were deemed related to the study drug. The appropriate next steps for PolyPid's second Phase 3 trial of D-PLEX100 for the prevention of SSIs in abdominal surgery, SHIELD II, which incorporates broader eligibility criteria and has enrolled over 200 subjects to date, will be evaluated following the discussion with the FDA and the EU regulatory authorities.
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BWEN | Hot Stocks07:25 EDT Broadwind awarded $38M in wind tower orders - Broadwind announced that the Company has received $38 million in new tower orders from a leading global wind turbine manufacturer. Broadwind will manufacture the towers at its Abilene, Texas facility. The Company expects to complete production on the order in the first half of 2023.
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HYRE | Hot Stocks07:24 EDT HyreCar appoints Eduardo Iniguez as interim CFO - HyreCar appointed Eduardo Iniguez as interim CFO. Serge De Bock will leave the company to assume a senior leadership position at another company. He will remain in his current CFO role at HyreCar through September 30. Eduardo Iniguez, HyreCar's Head of Finance, will assume the role of Interim CFO to lead the Finance, Accounting and Compliance functions. Previously, Iniguez was the VP of Corporate Finance at AllClear Aerospace & Defense. Iniguez will work closely with Rob MacKethan, the company's newly appointed Head of Risk Management and Insurance, who has joined the HyreCar leadership team to improve driver underwriting and optimize risk and insurance performance. Previously, MacKethan was Vice President of Insurance and Risk Management at micro-mobility leader Lime.
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KTOS | Hot Stocks07:22 EDT Kratos announces recent flight for family of Collaborative Combat Aircraft - Kratos Defense & Security Solutions announced another recent successful flight from its family of Collaborative Combat Aircraft-flying and demonstrating capabilities since 2015. Kratos' family of CCA's include more than four different aircraft types, with each having been flying for several years, proving, validating, and demonstrating key mission capabilities, as the DoD refines the ultimate range of requirements for the various CCA classes.
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PRPL | Hot Stocks07:21 EDT Purple confirms receipt of unsolicited, non-binding proposal to acquire company - Purple Innovation confirmed that on September 17, 2022 it received an unsolicited, non-binding proposal from Coliseum Capital Management to acquire all of the outstanding capital stock of Purple for $4.35 per share. The Purple Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of Purple and all Purple shareholders.
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BITF | Hot Stocks07:21 EDT Bitfarms says hashrate exceeds 4 EH/s milestone - Bitfarms hashrate exceeded the 4 exahash per second milestone as it commenced production at the first of two 50-megawatt warehouses under development in Argentina. The initial start-up adds 10 MW of capacity, increasing total corporate capacity to 176 MW. Throughout the remainder of Q3 2022 and during Q4 2022, the Company plans to light up additional 10 MW increments with a goal of the entire 50 MW being energized by December 31, 2022. In 2021, Bitfarms contracted with a private power company in Argentina to supply up to 210 MW to Bitfarms for warehouses being developed beside and on the same property as the generating facilities. For the first four-years, electrical costs are calculated based on a formula in which the cost of power is based on a combination of market-based pricing and at a base rate of US 2.2 cents per kilowatt. Following an initial start-up period and based on current foreign currency exchange rates and natural gas prices in Argentina, the cost of the power in Rio Cuarto is expected to be the lowest in Bitfarms portfolio, creating a significant advantage. Currently, Bitfarms operations in Argentina employs 28 team members, which is expected to increase as production is added.
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KNBE | Hot Stocks07:21 EDT KnowBe4 confirms receipt of $24 per share non-binding bid from Vista Equity - KnowBe4 confirms that on September 16, KnowBe4 received a non-binding proposal from Vista Equity Partners Management to acquire all of the outstanding shares of KnowBe4 not already owned by Vista for a price of $24.00 per share, payable in cash. "In response to an inquiry from Vista, the board of directors of KnowBe4 formed a special committee, comprised solely of independent directors to engage with Vista and take other actions that it deems appropriate, with the assistance of independent financial and legal advisors. Consistent with its mandate, and in consultation with its legal and financial advisors, the Special Committee will carefully review the Vista proposal and other potential value creation opportunities to determine the course of action that it believes is in the best interest of KnowBe4 and its stockholders. There is no certainty that any transaction will be consummated and KnowBe4 does not expect to make further public comment regarding these matters unless and until the Special Committee has concluded its review," the company stated.
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XRTX | Hot Stocks07:20 EDT Xortx Therapeutics completes Pre-phase 3 meeting with FDA - XORTX Therapeutics is pleased to announce completion of the previously announced Type B Pre-phase 3 meeting with the US Food and Drug Administration held on September 16, 2022. In advance of this meeting, XORTX submitted a "Pre-Phase-3 Briefing Package" to the FDA on Thursday, July 28, 2022 and received responses from, and responded to the FDA prior to the meeting. To date, the Company has successfully completed numerous research and development activities leading to this meeting and is advancing its XRx-008 program for the treatment of autosomal dominant polycystic kidney disease. R&D activities during the past year leading to this meeting included manufacturing clinical quality GMP oxypurinol, finalizing formulation of drug product, and a number of non-clinical studies including the characterization of improved oral bioavailability of its proprietary formulation of oxypurinol in animal models. The Company has commenced the OXY-XRX-101 clinical pharmacokinetics study, reporting part 1 and 2 topline results from this study earlier this year. These key milestones and secondary pharmacokinetics modeling of the data from the Company's XRx-008 program well positioned XORTX for in-depth discussions during the Pre-Phase 3 meeting with the FDA. Prior to the meeting with the FDA, the Pre-Phase 3 Briefing Package provided an up-to-date summary of the extensive work completed for the XRx-008 program, including updates regarding chemistry, manufacturing, pharmacology, toxicology, clinical results to date, and regulatory and clinical plans. The FDA reviewed this package of data and accompanying questions to the agency and responded with minimal comments on the work accomplished to date and focused their feedback on XORTX clinical planning. As a result of minimal concerns by the FDA, the focus of the meeting was on optimizing trial design. Based on the discussion, XORTX believes it is well-position to complete a successful, single registration phase 3 clinical trial and associated considerations. Discussion during the meeting provided valuable guidance to the Company, and clarity on critical steps needed to achieve a successful clinical trial and marketing approval. A particularly valuable aspect of FDA advice was an emphasis on how the Company might gain market approval with a single phase 3 registration trial to demonstrate efficacy and safety. Following this meeting with the FDA, XORTX's plans for a single phase 3 registration trial remains the focus.
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DNAY | Hot Stocks07:19 EDT Codex DNA debuts automated synthetic biology workstation - Codex DNA announced commercial release and first shipment of the BioXp 9600 system, a next-generation high throughput platform designed to revolutionize synthetic biology workflows. The latest instrument further accelerates the design-build-test process of research and discovery by building biology overnight and at the push of a button. The fully automated BioXp system enables scientists to overcome process limitations created by the turnaround time, cost, or complexity of alternative means of building or acquiring DNA and mRNA. The BioXp system provides over-night, automated synthesis of genes, clones, DNA libraries, and mRNA, enabling users to more tightly integrate design and build cycles, driving greater productivity and reducing time to answer.
