Stockwinners Market Radar for October 11, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
NRIX | Hot Stocks20:15 EDT Cathie Wood's ARK Investment bought 172K shares of Nurix Therapeutics today
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CDNA | Hot Stocks20:14 EDT Cathie Wood's ARK Investment bought 149K shares of CareDx today
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RKLB | Hot Stocks20:14 EDT Cathie Wood's ARK Investment bought 135K shares of Rocket Lab today
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AZO | Hot Stocks19:56 EDT AutoZone CEO sells $33.0M in common stock - In a regulatory filing, AutoZone disclosed that its CEO William Rhodes sold 14.5K shares of common stock on October 11 in a total transaction size of $33.0M.
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TCN | Hot Stocks18:48 EDT Tricon Residential to sell 20% equity interest in Sun Belt apartment portfolio - Tricon Residential announced that it has entered into an agreement to sell its 20% equity interest in its portfolio of 23 Sun Belt apartment buildings. The interest is being acquired by a vertically integrated residential real estate investment and property management company, which will assume all asset and property management responsibilities after a customary transition period. The transaction remains subject to customary closing conditions and is expected to close on or around October 18. In aggregate, Tricon will receive approximately $315M of gross proceeds from the sale, including performance fees earned for managing the third-party joint venture through which the Portfolio is held. Tricon intends to use the net sale proceeds primarily to repay outstanding debt on its corporate credit facility, enhancing its balance sheet flexibility to pursue future growth in its core single-family rental business. "The sale of our U.S. multi-family business marks a significant step in our quest to simplify our business and focus our balance sheet exposure primarily on single-family rental, where we continue to see strong demand and growth opportunities," said Gary Berman, President & CEO of Tricon Residential. "Our investment in this portfolio has generated an attractive IRR of over 20% to Tricon since inception, inclusive of fees, and helps validate the difference between private and public market valuations in today's economic environment."
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TSCO | Hot Stocks18:36 EDT Tractor Supply sees Orscheln deal adding about $75M to revenue in Q4, FY22 - For the fourth quarter and fiscal 2022, the revenue from the acquisition is anticipated to add about $75 million to Tractor Supply's net sales. Given the transaction expenses and early implementation costs to be recorded in the fourth quarter of 2022, the impact of the acquisition is expected to be relatively neutral to operating income in the quarter and for the year. For fiscal 2023, the revenue from the acquisition is anticipated to add at least $300 million to Tractor Supply's net sales and be accretive by at least $0.10 to diluted earnings per share. This considers anticipated integration expenses that will partially offset accretion in year one of the acquisition. Over the course of the next 15 months post-closing, the stores retained by Tractor Supply will be remodeled to the Tractor Supply brand. The Company is raising its outlook for store growth opportunities to 2,800 locations, an increase of 100 stores. Post-closing, the Company estimates it will have annual revenues over $14 billion, more than 2,100 Tractor Supply stores and 50,000 Team Members.
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TSCO | Hot Stocks18:35 EDT Tractor Supply receives FTC approval to close Orscheln Farm and Home deal - Tractor Supply Company announced that it received clearance from the Federal Trade Commission to close on its previously announced acquisition of Orscheln Farm and Home. The closing of the acquisition is anticipated to be completed on October 12, 2022. The Company will acquire a net 81 stores and divest the remaining 85 stores to two buyers approved by the FTC. The net purchase price of the 81 stores acquired and retained is approximately $238M before working capital adjustments. The acquisition is anticipated to generate an estimated future tax benefit of approximately $20M. "Today is an important day for Tractor Supply as this acquisition expands our ability to better serve our customers in the Midwest. We are committed to providing customers in the region with an elevated product assortment, a meaningful loyalty offering, an enhanced digital shopping experience and so much more that Tractor Supply is able to offer," said Hal Lawton, Tractor Supply's President and Chief Executive Officer. "Importantly, Tractor Supply is on track to achieve several monumental milestones in the growth of our company including annual revenues in excess of $14 billion, a store base of over 2,100 Tractor Supply locations and a highly engaged workforce of 50,000 Team Members. We are excited to build on our track record of long-term growth as we look to unlock revenue and earnings opportunities with this attractive acquisition that enhances our growth profile." The deal is an all-cash transaction that Tractor Supply anticipates financing through its balance sheet. The Company will acquire 166 Orscheln Farm and Home stores for approximately $320 million, before working capital adjustments. As part of the remedy reached with the FTC, Tractor Supply will divest 85 locations to two buyers, Bomgaars Supply, Inc. (73 stores) and Buchheit Enterprises, Inc. (12 stores), shortly after closing the transaction. Proceeds of the store divestitures will be approximately $72 million. In addition, Tractor Supply has agreed to sell the Orscheln Farm and Home corporate headquarters and distribution center to Bomgaars for approximately $10 million within 15 months after the closing of the transaction. The store divestitures and sale of the corporate headquarters and distribution center bring the net purchase price of the 81 stores acquired to approximately $238 million, before working capital adjustments. The acquisition is anticipated to generate an estimated future tax benefit of approximately $20 million.
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CANG | Hot Stocks18:00 EDT Cango declares special cash dividend of 50c per share - Dividend to be paid on November 23, 2022 (Eastern Time) to shareholders of record as of the close of trading on October 24, 2022.
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META MSFT | Hot Stocks17:48 EDT Meta says Xbox Cloud Gaming coming to Meta Quest Store - Meta (META) said that Xbox Cloud Gaming (MSFT) is coming to the Meta Quest Store. "Xbox Cloud Gaming enables you to stream hundreds of high-quality games to a range of devices-and that will include Meta Quest 2 in the future," Meta said. "When Xbox Cloud Gaming launches on the Meta Quest Store, you'll be able to hook up an Xbox controller to your headset and play console games from the Xbox Game Pass Ultimate library on a massive 2D screen, like having a private movie theater available at all times. No date yet, but we hope to share more on this as soon as possible." Reference Link
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META MSFT | Hot Stocks17:47 EDT Meta acquires VR game developers Camouflaj, Twisted Pixel, Armature - Meta (META) announced a number of new games coming to its Quest 2 virtual reality headset, including "Marvel's Iron Man VR," "Among Us VR," "The Walking Dead: Saints & Sinners - Chapter 2: Retribution," as well as Xbox Cloud Gaming (MSFT) integration. Meta noted during its Connect event that "Iron Man VR" studio Camouflaj recently joined Oculus Studios, as did "Path of the Warrior" studio Twisted Pixel and "Resident Evil 4 VR" developer Armature Studio.
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VIVO | Hot Stocks17:35 EDT Meridian says CFIUS application accepted for review, working with DoJ on probe - Meridian Bioscience announced July 7 it's entered into a merger pact to be acquired by South Korean-based firms, SD Biosensor and SJL Partners, in a deal valued at $1.53B cash... In an 8K filing the company said: Upon the terms and subject to the conditions set forth in the Merger Agreement, Columbus Holding will acquire Meridian through a merger of Merger Sub with and into Meridian, with Meridian surviving as a wholly owned subsidiary of Columbus Holding . On October 10 Meridian held a special meeting of its shareholders. Meridian filed a definitive proxy statement relating to the Special Meeting with the U.S. Securities and Exchange Commission on September 8. Descriptions of each of the proposals voted upon at the Special Meeting are contained in the Proxy Statement. As of October 11 Meridian or the appropriate parties to the Merger Agreement have obtained approval or clearances, as applicable, for all relevant antitrust and foreign direct investment filings except for the filing related to the Committee on Foreign Investment in the United States. The CFIUS application was accepted for review, with October 6, constituting the first day of the initial review period. Meridian has not yet reached a resolution with the DOJ with respect to the DOJ Investigation; Meridian continues to actively work with the DOJ to find a resolution to the DOJ Investigation. Reference Link
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CPA | Hot Stocks17:34 EDT Copa Holdings reports September traffic up 3.5% vs. September 2019 - Copa Holdings released preliminary passenger traffic statistics for September. Given the irregular nature of the Company's operations starting in March 2020 due to the Covid-19 pandemic, we are comparing this traffic report to 2019 statistics. Consolidated capacity, or ASMs, came in 1.2% higher than September 2019, while passenger traffic, or RPMs, increased 3.5%. As a result, system load factor for the month was 86.9%, 2.0% higher than September 2019.
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AIR | Hot Stocks17:27 EDT AAR Corp. awarded $114.48M Navy contract modification - AAR Government Services was awarded an $114.48M modification to a previously awarded, firm-fixed-price, time-and-materials, indefinite-delivery/indefinite-quantity contract. This modification exercises an option to provide P-8A Poseidon aircraft depot scheduled and unscheduled maintenance, depot in-service repair/planner and estimator requirements, technical directive incorporation, airframe modifications, aircraft on ground support, and removal and replacement of engines in support of the Navy, the government of Australia, and Foreign Military Sales customers. Work will be performed in Indianapolis, Indiana, and is expected to be completed in October 2023. 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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MSM | Hot Stocks17:15 EDT MSC Industrial raises quarterly dividend by 5% to 79c per share - The dividend is payable on November 29, 2022 to shareholders of record at the close of business on November 15, 2022. The ex-dividend date is November 14, 2022.
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CCJ | Hot Stocks17:03 EDT Cameco sees Q3 uranium deliveries 5M-5.5M pounds - Cameco is providing preliminary operating results for its third quarter ended September 30, 2022. "On October 27, 2022, we plan to announce our 2022 third quarter results before markets open," the company said. "We expect to announce deliveries in the uranium segment for the quarter ended September 30, 2022, to be between 5 million and 5.5 million pounds, in line with the pattern of deliveries for the third quarter of 2022 disclosed in our annual MD&A. In our fuel services segment, we expect to announce deliveries for the same period of between 2.1 million and 2.4 million kilograms of uranium. Production in our uranium segment for the quarter ended September 30, 2022, is expected to be 2 million pounds (our share) from Cigar Lake. Production in our fuel services segment is expected to be 1.5 million kgU for the same period. The restart activities at McArthur River and Key Lake continue to progress with first production coming from the mill expected later in the fourth quarter of 2022. Our Inkai joint venture has continued to experience delays in shipping material via the Trans-Caspian route. Depending on when we receive the shipment of our share of Inkai's 2022 production, our 2022 share of earnings from this equity-accounted investee and the timing of the receipt of our share of dividends from the joint venture may be impacted. Interest by third parties in contracting with us for the supply of our uranium and fuel services remains strong. Utilities continue to be focused on ensuring they have the conversion and enrichment services they require secured under long-term contracts. As a result, we are seeing prices for conversion at historic highs and have been focused on agreeing to long-term supply terms with customers to meet their increased demand. Year-to-date, we have added to our long-term contract portfolio more than 50 million pounds in our uranium segment and more than 7 million kgU UF6 conversion in our fuel services segment."
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CCJ BEP | Hot Stocks17:02 EDT Cameco, Brookfield Renewable partner to acquire Westinghouse Electric - Cameco Corporation (CCJ) and Brookfield Renewable Partners (BEP), together with its institutional partners, are forming a strategic partnership to acquire Westinghouse Electric Company, one of the world's largest nuclear services businesses. Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%. The total enterprise value for Westinghouse is $7.875B. Westinghouse's existing debt structure will remain in place, leaving an estimated $4.5B equity cost to the consortium, subject to closing adjustments. This equity cost will be shared proportionately between Brookfield and its institutional partners and Cameco. Brookfield Renewable is pursuing this opportunity through the Brookfield Global Transition Fund I, which is the largest fund in the world focused on the energy transition. Brookfield Renewable, which has significant available liquidity, expects to invest approximately $750M to acquire an approximate 17% interest in Westinghouse, which will be funded through normal course funding initiatives, including asset level upfinancings and asset recycling. This transaction was unanimously approved by the independent directors of Brookfield Renewable based, in part, on the recommendation of a committee of independent directors who assessed the fairness of the transaction from a financial perspective. The independent committee received an opinion as to the financial fairness of the consideration from Greenhill & Co. Canada, Ltd., as independent financial advisor, as well as advice from independent legal counsel. Goldman Sachs & Co. LLP and CIBC Capital Markets are acting as financial advisors to Cameco on the transaction. The transaction is also subject to the required approval of BBU unitholders that are not affiliated with Brookfield Asset Management, as well as customary closing conditions and regulatory approvals. The consortium and BBU have entered into support agreements with BBU unitholders who collectively own approximately 37% of the votes eligible to be cast, to vote in favor of the transaction at the approval meeting. Closing is anticipated in the second half of 2023.
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DS | Hot Stocks17:02 EDT Drive Shack receives non-compliance letter from NYSE - Drive Shack announced that it received written notification from the NYSE on October 5, that it is not in compliance with the NYSE continued listing standard that requires a minimum average closing price of the Company's common stock of $1.00 per share over a consecutive 30 trading-day period. Receipt of the Notice by the Company is not a violation of the terms of, and does not constitute a default or event of default under, any of the Company's debt or lease agreements. The Notice also has no immediate impact on the listing of the Company's common stock, which will continue to be listed and traded on the NYSE during the applicable cure period under the symbol "DS," subject to the Company's compliance with other continued listing requirements set forth in the NYSE Listed Company Manual, but will have an added designation of ".BC" to indicate the status of the common stock as below compliance with the NYSE continued listing standards. The ".BC" indicator will be removed at such time as the Company is deemed compliant. Pursuant to NYSE rules, the Company can regain compliance with the minimum share price requirement if, during a six-month cure period following receipt of the Notice, on the last trading-day of any calendar month, the Company's common stock has a closing share price and a 30 trading-day average closing share price of at least $1.00. The Company will notify the NYSE on or before October 19 that it intends to cure the continued listing standard deficiency. About Drive Shack Inc.
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CBNK | Hot Stocks17:01 EDT Capital Bancorp names Steven Poynot as COO, effective immediately - Capital Bank has named Steven M. Poynot as Chief Operating Officer, effective immediately."We are thrilled to have Steve join our senior management team," said Ed Barry, the Bank's CEO. "His background and experience add to the depth and knowledge of our team and will serve our Bank well as we continue executing on our strategic plan. Steve brings a wealth of experience across sales, operations, technology and credit that he has used to help banks evolve and grow."Poynot, formerly Executive Vice President and Chief Operating Officer of F&M Trust, brings to his new position significant experience in regional banking. Prior to his position at F&M Trust, Poynot was with Howard Bank where he served as Executive Vice President and Chief Information Officer, Director of Corporate Communications and Corporate Strategy. Poynot also worked in both deposit and loan operations as well Chief Credit Officer during his 17 years with Howard Bank.
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BEN | Hot Stocks16:56 EDT Franklin Resources reports AUM of $1.30T as of September 30, 2022 - Franklin Resources "reported preliminary month-end assets under management of $1,297.4 billion at September 30, 2022, compared to $1,387.6 billion at August 31, 2022. This month's decrease in AUM reflected the impact of negative markets and long-term net outflows. Long-term net outflows include a $2.0 billion fixed income institutional redemption that had minimal impact on revenue. For the quarter ended September 30, 2022, AUM reflected the negative impact of markets and long-term net outflows of $20.4 billion inclusive of the above mentioned $2.0 billion fixed income institutional redemption."
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ZEV | Hot Stocks16:53 EDT Lightning eMotors produces 104 vehicles, powertrains during Q3 - Lightning eMotors announced that it produced 104 vehicles and powertrains during Q3, up from 74 during the second quarter. Going forward, Lightning plans to disclose unit production levels after the end of each quarter.
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EQT | Hot Stocks16:46 EDT EQT Corporation sees Q3 loss on derivatives $1.627B - According to a regulatory filing, EQT Corporation expects to report a total loss on derivatives for the three and nine months ended September 30, 2022 of $1,627 million and $5,550 million, respectively. In addition, for the three and nine months ended September 30, 2022, EQT expects to report $2,034 million and $4,673 million, respectively, of net cash settlements paid on derivatives. The dollar amounts included in this current report on Form 8-K are preliminary and subject to change. Final dollar amounts for the three and nine months ended September 30, 2022 will be reported in EQT's quarterly report on Form 10-Q for the quarterly period ended September 30, 2022.
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FPAY | Hot Stocks16:45 EDT FlexShopper announces exclusive marketing relationship with Liberty Tax - FlexShopper announced an exclusive long-term marketing relationship with Liberty Tax corporate and franchisee locations. This relationship will allow FlexShopper to offer its consumer loans in Liberty Tax locations across the United States, as well as via the Liberty Tax website and mobile applications. Liberty Tax has 2,700 locations in the United States and Canada. In addition, FlexShopper will market other financing alternatives, including lease to own and complementary financing products, in these same storefront and digital locations.
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HWM | Hot Stocks16:45 EDT Howmet Aerospace has taken $65M pre tax charge in Q3 - As most recently previously reported by Howmet Aerospace in its Quarterly Report on Form 10-Q filed with the SEC on August 4, 2022, on June 26, 2020 Lehman Brothers International filed proceedings in the High Court of Justice, Business and Property Courts of England and Wales against two subsidiaries of the company, FR Acquisitions Corporation Ltd and JFB Firth Rixson. As so previously reported, LBIE claims the amounts owing by the Firth Rixson Entities to be approximately $64,000,000, plus applicable interest. The Court issued its ruling in these proceedings on October 11, 2022. In its ruling, the Court determined that the event of default under two interest rate swap transactions that the Firth Rixson Entities entered into with LBIE in 2007 and 2008 caused by LBIE as a result of its insolvency in 2008 and other defaults will conclude upon LBIE's expected emergence from administration under the Insolvency Act of 1986. The Court ruled that upon such future event and other relevant steps being completed, the timing of which is unknown, the Firth Rixson Entities will be obligated to pay amounts due under the ISDAs. The company has reserved on its balance sheet $65,000,000, and taken a pre-tax charge of this amount to its Statement of Consolidated Operations, for the third quarter of 2022. The company vigorously disagrees with the ruling including as to any payment obligation and intends to apply to appeal the Judgment to the Court of Appeal and will request that payment of all amounts be stayed until the appeal is concluded. This application is expected to be addressed at a hearing before the Court by the end of this year, and any appeal proceedings would continue into 2023.
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RHP | Hot Stocks16:36 EDT Ryman Hospitality CEO Colin Reed to switch roles, Mark Fioravanti to succeed - Ryman Hospitality announced chairman and CEO Colin Reed will transition to executive chairman of the company after more than 21 years as CEO. The company's board of directors has appointed president Mark Fioravanti to succeed Reed as CEO, under the title president and CEO, effective January 1, 2023. Reed's role as executive chairman will include his responsibilities as executive chairman of the company's board of and as chairman of the Opry Entertainment Group board. Reed will also focus on working with OEG strategic investor Atairos and with NBCUniversal to unlock opportunities for value creation; advancing the Company's ESG and Diversity, Equity, and Inclusion goals; and community and government affairs. Reed will continue his role with artist and shareholder relations alongside Fioravanti. As the company's executive VP and CFO from 2011 to 2015, Fioravanti was instrumental in the 2012 REIT conversion.
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AWK | Hot Stocks16:33 EDT PA American Water signs deal to purchase Butler area wastewater system - Pennsylvania American Water, a subsidiary of American Water, announced that it has signed an agreement with the Butler Area Sewer Authority to purchase its wastewater system for $231.5 million. The system serves nearly 15,000 customers over 32.5 square miles, including the City of Butler; Butler and Center townships; East Butler Borough; and parts of Connoquenessing Borough, Summit and Oakland townships, and a small portion of Penn Township. Pennsylvania American Water is already the drinking water service provider to approximately 19,500 customers in the region, and its predecessor companies have served the Butler area since the late 1800s. "We are pleased that BASA and other community leaders recognized the value we provide to our water customers and are entrusting us with the future ownership of their wastewater system," said Pennsylvania American Water President Mike Doran. "This agreement was achieved through a collaborative process between all parties and tailored to meet the specific needs of residents, BASA employees, and infrastructure of the wastewater system. Pennsylvania American Water is well positioned to step in and assume responsibility for the community's wastewater needs by using the existing expertise of current employees, leveraged by the resources we can provide as the Commonwealth's largest water and wastewater utility. We are confident that this proposal offers the best long-term solution for BASA, its customers, the City of Butler and Butler Township." As part of the agreement, Pennsylvania American Water will offer employment to all of BASA's employees, maintain the existing BASA operations center for a minimum of 10 years, assume BASA's planned capital improvement projects utilizing qualified Butler area contractors, and adopt BASA's rates at closing with a minimum 1-year rate freeze. The company will also petition the Pennsylvania Public Utility Commission (PUC) for approval to initiate a pilot program allowing the company to replace broken customer sewer laterals.
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WWR | Hot Stocks16:33 EDT Westwater Resources names Cevat Er as Chief Technology Officer - Westwater Resources "announced senior management changes that are designed to position the Company for future growth and continued success. Effective October 1, 2022, Westwater promoted Cevat Er to the position of Chief Technology Officer. Mr. Er joined Westwater in 2015, and since then he has served as Vice President - Technical Services. Mr. Er will continue to manage the ongoing design and engineering of the Kellyton Graphite Plant, Phase I of which is currently under construction. Mr. Er received a Master of Science in Geochemistry from the University of Arizona and a Bachelor of Science in Geological Engineering from Middle East Technical University. Effective October 10, 2022, Westwater hired Frank Bakker as the new Vice President and General Manager - Alabama Graphite Products. Mr. Bakker will assume management responsibility for the construction, commissioning, and operation of the Kellyton Graphite Plant. He brings to Westwater extensive experience in engineering, project management, and plant operations for large scale facilities that produce a wide variety of industrial products. Mr. Bakker received a Master's Degree in Mechanical Engineering from the University of Twente Netherlands, and a Master of Business Administration from the University of Massachusetts. Effective October 10, 2022, Westwater hired Allison Trembly as the new Communications and Investor Relations Manager. Ms. Trembly will manage the Company's communications with the public and investors, and she will oversee the Company's website and social media presence. Ms. Trembly has worked for the City of Arvada, Colorado for the past 11 years, most recently as the Communication and Marketing Manager for the Community and Economic Development Department. Ms. Trembly received a Master's Degree in Communication Management from Colorado State University and a Bachelor of Arts Degree in American History from Fort Lewis College."
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IAC | Hot Stocks16:32 EDT IAC reports september total revenue through Sept down 2% - Angi results reflect the impact of Hurricane Ian towards the end of September, particularly at the Services business. We will provide further commentary on the results when we report Q3 earnings in November. Reference Link
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VCTR | Hot Stocks16:31 EDT Victory Capital reports AUM $147.3B as of September 30 - Victory Capital "reported assets under management of $147.3 billion as of September 30, 2022, and average assets under management for the third quarter period of $158.9 billion. The Company also reported long-term net flows in the third quarter improved to -$553 million, resulting in positive year-to-date long-term net flows of $1.860 billion."
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VIAO | Hot Stocks16:31 EDT VIA Optronics announces plans for shared service center - VIA optronics AG announced plans for a shared services center in the Philippines. The company plans to consolidate its administrative and global services into its subsidiary in the Philippines. The consolidation is expected to both drive synergies and lower cost, while allowing VIA's global sites to focus on business-critical functions like operations and customer support with the aim of accelerating revenue for the Company's products and solutions. Jurgen Eichner, CEO and founder of VIA optronics AG commented, "We are making great strides in our efforts to improve both efficiencies and our competitiveness at VIA's global sites as demand for our interactive display and sensor solutions portfolio and services continues to grow. This consolidation is a key step, using digitalization to consolidate our global reporting systems. It will be particularly effective in China, where we continue to see significant growth opportunities in the automotive, industrial and consumer end markets. The consolidation will free up resources to address these opportunities, enabling us to capitalize on this tremendous local growth potential."
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AHT | Hot Stocks16:27 EDT Ashford Hospitality sees Q3 occupancy 71% - Ashford Hospitality Trust reported that the Company expects to report occupancy of approximately 71% for the Q3 with an average daily rate, or ADR, of approximately $179 resulting in RevPAR of approximately $127. This RevPAR reflects an approximate increase of 29% compared to the third quarter of 2021 and a decrease of approximately 4% compared to the Q3 of 2019. Additionally, for the month of September 2022, RevPAR increased approximately 0.4% versus September 2019. For the month of August 2022, RevPAR decreased approximately 6% versus August 2019. For the month of July 2022, RevPAR decreased approximately 5% versus July 2019.
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BHR | Hot Stocks16:26 EDT Braemar Hotels & Resorts sees Q3 occupancy of 71%, RevPAR of $288 - Braemar Hotels & Resorts reported that the company expects to report occupancy of approximately 71% for the third quarter of 2022 with an average daily rate of approximately $403 resulting in RevPAR of approximately $288. This RevPAR reflects an approximate increase of 19% compared to the third quarter of 2021 and an approximate increase of 19% compared to the third quarter of 2019. Additionally, for the month of September 2022, RevPAR increased approximately 16% versus September 2019. For the month of August 2022, RevPAR increased approximately 12% versus August 2019. For the month of July 2022, RevPAR increased approximately 29% versus July 2019. The preliminary operating information discussed above assumes the 15 hotel properties owned and included in the Company's operations at September 30, 2022, were owned as of the beginning of 2019.
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AB | Hot Stocks16:21 EDT AllianceBernstein reports preliminary AUM $613B as of September 30 - Down from $667B at the end of August. Market depreciation coupled with net outflows across each channel resulted in an 8% AUM decrease. Net outflows from Retail included AXA redemptions of $2.2B, completing the expected $4B in AXA redemptions for 2022.
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APAM | Hot Stocks16:20 EDT Artisan Partners reports September AUM of $120.6B - Artisan Partners reported that its preliminary assets under management, or AUM, as of September 30 totaled $120.6B. Artisan Funds and Artisan Global Funds accounted for $57.8B of total firm AUM, while separate accounts and other AUM accounted for $62.8B.
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AMRN | Hot Stocks16:19 EDT Amarin issues statement in response to Sarissa Capital Management - Amarin issued the following statement in response to Sarissa Capital Management on behalf of the Amarin board of directors: "As a Board, we are unified and supportive of Amarin's new strategic direction, and the actions management has taken to position the Company for growth and value creation. The Board believes there is tremendous runway for growth as Amarin's strategic focus shifts toward expanding the business in Europe and other international markets, and recent actions to stabilize our U.S. business materialize. Amarin continues to progress on its comprehensive cost reduction program and other cash preservation initiatives. Over the past year, our Board, with the assistance of a renowned global search firm, has been executing a deliberate plan to refresh its composition and add directors with skills we believe are necessary to help guide the Company on its new strategic direction. In 2022 alone, this process resulted in the appointment of three independent directors. Our new directors add extensive global biotech, international pharmaceutical experience, as well as specific healthcare investment experience and expertise. We have also made significant changes to our Board leadership, including appointing a new Board Chair, naming new Chairs of the Audit and Remuneration Committees, and the retirement of two long-tenured directors. The Amarin Board of Directors is committed to best-in-class corporate governance. To this end, identifying and recommending new members for Amarin's Board is a process we take seriously. Consistent with our ongoing Board refreshment process and our good-faith engagement with Sarissa, the Board has a defined and tailored list of skillsets that we believe are necessary to help guide the Company forward, and we rigorously evaluate any potential candidates' commitment and contributions they might bring to the Board and the Company. With this in mind, we have interviewed several highly qualified candidates and the Board is in final stages to appoint new independent directors. Throughout the Board's consideration of these candidates, including Sarissa's proposed nominees, we have kept Sarissa apprised of the Board's refreshment process. This process remains ongoing. We remain committed to engaging in constructive dialogue with Amarin shareholders, including Sarissa, and will continue to be guided by our commitment to act in the best interests of all shareholders."
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ETWO | Hot Stocks16:18 EDT E2open sees Q3 subscription revenue $131M-$134M
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BSET | Hot Stocks16:17 EDT Bassett Furniture rejects two CSC Generation acquisition proposals - Bassett Furniture commented that its board of directors, in consultation with its independent financial and legal advisors, previously found that two unsolicited, preliminary non-binding proposals from CSC Generation Holdings to acquire Bassett undervalued the company and, as a result, rejected both proposals. The most recent proposal, which CSC has made public, was for $21.00 per share in cash. Robert Spilman, chairman and CEO, said, "CSC's effort to make the proposal public does not change the fact that it undervalues the company. The Board, with the assistance of independent legal and financial advisors, carefully considered both offers as well as the comments related to CSC's digital first strategy and determined that the proposals substantially undervalue the company, are highly opportunistic given recent turmoil in the stock markets and not in the best interests of the company and its numerous stakeholders." Added Spilman, "CSC acquired a large number of shares in the company earlier this year, of which the majority were sold shortly thereafter, and Bassett has proactively engaged with CSC consistently since the company became aware of CSC's investment. During those discussions, it was of particular interest to us that CSC founder, Justin Yoshimura, first broached the idea of a commercial partnership with the company and admitted that the category of retail which Bassett operates in was particularly difficult for them and their experience with Sur La Table is not entirely transferable to furniture. This lack of understanding of our business, the necessity of our omnichannel strategy and the multitude of highly collaborative relationships and partnerships that Bassett has successfully cultivated over 120 years reinforced our concerns about CSC's approach."
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SYF | Hot Stocks16:16 EDT Synchrony promotes three members to executive leadership team - Synchrony announced the promotion of three leaders to its executive leadership team, effective January 1, 2023. Max Axler will become EVP and Chief Credit Officer, Maran Nalluswami will become EVP and CEO Diversified & Value and Lifestyle and Dana Randell will become EVP and Chief Audit Executive. They will report to Brian Doubles, President and Chief Executive Officer. Max Axler will be named EVP and Chief Credit Officer, Synchrony effective January 1, 2023. These leaders will replace Henry Greig, EVP and Chief Credit Officer, Mark Martinelli, EVP and Chief Audit Executive, and Tom Quindlen, EVP and CEO Diversified & Value and Lifestyle, who announced their intention to retire from the company effective December 31. Max Axler is currently SVP and Deputy Chief Credit Officer. He has more than 20 years of experience across audit, finance and credit. During the past several years, Max has played a key role setting the company's strategic direction for credit and fraud decisioning and implementation. Maran Nalluswami is currently SVP, Diversified & Value where he is responsible for driving growth for our partners and for Synchrony. He has more than 20 years of experience in commercial leadership roles. Dana Randell is currently SVP, Deputy Chief Audit Executive. She brings more than 20 years of diverse and extensive industry experience in audit, accounting and risk management.
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UVE | Hot Stocks16:16 EDT Universal Insurance estimates overall loss from Hurricane Ian of roughly $1B - Universal Insurance Holdings provided an update on Hurricane Ian. "Our thoughts are with all impacted Florida residents," said Stephen J. Donaghy, Chief Executive Officer. "We're focused on helping our policyholders rebuild and return to normalcy. Our claims, catastrophe response and customer service teams are on the ground and on the phone, helping our policyholders in their time of need. With our dedicated staff, our disaster preparedness planning and conservative reinsurance program, we're well prepared for this event and maintain substantial reinsurance protection for any subsequent events. We've been serving the Florida market since 1998 and have experience across over a dozen hurricanes, including the highly active 2004-2005 seasons as well as recent major catastrophe events, including Hurricanes Irma and Michael in 2017 and 2018, respectively. Our strong reinsurance relationships have been formed over many years and we have access to our share of the FLOIR's RAP layer of reinsurance coverage for the 2023-2024 renewal given that we deferred participation this year, on top of significant multi-year excess of loss catastrophe coverage that is part of next year's program." To date, the company has received approximately 18,000 claims, roughly half the number of Hurricane Irma claims received at this point. Its substantial claims infrastructure, which includes over 800 claims, litigation and support professionals, has been able to handle the majority of Hurricane Ian claims in house. Universal estimates its overall gross ultimate loss to be approximately $1B, well below its $3B overall reinsurance tower, with projected net exposure limited to retentions at its insurance and captive insurance entity subsidiaries.
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IVZ | Hot Stocks16:16 EDT Invesco reports preliminary AUM $1.32T as of September 30 - A decrease of 6.5% versus previous month-end. The firm experienced net long-term outflows of $5.2B in the month. Non-management fee earning net inflows were $1.3B and money market net inflows were $2.4B.
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PCVX | Hot Stocks16:14 EDT Vaxcyte names Mark Wiggins Chief Business Officer, Simon Chief Medical Officer - Vaxcyte announced the appointment of Mark Wiggins as Chief Business Officer and Jakub Simon as Chief Medical Officer. Both Mark and Jakub are accomplished industry leaders who bring vast expertise that will support the continued growth and advancement of the Company. "We are delighted to welcome Mark and Jakub as we approach a major milestone for the Company with the expected announcement of topline results from the VAX-24 proof-of-concept study in October or November," said Grant Pickering, Chief Executive Officer and Co-founder of Vaxcyte. "Jakub's extensive background in vaccine development as well as Mark's expertise in corporate and business development are important additions to our management team as Vaxcyte continues to advance our lead vaccine candidate, VAX-24, a 24-valent pneumococcal conjugate vaccine, and the rest of our novel vaccine pipeline."
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LOCO | Hot Stocks16:14 EDT El Pollo Loco announces $1.50 special dividend, $20M share repurchase program - El Pollo Loco announced that the board declared a special dividend of $1.50 per share on the common stock of the company. The special dividend is payable on November 9 to shareholders of record at the close of business on October 24. Additionally, the board of directors has approved a new share repurchase program with authorization to purchase up to $20M of shares. The share repurchase program is effective immediately.
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ESTE | Hot Stocks16:14 EDT Earthstone Energy announces repurchase of 3M shares for $44M - Earthstone Energy announced that it has purchased 3,000,000 shares of Earthstone's Class A Common Stock for a total purchase price of approximately $44M from certain affiliates of Warburg Pincus. Separately and concurrently with the Share Repurchase, Warburg Pincus sold 3,750,000 shares of Class A Common Stock under Rule 144 of the Securities Act of 1933. As of October 11, 2022, including the impact of the Share Repurchase, Earthstone's outstanding share count of Class A Common Stock and Class B Common Stock is 139.7M shares.
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GATO | Hot Stocks16:13 EDT Gatos Silver raises FY22 CLG silver production view to 9.35M-9.65M ounces - Previous view 8.5M-9M. Raises FY22 CLG zinc production view to 59M-61M pounds from 49M-54M. Raises FY22 CLG lead production view to 43M-45M pounds from 36M-40M. Raises FY22 CLG gold production view to 5M-5.3M pounds from 4M-4.5M.
