Stockwinners Market Radar for November 14, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PDFS | Hot Stocks20:44 EST Montage Technology selects PDF Solutions' Exensio for semiconductor analytics - PDF Solutions "announced that Montage Technology selected PDF Solutions' Exensio Fabless as its semiconductor analytics platform. Exensio Fabless is designed with a powerful and flexible analytics environment, which PDF Solutions believes was a critical factor in the decision."
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RHHBY | Hot Stocks20:43 EST Roche gets FDA approval for VENTANA FOLR1 assay for ELAHERE treatment - The company states: "Roche announced the FDA approval of the VENTANA FOLR1 RxDx Assay, the first immunohistochemistry companion diagnostic test to aid in identifying epithelial ovarian cancer patients who are eligible for targeted treatment with ELAHERE. ELAHERE is a first-in-class antibody-drug conjugate therapy developed by ImmunoGen, Inc., approved under FDA's Accelerated Approval program for the treatment of FR-positive platinum-resistant ovarian cancer. The approval is based on the results of the SORAYA clinical study.4 In the study, approximately 35% of ovarian cancer patients expressed high levels of FRalpha and were considered FRalpha-positive by the VENTANA FOLR1 RxDx Assay. Of the FRalpha-positive patients, about 32 percent demonstrated a partial or complete response to ELAHERE therapy."
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MUR | Hot Stocks19:10 EST Murphy Oil CEO Jenkins sells 150,000 common shares - In a regulatory filing, Murphy Oil president and CEO Roger Jenkins disclosed the sale of 150,000 common shares of the company on November 11 at a price of $50.5241 per share.
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OPEN | Hot Stocks19:09 EST Opendoor Technologies director sells $8.9M in common stock - In a regulatory filing, Opendoor Technologies disclosed that its director Glenn Solomon sold 4.7M shares of common stock on November 9th in a total transaction size of $8.9M.
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FSRD | Hot Stocks19:03 EST Fast Radius establishes timeline for Chapter 11 sale process - Fast Radius received approval from the United States Bankruptcy Court for the District of Delaware for its proposed sale and marketing procedures, including a bid deadline of December 5, 2022. The company is in active discussions with one or more potential partners and continues to explore and evaluate strategic alternatives, including from newly interested parties. "We are pleased to have received approval of the bid procedures. This allows us to finish marketing our business and our first-of-its-kind Cloud Manufacturing Platform on an expedited timeline while continuing to serve our customers without interruption," said Lou Rassey, Co-Founder and CEO of Fast Radius. "We are excited to continue existing discussions and initiate new ones with potential strategic investors, partners and acquirers as we move through this process."
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BBWI... | Hot Stocks18:42 EST Third Point buys TJX, exits Cenovus Energy in Q3 - Third Point disclosed in an SEC filing its holdings as of September 30, 2022. The fund's nine new buys during the third quarter included, by size of position, Bath & Body Works (BBWI), TJX (TJX), Range Resources (RRC), Ferguson (FERG), and Take-Two (TTWO). Third Point exited nine holdings during the quarter, including by size of previous position Cenovus Energy (CVE), Crown Holdings (CCK), Archaea Energy (LFG), Membership Collective (MCG), and Social Leverage Acquisition Corp. I (SLAC). The fund increased its stake in five holdings, including by size of previous position Colgate-Palmolive (CL), Danaher (DHR), UnitedHealth (UNH), Disney (DIS), and T-Mobile (TMUS). Third Point reduced its stake in ten holdings, including by size of previous position EQT Corp. (EQT), Antero Resources (AR), Ovintiv (OVV), CSX (CSX), and DuPont (DD). The fund's top holdings as of September 30, in order of size, were Colgate-Palmolive, PG&E (PCG), Danaher, UnitedHealth, and Bath & Body Works.
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BKR | Hot Stocks18:06 EST Baker Hughes director Brenneman sells 85,000 class A shares - In a regulatory filing, Baker Hughes director Gregory Brenneman disclosed the sale of 85,000 class A common shares of the company on November 11 at a price of $31.231 per share.