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HCYT | Hot Stocks07:18 EDT H-CYTE enters LOI to acquire SkinDisc, terms not disclosed - H-CYTE entered into a letter of intent to acquire SkinDisc, a patent pending tissue regeneration technology, that is expected to close within the next 30 days. H-CYTE will submit a De Novo 510(k) pathway request for SkinDisc in the first half of 2023. SkinDisc maintains complete full wound contact and depth filling during the healing process, resulting in rapid growth of the host tissue from an active cellular matrix in a single application. The SkinDisc product has achieved healing in four to nine weeks, compared to current treatment approaches that require weekly applications and can take 12-20 weeks to heal, on average.
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MDXG | Hot Stocks07:16 EDT MiMedx announces launch of AMNIOEFFECT - MiMedx Group announced the launch of AMNIOEFFECT, a tri-layer PURION processed human tissue allograft consisting of the amnion, intermediate, and chorion membrane layers of the placenta. AMNIOEFFECT complements and expands the Company's Surgical Recovery product portfolio. In addition, AMNIOEFFECT offers superior handling characteristics and provides surgeons the capability to secure the tissue in place with sutures when needed to address a surgical wound. During the Limited Market Release phase, AMNIOEFFECT was used in over 50 surgical cases. Early experience has shown that the product's handling characteristics, thickness and broad size availability are important in large debridement, limb salvage, lumbar fusion and gynecological procedures.
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MBOT | Hot Stocks07:15 EDT Microbot Medical appoints Ripal Ghandi to scientific advisory board - Microbot Medical announced that Ripal Gandhi, MD, FSVM, will join the Company's robust Scientific Advisory Board. Dr. Gandhi is an interventional oncologist and a member of the Miami Cardiac & Vascular Institute and Miami Cancer Institute physician team where he specializes in minimally invasive treatments for peripheral vascular disease, cancer, and other diseases, and has a history of being an innovator in the Interventional Robotics field.
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GFAI | Hot Stocks07:14 EDT Guardforce awarded five-year contract by Bank of Thailand - Guardforce AI announced that Guardforce Cash Solutions Security was awarded a 5-year contract by the Bank of Thailand to manage its Consolidated Cash Centers in the city of Ubonratchathani and the city Phitsanulok in Thailand. The contract represents an expansion of its current services provided to the Bank of Thailand. The Ubonratchathani CCC's service covers 6 provinces and Phisanulok covers 13 provinces. In connection with the contract, GFCS will manage approximately 500 ATM locations in Ubonratchathani and approximately 600 ATM locations in Pitsanulok. Currently, the Bank of Thailand has ten CCCs across the country, and GFCS will now operate four of its CCC centers across the country, covering 31 of Thailand's 76 provinces. The contract for the Ubonratchathani CCC is expected to begin in November 2022 and the contract for the Pitsanulok CCC is expected to begin in December 2022.
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AGIO... | Hot Stocks07:13 EDT Agios Pharmaceuticals appoints Cecilia Jones as CFO - Agios Pharmaceuticals (AGIO) announced the appointment of Cecilia Jones to the role of CFO, effective Sept. 26, 2022. Ms. Jones will replace Jonathan Biller, who served as the company's previous CFO and head of corporate affairs and who resigned effective Sept. 16, 2022 in order to become chief legal officer of Vertex Pharmaceuticals (VRTX). Jones joins Agios from LogicBio Therapeutics (LOGC), where she served as chief financial officer and was responsible for driving the company's financial strategy, including evaluation of financing alternatives and analysis of business development opportunities, and managing corporate financial planning, accounting, corporate communications and investor relations.
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ZNTL CLLS | Hot Stocks07:11 EDT Zentalis appoints Carrie Brownstein as CMO - Zentalis Pharmaceuticals (ZNTL) announced the appointment of Carrie Brownstein, MD, as Chief Medical Officer, effective October 3, 2022. Prior to joining Zentalis, Dr. Brownstein served as the CMO of Cellectis (CLLS), where she built and led the global clinical development organization and oversaw multiple early-stage clinical programs in the cell therapy space.
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ICNAF | Hot Stocks07:10 EDT Icanic Brands enters non-binding LOT to acquire The Leaf - Icanic Brands Company signed a non-binding Letter of Intent to acquire 100% of the equity interests in The Leaf at 73740, a premium California retailer located at 73740 El Paseo in Palm Desert, California. Under the terms of the LOI, the Company will acquire The Leaf for a purchase price that equates to 1.0x the trailing twelve months of The Leaf's revenue calculated on the date of closing. The purchase price will be payable in stock based on the 10 day volume weighted average price of the Company's common shares trading on the Canadian Securities Exchange. As part of the transaction, Icanic Brands will also be launching a new Direct To Consumer strategy for its portfolio of brands, including Real Deal Resin, Ganja Gold, Heady and Taylors. This DTC platform offers the convenience of online ordering with direct to your door delivery and unrivaled unboxing experience.
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HLX PBR | Hot Stocks07:09 EDT Helix Energy in two-year contract extension with Petrobras for Siem Helix 2 - Helix Energy Solutions Group, Inc. ( HLX) announced that it has entered into a two-year extension of its well intervention charter and services contracts with Petroleo Brasileiro S.A. Petrobras (PBR) for the Siem Helix 2 well intewith Petroleo Brasileiro S.A. offshore Brazil. The negotiated extension is scheduled to conclude in December 2024 and directly follows Helix's current contracts with Petrobras. for the Siem Helix 2 well intervention vessel offshore Brazil. The negotiated extension is scheduled to conclude in December 2024 and directly follows Helix's current contracts with Petrobras. The negotiated extension is scheduled to conclude in December 2024 and directly follows Helix's current contracts with Petrobras. Scotty Sparks, Helix's Executive Vice President and Chief Operating Officer, stated, "We are glad to negotiate this contract extension and look forward to continuing our long and productive working relationship with Petrobras. Market conditions globally and in Brazil have been improving, and demand for our world-class assets and experienced crews has been steadily increasing. The Siem Helix 2 has consistently provided industry- and global-leading well intervention services to Petrobras. This two-year extension demonstrates the capacity for Helix to continually provide innovative solutions to fit client needs, backed by our experience and proven track record, and supports our Energy Transition business model of offering clients the ability to maximize production from their existing wells." The Siem Helix 2 is a purpose-built, advanced well intervention vessel capable of performing a wide range of subsea services including production enhancement, well decommissioning, subsea installation, offshore crane and Remotely Operated Vehicle operations, offshore construction and emergency response. The vessel is currently performing riser-based well intervention activities in the Santos and Campos Basins and to date has completed more than 60 well interventions for Petrobras.