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KNTE | Hot Stocks16:12 EDT Kinnate Biopharma provides update on KN-8701 trial - Kinnate Biopharma announced an update from the ongoing global Phase 1 KN-8701 trial evaluating KIN-2787, an investigational pan-RAF inhibitor, in patients with BRAF-altered solid tumors and/or who have NRAS mutant melanoma. Enrolled patients with BRAF Class I, II and III alterations, and/or who have NRAS mutant melanoma, into six KIN-2787 dose levels: 25 mg bid, 50 mg bid, 100 mg bid, 200 mg bid, 300 mg bid and 400 mg bid. KIN-2787 cleared the predicted efficacious dose at 300 mg bid. Enrollment in the dose escalation portion continues; currently at the 400 mg bid dose with the maximum tolerated dose not yet determined. KIN-2787 achieved meaningful exposures that were dose proportional and exceeded the predicted efficacious thresholds based on preclinical models. Encouraging initial clinical responses observed thus far. Initial site activation was slower than expected due to COVID-19. This has resulted in a limited number of efficacy evaluable patients to-date in the relevant population at the predicted efficacious dose. The company anticipates sharing detailed dose escalation data with additional efficacy evaluable patients in the first half of 2023. Subsequent to the KIN-2787 data release, the company will announce the next pipeline program, which is anticipated to enter the clinic in 2023. As of September 30, Kinnate's total cash and cash equivalents and investments were approximately $262M, exclusive of its China joint venture Kinnjiu's cash, and is expected to fund current operations into mid-2024.
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CORT | Hot Stocks16:11 EDT Corcept begins study of dazucorilant in patients with ALS - Corcept Therapeutics announced that it has initiated DAZALS - a Phase 2 trial of its proprietary selective cortisol modulator dazucorilant in patients with amyotrophic lateral sclerosis ALS. "Dazucorilant showed great promise in animal models of ALS - improving motor performance and reducing neuroinflammation and muscular atrophy," said principal investigator Dr. Leonard van den Berg, chairman of TRICALS and professor of neurology at the University Medical Center Utrecht in the Netherlands. "I am excited to partner with Corcept to study dazucorilant's potential to significantly improve treatment outcomes for people living with ALS." DAZALS is a 198-patient, randomized, double-blind, placebo-controlled Phase 2 trial of dazucorilant in patients with ALS. The primary endpoints will be ALS Functional Rating Scale-Revised (ALSFRS-R) total score and safety. Key secondary endpoints include overall survival and quality of life. Additional information about DAZALS can be found here. .
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GATO | Hot Stocks16:11 EDT Gatos Silver reports 'record' quarterly production for Q3 - Gatos Silver announced record production results from its 70%-owned Cerro Los Gatos mine for the quarter and nine months ended September 30, 2022. Dale Andres, CEO of Gatos Silver, commented: "Our continued strong operating performance at CLG during the quarter reflects planned production sequencing, with mill throughput exceeding design capacity by 15% and with higher ore grades compared with a year earlier. Our priority exploration and definition drilling objectives are to extend our mine life by converting the higher-grade portion of our current Mineral Resource into Reserves and to follow up on the mineralization recently discovered at depth in the new South-East Deeps zone while assessing its potential implications for the entire Los Gatos district." CLG achieved record production for silver, zinc and lead during the third quarter of 2022. Silver production was 2.7 million ounces of silver, an increase of 59% compared to the third quarter of 2021. Zinc production was 17.8 million pounds, up 32%, and lead production was 12.2 million pounds, up 13% from the comparable quarter in 2021.
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ANSS | Hot Stocks16:11 EDT Ansys signs definitive agreement to acquire Thermal Desktop - Ansys announced it has signed a definitive agreement to acquire Thermal Desktop maker Cullimore and Ring Technologies a/k/a C&R Technologies, the leading provider of orbital thermal analysis. Once integrated into Ansys' existing portfolio, this acquisition will further position Ansys as the industry leader of A&D and NewSpace simulation solutions. The acquisition is not expected to have a material impact on Ansys' consolidated financial statements in 2022. The design of many engineering systems in A&D, NewSpace, and other industries requires a thorough understanding of the thermal behavior for a wide range of environmental conditions, including accounting for transient situations such as start-up and shutdown.
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ICFI | Hot Stocks16:09 EDT ICF International awarded $15M contract by Bureau of Reclamation - The U.S. Department of the Interior's Bureau of Reclamation recently awarded global consulting and digital services provider ICF a new four-year, $15M contract to provide environmental consulting services to support the long-term operation of its Central Valley, or CVP, and State Water, or SWP, projects. ICF will bring its expansive expertise in applied science, planning and engagement to support state and federal environmental compliance and provide associated modeling and analytical services to support the CVP and SWP-both of which provide critical multipurpose water infrastructure to the State of California. The work will help CVP and SWP address changing conditions associated with fish and wildlife, water and power operations and habitat restoration, and allow for facility improvements and additions.
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VRTS | Hot Stocks16:08 EDT Virtus Investment reports preliminary AUM $145B as of September 30 - The decrease from $155.42B at June 30 primarily reflected market depreciation and net outflows in open-end funds, institutional accounts and retail separate accounts, partially offset by positive net flows in closed-end funds. In addition, the company provided services to $2.5B of other fee-earning assets, which are not included in assets under management.
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RNA | Hot Stocks16:07 EDT Avidity Biosciences announces Phase1/2 Explore 44 clinical trial - Avidity Biosciences announced the Phase 1/2 EXPLORE44 clinical trial of AOC 1044 in healthy volunteers and participants with Duchenne muscular dystrophy, or DMD, a rare, genetic condition that is characterized by progressive muscle damage and weakness. AOC 1044 is designed for people living with DMD amenable to exon 44 skipping, or DMD44, and is the first of multiple AOCs the company is developing for DMD. Currently, there are no approved therapies to treat the underlying mechanism of disease for people living with DMD mutations amenable to exon 44 skipping. Avidity has advanced three distinct rare disease programs - DM1, FSHD and DMD44 - into clinical development in a 14-month period. DMD is an irreversible, progressive disease caused by a genetic mutation that prevents the body from producing a protein called dystrophin, which is an important protein that protects muscle cells from injury during contraction.
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IRBT | Hot Stocks16:07 EDT iRobot announces favorable ruling in patent dispute against SharkNinja - iRobot announced that Administrative Law Judge Maryann McNamara issued an initial determination in favor of iRobot in the company's patent infringement action against SharkNinja Operating LLC and its related entities at the International Trade Commission. The ruling recommended a limited exclusion order in International Trade Commission Investigation No.337-TA-1252, finding that Shark has infringed valid claims of multiple iRobot asserted patents. The initial determination recommends that the ITC issue an order barring the importation of various infringing SharkNinja robotic cleaning products. Judge McNamara's initial determination and recommended remedy is now before the ITC Commissioners, with a final determination expected by February 2023. If the recommended remedy is approved by the ITC Commissioners, the exclusion order as to the infringing products will go into effect upon publication of the Commissioners' final determination, regardless of further appeals. This is iRobot's second time securing an exclusion order against respondents at the ITC, and second time asserting a lawsuit against SharkNinja. A related district court case involving the patents in this lawsuit will remain pending until the conclusion of the ITC case.
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FANG | Hot Stocks16:06 EDT Diamondback Energy to acquire FireBird Energy for 5.86M shares, $775M in cash - Diamondback Energy announced that it has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of FireBird Energy in exchange for 5.86M shares of Diamondback common stock and $775M of cash. The cash portion of this transaction is expected to be funded through a combination of cash on hand, borrowings under the company's credit facility and/or proceeds from a senior notes offering. The cash outlay at closing is expected to be approximately $700M due to the expected free cash flow to be generated on the asset between the effective date and expected closing date late in the fourth quarter of 2022. The transaction is expected to be immediately accretive to all relevant 2023 and 2024 financial metrics and increase expected pro forma 2023 per share cash returned to stockholders by approximately 3%. The company would acquire approximately 75,000 gross highly contiguous acres in the Midland Basin with estimated production at closing of approximately 17 MBo/d. FY23 estimated average production is approximately 19 MBo/d. FY23 oil production can be maintained for multiple years with one rig running. Diamondback expects to reduce operated rig count from three currently to one post-closing for 2023 development A total of 353 estimated gross horizontal locations in primary development targets with an average lateral length of approximately 11,400'; 84 gross upside locations from co-development based on recent well results. Primary targets are the Middle Spraberry, Lower Spraberry, Wolfcamp A and Wolfcamp B formations. Overall, 98.5% of acreage is operated with an average 92% working interest; 84% of acreage currently held by production. Diamondback expects this transaction to close late in Q4.
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PFMT | Hot Stocks16:06 EDT Performant Financial announces new strategic engagement with Priority Health - Performant Healthcare "announced a new strategic engagement with Priority Health to provide a customized, end-to-end solution focused on all aspects of payment integrity."
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DOMO | Hot Stocks16:05 EDT Domo names Monica Pool Knox chief people officer - Domo announced that Monica Pool Knox will join the company as Chief People Officer, reporting to Chief Executive Officer John Mellor. In this role, Pool Knox will lead the global Human Resources organization with a focus on optimizing the capability of Domo's talent and inspiring a culture where employees can do their best work. "Monica's blend of large and start-up company experiences, functional excellence and human-centric leadership is exactly what we were searching for in this executive position," said Mellor. "I'm thrilled to have Monica at the table with our management team and board, helping lead our next phase of growth with a world-class company culture where the best talent thrives." Prior to Domo, Pool Knox led Global Talent Management for Microsoft where she developed innovative people programs and practices as well as created and implemented AI-enabled HR technology solutions for internal and external consumption.
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TRIP | Hot Stocks16:04 EDT TripAdvisor CFO Ernst Teunissen to retire, Mike Noonan to succeed - Tripadvisor announced that Ernst Teunissen will retire from his role as CFO to pursue other interests, and that Mike Noonan will join the company as CFO and Senior Vice President, effective October 31. Through the first quarter of 2023, Teunissen will be actively engaged with key finance and strategy initiatives as well as facilitating a smooth CFO transition. Noonan joins Tripadvisor with over 30 years of experience in various corporate finance and capital markets roles. He will join the company from Noom, a consumer-focused digital health company, where he has served as CFO since October 2020.
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CSWI | Hot Stocks16:04 EDT CSW Industrials announces Danielle Gard joins as Chief People Officer - CSW Industrials announced that Danielle R. Garde joined the executive leadership team as Senior Vice President and Chief People Officer. Joseph B. Armes, CSWI Chairman, Chief Executive Officer, and President, commented, "I am pleased to welcome Danielle to the CSWI executive leadership team. She is an accomplished leader with extensive experience building teams and a demonstrated track record of organizational development. She is committed to further integrating and enhancing our distinctive employee-centric culture across CSWI."
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LFTR | Hot Stocks16:03 EDT Lefteris Acquisition announces liquidation - Lefteris Acquisition announced that, due to its anticipated inability to consummate an initial business combination within the time period required by its Second Amended and Restated Certificate of Incorporation, Lefteris intends to dissolve and liquidate in accordance with the provisions of its Second Amended and Restated Certificate of Incorporation and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering, at a per-share redemption price of approximately $10.06. "As responsible stewards of shareholder capital, we felt the best course of action given market turmoil was to explore possible combinations with many potential partners, but to proceed only where we had a high degree of confidence that they would grow in value once public," stated Jon Isaacson, CEO and CFO of Lefteris. "Since this standard could not be met, we are ceasing our efforts and disbursing the funds back to the shareholders." Lefteris' Vice Chairman and former CEO Karl Roessner added, "We were tireless in our efforts to unlock shareholder value as we identified hundreds of potential business combination partners and participated in over one hundred meetings regarding potential transactions. Ultimately, however, we were unable to reach an agreement where we felt confident that there would be shareholder appreciation. Therefore, we remained disciplined and are returning the capital held in the trust account." "We believe the SPAC vehicle can be an effective approach to capital raising for certain growing companies," said Mark Casady, Executive Chairman of Lefteris. "However, in light of the current conditions, we are taking the route that returns value in a market that values cash." As of the close of business on October 24, 2022, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. In order to provide for the disbursement of funds from the trust account, the Company has instructed the trustee of the trust account to take all necessary actions to liquidate the trust account. The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders may redeem their shares for their pro rata portion of the proceeds of the trust account by delivering their Public Shares to Continental Stock Transfer & Trust Company, the Company's transfer agent. Beneficial owners of Public Shares held in "street name," however, will not need to take any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed within ten business days after October 23, 2022. The Company's initial stockholders have waived their redemption rights with respect to its outstanding common stock issued prior to the Company's initial public offering. There will be no redemption rights or liquidating distributions with respect to the Company's warrants, which will expire worthless.
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RIO | Hot Stocks15:27 EDT Rio Tinto to invest up to C$737M to decarbonize RTFT operations in Quebec - Rio Tinto announced it is partnering with the Government of Canada to invest up to C$737M, or US$537M, over the next eight years to decarbonize its Rio Tinto Fer et Titane, or RTFT, operations in Sorel-Tracy, Quebec, and to "position the business as a centre of excellence for critical minerals processing." The Government of Canada is investing up to C$222M, or US$162M, over the next eight years to support these initiatives through its Strategic Innovation Fund, or SIF, Rio Tinto noted. Rio Tinto CEO Jakob Stausholm said: "Rio Tinto is committed to being part of a net-zero future, from decarbonizing our operations to finding new ways to produce the materials needed for the transition. We are excited to collaborate with the Government of Canada to position RTFT for the future and strengthen the critical minerals and metals value chains in Canada and the United States."
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MNDY | Hot Stocks15:17 EDT Monday.com expands global presence with office in Marunouchi, Tokyo - monday.com has expanded its global presence into Japan with an office in Marunouchi, Tokyo. The company celebrated this milestone with a press event at the Andaz Tokyo, that included presentations by Dean Swan, monday.com Regional Vice President Asia Pacific & Japan, and Koji Watanabe, monday.com Japan Country Manager. In the last couple of years, monday.com has experienced an increase of 187% in annual recurring revenue in Japan from 2021 to 2022, and currently services more than 500 paying customers in the region. The monday.com Work OS is fully localized in Japanese. The company also announced its appointment of Mr. Koji Watanabe as the new Country Manager for Japan. Mr. Watanabe leads a team that is currently focused on customer success, marketing, sales and partnerships in the region.
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ANGI IAC | Hot Stocks15:04 EDT Angi plunges after CEO Oisin Hanrahan steps down - Shares of home service firm ANGI are down over 8% or 25c per share to $2.70 per share in late afternoon trading on Tuesday, after the company said late Monday that it has appointed Joey Levin, CEO of IAC (IAC) and chairman of Angi, to CEO of Angi. Oisin Hanrahan has stepped down as CEO and director of Angi. Levin will assume the role of CEO of Angi in addition to his duties as CEO of IAC and will oversee Angi's executive leadership team and daily management of the company. These changes are effective immediately, noted the company.
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RTX... | Hot Stocks14:35 EDT Frontier introduces first A321neo with Pratt & Whitney GTF engines - Pratt & Whitney, a Raytheon Technologies (RTX) business, and Frontier Airlines (ULCC) welcomed the arrival of the carrier's first Airbus (EADSY) A321neo aircraft, outfitted with Pratt & Whitney GTF engines, at a celebration at Tampa International Airport. In recognition of the companies' relationship, Frontier asked Pratt & Whitney employees to name the first three aircraft. The first plane was named "Frederick the Bald Eagle" in honor of the company's founder Frederick B. Rentschler, recognizing the nearly 100-year history of the engine maker. The aircraft features Pratt & Whitney's hallmark bald eagle on the tail and marks the first of 144 A320neo family aircraft - 134 purchased and 10 leased - for which Frontier has selected the GTF engine. In the coming months, Frontier will reveal two additional aircraft named after other Pratt & Whitney pioneers, each with its own unique tail design.
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CDNS... | Hot Stocks14:02 EDT Cadence Design announces collaboration with Google Cloud - Cadence Design Systems (CDNS) announced a collaboration with Google Cloud (GOOGL) that the company said "accelerates system and semiconductor design with cloud-ready tools included in the Cadence Cloud Passport that have been certified for use with Google Cloud." Cadence added: "This collaboration provides engineers with up to 10X improvement in design and verification throughput, accelerating time to market. Cadence tools have been tested and benchmarked on Google Cloud with performance improvements of up to 25% on Google Cloud C2D instances compared with an on-prem infrastructure."
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LHX | Hot Stocks14:01 EDT L3Harris reports radio production orders worth $235M under Army contract - L3Harris Technologies announced receipt of two production orders totaling $235M to provide leader and manpack radios for the U.S. Army. The AN/PRC-163 Leader and AN/PRC-158 Manpack radios are part of the U.S. Army's Handheld, Manpack & Small Form Fit program. These second, full-rate production orders deliver multi-mission networking capability for warfighters in the field, the company noted.
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META | Hot Stocks13:47 EDT Meta unveils new VR headset Meta Quest Pro - Meta unveiled Meta Quest Pro, a new all-in-one virtual reality headset. "Meta Quest Pro is the first entry in our new high-end line of devices, and it's packed with innovative features like high-res sensors for robust mixed reality experiences, crisp LCD displays for sharp visuals, a completely new and sleeker design, plus eye tracking and Natural Facial Expressions to help your avatar reflect you more naturally in VR," the company said. Meta Quest Pro will be available for purchase on October 25 for $1,499.99 USD, and that includes the headset, Meta Quest Touch Pro controllers, stylus tips, partial light blockers, and a charging dock. You can pre-order Meta Quest Pro from the Meta Store starting today in any country where Meta Quest products are supported, and from select retail partners, including: Best Buy in the US and Canada, Argos and Currys in the UK, and FNAC and Boulanger in France. You can also pre-order from Amazon in the US, UK, Canada, and France. The Meta Quest line of devices will continue to exist alongside Meta Quest Pro as an accessible entry point for VR, and there's a ton of content and updates still planned for Meta Quest 2, Meta said.
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INTC | Hot Stocks13:40 EDT Intel introduces internal foundry model for external customers, product lines - Intel CEO Pat Gelsinger sent a statement announcing creation of an internal foundry model for external customers and Intel product lines and the creation of the IDM 2.0 Acceleration Office, under the leadership of Stuart Pann, to all company employees on Oct. 11. "When I returned to Intel in 2021, I introduced our IDM 2.0 strategy: a multiyear journey to regain unquestioned technology leadership, manufacturing scale and long-term growth. Today, we begin the next phase of our IDM 2.0 journey... We remain on track to deliver five process nodes in four years, and we've invested in the capacity required to meet the industry's demand for semiconductors, bringing much-needed balance to the global supply chain. The next phase of our IDM 2.0 journey requires a fundamental shift in mindset. We must embrace an internal foundry model, not only for our external customer commitments but also for our Intel product lines. This is a significant evolution in how we think and operate as a company, but the systems and infrastructure that served us well in the IDM 1.0 world will not enable us to achieve the full potential of IDM 2.0. Implementing an internal foundry model means establishing consistent processes, systems and guardrails between our business unit, design and manufacturing teams. This will allow us to identify and address structural inefficiencies that exist in our current model by driving accountability and costs back to decision-makers in real time. It will also put Intel's product groups on a similar footing as external Intel Foundry Services customers and vice versa... We will also create a foundry accounting model that encompasses manufacturing, technology development and Intel Foundry Services... To facilitate this effort, I have established an IDM 2.0 Acceleration Office, which will be led by Stuart Pann, Senior Vice President of our Corporate Planning Group. In addition to his responsibility leading CPG, Stu will take on the role of Chief Business Transformation Officer, reporting to Chief Financial Officer Dave Zinsner and joining the executive leadership team. The IDM 2.0 Acceleration Office will work in close collaboration with all business units and functional teams to bring this new internal foundry model to life," he said in the statement.Reference Link
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PG FDX | Hot Stocks13:40 EDT Procter & Gamble says FedEx CEO among 11 P&G nominees elected to board - Procter & Gamble Company (PG) announced that at its 2022 annual meeting of shareholders, Rajesh Subramaniam, President and CEO of FedEx (FDX), was newly elected to its board of directors, effective immediately. P&G shareholders elected all 11 P&G Director nominees, including Subramaniam and 10 incumbent directors, with each receiving more than 90% support according to preliminary voting results, the company announced. "P&G's Board is comprised of eminently qualified individuals who bring seasoned judgment and a variety of skills and experiences with them into the boardroom," the company stated.
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MSFT META | Hot Stocks13:38 EDT Microsoft says partnering with Meta on metaverse 'work and play' - Jeff Teper, President - Microsoft Collaborative Apps and Platforms, said in a post to the Microsoft (MSFT) blog: "Over the past two-and-a-half years, new patterns of work have emerged that put people, communications, and workflows at the center. In that time, Microsoft Teams has grown to 270 million monthly active users, becoming the most ubiquitous platform for workplace collaboration and business processes. Teams' growth is a sign of how work has changed, and where it's going... As a platform company, our approach to workplace productivity and collaboration is to ensure the software experiences we deliver can benefit users on all their favorite devices. In that spirit, today we are announcing several ways we are partnering with Meta to provide customers with more choice and security as they venture into the metaverse. First, we are bringing Mesh for Microsoft Teams to Meta Quest devices. Mesh for Teams builds on years of research and Microsoft Cloud innovation, from Azure Digital Twins to Dynamics 365 Remote Assist and Teams video meetings. It is designed to help people gather virtually in the place where work happens on any device, including smartphones, laptops and mixed-reality headsets. Mesh for Teams with Meta Quest Pro and Meta Quest 2 devices will enable people to connect and collaborate as though they are together in person. In addition, Microsoft 365 apps will be available on Meta Quest devices, enabling people to interact with content from their favorite productivity apps including Word, Excel, PowerPoint, Outlook, and SharePoint within VR. In the future, Windows 365 will also be available on Meta Quest devices, with the ability to stream a Windows Cloud PC including your personalized apps, content and settings. Microsoft Intune and Azure Active Directory will support Meta Quest Pro and Meta Quest 2, enabling IT administrators to provision these devices for users with a Quest for Business subscription from Meta, with confidence so that the security and management options they expect from PCs and mobile devices will carry over to VR. Finally, Microsoft and Meta are exploring ways to bring Xbox Cloud Gaming to Meta Quest Store, allowing gamers to stream hundreds of high-quality Xbox games to phones, tablets, PCs, select smart TVs, and the Meta Quest platform. This partnership complements our commitment to HoloLens, and we are excited to continue evolving our mixed-reality devices roadmap, leading with our cloud-first approach, and with Windows and Microsoft 365 at the fore." Reference Link
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EXTN ENRFF | Hot Stocks13:32 EDT Exterran, Enerflex announce shareholder approval for transaction - Enerflex (ENRFF) and Exterran (EXTN) announce that they have received all necessary shareholder and stockholder approvals in connection with the pending acquisition of Exterran by Enerflex. The transaction is expected to be completed on or about October 13, and is subject to the satisfaction of all closing conditions. "We are pleased to have obtained shareholder and stockholder approval as we near the completion of our transformational acquisition of Exterran. As we look ahead to the future, we are laser-focused on our integration efforts to become a more resilient, profitable, and efficient Enerflex, and maximize long-term value for all our new and existing shareholders," said Marc Rossiter, Enerflex's President and CEO.
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CNI | Hot Stocks13:16 EDT CN says IBEW arbitration concludes with new collective agreement - CN announced the conclusion of the arbitration process with the International Brotherhood of Electrical Workers, or IBEW, which represents approximately 750 unionized Signals and Communications employees in CN's Canadian operations. The three-year collective agreement is retroactive to January 1, 2022, and runs through December 31, 2024. The agreement includes a 3% wage increase for each of 2022, 2023 and 2024. Rob Reilly, Executive Vice-President and Chief Operating Officer, CN, stated: "We are satisfied to have concluded this arbitration. We continue to focus on implementing a back to basics approach by running a scheduled operation, aligning capacity with demand and working closely with our customers and stakeholders to maximize the effectiveness and efficiency of the best network in North America."
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AAPL | Hot Stocks13:10 EDT Apple introduces Ask Apple for developers - Apple introduced Ask Apple, "a new series of interactive Q&As and one-on-one consultations that will provide developers with even more opportunities to connect directly with Apple experts for insight, support, and feedback," the company says. Developers participating in Ask Apple can inquire about a variety of topics, such as testing on the latest seeds; implementing new and updated frameworks from Worldwide Developers Conference; adopting new features like the Dynamic Island; moving to Swift, SwiftUI, and accessibility; and preparing their apps for new OS and hardware releases. Ask Apple is free of charge and registration is open to all members of the Apple Developer Program and the Apple Developer Enterprise Program. This series will enable developers to ask questions to various Apple team members through Q&As on Slack or in one-on-one office hours. Q&As allow developers to connect with Apple evangelists, engineers, and designers to get their questions answered, share their learnings, and engage with other developers around the world. Office hours are focused on creating and distributing compelling apps that take advantage of the latest in technology and design. Developers can ask for code-level assistance, design guidance, input on implementing technologies and frameworks, advice on resolving issues, or help with App Review Guidelines and distribution tools. Office hours will be hosted in time zones around the world and in multiple languages. Ask Apple will be an ongoing series, with the first round of opportunities coming October 17-21. In addition to the Ask Apple series, hundreds of hours of sessions are available on demand on the Apple Developer website and in the Apple Developer app, enabling developers to hear directly from Apple about the latest technologies and important news all in one place, all year long, whenever and wherever is most convenient. Reference Link
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DNA | Hot Stocks13:10 EDT Cathie Wood's ARK reports 10.64% stake in Ginkgo Bioworks - Cathie Wood's ARK Investment Management disclosed a 10.64% stake in Ginkgo Bioworks, which represents over 126.8M shares. The filing with the SEC does not allow for activism. Shares of Ginkgo are up 5% to $3.05 in afternoon trading.
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GOOGL... | Hot Stocks12:54 EDT Google launches C3 machine series for data centers with Intel - Intel (INTC) highlighted that Google Cloud (GOOG, GOOGL) announced the deployment of its new C3 machine series. The C3 machine series features 4th Gen Intel Xeon, Scalable processors in private preview and debuts the Intel infrastructure processing unit E2000, co-designed by Google and Intel, Intel said in a statement. It added, "Through its unique architectural approach, C3 machine instances deliver strong performance gains of up to 20% over previous generation C2 instances, enabling high performance computing and data-intensive workloads. Google Cloud C3 machines also pave the way for a future where infrastructure processing units are integrated into data centers, accelerating cloud infrastructures and maximizing performance." Reference Link
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NLSN | Hot Stocks12:44 EDT Nielsen announces closing of transaction with Evergreen, Brookfield consortium - Nielsen Holdings announced the completion of its previously announced sale to a private equity consortium composed of Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management L.P., and Brookfield Business Partners L.P. together with institutional partners in an all-cash transaction valued at approximately $16B, including the assumption of debt. Nielsen shareholders will receive $28 per Nielsen share in cash in accordance with the terms of the transaction. With the completion of the transaction, Nielsen's shares will no longer trade on the New York Stock Exchange beginning Oct 12, 2022. "Today's announcement marks an important milestone for Nielsen. We are excited for a bright future as a private company," said David Kenny, CEO of Nielsen.
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BHG | Hot Stocks12:29 EDT Bright Health to focus on Fully Aligned Care, sees accelerated profitability - Bright Health Group announced earlier its decision to further focus its business on its Fully Aligned Care Model and will no longer offer Individual and Family Plans through Bright HealthCare, or Medicare Advantage products outside of California and Florida in 2023. In addition, Bright Health announced raising $175M of committed convertible preferred equity capital that is expected to close in the coming weeks "and take the business through profitability." Bright Health said, "Focusing on Bright Health's largest healthcare markets where it operates its differentiated Fully Aligned Care Model in partnership with aligned external payors and care providers is a faster path to profitability, has greater predictability, and is more capital efficient." The company now expects to be profitable on an adjusted EBITDA basis in 2023 and will serve underserved populations through its risk-bearing care delivery business, Medicare Advantage products, and the ACO REACH Program in states that cover 26% of the aging U.S. population. Further, Bright Health Group reaffirms its previous adjusted EBITDA guidance for 2022 at the midpoint of the range. In addition to the previously announced market exits, Bright HealthCare will not offer Individual and Family health plans in Alabama, Arizona, Colorado, Florida, Georgia, Nebraska, North Carolina, Texas, and Tennessee after 2022, or Medicare Advantage plans outside of California and Florida. This is expected to release excess regulated capital of approximately $250M upon settlement of all medical liabilities and approval from state regulators. Shares of Bright Health are up 26% to $1.15 following this morning's news.
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BHG | Hot Stocks12:27 EDT Bright Health to focus on Fully Aligned Care, sees accelerate profitability - Bright Health Group announced earlier its decision to further focus its business on its Fully Aligned Care Model and will no longer offer Individual and Family Plans through Bright HealthCare, or Medicare Advantage products outside of California and Florida in 2023. In addition, Bright Health announced raising $175M of committed convertible preferred equity capital that is expected to close in the coming weeks "and take the business through profitability." Bright Health said, "Focusing on Bright Health's largest healthcare markets where it operates its differentiated Fully Aligned Care Model in partnership with aligned external payors and care providers is a faster path to profitability, has greater predictability, and is more capital efficient." The company now expects to be profitable on an adjusted EBITDA basis in 2023 and will serve underserved populations through its risk-bearing care delivery business, Medicare Advantage products, and the ACO REACH Program in states that cover 26% of the aging U.S. population. Further, Bright Health Group reaffirms its previous adjusted EBITDA guidance for 2022 at the midpoint of the range. In addition to the previously announced market exits, Bright HealthCare will not offer Individual and Family health plans in Alabama, Arizona, Colorado, Florida, Georgia, Nebraska, North Carolina, Texas, and Tennessee after 2022, or Medicare Advantage plans outside of California and Florida. This is expected to release excess regulated capital of approximately $250M upon settlement of all medical liabilities and approval from state regulators.
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VZ | Hot Stocks12:03 EDT Verizon names Vandana Venkatesh as chief legal officer - Verizon announced the formation of a new, enterprise wide, shared services organization, advancing their strategy for 2023. Chief Administrative Officer and General Counsel, Craig Silliman, will be taking on a new role leading the company's new central support services operations, as President, Verizon Global Services. Craig and VGS will be responsible for most shared services teams within Verizon including Real Estate, Sourcing, Supply Chain, Fleet, Finance Operations, Global Technology Solutions, Reporting and Insights, Learning and Development, Public Policy and Information Security. In announcing these changes, Verizon Chairman and CEO Hans Vestberg said, "This is a logical evolution of our strategy. These moves will accelerate our efforts to drive efficiencies, enabling us to reinvest savings. As Silliman steps into this new role, effective immediately, Vandana Venkatesh, will assume his responsibilities as Chief Legal Officer. In this new role, Vandana will report to Hans Vestberg and lead the company's legal, privacy, and corporate security functions. Vandana is currently SVP and General Counsel for the Verizon Consumer Group.
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VZ | Hot Stocks12:02 EDT Verizon says Craig Silliman to lead shared services organization
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VZ | Hot Stocks12:02 EDT Verizon announces formation of shared services organization
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NOG | Hot Stocks12:00 EDT Northern Oil and Gas falls -9.1% - Northern Oil and Gas is down -9.1%, or -$2.98 to $29.83.
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MDV | Hot Stocks12:00 EDT Modiv falls -10.3% - Modiv is down -10.3%, or -$1.24 to $10.74.
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AZZ | Hot Stocks12:00 EDT AZZ Inc. falls -13.4% - AZZ Inc. is down -13.4%, or -$5.22 to $33.80.
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BAK | Hot Stocks12:00 EDT Braskem rises 18.4% - Braskem is up 18.4%, or $1.98 to $12.72.
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FORG | Hot Stocks12:00 EDT ForgeRock rises 49.1% - ForgeRock is up 49.1%, or $7.44 to $22.60.
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HKD | Hot Stocks12:00 EDT AMTD Digital rises 72.8% - AMTD Digital is up 72.8%, or $22.14 to $52.56.
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WEBR COOK | Hot Stocks11:46 EDT Weber up 13% after report of PE approach, peer Traeger follows higher - Shares of Weber (WEBR) are up 96c, or 13%, to $8.31 after a report from Street Insider, citing a source, claimed that the company was approached about a takeover by a private equity firm and hired Centerview Partners to review its options. Shares of barbeque grill making peer Traeger (COOK) are also 3% higher to $3.17 following the report about Weber.
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WEBR | Hot Stocks11:44 EDT Weber Inc trading resumes
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WEBR | Hot Stocks11:41 EDT Weber halted for volatile after jumping 14% to $8.37 on takeover report
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WEBR | Hot Stocks11:38 EDT Weber Inc trading halted, volatility trading pause
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UBER | Hot Stocks11:34 EDT Uber says DOL 'listened to drivers,' proposed rule takes 'measured approach' - Uber tweeted a statement on the proposed DOL rule, stating in part that the "Department of Labor listened to drivers" and that the proposed rule "takes a measured approach, essentially returning us to the Obama era, during which our industry grew exponentially." Reference Link
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GSQD | Hot Stocks11:23 EDT G Squared Ascend I Inc trading resumes
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NOG | Hot Stocks11:22 EDT Northern Oil and Gas acquires Delaware Basin interests for $130M - Northern Oil and Gas entered into a definitive agreement to acquire certain non-operated interests in the Delaware Basin from a private seller for a purchase price of $130M in cash, subject to typical closing adjustments. The acquired assets are located in Lea and Eddy Counties, New Mexico and Loving and Winkler Counties, Texas, and include approximately 2,100 net acres, 5.3 net producing wells, 2.1 net wells-in-process and approximately 17.2 net undeveloped locations. The primary operator of the assets is Mewbourne Oil. Other operators include Coterra and Permian Resources. The effective date for the transaction is November 1, and NOG expects to close the transaction in December. "In addition to its continuous hedging program, NOG has hedged, as standard practice, a significant portion of the production from the pending transaction," the company said in a statement earlier. The transaction is expected to be accretive to key financial metrics, it added. Shares of Northern Oil and Gas are down 8% to $30.34 in late morning trading.
