Stockwinners Market Radar for October 12, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

UIHC

Hot Stocks

20:26 EDT United Insurance estimates $36.4M in Hurricane Ian catastrophe losses - United Insurance "announced that it estimates catastrophe losses incurred from Hurricane Ian during the third quarter ending September 30, 2022, of approximately $36.4 million before income taxes, net of expected reinsurance recoveries. This includes a net retention of $16.4 million split approximately $7.4 million to United Property & Casualty Insurance Company and $9.0 million to American Coastal Insurance Company, plus a $20 million retention by our captive reinsurer, UPC Re."
CMPS

Hot Stocks

20:05 EDT Cathie Wood's ARK Investment bought 306.5K shares of Compass Pathways today
EVA

Hot Stocks

20:04 EDT Enviva says shortseller report contains numerous errors - Enviva "issued the following statement in response to allegations made in a report by a self-proclaimed short seller. The report contains numerous errors, repeats previous unsupported speculation and gross mischaracterizations, and draws specious, misleading conclusions. The short position on the Company increased substantially in the weeks leading up to the distribution of the spurious report, with almost 4 million shares currently shorted. While the Company acknowledges the role of short selling in creating balance in the public markets, it strongly condemns the unscrupulous practice of "short and distort" campaigns in which short sellers intentionally publish false and misleading claims to needlessly alarm investors and manipulate the market for their own profit."
NVRO

Hot Stocks

18:14 EDT Nevro announces FDA approval of HFX iQ - Nevro Corp. announced that it has received approval from the U.S. Food and Drug Administration for the Senza HFX iQ spinal cord stimulation system. Senza HFX iQ is the first and only Artificial Intelligence-based SCS system that learns from patients. It was developed to address the variability in pain from patient to patient and to help patients optimize and maintain long-term pain relief and improved quality of life. The Senza HFX iQ system is comprised of the HFX iQ Implantable Pulse Generator, HFX Trial Stimulator, Charger and HFX App and will launch with algorithms specifically for treating chronic back and leg pain, including non-surgical back pain and painful diabetic neuropathy.
TWO

Hot Stocks

17:56 EDT Two Harbors estimates book value per common share $4.09-$4.13 - Two Harbors Investment , an Agency + MSR mortgage real estate investment trust announced preliminary estimated financial results for the quarter ended September 30.The company continues to maintain a strong liquidity position while navigating the challenging market environment. Book value per common share was estimated to be between $4.09 and $4.13 per common share as of September 30, after deducting for third quarter 2022 common and preferred dividends declared Comprehensive Loss was estimated to be between 81c and 85c per weighted average basic common share . Earnings Available for Distribution was estimated to be between 15c and 17c per weighted average basic common share. GAAP debt-to-equity was estimated to be 5.5x and economic debt-to-equity was estimated to be 7.5x as of September 30.The company's liquidity position remains strong, with unrestricted cash estimated to be approximately $730M as of September 30.
ORC

Hot Stocks

17:44 EDT Orchid Island Capital estimates book value per share $11.42 - The Company's estimated book value per share as of September 30, was $11.42. The Company computes book value per share by dividing total stockholders' equity by the total number of outstanding shares of common stock. At September 30 , the Company's preliminary estimated total stockholders' equity was approximately $400.4M with 35,066,251 shares of common stock outstanding. These figures and the resulting estimated book value per share are preliminary, subject to change, and subject to review by the Company's independent registered public accounting firm.
ORC

Hot Stocks

17:43 EDT Orchid Island Capital announces increase of 4.3M shares to repurchase plan - Orchid Island Capital Board approved an increase in the number of shares of the Company's common stock available in its previously announced stock repurchase program for up to an additional 4.3M shares, bringing the remaining authorization under the Repurchase Program to 5M shares, representing approximately 15% of the Company's currently outstanding shares of common stock.
AMZN

Hot Stocks

17:39 EDT Amazon's Projet Kuiper satellites launch pushed to early 2023 - Amazon said that Project Kuiper, Amazon's satellite broadband program, will launch two prototype satellites on an upcoming United Launch Alliance mission to test system performance in space. "Amazon created Project Kuiper to deliver fast, affordable broadband to unserved and underserved communities around the world, and our upcoming prototype mission will move us one step closer to delivering on that vision," the company said. "Our first two satellites-Kuipersat-1 and Kuipersat-2-will be completed later this year, and we are now planning to deploy both satellites on the first flight of United Launch Alliance's (ULA) new Vulcan Centaur rocket in early 2023." Reference Link
HAS

Hot Stocks

17:13 EDT Hasbro to produce Dungeons & Dragons documentary, timed with 50th anniversary - Entertainment One, Hasbro's entertainment studio, announced that it will produce the definitive documentary feature about the world's greatest roleplaying game . The Dungeons & Dragons documentary will coincide with the game's 50thanniversary in 2024. Dungeons & Dragons writer and official ambassador Joe Manganiello will co-direct with Kyle Newman and producing alongside his brother Nick Manganiello, Anthony Savini, and Cecily Tyler. Tara Long and Geno McDermott are executive producing for eOne alongside leading Dungeons & Dragons scholar Jon Peterson, Adam F. Goldberg, and Kyle Newman. "I have had the pleasure of working in the past with Joe on True Blood among other projects and cannot think of a better more passionate person to dive headfirst into the world of Dungeons & Dragons from both a player and fan perspective," said Michael Lombardo, eOne's Head of Global Television. "The addition of Kyle Newman, Nick Manganiello, and Jon Peterson also bring unique and multiple dimensions to the history we plan to document. As we approach 50 years of this incredible gaming universe, the time is right for an officially authorized telling of the game's origins and current state of play to its passionate fan based from all walks of life and its global cultural impact
EGO

Hot Stocks

17:09 EDT Eldorado Gold maintains FY22 gold production view at low end 460,000 ounces - Eldorado Gold announces third quarter 2022 preliminary gold production of 118,790 ounces, and year-to-date preliminary gold production of 325,461 ounces. Eldorado remains on track to achieve the low end of consolidated full-year guidance for 2022 of 460,000 ounces, as operating trends continue to improve, and sequential quarterly improvements in production are realized.
MASS

Hot Stocks

17:05 EDT 908 Devices and CPI partner for cell culture improvement and application - 908 Devices' collaboration with CPI aims to demonstrate the value of at-line cell culture media analysis to inform feeding strategies for improved cell growth in bioprocessing applications. Using data from 908 Devices' REBEL desktop device, CPI process engineers optimized nutrients of a monoclonal antibody-expressing cell line to increase titer and control toxic metabolites. CPI process engineers used the REBEL device to monitor amino acid depletion across a panel of eight commercial cell culture media at high and low glucose concentrations in a 14-day fed-batch process in Ambr 15 micro-bioreactors. Results of the tailored feeding approach, which used a low feed concentration and amino acid supplementation, enabled up to a 40% increase in titer while maintaining low levels of toxic metabolites. The data provided by the REBEL aims to allow users to make informed decisions about their process as well as develop predictive models for feed control, leading to improved efficiency and robust product quality.
CLIN

Hot Stocks

17:03 EDT Clean Earth Acquisitions, Alternus Energy enter definitive business combination - Alternus Energy and Clean Earth Acquisitions announced the execution of a definitive business combination agreement. Under the agreement, at the closing, Alternus will transfer its equity ownership in substantially all its subsidiaries in exchange for up to 90M newly issued shares in Clean Earth. Initially, Clean Earth will issue 55M shares at closing plus up to 35M shares subject to certain earn-out provisions, which will be deposited in escrow and will be released if certain EBITDA and share price targets are met. Alternus will own approximately 64% of Clean Earth at closing, assuming no redemptions by Clean Earth shareholders, in which case the combined company will have approximately $220M of cash available at closing. The combined company is expected to have an initial equity value of approximately $863M, assuming no redemptions by Clean Earth shareholders. The business combination valuation is based on 168MW of current operating and 649MW of in-development projects owned by Alternus, plus 845MW of contracted acquisitions with an additional 800MW of solar PV projects that Alternus has exclusive rights to purchase subject to due diligence and entering into definitive agreements. The Clean Earth board of directors received an independent, third-party Fairness Opinion which will be included in a proxy statement to be filed with the US Securities and Exchange Commission. Closing is contingent on customary closing conditions for transactions of this nature, including Clean Earth shareholder approval, following filing of the proxy statement, approval for listing on Nasdaq, and a minimum of $25M in cash being available at or before closing. Alternus may waive the minimum cash condition at its discretion. The transaction is expected to close in the first quarter of 2023. On closing, Clean Earth intends to change its name to Alternus Clean Energy. The combined company will be led by Vincent Browne, chairman and CEO of Alternus, and the business will continue to operate as normal. Clean Earth and Alternus intend to arrange a committed capital on demand equity placement program of up $100M, which can be called upon at the discretion of the combined company, and potentially other financing options ahead of completion of the business combination. Alternus shares will continue to trade on the Euronext Growth market in Oslo, while Clean Earth's common stock is expected to continue to be listed on the Nasdaq Market. Bonds issued by Solis Bond Company DAC will continue to trade as normal. Bondholders of Solis Bond Company DAC will be approached in due course in relation the transaction.
NGD

Hot Stocks

17:02 EDT New Gold reports Q3 gold equivalent output 91,021 ounces vs 105,628 last year - Reports Q3 gold production 70,147 ounces vs 72,210 last year. Reports Q3 copper production 8.5 Mlbs vs 15.6 Mlbs last year. "We continued the positive momentum experienced in the summer months and finished the third quarter on a strong note," stated Renaud Adams, President & CEO. "At Rainy River, underground mining commenced during the quarter, and we continue to anticipate underground material to start feeding the mill beginning in the fourth quarter. With mining of the open pit main ODM zone continuing its ramp-up, I look forward to Rainy River finishing the year strong. New Afton had solid production improvement over the second quarter with the continual ramp-up of B3. Last week we received the C-Zone permit, a significant milestone for the mine, and our priority at New Afton continues to be ramping up B3 production and advancing C-Zone development. We remain on track to deliver on our updated guidance."
GNRC

Hot Stocks

16:51 EDT Generac COO Thomas Pettit to resign - In a regulatory filing, the company states: "On October 6, 2022, Thomas F. Pettit, Chief Operations Officer of Generac Holdings, gave notice of his intention to resign from the Company effective November 1, 2022, to pursue another business opportunity. Mr. Pettit has served as Chief Operations Officer of the Company since February 2020."
EFX MLNK

Hot Stocks

16:34 EDT Equifax expands integration of lending platform with MeridianLink - Equifax (EFX) is expanding its integration of The Work Number with MeridianLink (MLNK) to now deliver instant verifications of employment and income to credit unions, banks and other lenders through the MeridianLink Consumer Loan Origination System. This builds upon the existing integration serving MeridianLink Mortgage customers. The Work Number is a centralized commercial repository of income and employment data in the U.S., offering credentialed verifiers with permissible purpose access to 573 million records from 2.5 million employers powered by the Equifax Cloud.
LUV

Hot Stocks

16:29 EDT Southwest's Aircraft Appearance Technicians approve five-year agreement - Southwest Airlines' Aircraft Appearance Technicians, represented by the Aircraft Mechanics Fraternal Association, have voted in favor of a new five-year agreement. Southwest has nearly 170 Appearance Technicians. The ratified contract is effective immediately and becomes amendable on July 31, 2027.
SPNT

Hot Stocks

16:16 EDT SiriusPoint appoints Steve Yendall CFO effective October 31 - SiriusPoint has announced the appointment of Steve Yendall as Chief Financial Officer, effective October 31.
AZEK

Hot Stocks

16:16 EDT Azek announces opening of new $140M facility in Boise, Idaho - The AZEK Company "unveiled its newest manufacturing facility in Boise, Idaho - AZEK's first in the Western part of the United States. The 350,000 square foot state-of-the-art facility further advances AZEK's strategy to drive material conversion to its types of sustainable, low-maintenance and environmentally sustainable outdoor living products, providing capacity that will allow the Company to scale to market demand for its products."
CIGI

Hot Stocks

16:13 EDT Colliers to acquire controlling interest in Arcadia Management, no terms - Colliers announced it will acquire a controlling interest in Arcadia Management Group a commercial real estate property management firm focused in the Southwest U.S. Arcadia's senior leadership will retain a direct equity stake in the business and continue to drive operations going forward under Colliers' unique partnership model. Arcadia will rebrand as Colliers immediately following closing. Details of the transaction were not disclosed.
SQSP

Hot Stocks

16:11 EDT Squarespace appoints Nathan Gooden CFO - Squarespace announced the appointment of Nathan Gooden as its CFO and Treasurer, effective October 18. Gooden has more than two decades of financial leadership in the technology sector, including most recently as CFO of Amazon Alexa WorldWide.
AVEO

Hot Stocks

16:11 EDT USPTO allows Aveo's patent application covering FOTIVDA for refractory cancer - AVEO Oncology announced that, as disclosed on uspto.gov, the United States Patent and Trademark Office has allowed U.S. Patent Application No. 17/720,619, titled "Use of Tivozanib to Treat Subjects with Refractory Cancer". AVEO expects to receive a Notice of Allowance for this Application. This Application will potentially issue as a patent in 2022 and will provide patent protection in the United States for the claimed methods of use of FOTIVDA into 2039. A Notice of Allowance is issued after the USPTO decides that a patent can be granted from a patent application. The majority of patent applications that receive a Notice of Allowance will issue as a U.S. patent once the issue fee is paid. However, a Notice of Allowance is not a guarantee of patent issuance...If issued, AVEO plans to list this patent in the United States Food and Drug Administration's Orange Book: Approved Drug Products with Therapeutic Equivalence Evaluations as it relates to FOTIVDA with an expiration date of November 5, 2039.
BMRN

Hot Stocks

16:11 EDT FDA accepts BioMarin's BLA for valoctocogene roxaparvovec AAV gene therapy - BioMarin Pharmaceutical announced that the FDA accepted the company's resubmission of the Biologics License Application, BLA, for its investigational AAV gene therapy, valoctocogene roxaparvovec, for adults with severe hemophilia A. The Prescription Drug User Fee Act target action date is March 31, 2023. At this time, the FDA has not communicated any plans to hold an advisory committee meeting. If approved, valoctocogene roxaparvovec would be the first gene therapy in the U.S. for the treatment of severe hemophilia A. "This BLA resubmission is an important step that brings us closer to delivering a gene therapy treatment choice to address the unmet needs of people with severe hemophilia A in the United States. We'd like to extend our sincere gratitude to the bleeding disorders community, study participants, and investigators who have been an integral part of this journey with BioMarin. We look forward to working closely with the Agency on our application for this potentially transformative therapy," said Hank Fuchs, M.D., President of Worldwide Research and Development at BioMarin. "In this application, we have provided a substantial body of evidence that supports the safe and effective use of valoctocogene roxaparvovec for the treatment of adults with severe hemophilia A. In addition, we have proposed 15 years of follow-up for all clinical study participants, as well as a post-approval registry study to follow patients dosed in a real-world setting, to further characterize long-term effects on safety and efficacy that will contribute to increasing the body of knowledge of AAV gene therapy in severe hemophilia A. While we recognize the potential for the Agency to extend the PDUFA action date to review additional long-term follow up data, we are pleased the FDA has initiated its review of the BLA without requesting additional data."
MN

Hot Stocks

16:09 EDT Manning & Napier reports AUM of $17.4B as of September 30 - Manning & Napier reported preliminary assets under management as of September 30 of $17.4B, which included approximately $12.4B in separately managed accounts and approximately $5.0B in mutual funds and collective investment trusts. As previously announced, Manning & Napier expects to complete its transaction with Callodine Group in October 2022.
LSF

Hot Stocks

16:05 EDT Laird Superfood to wind down operations in Sisters, Oregon by end of 2022 - Laird Superfood announced it has entered into a co-packer agreement to outsource the manufacturing of its powdered creamers and hydration products. As a result, the company will be winding down its manufacturing operations in Sisters, Oregon, by the end of 2022. "This strategic pivot to an outsourced manufacturing model will significantly improve our financial profile by reducing fixed overhead and simplifying our business, enabling us to focus on maximizing our commercial growth potential," said Jason Vieth, President and Chief Executive Officer. "Increasing Gross Margin is a strategic imperative for Laird Superfood and this is an important step towards our committed long-term target of 35%. While we've made considerable progress on commercial and operational initiatives over the past several quarters, ongoing challenges in the macro environment make the shift to third-party manufacturing an essential move in order to be more responsive to our customer demand while fully aligning our cost structure with the current state of the business."
GBTC...

Hot Stocks

15:56 EDT Grayscale says 'no justification' for SEC denying converion to spot Bitcoin ETF - "Grayscale Investment filed its opening legal brief in the U.S. Court of Appeals for the District of Columbia Circuit challenging the decision by the Securities and Exchange Commission's to deny conversion of Grayscale Bitcoin to a spot Bitcoin ETF. The opening brief explains the legal basis for Grayscale's arguments. On June 29, the SEC denied Grayscale's application to convert GBTC to a spot ETF. The same day, Grayscale Senior Legal Strategist, former U.S. Solicitor General, and partner at Munger, Tolles & Olson, Donald B. Verrilli, Jr., filed a petition for review to initiate the litigation process. Today's brief outlines why the SEC's disparate treatment of these products was arbitrary, discriminatory, and in excess of the Commission's statutory authority; it also argues that the test the SEC has applied to Bitcoin-related ETFs, and only Bitcoin-related ETFs, is flawed and has been inconsistently applied with a "special harshness" to spot Bitcoin ETFs..."That stark arbitrariness cannot be justified or reconciled with the Commission's mandate to treat like cases alike. Rather, it can be only understood as a substantive judgment on the merits of a spot Bitcoin investment - the kind of substantive judgment that is outside the Commission's authority," the brief reads." said the company in a statement. " Reference Link
SPOT

Hot Stocks

15:41 EDT Spotify falls almost 6% after WSJ reports TikTok's music streaming plans
ENLC XOM

Hot Stocks

15:36 EDT EnLink Midstream signs transportation service pact with ExxonMobil - EnLink Midstream (ENLC) announced that it has entered into a transportation service agreement with a subsidiary of ExxonMobil Corporation (XOM). Under the terms of the TSA, EnLink will utilize portions of its existing pipeline network, as well as new facilities, to deliver carbon dioxide from the Mississippi River corridor in southeastern Louisiana to ExxonMobil's 125,000-acre CO2 storage location under development in Vermilion Parish. The TSA includes industry-standard terms and conditions for the provision of transportation services. Ultimate available reserved capacity under the agreement is up to 10 million metric tonnes per year, with initial reserved capacity of 3.2 million metric tonnes per year, beginning early 2025. "EnLink is executing on our first-mover advantage to become the CO2 transportation provider of choice in Louisiana," EnLink Chief Executive Officer Jesse Arenivas said. "Utilizing our extensive network enables us to provide the most timely and cost-effective solution to CO2 transportation, with a significantly lower environmental impact."
XOM...

Hot Stocks

15:33 EDT ExxonMobil, CF Industries, EnLink Midstream to collaborate on emissions project - CF Industries (CF) announced it has entered into "the largest-of-its-kind commercial agreement" with ExxonMobil (XOM) to capture and permanently store up to 2 million metric tons of CO2 emissions annually from its manufacturing complex in Louisiana. Start-up for the project is scheduled for early 2025 and "supports Louisiana's objective of net zero CO2 emissions by 2050," the companies said. "As previously announced, CF Industries is investing $200 million to build a CO2 dehydration and compression unit at its Donaldsonville, Louisiana, facility to enable captured CO2 to be transported and stored. ExxonMobil will then transport and permanently store the captured CO2 in secure geologic storage it owns in Vermilion Parish. As part of the project, ExxonMobil has signed an agreement with EnLink Midstream to use EnLink's transportation network to deliver CO2 to permanent geologic storage. The 2 million metric tons of emissions captured annually will be equivalent to replacing approximately 700,000 gasoline-powered cars with electric vehicles," the companies said.
AAL

Hot Stocks

15:12 EDT American says oneworld Alliance to relocate global headquarters to Fort Worth - The oneworld Alliance will relocate its global headquarters to Fort Worth, Texas, "joining oneworld founding member American Airlines and strengthening the Dallas-Fort Worth region as a centre of aviation excellence," American announced. Currently located in New York City, the oneworld global headquarters will move to Fort Worth effective December 2022, joining American on its 300-acre, Robert L. Crandall Campus adjacent to Dallas Fort Worth International Airport. "Co-locating with founding member American Airlines, the largest airline in the world, will further accelerate the alliance's drive to deliver greater value for its member airlines and customers. The oneworld central management team will continue to be led by Rob Gurney, who was appointed as CEO in 2016," the company stated. Reference Link
DELL MSFT

Hot Stocks

15:05 EDT Dell, Microsoft collaborate on new innovations for hybrid cloud environments - Dell Technologies (DELL) said said it is building on its "long history of collaboration" with new advancements for Dell Integrated System for Microsoft Azure Stack HCI. Dell announced a collaboration with Microsoft (MSFT) to deliver new single-node configurations for customers with smaller data center footprints, increased AI/ML workload performance, and support for the latest release of Microsoft Azure Stack HCI. Dell Integrated System for Microsoft Azure Stack HCI brings together the power of Microsoft Azure with the control and inherent security of on-premises infrastructure. Roanne Sones, corporate vice president of Azure Edge & Platform at Microsoft said: "Our joint customers are evolving their data centers and edge locations to integrate hybrid cloud delivery models for greater agility. As they build out these architectures, they want to harness the power of Microsoft Azure while retaining the benefits of proven on-premises infrastructure. Our continued collaboration with Dell will allow us to deliver solutions that give customers the flexibility to process and secure their data wherever it lives."
UAL

Hot Stocks

15:02 EDT United Airlines adding new service to three cities, six more flights to Europe - United Airlines announced earlier the debut of the airline's 2023 summer schedule that includes adding new service to three cities - Malaga, Spain; Stockholm, Sweden; and Dubai, UAE - as well as six more flights to "some of the most popular destinations" in Europe, including Rome, Paris, Barcelona, London, Berlin, and Shannon. "In total, United will fly to 37 cities in Europe, Africa, India and the Middle East next summer, more destinations than all other U.S. airlines combined. United saw historic levels of demand for travel to Europe in the summer peak, up 20% compared to 2019, and is focused on developing its network to serve continued demand strength," the company stated. "Next summer United is offering the best of both worlds: we're making it easier for our customers to visit the most popular cities in Europe, but we're also expanding our reach to give travelers access to new places they haven't yet experienced. We expect another busy summer for international travel and are proud to build on our industry-leading global network to offer our customers the widest range of destinations and most convenient travel options," said Patrick Quayle, senior vice president of global network planning and alliances at United.
GCI

Hot Stocks

14:44 EDT Gannett CEO announces 'voluntary severance' offers, other austerity measures - Gannett CEO Mike Reed announced in a memo to staff posted to Twitter by the New York Times' Ben Mullin that the company its offering "voluntary severance" among other austerity measures. Reed said the company continues to face headwinds and uncertainty from "the deteriorating macroeconomic environment," and thus the company is opting to: temporarily suspend the 401k match for contributions made on or after October 24, 2022; mandate that employees must take five days of unpaid leave during the month of December; and offer to pay severance to an employee in exchange for their voluntary resignation and execution of a separation and release agreement. In addition, the Gannett CEO said that the company will cease overall hiring with the exception of key revenue and operating roles, and offered a number of voluntary work options for employees who wish to reduce their work hours or take an extended break to "meet their personal needs." Reference Link
EXTR

Hot Stocks

14:26 EDT Extreme says former employee sold product to sanctioned Russian company - Extreme Networks disclosed that last week it was supplied information by a news organization that helped the company uncover actions taken by a former employee, now working with a Russian distributor, to sell Extreme's product to a U.S. sanctioned company in Russia. The sanctioned company was an indirect customer of a networking business, which Extreme acquired from another company in July 2017. The former employee continued to perpetuate this scheme upon going to work for the distributor after being terminated by Extreme for performance issues, the company said. The total figure of the misappropriated product sales over five years is currently estimated to be approximately $645,000, representing less than 0.01% of the company's global revenue during that time period. Extreme ceased operations in the country in March 2022. The technology that was sold as part of the distributor's scheme was legacy networking hardware used to enable network connectivity. "Extreme takes these matters very seriously. Latham & Watkins LLP, the Company's outside counsel, is assisting with its ongoing internal investigation," it said. Extreme added that it continues to review these matters including whether current and former employees may have been involved. Extreme has notified U.S. regulators.
SIGA

Hot Stocks

14:20 EDT NIH partnering with INRB to evaluate tecovirimat in monkeypox trial in DRC - A clinical trial to evaluate the antiviral drug tecovirimat, also known as TPOXX, in adults and children with monkeypox has begun in the Democratic Republic of the Congo, or DRC, the National Institutes of Health announced. The trial will evaluate the drug's safety and its ability to mitigate monkeypox symptoms and prevent serious outcomes, including death. The National Institute of Allergy and Infectious Diseases, or NIAID, part of the U.S. National Institutes of Health, and the DRC's National Institute for Biomedical Research, or INRB, are co-leading the trial as part of the government-to-government PALM partnership. TPOXX, made by the pharmaceutical company SIGA Technologies, is approved by the U.S. Food and Drug Administration for the treatment of smallpox. Reference Link
CLF

Hot Stocks

13:59 EDT Cleveland-Cliffs announces ratification of new labor agreement with USW - Cleveland-Cliffs announced that its new labor agreement with the United Steelworkers, or USW, has been ratified. The contract covers approximately 12,000 USW-represented employees at 13 operating locations, and has a 4-year duration from its starting date of September 1. "Combined with the previously ratified labor agreement covering 2,000 USW-represented employees at the company's mining and pelletizing operations, Cliffs and the USW have concluded the renegotiating cycle with contracts valid through September of 2026," Cleveland-Cliffs said.
CNI...