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VIRI | Hot Stocks07:09 EDT Virios Therapeutics announces FORTRESS study did not meet primary endpoint - Virios Therapeutics announced results from its FORTRESS study of oral IMC-1 for the treatment of FM. Overall, the FORTRESS study did not achieve statistical significance on the prespecified primary efficacy endpoint of change from baseline to Week 14 in the weekly average of daily self-reported average pain severity scores comparing IMC-1 to placebo. However, analysis of the data suggests a bifurcation of response based on the timing of patient enrollment in the FORTRESS trial. During the first half of the trial, for the patients who were enrolled when the Delta variant of COVID-19 was the dominant strain in the U.S., IMC-1 demonstrated no improvement versus placebo-treated patients. Conversely, during the second half of the trial, for the patients who were enrolled when vaccination rates improved and the less severe Omicron variant of COVID-19 became the dominant U.S. strain, IMC-1-treated patients demonstrated a statistically significant improvement on the primary pain reduction endpoint at Week 14, as well as a statistically significant improvement in the key secondary PROMIS Fatigue assessment and the Fibromyalgia Impact Questionnaire-Revised symptoms domain score. IMC-1 was well-tolerated overall, with only 4.6% of IMC-1 treated patients dropping out due to adverse events, as compared with 8.1% of placebo treated patients. No adverse event category in the IMC-1 group exceeded a 4% rate with the exception of COVID-19 infection. Overall discontinuations were 18.5% in the IMC-1 treated group versus 23% in the placebo treated group. Patients in the FORTRESS trial were randomized one-to-one to either IMC-1 or placebo and patient background demographics and baseline pain scores were well matched.
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EGLX | Hot Stocks07:09 EDT Enthusiast Gaming secures $10M expansion of credit facility - Enthusiast Gaming Holdings announced that it has secured an expansion of its existing term credit facility by way of amendment, increasing the size of the facility from $10 million to $20 million. Together with the Company's $5 million operating facility, the amendment provides the Company with access to up to $15 million of incremental non-dilutive capital which the Company intends to use for working capital and general corporate purposes, including the bolstering of cash reserves as the Company continues to execute its business plan.
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FWBI | Hot Stocks07:08 EDT First Wave to direct near-term resources to new adrulipase formulation - CEO James Sapirstein said, "We are excited by the news announced last week concerning adrulipase, our product candidate for the treatment of exocrine pancreatic insufficiency associated with cystic fibrosis and chronic pancreatitis. As we announced, after extensive research by First Wave BioPharma and our drug delivery formulation partner, we believe we have identified an enhanced enteric microgranule drug delivery formulation of adrulipase for use in the continued development of our clinical program. We intend to submit an Investigational New Drug application to the U.S. Food & Drug Administration for a Phase 2 "proof-of-concept" clinical study investigating the improved formulation of adrulipase as a potential treatment for EPI. We anticipate that this trial will commence prior to year-end 2022, subject to FDA's acceptance of the IND. We believe the new formulation will allow us to reignite our adrulipase development program. For those new to First Wave BioPharma, adrulipase is our most clinically advanced asset and we believe it offers the potential to be a best-in-class treatment for EPI associated with CF and CP. The cumulative data generated in our earlier clinical trials of adrulipase demonstrated an excellent safety profile and a mechanism of action that we believe should enable a therapeutic benefit. However, as previously reported, the prior formulation resulted in an inconsistent dispersal of adrulipase in the gastrointestinal tract which resulted in it not achieving its efficacy endpoints. In our in vitro testing, the new enteric microgranule drug delivery formulation of adrulipase outperformed prior versions of the drug while enabling us to make significant improvements in manufacturing yields and lowering our costs. The in vitro data suggest the new formulation has a delayed-release profile that should protect adrulipase in the stomach and enable it to be delivered to the targeted areas of the GI tract where it can mix with food in the duodenum to provide its therapeutic effect. Based on our in vitro testing, we expect that the new formulation of adrulipase will result in consistent coefficient of fat absorption values greater than 80%. CFA greater than 80% is the recognized threshold for achieving therapeutic benefit in patients with EPI associated with CF and CP. Additionally, our research indicates that the enhanced formulation has the potential to significantly decrease the number of pills a patient would need to take to achieve the desired therapeutic effect. The pill burden associated with pancreatic enzyme replacement therapy can be as high as 40 capsules per day, creating a substantial challenge for EPI patients. We believe that a reduction in the number of pills required to maintain effectiveness will be a key differentiator for patients. Moreover, we have identified manufacturing improvements that we believe have the potential to lower the cost of goods by significantly increasing production yields. We are excited to present the research relating to this improved adrulipase formulation at AAPS 2022 PharmSci 360 in Boston next month. Given these important advances with adrulipase, we have made the strategic decision to direct our near-term resources towards the filing of the IND and the Phase 2 clinical trial of the new adrulipase formulation. As a result, we will be devoting fewer resources to our niclosamide programs following the mixed results from the COVID-19 trial and inconclusive data from a small Phase 2 trial of niclosamide in ulcerative proctitis and ulcerative proctosigmoiditis. We have also taken significant steps to improve our balance sheet, including settling the lawsuit filed against us by the former stockholders of First Wave Bio, Inc. on terms that included a significant restructuring of our obligations to them. The restructuring resulted in the elimination of approximately $10 million of fixed liabilities from our balance sheet. In compliance with our plan to regain and maintain compliance with Nasdaq's continued listing requirements, we effected a reverse stock split of our common stock in late August and have raised a significant amount of new capital since June 30, 2022, primarily through our at-the-market sales program, which is now complete. As part of our Nasdaq compliance plan, we hope to raise additional capital, subject to market conditions, to meet Nasdaq's continuing listing standards and to support our business."
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BGNE | Hot Stocks07:06 EDT BeiGene announces CHMP opinion recommending approval of Brukinsa - BeiGene announced that the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency, or EMA, has issued an opinion recommending approval of Brukinsa for the treatment of adult patients with marginal zone lymphoma, or MZL, who have received at least one prior anti-CD20-based therapy.
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TECH | Hot Stocks07:05 EDT Bio-Techne issues 2022 Corporate Sustainability Report - Bio-Techne issued its 2022 Corporate Sustainability Report, CSR, detailing the progress advancing its Environmental, Social and Governance, ESG, initiatives. Bio-Techne's CSR is organized around four key pillars: People, Advancing Science, Governance and Operational Integrity, and The Environment. "At the end of fiscal 2022, Bio-Techne's global team has grown to approximately 3,000 employees... Our second pillar, Advancing Science, reflects our commitment to continuously innovate with an eye toward sustainability... We leverage this innovation to deliver the highest quality, most consistent products, while recognizing the impact these products have on society, the global and local economies in which we operate, as well as the environment...Our third pillar, Governance and Operational Integrity, highlights our approach to ethically operate and govern the business while ensuring financial and scientific integrity, data security and privacy, and risk management. In this latest CSR, we made significant progress with the level of disclosure surrounding our fourth pillar, The Environment. For the first time, we are including an inventory of our Scope I and Scope II greenhouse gas emissions data for our largest U.S. and European-based manufacturing facilities."