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CRS | Hot Stocks17:57 EST Carpenter Technology to raise base prices on Specialty Alloy Portfolio by 7%-12% - Carpenter Technology "announced that it will increase base prices by an average of seven percent to twelve percent on new, non-contract orders across the majority of its premium products. The increases will be effective with new orders placed after November 15, 2022. All applicable surcharges will remain in effect."
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SEMR | Hot Stocks17:54 EST Semrush reports Q3 ARR up 33% y/y to $267M - Reports Q3 with "more than 94,000 paying customers as of September 30, 2022, up more than 17% from a year ago."
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DASH | Hot Stocks17:52 EST User reports indicate problems at DoorDash, Downdetector says - Reference Link
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ODFL | Hot Stocks17:45 EST Chairman of Old Dominion David Congdon sells over $10M in company shares - Chairman of Old Dominion Freight Line David Congdon disclosed ina regulatory filing that he had sold 32,000 shares of company stock at $313.95 per share on November 11, for a total transaction amount of $10,046,294.
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SLF | Hot Stocks17:44 EST Sun Life names Tom Murphy chief risk officer - Sun Life announced the appointment of Tom Murphy as Executive Vice-President and Chief Risk Officer, effective December 1, 2022. Tom is currently President of Fixed Income and Head of Institutional Business for SLC Management, Sun Life's alternatives asset manager. "We're excited to have Tom join Sun Life's Executive Team as our Chief Risk Officer. Tom's global depth of knowledge and experience, particularly in asset management and the pension space, will be a tremendous asset to his new role," said Kevin Strain, President and CEO of Sun Life. "Sun Life's approach to prudent risk management has always been a pillar of our success and having Tom leading and taking a fresh look at these efforts will serve our company well."
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GSHD | Hot Stocks17:40 EST Goosehead Insurance CFO Jones sells approximately 85K shares of stock - CFO of Goosehead Insurance Mark Jones sold 84,913 shares of company stock at $40.93 per share between November 10 through November 11 for a total transaction amount of $3,475,70.
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DENN | Hot Stocks17:34 EST Denny's director sells $2.24M in common stock - In a regulatory filing, Denny's disclosed that its director John Miller sold 185K shares of common stock on November 9th in a total transaction size of $2.24M.
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GETY | Hot Stocks17:28 EST Getty Images falls 18% to $5.70 after Q3 earnings miss
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GOOG... | Hot Stocks17:27 EST Google debuts Health Connect beta, supports Peloton, Oura, WeightWatchers apps - "We are now making the Health Connect (Beta) app available for download in Google Play (GOOG, GOOGL) to give users a central place to manage their privacy settings with granular controls to see which apps have access to data at any given time. "Today, 10+ health, fitness and wellness apps are rolling out integrations with the platform including early adopters of Health Connect like MyFitnessPal, Oura and Peloton (PTON)...In the past, developers had to establish multiple API connections to share data between different apps and each integration was costly to build and maintain. This limited developers' data sharing capabilities and made it hard for users to unlock this data so that it could be utilized in different apps. Now, with Health Connect, building an integration with a new app is as simple as reading in new data from Health Connect, rather than building a whole new integration. For example, Android users will now be able to sync and get credit for their Peloton workouts in apps like Oura, MyFitnessPal, WeightWatchers (WW) and Lifesum. Now, through a single integration with Health Connect, Peloton Members will have the option to share their workout stats across the ecosystem of apps they use to support their overall wellness," wrote Sara Hamilton, Developer Relations, in part, on the on the Android Developers Blog for Google. Reference Link
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SHLS | Hot Stocks17:27 EST Shoals Technologies jumps 16% to $26.10 after Q3 earnings beat
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WIX... | Hot Stocks17:26 EST Starboard takes stake in Wix.com, exits Elanco Animal Health - Jeffrey Smith's Starboard Value disclosed in an SEC filing its holdings as of September 30, 2022. Starboard's five new buys during the quarter included, by size of position, Wix.com (WIX), Selina Hospitality (SLNA), Monterey Capital Acquisition Corp (MCAC), and Acri Capital Acquisition Corp (ACAC). Starboard exited eleven positions during the quarter, including by size of previous position, Elanco Animal Health (ELAN), Corteva (CTVA), Merit Medical Systems (MMSI), Kohl's (KSS), and GigCapital5 (GIA). Starboard increased its stake in three holdings, including by size of previous position, Atlantic Coastal Acquisition (ACAH) and Legato Merger Corp II (LGTO). Starboard reduced its stake in ten holdings, including by size of previous position, ON Semiconductor (ON), Huntsman (HUN), ACI Worldwide (ACIW), Mercury Systems (MRCY), and CommVault Systems (CVLT). Starboard's top holdings as of September 30, in order of size, were GoDaddy (GDDY), Aecom (ACM), Humana (HUM), Willis Towers Watson (WTW), and Gen Digital (GEN).
