Stockwinners Market Radar for September 26, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ACN... | Hot Stocks21:06 EDT Accenture collaborates with Toshiba to drive emission reductions - The company states: "Accenture (ACN) is collaborating with Toshiba (TOSBF) to provide consulting services to support green transformation efforts of the companies' clients. The collaboration will target industries with high greenhouse gas emissions and other organizations with urgent needs to improve energy efficiency. Accenture will work with Toshiba to design and develop new sustainability services to drive emission reductions, in addition to strategies and solutions for carbon neutrality. Accenture will leverage its experience developing circular-economy business models and implementing sustainable supply chain processes, such as green procurement, as well as using cloud and other technology solutions from its partner ecosystem."
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DNA | Hot Stocks20:13 EDT Cathie Wood's ARK Investment bought 1.03M shares of Ginkgo Bioworks today
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CDNA | Hot Stocks20:11 EDT Cathie Wood's ARK Investment bought 201K shares of CareDx today
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RKLB | Hot Stocks20:11 EDT Cathie Wood's ARK Investment bought 508K shares of Rocket Lab today
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NVDA | Hot Stocks20:09 EDT Cathie Wood's ARK Investment bought 186K shares of Nvidia today
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PRVA | Hot Stocks19:10 EDT Privia Health director sells $4.88M in common stock - In a regulatory filing, Privia Health disclosed that is director Jeffrey Butler sold 140K shares of common stock on September 22nd in a total transaction size of $4.88M.
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MLAC | Hot Stocks17:57 EDT Malacca Straits Acquisition, Indiev enter business combination - Indiev, an electronic vehicle company specializing in the design of next generation electric vehicles, and Malacca Straits Acquisition announced they have entered into a definitive merger agreement for a business combination that will result in Indiev becoming a wholly-owned subsidiary of Malacca. Indiev was founded in 2017. Under the terms of the merger agreement, Indiev will merge with a wholly-owned subsidiary of Malacca and the holders of the outstanding Indiev shares will receive shares in Malacca valued at $600M. In addition, the holders of Indiev shares will be eligible to earn up to an additional 20,000,000 shares on the achievement of performance milestones related to the price of the combined company's common stock for the period starting 150 days after the closing until December 31, 2024 and vehicle sales targets for the first and second full years following closing. Concurrently with the signing of the merger agreement, Hai Shi, founder and CEO of Indiev has signed a subscription agreement to purchase $15M of shares in Malacca at a price of $10.00 per share. Indiev's executive officers, including Shi, will lead the combined company. Prior to closing Indiev is expected to appoint a board of directors of five individuals, which will meet all corporate governance requirements for continued listing on the Nasdaq Capital Market, including a majority of independent directors, and any required California state diversity requirements. The boards of directors of both Indiev and Malacca have unanimously approved the proposed merger, which is subject to customary closing conditions, including receipt of all regulatory approvals, approval of the proposed merger by Indiev and Malacca's shareholders, and approval for listing of the combined company's shares on the Nasdaq Capital Market.The closing under the merger agreement and the PIPE transaction is anticipated to occur in the first quarter of 2023, with Malacca to domesticate from the Cayman Islands to a Delaware corporation prior to the closing. Malacca will be rebranded and operate as Indi Electric Vehicles Inc. and is expected to list on Nasdaq under the ticker symbol.
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LLY | Hot Stocks17:30 EDT Lilly USA sued by EEOC over age discrimination - Lilly USA violated federal law by intentionally failing to hire older workers based on their age for pharmaceutical sales representative positions from April 2017 to 2021, the U.S. Equal Employment Opportunity Commission charged in a lawsuit filed Monday. According to the EEOC's suit, in 2017, Lilly's senior vice president for human resources and diversity recognized at a Leadership Town Hall that Lilly's workforce was composed of older workers. The senior vice president then announced goals for "Early Career" hiring to add more millennials to Lilly's workforce. Thereafter, Lilly changed its hiring preferences and intentionally under-hired older candidates for sales representative positions in favor of younger candidates based on their age. Such alleged conduct violates the Age Discrimination in Employment Act which prohibits discrimination against applicants age 40 and over. The EEOC filed suit in the U.S. District Court for the Southern District of Indiana, Indianapolis Division after first attempting to reach a pre-litigation settlement through its conciliation process. The agency seeks back pay and liquidated damages for applicants subjected to unlawful age discrimination. The suit also seeks injunctive relief to prevent and correct age discrimination and training of Lilly's managers and supervisors about federal equal employment opportunity laws.
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RTX | Hot Stocks17:19 EDT Raytheon Technologies awarded $769.87M Navy contract modification - Raytheon Technologies was awarded a $769.87M firm-fixed-price, cost-plus-fixed-fee modification to a previously awarded, indefinite-delivery/indefinite-quantity contract. This modification increases the contract ceiling to procure propulsion system spare parts, modules, support equipment/packaging handling shipping and transportation material, and depot lay-in material in support of the F-135 propulsion system requirements for the Air Force, Marine Corps, Navy, Foreign Military Sales customers and non-Department of Defense participants. Work is expected to be completed in December 2025. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. The Naval Air Systems Command is the contracting activity.
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LHX | Hot Stocks17:16 EDT L3Harris Technologies awarded $886.53M Army contract - L3 Technologies was awarded an $886.53M cost-plus-fixed-fee contract for sustainment of the Common Data Link satellite communications program. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of September 22, 2032. U.S. Army Contracting Command is the contracting activity.
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MEOH | Hot Stocks17:01 EDT Methanex invests in tech to reduce emissions at New Zealand site - Methanex Corporation announced it has made a significant investment to reduce carbon emissions at its Motunui facility in New Zealand. This multi-million-dollar investment will involve improving the technology in the facility's distillation columns over the next 12 months. The efficiency improvements provide an economic payback within two years. Once completed, this project has the potential to reduce the site's carbon emissions by over 50,000 tonnes per annum, the equivalent of taking 20,000 cars off the road. "We're excited to announce this new investment in our Motunui facility as a demonstration of our commitment to emissions reduction in New Zealand and globally," said Stuart McCall, Managing Director, Methanex New Zealand. "With this new technology, we will no longer need to distill crude methanol at our Waitara Valley plant, thereby reducing our energy consumption and overall emissions."
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AMV | Hot Stocks16:53 EDT Atlis Motor Vehicles approved to trade on Nasdaq - Atlis Motor Vehicles announced that Nasdaq has approved its application to list on Nasdaq Exchange. The company anticipates initiation of trading on the Nasdaq exchange on September 27. Atlis will be traded under the symbol (AMV).
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UNFI SYM | Hot Stocks16:33 EDT United Natural Foods, Symbotic announce warehouse automation systems pact - United Natural Foods (UNFI) and Symbotic (SYM) announced that they have entered into a commercial agreement to implement Symbotic's A.I.-powered robotics and software automation in five of UNFI's distribution centers over the next four years. Under the agreement, UNFI also has an option to implement Symbotic's warehouse automation systems in additional distribution centers. "We're pleased to introduce Symbotic systems into our distribution network, which we believe will benefit our customers, suppliers and associates," said Mark Bushway, UNFI's Chief Supply Chain Officer. "We currently have automation in a number of our distribution centers, but we believe the Symbotic System will improve the accuracy, efficiency, quality and speed of our supply chain and help take our operations to a new level."
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LUV | Hot Stocks16:33 EDT Southwest COO Mike Van de Ven to step down - Southwest Airlines Mike Van de Ven announced plans to step down from his role as COO at the end of September and from his role as President at the end of December. He will become an Executive Advisor for the company at the start of 2023. With this announcement, CEO Bob Jordan will assume the additional role of President, effective January 1, 2023. The transition paves the way for several other leadership changes, effective October 1, 2022: Andrew Watterson is promoted from executive VP & Chief Commercial Officer to COO. Ryan Green is promoted from senior VP & Chief Marketing Officer to executive VP & Chief Commercial Officer. Linda Rutherford is promoted from executive VP People & Communications & Chief Communications Officer to Chief Administration & Communications Officer.
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SPLK | Hot Stocks16:31 EDT Splunk CFO Jason Child to leave company - Splunk announced that Jason Child, Splunk's CFO since 2019, has accepted a position at a leading pre-IPO semiconductor company. He will remain with Splunk until early November. Splunk has commenced a search for its next CFO with the assistance of a leading executive search firm. Splunk has established an Office of the CFO to oversee its financial strategy and execution and ensure continuity during the search. The Office of the CFO is comprised of Splunk's head of FP&A, Chief Accounting Officer, and head of Treasury & Investor Relations. The Office of the CFO will report to President and CEO Gary Steele.
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FUL | Hot Stocks16:30 EDT H.B. Fuller names Celeste Mastin as new CEO - H.B. Fuller "announced that Celeste Mastin, Executive Vice President and Chief Operating Officer, will succeed Jim Owens as H.B. Fuller's President and Chief Executive Officer, effective December 4, 2022. Upon assuming the role, Mastin will also join the Company's Board of Directors, replacing Owens, who will be retiring."
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XCUR | Hot Stocks16:30 EDT Exicure Inc trading resumes
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XCUR | Hot Stocks16:29 EDT Exicure to resume trading at 16:30ET
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RCOR | Hot Stocks16:27 EDT Renovacor announces presentation on progression of cardiac dysfunction - Renovacor "announced that preclinical studies characterizing the progression of cardiac dysfunction and mortality in a BAG3 haploinsufficiency mouse model of dilated cardiomyopathy will be featured in an upcoming poster presentation at Keystone Symposia's Heart Failure: Mechanisms and Therapies Conference. The conference is taking place from September 28 - October 1, 2022, at the Beaver Run Resort in Breckenridge, CO. The poster, titled, "Progression of cardiac dysfunction and mortality in a Bcl2-associated athanogene-3 haploinsufficiency mouse model of dilated cardiomyopathy," will be presented from 7:30 - 10:00 p.m. MST on September 30, 2022, during Poster Session 2. The poster's presenting author is Valerie Myers, Ph.D., Senior Director of Preclinical Science at Renovacor."
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NLS | Hot Stocks16:25 EDT Nautilus up 11% after saying will consider potential sale - Shares of Nautilus were up 18c, or 11%, to $1.85 after resuming trading following the company announcing that its board of directors, with the support of management, has launched a comprehensive review of strategic alternatives, which may include a potential sale of the company.
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CTO | Hot Stocks16:25 EDT CTO Realty Growth closes sale of three properties in Jacksonville, FL - CTO Realty Growth announced the closing of the sale of three properties located in Jacksonville, Florida for a combined sales price $34.9M, representing a weighted average exit cap rate of 6.1% and an estimated aggregate gain of $3.9M. The properties sold include two single tenant retail properties leased to Firebirds Wood Fired Grill and Chuy's, and 245 Riverside, the Company's sole remaining multi-tenant office property.
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NLS | Hot Stocks16:23 EDT Nautilus trading resumes
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INGR | Hot Stocks16:23 EDT Ingredion announces 6M share repurchase plan - Ingredion also announced that its board of directors has authorized the repurchase of up to 6M shares of the company's common stock from September 26 through December 31, 2025, under a new stock repurchase program. This stock repurchase program replaces the prior stock repurchase program, which had approximately 3.8M shares remaining for repurchase. Jim Zallie, president and chief executive officer, said, "The board's increased share repurchase authorization reflects its confidence in the Company's ability to generate strong cash flow from operations, support strategic investments, and its commitment to total shareholder return through both stock repurchases and an increased dividend payout."
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INGR | Hot Stocks16:22 EDT Ingredion increases quarterly dividend 9% to 71c per share - The board of directors of Ingredion declared a quarterly dividend of 71c per share on the company's common stock, an increase of 9% over the previous quarter's dividend per share. The dividend is payable on October 25 to stockholders of record at the close of business on October 6. This is the eighth consecutive year Ingredion's board approved a quarterly dividend increase in the third quarter.
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TUSK | Hot Stocks16:20 EDT Mammoth Energy issues statement on Fox News report - Mammoth Energy Services issued the following statement in response to a news story from Fox News headlined, "Puerto Rico still owes company $350M for restoring grid in 2017 as it faces fresh hurricane outages": "First and foremost, our prayers are with the people of Puerto Rico as they pick up the pieces from yet another natural disaster. Five years ago, when we arrived after Hurricane Maria, we saw with our own eyes the impact of Hurricane Maria and know all too well the devastation widespread power outages bring to everyday life. As Congress begins another discussion about the path forward on the next recovery, those entities still owed for work completed last time need to be made whole. Since Maria, my company has responded to 17 subsequent natural disaster related power restoration efforts that were funded by the Federal Emergency Management Agency, FEMA, and have been compensated fully for each one without issue. Puerto Rico is the glaring exception. If we expect private companies to answer the call of duty when lives are hanging in the balance, government must step up and do its job to ensure its partners are not left twisting in the wind." - Arty Straehla, CEO, Mammoth Energy Services.
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SON | Hot Stocks16:19 EDT Sonoco ThermoSafe, United Cargo enter global lease agreement for Pegasus ULD - Sonoco ThermoSafe and United Cargo announced a global lease agreement for the new Pegasus ULD temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD containers directly from United Cargo. Sonoco ThermoSafe's Pegasus ULD is the the first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost. With a focus on sustainability, the Pegasus ULD is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus ULD contains a fully integrated, FAA-approved telemetry system providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location. United Cargo has over 90 stations in their TempControl global network, trained on pharmaceutical handling according to IATA Temperature Control Regulations. Passive TempControl shipments receive higher boarding priority and enhanced temperature-controlled storage access.
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MOH | Hot Stocks16:17 EDT Molina Healthcare selected for Nebraska Medicaid program - Molina Healthcare "announced that its health plan subsidiary, Molina Healthcare of Nebraska, has been selected by the Nebraska Department of Health and Human Services to provide health care services to Nebraskans under the state's Medicaid managed care program. The new five-year contract for Molina's Nebraska health plan is expected to begin January 1, 2024. Molina Healthcare of Nebraska is one of three managed care organizations selected to offer health care coverage to approximately 360,000 Medicaid beneficiaries in the state."
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CRVS | Hot Stocks16:16 EDT Corvus announces partner receives approval for IND application in China - Corvus Pharmaceuticals announced that the IND application to initiate a Phase 1/1b clinical trial of mupadolimab has been approved by the Center for Drug Evaluation of the China National Medical Products Administration. The study will be conducted by Angel Pharmaceuticals, Corvus' partner in China. Mupadolimab is a humanized monoclonal antibody designed to be directed against CD73 with a proposed unique mechanism of activating B cells to generate immune responses to tumor antigens and viruses, in patients with relapsed refractory non-small cell lung cancer, or NSCLC, and head and neck squamous cell cancers, or HNSCC. Corvus co-founded Angel Pharma to develop its pipeline in greater China. Angel Pharma licensed the rights from Corvus to develop, manufacture and commercialize mupadolimab in greater China. Corvus has studied mupadolimab in a Phase 1/1b clinical trial, with a focus on expansion cohorts in patients with HNSCC that have failed previous treatment with anti-PD-1 therapy and chemotherapy and relapsed refractory NSCLC who have failed previous treatment with anti-PD(L)-1 therapy and chemotherapy. Based on the results to-date, Corvus believes this program is ready to advance into a randomized Phase 2 clinical trial evaluating mupadolimab in combination with pembrolizumab and chemotherapy as a potential front-line therapy for the treatment of patients with NSCLC. Angel Pharma is examining mupadolimab in a Phase 1/1b clinical trial designed to confirm the dose and evaluate the safety, pharmacokinetics, immune biomarkers, and efficacy as a single agent, and in combination with pembrolizumab. Patients with NSCLC and HNSCC are eligible. The clinical trial's efficacy endpoints are complete response, partial response, disease control rate, duration of response, progression-free survival, and overall survival.
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ZYME | Hot Stocks16:16 EDT ISS recommends Zymeworks shareholders vote in favor of redomicile - Zymeworks "announces that a second independent proxy advisory firm, Institutional Shareholder Services Inc. has recommended shareholders vote FOR the Company's plan to become a Delaware corporation. ISS' positive recommendation follows Glass, Lewis & Co.'s support for the Redomicile. ISS notes in the report that the Redomicile "may provide for improved capital raising ability and commercialization efficiencies if the company's lead product candidate, zanidatamab, is approved in the United States."
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RWT | Hot Stocks16:15 EDT Redwood Trust names Fred Matera CIO - Redwood Trust announced changes to its leadership team as part of a strategic evolution of its organizational structure. Fred Matera, Redwood's current Head of Residential, will assume the role of Chief Investment Officer of Redwood, overseeing centralized investment, capital markets and distribution functions across the Company's investment portfolio and Business Purpose Lending and Residential Mortgage Banking businesses. In addition, Beth O'Brien, Founder and Chief Executive Officer of CoreVest American Finance Lender LLC, and Christopher Hoeffel, President of CoreVest, will depart from Redwood on October 14, 2022. These departures are scheduled to occur on the third anniversary of Redwood's acquisition of CoreVest as part of a planned transition to a seasoned group of leaders within CoreVest. Dash Robinson, Redwood's President, will continue to maintain oversight over both of Redwood's mortgage banking platforms.
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NMTR | Hot Stocks16:11 EDT 9 Meters reports final results from VIBRANT study, to finalize Phase 3 protocol - 9 Meters Biopharma announced final results from the Phase 2 study of vurolenatide and the outcome from its End-of-Phase 2 meeting with the FDA. Vurolenatide is a proprietary long-acting GLP-1 receptor agonist in development for adults with short bowel syndrome, or SBS. Based on the outcome from the meeting and the Phase 2 data, 9 Meters intends to finalize the Phase 3 protocol in collaboration with the FDA during the fourth quarter. Clinical plans and activities are currently underway to facilitate initiation of the study upon protocol finalization. The company plans to provide further details on the Phase 3 vurolenatide clinical development program following protocol finalization. The company announced the completion of its Phase 2 study of vurolenatide in SBS. VIBRANT was a multi-center, double-blind, placebo-controlled, parallel-group study evaluating the safety, efficacy, and tolerability of vurolenatide in adult patients with SBS. The trial included four parallel treatment arms: vurolenatide 50 mg every two weeks, or Q2W, vurolenatide 50 mg every week, vurolenatide 100 mg Q2W, and placebo. The primary efficacy endpoint for the study was change from baseline in mean 24-hour TSO volume over the six-week post-randomization observation period. The randomization block of the first 11 patients across the four arms resulted in three patients in each vurolenatide arm and two patients in the placebo arm. The mean 24-hour TSO decrease for the 50 mg vurolenatide Q2W treatment arm was 30% versus an increase of 32% in the placebo arm, for a relative reduction compared to placebo of 62%. This group showed a rapid and sustained TSO reduction over the six-week post-randomization period. Importantly, TSO reduction from baseline was observed in 16 of the 18 weeks of the observation period in the 50 mg Q2W treatment group. These results, coupled with the most favorable adverse event and optimal pharmacokinetic profile, contributed to the company's decision to move this dose regimen forward into a pivotal clinical development program. In patients treated with 50 mg vurolenatide every week, there was a mean TSO decrease of 8%, for a relative reduction compared to placebo of 40%. In patients treated with 100 mg vurolenatide every two weeks, there was mean a TSO increase of 16%, for a relative reduction compared to placebo of 16%. Notably, the pharmacokinetic profile from both these arms showed evidence of drug accumulation resulting in a suboptimal pharmacokinetic profile. The study allowed the inclusion of SBS patients both requiring and not requiring parenteral nutrition support. Five of the 11 patients in the study were receiving parenteral support prior to entering the study and all five were randomly assigned to treatment with vurolenatide. Change from baseline in parenteral support volume, an important secondary endpoint, was also evaluated over the six-week observation period. There was a mean decrease of 17% in the parenteral support volume of these five patients by week two which was sustained throughout the six-week observation period. Of the five patients, two remained stable and three demonstrated a mean decrease in PS of 28%. Among the 12 patients in the safety population, vurolenatide was generally well tolerated with mild to moderate and transient side effects, the most common of which were nausea and vomiting. One patient terminated early in the 100 mg Q2W arm due to nausea and vomiting. Importantly, there were no serious adverse events related to vurolenatide. Two serious adverse events were reported but deemed to be unrelated to study drug. Both were central catheter infections, which are common in patients with a central line.
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LYL | Hot Stocks16:10 EDT Dragon Victory receives minimum bid deficiency notice from Nasdaq - Dragon Victory International Limited announced that on September 21, it received written notice from The NASDAQ Stock Market notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's ordinary shares for the 30 consecutive business days from August 9 to September 20, the Company no longer meets the minimum bid price requirement.
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FCPT | Hot Stocks16:07 EDT FCPT acquires two Buffalo Wild Wings properties for $10.2M - Four Corners Property Trust announced the acquisition of two Buffalo Wild Wings properties for $10.2M. The properties are located in strong retail corridors in New Jersey and are franchisee-operated. They are occupied under a triple net master lease with 20 years of term remaining and annual rent increases of 2%. The transaction was priced at a 6.4% cap rate on rent as of the closing date, exclusive of transaction costs.
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NLS | Hot Stocks16:06 EDT Nautilus announces review of strategic alternatives - Nautilus announced that its Board of Directors, with the support of management, has launched a comprehensive review of strategic alternatives, which may include a potential sale of the Company, to identify opportunities to accelerate the Company's digital transformation under its previously announced North Star plan and enhance shareholder value. The Board has engaged Evercore as a financial advisor to assist in the process. The Board has not set a timetable for the conclusion of this review and there can be no assurance that the review will result in any transaction or other strategic change. Nautilus does not intend to comment regarding developments in the process, unless it determines that further disclosure is appropriate or necessary. "We have made tremendous progress executing our North Star strategy and transforming Nautilus from a product-led hardware company to a consumer-led, digitally connected company," said Anne Saunders, Chairman of the Board. "Given the dynamic market environment and growth of the home fitness sector, as well as the potential we see to accelerate North Star, the Board felt the time was right to review strategic options."
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FLT | Hot Stocks16:06 EDT FleetCor CFO Freund to leave company - FleetCor Technologies announced the departure of its Global Chief Financial Officer, Charles Freund. After almost 22 years, Freund is leaving the company to join a private equity backed software company, as CFO. FleetCor's Board of Directors has approved the appointment of Alissa Vickery, Chief Accounting Officer, as interim CFO effective upon Freund's departure. The company currently expects third quarter 2022 results to be at least in line with the outlook provided with earnings on August 3, 2022.
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XCUR | Hot Stocks16:03 EDT Exicure to cut workforce by 65%, enters into agreement with investor CBI USA - Exicure "announced plans to restructure the Company and align resources to continue exploring strategic alternatives that maximize stockholder value. After a strategic review of the Company's business plans and objectives and its existing cash resources, the Company's Board of Directors has approved the following: A workforce reduction of approximately 66%, expected to be completed by the fourth quarter of 2022; Cessation of all R&D activities, including suspension of all partnered programs; Exploration of divesture opportunities for clinical-stage asset in immuno-oncology and preclinical candidates, including the SCN9A product candidates for neuropathic pain; and Company's executive team is expected to remain in place following the restructuring and realignment. The company estimates that it will incur total expenses relating to the restructuring of approximately $0.5M, consisting of severance and termination-related costs and expects to record a significant portion of these charges in the third quarter of 2022. This restructuring plan is expected to extend the Company's cash runway into Q2 of 2023 based on current operating plans and estimates. For the SCN9A program targeting the Nav 1.7 channel for neuropathic pain, Exicure developed several potential candidates that have shown promising activity in preclinical studies with a significant level of knockdown of the SCN9A mRNA transcript. Unfortunately, results from a recent in-vivo animal study in non-human primates did not meet desired target engagement levels as observed in previous in vitro preclinical studies. Additional preclinical studies would be required to understand recent findings, likely delaying the timing of IND-enabling work. As a result, Exicure has suspended further pre-clinical activities for the SCN9A program as it assesses strategic alternatives for all its assets, including its platform technology, with the goal of maximizing stockholder value. Exicure also announced that it has agreed, subject to customary closing conditions including stockholder approval, to sell an aggregate of 3,400,000 shares of its common stock at a purchase price of $1.60 per share to existing investor, CBI USA, Inc., a subsidiary of CBI, Co. Ltd., in a private placement in public equity ("PIPE") financing. Upon satisfaction of certain closing conditions including approval by Exicure stockholders, CBI USA would hold a controlling position in Exicure equivalent to approximately 50.4% of the total voting power (based on the current number of outstanding shares of common stock). Under the terms of the transaction, assuming stockholders approve the transaction, CBI USA will also receive the right to nominate the number of directors to the Company's Board equivalent to its proportional equity ownership of shares of the Company's common stock from time to time, subject to approval by the Board and compliance with the provisions of applicable securities legislation, regulations, rules, policies and Nasdaq rules including, but not limited to, Nasdaq Listing Rule 5640. Exicure anticipates that the gross proceeds from the PIPE will be approximately $5.4 million, before deducting transaction-related expenses payable by the Company and will be used for working capital and general corporate purposes. The transaction was approved by the Board of Directors of Exicure and Exicure stockholders will receive a proxy statement seeking their approval of the transaction with CBI USA in the coming weeks."