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MGA VWAGY | Hot Stocks07:05 EDT Magna announces rear thermoplastic swing doors on Volkswagen ID. Buzz - The company said, "With the mobility transformation in full swing, Magna continues to deliver key technologies that address trends toward vehicle accessibility. Its latest innovation, rear thermoplastic swing doors, are hitting the market for the first time on the all-electric Volkswagen ID. Buzz. The doors that contain recycled materials are 20 to 30 percent lighter than traditional steel solutions, helping reduce the overall weight of the vehicle, optimizing range, and reducing the opening effort for consumers. Additionally, by using thermoplastic resin material, vehicle designers have more styling freedom for sharper detailing, undercut surfaces and tighter radii, which enables greater brand differentiation. With the use of thermoplastics, the spoiler is now integrated into the swing doors which reduces cost, creates a cleaner appearance and improves vehicle aerodynamics."
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HEES | Hot Stocks07:04 EDT H&E Equipment to acquire One Source Equipment Rental for $130M in cash - H&E Equipment Services, announced the signing of a definitive agreement to acquire One Source Equipment Rental a provider of non-residential construction and industrial equipment with operations in the Midwest and Southern U.S. One Source, which is employee owned, operates 10 branches, including three locations in each of Illinois and Indiana, two locations in Tennessee and one in each of Kentucky and Alabama. Under the terms of the definitive agreement, H&E is expected to pay $130M in cash for One Source, before customary adjustments. The transaction is expected to close during the fourth quarter of 2022, following regulatory clearance and the completion of other customary closing conditions. Brad Barber, Chief Executive Officer of H&E Equipment Services, , noted the excellent strategic rationale for the transaction, stating, "For more than 20 years, One Source has emphasized a culture where equipment reliability and customer support and satisfaction are vital features for success, resulting in an equipment rental operation with strong consumer loyalty throughout its branch network. These important attributes, which are underscored by a dedicated base of employee owners, offer an exceptional cultural fit with H&E. Also, the transaction will expand our geographic footprint into the Midwest with operations in Illinois and Indiana, as well as operations in Kentucky. Finally, the demonstrated success of our accelerated warm start plan, with 15 warm start and greenfield locations established since early 2021, will prove beneficial as we evaluate post-integration growth opportunities in the Midwest and other surrounding regions with attractive prospects for expansion." Over the last twelve months ended July 31 One Source has generated revenues of approximately $59 million with a fleet size, as measured by original equipment cost , of approximately $138M. One Source's fleet consists primarily of aerial work platforms, material handling equipment and other general equipment lines. Following the closing of the transaction, H&E's equipment rental operations will extend across 117 branch locations in 28 states.
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GMDA | Hot Stocks07:03 EDT Gamida Cell CEO Julian Adams to retire, Abigail Jenkins to succeed - Gamida Cell announced that Abigail Jenkins has joined as president and CEO. Jenkins has also been appointed to Gamida Cell's board of directors. Jenkins succeeds Julian Adams, who is retiring in accordance with planned succession and will continue to serve on the company's board of directors. Jenkins brings over 20 years of experience in the biopharmaceutical industry. She served as the chief commercial and business officer at Lyndra Therapeutics, where she established and led global commercial, business development, corporate strategy and portfolio management across multiple therapeutic areas.
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AZO | Hot Stocks07:01 EDT AutoZone opened 118 new stores in the U.S. in 2022 - During the fiscal year ended August 27, 2022, AutoZone opened 118 new stores and closed one in the U.S., opened 39 stores in Mexico and 20 stores in Brazil. As of August 27, 2022, the Company had 6,168 stores in the U.S., 703 in Mexico and 72 in Brazil for a total store count of 6,943.
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AZO | Hot Stocks07:01 EDT AutoZone reports inventory up 21.5% y/y - The Company's inventory increased 21.5% over the same period last year, driven by our growth initiatives and inflation. Net inventory, defined as merchandise inventories less accounts payable, on a per store basis, was negative $240 thousand versus negative $203 thousand last year and negative $216 thousand last quarter.
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NAK | Hot Stocks06:56 EDT Northern Dynasty highlights design features of Pebbles tailings storage facility - Northern Dynasty Minerals and the Pebble Partnership highlight several design features that enhance the safety of the tailings storage facility for the Proposed Pebble Project to counter negative generalizations repeatedly put forward by project opponents. "The failure of a tailings storage facility around the world is rare. When one does occur, however, failure is often caused by the accumulation of too much water," said Ron Thiessen, President and CEO of Northern Dynasty. "The tailings storage and management plan for Pebble includes an investment of approximately $500 million in modern water treatment facilities to allow the water to be treated and safely released into the environment, meeting all required standards, instead of accumulated. Because of this and other design features, such as constructing the embankments on bedrock and with flatter slopes than is typical in the industry, the Army Corps of Engineers in the 2020 Environmental Impact Statement said that they could not conceive of how a failure could occur. The fact is that Alaska has a very rigorous dam permitting process which will ensure that the facility will be safe before it is built. We invested a further $150 million in studies of the climate and potential for earthquakes in the area, conducted by a team of industry experts to ensure that the TSF would be safe. Our studies and the research and reports out of the United States Geological Survey demonstrate that Pebble isn't a high seismicity area, as most earthquakes in this region of Alaska are offshore and are almost abated by the time they reach the north shore of Lake Iliamna/Pebble. Still our approach to seismicity was to ensure the facilities can withstand the likely earthquake events that might impact SW Alaska, including a repeat of the 1964 Valdez 9.2 M earthquake. This was the largest event ever recorded in North America and the second largest ever," Mr. Thiessen added. More than 30 alternative tailings sites were evaluated before the final site was selected to minimize the tailings footprint on wetlands. In fact, our project as proposed would impact less than one mile of stream for every 1,000 miles of streams feeding into Bristol Bay.
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DSGX | Hot Stocks06:54 EDT ASRV selects Descartes' ecommerce warehouse, shipping solution - Descartes Systems Group announced that San Diego-based ASRV replaced manual paper-based order fulfillment practices in its warehouse with Descartes' combined ecommerce warehouse management and shipping solution to meet rising order volumes, tighten inventory control and hone the customer experience.
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ME... | Hot Stocks06:53 EDT 23andMe appoints Daniel Chu as CPO - 23andMe Holding (ME) appointed Daniel Chu as Chief Product Officer. Prior to joining 23andMe, Chu served as Chief Product Officer for Waymo (GOOG, GOOGL).
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CDE AU | Hot Stocks06:52 EDT Coeur Mining to sell Crown Sterling holdings to AngloGold for $150M upfront - Coeur Mining, Inc. (CDE) announced that it has entered into a definitive agreement with a subsidiary of AngloGold Ashanti (AU) to sell its Crown and Sterling holdings for closing cash consideration of $150M and deferred cash consideration of $50M to be paid upon Crown Sterling attaining a total resource of at least 3.5 million gold ounces. The Crown Sterling holdings comprise approximately 35,500 net acres and are located adjacent to AngloGold's existing gold projects in Beatty County, Nevada. Subject to customary closing conditions, the transaction is expected to be completed in the fourth quarter of 2022.