Hot Stocks

13:43 EDT North American rail traffic down 0.6% for the week ending October 8 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending October 8. For this week, total U.S. weekly rail traffic was 494,413 carloads and intermodal units, down 2.4% compared with the same week last year. Total carloads for the week ending October 8 were 232,930 carloads, down 2.8% compared with the same week in 2021, while U.S. weekly intermodal volume was 261,483 containers and trailers, down 2% compared to 2021. North American rail volume for the week ending October 8, on 12 reporting U.S., Canadian and Mexican railroads totaled 336,086 carloads, down 0.5% compared with the same week last year, and 354,116 intermodal units, down 0.8% compared with last year. Total combined weekly rail traffic in North America was 690,202 carloads and intermodal units, down 0.6%. North American rail volume for the first 40 weeks of 2022 was 27,092,123 carloads and intermodal units, down 2.2% compared with 2021. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), FreightCar America (RAIL), Trinity Industries (TRN), Greenbrier (GBX) and Wabtec (WAB). Reference Link
STLA

Hot Stocks

13:20 EDT Jeep brand to showcase first-ever BEV Jeep Avenger at 2022 Paris Motor Show - The Jeep brand will showcase a 100 percent electrified presence at the 2022 Paris Motor Show, with a stand fully dedicated to the introduction of the all-new fully electric Jeep Avenger, the brand's first-ever BEV. The all-electric Jeep Avenger will offer Jeep brand capability that is rightsized for the European market delivering a targeted electric range of 400 kilometers, combined with modern and technologically advanced interior, with plenty of space for people and cargo. The new Avenger will be revealed during a press conference hosted by Christian Meunier, the Jeep Brand CEO, at 2 p.m. CET on October 17th. Customers will be able to make reservations for a launch edition of the new BEV immediately after the press conference. The Jeep Avenger will join an already fully electrified European line-up which include 4xe versions of the Jeep Wrangler, Compass, and Renegade. It will also be followed early next year by the launch of the 4xe version of the all-new Jeep Grand Cherokee. In countries such as Germany and France, the Jeep brand offers only electrified SUVs and by the end of the year almost all of the major markets in Continental Europe will offer only electrified SUVs. The Jeep fully electric plan, revealed in September, builds upon this 4xe momentum, calling for the development of a portfolio of capable, fully electric vehicles for Europe. The brand will introduce four zero-emission vehicles in Europe by 2025, with offerings in the main volume segments, including the Jeep Recon and the Wagoneer "S," two all new and all-electric vehicles that will compete in the global mid-size SUV segment. As a result of this product onslaught, all the Jeep vehicles on sale in the region will be 100% electric by 2030.Reference Link
COIN SBNY

Hot Stocks

13:15 EDT Coinbase commences partnership with Signature Bank - Signature Bank (SBNY) and Coinbase Exchange (COIN) announced their expanded relationship. Coinbase Exchange has integrated with Signature Bank's Signet platform, a 'blockchain-based, digital payments platform, to provide a real-time settlement and payment rail for their institutional clients, the companies said. Through this enhanced relationship, Coinbase's Exchange clients can utilize Signet to fund and settle their Coinbase accounts in real-time, 24/7/365, they said.
PARAA PARA

Hot Stocks

13:02 EDT CJ 4DPlex says 'Top Gun: Maverick' grossed $60M in its premier formats - CJ 4DPlex announced that Paramount Pictures' film "Top Gun: Maverick" has reached new heights with $60M in box office sales in the company's premier theater formats, the visually immersive, 270-degree panoramic ScreenX and the multi-sensory 4DX. This continues to mark the highest grossing title in the company's history, with 4DX surpassing $40M and ScreenX surpassing $20M at the global box office, the company said. With 786 4DX theatres and 370 ScreenX theatres worldwide, CJ 4DPlex's formats combined are now the second largest premium format network in the world. "'Top Gun: Maverick' continues to wow audiences and set more box office records even into October," stated Jongryul Kim, CEO, CJ 4DPlex. "We look forward to continuing our partnership with Paramount Pictures, Tom Cruise, Joe Kosinski and Jerry Bruckheimer and provide global audiences with premium moviegoing experiences that can't be replicated anywhere else."
GOOG...

Hot Stocks

12:03 EDT Google unveils line of cloud gaming Chromebooks from Acer, ASUS, Lenovo - Yesterday, Google (GOOGL) introduced the world's first laptops built for cloud gaming along with partners, ASUS and Lenovo (LNVGY). These new Chromebooks bring together gaming hardware features, access to the latest games with cutting edge graphics through the cloud, and software designed to make gaming fast and easy, Google said. "We are announcing three new Chromebooks today: Acer Chromebook 516 GE, ASUS Chromebook Vibe CX55 Flip and Ideapad Gaming Chromebook from Lenovo," the company continued. "These laptops come loaded with features that are great for gaming, including 120Hz+ high resolution screens for crystal clear visuals, RGB gaming keyboards (on select models) with anti-ghosting capabilities for added speed and excitement, WiFi 6 or 6E for seamless connectivity and immersive audio to draw you into your game." Google added that it has teamed up with Nvidia (NVDA) to bring support for GeForce NOW's highest performance RTX 3080 tier to cloud gaming Chromebooks and that it is working with Microsoft (MSFT) to bring Xbox Cloud Gaming to Chromebook through an installable web app. Reference Link
JLL

Hot Stocks

12:03 EDT JLL Technologies, OpenSpace win bid to support PBS asset and project management - OpenSpace announced it has been selected "as the enterprise-wide image capture solution of choice," alongside JLL Technologies, for the U.S. General Services Administration's Public Buildings Service. "PBS will use OpenSpace Capture to support the management of assets and projects throughout the planning, design, construction, operations, and maintenance life cycle phases. OpenSpace will be partnering with JLL Technologies on the contract and providing program management support for the rollout across all 11 GSA regions... As a part of this selection, OpenSpace is also working towards authorization under the Federal Risk and Authorization Management Program, or FedRAMP, a government-wide security authorization program for cloud-based services. With the onset of the COVID-19 pandemic, PBS began to explore ways to use technology to manage projects remotely. Following a successful pilot, PBS sought an enterprise-wide solution and selected JLL/T and OpenSpace as the provider of choice through GSA's Multiple Award Schedule," the companies stated.
CCJ

Hot Stocks

12:00 EDT Cameco falls -15.5% - Cameco is down -15.5%, or -$4.00 to $21.82.
EVA

Hot Stocks

12:00 EDT Enviva falls -17.5% - Enviva is down -17.5%, or -$10.32 to $48.65.
OMI

Hot Stocks

12:00 EDT Owens & Minor falls -30.7% - Owens & Minor is down -30.7%, or -$7.14 to $16.08.
UVE

Hot Stocks

12:00 EDT Universal Insurance rises 8.1% - Universal Insurance is up 8.1%, or 69c to $9.26.
AZZ

Hot Stocks

12:00 EDT AZZ Inc. rises 11.7% - AZZ Inc. is up 11.7%, or $3.54 to $33.95.
GATO

Hot Stocks

12:00 EDT Gatos Silver rises 22.5% - Gatos Silver is up 22.5%, or 58c to $3.16.
VINC

Hot Stocks

11:56 EDT Vincerx Pharma treatment of DLBCL granted orphan designation - Vincerx Pharma's treatment of diffuse large B-cell lymphoma/high grade B-cell lymphoma with MYC and BCL2 rearrangements was granted orphan designation by the FDA, according to a post to the agency's website. Reference Link
PHX

Hot Stocks

11:47 EDT PHX Minerals completes divestiture, additional mineral acquisitions - PHX Minerals announced that it has closed on the previously announced sale of all its remaining legacy non-operated working interest wellbores in the Fayetteville Shale play in Arkansas to an undisclosed buyer for a total of $6.05M. This divestiture represents 210 gross legacy wellbores and removes approximately $212,000 in asset retirement obligation from the company's balance sheet. On a pro forma basis, PHX has 789 gross legacy non-operated working interest wellbores remaining. Additionally, PHX completed the acquisition of approximately 575 net royalty acres located primarily in Caddo and DeSoto Parishes, Louisiana, for $6.23M. These acquisitions are predominately located in the same focus area of the Haynesville Shale as the company's previously closed royalty acreage acquisitions where drilling activity continues to accelerate. Chad Stephens, President and CEO, said, "These transactions are a continuation of our strategy to high grade PHX's asset base by divesting legacy non-operated working interest wellbores and reinvesting the proceeds in higher margin royalty minerals in our core areas of focus. Also, we anticipate the core focus areas in which we are acquiring minerals to be the leading basins in U.S. natural gas production growth over the next several years. Reputable, well-capitalized operators are actively developing these areas. As such, we expect royalty volumes to continue to increase from the development of acquired minerals in future quarters, which will drive higher future cash flows."
SAVA

Hot Stocks

11:32 EDT Cassava enrolling open-label extension for Phase 3 simufilam trials - According to a post to ClinicalTrials.gov dated October 11 and updated on October 12, Cassava Sciences is enrolling by invitation for an open-label extension study to assess long-term safety and tolerability of simufilam 100 mg in subjects who have completed the RETHINK-ALZ or REFOCUS-ALZ Phase 3 clinical trials. "We anticipate up to 1600 subjects may enroll in this study. Approximately up to 150 clinical sites in the USA, Canada, South Korea, and Australia will have the option to participate in this collaborative research effort," the post stated. Reference Link
CENX

Hot Stocks

11:29 EDT Century Aluminum trading resumes
WINA

Hot Stocks

11:21 EDT Winmark board declares special dividend of $3.00 per share - Winmark Corporation announced that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of 70c per share will be paid December 1, 2022 to shareholders of record on the close of business on November 9, 2022. Additionally, the Board of Directors has approved the payment of a special dividend to shareholders. The special dividend of $3.00 per share will be paid on December 1, 2022 to shareholders of record on the close of business on November 9, 2022. The total amount of the special dividend payment will be approximately $10.3M based on the current number of shares outstanding. It is anticipated that Winmark will use cash on hand to finance the special dividend. Future dividends will be subject to Board approval.
CENX

Hot Stocks

11:19 EDT Century Aluminum trading halted, volatility trading pause
CTV...

Hot Stocks

11:08 EDT Innovid, Fox Corp. enter multiyear partnership for cross-platform measurement - Innovid (CTV) announced a partnership with Fox Corporation (FOXA, FOX) to measure cross-platform viewing consumption across its portfolio of news, sports, entertainment, and streaming properties. FOX plans to use InnovidXP, Innovid's cross-platform TV measurement solution, to further accelerate its efforts to unify and facilitate new ways of measuring ad delivery, impact, and performance across its portfolio.
CMPS

Hot Stocks

11:06 EDT Compass Pathways announces Phase 3 program design for COMP360 - COMPASS Pathways announced the Phase 3 pivotal program design for COMP360 psilocybin therapy in treatment resistant depression during a virtual Capital Markets Day. COMPASS' program will be the first ever Phase 3 program of psilocybin therapy globally, and follows positive results from its Phase 2b study in treatment-resistant depression, presented at the American Psychiatric Association annual meeting in May 2022. The Phase 3 program is composed of three clinical trials, two pivotal trials and one long-term follow-up, and is expected to commence by the end of 2022. The pivotal program design is as follows: Pivotal trial 1: a single dose monotherapy compared with placebo. This trial is designed to replicate the treatment response seen in the company's Phase 2b study. Pivotal trial 2: a fixed repeat dose monotherapy using three dose arms: 25mg, 10mg and 1mg. This trial is designed to investigate if a second dose can increase the number of responders and/or improve response seen in the company's Phase 2b study and explore the potential for a meaningful treatment response from repeat administration of COMP360 10mg. The primary endpoint in both pivotal trials is the change from baseline in MADRS total score at Week 6.
NMRD

Hot Stocks

11:04 EDT Nemaura Medical receives provisional purchase order from Middle East licensee - Nemaura Medical announced it has received a provisional purchase order from TPMENA, its Middle East/North Africa licensee for the company's sugarBEAT system. TPMENA issued the provisional purchase order with Nemaura following its regulatory registration submission for sugarBEAT in the Kingdom of Saudi Arabia. Registration in KSA is anticipated in the first quarter of 2023. The provisional purchase order is for 17,500 devices, and 1.7 million sensors, with 7,500 devices and 700,000 sensors in the first year following launch in KSA and 10,000 units and 1 million sensors in the second year. The purchase order is contingent on receipt of KSA registration.
MGM

Hot Stocks

11:04 EDT MGM Resorts announces $100M remodel plan for Mandalay Bay convention center - Mandalay Bay Resort & Casino, which is operated by MGM Resorts International, unveiled details around the $100M remodel of its 2.1 million-square-foot convention center. "With Mandalay Bay home to many of the city's top events and trade shows year after year, we recognized the need to upgrade the space to reflect modern-day needs and create a timeless design complemented by our premier service experience. We listened to feedback from meeting planners over recent years and are confident this refreshed and upgraded space will exceed their needs and expectations in every way," said Ernest Stovall, Vice President of Sales for Mandalay Bay. Mandalay Bay Convention Center will remain open and fully operational throughout the remodel, with upgrades executed in phases, the company said. The project is expected to be complete by the end of 2024.
HII

Hot Stocks

11:04 EDT Huntington Ingalls wins U.S. Air Force $76.7M task order - HII announced that its Mission Technologies division has been awarded a $76.7M task order by the U.S. Air Force to perform research, analysis, test and evaluation that will support and inform USAF decisions related to electronic warfare and electromagnetic spectrum capabilities development.
MSGS

Hot Stocks

11:03 EDT Manhattan West named official partner of the New York Knicks - Madison Square Garden Sports announced a multi-year marketing partnership with Manhattan West, naming New York City's newest dynamic destination for food, culture, retail and hospitality an Official Partner of the New York Knicks. Through the partnership, Manhattan West will receive significant brand promotion during Knicks games at The Garden, including LED Signage, on-court contests, concourse tabling and promotional in-game features on GardenVision. Additionally, Manhattan West will be highlighted on the digital boards outside of Madison Square Garden, which are on display to the millions of people who walk by The Garden every day.
STGW

Hot Stocks

10:56 EDT Stagwell acquires Maru Group, terms not disclosed - Maru Group has announced it has been acquired by Stagwell, the challenger network built to transform marketing. Maru Group will join the Stagwell Marketing Cloud, a suite of proprietary SaaS and DaaS tools for in-house marketing teams. Maru's suite provides real-time access to insight and results, bringing into one ecosystem adaptive interpretation of behavioral, transactional, and attitudinal consumer data. Terms of the deal were not disclosed.
MRNA

Hot Stocks

10:46 EDT Moderna receives FDA EUA for Omicron-targeting bivalent COVID-19 booster vaccine - Moderna announced that it has received emergency use authorization from the U.S. Food and Drug Administration for its BA.4/BA.5 Omicron-targeting bivalent COVID-19 booster vaccine, mRNA-1273.222, in children and adolescents 6 to 17 years of age. The authorizations are based on a 25 undefined booster dose for children ages 6 to 11 years old and a 50 undefined booster dose for adolescents 12 to 17 years old, each following a completed primary series of any of the authorized COVID-19 vaccines or a previous booster. The booster doses of mRNA-1273.222 each contain mRNA encoding for the spike protein of BA.4/BA.5 as well as mRNA encoding for the original strain of the SARS-CoV-2 virus.
BVH

Hot Stocks

10:33 EDT Bluegreen Vacations acquires resort, spa in Panama City Beach, Florida - Bluegreen Vacations Holding Corporation announced its recent acquisition of a 320-room resort and spa in Panama City Beach, Florida and two buildings in the Streamside at Vail Resort enclave in Vail, Colorado. Bluegreen currently plans to convert the 320-guestroom resort and spa, formally branded and managed as a Sheraton to 200 rooms, consisting of studios, one bedroom, two-bedroom and presidential suites and add a new sales preview center. The property, which includes a full-service spa, four restaurants, a private marina and beach as well as pools, tennis courts and fitness center, will receive additional enhancements to building exteriors, public areas and other improvements. The Panama City Beach Resort and Spa is Bluegreen's second acquisition in 2022 having acquired property at Streamside at Vail in July. The company's purchase of the Vail property will add 46 units of one-bedroom and one-bedroom loft to Bluegreen's growing inventory and provide access to a range of amenities including clubhouse, spa, fitness center and shuttle service to local attractions. Plans are underway to renovate guest rooms, building exterior, and infrastructure in early 2023.
PFE BNTX

Hot Stocks

10:19 EDT Pfizer, BioNTech receive FDA EUA for Omicron BA.4/BA.5-adapted bivalent vaccine - Pfizer (PFE) and BioNTech (BNTX) announced that the U.S. Food and Drug Administration granted Emergency Use Authorization for a 10-microgram booster dose of their Omicron BA.4/BA.5-adapted bivalent COVID-19 vaccine in children 5 through 11 years of age. Pending recommendation from the Centers for Disease Control and Prevention, 10-microgram doses will be shipped immediately. "As families across the country take part in fall festivities and plan for the upcoming holiday season, we aim to provide school-aged children with additional protection against the Omicron BA.4/BA.5 subvariants, which continue to account for more than 80% of cases in the U.S.," said Albert Bourla, Chairman and Chief Executive Officer, Pfizer. "Anticipating this need, we manufactured millions of booster doses, which will be made available, pending CDC recommendation, to help families stay up to date with COVID-19 vaccinations." The authorization of the bivalent COVID-19 vaccine for children 5 through 11 years of age is supported by safety and immunogenicity data from Pfizer and BioNTech's 30-microgram Omicron BA.1-adapted bivalent vaccine, non-clinical and manufacturing data from the companies' 10-microgram Omicron BA.4/BA.5-adapted bivalent vaccine, and pre-clinical data from the 30-microgram Omicron BA.4/BA.5-adapted bivalent vaccine. Clinical data from a Phase 2/3 trial showed a booster dose of Pfizer and BioNTech's 30-microgram Omicron BA.1-adapted bivalent vaccine elicited a superior immune response against the Omicron BA.1 subvariant compared to the companies' original COVID-19 vaccine, with a favorable safety profile. Additionally, pre-clinical data showed a booster dose of the 30-microgram BA.4/BA.5-adapted bivalent vaccine generated a strong neutralizing antibody response against the Omicron BA.1, BA.2, BA.4 and BA.5 subvariants, as well as the original virus. Pfizer and BioNTech have submitted an application to the European Medicines Agency requesting a variation of the companies' marketing authorization in the European Union to include a 10-microgram booster dose of Omicron BA.4/BA.5-adapted bivalent COVID-19 vaccine in this age group. Similar applications are planned for submission with regulatory authorities around the world in the coming weeks. A Phase 1/2/3 pediatric study is currently underway to evaluate different dosing regimens and dose levels of the Omicron BA.4/BA.5-adapted bivalent COVID-19 vaccine across age groups.
PLCE

Hot Stocks

10:13 EDT Children's Place launches PJ Place brand - The Children's Place announced the launch of PJ Place. This new sleepwear lifestyle brand is targeted towards Millennial and Gen Z audiences and showcases an inspirational and diverse group of entrepreneurs, celebrities and influencers, including Khloe Kardashian, Kris Jenner, CEO of Etre Girls, Illana Raia, TV personality, Tyler Cameron, The Toast podcast hosts Claudia and Jackie Oshry, TikTok stars, Rod Thill and Erika Priscilla.
PHG

Hot Stocks

10:00 EDT Philips falls -11.4% - Philips is down -11.4%, or -$1.71 to $13.21.
CCJ

Hot Stocks

10:00 EDT Cameco falls -12.6% - Cameco is down -12.6%, or -$3.25 to $22.57.
OMI

Hot Stocks

10:00 EDT Owens & Minor falls -22.4% - Owens & Minor is down -22.4%, or -$5.19 to $18.03.
UMC

Hot Stocks

10:00 EDT UMC rises 6.6% - UMC is up 6.6%, or 35c to $5.71.
NOTE

Hot Stocks

10:00 EDT FiscalNote rises 6.8% - FiscalNote is up 6.8%, or 34c to $5.33.
HKD

Hot Stocks

10:00 EDT AMTD Digital rises 19.6% - AMTD Digital is up 19.6%, or $8.05 to $49.20.
PFE...

Hot Stocks

09:56 EDT FDA authorizes new Moderna, Pfizer boosters for younger age groups - The Food and Drug Administration amended the emergency use authorizations of the Moderna (MRNA) COVID-19 Vaccine, Bivalent and the Pfizer (PFE) - BioNTech (BNTX) COVID-19 Vaccine, Bivalent to authorize their use as a single booster dose in younger age groups. The Moderna COVID-19 Vaccine, Bivalent is authorized for administration at least two months following completion of primary or booster vaccination in children down to six years of age. The Pfizer-BioNTech COVID-19 Vaccine, Bivalent is authorized for administration at least two months following completion of primary or booster vaccination in children down to five years of age. Reference Link
PFE...

Hot Stocks

09:50 EDT FDA authorizes new Moderna, Pfizer boosters for younger age groups - The Food and Drug Administration amended the emergency use authorizations of the Moderna (NRMA) COVID-19 Vaccine, Bivalent and the Pfizer (PFE) - BioNTech (BNTX) COVID-19 Vaccine, Bivalent to authorize their use as a single booster dose in younger age groups. The Moderna COVID-19 Vaccine, Bivalent is authorized for administration at least two months following completion of primary or booster vaccination in children down to six years of age. The Pfizer-BioNTech COVID-19 Vaccine, Bivalent is authorized for administration at least two months following completion of primary or booster vaccination in children down to five years of age. Reference Link
PFE...

Hot Stocks

09:47 EDT FDA authorizes Moderna, Pfizer omicron booster for younger kids - The Food and Drug Administration amended the emergency use authorizations of the Moderna (NRMA) COVID-19 Vaccine, Bivalent and the Pfizer (PFE) - BioNTech (BNTX) COVID-19 Vaccine, Bivalent to authorize their use as a single booster dose in younger age groups. The Moderna COVID-19 Vaccine, Bivalent is authorized for administration at least two months following completion of primary or booster vaccination in children down to six years of age. The Pfizer-BioNTech COVID-19 Vaccine, Bivalent is authorized for administration at least two months following completion of primary or booster vaccination in children down to five years of age. Reference Link
PHG

Hot Stocks

09:47 EDT Philips falls -12.2% - Philips is down -12.2%, or -$1.81 to $13.10.
CCJ

Hot Stocks

09:47 EDT Cameco falls -13.2% - Cameco is down -13.2%, or -$3.40 to $22.42.
OMI

Hot Stocks

09:47 EDT Owens & Minor falls -21.1% - Owens & Minor is down -21.1%, or -$4.90 to $18.32.
UMC

Hot Stocks

09:47 EDT UMC rises 4.2% - UMC is up 4.2%, or 23c to $5.58.
BBU

Hot Stocks

09:47 EDT Brookfield Business Partners rises 6.7% - Brookfield Business Partners is up 6.7%, or $1.25 to $19.90.
HKD

Hot Stocks

09:47 EDT AMTD Digital rises 16.7% - AMTD Digital is up 16.7%, or $6.88 to $48.03.
CMCSA

Hot Stocks

09:42 EDT Comcast announces Mike Cavanagh promoted to President - Comcast announced that Mike Cavanagh has been named President. "With this promotion, Mike will work closely with Chairman and CEO Brian Roberts to manage the businesses and teams across the company. Mike will be only the third President in the company's 59-year history. He will remain Chief Financial Officer," the company stated. "Today's promotion will come as no surprise - Mike is admired and trusted by those who know and work with him. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. He's an outstanding partner and together we are focused on continuing to create new and exciting opportunities for growth," added Roberts.
HKD

Hot Stocks

09:41 EDT AMTD Digital Inc - ADR trading resumes
KNTE

Hot Stocks

09:36 EDT Kinnate Biopharma trading resumes
HKD

Hot Stocks

09:35 EDT AMTD Digital Inc - ADR trading halted, volatility trading pause
HON

Hot Stocks

09:34 EDT Honeywell, Accelerator for America collaborate to promote smart city growth - Honeywell and Accelerator for America announced the launch of the Honeywell Smart City Accelerator Program to help cities strategically plan their futures and build capacity to fund transformational initiatives. Honeywell is engaging with five U.S. cities to provide in-kind support to accelerate progress on their smart city strategic planning. The cities are Cleveland, Louisville, Ky., Kansas City, Mo., San Diego, and Waterloo, Iowa. Through the Smart City Accelerator, each city will receive technical support from Honeywell and Accelerator to develop a Smart City Strategic Plan. Each strategic plan will align key stakeholders, define priorities, and identify high-impact and inclusive initiatives that advance residents' quality of life in areas such as climate resiliency, public safety, operational efficiency and improved service delivery. Each city will also receive support in applying for federal grants to support the implementation of identified projects.
KNTE

Hot Stocks

09:31 EDT Kinnate Biopharma trading halted, volatility trading pause
TCBI

Hot Stocks

09:26 EDT Texas Capital announces plans for Texas headquarters - Texas Capital Bancshares announced new plans for its headquarters located in Dallas. Texas Capital Bank has executed a 15-year lease term with Union Investment Real Estate GmbH, owner of 2000 McKinney Avenue, and will rename the entire building to Texas Capital Center. The new lease will increase the Bank's footprint to encompass more than 200,000 square feet across seven floors, which includes its existing banking center located in the lobby. Texas Capital Bank plans to retain and renovate two existing floors and acquire and buildout a contiguous block of floors in the midrise. In addition to naming rights of the building, the new lease provides Texas Capital Bank with the installation of larger, more visible signage at the crown of the establishment. The building includes a total of 21 floors, a multi-story parking garage, a fitness center, an onsite fast casual food option, and a formal restaurant. Texas Capital Bank, which first moved its headquarters to the building in 2008, has begun design and planning for the new Texas Capital Center with the goal of meeting the future needs of its employees and clients. Construction is slated to begin in early 2023 and will be completed in phases throughout 2024.
CETX

Hot Stocks

09:26 EDT Cemtrex's Vicon announces launch of new LPR camera - Vicon Industries, a subsidiary of Cemtrex, announced the launch of a new License Plate Recognition, LPR, Camera. The Roughneck Pro LPR Camera allows users to capture, store, and search on license plates from over 70 countries, and visually examine details like vehicle color, make, and model in impressive 8MP detail-all from a single camera. "Our LPR camera does the job of two separate cameras: an LPR camera and a 4K surveillance camera," said Bob Germain, Vicon's Director of Camera Products. "Traditionally, LPR cameras require special image configurations and a tighter field-of-view to capture the plate information. This means users could miss additional vehicle details, like make, model, color, vehicle damage, and parking decals, as well as what's going on in the scene around the vehicle," added Bob.
BA

Hot Stocks

09:24 EDT Boeing, Cargolux finalize 777-8 Freighter order - Boeing and Cargolux have finalized an order of 10 777-8 Freighters with options for six additional airplanes, with a signing ceremony today at Cargolux's headquarters in Luxembourg. The selection of Boeing's newest freighter was previously announced at this year's Farnborough International Airshow as Cargolux's preferred choice as the replacement for its 747-400 Freighter fleet. Cargolux's choice of the 777-8 Freighter underlines its commitment to establishing long-term sustainability. Europe's number one all-cargo airline has a long-standing engagement towards sound operations and the 777-8 Freighter offers reduced emissions, noise, as well as the lowest fuel use and operating costs per tonne of any large freighter. Boeing launched the new 777-8 Freighter in January 2022 and has now booked more than 50 orders for the model. The 777-8 Freighter has nearly identical payload and range capabilities as the 747-400 Freighter while providing 30% better fuel efficiency and emissions and 25% better operating costs per tonne. It is the ideal choice as operators replace aging freighters later this decade. "With its purchase of our newest freighter, Cargolux has invested in a sustainable future as the 777-8 Freighter will significantly reduce CO2 emissions compared to the airplane it is replacing," said Stan Deal, president and CEO of Boeing Commercial Airplanes. "Equally important, the 777-8 Freighter operates with a noise footprint up to 60% smaller than its predecessors, significantly minimizing noise emissions around airport communities."
BKI

Hot Stocks

09:22 EDT Black Knight integrates Surefire, Servicing Digital solutions - Black Knight announced a new integration between its Servicing Digital and Surefire marketing automation solutions. This integration allows servicers using Servicing Digital to make valuable content available to homeowners directly within the application. This content works to enhance customer engagement and retention by educating customers on common servicing-related topics throughout their servicing journey. "Communication is a leading factor in customer satisfaction, and Black Knight continues to prioritize the enhancement of self-service tools to give customers the digital capabilities they want," said Joe Nackashi, CEO of Black Knight. "Through this latest integration, servicers can proactively reach out to homeowners with content that's uniquely designed to educate them on common questions and to celebrate milestones. This can contribute to long-term retention by creating meaningful connections between servicers and their customers."
GOOG...