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STLA | Hot Stocks11:05 EDT Stellantis sees Circular Economy unit reaching over EUR 2B in revenue by 2030 - Stellantis announced a comprehensive plan for its Circular Economy Business Unit to achieve more than EUR 2B in revenues by 2030 and drive the Company's aggressive decarbonization target of reaching carbon net zero by 2038. As one of the seven accretive business units announced in the Dare Forward 2030 strategic plan, the Circular Economy Business Unit is expanding its rigorous, 360-degree approach based on the 4R strategy - reman, repair, reuse, and recycle - to meet the Company's ethical responsibilities for the future, and to bring financial value to Stellantis. The main objectives of the Circular Economy Business Unit are extending the life of vehicles and parts, ensuring that they last for as long as possible, and returning material and end-of-life vehicles to the manufacturing loop for new vehicles and products. This methodology compliments the principles of 'Design for the Circular Economy,' which are core to the new Citroen 'oli', a conceptual multi-activity family vehicle that uses lightweight and recycled materials, sustainable production processes, affordability, durability for an extended service life and responsible end-of-life recyclability. Stellantis has developed a comprehensive, 360-degree business based on the 4R strategy: reman, repair, reuse, and recycle. It's an integrated ecosystem that is vital to preserving and protecting the planet's resources. Reman - Used, worn or defective parts are thoroughly dismantled, cleaned and remanufactured to OEM specifications. Nearly 12,000 parts covering 40 product lines, including electric vehicle batteries, are available. Repair - Worn parts are repaired and reinstalled into customers' vehicles. In 21 locations around the world, e-repair centers work on electric vehicle batteries. Reuse - Approximately 4.5 million multi-brand parts in inventory, still in good condition, are recovered from end-of-life vehicles and sold in 155 countries through the B-Parts e-commerce platform. Recycle - Production scraps and end-of-life vehicles are fed back into the manufacturing process. In just six months, the business unit has collected 1 million recycled parts. Stellantis' Circular Economy Business Unit plan calls for aggressive scaling up in volumes and expansion to new countries, while ensuring constant innovation and re-skilling for new techs. In September, Stellantis announced that its leading Circular Economy Hub will launch in 2023 at its Mirafiori Complex in Italy. The dedicated operation will enable the expansion of Stellantis' current activities and support its 'cradle-to-cradle' business model in Europe. The Hub will host vehicle reconditioning, vehicle dismantling, and parts remanufacturing activities, with the scope set to expand further globally. The business unit's ambition is also complementary to the 2016 acquisition of Aramis, a European leader in the online multi-brand purchase and sale of used cars, that will have seven in-house refurbishing centers, strategically placed over Western and Central Europe. In addition to circular economy hubs, the business unit will use 'local loops,' to keep products and materials within countries, speeding deliveries for customers. In Brazil, key parts, i.e., starter motors and alternators from Stellantis brand vehicles, are remanufactured, distributed and sold across 1,000 local dealerships - supporting the Circular Economy philosophy and the drive to carbon net zero. With the expansion of circular economy activities, the business unit is also launching its new SUSTAINera label for parts and accessories, indicating a savings of up to 80% materials and 50% energy as compared to their equivalent new parts
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BA | Hot Stocks11:03 EDT Boeing reports 112 commercial airplane deliveries in Q3 - Boeing announced major program deliveries across its commercial and defense operations for the third quarter of 2022, including 112 total commercial airplanes delivered. The company noted that it will provide detailed third quarter financial results on October 26.
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GSQD | Hot Stocks10:58 EDT G Squared Ascend I, Transfix agree to terminate business combination deal - G Squared Ascend I and Transfix announced the mutual termination of their previously announced business combination agreement due to current public market conditions. Concurrently, G Squared and New Enterprise Associates will lead a private round of investment to support Transfix's continued growth. As part of this financing, G Squared's Founder & Managing Partner, Larry Aschebrook, will join Transfix's Board of Directors.
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HMC | Hot Stocks10:47 EDT Honda announces $700M investment to re-tool Ohio plants - Honda announced two investments in Ohio, including $700M to re-tool several of its existing auto and powertrain plants for production of electric vehicles and $3.5B with LG Energy Solution to establish a previously announced joint venture facility to produce the battery modules to power them, pending final government approvals. The joint venture battery plant will be located in Ohio's Fayette County, about 40 miles southwest of Columbus. "This is a very challenging time for our entire industry, but also a very exciting time as Honda invests in full electric vehicle production in the Buckeye State," said Bob Nelson, executive vice president of American Honda Motor. "Honda has built hybrid-electric vehicles in Ohio for a number of years, and the experience and expertise of our associates in manufacturing, product development, and purchasing will serve as an important foundation as we transition to the electrified future."
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LYFT | Hot Stocks10:46 EDT Lyft says 'no immediate or direct impact' on business from DOL proposed rule - In a blog post, Lyft stated: "Today the Department of Labor released a proposed rule. There is no immediate or direct impact on the Lyft business at this time. The release today will allow for 45 days of public comment. This is just the first step in what is likely to be a longer process before any final rule or determination is made. Importantly this rule: Does not reclassify Lyft drivers as employees; Does not force Lyft to change our business model; Reverts to the approach the Obama Administration used to determine employee status. This approach previously applied to Lyft and app-based companies and did not result in reclassification of drivers; Was expected on day one of this Administration. Any new rule that addresses independent contractor status should be informed by those it impacts most: the workers. App-based work, in particular, is fundamentally different from traditional 9-to-5 work. Nowhere else can you find the same minute-by-minute flexibility to decide when, where, and for how long you want to earn. This type of independence and flexibility is the primary reason people turn to app-based work in the first place. Lyft will continue to advocate for laws like the one in Washington state which gives workers what they want: independence plus benefits and protections." Reference Link
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GSQD | Hot Stocks10:41 EDT G Squared Ascend I Inc trading halted, news pending
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HKD | Hot Stocks10:41 EDT AMTD Digital Inc - ADR trading resumes
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HKD | Hot Stocks10:36 EDT AMTD Digital Inc - ADR trading halted, volatility trading pause
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UBER... | Hot Stocks10:35 EDT Uber, others under pressure on Department of Labor gig worker proposal - Shares of Uber (UBER), Lyft (LYFT) and DoorDash (DASH) are under pressure on Tuesday morning as the U.S. Department of Labor proposes a rule that would make it more difficult for companies to treat workers as independent contractors. "The U.S. Department of Labor is proposing to modify Wage and Hour Division regulations to revise its analysis for determining employee or independent contractor classification under the Fair Labor Standards Act to be more consistent with judicial precedent and the Act's text and purpose," according to an unpublished document by the DOL. The proposal would require that workers be considered employees when they are "economically dependent" on the company, which would entitle them to more benefits and legal protections than contractors. PRICE ACTION: In Tuesday trading, Uber shares have dropped over 13%% to $23.93, Lyft shares have slipped almost 13% to $11.19, and DoorDash shares have slid about 10% to $43.11. Reference Link
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VMW | Hot Stocks10:33 EDT VMware launches Next G-AI Research and Innovation Centre - VMware announced the opening of the VMware Next G-AI Research and Innovation Centre. The Centre will bring together VMware's multi-cloud infrastructure, advanced networking, and Modern Application Development expertise with the latest in emerging Cloud Native development techniques, Artificial Intelligence and Machine Learning technologies to deliver a sustainable path to 5G+ and 6G technologies.
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TUYA | Hot Stocks10:06 EDT Tuya announces strategic partnership with China Mobile International Middle East - Tuya Smart and China Mobile International Middle East company signed a strategic partnership at GITEX Global 2022 to promote the deployment and implementation of IoT solutions and projects across the Middle East and Africa, Tuya announced. "They also decided that they will together provide more technical support for smart scenes, such as smart business, smart cities, and more," the company reported. Reference Link
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IZEA | Hot Stocks10:02 EDT IZEA reports Q3 managed services bookings of $8.2M - IZEA Worldwide announced today that its Managed Services team secured contract bookings totaling $8.2M in the third quarter of 2022, down from $11.3M in third quarter 2021.
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UBER | Hot Stocks10:00 EDT Uber falls -10.1% - Uber is down -10.1%, or -$2.77 to $24.76.
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LEG | Hot Stocks10:00 EDT Leggett & Platt falls -11.9% - Leggett & Platt is down -11.9%, or -$4.14 to $30.54.
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AZZ | Hot Stocks10:00 EDT AZZ Inc. falls -15.5% - AZZ Inc. is down -15.5%, or -$6.04 to $32.98.
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CPAC | Hot Stocks10:00 EDT Cementos Pacasmayo rises 7.0% - Cementos Pacasmayo is up 7.0%, or 32c to $4.87.
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BAK | Hot Stocks10:00 EDT Braskem rises 12.4% - Braskem is up 12.4%, or $1.33 to $12.07.
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FORG | Hot Stocks10:00 EDT ForgeRock rises 49.1% - ForgeRock is up 49.1%, or $7.45 to $22.61.
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AMRN | Hot Stocks09:55 EDT Sarissa commences process to call special meeting of Amarin shareholders - Earlier, Sarissa Capital Management made a statement regarding its ongoing discussions with Amarin Corporation plc regarding board representation, stating in part: "Amarin's board seems to be trying to outdo the misguided leadership of the Roman Emperor Nero who played his lyre while Rome was engulfed in flames. Their 'imperial' attitude and inaction is the problem. We, along with all shareholders, must try to fix the company... We cannot stand idly by as the board and management continue to risk destroying further shareholder value and potentially make the business increasingly unsalvageable. Sarissa has a history of helping struggling healthcare companies, including in the cardiovascular space, such as The Medicines Company. In order to turn the company around, we believe Sarissa representatives must be added to the board immediately. Although we will continue our discussions with the company, we have commenced the process to call a special meeting of shareholders to remove and replace certain Amarin directors who we believe do not serve the interest of shareholders. We hope that this process will ultimately be unnecessary and that the board will act swiftly to appoint our representatives to the board. However, given how reactive and drawn out the board process has been to date, we have little optimism that the board will now act with necessary and sufficient urgency." In early Tuesday morning trading, Amarin shares are up 1c, or 1%, to $1.19.
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LEG | Hot Stocks09:47 EDT Leggett & Platt falls -8.9% - Leggett & Platt is down -8.9%, or -$3.07 to $31.61.
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NOG | Hot Stocks09:47 EDT Northern Oil and Gas falls -9.1% - Northern Oil and Gas is down -9.1%, or -$2.97 to $29.84.
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AZZ | Hot Stocks09:47 EDT AZZ Inc. falls -12.6% - AZZ Inc. is down -12.6%, or -$4.93 to $34.09.
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BAK | Hot Stocks09:47 EDT Braskem rises 10.4% - Braskem is up 10.4%, or $1.12 to $11.86.
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JOBY | Hot Stocks09:47 EDT Joby Aviation rises 11.2% - Joby Aviation is up 11.2%, or 43c to $4.28.
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FORG | Hot Stocks09:47 EDT ForgeRock rises 48.9% - ForgeRock is up 48.9%, or $7.42 to $22.58.
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UBER LYFT | Hot Stocks09:41 EDT Uber, Lyft sink following reports on Department of Labor gig worker proposal - The U.S. Department of Labor is proposing a rule on Tuesday that would make it more difficult for companies to treat workers as independent contractors, which is expected to shake up the business models of the ridesharing, delivery and other industries that rely on "gig workers," according to Reuters as well as other media reports. The DOL proposal would require that workers be considered a company's employees when they are "economically dependent" on the company, which would entitle them to more benefits and legal protections than contractors, Reuters said. In early Tuesday trading amid the reports, Uber (UBER) shares are down 9%, or $2.45, to $25.08 while Lyft (LYFT) shares have sunk a similar 9% to $11.65. Reference Link
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JOBY DAL | Hot Stocks09:33 EDT Joby jumps after Delta Air Lines partnership, investment - Shares of Joby Aviation (JOBY) are moving higher after Delta Air Lines (DAL) announced a "multi-year, multi-market commercial and operational partnership" with Joby to deliver home-to-airport transportation service to Delta customers, beginning in New York and Los Angeles. The companies will work together to integrate a Joby-operated service into Delta's customer-facing channels, providing customers who travel with Delta through New York and Los Angeles the opportunity to reserve a seat for short-range journeys to and from city airports when booking Delta travel. Delta has made an upfront equity investment of $60M in Joby, with the opportunity to expand the total investment up to $200M as the partners achieve milestones on the development and delivery of the service. The partnership will be mutually exclusive across the U.S. and U.K. for five years following commercial launch, with the potential to extend that period. Shares of Joby Aviation are up 9% to $4.21 in morning trading.
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INPX | Hot Stocks09:33 EDT Inpixon reports purchase orders of industrial IoT solutions - Inpixon announced that the company has secured numerous new purchase orders since the beginning of the third quarter of 2022 with leading organizations to implement its Industrial Internet of Things products and services. Contract Updates: Secured a purchase order with one of the largest electronics distributors in the world, whereby Inpixon's IIoT platform and UWB tags are now available for streamlined purchasing through this worldwide channel. Secured a purchase order through Inpixon collaboration partner Schauenburg Systems to implement Inpixon's IIoT solutions for a customer to incorporate real-time location awareness into their collision avoidance systems for increased underground mining safety. Secured a purchase order with a U.S. government agency to expand the use of Inpixon's wireless device detection and security applications for enhanced security of facilities. Secured purchase orders for additional solutions in three countries with a leading global energy products and services company, to implement Inpixon's IIoT products for asset tracking and to enhance business operations. This customer will also begin a pilot program utilizing Inpixon-provided BLE mesh network technology to track high-value assets within a large manufacturing site. Secured additional purchase orders with a national health organization related to their existing implementation of Inpixon's IIoT applications which aid in locating staff and creating a safer work environment. Inpixon's solutions are deployed in areas that support and control building systems. Secured additional purchase orders with multiple, large mining-equipment manufacturers for RTLS components for their collision avoidance and proximity awareness solutions to optimize mining operations and improve worker safety.
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KSCP | Hot Stocks09:32 EDT Knightscope to acquire Case Emergency Systems - Knightscope announced the signing of a definitive agreement to acquire Case Emergency Systems and to close on the transaction during October. The acquisition is planned to boost the company's revenues while increasing its impact on the safety of communities nationwide. The acquisition is planned to contribute to Knightscope's sales strategy, given Case's relationships with numerous key clients, including major airports, top law enforcement agencies, universities, municipalities, rail, healthcare, parks, and the U.S. Federal Government. The Case transaction is structured as an asset purchase. In connection with the acquisition, Knightscope entered into a convertible notes offering with an accredited investor, generating cash proceeds to fund a majority of the acquisition, with such notes having an initial conversion price of $5.00 per share, subject to adjustment in the case of certain dilutive issuances and other events.
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MGM GMVHF | Hot Stocks09:32 EDT BetMGM becomes official sports betting partner of Cincinnati Reds - BetMGM announced the company now is an Official Sports Betting Partner of the Cincinnati Reds. The new relationship strengthens BetMGM's presence in Ohio ahead of the state's scheduled launch of legalized sports betting on January 1, 2023. The multi-year agreement includes plans to open a retail BetMGM Sportsbook at Great American Ball Park. The BetMGM Sportsbook will be in the space currently serving as the Machine Room restaurant on the northeast side of Great American Ball Park. It will only be accessible from outside the ticketed areas of the ballpark via the arena plaza level entrance. The new venue will allow fans to watch and wager on games all year long.
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COIN | Hot Stocks09:30 EDT Coinbase reports regulatory approval in Singapore - In a post to the Coinbase blog dated October 10, Nana Murugesan wrote: "We are excited to announce that we have received our In-Principle Approval (IPA) as a Major Payments Institution licence holder from the Monetary Authority of Singapore (MAS). This licencewill allow us to offer regulated Digital Payment Token products and services in the island state. We are also excited to confirm that our CEO and Co-founder, Brian Armstrong will be taking the stage at Singapore Fintech Festival on November 4th, in a fireside chat with Sopnendu Mohanty, the Chief Fintech Officer at MAS." Reference Link
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HON TSCO | Hot Stocks09:29 EDT Honeywell provides Tractor Supply with technology to streamline operations - Honeywell (HON) announced that Tractor Supply Company (TSCO) has deployed Honeywell technology to streamline operations for their Team Members and offer customers a convenient, end-to-end omnichannel experience. By arming its store Team Members with Honeywell's CT40XP mobile computer and Operational Intelligence Professional cloud-based software across its more than 2,000 stores, Tractor Supply has increased adoption and productivity, and empowered them to spend more time building relationships with customers - a signature marquee for the small box rural lifestyle retailer. From receiving and fulfilling an online order, to notifying a customer when it's ready for pickup, to processing payment wherever the customer may be, the rural lifestyle retailer now offers a fast, convenient and seamless experience for Team Members and customers alike. "We are empowering our Team Members and making their jobs easier so that they can better serve the Life Out Here customer with the solutions they need in a convenient way. This requires a technology platform that works as hard as they do," said Robert Mills, Executive Vice President, Chief Technology, Digital Commerce and Strategy Officer at Tractor Supply. "The Honeywell mobile devices have longer battery life, enhanced durability, long-range scanning for inventory, contactless payment for POS transactions and retail apps to enhance productivity. These enhancements came at a critical time, helping us innovate and lead the retail industry in cutting edge solutions that have helped us maintain our momentum in a very challenging retail environment."
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PB | Hot Stocks09:28 EDT Prosperity Bancshares to acquire First Bancshares of Texas - Prosperity Bancshares, the parent company of Prosperity Bank, and First Bancshares of Texas,, the parent holding company of FirstCapital Bank of Texas, jointly announced the signing of a definitive merger agreement pursuant to which Prosperity will acquire First Bancshares and FirstCapital Bank. FirstCapital Bank operates sixteen banking offices in six different markets in West, North and Central Texas areas, including its main office in Midland, and banking offices in Midland, Lubbock, Amarillo, Wichita Falls, Burkburnett, Byers, Henrietta, Dallas, Horseshoe Bay, Marble Falls and Fredericksburg, Texas. As of June 30, 2022, First Bancshares, on a consolidated basis, reported total assets of $2.121 billion, total loans of $1.589 billion and total deposits of $1.781 billion. Under the terms of the definitive agreement, Prosperity will issue 3,583,370 shares of Prosperity common stock plus $93.4 million in cash for all outstanding shares of First Bancshares capital stock, subject to certain conditions and potential adjustments. Based on Prosperity's closing price of $69.27 on October 7, 2022, the total consideration was valued at approximately $341.6 million. As part of the transaction, Ken Burgess, Brad Burgess, Greg Burgess and Jeremy Bishop will join Prosperity Bank as Regional Presidents overseeing specific geographic markets in Prosperity's West Texas and Central Texas areas. Other members of FirstCapital management will maintain leadership roles in Texas markets.
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ISUN | Hot Stocks09:27 EDT iSun executes $3M contract in Maryland - iSun announced the execution of a contract totaling 3.2 MW and $3M in Maryland establishing a presence in the PJM market.
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PALI | Hot Stocks09:27 EDT Palisade Bio CEO Thomas Hallam steps down, JD Finley named interim CEO - Palisade Bio announced an executive leadership transition. Effective October 10, 2022, Thomas Hallam, Ph.D., ceased his duties as CEO. The company's board of directors has appointed JD Finley, current CFO, as interim CEO, and Mr. Finley has assumed the duties of Dr. Hallam effective October 10, 2022. In order to ensure a smooth and timely transition, the company will focus its near-term resources on the internal reorganization. Accordingly, the company will no longer be presenting at the American College of Surgeons Clinical Congress 2022, being held October 16 - 20, 2022.
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CHH | Hot Stocks09:26 EDT Choice Hotels's Cambria Hotels opens first property in Maine - Cambria Hotels, an upscale brand from Choice Hotels International, continues its nationwide expansion with the opening of its first hotel in Maine: the Cambria Hotel Portland Downtown Old Port. Janis Cannon, senior vice president, upscale brands, Choice Hotels, said, "From the start, Cambria's expansion has focused on growth in markets with strong business and leisure demand, and the city of Portland checks all these boxes and more. This makes it the ideal spot to debut the Pine Tree State's first Cambria and we cannot wait to welcome New England travelers to yet another brand-defining property in our growing lineup of Cambria hotels across the Northeast"
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LTUM | Hot Stocks09:24 EDT Lithium Corp. says CSAMT survey commences on San Emidio prospect - Lithium Corporation announced a Controlled Source Audio Frequency Magnetotelluric geophysical survey has commenced on our San Emidio Lithium-in-brine prospect in Washoe County, Nevada. Additionally, our optionee at the North Big Smoky prospect, Morella Corporation, recently completed a CSAMT survey and playa sediment geochemical sampling program on that property. Both geophysical surveys were slated to start in November but the contractor, KLM Geoscience, was able to move up the schedule. Under the terms of the North Big Smoky option agreement, Morella may earn a 60% interest in the NBS Project over a four-year period by conducting exploration and incurring expenditures relating to exploration and assessments, including associated resource and feasibility studies on the Project. The Expenditure Requirement is to be no less than $1,000,000 in aggregate over the four-year period.
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ATNX | Hot Stocks09:22 EDT Athenex files definitive proxy statement for special meeting of stockholders - Athenex announced that it has filed a definitive proxy statement with the SEC in connection with a special meeting of stockholders scheduled on November 22. The Special Meeting is being held to vote on three matters, including to effect an increase in the total number of authorized shares of common stock of the Company, to effect a reverse stock split of the issued and outstanding shares of common stock, and to increase the number of shares available for issuance under the Company's 2017 Omnibus Incentive Plan. The Company's board of directors has recommended that stockholders vote their shares "FOR" each of the proposals presented at the Special Meeting.
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MVIS | Hot Stocks09:22 EDT MicroVision commences delivery on sales of MAVIN DR lidar samples - MicroVision announced achievement of another important milestone as it begins delivering samples of its MAVIN DR dynamic view lidar system, fulfilling sales to OEMs and Tier 1 suppliers. MAVIN DR, MicroVision's lidar sensor featuring a dynamic field of view, is now available worldwide for sample sales to OEMs, Tier 1s, and other potential customers. MAVIN delivers high resolution at all ranges and with low latency, enabling new ADAS safety features to achieve true highway-pilot functionality that OEMs demand.
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HLBZ | Hot Stocks09:21 EDT Helbiz expands partnership with urban mobility app Moovit - Helbiz is expanding its partnership with Moovit, creator of the popular urban mobility app, to display geo-targeted proximity banners to Moovit users near Helbiz's electric vehicles. Moovit users in Washington, DC and several Italian cities including Rome, Milan, and Turin can take advantage of this new feature to quickly and conveniently locate and access Helbiz vehicles for a smoother journey. Moovit users planning public and shared transportation trips in Washington, DC and the several Italian cities, will now see a banner displayed across the bottom of several Moovit screens, including the Home, Suggested Routes, and Stations screens. The banner displays the distance to the nearest available Helbiz electric vehicle. Once Moovit is launched, users can tap the banner to quickly begin the process of renting the scooter and activating the ride, or users can enter their destination to view a list of Suggested Routes to reach their destination using public transport and micro-mobility services "The path to success for micro-mobility and a greener future is to create a truly multi-modal transportation system," said Helbiz Chief Marketing Officer Ruggero Cipriani. "This collaboration with Moovit will allow riders to integrate Helbiz into their daily needs. By knowing where the nearest electric vehicle is, they can use our service to get to or from public transportation stations or hubs. This saves them valuable time and negates the need for cars."
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CXDO | Hot Stocks09:21 EDT Crexendo announces record attendance at 2022 User Group Meeting - Crexendo announced that it has completed the 12th annual Crexendo powered NetSapiens User Group meeting. The meeting took place at the JW Marriott Turnberry Resort and Spa, Miami Florida October 2nd through 6th. The User Group Meeting is an annual event that brings together the Crexendo powered by NetSapiens team, with NetSapiens platform licensees. This year's event had a record attendance of over 350 including partners from the United States, Canada, Europe and Australia. The conference included intensive sales and engineering workshops, best of class practices and programs, and updates on improvements and enhancements to the NetSapiens platform. The UGM focused on education and growth but also had time in the evening for great socialization, including a yacht trip as well as attending a Miami Marlins game where our COO Doug Gaylor got to throw out the first pitch.
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BLNK | Hot Stocks09:20 EDT Blink Charging launches its Blink Network - Blink Charging announced the launch of its entirely rebuilt Blink Network with market-leading architecture and responsiveness capable of meeting the needs of the Company as it continues to expand globally. In addition, Blink has announced the launch of its new Blink Charging Mobile App, also completely redesigned to boast a user-centric design and experience, providing more information to EV drivers in real time. The new Blink Charging mobile app has been created to meet the needs of the more than 6.6 million EV drivers around the world, whether charging in the United States, Europe, or any of the growing number of 25+ countries in which Blink operates. Both innovative software platforms have been built on industry-leading architecture to provide an intuitive, seamless, and convenient charging experience built upon a reliable, flexible, and responsive platform. The new updates require current EV drivers to download the Blink Charging Mobile App in order to take advantage of the new functionality it provides. The Blink Charging Mobile App is available for download for both IOS and Google devices by visiting Blink, Apple or Google websites.
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BWV | Hot Stocks09:19 EDT Blue Water to research ability of BWV-201 for acute otitis prevention - Blue Water Vaccines announced plans to investigate the ability of BWV-201, a Streptococcus pneumoniae vaccine candidate for acute otitis media, or AOM, prevention, to also protect against non-invasive pneumococcal pneumonia at the World Vaccine Congress in Barcelona. While Streptococcus pneumoniae is commonly found in the nose and throat of healthy individuals, overgrowth and spread of the bacteria can result in pneumococcal disease. Non-invasive forms of pneumococcal disease include AOM, sinusitis, and pneumococcal pneumonia, while invasive forms include bacteremia, sepsis, and pneumococcal meningitis. BWV's new development plan aims to assess the efficacy of BWV-201 in protecting individuals against non-invasive pneumococcal pneumonia.
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LPLA | Hot Stocks09:19 EDT The Albany Group launches with support of LPL Strategic Wealth Services - LPL Financial announced that financial advisors Beau Jones, Chris Story, Taylor Roberts and Joseph Montgomery have launched a new independent practice, The Albany Group, through affiliation with LPL Strategic Wealth Services, a modern breakaway solution for advisors seeking to gain control over their business. They reported having served approximately $375 million in advisory, brokerage and retirement assets, and join LPL from Raymond James and Associates.
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TYL | Hot Stocks09:18 EDT Tyler Technologies announces contract extension with Kansas - Tyler Technologies announced that the state of Kansas has extended its contract for Tyler's digital government and payments services. The two-year extension builds upon the existing 31-year relationship with Tyler's subsidiary, NIC.
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APO | Hot Stocks09:17 EDT Circulus announces $300M structured solution from Apollo Infrastructure - Circulus Holdings and Apollo announced that funds managed by Apollo affiliates have agreed to commit up to $300 million to an innovative structured solution in the form of a senior, secured loan to support the company's ongoing development of recycling infrastructure. Circulus is a portfolio company of Ara Partners, a private equity firm specializing in industrial decarbonization investments.
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ILMN AZN | Hot Stocks09:17 EDT Illumina launches strategic research collaboration with AstraZeneca - Illumina (ILMN) announced a strategic research collaboration with AstraZeneca (AZN) to accelerate drug target discovery by combining their strengths in artificial intelligence (AI) based genome interpretation and genomic analysis techniques along with industry expertise. The collaboration will evaluate whether a combined framework of these technologies can increase the yield and confidence of target discovery to find promising drugs based on human omics insights. "Illumina and AstraZeneca are uniquely positioned to improve the efficiency of pharma pipelines by leveraging industry-leading abilities to identify genetic variants that contribute to human disease," said Joydeep Goswami, chief strategy and corporate development officer, interim chief financial officer at Illumina. "By identifying genes that show evidence of human disease causality, the combined framework has the potential to prioritize drug candidates with increased likelihood of approval." The collaboration leverages Illumina's next generation of AI-based interpretation tools, PrimateAI and SpliceAI, in combination with AstraZeneca's analysis framework for rare variant genomic discoveries-alongside the latter's own AI tools, including JARVIS and in silico predictors like missense tolerance ratio.
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MDLZ | Hot Stocks09:17 EDT Mondelez celebrates 130th anniversary of its mill in Toledo, Ohio - Mondelez International,marked the 130th anniversary of its Biscuit Flour Mill in Toledo, Ohio with a ceremony and day-long celebration on Saturday, October 8, which included local employees, local and state elected officials, and other honored guests from the Company and the local community. The Company's Toledo Flour Mill is the largest dedicated soft-wheat mill in North America with one of the largest grain storage capacities at 5.5 million bushels of wheat.
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SKT | Hot Stocks09:16 EDT Tanger Factory board increases annual dividend 10% to 88c per share - Tanger Factory Outlet announced that its Board of Directors approved a 10% increase in the annual dividend on its common shares from $0.80 per share to $0.88 per share. Simultaneously, the Board of Directors declared a quarterly cash dividend of $0.22 per share, payable on November 15, 2022 to common shareholders of record on October 31, 2022.
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BGXX | Hot Stocks09:16 EDT Bright Green adds five members to scientific advisory - Bright Green Corporation announced that it has expanded its Scientific Advisory Board. The newly appointed members of Bright Green's SAB are: Colin Stott, Chairman of the Scientific Advisory Board. Colin Stott is currently Chief Operating Officer at Alterola Biotech. Guy Webber; Guy Webber is the founder of DMPK Services, a consultancy focused on pre-clinical Investigational New Drug applications. Dominic Schiller; He is the founder and CEO of Equipped 4 Holdings Limited, the parent company of Equipped 4 Limited, an Intellectual Property law practice specializing in building patent portfolios for biotech companies. Tamas Biro; Tamas Biro, MD, PhD, DSc and Professor of Physiology, Neurobiology, and Immunology, is a renowned academic and researcher with over 20 years of experience in academia. Brian Thomas; Brian Thomas, PhD, is a former medical researcher with over 28 years of experience as a Principal Investigator on National Institute on Drug Abuse research contracts at Research Triangle Institute and the University of Mississippi.
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ASTR MAXR | Hot Stocks09:16 EDT Astra Space reaches spacecraft engine supply agreement with Maxar Technologies - Astra Space (ASTR) announced that it has reached an agreement with Maxar Technologies (MAXR) to supply Astra Spacecraft Engines. The propulsion systems will be used in Maxar's proliferated low Earth orbit, or LEO, spacecrafts, which support a wide variety of global coverage missions, including Earth observation, communications and national security. Astra expects to begin delivery of its spacecraft engines in 2023.
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UIS | Hot Stocks09:15 EDT Unisys announces partnership with ReadyWorks - ReadyWorks announced a partnership with Unisys Corporation through which the companies will deliver digital workplace solutions along with cloud, applications and infrastructure solutions. Unisys brings its deep expertise in delivering digital workplace solutions and hybrid and multi-cloud solutions to the partnership, providing a holistic and efficient cloud experience for organizations. This partnership is aimed to help companies achieve digital transformation goals faster while reducing risk and cost. Unisys uses the ReadyWorks platform to provide an accurate real-time view of organizations' IT estate, automate and orchestrate human and system workflows and improve program transparency with an immediate view of program status.
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CLSK... | Hot Stocks09:15 EDT CleanSpark completes acquisition of Mawson Infrastructure's facility in Georgia - CleanSpark (CLSK) announced it has completed the acquisition of Mawson Infrastructure Group Inc.'s (MIGI) bitcoin mining facility in Sandersville, Georgia, effective October 8. The acquisition includes nearly 6,500 miners, or about 560 petahashes per second, or PH/s. Mawson's former staff at the site have transitioned to CleanSpark's team. The Sandersville site is CleanSpark's fourth campus in Georgia, with other locations in College Park, Norcross, and Washington. The company co-locates machines in Massena, NY, and has co-location agreements with Lancium in West Texas, slated to start hashing in 2023. Including Sandersville, CleanSpark operates about 220 MW of bitcoin miners with a hashrate of over 4.7 EH/s. CleanSpark draws power predominantly from low-carbon sources, such as nuclear energy, and boasts a clean energy profile that is over 90% non-carbon. In accordance with the definitive agreements, Mawson received at closing consideration of approximately $34.3 million, which includes 1,590,175 shares of CleanSpark common stock, subject to certain holdbacks. Mawson may receive an additional $2M in a seller-financed earn-out payable after 60 days post-closing once certain conditions are met. H.C. Wainwright & Co. acted as financial advisor to CleanSpark. Baker Donelson and Katten Muchin Rosenman served as legal counsel for CleanSpark in connection with the transaction.
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AEHL | Hot Stocks09:14 EDT Antelope Enterprise receives deficiency letter from NASDAQ - Antelope Enterprise Holdings announced that on October 10, 2022, it received a deficiency letter from the Listing Qualifications Department of the Nasdaq Stock Market. The deficiency letter advised that for the last 30 consecutive business days the bid price for the Company's common stock had closed below the minimum $1.00 per share requirement for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The deficiency letter does not result in the immediate delisting of the Company's common stock from the Nasdaq Capital Market.
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WBA | Hot Stocks09:13 EDT Walgreens Boots Alliance to acquire remaining CareCentrix stake for $392M - Walgreens Boots Alliance announced the acceleration of its plans to acquire full ownership of CareCentrix, expanding its reach into the growing homecare sector and advancing its healthcare long-term growth strategy. WBA has entered into a definitive agreement to acquire the remaining 45% stake for approximately $392M, which is based on the exit multiple agreed to at the time of WBA's initial majority investment announcement in CareCentrix. WBA's full acquisition of CareCentrix follows WBA's 55% majority investment in the company, which closed on August 31. The full acquisition is subject to limited customary closing conditions and is expected to close by March 2023. In WBA's fiscal year 2021, CareCentrix delivered pro forma sales of $1.5B. The company will continue as a distinct business and brand within Walgreens following the full acquisition. Additionally, John Driscoll will assume a new role as executive vice president and president, U.S. Healthcare at WBA, including Walgreens Health, later this month.
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SINT | Hot Stocks09:12 EDT Sintx Technologies receives order for silicon nitride components - SINTX Technologies announced that it has received a production order for silicon nitride components in a critical commercial jet application from a global aerospace manufacturer. The receipt of the order follows a lengthy qualification period which included assessment of SINTX's Operational and Quality Management Systems as well as evaluation of prototypes manufactured by SINTX. Due to its rare combination of high strength, high oxidation resistance, low dielectric constant, and low dielectric loss, SINTX's STX-100 silicon nitride is a superior material choice for components that need a radio frequency, or RF, transparent material that is durable at varying temperatures and speeds.
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PYPL | Hot Stocks09:12 EDT PayPal launches all-in-one POS solution for small businesses in the U.S. - PayPal announced the rollout of the PayPal Zettle Terminal to small businesses in the U.S. following its launch in European markets last year. Terminal is an all-in-one point-of-sale solution that offers increased mobility in-store for small businesses. Terminal is ready to go right out of the box, with no need for a second device to pair it with. Terminal comes with a pre-loaded SIM card, and its combined Wi-Fi and cellular connectivity means that small businesses are no longer dependent on fixed checkout points, making the checkout completely mobile. "We're excited to roll out Terminal - our all-in-one, mobile point-of-sale solution - to small businesses in the U.S. so they can meet their customers wherever they are, more effectively compete, and grow," said Ed Hallett, Senior Director, SMB Solutions, PayPal. "With Terminal, we will help SMBs sell seamlessly in person, bring flexibility to the checkout process, and enable businesses to offer their customers choice when it comes to how they want to pay."