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CING | Hot Stocks06:50 EDT Cingulate presents data from formulation study of CTx-2103 - Cingulate announced findings from its formulation study for CTx-2103, the Company's asset for the management of anxiety-related disorders. The data was featured in a poster presentation at the 2022 Psych Congress meeting, taking place September 17-20 in New Orleans, LA. In the study, the pharmacokinetics were evaluated for three multi-layered, timed-release oral tablets and one immediate release dose of buspirone. Scintigraphic imaging visualized transit of the tablets through the gastrointestinal tract to confirm both the site and onset of release, which will then be correlated with pharmacokinetic data to establish the full release profile of the CTx-2103 formulation. Anxiety disorders are the most common mental health concern in the U.S.1 An estimated 31 percent of U.S. adults experience an anxiety disorder at some time in their lives. People may live with anxiety for years before they are diagnosed or treated. CTx-2103, which contains the active pharmaceutical ingredient buspirone hydrochloride, a non-benzodiazepine medication, has no evidence for the development or risk of dependency. However, due to its short half-life, buspirone is prescribed to be taken several times a day for management of anxiety, which can be challenging for patients and may lead to sub-optimal treatment outcomes. CTx-2103 will be designed as a once-daily, multi-dose tablet, which the Company believes will offer clear differentiation and compelling advantages over currently available treatment options.
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GVA | Hot Stocks06:49 EDT Granite decides to retain Water Resources, Mineral Services businesses - Granite Construction announced its decision to retain the Water Resources and Mineral Services businesses that were previously classified as held for sale and reported in discontinued operations. The financial results for these businesses will be reported within continuing operations, and their assets and liabilities will no longer be classified as held for sale. A Form 8-K with segment information for each of the previously reported 2022 and 2021 quarterly periods and for the years ended 2021 and 2020 will be filed with the Securities and Exchange Commission prior to our third quarter Form 10-Q filing. "Although we saw significant interest in the Water Resources and Mineral Services businesses, current market conditions undermined our efforts to secure appropriate value for the businesses," stated Kyle Larkin, Granite President and CEO "Both businesses have performed very well this year, supported by strong underlying market demand which remains resilient. The ongoing drought concerns across much of the country, coupled with the strong demand for mineral resources, makes us optimistic about the outlook for these businesses. Our teams' ability to identify and develop new water sources and deliver potable water to communities complements our civil construction business. We believe these businesses will drive greater shareholder value and be accretive to EBITDA margin. During 2022, we have invested in our businesses and returned value to shareholders with over 2.3 million shares repurchased, including 367,000 shares in the third quarter as we completed the final settlement of the accelerated share repurchase. Granite's liquidity remains strong. In the near term, our priority is to continue to invest in, strengthen, and grow our businesses in alignment with our plan."
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PFE | Hot Stocks06:48 EDT Pfizer announcs top-line results from Phase 3 study of 20vPnC - Pfizer today announced top-line results from its pivotal E.U. Phase 3 study in infants evaluating its 20-valent pneumococcal conjugate vaccine candidate for the prevention of invasive pneumococcal disease, pneumonia, and acute otitis media caused by the 20 Streptococcus pneumoniae serotypes contained in the vaccine for the pediatric population. The study had three coprimary outcomes, associated with immunogenicity responses one month after the second and third doses of a three-dose vaccination series given at approximately 2, 4, and 11-12 months of age of 20vPnC compared to Prevenar 13. For the non-inferiority co-primary objective of immunoglobulin G geometric mean concentrations one month after Dose 3 at 11-12 months of age, 19 of the 20 serotypes met the NI criteria with only one serotype narrowly missing. For the NI co-primary objective of IgG GMCs one month after Dose 2, 16 of the 20 serotypes met NI. Finally, for the third NI co-primary objective of the percentage of participants with predefined serotype-specific IgG concentrations one month after Dose 2, nine of the 20 serotypes met the NI criteria. All 20 serotypes showed increased booster responses from post dose 2 to post dose 3 which are indicative of immunological memory and long-term protection. All 20 vaccine serotypes also showed strong functional antibody responses as measured by the opsonophagocytic assay post-dose 2 and post dose 3 similar to Prevenar and Prevenar 13. The totality of data is therefore directionally consistent with prior clinical experience with Prevenar and Prevenar 13 after 2 and 3 infant doses, both of which have demonstrated effectiveness in a three-dose schedule against the serotypes contained in the vaccine in post-licensure studies. In summary, the totality of these 20vPnC data, combined with the experience with Prevenar 13 in this schedule, demonstrates that the 20vPnC candidate, if approved, is likely to help protect against all 20 vaccine serotypes in a three-dose vaccine series. The safety profile of 20vPnC was similar to Prevenar 13 in this schedule, and concomitant use with common pediatric vaccines were supported. Pfizer plans to file these data by the end of this year with the European Medicines Agency. These positive data mark the conclusion of pivotal topline readouts for the 20vPnC pediatric program. Pfizer will also seek to present and publish outcomes from this clinical trial at a future date once safety and immunogenicity data have been fully analyzed.
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HT | Hot Stocks06:44 EDT Hersha Hospitality announces reinstatement of quarterly dividend of 5c per share - Hersha Hospitality Trust announced its Board of Trustees has approved a cash dividend of $0.05 per common share and per limited partnership unit for the third quarter ending September 30, 2022. These common share dividends and limited partnership unit distributions are payable October 17, 2022, to holders of record as of September 30, 2022. The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the third quarter ending September 30, 2022. The preferred share dividends are payable October 17, 2022, to holders of record as of October 1, 2022. The Board continues to monitor and evaluate market conditions and, if in the best interests of the Company, intends to declare a special cash dividend to holders of common shares and limited partnership units in the fourth quarter of 2022, subject to the requirements of the Company's qualification as a real estate investment trust.
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FSLR AZRE | Hot Stocks06:43 EDT First Solar, Azure Power enter agreement for 600 MW of PV solar modules - First Solar (FSLR) announced that it has entered into an agreement to supply 600 megawatts DC of its high-performance, advanced thin film photovoltaic solar modules to Azure Power Global Limited (AZRE). The agreement is the first for production from First Solar's new manufacturing facility in Tamil Nadu, India, which is expected to be commissioned in the second half of 2023. Under the agreement, Azure is expected to take delivery of First Solar's Series 7 photovoltaic solar modules from the fourth quarter of 2023 to 2025.
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PH... | Hot Stocks06:41 EDT Parker-Hannifin completes sale of Aircraft Wheel, Brake Division to Kaman - Parker-Hannifin Corporation (PH) completed its previously announced transaction to sell its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the United States, to Kaman Corporation (KAMN). As previously announced, the European Commission cleared Parker's acquisition of Meggitt PLC (MEGGF), conditional on full compliance with the commitments offered by Parker, including the divestment of Parker's Aircraft Wheel and Brake Division. On September 13, 2022, Parker announced that it has completed its acquisition of Meggitt PLC. Parker's Aircraft Wheel and Brake Division is a leading manufacturer of aircraft wheel and brake systems and related hydraulic products for general aviation, business aviation, rotorcraft, and military aircraft markets with annual sales of approximately $70M.