Hot Stocks

09:21 EDT Google Cloud, edX partner to launch cloud computing professional certificate - Google Cloud (GOOG;GOOGL) and edX, a leading global online learning platform from 2U (TWOU), announced the launch of a Professional Certificate program in Google Cloud Computing Foundations. The certificate will bring edX's global community of 45 million learners access to skills that are central to cloud basics, big data, machine learning, and where and how Google Cloud fits in. Registration is open today at www.edx.org, with courses beginning November 2022. "We are excited to launch our Google Cloud training content on the edX platform," said Chris Pirie, Director of Google Cloud Learning Profile and Partnerships. "This partnership presents a fantastic opportunity for learners around the world to build in-demand cloud skills on a proven learning platform."
PPSI

Hot Stocks

09:20 EDT Pioneer Power awarded $8M purchase order for its flagship E-Bloc solution - Pioneer Power Solutions announced that one of the world's largest automakers has awarded Pioneer an $8M purchase order for its flagship E-Bloc electrical solution. The purchase order was awarded by the automaker's recently launched division that is purely devoted to batteries and EV manufacturing. This order does not include any equipment for the yet to be designed manufacturing hubs, which represents an additional opportunity for the Company. Delivery is scheduled for the third quarter of 2023. "This is an important win for Pioneer, as our solutions were selected in a competitive bidding process across a field that included much larger players," commented Nathan Mazurek, Pioneer's Chairman and Chief Executive Officer. "Our ability to design and deliver special electrical solutions for complex and large applications on a timely and competitive basis was a key differentiator in the selection. This particular automaker is aggressively investing in its electric vehicle infrastructure based on the success of its recently introduced EV cars and trucks and the general, robust demand for EVs. Our solutions will provide resiliency, flexibility and protection for the plant's power needs by seamlessly integrating multiple power sources. We already expected a significant step-up in revenue in 2023, and this win bolsters that expectation and our confidence going forward."
CTSO

Hot Stocks

09:18 EDT CytoSorbents reported new cardiac surgery data with CytoSorb - CytoSorbents announced the presentation of new data on the use of CytoSorb in various cardiac surgery indications at the 36th European Association for Cardio-Thoracic Surgery, EACTS, Annual Meeting last week in Milan, Italy. During the main scientific session, Professor Matthias Thielmann - Dept. of Thoracic and Cardiovascular Surgery, West-German Heart & Vascular Center, University Duisburg-Essen, Germany presented the "Effect of intraoperative hemoadsorption therapy in acute infective endocarditis with confirmed Staph. aureus bacteremia." Study population: 130 consecutive patients with confirmed SAE who underwent heart valve surgery at 2 leading German Heart Centers between 01/2015 - 03/2022. Study objectives: To compare clinical outcomes between patients who underwent standard of care valve replacement surgery and patients who underwent standard of care valve replacement surgery plus intraoperative hemoadsorption with CytoSorb. Primary outcome: Postoperative vasopressor requirements assessed by the Vasoactive-Inotropic Score was significantly reduced in the CytoSorb group at 6, 12, 24, 48 and 72 hours, consistent with improved hemodynamic stability after surgery. Secondary outcomes: Sepsis-related mortality was significantly reduced in the CytoSorb group, as was overall 30-day and 90-day mortality. This marked effect on mortality translated into a Number Needed to Treat of just 5 patients to save a life. The authors summarized the results as: "1) Mortality following cardiac surgery in infective endocarditis, particularly caused by S. aureus, is still high; 2) Intraoperative cytokine adsorption leads to improved postoperative hemodynamics, 3) Improved survival in patients treated by intraoperative adjunctive hemoadsorption" and concluded that: "Hemoadsorption with CytoSorb seems to be a safe and effective adjunctive therapy in Staphylococcus aureus infective endocarditis during cardiac surgery."
SLRC

Hot Stocks

09:17 EDT SLR Investment announces formation of SLR Senior Lending Program - SLR Investment Corp. announces that it has entered into a joint venture agreement with SunStone Senior Credit to create SLR Senior Lending Program. The joint venture is expected to invest primarily in senior secured cash flow loans. SLR Investment Corp. and the Investor each have made initial equity commitments of $50 million, resulting in a total equity commitment of $100 million. SSLP intends to seek third party financing to allow the joint venture to utilize leverage. The Company and the Investor expect to begin funding SSLP with investments prior to the end of 2022. Investment decisions and all other material decisions in respect of SSLP must be approved by representatives of the Company and the Investor.
OTEX

Hot Stocks

09:16 EDT OpenText teams up with NetScaler to deliver advanced web application protection - OpenText announced the integration of its BrightCloud Threat Intelligence with NetScaler Application Delivery Controller. The move will provide NetScaler customers with contextual insights and automatically protect against malicious IP addresses to improve their resilience in managing the latest security threats. NetScaler ADC and WAF protect customers from known and zero-day application attacks with a comprehensive security solution for web applications and Application Programming Interfaces both on-premises and in the cloud. With the BrightCloud IP Reputation Service as its threat intelligence source, NetScaler can efficiently inspect client requests for attack traffic by filtering against known malicious IP addresses.
THO

Hot Stocks

09:15 EDT Thor Industries increases regular quarterly dividend 5% to 45c per share - Thor Industries approved an increase in the amount of its regular quarterly dividend to 45c per share from 43c per share, an increase of approximately 5%. The regular cash dividend is payable on November 9 to shareholders of record at the close of business on October 26.
GLDD

Hot Stocks

09:14 EDT Great Lakes Dredge reports $143.5M in dredging awards - Great Lakes Dredge received several major dredging awards totaling $143.5M with open options pending award of $102.9M. The South Atlantic Division Regional Harbor Dredging 2023 Project has $12.7M of option work pending award; work is expected to commence in December of 2022 with estimated completion in August 2023. The Fire Island Inlet to Montauk Point, Contract 2 Project work is expected to commence in Q4 with estimated completion in 1Q23. The Great Egg Harbor Inlet and Peck Beach Ocean City Beach Renourishment Project has $5.8M of option work pending award, with work expected to commence in Q4 and estimated completion in 1Q23. Houston Ship Channel work is expected to commence in Q4 with estimated completion in 1Q23. The Naval Submarine Base Kings Bay Maintenance Dredging Project is expected to commence and complete in 1Q23. The Gulf Coast Regional Hopper Dredge Rental Contract includes dredging to maintain the operating depths in the Mississippi River has $7.2M in open options pending award, with work expected to commence in March 2023 with estimated completion in October 2023. The Mobile Harbor Dredging Project is expected to commence in January of 2023 with estimated completion in April of 2023. The McLellan-Kerr Arkansas River Navigation System Station Dredging Project has $51.6M of option work pending award, with work expected to commence in 4Q22 and complete in 1Q23.
VICR

Hot Stocks

09:14 EDT Vicor launches 'Powering Innovation' podcast - Vicor launched the Powering Innovation podcast, which showcases pioneering technologies by the most innovative customers who developed world-changing products through visionary leadership and engineering. The podcasts explore the role power electronics plays in unlocking breakthrough solutions to real-world problems.
TURN

Hot Stocks

09:13 EDT 180 Degree Capital sees NAV $8.06-$8.10 as of September 30 - "To say that 2022 has been a difficult market to navigate might be the understatement of the century," said Kevin M. Rendino, CEO of 180. "That said, while we have not yet closed our books for the quarter, particularly regarding the valuations for our legacy private portfolio holdings, we currently expect our net asset value per share as of September 30, 2022, to be approximately $8.06-$8.10, a slight decrease from the end of the prior quarter. Importantly, we also expect at least 80 percent of our net assets to be in cash and securities of public and related companies as of the end of Q3 2022, and total approximately $67.5 million, or $6.51 per share. To be clear, given the current construct of our assets, we believe we have more flexibility for creating shareholder value now than at any time since 180 started in 2017. Despite the market chaos, our NAV was barely down last period, and hopefully represents something closer to a cycle low, rather than a stock market high. We currently believe that many of our holdings have significant upside as we look beyond this difficult period. If that comes to fruition, we believe our NAV could increase materially over the longer term. Once again during Q3 2022, I, along with others on the management team of 180, have shown our commitment to align our interests with our shareholders by increasing our holdings of 180 through open-market purchases of 180's common stock with after-tax dollars."
SGPYY

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09:11 EDT Sage Group announces increased investment in Sage Intacct - Sage announces increased investment in Sage Intacct. Through a series of significant product updates and enhancements, more customers will be able to experience increased productivity and smoother business processes. Delivering against Sage's ambition to become the trusted network for SMBs, the scale of Sage Intacct enables customers to automate processes, boost productivity and free up time to focus on running their businesses.
IOSP

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09:10 EDT Innospec publishes 2021 Responsible Business Report - Innospec announced the publication of its 2021 Responsible Business Report. The report provides an overview of the company's progress and ongoing commitment to ESG and sustainability. Key highlights from 2021 include: Reduction in operational Greenhouse Gas emissions by 52% and water usage by 50% since our 2006 baseline year. All manufacturing facilities sourcing 100% renewable electricity. Renewable energy now accounts for 25% of Innospec's total energy mix. Achieved leadership score for CDP Climate governance and assessment categories. Over $1 million raised though our Innospec Cares global charitable giving and employee volunteering program. $660,000 total social value delivered in 2021 helping to support 150 worldwide charities and good causes local to our operations. Almost 6,000 compliance training and certification courses delivered to our employees. Introduction of a new management and governance structure to help develop and drive our ESG strategy. Continued investment in infrastructure and facilities including increased production capacity for our industry-leading mild and natural surfactants and a new global Performance Chemicals technology center in North Carolina, US. Over $37 million spent on Research and Technology in 2021 helping us to develop high-performance, sustainable solutions for our customers. Independent assurance of the report and our sustainability program to the globally recognized AA1000 Assurance standard 2008:2018 Addendum.
BCTX INCY

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09:10 EDT BriaCell adds new site to Phase 1/2 trial of advanced breast cancer candidate - BriaCell has added Mayo Clinic, Jacksonville, Florida as a clinical site in the Phase I/II study of BriaCell's lead candidate, Bria-IMT, with Incyte's (INCY) PD-1 inhibitor, retifanlimab, in advanced breast cancer.
JANX

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09:10 EDT Janux Therapeutics doses first patient in JANX007 trial - Janux Therapeutics announced the first patient has been dosed in a Phase 1 clinical trial of JANX007 in subjects with metastatic castration-resistant prostate cancer. JANX007 is a prostate-specific membrane antigen directed T cell engager, or TCE, and is the first product candidate utilizing Janux's TRACTr platform to be administered in humans.
BCTX INCY

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09:08 EDT BriaCell adds new site to Phase 1/2 trial of advanced breast cancer candidate - BriaCell has added Mayo Clinic, Jacksonville, Florida as a clinical site in the Phase I/II study of BriaCell's lead candidate, Bria-IMT, with Incyte's (INCY) PD-1 inhibitor, retifanlimab, in advanced breast cancer.
SGPYY

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09:08 EDT Sage Group acquires carbon accounting solution Spherics - Sage issued several announcements demonstrating its progress against the company's strategy of becoming the trusted network for SMBs by knocking down barriers to productivity, efficiency, sustainability, and helping businesses to flow. Key announcements today included the acquisition of carbon accounting solution Spherics, to help SMBs measure and cut their emissions; new product integration with Microsoft to continue simplifying workflows for SMBs; the expansion of Sage Intacct's capabilities and market reach; and an exciting new partnership with Major League Baseball. The announcements were all made during the opening keynote of the company's flagship Sage Transform customer event. Here is an overview of the news: Spherics, a carbon accounting solution, aims to help businesses easily understand and reduce their environmental impact. The acquisition demonstrates Sage's commitment to sustainability and supporting SMBs to estimate the carbon footprint generated by their business so they can take action to cut it. Further investments in scaling up Sage Intacct will enable customers to automate processes, boost productivity and free up time to focus on running their businesses. Among the key Sage Intacct enhancements Sage announced expanding the solution to continental Europe with the first launch in France, solutions for new verticals, and scaling existing capabilities that will empower SMBs to simplify managing the complexities of their business with greater insight and efficiencies. At the same time, new product integration with Microsoft will continue to simplify workflows for SMBs. Customers can now take friction out of day-to-day tasks by submitting and approving certain processes directly through Teams, rather than in the Sage Intacct or Sage People application, reducing the need to toggle between solutions. This means customers can simply and securely approve expenses and review leave requests via a Teams notification. Following the successful sponsorship of The Hundred cricket in the UK and the upcoming Rugby World Cup in France, Sage is now partnering with Major League Baseball. The company will be connected to pitching decisions and manager insights content across the league, starting from the 2023 regular season, including the introduction of the 'Pitcher Power Rankings presented by Sage'. Sage will also support the MLB's Diverse Business Partners Program, helping cultivate new opportunities and business growth for minority and female-owned businesses across America.
MGPI

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09:07 EDT MGP Ingredients falls 5% to $96.05 following Spruce Point short report
SPRC

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09:07 EDT SciSparc receives Nasdaq minimum bid price notification - SciSparc has received a written notice from Nasdaq indicating that the company is not in compliance with the minimum bid price requirement for continued listing which requires listed securities to maintain a minimum bid price of $1.00 per share. The Company has been granted a period of 180 calendar days to regain compliance with the minimum bid price requirement. The Notice has no immediate effect on the company's Nasdaq listing or the trading of its ordinary shares. The company has until April 10, 2023 to regain compliance with the minimum bid price requirement. In the event that the company does not regain compliance after the initial 180-day period, the company may then be eligible for an additional 180-day compliance period if it meets all other initial Nasdaq listing standards.
HIMS

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09:06 EDT Hims & Hers names Brian O'Shaughnessy Chief Communications Officer - Hims & Hers Health (HIMS), has added two high-profile executives to its leadership ranks as the company continues to deliver improving financial performance, including rapid topline growth and increasing scale. Silicon Valley communications veteran Brian O'Shaughnessy has been appointed the company's first Chief Communications Officer. Josh Krueger has been named VP of Fulfillment Operations, bringing over a decade of experience in fulfillment leadership roles at Walmart (WMT) and Amazon (AMZN).
SGPYY MSFT

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09:06 EDT Sage Group announces product integrations with Microsoft - Sage announced that it now provides customers with enhanced capabilities integrated into Microsoft Teams to help simplify and automate workflows. Customers can now take friction out of day-to-day tasks by submitting and approving accounting and people processes directly through Teams, rather than in the Sage Intacct or Sage People application - reducing the need to toggle between solutions. This means customers can simply and securely approve expenses and review leave requests via a Teams notification. In addition, making Sage Intacct and Sage Active available on Microsoft Azure will give Microsoft customers access to Sage's award-winning cloud financials solutions in an easy to use, secure environment. This gives SMBs the opportunity to benefit from the flexibility and scalability that Microsoft's cloud provides when choosing Sage products.
IBEX

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09:06 EDT Ibex to showcase CX solution for utilities at Chartwell EMACS conference - ibex announced it will be featuring its latest revenue-generating Beyond the Meter, customer service and customer experience solutions at the Chartwell EMACS Customer Experience Conference, October 17-20, 2022 at the Renaissance Orlando at SeaWorld. ibex will also launch SparkedHome.com, its new utility marketplace solution designed to offer an array of products and services proven to appeal to all utility customer segments and drive the repeat traffic required for long-term success.
EA

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09:06 EDT Electronic Arts announces FIFA 23 achieves over 10.3M players in first week - Electronic Arts celebrated a record-breaking launch of EA Sports FIFA 23 with over 10.3M players within the first week, signaling the biggest launch period in FIFA franchise history.
BRQS

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09:04 EDT Borqs Technologies demos 2-wheeler telematics control unit - Borqs Technologies announced that the Company has forayed into two/three-wheelers automotive space by developing the Telematics Control Unit and has successfully demonstrated the newly developed TCU in India Mobile Congress held in New Delhi from October 1 to 4. The newly developed TCU is installed on a two-wheeler and connected to the internet via the cellular network.
AGRI

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09:04 EDT AgriFORCE Growing Systems granted U.S. patent for automated growing facility - AgriFORCE Growing Systems will be granted a patent, titled "Automated Growing Systems," by the USPTO related to proprietary systems and technologies within the company's controlled environment agriculture facility, FORCEGH+. The patent is the first to be issued among a group of patent applications related to the company's automated grow systems, with this patent specifically covering the grow channel component, which allows a range of plants to be grown within a single channel.
LMT

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09:04 EDT Lockheed Martin, Ayar team to advance next generation microchip connectivity - Lockheed Martin and Ayar Labs, a leader in chip-to-chip optical connectivity announced a strategic collaboration to develop future sensory platforms that leverage Ayar Labs' advanced optical I/O microchips that use light to transfer data faster, at a lower latency, and at a fraction of the power of existing electrical I/O solutions. The new platforms could be used across Department of Defense applications to capture, digitize, transport, and process spectral information. "As the complexity and amount of data grows on the battlefield, faster decision-making is essential. New innovative system architectures, coupled with AI and machine learning techniques, are needed for our customers' mission success," said Steve Walker, chief technology officer and vice president, Engineering & Technology at Lockheed Martin. "Ayar Labs' optical interconnect solution provides the necessary technology to process spectral information with greater speed and lower latency for next-generation system designs."
SBGSY

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09:03 EDT Schneider Electric kicks off Innovation Summit World Tour - Schneider Electric kicked off its Innovation Summit World Tour 2022 with a passionate call to address the triple crisis - energy, economic and climate - facing governments, businesses and consumers around the globe, and setting out its approach and solutions as to how to do this. "In a time of global crisis, we must have complete clarity on our journey and destination. The current energy crisis is only the tip of the iceberg," said Jean-Pascal Tricoire, Chairman and CEO of Schneider Electric. "With energy demand globally anticipated to grow three-fold in the next 30 years, it's vital that we deploy all the technologies that are already available now to accelerate electrification, digitization, and sustainability."
DNAY

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09:02 EDT Codex DNA changing corporate name to Telesis Bio - Codex DNA plans to change its company name to Telesis Bio. There will be no change to corporate structure nor financial reporting.
SIDU

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09:02 EDT Sidus Space awarded contract to deploy edge computing for Exo-Space - Sidus Space recently signed a Satellite Deployment contract with Exo-Space for integration and launch of its artificial intelligence software technology on Earth Observation satellites. Sidus Space will integrate Exo-Space's payload into its hybrid 3D printed satellite, LizzieSat with expected deployment in 2023.
LCID

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09:00 EDT Lucid Group produced 2,272 vehicles in Q3 - Lucid Group announced preliminary production and delivery totals for the quarter ended September 30, 2022. The company produced 2,282 vehicles during Q3 at its manufacturing facility in Arizona, more than tripling the number produced in Q2, and delivered 1,398 vehicles during the same period. These figures remain in line with the company's expectations, and Lucid believes it is on track to deliver on its previously provided 6,000 to 7,000 vehicle production guidance for full year 2022.
AVTBF IMCC

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09:00 EDT Avant Brands, IM Cannabis launch BLKMKT in Israel - Avant Brands (AVBTF) and IM Cannabis Corp. (IMCC) jointly announce the signing of an international trademark licensing agreement granting IMC the exclusive right to launch the BLKMKT brand in the Israeli medical cannabis market. The Licensing Agreement constitutes a significant milestone in the maturing and mutually beneficial relationship between the two premium cannabis companies in the Canadian and Israeli medical cannabis markets. Under the terms of the License Agreement, a subsidiary of Avant will license the Company's premium-cannabis flagship BLKMKT brand to an Israeli subsidiary of IMC for use on IMC's medical cannabis product packaging. All such packaging will contain cannabis cultivated exclusively by Avant, and sold to IMC affiliates. The integration of unique and exclusive varieties of the high-quality BLKMKT brand into the current IMC premium product portfolio will serve to bolster the cooperative and synergistic partnership forged between the two companies over the past two years. It will further strengthen IMC's business model in Israel that offers medical cannabis patients quality, ultra-premium brands, such as WAGNERS, IMC, and more.
JAGX

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08:58 EDT Jaguar Health co-sponsors Closing Ceremony at VCS Annual Conference - Jaguar Health is co-sponsoring the Closing Ceremony at the Veterinary Cancer Society Annual Conference to drive awareness of Jaguar's Take C.H.A.R.G.E. initiative. The Closing Ceremony takes place from 6:30 PM - 10:00 PM Eastern Time on Saturday, October 15, 2022 at the conference, which runs October 13-15 in Norfolk, Virginia.
FRZA

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08:56 EDT Forza X1 signs lease agreement in North Carolina - Forza X1 announced that it has leased an 8,800 square foot industrial space in Old Fort, NC it will utilize until its factory in McDowell County, NC is completed. The Company plans to manufacture and test Forza's electric motors and control systems on the property.
PRRWF

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08:55 EDT Park Lawn to acquire Muehlebach Funeral Care in Missouri - Park Lawn announced that it has entered into a definitive agreement to acquire substantially all of the assets of Muehlebach Funeral Care in Kansas City, Missouri, Skradski-Pierce Funeral Home in Kansas City, Kansas and Assurance Cremation Society in Kansas City, Missouri. The Muehlebach acquisition expands Park Lawn's footprint in the Kansas City metropolitan market through the addition of three stand-alone funeral homes. The Muehlebach acquisition is anticipated to close in November 2022 following the receipt of regulatory approval. Highlights of the transactions include: The addition of three stand-alone funeral homes. The transaction represents 627 calls per year and is expected to be financed with funds from PLC's credit facility and available cash on hand. Following the closing and integration of the transaction, the Muehlebach acquisition is expected to add approximately US$616,000 in Adjusted EBITDA annually. For the 12 months ended December 31, 2021, PLC had Adjusted EBITDA of US$76,284,577 and net earnings of US$27,812,866. The agreed upon purchase price multiple for the transaction is within PLC's publicly-stated targeted Adjusted EBITDA multiple range for its historical transactions.
QRHC ACA

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08:53 EDT Quest Resource appoints Brett Johnston as CFO - Quest Resource Holding Corporation (QRHC) announced that it has appointed Brett Johnston as Senior Vice President and CFO, effective November 1, 2022. Johnston spent nearly 20 years at Arcosa (ACA), most recently serving as Senior Vice President of Arcosa's Construction Products Group and leading a 50+ member accounting, finance and IT team.
SIEN

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08:51 EDT Sientra signs senior secured loan facilities with Deerfield Management - On October 12, 2022, the Company entered into an agreement with a fund managed by Deerfield Management to refinance the Company's existing term loan and convertible note debt. As a result of the financing, the Company has reduced its total debt load by approximately $10 million, to $73 million, while extending its maturity dates to March 2026 and beyond. Proceeds from the financing are to be used to retire the Company's existing $21 million senior secured term loan facility in full, and related financing expenses. Under the terms of the financing, Sientra entered into a new senior secured convertible note of $23 million, with a conversion price of $1.00, representing a 35% premium over the Company's closing stock price on October 11, 2022. The new note will accrue interest at SOFR + 5.75% per annum and has a 5-year maturity until October 2027. The Company also amended its existing convertible note to make it senior secured debt, reduce the principal outstanding by $10 million to $50 million through a concurrent at-the-market equity exchange with Deerfield, and extend the maturity date by 12 months to March 2026. The conversion price on the existing note was also reset to $2.75, representing an 272% premium over the Company's closing stock price on October 11, 2022. Interest on the existing note remains unchanged at 4% per annum.
EEIQ

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08:48 EDT EpicQuest Education announces Davis College, EduGlobal College updates - EpicQuest Education Group International announced several updates as to its owned and operated colleges, Davis College and EduGlobal College. Davis College: Update of Memorandum of Understanding with PSB Academy of Singapore. As an update to the non-binding Memorandum of Understanding that EpicQuest Education signed with PSB Academy on July 15, 2020, PSB confirmed that it will recognize the credits earned by Davis College students from the business or economics programs of Davis College. Further, PSB will grant them entry to selected programs at PSB which can lead to PSB undergraduate business administration degrees. Davis College: Certificate Program for Venture Start-Ups: Davis College has developed a Certificate Program for Venture Start-Ups for the Fall Semester. So far, ten students have enrolled for the program. Davis College: International Recruitment: For the quarter starting in late August, Davis College has broadened its recruitment strategy as it has currently enrolled a total of 37 international students, including 24 from China, who have chosen Davis College for their study abroad programs. EduGlobal College: Education Quality Assurance Designation: EduGlobal College has been approved for Education Quality Assurance designation in British Columbia, Canada through May 31, 2023. Among other accreditations, it enables EduGlobal College to host international students on study permits and allows the college to participate in overseas recruitment and partnership events organized by the federal Department of Global Affairs Canada.
AIM

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08:48 EDT AIM ImmunoTech announces FDA clearance of IND application for Ampligen - AIM ImmunoTech announced its Investigational New Drug application filed with the U.S. Food and Drug Administration may proceed to initiate a Phase 2 study evaluating its investigational drug, Ampligen, as a therapeutic for patients with post-COVID conditions. AIM has pending patent applications for compositions and methods for treating post-COVID conditions with a composition comprising Ampligen. The planned Phase 2 study is a two-arm, randomized, double-blind, placebo-controlled, multicenter study to evaluate efficacy and safety of Ampligen in patients experiencing the post-COVID condition of fatigue. The primary outcome measure of the study is change from baseline to week 13 in PROMIS Fatigue Score. Other study outcomes include: change from baseline to week 6 in PROMIS Fatigue Score; change from baseline to week 6 and 13 in distance traveled during a 6-minute walk test; proportion of subjects with minimal clinically important difference, defined as at least 54 meters, in the Six-Minute Walk Test at the end of 12-week treatment phase; change from baseline to week 6 and 13 in PROMIS Cognitive Function Score; change from baseline to week 6 and 13 in PROMIS Sleep Disturbance Score; and change from baseline to week 6 and 13 in 36-Item Short Form Survey. Approximately 80 subjects between the ages of 18 to 60 years old are expected to be enrolled across up to 10 centers in the United States. Patients will be randomized 1:1 to receive twice weekly IV infusions of Ampligen or placebo for 12 weeks with a follow up phase of 2 weeks. The Company expects to commence patient enrollment and dosing in the AMP-518 study in Q1 2023.
CNDT