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PB | Hot Stocks09:11 EDT Prosperity Bancshares to acquire Lone Star State Bancshares - Prosperity Bancshares, the parent company of Prosperity Bank, and Lone Star State Bancshares, the parent company of Lone Star State Bank of West Texas, jointly announced the signing of a definitive merger agreement pursuant to which Prosperity will acquire Lone Star and Lone Star Bank. Lone Star Bank operates five banking offices in the West Texas area, including its main office in Lubbock, and one banking center in each of Brownfield, Midland, Odessa and Big Spring, Texas. As of June 30, 2022, Lone Star, on a consolidated basis, reported total assets of $1.305 billion, total loans of $933.5 million and total deposits of $1.174 billion. Under the terms of the definitive agreement, Prosperity will issue 2,376,182 shares of Prosperity common stock plus $64.1 million in cash for all outstanding shares of Lone Star capital stock, subject to certain conditions and potential adjustments. Based on Prosperity's closing price of $69.27 on October 7, 2022, the total consideration was valued at approximately $228.7 million. Alan Lackey, Lone Star Chief Executive Officer, will join Prosperity Bank as West Texas Area President and Melisa Roberts, Lone Star Chief Lending Officer, will join Prosperity Bank as West Texas Area Vice President. Additional members of Lone Star management will maintain leadership roles in the combined organization.
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NXTP | Hot Stocks09:11 EDT NextPlay's NextBank secures $200M revolving credit line facility - NextPlay Technologies announced that NextBank International has signed a Loan and Security Agreement with Savi Capital Partners, a Delaware Limited Liability Company, for a $200,000,000 revolving line of credit facility with maturity set for May 31, 2027. Proceeds drawn from the revolving line of credit facility by NextBank will be used to fund loans secured by domestic US commercial real estate properties in accordance with underwriting guidelines established by NextBank. These loans will generate interest spread and fee income, increasing the bank's loan portfolio, and are expected to favorably impact revenues and cashflows at the bank.
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SEIC | Hot Stocks09:11 EDT SEI Investments aligns asset management business to accelerate growth - SEI announced the global alignment of its asset management businesses and related units, which will be led by Executive Vice President Wayne Withrow, to capitalize on market opportunities and accelerate the company's next chapter of growth. The new structure is designed to strengthen SEI's offerings and deepen relationships, helping clients build brave futures. Withrow said: "The future of asset management requires a complete experience tailored to investors' evolving needs. By bringing together the breadth of our capabilities and depth of our asset management expertise globally, we provide our clients the combined power of investment solutions, interconnected technology, and data intelligence. This complete-and personalized-experience helps them manage uncertainty, connect to what matters most, and make confident decisions for the future."
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MBOT | Hot Stocks09:11 EDT Microbot Medical suspends research and development of its Self-Cleaning Shunt - Microbot Medical has announced that, following the recent acquisition of the endovascular assets of Nitiloop along with other significant developments regarding the LIBERTY Robotic System, including the commencement of its GLP animal trial, the rising interest in the LIBERTY Robotic System by global Key Opinion Leaders, or KOLs, joining its Scientific Advisory Board, or SAB, and anticipated regulatory milestones, including initiation of its First-in-Human, or FIH, trial, it has made the strategic decision to suspend the continued research and development of its Self-Cleaning Shunt, SCS, project, effective immediately. The Company is planning to focus its strategic efforts on the growing endovascular space and advancing the LIBERTY Robotic System to achieve its regulatory and commercial milestones, as well as expanding the LIBERTY ecosystem. The SCS generally performed as expected during testing, both internally and externally, and the Company believes it continues to have potential clinical value as evidenced by the pre-clinical data submitted to the FDA, which allowed the Company to successfully apply for the Early Feasibility Study program administered by the FDA. However, the conflicting commercialization pathways between LIBERTY and the SCS due to different hospital call points, and the anticipated lengthier regulatory process of the SCS, led the Company to believe that focusing its strategic efforts on the LIBERTY Robotic System will provide the Company with a greater opportunity for success and future growth.
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RICK | Hot Stocks09:09 EDT RCI Hospitality reports fourth quarter club, restaurant sales, share buybacks - RCI Hospitality Holdings reported sales for its Nightclubs and Bombshells restaurants of $70M for the fiscal fourth quarter ended September 30, 2022, a 28.8% year-over-year increase. Sales do not include non-core operations and are preliminary and subject to final closing. Full 4Q22 and FY22 financial results are expected by December 14. Eric Langan, President & CEO of RCI, said: "Fourth quarter Nightclub sales benefited from same-store growth and acquisitions. Bombshells had a soft July, but sales improved through the quarter and were up 7.4% year-over-year in September. Altogether, total club and restaurant sales nearly rivaled our strong 3Q22 performance even though the fourth quarter is typically our weakest. As sales return to traditional seasonal patterns, we look forward to a strong 1Q23." RCI also announced it bought back 54,473 shares for $3.0 million in 4Q22 and ended FY22 with approximately $35.6 million cash and cash equivalents after making the share repurchases as well as $12.6 million in 4Q22 payments to acquire clubs and property for new Bombshells locations.
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ZIMV | Hot Stocks09:09 EDT ZimVie announces recent launch of Virage Navigation System - ZimVie announced the recent launch of the Virage Navigation System, an Occipital-Cervico-Thoracic spinal fixation system featuring the innovative 360 degrees Omnidirectional Extreme-Angle Screw. The Virage Navigation System simplifies rod alignment and minimizes operating time, with screws allowing for 112 degrees of conical range of motion and facilitating optimal screw placement.The enhancement of the Virage system makes it compatible with commercially available navigation systems and allows the navigation of bone preparation instruments and polyaxial screws in the spine. Virage Navigation complements the previously released Vital Navigation System for the thoracolumbar spine, advancing ZimVie's overall navigation compatibility offering and demonstrating the company's commitment to continuous innovation within its core spine portfolio.
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GVP | Hot Stocks09:08 EDT GSE Systems announces newly expanded service offerings - GSE Systems announced it has begun to offer newly expanded service offerings specifically for nuclear power plant life extension services. The new services will leverage GSE's current resources and strategic industry alliances throughout the robust life extension and license submittal process, which often requires significant code and engineering programs experience, aging analysis expertise, probabilistic risk assessment, and coordination with plant personnel and resources. "GSE Engineering Services, Programs & Performance has been a trusted name in nuclear power plant programs for over two decades, which makes offering license renewal and life extension services a natural fit," Don Horn, President, GSE Engineering Services. "Our experts are experienced in keeping nuclear plants running optimally while being mindful of regulatory constraints and commitments. These are important, value-added services that our clients are demanding, especially with many applying or will be applying for life extensions in the near future."
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GTLB... | Hot Stocks09:07 EDT GitLab launches Cloud Seed in partnership with Google - GitLab announced the launch of Cloud Seed in partnership with Google (GOOG;GOOGL) Cloud. Cloud Seed is a new capability within GitLab that simplifies the developer experience for procuring and consuming cloud services. Cloud Seed allows GitLab and Google Cloud customers to migrate to the cloud using a single platform, consolidating their tech stack without slowing down their cloud adoption process. GitLab's 2022 DevSecOps Survey found that cloud adoption remains a high priority for organizations, and it is the second highest investment area for DevOps teams. Cloud Seed will enable organizations to undergo a cloud transformation, ultimately allowing them to scale at the speed of the market. Integrating Google Cloud into the GitLab product ensures that organizations can more easily reach cloud adoption targets and access the full power of hyperscalers.
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REAL | Hot Stocks09:06 EDT RealReal adds rare Magic: The Gathering trading cards to assortment - The RealReal announced that it has added six of Magic: The Gathering's Power 9, including the rarest and most valuable trading card in tabletop game history, the 1993 Beta Black Lotus, Chris Rush Artist Proof, priced at $750,000. The entire assortment, including the 1993 Alpha Mox Pearl, 1993 Alpha Mox Sapphire, 1993 Alpha Ancestral Recall, 1993 Alpha Time Walk and 1993 Alpha Timetwister, is collectively valued at $845K and is available on TRR's marketplace beginning today.
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HRZN | Hot Stocks09:06 EDT Horizon Technology provides $30M of growth capital to Kodiak Robotics - Horizon Technology Finance announced it has provided $30M to Kodiak Robotics in the form of a growth capital credit facility. "Kodiak is on the forefront of autonomous driving for commercial vehicles, providing innovative freight solutions which can fundamentally change supply chains for the better," said Gerald Michaud, President of Horizon. "We are excited to support Kodiak as it further expands its suite of solutions and revolutionizes how we think about the future of freight transport."
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SNX | Hot Stocks09:06 EDT TD Synnex, University of South Florida create sustainability partnership - TD SYNNEX announced a partnership with the University of South Florida Patel College of Global Sustainability. This partnership is part of TD SYNNEX's expanding environmental, social and governance efforts, and it allows for the USF student community to engage in a sustainability project in collaboration with TD SYNNEX as part of a broader USF educational program on sustainability activities. "TD SYNNEX is a proud supporter of our local community, and we are excited about our partnership with USF, which is a reflection of our commitment to corporate sustainability and enhancing the community around us," commented Adam Rutstein, Director of Global Corporate Responsibility, TD SYNNEX. "We have been working closely with the USF team to create a mutually beneficial program that is dedicated to increasing sustainability KPI data processes, and that is engaging and captivating for both students and the TD SYNNEX team."
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VRSK | Hot Stocks09:06 EDT Verisk Analytics introduces Building Identification Numbering System - Many insurers and reinsurers face challenges when assessing property risks for multiple buildings and units that share a common address. To solve this problem and simplify underwriting and portfolio management processes, Verisk has introduced BINS, which utilizes geospatial data and proprietary technology to create an inventory of commercial and residential structures. Leveraging a database of more than 125 million structures covering all 50 U.S. states, BINS enables insurers and reinsurers to identify whether the address they're evaluating represents a building, a unit in a building, or a collection of buildings.
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AWRE | Hot Stocks09:05 EDT Aware to move corporate headquarters to Burlington, Massachusetts - Aware is announcing its corporate headquarters has moved to Burlington, Massachusetts to align more closely with business and environmental needs. Aware had been using a limited amount of the available space in their previous Bedford, MA headquarters, and after nearly 30 years there, saw an opportunity to decrease their square footage and environmental impact. The Burlington office has also been specifically designed to foster increased collaboration and innovation amongst employees. Additionally, the space will leverage Aware's newest innovations, including a cloud-based, biometrics-enabled access security system ensuring a highly safe and secure working environment. The company is now operating at 76 Blanchard Road in Burlington, its first office move since 1998.
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FICO | Hot Stocks09:05 EDT FICO announces new $500M stock repurchase program - FICO announced that its Board of Directors has approved a stock repurchase program to acquire up to $500 million of the company's outstanding common stock. This new program was approved following completion of FICO's previous stock repurchase program, which was in effect from January 2022 through October 2022. The new stock repurchase program, which is open-ended, allows the company to repurchase its shares from time to time in the open market and in negotiated transactions.
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NVEI | Hot Stocks09:05 EDT Nuvei launches Nuvei Simply Connect interface - Nuvei announces the launch of Nuvei Simply Connect, a ready-to-use, fully customizable payments interface designed to help businesses accelerate their growth.
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JAKK SNAP | Hot Stocks09:04 EDT Disguise, Snap launch AR shopping experience for Halloween costumes - Disguise Inc., subsidiary of Jakks Pacific (JAKK), with Snap (SNAP) announced the launch of an AR shopping experience for Halloween costumes on Snapchat featuring Disguise's 2022 line. Snapchatters can try-on, share with friends, and buy costumes of their favorite characters from the world's hottest brands and franchises.
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AVGO | Hot Stocks09:04 EDT Broadcom and Arista launch networking solution optimized for RDMA - Broadcom announced the availability of the industry's first open end-to-end networking solution optimized for Remote Direct Memory Access, or RDMA, over Converged Ethernet. Hyperscaler and enterprise data center operators can now deploy fully optimized systems, connected by Broadcom, using open-standard RDMA. Jointly integrated by Ethernet market leaders Broadcom and Arista, this end-to-end solution features Broadcom's Ethernet NIC and switch technology. The Broadcom and Arista RoCE solution simplifies the deployment of RoCE in the data center, by utilizing an end-to-end open congestion control algorithm to deliver the industry's lowest latency at scale.
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TER NTGR | Hot Stocks09:03 EDT Netgear selects LitePoint for next generation Wi-Fi 7products - LitePoint announced that NETGEAR has selected the LitePoint IQxel-MX test platform to accelerate design verification and optimization of its next generation Wi-Fi 7 solutions.
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AMV | Hot Stocks09:02 EDT Atlis Motor Vehicles awarded order for 270 1.5MW charging stations - Atlis Motor Vehicles announces an expanded order from Australia-based AUSEV for 270 of the Company's 1.5 MW charging stations to support AUSEV's original order of 19,000 XT all electric pickup trucks signed on August 2. Once fulfilled, the chargers will be independently distributed throughout territories in Australia where the XT vehicles will be deployed. The parties intend to explore the potential for local battery cell production in Australia.
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TENB | Hot Stocks09:02 EDT Tenable Holdings announces creation of Tenable Research Alliance Program - Tenable announced the creation of its new Tenable Research Alliance Program to share vulnerability information prior to public disclosure. This new intelligence sharing initiative aims to reduce the window of opportunity threat actors have to exploit newly-disclosed vulnerabilities, allowing security teams and system administrators to address attack paths before hackers can take advantage. AlmaLinux, Canonical, CIQ, GreyNoise and TuxCare are the five inaugural members of this growing network.
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ARMZF | Hot Stocks08:55 EDT Aura Minerals reports Q3 production of 58,175 GEO - Total production in GEO increased by 5% when calculated based on current prices and by 8% at constant prices relative to Q2 2022. Aranzazu concentrate production increased 6% relative to Q2 2022 as a result of consistently high production rates above 100,000 tons per month and achieving a quarterly record of 104,400 tons monthly average of material processed at the plant. Production on a GEO basis was impacted by lower copper prices in the quarter. At EPP, the mine operation focused on phase II of the Ernesto pit resulting in higher grades. The Company expects that this will drive significantly higher production in Q4 2022. For Q3 2022, the Company also focused on blending mid/low grade material in order to reduce inventory, thus optimizing cashflows. Production was slightly better than management's expectations, achieving close to 18,000 oz of gold; production ramped up in September 2022, achieving 8,378 ounces. Aura expects EPP to deliver strong production in Q4 2022. Production at San Andres was below management's expectations. In July of 2022, Aura engaged a new contractor for mine operations, which is expected to increase production levels and drive down cash costs in the coming quarters. During Q3 2022, heavy rains, above the historical average for the quarter, and lower productivity levels as result of the negotiations and transition to a new mine contractor, had a negative impact on production. Aura expects San Andres production levels to increase in Q4 2022. Rodrigo Barbosa, the Company's President and CEO, noted, "Despite the weather, lower copper prices and lower productivity in Honduras, this quarter we increased our production by 5% compared to Q2 2022. We look forward to strengthening our output across all three operations as we move into the fourth quarter, particularly at EPP with higher grades and San Andres where operational efficiencies are expected to take effect."
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GDYN | Hot Stocks08:54 EDT Grid Dynamics announces launch of Modern Application Development practice - Grid Dynamics announced the launch of its Modern Application Development practice encompassing four components: Cloud & Devops, Cybersecurity, QA Automation and Custom Development services. This new practice will align with the company's contemporary approaches for building enterprise applications. Grid Dynamics has a strong track record in digital technology engineering, having developed and supported highly complex solutions for Fortune 1000 companies across various industries including manufacturing, finance, insurance, retail, high-tech, telecom, and healthcare. With its new Modern Application Development practice, the company demonstrates a stronger emphasis on advancing its services and capabilities in this area. Grid Dynamics has appointed industry veteran Charles Tsocanos as Vice President, Modern Application Development. With expertise in cloud and security technology strategy, having held leadership roles for companies like IBM and Accenture, Tsocanos will continue to broaden Modern Application Development capabilities at Grid Dynamics. The addition of Tsocanos to Grid Dynamics' technology leadership team, as the head of our Modern Application Development practice, brings an integrated approach where cybersecurity and cloud are intrinsic to all enterprise-scale digital platforms.
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SP | Hot Stocks08:53 EDT SP Plus acquires K M P Associates, terms not disclosed - SP Plus Corporation announced that it acquired K M P Associates Limited, "KMP", a software and technology provider serving aviation and commercial parking clients throughout the United States and Europe. Headquartered outside Manchester, United Kingdom, KMP's industry-leading SaaS platform is currently deployed at over 35 airports in the U.S. and Europe and over 100 commercial parking locations in Europe. Operating under the AeroParker and MetroParker brands, KMP delivers online booking for parking and other travel services, dynamic pricing, and e-commerce capabilities which are designed to reduce congestion, enable frictionless transactions and provide a first-class consumer experience. In addition, KMP also provides comprehensive digital marketing capabilities through its award-winning digital marketing agency, KMP Digitata.
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DBKSF | Hot Stocks08:52 EDT DigiMax enters strategic partnership with ScanPay - DIGIMAX GLOBAL is pleased to announce its subsidiary Spetz Tech has entered into a strategic partnership agreement with StorePay Inc. to use their leading-edge real-time payment and banking app. Pursuant to the Agreement, ScanPay and Spetz will offer service providers user registration incentives on a mutual basis. ScanPay has an existing user base of service providers in the US that are qualified for Spetz contracting jobs. The companies will work together on various marketing activities to grow their customer base in the US and increase brand awareness.
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BKTI | Hot Stocks08:50 EDT BK Technologies launches InteropONE BKRplay service - BK Technologies Corporation announced the launch of its first BKRplay service, InteropONE, the only PTToC service that enables operational interoperability to first responders through on-demand creation of user groups without requiring network pre-provisioning or gateways. InteropONE, in cooperation with its PTToC platform partner, STREAMWIDE SA, a leading communications software technology provider, facilitates multi-agency incident response and mutual aid in planned or unplanned incidents such as large public events, disaster relief, criminal intelligence, and mass violence, where a lack of communications can slow or hinder the response. Incident command staff can dynamically manage PTToC communications from his/her smartphone, by "inviting" participants to engage in the incident. Invited participants simply need a smartphone with a data subscription to any carrier network. Participants can download the InteropONE application, BKRplay, from the App Store or Google Play stores.
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TNON | Hot Stocks08:49 EDT Tenon Medical announces termination of distribution agreement with SpineSource - Tenon Medical announced the termination of its national distribution agreement with distribution partner, SpineSource, for the Company's Catamaran SI Joint Fusion System. The termination of the exclusive partnership comes following the Company's April Initial Public Offering and supports acceleration of its commercial scale and investment to achieve its revenue growth targets. Due to the evolving nature of the business model, both parties have decided to terminate the current legacy distribution agreement in an effort to move forward in a mutually beneficial manner, as of October 6, 2022. Effective immediately, Tenon has assumed control of all commercial distribution activities. With the full support of SpineSource, Tenon has begun developing its own commercial infrastructure and sales management team that will partner with current independent spine distributors procured by SpineSource to represent the Company's Catamaran SI Joint Fusion System. SpineSource will continue to provide logistical services, sales expertise, and support to Tenon over the next six months to help facilitate a seamless transition.
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XBIO VNRX | Hot Stocks08:48 EDT Xenetic signs patent assignment from CLS Therapeutics - Xenetic Biosciences (XBIO) announced the signing of a patent assignment from CLS Therapeutics to Xenetic related to Xenetic's previously announced collaboration with VolitionRx Limited (VNRX). In consideration of the patent assignment, Xenetic will also issue 850,000 shares of common stock to CLS.
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ORBT | Hot Stocks08:46 EDT Orbit International's Electronics Group receives two orders in excess of $2.35M - Orbit International announced that its Electronics Group received two new orders, both from the same customer, during the first week of October 2022, totaling in excess of $2,350,000. Deliveries for these orders are expected to commence in the first quarter of 2023 and continue through the fourth quarter of 2023.
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AMRS | Hot Stocks08:46 EDT Amyris announces three of its brands expanding in UK, Europe - Amyris announced that three of its consumer brands will be included in Sephora's launch in the United Kingdom, UK. When Sephora launches its UK website on October 17th, three Amyris brands - Biossance, JVN Hair and Rose Inc - will be available on Sephora UK's website. In addition, Biossance and JVN will be available at the flagship brick and mortar store in London, opening March 2023. This expansion of Amyris' brands in the UK is the latest step in its global partnership with Sephora and further evidence of Amyris' growth around the globe. "Amyris consumer brands are delivering some of the best performance in health and beauty and are accelerating on the back of significant consumer demand across the critical global markets for clean, sustainable health and beauty products at an accessible price," said John Melo, President and Chief Executive Officer. "We are executing very well, and our revenue has continued to grow sequentially. Consumers are doubling down on clean beauty. Along with some of the strongest growth across the beauty industry for our ingredients and consumer business, we are making great progress on lowering our costs with "Fit to Win," designed to deliver operational excellence. We are pleased with the closing of our short-term financing that we announced this morning and are set for an excellent finish to 2022."
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ERII | Hot Stocks08:45 EDT Energy Recovery launches PX Q400 Pressure Exchanger - Energy Recovery has announced the launch of the PX Q400 Pressure Exchanger. The PX Q400 is the next evolution of Energy Recovery's trusted and industry-leading PX Pressure Exchanger technology and will be the new flagship solution in the PX family of products.
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NVVE BLBD | Hot Stocks08:45 EDT Nuvve, Blue Bird announce unveiling of eight electric school buses - Nuvve (NVVE) along with Blue Bird (BLBD) announced the unveiling of eight electric, zero-emission school buses powered by DC fast chargers supplied by Nuvve and enabled with Nuvve's GIVe vehicle-to-grid energy aggregation platform. The parties have completed commissioning and interconnection activities with the local electrical infrastructure provided by San Diego Gas & Electric. As a result, the vehicles are qualified to generate revenues for the school district through SDG&E's Emergency Load Reduction Program by selling energy stored in the vehicles' batteries back to the grid during times of high grid stress or emergencies as determined by the California Independent System Operator. This particular program in the Ramona Unified School District represents Blue Bird's largest commercial V2G project for a school district to date. By participating in the ELRP, SDG&E customers such as the Ramona district can receive $2 per kWh, which equates to a potential savings of up to $7,200 per bus per year, for verified export and load reduction.
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XPO | Hot Stocks08:44 EDT XPO Logistics announces launch of RXO's notes offering - XPO Logistics announced that RXO has launched an offering of notes due 2027, subject to market conditions and other customary factors, in connection with the previously announced spin-off of RXO into a separate publicly traded company. The notes will be issued by XPO's wholly owned subsidiary, XPO Escrow Sub, LLC, which will, substantially concurrently with or prior to the consummation of the spin-off, merge with and into RXO, as a result of which the notes will become the direct obligations of RXO.
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TAOP | Hot Stocks08:43 EDT Taoping announces high user engagement level with smart elevator program - Taoping announced the Company has achieved a record high user engagement level with its smart elevator program in Tianjin. The program, which is focused on smart elevator modernization and maintenance, now covers more than 8,000 elevators, reaching an estimated 7% local market share in Tianjin, including residential, office and government buildings. Lin Jianghuai, Chairman and CEO of Taoping, said, "We are very pleased to see the breakthrough progress of our smart elevator program in Tianjin. We have quickly gained an estimated 7% local market share, which we believe can reach 10% to 15% over the coming years. With more and more offices requiring workers return to in-person work, we are seeing an acceleration in demand for smart elevator modernization and maintenance."
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CMC | Hot Stocks08:41 EDT Commercial Metals board increases quarterly dividend 14% to 16c per share - The board of directors of Commercial Metals Company declared a regular quarterly cash dividend of $0.16 per share of CMC common stock, an increase of $0.02, or 14%, from the dividend paid in July 2022. CMC's 232nd consecutive quarterly dividend will be paid on November 10, 2022, to stockholders of record as of the close of business on October 27, 2022.
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ASGOF | Hot Stocks08:41 EDT Asante Gold receives conditional approval to list on TSX Venture Exchange - Asante Gold Corporation announced that it has received conditional approval to list its common shares for trading on the TSX Venture Exchange. Final approval of the listing is subject to the Company fulfilling certain conditions required by the TSXV. The Company's management team is actively working to satisfy such listing conditions. A timeline for the listing will be announced once the Company receives final approval. Upon listing on the TSXV, the Common Shares are expected to continue trading under the symbol "ASE" and in connection with the transition the Company will apply to delist the Common Shares from the Canadian Securities Exchange.
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REBN | Hot Stocks08:41 EDT Reborn Coffee to open five new retail locations in Southern California - Reborn Coffee announced its plans to open five new company-owned retail locations in Southern California, which, once opened, will bring its total count to fourteen. Reborn's new Cabazon store in Riverside County will be located at the Cabazon Outlet, a famous open-air outlet mall serving over 15M shoppers each year. The Cabazon, Huntington Beach and Irvine locations are expected to open in the Q4 of 2022, and the Mission Viejo location is expected to open in the Q1 of 2023.
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SRDX | Hot Stocks08:41 EDT Surmodics announces six-month data from SWING trial - Surmodics announced that six-month data from its SWING first-in-human, or FIH, study of the company's Sundance Sirolimus drug-coated balloon, or DCB, was shared at the Amputation Prevention Symposium, or AMP, in Lugano, Switzerland. The SWING study is a prospective, multi-center, single-arm, feasibility study to evaluate the safety and performance of the Sundance Sirolimus DCB when used to treat occlusive disease of the infra-popliteal arteries. The study's primary safety endpoint data showed no perioperative deaths or major amputations at 30 days and just one major re-intervention was reported among the 35 trial subjects. Data for the primary efficacy endpoint show a Late Lumen Loss of 1.0 mm across 35 lesions at six months, indicating that the large luminal gain achieved immediately after the procedure was sustained six months post-treatment.
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TRHC | Hot Stocks08:40 EDT Tabula Rasa HealthCare adds Ron Mitchell to its board of directors - Tabula Rasa HealthCare announced that Ron Mitchell, co-founder and Chief Executive Officer of Humanity Health, joined TRHC's Board of Directors. Humanity Health is the premier career acceleration and talent sourcing platform for underrepresented leaders in healthcare and life sciences. Mitchell replaces A Gordon Tunstall, who retired from the Board on October 6, 2022 as part of the broader management and Board changes announced on September 14, 2022 and the cooperation agreement that TRHC previously entered into with its largest stockholder, Indaba Capital.
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FLNT GOOG | Hot Stocks08:39 EDT Fluent appoints David Graff and Richard Pfenniger as directors - Fluent (FLNT) announced that the Board of Directors has appointed David A. Graff and Richard C. Pfenniger, Jr. as Directors of the Company. Graff is currently Google's (GOOG) Vice President, Global Policy and Standards, responsible for implementing content and behavioral policy across all Google products. Prior to Google, Graff served as CEO of Online Intelligence, a technology start-up. Previously, Graff was Chief Legal Officer for private equity-backed Edison Schools, Inc. where he managed the company's IPO and served as corporate secretary and securities compliance officer. Graff serves on the Board of Advisors to CapitalG, Google's independent growth fund, consulting on investments and issues related to digital fraud and abuse. In addition, he currently sits on the Board of Visitors for The Georgetown University Law Center. Pfenniger is a private investor with significant executive and operating experience in the life sciences, healthcare, and education fields. Pfenniger served as Chairman of the Board of Directors and President and CEO of Continucare Corporation, a provider of primary care physician services, from 2003 until the company was acquired in 2011. Prior to Continucare, Pfenniger served as CEO and Vice Chairman of Whitman Education Group, as well as an executive officer of IVAX Corporation, serving as its COOand its Senior Vice President, Legal Affairs and General Counsel.
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ANF | Hot Stocks08:39 EDT Hollister launchs Share2Pay payment option - Hollister announced its launch of Share2Pay, a new way to pay on its mobile app. The payment option allows customers to easily share their digital shopping bag with their purchaser, often a parent or grandparent, to complete the purchase.
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DFMTF | Hot Stocks08:38 EDT Defense Metals announces assay results from two core drill holes - Defense Metals announces high-grade Rare Earth Element, REE, assay results from an additional two core drill holes, totalling 717 metres, collared from the same site within the northern area of Defense Metals' 100% owned Wicheeda REE Deposit. Luisa Moreno, President, and Director of Defense Metals stated: "These two core drill holes, in particular WI22-68, once again demonstrate the potential for high REE grades over significant widths within the northern Wicheeda Deposit. Assays for WI22-68 were prioritized based on readily visible, coarse-grained REE mineralization. We look forward to receiving additional assay results of other resource infill drill holes from the northern and central Wicheeda Deposit that appear similar in terms of visually estimated REE mineralization percentage."
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TARS | Hot Stocks08:38 EDT Tarsus chairman Michael Ackermann to transition off board - Tarsus Pharmaceuticals announced several expected upcoming transitions to its Board of Directors by year-end. Tarsus Co-Founder and Chairman, Michael Ackermann, Ph.D., plans to transition off the Board of Directors. Upon Dr. Ackermann's planned transition, Wendy Yarno, industry veteran and current member of the Board, will be appointed Lead Independent Director, and CEO Bobak Azamian, M.D., Ph.D., will assume the role of Chairman.
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UPXI | Hot Stocks08:37 EDT Upexi's ad tech division, Interactive Offers, files new patent - Upexi announced that its SaaS Ad Tech Division, Interactive Offers, has filed a patent for its single click-to-optin technology that has fueled growth and partnerships with large publishers. The competitive landscape and higher advertising costs have forced companies to lower budgets and/or try and find new opportunities. Interactive Offers' unique technology adds value for companies by changing the way advertisers pay for leads. With this new single click-to-optin technology, advertisers will no longer be paying per click or per impression, but will be bidding on a verified lead that has opted in to receive promotions and emails for each advertiser. Upexi CEO Allan Marshall stated, "The response from advertisers and publishers has been positive. This new technology solves a need for us and others. It has been a revenue driver for Interactive Offers and we're now seeing it benefit our portfolio of consumer brands."
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BEAT | Hot Stocks08:36 EDT HeartBeam appoints Peter Fitzgerald as chief medical officer - HeartBeam announced the appointment of Peter Fitzgerald as chief medical officer. In addition to his world-renowned expertise in interventional cardiology, Fitzgerald is an accomplished inventor, entrepreneur, and investment fund founder.
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GILD | Hot Stocks08:36 EDT FDA gives Gilead priority review for Trodelvy sBLA for breast cancer treatment - Gilead Sciences, announced the U.S. Food and Drug Administration has accepted for priority review the supplemental Biologics License Application for Trodelvy or sacituzumab govitecan-hziy,for the treatment of adult patients with unresectable locally advanced or metastatic hormone receptor HR positive, human epidermal growth factor receptor 2or HER2, negative breast cancer who have received endocrine-based therapy and at least two additional systemic therapies in the metastatic setting. The FDA grants priority review for therapies that, if approved, would be significant improvements in the safety or effectiveness of the treatment, diagnosis, or prevention of serious conditions when compared to standard applications. The Prescription Drug User Fee Act target action date is currently set for February 2023. "Trodelvy has already changed the treatment landscape in second-line metastatic triple-negative breast cancer and pre-treated metastatic urothelial cancer, and today's news marks our third supplemental application acceptance within the last two years," said Bill Grossman, MD, PhD, Senior Vice President, Therapeutic Area Head, Gilead Oncology. "People with pre-treated HR+/HER2- metastatic breast cancer who have progressed on endocrine-based therapies and chemotherapy have limited treatment options, and we look forward to working with the FDA to potentially make Trodelvy available to patients who need it most."
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ALLO | Hot Stocks08:36 EDT Allogene Therapeutics launches CART T Together - Allogene Therapeutics launched CAR T Together, a first-of-its-kind effort comprised of leading clinical trial investigators who represent the field of clinicians committed to supporting the development of "off-the-shelf" chimeric antigen receptor T products to make CAR T therapy scalable and more accessible to patients with certain cancers. CAR T Together was created in response to several real-world access challenges that have emerged since the commercial introduction of autologous CAR T five years ago - chief among them, the supply bottleneck created given the complex, individualized manufacturing process inherent in their delivery. This inaugural group aims to support innovation and bring awareness to clinical trials that may ultimately lead to the availability of an allogeneic CAR T product for patients. A new survey of U.S. based academic centers specializing in the administration of CAR T, found that 82% of respondents agreed that CAR T therapies have changed how they manage aggressive cancers, but extensive wait times and manufacturing limitations keep many eligible patients from receiving treatment.1
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ITI | Hot Stocks08:35 EDT Iteris awarded $1.1M FDOT work oder extension - Iteris announced that it has been awarded a $1M work order extension from Metric Engineering to support the Florida Department of Transportation, or FDOT, for a regional smart mobility, safety and sustainability program.
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GOEV | Hot Stocks08:35 EDT Canoo announces Zeeba to purchase 5,450 American made electric vehicles - Canoo (GOEV) and Zeeba have signed an agreement for Zeeba to purchase 5,450 American made electric vehicles, with an initial binding commitment of 3,000 units through 2024. Zeeba will add Canoo Lifestyle Delivery Vehicles and Lifestyle Vehicles to its long-term fleet leasing portfolio. "We have a large committed, growing order book, are finalizing our multi-year allocations for 2023 customer deliveries and will share our manufacturing plan with the broader market shortly," said Tony Aquila, Chairman & CEO at Canoo. "This order is another milestone validating our product and strategy. Small & medium sized business are the backbone of our communities, employing about half of all working Americans1 and they are Zeeba's target customers. We put technology first and combined class leading ergonomics, a small vehicle footprint-to-cargo ratio and platform versatility while achieving a lower carbon footprint and higher return on investment for the operator, all of which will help SMBs compete."
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BTX | Hot Stocks08:34 EDT Brooklyn ImmunoTherapeutics changes name to Eterna Therapeutics - Brooklyn ImmunoTherapeutics announces that it is changing its name to Eterna Therapeutics to reflect its focus on developing advanced therapies using its extensively patented in-licensed mRNA cell engineering technologies. The name change will be effective Monday, October 17. The Company's common stock will trade on The Nasdaq Global Market under the new ticker symbol "ERNA". The new ticker symbol, together with a one-for-twenty consolidation of the Company's common stock, will become effective at the open of the market on October 17.