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CVET | Hot Stocks16:00 EDT Covetrus names Michelle Bonfilio as Chief People Officer - Covetrus "announced the appointment of Michelle Bonfilio as Chief People Officer, reporting to Ben Wolin, President and CEO at Covetrus. In this role, Bonfilio will oversee the human resources and communications organizations and help shape the culture of the company."
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XCUR | Hot Stocks16:00 EDT Exicure Inc trading halted, news pending
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HII | Hot Stocks15:47 EDT Huntington Ingalls promotes Todd Borkey to chief technology officer - HII announced that Todd Borkey has been promoted to executive vice president and chief technology officer, effective immediately and reporting directly to HII president and CEO Chris Kastner. Borkey has served as chief technology officer of HII's Mission Technologies division since 2021. In his new role, Borkey will oversee the company's technology strategy, including research and development, to enhance HII's existing products and services and to develop new capabilities to drive market growth.
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NSC | Hot Stocks15:35 EDT Norfolk Southern issues service update in preparation for Hurricane Ian - Norfolk Southern issued the following service update: "Norfolk Southern is monitoring Hurricane Ian which is forecasted to strengthen as it moves north through the Gulf of Mexico. Its winds are expected to begin impacting the southeast on Wednesday, September 28 before making landfall at the northwest coast of Florida on Friday, September 30. Currently, there are no impacted service areas and Norfolk Southern is operating as scheduled. However, high winds and heavy rains could impact rail operations later this week. Norfolk Southern is positioning generators and equipment in advance of the storm and will provide updates as conditions change. Customers with shipments moving through the southeast and mid-Atlantic should prepare for delays."
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NLS | Hot Stocks15:16 EDT Nautilus trading halted, news pending
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MNMD | Hot Stocks15:13 EDT Freeman Capital tweets 'just the beginning' on response to Mind Medicine - Freeman Capital tweeted: "This is just the beginning. Details to come this week. $MNMD" regarding Mind Medicine. Jake Freeman, an applied mathematics and economics major at the University of Southern California who made $110M trading Bed Bath & Beyond (BBBY), built an activist stake, along with his uncle, Dr Scott Freeman, a former pharmaceutical executive, in Mind Medicine, Antoine Gara and Madison Darbyshire of Financial Times reported in August. Reference Link
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CTXS | Hot Stocks15:04 EDT Citrix Systems' last day of trading on Nasdaq to be September 29, 2022 - On April 21, 2022, shareholders of Citrix Systems approved the proposed acquisition of the company by affiliates of Vista Equity. The closing of the acquisition is tentatively scheduled to occur prior to the open of business on Friday, September 30, 2022. In anticipation of the closing, the stock will be halted at 8:00 PM ET on Thursday, September 29, 2022. If the closing occurs as anticipated, the stock will remain halted on the date of closing, September 30, and will be suspended effective Monday, October 3, 2022.
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PAGS | Hot Stocks14:23 EDT PagSeguro sees 'relatively negligible' impact to 2023 net income from resolution - PagSeguro Digital Ltd., or PagBank PagSeguro, announced that it wishes to clarify certain information in light of the release of Resolution 246/2022 issued by the Brazilian Central Bank this morning. "PAGS reinforces the message in its previous press release dated October 15, 2021: the expected impact on PAGS's 2023 net income is relatively negligible, anticipated to be around +1%/-1%, given that the potential cost savings in PAGS's merchant acquiring unit related to the interchange cap on prepaid and debit cards combined with the lower settlement period are expected to offset lower revenues in PAGS's card issuance unit. The company will continue to diversify its portfolio and revenues in PagBank, keeping its emphasis on broad financial inclusion, which began with the payments industry," the company stated. Reference Link
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UNH | Hot Stocks13:40 EDT UnitedHealth selected by Nebraska to serve Medicaid beneficiaries - UnitedHealthcare Community Plan of Nebraska has been selected by the state of Nebraska, Department of Health and Human Services, as one of three managed care organizations to administer the Heritage Health Medicaid program statewide. UnitedHealthcare Community Plan of Nebraska will continue to serve individuals who receive coverage through Temporary Assistance for Needy Families; the Children's Health Insurance Program; Intellectual and Developmental Disabilities; Aged, Blind and Disabled; Long Term Care; Foster Care; Select Refugees; Dual-Eligible Special Needs Plan; and Medicaid expansion. "We are honored to continue our partnership with the state to build a robust Medicaid program that delivers best-in-class solutions to the diverse needs of our members," said Jeff Stafford, chief executive officer, UnitedHealthcare Community Plan of Nebraska. "Nebraska's Medicaid leaders are inspiring to work with. They care deeply about Nebraskans and are committed to decency, fairness and excellence in their programs. Under their leadership, we look forward to deploying innovative programs with our community partners that enhance access to care, reduce health disparities throughout the state and, ultimately, help people live healthier lives."
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TMUS AIZ | Hot Stocks13:34 EDT Assurant announces multiyear extension of T-Mobile device protection partnership - Assurant (AIZ) announced a multiyear extension of its "long-standing partnership" with T-Mobile (TMUS) to continue providing mobile device protection solutions. "Over the last ten years, the two companies have leveraged innovation and agility to enhance the device ownership experience for customers. Initially starting with trade-in and expanding to device protection, the relationship has broadened to offer additional value through upgrade and repair services, premium tech support and on-device diagnostics. Starting in October, T-Mobile's device repair program will be offered at Assurant's nationwide network of nearly 500 Cell Phone Repair by Assurant locations... Assurant expects the impact of these changes, including costs to support the transition from the current in-store setup to CPR locations, to be neutral to operating results in 2022. Over the long term, Assurant expects to continue to benefit from greater scale across the suite of services provided to T-Mobile's customers," the company stated.
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PAGS | Hot Stocks12:00 EDT PagSeguro Digital falls -9.9% - PagSeguro Digital is down -9.9%, or -$1.36 to $12.34.
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LAW | Hot Stocks12:00 EDT CS Disco falls -10.6% - CS Disco is down -10.6%, or -$1.20 to $10.08.
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AMPX | Hot Stocks12:00 EDT Ampex Corp falls -10.7% - Ampex Corp is down -10.7%, or -$1.38 to $11.56.
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SES | Hot Stocks12:00 EDT SES AI rises 11.3% - SES AI is up 11.3%, or 51c to $4.96.
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LVS | Hot Stocks12:00 EDT Las Vegas Sands rises 12.7% - Las Vegas Sands is up 12.7%, or $4.49 to $39.96.
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IMPX | Hot Stocks12:00 EDT AEA-Bridges Impact Corp. rises 15.7% - AEA-Bridges Impact Corp. is up 15.7%, or $1.22 to $9.00.
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NFLX | Hot Stocks11:32 EDT Netflix to establish internal games studio in Helsinki, Finland - In a press release, Amir Rahimi, Netflix's VP of Game Studios, said, "I'm excited to announce that we are establishing an internal games studio in Helsinki, Finland, with Marko Lastikka as the studio director. This is another step in our vision to build a world-class games studio that will bring a variety of delightful and deeply engaging original games - with no ads and no in-app purchases - to our hundreds of millions of members around the world. Why Helsinki? It is home to some of the best game talent in the world. This will be a games studio that we build from scratch, and our second games studio in Helsinki alongside Next Games, which became part of Netflix earlier this year. Along with Night School Studio and Boss Fight Entertainment, these four studios, each with different strengths and focus areas, will develop games that will suit the diverse tastes of our members. It's still early days, and we have much more work to do to deliver a great games experience on Netflix. Creating a game can take years, so I'm proud to see how we're steadily building the foundation of our games studios in our first year, and look forward to sharing what we produce in the coming years." Reference Link
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GSUN | Hot Stocks11:18 EDT GSUN Stock trading resumes
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CWBHF | Hot Stocks11:14 EDT Charlotte's Web enters distribution agreement with Southern Glazer's - Charlotte's Web Holdings has signed a multi-year distribution agreement with Southern Glazer's Wine & Spirits. Charlotte's Web CBD gummies, capsules and oil tinctures will be available through Southern Glazer's retail customer network.
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GSUN | Hot Stocks11:13 EDT GSUN Stock trading halted, volatility trading pause
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CCL | Hot Stocks11:12 EDT Princess Cruises prepared to welcome guests at Canadian ports - With the announcement from Transport Canada to remove all COVID-19 requirements to enter the country, Princess Cruises is prepared to welcome all guests on cruises visiting, arriving or departing from Canadian ports, including its Canada/New England voyages and Alaska cruises. All of Princess' Alaska cruises feature Canada as part of the itinerary.
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KMMPF | Hot Stocks10:38 EDT Killam Apartment REIT confirms no major damage following Hurricane Fiona - Killam Apartment REIT confirmed that employees and residents are safe, no residents are displaced and there is no major damage to its properties from Hurricane Fiona. Killam mainly experienced issues related to cladding at properties in Charlottetown.
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STEP | Hot Stocks10:34 EDT Stepstone Real Estate makes investment in Anchor Health Properties - StepStone Real Estate has made a significant strategic equity investment in Anchor Health Properties. The investment was made through a separate account managed by SRE on behalf of a large international pension fund client. Anchor intends to utilize the investment to fund future platform growth, as well as to enhance its balance sheet and credit reserves. Anchor Health Properties continues to be the majority owner and managing member of the operating platform.
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SFOSF | Hot Stocks10:23 EDT Fosun Pharma, MAIA announce commercialization of 20ml SPSB liquid product - Shanghai Fosun Pharma announced that the 20 ml, Sodium Phenylacetate and Sodium Benzoate liquid product, which is under an exclusive partnership between Fosun Pharma and MAIA Pharmaceuticals, has been recently launched. Fosun Pharma USA has the exclusive commercial rights of this product in the U.S. market. Based upon market feedback, the usage of 50ml SPSB, as prescribed, predominantly in the pediatric setting, is subject to extensive product wastage which is a huge cost to the healthcare system. SBSP is available in 20 ml and 50 ml vial sizes. Currently, only MAIA has the FDA approval for the 20 ml vial size.
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SFOSF | Hot Stocks10:18 EDT Fosun Pharma, MAIA announce commercialization of 20ml SPSB liquid project - Shanghai Fosun Pharma announced that the 20 ml, Sodium Phenylacetate and Sodium Benzoate liquid product, which is under an exclusive partnership between Fosun Pharma and MAIA Pharmaceuticals, has been recently launched. Fosun Pharma USA has the exclusive commercial rights of this product in the U.S. market. Based upon market feedback, the usage of 50ml SPSB, as prescribed, predominantly in the pediatric setting, is subject to extensive product wastage which is a huge cost to the healthcare system. SBSP is available in 20 ml and 50 ml vial sizes. Currently, only MAIA has the FDA approval for the 20 ml vial size.
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AAWW BA | Hot Stocks10:11 EDT Atlas Air announces long-term ACMI placement with MSC Mediterranean Shipping - Atlas Air Worldwide Holdings (AAWW) announced that its Atlas Air, Inc. subsidiary and MSC Mediterranean Shipping Company SA have entered into an agreement that enables MSC to expand its reach and capacity for its customers. Under the terms of the long-term ACMI agreement, Atlas Air will operate all four of its new and incoming Boeing (BA) 777-200 freighters on a global basis for MSC, with the first delivery being taken in Q4 2022. Atlas' order of these four aircraft was announced in January 2022. The 777-200Fs will provide dedicated airfreight capacity to meet customer demand and will serve as a complementary service to MSC's container shipping solutions, Atlas Air said in a statement.
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SIGA | Hot Stocks10:10 EDT Siga Technologies announces $16M of international procurement orders - SIGA Technologies announced receipt of approximately $16M of international procurement orders for oral TPOXX in August and early September, including an approximate $10M order by the European Commission, through funds from the European Health Emergency Preparedness and Response Authority and implemented via rescEU, and approximately $6M of orders from two countries in the Asia Pacific region, one of which is a new customer. The order from the European Commission is for emergency short-term stockpiling and/or deployment of oral TPOXX in connection with the monkeypox outbreak. In addition to procuring oral TPOXX through the funding of direct purchases, the European Commission is also coordinating country-level procurement through the use of a joint procurement mechanism. SIGA and its international promotion partner, Meridian Medical Technologies, LLC, will continue to pursue multiple paths of coordinating European Union health security. SIGA expects to complete delivery of these most recent orders in 2022. To date this year, including the recent orders, SIGA has received approximately $76M of international orders for oral TPOXX from twelve international customers. It is currently expected that at least $65M of these orders will be delivered in 2022.
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YUM | Hot Stocks10:06 EDT Pizza Hut Canada launches pilot of robot delivery service - Pizza Hut Canada is embarking on its latest innovation in the pizza-verse with the launch of its new robot delivery service. The national chain is partnering with Serve Robotics to host a two-week pilot program in Vancouver, B.C. From now until September 30, select Vancouver customers who place an order via the Pizza Hut app may have their favourite menu items delivered directly to their doorstep via robot. Pizza Hut on 1725 Robson Street in Vancouver was selected as the first location for the pilot. Customers selected for robotic delivery will be able to use the Pizza Hut app to track the robot's location as their order approaches and will receive a unique, one-time pin to retrieve their order from the robot's secure compartment.
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INPX | Hot Stocks10:00 EDT Inpixon trading resumes
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KINZ | Hot Stocks10:00 EDT KINS Technology Group Inc trading resumes
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EVTL | Hot Stocks10:00 EDT Vertical Aerospace falls -6.5% - Vertical Aerospace is down -6.5%, or -54c to $7.74.
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LAW | Hot Stocks10:00 EDT CS Disco falls -8.1% - CS Disco is down -8.1%, or -91c to $10.37.
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DSX | Hot Stocks10:00 EDT Diana Shipping falls -8.8% - Diana Shipping is down -8.8%, or -37c to $3.85.
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LVS | Hot Stocks10:00 EDT Las Vegas Sands rises 8.7% - Las Vegas Sands is up 8.7%, or $3.09 to $38.56.
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WRBY | Hot Stocks10:00 EDT Warby Parker rises 8.7% - Warby Parker is up 8.7%, or $1.18 to $14.72.
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MCW | Hot Stocks10:00 EDT Mister Car Wash rises 11.0% - Mister Car Wash is up 11.0%, or 94c to $9.57.
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SNPHY UBEOF | Hot Stocks09:50 EDT Santen, UBE receive FDA approval for OMLONTI 0.002% eye drops - Santen (SNPHY) and UBE Corporation (UBEOF) announced that the U.S. Food and Drug Administration has approved OMLONTI 0.002% eye drops for the reduction of elevated intraocular pressure in patients with primary open-angle glaucoma or ocular hypertension. The approval date was September 22.
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LPL | Hot Stocks09:47 EDT LG Display falls -5.0% - LG Display is down -5.0%, or -23c to $4.36.
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EXTN | Hot Stocks09:47 EDT Exterran falls -5.3% - Exterran is down -5.3%, or -22c to $3.95.
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HKD | Hot Stocks09:47 EDT AMTD Digital falls -5.5% - AMTD Digital is down -5.5%, or -$3.48 to $60.11.
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CRHC | Hot Stocks09:47 EDT Cohn Robbins rises 8.2% - Cohn Robbins is up 8.2%, or 75c to $9.92.
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LVS | Hot Stocks09:47 EDT Las Vegas Sands rises 9.9% - Las Vegas Sands is up 9.9%, or $3.52 to $38.99.
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MCW | Hot Stocks09:47 EDT Mister Car Wash rises 11.2% - Mister Car Wash is up 11.2%, or 97c to $9.60.
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BNS | Hot Stocks09:46 EDT Scotiabank CEO Brian Porter to retire, Scott Thomson named as replacement - Scotiabank announced Brian Porter's decision to retire as President and Chief Executive Officer, effective January 31, 2023. With this announcement, Scotiabank's board has appointed Scott Thomson as CEO of Scotiabank, effective February 1, 2023. Thomson is currently President and CEO of Finning International and has been a member of the Scotiabank board since 2016. Thomson will initially serve as President, effective December 1, 2022, with responsibility for the bank's business lines: Canadian Banking, Global Banking and Markets, Global Wealth Management, and International Banking. To support the transition, Porter will become a Strategic Advisor to Thomson from February 1, 2023 to April 30, 2023.
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FENC | Hot Stocks09:40 EDT Fennec discloses wholesale acquisition cost of $11,417 for PEDMARK - Fennec Pharmaceuticals provided information to Colorado prescribers pursuant to Colorado House Bill 19-1131 in connection with prescription drug marketing activities. The company disclosed its Wholesale Acquisition Costs established and made available to the public by a third-party publisher, noting that the WAC for PEDMARK is $11,417.09. "The prices listed are WAC, which represent Fennec's published list prices for the product before any discount, rebate, or other price reduction. The WAC listed may differ significantly from actual prices paid by customers and consumers. In addition, a product's WAC is typically not associated with per-dose pricing, and does not necessarily reflect price per dosage, price per course of treatment, or the cost effectiveness of all the products listed," the company stated in the letter posted on its website. Reference Link
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T | Hot Stocks09:34 EDT AT&T awarded $119M task order to modernize networking for U.S. CBP - AT&T was awarded a task order to modernize the U.S. Customs and Border Protection's voice and data networks to help ensure reliable, high-speed wireline and wireless connectivity among CBP's Federal Law Enforcement Agents nationwide. The task order is valued at $119 million over 11 years if all options are exercised. It was awarded via the General Services Administration's Enterprise Infrastructure Solutions contract.
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KINZ INPX | Hot Stocks09:33 EDT Kins Technology to acquire workplace experience platform business from Inpixon - KINS Technology Group (KINZ) a special purpose acquisition corporation sponsored by KINS Capital LLC, announced the execution of an agreement and plan of merger, pursuant to which it will acquire a leading-edge workplace experience application business from Inpixon (INPX). The transaction will be structured as a business combination with Inpixon's wholly owned subsidiary, CXApp Holdings Corp and is anticipated to result in Inpixon shareholders receiving shares of KINS capital stock valued at approximately $69M. The transaction has been approved by each of the Board of Directors of KINS, CXApp and Inpixon and is expected to be consummated in the fourth quarter of 2022, subject to regulatory and stockholder approval by the stockholders of KINZ and the satisfaction of certain other customary closing conditions. The CXApp platform offers a suite of workplace experience solutions including an enterprise workplace application, events platform, indoor mapping and augmented reality technologies, targeting the emerging hybrid workplace market to provide enhanced experiences across people, places, and things. Upon the closing of the Business Combination, the combined company is expected to operate under the name CXApp Inc. and remain a NASDAQ-listed public company trading under a new ticker symbol.
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TWNK KMB | Hot Stocks09:32 EDT Hostess Brands hires Adrian Poretti as Chief Supply Chain Officer - Hostess Brands (TWNK) announced that Adrian Poretti has joined the company as chief supply chain officer, or CSCO, effective immediately. Poretti reports to Andy Callahan, president and CEO of Hostess Brands, and joins the company's leadership team. He succeeds Gary Schmidt, interim CSCO, who had served in this role since January 2022 and will continue to lead the company's operations and engineering teams. Schmidt will report to Poretti. Poretti joins Hostess Brands after nearly 30 years at Kimberly-Clark (KMB), where he most recently served as vice president, Global Supply Chain Capabilities.
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NTP | Hot Stocks09:32 EDT Nam Tai Property says court dismisses appeal filed by former executive - Nam Tai Property announced that the Shenzhen Intermediate People's Court has upheld the jurisdiction of the Shenzhen Qianhai Cooperation Zone People's Court to grant the company's subsidiary's request to freeze the personal bank accounts and assets of Wang Jiabiao and Zhang Yu, who were terminated by the company's reconstituted Board of Directors in the fourth quarter of 2021. The Intermediate Court's dismissal follows a Qianhai Court order that prohibits Mr. Wang and Ms. Zhang from using the corporate chops and business licenses of Nam Tai Investment Ltd., a wholly-owned indirect subsidiary of the Company, during ongoing litigation. Mr. Wang and Ms. Zhang, who are long-standing affiliates of Kaisa Group Holdings Limited and have spent the last several months purporting to represent Nam Tai Investment, are restricted from dissipating assets of Nam Tai Investment and entering into new corporate arrangements on behalf of Nam Tai Investment. Michael Cricenti, Nam Tai's Chairman, commented: "We appreciate the Intermediate Court's dismissal of the appeal filed by Ms. Zhang, which affects both Mr. Wang and Ms. Zhang, who seem intent on advancing Kaisa's objectives at the expense of shareholders' best interests and local stability."
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VINP | Hot Stocks09:30 EDT Vinci Partners selected to manage Sustainable Regional Development Fund - Vinci Partners Investments announced that the Ministry of Regional Development has selected Vinci Partners' Infrastructure segment to manage its Sustainable Regional Development fund. The federal government hired BRL TRUST Investimentos jointly with Vinci Partners to manage the Fund's capital through different strategies, such as the structuring of partnerships between public and private players to develop sustainable infrastructure projects in Brazil. To support these projects, our team can establish guarantee instruments that should have commitments from FDIRS and other private players. Lastly, the Fund could also invest in other infrastructure funds focused on sustainable development. The commitment will start at approximately R$750M and we expect that should be activated in Vinci Partners' AUM towards the end of the fourth quarter of 2022. The mandate has a significant potential to grow over the years, considering its pre-determined hard cap to invest up to R$11B, as the team originates investment opportunities combined with additional capital commitments from the Ministry.
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WTRH | Hot Stocks09:29 EDT Waitr Holdings announces dismissal of 2019 class action lawsuit - Waitr Holdings announced that on August 10, the shareholder class action lawsuit against the company and certain of its former officers and directors, filed in the United States District Court for the Western District of Louisiana in September 2019, was dismissed. The court ruled in favor of the company and its former officers and directors on all claims and dismissed the case with prejudice. The deadline for appeal has passed with no action from plaintiffs.
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KINZ | Hot Stocks09:22 EDT KINS Technology Group Inc trading halted, news pending
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INPX | Hot Stocks09:22 EDT Inpixon trading halted, news pending
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STLA | Hot Stocks09:18 EDT Stellantis builds global network of collaborative projects - Stellantis is collaborating with researchers, scientists and engineers around the world - one of the largest networks of cooperative innovation - to speed the development and implementation of ground-breaking technologies to help the Company deliver the goals of the Dare Forward 2030 strategic plan, including reaching carbon net zero emissions by 2038. With more than three decades working with public institutions, other R&D centers, academies and various stakeholders, Stellantis is capitalizing on that experience by building one of the biggest and widest collaborative ecosystems in the world, which today numbers 164 running projects and over 1,000 different partners involved worldwide. These projects can combine private and public funding, bringing together the expertise of Stellantis' extensive technical community and top-tier institutions with their highly skilled talent, to seek solutions to the most-challenging issues in global mobility. Together, Stellantis and its unprecedented collaborations are building the common roadmap to cutting-edge freedom of mobility. Stellantis teams from Brazil, Canada, France, Germany, Italy, Portugal and Spain are working in cooperation with other stakeholders on common and harmonized goals. Each collaborative, co-funded project can last up to four years. In addition, other Stellantis teams in Brazil, China, India and the United States are proactively involved in pre-competitive research with industry stakeholders, contributing in-kind resources to address technical issues.