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08:47 EDT Conduent to host interactive discussion on customer experience - Conduent will host an interactive discussion on customer experience at the Customer Contact Week conference in Nashville, Tenn., on October 13. The session, "How to Enable the Human Side of Digital," will feature the provider perspective from Conduent and business point of view from Conduent client Groupon. The scenario-based, interactive session will address how to bring empathy and the human touch into the customer experience, while employing technology and processes to deliver exceptional service.
TNON

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08:45 EDT Tenon Medical to showcase Catamaran SI joint fusion system at NASS - Tenon Medical announced the Company's attendance and planned activities at the37th Annual Meeting of the North American Spine Society. As recently disclosed, Tenon has terminated its legacy distribution agreement with its former distribution partner, SpineSource, and has assumed control of all commercial distribution & sales activities of the Catamaran SI Joint Fusion System. Tenon has begun developing its own commercial infrastructure and sales management team that will partner with key independent spine distributors throughout the country who are motivated to represent the Company's Catamaran. The Company is using the NASS meeting as the national launch event for the Catamaran, which is the only single, titanium fixation device that is implanted from an inferior-posterior approach and transfixes the SI Joint along its longitudinal axis to treat conditions such as SI joint disruption and degenerative sacroiliitis. The Company will have an interactive hands-on technical exhibit where health care providers attending the meeting can learn more about the Catamaran and its novel inferior-posterior approach. Throughout the meeting the Tenon exhibit booth will also host Catamaran "Meet the Expert" sessions where Drs Mark H. Stouffer, MD and Scott C. Kutz, MD will share their Catamaran clinical experience, patient selection criteria and associated clinical outcomes with attendees visiting the exhibit.
CHRS

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08:43 EDT Coherus Biosciences, Junshi announce publication of CHOICE-01 trial results - Shanghai Junshi Biosciences and Coherus BioSciences announced the publication of toripalimab plus chemotherapy for patients with treatment-naive advanced non-small cell lung cancer: a multi-center randomized phase 3 trial in the Journal of Clinical Oncology. Toripalimab in combination with chemotherapy was associated with significant improvements in progression-free survival and overall survival compared with chemotherapy alone in patients with advanced non-small cell lung cancer without epidermal growth factor receptor/anaplastic lymphoma kinase mutations, regardless of PD-L1 expression. No new safety signals were observed with toripalimab in this study. A total of 465 patients with treatment-naive, advanced NSCLC without EGFR/ALK mutations were randomized 2:1 to receive toripalimab 240 mg or placebo in combination with chemotherapy for 4-6 cycles, followed by the maintenance of toripalimab or placebo plus standard care. PFS was the primary endpoint. Statistically significant improvements in both PFS and OS were detected in the toripalimab arm compared with the placebo arm, with similar rates of adverse events. At the final analysis, PFS was significantly longer in the toripalimab arm than in the placebo arm. At the interim OS analysis, the toripalimab arm had a significantly longer OS than the placebo arm. OS rates at 2 years were 51.2% vs 33.9%, in the two arms. The incidence of Grade greater than 3 AEs was similar between the two arms.
CWBHF

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08:42 EDT Charlotte's Web, MLB enter exclusive multi-year strategic partnership - Charlotte's Web jointly announced with Major League Baseball, MLB, a first of its kind exclusive multi-year strategic partnership that opens increased CBD visibility to their professional athletes, millions of fans and communities. Major League Baseball now becomes the first major professional sports league to form a sponsorship agreement with a CBD company. "We applaud MLB for being the first-mover in professional sports CBD and are thrilled to welcome their league as a respected strategic partner," said Jacques Tortoroli, CEO Charlotte's Web. "Bridging our industry-leading brands with science, innovation, and education, this pioneering partnership validates Charlotte's Web's core business principle and founding mission to open access to safe, quality and consistent CBD through our proprietary hemp genetics and industry-forging vision."
LDOS

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08:42 EDT Leidos secures $1.5B Department of Defense award - Leidos announces that it was "recently awarded a prime task order to support the Department of Defense. The task order holds a ceiling value of approximately $1.5 billion if all options are exercised. It includes a one-year base period of performance with four additional one-year option periods. Work will be performed worldwide. Through this contract, Leidos will utilize Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance and Reconnaissance capabilities to enhance technological innovation with a focus on rapid insertion of technologies across the mission spectrum, for multiple services, and integrating new technology with existing and legacy systems for enhanced effectiveness."
TROW

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08:40 EDT T. Rowe Price reports preliminary AUM $1.23T at September 30 - T. Rowe Price Group reported preliminary month-end assets under management of $1.23 trillion as of September 30, 2022. Preliminary net outflows for the third quarter of 2022 were $24.6 billion, bringing preliminary year-to-date net outflows to $44.6 billion. This brings total client transfers for the year-to-date period ended September 30, 2022, to $10.3 billion. These client transfers include $0.2 billion, $2.2 billion, and $7.1 billion, respectively, transferred to the target date retirement trusts during the September, third quarter, and year-to-date periods.
NVAX

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08:39 EDT Novavax presents data from Phase 3 PREVENT-19 trial, Study 307 - Novavax presented data from the Phase 3 PREVENT-19 trial and Study 307 at the World Vaccine Congress Europe 2022. PREVENT-19 data in both adults aged 18 and older and adolescents aged 12 through 17 showed the prototype Novavax COVID-19 vaccine achieved its pre-specified immunologic endpoint. In the PREVENT-19 trial, a single homologous booster dose was given to select adult participants aged 18 and older, approximately eight or 11 months after their primary series. Following a booster dose, severe acute respiratory syndrome coronavirus 2 anti-spike Immunoglobulin G levels increased significantly relative to pre-boost levels, rising above the level correlated with 95% vaccine efficacy in a recent USG study. Boosting also increased IgG and human angiotensin converting enzyme 2 receptor inhibition antibody levels against Omicron BA.1, BA.2, and BA.5 variants, with levels that are comparable to those observed in Phase 3 efficacy studies. In the pediatric expansion of PREVENT-19 which evaluated boosting in adolescents aged 12 through 17, a single homologous booster dose was evaluated for anti-S IgG, hACE2 receptor inhibition and neutralization antibody responses. Following boosting, neutralizing titers were 2.7-fold higher than those seen with primary vaccination, and a significant boost was observed for antibody against Omicron BA.1, BA.2, and BA.5. In both adults and adolescents, a third dose of the Novavax COVID-19 vaccine decreased the antigenic distance between SARS-CoV-2 variant and prototype virus strains, suggesting benefit for the prevention of COVID-19 against contemporary variants such as Omicron. Study 307 achieved its primary endpoint, showing that three lots of the Novavax COVID-19 vaccine induced consistent immune responses in adults aged 18 to 49. Further, anti-S IgG titers were within the range previously found to correlate with high efficacy in the PREVENT-19 Phase 3 trial.
ASGOF

Hot Stocks

08:38 EDT Asante Gold says Bibiani ramp up, Chirano Mine transition plan on track - BIBIANI RAMP UP ON TRACK: The first gold pour at the Bibiani Gold Mine occurred on July 7, 2022, two months ahead of schedule. All process plant and mine facilities are operating on a 24 hour per day basis, with ~220,000 tonnes of ore treated in September. Asante plans to increase throughput to 250,000 tonnes ore per month by Q1 2023. Gold production in September was just above 9,300 ounces, 17% above the Company's start up plan. Mine plan and mine to mill reconciliation for the Walsh satellite pit and Main Pit were on target. The Walsh Pit continues to outperform, relative to our initial planned gold production. The area between the Walsh and Main pits were historically used for tailings storage. This area has now been partially explored and Measured and Indicated Mineral Resources have increased from 20,000 to more than 100,000 ounces. The drilling program to explore this trend and to support the planned underground mining strategy has been initiated. The Company's plan to extend the Bibiani LOM from 8.3 years to +10 years is on track with successful development exploration at Russel South and drilling programs have commenced at the Grasshopper and Elizabeth deposits. The Company will continue its near mine development exploration program with planned drilling of approximately 30,000 metres per year for 2022, 2023 and 2024. The Company filed an updated National Instrument 43-101 - Standards of Disclosure for Mineral Projects technical report on the Bibiani Gold Mine on September 1, 2022 that incorporates exploration and mine planning results to February 28, 2022 and increased the Measured and Indicated Mineral Resources by 26.4% to 2.29M ounces and are further classified as 1.95M ounces of Proven and Probable Mineral Reserves. An updated NI 43-101 technical report to incorporate results of the 2022 exploration program is planned for Q3 2023. We anticipate this report will define additional ounces to the current resource and LOM. CHIRANO MINE TRANSITION PLAN AND BUSINESS IMPROVEMENTS ON TRACK: The Chirano Gold Mine acquisition was completed on August 10, 2022. This acquisition added Measured and Indicated Mineral Resources of 28.1Mt at 1.26 g/t Au and Inferred Mineral Resources of 6.05Mt at 1.91 g/t to Asante's gold resource. An updated NI 43-101 technical report for Chirano was filed by the Company on October 11, 2022. The technical report is based upon information and planning developed by Kinross Gold Corporation, the former owner of Chirano. Asante continues to identify and develop opportunities to add value to this asset. An update to this technical report is planned for Q3 2023 and will incorporate results of the 2022 exploration program and Business Improvement Plan. The Company has initiated a Chirano Transition and Business Improvement Plan to increase Chirano current gold production by 30% and to reduce AISC by 10% by 2024 through the following initiatives: Gravity plant design and procurement are well advanced with installation planned for completion at Q2 2023; Oxygen addition to the CIL process is proceeding and an oxygen plant is planned for installation in Q2 2023; to date, we have increased gold recovery by +3% to 89%. A pebble crusher has been ordered and primary grinding upgrades are planned to be installed in Q2 2023 to increase process plant throughput from 3.2 to 4.0M t/y; Relocation of minor infrastructure and facilities is underway, to provide access to expansion of the Akoti South open pit and to start the second cut at the Sariehu open pit. These initiatives will access lower cost resources; Studies and associated initiatives are underway to improve the material handling systems to deliver ore to the Process Plant at lower cost; Initiatives to capture synergies between the Bibiani and Chirano mines have started to yield benefits related to supply of principle consumable materials; Development of the wide Obra orebody, the lower Tano underground mines and the Mamnao open pit mine have been accelerated, to provide lower cost resources for treatment; and Asante plans to invest minimum of $5M/y in near mine and regional exploration over the next three years with the target to increase Chirano LOM from current 5 to +10 years; exploration of the Aboduabo and Chine targets has been initiated.OPERATING SYNERGY INITIATIVES UNDERWAY: The Company has commenced initiatives to capture synergies between its' Bibiani and Chirano mines, that are situated with their process plants approximately 15 km apart. These initiatives include development of an access road to directly link the process plants and provide access for exploration along the highly mineralized Bibiani-Chirano shear zone. This road will be upgraded to become a mine haul road, so that ore can be treated where most appropriate, based upon availability and mineralogy. Asante continues to develop opportunities to share infrastructure and to realize operational cost reductions
POWW

Hot Stocks

08:38 EDT AMMO begins manufacturing and distribution of .50 BMG ammunition - AMMO has begun both manufacturing and domestic distribution of its .50 BMG - M33 - High Accuracy ammunition out of its newly opened Wisconsin plant. Product has successfully run off the line, passed testing and shipped domestically. Following AMMO's Spring 2022 donation of 1 million rounds of ammunition to support the Ukrainian MOD's opposition to Russia's invasion, AMMO has continued to receive inquiries for ammunition from European - principally Eastern European - customers for small arms ammunition. Even when fully operational, AMMO anticipates demand will quickly outstrip the company's .50 BMG capacity of 2 million rounds/month or 24 million rounds/year. At current capacity and subject to product mix, AMMO's .50 BMG line is capable of generating an additional $80M in annual revenue to the top line.
AVTBF IMCC

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08:36 EDT Avant Brands, IM Cannabis announce the launch of BLK MKT in Israel - Avant Brands (AVTBF) and IM Cannabis (IMCC) jointly announce the signing of an international trademark licensing agreement granting IMC the exclusive right to launch the BLKMKT brand in the Israeli medical cannabis market. The Licensing Agreement constitutes a significant milestone in the maturing and mutually beneficial relationship between the two premium cannabis companies in the Canadian and Israeli medical cannabis markets. Under the terms of the License Agreement, a subsidiary of Avant will license the Company's premium- cannabis flagship BLKMKT brand to an Israeli subsidiary of IMC for use on IMC's medical cannabis product packaging. All such packaging will contain cannabis cultivated exclusively by Avant, and sold to IMC affiliates. The integration of unique and exclusive varieties of the high-quality BLKMKT brand into the current IMC premium product portfolio will serve to bolster the cooperative and synergistic partnership forged between the two companies over the past two years. It will further strengthen IMC's business model in Israel that offers medical cannabis patients quality, ultra-premium brands, such as WAGNERS, IMC, and more.
TTOO

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08:35 EDT T2 Biosystems announces 50-for-1 reverse stock split - T2 Biosystems has approved a reverse stock split of its common stock at a ratio of 1 post-split share for every 50 pre-split shares. The reverse stock split will become effective October 12. The company's common stock is expected to begin trading on a split-adjusted basis when the market opens on October 13 under the existing trading symbol, "TTOO." As a result of the reverse stock split, each 50 shares of the company's common stock outstanding and held of record by each stockholder of the company will be automatically reclassified and combined into one validly issued, fully paid and non-assessable share of common stock, subject to the treatment of fractional shares as described below. The reverse stock split will not affect the number of authorized shares of the company's common stock or the par value of the common stock. The reverse stock split is primarily intended to bring the company into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq Capital Market.
NTWK

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08:34 EDT NetSol Technologies launches Flex calculation engine - NETSOL Technologies has launched its latest product offering - Flex, which is an API-based, ready-to-use calculation engine that guarantees precise calculations at all stages of the contract lifecycle through various calculation types. Flex provides versatility by covering all the calculation aspects ranging from the pricing for the end customer at inception, in-life financial modifications, the re-creation of the repayment plan, termination, amortizations/re-amortizations, among other calculation types.
MYSZ

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08:34 EDT My Size announces acquisition of Spain's Naiz Fit - MySize announced it has acquired Spain-based Naiz Fit, a provider of SaaS technology solutions that solve size and fit issues for fashion ecommerce companies. Naiz Fit's revenues and financial results will be fully integrated into MySize's consolidated results for the fourth quarter of 2022. As a result of the acquisition, Naiz Fit's customers will reap the benefits of a broader portfolio of products and solutions delivered by an unparalleled combined team of industry leaders with a deep understanding of the fashion ecommerce retail landscape. MySize is acquiring Naiz Fit for $500,000 in cash and 6M shares of MySize common stock, and up to an additional $1,550,000 in future cash based on the achievement of performance-based milestones plus a shortfall payment of approximately $450,000 payable in 2026. Naiz Fit is expecting an estimated $400,000 in 2022 revenues with substantial increases anticipated for 2023. MySize expects its combined Naiz Fit and MySizeID sizing solution revenues to contribute an additional $1 million revenues in 2023. Additional benefits including economies of scale through combined SG&A expenses are expected. With over 40 clients in Spain, Italy, Germany, and France, Naiz Fit brings to MySize a substantial customer base including Desigual, Moschino, El Ganso, Philosophy, Alberta Ferretti, Silbon, and Boglioli Milano, among others. "Combining the MySizeID and Naiz Fit sizing solutions, we expect to gain significant economies in sales and marketing and to deliver unparalleled sizing technology to fashion retailers," stated Ronen Luzon, CEO, and Founder of MySize. "We believe the acquisition will be highly accretive in the near and long-term as well as being a strategic play. By leading the consolidation of sizing solutions, MySize is positioning to build greater and broader offerings and become the leading technology provider in the industry."
CGRN

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08:34 EDT Capstone Green Energy secures order for two 65 kW systems in Malaysia - Capstone Green Energy announced that Sekito, Capstone's exclusive distributor in Malaysia and Brunei, has secured an order for two 65 kW systems from an independent upstream oil and gas company. The microturbines will be deployed at an unmanned offshore platform on the northwest coast of Malaysia. The microturbines systems are expected to be commissioned in Fall 2023.
TBLT

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08:33 EDT ToughBuilt launches 500 ft. Rotary Laser Level Kit - ToughBuilt Industries announced the launch of the Company's all-new 500 ft. Rotary Laser Level Kit. The level comes with a 3-piece stacking guide rod that allows for a rolling laser receiver to provide bracket-free attachment and a one-handed interface for fast operation. It emits a laser that displays a consistent, accurate signature that is detectable up to 500-feet of distance from its projection point. The kit also includes an innovative tripod with a rapid-use bullseye level and telescoping legs to promote accurate placement on uneven terrain.
CTSO

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08:33 EDT CytoSorbents hosted symposium on CytoSorb, announces presentation data - CytoSorbents also hosted a lunch symposium entitled, "Hemoadsorption with CytoSorb in high-risk cardiac surgery indications - new data" that drew approximately 150 attendees. Key presentations included: "Clinical benefits in patients undergoing heart transplantation - results of a single center RCT." Dr. Endre Nemeth presented the results of the first ever randomized, controlled trial using CytoSorb intraoperatively during cardiac transplantation. Study population: 55 patients were randomized 1:1 to either standard of care or SOC plus CytoSorb. Primary outcome: Need for vasopressors to support blood pressure as measured by the Vasoactive Inotropic Score was significantly reduced by CytoSorb, driven by reductions in both noradrenaline and vasopressin requirements. Importantly, this resulted in significantly lower rates of vasoplegia or vasodilatory shock and shorter overall duration of vasopressor support. Secondary outcomes: All clinical secondary endpoints evaluated in the trial were either similar between the two groups or statistically superior with SOC + CytoSorb including less time on mechanical ventilation, lower rates of postoperative acute kidney injury and fewer days in the ICU. "Removal of antithrombotic drugs to reduce bleeding complications and costs in high urgency operations." Professor Michael Schmoeckel" presented previously published data demonstrating significant bleeding reductions with the intraoperative use of CytoSorb for antithrombotic drug removal in 55 patients undergoing urgent coronary artery bypass grafting and 21 patients undergoing urgent type A aortic dissection repair who were either on ticagrelor or rivaroxaban. Key Outcomes: Among CABG patients, the use of CytoSorb was associated with significant reductions in 24-hour chest tube drainage, platelet and red blood cell transfusions and need for re-operation. Total operative time was also significantly reduced and patients who underwent antithrombotic removal with CytoSorb spent 2 fewer days in the ICU and 5 fewer days overall in the hospital. Similar types and magnitude of benefits were also observed in patients undergoing antithrombotic removal during aortic dissection surgery, but due to the smaller sample size, statistical significance was only achieved for reduction in 24-hour chest tube drainage and platelet transfusions. Publication on "Intraoperative hemoadsorption in patients with native mitral valve infective endocarditis" in 58 consecutive patients showed that CytoSorb led to a significant reduction in the need for vasopressors, a reduced incidence of postoperative sepsis and a significant reduction in sepsis-related mortality in this well-defined population. Publication on "Extracorporeal cytokine adsorption: Significant reduction of catecholamine requirement in patients with AKI and septic shock after cardiac surgery" detailed a case series of 98 high-risk cardiac surgery patients who developed postoperative acute kidney injury and sepsis, and were treated by postoperative continuous renal replacement therapy plus 15 hours of adjunctive hemoadsorption with CytoSorb. Publication on "Intraoperative hemoadsorption in high-risk patients with infective endocarditis" evaluated a series of 70 high-risk patients undergoing cardiac surgery for infective endocarditis. In a propensity-score matched comparison, the SOFA-score normalized significantly faster over a 7-day period in the CytoSorb treated group, among other benefits.
STON

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08:33 EDT StoneMor Partners' transaction with Axar Affiliate recommended by ISS - StoneMor announced that independent proxy advisory firm Institutional Shareholder Services, or ISS, has recommended that stockholders vote for the pending transaction with a subsidiary of Axar Capital at the company's upcoming Special Meeting of Stockholders scheduled for November 1. In its report, ISS noted: "The merger consideration is above the estimated values of the fairness opinion....The merger consideration represents a 67.5% premium over the price on the unaffected date and a 54.2% premium over the price on the day prior to the announcement...Shareholders are receiving a premium, there is a downside risk of non-approval, and the cash consideration provides liquidity and certainty of value. In light of these factors, support for the proposed transaction is warranted." Subject to satisfaction of the conditions to closing, the transaction is currently expected to close in the fall of 2022.
TRSSF

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08:28 EDT Pelorus closes $45.5M debt financing with TerrAscend - Pelorus Equity Group announced the closing of its $45.5M debt financing agreement with TerrAscend Corp., and its subsidiaries, TerrAscend NJ, LLC and HMS Hagerstown.. Proceeds from the Loan, which closed Oct. 11, 2022, will support TerrAscend's ongoing growth initiatives.
AVLR

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08:26 EDT Altair reminds Avalara shareholders to vote against proposed sale - Altair, a pre-IPO angel investor in Avalar and one of the Company's largest shareholders, reiterated that it intends to vote AGAINST the Company's proposed sale to Vista Equity Partners. Altair believes other shareholders should do the same. Altair issued the following statement: "As one of Avalara's largest and longest-tenures shareholders, we are confident in the Company's capacity to create significantly more value for shareholders than Vista's opportunistic proposal. We continue to believe that the proposed sale to Vista is ill-timed, the result of an inadequate process rife with conflicts of interest and significantly undervalues Avalara. That is why we intend to vote against this flawed transaction. Others agree, including leading independent proxy advisory firm Glass, Lewis & Co., which noted last week: 'We share Altair's view that the purchase price and implied valuation metrics of the transaction are uncompelling and, ultimately, inadequate when compared to the Company's historical valuation and the prices paid for other software companies in precedent transactions, including those selected by Goldman Sachs for its fairness opinion. We also take a dim view of the timing and other aspects of the process resulting in the transaction, including apparent conflicts of interest stemming from Goldman Sachs' longstanding relationship with Vista and certain Avalara directors' ties to Vista, for which the Avalara board took no action to attempt to mitigate. These concerns raise doubt, in our view, as to whether the transaction is the result of a truly robust and independent process and whether the interests of Avalara's shareholders and the primary objective of maximizing long-term shareholder value were the drivers of the process. All factors considered, we believe these concerns justify voting against the proposed transaction.' Avalara remains in the early stages of market penetration and has a track record of compounding growth, and the Company is well-positioned to continue growing in both good and challenging times. The Company should not transact - and certainly not at this price - while the capital markets remain depressed and volatile, which we believe substantially impaired the Board's ability to negotiate full and fair value. In our view, there was no imperative for the Board to undertake a sale process, and it is unfathomable that the Board chose to do so in this strained economic environment."
ASGOF

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08:24 EDT Asante Gold files technical report for Chirano Gold Mine - Asante Gold Corporation announced the filing of a technical report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects in connection with the Company's recently acquired Chirano Gold Mine, located immediately south of the Company's Bibiani Gold Mine. The technical report entitled "NI 43-101 Technical Report, Chirano Gold Mine, Ghana, West Africa" dated September 30, 2022 has been prepared for Asante by dMb Management Services, BARA Consulting Pty Ltd, Snowden Optiro and GB Independent Consulting. The Technical Report includes an updated Mineral Resource Estimate and a Mineral Reserve Estimate along with a detailed mining schedule and economic analysis relevant for continued open pit mining and underground operations. The Technical Report presents a plan which supports the current mining practices and equipment to deliver a robust economic outcome while minimizing execution risk. Asante plans to continue open pit and underground operations at the Mine. Key highlights of the Technical Report include: Measured and Indicated Mineral Resources of 28.1Mt at 1.26 g/t Au and Inferred Mineral Resources of 6.05Mt at 1.91 g/t; Proven and Probable Mineral Reserves of 15.76Mt at 1.95 g/t Au; Life of Mine of five years;Post-Tax NPV of US$258 million at US$1,712/oz Au; AISC of US$1,122/oz Au; Gold recovery of 88.5% yielding 873Koz Au from run of mine grade of 1.9 g/t; Main driver of increase in Indicated Resources is a result of exploration drilling; Significant exploration upside along the developed 11 km of the Chirano Shear Zone and extensive growth potential; Strong community and traditional authority support. The current operating 3.4Mtpa process plant is forecast to treat approximately 16.1Mt of total mineralized material from 2022 to 2026, comprised of both fresh and oxide mineralized material from both open pit and underground sources.
PANW

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08:23 EDT Palo Alto Networks announces general availability of Cortex XSIAM - Palo Alto Networks announced the general availability of Cortex XSIAM, a breakthrough autonomous security operations platform powering today's modern secure operations center and fundamentally changing the way data, analytics and automation are used across enterprise and cloud security operations. Earlier this year, Cortex XSIAM was made available to a number of top organizations through the XSIAM Design Partner Program. The common challenges these organizations face include overwhelming alert volumes accompanied by a high number of false positives, lack of visibility across all parts of the organization, including cloud environments, and excessive manual overhead associated with managing numerous siloed tools. "The SOC is where some of the best cybersecurity professionals work, and it is time that they have the right platform to get their jobs done effectively. We want to give our customers a new approach to SOC operations with a focus on results, efficiency and productivity," said Lee Klarich, chief product officer, Palo Alto Networks. "Cortex XSIAM establishes an autonomous SOC where organizations can respond to threats in a fraction of the time it takes today, and analysts can focus on the highest priority incidents. The SOC of the future will be built on AI and automation - any other approach is destined for failure." Palo Alto Networks operates its own SOC on Cortex XSIAM and has seen the benefits of intelligent data integration, machine learning-based threat models, extensive automation and proactive analysis of the IT environment to reduce the attack surface. The Palo Alto Networks SOC processes over one trillion events per month, with Cortex XSIAM automatically handling the vast majority of those events.
RYTM