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IDAI | Hot Stocks08:34 EDT Trust Stamp selected as SaaS software supplier on G-Cloud 13 - Trust Stamp announces that it is being listed as a Software-as-a-Service supplier on G-Cloud 13, the UK Government's latest cloud procurement framework.
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NKLA RMO | Hot Stocks08:33 EDT Nikola reminds Romeo Power stockholders to tender shares - Nikola Corporation (NKLA) reminds Romeo Power (RMO) stockholders to tender their shares into its exchange offer to purchase all outstanding shares of common stock of Romeo. Romeo stockholders who want to participate in the Offer must tender their shares, as the Offer is scheduled to expire at midnight, Eastern Time, at the end of the day Wednesday, October 12, 2022, unless extended further. If less than a majority of the outstanding shares of Romeo common stock are tendered, the Offer cannot be completed by Nikola and no shares will be exchanged. As a result, Romeo stockholders' investment may be subject to substantial risks that are described in the Exchange Offer Materials.
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SLS | Hot Stocks08:33 EDT Sellas announces first patient dosed in Phase 1 clinical trial in China of GPS - SELLAS Life Sciences Group announced that 3D Medicines SELLAS' licensee for the development and commercialization of its lead clinical candidate, galinpepimut-S, or GPS, in China, Hong Kong, Macau and Taiwan, has dosed the first patient in its Phase 1 clinical trial in China of GPS. The Phase 1 clinical trial is an open-label, single-arm, multi-center study in patients with acute myeloid leukemia in complete response, or patients with multiple myeloma, non-Hodgkin's lymphoma or higher-risk myelodysplastic syndrome who have received at least first-line standard therapy and achieved a complete response or partial response. 3D Medicines plans to recruit fifteen patients for the study.
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FORG | Hot Stocks08:33 EDT ForgeRock to be acquired by Thoma Bravo for $23.25 per share in cash - ForgeRock announced that it has entered into a definitive agreement to be acquired by Thoma Bravo for $23.25 per share, in an all-cash transaction valued at approximately $2.3B. The offer represents a premium of approximately 53% over ForgeRock's closing share price on October 10, the last full trading day prior to the transaction announcement, and a premium of approximately 44% over the volume weighted average price of ForgeRock stock for the 30 days ending October 10. The transaction, which was unanimously approved by the ForgeRock board of directors, is currently expected to close in the first half of 2023, subject to customary closing conditions, including approval by ForgeRock's shareholders and the receipt of required regulatory approvals. Upon completion of the transaction, ForgeRock's common stock will no longer be publicly listed and ForgeRock will become a privately held company.
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VSAT | Hot Stocks08:33 EDT ViaSat-3 satellite completes mechanical environmental testing - Viasat announced the ViaSat-3 Americas satellite has completed mechanical environmental testing. This is a significant milestone that is designed to verify the satellite can endure the rigors of launch and continues the momentum for launch later this year. During mechanical environmental testing, the ViaSat-3 Americas satellite was subjected to simulations of the vibration and acoustic environments it will experience during launch. The satellite had already successfully completed thermal vacuum testing that simulated vacuum and extreme hot and cold conditions of space where the satellite will operate during its expected 15-year lifetime. "The completion of the mechanical environmental testing, coupled with the earlier successful completion of thermal vacuum testing, confirms that the first ViaSat-3 spacecraft can withstand the extreme environments from launch through in-orbit operations," said Dave Ryan, president of Space & Commercial Networks at Viasat. "The combined Viasat, Boeing, and Northrop Grumman teams have done an outstanding job in progressing through environmental testing with very successful results."
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ADPT | Hot Stocks08:32 EDT Adaptive Biotechnologies partners with Epic to increase access to MRD monitoring - Adaptive Biotechnologies announced a partnership with Epic to integrate the clonoSEQ Assay into Epic's comprehensive electronic medical record system. For patients with blood cancers like chronic lymphocytic leukemia, multiple myeloma, and B-cell acute lymphoblastic leukemia, clonoSEQ is the only FDA-cleared test that can monitor minimal residual disease, which refers to the remaining number of cancer cells that might remain in a patient's body during and after treatment. These cancer cells often exist in such small numbers that traditional testing methods can fail to detect them, so routine MRD testing throughout a patient's cancer journey can help oncologists assess prognosis, determine response to treatment, detect relapse, and inform care with more precision.Integrating clonoSEQ with Epic will streamline clinical decision-making for oncologists by providing easy access to clonoSEQ testing and weaving results seamlessly into patient records through the nation's most widely used EMR system. Epic integration will enhance the clonoSEQ customer experience by allowing providers to order and review clonoSEQ results from Adaptive in the same way as they would any test performed directly at the site of care. Integration will simplify MRD testing workflows for cancer care providers who use Epic in institutions and practices across the country. Adaptive's work with Epic will commence immediately, with clonoSEQ integration expected to go live in 2023.
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GOOG... | Hot Stocks08:30 EDT Coinbase, Google Cloud launch new strategic partnership - Google Cloud (GOOG;GOOGL) and Coinbase (COIN) announced a new, long-term strategic partnership to better serve the growing Web3 ecosystem and its developers. The collaboration will involve Coinbase selecting Google Cloud as a strategic cloud provider to build advanced exchange and data services. Coinbase will use Google Cloud's powerful compute platform to process blockchain data at scale, and enhance the global reach of its crypto services by leveraging Google's premium fiber-optic network. As part of the partnership, Google Cloud is positioned to enable select customers, starting with those in the Web3 ecosystem, to pay for its cloud services via select cryptocurrencies. Through this partnership, Web3 developers can also access Google's BigQuery crypto public datasets, which will be powered by Coinbase Cloud Nodes, across leading blockchains. The integration will allow developers to instantly and reliably operate Web3-based systems without the need for expensive and complex infrastructure.
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VHIBF | Hot Stocks08:30 EDT Vitalhub acquires Community Data Solutions for A$8.2M - VITALHUB announced that it has acquired QWAD Community Technologies Pty Ltd, doing business as "Community Data Solutions", a company incorporated and conducting business in Australia. VitalHub has acquired CDS, in an all-cash acquisition by its wholly-owned subsidiary, VitalHub Australia Pty Ltd, for a purchase price at closing of AUD $8,197,155 which was after customary closing and working capital adjustments. For the 12-month period ending September 30, 2022, CDS has estimated revenue of approximately AUD $4,000,000 of which AUD $2,800,000 was identified to be recurring in nature with Adjusted EBITDA of approximately AUD $1,300,000. Adjusted EBITDA, a non-IFRS measure, is defined as earnings before interest, taxation, depreciation, amortization, share based compensation, business acquisition, restructuring and integration costs.
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VOR | Hot Stocks08:29 EDT Vor Bio announces data from novel platform used for base editing - Vor Bio announced data demonstrating the potential of the Company's novel platform to use various base editing strategies to successfully delete multiple cell surface targets from hematopoietic stem cells, or HSCs, potentially enabling next-generation transplants for the treatment of acute myeloid leukemia, or AML. The Company is presenting the data at the European Society of Gene & Cell Therapy, or ESGCT, Annual Congress in Edinburgh, UK in two separate poster presentations. Poster title is "Efficient knockout of both CD33 and CLL-1 by multiplex genome editing of human hematopoietic stem cells enhances the potential of next-generation transplants for acute myeloid leukemia treatment"
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ICCM | Hot Stocks08:28 EDT IceCure's ProSense Cryoprobes, Introducers get regulatory approval in Brazil - IceCure Medical announced that its ProSense Cryoprobes and Introducers have received regulatory approval from the Brazilian Health Regulatory Agency. The application was submitted in June 2022 by KTRFIOS IMPORTACAO E EXPORTACAO LTDA, IceCure's distributor in Brazil. The ProSense Cryoprobes and Introducers are disposable Class II devices, per ANVISA. Essential components of the ProSense System, Cryoprobes are inserted into the patient during the cryoablation procedure to freeze tumors, and Introducers provide access to the targeted tumor tissue. "We are very pleased to achieve this first step in the path to receiving full regulatory approval in Brazil," stated IceCure CEO, Eyal Shamir. "Working with KTRFIOS has been highly productive, and we anticipate strong demand in Brazil upon the additional pending approval of the ProSense Cryoablation System." IceCure's distribution agreement with KTRFIOS includes the guarantee of at least $6.6M in expected total sales during the five years following the full system's regulatory approval.
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MALJF LHX | Hot Stocks08:27 EDT Magellan, L3Harris to advance airborne ISR mission needs for U.S. Army - MAG Aerospace (MALJF) and L3Harris Technologies (LHX) will provide enhanced intelligence, surveillance and reconnaissance, ISR, aircraft in support of the Army's Theater Level High-Altitude Expeditionary Next Airborne ISR Radar, ATHENA-R, program. MAG Aerospace and L3 Harris Partner to Advance Airborne ISR Mission Needs for US ArmyThe ATHENA-R aircraft, converted Bombardier Global Express 6500s with ISR mission capabilities, will support U.S. Army missions in the U.S. Indo-Pacific Command area of responsibility. The two companies will equip the aircraft with new radar and electronic and communications intelligence capabilities. MAG delivers world-class command, control, computers, communications, cyber and ISR service delivery expertise to bring turnkey disruptive technology to U.S. government and allied customers around the world.
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SHW | Hot Stocks08:25 EDT Sherwin-Williams to acquire wood coatings company, Industria Chimica Adriatica - The Sherwin-Williams announced an agreement to acquire Industria Chimica Adriatica. The acquired business has annual sales of more than EUR 150M, with sales and operations globally, including production facilities in Italy and Poland, and ICA's interest in the India-based joint venture, ICA Pidilite. ICA has approximately 600 employees and will become part of the Sherwin-Williams Performance Coatings Group operating segment. The transaction is expected to close by the end of 2022. "This wonderful company brings us innovative waterborne and solvent liquid coatings technology, including an award-winning range of ultra-matt protective coatings and a growing portfolio of BIO water-based coatings products, which are made with recycled raw materials," said Sherwin-Williams Chairman and Chief Executive Officer, John G. Morikis. "In addition to this strong technical expertise, ICA has excellent relationships with multi-national and local customers, multiple product specification and approval positions, strategically located manufacturing and distribution, and an outstanding commercial team focused on delivering innovative and value-added solutions. The combination of our businesses provides numerous opportunities to accelerate profitable growth in the region and beyond. The outstanding leadership and talented employees of ICA have built an admirable track record of success over the last 50 years, and we look forward to welcoming them to the Sherwin-Williams family upon the close of the transaction."
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COCP | Hot Stocks08:25 EDT Cocrystal Pharma selects drug candidate CDI-988 for clinical development - Cocrystal Pharma announces the selection of its novel, broad-spectrum antiviral drug candidate CDI-988 for clinical development as an oral treatment for SARS-CoV-2, the virus that causes COVID-19. CDI-988 targets a highly conserved region in the active site of SARS-CoV-2 main, or 3CL, protease required for viral replication, and was specifically designed and developed as an oral antiviral candidate for COVID-19 using Cocrystal's proprietary structure-based drug discovery platform technology.
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TOI | Hot Stocks08:25 EDT The Oncology Institute appoints Phil Reger as CIO - The Oncology Institute announced the hiring of two new executives. Phil Reger will serve as the Chief Information Officer and Cristina Green will serve as the Vice President of Clinical Research. As Chief Information Officer, a newly created position, Mr. Reger will lead enterprise-wide technology and data initiatives, developing strategies to support TOI's growth. Before joining TOI, Mr. Reger was part of the founding team that launched Radiology Partners, the largest radiology practice in the United States. In her new role as Vice President of Clinical Research, Ms. Green will oversee the clinical research arm of TOI and expand access to clinical trials for TOI patients. Most recently, she held roles at Labcorp Drug Development spearheading transformational initiatives for the conduct of clinical trials, including mobile health, decentralized clinical trials, and other study design innovations via data, technology, and process optimization.
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FAMI | Hot Stocks08:24 EDT Farmmi to ship high-volume order to Middle East - Farmmi announced the receipt of a high-volume order for its popular dried Shiitake mushrooms. The customer will export the Shiitake mushrooms to the Middle East. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "Farmmi is benefitting from a continued uptick in demand for high quality agricultural products. We remain steadfast on providing customers with the variety and consistent quality they require. Our team has also done a good job keeping costs under control despite the broader global inflationary environment. Mushrooms inherently require much less water to produce than other crops and shipment costs are reduced given the lower final product weight. These reasons have allowed us to stay on track with our business expansion strategy, as we further expand our footprint and brand in key markets worldwide."
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MANT | Hot Stocks08:24 EDT ManTech awarded $337M contract by NSWC - ManTech announced a $337M contract to support Naval Surface Warfare Center, or NSWC, Corona's Navy Continuous Training Environment, or NCTE, a global, interconnected network of simulation, training, and Command, Control, Communications, Computers, and Intelligence, or C4I, systems that form a virtual range for experimentation and training involving Navy platforms and weapon systems. ManTech was awarded this contract under the Department of Defense Information Analysis Center's, or DoD IAC, multiple-award contract, or MAC, vehicle. Under the new four-year award, ManTech will provide engineering and technical services that integrate and test advanced systems for the U.S. Navy's premier Live, Virtual, Constructive, or LVC, training capability. ManTech has been a leader in Navy and Marine Corps virtual training capability for over 15 years. In the cybersecurity and information warfare domain, ManTech introduced industry's first cyber range for the DoD, empowering Navy warfighters to train on digital twins of their own networks and infrastructure. ManTech also provides an extensive model-based systems engineering capability to accelerate training system integration and ensure that training environments reflect real-world systems and configurations today and in the future.
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BLKB | Hot Stocks08:24 EDT Blackbaud adopts limited duration stockholder rights plan - Blackbaud announced that its Board of Directors has unanimously adopted a limited duration stockholder rights plan. The Rights Plan is intended to enable all stockholders to realize the full value of their investment in Blackbaud. The Rights Plan will reduce the likelihood that any entity, person or group gains control of Blackbaud through open-market accumulation without paying all stockholders an appropriate control premium. Under the Rights Plan, the rights will become exercisable if an entity, person or group acquires beneficial ownership of 20% or more of Blackbaud's outstanding common stock in a transaction not approved by the Board. In the event that the rights become exercisable due to the ownership threshold being crossed, each right will entitle its holder to purchase additional shares of common stock having a then-current market value of twice the exercise price of the right.
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XBIO VNRX | Hot Stocks08:23 EDT Xenetic announces patent assignment from CLS related to deal with VolitionRx - Xenetic Biosciences (XBIO) announced the signing of a patent assignment from CLS Therapeutics to Xenetic related to Xenetic's previously announced collaboration with VolitionRx Limited (VNRX) and CLS, a biopharmaceutical company developing first-in-class therapies based on the discovery of novel therapeutic targets. In consideration of the patent assignment, Xenetic will also issue 850,000 shares of common stock to CLS. "Our team remains intent on driving the DNase technology platform forward with the goal of improving outcomes of existing therapeutic agents in multiple solid tumor indications for which existing therapeutic agents have not been proven to be effective. Our collaboration with Volition and CLS has provided us with research and development partners with expertise and capabilities to help drive the DNase-Armored CAR T program forward. We are excited to continue building on the progress we've made thus far and on taking the next steps forward in executing on our plans to advance the DNase technology," commented Jeffrey Eisenberg, Chief Executive Officer of Xenetic. The Company's collaboration with Volition is an early exploratory program to evaluate the potential combination of Volition's Nu.Q technology and Xenetic's DNase-Armored CAR T platform to develop proprietary adoptive cell therapies potentially targeting multiple types of solid cancers for which current CAR T cell therapies have shown limited or no effect. Under the terms of the collaboration agreement, Volition will fund a research program and the two parties will share proceeds from commercialization or licensing of any products arising from the collaboration.
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IXHL | Hot Stocks08:23 EDT Incannex completes pre-IND meeting with FDA on IHL-216A - Incannex Healthcare announced that it has completed a constructive pre-Investigational New Drug Application meeting with the U.S. Food and Drug Administration for its proprietary drug product IHL-216A for treatment of traumatic brain injury and concussion. IHL-216A is Incannex's proprietary combination of cannabidiol and isoflurane that is being developed for treatment of TBI. Incannex submitted a pre-IND meeting package to the FDA in August 2022. The meeting package included a description of the unique formulation developed by Incannex, an overview of the proposed clinical development plan and specific questions Incannex submitted on the regulatory requirements for opening an Investigational New Drug application. Opening an IND is required to conduct trials in the United States and ensures that trials are designed to meet the data requirements necessary for FDA marketing approval. In written correspondence, FDA provided valuable, multidisciplinary feedback on the proposed clinical development of IHL-216A and acknowledged that treatment of TBI is a significant unmet medical need that requires innovative treatment solutions. The FDA also confirmed that the FDA505(b)2 application was the appropriate regulatory pathway for IHL-216A, whereby some of the information required for marketing approval may derive from studies already completed on the drug components of IHL-216A and in the public domain . FDA provided critical guidance on the data requirements for opening an IND for IHL-216A, particularly related to the intricacies of developing an inhaled drug product and conducting clinical trials that involve an anaesthetic. Incannex is drafting a follow-up request for additional information on the FDA's recommendations and will provide an update to ASX and Nasdaq investor platforms when it has been received. IHL-216A has demonstrated neuroprotective activity in two separate animal models of traumatic brain injury, one representing moderate to severe injury and the other representing mild injury, or concussion. In both models, treatment with IHL-216A improved the effects of injury to a greater extent that either CBD or ISO monotherapy.
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SPG | Hot Stocks08:23 EDT Simon Property, Jamestown announce strategic partnership - Jamestown and Simon announced a strategic partnership, currently anticipated to close prior to the end of 2022, subject to regulatory approvals and other customary closing conditions. Upon closing, Simon will acquire a 50 percent interest in Jamestown from founding partners Christoph and Ute Kahl, who will continue to be Jamestown shareholders. Jamestown will operate independently and continue to be led by CEO Matt Bronfman and President Michael Phillips, who will retain their existing ownership. Christoph will transition from day-to-day involvement as the company's Chairman to a member of the new Jamestown Board of Directors. "We have been impressed with Jamestown's combination of sector expertise, dedication to driving creative placemaking, and reputation in the fund management business," said David Simon, Chairman, CEO, and President of Simon. "Their strong leadership team and track record align with our focus on investing in best-in-class partners. Jamestown is well-positioned for future growth, and we are excited about the continued expansion of Simon's investment platform."
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UGRO | Hot Stocks08:21 EDT Urban-Gro reports over $50M of signed projects during Q3 - urban-gro provided an update on the success of its design-build division and reiterated its guidance for the Q3. After the acquisition of Emerald Construction Management in the second quarter, urban-gro launched its full turnkey design-build solution where the Company provides a single point of responsibility, and manages architecture, engineering, cultivation design, construction, as well as equipment procurement and integration. urban-gro's leading, in-house professional services team provides design-build solutions for cultivation facilities, retail dispensaries, and various building-types within the industrial and healthcare sectors. These incremental design-build contracts represent more than $50M of signed projects in the Q3, and are from a diverse set of clients including cannabis CEA clients, as well as leading global consumer packaged goods enterprises. Design-build contracts are typically recognized over a timeline of 6 to 24 months and are separate from any associated professional services or equipment system orders.
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W... | Hot Stocks08:21 EDT Wayfair selects Google Cloud in shift to unified public cloud strategy - Google Cloud (GOOG;GOOGL) announced that Wayfair (W) has completed a full migration of its data center applications and services to the cloud, with Google Cloud as the foundation of its overall cloud strategy. The move helps the retailer increase business agility and technical innovation, handle burst capacity, and scale new uses of artificial intelligence and machine learning for scenarios ranging from fraud detection to personalized customer outreach. Migrating 100% of its cloud applications to Google Cloud is a key milestone in Wayfair's technology strategy to support 24 million active customers who rely on the retailer to create their feeling of home. Fiona Tan, chief technology officer, Wayfair, said, "The complete migration of our data center operations to Google Cloud is an essential part of ensuring Wayfair's long-term competitiveness and resilience. With this partnership, we're better able to handle sudden traffic, empower our engineers with more autonomy, and use AI and ML to create a better shopping experience for our customers."
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CGTX | Hot Stocks08:20 EDT Cognition Therapeutics appoints Paul Tiseo as VP, clinical development - Cognition Therapeutics announced the appointment of Paul Tiseo, Ph.D. to the newly created role of vice president of clinical development. Tiseo was most recently the executive director of clinical development at Centrexion Therapeutics, a private biotechnology company focused on the development of non-opioid drugs for the treatment of acute and chronic pain.
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AMED | Hot Stocks08:20 EDT Amedisys, UAMS and Contessa announce partnership - The University of Arkansas for Medical Sciences, or UAMS, Amedisys and Contessa, an Amedisys company and the leading comprehensive care at home provider, announced a partnership bringing a new care at home option to Central Arkansas. The joint venture offers patients a full spectrum of medical care in the comfort and convenience of their own homes. As part of the joint venture, home health care will be provided by Amedisys Home Health in Searcy and Little Rock. Home health services include skilled nursing care; physical, occupational and speech therapy; medical social work; and home health aides to assist with activities of daily living, such as bathing, dressing and eating. AMS Health Comprehensive Care at Home will begin accepting home health patients later this year or by early 2023, with other services rolling out in early 2023.
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TMUS... | Hot Stocks08:19 EDT T-Mobile teams up with Google Cloud to transform customer experiences - T-Mobile (TMUS) and Google Cloud (GOOG;GOOGL) announced plans to transform customer experiences for wireless customers everywhere, leveraging Google Cloud's expertise in data analytics, artificial intelligence, and machine learning, and its extensive portfolio of leading 5G and edge computing products and solutions. Aligning with T-Mobile's "customer obsessed" approach, Google Cloud's products and global infrastructure will enable the companies to co-create innovative ways to better connect and deliver personalized services for customers wherever they are in the world. "At T-Mobile, creating frictionless, simplified, and personalized experiences is key to our relationship with customers," said Marcus East, executive vice president and chief digital officer, T-Mobile. "We're thrilled to work with Google Cloud to address trends in consumer behavior, drive deeper relationships, and evaluate our customer-first approach."
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VRSSF | Hot Stocks08:19 EDT Verses Technologies appoints Jay Samit to board of directors as chairman - VERSES Technologies announces that Jay Samit, former NASDAQ company CEO and Independent Vice Chairman of Deloitte Consulting, joined the VERSES board of directors and will now serve as the Chairman of the Board.
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PDSB | Hot Stocks08:17 EDT PDS expands interim data in the Phase 2 clinical trial of PDS0101 - PDS Biotechnology announced expanded interim data in the Phase 2 clinical trial investigating the PDS0101-based triple combination therapy in advanced human papillomavirus, or HPV,-positive cancers. This Phase 2 study is being conducted at the Center for Cancer Research, or CCR, at the National Cancer Institute, or NCI, one of the Institutes of the National Institutes of Health. The interim efficacy data from 37 HPV16-positive evaluable patients, including 29 patients in the checkpoint inhibitor, or CPI,refractory arm, are consistent with the results presented at ASCO 2022 and affirm the selection of CPI refractory patients as the initial patient population for ongoing clinical development of the triple combination. The NCI-led Phase 2 clinical trial is investigating PDS0101 in combination with two investigational immune-modulating agents - M9241, a tumor-targeting IL-12, or immunocytokine, and bintrafusp alfa, a bifunctional checkpoint inhibitor - in recurrent or metastatic HPV-positive cancers in patients who have failed prior therapy. The triple combination is being studied in CPI-naive and -refractory patients with advanced HPV-positive anal, cervical, head and neck, vaginal, and vulvar cancers. Both M9241 and bintrafusp alfa are owned by Merck KGaA, Darmstadt, Germany.
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SHEL | Hot Stocks08:17 EDT HyAxiom signs agreement with Shell to demonstrate fuel cell's ability - HyAxiom signed an agreement with Shell and other parties to power a deep-sea liquefied natural gas carrier with a HyAxiom-developed solid oxide fuel cell to test the technology's ability to cut carbon emissions from maritime transport, a sector which is vital to trade and economies worldwide but is considered hard-to-abate. Under the agreement, Shell International Trading and Shipping Company, Korea Shipbuilding & Offshore Engineering, DNV and Doosan Fuel Cell, agreed to launch a vessel powered by a HyAxiom-developed Solid Oxide Fuel Cell in 2025. This agreement underscores fuel cell technology's potential in decarbonizing the marine transportation industry and the role that HyAxiom can play in helping major industry players achieve their climate goals. Under the agreement, HyAxiom will design and develop the SOFC Auxiliary Power Unit incorporating the 2 x 300 kilowatts sub-systems for long-range maritime demonstration; DFCC will manufacture, carry out factory tests and deliver the product; Shell will charter the demonstration vessel; KSOE will assist with system integration and technological deployment; and DNV will provide technical and safety expertise. Once launched, the vessel will operate for one year, during which the parties will collect valuable data on how to further integrate SOFC technology into current vessels and inform how future vessels can be powered by SOFC technology at scale.
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RUN | Hot Stocks08:16 EDT Sunrun activates residential virtual power plant in wholesale market - Sunrun announced it has completed its first successful season running a residential Virtual Power Plant in a wholesale capacity market. In the summer months of June through August, Sunrun's New England VPP shared more than 1.8 gigawatt-hours of energy back to the grid. Thousands of Sunrun home solar systems across New England exported excess clean solar energy during the peak demand window of 1-5 p.m., effectively reducing overall energy demand and relieving stress on the region's energy grid. The VPP also helped minimize the use of expensive, polluting peaker plants while reducing energy costs across the region and ensuring a reliable source of power.
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AES | Hot Stocks08:15 EDT AES Corp. dedicates 227 MW, 908 MWh of energy storage projects in California - The AES marked the dedication of its 100 MW, 400 MWh Luna Battery Storage and 127 MW, 508 MWh Lancaster Area Battery Storage facilities in Lancaster, California. The battery storage facilities were completed and came online in August and September 2022, respectively. Together, these two projects represent one of the largest battery storage facilities in California - and the world. The Luna and LAB battery projects combined represent one of the largest energy storage systems in the world."The Luna and LAB Battery Storage projects are two critically important steps in California's safe and reliable energy transition," said Leo Moreno, AES Clean Energy President. "With these two projects, we are delivering the reliable energy our customers and California's residents need. The Luna and LAB projects demonstrate how we're advancing the state's 2045 zero carbon emissions goal."
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LIFE | Hot Stocks08:15 EDT aTyr Pharma announces research collaboration with Dualsystems Biotech - aTyr Pharma announced that it has entered into a research collaboration with Dualsystems Biotech, a company specializing in custom proteomics, aimed at accelerating drug discovery and generating new therapeutics based on aTyr's extensive intellectual property, or IP, portfolio. Under the collaboration, which is exclusive with respect to tRNA related molecules, Dualsystems will utilize their proprietary receptor screening technology and research expertise to attempt to identify and validate 10 new target receptors for tRNA synthetases by 2025.
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OR GOLD | Hot Stocks08:14 EDT Osisko Gold appoints Rob Krcmarov toboard of directors - Osisko (OR) is pleased to announce the appointment of Mr. Rob Krcmarov to its Board of Directors. Krcmarov recently retired as Executive Vice President of Exploration and Growth for Barrick Gold Corporation (GOLD).
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TM... | Hot Stocks08:14 EDT Toyota, Google Cloud partner to bring AI-powered speech to its vehicles - Toyota (TM) and Google Cloud (GOOG;GOOGL) announced an expanded partnership that brings together Toyota and Lexus next-generation audio multimedia systems and Google Cloud's AI-based speech services. Customers can now experience the first results of the partnership in the latest generation Toyota Audio Multimedia and Lexus Interface infotainment systems, including in 2023 models like the Toyota Corolla family, Tundra, Sequoia and Lexus NX, RX and all-electric RZ. Vehicles equipped with Toyota's latest-generation Automotive Grade Linux-based Audio Multimedia and Lexus Interface infotainment systems already leverage Google Cloud's Speech-to-Text service to accurately perform automatic speech recognition for in-vehicle queries. Toyota's Voice Assistant, which leverages technology from Google Cloud, was co-developed by Toyota Motor North America Connected Technologies and Toyota Connected organizations since 2018. The partnership highlights the AI and machine learning innovation brought forth in the latest Toyota and Lexus infotainment systems.
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BWAY | Hot Stocks08:13 EDT Brainsway announces collaboration with NOCD - BrainsWay announced that it will be collaborating with NOCD, an organization that facilitates access to online therapy for people with obsessive-compulsive disorder, or OCD, through its innovative telehealth platform. The goal is to raise awareness about OCD treatments among patients, caregivers, and clinicians. BrainsWay and NOCD will work together to increase awareness about OCD and the lifesaving treatments of both companies. NOCD offers a turnkey solution for online ERP, which is an effective form of psychotherapy for OCD patients. BrainsWay Deep TMS is a noninvasive, FDA-cleared medical device for the treatment of OCD. Deep TMS utilizes a magnetic field emitted by the patented BrainsWay H7 Coil to stimulate brain structures associated with OCD.
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OR | Hot Stocks08:13 EDT Osisko Gold earns 23,850 attributable GEOs in Q3 - Osisko earned approximately 23,850 attributable gold equivalent ounces in the third quarter of 2022, record deliveries for the Corporation since inception in 2014. Osisko recorded preliminary revenues from royalties and streams of C$53.7 million during the third quarter and preliminary cost of sales of C$4.4 million, resulting in a record quarterly cash margin2 of approximately C$49.3 million. During the third quarter, Osisko purchased for cancellation a total of 1.3 million common shares for C$16.5 million under its NCIB program. Sandeep Singh, President and CEO of Osisko, commented: "We are delighted to have experienced another quarter of record deliveries, revenues and cash margin in Q3. These records were achieved despite the Eagle mine still working towards steady-state production, the gold price averaging US$142 per ounce lower quarter over quarter, and a meaningfully higher gold-silver price ratio used to convert silver deliveries into GEOs. The higher gold-silver price ratio, which has since subsided somewhat, decreased GEOs earned by approximately 850 ounces in the third quarter versus expectations. We believe our assets have the ability to end the year on a continued upswing and meet the low end of our guidance, with further increases from core assets expected in 2023. Further, we are pleased to welcome Mr. Rob Krcmarov to our Board of Directors. This is in keeping with our board renewal process, with six new additions to the board since the start of 2020. Rob adds unparalleled expertise in geology and mining transactions with relationships and asset knowledge around the globe. He will be an invaluable asset to the Corporation."
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RAD... | Hot Stocks08:12 EDT Rite Aid, Google cloud partner to modernize pharmacy operations - Rite Aid (RAD) and Google Cloud (GOOG;GOOGL) announced a new, multi-year technology partnership that will help Rite Aid realize its vision of a modern pharmacy. Google Cloud technologies will provide Rite Aid with better insights, increased agility, and improved customer experiences. Modernized applications for personalized digital experiences will enable pharmacists to spend more time directly engaging customers. As part of the new partnership, Rite Aid will be migrating key applications to Google Cloud's Anthos, a managed platform for application deployment. Applications include Rite Aid's popular vaccine scheduling tool, customer messaging infrastructure, and digital engagement platform. With Anthos, Rite Aid's approximately 2,350 pharmacies will have cloud computing capabilities on-site, providing resilient operations.
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ENTG | Hot Stocks08:12 EDT Infineum to acquire Entegris' pipeline ,industrial materials business, no terms - Infineum and Entegris announced that the companies have entered into a definitive agreement for Infineum to acquire Entegris' Pipeline and Industrial Materials business. Entegris' PIM business is part of the company's Specialty Chemicals and Engineered Materials division and includes the Flowchem, Val-Tex, and Sealweld brands and a broad range of Drag Reducing Agents for pipeline operations. The transaction is expected to close in the fourth quarter of 2022, subject to receipt of required regulatory approvals and other customary closing conditions.We are excited to announce the agreement to acquire Entegris' Pipeline and Industrial Materials business. This acquisition has a strong strategic fit with the core capabilities of Infineum and is a significant step in Infineum's transformation into a sustainable world-class specialty chemicals company. We look forward to welcoming our new colleagues to the Infineum team," said Trevor Russell, CEO.
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ACN... | Hot Stocks08:12 EDT Accenture , Google Cloud expand partnership to accelerate value from data, AI - Accenture (ACN) and Google Cloud (GOOG;GOOGL) announced an expansion of their global partnership through a renewed commitment to growing their respective talent, increasing their joint capabilities, developing new solutions using data and AI, and providing enhanced support to help clients build a strong digital core and reinvent their enterprises on the cloud. "Cloud offers boundless opportunities for companies to be more innovative and resilient, but the real world is full of barriers to value," said Karthik Narain, Global Lead of Accenture Cloud First. "Our expanded partnership with Google Cloud is designed to help clients build a strong digital core utilizing Google Cloud infrastructure and products in areas like cybersecurity, data analytics, application modernization, and more. A strong digital core helps companies respond to change and shifting dynamics within their industry. By working with Google Cloud to expand talent and pre-build industry-specific, productized solutions, we will accelerate time to value for clients on Google Cloud, from public to edge and everything in between."
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STAF | Hot Stocks08:12 EDT Staffing 360 Solutions announces re-branding of Headway Workforce Solutions - Staffing 360 Solutions announced the re-branding of Headway Workforce Solutions. The official rebranding of Headway Workforce Solutions will take place this week, including a new logo. The Headway Workforce Solutions rebranding and new logo design falls in line with Staffing 360 Solutions Intelligent Integration strategy. The logo for Headway Workforce Solutions now follows the same layout and design of Staffing 360 Solutions' other subsidiaries by adding a strapline below the historical brand as well as a customized 360 orb.
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AMCI | Hot Stocks08:11 EDT LanzaTech produces ethylene from CO2 - LanzaTech NZ announced it has successfully engineered specialized biocatalysts to directly produce ethylene from CO2 in a continuous process. This breakthrough in bacterium bio-engineering from LanzaTech represents a potential source of advancement towards the company's mission of replacing fossil-based feedstocks used in the manufacture of everyday consumer goods with waste carbon. In addition to the potential broad reaching implications for global carbon reduction and sustainability, the development represents a significant opportunity for LanzaTech to further penetrate the global ethylene market, which is estimated at approximately $125 billion in 2022.
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NPCE | Hot Stocks08:10 EDT NeuroPace announces first patient implanted in NAUTILUS study - NeuroPace announced the first patient implanted in the NAUTILUS clinical study. The pivotal study will evaluate the safety and effectiveness of the RNS System in individuals aged 12 and older with drug-resistant idiopathic generalized epilepsy, also known as primary generalized epilepsy.