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NVS | Hot Stocks06:40 EDT Novartis' Sandoz reports on denosumab integrated Phase I/III clinical trial - Sandoz announces the release of "positive" results from the integrated ROSALIA Phase I/III clinical trial study for its proposed biosimilar denosumab. "Denosumab is indicated for treating a variety of conditions, including osteoporosis in postmenopausal women, in men at increased risk of fractures, treatment-induced bone loss, prevention of skeletal related complications in cancer that has spread to the bone, and giant cell tumor of the bone. The results from the integrated Phase I/III study confirm the biosimilar matches the reference medicine in terms of pharmacokinetics, pharmacodynamics, efficacy, safety and immunogenicity in the respective indications; and contributes to demonstration of similarity, which is the basis for use in all indications," the company stated. "The results come soon after Sandoz confirmed acceptance of license applications for two other proposed biosimilars. In July 2022, the application for the first-of-a-kind multiple sclerosis proposed biosimilar natalizumab was accepted for review by the US Food and Drug Administration and European Medicines Agency. In June 2022, the EMA and FDA accepted for review Sandoz applications for the high-concentration formulation 100 mg/mL of its biosimilar adalimumab," the company added.
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BEAM | Hot Stocks06:39 EDT Beam Therapeutics presents in vivo data on multiplex base editing approach - Beam Therapeutics announced new preclinical data demonstrating the potential of the company's multiplex base editing approach to both reduce viral markers - including hepatitis B surface antigen expression - and prevent viral rebound of hepatitis B virus in in vivo models. The data will be presented today, September 19, 2022, in partnership with Fabien Zoulim's laboratory at the INSERM Cancer Research Center of Lyon, during a poster presentation titled, "Cytosine base editing inhibits Hepatitis B Virus replication and reduces HBsAg expression in vitro and in vivo," at the 2022 International HBV Meeting. HBV causes serious liver infection that can become chronic, increasing the risk of developing life-threatening health issues like cirrhosis, liver failure or liver cancer. Chronic HBV infection is characterized by the persistence of covalently closed circular DNA, a unique DNA structure that forms in response to HBV infection in the nuclei of liver cells. Additionally, the HBV DNA integrates into the human genome, becoming a source of HBsAg. While currently available treatments can limit HBV replication, they do not inactivate these HBV genomic elements, which can lead to reinfection and reactivation of the HBV virus. This inability to prevent HBV infection rebound is a key challenge to curing HBV. Base editors are designed to enable direct and irreversible conversion of a specific DNA base into another without inducing double-stranded breaks. In HBV infected cells, cytosine base editors can target both integrated HBV DNA and the cccDNA minichromosome at multiple locations, introducing precise and permanent stop codons in the viral genome. These stop codons are intended to silence the viral genes without the risk of chromosomal rearrangements that can arise with nuclease editing systems that create double-stranded breaks in DNA. The data build on previously shared in vitro data, which demonstrated the ability of HBV-targeting gRNAs and mRNA-encoding CBEs to introduce stop codons in HBV DNA leading to a substantial reduction of relevant HBV viral markers. Based on those findings, Beam evaluated its approach in vivo in an HBV minicircle mouse model, with mice receiving one or two doses of the base editing reagents, the antiviral treatment entecavir or control. Findings show that: Base editing treatment led to a sustained greater than2 log10 IU/ml reduction of HBsAg observed in both LNP dose groups, compared to entecavir or control mice, in which no meaningful reductions were observed. Base editing treatment led to sustained 3 log10 copies/ml reduction in serum HBV DNA with no HBV viral rebound observed compared to the entecavir group in which serum HBV DNA was reduced following administration but rebounded after entecavir treatment was discontinued. Taken together, the findings demonstrate that base editing has the potential to permanently inactivate cccDNA and integrated HBV DNA by introducing mutations that prevent HBV replication and silence viral protein expression.
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FOXO DWIN | Hot Stocks06:37 EDT FOXO Technologies completes business combination with Delwinds Insurance - On Frida, the company announced: "FOXO Technologies announced the completion of its business combination with Delwinds Insurance Acquisition Corp. (DWIN) , a publicly traded special purpose acquisition company. The products and services FOXO is developing combine longevity science with life insurance to: (i) support consumer health and wellness engagement, and (ii) simplify the consumer underwriting journey. The combined company will operate under the name "FOXO Technologies Inc.," and will be led by Chief Executive Officer Jon Sabes. Commencing at the open of trading on September 16, 2022, FOXO's Class A common stock are expected to trade on the NYSE American exchange under the symbol "FOXO". FOXO's warrants will continue to trade on the NYSE exchange under the symbol "FOXO WS", and it is anticipated that trading of the warrants will move to the NYSE American exchange shortly. Upon the consummation of the Business Combination, each outstanding unit of Delwinds was automatically separated into one share of Delwinds Class A common stock and one half of one Delwinds warrant and each share of Delwinds class A common stock and each whole warrant of Delwinds was exchanged for one FOXO common share and one FOXO warrant, exercisable into shares of FOXO Class A common stock, respectively. The warrant exercise price for each FOXO warrant is $11.50."
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RHHBY | Hot Stocks06:37 EDT European Commission approves Roche's Vabysmo for nAMD - Roche announced that the European Commission approved Vabysmo for the treatment of neovascular or "wet" age-related macular degeneration, or nAMD, and visual impairment due to diabetic macular edema, or DME. "Vabysmo is the only injectable eye medicine approved in Europe with phase III studies supporting treatment at intervals of up to four months for people living with nAMD and DME," the company said.
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NILE | Hot Stocks06:37 EDT BitNile sees mining production run rate of 4.7 BTC per day by September end - BitNile Holdings provided projections on expected Bitcoin mining production levels. The Company expects to have 7,500 miners at its Michigan data center and 6,500 miners at the Texas facility hosted by Computer North, LLC installed by the end of September 2022. This includes the 2,004 S19j Pro Antminers that had been held by U.S. Customs and Border Patrol for review and audit, which miners have been released and delivered to the Company's Michigan property. Based on expected installations of S19j Pro and S19 XP Antminers, BitNile expects to increase its average daily mining production to approximately 4.7 Bitcoin per day by the end of September 2022, nearly doubling to approximately 9.33 Bitcoin per day by the end of December 2022, based on current market conditions, including a mining difficulty of 32.05 trillion. As previously disclosed, BitNile has entered into purchase agreements with Bitmain Technologies Limited for a total of 21,925 Bitcoin miners, including 4,600 environmentally friendly S19 XP Antminers that feature a processing power of 140 terahashes per second and 17,325 S19j Pro Antminers that feature a processing power of 100 TH/s. Once all of the miners are fully deployed and operational, BitNile expects to achieve a mining production capacity of approximately 2.3725 exahashes per second.