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08:20 EDT Rhythm Pharmaceuticals convenes inaugural IMPROVE 2022 - Rhythm Pharmaceuticals announced the inaugural International Meeting on Pathway-Related Obesity: Vision of Excellence 2022 in Berlin, Germany from October 12-14. IMPROVE 2022 is a scientific meeting sponsored by Rhythm for health care professionals based in Europe. Attendees are invited to discuss and share the latest scientific developments and patient care practices related to rare pathway-related obesities, including those driven by impairments in the MC4R pathway, in which genetic deficiencies can result in hyperphagia and early onset severe obesity. At IMPROVE 2022, Rhythm is presenting a poster titled, "Setmelanotide in Patients with Obesity Due to Certain MC4R Variants Stratified as Rescuable or Nonrescuable Based on an In Vitro Functional Assay," which details data from Rhythm's exploratory Phase 2 Basket Study. In this study, Rhythm used an in vitro assay to classify MC4R variants and stratified patients into two cohorts, one of which enrolled patients with predicted setmelanotide rescuable MC4R pathway deficiency and one of which enrolled patients with predicted nonrescuable MC4R deficiency. Twenty-three patients with predicted rescuable MC4R deficiency and 24 patients with predicted nonrescuable MC4R deficiency were enrolled in two cohorts within Rhythm's exploratory Basket Study and all reached three months of treatment with setmelanotide.The in vitro assay demonstrated limited predictive value for setmelanotide response, which was defined as greater than or equal to5% body mass index reduction after three months treatment. Data highlights include: 7 of 23 patients with MC4R variants predicted to be rescuable achieved a greater than or equal to5% BMI reduction at Month 3; Most responders were carriers of the p.S127L heterozygous variant in the rescuable group; 3 of 24 patients with MC4R variants predicted to be nonrescuable achieved greater than or equal to5% BMI reduction at Month 3; Weight loss, as determined by percent change in BMI, tended to increase over time in patients achieving greater than or equal to5% BMI reduction at Month 3, with continued weight loss in responders in both predicted rescuable and nonrescuable groups at Month 6 and Month 9 of treatment with setmelanotide; and The safety profile observed in this study was consistent with that observed with setmelanotide in previous clinical trials in patients with other rare MC4R pathway diseases. No new safety findings were identified.
GPK

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08:19 EDT Graphic Packaging publishes 2021 ESG report - Graphic Packaging announced that it has published its 2021 Environmental, Social and Governance, ESG, Report. With the release of the 2021 report, Graphic Packaging shares milestones achieved in advancing its Vision 2025 ESG goals. Commenting on the 2021 report, Michael Doss, President and CEO of Graphic Packaging said, "I am proud to share our annual sustainability report that highlights the progress we made last year, and I invite you to read it. At Graphic Packaging, progress in the business-critical areas of ESG means delivering positive outcomes for our people, our planet, our partners, and ultimately the growth and sustainability of our Company." The report details how the company reaffirmed its focus on continuous improvement by joining two global sustainability initiatives. The Company submitted a formal letter of intent to the Science Based Targets Initiative, signaling its commitment to set carbon emission reduction goals in line with accepted climate science. Graphic Packaging also became a participant to the United Nations Global Compact and committed to incorporating the ten principles of the compact - which cover human rights, labor, the environment, and anti-corruption - into its business practices.
ERAS

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08:18 EDT Erasca announces four poster presentations at EORTC-NCI-AACR Symposium - Erasca announced four poster presentations at the 34th EORTC-NCI-AACR Symposium on molecular targets and cancer therapeutics October 26-28 in Barcelona. Preliminary HERKULES-1 Phase 1b data evaluating ERAS-007, an oral ERK1/2 inhibitor, demonstrated encouraging single agent activity and favorable safety and tolerability in patients with metastatic solid tumors refractory to standard therapies. Initial Phase 1b combination data from HERKULES-2 in non-small cell lung cancer are expected in 2023 and from HERKULES-3 in gastrointestinal malignances are expected in the first half of 2023. Preliminary Phase 1 data from the ongoing FLAGSHP-1 trial in advanced solid tumors demonstrated promising single agent safety and tolerability and supported the potential of ERAS-601, a selective SHP2 inhibitor, to enhance efficacy in combination with other targeted therapies. Maximum tolerated doses for BID and QD dosing identified. Treatment-related AEs were reversible, manageable, and consistent with the known mechanism of action for the SHP2 inhibitor class. Initial Phase 1b data from FLAGSHP-1 in combination with cetuximab in patients with triple wildtype CRC are expected in the first half of 2023. ERAS-801 is highly CNS penetrant and has in vitro activity against EGFR alterations observed in NSCLC. Preclinical data support superior anti-tumor activity in these lesions with ERAS-801 relative to osimertinib, the current standard of care treatment for patients with EGFR mutant NSCLC.
BWAY

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08:18 EDT Brainsway launches social media sweepstakes for Depression Awareness Month - BrainsWay announced the launch of its nationwide Sweepstakes - Don't Miss Another Moment - in conjunction with Depression Awareness Month. Participants on social media can enter starting Friday, Oct. 14 and continue throughout the month of October for a chance to win a $2,000 Airbnb gift card.
MRTX AADI

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08:18 EDT Mirati, Aadi partner to evaluate combination of adagrasib with nab-sirolimus - Mirati Therapeutics (MRTX) and Aadi Bioscience (AADI) announced a clinical collaboration to evaluate the combination of adagrasib, a KRASG12C selective inhibitor, and nab-sirolimus, a small molecule mTOR inhibitor complexed with human albumin in KRAS G12C mutant non-small cell lung cancer, NSCLC, and other solid tumors. The primary objective of this multi-center, single-arm, open-label Phase 1/2 trial is to determine the optimal dose and recommended Phase 2 dose for the combination of adagrasib and nab-sirolimus in patients with KRASG12C - mutant solid tumors. In addition, the study will investigate the safety, tolerability and efficacy of adagrasib and nab-sirolimus in combination in patients both with and without prior exposure to a KRASG12C inhibitor. "We are pleased to collaborate with Aadi on this clinical study of adagrasib and nab-sirolimus. Our collaborative preclinical work has demonstrated that combinatorial mTOR and KRAS inhibition addresses key bypass and feedback pathways associated with either drug target and also results in enhanced efficacy in tumor models harboring KRASG12C mutations. We believe the data from this trial may improve patient outcomes," said Charles Baum, M.D., Ph.D., president, founder and head of research and development, Mirati Therapeutics, Inc. "This clinical collaboration is an example of how Mirati is aggressively advancing the study of adagrasib both as a monotherapy and in rational combinations as part of our expanding development portfolio to benefit people living with difficult-to-treat cancers." Under the terms of the collaboration agreement, Mirati will be responsible for sponsoring and operating the Phase 1/2 study, and jointly with Aadi, will oversee and share the cost of the study.
BJ COF

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08:16 EDT BJ's Wholesale introduces new partnership with Capital One - BJ's Wholesale Club (BJ) and Capital One Financial (COF) announced that they have entered into a strategic program agreement for Capital One to become the exclusive issuing partner for BJ's co-brand Mastercard program. The new program is expected to launch in early 2023. With the new BJ's Mastercard program, Capital One has also entered into an agreement to acquire the existing portfolio of BJ's credit card accounts. "When we can deliver incredible value with a partner who is the absolute best at what they do, our members win," said Bill Werner, Executive Vice President of Strategy and Development at BJ's Wholesale Club. "Capital One's customer service and digital experience are unmatched in the card space, and we are so excited to pair this first-class offering with the power of Mastercard's network and an upgraded value proposition as we continue to deliver to our members what we believe is the best program in retail."
TMC

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08:15 EDT Metals Company collects initial batch of seafloor polymetallic nodules - The Metals Company announced that it has successfully collected an initial batch of seafloor polymetallic nodules, and transported them up a 4km-long riser system to the surface, in what represents the first integrated system test conducted in the Clarion Clipperton Zone of the Pacific Ocean since the 1970s. Having successfully completed at-sea construction of the riser system and its integration with the flexible jumper hose and pilot nodule collector vehicle, the dedicated team of 130 crew and engineers aboard the Hidden Gem commenced initial nodule collection runs, driving the pilot collector 147 meters in one hour on a pre-determined path and collecting 14 tonnes of nodules. From inside the collector nodules were channeled to the jumper hose and into the riser where they were lifted on compressed air in a 12-minute-trip from seafloor to the Hidden Gem, where the return water was discharged to the midwater column at depth. To date on the current campaign the collector vehicle has successfully been test-driven approximately 18.1km within NORI-D. Meanwhile, aboard a dedicated 103-meter-long monitoring vessel, expert industry contractors and independent scientists from leading research institutions from around the world are conducting a complex monitoring program to assess the environmental impacts of the collector system trials using an array of over 50 subsea sensors and monitoring stations. The assets are designed to record any changes in the marine environment that may occur during testing of the collector system. The state-of the-art technology that TMC subsidiary NORI has applied to this monitoring effort includes over 20 strategically positioned sediment collection stations; acoustic moorings and landers to measure sound propagation; two Autonomous Underwater Vehicles conducting underwater mapping; two Remotely Operated Vehicles collecting water samples in the plume; optical backscatter and laser diffraction sensors to measure sediment particle settling velocity; trace metal samplers; seven fixed landers equipped with Acoustic Doppler Current Profilers and conductivity, temperature, and depth sensors. NORI expects the findings from the data being collected will be published in scientific literature next year.
STGW MAURY

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08:15 EDT Stagwell announces acquisition of Marui Group - Stagwell (STGW) has acquired Maru Group (MAURY). Maru will join the Stagwell Marketing Cloud, SMC, a suite of proprietary software-as-a-service, SaaS, and data-as-a-service, DaaS, tools for in-house marketing teams. Maru is research built for enterprise scale but in simple, convenient and affordable ways. Maru brings new, global capabilities to SMC. Maru's SaaS solution, HUB, is a fully scalable survey platform that allows in-house marketers to analyze behavioral, transactional and attitudinal data. "Stagwell is pleased to add this sophisticated 'research as a service' partner," said Mark Penn, chairman and CEO, Stagwell. "Maru will be a great addition to our Stagwell Marketing Cloud and round out our research offering from full-service analytical to do it yourself. Maru is research built for enterprise scale but in simple, convenient and affordable ways." SMC's leadership team is growing with the recent appointment of former Accenture Applied Intelligence Practice lead Mansoor Basha as chief technology officer. Mansoor joins Matthew Lochner, managing director; Abe Geiger, chief product officer; and Elspeth Rollert, chief marketing officer.
CGTX

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08:14 EDT Cognition Therapeutics begins recruitment in Phase 2 trial of Lewy Body Dementia - Cognition Therapeutics is actively recruiting Lewy Body Dementia - or LBD - patients for the SHIMMER Phase 2 trial of their CT1812 oral drug therapy at 17 study sites across the country with more expected to open. Over 1.4 million people in the U.S. are suffering from the neurodegenerative disease, making it the second most common form of dementia. SHIMMER is supported by $30M in grants by the National Institutes of Health's National Institute on Aging. The study is a double-blind Phase 2 clinical trial designed to enroll 120 adults between 50 and 80 years of age with a LBD diagnosis. In addition to safety, this study will compare changes in cognitive performance, physical activity, and pharmacokinetic and pharmacodynamic biomarkers to baseline measurements.
SVRE

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08:13 EDT SaverOne 2014 announces generation-2 of its core technology - SaverOne 2014 announced the release of its second generation technological platform which is the basis for the Global SaverOne System for solving the problem of driver cellular distraction. The new and advanced second generation product, is built on top-tier elements, including an Analog Devices RF front-end and Xilinx dual core processor and FPGA. The product will operate globally with improved accuracy and response time, enhancing the user experience. The new second generation product has passed laboratory tests for certification by the main international regulatory bodies, the FCC and CE. Ori Gilboa, CEO of SaverOne, commented, "The release of our second generation global product is a very significant milestone for us. In particular, it launches the next phase of our growth and expansion efforts, and enables us to expand sales into global markets, given its ability to operate within all frequencies and protocols. We already have international fleets that are waiting for SaverOne system that is built on our generation-2 technology. Furthermore, our second generation technology significantly broadens the opportunities for new applications and verticals where our technological solution can provide significant value. We have never been more optimistic about our prospects for SaverOne," concluded Gilboa.
VEON

Hot Stocks

08:12 EDT VEON announces initiatives to bridge IT talent gap in Uzbekistan - VEON announces new initiatives aimed at bridging the IT talent gap in Uzbekistan and supporting the country's plan to become a major IT hub in Central Asia. Working through its Beeline Uzbekistan operating company, VEON will be bringing in leading digital advertising expertise through the opening of a regional hub for AdTech services, and expanding its big data analytics and cybersecurity labs in the country. To accelerate the digital ecosystem of Uzbekistan and Central Asia, VEON will be opening a regional hub of its OTM Global digital advertising organization. The new OTM operation will be hiring up to 70 digital advertising technology professionals over the next year, who will be located on Uzbekistan's new IT Park in Tashkent. The company will initially focus on digital advertising services for the Central Asia markets, with the aim of expanding and becoming a global provider in coming years. VEON will also expand its BeeLab facility in Uzbekistan, creating an advanced expertise in big data analytics and cyber security. By the end of 2023, VEON expects to grow the current BeeLab employee base of 130 to over 250, to establish a core resource of IT professionals in Uzbekistan across the disciplines of data science, software development, Scrum Masters and solution architects. These professionals will expand BeeLab's work on data analytics and cybersecurity for its new and existing financial and fintech clients across Uzbekistan and the Central Asia region.
CDAK

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08:11 EDT Codiak presents preclinical data on coronavirus vaccine - Codiak announced additional preclinical data from its pan beta-coronavirus vaccine program, which aims to protect against all SARS-CoV-2 variants of concern and potential future strains belonging to the beta-coronavirus family. The data, being presented today in a presentation and poster at the Vaccines Summit 2022 in Washington, DC, demonstrate the potential of Codiak's exoVACC vaccine candidate, exoRBD, to protect against multiple known Variants of Concern of SARS-CoV-2 and seven coronaviruses from the Sarbecovirus family that are currently in bats and may have a high potential to jump into humans. The bivalent version of Codiak's pan beta-coronavirus vaccine with RBDs from SARS-CoV-2 and SARS-CoV-1 generated protective immunity in vivo against multiple SARS-CoV-2 variants and seven circulating bat coronaviruses, including the closely related Pangolin virus. Multivalent display of SARS-CoV-2 RBD on exosomes induced greater titers of anti-RBD antibodies and superior neutralization potency than soluble forms of rRBD, highlighting the importance of exosome surface display. The addition of T cell antigens to the exosome-based vaccine elicited CD8+ T-cell response against conserved T-cell epitopes that provided mucosal immunity resulting in maximal protection with minimal lung inflammation following a lethal SARS-CoV-2 challenge.
ENV

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08:11 EDT Envestnet data, analytics business announce partnership with TCS - Envestnet announced a strategic partnership between Tata Consultancy Services, TCS, and Envestnet Data and Analytics to increase operational scale and business agility. Through this agreement, TCS will help globally scale Envestnet's Data and Analytics business located in Bangalore, India with technologies that anticipate client needs. "We are pleased to partner with TCS to accelerate our response to the growth opportunities in the marketplace, allowing us to gain additional scale and be more dynamic in meeting clients' expectations," said Farouk Ferchichi, Group President, Envestnet Data and Analytics. "TCS will provide our employees with opportunities to grow and expand their careers within an environment that will continue to recognize and value their contributions. As we benefit from the increased scale and agility, we look forward to accelerating our go to market strategy and deepening our customer relationships."
WETG TCEHY

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08:10 EDT WeTrade appoints Li as Vice President, President of WTPay business segment - WeTrade Group (WETG) announced that the board of directors has appointed Hanfeng Li as Vice President of WeTrade Group and the President of WTPay Business Segment to develop the Company's global financial technology segment. The appointment of Hanfeng Li aims to optimize the Company's international development strategy and business alignment. Served as key positions in Tencent fintech (TCHEY) and Alipay, Li has many years of extensive working experience in global payment and fintech industry.
SPIR VORB

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08:10 EDT Spire Global enters launch service agreement with Virgin Orbit - Spire Global (SPIR) has entered a binding launch service agreement with launch provider, Virgin Orbit (VORB) to purchase multiple launches over several years. The first launch is expected to take place in 2023.
FEMY

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08:09 EDT Femasys appoints Christine Thomas as SVP, regulatory, clinical affairs - Femasys announced the appointment of Christine Thomas, RAC, as senior vice president of regulatory and clinical affairs, effective October 10, 2022. Thomas will be leading all regulatory and clinical efforts for the FemBloc and FemaSeed clinical programs at Femasys.Thomas most recently served as head of regulatory solutions providing FDA focused consultant expertise at IQVIA MedTech.
VOR

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08:09 EDT Vor Bio appoints Eyal Attar as Chief Medical Officer - Vor has appointed Bio Eyal Attar as Chief Medical Officer. Attar most recently served as senior vice president and CMO for Aprea Therapeutics. Before Aprea, he held multiple positions in clinical development at Agios Pharmaceuticals, including Senior Medical Director and IDH Hematology Medical Lead.
KNBE

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08:08 EDT KnowBe4 to be acquired by Vista Equity Partners for $24.90 per share - KnowBe4 announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners in an all-cash transaction valued at approximately $4.6B on an equity value basis. Under the terms of the merger agreement, KnowBe4 stockholders will receive $24.90 per share in cash upon completion of the proposed transaction. The per share purchase price represents a 44% premium to the company's unaffected closing price on September 16, the last full trading day before Vista publicly disclosed its initial non-binding acquisition proposal on its Schedule 13-D. As disclosed by KnowBe4 in a press release dated September 19, an independent Special Committee of KnowBe4's board was formed to review this proposal and other potential value creation opportunities. Under the terms of the agreement, which was unanimously approved and recommended to the board by the Special Committee and then unanimously approved and recommended for approval by the stockholders by KnowBe4's board, KnowBe4 stockholders will receive $24.90 in cash for each share of common stock that they own. In connection with Vista's initial acquisition proposal, KnowBe4, under the supervision of the Special Committee and its legal and financial advisors, engaged in a process, including evaluating transaction alternatives against KnowBe4's standalone plan and other strategic alternatives. Following this process, the Special Committee and KnowBe4's board each unanimously determined that the transaction with Vista is in the best interests of KnowBe4 and its stockholders. In connection with the transaction, Vista has entered into support agreements with Sjouwerman and investment funds affiliated with KKR and Elephant Partners. Under these agreements, which collectively account for approximately 83% of KnowBe4's outstanding voting power, the applicable stockholders have agreed to vote all of their shares of KnowBe4 common stock in favor of the transaction, subject to certain terms and conditions contained therein, and to roll some of their existing equity into the acquiring company or purchase equity in the acquiring company. Vista intends to finance the transaction through a combination of debt and equity financing, including the rollover and investment contemplated by the support agreements. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including receipt of regulatory approvals and approval by KnowBe4 stockholders. The transaction is subject to approval by the holders of (i) a majority of the voting power of KnowBe4's outstanding common stock, (ii) a majority of the voting power of KnowBe4's outstanding common stock not owned by Vista, certain members of KnowBe4's management and stockholders rolling some or all of their existing equity in KnowBe4, and certain of their respective affiliates, including, but not limited to, Sjouwerman and investment funds affiliated with KKR and Elephant Partners, and (iii) a majority of the outstanding shares of each of KnowBe4's Class A common stock and Class B common stock, voting as separate classes. Upon completion of the transaction, KnowBe4's shares will no longer trade on the Nasdaq Global Select Market, and KnowBe4 will become a private company.
AADI

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08:08 EDT Aadi announces preclinical combination data of KRAS inhibitors, nab-sirolimus - Aadi Bioscience announced that preclinical combination data of KRAS inhibitors and nab-sirolimus will be presented during a poster session at the upcoming 34th EORTC-NCI-AACR Symposium, taking place October 26-28, 2022 in Barcelona, Spain. Nab-sirolimus is a novel albumin-bound nanoparticle form of the mTOR inhibitor sirolimus and is approved for the treatment of locally advanced unresectable or metastatic malignant perivascular epithelioid cell tumor. KRAS is frequently mutated in non-small cell lung cancer, NSCLC, and other tumor types, with the KRAS G12C present in approximately 9% of NSCLC patients. The mTOR pathway is often activated in patients with the KRAS mutation and contributes to adaptive resistance to KRAS inhibitors. Sotorasib is approved for the treatment of KRAS G12C-mutated locally advanced or metastatic NSCLC, and adagrasib is under review for the treatment of KRAS G12C-mutated NSCLC. This study investigated the antitumor activity of mTOR inhibitors nab-sirolimus or everolimus in combination with sotorasib or adagrasib in KRAS G12C-mutated cancer xenografts. Results of these studies showed that combining nab-sirolimus with either of the KRAS G12C inhibitors significantly improved response against KRAS G12C mutant lung cancer and bladder cancer tumors in vivo and nab-sirolimus also showed significantly greater potency in the combination compared to everolimus. The nab-sirolimus combinations with sotorasib and adagrasib will be detailed in the upcoming poster.
BVS

Hot Stocks

08:08 EDT Bioventus to showcase orthobiologics, ultrasonic portfolio at NASS - Bioventus will present its spine procedural solutions portfolio at the North American Spine Society meeting in Chicago, October 12 through 15. Bioventus continues to invest in the future of both portfolios with the newest product launch, expanding their reach in the rapidly growing minimally invasive spine segment. The BoneScalpel Access handpiece 20 mm blade and Micro Hook Shaver will be available throughout the U.S. on October 17. The BoneScalpel Access handpiece allows surgeons to leverage the many advantages of ultrasonic bone cutting in minimally invasive spinal procedures. Combined with OSTEOAMP Flowable, Bioventus now has a full portfolio for MIS spine procedures, the fastest growing segment of spine surgery.
SYN TOVX

Hot Stocks

08:06 EDT Synthetic Biologics rebrands as Theriva Biologics - Theriva Biologics is the new name of Synthetic Biologics. The new name, logo and branding elements were introduced to better reflect Theriva's position as a clinical-stage pharmaceutical company developing a novel oncolytic adenovirus platform to address devastating cancers with high unmet need. In addition, the Company announced its common stock is expected to begin trading on NYSE American under the new ticker symbol "TOVX" on Thursday, October 13, 2022. "The rebranding solidifies our strategic transformation and reflects our sharpened focus on advancing unique, oncolytic viruses optimized for IV administration," said Steven Shallcross, CEO of Theriva Biologics. "We continue to build on the incredible progress made to date and are diligently advancing our OV pipeline. This includes lead clinical-stage program VCN-01, designed to break down the tumor stroma, and preclinical-stage program VCN-11, leveraging our proprietary Albumin Shield Technology to protect systemically administered oncolytic viruses from the host immune system. These two differentiated programs are intended to improve the anti-tumor effect of the oncolytic virus, co-administered chemotherapies and/or immuno-oncology therapeutics. Together, VCN-01 and VCN-11 position Theriva at the forefronts of oncolytic virus development. We are excited about Theriva's path towards strategic growth, renewed corporate strategy and remain on track to deliver on upcoming value-driving milestones." The rebrand includes a new logo and corporate website that more accurately reflect the Company's vision, mission and values.
GALT

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08:06 EDT Galectin Therapeutics receives FDA approval for head and neck cancer trial - Galectin Therapeutics' Investigational New Drug application for belapectin in combination with a checkpoint inhibitor for the treatment of Head and Neck cancer has been filed with the FDA Oncology division. Galectin Therapeutics also received a Study May Proceed letter for a Phase 2 clinical trial. The company will continue its focus on its pivotal global NAVIGATE trial in NASH cirrhosis. Enrollment is expected to be completed around the end of 2022.
CXM

Hot Stocks

08:06 EDT Sprinklr enter partnership with the Abu Dhabi Digital Authority - Sprinklr announced a partnership with the Abu Dhabi Digital Authority to help Abu Dhabi Government Entities, or ADGEs, adopt and scale unified CX programs to improve citizen experiences and engagement across the region.
UIS NOW

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08:05 EDT Unisys advances to an elite partner in the ServiceNow partner program - Unisys (UIS) announced its advancement to an Elite Partner in the ServiceNow (NOW) Partner Program. Unisys supports ServiceNow customers by delivering integrated enterprise service management solutions, including project and implementation services, platform-managed services, and service advancement advisors. Advancing to an Elite partner strengthens Unisys' commitment to transform and automate business workflows by enhancing the productivity and experience of hundreds of thousands of knowledge workers worldwide. "Businesses today demand premium, efficient and personalized access to IT services," said Leon Gilbert, senior vice president and general manager, Digital Workplace Solutions, Unisys. "We understand this need and are invested in providing unparalleled client experience through our work with ServiceNow."
FOXO

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08:05 EDT FOXO Technologies announces 1st distribution partner, California rollout - FOXO Technologies announced that its insurance distribution subsidiary, FOXO LIFE, recruited its first distribution partner, California-based BGA Insurance, to begin rolling out Life Insurance Designed to Keep You Alive to agents across the state. FOXO also announced the appointment of James Grauel, Jr. as Chief Distribution Officer of FOXO LIFE to spearhead the launch of longevity-focused life insurance products with independent agents. FOXO LIFE is partnering with leading independent insurance agencies across the United States who share its vision and goal of modernizing the industry. Grauel joins the team with decades of experience working in the life insurance industry from both the carrier and independent agent distribution viewpoints. As CDO, Grauel will manage the development of FOXO LIFE's network of independent agents selling longevity science-powered life insurance. "I am thrilled to join a team that is building the most exciting thing I've seen in this industry over the course of my career," said Jim Grauel, Jr., Chief Distribution Officer of FOXO LIFE. "Creating more value for life insurance consumers by aligning their healthy longevity with the natural financial interest of life insurance carriers is an incredible and obvious innovation the industry needs."
IRDM

Hot Stocks

08:04 EDT New Iridium Certus service providers to support U.S. government customers - Iridium Communications announced that Iridium partners MetOcean Telematics, NAL Research, and Trace Systems are now Iridium Certus service providers for U.S. government customers, joining Satcom Direct, in this capacity. These deals will allow these companies to provide Iridium's secure global satellite broadband and midband connectivity for mobile voice and data services to the U.S. government through a dedicated gateway. By leveraging the inherent advantages of the Iridium network, including truly global, on-the-move L-band connectivity, MetOcean Telematics, NAL Research, and Trace Systems are now able to deliver enhanced capabilities that meet Communications Security requirements for the Department of Defense and warfighter. "Iridium Certus continues to provide mission-critical broadband and midband capabilities to the modern warfighter and we're excited to add new service providers to expand the distribution of these offerings," said Scott Scheimreif, Executive Vice President of Government Programs, Iridium. "With the addition of Iridium Certus for the government, these partners will play a critical role in supporting DoD personnel as they utilize this value-added service."
AGEN VBIV

Hot Stocks

08:04 EDT Agenus and VBI Vaccines collaborate in Phase 2 study of glioblastoma candidate - Agenus (AGEN) and VBI Vaccines (VBIV) announced a collaboration to evaluate the combination of VBI-1901, VBI's cancer vaccine immunotherapeutic, and balstilimab, Agenus' monoclonal antibody targeting the programmed death receptor-1 protein, in primary glioblastoma patients as part of the adaptive platform trial, INSIGhT. Under the agreement, VBI will be the study sponsor and will be responsible for operational execution of the combination trial, and Agenus will provide drug supply and scientific support. VBI-1901 is in an ongoing Phase 2a study and has demonstrated encouraging tumor responses and improvement in overall survival compared to historical controls. In the arm that will be advanced into the primary setting, there have been two partial responses and five stable disease observations among 16 patients with recurrent GBM. These tumor responses have translated to clinical benefit with a median overall survival rate of 12.9 months, which compares favorably to the 8-month overall survival historical control in the recurrent setting after treatment with a monotherapy.
KTTA