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PROC | Hot Stocks08:10 EDT Procaps Group announces ESG commitments, initiatives - Procaps Group announced the completion of its inaugural 2021 ESG Annual Report, a comprehensive overview of environmental, social and governance metrics and corresponding strategies and initiatives for ESG priorities. Procaps commitments and initiatives include advancing a healthy, climate-resilient future, social responsibility within the company to support their philanthropic pillars and surrounding communities, as well as United Nations' Sustainable Development Goals such as Good Health & Well-Being, Quality Education, Gender Equality, Decent Work and Economic Growth, Industry Innovation, and Responsible Consumption & Production. Procaps Group 2021 ESG Annual Report provides details in the following areas: Environmental Sustainability and Stewardship: As a leader in human health and environment, Procaps has a responsibility to provide a positive environmental impact and carbon neutral operations. This report highlights: 4 plants experienced energy efficiency gains in 2021; Almost 30% of total waste was diverted from disposal; 54.5% of the total energy consumed in the Barranquilla facility was self-generated as in 2021 we completed the construction and implementation of a self-generation power plant in this facility. Corporate Social Responsibility & Governance: Procaps is committed to the development and wellbeing of the community with the construction of a healthier surroundings. The report highlights: Since 2013 the Procaps Foundation has been operating to guarantee healthy living and to promote healthy habits in communities; The Procaps Foundation donated USD $294,122 and benefited 36,838 people directly and 147,352 people indirectly in 2021; 39.9% of the total manager and director positions are held by women; 2,300+ employees comprise our Corporate Volunteers group. In 2021 they contributed 1,320 volunteer hours, an increase of 88% compared to 2020. 4,100 employees were informed and trained on our ethics and conduct policies and procedures. Committed to the United Nations' Sustainable Development Goals
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AQST | Hot Stocks08:09 EDT Aquestive Therapeutics announces response from FDA for EoP2 meeting request - Aquestive Therapeutics announced positive written feedback from the FDA for its initial End-of-Phase 2, or EoP2, meeting request to discuss Chemistry, Manufacturing, and Controls, or CMC, for its AQST-109 epinephrine sublingual film for the treatment of severe allergic reaction including anaphylaxis. On August 2 Aquestive requested an EoP2 meeting to obtain guidance and/or concurrence on specific questions relating to both drug substance and drug product characterization, control, and stability for its drug candidate AQST-109 epinephrine sublingual film. In lieu of a meeting, the FDA provided a formal written response to the Company's questions. The FDA's written response indicates that Aquestive's approach to characterizing these and other attributes of AQST-109 "appear reasonable" in the context of a potential future filing. Aquestive has also requested an EoP2 meeting with the FDA to obtain guidance and/or concurrence on specific questions relating to the clinical components of a potential AQST-109 filing. At this meeting, Aquestive anticipates receiving feedback on its EPIPHAST study data as well as the proposed clinical development plan for AQST-109. This meeting has been granted by the FDA and is scheduled to occur prior to the end of 2022.
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UBX | Hot Stocks08:08 EDT Unity Biotechnology sees cash runway into 2024 - UNITY completed a follow-on offering in August of this year, raising approximately $41.8 million in net proceeds. Combined with proceeds from its ATM facility, the Company now expects to have cash runway into 2024.
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UBX | Hot Stocks08:07 EDT Unity Biotechnology to highlight UBX1325 at Investor and Analyst Day - UNITY Biotechnology will host an Investor and Analyst Day with presentations highlighting the UBX1325 program, a novel Bcl-xL inhibitor for the treatment of age-related diseases of the eye, followed by a fireside chat with retina expert Robert Bhisitkul, M.D., Ph.D. Presentations include a review of the BEHOLD data in diabetic macular edema, an overview of the recently added long-term extension arms to the Phase 2 ENVISION study in wet age-related macular degeneration, as well as clinical development plans, near-term data milestones, and the latest research supporting the therapeutic approach of targeting senescent cells in diseased retinal tissue. Key Topics of the Investor & Analyst Day: Review of preclinical research on accumulation of senescent cells and Bcl-xL expression in diseased blood vessels in the retina, as well as evidence that Bcl-xL inhibitors lead to a selective elimination of senescent cells in diseased vasculature, improvement in barrier function, reduction in inflammatory cytokines, and revascularization of ischemic zones Summary of Phase 2 BEHOLD data results at 12 and 18 weeks showing initial evidence of a treatment effect of UBX1325 in patients with DME - a single injection in subjects led to statistically significant and clinically meaningful improvement in vision and structural stability with a favorable safety profilel Overview of the Phase 2 ENVISION study design in wAMD, including the addition of the Part B extension arms to evaluate repeat dosing of UBX1325 and combination benefit with anti-VEGF therapy; Overview of the current therapeutic landscape in DME and wAMD, emerging product profile and strategy for UBX1325, and the opportunity for UBX1325 in the treatment paradigm for DME and wAMD; Fireside chat with Dr. Bhisitkul discussing current treatment options for patients with DME and wAMD, the need for novel mechanisms of action to provide efficacy beyond that achieved with anti-VEGF therapies, and the significance of recent UBX1325 Phase 2 clinical data in DME. Upcoming Clinical Milestones for UBX1325: Full 24-week safety and efficacy data from BEHOLD, the Phase 2 DME clinical trial, expected before year-end 2022; 48-week long-term extension study data from BEHOLD expected in Q2 2023; Initial 16-week safety and efficacy data from ENVISION, the Phase 2 wAMD clinical trial, expected in Q1 2023; Full 24-week safety and efficacy data from ENVISION expected in Q2 2023; 48-week long-term extension study data from ENVISION expected in Q4 2023.
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APO | Hot Stocks08:07 EDT Apollo Global and Haveli Investments form strategic partnership - Apollo and Haveli Investments announced they have formed a strategic partnership. As part of the partnership, funds managed by or affiliated with Apollo have made a $500M commitment to Haveli strategies. Apollo will also provide resources to help support Haveli in scaling, with alignment through participation in Haveli's growth. The relationship with Haveli is Apollo's latest partnership with one of the world's best investors with specialized expertise in a complementary sector.
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VRTX | Hot Stocks08:07 EDT Vertex advances program targeting alpha-1 antitrypsin deficiency - Vertex Pharmaceuticals announced the advancement of its investigational program targeting alpha-1 antitrypsin deficiency,AATD,, a rare, genetic disease characterized by a protein folding defect that can lead to liver and lung disease. Vertex announced that the U.S. Food and Drug Administration has cleared the Investigational New Drug IND Application for VX-634 enabling the company to initiate a first-in-human clinical trial for this small molecule AAT corrector in healthy volunteers. VX-634 is the first in a series of next-wave molecules under investigation with significantly improved potency and drug-like properties compared to previous Vertex AAT correctors, allowing potential exploration of the full dose response. Additionally, Vertex will initiate a 48-week Phase 2 study of VX-864, a first-generation AAT corrector, to assess the impact of longer-term treatment on polymer clearance from the liver, as well as the resultant levels of functional AAT in the plasma. The hypothesis that VX-864 may clear liver polymer stems from recently concluded exploratory analyses from the original 28-day Phase 2 study, which showed VX-864 treatment reduced levels of Z-polymer in the blood of AATD patients by an average of approximately 90% from baseline by day 28 at the highest dose. The previous Phase 2 study of VX-864 showed the AAT corrector was generally well-tolerated and demonstrated proof-of-mechanism, with increases in fAAT in the plasma over the 28-day study period. However, the magnitude of treatment effect was insufficient to advance it to pivotal development. In addition, the prior Phase 2 study did not address the effects of VX-864 therapy on the levels of liver polymer, an important clinical endpoint. The current study is being conducted to determine if longer-term treatment with VX-864 will result in liver polymer clearance and, if so, whether longer term treatment might also result in greater increases in plasma fAAT levels... "By simultaneously advancing new, more potent molecules into the clinic and assessing the impact of longer-duration treatment, we expect to have both the assets and the data necessary to progress our AAT corrector program in 2023." Consistent with its portfolio approach for all programs, Vertex is bringing forward additional next-wave AAT correctors, with the next molecules expected to enter the clinic starting in 2023.
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APRN AMZN | Hot Stocks08:07 EDT Blue Apron now offers meal kits in Amazon store without subscription - Blue Apron (APRN) is now offering meal kits without a subscription in the U.S. Amazon (AMZN) store. This is a continued expansion of the company's third-party channel strategy to increase exposure to a wider pool of potential customers outside of its ecosystem.
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ICAD | Hot Stocks08:05 EDT iCAD signs new agreement with Solis Mammography - iCAD announced a new development and commercial collaboration agreement with Solis Mammography, the largest independent provider of breast screening and diagnostic services in the U.S. This collaboration will focus on using mammography to define cardiovascular risk, a new application that could identify millions of women at risk for heart disease using data obtained from their mammogram. As such, this project will result in a powerful AI solution that will quantify the presence of breast arterial calcifications in a mammogram to assess the risk of cardiovascular disease, or CVD. The new agreement will build upon the ability of iCAD's flagship artificial intelligence solution for breast imaging, ProFound AI, to both detect and quantify calcifications within the arteries of the breast. This partnership expands the companies' relationship, as Solis Mammography adopted iCAD's Breast AI Suite across its entire network in 2020.
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DICE | Hot Stocks08:05 EDT Dice Therapeutics jumps 83% to $45.02 after Phase 1 trial data of DC-806 - Shares of Dice Therapeutics are up 83% or $20.55 after the company announced results from Phase 1 clinical trial of DC-806 in patients with moderate-to-severe psoriasis.
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FLNC | Hot Stocks08:04 EDT Fluence Energy announces commercial operation of 908 MWh energy storage complex - Fluence Energy announced the commercial operation of a combined 908 MWh battery-based energy storage system complex. Located in Lancaster, California, The AES Corporation projects include the 100 MW / 400 MWh Luna Battery Storage Project and 127 MW / 508 MWh Lancaster Area Battery energy storage system comprising one of the largest energy storage complexes operating in California or around the world. In addition, the LAB energy storage system will employ Fluence Mosaic for intelligent bidding in the state's wholesale market, operated by CAISO.
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OPRX | Hot Stocks08:04 EDT OptimizeRx announces results from program with its AI/RWE technology - OptimizeRx announced results from a recent program that used its patent-pending artificial intelligence technique and real-world data to improve time to diagnosis and therapy for a complex disease. The results demonstrated a significant increase in patient identification and engagement with providers as well as a meaningful improvement in overall outcomes. During the program, the Company deployed its proprietary artificial intelligence/real-world, or AI/RWE, evidence technology, using predictive analytics methods applied to various real-world datasets to identify qualified patients approaching the eligibility window for treatment on a specialty therapy. The Company then prompted the appropriate treating physicians of these patients to consider and initiate the therapy via the use of electronic health record-based communications. The key benefits of the treatment-specific model include: Earlier Patient Identification; Data-Driven Qualification; Physician List Validation; Point-of-Care Integration. The results of the year-long case study were 28% increase in patients commencing the therapy per healthcare provider 33% of new patients from the targeted healthcare providers identified by the model.
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XTNT | Hot Stocks08:03 EDT Xtant announces closing of second tranch of $9.75M private investment - Xtant Medical Holdings announced the closing of the second and final tranche of its previously announced private placement with a select group of accredited investors led by Stavros Vizirgianakis. As previously announced, at the first closing the Company sold approximately 14.1 million shares of common stock and warrants to purchase approximately 3.5 million shares of common stock for an aggregate purchase price of approximately $6.75 million. At the second closing, the Company sold an additional approximately 6.2 million shares of common stock of the Company and warrants to purchase approximately 1.6 million shares of common stock for an aggregate purchase price of approximately $3.0 million. The Company intends to use the net proceeds from the transaction to support working capital and other general corporate purposes. The warrants are immediately exercisable and will expire on the five-year anniversary of the first closing. The gross proceeds to the Company from both tranches of the transaction are approximately $9.75 million, before deducting estimated offering expenses payable by the Company.
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ARBK | Hot Stocks07:57 EDT Argo Blockchain Chief Technology Officer Perry Hothi to step down - The company states: "Effective October 15, Perry Hothi is stepping down from his role as Chief Technology Officer at Argo and will serve as a transitional advisor to the Company. The technology function will be led by Jean Esquier, who currently serves as Vice President of Technology and Development. In addition, the Company is excited to welcome Jason Zaluski to the team as Vice President of Mining. In this role. Jason will strengthen the Company's core team and focus on optimising operations of Argo's mining fleet. Jason brings tremendous experience in blockchain technology and Bitcoin mining, having previously worked at Hut 8 Mining as Vice President of Strategic Technologies."
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ARBK | Hot Stocks07:56 EDT Argo Blockchain announces 215 bitcoin mined during September - The company states: "During the month of September, Argo mined 215 Bitcoin or Bitcoin Equivalents (together, BTC) compared to 235 BTC in August 2022. The decrease in BTC mined is primarily due to a 12% increase in average network difficulty during September. Additionally, the Company is continuing to curtail operations at its Helios facility in Dickens County, Texas during periods of high electricity prices. As of 30 September 2022, the Company held 512 Bitcoin, of which 167 were BTC Equivalents. The Company closely monitors market conditions and is actively using a variety of derivatives to manage BTC holdings and mitigate risk exposure. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in September amounted to GBP 3.78 million. Argo generated this income at a Bitcoin and Bitcoin Equivalent Mining Margin of 25% for the month of September (an increase from 20% in August 2022). The Company currently has 2.5 EH/s of total hashrate capacity and expects to complete the installation of its Bitmain S19J Pro machines by the end of October 2022. After accounting for the sale of 3,400 mining machines to a third party that was reported on 7 October 2022, the Company now expects to achieve a total hashrate capacity of 2.9 EH/s once the installation is complete."
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SKIL | Hot Stocks07:54 EDT Skillsoft affirms FY23 guidance - As part of its CFO transition announcement earlier, the company states: "Skillsoft also reaffirmed its full year fiscal 2023 outlook, originally provided on September 7, 2022 and noted that its CFO transition is unrelated to the Company's financial results, operational performance, financial reporting or accounting practices."
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DPMLF | Hot Stocks07:51 EDT Dundee Precious Metals expects resolution on Loma Larga in Q4 - DPM continues to advance the revised feasibility study for the Loma Larga project in Ecuador, which is targeted for completion by the end of 2022. Drilling activities remain paused, pending the outcome of the appeals process related to the decision on the constitutional protective action, and DPM expects resolution on this matter in the fourth quarter of 2022. DPM continues to receive strong support from the government and is working proactively with all stakeholders involved in the development of the project.
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DPMLF | Hot Stocks07:50 EDT Dundee sees 2022 production of 250K-290K oz gold, 32M-37M lbs copper
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DPMLF | Hot Stocks07:49 EDT Dundee Precious Metals reports Q3 production of 63.9K oz gold, 6.9M lbs. copper - "Chelopech and Ada Tepe continued to deliver strong production in the third quarter, with the smelter also delivering near record-level throughput," said David Rae, President and CEO. "All three operations are on track to meet our production guidance targets for 2022." During the third quarter, Chelopech delivered strong performance, producing 43,100 ounces of gold and 6.9 million pounds of copper. Gold production was in-line with expectations and copper production was lower than expected, reflecting lower copper head grades. Ada Tepe produced 20,800 ounces of gold during the third quarter, in line with expectations. Gold grades at Ada Tepe are expected to increase in the fourth quarter as per the mine plan. Both Chelopech and Ada Tepe are on track to achieve 2022 guidance. The Tsumeb smelter processed approximately 63,800 tonnes of complex concentrate during the third quarter. This represents a significant increase from the previous quarter following the completion of the planned Asumelt maintenance. Following the shutdown, the operation ramped-up to full production six days into the quarter, and thereafter demonstrated an impressive level of productivity, which resulted in near record-level quarterly production. Tsumeb is on track to meet its revised 2022 guidance.
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PZZA | Hot Stocks07:46 EDT Papa John's celebrates opening of 200th restaurant in Canada - To celebrate the opening of its 200th restaurant in Canada, Papa John's International is thanking customers in Canada through two special offers: On Saturday, Oct. 15, Papa Johns restaurants across Canada will offer a large one-topping pizza for only $8.99, available for carry-out between 11 a.m. and 4 p.m. local time, to customers who use promo code STORE200 when ordering through PapaJohns.ca or the Papa Johns mobile app From Sunday, Oct. 16 to Thursday, Oct. 20, customers are invited to double the enjoyment of their pizza night. By using promo code 200STORES when ordering through PapaJohns.ca or the Papa Johns mobile app, customers who buy one large pizza at regular price may order a second large pizza, of equal or lesser value, for only 200 cents.
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TBPMF | Hot Stocks07:45 EDT Tetra Bio Pharma, Prepaire jointly apply to BARDA for funding - Tetra Bio-Pharma announced it has successfully submitted, in collaboration with Prepaire, a grant application to the Office of Biomedical Advanced Research and Development Authority , Division of Research, Innovation and Ventures The project aims at improving the management of patients exposed to pulmonary or nerve chemical agents and optimize their clinical trajectories to minimize the outcome following mass casualty events.Guy Chamberland, CEO, and CRO at Tetra commented "CWA attacks substantially increased over the last decade in certain regions of the globe, but the treatment of civilian populations stayed the same over the last 50 years and is mainly about advanced life support. Prepaire's disruptive technology, Prepaire Shield, together with our onternabez compound, has the potential to unveil new combination treatments to improve the management of choking and nerve agent victims. I'm excited by this innovative drug discovery approach and the opportunity in front of us."
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NJDCY | Hot Stocks07:43 EDT Nidec calls Toyo Keizai Online article 'completely wrong' - The company said, "Nidec Corporation has noted that Toyo Keizai Online published an article on October 7, 2022 which expresses doubts that Nidec is conducting inappropriate processing in the acquisition of treasury stock. The article is completely wrong. Nidec complies with the laws and regulations and is considering legal measures against the media."
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WNRS | Hot Stocks07:42 EDT Winners reports month to month revenue increase of over 58% - Winners announced that its start to the College and NFL Football season continues with month to month revenue increase of over 58% comparing September 2022 to August 2022. Revenues are projected to continue to increase when comparing October 2022 to September 2022. The metrics for the customer acquisition funnel ad campaigns are substantially increasing our database of sports gamblers materially increasing subscription and referral-based income for both subsidiaries. Month-to-month revenue increased over 58% in September compared to August. New and renewing subscribers continued to increase due to new innovative marketing campaigns and providing high quality content, analysis, research, data, guidance as well as other positive factors.
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BKBEF | Hot Stocks07:39 EDT Pipestone Energy announces conversion of convertible preferred shares - Pipestone Energy announced the voluntary early conversion of all the outstanding convertible preferred shares of the Company by the holders thereof. This early conversion further confirms the ongoing support for Pipestone provided by its major shareholders, Riverstone Pipestone LP, GMT Capital Corp., and GMT Exploration Company LLC. On September 17, 2020, Pipestone issued $70 million of CP Shares, the proceeds of which were used to resume its development program amidst the severe commodity price decline due to the COVID-19 pandemic in the first half of 2020. This financing provided the Company with the necessary capital to continue efficiently growing its asset, from ~13,700 boe/d in Q3 2020 to ~30,800 boe/d as of Q2 2022. The CP Shares carried a conversion price of $0.85 per share, as well as a 6.5% dividend entitlement, payable in arrears. The holders of the CP Shares had the right to convert their CP Shares at any time. After the second anniversary of issuance, if the common shares of the Company were trading in excess of $1.70 per share for 20 days over a 30-day trading period and Pipestone had an effective shelf prospectus covering resales of the underlying Common Shares, all of the CP Shares outstanding at such time would be automatically converted into Common Shares at the conversion price. Pursuant to the terms of the CP Shares, for a period of two years from the date of issuance, accrued and unpaid dividends were added to the liquidation preference of the CP Shares. After two years, at the option of the Company, dividends could be declared and paid in cash, including the cumulative PIK accruals, if the CP Shares were not voluntarily converted by the holders thereof. These two factors in combination have led to the early conversion of the CP Shares by the holders thereof. On September 30, 2022, the date of the conversion notices, the CP Shares had a liquidation preference, including the PIK accruals, of $79,850,406.82, and were converted into an aggregate of 93,941,655 Common Shares on October 5, 2022. No dividends were declared or paid on the CP Shares while they were outstanding. Pro forma, Pipestone now has 279,442,517 Common Shares outstanding. In preparation for the early mandatory conversion of the CP Shares in the event the holders thereof did not voluntarily convert their CP Shares, Pipestone filed a shelf prospectus which became effective on September 30, 2022. While the shelf prospectus provides the Company future flexibility with respect to the issuance of various securities, it currently has no contemplated plan to raise capital. At current commodity prices, Pipestone expects to continue generating significant free cash flow.
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ARAY | Hot Stocks07:38 EDT Accuray announces results of the PACE-B comparative trial - Accuray announced today that results of the PACE-B - Prostate Advances in Comparative Evidence - trial were published in The Lancet Oncology. As previously reported, the trial indicates that two years after treatment, patients treated with the company's CyberKnife robotic radiotherapy platform, when compared with conventional linear accelerators, have a lower incidence of late grade two or higher bladder toxicities, which are associated with prostate cancer stereotactic body radiation therapy, SBRT, treatments. This is the most recent data highlighting the benefits of the platform which has been used in the treatment of prostate cancer for almost 20 years. SBRT treatments involve the delivery of very high doses of externally administered radiation over a small number of sessions, offering convenience for patients, compared with conventional radiation therapy which requires substantially more treatment sessions. In the PACE trial, SBRT was delivered in 5 sessions while conventional radiation therapy was delivered in 20 or 39 sessions. Jean-Philippe Pignol, M.D., Ph.D., chief medical & technology officer at Accuray said, "As the adoption of SBRT for the treatment of prostate cancer continues to grow, we anticipate that CyberKnife SBRT will become an increasingly important part of a hospital's program for the treatment of low- and intermediate-risk, and recurrent disease, especially since prostate patients represent a large volume of radiotherapy indications."
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PTOTF | Hot Stocks07:37 EDT Patriot One's SmartGateway selected by OVG360's Angel Of The Winds Arena - Patriot One Technologies announced its SmartGateway physical security solution was selected by OVG360's Angel Of The Winds Arena in Everett, Washington.
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AAL | Hot Stocks07:37 EDT American Airlines sees Q3 operating margin 7%, pretax margin 4.5% - The company's previous pretax margin guidance was 2%-4%.
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CDXC | Hot Stocks07:36 EDT ChromaDex enters Niagen license, supply agreement with Nestle Health Science - ChromaDex announced a new long term commercial license and supply agreement with Nestle Health Science. The new agreement expands the previous supply agreement executed in 2018 to include dietary supplements. The agreement provides Nestle Health Science the non-exclusive right to manufacture, market, distribute, and sell products using nicotinamide riboside or NR, trademarked Niagen, under its brands world-wide, except where ChromaDex has existing exclusive distribution agreements. Approved product categories include medical nutritional, functional food and beverage, and multi-ingredient dietary supplements. Consideration for the rights granted to Nestle Health Science under the agreement include a $1.98M initial purchase of Niagen. ChromaDex will also receive certain future commercial milestone payments upon achievement of certain net sales targets and tiered royalties relating to net sales. In conjunction with the agreement, the company entered into a securities purchase agreement where Nestle Health Science agreed to purchase 3,816,794 shares of the company's common stock, based on the volume weighted average price of the company's common stock for the ten trading days preceding October 10 for gross proceeds of $5M pursuant to a registered direct offering. The securities purchase agreement contains customary representations, warranties and agreements by the company and customary conditions to closing.
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PINE | Hot Stocks07:36 EDT Alpine Income Property provides corporate update - Alpine Income Property Trust provided an update on its recent corporate and investment activities: Disclosed that it sustained no material damage to its properties from Hurricane Ian; Sold six net lease properties during the third quarter of 2022 for total disposition volume of $50.5M at a weighted average exit cap rate of 5.5%, generating total gains of $11.6M; Acquired nine net lease retail properties during the Q3 for total acquisition volume of $36.7M, reflecting a weighted average going-in cash cap rate of 7.1%; Collected 100% of contractual base rents due during the Q3; Entered into interest rate swaps for the previously unhedged portions of its 2026 and 2027 term loans, fixing SOFR over the remaining life of the term loans; Formally relocated the Company's corporate headquarters from Daytona Beach, Florida to downtown Winter Park, Florida. The Company's new headquarters are now located at 369 N. New York Ave., Suite 201, Winter Park, FL 32789.
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SKIL | Hot Stocks07:36 EDT Skillsoft announces appointment of Richard Walker as CFO - Skillsoft announced that it has appointed Richard Walker, Skillsoft's current Chief Corporate Strategy and Development Officer, as Chief Financial Officer, effective October 28 . Gary Ferrera, Skillsoft's current CFO, is stepping down to pursue personal interests and will remain with the Company through December 2022 to ensure a smooth transition. Following the transition, Mr. Walker will maintain his corporate strategy and development responsibilities, thereby streamlining the Company's executive leadership team and creating a more focused organizational structure.
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DOCRF WHTCF | Hot Stocks07:36 EDT CloudMD announces divestment of primary care clinics, Cloud Practice for $5.75M - CloudMD Software & Services (DOCRF) announces that it has entered into a definitive agreement with Well Health Technologies Corp. (WHTCF) for the sale of its British Columbia based primary care clinics and Cloud Practice, its cloud-based electronic medical records and practice management software, for approximately $5.75 million in cash. In connection with the Transaction, CloudMD has agreed to sell to WELL its brick-and-mortar primary care clinics, HealthVue and South Surrey Medical, as well as its Cloud Practice software, which includes Juno EMR and ClinicAid. CloudMD will retain ownership of its online patient portal, MyHealthAccess, and will retain the right to use Juno EMR, which have both been integrated into its Kii Personalized & Connected Care offering. The divestitures of the clinics and Cloud Practice will not affect the services CloudMD currently delivers within its core business and is not expected to have a material impact on the Company's EBITDA or operating cash flows. The Company's divestment of the Clinics and Pharmacies Division is part of the Company's previously announced overall plan to focus on the performance of its core businesses, Enterprise Health Solutions and Digital Health Solutions. Divesting these non-core assets will provide additional near-term capital to support the continued growth and innovation of the Company's employer healthcare offering and allow the Company to focus on improving gross margins and driving profitability. The consideration to be paid by WELL in connection with the Transaction is $5.75 million, with $5.1 million being paid in cash at closing and the balance being subject to a holdback. Subject to satisfying the closing conditions, closing of the Transaction is expected in Q4 2022.
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AAL | Hot Stocks07:35 EDT American Airlines sees Q3 CASM up about 14% vs. 2019 - During the third quarter, the company flew 68.6 billion total available seat miles, down 9.6% versus the third quarter of 2019, compared to its prior guidance of down 8% to 10%. Third quarter total revenue per available seat mile, or TRASM is expected to be up approximately 25% versus the third quarter of 2019, higher than the company's previous guidance of up 20% to 24%. The company expects its third quarter CASM to be up approximately 14% versus 2019, compared to its previous guidance of up between 12% and 14%.
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ANVS | Hot Stocks07:35 EDT Annovis Bio announces publication of Phase 2a clinical data on buntanetap - Annovis Bio announced the publication of Phase 2a clinical study data in The Journal of Prevention of Alzheimer's Disease. The published study, titled 'Buntanetap, a Novel Translational Inhibitor of Multiple Neurotoxic Proteins, Proves to Be Safe and Promising in Both Alzheimer's and Parkinson's Patients', evaluated safety, pharmacokinetics, biomarkers, and efficacy of buntanetap in treating early Alzheimer's Disease and Parkinson's Disease patients. The study demonstrated that buntanetap was well tolerated, safe and significantly improved cognition in AD patients and motor function in PD patients. "Given the short duration of our Phase 2a clinical trial, we are delighted to see that patients treated with buntanetap had a statistically significant improvement in cognition and function," said Maria L. Maccecchini, Ph.D., Founder, President, and CEO of Annovis Bio. "We believe that the effects on cognition and motor function after such a short treatment are due to buntanetap's ability to restore neuronal function through the improvement of axonal integrity, synaptic transmission, and reduction of inflammation." Annovis has begun dosing patients in the Company's Phase 3 clinical trial evaluating buntanetap in early PD. The Phase 3 trial is a randomized, double-blind, placebo-controlled trial investigating the efficacy, safety, and tolerability of buntanetap. The trial will enroll a total of 450 early PD patients to be treated with 10mg buntanetap, 20mg buntanetap or a placebo, on top of their standard of care for six months.
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VERO BHC | Hot Stocks07:35 EDT Venus Concept appoints Hemanth Varghese as Chief Business Officer - Venus Concept (VERO) announced the appointment of Hemanth Varghese to the position of President & Chief Business Officer, effective October 17. Before joining Venus Concept as President and Chief Business Officer, Varghese served as Senior Vice President of Strategy & Operations at HLS Therapeutics from 2017 to 2022. He previously worked for Endo International, a multinational healthcare company, from 2014 to 2017 as President of International Pharmaceuticals and Executive Vice President of Corporate Development & Strategy. From 2009 to 2014, Varghese served as General Manager of Vision Care at Bausch & Lomb (BHC) and Senior Vice President of Corporate Development at Valeant Pharmaceuticals. He has also held leadership roles in venture capital and corporate development enterprises with a specialization in healthcare technology, medical devices and imaging modalities. Varghese has an Honors BSc and a PhD in Medical Biophysics from Western University and is a CFA charterholder.
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WHTCF DOCRF | Hot Stocks07:34 EDT Well Health to acquire EMR, Billing, Clinical Assets from CloudMD for $5.57M - WELL Health Technologies (WHTCF) announces it has entered into an agreement to acquire Cloud Practice and three clinics from CloudMD Software & Services (DOCRF). Hamed Shahbazi, CEO and Founder of WELL, said, "This transaction demonstrates our dedication to expanding and strengthening WELL's Canadian healthcare offering through disciplined capital allocation. This acquisition will also enable our EMR and billing divisions to enter new markets in the Canadian Prairies where we look forward to supporting healthcare practitioners' access to new digital health innovations." The three primary care clinics being acquired in the Transaction currently have a total staff of 20 physicians operating out of two clinics in Vancouver, BC and one clinic in Surrey, BC. These three clinics will be integrated into WELL's existing primary care clinic network under WELL Health Canada Clinics. The consideration to be paid by WELL in connection with the Transaction is $5,750,000, with $5,100,000 to be paid in cash at closing, and the balance subject to customary post closing adjustments and holdbacks. Closing of the Transaction is expected in Q4 2022 and is subject to standard closing conditions.
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ONTF | Hot Stocks07:33 EDT On24 announces Callan Young as next chief marketing officer - ON24 announced Callan Young as its next chief marketing officer. She joins ON24 with deep experience in enterprise B2B software and building demand generation models that drive revenue growth. Young will spearhead the organization's go-to-market strategy, continuing to expand momentum and adoption of the company's digital engagement platform.
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BBIO | Hot Stocks07:32 EDT BridgeBio doses first patient in phase 1/2 clinical trial of BBP-398 - BridgeBio Pharma announced that the first patient with non-small cell lung cancer, or NSCLC, has been dosed in its Phase 1/2 clinical trial of BBP-398, an investigational SHP2 inhibitor, with Amgen Inc.'s LUMAKRAS the first and only currently approved targeted treatment for patients with KRAS G12C-mutated locally advanced or metastatic NSCLC, in advanced solid tumors with the KRAS G12C mutation. Approximately 30,000 people are diagnosed with KRAS G12C-mutated NSCLC in the US each year and the KRAS G12C mutation is one of the most frequent oncogenic mutations in the US and Europe. By combining SHP2 inhibition with KRAS G12C inhibition in patients with the KRAS G12C mutation, there is potential to prevent oncogenesis and overactive cellular proliferation. The Phase 1/2 study will include a dose escalation period followed by dose expansion and optimization, and is designed to evaluate the safety, tolerability, pharmacokinetics, pharmacodynamics and preliminary efficacy of BBP-398 in combination with LUMAKRAS.
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NEPH | Hot Stocks07:32 EDT Nephros to sell Pathogen Detection Systems to BWSI - The company has entered into an asset purchase agreement pursuant to which it will sell substantially all of its assets used in its PDS business to BWSI, a privately held firm that invests in technology for the advancement of public health by better management of water. The parties expect the transaction to close in mid-November of this year, subject to customary closing conditions. Pursuant to the purchase agreement, BWSI will assume all liabilities of the PDS business arising after the closing. In addition, for a period of seven years commencing in 2023, Nephros will be entitled to share a portion of gross profits from the commercialization of the company's PDS products and technologies. "We are very pleased with the progress achieved in the PDS business over the past couple of years with our highly competitive, qPCR-based, waterborne pathogen testing products," said Andy Astor, President and Chief Executive Officer. "However, after significant consideration, we made the strategic decision to leverage the value we created to support the long-term goals of our primary business in water filtration We are deeply focused on our commitment to achieve positive net cash flow by mid-2023, and we expect this sale to reduce our expenses by approximately $350,000 per quarter. We also believe the potential for earn-out payments will provide an opportunity to realize future revenue in the coming years."
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ALYA | Hot Stocks07:31 EDT Alithya Group enters two-phased agreement with Canadian University - Alithya Group has entered into a two-phased agreement with a top-tier Canadian University to assist the institution in advancing its digital transformation processes, constituting the largest CRM project to date in Alithya's Higher Education space. Alithya's client is one of Canada's top 10 largest higher education institution in terms of enrollment. Phase 1 of the project will focus on digital solutions for harmonizing and enhancing the student experience in terms of recruitment, the application process, and admissions functions for graduate and undergraduate students. Phase 2 will target student engagement, with the implementation of technologies to support the institution in enhancing its student advisory services, better managing co-curricular activities, and monitoring graduate milestones and student petitions. "We are thrilled to again be selected as a trusted partner of choice in taking these important steps forward in the institution's digital transformation journey. This project complements our recent announcement of an agreement reached with another Canadian institution to assist in fast-tracking the digital transformation of its administrative processes and student-focused experiences and reflects the growing reputation of Alithya's unparalleled expertise in the Higher Education sector."