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LPLA | Hot Stocks09:17 EDT Vero Wealth Management joins Linsco by LPL Financial - LPL Financial announced that financial advisors Benjamin Link and Steve Sexton have joined LPL's employee advisor model, Linsco by LPL Financial. The team reported having served approximately $380 million in advisory, brokerage and retirement assets, and join LPL from Truist Investment Services.
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PRGS WPC | Hot Stocks09:15 EDT Progress Software apponts YuFan Stephanie Wang to CLO - Progress (PRGS) announced the appointment of YuFan Stephanie Wang to the role of Executive Vice President, Chief Legal Officer and Secretary. In this role, Stephanie will oversee all aspects of Progress' legal, compliance and corporate governance efforts. Prior to joining Progress, Stephanie was with W. P. Carey Inc. (WPC), where she most recently held the role of Senior Vice President and Deputy Chief Legal Officer.
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FRBK | Hot Stocks09:15 EDT Republic First Bancorp responds to recent letter from Norcross Group - The Board of Directors of Republic First Bancorp issued the following statement in response to a letter dated September 22, 2022 from George Norcross, III, Gregory Braca, Philip Norcross, Avery Conner Capital Trust and the trustees thereto which made a proposal to make an investment in the Company: "The Board acknowledges receipt of the Proposal from the Norcross Group. The strategic review committee of the Board, whose members are Andrew B. Cohen, Benjamin C. Duster, IV, Lisa R. Jacobs and Harris Wildstein are committed to overseeing a comprehensive and objective strategic review. The Strategic Review, which the Company announced on September 15, 2022, is in its early stages, and the Strategic Review Committee is in the process of completing non-disclosure agreements with parties that have expressed interest in potential transactions and other alternatives with the Company. The Company anticipates that it will enter into several NDAs this week. It is unfortunate that the Norcross Group has refused to sign an NDA, particularly after it requested an NDA from the Company, publicly expressed an interest, just 10 days ago, in participating in the Strategic Review and the Board explained multiple times to the Norcross Group that it would receive a form NDA that will be sent to all interested parties. The Strategic Review Committee will, nonetheless, evaluate the Proposal, as part of the Strategic Review and consistent with its fiduciary duties. To facilitate this evaluation, the Strategic Review Committee has instructed Keefe Bruyette & Woods to engage with the Norcross Group's financial advisor."
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FFHL | Hot Stocks09:14 EDT Fuwei Films announces results of extraordinary general meeting in September - Fuwei Films announced that an Extraordinary General Meeting of Shareholders was held on September 24, 2022, at 10:00 a.m. at Fuwei Films Co., Ltd., No. 387 Dongming Road, Weifang, Shandong, China. Holders of approximately 70.5% of the Company's outstanding shares, as of the record date, August 22, 2022, were present in person or represented by proxy at the EGM and approved all the proposals as set forth in the Company's proxy statement dated August 22, 2022, including, among others, the authorization and approval of the agreement and plan of merger, dated as of July 18, 2022, by and among the Company and BaiJiaYun Limited, and any and all transactions contemplated by the Merger Agreement and the plan of merger. Completion of the Contemplated Transactions is subject to the satisfaction or waiver of the closing conditions set forth in Merger Agreement.
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ADIL | Hot Stocks09:13 EDT Adial Pharmaceuticals announces in vivo data for Purnovate's PNV-5030 - Adial Pharmaceuticals announced that Purnovate achieved in vivo data for PNV-5030, as a potential treatment for chronic pain. The study was conducted in four groups of ten rats, which underwent surgical injury of the sciatic nerve. After ten days of recovery, mechanical allodynia was performed using a 50% withdrawal threshold, an accepted animal model for measuring pain. Study highlights: PNV-5030 treatment was administered orally with a 15mg/kg dose. At 30 minutes post dose, PNV-5030 reduced pain by 43% compared to the control group, while acetaminophen doses did not have a significant effect. PNV-5030 also demonstrated a 49% improvement in pain reduction over acetaminophen. At 60 minutes post dose, PNV-5030 reduced pain by 76% compared to the control group. PNV-5030 also demonstrated a 53% improvement in pain reduction over acetaminophen. At 120 minutes post dose, PNV-5030 reduced pain by 62% compared to the control group, while acetaminophen doses did not have a significant effect. At 180 minutes post dose, PNV-5030 reduced pain by 56% compared to the control group. PNV-5030 also demonstrated a 56% improvement in pain reduction over acetaminophen. PNV-5030 has been tested to be more than 1000-fold selective over the adenosine A1 receptor. Historically, when selectivity has been achieved over the A1 receptor, water solubility has decreased, making biodistribution, which is the ability to achieve tissue distribution in the human body difficult to achieve. However, PNV-5030 has demonstrated solubility more than 50 times greater than other known selective adenosine compounds of the same class and has shown it achieves the necessary biodistribution. Solubility is often an important characteristic of successful drug candidates, and insufficient solubility has historically been a development limitation for adenosine analogues. The solubility profiles of the new compounds under development at Purnovate provide the opportunity to unlock the potential of this class of drugs to treat a broad array of diseases.
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PULM | Hot Stocks09:12 EDT Pulmatrix announces patient dosing completing for PUR3100 - Pulmatrix announced that all subjects have completed dosing in a Phase 1 trial evaluating PUR3100, a novel orally inhaled formulation of dihydroergotamine, DHE, in healthy volunteers. Phase 1 data from this study is expected in Q4 2022. The Phase 1 trial has a double-dummy, double-blinded design to assesses the safety, tolerability and pharmacokinetics of three distinct dose groups of inhaled PUR3100 with intravenous placebo compared to a single dose of IV DHE with inhaled placebo. Twenty-six healthy subjects were enrolled and each of the four groups contained at least six subjects. Ted Raad, Chief Executive Officer of Pulmatrix, noted "We believe that both the convenience and potential efficacy and tolerability profile of an inhaled DHE will allow for significant adoption, particularly among those who cannot obtain relief from current prescription medications. We look forward to advancing PUR3100 to potentially be a best-in-class product for this debilitating disease."
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QBAK | Hot Stocks09:12 EDT Qualstar announces 1-for-1,000 reverse/forward stock split - Qualstar Corporation announced that on September 26, 2022, it effected a reverse stock split of its common stock at a ratio of 1 post-split share for every 1,000 pre-split shares, and that it subsequently effected a forward stock split of its common stock at a ratio of 1,000 post-split shares for every 1 pre-split share. Following the Reverse/Forward Split, the Company's common stock continues to be traded on the OTC Markets under the ticker symbol QBAK, under a new CUSIP number 74758R307. For a period of 20 business days from the Reverse/Forward Split, a "D" will be placed on the Company's ticker symbol to reflect the Reverse/Forward Split. At the date of the Reverse Split, every 1,000 shares of the Company's issued and outstanding common stock were converted automatically into one issued and outstanding share of common stock. The Reverse Split affected all shareholders uniformly and did not alter any shareholder's percentage interest in the Company's equity, except to the extent that the Reverse Split resulted in a shareholder owning a fractional share. No fractional shares were issued in connection with the Reverse Split. Shareholders who would otherwise have been entitled to receive a fractional share instead became entitled to receive a cash payment equal to $2.25 per common share outstanding. However, if a shareholder held at least 1,000 shares of common stock at the time of the Reverse Split, any fractional share in such account relating to the Reverse Split were not cashed out, but instead were subject to the Forward Split, such that the shareholder's number of shares of common stock were unchanged following the Reverse/Forward Split.
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SB | Hot Stocks09:11 EDT Safe Bulkers announces sale of one Kamsarmax vessel for $15.84M - Safe Bulkers announced that it has entered into an agreement for the sale of MV Pedhoulas Trader, a 2006 Japanese-built, Kamsarmax class, dry-bulk vessel at a net sale price of $15.84 million and forward delivery date within December 2022.
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ROKU SBGI | Hot Stocks09:10 EDT Bally Sports+ expands distribution with addition of Roku Platform - Bally Sports+ (SBGI), is now available on Roku (ROKU). "The addition of Roku to the service's distribution lineup coincides with today's official rollout of Bally Sports+," said the company.
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YMAB | Hot Stocks09:10 EDT Y-mAbs Therapeutics announces regulatory filing for DANYELZA in Brazil - Y-mAbs Therapeutics announced that Adium Pharma has submitted a regulatory filing for DANYELZA for the treatment of patients with relapsed/refractory high-risk neuroblastoma to the Brazilian Health Regulatory Agency, Agencia Nacional de Vigilancia Sanitaria.
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ERIC | Hot Stocks09:09 EDT Ericsson selected by Bluesky to modernize its network - Ericsson announced that it will partner with Bluesky, a telecommunications and network service provider in the United States Territory of American Samoa, to provide equipment and services to modernize their network in the region. "Our top priority is providing high-speed connectivity for our customers," said Justin Tuiasosopo CEO at Bluesky. "We are committed to investing in upgrades that allow us to modernize our offerings and create better user experiences - and we look forward to working with Ericsson in deploying new equipment as well as preparing our networks for 5G." Deployment will begin in late 2022. As a trusted partner to many major and regional service providers, Ericsson is committed to supporting the market through the most advanced technology and services.
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DGLY | Hot Stocks09:08 EDT Digital Ally announces over $1M in August subscription orders - Digital Ally announced over $1 million in new subscription orders for the month of August, adding to an already extensive subscription list. The company's subscription program, which offers agencies flexible payment terms, has been very popular as municipalities continue to deal with tight spending budgets.
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SRNE | Hot Stocks09:07 EDT Sorrento Therapeutics completes enrollment of Phase 2 trial of resiniferatoxin - Sorrento Therapeutics announced that the company has completed enrollment of its latest Phase 2 clinical study of RTX for treating moderate-to-severe osteoarthritis of the knee pain. This Phase 2 study follows the analysis of the positive observations from the Phase 1b/2 trial results of RTX Day 84 patient data, for which Sorrento completed the one year following up of last patient visit in February 2021. The phase 2 trial, a multi-center, double blind, placebo- and active-controlled study, assesses the efficacy and safety of several dose groups of RTX to manage pain in patients with moderate-to-severe osteoarthritis of the knee pain. Given the durability of OAK pain relief response to RTX demonstrated in earlier phase 1/2 trials, Sorrento has decided to include an active comparator in the current trial protocol. If superiority is demonstrated by RTX against this widely used approved drug, this could be supportive data for accelerated international registrations and would enable pricing discussions with regulatory authorities in Europe. The RTX clinical development program in OAK pain continues to deliver as planned, with an end of phase 2 meeting with the FDA and concurrent phase 3 clinical trials planned in larger patient populations in the first half of 2023.
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WOW | Hot Stocks09:07 EDT WOW! releases inaugural ESG/sustainability report - WOW! Internet, Cable & Phone released its 2022 ESG/Sustainability Report, detailing the company's dedication to environmental stewardship, its ongoing support of communities and its corporate governance guidelines. The report highlights how WOW! incorporates its ESG framework into its relationships with customers, employees and other stakeholders. "At WOW!, we are guided by our values of Respect, Integrity, Spirit of Service and Accountability. These values help us responsibly manage our natural, social and people resources," said Teresa Elder, CEO of WOW!. "In observance of World Environmental Health Day, we are pleased to provide a more formal look into our culture and sustainability initiatives with our inaugural ESG report as we continue to conduct business with the interests of our employees, customers and our planet at the forefront."
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AGRI | Hot Stocks09:06 EDT AgriFORCE amends agreement for acquisition of Delphy Groep - AgriFORCE announced that following the definitive agreement to acquire Delphy Groep, the parties have further agreed to mutually extend the closing date as part of an Amended Agreement, to allow for sufficient time to complete a Form 14A for shareholder approval. The transaction is expected to be completed in the current calendar year, subject to AgriFORCE shareholder approval. The Amended Agreement will reduce the total purchase price from $29M to $17.66M, plus a potential earnout of up to $5.99M over 2 years, based on achieving future performance milestones.
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CRTD | Hot Stocks09:05 EDT Creatd receives approval to trade on OTCQB market - Creatd announced that it has qualified to trade on the OTCQB Venture Marketplace. The Company has been upgraded to the OTCQB from the Pink market. Creatd begins trading today on the OTCQB under the symbol "CRTD" and investors can find quotes for the Company's common shares on the OTC Markets website. Commented Creatd Chairman and CEO Jeremy Frommer, "With today's announcement we have officially taken our first step in our effort to have Creatd stock reinstated for listing on the Nasdaq, or pursue a larger exchange, the NYSE. Our go-forward plans are underpinned by our view that the distressed levels seen today are a product of market conditions, and not company fundamentals, and the conclusion that to finance properly in a seized capital market would be untenable. Our focus continues to be to generate long-term value for shareholders and to seek an environment, whether that be in the private sector or on an exchange, that accomplishes that goal."
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XDSL | Hot Stocks09:04 EDT mPhase Technologies appoints Charles Martin to advisory board - mPhase Technologies announced Charles Martin as a member of the Company's newly formed mPower Advisory Board Martin is considered a leading figure across multiple technology disciplines, with an established track record in machine learning, deep learning, data science, and AI software development, complemented by extensive domain experience in Natural Language Processing for Search Relevance.
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HPE | Hot Stocks09:04 EDT KAUST selects HP Enterprise to build supercomputer in Middle East - Hewlett Packard Enterprise announced that King Abdullah University of Science and Technology or KAUST selected HPE to build its next-generation supercomputer, Shaheen III, to deliver state-of-the-art supercomputing and artificial intelligence capabilities for advancing research in fields such as food, water, energy and the environment. Supercomputing capacity has become increasingly vital to global innovation, industry competitiveness and economic growth. From accelerating vaccine discovery to fight a pandemic, advancing clean energy systems to increase sustainability, to enabling new possibilities in AI, supercomputing is a core technology to solving the world's most challenging scientific and engineering problems.
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ADSK PTON | Hot Stocks09:04 EDT Autodesk appoints Treseder as Chief Marketing Officer - Autodesk (ADSK) announced the appointment of Dara Treseder as chief marketing officer, CMO, effective on October 14, 2022. Treseder will join Autodesk from Peloton Interactive (PTON), where she serves as SVP and global head of marketing, communications and membership. As CMO of Autodesk, Treseder will be responsible for Autodesk's marketing strategy globally, and oversee the company's worldwide marketing, brand & communications, global demand generation, and education business teams.
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WMT RBLX | Hot Stocks09:03 EDT Walmart announces launch of two new experiences in Roblox - Walmart (WMT) is announcing the launch of two new experiences in the metaverse mega-platform, Roblox (RBLX). Called Walmart Land and Walmart's Universe of Play, the spaces offer interactive content and entertainment for customers, bringing to life the Walmart's 'isles' in a virtual world. Walmart Land will bring fashion, style, beauty and entertainment items directly to the global Roblox community of over 52M daily users. The retailer will continue to bring the fun with Walmart's Universe of Play - the ultimate virtual toy destination in Roblox, just in time for those oh-so-real holiday wish lists.
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DASH | Hot Stocks09:02 EDT DoorDash enters partnership with Cobalt Robotics - Cobalt Robotics announced its partnership with DoorDash. DoorDash has implemented Cobalt's AI automated robots to increase security for its corporate offices and help its employees transition back to the office safely. This is the first time DoorDash has deployed AI robots in its office for securing the workplace.
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GOCO | Hot Stocks09:02 EDT GoHealth receives $50M strategic investment - GoHealth announced that it has closed a $50M private investment. The funding strategically expands GoHealth's shareholder base, enhances its already strong balance sheet as the Company focuses on driving strong cash flow in the near term, enables further investment in new technologies and strategic initiatives, enhances its multi-payer marketplace, and expands its Encompass platform, a revolutionary technology-driven approach to purchasing Medicare Advantage plans. "We are pleased to receive this investment from two significant partners who are sophisticated investors," said Vijay Kotte, CEO of GoHealth. "As we continue our Encompass-driven business transformation, this additional funding will empower us to deliver higher quality customer-service and enhance the differentiated value we bring to the market. We look forward to strengthening our multi-payer marketplace and further improving our ability to help millions of Medicare beneficiaries understand an ever-growing range of coverage alternatives." Kotte continued, "GoHealth is extending the role of the broker beyond traditional enrollment by driving continuous, high-quality engagement with beneficiaries and aligning incentives around retention. We are going to market in unique ways, and by making health insurance more accessible and easier to understand, GoHealth has established itself as a top choice for insurance advice in the U.S. We look forward to building on our position for the benefit of all our valued stakeholders."
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SINT | Hot Stocks09:01 EDT Sintx announces commencement of rights offering subscription period - SINTX Technologies announced that the subscription period for its previously announced rights offering has commenced. The Company has also extended the subscription period to October 12, 2022 at 5:00 PM ET to accommodate the Columbus Day holiday. If exercising subscription rights through a broker, dealer, bank or other nominee, rights holders should promptly contact their nominee and submit subscription documents and payment for the units subscribed for in accordance with the instructions and within the time period provided by such nominee. The broker, dealer, bank or other nominee may establish a deadline before October 12, 2022, by which instructions to exercise subscription rights, along with the required subscription payment, must be received. All record holders of rights certificates that wish to participate in the rights offering must deliver a properly completed and signed rights certificate, together with payment of the subscription price for both basic subscription rights and any over-subscription privilege election, to the Subscription Agent, to be received before 5:00 PM Eastern Time on October 12, 2022. The Company also announced updated pricing information for its previously announced rights offering. Each right will entitle the holder to purchase one unit, at a subscription price of $1,000 per unit, consisting of one share of Series D Convertible Preferred Stock with a face value of $1,000, Class A warrants to purchase, at an exercise price equal to the Conversion Price, a number of shares of SINTX's common stock equal to $1,000 divided by the Conversion Price and Class B Warrants to purchase, at an exercise price equal to the Conversion Price, a number of shares of SINTX's common stock equal to $1,000 divided by the Conversion Price. The Class A warrants will be exercisable for 5 years after the date of issuance and the Class B warrants will be exercisable for 3 years after the date of issuance.
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GAME | Hot Stocks08:54 EDT Engine Gaming's Frankly Media, Scioto Valley Guardian enter partnership - Frankly Media announced a partnership with Scioto Valley Guardian. Through Frankly's premium programmatic advertising services, Frankly developed news and entertainment centric iOS and Android apps for The Guardian in which monetization has commenced for both the developed apps and website.
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RIHT | Hot Stocks08:53 EDT American Films announces lawsuit against Rightscorp - American Films filed a lawsuit to recover in excess of $15M against Rightscorp, Inc. and its CEO and Chairman Cecil Kyte. The lawsuit alleges Rightscorp and Kyte lured AFI into a transaction to acquire Rightscorp, and then Rightscorp and Kyte used confidential information from the deal to reap a profit. AFI has retained Florida-based Shapiro, Blasi, Wasserman & Hermann, P.A. in connection with this matter. Furthermore, as a shareholder of Rightscorp, Inc. common stock, AFI is currently reviewing the possibility of initiating a shareholder rights action against Rightscorp, Inc. Any shareholder rights action would be brought for the benefit of all Rightscorp shareholders and the corporation, Rightscorp, Inc., itself. AFI has retained Nevada-based McDonald Carano LLP in connection with analyzing this matter.
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SONN | Hot Stocks08:52 EDT Sonnet BioTherapeutics appoints Lori McNeill to board of dirctors - Sonnet BioTherapeutics announced that Lori McNeill has been appointed to the Company's Board of Directors. Ms. McNeill's Board position will also round out the composition of the company's Business Advisory Committee, where she will serve as the Chairperson. Lori McNeill has over 20 years' experience in the healthcare industry, 13 of which were at Pfizer that included working as the Chief of Staff of Global Operations in the Integrated Health Business unit. Sonnet's BAC will operate as an external body, guiding the company on strategic matters including external collaborations, communications and connecting with government programs, such as the Cancer Moonshot initiative. The BAC will consist of a senior pharma executive from Pfizer, a former congressman with over eight years' experience on Capitol Hill, a former White House aide, a successful entrepreneur and Sonnet's investor relations team. The role of the committee will be to assist in partnering efforts and to elevate the company's profile in the field of immune oncology through communication and leveraging the current and upcoming corporate milestones.
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TBLT | Hot Stocks08:51 EDT ToughBuilt launches full line of hand saws - ToughBuilt Industries announced the Company's launch of 21 new SKUs into the global handsaws segment, beginning with a line of seven cutting tools featuring ToughBuilt's QuickSet Double-Edge Pull Saw. The new line will be available Q4 2022 and beyond for purchase through a leading US home improvement retailer and across global strategic network of partners and buying groups, servicing over 15,500 storefronts around the world.
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ATNF | Hot Stocks08:50 EDT 180 Life Sciences says clinical development plans 'remain on track' - 180 Life Sciences released a letter to stockholders from its CEO James Woody, which read in part, "In mid-June, I wrote to update you on the status of our Company and our respective investments. In that letter, I provided an update regarding the Company's clinical development plans, which remained on track then, and continue to remain on track today. As a reminder, 180 Life Sciences was founded on the belief that novel anti-inflammatory biologics that are already approved, such as anti-tumor necrosis factor, or adalimumab, could have the potential to address large unmet needs for a variety of additional indications. Currently, we have an active clinical development program that includes Phase 2a and Phase 2b proof-of-concept data which we believe demonstrates that anti-TNF therapy can prevent the progression of Dupuytren's disease in its early stages, as well as plans for two additional Phase 2 studies, one in frozen shoulder which has recently commenced, and the other in post-operative cognitive delirium, for which we just received grant funding. The POCD grant will allow 180LS to determine if administration of an anti TNF antibody, just prior to surgery, either reduces or eliminates the cognitive delirium often seen following surgery. This will be a randomized controlled clinical trial using Remsima, an anti TNF antibody supplied by Celltrion. We think all three indications share a similar underlying mechanism of being critically dependent on TNF. ..In April, we announced that positive Phase 2b data from our trial in Dupuytren's disease had been published in The Lancet Rheumatology. As discussed in that publication, through extensive research of published medical literature, as well as direct clinical and drug development experience, Dr. Nanchahal, Chairman of the 180LS Clinical Advisory Board , believes that the treatment for Dupuytren's disease is most effective during the early nodular stage of the disease, to prevent the development of cords and progression to finger contractures. Dr. Nanchahal's investigation of anti-TNF therapy in Dupuytren's disease in a small Phase 2a study found, that intranodular injection of 40 milligrams of adalimumab in 0.4 milliliter resulted in down-regulation of the myofibroblasts that are responsible for fibrosis and the formation of the nodule in the early stage of Dupuytren's disease. Based upon the Phase 2a findings, he determined that a rigorous randomized, double-blind, placebo-control Phase 2b was warranted in order to attempt to further demonstrate that repurposing anti-TNF therapy for Dupuytren's disease could be an effective treatment for early-stage disease and prevent progression. Based upon published medical literature, clinical experience and the findings from our Phase 2a study, we believed that a primary endpoint of nodule hardness and a secondary endpoint of nodule size could be effective indicators, or surrogates, of long-term disease progression in the absence of a clinical trial with a 10-year follow-up. The trial met its primary endpoint of nodule hardness and, importantly, also the secondary endpoint of nodule size. These were specified before the clinical trial was performed. The results were statistically significant when compared to placebo. Further there is published information indicating that module size correlates with eventual finger contraction. The significant and persistent reduction in nodule size as seen in the 2B trial would be expected to delay or eliminate the progression to finger contraction. This brings us to where we are today. We have a scheduled meeting during Q4 2022 with the U.K.'s Medicines and Healthcare products Regulatory Agency regarding our Phase 2b data in Dupuytren's disease, based on the initial determination by MHRA that our chosen endpoints need further validation. At this meeting, we plan to submit evidence to the MHRA that supports our chosen endpoints. Once this data is submitted, we expect further discussions with the MHRA, in which they are expected to provide final guidance regarding the regulatory approval pathway of an anti-TNF therapy in early-stage Dupuytren's disease. Knowing that this could take several months, we expect to gain clarity from the MHRA by late first quarter of 2023. We also continue to remain in discussions with potential partners, and/or licensees for our Dupuytren's program. In terms of additional progress, we recently disclosed that the first patient in the preventative frozen shoulder trial, also funded by a National Institute for Health and Care Research grant, had received an injection in the trial. There are five active sites, and we will be observing how quickly patients can be enrolled in this trial to gain information on the potential use of anti-TNF agents to reduce or eliminate the need for surgical intervention in this debilitating disease. For the POCD trial, we are gathering all the regulatory approvals necessary to initiate patient treatment, anticipated by Q1 2023, or earlier...In closing, we continue to work diligently and efficiently to deliver treatment options for one of the largest drivers of disease, inflammation. Our active clinical development program currently consists of three potential indications and our clinical development plans for all ongoing programs remain on track. We believe that the successful execution of our current clinical development plans over the long-term could enhance stockholder value."