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08:04 EDT Pasithea acquires AlloMek Therapeutics for $1.05M in cash, 2.7M shares - Pasithea Therapeutics announced that it acquired AlloMek Therapeutics, a privately-held biotechnology company. AlloMek's lead therapeutic candidate, CIP-137401, is a potential best-in-class macrocyclic mitogen-activated protein kinase kinase 1/2 inhibitor for use in a range of CNS-related indications, including neurofibromatosis type 1 and Noonan syndrome, as well as potential synergy with our existing multiple sclerosis development program. The closing of the acquisition occurred on October 11, 2022. CIP-137401 is a small molecule allosteric inhibitor of MEK 1/2, a key kinase in the Ras-Raf-MEK-ERK signaling pathway. Existing MEK inhibitors are marketed for a range of diseases, providing evidence for the value of regulating MEK as a drug target, however, they suffer from limitations. Unlike other MEK inhibitors, CIP-137401 is macrocyclic, which displays improved drug-like properties, such as an optimal pharmacokinetic, safety and potency profile, offering potential benefits over other MEK inhibitors. CIP-137401 was designed to limit toxicities and overcome poor pharmacokinetic profiles such as short half-lives and the formation of major metabolites, which result in the limited exposure and stability of known MEK inhibitors. CIP-137401 has displayed efficacy in a range of mouse models of various diseases and has completed pre-clinical testing and animal toxicology studies to support an Investigational New Drug application with the U.S. Food and Drug Administration. CIP-137401 has already received orphan-drug designation from the FDA for NF1. The Company plans to initially focus clinical development of CIP-137401 on NF1 followed by Noonan syndrome, both rare diseases with significant unmet clinical needs. Pasithea acquired all of the issued and outstanding equity interests in AlloMek in exchange for a $1.05 million upfront cash payment and the issuance of 2,700,000 shares of restricted common stock plus 5-year warrants to acquire 1,000,000 shares of common stock at an exercise price of $1.88 per share. Pasithea is also obligated to make certain clinical and regulatory event-driven milestone payments, as well as low-to-mid single digit escalating royalties on net sales.
DAL SBUX

Hot Stocks

08:03 EDT Delta Air Lines, Starbucks launch loyalty program partnership - Delta Air Lines (DAL) and Starbucks (SBUX) announced a strategic partnership that will offer members of Delta SkyMiles and Starbucks Rewards the ability to unlock even more ways to earn rewards at Delta and Starbucks. Starting October 12, U.S. customers who are enrolled in both Delta SkyMiles and Starbucks Rewards loyalty programs can easily link their accounts by visiting either deltastarbucks.com or starbucksdelta.com. Once the accounts are linked, members will earn one mile per $1 spent on eligible purchases at Starbucks, and on days when enrolled members have a scheduled flight with Delta, they will earn double Stars on eligible purchases at participating Starbucks stores. This new benefit is open to currently enrolled members as well as new members of the companies' loyalty programs.
IONS

Hot Stocks

08:00 EDT Ionis Pharmaceuticals announces plans for manufacturing facility in California - Ionis Pharmaceuticals announced that it has entered into an agreement with Sudberry Properties to develop and lease a new development chemistry and manufacturing site in Oceanside, Calif. Sudberry will develop and construct the shell for the approximately 217,000-square-foot building. Ionis will design and construct improvements to customize the facility. Under the terms of the agreement, Ionis will lease the property for 20 years, with two 10-year options to renew and a right of first offer to purchase the property. "From our inception, Ionis has been committed to discovering and developing transformational medicines for patients who depend on us. Our new Oceanside campus will provide the capacity we need to support our growing pipeline, new technologies and chemistries," said Brett P. Monia, Ph.D., Ionis' chief executive officer. Dr. Monia added, "We're proud to have established and grown our business in North County, San Diego over the last 30 years and delighted that we will continue to grow here for decades to come."
SPWR GM

Hot Stocks

07:58 EDT SunPower, General Motors to power homes with electric vehicles - SunPower (SPWR) and General Motors (GM) announced a collaboration to develop a new home energy system that will enable GM electric vehicles to provide backup energy to a home when properly equipped. GM also named SunPower as a preferred EV charger installation provider and its exclusive solar provider. The collaboration will bring together SunPower's home energy expertise and installation capabilities with GM's leadership in EV and battery technology to help provide customers with more resilient, sustainable and cost-effective energy. The home energy system and installation services are slated to be available alongside the retail launch of the 2024 Chevrolet Silverado EV, expected Fall 2023. With bi-directional charging capabilities, the Silverado EV paired with a home energy system is expected to provide enough electricity to provide whole home backup1 during a grid outage. "We are proud to work alongside GM, a stalwart in American innovation, to seamlessly connect home energy and electric vehicles. This is a vital next step toward making an all-electric lifestyle easy and even more beneficial," said Peter Faricy, SunPower CEO. "Through this collaboration, we are making it easy for EV drivers to power their vehicles with clean energy and providing new ways to offer energy resiliency and peace-of-mind."
REGN BAYRY

Hot Stocks

07:57 EDT Regeneron announces U.S. FDA accepted for priority review the sBLA for EYLEA - Regeneron Pharmaceuticals (REGN) announced the U.S. Food and Drug Administration, FDA, has accepted for Priority Review the supplemental Biologics License Application. sBLA, for EYLEA Injection to treat Retinopathy of Prematurity, ROP, in preterm infants. The target action date for the FDA decision is February 11, 2023. The sBLA is supported by data from two randomized global Phase 3 trials - FIREFLEYE and BUTTERFLEYE - investigating EYLEA 0.4 mg versus laser photocoagulation in infants with ROP. In both trials, approximately 80% of EYLEA-treated infants achieved an absence of both active ROP and unfavorable structural outcomes at 52 weeks of age, although their primary endpoint of non-inferiority was not met due to laser demonstrating comparable levels of efficacy that were higher than what have been historically observed in similar ROP trials. Notably, per an exploratory analysis, the time required to complete treatment administration per patient was considerably less for EYLEA than for laser. No new EYLEA safety signals were observed in either trial. The results of FIREFLEYE were published in Journal of the American Medical Association, and data from BUTTERFLEYE were recently presented at ROP Update 2022 meeting in the U.S. Both trials were conducted pursuant to FDA Pediatric Written Request, and a Pediatric Exclusivity Determination is under review by FDA with a response expected by early 2023. EYLEA was granted orphan drug designation by the FDA for the treatment of ROP in July 2019. The lead sponsors of the trials were Regeneron for BUTTERFLEYE and Bayer (BAYRY) for FIREFLEYE. Bayer and Regeneron are collaborating on the global development of EYLEA. Regeneron maintains exclusive rights of EYLEA in the United States. Bayer has licensed the exclusive marketing rights outside the United States, where the companies share equally the profits from sales of EYLEA.
LPTX

Hot Stocks

07:54 EDT Leap announces first patient enrolled in Part C of Phase 2 DisTinGuish study - Leap Therapeutics announced that the first patient has been enrolled in the randomized controlled Part C of the ongoing DisTinGuish study to evaluate DKN-01, Leap's anti-Dickkopf-1 antibody, in combination with tislelizumab, BeiGene's anti-PD-1 antibody, and chemotherapy compared to a tislelizumab and chemotherapy control arm, in patients with gastric or gastroesophageal junction cancer. "We are excited to announce another important milestone for our DKN-01 clinical program in combination with our partner BeiGene's tislelizumab, advancing this unique combination therapy into Part C of the DisTinGuish study," said Cynthia Sirard M.D., Chief Medical Officer of Leap Therapeutics. "The data to date from the DisTinGuish study show the DKN-01 plus tislelizumab combination therapy to be a compelling potential treatment for patients with G/GEJ cancer with response rates and survival outcomes that exceeded the benchmarks. This first randomized controlled study for DKN-01 will characterize the treatment effect in first-line patients, with a particular emphasis on those in the aggressive DKK1-high population." The DisTinGuish study is a Phase 2 study of DKN-01 in combination with tislelizumab and standard of care chemotherapy in patients with inoperable, locally advanced, G/GEJ adenocarcinoma.
OMGA NDEKY

Hot Stocks

07:52 EDT Omega Therapeutics announces selection of next OEC development candidate - Omega Therapeutics (OMGA) announced that it has selected OTX-2101 as the next Omega Epigenomic Controller, OEC, development candidate to advance into Investigational New Drug, IND,-enabling studies for the treatment of non-small cell lung cancer, NSCLC. Omega scientists rationally engineered OTX-2101 to control the expression of the c-Myc oncogene, a historically undruggable target in NSCLC. Genetic analysis has revealed that MYC overexpression is present in approximately 60% of NSCLC1. Preclinical data presented at the 2022 American Society of Gene & Cell Therapy Annual Meeting showed that OTX-2101 potently down-regulates MYC in multiple NSCLC cell lines. The OTX-2101 clinical development program will utilize a lung tissue-targeting lipid nanoparticle technology exclusively licensed from Nitto Denko Corporation (NDEKY). "This milestone for OTX-2101, which comes on the heels of the MYCHELANGELO I trial initiation for OTX-2002 for the treatment of hepatocellular carcinoma, highlights the power of our OMEGA Epigenomic Programming platform to engineer candidate mRNA therapeutics customized to the biology of the disease," said Mahesh Karande, President and Chief Executive Officer of Omega Therapeutics. "Our data-driven platform enables us to rapidly design novel medicines addressing the root cause of disease and tailor our delivery strategy to target the relevant cells and tissues. By leveraging both our internal development efforts and strategic external partnerships, we are able to accelerate clinical development of our OECs, with the goal of bringing innovative new therapies to patients sooner. We are excited to continue to deliver strong execution of our strategy, meet committed milestones, and establish a deep pipeline of promising candidates to treat a broad range of indications."
TECH

Hot Stocks

07:50 EDT Bio-Techne announces introduction of new vivid fluorescent dyes - Bio-Techne Corporation announced the introduction of 3 novel TSA Vivid Fluorophores for highly sensitive fluorescent detection of RNAs and proteins in cells and tissues. Optimized for use with proprietary RNAscope ISH technology, the TSA Vivid Fluorophores enable researchers to illuminate RNA biomarkers with industry leading sensitivity and clarity, accelerating cellular phenotyping and functional analysis at single-cell and subcellular resolution. Ideal for use with FFPE and fresh frozen tissue sections, and backed by over 6,600 peer reviewed global publications, RNAscope technology enables robust RNA detection with high specificity for the widest range of diverse RNAs commercially available. When used together with the TSA Vivid Fluorophores, RNAscope enables exceptionally bright detection of gene expression with very low background, including low expressing RNAs, simplifying new assay development.
AYRWF

Hot Stocks

07:48 EDT Ayr Wellness appoints David Goubert as president - Ayr Wellness announced that David Goubert has been appointed President, joining Ayr's leadership team to oversee the Company's operational and commercial functions, including production, supply chain, retail, wholesale and marketing. Mr. Goubert will report to Ayr's Founder and CEO, Jonathan Sandelman. Goubert joins Ayr from Neiman Marcus Group. Most recently, he served as NMG's President and CCO, where he was responsible for the full P&L of the Neiman Marcus brand as well as all customer touchpoints. Goubert will join Ayr on November 1, 2022 and will be based out of the Company's Miami headquarters. Co-COO Jason Griffith, who has helped integrate Ayr's operating footprint over the last several years, will transition out of the Company. Mr. Griffith has agreed to remain with the Company through a transitionary period to ensure continuity. Co-COO Jennifer Drake will serve as Ayr's sole COO.
KNBE

Hot Stocks

07:48 EDT KnowBe4 up 12.4% at $24.27 after report of acquisition by Vista Equity
MGDPF

Hot Stocks

07:37 EDT Marathon Gold commences early works site activities at Valentine Gold Project - Marathon Gold Corporation is pleased to announce that it has commenced early works site activities at the Valentine Gold Project in central Newfoundland. The Project was released from its provincial Environmental Assessment and approved for development by the Cabinet of the Government of Newfoundland and Labrador in March of this year, and released from its federal EA by the Minister of Environment and Climate Change Canada in August. On September 1, 2022 Marathon announced the decision of its Board of Directors to proceed to project construction. Following the satisfaction of pre-construction EA release conditions, Marathon has mobilized an early works program to the site in support of a development schedule that sees full mobilization commencing early in the first quarter of 2023, first ore to the mill at the end of 2024 and a production ramp-up during the first quarter of 2025. Matt Manson, President and CEO, commented: "We have now mobilized our early works program to the Valentine site, based on the receipt of all appropriate permits to allow work to proceed. This program involves the installation of a temporary camp, clearing, grubbing and pad construction for the permanent camp, road and bridge upgrades on our access road from the community of Millertown, and pond dewatering ahead of pre-stripping at the Leprechaun Deposit. Currently, approximately 100 persons are employed at Project site with Marathon or its contractors. Work has also commenced on the Project's powerline from the nearby Star Lake generating station, under the auspices of NL Hydro. Separately, we continue to advance our Updated Feasibility Study for the Project. This new work will update our April 2021 Feasibility Study with refreshed cost and scheduling data, and will consider for the first time the addition of the new Berry Deposit to the mine plan, offering an extension to the Project's mine life and an improved gold production profile. The early works program is proceeding well, and the Updated Feasibility Study is on schedule for completion during this quarter."
EJH

Hot Stocks

07:37 EDT E-Home Household Service signs multiple household service contracts - E-Home Household Service has signed multiple household cleaning service contracts to provide both daily hygiene maintenance and domestic garbage sorting and dumping services for properties under management of long-term clients in Fujian province, China. Pursuant to the five contracts signed, E-Home will provide cleaning services in public areas including carparks, green belts, passages and public facilities, public restrooms, among others. E-Home would also be providing pests extermination and disinfection services in the public area.
CHRS

Hot Stocks

07:35 EDT Coherus Biosciences' licensed NSCLC candidate shows positive Phase 3 results - Coherus BioSciences and Shanghai Junshi Biosciences announced the publication of toripalimab plus chemotherapy for patients with treatment-naive advanced non-small cell lung cancer, or NSCLC in a multi-center randomized phase 3 trial in the Journal of Clinical Oncology. Toripalimab in combination with chemotherapy was associated with significant improvements in progression-free survival - primary endpoint - and overall survival - secondary endpoint - compared with chemotherapy alone in patients with advanced NSCLC without epidermal growth factor receptor/anaplastic lymphoma kinase or ALK mutations, regardless of PD-L1 expression. No new safety signals were observed with toripalimab in this study. Statistically significant improvements in both PFS and OS were detected in the toripalimab arm compared with the placebo arm, with similar rates of adverse events. At the final analysis, PFS was significantly longer in the toripalimab arm than in the placebo arm. At the interim OS analysis, the toripalimab arm had a significantly longer OS than the placebo arm. OS rates at 2 years were 51.2% vs 33.9%, in the two arms. The incidence of Grade greater than 3 AEs was similar between the two arms. In 2021, Coherus in-licensed toripalimab, an anti-PD-1 antibody, in the United States and Canada. A BLA for toripalimab for the treatment of nasopharyngeal carcinoma is under review by the FDA with a target action date of December 23, 2022.
FULC

Hot Stocks

07:34 EDT Fulcrum Therapeutics to present data from OLE portion of Phase 2 ReDUX4 study - Fulcrum Therapeutics announced that new data from the open label extension portion of the Phase 2 ReDUX4 study of losmapimod for the treatment of FSHD will be featured in a poster presentation at the World Muscle Society Hybrid Congress taking place October 11-15 in Halifax, Canada. Fulcrum will also host a symposium entitled "Measuring Progression in FSHD: Implications for Clinical Trials," featuring an overview of the OLE data on October 12, 2022, at the Halifax Convention Center. ReDUX4 was a 48-week, placebo-controlled study that enrolled 80 participants between the ages of 18-65 with genetically confirmed FSHD1. Study participants were randomized 1:1 to receive 15 mg losmapimod twice daily or placebo. Following the initial 48-week study period, all participants were given the option to enroll in the OLE portion of the study during which all participants received losmapimod. Of the 77 participants who completed the initial 48-week study, 99% enrolled in the OLE. At week 96, 74 participants remained on treatment. Data from the OLE support findings that losmapimod modifies FSHD disease progression and preserves or improves muscle function. Patients who crossed over to losmapimod treatment from the placebo arm and remained on treatment through 96 weeks demonstrated trends of slowing or stopping disease progression as measured by reachable workspace. Participants who originally received losmapimod and remained on therapy, continued to show slowing or stopping of disease progression and demonstrated improvement in muscle function, as measured by RWS. Losmapimod maintained a favorable safety profile and was generally safe and well tolerated. No treatment-related serious adverse events or treatment-emergent adverse events leading to study drug discontinuation were reported through 96 weeks of dosing.
FREQ

Hot Stocks

07:32 EDT Frequency Therapeutics completes enrollment of FX-322 study - Frequency Therapeutics announced that it has completed enrollment of its placebo-controlled Phase 2b study of FX-322 in adults with acquired sensorineural hearing loss, or SNHL. The FX-322-208 study, which enrolled 142 individuals, is designed to show improvement in a pre-specified measure of speech perception. The company plans to release study data in the first quarter of 2023.
IONS

Hot Stocks

07:27 EDT Ionis announces plan for new manufacturing facility in California - Ionis Pharmaceuticals announced that it has entered into an agreement with Sudberry Properties to develop and lease a new development chemistry and manufacturing site in Oceanside, Calif. Sudberry will develop and construct the shell for the approximately 217,000-square-foot building. Ionis will design and construct improvements to customize the facility. Under the terms of the agreement, Ionis will lease the property for 20 years, with two 10-year options to renew and a right of first offer to purchase the property. "From our inception, Ionis has been committed to discovering and developing transformational medicines for patients who depend on us. Our new Oceanside campus will provide the capacity we need to support our growing pipeline, new technologies and chemistries. We're proud to have established and grown our business in North County, San Diego over the last 30 years and delighted that we will continue to grow here for decades to come," said Brett Monia, Ph.D., Ionis' CEO.
ABST

Hot Stocks

07:23 EDT Absolute Software Chief Revenue Officer Matthew Schoen to step down - Yesterday evening, Absolute Software "announced that Matthew Schoenfeld has accepted the position of President at a privately-held company and will resign from Absolute effective November 4, 2022. The company also announced Mark Grace has been promoted from EVP, Channel and Business Development to Chief Revenue Officer to help drive the company's next phase of growth and oversee all sales, Channel and customer experience."
CLBK

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07:20 EDT Columbia Bank appoints Manesh Prabhu as EVP, CIO - Columbia Bank welcomes Manesh Prabhu as Executive Vice President, Chief Information Officer, effective immediately. In his role, Mr. Prabhu is responsible for Information Systems and Digital Banking. Prabhu has over 20 years of experience at leading institutions including Peoples United Bank N.A. Most recently, he held the title of Chief Technology Officer where he led the IT strategy and technology transformation for the Bank.
ONDS

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07:19 EDT Ondas receives order for integrated coastal surveillance system - Ondas Holdings announced that Ondas Networks has received a new order from a major defense contractor for its next generation wireless communications system to be integrated into a coastal surveillance system in Asia. The order is planned for delivery in the fourth quarter of 2022 and is part of a multi-system rollout for a large Asian country.
FPI

Hot Stocks

07:17 EDT Farmland Partners acquires two tracts of Illinois farmland for $3.36M - Farmland Partners announced that it acquired two tracts of farmland on Friday, October 7.The corn and soybean farms collectively cover 270 acres in Edgar County, Illinois. The Company spent $1.32M to acquire 82 acres in the first transaction, which will create a contiguous block of farmland spanning more than 1,200 acres when combined with other farms in the portfolio. The Company also purchased a 188-acre parcel for $2.04M. That tract is approximately 7 miles away from the first transaction and is nearby additional FPI properties.
MRNA MRK

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07:17 EDT Merck exercises option for joint development, commercialization of PCV - Moderna (MRNA) and Merck (MRK) announced that Merck has exercised its option to jointly develop and commercialize personalized cancer vaccine mRNA-4157/V940 pursuant to the terms of its existing Collaboration and License Agreement. mRNA-4157/V940 is currently being evaluated in combination with KEYTRUDA, Merck's anti-PD-1 therapy, as adjuvant treatment for patients with high-risk melanoma in a Phase 2 clinical trial being conducted by Moderna. Under the agreement, originally established in 2016 and amended in 2018, Merck will pay Moderna $250 million to exercise its option for personalized cancer vaccines including mRNA-4157/V940 and will collaborate on development and commercialization. The payment will be expensed by Merck in the third quarter of 2022 and included in its non-GAAP results. Merck and Moderna will share costs and any profits equally under this worldwide collaboration.
EVH BHG

Hot Stocks

07:16 EDT Evolent Health sees revenue related to Bright Health as flat from 2022 to 2023 - In an 8-K filing yesterday, the company stated: "Evolent Healt (EVH) provided context regarding the announcement by Bright Health Group (BHG), an operating partner of the Evolent Health Services segment of the company, that BHG plans to exit its Individual and Family Plans line of business for 2023. The company had previously announced the selection of Evolent Health Services by BHG as the administrative services provider for this line of business, along with BHG's intention to add approximately 700,000 members beginning January 1, 2023 to approximately 340,000 currently on the EHS platform. The Company had also estimated growth from BHG in the EHS segment would be approximately $70 million for 2023. With the BHG announcement, the company currently anticipates revenue from BHG to be approximately flat in the EHS segment from 2022 to 2023. Since the company's contract with BHG provides for customary runout services and other clauses, the company currently expects minimal impact on EHS segment adjusted EBITDA through the end of 2023 based on this announcement. This announcement also does not change the company's target to meet or exceed mid-teens top-line growth target in 2023 and beyond."
MRUS

Hot Stocks

07:13 EDT Merus announces publication of abstract on MCLA-129 - Merus announced the publication of the abstract highlighting interim data from the ongoing phase 1/2 trial of the bispecific antibody MCLA-129 on the 34th EORTC/NCI/AACR Symposium on Molecular Targets and Cancer Therapeutics website. MCLA-129 is a fully human IgG1 Biclonics bispecific antibody that binds to EGFR and c-MET and is being investigated in patients with advanced non-small cell lung cancer and other solid tumors. This phase 1/2 study has completed the dose escalation phase and is on-going in the dose expansion phase. The reported interim data in the abstract are from the phase 1/2 trial of MCLA-129 in patients with advanced NSCLC and other solid tumors. Information and observations in the abstract include: As of the May 8, 2022 cutoff date, 20 patients were treated with MCLA-129 across doses of 100, 300, 600, 1000, and 1500 mg every two weeks; Median age of patients was 65 years; Tumor types enrolled included: 14 patients with EGFR mutant NSCLC; 2 patients with c-MET exon 14 mt NSCLC; 1 patient with c-MET amplified gastric adenocarcinoma;1 patient with squamous cell esophageal cancer; 2 patients with head and neck squamous cell carcinoma; 13 patients were evaluable for response with preliminary signs of anti-tumor activity observed: Two partial responses in EGFR mt NSCLC; Four confirmed stable disease; Median duration of treatment was 8 weeks with 11 patients still on treatment at the cutoff date. Safety: No dose limiting toxicity was observed and maximum tolerated dose was not reached; The most frequently reported adverse event was infusion related reaction; 18 of 20 pts reported IRR after first dose, all but one were mild or moderate; All but one infusion were completed on the same day; No treatment discontinuations due to AE; No interstitial lung disease was observed; Recommended initial phase 2 dose for expansion is 1500 mg every two weeks. The expansion cohorts are enrolling. Dose-dependent depletion of soluble EGFR and c-MET was observed; In doses ranging from 600-1500 mg every two weeks, MCLA-129 demonstrated linear pharmacokinetics; Mean serum concentrations at 1500 mg every two weeks dose are modeled to be above that required for greater than95% target engagement of cell-bound EGFR and c-MET throughout the dosing period
CIGI

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07:11 EDT Colliers International completes acquisition of alternative investment manager - Colliers completed its previously announced acquisition of a controlling interest in Versus Capital, a U.S. alternative real asset management firm with over $6.0B of AUM. The acquisition of Versus raises total Colliers' AUM to $87B.
ONDS

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07:10 EDT Ondas receives new order from major defense contractor - Ondas announced that Ondas Networks has received a new order from a major defense contractor for its next generation wireless communications system to be integrated into a coastal surveillance system in Asia. This order was secured after Ondas' successful integration into a similar coastal surveillance system deployed by the defense contractor earlier this year in the Caribbean. The order is planned for delivery in the fourth quarter and is part of a multi-system rollout for a large Asian country.
PMN

Hot Stocks

07:10 EDT ProMIS Neurosciences closes $7.4M private placement - ProMIS Neurosciences announced that it has closed a fully subscribed private placement of 1,383,755 Units of the Company at a price of $5.40 per Unit for gross proceeds of $7,472,277. Each Unit is comprised of one Common Share of the Company and one quarter of one Common Share purchase Warrant. Each full Warrant is exercisable for one Common Share at $7.50 for a period of five years commencing six months from the closing of the Offering.The proceeds from the Offering will be used to advance ProMIS' lead product candidate, PMN310, into a first-in-human study which the Company plans to commence in 2023, subject to FDA's acceptance of an Investigational New Drug Application. Proceeds will also support expansion of the Company's intellectual property portfolio, as well as working capital and general corporate purposes. ProMIS' lead product candidate, PMN310, is a novel monoclonal antibody that is highly selective for toxic oligomers of amyloid-beta which are found in brains of AD patients. ProMIS believes specific targeting of toxic misfolded proteins may directly address fundamental AD pathology while potentially leading to enhanced efficacy and safety compared to other agents due to reduction of off-target activity. ProMIS' pipeline also includes PMN267, an antibody against misfolded TDP-43 for ALS, and PMN442 targeting misfolded toxic forms of alpha-synuclein, a driver of MSA.
DBTX

Hot Stocks

07:09 EDT Decibel Therapeutics appoints Kevin McLaughlin to Board - Decibel Therapeutics appointed Kevin McLaughlin to its Board of Directors. From 2010 to 2021, McLaughlin served as Senior VP, CFO and Treasurer of Acceleron Pharma until its acquisition by Merck in December 2021. Prior to Acceleron, he was SVP and CFO of Qteros and was co-founder, COO and director of Aptius Education, a publishing company, from 2007 through 2009. From 1996 through 2007, McLaughlin held several executive positions with PRAECIS Pharmaceuticals. He joined the company as their first CFO later becoming COO, and then President and CEO and a member of the Board of Directors.
MITQ