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SAGE BIIB | Hot Stocks06:35 EDT Sage Therapeutics, Biogen present analyses on efficacy, safety of zuranolone - Sage Therapeutics (SAGE) and Biogen (BIIB) announced new analyses from across the development program for zuranolone, an investigational, oral, once-daily, 14-day treatment in clinical development for adult patients with major depressive disorder and postpartum depression. The 11 new analyses are being presented at the 2022 Psych Congress in New Orleans, September 17 to 20. An analysis from the ongoing open-label, longitudinal SHORELINE Study in MDD found the median time to the first repeat treatment course for those patients who responded to the initial 14-day treatment course was 135 days for the completed 30 mg cohort and 249 days for the ongoing 50 mg cohort. These data further support zuranolone as a potential episodic treatment for people with MDD. Key findings from the completed 30 mg cohort of the SHORELINE Study, other clinical data and health economics and outcomes research, and patient survey data being presented include: In an analysis of patients in the 30 mg cohort of the SHORELINE Study with elevated anxiety and without elevated anxiety, there was a mean reduction in the 17-item Hamilton Rating Scale for Depression total score from baseline to Day 15; for those patients who had a HAMD-17 response at Day 15 and continued in the study beyond Day 28, scores remained below baseline through Day 70 independent of the presence of elevated anxiety at baseline. Among patients with and without elevated anxiety in the 30 mg cohort of the SHORELINE Study who responded to the initial 14-day treatment at Day 15, approximately 70% of patients received 1 or 2 total treatment courses through their time in the study. Patients had the opportunity for follow-up for up to 1 year. In patients who completed 1 year of follow-up in both cohorts of the SHORELINE Study, most had minimal or mild depressive symptoms at study exit as assessed by the Clinical Global Impressions-Severity scale. Zuranolone was generally well-tolerated with a safety profile consistent with prior clinical studies. The most common adverse events associated with zuranolone included headache, somnolence, dizziness and sedation. Data from a post-hoc analysis of 4 studies in the LANDSCAPE program demonstrated that improvements in depressive symptoms with zuranolone at Day 15 were sustained beyond the end of treatment. A post-hoc analysis of the WATERFALL Study in MDD evaluated the statistically significant reduction in depressive symptoms as measured by HAMD-17 at Day 15 as well as rapid onset observed at Day 3 and Day 8 with zuranolone 50 mg compared to placebo suggested that the differences were clinically meaningful according to estimates of minimal important difference. Results from a cross-sectional survey of U.S. adults with depression, highlighted unmet needs in the treatment of MDD. The characteristics rated as either very or extremely important by the majority of participants were the prevention of depression symptoms returning, fewer side effects, a treatment supported by a body of research on safety and efficacy, the ability to discontinue drug without withdrawal symptoms, works quickly, and can be repeated if symptoms recur. Health economics data showed that patients with MDD who also received a prescription for anxiety medication incurred over twice the annual all-cause healthcare costs than those without an anxiety prescription medication.
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KAMN PH | Hot Stocks06:31 EDT Kaman completes acquisition of Parker-Hannifin Aircraft Wheel & Brake Division - Kaman Corporation (KAMN) announced that it completed the acquisition of the Parker-Hannifin Corporation (PH) Aircraft Wheel & Brake Division on September 16, 2022. Aircraft Wheel & Brake has been a trusted provider of mission-critical wheel and brake technology products and solutions for more than 80 years. With a strong OEM and aftermarket portfolio supporting more than 100 platforms, Aircraft Wheel & Brake specializes in wheels, brakes and related hydraulic components for helicopters, fixed-wing and UAV aircraft. They have long-standing global relationships with leading military and general aviation customers providing customized proprietary designs, protected by intellectual property. Aircraft Wheel & Brake operates out of one centralized facility in Avon, Ohio, providing a full suite of capabilities including design, development and qualification, as well as manufacturing, assembly, product support and repairs.
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BCAN | Hot Stocks06:14 EDT BYND Cannasoft to acquire Zigi Carmel in share swap agreement valued at $28M - BYND Cannasoft Enterprises has signed a share purchase agreement to acquire 100% ownership of Zigi Carmel Initiatives & Investments which holds the patent pending intellectual property for a therapeutic device that uses low concentrations of CBD oils, such as hemp seed oil and other natural oils, to treat certain women's health issues. Under the terms of the share purchase agreement, the Company will issue to ZC's owner 7,920,000 common shares at a deemed price per share of $4.735 and pay $100,000 to cover his legal expenses. The closing of the transaction is subject to certain customary conditions. BYND expects the transaction to close this month. The EZ-G device is a unique, patent-pending device that, combined with proprietary software regulates the flow of low-concentration CBD oils into the soft tissues of the female reproductive system. According to research conducted across the globe, treatment with low-concentration CBD oils can relieve candida, dryness, scars, and many other female health issues. BYND intends to pursue the final registration of the patent and establish a marketing and sales system for the EZ-G device. The Company's 'Go to Market' strategic plan is based on combined B2B and B2C sales. Numerous studies have shown CBD interacts with the endocannabinoid system, a master regulatory system with receptors all around the body. By activating these receptors, CBD can have health benefits that help make sex more approachable and pleasurable by reducing stress, enhancing one's mood, promoting body comfort, and treating vaginal issues. According to the Brightfield Group, a cannabis industry data research firm, sales of CBD products could reach $11 billion by 2027. A recent Zion Market Research study indicates the market size of global gynecology devices was worth $10.8 billion in 2021 and is estimated to exceed $19.5 billion by 2028 with a compound annual growth rate of approximately 10.3 percent. No regulatory filings relating to the device have been made in the United States and the Company has no intention of marketing the device in any jurisdiction until it has been cleared by the applicable regulator, including the Food and Drug Administration in the United States.
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PUYI | Hot Stocks06:11 EDT Puyi appoints CEO Yong Ren as chairman of the board - Puyi announced that, with immediate effect, Yong Ren, CEO of the Company, has been appointed by the Company's board of directors as chairman of the Board, filling the vacancy left by the resignation of Haifeng Yu, the former chairman of the Board. As of today, the Board has six directors, including three independent directors
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ROMJF | Hot Stocks06:10 EDT Rubicon Organics begins search for CEO successor - The company said, "The Board of Directors of the Company has now begun its search of internal and external candidates for a Chief Executive Officer successor who can lead the Company in driving forward its vision to be the global brand leader in premium organic cannabis."