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SNOW | Hot Stocks07:21 EDT Snowflake announces Logic has expanded it partnership to include global markets - Logic announced that it has expanded its partnership with Snowflake, the Data Cloud company, to now include global markets spanning Asia-Pacific, Europe, Latin America, and the Middle East and Africa, as well as its deeply staffed offshore development centers in India and Nepal. Logic's expansion will extend the power of the Data Cloud globally, building on its go-to-market and delivery capabilities as a Snowflake Premier Partner. "With Snowflake and Logic's expanded partnership, we can further help retailers around the world compete, and win, on data and analytics," says Paul Winsor, Head of Retail and CPG for EMEA and APAC at Snowflake. "Retailers and CPGs can now connect with more partners and each other in the Data Cloud, enabling them with data-driven insights that will help them better serve their customers."
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LASE | Hot Stocks07:20 EDT Laser Photonics receives order from U.S. Navy - Laser Photonics Corporation announced it received an order from the U.S. Navy for delivery this month of an LPC-1000CTH CleanTech Laser Blasting System with an integrated water chiller for submarine MRO.
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FRT | Hot Stocks07:19 EDT Federal Realty announces setting of science-based GHG reduction targets - Federal Realty Investment Trust announced it has set a target approved by the Science Based Targets initiative to reduce Scope 1 and 2 greenhouse gas emissions by 46% between 2019 and 2030. Other key components of Federal's efforts include: Use of renewable energy through installation of on-site solar arrays. Federal's current solar portfolio has a generating capacity of 14 MW, more than any other publicly traded shopping center company, with more solar projects currently in development and planning; Purchasing green power from suppliers where possible. In 2021, approximately 60% of the electric power used by Federal was generated from solar or other green power sources; Delivering energy efficient buildings with new construction. Our two newest projects delivered at Assembly Row containing 330,000 SF of commercial space and 500 residential units have recently achieved LEED Gold certification bringing our total investment in completed LEED certified buildings to nearly $1.8 billion and 4.3 million SF; Upgrading common area lighting at all of our shopping centers to energy efficient LED lighting. A multi-year project to complete those upgrades is currently underway; Inclusion of resiliency considerations in the ongoing maintenance, operation and redevelopment of our properties
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BR | Hot Stocks07:16 EDT Broadridge teams with MX to power data aggregation, financial wellness solution - Broadridge Financial Solutions announced a strategic partnership with open finance leader MX to utilize the company's financial data aggregation and personalized financial management automation solutions. This solution will provide financial advisors with a 360 degrees customer view and enable Broadridge to enhance its enterprise expertise, deliver personalized financial insights at scale and strengthen data governance with MX's secure money management platform and automated financial health insights. "Investors today have an unprecedented level of control over their assets, but the current market environment has reminded us that it is still beneficial to have access to the personal touch of an advisor. Through this strategic partnership with MX, we are ensuring that the advisor's touch is not just personal, but also timely and driven by intelligence and data," said Mike Alexander, President of Wealth Management at Broadridge. "By combining Broadridge's expertise in investment data with MX's deep understanding of frictionless money experiences, our financial advisor clients will now have access to a new comprehensive offering that provides a more personal and holistic view to financial planning."
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AGFAF | Hot Stocks07:16 EDT Agra Ventures 'applauds' Biden's statement on cannabis reform - Agra Ventures applauds President Joseph Biden's recent statement regarding cannabis reform at the Federal level of the United States. This is a meaningful time for the cannabis industry, not only in the US but also around the world. Even though AGRA doesnt currently have operations in the US, I believe that the Statement by President Biden has already made a positive impact on the valuation and reputation of the North American cannabis sector as a whole, said Nick Kuzyk, Interim CEO, AGRA Ventures Ltd. Although more changes need to occur, the Statement was definitely a pleasant surprise. It is a step in the right direction as continues the global trend of relaxing the criminalization of cannabis, just in time for the four-year anniversary of legalization in Canada, added Mr. Kuzyk.
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CABA | Hot Stocks07:15 EDT Cabaletta Bio, IASO Biotherapeutics announce exclusive license agreement - IASO Biotherapeutics and Cabaletta Bio announced that the companies entered into an agreement pursuant to which Cabaletta obtained from IASO Bio an exclusive, worldwide license to develop, manufacture and commercialize a clinically validated fully-human CD19 binder for use in product that is designed to modify T cells in treatment of autoimmune diseases. IASO Bio is entitled to receive up to approximately $162M in aggregate payments, including an upfront payment and potential development and sales milestone payments across up to two products, as well as royalties. IASO Bio has the right of first negotiation to develop and commercialize Cabaletta's products using the licensed sequence in the Greater China region. "Our collaboration with IASO Bio allows Cabaletta to utilize a CD19 binder in CABA-201, our newly designed, CD19-targeting CAR T product candidate. The CD19 binder has been clinically evaluated with safety data that we believe support clinical development in patients with autoimmune diseases," said Steven Nichtberger, M.D., Chief Executive Officer and Co-founder of Cabaletta. "We are excited to progress CABA-201 forward in our effort to develop therapies that deliver deep, durable and potentially curative responses for patients with autoimmune diseases."
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NXHSF HYMTF | Hot Stocks07:15 EDT Next Hydrogen Solutions delivers alkaline electrolyzer module to Hyundai Motor - Next Hydrogen Solutions Inc. (NXHSF)announced that it has delivered to Hyundai Motor Company (HYMTF) a proof of concept alkaline electrolyzer module incorporating Hyundai Motor cell components.
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RTX | Hot Stocks07:14 EDT Raytheon's RTX Ventures invests in H55 - RTX Ventures, the venture capital arm of Raytheon Technologies, has made a minority investment in electric propulsion system company H55 to drive the development of electric aviation solutions. The investment in H55 aligns with Raytheon Technologies' longstanding leadership in the development of innovative and sustainable propulsion technologies. As part of this investment, H55 will benefit from RTX Ventures' guidance in supporting H55's plans to accelerate electric propulsion solutions and battery systems. H55 is already working with the company to develop and demonstrate hybrid-electric propulsion technologies. RTX Ventures will also facilitate opportunities to work together on future product development.
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AVRO | Hot Stocks07:14 EDT Avrobio reports data on combined use of two assays - Avrobio reported data on the combined use of two assays to evaluate the genotoxicity risk of integrating vectors used in hematopoietic stem cell, or HSC, gene therapy prior to clinical use, at the 29th Annual Congress of the European Society of Gene & Cell Therapy in Edinburgh, Scotland. In collaboration with Professor Axel Schambach, Institute of Experimental Hematology, Hannover Medical School, Germany, Avrobio is pioneering the use of two advanced preclinical cell-based assays -- in vitro immortalization assay and the novel surrogate assay for genotoxicity assessment -- to evaluate viral vectors before they move into clinical programs. Together these assays are designed to assess which vectors are less likely to exhibit genotoxic behavior and monitor if these vectors activate proto-oncogenes. Avrobio uses these assays to inform vector selection during preclinical development. In addition, to date, Avrobio has seen no cases of insertional oncogenesis in any of its clinical programs. In its research, Avrobio used the two assays in combination to determine the potential genotoxicity risk of six lentiviral vectors. Five of the vectors used the EF1 alpha short promoter, while the sixth vector used the modified enhancer/promoter of the murine myeloproliferative sarcoma virus, or MND, promoter. Vectors were compared to a non-transduced mock control and a positive genotoxic control, the non-SIN gamma-retroviral vector. The in vitro immortalization assay quantifies the risk of vector-induced cellular transformation. The technique assesses genotoxicity by determining how likely a vector is to insert near and activate proto-oncogenes, such as Mecom, and lead to an over-proliferation of cells. In this study, to quantify the risk of vector-induced cellular transformation, mouse hematopoietic stem and progenitor cell proliferation was monitored after transduction. IVIM determined that the five EFS vectors drove cell growth in a manner indistinguishable from non-transduced cells. The vector using the MND promoter, however, exhibited cell growth that was statistically significantly different from non-transduced cells and similar to the positive genotoxic control. The second and newer assay assesses genotoxicity more directly. The novel surrogate assay for genotoxicity assessment relies on the observation that genotoxic vectors induce a unique gene expression signature that is linked to stemness and oncogenesis in mouse HSPCs. Machine learning algorithms developed from transcriptional data of known genotoxic vectors are used to estimate the transformational potential of candidate vectors. The SAGA assay can evaluate vectors with known genotoxic potential with an accuracy of 90.9%. In this study, SAGA data showed that the five vectors with EFS promoters were statistically distinct from the genotoxic positive control and therefore displayed lower genotoxic risk, whereas four of nine samples from cells transduced with a lentiviral vector containing an MND internal promoter had gene enrichment scores associated with insertional oncogenesis. These findings enable the estimation of clinically translatable insertional oncogenesis risk of integrating vectors during preclinical development. Avrobio uses the EFS promoter in its clinical programs.
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LYB | Hot Stocks07:13 EDT LyondellBasell forms joint venture with 23 Oaks Investments - LyondellBasell and 23 Oaks Investments signed an agreement to create Source One Plastics, a joint venture that will build an energy efficient, advanced plastic waste sorting and recycling facility in Germany. Using renewable energy from wind and biomass, the new unit is designed to process the amount of plastic packaging waste generated by approximately 1.3 million German citizens per year. The Source One Plastics facility will produce processed waste that will provide a material part of the feedstock for an advanced recycling plant that LyondellBasell plans to build at its Wesseling, Germany, site. Using LyondellBasell's proprietary MoReTec technology, this plant will be the first commercial scale, single-train advanced recycling plant, designed to demonstrate its capability for further scalability. LyondellBasell's new plant is designed to convert hard-to-recycle post-consumer plastic waste into feedstock for new plastic materials. Once in operation, it will enable recycling of most types of plastic materials such as multi-layered food packaging items or mixed plastic containers. "We are committed to supporting our customers to meet their demand for renewable and circular solutions," says Yvonne van der Laan, LyondellBasell Executive Vice President, Circular and Low Carbon Solutions. "To truly achieve a circular economy, we have to find creative solutions to meet society's needs. We are taking an important first step into the upstream side of the business to secure access to plastic waste that we will convert into new plastic materials at our advanced recycling plants. This will enable us to meet our circularity ambition and produce two million tonnes of polymers from recycled or renewable resources annually by 2030."
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TITUF | Hot Stocks07:13 EDT CVW Cleantech appoints Pierre Lassonde as special advisor - CVW CleanTech announced that the non brokered private placement originally announced on September 6, 2022, with an upsize announced on September 20, 2022 has been closed. In addition, CVW CleanTech would like to announce the appointment of Pierre Lassonde, CM, OQ, as a Special Advisor to the CEO and Board of Directors coupled with his investment in the Company. Lassonde will lend his considerable experience and knowledge by providing strategic insights to the CEO and Board of Directors on corporate strategy, sustainable investing and alternative financing strategies. Mr. Lassonde has participated in the Financing by purchasing 208,333 each of common shares and warrants, representing approximately 17.9% of the Financing. Mr. Lassonde now holds 3,242,333 common shares and 708,333 warrants of the Company, representing approximately 2.7% and 3.3% of the Company's issued and outstanding common shares on an undiluted and partially-diluted basis respectively.
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MRCY | Hot Stocks07:11 EDT Mercury Systems mission computer for Airbus A330 receives certification - Mercury Systems announced that the mission computer built for the Airbus A330 MRTT allowed the tanker to receive the world's first certification for automatic air-to-air refueling, or A3R, boom operations. Mercury Mission Systems International, located in Switzerland and Spain, delivered a purpose-built computer for Airbus based on the commercial off-the-shelf ROCK family of pre-integrated subsystem platforms that draw from a range of safety-certifiable modular COTS building blocks, addressing both the need for high-end video processing and the safety-criticality of the application. The system handles video streams with very low latency across multiple processors while meeting stringent DO-178 and DO-254 software reliability processes.
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TECH | Hot Stocks07:11 EDT Bio-Techne introduces new Simple Plex AAV viral titer assays - Bio-Techne and PROGEN announced the release of three new Simple Plex Adeno-Associated Virus, AAV, viral titer assays for intact AAV capsid quantification. Featuring best-in-class AAV reagents from PROGEN-a leader in AAV antibodies, ELISAs, and controls-the new Simple Plex AAV1, AAV6, and AAV8 viral titer assays provide users with a fully automated and quantitative method of vector analysis. "AAV vectors remain powerful tools in gene therapy research and development," said Will Geist, President of BioTechne's Protein Sciences segment. "The improved range of detection achievable with our Simple Plex viral titer assays is particularly useful for AAV capsid titer assessment, as samples need fewer dilutions to meet the linear range of the assay. Ella provides a wide dynamic range and high precision, ensuring you get the high-quality data required to meet regulatory standards for AAV titration throughout bioproduction workflows."
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HZON FXJ | Hot Stocks07:10 EDT Flexjet to become public through Horizon Acquisition Corp. II combination - Flexjet and Horizon Acquisition Corp. II (HZON) announced a definitive business combination agreement that will result in Flexjet becoming a publicly listed company. Upon the closing of the transaction, Flexjet is expected to be listed on the NYSE under the ticker symbol (FXJ). The transaction values the combined company at a pro forma enterprise value of $3.1B, representing 10.8x projected 2022 adjusted management EBITDA of approximately $288M. The majority of proceeds in the business combination are expected to be held on the company's balance sheet. The transaction is backstopped with an up to $300M common equity capital commitment from Eldridge Industries and Horizon's sponsor, which consists of $155M in non-redemption agreements and an up to $145M redemption back-stop. Upon the closing of the transaction and assuming the full redemption back-stop is utilized, existing Flexjet shareholders are expected to own 89% of the combined company. In the event there are fewer redemptions from Horizon's trust account, such ownership percentage would be reduced by existing Horizon public shareholders. The boards of directors for both Flexjet and Horizon have approved the proposed business combination, which is expected to be completed in the second quarter of 2023, subject to shareholder approvals and other customary closing conditions, as well as successful completion of the pending solicitation of shareholders to extend Horizon's period to complete a business combination transaction.
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RHHBY | Hot Stocks07:10 EDT Roche announces launch of PRAME antibody for identification of melanoma - Roche announced the launch of Anti-PRAME, EPR 20330, Rabbit Monoclonal Primary Antibody to identify PRAME protein expression in tissue samples from patients with suspected melanoma. "Because the PRAME, or PReferentially expressed Antigen in MElanoma, protein is expressed in most melanomas, the PRAME Antibody is used as an aid to differentiate between benign and malignant lesions to help improve diagnostic decisions. If PRAME expression is detected, this suggests that the lesion is malignant," Roche stated. More information about PRAME will be presented at the International Academy of Pathology 2022 World Congress in Sydney, Australia on October 14, the company noted.
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DNA MRK | Hot Stocks07:09 EDT Ginkgo Bioworks announces collaboration with Merck - Ginkgo Bioworks (DNA) announced a collaboration with Merck (MRK), known as MSD outside the United States and Canada, to engineer up to four enzymes for use as biocatalysts in Merck's active pharmaceutical ingredient, API, manufacturing efforts. Through this collaboration, Ginkgo will leverage its extensive experience in cell engineering and enzyme design, as well as its capabilities in automated high throughput screening, manufacturing process development/optimization, bioinformatics and analytics to deliver optimal strains for expression of targeted biocatalysts. "Merck is a pioneer in biocatalysis, improving manufacturing of crucial medicines. We're thrilled to be partnering with Merck, and to be leveraging our platform capabilities for improved enzyme activity and production" said Jason Kelly, co-founder and CEO at Ginkgo. "Ginkgo's platform model enables us to identify improved enzymes and develop powerful fungal strains and fermentation processes for enzyme manufacturing, empowering downstream API production for our customers." Under the terms of the collaboration, Ginkgo will earn an upfront research and development fee and is eligible for success-based research and development milestone payments. In addition, Ginkgo is eligible to earn commercial milestone payments for each of a specified number of biocatalysis targets, which have the potential to total, in the aggregate, up to $144 million.
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SYNH | Hot Stocks07:09 EDT Syneos Health and Datavant expand partnership - Syneos Health announced an expanded partnership with Datavant. The increasing collaboration between the companies will further leverage the full suite of capabilities in Datavant Switchboard and Datavant's large data ecosystem to accelerate the clinical development and commercialization of new therapies for patients. Syneos Health will use Datavant Switchboard to develop advanced analytics and AI-driven technologies to execute more efficient clinical trials, creating an improved experience for patients, sites and biopharmaceutical customers. Additionally, the relationship empowers HEOR, Medical Affairs, Market Access and Commercialization analytics and insights to drive better analysis for Syneos Health's biopharmaceutical customers' products.
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UK | Hot Stocks07:08 EDT Ucommune International, Zuhai Gree enter into an agreement - Ucommune International signed a cooperation agreement with Zhuhai Gree Real Estate Co., Ltd., a subsidiary of Zhuhai Gree Group for a coworking project named "Gechuang Zhixing Ucommune", located on the 11th floor of Yuhai World Financial Center in Zhuhai, China. By repositioning, designing and upgrading the space, Ucommune and Zhuhai Gree Real Estate Co., Ltd. will leverage their strategic advantages and resources to jointly create a benchmark project of coworking. As per the agreement, the cooperation period will last from October 1, 2022 to December 31, 2027 with renovation period starting from October 1, 2022 to December 31, 2022. The facility will begin operating on January 1, 2023. Seated in the core gateway area of the Guangdong-Hong Kong-Macao Greater Bay Area, the Project is reachable within 5 kilometers to multiple transportation hubs in the city including Gongbei Port, Hong Kong-Zhuhai-Macao Bridge, and Jiuzhou Port. The Project expects to complete the overall upgrade and refurbishment in the first quarter of 2023, creating a new service model integrating industry capacity and coworking ecosystem with a spatially design. Ucommune and Zhuhai Gree Real Estate Co., Ltd. intend to jointly build a digital intelligent platform to complete closed-loop of property management ecosystem from offline to online, connecting physical community to digital system to improve the overall project operation efficiency. A cafe and food court will also be deployed in this Project, aiming for the simultaneous development of several business models.
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BABYF | Hot Stocks07:07 EDT Else Nutrition launches in China - ELSE NUTRITION HOLDINGS announces that it launched its flagship Chinese store on Tmall Global on September 29 and is now selling Else Nutrition Toddler Formula and Baby Cereal products directly to Chinese consumers through the store. The opening of the Chinese market is the third market for Else in its international expansion. This is the second new market for Else this year, following the company entering Canada in June.
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SEE | Hot Stocks07:07 EDT Sealed Air announces that CFO Christopher Stephens intends to retire - SEE announced that Christopher J. Stephens, SEE's Senior Vice President and Chief Financial Officer, has informed the Company of his intent to retire. Stephens will continue in his role as Senior Vice President and Chief Financial Officer until a successor is in place to ensure a seamless and successful transition of responsibilities. The Company has retained a leading executive search firm to assist in conducting a comprehensive search process to identify Stephens' successor, with both internal and external candidates being considered.
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ALBO | Hot Stocks07:07 EDT Albireo Pharma announces results from Phase 3 ASSERT study - Albireo Pharma announced positive topline results from the Phase 3 ASSERT study evaluating the safety and efficacy of Bylvay in Alagille syndrome, or ALGS, patients from birth to early adulthood. The global, double-blind, randomized, placebo-controlled trial met its primary endpoint of improvement in pruritus and its key secondary endpoint of reduction in serum bile acids. There were no patient discontinuations and Bylvay was well tolerated, with low rates of drug-related diarrhea. Albireo has engaged in discussions with the FDA and EMA about the Phase 3 study design, both have indicated that a successful single study would be sufficient for approval. The Company plans to immediately submit regulatory filings in the U.S. and EU. Alagille syndrome, or ALGS, is a rare, multisystem genetic disorder that the Company estimates impacts 25,000 people globally. ALGS can affect the liver, heart, skeleton, eyes, central nervous system, kidneys and facial features.
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VYGR | Hot Stocks07:07 EDT Voyager Therapeutics present data on discovery of novel cell surface receptor - Voyager Therapeutics presented data on the discovery of a novel cell surface receptor identified as a binding receptor for a family of Voyager's next-generation TRACER AAV capsids. This receptor is expressed in human central nervous system and brain endothelial cells, increasing the potential for the associated capsid family to translate into humans. In addition, Voyager presented preclinical data demonstrating the potential for ultra-low dosing with a separate next-generation TRACER capsid family. These and other data were presented by Voyager at the European Society of Gene & Cell Therapy 29th Annual Congress in Edinburgh, Scotland. Details of Voyager's presentations at ESGCT are as follows: Identification of a Cell Surface Receptor Utilized by an Engineered BBB-Penetrant Capsid Family with Enhanced Brain Tropism in Non-Human Primates and Mice: Voyager has identified a highly conserved membrane protein as the primary cell surface receptor responsible for improved CNS biodistribution for one of Voyager's novel TRACER capsid families. This capsid family has been demonstrated to cross the blood-brain barrier in multiple species with ~50-fold improved penetrance over conventional AAV9. The newly identified receptor is highly conserved across mice, NHPs and humans, and data indicate that mouse and human receptor isoforms also bind and increase capsid transduction.The receptor has been shown to be expressed in primate and rodent CNS, particularly in brain endothelial cells, and experiments performed in mice suggest a strong correlation between receptor expression profile and capsid tropism. In summary, the data support the potential for the BBB-penetrating properties of this novel TRACER capsid family to translate to humans. Dose-Response Evaluation of 9P801, an Engineered AAV Capsid with High BBB Penetration and CNS Transduction in Non-Human Primates: In a dose-response NHP study, a next-generation TRACER capsid from another novel capsid family achieved high levels of BBB penetration and CNS target engagement when administered in the range of 2e12 VG/kg to 2e13VG/kg, which is 2% to 20% of the dose used in current approved intravenous gene therapies. Intravenous delivery of doses of 2e12 VG/kg and higher were sufficient to achieve widespread CNS transduction and supra-physiological mRNA expression of a model transgene. Expression in the liver and dorsal root ganglion was confirmed to be at or near background levels at these low doses that achieve potentially therapeutically relevant transduction in the CNS. In summary, these data suggest that a next-generation TRACER capsid shows strong efficacy at well-tolerated doses, potentially addressing the narrow therapeutic windows and subsequent toxicity issues that have hampered the gene therapy field. Evaluation of an Early, Late, Very Late Expressed Rep in a Recombinant Baculovirus to Produce a More Potent AAV-based Gene Therapeutic in Insect Cells: Voyager investigated the asynchronous expression of AAV Replicase and Capsid genes in context of the insect cell line based baculovirus expression vector system. Earlier expression of Replicase correlated with increased transgene packaging and higher transduction potency of assembled AAV capsids. The findings underscore Voyager's efforts to produce more potent gene therapies and address the challenges of serving larger populations with an efficacious and affordable gene therapy product.
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AER | Hot Stocks07:06 EDT AerCap leased, purchased, sold 255 assets in the third quarter - AerCap Holdings has announced its major business transactions during the third quarter 2022: Signed 184 lease agreements, including 30 widebody aircraft, 104 narrowbody aircraft, 3 regional jets, 23 engines and 24 helicopters. Completed 34 purchases for 15 aircraft, 16 engines and 3 helicopters. Executed 37 sale transactions for 21 aircraft, 13 engines and 3 helicopters. Signed financing transactions for approximately $1.4 billion.
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PRFT | Hot Stocks07:06 EDT Perficient acquires revenue digital experience consultancy Ameex, no terms - Perficient announced the acquisition of Ameex Technologies Corporation an approximately $19M revenue digital experience consultancy headquartered in Schaumburg, IL, with offshore operations located in Chennai, India. "We're thrilled to continue to strengthen our global delivery capacity, enhance our digital capabilities and expand further within India with the strategic acquisition of Ameex Technologies," said Chairman and CEO Jeff Davis. "More than 400 skilled global professionals are joining Perficient and bringing their award-winning agile software development, testing and support experience capabilities to the team."...Ameex CEO and Cofounder Damodaran Venkatesan and CTO and Cofounder Ranga Srinivasan join Perficient in key leadership roles. "Perficient is well known for its world class end-to-end digital consulting capabilities and unmatched global delivery," said Venkatesan. "We're excited to join forces to not only deepen our digital experience and expertise, but also to help our clients deliver personalized and meaningful customer experiences and drive growth." "Ameex is renowned for its customer-centric culture and our reputation for enabling enterprises to digitally mature with innovative solutions and services," said Srinivasan. "Joining forces with Perficient expands our capabilities and strengthens our ability to responsibly and profitably deliver unparalleled value to our clients."
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CABA | Hot Stocks07:05 EDT Cabaletta Bio and IASO announce license agreement for CD19 binder - IASO Biotherapeutics and Cabaletta Bio announced that the companies entered into an agreement pursuant to which Cabaletta obtained from IASO Bio an exclusive, worldwide license to develop, manufacture and commercialize a clinically validated fully-human CD19 binder for use in product that is designed to modify T cells in treatment of autoimmune diseases. IASO Bio is entitled to receive up to approximately $162M in aggregate payments, including an upfront payment and potential development and sales milestone payments across up to two products, as well as royalties. IASO Bio has the right of first negotiation to develop and commercialize Cabaletta's products using the licensed sequence in the Greater China region.
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BRLXF | Hot Stocks07:04 EDT Boralex commissions first French asset open for crowdinvesting - Boralex announced the commissioning of the La Cle des Champs solar farm in the municipality of Saint-Christophe-sur-Dolaison, in the Haute-Loire department of France. The solar farm consists of more than 28,000 solar panels, for an installed capacity of 9 MWac. It uses a tracker technology that allows the solar panels to follow the sun's path from east to west for optimal production throughout the day. The farm will meet 10% of the energy needs of the town of Puy-en-Velay, equivalent to the annual power consumption of some 5,600 French households. The La Cle des Champs solar farm is the largest photovoltaic production facility in the Haute-Loire and the first for Boralex in that department of France. The project was a winner of the French CRE 4 solar tenders program (period 7) and thus benefits from a 20-year feed-in premium contract. The Boralex teams that have been based 11 km away in Chaspuzac since 2010 will be responsible for operating and maintaining the solar farm. Putting this facility into service is in line with Boralex's strategic plan, which increases the solar portion of the Company's portfolio.
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RENN USAK | Hot Stocks07:04 EDT Renren announces board changes - Renren (RENN) announced the appointment of two new independent directors to its board of directors, James Dumler and James Reed, effective October 11, 2022. Hui Huang and Chuanfu Wang have concurrently resigned from their positions as a director of the Company and as members of the three committees of the Board. Huang and Wang resigned for personal reasons, and their resignation is not related to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. After the changes, the Board will continue to consist of five members, three of whom are independent directors. Dumler has more than twenty years of experience in top management and board director roles with various enterprises and industries. Reed served as CEO and director of USA Truck (USAK) from 2016 through September 2022.
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DICE | Hot Stocks07:03 EDT Dice Therapeutics reports results from Phase 1 clinical trial of DC-806 - DICE Therapeutics announced positive topline data from its Phase 1 clinical trial of DC-806, an oral small molecule antagonist of the pro-inflammatory cytokine IL-17. The trial was a first-in-human, randomized, double-blind, placebo-controlled study designed to generate safety and pharmacokinetic, or PK, data in healthy volunteers as well as provide early clinical proof-of-concept in psoriasis patients. The trial was conducted in three overlapping parts: Phase 1a single ascending dose; Phase 1b multiple ascending dose; and Phase 1c proof-of-concept in psoriasis patients. Proof-of-concept achieved, supporting further development of DC-806 as potential best-in-class oral agent for psoriasis: The Phase 1c, placebo-controlled psoriasis portion enrolled a total of 8 patients in the high dose group, 13 patients in the low dose group, and 11 patients in the placebo group. Following 4 weeks of treatment, the mean percentage reduction in Psoriasis Area and Severity Index from baseline was 43.7% in the high dose group compared to 13.3% in the placebo group, with an exploratory p-value of 0.0008. Reduction in PASI was an exploratory endpoint with no correction for multiplicity. Both doses of DC-806 shown to be biologically active via analysis of well-precedented biomarkers: Exploratory biomarker data demonstrated dose-dependent IL-17 target engagement, rapid onset of action, and pharmacodynamic effects consistent with direct inhibition of IL-17 signaling. DICE plans to advance DC-806 into a dose-ranging Phase 2b clinical trial in patients with moderate-to-severe psoriasis. The company plans to submit an investigational new drug application with the FDA in the first half of 2023 and initiate Phase 2b development.
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ONEW | Hot Stocks07:02 EDT OneWater Marine to acquire Harbor View Marine, terms not disclosed - OneWater Marine announced that it has signed a definitive agreement to acquire Harbor View Marine, one of the Gulf Coast's largest locally owned dealerships. The acquisition will further expand the Company's footprint on the Gulf Coast and is expected to enhance new and pre-owned boat sales, finance, and parts and services offerings. The transaction is expected to close in the first quarter of fiscal 2023. Harbor View Marine is a family-owned and operated business with an on-water marina in Pensacola, FL and roadside location in Orange Beach, AL, offering leading brands such as NauticStar, Jeanneau, G3, and Bayliner. In addition to new and used boat sales, Harbor View Marine offers service and repair from certified technicians, parts and accessories, hi/dry boat storage, and a boat club to Gulf Coast boaters. Harbor View Marine generated approximately $21M in sales over the past twelve months.
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EXK | Hot Stocks06:54 EDT Endeavour Silver reports Q3 production of 1.46M silver oz, 9,194 gold oz - Endeavour Silver reports third quarter 2022 production of 1,458,448 silver ounces and 9,194 gold oz, for silver equivalent production of 2.2 million oz, totalling 6.3 million AgEq oz for the 9 months ended September 30, 2022. Annual production is trending towards the upper end of the guidance range for the year, forecasted at 7.6 to 8.0 million AgEq oz. "The ore grades processed at Guanacevi continue to exceed plan, which has positioned the Company to meet the upper end of our improved production guidance. The outperformance is well timed, as we continue to face financial pressure from lower metal prices and inflationary effects on inputs," stated Dan Dickson, Chief Executive Officer. "We announced impressive drill results from our exploration program in the quarter at Guanacevi, where we are extending and defining the vertical extents of the Porvenir Dos orebody, which is near historic working areas."
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RS | Hot Stocks06:52 EDT Reliance Steel CEO James Hoffman to step down, Karla Lewis to succeed - Reliance Steel & Aluminum announced that James Hoffman has announced his intention to step down as CEO on December 31, 2022 and, further, that the company's Board of Directors has unanimously appointed Karla Lewis to succeed Mr. Hoffman as CEO effective January 1, 2023. Mr. Hoffman will remain on Reliance's Board of Directors and will continue in his role as CEO through the end of 2022, after which he will serve as Senior Advisor to the CEO until his retirement in December 2023. Lewis joined Reliance in 1992 as Corporate Controller. She served as Chief Financial Officer from 1999 until January 2021, and was promoted to Senior Vice President in 2000, Executive Vice President in 2002 and Senior Executive Vice President in 2015. She was appointed a director and President of Reliance in January 2021. Mrs. Lewis will retain her current position as President, serving as Reliance's President and CEO upon her promotion.
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FERG | Hot Stocks06:50 EDT Ferguson announces transaction in own shares - Ferguson announces that it purchased a total of 77,470 of its ordinary shares in the period from October 5, 2022 up to and including October 7, 2022 in connection with its $2.5 billion share repurchase program.
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VLDR YAMHF | Hot Stocks06:50 EDT Velodyne Lidar signs multiyear agreement with Yamaha Motor - Velodyne Lidar (VLDR) announced a multi-year agreement to provide its lidar sensors to Yamaha Motor (YAMHF) for eve autonomy, a joint venture between Yamaha Motor and Tier IV, Inc. eve autonomy's autonomous goods transport service eve auto provides logistical support for factories to improve efficiency and safety. Velodyne has already begun shipping sensors to Yamaha Motor to support an October 2022 launch of eve auto.
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NEWR AMZN | Hot Stocks06:49 EDT New Relic appoints Mark Dodds as CRO - New Relic (NEWR) announced that Mark Dodds has been appointed as Chief Revenue Officer. Dodds will draw from his expertise in leading sales and customer adoption organizations at scale to drive adoption of the New Relic observability platform worldwide. He will be responsible for driving strategy and execution for the core functions of sales, customer success, customer adoption, and go-to-market operations. Before his role at New Relic, Dodds led several global go-to-market organizations at AWS (AMZN) for consumption-based businesses ranging from cloud infrastructure and edge computing to productivity applications and customer experience.
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INVH | Hot Stocks06:47 EDT Invitation Homes identifies 'limited damage' from Hurricane Ian - Invitation Homes announced a preliminary assessment of the impact of Hurricane Ian on its homes and communities in Florida. While the Company's evaluation of the storm's impact remains ongoing, the Company has identified limited damage to date at its homes in the Tampa, Orlando and Jacksonville markets. Invitation Homes carries insurance for wind damage, flood damage, and business interruption, subject to deductibles and limits.
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HSIC | Hot Stocks06:46 EDT Dentrix Ascend selected as exclusive practice management system of Smile Brands - Henry Schein One, a joint venture of Henry Schein, Inc. and Internet Brands, and Smile Brands, announced that Dentrix Ascend cloud-based practice management software from Henry Schein One will be adopted as the exclusive dental practice management system of Smile Brands and its affiliated dental practices. Smile Brands, a 700-practice dental service organization headquartered in Irvine, California, chose Dentrix Ascend because of its powerful clinical features, as well as its ability to tightly integrate with Smile Brands proprietary tools via software application programming interfaces and microservices architecture.
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ARES | Hot Stocks06:44 EDT Ares Management closes oversubscribed Ares U.S. Real Estate Fund X - Ares Management Corporation announced that it held the final closing of its Ares U.S. Real Estate Fund X on September 30, 2022. U.S. X was oversubscribed with $1.8 billion of commitments relative to its $1.5 billion target and is more than 75% larger than its predecessor fund, which closed at $1.04 billion in November 2018.
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NFGC | Hot Stocks06:43 EDT New Found Gold appoints Raymond Threlkeld to board of directors - New Found Gold is pleased to announce that Raymond Threlkeld has joined as an independent member of the Company's board of directors. In senior executive positions with Barrick Gold, Western Goldfields, Newmarket Gold, Inc., and Rainy River Resources, among others, Mr. Threlkeld has been involved in the acquisition of more than $1-billion in assets, managed an estimated $1.4-billion in construction spending, and created billions in shareholder value.
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AL... | Hot Stocks06:42 EDT Air Lease announces Q3 activity update - Air Lease Corporation (AL) announced an update on aircraft investments and sales activity occurring in the third quarter of 2022. As of September 30, 2022, ALC's fleet was comprised of 405 owned aircraft and 87 managed aircraft, with 412 new aircraft on order from Boeing (BA) and Airbus (EADSY) set to deliver through 2028. Aircraft Investments: Delivered 14 new aircraft from ALC's order book including two Airbus A220-300s, three A321neos, three Airbus A330-900neos, five Boeing 737-8s, and one Boeing 737-9; Aircraft investments in the quarter totaled approximately $840 million. Sales: Sold one aircraft to a third-party buyer.