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SRGA | Hot Stocks08:47 EDT Surgalign expands Fortilink product portfolio - Surgalign Holdings announced the expansion of its Fortilink product portfolio with the introduction and commercial launch of a new family of interbody fusion devices featuring TiPlus technology. The new implants include Fortilink-A with TiPlus technology for anterior lumbar interbody fusion procedures; Fortilink-TC and -TS with TiPlus technology for posterior lumbar interbody fusion procedures; and Fortilink-C with TiPlus technology for anterior cervical discectomy and fusion procedures. The new family of 3D-printed titanium alloy interbody cages are fully porous and designed using the benefits of 3D-printed manufacturing without compromise of clinical requirements.
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STIM | Hot Stocks08:46 EDT Neuronetics launches upgrades to Neurostar's TrakStar platform - Neuronetics announced upgrades today to the TrakStar platform that will offer all NeuroStar providers a more turnkey patient management experience. The TrakStar upgrade includes a simplified interface to quickly sort and prioritize potential patients with ease. NeuroStar's exclusive PHQ-10 tool, launched in early 2022, generates new patient candidates which are automatically loaded into TrakStar. To streamline the benefits investigation process, the BI results automatically appear in TrakStar and can be converted to a NeuroStar patient with the click of a button. Additional TrakStar advances include reporting updates to highlight patients who have not completed prescribed treatment or who may need re-treatment, a revamped tutorial page, and new clinical outcomes scores which can be automatically e-mailed to patients with customizable templates.
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DCT | Hot Stocks08:44 EDT Duck Creek Technologies announces partnership with Coaction Specialty Insurance - Duck Creek Technologies announced its latest partnership with Coaction Specialty Insurance Group, Inc. to upgrade the commercial specialty insurer's core policy, billing and commercial templates from on-premises to cloud-based software as a service using Duck Creek OnDemand. Duck Creek's technology suite will efficiently consolidate Coaction's technology solutions on Microsoft's Azure platform to increase its speed to market and ease of connecting with customers and industry partners.
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PRTK | Hot Stocks08:43 EDT Paratek Pharmaceuticals to host investor update on NTM - Paratek Pharmaceuticals announces that the company will host an update for investors on the global opportunity for NUZYRA in non-tuberculous mycobacteria on Monday, Oct. 3 from 10:30 a.m. to noon Eastern time. During the webinar, Paratek Chief Executive Officer Evan Loh, M.D., and Chief Development and Regulatory Officer Randy Brenner will provide a corporate overview, update investors on the market opportunity for NTM globally for both M. abscessus and M. avium complex, and summarize key takeaways from the company's ongoing scientific program in NTM, which includes the first randomized, placebo-controlled Phase 2b study being conducted in patients with NTM pulmonary disease caused by M. abscessus.
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AMAO | Hot Stocks08:42 EDT American acquisition merger target RMC gets rights for environmental business - American Acquisition Opportunity merger target company, Royalty Management Corporation , a sustainably driven, cash flow-oriented, royalty investment and development company, announced that it has acquired the rights to operate an environmental services business located in Noblesville, Indiana. The business will utilize leased property for clean fill material storage generated from residential and commercial construction. The revenue and cash flow generated from this activity will be done through its newly created subsidiary, RMC Environmental Services LLC. RMC Environmental Services generates income for each load of clean fill dirt that either enters the property or is removed from the property. With the continued development and construction in Noblesville, Indiana and the greater Hamilton County area, the need for disposal and removal of clean fill construction material is anticipated to continue its rise, providing sustainable income to this division of RMC while also providing areas for future land development and environmental stewardship. Tom Sauve, Chief Executive Officer of Royalty Management Corporation, commented, "This new business opportunity hits right at the heart of our business model, to generate sustainable revenue and cashflow streams from business lines while also ensuring the environment and land is protected for future use. This business line has substantial built-in demand and growth potential due to the large amount of construction growth taking place in the region, especially when it comes to increased volume of material and increased pricing power. We believe the value paid for the property will end up being less than 2x the current cash flow being generated, with additional growth opportunities available to this business as the property is developed. We are excited to work to optimize the value of the opportunity while also ensuring that we maximize the environmental protections and procedures that we utilize across our entire company."
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LMFA CORZ | Hot Stocks08:42 EDT LM Funding announces energization of 848 Pro Antminer machines - LM Funding America (LMFA) announced the energization of 848 S19J Pro Antminer Mining Machines at the Core Scientific (CORZ) facility in Calvert City, Kentucky. "We are excited to energize our first machines in my home state of Kentucky," said Bruce Rodgers, Chairman and CEO of LM Funding. "We plan to sell our mined Bitcoin to pay operating expenses and reinvest the balance in the purchase and operation of additional Bitcoin mining machines. Generating Bitcoin revenue marks the successful execution to date of our cryptocurrency mining business strategy and next phase of growth for our Company. We continue to believe all 5,400 machines will be energized and anticipated to be generating approximately 544 petahash on an annualized basis by December 31, 2022." The Company also announced that has also ordered 200 Bitmain S19 XP mining machines that have a hashrate of 140 TH/s and are expected to be delivered between December 2022 and January 2023.
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MULN | Hot Stocks08:40 EDT Mullen Automotive announces 'Strikingly Different' Tour kickoff dates - Mullen Automotive announces the kickoff dates of its "Strikingly Different" Tour for the Mullen FIVE EV Crossover. Mullen is proud to start the "Strikingly Different" Tour with the first stop in California on Oct 27 and 28 at the Rose Bowl in Pasadena, California. From there, the U.S. tour will continue to Las Vegas, Nevada, on Nov. 10 and 11 at the world-famous Las Vegas Motor Speedway.
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FFIE | Hot Stocks08:40 EDT Faraday Future announces resolution to governance dispute with FF Top - Faraday Future announced a resolution to its governance dispute with FF Top and the execution of definitive agreements for new financing. The company continues to have active discussions with capital providers to fund the production and delivery of the FF 91. The company announced a binding governance agreement with FF Top Holding, which resolves a range of issues concerning governance. The governance agreement includes an agreement for FF Top to withdraw its lawsuit against the FFIE board immediately, changes in FFIE board membership and board size, and certain amendments to Faraday Future's shareholder agreement with FF Top. Adam He has been appointed as a new independent board member and a member of the Nominating and Corporate Governance Committee and Audit Committee.
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POWW | Hot Stocks08:40 EDT AMMO celebrates grand opening of ammunition manufacturing plant - AMMO celebrated the grand opening of its new 185,000 square foot world-class ammunition manufacturing facility in Manitowoc, WI, on September 22nd. The Company currently employs over 300 people in Manitowoc and anticipates hiring another 100 team members over the next year with the completion of the new facility.
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TRYPF | Hot Stocks08:39 EDT Tryp Therapeutics files provisional patent applications for psilocybin, TRP-8803 - Tryp Therapeutics announced the filing of two new provisional patent applications. One patent application, #63/405,786, is for the use of psilocybin for the treatment of patients with fibromyalgia and the other application, #63/375,305, expands the IP related to the Company's development of TRP-8803. The Company is preparing for a Phase 2a clinical trial in collaboration with the University of Michigan to investigate safety and preliminary effectiveness of psilocybin-assisted therapy among patients with fibromyalgia. The clinical studies are expected to reinforce the positive preclinical results obtained by Tryp in an animal model of nociplastic pain. Once issued, the new patent will provide Tryp with Intellectual Property Protection for fibromyalgia utilizing its psilocybin-based candidates.
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BLDP SRAIF | Hot Stocks08:38 EDT Ballard Power inks contract with Stadler to supply fuel cell engines - Ballard Power Systems (BLDP) announced an order from Stadler Rail (SRAIF) for the supply of six 100 kW FCmove -HD+ fuel cell engines to power the first hydrogen train in the United States. The contract to provide the hydrogen-powered train was awarded to Stadler by San Bernardino County Transportation Authority, with the option of additional trains in the future. The train is expected to be in service in San Bernardino, California in 2024 and will seat over 100 passengers. "We continue to see the critical role hydrogen will play in decarbonizing our economy. We are excited to work with Stadler, a global industry leader in rail manufacturing, to reduce emissions in the transportation sector and bring the first hydrogen powered, zero emission passenger train to the United States," said Randy MacEwen, Ballard CEO.
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VZ | Hot Stocks08:37 EDT Verizon Connect introduces EV features for Reveal - The company said, "Mobile workforce managers looking to make more informed investment and planning decisions as they consider moving to electric vehicles (EVs) from their gasoline-powered ones will benefit from new enhancements, developed exclusively for EVs, in the Verizon Connect Reveal fleet management platform. For those customers who have already made the leap to EVs, the new updates to Reveal enable customers to easily manage their EVs and gas-powered vehicles, increase uptime by seeing their EVs' charging and battery status information all from one platform, and more. Beginning next month, Verizon Connect Reveal customers in the U.S. and Canada will be able to more effectively support various vehicle types - both gasoline-powered and EVs - in one pane of glass. These enhancements will support all Reveal customers including government, small and medium-sized businesses and large enterprise customers who have any combination of Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles and Internal Combustion Engine vehicles with OBD-II Standard Protocol."
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EVBG | Hot Stocks08:36 EDT Everbridge appoints David Alexander as chief marketing officer - Everbridge announced the appointment of David Alexander as chief marketing officer, responsible for leading the global strategy and vision for the Everbridge brand, and the go-to-market motions for the company's Critical Event Management product suite. David reports to executive VP and chief revenue officer Vernon Irvin. Prior to joining Everbridge, Alexander served as senior VP of global demand, operations, and field marketing at F5.
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HMBL | Hot Stocks08:36 EDT HUMBL, Great Foods2Go enter strategic technology partnership - HUMBL announced the formation of a strategic technology partnership with Great Foods2Go. Under the terms of the agreement, the two companies will integrate HUMBL's mobile application, search engine and marketplace technologies in support of GF2GO and its sub-brand, 1Delivery. The partnership will utilize the full HUMBL platform including: HUMBL Wallet, HUMBL Pay, HUMBL Search Engine and HUMBL Marketplace technologies. The partnership will focus initially on the San Diego, California cloud kitchen location and be designed to expand across multiple locations. The location currently prepares and delivers over 2,000 food orders per month across 30 virtual brands, ranging in popular cuisine styles such as American, Mexican, Italian and more. The companies will use this location as the first "HUMBL Hub" to determine the best technology mix of mobile payment applications, point-of-sale systems, search engine advertising and marketplace delivery technologies. HUMBL and GF2GO will also test virtual brands using HUMBL's mascot, a Bored Ape Yacht Club NFT named "BLUE," using such kitchen themes as "Blue's Tacos" and "Blue's Boring Breakfast," for which HUMBL will receive a revenue share on all orders.
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SPTN K | Hot Stocks08:36 EDT SpartanNash welcomes Nicole Zube as SVP, Chief Human Resources Officer - Food solutions company SpartanNash (SPTN) announced Nicole Zube as its new Senior Vice President, Chief Human Resources Officer, effective immediately. Zube joins SpartanNash from Kellogg (K) where she most recently served as Head of HR - U.S. Commercial.
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PBTS BABA | Hot Stocks08:36 EDT Powerbridge announces successful launch of its soccer collectable NFTs - Powerbridge Technologies (PBTS) announced that the Company has obtained an exclusive right in China through a partnership with the World Football Collection to offer a series of soccer collectable NFTs on Ali Auction. The soccer collectable NFTs had been launched on Ali Auction since September 20, 2020 with an accumulated views of over 240,000 from potential participants. The first batch of the NFTs were sold out within the first hour of the auction. Ali Auction established by Alibaba Group (BABA), is one of the leading online auction marketplaces with more than 2,000,000 daily active users. Ali Auction connects and benefits from the largest e-commerce platform in China with more than 100 million users. Stewart Lor, CEO of Powerbridge commented: "I am thrilled that we have successfully launched our NFTs on Ali Auction. We will continue to strive and expand our new business in metaverse applications and NFTs, and we anticipate continuous growth from our new business."
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CSCW | Hot Stocks08:35 EDT Color Star Technology to enter mobile industry with DONO Metaverse Phone - Color Star Technology has recently officially announced to the public that it will enter the mobile industry to cooperate on the development and manufacturing of a metaverse phone. It is understood that Color Star is cooperating with leading international enterprises to develop and manufacture the DONO metaverse phone. The DONO phone is an ESG-compliant, eco-friendly smartphone, from its materials all the way to the lifespan of the device. The Color Star team will be providing full support to the development process, and the Color World platform will be used to advertise and generate publicity for the phone. Farhan Qadir, CEO of Color Star, said: "The mobile industry is our new business segment, and we are very excited and confident about developing this segment in the years to come. We are a technology company, and combined with our continuous development and optimization of our metaverse platform, our DONO phone will be a significant entry in the industry. While the public has been studying the features of our metaverse, we have been looking into user safety and protecting their privacy. Moreover, we will combine our metaverse with other services and businesses in order to widen our market. We are not your typical tech company. Here, everything is possible."
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VZ | Hot Stocks08:34 EDT Verizon's response team ready for Tropical Storm Ian - The company said, "As Tropical Storm Ian makes its way towards the US, Verizon's response team is readying to keep communities and first responders connected when it matters most. Teams of Verizon engineers have been actively preparing by running emergency drills, testing fiber and cell site readiness, and ensuring recovery equipment is in place from the tip of Florida, through the Gulf Coast and up the East Coast. Verizon Frontline and the Verizon Frontline Crisis Response Team also stand ready to provide first responders on the front lines of response efforts with the mission-critical communications support they need."
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MMC | Hot Stocks08:34 EDT Marsh McLennan CEO Daniel Glaser to retire, John Doyle to succeed - Marsh McLennan announced that John Doyle has been named president and CEO, effective January 1, 2023. Daniel Glaser will retire from Marsh McLennan at year end following a decade leading the company. Doyle has served as group president and COO of Marsh McLennan since January and prior to that was president and CEO of Marsh, the company's risk advisory and insurance solutions business, from 2017 to 2021. Glaser has served as president and CEO since 2013. Upon his retirement as president and CEO, Glaser will also retire from the company's board of directors. Doyle will join the board as a director effective January 1, 2023.
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CHG | Hot Stocks08:34 EDT Corphousing acquires long-term rights to the Lafayette Hotel in New Orleans - CorpHousing Group announced it has acquired long-term rights to the Lafayette Hotel, a 60-unit historic boutique property located in New Orleans, LA, via a 15-year Master Lease Agreement . The Lafayette Hotel is CHG's first property in New Orleans, joining the Company's portfolio properties in New York, Washington, DC, Miami, Denver, Boston, and Seattle. CHG will manage and market the Lafayette Hotel to business and vacation travelers under its LuxUrbanTM brand, with operations expected to commence in October 2022. The addition of the Lafayette brings to 10 the total number of hotels in CHG's portfolio and the 60 units added under this MLA increases CHG's total units under long-term lease to 1037. The Lafayette Hotel is located on the fashionable St. Charles Avenue Streetcar Line, within the heart of the Historical Arts and Warehouse Districts in the Central
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DRRX | Hot Stocks08:34 EDT Durect, Innocoll announce US launch of POSIMIR - Innocoll Pharmaceuticals Limited, a commercial-stage biotechnology company and portfolio business of Gurnet Point Capital, and DURECT Corporation announced the recent commercial launch of POSIMIR in the United States. "We are pleased that Innocoll, with its dedicated hospital sales and marketing organization, has launched POSIMIR in the United States and recorded its first sales," added James E. Brown, President and Chief Executive Officer of DURECT Corporation. "Bringing a new non-opioid analgesic option with POSIMIR is a welcome next step in the evolution of pain management for patients." Per the terms of the collaboration between Innocoll and DURECT, Innocoll will make a $2M payment to DURECT triggered by the first commercial sale of POSIMIR. Previously, in August 2022, DURECT was issued a new patent by the US Patent Office, extending US patent coverage of POSIMIR to at least 2041, resulting in an $8M milestone payment by Innocoll to DURECT. These payments are in addition to the $4M upfront license fee received in January 2022. As the launch progresses, DURECT will receive tiered, low double-digit to mid-teen royalties on net product sales in the United States, as well as additional milestone payments up to $122M in the aggregate, depending on the achievement of certain commercial, regulatory and intellectual property milestone payments with respect to POSIMIR.
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PROF | Hot Stocks08:33 EDT Profound Medical presents four year follow-up data from TACT trial - Profound Medical announced that updated results from the TACT pivotal study were presented for the first time this past weekend, on Saturday, September 24, 2022, by Laurence Klotz, M.D., FRCSC, CM, Professor of Surgery, University of Toronto and Sunnybrook Chair of Prostate Cancer Research, at the FOCAL 2022 Conference held in Los Angeles, CA. TACT, a prospective, open-label, single-arm pivotal clinical study of whole-gland ablation, enrolled 115 patients with biopsy-proven, organ-confined prostate cancer, with the majority having intermediate risk disease. TACT demonstrated that the TULSA-PRO provides safe and effective prostate tissue ablation, with minimal adverse events, significant prostate volume and prostate-specific antigen reduction, and low rates of residual prostate disease. The study was used to support Profound's application to the U.S. Food and Drug Administration for 510(k) clearance to market TULSA-PRO in the United States, which was granted by the Agency in August 2019. In the presentation entitled "MRI-Guided Transurethral Ultrasound Ablation: Not Just Another Focal Therapy," Dr. Klotz reported that four-year follow-up data from the TACT clinical study continue to demonstrate durable and stable safety and efficacy outcomes. The primary efficacy endpoint of TACT was PSA reduction at one year, which decreased 95% to a nadir of 0.34 ng/ml from a median pre-treatment baseline value of 6.3 ng/ml. By four years, the median PSA nadir further reduced to 0.28 ng/ml. PSA reduction was durable over the extended follow-up period, from 0.53 ng/ml at one year to 0.86 ng/ml at four years. The primary safety endpoint of TACT was the frequency and severity of adverse events graded according to the Common Terminology Criteria for Adverse Events. Following treatment with TULSA-PRO, there were no Grade 4 or higher adverse events, no rectal fistula or injury, and no intraprocedural complications. With four-year follow-up, there were no new device or treatment related adverse events. Secondary oncological endpoints included progression to additional treatment for prostate cancer. At four years, 16% of patients in TACT underwent additional intervention for prostate cancer. Of those that progressed to additional treatment, the majority underwent either salvage radical prostatectomy or salvage external beam radiation therapy, noting that a repeat TULSA procedure was not permitted by protocol. Additional secondary endpoints of TACT focussed on functional side effects commonly associated with current prostate cancer therapies, including erectile and urinary functions. Over the four-year follow-up period, no patient experienced severe erectile dysfunction, and 87% of previously potent patients reported erection firmness sufficient for penetration, demonstrating continued improvement from 75% at one year. Urinary function was durable over the four-year follow-up period, with 99% of patients preserving urinary continence and 94% remaining completely pad-free. Lower urinary tract symptoms were stable, with median International Prostate Symptom Score improving from 7 at pre-treatment baseline to 5 at four years. In addition to the TACT study, Dr. Klotz's presentation reviewed additional post-market clinical publications of TULSA-PRO, including focal, partial-gland and customized ablation of localized prostate cancer, salvage TULSA of radio-recurrent prostate cancer, and relief of LUTS due to benign prostatic hyperplasia. A systematic review of the TULSA procedure published by Dora et al in the Journal of Endourology earlier this year was also highlighted, noting that potency preservation and freedom from salvage treatment were associated with the extent of the planned ablation fraction, where an ablation plan covering 75-85% of the prostate volume offers an attractive risk-benefit to the patient. Finally, an overview was provided of the ongoing post-market company-sponsored CAPTAIN randomized clinical trial, to which Dr. Klotz is one of the investigators, noting that this is the first Level I study ever conducted comparing an emerging technology directly with radical prostatectomy in men with prostate cancer.
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CELU | Hot Stocks08:30 EDT Celularity publishes new data on placental-derived NK cells in IAV infections - Celularity announced publication of a study in Frontiers in Immunology describing the antiviral role of its placental-derived natural killer cells in IAV infections. Celularity's NK platform propagates placenta-derived hematopoietic stem cells and differentiates them into NK cells. Celularity's therapeutic candidate CYNK-001 is an allogeneic placental-derived unmodified NK cell that is being developed as an off-the-shelf cryopreserved product. The study demonstrated how IAV sensitizes infected cells for targeting by CYNK-001 via multiple stress ligand and NK receptor activating pathways. Therapeutically, CYNK-001 may offer a benefit to patients with IAV and other viral infections, including its use a treatment for infectious disease for patients with limited treatment options. NK cells, an innate immune component, are important in defense against IAV infection by killing IAV-infected cells and producing cytokines as part of the innate immune response. According to the U.S. Centers for Disease Control and Prevention, there were 35 million influenza illnesses in the United States during the 2019-2020 flu season resulting in 360,000 hospitalizations and 20,000 deaths. The CDC estimates influenza costs the United States USD 10.4 billion annually in direct costs for hospitalizations and outpatient visits for adults. While yearly vaccines limit IAV's spread, they do not prevent all infections and therapeutic treatments for patients who experience severe infection are limited. An earlier publication by Celularity scientists demonstrated that CYNK-001 displays protective functions against IAV via its anti-inflammatory and immunomodulating activities, which leads to alleviation of disease burden and progression in a severe IAV-induced acute lung injury mice model. CYNK-001 has also been investigated in non-IAV viral infections. In April 2020, Celularity received FDA clearance of an investigational new drug application for CYNK-001 in the treatment adults with COVID-19 infection. CYNK-001 is believed to be the first immunotherapy to have received this clearance by the FDA for treatment of COVID-19.
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EFTR | Hot Stocks08:28 EDT eFfector Therapeutics appoints Mayank Gandhi as CBO - eFFECTOR Therapeutics announced it has appointed Mayank Gandhi, M.D., as chief business officer. Dr. Gandhi will lead eFFECTOR's corporate growth strategy, business development and partnership opportunities. Gandhi has over 15 years of biopharmaceutical industry and capital markets experience, most recently serving as the vice president of corporate development & strategy of Jiya Acquisition Group.
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Z | Hot Stocks08:28 EDT Zillow presents new brand, ShowingTime+ - Zillow Group presents ShowingTime+, a new, unified brand to integrate and simplify the company's best-in-class technology offerings for agents, brokers and multiple listing services. The expanded software suite includes all existing products and services from ShowingTime, dotloop, Bridge Interactive, and 3D Home tours and interactive floor plans. "'Plus,' very simply, means 'more'," said Jun Choo, senior vice president of ShowingTime+. "The extended ShowingTime+ brand reflects the breadth of our offerings and the opportunity we have to continue building tools that help agents succeed. Ultimately, our goal is to reduce transaction friction for everyone by offering an integrated, open platform for real estate professionals to run their business. Nearly 90% of home shoppers and sellers work with an agent, and at ShowingTime+, we want to help agents bring them home," said Choo.