Hot Stocks

07:08 EDT Moving iMage announces approval of Direct View LED frame patent - Moving iMage Technologies announced that the United States Patent Office has granted MiT a patent covering a proprietary design for Direct View LED screen frames in cinemas. The frame was designed by David Richards, MiT co-founder and senior vice president of Engineering, to address specific needs of this new technology as it applies to the cinema theater. The first MiT frame of this type was installed in Richmond, Texas in 2019. Another installation was completed in Buena Park, California this year.
ALXN AZN

Hot Stocks

07:08 EDT Alexion, AstraZeneca Rare Disease to present new Ultomiris data - Alexion (ALXN), AstraZeneca Rare Disease (AZN), will present new data showing advances for the treatment of anti-aquaporin-4, or AQP4, antibody-positive, or Ab+, neuromyelitis optica spectrum disorder, or NMOSD, at the European Committee for Treatment and Research in Multiple Sclerosis Congress, October 26 to 28. Data presented at the meeting will feature new insights from Alexion's complement portfolio illustrating the critical role of C5 inhibition in treating AQP4 Ab+ NMOSD and significantly reducing the risk of relapses, including findings on the first and only long-acting C5 complement inhibitor, Ultomiris. An oral presentation will showcase results of the CHAMPION-NMOSD trial, which evaluated the safety and efficacy of Ultomiris in adults with AQP4 Ab+ NMOSD, compared to the external placebo arm from the pivotal SOLIRIS PREVENT clinical trial. The data will show there were zero adjudicated on-trial relapses observed in patients with AQP4 Ab+ NMOSD with a median treatment duration of 73 weeks, representing a relapse risk reduction of 98.6% compared to the external placebo arm. The safety and tolerability of Ultomiris in the CHAMPION-NMOSD trial were consistent with previous clinical studies and other approved indications.
RPRX MRK

Hot Stocks

07:07 EDT Royalty Pharma enters schizophrenia R&D funding collaboration with Merck - Royalty Pharma (RPRX) has entered into an agreement with Merck (MRK) to co-fund the development of MK-8189, an investigational oral PDE10A inhibitor currently being evaluated in a Phase 2b study for the treatment of schizophrenia. Royalty Pharma will provide $50M upfront to Merck to support ongoing development of MK-8189. Following Merck's decision to proceed with Phase 3, Royalty Pharma has the option to provide an additional $375M to co-fund the pivotal clinical development program. Royalty Pharma will be eligible for milestone payments associated with certain regulatory approvals for MK-8189 as well as royalties on annual worldwide sales of any approved product.
YEXT

Hot Stocks

07:06 EDT Yext announces Tom Nielsen joins as Chief Revenue Officer - Yext announced that Tom Nielsen has joined Yext as Chief Revenue Officer to accelerate and scale global revenue growth. Nielsen will report directly to Marc Ferrentino, President and Chief Operating Officer, and will serve on Yext's leadership team.
CLBT

Hot Stocks

07:06 EDT Cellebrite releases next generation of Cellebrite Guardian - Cellebrite DI announced the release of the next generation of Cellebrite Guardian, which provides critical features aiding law enforcement in handling digital evidence in an ethical way, including storing, managing, and sharing evidence, with unmatched instant review of digital evidence.
TLSA

Hot Stocks

07:05 EDT Tiziana Life Sciences to submit IND application for Phase 1 trial of foralumab - Tiziana Life Sciences announced that it plans to submit an Investigational New Drug Application for a Phase 1 Trial of intranasal foralumab in Alzheimer's disease patients after receiving an affirmative written response from the FDA on a Pre-Investigational New Drug Application. Tiziana plans on filing the IND for Alzheimer's disease by the third quarter of 2023 upon the completion of requested toxicology studies, then starting its Phase 1 program by the end of 2023.
ATAI

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07:05 EDT Atai Life Sciences' KUR-101 shows positive Phase 1 results for opioid abuse - atai Life Sciences announced positive initial results for their Phase 1 clinical trial of KUR-101, an oral formulation of deuterated mitragynine, the major active alkaloid of the kratom plant, under development for the treatment of opioid use disorder, or OUD. Initial results indicate that KUR-101 is safe and generally well-tolerated. Results also showed a dose-proportional pharmacokinetic profile that was unaffected by food. There are currently only three FDA-approved therapeutics for OUD; they produce side effects and about 75% of patients undergoing OUD therapy experience relapse within one year of treatment. KUR-101 is an atypical opioid receptor modulator with unique pharmacology that may make it safer for chronic use. The deuteration of mitragynine improves the PK and overall safety profile of KUR-101 while reducing dosing requirements. Topline results, including Part 2 of the trial comparing a single dose of KUR-101 to a single dose of oxycodone or placebo, are expected by the end of 2022.
XPO

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07:04 EDT XPO Logistics announces pricing of RXO's $355M notes offering - XPO Logistics announced that RXO has priced an offering of $355M of notes due 2027. 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 of RXO into a separate publicly traded company, merge with and into RXO, as a result of which the notes will become the direct obligations of RXO. The closing of the offering of the notes is expected to occur on or about October 25, 2022, subject to customary closing conditions. The notes will bear interest at a rate of 7.500% per annum payable semiannually in cash in arrears on May 15 and November 15 of each year, beginning May 15, 2023, and will mature on November 15, 2027. RXO intends to use the net proceeds from the sale of the notes to fund a cash distribution to XPO; to pay fees, costs and expenses incurred in connection with the spin-off, the notes offering and related transactions; and/or to provide working capital to RXO. The net proceeds from the notes offering will be held in escrow until certain conditions relating to the spin-off are satisfied.
BGNE

Hot Stocks

07:04 EDT BeiGene announces Brukinsa achieved superior PFS versus Imbruvica - BeiGene announced that Brukinsa achieved superior Progression-Free Survival, or PFS, versus Imbruvica in a final analysis of the Phase 3 ALPINE trial, as assessed by an independent review committee, or IRC, and investigator. Brukinsa was generally well tolerated; safety findings at the final PFS analysis were consistent with prior reports. BeiGene's supplemental new drug application for Brukinsa for the treatment of adult patients with CLL or small lymphocytic lymphoma, or SLL, is currently under review with the FDA, with a target action date of January 20, 2023.
AUTL MRNA

Hot Stocks

07:02 EDT Moderna exercises option to license Autolus Therapeutics' targeting technology - Moderna (MRNA) has exercised its option to license Autolus Therapeutics' (AUTL) proprietary binders against an undisclosed immuno-oncology target for the development and commercialization of mRNA therapeutics. This follows an original agreement granting Moderna an exclusive option to license Autolus' proprietary binders for up to four immuno-oncology targets for incorporation in certain mRNA therapeutics. On exercise of the option, Autolus has received an option exercise payment and is eligible to receive development and commercial milestone payments for each product successfully commercialized. In addition, Autolus would be entitled to receive royalties on net sales of all products commercialized under the agreement.
GRNA

Hot Stocks

07:02 EDT GreenLight Bioscences announces realignment of focus, staff reduction of 25% - GreenLight Biosciences announced a realignment to focus on key near-term value drivers and extend its cash runway. Key changes include further optimizing GreenLight's organizational structure to better serve the company's operations and more efficiently support the research, development and commercialization of its plant health and human health pipelines, primarily by integrating GreenLight's platform team into the respective teams for human health and plant health. These integrations come with a staff reduction of approximately 25%. In recent months, GreenLight's human health team announced manufacturing mRNA at scale with Samsung Biologics and launched partnerships to develop vaccines with the Vaccine Research Center at the National Institutes of Health and with Serum Institute of India. The plant health team has demonstrated first-of-a-kind field control of fungal pathogens such as Powdery Mildew, with effectiveness on a par with chemical standards. The team has also progressed work to develop RNA seed treatments, partnering with Germains Seed Technology. Field trials of GreenLight's proprietary pollinator solution to protect honeybees showed control of varroa destructor mite similar or superior to a leading chemical alternative after 12 weeks. The company said," For plant health, we continue to work on broadening the pipeline, which includes fungicides and insecticides. There will be particular emphasis on advancing registration and commercialization of the first-ever foliar-applied RNA for crop protection, Calantha, GreenLight's solution for control of the Colorado potato beetle. We will also continue towards regulatory submission of GreenLight's solution targeting varroa mites, which are decimating honeybee colonies around the globe. For human health, our ongoing focus remains on obtaining proof of concept of GreenLight's technology platform with our Covid vaccine and advancing our shingles program in collaboration with Serum Institute of India. Following on the Covid and shingles work, GreenLight plans to continue to work on research programs addressing unmet medical needs in lower and middle income countries. As a result of this realignment, GreenLight will shift its focus from early-stage research programs-including our gene therapy program for sickle cell disease and our programs for antibody therapy and supra-seasonal flu-to opportunities that are nearer to commercialization. We are also reorganizing our operations in order to maximize the efficiency of our team, which we expect will reduce our facilities and other SG&A costs over time. The reductions in headcount are expected to generate savings of approximately $13M in direct employee costs in 2023. In addition, we expect there will be savings from other direct and indirect cost areas.""
SRE

Hot Stocks

06:59 EDT San Diego Gas & Electric starts testing for 40 MW energy storage project - Following a summer of record temperatures in California, San Diego Gas & Electric announced the start of testing for the company's new 40 MW energy storage project in Fallbrook and the start of construction on one of four energy storage and microgrid projects that will bring an additional 39 MW of battery capacity to the region. SDG&E has been rapidly expanding its energy storage portfolio. The company has about 95 MW of utility-owned energy storage currently available, with another 200+ MW in development.
EGRX

Hot Stocks

06:56 EDT Eagle Pharmaceuticals submits IND application to FDA for CAL02 - Eagle Pharmaceuticals announced that it has submitted an investigational new drug application to the U.S. Food and Drug Administration for CAL02, a novel first-in-class broad-spectrum anti-virulence agent for the treatment of severe community-acquired bacterial pneumonia. The IND filing includes a protocol for an adequately powered global Phase 2 study to evaluate the efficacy and safety of CAL02 when added to standard of care therapy in patients with SCABP. The design, entry criteria, and endpoints for the proposed Phase 2 study have been discussed with the FDA in a pre-IND meeting held on September 19, 2022. The Phase 2 study plans to enroll approximately 276 patients with SCABP at 120 sites worldwide. Patient enrollment is expected as early as the beginning of 2023. Eagle anticipates filing for ten years of regulatory exclusivity, including five years as a new chemical entity and five years as a qualified infectious disease product under the Generating Antibiotic Incentives Now Act. Eagle believes that CAL02 could be eligible for fast track and breakthrough therapy designations. In addition, Eagle believes a CAL02 new drug application for the treatment of SCABP may qualify for priority review. The Company expects to strengthen the patent portfolio for this asset. In August 2021, Eagle entered into a worldwide licensing agreement with Combioxin SA, a clinical-stage biotechnology company based in Epalinges, Switzerland, for the commercial rights to CAL02. As previously announced, the Company expects to invest $35 million to achieve interim results from the Phase 2 study expected in late 2023/early 2024.
HYW

Hot Stocks

06:54 EDT Hywin Holdings files fiscal year 2022 annual report - Hywin Holdings announced that it has filed its annual report containing its audited consolidated financial statements for the fiscal year ended June 30, 2022 on Form 20-F with the Securities and Exchange Commission on October 12, 2022 Eastern Time.
AGR SRE

Hot Stocks

06:54 EDT Avangrid, Sempra Infrastructure enter HOA for green hydrogen and ammonia project - Avangrid (AGR), and Sempra Infrastructure, a subsidiary of Sempra (SRE), announced they have entered into a heads of agreement, or HOA, for the potential joint development of U.S. green hydrogen and ammonia projects powered by renewable sources. The HOA provides a framework for the companies to identify, appraise, and potentially develop large-scale green hydrogen projects to help meet the energy and decarbonization needs of both U.S. and international customers. Avangrid's deep background in renewable development as the third largest renewables operators in the U.S., complements Sempra Infrastructure's complex project development and commercial expertise across clean power, energy networks and LNG and net-zero solutions. Sempra Infrastructure is currently developing multiple energy transition projects in North America, including LNG export projects to serve customers in both the Atlantic and Pacific Basins, as well as new opportunities in renewable energy, carbon capture and sequestration, as well as other pathways to produce clean hydrogen and ammonia leveraging the resources available in different regions. The referenced HOA is non-binding, and the development of these joint projects is subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits, and reaching a final investment decision with respect to each project.
STNG

Hot Stocks

06:51 EDT Scorpio Tankers buys back 49.6K shares of common stock - Yesterday evening, Scorpio Tankers "announced that it has purchased its common shares in the open market. The Company purchased 49,615 of its common shares in the open market at an average price of $39.82 per share as part of the Company's securities repurchase program."
OMI

Hot Stocks

06:50 EDT Owens & Minor appoints Andrew Long, EVP, CEO, Products & Healthcare Services - Owens & Minor announced certain changes to its executive leadership team, including the appointment of Andrew Long as EVP, CEO, Products & Healthcare Services segment, replacing Jeffrey Jochims who will be leaving the Company. Long has served as the Company's EVP and CFO since joining the Company in November 2019. In addition, Alexander Bruni has been promoted to EVP and CFO, replacing Long. Alex Bruni joined Owens & Minor in April 2020 and has served as SVP of Finance, first leading corporate FP&A, then progressing to become the finance leader of the Products & Healthcare Services segment and most recently, the Patient Direct segment.
LAZ

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06:48 EDT Lazard reports September 2022 AUM of $197.8B - Lazard reported that its preliminary assets under management as of September 30, 2022 totaled approximately $197.8B. The month's AUM included market depreciation of $14.8B, foreign exchange depreciation of $3.4B, and net outflows of $1B. Preliminary average assets under management for the quarter ended September 30, 2022 were $212.3B.
STN

Hot Stocks

06:47 EDT Stantec signs LOI to acquire L2P, terms not disclosed - Stantec has signed a Letter of Intent to acquire L2P, a 40-person Philadelphia-based architecture, interior design, and planning firm. Founded in 2009, L2P has grown to be a trusted advisor in the science and technology, commercial workplace, higher education, residential, and hospitality markets. The terms of the transaction are not disclosed. The company said, "The acquisition will bolster Stantec's science and technology and commercial workplace offerings in greater Philadelphia and beyond. L2P brings extensive experience in strategic asset planning that supports clients in reaching informed real estate decisions. L2P's portfolio spans complex laboratories, technology centers, higher education campuses, and high-density residential developments. The team holds a reputation for delivering projects that balance innovative design and sustainability practices with client objectives."
NKTR

Hot Stocks

06:42 EDT Nektar, PureTech terminate business combination discussions - Nektar Therapeutics disclosed yesterday morning that it and PureTech Health "have mutually agreed to terminate discussions regarding a possible business combination." PureTech Health said in a release: "These discussions were early in nature and the required announcement created the impression that discussions were more advanced than they were. Given the early stage of the discussions and the potential for an extended period of uncertainty, these discussions were terminated."
WIT

Hot Stocks

06:41 EDT Wipro sees Q3 IT Services revenue $2.811B-$2.853B
UEC RIO

Hot Stocks

06:37 EDT Uranium Energy to acquire Rio Tinto Roughrider uranium development project - Uranium Energy (UEC) announced that it has entered into a definitive agreement with a subsidiary of Rio Tinto (RIO) pursuant to which UEC will acquire 100% of Rio Tinto's wholly-owned Roughrider uranium development project located in the Athabasca Basin in Saskatchewan, Canada. Under the terms of the transaction, upon close, Rio Tinto will receive $80M in cash and 17,805,815 UEC common shares, valued at $70M based on the five-day VWAP of $3.93 per share as of October 7. The cash component of the transaction will be fully funded using UEC's existing balance sheet, which as of October 10 was over $173M in cash and liquid assets.
ARR

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06:36 EDT Armour Residential REIT reports book value per common share $5.79-$5.83 - ARMOUR Residential REIT announced preliminary estimated financial information as of September 30, 2022 and for the three-month period then ended. ARMOUR's Q3 2022 Preliminary Estimates: Book value per common share at September 30, 2022 was between $5.79 and $5.83 compared to $7.25 per common share at June 30, 2022. Securities portfolio included approximately $7.4 billion of agency mortgage-backed securities and U.S. Treasury securities. Debt to equity ratio was approximately 8.8 to 1. Leverage, net of short TBA securities positions, was approximately 7.7 to 1 at September 30, 2022. For comparison, debt to equity ratio was 6.9 to 1 and leverage, including net long TBA securities positions, was 7.6 to 1 at June 30, 2022. Liquidity position consisted of cash and unencumbered Agency MBS of approximately $469 million, as of September 30, 2022. Monthly cash dividends totaled $0.30 per common share for the third quarter. Estimated distributable earnings for the quarter exceeded that amount per share. Our final report of distributable earnings for the third quarter 2022, when available, will include a reconciliation of distributable earnings to the most directly comparable GAAP measure. Per share amounts at September 30, 2022 are based on approximately 132,590,000 common shares issued and outstanding on that date. During the quarter ended September 30, 2022, the Company issued approximately 22,733,043 common shares for average net proceeds of $7.36 per share under its "at the market" offering program and repurchased approximately 780,000 common shares at an average net cost of $4.96 under its stock repurchase program.
STLA

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06:35 EDT Stellantis inaugurates software and technology center in India - Stellantis inaugurated a new software center in Bengaluru, Karnataka, India. The new center will focus on the development of software and technological innovations for the advancement of automobiles and mobility. The new site is the csecond global innovation center in the country. The facility, spread across 50,000 square feet, will serve as the primary development center for STLA SmartCockpit, one of three technology platforms due to arrive in 2024 and deployed across the four STLA vehicle platforms. In addition, the Bengaluru center will develop AI and ADAS technologies for STLA AutoDrive. The Bengaluru office will house state-of-the-art labs, including an acoustic lab for the development of specific audio signatures as well as premium audio experiences for Stellantis vehicle owners. Stellantis has accelerated the hiring process for the new center that will eventually employ approximately 500 people.
WLBMF

Hot Stocks

06:34 EDT Wallbridge Mining announces assay results from Martiniere Gold Project - Wallbridge Mining Company is pleased to announce that assay results from one of the final holes of its 2022 drill program at the Martiniere Gold Project continue to demonstrate excellent resource growth potential. Martiniere is located 30 kilometres and within trucking distance of the Company's flagship Fenelon gold project and 45 kilometres east of the Detour Lake gold mine on the highly prospective Detour-Fenelon Gold Trend in Northern Abitibi, Quebec. The 2021-2022 drilling program was primarily designed to establish connections between the Martiniere West and Bug Lake Trends and also included several exploration holes, drilling larger-spaced step-outs on the gold-bearing trends and zones. The results announced today come from such an exploration hole, MR-22-036, testing the eastern extent of the gold system. Assay results from the last two exploration drill holes of the 2022 program are pending. Following an initial drill program of 9,380 metres in 2021, the Company has completed 21,400 metres of additional drilling at Martiniere this year. The results from this program, which now includes more than 30,000 metres of drilling by the Company, will provide significant new data for an updated mineral resource estimate at Martiniere scheduled for the first quarter of 2023. Highlights of the 2021 drill program, as reported in the Company's press releases dated October 26, 2021 and February 2, 2022, include 3.68 g/t Au over 22.50 metres in MDE-21-326, 2.21 g/t Au over 36.60 metres in MDE-21-328 and 46.76 g/t Au over 2.40 metres in MDE-21-338. Highlights of the 2022 drill program were reported in the Company's press release dated August 30, 2022 and include 12.27 g/t Au over 5.60 metres in hole MR-22-026, extending the Martiniere West zone along strike by over 400 metres to the southwest; 4.75 g/t Au over 5.50 metres in hole MR-22-020, expanding the Martiniere West zone down-plunge by over 300 metres; and 2.50 g/t Au over 17.35 metres, near-surface in hole MR-22-029 in the area between the Martiniere West and Central zones.
AB

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06:33 EDT AllianceBernstein names Erin Bigley chief responsibility officer - AllianceBernstein announced Erin Bigley has been named as the firm's chief responsibility officer. As chief responsibility officer, Bigley will oversee the firm's responsible investing strategy, extensive research, engagement, stewardship activities, corporate responsibility, and continued integration of responsible investing into strategic decisions. Bigley replaces Michelle Dunstan, who has departed the firm to pursue an external opportunity.
CXBMF

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06:29 EDT Calibre Mining reports Q3 gold production 49,081 ounces - Calibre Mining is pleased to announce operating results for the three and nine months ended September 30, 2022. Q3 and Year to Date 2022 Production Overview: Consolidated quarterly gold production of 49,081 ounces, and gold sales of 49,260 ounces; 10% increase in gold production compared to Q3 2021; Nicaragua gold production of 38,928 ounces and Nevada gold production of 10,153 ounces; Nicaraguan Q3 gold pours were negatively impacted due to an unplanned outage at the carbon plant, which is now back up and running; Consolidated YTD gold production of 160,704 ounces, gold sales of 161,530 ounces, on track to deliver full year guidance of 220,000 - 235,000 ounces; Pavon Central Open pit mining permit approved Q2, 2022, on track for production Q1, 2023; Considerable progress made at Eastern Borosi Project including: Recently completed the public consultation process with mining permits expected during Q4, 2022; Advanced early road works and site preparations underway. Q3 2022 Highlights : Continuous expansion of the high-grade gold discovery along strike at Panteon North within the Limon Complex; 52.59 g/t Au over 3.8 m Estimated True Width; 43.09 g/t Au over 3.3 m ETW; 35.18 g/t Au over 2.8 m ETW; 26.02 g/t Au over 8.1 m ETW; Consistent high-grade mineralization demonstrated over a strike length of 400 m coupled with VTEM indicates a positive impact to year-end mineral resource statement. Pan Mine drill results demonstrate strong expansion potential; 3.35 g/t Au over 18.3 m; 0.82 g/t Au over 10.7 m; 0.80 g/t Au over 47.2 m; 1.96 g/t Au over 10.7 m; 0.96 g/t Au over 10.7 m, and Excellent opportunities for growth and, in some cases shallow, higher-grade zones are open for expansion. Darren Hall, President & CEO of Calibre, stated: "Gold poured during the quarter was negatively impacted by the carbon plant outage at Libertad however with increased in progress inventory and higher grades we anticipate a strong Q4 and remain on track to meet our 2022 production guidance of 220,000 - 235,000 ounces. During the quarter we continued to progress development at Pavon Central and Eastern Borosi, preparing to start both satellite sites for production during 2023, setting ourselves up for a grade-driven production increase. We continue to see exciting results from our exploration program across all assets and in particular at Panteon North at the Limon complex with continued high-grade intercepts outside of our 2021 resource estimates. During the quarter we published our 2021 ESG Sustainability Report demonstrating continued progress withing all aspects. Calibre remains committed to delivering positive and sustainable benefits to all stakeholders."
NCAUF

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06:26 EDT Newcore Gold announces results from column tests at Enchi Gold Project - Newcore Gold announced results from three additional column tests completed as part of the ongoing metallurgical program at the Company's 100%-owned Enchi Gold Project in Ghana. An average gold recovery of 92.4% was achieved from column testwork completed on two composite samples from the Sewum Gold Deposit and one composite sample from the Boin Gold Deposit. Highlights from Column Test Results Three Column Tests Completed, Average Gold Recovery of 92.4% Achieved. A total of three column tests returned an average gold recovery of 92.4%, with a recovery range of 89.0% to 98.6%. Testwork Further Advances the Understanding of Processing Options for Enchi. Testing completed on representative samples from diamond drill core. Coarser samples used better represent modelled crush size for heap leach processing. Larger sized samples used in the columns with each sample weighing 30 kg. Low Reagent Consumption. Coarser grind size compared to prior testing contributed to lower consumption for cyanide as well as lower required amounts of lime and cement per kilogram. All samples showed modest cyanide consumption with an average of 0.63 kilograms per tonne, with a 1.4 kg/t lime addition to maintain a pH above 10.5. Additional Metallurgical Testwork Planned. Optimization work to be completed on additional column tests. Further planned metallurgical work to consist of a bench-scale test to be completed in the field on the Project. Testing of sulphide mineralization to be completed in 2023.
LGDTF GSV

Hot Stocks

06:24 EDT Liberty Gold appoints Jason Attew as president, CEO - Liberty Gold (LGDTF) announced that Mr. Jason Attew has been appointed President and CEO and Director of the Company, effective October 11, 2022. Mr. Attew succeeds Cal Everett, who will be retiring from his role as President and CEO but will continue as an active and engaged member of the Board of Directors. Attew was most recently President and CEO of Gold Standard Ventures Corp. (GSV) Liberty Gold is also pleased to announce that Mr. Attew will be participating in a private placement as part of his commencement. Mr. Attew will purchase on a private-placement basis 759,494 common shares of the Company at a price of C$0.395 per Common Share, for total gross proceeds of C$300,000. Each Common Share is subject to a statutory 4-month hold from the date of issuance. The private placement is subject to the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and applicable securities regulatory authorities.
RDWR

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06:20 EDT Radware's DDoS protection services selected by Bilfinger - Radware announced that German industrial services provider Bilfinger SE has chosen Radware's DefensePro DDoS Protection and Cloud DDoS Protection Service to increase cyber defenses across its global hybrid IT infrastructure. Bilfinger employs more than 30,000 employees worldwide. The company turned to Radware to protect its infrastructure against DDoS attacks and evolving threats. Bilfinger is also working with Radware's Emergency Response Team.
CLCMF

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06:18 EDT Sinch launches KakaoTalk in Conversation API - Sinch announced it is adding the KakaoTalk channel to its Conversation API which allows enterprise businesses to engage in seamless omnichannel interactions with consumers anywhere in the world. With this latest addition, Sinch is expanding the number of channels enterprises can use to engage with their customers. These include SMS, RCS, WhatsApp, Viber Business, Facebook Messenger, among others - and now KakaoTalk.
RCKT