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LIN | Hot Stocks06:40 EDT Linde starts up new air separation unit to support Wanhau Chemical Group - Linde announced it has started up a new air separation unit to supply gaseous oxygen and nitrogen to Wanhua Chemical Group. The new plant joins four existing ASUs, also built, owned and operated by Linde, and completes a major expansion project for Wanhua at its integrated chemical site and production center at Yantai Chemical Industrial Park, China. Linde's advanced technology and engineering expertise means all five ASUs have the capacity to operate flexibly, resulting in higher reliability, improved energy efficiency and lower carbon emissions. Linde's Yantai Complex will also provide industrial gases to other customers within the Yantai Chemical Industrial Park.
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TKRFF | Hot Stocks06:39 EDT Tinka Resources announces results from drill program at Ayawilca - Tinka Resources is pleased to announce results for five holes in the Company's ongoing 2022 drill program at the Ayawilca project in Central Peru. Results reported are for three resource extension holes at South Ayawilca, and two exploration holes at Central Ayawilca. Results are pending for two holes and the eighth drill hole in the program, A22-197, is in progress. Approximately 10 to 12 more drill holes are planned in the zinc resource definition program. Drill hole A22-195 returned very high-grade zinc results within a repeated section of favourable limestone, approximately 10 metres below the main contact with the basement phyllite. This high-grade zinc discovery is expected to extend the Zinc Zone indicated resource at South Ayawilca by around 60 metres to the northeast, with mineralization remaining open in that direction. Previous holes in the vicinity may have been stopped prematurely and did not test the lateral continuity of the repeated limestone in the basement. In another positive development for the program, strong tin-copper mineralization was also intersected underneath zinc mineralization in hole A22-190 at Central Ayawilca, confirming the tenor of a previous drill hole intersection. The tin-copper mineralization occurs as cassiterite and chalcopyrite in massive iron sulphide replacement bodies hosted in limestone, and as vein-style stockwork mineralization in underlying phyllite. Tin Zone mineralization at Central Ayawilca is interpreted to plunge northwards at a shallow angle and is open at depth. Key highlights: South Ayawilca Zinc Zone resource extensions: A22-195: 6.0 metres at 18.8% zinc from 392.6 metres depth including 3 metres at 27.7% zinc from 395.9 m. A22-194: 26.8 metres at 4.2% zinc from 293.0 metres depth including 1.0 metre at 31.6% zinc from 310.1 m. A22-192: 16.7 metres at 3.2% zinc, 0.4% lead and 18 g/t silver from 312.3 metres depth. Central Ayawilca zinc exploration: A22-191: 36.8 metres at 3.6% zinc from 264.0 metres depth including 6.3 metres at 6.0% zinc from 264.0 m. A22-190: 17.9 metres at 3.1% zinc, 0.2% lead and 10g/t silver from 330.4 metres depth. Tin Zone exploration: A22-190: 32.0 metres at 0.36% tin, 0.33% copper and 13 g/t silver from 398 metres depth, including 9.4 metres at 0.52% tin, 0.28% copper and 11 g/t silver from 412.7 m. The mineralization in the above holes is associated with sulphide bodies interpreted to be gently-dipping. True thicknesses of the mineralized intercepts are estimated to be at least 80% of the downhole thicknesses.
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JAGGF | Hot Stocks06:36 EDT Jaguar Mining reports Q3 gold production 21,161 ounces - Jaguar Mining announced interim gold production results for the Third quarter of 2022. Q3 2022 Operating Highlights: Consolidated gold production for the quarter was 21,161 ounces, 6% lower than Q3 2021 production of 22,603 ounces. Tonnes of ore milled increased to 216,000 for the quarter compared to 214,000 in Q3 2021. Pilar gold production was lower by 9% with 11,195 ounces for the quarter compared to 12,338 ounces produced in Q3 2021; Turmalina gold production was lower by 3% with 9,966 ounces for the quarter, compared to 10,265 ounces produced in Q3 2021; Total development of 3,000 metres for Q3 2022, represented an increase of 15% compared to 2,615 metres for the same period in 2021. Total definition, infill and exploration drilling of 21,359 metres for the quarter represented an increase of 13% compared to 18,852 metres for the same period in 2021. Treasury position as of September 30, 2022, with cash of $30 million compared to cash of $30.5 million on June 30, 2022. During the quarter, the Company paid a dividend of $2.2 million.
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WMT | Hot Stocks06:35 EDT Walmart launches Walmart Healthcare Research Institute - Walmart is announcing the launch of the Walmart Healthcare Research Institute SM to increase community access to healthcare research that may help lead to safer, higher quality and more equitable healthcare. WHRI will be focused on innovative interventions and medications that can make a difference in underrepresented communities including older adults, rural residents, women and minority populations. WHRI initially is focused on inclusion in studies on treatments for chronic conditions and innovative treatments that should include members from these communities.Walmart is working with a wide range of study partners, including clinical research organizations, pharmaceutical companies and leading academic medical centers, including CTI Clinical Trial & Consulting Services and Laina Enterprises.
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AMGN | Hot Stocks06:34 EDT Neumora Therapeutics announces $112M Series B Financing - Neumora Therapeutics announced the close of a $112 million Series B financing. The Series B syndicate includes both new and existing investors, such as Abu Dhabi Growth Fund, Altitude Life Science Ventures, Amgen, ARCH Venture Partners, Exor Ventures, F-Prime Capital, Invus, Mubadala Capital, Newpath Partners, Polaris Partners and other undisclosed investors. The funding will support the advancement of a broad clinical and preclinical pipeline of novel precision medicine candidates for neuropsychiatric disorders and neurodegenerative diseases and the development of the company's precision neuroscience platform. Neumora continues to advance a broad and growing pipeline of clinical and preclinical programs, including a balance of both clinically validated and novel approaches targeting a broad range of underserved neuropsychiatric disorders and neurodegenerative diseases. The company recently completed enrollment in a Phase 2a clinical trial for its most advanced product candidate, NMRA-140, a kappa opioid receptor antagonist in development for the treatment of major depressive disorder. Neumora is also progressing NMRA-511, a clinical-stage vasopressin 1a receptor antagonist in development for neuropsychiatric disorders, and NMRA-266, an M4 muscarinic receptor positive allosteric modulator being advanced toward initiation of Phase 1 development for schizophrenia in 2023. The company's earlier-stage pipeline includes multiple first-in-class opportunities in preclinical development, including neurodegeneration programs focused on Parkinson's disease and amyotrophic lateral sclerosis (ALS).
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BJ | Hot Stocks06:32 EDT BJ's Wholesale completes move to new corporate headquarters - BJ's Wholesale Club announced that it has completed the move of its headquarters to its new Club Support Center located at 350 Campus Drive in Marlborough, Massachusetts. The New England-based Club Support Center is a new facility incorporating modern open-space concepts and the latest technology that will best serve BJ's 1,000-plus team members who work in the new location. These team members in turn support the team and operations of 231 clubs in 18 states, as well as 162 BJ's Gas locations and 7 distribution centers.
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PRMNF | Hot Stocks06:27 EDT Prime Mining announces results from drill holes at Los Reyes - Prime Mining announces further results from five key drill holes in the Z-T area as the Company delineates and expands its multi-million-ounce Los Reyes high-grade gold-silver project. The Project is centered on an underexplored, 500-year-old mining district of Sinaloa State, Mexico that has a mineralized footprint of over 15 square kilometres. The Company's current drill programs are focused on expanding the Guadalupe, Central and Z-T deposit areas that make up the core of this district. Today's results are from 5 step-out drill holes at the southern end of the Z-T deposit. Specifically, these drill holes were designed to demonstrate mineralization continuity between Zapote South and Tahonitas. Drilling continues to successfully delineate and expand open-pit resources and has identified additional potential for underground resources. Two new high-grade mineralized chutes have been discovered between the previously reported Zapote South and Tahonitas pit shells outlined in the Technical Report dated April 2, 2020. Both mineralized chutes are open for expansion down plunge. Highlight Drill Intercepts: Z-T Deposit Area: 2.36 grams per tonne gold and 177.8 gpt silver over 20.5 metres and 1.39 gpt Au and 12.7 gpt Ag over 6.0 m; 3.86 gpt Au and 88.5 gpt Ag over 11.2 m, including 9.24 gpt Au and 223.0 gpt Ag over 4.25 m, and 2.70 gpt Au and 333.04 gpt Ag over 1.5 m; 1.17 gpt Au and 207.4 gpt Ag over 8.3 m; 0.97 gpt Au and 30.3 gpt Ag over 10.5 m; and, 0.72 gpt Au and 61.0 gpt Ag over 5.8 m (4.3 m etw), including 1.35 gpt Au and 119.3 gpt Ag over 1.4 m. CEO Daniel Kunz commented, "The drill results reported today continue to increase the known strike length of the Z-T structure and have extended mineralization 200 metres deeper at the southern end of Z-T. We will continue to aggressively target these previously undrilled zones between the known pit shells. Connecting the pits along the Z-T structure would have a material impact on our mineral resource estimate. We also highlight that the high-grade gold and silver mineralization in these newly discovered chutes, especially those with materially increased silver grades, is an exciting development and provides new, significant resource expansion potential in the Z-T structure at Los Reyes."
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CGAU | Hot Stocks06:24 EDT Centerra Gold announces TSX acceptance of Normal Course Issuer Bid - Centerra Gold pleased to announce that the Toronto Stock Exchange has accepted its notice of intention to proceed with a normal course issuer bid, Under the NCIB, Centerra may purchase for cancellation up to an aggregate of 15,610,813 common shares in the capital of the Company during the twelve-month period commencing on October 13, 2022 and ending on October 12, 2023, representing 10% of the public float. As of September 30, 2022, Centerra had 220,086,775 issued and outstanding Common Shares. Daily purchases will be limited to 226,201 Common Shares, other than purchases made under block purchase exemptions. Once the NCIB is commenced, the exact timing and amount of any purchases will depend on market conditions and other factors. Centerra will not be obligated to acquire any Common Shares and may suspend or discontinue purchases under the NCIB at any time. Any purchases made under the NCIB will be made at market price at the time of purchase through the facilities of the TSX and/or alternative Canadian trading systems in accordance with applicable securities laws and stock exchange rules. As previously announced, the Company may rely on an automatic purchase plan during the NCIB to allow for purchases by the Company of Common Shares during certain predetermined blackout periods, subject to the rules of the TSX. Any tendered Common Shares taken up and paid for Centerra under the NCIB will be cancelled. As previously disclosed, Centerra believes that the Common Shares have been trading in a price range which does not adequately reflect the value of such shares in relation to Centerra's assets and its future prospects. As a result, Centerra believes that the NCIB will provide the Company with a flexible tool to deploy a portion of its cash balance to, depending upon future price movements and other factors, repurchase Common Shares for cancellation while preserving its strong balance sheet position.
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APCX | Hot Stocks06:22 EDT AppTech Payments plans product announcement at Money20/20 USA - AppTech Payments announced its plans to unveil its new product platform during Money20/20 USA, taking place Sunday, October 23 to Wednesday, October 26 at The Venetian in Las Vegas.
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KRKNF | Hot Stocks06:20 EDT PanGeo Subsea completes Acoustic Corer survey - Kraken Robotics announced that its PanGeo Subsea subsidiary has completed an Acoustic Coring campaign for ONE-Dyas in the North Sea. This is PanGeo's second Acoustic Corer survey at ONE-Dyas's GEMS development, supporting foundation engineering of the N05-A gas platforms. The campaign took place during the summer aboard the M/V Dina Star. PanGeo was the prime contractor for the project. The scope of work was to acquire an acoustic core at each of the 6 legs of the platform foundation, and an additional core centered on the wellhead. PanGeo high-resolution data will identify geohazards such as buried boulders of 0.3 meters diameter and larger to 40 meters below the seabed. PanGeo also correlated the acoustic data to pre-existing geotechnical data and extrapolated the geotechnical properties across the entire foundation footprint. PanGeo's geoscientists will now assess the collected AC data to identify buried boulders that could cause pin-pile refusals and prevent additional costs and installation delays.
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GTE | Hot Stocks06:20 EDT Gran Tierra acquired 2.9% of outstanding shares - Gran Tierra Energy announced a financial update. Share Buybacks: Pursuant to the NCIB, as of September 30 Gran Tierra had purchased approximately 10.8M shares, representing about 2.9% of shares outstanding, for a total purchase price of $14.4M at an average price of approximately $1.34 per share. As part of Gran Tierra's ongoing commitment to reduce its net debt, during September, the Company bought back approximately $20.1M in face value of Gran Tierra's 6.25% senior notes due February 2025, representing approximately 6.7% of the outstanding 2025 bonds. The cost of the 2025 bonds' buyback was approximately $17.3M, representing a discount of about 14% to the face value of the 2025 bonds. Gran Tierra intends to hold the 2025 bonds which it has bought back on the Company's balance sheet.Purchasing the bonds reflects a savings of $3.0 million in interest expense that would have been paid over the remaining term to the maturity of the 2025 bonds. Cash and Net Debt: As of September 30 Gran Tierra had approximately $118M in cash on its balance sheet and net debt of approximately $462M. Gran Tierra's new credit facility with Trafigura of up to $150M remains undrawn.
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GIIX FOOT | Hot Stocks06:19 EDT Footprint, SAMBAZON partner for plastic-free frozen acai bowls - Footprint announced a multi-year agreement to develop sustainable packaging for SAMBAZON. The partnership will leverage Footprint's proprietary technology to bring plant-based fiber solutions to market for application in SAMBAZON's ready-to-eat acai bowls, a frozen product with a fifteen-month shelf life. Over the course of the multi-year agreement, Footprint will provide millions of units to support SAMBAZON's rapid growth as it scales the national distribution of its acai bowls and continues to build strong relationships with leading retailers.
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INDT | Hot Stocks06:18 EDT Indus Realty Trust executes five leases in Q3 - INDUS Realty Trust announced the following leasing, acquisition, development and business updates for the three months ended September 30, 2022. Highlights: Executed 5 leases totaling approximately 418,000 square feet across the Company's portfolio. Completed and placed into service two development projects in the Hartford, Connecticut and Orlando, Florida markets totaling approximately 430,000 square feet. Completed the acquisition, for a purchase price of $6.5 million, of an approximately 7.6 acre parcel of land in Allentown, Pennsylvania which can support the construction of an approximately 91,000 square foot building. As of September 30, 2022, the stabilized2 portfolio was 100.0% leased and total in-service portfolio was 97.6% leased. Repaid a $26.3 million construction loan with cash on hand. Subsequent to quarter end, an approximately 63,000 square foot lease was signed at the two-building forward acquisition in the Nashville, Tennessee market, bringing the project to 77.2% pre-leased. Leasing Activity During the 2022 third quarter, INDUS executed 5 leases totaling approximately 418,000 across its portfolio: 217,000 square foot full building lease in the Charlotte, North Carolina market with an investment grade rated national retailer. This lease commenced at the end of the 2022 third quarter and fills the vacancy created when the original short-term tenant vacated the building at the end of July 2022. 143,000 square feet of renewals across two leases in the Hartford, Connecticut market. The larger of the renewals is for a 12 month term which will commence upon the lease's expiration at the end of the 2023 first quarter. The other renewal is for a 36 month term which will commence upon the lease's expiration at the beginning of the 2023 second quarter. 34,500 square foot first generation lease at the recently delivered 102,250 square foot development in the Lehigh Valley, Pennsylvania market which brought this building to 100% leased. The building was completed in the 2022 second quarter and this lease commenced during the 2022 third quarter. 24,000 square foot first generation lease at the approximately 196,000 square foot, two-building development project in the Orlando, Florida market. With this lease, which is expected to commence during the 2023 second quarter, the project is now 24.7% leased. Additionally, subsequent to the end of the 2022 third quarter, a 63,000 square foot first generation lease was signed at the two-building Nashville, Tennessee forward acquisition in the Company's pipeline. With this lease, the to-be-acquired Nashville portfolio is now 77.2% pre-leased.
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GTE | Hot Stocks06:17 EDT Gran Tierra provided operational update - Gran Tierra Energy announced an operational update. Gary Guidry, President and CEO of Gran Tierra, commented: "We are pleased to announce that we started returning value to shareholders via share buybacks during the Q3. In addition to the share buybacks, we are equally as excited to have started buying back some of our bonds in the open market to strengthen our balance sheet. During the Quarter, we commenced our enhanced oil recovery, or EOR, polymer injection project in the Acordionero field. This pilot injection test is a milestone after several years of laboratory and modeling indicated the suitability of Acordionero for EOR. We continue to see strong performance from our all of our waterfloods and development drilling programs. On the exploration front, we progressed on several prospects during the Quarter. Our Gaitas-1 well in the Middle Magdalena Valley is currently on production and a second, deeper exploration well in the field is being planned for the fourth quarter of 2022. In Ecuador, the Bocachico-1 exploration well was cased and has commenced a 3-reservoir testing program. In the Putumayo Basin of Colombia, our Rose-1 well showed encouraging results while drilling and is currently being cased for testing." Gran Tierra's total average production was approximately 30,391 BOPD during the Quarter, which was 5% higher compared to last year and approximately flat with the Q2. The Company's Q4 total average production has been approximately 32,000 BOPD. During the Quarter, Suroriente experienced occasional disruptions due to temporary localized blockades. The impact of these blockades lowered the Company's total average production for the Quarter by approximately 920 BOPD. Oriente Basin: In the Chanangue Block, Gran Tierra has finished drilling the Bocachico-1 exploration well and run production casing to a total depth of 10,815 feet measured depth. The Company plans to test three potential oil zones in the Basal Tena, U Sand, and T Sand, over the next several weeks, as identified by petrophysical log analysis. Gran Tierra drilled and completed the Gaitas-1 exploration well in July-August 2022, and the well has been on production test from the Lisama Formation, which is the same producing formation at the Acordionero oil field. Gaitas-1 is located approximately 7 kilometers south of Acordionero's Southwest Pad. During the last week, Gaitas-1 has produced at stabilized average rates of 171 BOPD, 652 BWPD and 2 MCFD. Based on the encouraging results of Gaitas-1, Gran Tierra plans to spud the Gaitas-2 exploration well with a projected spud date later in the fourth quarter 2022. The Company expects Gaitas-2 to target multiple reservoir zones in a structurally higher location than the Gaitas-1 well, in a planned effort to test the deeper Umir Sands further away from possible oil-water contacts. Putumayo Basin: In the ALEA-1848A Block, Gran Tierra has finished drilling the Rose-1 exploration well and is currently running production casing in order to test the well.
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RDNT | Hot Stocks06:13 EDT RadNet's NJIN acquires radiology assets of Montclair Radiology - RadNet reported its joint venture, New Jersey Imaging Network, or NJIN, has acquired the outpatient radiology assets of Montclair Radiology, the owner of six imaging centers in northern New Jersey. For more than 75 years, Montclair Radiology has been a leading provider of diagnostic imaging in northern New Jersey. Montclair Radiology owns and operates six multimodality centers in Montclair, West Caldwell, Nutley, Verona, Jersey City and Hoboken, providing MRI, CT, PET/CT, x-ray, ultrasound, mammography and other related procedures. Montclair Radiology performs over 200,000 procedures per year and is projected to add over $40M of revenue on an annual basis to NJIN. Montclair Radiology's financial advisor was Ziegler and its legal advisor was Waller Lansden Dortch & Davis, LLP.
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GRMN | Hot Stocks06:12 EDT Garmin announces MARQ collection of watches - Garmin International announced MARQ - the second generation, a collection of five luxury modern tool watches, MARQ Athlete, MARQ Adventurer, MARQ Golfer, MARQ Captain, and MARQ Aviator, that are uniquely crafted to be an outward expression and trusted companion for pursuits in athletic performance, outdoor adventure, flight and more. Built with Grade-5 titanium and a vibrant AMOLED touchscreen display with domed sapphire lens, the MARQ collection is stronger and brighter than before-yet remains forged from Garmin's authentic DNA. With dedicated feature sets, an enduring battery life of up to 16 days, and carefully curated materials, each MARQ timepiece is purposefully engineered for any of life's adventures.
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HL | Hot Stocks06:10 EDT Hecla Mining expects Q3 silver production to exceed guidance - Hecla Mining announced its preliminary production results for the Q3 and increased silver and gold production guidance. Highlights include: Silver production of 3.6M is on track to exceed production guidance: Gold production of 44,747 ounces, in line with the Q2. Keno Hill Q3 development is on plan; approximately 20% of total planned preproduction development is complete. Increasing 2022 production guidance for both silver and gold for Greens Creek. "Hecla reported another strong quarter of operational performance from all three mines as Greens Creek achieved record throughput for the quarter, Lucky Friday's quarterly production continued to exceed 1 million ounces and the mine has already produced around 90% of last year's annual production, and Casa Berardi delivered consistent production with the mill continuing the record throughput rates," said Phillips S. Baker, Jr., President, and CEO. "We also completed the acquisition of Alexco and are advancing Keno Hill development for consistent mill production in 2023."
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BITF | Hot Stocks06:08 EDT Bitfarms celebrates five-year anniversary - Bitfarm celebrated the Company's five-year anniversary. Bitfarms exited September at 17 BTC per day. During the past five years, the Company has grown from operating two farms in Canada with 14 megawatts, or MW, of capacity to ten mining facilities across four countries: Argentina, Canada, Paraguay, and the United States. As of September 30, 2022, Bitfarms achieved operating capacity of 176MW, a hashrate of 4.2 exahash/second, or EH/s, and approximately 2% market share of the Bitcoin network.
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SOL | Hot Stocks06:08 EDT ReneSola acquires Emeren, terms undisclosed - ReneSola announced the acquisition of Emeren, a United Kingdom-based utility-scale solar power and battery projects developer in Europe. The acquisition transaction was completed on October 10 through an all-cash deal with an earn-out provision. Emeren is currently comprised of over 22 employees and has been a strategic partner of Renesola Power to co-develop ground-mounted solar and storage projects in Italy since 2021. Emeren has over 2.5 GW of pipeline under development including over 2 GW of solar projects and over 500 MW of storage projects.
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GM SPWR | Hot Stocks06:06 EDT General Motors creates ecosystem of energy management products - General Motors (GM) announced the introduction of Ultium Home and Ultium Commercial, which in combination with the existing Ultium Charge 360, create a holistic ecosystem of energy management products and services that will be housed under a new business unit called GM Energy. GM Energy's connected product and service offerings are designed to offer cohesive energy management for home, commercial and EV customers, with solutions ranging from bi-directional charging, vehicle-to-home, or V2H, and vehicle-to-grid, or V2G, applications, to stationary storage, solar products, software applications, cloud management tools, microgrid solutions, hydrogen fuel cells and more. GM Energy's services will also enable the sale of energy from EV and stationary storage batteries back to utilities during peak, high energy consumption periods, unlocking even more potential value for customers and increasing resiliency for the electrical grid. The central interface for GM Energy's solutions will be GM's Energy Services Cloud, which will house data and energy management tools, connecting customers with residential, fleet and commercial energy assets. Customers will be able to manage their energy consumption through GM's energy software applications. GM has already enrolled EV customers in managed charging programs through the Energy Services Cloud, with multiple utilities across four U.S. states and growing. Several large-scale companies across the U.S. have already agreed to work with GM Energy to provide energy solutions to customers and receive product or service offerings. Among them is an agreement with SunPower (SPWR), one of the nation's leading solar technology and energy services providers. Together, the two companies will develop and offer customers a home energy system which will consist of integrated EV and battery solutions, solar panels and home energy storage. A primary feature of the home energy system is expected to enable drivers to deliver power to their homes with the battery in their compatible electric vehicle, designed to give them the ability to power their home's necessities in a blackout or draw from stored energy during peak rate times. SunPower will also become a preferred installer for the home energy system and offer customers the opportunity to add solar to their home. The home energy system will be available alongside the retail launch of the 2024 Chevrolet Silverado EV, expected to begin production in fall 2023. Another initiative includes a V2H pilot project between GM Energy and Pacific Gas and Electric Company planned to enable residential customers to use their compatible EVs along with a bi-directional charger, as backup power for essential home needs during short-term power outages. After initial lab tests, the two companies anticipate expanding the V2H offer to a subset of residential customers within PG&E's service area, expected to begin in 2023. GM Energy is also working with several other companies such as Con Edison, Graniterock and New Hampshire Electric Cooperative to help deliver energy solutions to customers, while also helping to inform and advance future GM Energy offerings. As part of GM Energy, Ultium Charge 360 will continue to expand its existing portfolio of integrated public charging networks, integrated mobile apps, and additional product and service offerings over time.
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UTHR | Hot Stocks06:05 EDT United Therapeutics enrolls first patient in phase 3 TETON 2 study - United Therapeutics announced that the first patient has enrolled in the phase 3 TETON 2 study which will evaluate Tyvaso in 396 adult patients with idiopathic pulmonary fibrosis, or IPF, at sites outside the United States and Canada. This second registration study is part of the broader global TETON program evaluating Tyvaso for the treatment of IPF. The 52-week study will evaluate the impact of Tyvaso on a key prognostic indicator for IPF known as forced vital capacity, or FVC. IPF is a progressive lung disease characterized by the loss of the ability of the lungs to transfer oxygen into the blood, ultimately resulting in respiratory failure and death.
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OFIX SPNE | Hot Stocks06:04 EDT Orthofix, SeaSpine to combine in merger of equals - Orthofix (OFIX) and SeaSpine (SPNE) announced they have entered into a definitive agreement to combine in an all-stock merger of equals.The combined company, to be named prior to the transaction's closing, will be a leading global spine and orthopedics company with highly complementary portfolios of biologics, innovative spinal hardware, bone growth therapies, specialized orthopedic solutions and a leading surgical navigation system. With products distributed in 68 countries world-wide, approximately 1,600 employees and a global R&D and manufacturing footprint, the new company would have revenues of approximately $693 million as of the twelve months ended September 30, 2022. Under the terms of the agreement, which was unanimously approved by the Boards of Directors of both companies, SeaSpine shareholders will receive 0.4163 shares of Orthofix common stock for each share of SeaSpine common stock owned. Following the close of the transaction, Orthofix shareholders will own approximately 56.5 percent of the combined company, and SeaSpine shareholders will own approximately 43.5 percent of the combined company, respectively, on a fully diluted basis.The companies have identified meaningful cross-selling revenue synergies as a result of cross-selling the complementary portfolios in the United States, the ability to sell SeaSpine's biologics and 7D technology into Orthofix's international established channels, the greater breadth of bag to support large distributor conversions and increased product offerings per procedure. In addition, the combination is expected to generate at least $40 million in annualized cost savings not including stock-based compensation within three years following the close of the transaction. Cost savings will be primarily from reductions in redundant overhead and public company costs as well as supply chain efficiencies. Working capital and capital expenditure efficiencies are expected to be driven through economies of scale via higher spinal implant set utilization. Strong financial profile with enhanced opportunities for investment. The transaction is expected to be accretive to Orthofix's standalone adjusted EBITDA by the second full year after close and is expected to be accretive to our existing return on invested capital after fully realizing synergies, including cost savings. The combined company's strong capital structure will allow it to self-fund certain investments intended to maximize growth potential, including organic and inorganic innovation initiatives, sales force expansion, and field inventory and instrumentation, without the need for equity financing. Leadership and Headquarters The combined company will be led by an experienced Board of Directors and leadership team that leverages the talent within both organizations. Upon closing of the transaction, the combined company's Board of Directors will consist of nine directors, with five designated by Orthofix, including Lead Independent Director, and four designated by SeaSpine. Jon Serbousek will serve as Executive Chairman of the Board, and Keith Valentine will serve as President and Chief Executive Officer and member of the Board. The remainder of the combined company's Board and leadership team will be named prior to closing and is expected to include representatives from both Orthofix and SeaSpine. The combined company will be headquartered in Lewisville, Texas. This location will conduct general business, product development, medical education and manufacturing. The Company will retain primary offices in Carlsbad, CA, with a focus on spinal product innovation and surgeon education, and in Verona, Italy with an emphasis on product innovation, production, and medical education for Orthopedics. Current facilities in Irvine, CA, Toronto, Canada, Sunnyvale, CA, Wayne, PA, Olive Branch, MS, Maidenhead UK, Munich, Germany, Paris, France and Sao Paulo, Brazil will also be retained. The transaction is expected to close in the first quarter of 2023, subject to approval by both companies' shareholders and customary closing conditions and regulatory approvals.
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JOBY DAL | Hot Stocks06:03 EDT Joby Aviation and Delta Air Lines announce partnership - Delta Air Lines (DAL) is embarking on a multi-year, multi-market commercial and operational partnership with Joby Aviation (JOBY), to deliver sustainable home-to-airport transportation service to Delta customers, beginning in New York and Los Angeles. As part of the arrangement, the companies will integrate a Joby-operated service into Delta's customer-facing channels, providing customers who travel with Delta through New York and Los Angeles the opportunity to reserve a seat for short-range journeys to and from city airports when booking Delta travel. Delta has made an upfront equity investment of $60M in Joby, with the opportunity to expand the total investment up to $200M. The partnership will be mutually exclusive across the U.S. and U.K. for five years following commercial launch, with the potential to extend that period.
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OFIX SPNE | Hot Stocks06:02 EDT Orthofix, SeaSpine to combine in merger of equals
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REGN SNY | Hot Stocks05:29 EDT Regeneron, Sanofi present late-breaking results from Dupixent trial - Regeneron (REGN) and Sanofi (SNY) presented late-breaking results from a Phase 3 trial evaluating the investigational use of Dupixent in children aged one to 11 years with active eosinophilic esophagitis, or EoE. The data will be shared at United European Gastroenterology, or UEG, Week 2022 and submitted to regulatory authorities around the world, starting with the FDA next year. In May, Dupixent 300 mg weekly was approved by the FDA to treat EoE in people aged 12 years and older, weighing at least 40 kg. As presented at UEG Week 2022, Dupixent led to significant improvements in the primary efficacy measure for higher and lower dose groups at 16 weeks in the randomized, placebo-controlled Phase 3 trial. Among children treated with Dupixent, 68% of patients on higher dose and 58% of patients on lower dose achieved the primary endpoint of significant histological disease remission, compared to 3% for placebo. Children on the higher dose regimen also experienced significant improvements in abnormal endoscopic findings of their esophagus, with a reduction of 3.5 points compared to an increase of 0.3 points for placebo. Symptomatically, higher dose Dupixent led to a numerical improvement in the proportion of days children experienced disease symptoms from baseline as reported by their caregivers compared to placebo, though not statistically significant. Additionally, a prespecified exploratory analysis was presented which found higher dose Dupixent led to a 3.09 percentile increase in body weight for age percentile from baseline, compared to 0.29 for placebo. Safety results were generally consistent with the known safety profile of Dupixent in its approved EoE indication for children and adults aged 12 years and older who weigh at least 40 kg. For the 16-week treatment period, the overall rates of adverse events, or AEs, were 79% for Dupixent and 91% for placebo. AEs most commonly observed with Dupixent compared to placebo included COVID-19, rash, headache, viral gastroenteritis, diarrhea and nausea. Rates of treatment discontinuation due to AEs prior to week 16 were 0% for Dupixent and 6% for placebo. The potential use of Dupixent in children with EoE aged 1 to 11 years is currently under clinical development, and the safety and efficacy have not been evaluated by any regulatory authority.
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PHAR | Hot Stocks05:23 EDT Pharming submits leniolisib MAA to EMA - Pharming announced that it has submitted a Marketing Authorization Application, or MAA, to the European Medicines Agency, or EMA, for leniolisib, an oral, selective phosphoinositide 3-kinase delta inhibitor, as a treatment for activated phosphoinositide 3-kinase delta syndrome, or APDS, a rare primary immunodeficiency, in adults and adolescents 12 years or older.
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VORB | Hot Stocks05:21 EDT Virgin Orbit announces Start Me Up launch from the United Kingdom - Virgin Orbit readies for Start Me Up, the newly-titled forthcoming launch from the United Kingdom. The launch provider's carrier aircraft, ground support equipment, or GSE, and rocket will depart this week from California following the first round of now complete wet dress rehearsals. On track for a November launch, Start Me Up is led by a joint mission between the U.S. and U.K. governments, launched by Virgin Orbit, the United Kingdom Space Agency, UK Space Command, and Spaceport Cornwall. Start Me Up will be the first orbital launch ever from the United Kingdom; the first international launch for Virgin Orbit and the first commercial launch from Western Europe. The first of the company's hardware will begin its transport to Cornwall, U.K. on Sunday October 9, due to arrive at Spaceport Cornwall on Tuesday October 11 with the GSE and rocket quickly following later in the week. This will be the fifth consecutive Virgin Orbit launch to carry payloads for both private companies and governmental agencies. The flight manifest, now completely full, includes payloads from seven global customers, a testament to the flexibility and possibilities offered through responsive launch solutions.
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GIB | Hot Stocks05:18 EDT CGI Inc., Aktia announce banking IT services joint venture - CGI and Aktia have entered into a strategic partnership giving CGI responsibility for a major part of Aktia's banking IT services, including the development and maintenance of 150 mission-critical applications. The partnership, valued at approximately 50M EUR, will enable Aktia to enhance operation and development of existing banking products and services, as well as accelerate the development of new products and services. The partnership will begin as a joint venture before the start of 2023.
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CME | Hot Stocks05:14 EDT CME Group achieves global ADV of 22.4M contracts in Q3, up 26% - CME Group announced that its quarterly international average daily volume, or ADV, reached 6.1M contracts in Q3 2022, up 21% year on year. Reflecting all trading reported from outside the United States, volume was driven largely by 36% growth in Foreign Exchange products, a 32% increase in Interest Rate products and a 25% growth in Equity Index products. Globally, CME Group reported ADV of 22.4M contracts in Q3, up 26% over the same period in 2021. This increase was largely driven growth in Equity Index products, up 46%, Foreign Exchange products, up 41%, and Interest Rate products, up 28%.
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BAESY | Hot Stocks05:09 EDT BAE Systems delivers upgraded CV90 IFVs to the Netherlands - The first newly-upgraded CV90 infantry fighting vehicle, or IFVs, for the Royal Netherlands Army's fleet was recently unveiled during a rollout ceremony at the BAE Systems Hagglunds facility in Sweden. The event, which celebrated the first vehicle completed in the 500M euro upgrade program. The upgrade enhances the CV90 vehicles' capabilities by providing vehicle crews with improved protection, firepower, and ergonomics, and increased combat effectiveness.
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