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BNGO | Hot Stocks08:28 EDT Bionano Genomics to provide genetic counseling with OptraHEALTH's HealthFAX - Bionano Laboratories and OptraHEALTH announced their collaboration to utilize HealthFAX's proprietary AI platform to enhance genetic counseling services and improve care for patients receiving diagnostic services through the Bionano Laboratories. Bionano Laboratories utilizes cutting-edge technologies to provide genetic diagnostics in both clinical and research settings. Bionano Laboratories intends to scale its operations while continuing to improve the customer testing experience by adopting the HealthFAX platform. Within Bionano Laboratories' new operational workflow, patients seeking additional information surrounding genetic disorders and testing services are sent a link to a custom HealthFAX virtual assistant through the program's ExpertConnect feature. This feature provides information to patients on the genetic testing process and testing options and collects personal and family history needed for future potential discussions with genetic counselors. The approach will allow Bionano Laboratories to automate parts of their up-front education workflows and reduce the workload for their team, enabling Bionano Laboratories to potentially service greater numbers of patients while providing more efficient and effective customer care to their patients.
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LPCN | Hot Stocks08:27 EDT Lipocine announces strategic realignment, focus on treating CNS disorders - Lipocine announced its plans to focus on treating CNS disorders. "We are excited to announce a new strategic direction for Lipocine, which involves applying our validated Lip'ral technology to develop new treatments for CNS disorders," said Dr. Mahesh Patel, President and CEO of Lipocine Inc. "Our initial focus is on endogenous neuroactive steroids which have broad applicability in treating various CNS conditions and where we can leverage our platform to develop highly differentiated oral therapeutics." New Strategic Direction Focused on CNS: Lipocine's priority is to advance its pipeline of endogenous neuroactive steroids. NAS have been shown to impact central nervous system function largely through allosteric modulation of the GABAA receptor. As a novel drug class, NAS have received considerable attention because of their potential to treat various neuropsychiatric conditions including depression, movement disorders, epilepsy, anxiety, and neurodegenerative diseases. Lipocine believes that its technology can be applied to enable effective oral delivery of endogenous modulators of the GABAA receptor, which historically have been challenging to deliver orally due to poor aqueous solubility. Lipocine's most advanced NAS candidate is LPCN 1154, a non-invasive, oral formulation of the neurosteroid brexanolone which the company is developing for the treatment of PPD. The pilot PK bridge study is ongoing with results expected in the first quarter of 2023. Planned Monetization of Non-Core Assets: Lipocine has developed a portfolio of clinical stage candidates including LPCN 1144 for treatment of non-cirrhotic NASH, LPCN 1148 for decompensated liver cirrhosis, LPCN 1107 for prevention of pre-term birth, and LPCN 1111, a once-a-day therapy for TRT. The Company intends to advance these programs further through partnerships, a strategy that is designed to diversify risk and potentially create opportunities for non-dilutive financing.
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WINT | Hot Stocks08:26 EDT Windtree Therapeutics to present data from Phase 2 study of istaroxime - Windtree Therapeutics reported that a late breaking abstract describing dose response data from its positive Phase 2 clinical study of istaroxime in early cardiogenic shock will be presented on October 2 at the Heart Failure Society of America Annual Scientific Meeting in Washington, DC. The SEISMiC study met its primary endpoint of significantly improved systolic blood pressure over the first 6 hours of study drug infusion. This is an important clinical objective in treating patients with cardiogenic shock. The significant improvement in blood pressure profile persisted through 24 hours. Patients treated with istaroxime experienced a substantial increase in stroke volume that contributed to an increased cardiac output without increasing heart rate. The study met several other secondary endpoint assessments of cardiac function. Importantly, renal function was not worsened with istaroxime infusion.
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AMEH | Hot Stocks08:25 EDT Apollo Medical announces affiliate's entry into agreement to acquire AAMG, FYB - Apollo Medical announced that it and its affiliated California medical corporation have entered into a definitive agreement to acquire 100% of the fully diluted capitalization of All American Medical Group, AAMG, and For Your Benefit, FYB, as well as certain related managed care assets. The investment and partnership with AAMG and FYB will bring over 15,000 Medicare Advantage, Commercial, and Medicaid patients in the City and County of San Francisco and San Mateo County under ApolloMed's umbrella of services, further expanding the Company's presence in Northern California following the recent acquisitions of Access Primary Care Medical Group and Jade Health Care Medical Group. Brandon Sim, Co-Chief Executive Officer of ApolloMed, stated, "We are incredibly excited to partner with the over 250 mission-driven physicians at AAMG and FYB, allowing us to combine our core competency of managing a patient's total health with AAMG's decades of leadership in the community and its ability to provide high-quality, culturally competent care. The benefits for patients will be multifold: firstly, we will further broaden our already expansive network to include the most trusted doctors in San Francisco and San Mateo counties, providing more high-quality choices to our members. In addition, by assuming financial responsibility for a patient's entire care continuum-in both professional and institutional settings-we will be even better positioned to coordinate and deliver the best possible care for our patients. AAMG and FYB are known not only for their stellar reputation in providing accessible healthcare to local citizens but also for their deep involvement in the community. They provide patients with access to in-person and online health education and resources to promote healthy living in their communities and, with their non-profit partner Chinese Community Health Care Association, award grants that help fund programs geared towards educating the community on health-related topics. We are honored to have the opportunity to continue supporting these types of healthcare advocacy and education initiatives."
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GANX | Hot Stocks08:24 EDT Gain Therapeutics presents preclinical data on GT-02287 - Gain Therapeutics announced the presentation of new preclinical data evaluating one of its lead Structurally Targeted Allosteric Regulator compounds, GT-02287, for the treatment of Parkinson's Disease. Study results were presented at the Shaare Zedek Medical Center GBA Parkinson's disease symposium by Manolo Bellotto, Ph.D., Chief Strategy Officer & General Manager for Gain Therapeutics, in a presentation entitled, "Non-inhibitory Chaperones for GBA-Parkinson's Disease." The study was conducted using human induced pluripotent stem cells derived from donor patients with GBA-associated Parkinson's disease, which were then differentiated into dopaminergic neurons. This "Disease in a dish" model is a cutting-edge research strategy used to model diseases outside the human body. In this study, GT-02287, the Company's lead compound in its Parkinson's program, demonstrated statistically significant, positive effects across a range of measurable parameters, including an increase in GCase levels and lysosomal transport measured by GCase co-localization into the lysosomes. It also reduced pathologically elevated levels of phosphorylated and aggregated alpha-synuclein, which are known to be a critical marker of Parkinson's-induced neurodegeneration. The accumulating preclinical data for GT-02287 demonstrate that Gain's orally bioavailable, brain penetrant small molecule candidate stabilizes and restores the function of misfolded GCase, thus correcting a prominent enzymatic dysfunction underlying GBA1 Parkinson's disease pathology. Approximately 14% of Parkinson's disease patients are known to possess a mutation in the GBA1 gene, which encodes for the lysosomal enzyme GCase, and represents the most common genetic risk factor for Parkinson's disease. GBA1 genetic mutations are associated with earlier onset disease and more aggressive disease progression. Gain believes that GT-02287, with its ability to restore GCase enzyme function, may be able to protect against, or possibly reverse, the damaging cascade of neuronal degeneration implicated in serious CNS disorders like Parkinson's disease.
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ARQT | Hot Stocks08:23 EDT Arcutis says ARRECTOR Phase 3 trial met co-primary, secondary endpoints - Arcutis Biotherapeutics announced topline results from the ARRECTOR Pivotal Phase 3 trial evaluating roflumilast foam 0.3%, a once-daily, non-steroidal topical phosphodiesterase-4 inhibitor, for the treatment of adults and adolescents with scalp and body psoriasis. The study met its co-primary endpoints of S-IGA Success and B-IGA Success, and all secondary endpoints. Specifically, 67.3% of individuals treated with roflumilast foam achieved S-IGA Success compared to 28.1% of individuals treated with a matching vehicle foam at week 8, and 46.5% of individuals treated with roflumilast foam achieved B-IGA Success compared to 20.8% of individuals treated with a matching vehicle foam at week 8. Roflumilast foam also demonstrated statistically significant improvements compared to vehicle on all secondary endpoints, including scalp itch as measured by Scalp Itch Numeric Rating Scale and overall itch as measured by Worst Itch NRS at week eight. Plaque psoriasis impacts 9 million people in the United States and approximately 40 percent of individuals have involvement of the scalp. Scalp psoriasis can have a significant negative impact on quality of life, with individuals feeling shame, embarrassment, or self-consciousness as a result of their scalp disease. Today, scalp psoriasis is most often treated with topical therapies, including corticosteroids and vitamin D analogs, which come with trade-offs between efficacy, tolerability, and long-term usability. Roflumilast foam is a selective and potent PDE4 inhibitor that has been uniquely formulated as an emollient, water-based, moisturizing foam that can be used on the scalp and body. Roflumilast foam was well-tolerated, and the overall safety and tolerability profile was consistent with previously published studies of roflumilast cream 0.3% and foam. The incidence of Treatment Emergent Adverse Events was low and generally similar between active treatment and vehicle, with most TEAEs assessed as mild to moderate severity. Overall, the most common adverse events in the study population included headache, diarrhea, and COVID-19. In the study, 89.0% of patients who were randomized to roflumilast foam completed the full eight weeks, and few subjects discontinued study drug due to adverse events. The Company already announced plans to submit a New Drug Application to the U.S. Food and Drug Administration for roflumilast foam for the treatment of seborrheic dermatitis in Q1 of 2023. The Company believes that the positive results from the ARRECTOR study should provide sufficient bases for a supplemental NDA.
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PNC | Hot Stocks08:23 EDT PNC Financial announces acquisition of Linga - The PNC Financial Services Group announced it has acquired Linga, a point of sale, POS, and payments solutions firm providing an industry-leading, cloud-based restaurant operating system. The acquisition of Linga and its technology will further expand PNC's digital resources and enhance the bank's capabilities to better serve its hospitality and restaurant industry clients. "We believe this is an exciting opportunity to continue to grow our business and support our existing channel partners and clients, and to do so with a company that shares our vision of delivering innovative and high-quality solutions," said Onur Haytac, founder and CEO of Linga. "As we've worked with PNC over the last several years, we've had incredible success with our combined payments capabilities and we look forward to continuing this strategic collaboration as we move forward together." Linga will retain its founder and CEO, Onur Haytac, its existing management team, and U.S. and Canada-based employees, and will continue to operate out of Naples, Fla., and Toronto. Linga will continue to manage its portfolio of channel partners and clients.
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TCNNF | Hot Stocks08:21 EDT Trulieve Cannabis launches Khalifa Kush Cannabis in Florida - Trulieve Cannabis announced the official launch of Khalifa Kush premium medical cannabis products in select Florida retail locations this Saturday, October 1. This is an exclusive partnership with recording artist Wiz Khalifa in Florida. Patients can visit any Trulieve location in Florida on October 1 for a chance to receive Khalifa Kush swag and prizes. Trulieve to launch Khalifa Kush premium medical cannabis products in select Florida retail locations Saturday, October 1. "Trulieve is honored to have the iconic Wiz Khalifa as an exclusive partner in Florida to curate and promote his unique product line," said Kim Rivers, CEO of Trulieve. "As an artist, he has such a strong vision of how he wants to express himself. Together, we've created a line of products that offer best-in-class cannabis to Florida patients and represent the passion and creativity that Wiz Khalifa is known for."
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JSPR | Hot Stocks08:21 EDT Jasper announces clinical data from invesigator sponsored study of JSP191 - Jasper Therapeutics announced that data from the company's investigator-sponsored study of JSP191 as a conditioning agent in the treatment of Fanconi Anemia were presented at the annual conference of the Inborn Errors Working Party, a research group of the European Society of Blood and Marrow Transplantation, held on September 23-25, 2022, in Paris, France. The study is a Phase 1/2 clinical trial utilizing JSP191 to treat Fanconi Anemia patients in bone marrow failure requiring allogeneic transplant with non-sibling donors. The objective of the study is to develop cell therapy for Fanconi Anemia which enables enhanced donor hematopoietic and immune reconstitution with decreased toxicity by transplanting TCR ab+ T-cell/CD19+ B-cell depleted stem cells from a donor, after using JSP191 as a part of conditioning. Primary outcome measures include the number of patients without treatment-emergent adverse events following the administration of JSP191. In the data series presented, 100% complete donor chimerism was achieved through six months for the first patient and at one month for the second patient. Neutrophil engraftment was reached on day 11 for both patients and platelet engraftment was achieved on days 9 and 14. JSP191 was cleared by day 9 after dosing and no treatment-related adverse events or toxicities were observed.
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CRBP | Hot Stocks08:20 EDT Corbus Pharmaceuticals appoints Altmeyer to board of directors - Corbus Pharmaceuticals announced the appointment of Anne Altmeyer, PhD, MBA, MPH to its board of directors. Dr. Altmeyer is currently the President and CEO of TigaTx.
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FFNTF | Hot Stocks08:19 EDT 4Front Ventures launches premier California cannabis brand - 4Front Ventures announced the launch of its premier California cannabis brand, Island Cannabis, in Massachusetts. Following the Company's acquisition in April 2022 of Island, a California-based producer of pre-rolls, flower and concentrate products, the Company began cultivating 11 new Island flower strains at its state-of-art flower facilities located in Holliston, Georgetown and Worcester, Massachusetts. "After our acquisition of Island earlier this year, we quickly set out to strategically bring the very best the brand had to offer to our customers - and I couldn't be more pleased with how quickly and efficiently our team was able to deliver these popular California fan favorites to Massachusetts consumers," said 4Front CEO Leo Gontmakher. "With the launch of Island in the Bay State, we're confident that even the pickiest of cannabis connoisseurs will fall in love with these strains, and that as a whole, the brand will create a loyal following - just as it has in the Golden State. We also look forward to bringing additional high-quality flower products from Island to Massachusetts in the very near future, including larger format flower offerings, and Island's best-selling prerolls and infused prerolls in singles and multipacks."
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RXT | Hot Stocks08:19 EDT Rackspace Technology sees Q3 results within previously announced guidance range
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MLTX | Hot Stocks08:19 EDT MoonLake to initiate global Phase 2 study of Nanobody sonelokimab - MoonLake Immunotherapeutics announced U.S. Food and Drug Administration clearance for a Phase 2 clinical study of the nanobody sonelokimab in patients with active psoriatic arthritis. This is a global clinical study that also includes several European countries. This new study is subsequent to the completion of a global Phase 2b study in moderate-to-severe psoriasis and the initiation of the Phase 2 "MIRA" study in moderate-to-severe hidradenitis suppurativa. The global, randomized, double-blind, placebo-controlled study is designed to evaluate the efficacy and safety of different doses of sonelokimab compared to placebo, with adalimumab as an active reference arm, in approximately 200 patients with active PsA. The primary endpoint of the study is the American College of Rheumatology 50 response defined as the percentage of participants achieving greater than or equal to50% improvement in signs and symptoms of disease from baseline, compared to placebo. This study is the first in PsA to use the Nanobody. The study will also include a range of secondary endpoints reflecting the heterogeneous and multi-faceted nature of the disease, including the assessment of skin clearance. disability, enthesitis, pain, as well as other levels of ACR response. Patient enrollment is expected to begin in 2022, with the first sites being initiated in Europe and in the United States. Sonelokimab is an investigational Nanobody designed to treat inflammatory disease by inhibiting the IL-17A/A, IL-17A/F, and IL-17F/F dimers that drive inflammation. In addition, sonelokimab is designed to directly target sites of inflammation and penetrate difficult-to-reach inflamed tissues.
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RXT | Hot Stocks08:19 EDT Rackspace Technology to commence search for permanent CFO
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RXT APO | Hot Stocks08:19 EDT Rackspace Technology names Amar Maletira as CEO, effective immediately - Rackspace Technology (RXT) announced the appointment of Amar Maletira as CEO. Maletira, who has served as Rackspace Technology's President and CFO since November 2020, has assumed responsibilities effective immediately. David Sambur, Co-Head of Private Equity at Apollo Global Management (APO) and Chairman of the Rackspace Technology Board of Directors, stated, "Amar brings broad management and leadership experience, and over the course of his career, he has helped transform several multi-billion-dollar technology businesses. He has also been instrumental in crafting Rackspace Technology's new strategic direction and operating model. We believe his appointment as CEO will allow us to improve and accelerate the execution of our new go-forward strategy." In addition to the CEO role, Maletira will continue as the CFO until a permanent CFO is named. The company will launch an immediate search for a permanent CFO. Outgoing CEO Kevin Jones will take on the role of operating advisor with Apollo.
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QMCO | Hot Stocks08:17 EDT Quantum announces two new directors - Quantum announced the appointment of Don Jaworski and Hugues Meyrath to the Board of Directors, effective November 9, 2022. Don Jaworski has more than 40 years of experience and currently serves as president and chief operating officer of Lacuna Technologies. Hugues Meyrath most recently served as chief product officer of ServiceChannel, a market-leading facilities management software platform.
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GROM | Hot Stocks08:17 EDT Grom Social's Curiosity Ink Media signs Chelsea, Matt Giegerich to pen story - Curiosity Ink Media announced that it has secured the husband-wife writing team and best-selling authors, Chelsea and Matt Giegerich, to pen the storyline for The Pirate Princess, an original, heartwarming coming-of-age tale about a fearless teenager raised by a notorious, but loving band of pirates
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CYN | Hot Stocks08:16 EDT Cyngn enters multi-phase contract with building materials manufacturer - Cyngn announced the signing of a multi-phase contract with a global building materials manufacturer that will spearhead the development of the company's next DriveMod-enabled vehicle platform: electric forklifts. The customer manufactures a variety of building materials used in commercial and residential properties and generated over $5B in revenues in 2021.
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JZXN | Hot Stocks08:16 EDT Jiuzi Holdings launches new corporate website - Jiuzi announced that it has launched a new corporate website. The new website was created to strengthen communication and branding with investors, customers, and business partners. The new site provides key information on JZXN including corporate and product information, corporate news, and important investor information such as access to SEC filings, corporate governance, press releases, and financial reports. "We are pleased to launch our new corporate website, which will significantly enhance communication with the public, improve the visibility of our company in the U.S. marketplace and reinforce our commitment to transparency as a U.S. publicly traded company," commented Shuibo Zhang, CEO of Jiuzi Holdings.
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SNN | Hot Stocks08:15 EDT Smith & Nephew first to market with revision knee indication - Smith+Nephew announces the first cases for revision knee replacement utilizing its CORI Surgical System. Dr. Thorsten Seyler of Duke University performed the first cases on August 17, 2022, combining Smith+Nephew's handheld robotics technology with its LEGION Revision Knee System. Smith+Nephew is the first orthopaedics company to receive FDA 510(k) clearance for a revision indication using a robotics-assisted platform. RI.KNEE ROBOTICS utilizes image-free smart mapping, eliminating the need for pre-operative CT/MRI scans and the potential for image distortion due to in situ components from the primary procedure. "The ability to visualize and create symmetric and balanced flexion and extension gaps with the CORI handheld robotic system has made one of the most challenging tasks in revision TKA an easier undertaking. I have never used more posterior stabilized over constrained bearings in a revision scenario. Additionally, the image-free system also allows for accurate mapping of bone defects after implant removal and enables surgeons to use a bone preserving approach to revision TKA," said Dr. Seyler.
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CNXA | Hot Stocks08:15 EDT Connexa Sports receives non-compliance notification from Nasdaq - Connexa Sports Technologies announced that it had received a letter from The Nasdaq Stock Market on September 22, 2022, notifying the Company that it is not in compliance with the periodic filing requirements for continued listing because the Company's Form 10-Q for the period ended July 31, 2022 and Form 10-K for the fiscal year ended April 30, 2022 were not filed with the Securities and Exchange Commission by the required due dates. As previously disclosed, the Company received a letter from Nasdaq on August 16, 2022 regarding the Company not filing its 2022 10-K. The Notice Letter has no immediate effect on the listing or trading of the Company's shares. Nasdaq has provided the Company with 60 calendar days from the date the First Letter was received, until October 17, 2022, to submit a plan to regain compliance with regard to the Periodic Reports. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company up to 180 days from the prescribed due date for the filing of the 2022 10-K, or February 13, 2023, to regain compliance. The Company expects and intends to submit to Nasdaq the compliance plan with regard to the Periodic Reports by or before October 17, 2022. The Company continues to work diligently to complete its 2022 10-K and targets filing both the 2022 10-K and the 2023 Q1 10-Q in November 2022, after which the Company anticipates regaining and maintaining compliance with its SEC reporting obligations and Nasdaq listing requirements. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
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METC | Hot Stocks08:14 EDT Ramaco Resources completes acquisition of Maben Coal - Ramaco Resource announced that it has closed the previously announced acquisition of 100% of the equity interests of Maben Coal), an entity owned by Appleton Coal, through the Company's subsidiary Ramaco Development. Maben Coal LLC holds approximately 33M tons of minable coal on over 28,000 leased acres located in Wyoming County and Raleigh County, West Virginia. The purchase price of $30M consisted of: (i) $9M to be paid in cash at closing and (ii) $21M paid from the proceeds of a two-year secured note payable to Investec Bank. The Acquisition is anticipated to be accretive to the Company over the next 12 months. The Maben property contains various areas of high quality low vol met coal in the Sewell, Pocahontas 3, Pocahontas 4, and Pocahontas 6 seams of coal. The Company expects that the 1.5 million tons of coal contained in the Sewell seam will be mined beginning in the first quarter of 2023 by the surface and high wall mining methods. The Company will consider the deep mine development of the 31 million tons of coal contained in the Pocahontas 3 and the Pocahontas 4 seams at some future point. Such future development would involve adding approximately 1 million tons per year at full production with construction of a new preparation plant and loadout. The Sewell seam mine development will begin immediately after the closing. Initial production is expected in the first quarter of 2023 with an anticipated annual yield of 250,000 tons in 2023, remaining at that level through 2028. The Company estimates that the near-term Maben mining operations will have cash mine costs in the $80 per ton range, plus additional trucking costs to our Knox Creek preparation plant. The Acquisition cost and capital expenditures related to mine development and equipment are expected to be approximately $15 million, with the majority of that spend in 2022.
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ENZ | Hot Stocks08:13 EDT Enzo Biochem launches AMPIVIEW gene expression platform - Enzo Biochem announced the launch of the AMPIVIEW line, a breakthrough RNA gene expression platform powered by Enzo's LoopRNA in situ hybridization technology. The AMPIVIEW platform with its first products for HPV detection and analysis significantly expands Enzo's position in the oncology market and paves the way for expansion into the growing spatial biology space. The company said, "Enzo's AMPIVIEW RNA products combine the precision of targeted, sequence-specific probes with the superior sensitivity of its novel LoopRNA ISH technology. This innovative design enables sensitive and specific detection of target genes in tissue or cell samples while preserving the morphology. The study of single cells within their native tissue environment, known as spatial biology, helps scientists better characterize and understand disease."
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EHC | Hot Stocks08:12 EDT Encompass Health plans to build 50-bed inpatient rehabilitation hospital - Encompass Health announced it plans to build Encompass Health Rehabilitation Hospital of Wildwood, a freestanding, 50-bed inpatient rehabilitation hospital in The Villages, Florida. Complementing local acute care services, the future hospital will serve patients recovering from debilitating illnesses and injuries, including strokes and other neurological disorders, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions. "We are excited to expand and grow our presence in central Florida, as we identified this as an underserved area for inpatient rehabilitation services," said Lori Bedard, president of Encompass Health's Southeast region. "We hope to bring significant value to this community by developing a new hospital focused on high-quality clinical outcomes and cost-effective, individualized care, which allows patients to receive rehabilitation closer to home."
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UMH | Hot Stocks08:12 EDT UMH Properties completes addition of two tranches to Fannie Mae credit facility - UMH Properties announced that it recently completed the addition of two tranches to its Fannie Mae credit facility through Wells Fargo Bank, N.A., for total proceeds of approximately $34 million. One tranche consists of four communities and the other tranche consists of approximately 250 homes located in those communities. Both tranches have a loan term of 10 years with the Community Tranche amortizing over 30 years and the Home Tranche amortizing over 17 years. Interest is at a fixed rate of 5.24%. The proceeds will be used to invest in additional acquisitions, expansions, rental homes and other general corporate purposes, further enhancing our ability to increase shareholder value and provide quality affordable housing in the markets that we serve.