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06:18 EDT Rocket Pharmaceuticals to present lentiviral gene therapies at ESGCT Congress - Rocket Pharmaceuticals announced data presentations at the 29th Annual Congress of the European Society of Gene & Cell Therapy - ESGCT - in Edinburgh October 11-14. Presentations will include clinical data from Rocket's lentiviral vector-based gene therapy programs for Leukocyte Adhesion Deficiency-I or LAD-I, Fanconi Anemia or FA, and Pyruvate Kinase Deficiency or PKD. The poster and presentation include updated safety and efficacy data from the Phase 2 pivotal trial of RP-L102, Rocket's lentiviral gene therapy candidate for FA. At six months post-infusion, at least one additional patient has demonstrated early signs of engraftment, at levels similar to the five of nine evaluable patients who had increased bone marrow cell resistance to mitomycin-C, ranging from 51% to 94% at 18-24 months, and sustained greater than or equal to20% at consecutive timepoints post RP-L102 infusion. The patient tolerated induction chemotherapy and is currently in complete remission. The presence of RP-L102 mediated gene corrected hematopoietic cells may have facilitated the patient's tolerance of anti-cancer therapy. Regulatory filings continue to be anticipated in 2023. RP-L201 is Rocket's ex-vivo lentiviral gene therapy candidate for the treatment of severe LAD-I. Observed 100% overall survival at 12 months post-infusion and a statistically significant reduction in all hospitalizations, infection- and inflammatory-related hospitalizations and prolonged hospitalizations for all nine LAD-I patients with three to 24 months of available follow-up. The safety profile of RP-L201 has been highly favorable in all patients with no RP-L201-related serious adverse events to date. Rocket has initiated discussions with the FDA and anticipates regulatory filings in the first half of 2023. A poster and presentation include previously disclosed safety and efficacy data from the Phase 1 trial of RP-L301, Rocket's ex-vivo lentiviral gene therapy candidate for the treatment of PKD. At 18 months post-infusion, both adult patients have sustained transgene expression, normalized hemoglobin, improved hemolysis, no red blood cell transfusion requirements post-engraftment and improved quality of life both reported anecdotally and as documented via formal quality of life assessments. The safety profile of RP-L301 appears favorable, with no IP-related serious adverse events 18 months post-infusion. Pediatric patients are currently being enrolled and treated.
AZN

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06:15 EDT AstraZeneca's Alexion to present new data on advancement in treating NMOSD - The company states: "Alexion, AstraZeneca Rare Disease, will present new data showing significant advances for the treatment of anti-aquaporin-4, AQP4, antibody-positive neuromyelitis optica spectrum disorder, NMOSD, at the European Committee for Treatment and Research in Multiple Sclerosis Congress, 26 to 28 October 2022. Data presented at the meeting will feature new insights from Alexion's complement portfolio illustrating the critical role of C5 inhibition in treating AQP4 Ab+ NMOSD and significantly reducing the risk of relapses, including findings on the first and only long-acting C5 complement inhibitor, Ultomiris." Reference Link
BDSX

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06:12 EDT Biodesix to present data on Nodify lung nodule test at CHEST 2022 meeting - Biodesix announced that three data presentations will occur at the CHEST 2022 Annual Meeting. Presentations will include a sub-group analysis of data from the post-market, prospective, real-world ORACLE study demonstrating that the Nodify XL2 test has equivalent performance in identifying patients with benign nodules discovered through lung cancer screening programs, compared to those discovered incidentally through medical imaging for unrelated diagnostic purposes. This prospectively collected data reinforces the potential of the Nodify XL2 test to identify high-risk individuals participating in lung cancer screening who have a likely-benign lung nodule and can avoid an unnecessary invasive biopsy. ORACLE Study Principal Investigator Michael Pritchett reviewed the test's ability to identify benign lung nodules from patients who had a newly identified, 8-30 mm lung nodule discovered incidentally or through a lung cancer screening program. The results demonstrate that the Nodify XL2 test did not differ between the two populations, maintaining a high sensitivity and negative predictive value. Jonathan Kurman, MD, reviewed 110 patients with 8-30 mm lung nodules receiving Nodify Lung testing to assess the reclassification rates from intermediate into high or very low groups. Approximately one-third of all patients were reclassified into the high or very low risk group, further informing diagnostic decisions. Kurman will present a sub-group analysis from the ORACLE study assessing the performance of the Nodify XL2 proteomic test in identifying benign lung nodules across nodule size groups. The results demonstrate that the performance of the test is similar across size groups with high sensitivity and NPV as previously reported in the PANOPTIC clinical study identifying patients who may benefit from CT surveillance independent of nodule size.
TORXF

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06:12 EDT Torex Gold Resources reports Q3 gold production of 122,200 ounces - Torex Gold Resources reports Q3 2022 gold production of 122,200 ounces for the quarter ended September 30, 2022 from its El Limon Guajes mining complex in Mexico. With 357,830 ounces produced through the end of the third quarter, the Company is tracking towards the upper end of 2022 production guidance of 430,000 to 470,000 ounces. During the quarter, Torex sold 119,830 ounces of gold, resulting in year-to-date gold sales of 351,200 ounces. Jody Kuzenko, President & CEO of Torex, stated: "We delivered another quarter of solid operational results with gold production of 122,200 ounces, driven largely by excellent mill performance with throughput averaging more than 13,000 tonnes per day , record-setting gold recoveries of close to 90%, and sustained elevated underground mining rates at 1,550 tpd. With 357,830 ounces of gold produced year to date, we are well on track to deliver towards the upper end of 2022 production guidance, high end of total cash cost guidance and mid-point of all-in sustaining cost guidance. At ELG Underground, we completed the Portal #3 ramp to the existing reserve at depth and started exploration drilling. In addition, raise boring began with a view to completing ore pass construction in Q1 2023 to connect the upper levels to this new area - both of which are key to further optimizing and extending ELG Underground. In the open pit, waste stripping was prioritized in the quarter. Development activities at Media Luna continue to ramp-up with the procurement phase well underway and long lead earthworks progressing to plan. During the quarter, purchase orders were executed for the Guajes conveyor, regrind mills, and flotation cells. At the end of September, the Guajes Tunnel advanced 2,660 metres and South Portal Lower advanced 1,055 metres. Breakthrough of the Guajes Tunnel on the south side of the Balsas River remains on track with the Feasibility Study schedule of Q1 2024. Overall, we are well positioned to close out 2022 exactly as we planned, delivering on full year guidance for the fourth year in a row and carrying strong momentum on operations and project execution into 2023."
COIN

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06:09 EDT nxyz raises $40M Series A led by Paradigm - nxyz emerged from stealth and announced a $40M Series A led by Paradigm, with participation from Coinbase Ventures, Greylock Partners, Sequoia Capital, and prominent web3 angels like Balaji Srinivasan, Jaynti Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee, Ryan Selkis, and others. Co-founder Sridhar Ramaswamy will become CEO, while staying in his role as CEO of user-first, private search engine Neeva. The funds will be used to expand nxyz's team, build robust support across emerging use cases, and expand across different chains. nxyz aims to empower a new generation of builders, creatives, and entrepreneurs to develop a better internet by providing fast, flexible, and reliable blockchain indexing and data infrastructure. Spun out of Neeva, nxyz ingests data directly from blockchains and their associated applications in real-time, giving developers a performant API suite to easily use blockchain data. With this funding, nxyz will expand its team globally across engineering and partnerships and onboard several more blockchains in the coming months. nxyz has team members in Mountain View, Austin, and New York.
GNL

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06:08 EDT Global Net Lease provides update on leases in Q3 - Global Net Lease announced that in the third quarter it executed one new lease, one expanded lease, and two lease extensions. These leases, which are for properties located in the U.S. and UK, have a new weighted-average remaining lease term of 9.1 years, an increase of almost four years compared to the old lease term. Year-to-date, GNL has signed new, renewed or expansion leases totaling 3.6M square feet with a weighted-average remaining lease term of 9.4 years which increases the amount of straight-line rent these tenants are required to pay by approximately $1M based, in part, on existing exchange rates for the leases with tenants in the UK and Europe. The leases signed in 2022 are for properties the company owns in the U.S., UK, France and the Netherlands and include investment-grade tenants such as the US Government, the State of Indiana, FedEx, and Whirlpool.
NSTG

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06:06 EDT NanoString announces publication on CosMx SMI chemistry - NanoString Technologies announced the publication of its first paper describing the CosMx Spatial Molecular Imager's chemistry, reproducibility, and sensitivity, as well as the application of the technology to study non-small cell lung cancer and breast cancer samples in Nature Biotechnology. The paper, entitled High-plex imaging of RNA and proteins at subcellular resolution in fixed tissue by spatial molecular imaging, was led by Joseph Beechem, Ph.D., chief scientific officer, NanoString. The team profiled multi-omic data of RNAs and proteins at subcellular resolution using formalin-fixed paraffin-embedded non-small cell lung and breast cancer tissues. Over 18 distinct cell types, 10 unique tumor microenvironments, and 100 pairwise ligand-receptor interactions were discovered. CosMx SMI is the newest product in the company's industry-leading spatial analysis tools portfolio, joining the GeoMx Digital Spatial Profiler. The GeoMx DSP is a fully-automated spatial profiler with an installed base of more than 300 systems as of June 30, 2022. The GeoMx DSP allows multi-cellular analysis of all the genes in the transcriptome for both human and mouse applications; both platforms are also customizable for other species. The CosMx SMI compliments GeoMx, extending experiments to single cell and subcellular resolution across the entire tissue section. In addition, both CosMx and GeoMx are compatible with the AtoMx Spatial Informatics Portal, a cloud-based informatics platform that will provide an integrated ecosystem with streamlined workflows to manage, analyze and share spatial biology data. The commercial CosMx SMI instruments are expected to ship later this year. In the meantime, researchers can apply the power of SMI to their tissue samples through the SMI Technology Access Program service provided by NanoString.
LIZI

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06:06 EDT Lizhi receives minimum bid price notification from Nasdaq - Lizhi has received a written notification from Nasdaq's Listing Qualifications Department indicating that for the last 30 consecutive business days, the closing bid price of the company's ADSs was below the minimum bid price of $1.00 per share. The Nasdaq notification letter has no current effect on the listing or trading of the company's ADSs on Nasdaq. The company is provided with a compliance period of 180 calendar days, or until April 10, 2023, to regain compliance. The company may be eligible for an additional 180-day compliance period if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards, with the exception of the bid price requirement, and provides written notice of its intention to cure the deficiency. The Nasdaq notification letter does not affect the company's business operations.
CSCO MSFT

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06:06 EDT Cisco, Microsoft announce partnership for meeting room devices - Cisco (CSCO) and Microsoft (MSFT) announced at Microsoft's annual Ignite conference a new partnership. In the first half of 2023, Cisco and Microsoft will soon offer the ability to run Microsoft Teams natively on Cisco Room and Desk devices Certified for Microsoft Teams, with the option of Teams as the default experience. Cisco will become a partner in the Certified for Microsoft Teams program for the first time. Initially, six of Cisco's most popular meeting devices and three peripherals will be certified for Teams, with more to come.
BLK

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06:04 EDT Cachematrix by BlackRock launches mobile app for liquidity investors - Cachematrix announced clients of the Cachematrix by BlackRock portal will now be able to access the liquidity marketplace via a mobile application. Leveraging Cachematrix's decades of experience integrating with treasury management, bank and custody systems, Cachematrix by BlackRock will now offer its users a multichannel experience, providing real time monitoring of clients' accounts with the convenience of mobile access.
BBLN

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06:04 EDT Babylon Holdings to sell Meritage IPA assets in early 2023 - Babylon intends to divest Meritage Medical Network, a network of approximately 1,800 physicians providing physical care in California with over $400M in estimated 2022 revenue, in order to focus on its core business model through further investment in its digital-first contracts. Meritage delivers care through its network of independent physicians. Proceeds from the sale are expected to provide sufficient capital for Babylon's funding requirements through profitability. There is no change to the company's previous guidance on its expected time period to profitability. In the interim, Babylon remains committed to supporting Meritage through its ongoing growth and enrollment activities and clinical care delivery to its members. As part of Babylon's transition to U.S. domestic reporting company status, the Company will, beginning January 1, 2023, cease to file reports with the SEC as a foreign private issuer, and begin complying with the SEC reporting requirements for a domestic issuer. Babylon will report its Q4 and 2022 year-end results under U.S. GAAP. Babylon intends to collapse its two-class share structure into one, consisting entirely of Class A ordinary shares. Each Class B ordinary share is expected to be converted into one Class A ordinary share. This planned change will not be economically dilutive to any shareholder, and following the change, no shareholder will hold enhanced voting rights. Babylon's shareholders have approved a reverse share split, which is expected to take place during Q4, resulting in the company's outstanding shares being consolidated at a ratio within the approved range of 15:1 to 25:1. Additionally, the company plans to recruit and appoint additional independent members of its Board of Directors, unaffiliated with institutional shareholders, during the next 6 months.
CVNA

Hot Stocks

06:03 EDT Carvana rolls out co-signer financing in Yonkers - Carvana makes its vehicle financing qualification process even easier by offering Yonkers residents the ability to add a co-signer to buy the vehicle they love. By sharing responsibility for the vehicle loan, Carvana customers in Yonkers who qualify may unlock more attractive financing offers, including lower down payments, lower interest rates, or lower monthly payments.
BK

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06:02 EDT BNY Mellon launches new digital asset custody platform - BNY Mellon on Tuesday announced that its Digital Asset Custody platform is live in the U.S. "With select clients now able to hold and transfer bitcoin and ether, this milestone reinforces BNY Mellon's commitment to support client demand for a trusted provider of both traditional and digital asset servicing," the company said in a statement. "Touching more than 20% of the world's investable assets, BNY Mellon has the scale to reimagine financial markets through blockchain technology and digital assets," said Robin Vince, CEO and President at BNY Mellon. "We are excited to help drive the financial industry forward as we begin the next chapter in our innovation journey."
CVNA

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06:02 EDT Carvana rolls out co-signer financing in Buffalo - Carvana makes its vehicle financing qualification process even easier by offering Buffalo residents the ability to add a co-signer to buy the vehicle they love. By sharing responsibility for the vehicle loan, Carvana customers in Buffalo who qualify may unlock more attractive financing offers, including lower down payments, lower interest rates, or lower monthly payments.
CVNA

Hot Stocks

06:02 EDT Carvana rolls out co-signer financing in New York - Carvana makes its vehicle financing qualification process even easier by offering New York City residents the ability to add a co-signer to buy the vehicle they love. By sharing responsibility for the vehicle loan, Carvana customers in New York City who qualify may unlock more attractive financing offers, including lower down payments, lower interest rates, or lower monthly payments.
UXIN

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05:49 EDT Uxin announces one-for-ten ADS ratio change - Uxin announced that it plans to change the ratio of its American Depositary Shares, or ADSs, to Class A ordinary shares from one ADS representing three Class A ordinary shares to one ADS representing 30 Class A ordinary shares. This ratio change will have the same effect as a one-for-ten reverse ADS split for Uxin's ADSs holders. There will be no change to Uxin's underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with this ratio change. No action is required by holders of ADSs to effect the ratio change, as the change will be effected on the books of the ADS depositary. Following the ratio change, Uxin's ADSs will continue to be traded on Nasdaq.
RKLB

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05:47 EDT Rocket Lab announces arrival of Electron rocket at Launch Complex 2 in Virginia - Rocket Lab announced the Electron rocket to be launched in the company's first mission from U.S. soil has arrived at Launch Complex 2 in Virginia. The mission will deploy satellites for radio frequency geospatial analytics provider HawkEye 360 and will be Rocket Lab's first lift-off from Launch Complex 2 at Virginia Space's Mid-Atlantic Regional Spaceport within NASA's Wallops Flight Facility - a launch pad developed to support Electron missions from U.S. soil for government and commercial customers. Encouraged by NASA's recent progress in certifying its Autonomous Flight Termination Unit, or NAFTU, software, which is required to enable Electron launches from Virginia, Rocket Lab has scheduled the mission from Launch Complex 2 in December. With Electron now at Launch Complex 2, Rocket Lab will begin final launch preparations including a standard launch dress rehearsal and payload integration at Rocket Lab's dedicated Integration and Control Facility near the launch site.
EVFM

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05:45 EDT Evofem announces EVOGUARD trial did not achieve endpoints - Evofem announced that the recently completed Phase 3 EVOGUARD clinical trial evaluating EVO100 for the prevention of chlamydia and gonorrhea infection in women did not achieve its endpoints. The product safety profile was consistent with what has been observed in prior clinical trials, and only two women in the study discontinued due to adverse events. As previously reported, Evofem has experienced strong growth in net sales of Phexxi, as well as market access expansion, as payers and pharmacy benefit managers, or PBMs, continue to add Phexxi to their formularies, allowing women to fill their prescriptions immediately. At this time, the company will focus on continuing to meet the unmet contraceptive need of millions of women with Phexxi but will discontinue further investment in the development of this STI clinical program due to financial resources.
RHHBY

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05:40 EDT Genentech announces two-year data from JEWELFISH study evaluating Evrysdi - Genentech, a member of Roche, announced new two-year data from the JEWELFISH study evaluating Evrysdi in people with Type 1, 2 or 3 SMA aged six months to 60 years at time of enrollment. Patients had been previously treated with other approved or investigational SMA-targeting therapies, including nusinersen or onasemnogene abeparvovec. Data showed Evrysdi improved or maintained motor function and led to rapid increases in SMN protein levels which were sustained after two years of treatment. These data will be presented at the 27th World Muscle Society congress, October 11-15. The JEWELFISH study enrolled the broadest and most diverse patient population ever studied in an SMA trial. Of the 174 people enrolled, 36% (n=63) were adults, 63% had a Hammersmith Functional Motor Scale Expanded score of less than 10 at baseline, meaning their disease was very severe, and 83% had scoliosis. Forty-four percent of those enrolled had previously been treated with nusinersen, 41% with olesoxime, 8% with onasemnogene abeparvovec and 7% with RG7800. People with SMA are unable to produce enough survival motor neuron protein, leading to debilitating and potentially fatal muscle weakness. The study showed Evrysdi led to a two-fold increase in median SMN protein levels versus baseline after four weeks of treatment in all patient groups, irrespective of previous treatment. The SMN protein levels achieved after four weeks of treatment were maintained for over two years. Observed through exploratory efficacy endpoints, the study also suggests maintenance of motor function was sustained at two years of treatment as measured by change from baseline in Motor Function Measure 32, Revised Upper Limb Module and HFMSE total scores compared to the natural history of SMA in untreated patients. A recent survey conducted by patient advocacy group SMA Europe showed that more than 96% of people with SMA viewed disease stabilization as progress in terms of their expectations of treatment. The overall adverse event, or AE, and serious adverse event, or SAE, profiles observed with Evrysdi treatment in JEWELFISH were reflective of underlying disease. The rate of AEs decreased by more than 50% between the first and second six-month period, and then remained stable thereafter. The rate of SAEs, including pneumonia, decreased throughout the 24-month period, with a total reduction of more than 50% by the second year. The most common AEs were pyrexia, upper respiratory tract infection, headache, nasopharyngitis, diarrhea, nausea and cough. The most common SAEs were pneumonia, respiratory failure, respiratory distress, lower respiratory tract infection and upper respiratory tract infection. The most common AEs/SAEs were consistent with those observed in treatment-naive patients in our other three trials. Low rates of discontinuation from the study were observed, with a 5% rate per year over the 24-month period.
PHG

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05:33 EDT Philips sees Q3 group revenue EUR 4.3B - Philips provided an update on its third-quarter financial results and full-year outlook. The company will report the final results on October 24. Philips' financial performance in the third quarter was largely impacted by continued supply chain challenges that were more significant than anticipated in the quarter, impacting deliveries and customer installations. As a result, sales for the group are expected to be approximately EUR 4.3B with a comparable sales decline of approximately 5%. Philips' Diagnosis & Treatment businesses are expected to show a low-single-digit comparable sales decline and the Connected Care businesses a mid-teen decline, while the Personal Health businesses are expected to show mid-single-digit comparable sales growth. As a consequence of the lower sales, group adjusted EBITA for the quarter is expected to be approximately EUR 210M or approximately 5% of sales. On the back of 47% comparable order intake growth in the third quarter of last year, Philips' comparable order intake in the third quarter of 2022 declined approximately 6%. The book-to-bill ratio remained strong at 1.18 and the equipment order book grew further in the quarter. Philips expects to record a EUR 1.3B non-cash charge in the third quarter for the impairment of goodwill of its Sleep & Respiratory Care business due to revisions to the financial forecast of this business. The drivers for the revised forecast include current assumptions regarding the estimated impact of the proposed consent decree and changes to the pre-tax discount rate. Philips is accelerating productivity initiatives and other actions to mitigate the ongoing headwinds, that will be further detailed on October 24. As a consequence of the earlier announced initiative to enhance productivity in R&D by shifting the focus to fewer and better resourced projects in the innovation pipeline, Philips expects to record a non-cash charge in the third quarter of approximately EUR 165M. Looking ahead, Philips still expects a better second half of the year, compared to the first half of 2022. However, the company sees prolonged supply chain disruptions and a worsening macro-environment. Consequently, Philips now expects a mid-single-digit comparable sales decline for the fourth quarter with a high-single-to-double-digit adjusted EBITA margin range.
GRIN

Hot Stocks

05:28 EDT Grindrod enters $21.00 per share transaction implementation agreement with TMI - Grindrod Shipping announced that it entered into a transaction implementation agreement among the company, Taylor Maritime Investments, or TMI, and Good Falkirk, a wholly-owned subsidiary of TMI, providing for a voluntary conditional cash offer to be made by the offeror for all of the issued ordinary shares in the capital of the company. Under the terms of the offer, shareholders of the company will be entitled to receive the offer price of $21.00 in cash for each share tendered in the offer. Under the terms of the implementation agreement, subject to the conditions to the offer being satisfied as of the expiration time of the offer, the company has agreed to declare and pay a special dividend of $5.00 per share to Grindrod Shareholders that hold shares as of a dividend record date to be established by the board. If the conditions to the offer are not satisfied as of the expiration time of the offer, subject to the rules of the Johannesburg Stock Exchange no special dividend will be paid by the company. Under the terms of the offer and the implementation agreement, if the conditions to the offer are satisfied as of the expiration time of the offer, Grindrod shareholders who have validly tendered their shares in accordance with the terms of the offer would therefore receive an aggregate transaction value of $26.00 per share, valuing the company's existing issued and to be issued ordinary share capital at approximately $506M on a fully diluted basis. As mandated by the Financial Surveillance Department of the South African Reserve Bank, Grindrod shareholders holding their Shares on the JSE will receive their offer consideration in the equivalent amount of South African Rand. The South African Rand to U.S. Dollar exchange rate to be applied to determine the amount of South African Rand will be set out in the formal offer documentation to be issued in respect of the offer. The transaction value of $26.00 per share represents a 26.8% premium to the last traded price per share on August 26, being the last full day of trading in the shares on Nasdaq preceding the filing of the Schedule 13D Amendment disclosing that TMI, the offeror and the company had entered into a letter of intent with respect to the offer. The transaction Value also represents 36.8%, 30.8%, 14.7%, and 19.4% premia to the 30-day, 60-day, 90-day, and 180-day volume weighted average prices, respectively, prior to August 26. The offer in cash provides an immediate and certain exit opportunity for Grindrod Shareholders at an attractive premium to the company's undisturbed share price at a time of significant market volatility and economic uncertainty.
ESLT

Hot Stocks

05:20 EDT Elbit Systems awarded $107M ENVG-B Army order - Elbit Systems announced that its U.S. subsidiary, Elbit Systems of America, was awarded an order valued at approximately $107M for the supply of Enhanced Night Vision Goggle - Binocular, or ENVG-B, systems, spare parts, logistics support, and test equipment, for the U.S. Army. The order will be executed in Roanoke, Virginia and will be supplied during the years 2023 and 2024. This order is part of an Other Transaction Authority, or OTA, contract that Elbit Systems of America received in 2020, with a potential value that could reach a maximum of $442M. The ENVG-B integrates powerful night vision capabilities and head-up situational awareness. ENVG-Bs are equipped with high performance white phosphor image intensifier tubes for better scene contrast providing soldiers better situational awareness in the dark, but also when there is fog, dust, or smoke. The ENVG-B system includes a wireless connection to soldiers' rifle-mounted thermal weapon site and augmented reality overlay, enabling rapid target acquisition and improved situational awareness in various battlefield conditions.
SGMO

Hot Stocks

05:16 EDT Sangamo announces updated preliminary STAAR study results - Sangamo announced updated preliminary results from the Phase 1/2 STAAR clinical study evaluating isaralgagene civaparvovec, or ST-920, a wholly owned gene therapy product candidate for the treatment of Fabry disease. These latest data show that, as of the July 21 cutoff date, the investigational treatment continued to be generally well tolerated, with no treatment-related serious adverse events. The nine patients in the dose escalation phase exhibited elevated alpha-galactosidase A, or a-Gal A, activity, sustained for up to 23 months for the patient with the longest follow-up. These updated data will be shared via an oral presentation at the 29th Congress of the European Society of Gene & Cell Therapy. These data are also available on Sangamo's website on the Events & Presentations page. As of the cutoff date, all nine patients treated in the dose escalation phase across the four dose cohorts, sustained elevated a-Gal A activity ranging from nearly 2-fold to 30-fold of mean normal at the last date of measurement. In Cohort 1, patient 1 a-Gal A activity was 30.4-fold of mean normal at Month 23. Patient 2 a-Gal A activity was 1.9-fold of mean normal at Month 18. In Cohort 2, Patient 3 a-Gal A activity was 3.7-fold of mean normal at Month 16. Patient 4 a-Gal A activity was 7.9-fold of mean normal at Month 12. In Cohort 3, Patient 5 a-Gal A activity was 14.7-fold of mean normal at Week 35. Patient 6 a-Gal A activity was 4.8-fold of mean normal at Week 26. Patient 7 a-Gal A activity measured at ERT trough was 8.4-fold of mean normal at Week 12. In Cohort 4, Patient 8 a-Gal A activity was 5.4-fold of mean normal at Week 16. Patient 9 a-Gal A activity was 9.0-fold of mean normal at Week 14. As of the cutoff date, isaralgagene civaparvovec was generally well tolerated across four dose cohorts in the nine treated patients. All treatment-related adverse events were Grade 1, except for one instance of Grade 2 pyrexia. No treatment-related serious adverse events were reported. No patients have been treated with steroids, either prophylactically or reactively. The two patients with the most significant elevations in plasma globotriaosylsphingosine showed a 40%-55% reduction from baseline following treatment as of the cutoff date. Several patients experienced some increases in plasma lyso-Gb3 levels after ERT withdrawal. In these patients a-Gal A activity remained elevated, and no patients have resumed ERT. Since the cutoff date, the fifth and final patient in the dose escalation phase who started the study on ERT has been withdrawn from ERT. The Phase 1/2 STAAR study has transitioned into the expansion phase, with the first four expansion patients dosed, including the first female patient. Sangamo is currently planning for a potential Phase 3 clinical trial.
MSFT

Hot Stocks

05:10 EDT Microsoft, Mercedes-Benz collaborate to enhance vehicle production - Mercedes-Benz and Microsoft will collaborate to make vehicle production more efficient, resilient and sustainable. With the new MO360 Data Platform, Mercedes-Benz is connecting its around 30 passenger car plants worldwide to the Microsoft Cloud. The MO360 Data Platform is the evolution of Mercedes-Benz' digital production ecosystem MO360 and allows teams to identify potential supply chain bottlenecks faster and enable a prioritization of production resources toward electric and top-end vehicles. This unified data platform is standardized on Microsoft Azure, providing Mercedes-Benz with flexibility and cloud computing power to run AI and analytics at global scale while addressing cybersecurity and compliance standards across regions. The platform is already available to teams in EMEA and will be deployed in the United States and China.