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ROMJF | Hot Stocks06:09 EDT Rubicon Organics expects to be operating cashflow positive in 2022 - Rubicon Organics provides a corporate and operational update for the period ending August 31, 2022. The company said, "The Company is pleased to reiterate its financial guidance from August 15, 2022 with its current expectation to be operating cashflow positive and Adjusted EBITDA profitable in fiscal 2022. As previously reported, the Company achieved positive Adjusted EBITDA in the three months ended June 30, 2022. We believe that our increased product quality and brand portfolio has positioned Rubicon to deliver on its commitments and win in the premium cannabis market in Canada. In addition, the Board of Directors of the Company has now begun its search of internal and external candidates for a Chief Executive Officer successor who can lead the Company in driving forward its vision to be the global brand leader in premium organic cannabis. The Company's fully licensed 125,000 sq. ft. glass-roofed facility in Delta, BC has been successfully connected to the BC Hydro power grid. This power grid connection to the Delta Facility eliminates the need for the daily operation of natural gas generators, reduces the Company's operating costs and further contributes to one of our Environmental, Social and Governance goals to reduce greenhouse gas emissions. The Company is in the process of purchasing a backup generator capable of supporting all key operational systems in the event of a power outage. For the three months ending August 31, 2022, the Company achieved total market share of 8.6%2 in the premium flower and pre-roll category across Canada. In 2022, we have now consistently seen our average THC increase significantly, with certain strains as high as 29% THC. We believe that our quality step change in market since the spring has been experienced by our consumers and has led to the strong rate of sales and resulting increase in revenue. Our priority and focus remains delivering super-premium quality cannabis flower and pre-rolls as the key pillar of Rubicon's business."
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TBPH GSK | Hot Stocks06:04 EDT Theravance Biopharma initiates $250M capital return program - Theravance Biopharma (TBPH) announced that its board of directors has authorized a $250M capital return program consisting of the following three elements: Theravance Biopharma has executed a definitive agreement with GSK (GSK) to purchase all of GSK's equity stake in Theravance Biopharma, constituting approximately 9.6M shares at $9.75 per share, with a closing date of September 20. The company intends to commence a Dutch auction tender offer to purchase approximately $95M of its ordinary shares in the near term. The company plans to enter into an open market stock repurchase plan to facilitate the repurchase of approximately $60M of its ordinary shares in open market purchases subsequent to the completion of the tender offer, with a goal to complete this program by the end of 2023.
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BHVN | Hot Stocks05:28 EDT Biohaven Pharmaceutical sets record date for spin-off - Biohaven Pharmaceutical announced that it has set a record date of September 26 for the previously announced spin-off by Biohaven of its Biohaven subsidiary, which will own the Kv7 ion channel activators, glutamate modulation, myeloperoxidase inhibition and myostatin inhibition platforms, preclinical product candidates, and certain corporate infrastructure currently owned by Biohaven. The completion of the spin-off remains subject to closing conditions noted in Biohaven's Proxy Statement filed on August 30, including receipt of shareholder approval at Biohaven's special meeting of shareholders to be held on September 29. Beginning on September 23 and continuing until the occurrence of the distribution on the Distribution Date, Biohaven common shares will trade with an entitlement to the distribution under the symbol (BHVN). Any holders of Biohaven common shares who sell shares on or before the distribution date will also be selling their right to receive SpinCo common shares. Investors are encouraged to consult with their financial advisors regarding the specific implications of buying or selling Biohaven common shares on or before the distribution date.
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XPEV | Hot Stocks05:26 EDT XPeng launches City Navigation Guided Pilot program - XPeng announced that it has launched the pilot program of City Navigation Guided Pilot, or City NGP, making it the first Chinese auto company to launch such high-level Advanced Driver Assistance System, or ADAS, functions for complex urban driving scenarios. A cohort of Guangzhou-based XPeng P5 customers can now access City NGP through over-the-air updates before launching to other cities, underscoring a milestone of the company's world-leading autonomous driving technology.
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BLDP | Hot Stocks05:23 EDT Ballard Power announces minority investment in Quantron AG - Ballard Power announced a minority equity investment in Quantron AG, a global electric vehicle integrator and an emerging specialty OEM, to accelerate fuel cell truck adoption. As part of Quantron's financing round of up to 50M euros, Ballard's investment proceeds will be used by Quantron to develop their truck fuel cell vehicle platforms, under the terms of a joint development agreement. Ballard will be the exclusive fuel cell supplier to Quantron for these platforms. As part of the strategic partnership, Quantron committed to purchase 140 FCmove modules totaling approximately 17MW, with an option to purchase an additional 50 units. The fuel cell modules are expected to be delivered in 2023 and 2024. The zero-emission fuel cell electric vehicle platforms developed by Quantron will integrate Ballard fuel cell products for various truck applications in Europe and the U.S. Quantron's initial market focus is Germany, where their new 44T fuel cell truck is to be unveiled at IAA Transportation 2022.
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CNHI | Hot Stocks05:20 EDT CNH Industrial launches first tranche of $50M share buyback - CNH Industrial announced that it is launching a first tranche of $50M share buyback in the framework of its $300M share buyback program previously announced on July 29. Subject to market and general business conditions, the program is intended to last until the earlier of the completion of the purchases up to $300M or October 12, 2023. Funded by the company's liquidity, the program is intended to optimize the capital structure of the company and allow the company to meet the obligations arising from the existing equity incentive plans. The program follows the EUR 100M share buyback program, which was completed on September 14. CNH Industrial has entered into a non-discretionary arrangement with a financial intermediary to conduct this first tranche of the program. Under this agreement purchases may continue during any closed periods of the company in accordance with the applicable regulations.
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ABBV | Hot Stocks05:17 EDT AbbVie announces CHMP opinion recommending approval of risankizumab - AbbVie announced the European Medicines Agency's, or EMA, Committee for Medicinal Products for Human Use, or CMHP, adopted an opinion recommending the approval of risankizumab for the treatment of adults with moderately to severely active Crohn's disease who have had inadequate response, lost response or were intolerant to conventional or biologic therapy. Risankizumab is part of a collaboration between Boehringer Ingelheim and AbbVie, with AbbVie leading development and commercialization globally.
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IQ | Hot Stocks05:12 EDT iQIYI announces 'Shining for One Thing' series surpasses RMB 100M in revenue - iQIYI announced recently that "Shining for One Thing," a series that streams exclusively on iQIYI via the revenue sharing model, topped RMB 100M in the revenue it generates. iQIYI will continue to work with producers and help driving the creation of premium content by supporting producers financially and offering content promotional and other platform services.
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TIGR | Hot Stocks05:10 EDT UP Fintech announces TradeUP Securities becomes member of NYSE - UP Fintech announced that its subsidiary TradeUP Securities is the latest member of the New York Stock Exchange, or NYSE. The NYSE's approval gives the company membership in New York Stock Exchange, NYSE American, and NYSE Arca, respectively, making it one of the very first fintech brokers to obtain this status. The move also boosts its worldwide number of global licenses and qualifications from 56 to 59. The membership enables UP Fintech, also known as Tiger Brokers, to offer investors direct access to rapid and electronic executions on NYSE, in an upgraded investing experience reshaped by lower latency, more competitive pricing, and more flexible order placements. The approval comes after an all-around assessment by NYSE over UP Fintech's compliance standards, operations management, capital requirements, and its front- and back-end systems.
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