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WTM | Hot Stocks08:11 EDT White Mountains announces final results of its tender offer - White Mountains Insurance Group announced the final results of its "modified Dutch auction" tender offer. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on September 20, 2022. Based on the final count by the depositary for the tender offer, 327,795 shares were properly tendered and not properly withdrawn at or below the final purchase price of $1,400 per share. The Company is purchasing all validly tendered shares for approximately $458.9 million. The shares purchased in the tender offer represent approximately 11.3% of White Mountains's shares outstanding as of August 19, 2022. Payment for the shares purchased under the tender offer will be made promptly.
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PHAT FLAC | Hot Stocks08:11 EDT Phathom Pharmaceuticals appoints James Topper to board of directors - Phathom Pharmaceuticals (PHAT) announced the appointment of James "Jamie" Topper, M.D., Ph.D., to its Board of Directors. Dr. Topper currently serves as a Managing Partner at Frazier Life Sciences, which invests globally in private and publicly traded companies that discover, develop, and commercialize innovative biopharmaceuticals. He is also the Chairman and CEO of Frazier Lifesciences Acquisition Corporation (FLAC).
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M | Hot Stocks08:10 EDT Macy's plans to hire 41,000 full- and part-time seasonal positions - Macy's announced plans to hire colleagues for more than 41,000 full- and part-time seasonal positions for the upcoming holiday season at its Macy's, Bloomingdale's and Bluemercury stores, supply chain locations and call centers. The number of seasonal opportunities is relatively consistent with the number of open positions in prior years. The digitally led, omnichannel retailer offers a convenient hiring experience with applications taking as little as five minutes and majority of job offers made within 48 hours.
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JAMF | Hot Stocks08:09 EDT Jamf Holding to acquire ZecOps, terms not disclosed - Jamf announced it signed a definitive agreement to acquire ZecOps, Inc. a leader in mobile detection and response. This acquisition uniquely positions Jamf to help IT and security teams strengthen their organization's mobile security posture, accelerating mobile security investigations from weeks to minutes, leverage known indicators of compromise at-scale, and identify sophisticated 0 or 1 click attacks on a much deeper scale. ZecOps will bring important capabilities to the Jamf platform to help address the growing trend of targeted mobile attacks. Jamf offers robust management and mobile security capabilities for iOS devices; however, access to deeper insights into potential security exploits is technically challenging and requires physical access to the device, which is difficult in a remote work environment. ZecOps is a robust, unparalleled solution that provides the deepest layer of insight and assurance for security-conscious customers with high value targets that need something more. ZecOps provides the same level of visibility currently available for macOS through Jamf Protect but for iOS, making it capable of detecting the kinds of sophisticated mobile threats that Apple's Lockdown mode aims to prevent. With ZecOps, users can have both Lockdown mode and ZecOps software operating at the same time. This transaction is subject to the satisfaction of customary closing conditions and is expected to close in the fourth quarter. Terms of the transaction were not disclosed.
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PLYA | Hot Stocks08:08 EDT Playa Hotels & Resorts provides update on impact from Hurricane Fiona - Playa Hotels & Resorts announced an update on the impact of Hurricane Fiona on the Hyatt Ziva & Zilara Cap Cana, Hilton La Romana, Dreams Palm Beach and Dreams Punta Cana. While there was no structural damage at any of the Company's resorts in the Dominican Republic, the Hyatt Ziva & Zilara Cap Cana and the Hilton La Romana will be closed for a period of time to expedite necessary clean up and repair work as a result of Hurricane Fiona. The resorts are expected to reopen during the fourth quarter of 2022. The Dreams Palm Beach and Dreams Punta Cana both remain open and operational. The Company carries property and business interruption insurance and is currently working with its insurance partners to reopen the Hyatt Ziva & Zilara Cap Cana and the Hilton La Romana in a timely manner.
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NIOBF GXII | Hot Stocks08:08 EDT NioCorp, GX announce combination approved by directors, additional details - NioCorp Developments (NIOBF) and GX Acquisition Corp. II (GXII) announced the signing of a definitive agreement for a proposed business combination between the two companies. The Business Combination Agreement has been approved by the Board of Directors of each of NioCorp and GXII. Each of the Board of Directors of NioCorp and the Board of Directors of GXII recommends that NioCorp shareholders and GX stockholders, respectively, vote in favor of the business combination. GenCap Mining Advisory has provided a fairness opinion to the Board of Directors of NioCorp stating that, as of the date of such opinion, and based upon and subject to the assumptions, limitations, and qualifications stated in such opinion, the Transaction, defined below, is fair from a financial point of view to NioCorp shareholders. Scalar has provided a fairness opinion to the Board of Directors of GXII stating that, as of the date of such opinion, and based upon and subject to the assumptions, limitations and qualifications stated in such opinion, the consideration to be received by the holders of GXII's Class A common stock is fair from a financial point of view to such shareholders. THE NIOCORP-GXII BUSINESS COMBINATION AGREEMENT: Under the terms of the Business Combination Agreement with GXII, GXII will merge with and into a wholly owned subsidiary of NioCorp, with GXII surviving the merger as a subsidiary of NioCorp. NioCorp, as the parent company of the merged entity, will issue common shares to the public shareholders of GXII, with the sponsor shareholders receiving shares in GXII that are exchangeable into common shares of NioCorp. The proposed business combination is expected to close in the first quarter of 2023, subject to effectiveness of the registration statement on Form S-4 that NioCorp expects to file, the satisfaction of customary closing conditions, including certain governmental approvals, the approval of the TSX, and the approval of certain elements of the proposed Transaction by a majority of shareholders of GXII and a majority of NioCorp shareholders voting to approve such elements. The proposed additional financings will also be subject to the approval of the TSX. Post-closing, the NioCorp Board will include two directors from GXII. Additional information may be found in the Current Reports on Form 8-K being filed by NioCorp and GXII with the U.S. Securities and Exchange Commission and the applicable Canadian securities regulatory authorities in connection with the announcement of the proposed Transaction. NioCorp intends to use the proceeds from the proposed Transaction and the contemplated financings to advance its efforts to launch construction of the Elk Creek Project and move it to commercial operation.
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ODV | Hot Stocks08:07 EDT Osisko Development announces closing of $20M metals stream to advance Tintic - Osisko Development announced that Tintic Consolidated Metals has closed the previously announced metals stream with Osisko Bermuda Limited pursuant to a Metals Purchase Agreement dated August 12, 2022. All conditions to complete the Stream Agreement have been fulfilled, including TCM's receipt of the upfront payment of $20M from OBL which will be used to advance the development of Tintic. Pursuant to the Steam Agreement, effective as of May 29, 2022, OBL will receive 2.5% of the refined metal production from Tintic until 27,150 ounces of refined gold have been delivered, and thereafter OBL will receive 2.0% of the refined metal production from TCM. OBL will make ongoing cash payments to TCM equal to 25% of the applicable spot metal price on the business day immediately proceeding the date of delivery for each ounce of refined metal delivered pursuant to the Stream Agreement.
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SGEN LVTX | Hot Stocks08:07 EDT Seagen, Lava Therapeutics announce exclusive LAVA-1223 license agreement - Seagen (SGEN) and Lava Therapeutics (LVTX) announced an exclusive license agreement in which Seagen will work to develop, manufacture and commercialize LAVA-1223. LAVA-1223 is an advanced preclinical asset that utilizes LAVA's proprietary Gammabody technology to target epidermal growth factor receptor, or EGFR-expressing solid tumors. Under the terms of the agreement, Seagen will receive an exclusive global license for LAVA-1223 and pay LAVA $50M upfront; up to approximately $650M in potential development, regulatory and commercial milestones; and royalties ranging from the single digits to the mid-teens on future sales. The agreement also provides Seagen with the opportunity to exclusively negotiate rights to apply LAVA's proprietary Gammabody platform on up to two additional tumor targets.
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ILPT... | Hot Stocks08:07 EDT Industrial Logistics appoints Brian Donley as CFO and Treasurer - Industrial Logistics Properties Trust (ILPT) announced that Brian E. Donley has been appointed as Chief Financial Officer and Treasurer, effective October 1. Mr. Donley has more than 25 years of commercial real estate experience, including expertise in corporate finance and reporting, mergers and acquisitions, capital market transactions and compliance. He has served in various finance and accounting leadership roles at The RMR Group ( RMR) since 1997 and has been promoted to a Senior Vice President of RMR, effective October 1. Mr. Donley also serves as Chief Financial Officer and Treasurer of Service Properties Trust (SVC) and is a certified public accountant. Mr. Donley succeeds Richard W. Siedel, Jr. as Chief Financial Officer and Treasurer of ILPT. Mr. Siedel continues to serve as Chief Financial Officer and Treasurer of Diversified Healthcare Trust ( DHC) and a Senior Vice President of RMR.
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SRZN | Hot Stocks08:06 EDT Surrozen publishes study on SZN-413 in preclinical models of DR - Surrozen announced the publication of an article by Surrozen scientists in the journal Translational Vision Science and Technology The results observed with Surrozen's proprietary FZD4-specific agonist, SZN-413, highlight the potential for this novel mechanism of action to simultaneously address the retinal non-perfusion and vascular leakage observed in both oxygen-induced and VEGF-induced preclinical diabetic retinopathy models. Diabetic retinopathy is a microvascular complication of diabetes and a serious public health problem as it is a major cause of vision loss and disability in the middle-aged population. The pathogenesis of DR leads to vascular leakage, which causes diabetic macular edema, and capillary occlusion causing retinal ischemia. These areas of retinal non-perfusion can lead to overproduction of multiple signaling molecules, such as VEGF, that contribute to vascular leakage and pathologic angiogenesis. There are currently multiple anti-VEGF therapies available, however these have not been shown to improve retinal ischemia - leaving a high unmet medical need for new mechanisms of action that have the potential to achieve retinal reperfusion and can reduce the production of factors contributing to vascular leakage and pathologic neovascularization. SZN-413, a bi-specific antibody that targets FZD4 and LRP5, induced Wnt signaling and upregulated blood-retinal barrier gene expression in retinal endothelial cells. FZD4-mediated Wnt signaling is known to play a critical role in retinal vascular development and vessel barrier function in humans and rodent models. The results presented in this paper confirmed that FZD4 and LRP5 are the most abundant and relatively specific receptors expressed in the retinal ECs and SZN-413 induced tight junction proteins in retinal vascular ECs. In a preclinical oxygen-induced retinopathy model, intravitreal injections of SZN-413 significantly reduced avascular area size compared to the positive control, aflibercept. In addition, SZN-413 significantly reduced the pathologic neovascularization area size compared to vehicle and comparable to the positive control. In a VEGF-induced vascular leakage model, SZN-413 reduced retinal vascular leakage from baseline by approximately 80%.
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NIOBF GXII | Hot Stocks08:05 EDT NioCorp to combine with GX Acquisition Corp. II to access additional capital - NioCorp Developments (NIOBF) and GX Acquisition Corp. II (GXII) announced the signing of a definitive agreement for a proposed business combination between the two companies. Under the Business Combination Agreement, NioCorp will acquire GXII, a U.S.-based special purpose acquisition company, and intends to be listed on the Nasdaq Stock Exchange soon after the acquisition closes, which is expected in the first quarter of 2023. NioCorp shares will also continue to be traded on the Toronto Stock Exchange. The proposed Transaction values the combined entity at an estimated enterprise value of $313.5M. Assuming no redemptions by GXII public shareholders, upon deal close the combined operating entity could have access to as much as $285 million in net cash from the GXII trust account to continue advancing the Elk Creek Critical Minerals Project. Final proceeds will depend upon redemption rates of current GXII shareholders at the consummation of the proposed Transaction. Additionally, NioCorp announced the signing of non-binding letters of intent for two separate financing packages with Yorkville Advisors Global. Subject to entering into definitive agreements, these financings could provide the Company with access to up to an additional $81 million to help advance the Elk Creek Project. NioCorp CEO and Executive Chairman Mark Smith said: "This business combination with GXII, and the two additional financing packages, have the potential to significantly accelerate our efforts to obtain the required project financing and to ultimately bring the Elk Creek Project to construction and eventual commercial operation. Our goal is to rapidly build secure and reliable U.S. supply chains of the critical minerals that multiple industries need to help us build a more sustainable and less carbon-intensive future and for other critical domestic uses. Once completed, these transactions have the potential to put NioCorp on the fast track to obtain the required project financing to deliver on that promise, and to do so in an environmentally smart manner."
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SGEN LVTX | Hot Stocks08:05 EDT Seagen, Lava Therapeutics enter worldwide license agreement for LAVA-1223 - Seagen Inc. (SGEN) and LAVA Therapeutics N.V. (LVTX) announced an exclusive license agreement in which Seagen will work to develop, manufacture and commercialize LAVA-1223. LAVA-1223 is an advanced preclinical asset that utilizes LAVA's proprietary Gammabody technology to target epidermal growth factor receptor-expressing solid tumors. Under the terms of the agreement, Seagen will receive an exclusive global license for LAVA-1223 and pay LAVA $50M upfront; up to approximately $650M in potential development, regulatory and commercial milestones; and royalties ranging from the single digits to the mid-teens on future sales. The agreement also provides Seagen with the opportunity to exclusively negotiate rights to apply LAVA's proprietary Gammabody platform on up to two additional tumor targets. LAVA-1223 employs a targeted approach that is designed to amplify natural tumor recognition by directing gamma delta T cells to the EGFR+ tumor to kill target cells and trigger immune activation while minimizing impact to normal antigen-expressing tissue. Activating the adaptive immune system with this approach has the potential to provide durable immune responses with the possibility of enhancing patient survival.
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SATL | Hot Stocks08:04 EDT Satellogic awarded contract to monitor subnational protected areas - Satellogic announced a contract to monitor all subnational protected areas on the planet through the new GREEN+ Jurisdictional Programme. The provision of reliable and consistent high-quality satellite data will be governed by the CC35 Capital Cities Secretariat, the Global Footprint Network and The Energy Coalition, among other stakeholders committed to conserving the Earth's "last lungs."
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CELZ | Hot Stocks08:03 EDT Creative Medical announces peer reviewed publication for StemSpine study - Creative Medical Technology announced the peer reviewed publication of positive, two-year follow-up data for the Company's StemSpine study, showing significant efficacy of the StemSpine procedure for treating chronic lower back pain without any serious adverse effects reported. The StemSpine publication demonstrates the clinical use of the patented procedure that utilizes a patient's own bone marrow aspirate for the treatment of chronic lower back pain. There were no safety related concerns at up to two years follow-up. The StemSpine procedure resulted in an efficacy rate of 87% in the treated patients in terms of decreased pain and increased mobility. "The positive two-year data from our StemSpine study is very encouraging and may help alleviate the current opioid crisis related to prescription medication abuse for chronic lower back pain," said Timothy Warbington, President and CEO of the Company. "To our knowledge, this is the first demonstration of the clinical efficacy of injecting bone marrow aspirate into areas surrounding the disc, which may repair, remodel and improve the blood supply around the disc and lower back area. We believe StemSpine represents an attractive non-surgical option for many of the millions of Americans who suffer from chronic lower back pain and look forward to further translation."
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ATCO FRFHF | Hot Stocks08:03 EDT Poseidon increases bid price to acquire Atlas Corp. to $15.50 per share - Poseidon Acquisition Corp., on behalf of a consortium composed of David L. Sokol, Chairman of the Board of Directors of Atlas Corp. (ATCO), certain affiliates of Fairfax Financial Holdings Limited (FRFHF), the Washington Family, and Ocean Network Express announced it has unilaterally increased its bid price to acquire all of the outstanding common shares of Atlas that the Consortium does not already own or control to US$15.50 per share in cash. Poseidon Chairman David L. Sokol stated that the increased bid price represents Poseidon's final and best offer. The non-binding proposal was conveyed on September 26, 2022 in a letter to Atlas' Special Committee.
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GBARF | Hot Stocks07:41 EDT Monarch Mining files technical report for Croinor Gold project - MONARCH MINING CORPORATION announces that it has filed on SEDAR a National Instrument 43-101 technical report for its Croinor Gold project. Monarch published a press release on August 11, 2022, which summarized the assumptions and key results contained in the technical report. There are no material differences between the assumptions and estimates contained in Monarch's press release dated August 11, 2022, pertaining to this property, from those contained in the technical report that was filed today.
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TMDI | Hot Stocks07:40 EDT Titan Medical appoints Eric Heinz VP, market and corporate development - Titan Medical announced that Eric Heinz has been appointed as the company's Vice President, Market and Corporate Development. Mr. Heinz will be responsible for developing and executing on strategic business plans to expand and accelerate Titan's Enos robotic single access surgical system's portfolio cadence. He will also lead existing partnerships and look to supplement those to maximize Titan's reach and the utilization of the Enos system. Mr. Heinz will engage and collaborate with stakeholders in refining the company's value proposition, branding, product positioning and core messaging. He recently served as Director, Business Development for Smith & Nephew.
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FENC | Hot Stocks07:39 EDT Fennec announces second closing of $20M investment from Petrichor - Fennec Pharmaceuticals completed the second closing of $20M of senior secured promissory notes under our previously announced investment agreement with Petrichor Healthcare Capital Management. Under the terms of the original investment agreement, the second closing of $20M was to be funded upon the U.S. Food and Drug Administration approval of PEDMARK by September 30, 2022 and satisfaction of other closing conditions. On September 20, 2022, the FDA approved the Company's New Drug Application for PEDMARK to reduce the risk of ototoxicity associated with cisplatin in pediatric patients one month of age and older with localized, non-metastatic solid tumors. Further, Fennec upon mutual agreement with Petrichor, may draw up to $20M of additional financing under the investment agreement.
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AAWH | Hot Stocks07:38 EDT Ascend Wellness announces several social impact initiatives - Ascend Wellness has announced an array of programs and initiatives to support cannabis expungement efforts. Special Expungement Events: AWH will host a week of events across the U.S. that offers expungement and other legal services to formerly incarcerated individuals. Not only will the clinics assist in expungement and record sealing, but they will also help attendees access other critical resources, such as housing, mental health support, legal services and more. Ascend Foundation: In addition, AWH has increased donations through its previously announced, Ascend Foundation, expanding the Company's Corporate Social Responsibility. Partnership: AWH continues to contribute to nonprofit organizations that work to address the harms and injustices created by cannabis prohibition. Including contributions by Ascend customers, AWH recently surpassed $1.8 million in donations to the Last Prisoner Project. Continued Commitment: These initiatives follow a long history of the Company's commitment to criminal justice reform. "It is critical that companies with the resources to uplift those harmed by cannabis prohibition take the opportunity to do so," said Frank Perullo, President and Co-Founder of AWH. "AWH prioritizes its responsibility to the cannabis community by not only supporting the Last Prisoner Project but also expanding the mission's reach to a local level through the Ascend Foundation. It is my hope that more and more MSOs will answer the call to foster and fund restorative justice in the industry we all love.
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REAX | Hot Stocks07:38 EDT The Real Brokerage to acquire LemonBrew Lending for $1.3M - The Real Brokerage announced that it signed an agreement to acquire LemonBrew Lending . The acquisition marks the next pivotal step in executing Real's strategy of developing a seamless end-to-end home buying experience. LemonBrew Lending is a tech-enabled home loan platform, licensed to provide a full suite of mortgage services across 20 states in the U.S. including Texas, California, and Florida. The company currently operates as a mortgage brokerage, serving as an intermediary between borrowers and lenders. Additionally, LemonBrew Lending is licensed as a lender in certain states, positioning Real with the option to expand its mortgage platform as long-term strategic needs for the business evolve. As part of the acquisition, Chief Executive Officer of LemonBrew Lending, Samir Dedhia, along with 25 other employees will be joining the team at Real. Pursuant to the terms of a share purchase agreement dated September 23 between Real, LemonBrew Lending and LemonBrew Technologies , the Company will acquire 100% of the issued and outstanding equity interests of LemonBrew Lending from the Seller for an aggregate purchase price of $1,250,000. The purchase price will be satisfied by cash in the amount of $800,000 and the issuance of such number of common shares of Real equal to the product of $450,000 divided by the 5-day volume weighted average trading price of Real's common shares on the NASDAQ immediately prior to the closing of the Acquisition. All dollar figures shown herein are presented in USD. Completion of the Acquisition is subject to a number of further conditions precedent, including, but not limited to: the execution of employment and consulting agreement between Real and certain key officers and employees of LemonBrew Lending; approval of regulatory consents and other customary closing conditions. The Acquisition has been approved by Real's Board of Directors, subject to customary closing conditions, including regulatory approvals, and is expected to close in the fourth quarter of 2022.
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PWP | Hot Stocks07:37 EDT Perella Weinberg CEO Peter Weinberg to step down, Andrew Bednar to succeed - Perella Weinberg Partners announced that Peter Weinberg has informed the Board of Directors of his intention to step down from his role as CEO, effective January 1, 2023. Andrew Bednar, Co-President, has been unanimously approved by the Board as the CEO of the Firm, effective January 1, 2023. Weinberg will continue to serve as the Chairman of the Board of Directors and Chairman of the working partner committee that controls the Company's high-vote stock. Dietrich Becker, a founding partner based in London who has served as Co-President with Mr. Bednar, will become President and continue as a member of the Board of Directors.
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DLTR AAP | Hot Stocks07:37 EDT Dollar Tree names Michael Creedon, Jr. as COO - Dollar Tree (DLTR) announced an executive leadership addition, as Michael Creedon, Jr. will be joining the organization as COO. Creedon joined Advance Auto Parts (AAP) in December 2013, was executive VP, U.S. Stores since March 2021.
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ACIU | Hot Stocks07:36 EDT AC Immune partner LMI progresses PI-2620 into late-stage development - AC Immune announced that its partner, Life Molecular Imaging, is moving PI-2620, the Tau positron-emission tomography tracer, into late-stage clinical development in Alzheimer's disease. As part of the agreement with AC Immune, LMI will make a milestone payment. PI-2620 is a potentially best-in-class Tau PET tracer with high binding affinity and selectivity for aggregated Tau. AC Immune's proprietary Morphome platform enabled the discovery of PI-2620 in a research collaboration with LMI. Tau aggregates are an important indicator of neuronal death and correlate strongly with cognitive decline. Accurate detection of aggregated Tau may therefore contribute to improved diagnosis and advanced monitoring of cognitive performance in patients with dementia. Supporting results on the use of PI-2620 in AD patients were obtained from an investigator sponsored Phase 2 trial at the Asan Medical Center and were presented at this year Alzheimer's Association International Conference. This study in 69 subjects showed suitability of using PI-2620 as a targeted radiopharmaceutical for the detection of Tau deposits and for measuring longitudinal changes in subjects with mild cognitive impairment and in AD patients.
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PRPL | Hot Stocks07:36 EDT Purple announces committee to evaluate takeover proposal from Coliseum Capital - Purple Innovation announced that its Board of Directors, in response to an unsolicited and non-binding proposal from Coliseum Capital Management on September 17, 2022 to acquire all of the outstanding capital stock of the Company it does not already own for $4.35 per share in cash, has formed a special committee of independent and disinterested directors and the Special Committee has approved the adoption of a limited-duration shareholder rights plan. Coliseum beneficially owns approximately 45% of Purple's outstanding shares. The Special Committee: The Board formed a Special Committee to take any and all actions necessary to evaluate the Coliseum Proposal and determine the course of action that is in the best interests of all of Purple's shareholders. The Special Committee has not reached any conclusion as to the advisability or feasibility of a potential transaction at this time. The Special Committee is comprised of independent directors Gary DiCamillo, Claudia Hollingsworth, Paul Zepf and Dawn Zier.
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ATCO | Hot Stocks07:35 EDT Poseidon Acquisition raises bid price to acquire Atlas Corp. to $15.50 per share - Poseidon Acquisition Corp., on behalf of a consortium composed of David Sokol, chairman of the board of directors of Atlas Corp. (ATCO), certain affiliates of Fairfax Financial, the Washington Family, and Ocean Network Express, a global container, transportation and shipping company, announced it has unilaterally increased its bid price to acquire all of the outstanding common shares of Atlas that the consortium does not already own or control to $15.50 per share in cash. Poseidon chairman David Sokol stated that the increased bid price represents Poseidon's final and best offer. The non-binding proposal was conveyed on September 26 in a letter to Atlas' Special Committee.
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CNPOF | Hot Stocks07:34 EDT RIV Capital reminds shareholders to vote FOR its board nominees - RIV Capital reminds shareholders that the deadline for voting FOR the Company's board of directors nominees is on September 27, 2022. "We believe that our Board nominees will execute on RIV Capital's strategic vision to become a leader in the industry and capitalize on the lucrative growth of the market in the years ahead," said Mark Sims, Director, President and CEO, RIV Capital. "Under its guidance and stewardship, we believe that the Company will continue to create long-term shareholder value. Without a doubt, the future is bright for RIV Capital."
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NDBKY | Hot Stocks07:33 EDT Nedbank partners with Africarare metaverse - Nedbank has partnered with Africarare, Africa's first metaverse, and secured a 12x12 village in Ubuntuland on which to establish its presence as the first African financial services organisation to enter the metaverse. This forms part of the financial services group's strategy to lead in digital, go beyond banking, discover new marketing platforms and leverage new technology to better serve its customers and stay at the forefront through forward-thinking solutions. The Nedbank village with a focus on customer value and services, will contain numerous experiences ranging from virtual gaming, a sports lounge and more.
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WPC MCO | Hot Stocks07:33 EDT W.P. Carey announces ratings upgrade to Baa1 by Moody's Investor Service - W. P. Carey (WPC) announced that Moody's (MCO) Investors Service has upgraded the company's senior unsecured debt and issuer ratings from Baa2 with a positive outlook, to Baa1 with a stable outlook. In the same action, the senior unsecured debt rating of its European affiliate, WPC Eurobond B.V., was upgraded from Baa2 with a positive outlook, to Baa1 with a stable outlook. "Our upgrade by Moody's to Baa1 reflects not only the quality of our portfolio and the strength of our balance sheet, but also our differentiated approach within net lease," said Jason Fox, Chief Executive Officer of W. P. Carey. "We're pleased with this upgrade, which affirms W. P. Carey's sustained positive trajectory since receiving our initial investment grade rating in 2014 - executing on our growth, balance sheet and capital markets strategies."
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DRKTF | Hot Stocks07:29 EDT Darktrace announces five new customers in critical infrastructure sector - Darktrace announced that it has expanded its customer base across the critical infrastructure sector, signing contracts with new customers in several regions. Darktrace's new customers in this sector include: A global maritime trade organization serving over 100 countries; A major oil refinery in Scandinavia with several hundred employees; A European science organization focused on global renewable energy projects; A UK-based waste management company operating a fleet of over 100 vehicles; A US-based wholesale electrical distributor founded over 100 years ago. "Critical infrastructure forms the backbone of our economies, delivering the vital services that help society to function. Any interruption to these services has immediate repercussions on people's day- to-day lives," said Poppy Gustafsson OBE, CEO at Darktrace. "We are proud to be protecting even more of these organizations as we continue to pursue our mission of freeing the world of cyber disruption, using our AI technology to ensure vital services can run uninterrupted for the millions of people that depend on them."
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ATHE | Hot Stocks07:28 EDT Alterity Therapeutics announces presentation from ongoing bioMUSE study - Alterity Therapeutics announced a poster from the ongoing Biomarkers of Progression in Multiple System Atrophy, bioMUSE, natural history study was presented at the International Congress of Parkinson's Disease and Movement Disorders. The presentation correlates data from wearable sensors with clinical assessments of motor function in individuals with Multiple System Atrophy, MSA. MSA is a rapidly progressive parkinsonian disorder that results in slowed movements, lack of coordination and difficulty with walking and balance that predisposes to falls. The poster, entitled Wearable Sensors for Quantitative Motor Assessments in Multiple System Atrophy, describes 12 participants from the ongoing bioMUSE study who wore sensors for up to one year to characterize their motor disability in an outpatient setting. In the study, sensor parameters strongly correlated with clinical scales of motor impairment that were largely driven by changes in gait stability. Investigators concluded that step count and walking time are sensitive measures of disease progression in early MSA. David Stamler, M.D., Chief Executive Officer, Alterity, added, "We are very encouraged by these findings as they validate the use of wearable sensors in our ongoing ATH434 Phase 2 clinical trial in MSA. We are using these sensors in study participants to evaluate motor performance in a real-world setting. Progressive decline in motor function represents an important source of disability in MSA so it is important to have tools to measure it with precision. The data presented demonstrate that we can quantify activity levels of participants to support the outcome of the study."
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GS | Hot Stocks07:21 EDT Global Compute, Southern Cross team up with Data Horizon Americas - Data Horizon Americas is announcing that it has secured institutional financial backing from Global Compute Infrastructure and Southern Cross Group. Global Compute, constituted in 2020 by former co-founders of Digital Realty Trust, is backed by Goldman Sachs Asset Management. SCG is the first and longest-standing large-cap, exclusively Latin America-dedicated pan-regional private equity investment fund with more than 20 years of history. The combination of Global Compute and SCG provides sector and regional knowledge to DHA as well as highly relevant commercial, technical and institutional relationships. The combination of this expertise and financial backing will assist DHA as it grows the platform through organic, data center campus development as well as potential acquisitions of existing facilities and platforms.
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DCRD HHRS | Hot Stocks07:19 EDT Hammerhead, DCRD announce C$1.39B Business Combination - Hammerhead Resources and Decarbonization Plus Acquisition Corporation IV (DCRD), a special purpose acquisition company, announced that they have entered into a definitive agreement for a business combination that values Hammerhead at C$1.39B. Upon closing of the transaction, the combined company is expected to be listed on the Nasdaq Capital Market and trade under the ticker symbol "HHRS". Closing of the transaction is expected to occur in Q1 2023. The combined company will continue to be managed by Hammerhead's current executive team, led by CEO Scott Sobie. "We are extraordinarily proud of the company we have built since inception over a decade ago," said Scott Sobie. "Not only does Hammerhead stand poised to harvest what we consider to be among the most attractive rates of return well locations in Western Canada, but Hammerhead's current emissions profile is already advantaged through its investment of over C$400 million in modern, technically optimized facilities that are being utilized across its properties. We believe an energy transformation is underway where conventional energy and power sources will continue to play an important role in the world energy mix for some time to come. The current global profile of both energy security and resource intermittency are demonstrating the need for continued reliance on conventional sources. We believe the energy industry has an emissions challenge, and we aim to be a leader in redefining public expectations around how companies like ours can contribute to the advancement of global net zero goals." Transaction Details: The transaction is anticipated to generate gross proceeds of approximately $320M, assuming minimal redemptions. The funds will be used to accelerate Hammerhead's CCS program. The pre-money enterprise value of the combined company is C$1,390M at a price of $10 per share. In the event of high redemptions by DCRD's public shareholders, and assuming Hammerhead's planning price deck prevails, Hammerhead would still expect to execute on the CCS program, but at a slower pace. Governance: Hammerhead is currently majority-owned and controlled by affiliates of Riverstone Holdings. The board of directors of DCRD created a Special Committee comprised solely of directors not affiliated with Riverstone to review and approve the transaction and to make a recommendation to the board of directors of DCRD. The DCRD Special Committee engaged Kroll, LLC, operating through its Duff & Phelps Options Practice, to provide a fairness opinion to the DCRD Special Committee and Maples Group as its independent legal counsel for the transaction. The transaction was unanimously recommended and approved by the Special Committees and boards of directors of both Hammerhead and DCRD. It remains subject to the approval of DCRD's and Hammerhead's shareholders and the satisfaction or waiver of other customary conditions. Upon closing, the combined company is expected to feature a seven-person board of directors.
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RBA | Hot Stocks07:13 EDT Ritchie Bros. sells $71+M of equipment in Fort Worth, Texas auction - Last week in Texas, Ritchie Bros. sold close to 5,000 equipment items and trucks over three days for $71+M in gross transaction value, which is up 25% from the same auction last year. The unreserved online auction attracted more than 10,800 online bidders from 63 countries. "We continue to see strong demand for late-model, low-hour equipment and trucks," said Nicolas Agudelo, Regional Sales Manager, Ritchie Bros. "Even with tight supply, our Fort Worth event offered a diverse selection of equipment catering to buyers from a variety of industries. Assets were strategically located in several yards and sequenced over three auction days online." Approximately 88% of the equipment in the September 20 - 22 auction was sold to U.S. buyers, including 42% sold to Texans. Equipment highlights from Fort Worth included 340+ truck tractors, 115+ excavators, 115+ forklifts, 90+ bucket trucks, 80+ skid steers, as well as cranes, miscellaneous drilling equipment, and so much more.
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SBGSY | Hot Stocks07:12 EDT Schneider Electric delivers new data center cooling infrastructure for UCD - Schneider Electric has worked together with its Elite Partners, Total Power Solutions, to design and deliver a new, high efficiency cooling system to help reduce the PUE of University College Dublin's, UCD, main production data centre. UCD's data centre was originally designed to accommodate high performance computing, HPC, clusters and provides a platform for research at its university campus. As part of a new strategic development plan to free up space at its central Dublin location, the IT services department made the decision to revise and revitalise its data centre cooling architecture to make the facility more energy and space efficient, as well as more resilient and scalable. In response to a public tender, Total Power Solutions, experts in power and cooling infrastructure design and installation, worked with Schneider Electric to secure the contract with a bid to replace the existing data centre cooling system with a Uniflair InRow Direct Expansion solution.
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FINGF | Hot Stocks07:11 EDT Finning International CEO Scott Thomson to retire, Kevin Parkes to succeed - Finning International announced that Scott Thomson, President and CEO, will retire from the Company and the Board of Directors on November 15, 2022, after leading the company for the last nine years. Kevin Parkes, currently COO, will succeed Mr. Thomson as President and CEO and will join the Board on November 16, 2022.
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LMGDF | Hot Stocks07:10 EDT Lumina Gold announces results from ongoing study at its Cangrejos Project - Lumina Gold announces the remaining results from the 2021-2022 drilling campaign in support of the ongoing Prefeasibility Study at its Cangrejos Project in Ecuador. Marshall Koval, President and CEO commented: "Receiving the final assays from Lumina's 36,000 metre PFS drill campaign allows resource estimation work to commence, which is a critical path item for completion of the PFS. The drill results continue to demonstrate the exceptional continuity of grade at Cangrejos and Gran Bestia and are in line with expectations from previous drilling. The newly drilled step-out areas are expected to add to existing Inferred and Indicated resources and the inclusion of the northwest ridge extension at Gran Bestia may lower the stripping ratio at the mine planning stage of the PFS study."
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EGLX | Hot Stocks07:09 EDT Enthusiast Gaming to host Pocket Gamer Connects event in Helsinki - Enthusiast Gaming announced it will host its next live event under its Pocket Gamer Connects brand in Helsinki, Finland from September 27-28. PGC Helsinki 2022 attendees can learn and meet with over 600 companies in attendance from across the gaming industry including indie developers, publishers, media, and investors. More than 120 industry speakers across 17 themed tracks will share insight and knowledge on topics including User Acquisition, Mastering Multiplayer, The Art of Publishing, Ad Insights, Finest Finland, CFO Insider, and NFT Know-How. Sponsors of the event include Meta, Agora, Appsflyer, Huawei, Xsolla, AppLovin, and more. Companies represented by featured speakers and panelists include Meta, Electronic Arts, Humble Bundle, Miniclip, Unity, Kwalee, King, AppLovin, Square Enix and Tencent. Running in parallel to PGC Helsinki will be the next installment of Blockchain Games Next Summit, a series of speaker panels and content focusing on the next wave of Web3.0 games technology including blockchain games, NFTs, and the Metaverse.
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BABYF | Hot Stocks07:08 EDT Metro Ontario to stock Else Nutrition's full product range - ELSE NUTRITION HOLDINGS announces that it will be rolling out all Canadian SKUs through a partnership with Metro Ontario Inc at Metro locations. Else's Plant-Based Nutrition products for Babies, Toddlers, and Kids will be available on the shelf for purchase in late October at Metro stores across Ontario. With 130 locations in Ontario, the partnership provides Else Nutrition with critical access to health-minded parents seeking plant-based and non-GMO nutritional alternatives for their children.
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TPRFF ALLXF | Hot Stocks07:08 EDT GCM Mining, Aris Gold to complete business combination - GCM Mining (TPRFF) and Aris Gold Corporation (ALLXF) have completed the business combination previously announced on July 25, 2022. The combined entity has been renamed Aris Mining Corporation and operates several high-grade underground mines at its Segovia Operations and the Marmato Mine, which together produced 230,000 ounces of gold in 2021. Neil Woodyer, CEO of Aris Mining, stated: "Over the past 18 months, our team has completed three transactions that have resulted in the creation of Aris Mining. We have an attractive mix of production, cash flow and near-term growth projects, all of which are supported by sizable mineral reserves or resources and strong financial, technical, and operating teams. Within Colombia, we are integrating the teams at Segovia and Marmato. The Segovia Operations incorporates an industry-leading artisanal small miner program that has enhanced relations with the local community and improved the environment by eliminating the use of mercury and the discharge of tailings into waterways, and we look forward to expanding these opportunities for both the Marmato and Soto Norte communities. We will continue to strengthen stakeholder engagement to deliver mining projects which promote local development and are aligned to best environmental practices."
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PSEC | Hot Stocks07:07 EDT Prospect Capital announces results of cash tender offer for Senior Notes - Prospect Capital announced the results of its previously announced cash tender offer to purchase any and all of the outstanding notes listed below. The Tender Offer was made pursuant to an Offer to Purchase dated September 19, 2022, which set forth the terms and conditions of the Tender Offer. As of the previously announced expiration time of 5:00 p.m., New York City time, on September 23, 2022, according to information provided by D.F. King & Co., Inc., the information and tender agent for the Tender Offer, a total of $347,000 aggregate principal amount of Notes had been validly tendered and not validly withdrawn in the Tender Offer. Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on September 23, 2022. The consideration to be paid for the Eligible Notes is $980.00 for each $1,000 principal amount of Eligible Notes, plus accrued and unpaid interest on the Eligible Notes, if any, from the applicable last interest payment date up to, but not including, the settlement date, which date is expected to be September 28, 2022.
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DAN | Hot Stocks07:07 EDT Dana earns a 2022 Automotive News PACE Award - Dana Incorporated has earned a 2022 Automotive News PACE Award for its for Spicer Electrified Complete Battery Electric e-Propulsion and e-Power System. "We are honored to once again be recognized by the Automotive News PACE judges for our commitment to delivering innovation that has a direct and substantial impact for our customers as they deliver the next generation of electric vehicles," said Christophe Dominiak, senior vice president and chief technology officer for Dana. "Dana's ability to integrate and upfit our complete package of e-Propulsion and e-Power systems enables our customers to meet the rapidly approaching regulatory requirements and respond to the increase in demand for sustainable clean-energy solutions."
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COTY | Hot Stocks07:06 EDT Coty expands partnership with Cruelty Free International - Coty, one of the world's largest beauty companies with an iconic portfolio of brands, extends its strategic partnership with Cruelty Free International, the leading global organisation working to end animal testing. Coty powerhouse brands Rimmel, Manhattan, and Risque are now approved under the Cruelty Free International Leaping Bunny Programme, joining Coty brand, COVERGIRL, which was approved in 2018. Coty Chief Brands Officer, Consumer Beauty Stefano Curti, comments, "At Coty, we are committed to ending animal testing in the beauty industry. We know consumers expect and search for brands which share their values; they want accessible, kind and cruelty free beauty that works. Rimmel, Manhattan, and Risque have long stood for a better and more kind beauty for all, and for them to have been awarded Leaping Bunny approval is a landmark achievement. Alongside COVERGIRL, Coty is proud to now have four brands approved under the Leaping Bunny Programme."
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MREO | Hot Stocks07:06 EDT Mereo BioPharma says offered to settle proxy contest with Rubric Capital - Mereo BioPharma Group offered to resolve matters with Rubric Capital Management by putting a Rubric principal and another new director on its Board immediately. Mereo's proposal included having two existing Mereo directors retire. Rubric has rejected the proposal and refused to negotiate toward reaching a resolution, seeking instead to pursue a proxy campaign that will be expensive for Mereo and its shareholders. The Board commented: "We are disappointed that Rubric has rejected this reasonable proposal and has insisted instead that Mereo provide Rubric with four Board seats. The Company would prefer to avoid the distraction and expense of a proxy contest and is surprised that Rubric is refusing to discuss any resolution other than one that involves Mereo acceding to Rubric's full demands. We have proactively engaged in ongoing dialogue with Rubric toward a resolution, which we believe is in the best interests of all our shareholders, and we remain open to a reasonable compromise." In addition, Mereo today notified Rubric that its notice of September 14, 2022, purporting to call for a General Meeting of Shareholders of Mereo under Section 303 of the Companies Act 2006, is legally invalid. Despite proactive efforts by Mereo to help Rubric comply with English corporate law, Rubric's requisition notice was not delivered by a registered shareholder and continues therefore to fail to satisfy this basic legal requirement.
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ANEB | Hot Stocks07:05 EDT Anebulo announces data from ANEB-001 study as a treatment for ACI - Anebulo Pharmaceuticals announced positive interim data from the first two cohorts of Part B of its ongoing Phase 2 clinical trial evaluating ANEB-001 as a treatment for ACI. These new Part B data showed that 10mg of ANEB-001 reversed key symptoms of ACI, comparing favorably to our Part A data showing similar effects with 50mg and 100mg. The 10mg data is even more impressive considering we doubled the THC challenge to 21mg in that cohort," said Simon Allen, Chief Executive Officer of Anebulo. "Using lower doses of ANEB-001 to reduce ACI symptoms should allow us to optimize tolerability, while providing an even more favorable cost of goods if ANEB-001 is approved. We are currently exploring the effects of delayed dosing to better understand real-world conditions. In this circumstance, we challenge subjects with THC one hour before administering ANEB-001. With no FDA approved therapeutic, ACI often requires lengthy emergency department stays with expensive follow-on interventions for neuropsychiatric complications such as anxiety and acute psychosis. We believe ANEB-001 will play a critical role in reducing the burden of ACI for the patient and the healthcare system."
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CNC | Hot Stocks07:05 EDT Centene subsidiary to continue serving Nebraska's Medicaid managed members - Centene announced that its Nebraska subsidiary, Nebraska Total Care, has been awarded the Nebraska Department of Health and Human Services, DHHS, statewide Medicaid managed care contract. Under the new contract, Nebraska Total Care will continue serving the state's Medicaid Managed Care Program, known as Heritage Health. The new contract term is five years and includes the option for two, one-year renewals. "We are pleased to continue our partnership with the state to help build a healthier Nebraska," said Brent Layton, Centene's President and Chief Operating Officer. "Together with our network of local providers and community partners, we look forward to delivering innovative solutions to help improve health outcomes for our members at lower costs to the state."
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KXIN | Hot Stocks07:04 EDT Kaixin Auto enters binding acquisition term sheet with Morning Star - Kaixin Auto announces that it has signed a binding acquisition term sheet with Wuxi Morning Star Technology Co., who manufactures and operates the POCCO EVs. According to the term sheet, Kaixin intends to acquire 100% equity of Morning Star through new share issuance and makes it a wholly owned subsidiary. Morning Star acquired 100% equity of Henan Yujie Time Limited earlier this year, and is actively promoting the strategic re-positioning and re-branding of the company from "a leading mini multi-purpose electric passenger vehicle producer" to "a pioneer in smart mini new energy vehicles." The POCCO EV business under Morning Star produces the MeiMei and DuoDuo brands of mini electric passenger vehicles. The total sales volume has exceeded 40,000 units since its start of operations in June 2021, which makes POCCO EV among the top 6 producers of mini electric vehicles in China. Morning Star possesses core technologies in electric vehicles manufacturing and owns 100 patents, including the battery, motor and control systems, intelligent interconnection and autonomous driving, battery integration and quick change, battery range extension, and fuel cells. The core management team of Morning Star collectively have more than 20 years of experience in automobile and new energy vehicle business management. Kaixin and Morning Star have reached consensus to advance the M&A transaction in a fast track. They expect to sign the definitive acquisition SPA by end of October and have the acquisition transaction completed by end of the year.
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MLCO... | Hot Stocks07:04 EDT Melco Resorts & Entertainment jumps 12% on Macau reopening to China groups - Shares of Melco Resorts & Entertainment (MLCO) are up 11.7% at $5.92 in pre-market trading following this morning's Reuters report that Macau's government has indicated this weekend that tour groups from mainland China could resume as early as November. Las Vegas Sands (LVS) is also up 6.8% and Wynn Resorts (WYNN) is up 5.5% on the news.
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JBI | Hot Stocks07:03 EDT Janus International Group appoints Elliot Kahler as general counsel - Janus International Group announced the appointment of Elliot Kahler to general counsel. Kahler joined Janus as Corporate Counsel in 2018 and was integral in establishing the company's in-house legal department. In his new role as general counsel, Elliot will continue to lead and manage Janus's in-house legal team and oversee all matters relating to corporate governance and other relevant federal and state securities laws, regulations, and rules. He will continue reporting to Ramey Jackson, CEO of Janus.
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TECH | Hot Stocks07:03 EDT Bio-Techne files patent infringement lawsuit against Molecular Instruments - Bio-Techne announced that it has taken legal action in the United Kingdom to halt the infringement of its patented RNAscope ISH technology by Molecular Instruments. Advanced Cell Diagnostics, a Bio-Techne brand, owns patents covering various features of its RNAscope technology. In its lawsuit filed in the UK Patents Court, Bio-Techne alleges that Molecular Instruments' HCR 3.0 technology infringes Bio-Techne's European Patents 2,500,439 and 1,910,572. The lawsuit seeks damages and injunctive relief requiring Molecular Instruments to stop infringing Bio-Techne's patents in the United Kingdom. "Bio-Techne has made substantial investments in the development and application of its RNAscope technology to advance research discovery and accelerate diagnostic and therapeutic product development," said Chuck Kummeth, President and Chief Executive Officer of Bio-Techne. "Our intellectual property portfolio is foundational to our innovation in the spatial biology detection space, and we are committed to protecting these investments and defending our intellectual property rights."
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DNAY | Hot Stocks07:03 EDT Codex DNA to showcase BioXp 9600 system at World of Technology & Science - Codex DNA will showcase its recently released BioXp 9600 system at the World of Technology & Science conference which begins tomorrow in Utrecht, Netherlands. The BioXp 9600 system will be showcased at the Codex DNA booth in Hall 7 number A091. The BioXp 9600 system, a next-generation high throughput platform that builds biology overnight and at the push of a button empowering scientists to accelerate discovery of new vaccines and biologics, is the third release on the powerful and versatile BioXp platform.
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AVIR | Hot Stocks07:02 EDT Atea Pharmaceuticals announces Fast Track Designation for AT-752 - Atea Pharmaceuticals announced that the U.S. Food and Drug Administration has granted Fast Track Designation to AT-752, a novel, orally administered, direct-acting antiviral for the treatment of dengue virus infection. AT-752, a novel, orally administered direct-acting antiviral derived from Atea's purine nucleotide prodrug platform was designed for the treatment and prophylaxis of dengue. It works by impairing the dengue viral polymerase, which then inhibits replication of the virus. AT-752 is in Phase 2 clinical development and was generally well tolerated in a Phase 1 clinical study. In preclinical studies, AT-752 showed potent in vitro activity against all dengue serotypes, as well as potent in vivo antiviral activity in a small animal model.
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PLTR | Hot Stocks07:00 EDT Palantir awarded $95.9M contract to support Homeland Security Investigations - Palantir Technologies announced that the Department of Homeland Security renewed its contract to support Homeland Security Investigations with Investigative Case Management software. The contract is worth $95.9M over a five-year period.
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BDX | Hot Stocks06:59 EDT Becton Dickinson, CerTest announce U.S. commercial launch of monkeypox assay - Becton Dickinson and CerTest Biotec announced their newly developed molecular polymerase chain reaction, or PCR, assay for monkeypox virus is now commercially available globally, including in the United States, for research use only applications by laboratories.
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ACM | Hot Stocks06:58 EDT Aecom appoints Dawn MacDonald as global offshore wind sector lead - AECOM announced it has appointed Dawn MacDonald as its Global Offshore Wind Market Sector Lead. In this role, Ms. MacDonald will work across the globe to advance an integrated offshore wind offering that leverages AECOM's leading environmental and port infrastructure expertise to new and existing clients.MacDonald brings a portfolio of offshore wind experience, having overseen development, construction, and operations projects as part of the Maple Power joint venture in Europe.
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EXK | Hot Stocks06:54 EDT Endeavour Silver reports drill results from program at Guanacevi Mine - Endeavour Silver reports drill results from its ongoing drill program at the Guanacevi Mine in Durango state, Mexico. Drilling continues along the prolific Santa Cruz vein in two areas, with the objective to convert, expand, and discover new resources. The 2022 drill program has continued to focus on the El Curso property, establishing lateral and vertical extents of the mineralized zone between the Porvenir Cuatro and Milache mines. The exploration and exploitation rights to the El Curso property were obtained in 2019 from Ocampo Mining S.A. de CV., and have become an integral contributor to the operation. Recently, under the same agreement terms, the Company has tested the northwest extension of the Porvenir Dos orebody with encouraging results from initial drilling. Highlights from Recent El Curso Drill Results: 3.50 gpt Au and 1,150 gpt Ag for 1,430 gpt AgEq over a 1.16 m ETW, including 12.80 gpt Au and 4,240 gpt Ag for 5,264 gpt AgEq over 0.24 m; 3.54 gpt Au and 1,129 gpt Ag for 1,412 gpt AgEq over a 7.28 m ETW, including 25.40 gpt Au and 7,080 gpt Ag for 9,112 gpt AgEq over 0.43 m. Highlights from Recent Porvenir Dos Drill Results: 1.43 gpt Au and 967 gpt Ag for 1,081 gpt AgEq over a 2.43 m ETW, including 3.64 gpt Au and 5,120 gpt Ag for 5,411 gpt AgEq over 0.23; 1.60 gpt Au and 1,460 gpt Ag for 1,589 gpt AgEq over a 1.17 m ETW, including 2.91 gpt Au and 3,340 gpt Ag for 3,573 gpt AgEq over 0.25 m. "We are encouraged by the drill results at Guanacevi, as we continue to delineate high grades in areas which are proximal to the mill and historic working areas. The results announced today demonstrate both growth and steady improvement of the deposit and mine plan," stated Dan Dickson, CEO. "Our focus remains on delineating mineralized extensions to mining horizons and resource growth."
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WNC | Hot Stocks06:52 EDT Wabash announces amendment to asset-backed lending facility - Wabash announced an amendment to its asset-backed lending facility, increasing the total credit facility to $350M and creating additional liquidity of up to $125M. The increased liquidity is anticipated to be used to accelerate the availability of Wabash's Trailers as a Service offering. Upon closing of this amended credit agreement and based on current eligible assets, liquidity increased approximately $100M. The agreement extends the scheduled maturity to September 23, 2027, and includes options to increase facility size up to $525M, subject to certain terms and conditions including approval from lenders.
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SPIR | Hot Stocks06:48 EDT Spire Global awarded $4M NOAA contract to deliver HyMS payload - Spire Global announced that it has been awarded a Broad Agency Announcement issued by the National Environmental Satellite, Data, and Information Service of the National Oceanographic and Oceanic Administration to leverage the technology of hyperspectral microwave sensing. The two-year program, focused on enhancing the value and accuracy of NOAA's Numerical Weather Predictions, will fund Spire's development of a HyMS in-orbit demonstration sensor on a 16U satellite. The original objective of NOAA's BAA was to develop a HyMS prototype in an airborne or balloon-based platform. Because of Spire's ability to provide high-quality commercial data for NOAA's weather forecast models and the company's existing work with RAL Space and the U.K. Government to develop Hyperspectral Microwave Sensors, NOAA will be able to harness Spire's expertise and innovative solutions from the ultimate vantage point, space. The HyMS instrument is a new, advanced millimeter wave technology that delivers microwave sounding information to measure atmospheric moisture.
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PFE BNTX | Hot Stocks06:47 EDT Pfizer, BioNTech submit EUA application for bivalent vaccine booster in children - Pfizer Inc. (PFE) and BioNTech SE (BNTX) announced they have completed a submission to the U.S. Food and Drug Administration requesting Emergency Use Authorization of a 10-microgram booster dose of the companies' Omicron BA.4/BA.5-adapted bivalent COVID-19 vaccine for children ages 5 through 11 years of age. The request for Emergency Use Authorization of the Omicron BA.4/BA.5-adapted bivalent vaccine in this age group is supported by safety and immunogenicity data from the companies' bivalent Omicron BA.1-adapted vaccine, non-clinical and manufacturing data from the companies' 10-microgram bivalent Omicron BA.4/BA.5-adapted vaccine, and pre-clinical data from the companies' Omicron BA.4/BA.5-adapted vaccine in their decision. An application to extend the Omicron BA.4/BA.5-adapted bivalent vaccine marketing authorization to include children ages 5 through 11 years will be submitted to the European Medicines Agency in the coming days. The companies have also initiated a Phase 1/2/3 study NCT05543616 to evaluate the safety, tolerability, and immunogenicity of different doses and dosing regimens of the companies' Omicron BA.4/BA.5-adapted bivalent COVID-19 vaccine in children 6 months through 11 years of age. This pediatric study is consistent with regulatory guidance and follows a previous Phase 1/2/3 trial involving these age groups that demonstrated the original Pfizer-BioNTech COVID-19 Vaccine is well-tolerated and offers a high level of protection against COVID-19, measured at a time when the Omicron BA.2 strain was highly prevalent. The Pfizer-BioNTech COVID-19 Vaccine, which is based on BioNTech's proprietary mRNA technology, was developed by both BioNTech and Pfizer. BioNTech is the Marketing Authorization Holder for BNT162b2 in the United States, the European Union, the United Kingdom, Canada and other countries, and the holder of emergency use authorizations or equivalents in the United States and other countries. Submissions to pursue regulatory approvals in those countries where emergency use authorizations or equivalent were initially granted are planned.
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AMED | Hot Stocks06:39 EDT Amedisys reports Kemmerly resigned as Chief Legal and Government Affairs Officer - In a regulatory filing, Amedisys disclosed that on September 23, David Kemmerly resigned as Chief Legal and Government Affairs Officer of the company, effective immediately. "Kemmerly's resignation will constitute a resignation with good reason under the Amedisys Holding, L.L.C. Amended and Restated Severance Plan for Executive Officers. In connection with Mr. Kemmerly's resignation, the Compensation Committee of the Board of Directors of the Company approved a mutual separation agreement and general release between the company and Mr. Kemmerly, which contemplates Mr. Kemmerly's transition into a consulting role from September 24, 2022 through September 23, 2024," the filing stated.
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LRTNF | Hot Stocks06:37 EDT Pure Gold Mining files independent technical report for PureGold Mine - Pure Gold Mining announced that following the release of an updated Mineral Resource Estimate on August 10th 2022, the Company has filed a National Instrument 43-101 Technical Report entitled "Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada", prepared by SRK Consulting, dated September 23rd, 2022, with an effective date of December 31st, 2021. 2022 Mineral Resource Estimate Highlights: The PureGold Mine MRE includes: 1.65 million ounces of gold at 7.4 grams per tonne within 6.9 million tonnes in the Indicated Mineral Resource category, and 0.37 million ounces of gold at 6.3 g/t within 1.8 million tonnes in the Inferred Mineral Resource category. The updated MRE will form the basis of a new Pre-Feasibility Study and updated Life of Mine plan, which is being led by SRK and expected to be released in the fourth quarter of 2022. This updated PFS will incorporate several ongoing trade-off studies and will identify the best value-maximizing operational path forward for the Company.
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RHHBY GSK | Hot Stocks06:37 EDT Roche announces Julie Brown will step down from board - Roche announced that Julie Brown has notified the board that she will step down as a member of the Roche board of directors as she has accepted a management role at another pharmaceutical company. This change will be effective from today. Roche Chairman Christoph Franz: "As a Board member and Chairwoman of the Audit Committee, Julie Brown has contributed significantly to Roche's success. On behalf of the Board, I would like to express our sincere thanks for Julie's commitment and contributions to Roche and wish her all the best for the future." Separately, GSK plc announced that Julie Brown, currently Chief Operating and Financial Officer, Burberry Group plc, has agreed to join as its incoming CFO.
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MGLN | Hot Stocks06:35 EDT Magellan Healthcare to host webinar addressing depression - Magellan Healthcare announced resources addressing depression in adults and youth in support of National Depression and Mental Health Awareness and Screening Month in October. On Tuesday, October 25th from 2:00 pm-3:00 pm ET, join Magellan Healthcare for the webinar, "Depression is real. Recovery is possible," featuring a Magellan employee who has lived with depression since childhood and will share her inspirational story of recovery. Hear from our doctors who will share their knowledge and professional experience in addressing depression in adults and youth. Presenters will be Amanda Grace Krier, AAS, CPS, Magellan Healthcare youth support coordinator; Jamie Hanna, MD, Magellan Healthcare medical director; and Rakel Beall-Wilkins, MD, MPH, Magellan Healthcare medical director.
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GSK RHHBY | Hot Stocks06:35 EDT GSK reports Iain Mackay to retire as CFO, Julie Brown appointed successor - GSK plc announced that Iain Mackay, Chief Financial Officer, has decided to retire from GSK. The board has agreed that he will step down as CFO and as an Executive Director of the Board in May 2023. The board has selected Julie Brown, currently Chief Operating and Financial Officer, Burberry Group plc, as successor to Iain. "Julie is a highly respected CFO with extensive experience in the biopharma and medtech sectors, having previously worked at AstraZeneca plc and Smith & Nephew plc; and as a non-executive director and Audit Chair of Roche Holding AG," GSK stated. Julie will join GSK in April 2023 and will work with Iain to transition responsibilities, taking responsibility as CFO and as an Executive Director of GSK on May 1, 2023.
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PLNHF | Hot Stocks06:34 EDT Planet 13 Holdings receives approvals for Nevada cultivation expansion - Planet 13 Holdings announced the receipt of the necessary approvals to operate its 22,000 square foot Nevada cultivation expansion and the planting of the first harvest from new grow rooms ahead of the previously forecasted timeline of Q4 2022.
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BJ | Hot Stocks06:33 EDT BJ's Wholesale to open first Indiana location on Sept. 30 - BJ's Wholesale Club announced that its newest club in Noblesville, IN will open on Friday, September 30, 2022. The opening will bring the retailer's total number of U.S. locations to 231 and the first club location for BJ's in Indiana.
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DNN | Hot Stocks06:33 EDT Denison Mines completes commissioning of lixiviant injection system - Denison Mines announced the completion of commissioning of the lixiviant injection system for the Phoenix in-situ recovery, or ISR, Feasibility Field Test, or FFT, at the company's 95% owned Wheeler River project. The lixiviant injection system is the critical operating component necessary to support the leaching phase of the FFT.
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SCKT AAPL | Hot Stocks06:31 EDT Socket Mobile announces iOS 16 compatibility for line of barcode scanners - Socket Mobile (SCKT) announced that its CaptureSDK and entire line of barcode scanners and NFC reader/writers have been fully tested and have achieved full compatibility with Apple's (AAPL) iOS 16. In addition, Swift Package Manager support has also been added to Socket Mobile's CaptureSDK.
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MRRDF | Hot Stocks06:20 EDT Meridian Mining announces mineral resource estimate for Cabacal Deposit - Meridian Mining UK announced its maiden Mineral Resource estimate for the Cabacal copper-gold-silver VMS Deposit "Cabacal" in Mato Grosso, Brazil. The Mineral Resource estimate was provided by specialist group, H&S Consultants Pty and comprises Indicated Resources of 52.9 Mt @ 0.6g/t Au, 0.3% Cu & 1.4g/t Ag plus Inferred Resources of 10.3Mt @ 0.7g/t Au, 0.2% Cu and 1.1g/t Ag at a 0.3g/t AuEq cut-off grade. Significantly, the resource is near-surface, and extends over 1.9km with a prominent high-grade shallow gold zone in the Cabacal Northwest Extension. Ongoing drilling on the margins of the resource has intercepted strong zones of copper-gold mineralization; further drill results are pending. Meridian announces a new Mineral Resource Estimate for the Cabacal Cu-Au-Ag deposit.; Indicated resources of 52.9Mt @ 0.6g/t Au, 0.3% Cu and 1.4g/t Ag; 1.1M ounces gold, 168.0 Kt of copper and 2.4M ounces of silver; Inferred Resources of 10.3Mt @ 0.7g/t Au, 0.2% Cu & 1.1g/t Ag; 0.2M ounces gold, 24.5 Kt of copper and 0.4M ounces of silver; Cabacal's Au-Cu-Ag resource extends over 1.9km in length and remains open; Ongoing drilling has encountered multiple zones of Cu-Au-Ag mineralization; Extensions along strike to the northwest, down-dip and up-dip remain under evaluation; High grade Cabacal Northwest Extension to be initial focus for future mine schedule studies; Cabacal's metallurgical results used to estimate recovery for metals; Future results from Cabacal's "resource expansion drill program" to be included in a 2023 Mineral Resource update. Gilbert Clark Executive Chairman and Dr Adrian McArthur, CEO and President, jointly comment: "Today's Mineral Resource publication confirms Meridian's Cabacal copper-gold-silver project to be one of the most significant resources still held by a junior within a large tenement package covering the hosting VMS belt. Meridian's technical team has done a remarkable job in delivering this resource in only 18 months since the start of drilling. The metallurgical work completed by the Company demonstrates that the Indicated Resource category 1.1 million ounces of gold, 168 thousand tonnes of copper and 2.4 million ounces of silver are amenable to processing through conventional flotation and gravity processes. The resource is located at shallow depths and shows excellent potential for a long life stand-alone open-pit within the upside of the greater Cabacal VMS belt. Ongoing drilling has been very positive, and we look forward to Cabacal's future development and growth."
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AVLR | Hot Stocks06:14 EDT Avalara announces release of 18 newly certified integrations - Avalara announced the release of 18 newly certified integrations with accounting, ERP, ecommerce, point-of-sale, mobile commerce, and CRM software applications.
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DNUT | Hot Stocks06:11 EDT Krispy Kreme offers free coffee on National Coffee Day - Krispy Kreme once again will sweeten National Coffee Day with a free brewed coffee for all guests this Thursday, Sept. 29. Krispy Kreme Rewards members get an even sweeter deal - a free doughnut of choice to accompany their free coffee. The free offers are available for carry-out and via drive-thru at participating shops across the U.S., no purchase necessary.
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ALLR | Hot Stocks06:09 EDT Allarity appoints Jerry McLaughlin to board of directors - Allarity Therapeutics announced the appointment of Jerry McLaughlin as a new member of its Board of Directors, effective October 1, 2022. McLaughlin is expected to serve on the compensation, and audit committees as an independent director. He is currently serving as CEO and Board Member of Life Biosciences, LLC, a development-stage biopharmaceutical company advancing therapeutics for patients with neurological and psychiatric diseases.
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MVST | Hot Stocks06:08 EDT Microvast announces outcome of XFC project - Microvast Holdings announced the outcome of its extreme fast charge project, funded in part by the US Department of Energy's Office of Energy Efficiency & Renewable Energy - Vehicle Technologies Office. The stated goal of this XFC project was to deliver a lithium-ion automotive format pouch cell for electric vehicles capable of exceeding 500 cycles while charging in less than 10 minutes and (2) delivering at start of life greater than 180 Wh/kg of stored energy after 10-minute charge, greatly improving the accessibility and driving mobility for EVs. During this project, Microvast worked with Argonne National Laboratory to provide advanced cell system characterization and BMW provided OEM charging considerations and general feedback. Microvast delivered a 35 Ah, 240 Wh/kg pouch cell using layered metal oxide and graphite chemistry to the US DOE National Lab for independent testing. The XFC cells were tested using a 10-minute fast charge and 1C discharge at 30degreesC. Under these conditions, the XFC cells delivered over 1,700 cycles before reaching end of life, which exceeded the stated goal of the life cycle of the project's prototype cells by 3.4X.
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V | Hot Stocks06:06 EDT Visa announces Financial Soccer video game - Visa, the Official Payment Technology Partner of FIFA, invites soccer fans to sharpen their financial skills on the virtual pitch with the new version of the educational video game, Financial Soccer. Gamers can suit up as the country of their choice and take their best shot for the coveted trophy by correctly answering questions designed to help players make smart, well informed money management decisions.
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EVTL | Hot Stocks06:05 EDT Vertical Aerospace announces take off of the VX4 eVTOL - Vertical Aerospace saw its VX4 eVTOL aircraft take off from the ground for the very first time over the weekend. The company said, "The moment marked a significant milestone as Vertical continues to progress successfully through its intensive flight test programme. The programme is expected to continue for several months, completing different stages which will involve reaching higher altitudes and speeds and demonstrating the transition from vertical to horizontal forward flight. Engineers and flight technicians watched on as Chief Test Pilot, Justin Paines, took to the controls for the aircraft's maiden take-off which saw the eight sets of aerodynamic propellers lift the aircraft from the ground at hover-thrust, while tethered to the ground for safety...The permit and the positive results of these early tests allow the teams at Vertical to progress confidently on their mission to certify the VX4 by 2025. It is hoped the aircraft will carry a pilot and four passengers and is expected to have a range of up to 100 miles with the ability to cruise at speeds of around 150 miles per hour, with a top speed of 200 miles per hour." The company has already received more than 1,400 conditional pre-orders from some of the world's leading airlines, operators, lessors and tourist groups including Virgin Atlantic, American Airlines, Japan Airlines and Air Asia and recently announced that American Airlines has conditionally committed to make a pre-payment for its first 50 deliveries of the VX4.
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PCTI | Hot Stocks06:02 EDT PCTEL announces MultiFin 7-in-1 configurable antenna - PCTEL announced its new MultiFin configurable antenna for public safety, fleet management and intelligent transportation applications. The MultiFin 7-in-1 antenna offers a robust RF performance in a discreet, rugged low-profile shark fin design. Configurable and optimized for multiband applications, this antenna allows for easy integration with customers' existing antenna systems.
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CVX | Hot Stocks05:24 EDT Chevron, Mitsui Oil Exploration announce joint collaboration agreement in Japan - Chevron and Mitsui Oil Exploration announced the signing of a joint collaboration agreement to explore the technical and commercial feasibility of advanced geothermal power generation in Japan. Building on Chevron and Moeco's long-standing relationship, the new collaboration will study geothermal resource potential across Japan and will evaluate the effectiveness of Advanced Closed Loop, or ACL, technology for a future joint pilot project in Japan. Both companies may also assess potential collaboration for advanced geothermal technology opportunities using ACL globally. ACL can potentially enable access to geothermal resources at a wider range of temperatures and geologies through the application of alternative technology above and below the surface.
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PCOR | Hot Stocks05:22 EDT Procore opens first MENA office in Dubai - Procore announced the opening of its first Middle East and North Africa, or MENA, office, located in Dubai's Internet City, following a successful launch in the region last year. This new office reflects Procore's long-term investment and commitment to the MENA region.
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AMZN | Hot Stocks05:20 EDT Amazon unveils Prime Early Access Sale exclusive to Prime members - Amazon unveiled Prime Early Access Sale, a new two-day global shopping event exclusive to Prime members. The event begins October 11 at 12 a.m. PDT and runs through October 12 in 15 countries: Austria, Canada, China, France, Germany, Italy, Luxembourg, the Netherlands, Poland, Portugal, Spain, Sweden, Turkey, the UK, and the U.S. Prime Early Access Sale gives members a chance to kick off the holiday shopping season early with hundreds of thousands of deals. As part of the new deals event, Amazon is introducing a Top 100 list of some of the season's most popular and giftable items. New deals from the list will drop throughout the event, offering savings across all top categories, including electronics, fashion, home, kitchen, pets, toys, and Amazon devices.
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EL | Hot Stocks05:17 EDT Estee Lauder, Balmain enter license agreement to develop Balmain Beauty - Estee Lauder and Balmain have entered into a license agreement to collaboratively develop, produce, and distribute a line of beauty products geared towards luxury consumers around the world: Balmain Beauty. The collaboration is expected to launch in fall 2024, with the goal to transform the luxury and couture beauty world through design, craftsmanship, and a commitment to innovation.
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EGY | Hot Stocks05:14 EDT Vaalco Energy receives approval for Venus - Block P POD - Vaalco Energy announced that the Government of Equatorial Guinea has approved the Venus - Block P Plan of Development, or POD. Vaalco Energy has an 80% participation interest in the project and is the operator. Upon the execution of final documents, Vaalco Energy will proceed directly to project execution which targets first oil in 2026 and adds 23.1M barrels of oil of 2P CPR gross reserves, and 18.5 MMBO of 2P CPR Working Interest reserves. On July 15, Vaalco, on behalf of itself and Guinea Ecuatorial de Petroleos, submitted to the EG MMH a plan of development for the Venus development in Block P. The other Block P joint venture owner, Atlas Petroleum International, opted not to participate in the POD. On September 16, the Equatorial Guinea Minister approved Vaalco POD. As a result, Vaalco will hold an 80% working interest in the Venus development in Block P and GEPetrol will hold a 20% carried interest. The Block P PSC provides for a development and production period of 25 years from the date of approval of the POD.
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UL | Hot Stocks05:12 EDT Unilever says CEO Alan Jope to retire at end of 2023 - Unilever announced that CEO Alan Jope has informed the board of his intention to retire from the company at the end of 2023, after five years in the role. The board "will now proceed with a formal search for a successor and will consider both internal and external candidates," the company said in a statement. Unilever Chairman Nils Andersen added: "Unilever has seen improved performance, enabled by its clear strategic choices and a significant company transformation. The Board will now conduct an orderly succession process and support Alan and the management team in further driving the performance of Unilever."
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PSFE... | Hot Stocks05:11 EDT Paysafe announces entry into Kansas online sports-betting market - Paysafe (PSFE) announced its entry into the new Kansas online sports-betting market. The move sees Paysafe supporting multiple online sportsbooks in the state with players' credit and debit card deposits plus ACH payments, while its marketing technology and services provider Income Access is powering the affiliate marketing programs of several Kansas iGaming brands. With Kansas going live this month with online and retail sports-betting in time for the 2022 NFL season's kickoff, the market becomes the 23rd U.S. state or jurisdiction where Paysafe has a presence supporting operators with payments. In Kansas, Caesars (CZR), DraftKings (DKNG), and PointsBet (PBTHF), have all extended their longstanding payments partnerships with Paysafe.
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LI | Hot Stocks05:08 EDT Li Auto cuts Q3 delivery outlook to 25,500 units from 27,000-29,000 units - Li Auto provided an updated delivery outlook for the third quarter. The company now expects to deliver approximately 25,500 vehicles for the third quarter, revised from the previous vehicle delivery outlook of between 27,000 and 29,000 units. The revision is a direct consequence of the supply chain constraint, while the underlying demand for the company's vehicles remains robust. The company will continue to closely collaborate with its supply chain partners to resolve the bottleneck and accelerate production.
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IDEX | Hot Stocks05:06 EDT Ideanomics to establish in-house design capabilities - Ideanomics is establishing in-house design capabilities. Ideanomics Design will strengthen its balance sheet by embedding a more cost-effective, efficient, and standardized design process across the organization. Ideanomics Design is also introducing a modular design approach to increase efficiency and flexibility across different product categories. This will enable Ideanomics to deliver manufacturing that allows customers to track and customize their products while they are being built. While primarily focused on in-house work, Ideanomics Design will also generate revenue by providing consulting services to third parties.
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