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TSM | Hot Stocks17:26 EST TSMC jumps 7% to $77.91 after Berkshire Hathaway disclosed added stake
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CFMS | Hot Stocks17:20 EST Conformis enters settlement, license agreement with Medacta USA - Conformis announced that it has entered into a settlement and license agreement with Medacta USA, Medacta Germany GmbH, and Medacta International SA that resolves all patent disputes between the companies. Under the terms of the settlement, Medacta will receive a non-exclusive license to certain Conformis patents related to patient-specific instrumentation for use with off-the-shelf knee and shoulder implants.
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KULR | Hot Stocks17:18 EST KULR Technology enters pact to provide ISC device to autonomies manufacturer - KULR Technology announced that it has entered into an agreement to provide its internal short circuit, or ISC, battery safety and testing device to the largest automotive manufacturer in the United States.
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HZNP... | Hot Stocks17:17 EST Paulson adds Rumble, exits Occidental in Q3 - John Paulson's Paulson & Co. disclosed in an SEC filing its holdings as of September 30, 2022. The fund's three new buys during the third quarter included Rumble (RMBL). Paulson exited seven holdings during the quarter, including by size of previous position Occidental (OXY), Pacira BioSciences (PCRX), and Endo (ENDP). The fund decreased its stake in nine holdings, including by size of previous position Horizon Therapeutics (HZNP), APA Corp. (APA), Barrick Gold (GOLD), KraneShares CSI China Internet ETF (KWEB), and AngloGold Ashanti (AU). Paulson's top holdings as of September 30, in order of size, were Horizon Therapeutics (HZNP), Bausch Health (BHC), Brightsphere Investment (BSIG), Novagold Resources (NG), and KraneShares CSI China Internet ETF.
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SWIR... | Hot Stocks17:13 EST Soros Fund Management buys Sierra Wireless, exits Kinder Morgan in Q3 - George Soros' Soros Fund Management disclosed in an SEC filing its holdings as of September 30, 2022. The fund's 27 new buys during the third quarter included, by size of position, Sierra Wireless (SWIR), Booking Holdings (BKNG), Agree Realty Corp. (ADC), Sarepta (SRPT), and Union Pacific (UNP). Soros exited 25 holdings during the quarter, including by size of previous position Albertsons (ACI), Kinder Morgan (KMI), Opendoor (OPEN), Camping World (CWH), and Ross Stores (ROST). The fund increased its stake in 20 holdings, including by size of previous position BNY Mellon (BK), Disney (DIS), Uber (UBER), Atlassian (TEAM), and Invesco QQQ Trust Series 1 (QQQ). Soros reduced its stake in 21 holdings, including by size of previous position Liberty Broadband Class C (LBRDK), DR Horton (DHI), Alphabet Class A (GOOGL), Analog Devices (ADI), and Starry Group (STRY). The fund's top holdings as of September 30, in order of size, were Rivian (RIVN), Amazon (AMZN), DR Horton, Aramark (ARMK), Bowlero Corp. Class A (BOWL).
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MGNI | Hot Stocks17:09 EST Magnite, Horizon Media announce multi-year deal - Magnite announced a multi-year deal with Horizon Media. The deal is an expansion of Magnite and Horizon Media's existing relationship, focusing on supply path optimization and encompasses Horizon Media's buys across all formats including CTV, online video, display, mobile and audio.
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LXRX | Hot Stocks17:07 EST Lexicon presents full results from RELIEF-DPN-1 trial - Lexicon announced that full results from the RELIEF-DPN-1 trial of its investigational drug LX9211 were presented at the 16th Annual Pain Therapeutics Summit in Washington, D.C. The oral presentation, titled "A Phase 2 Study to Evaluate the Efficacy, Safety, and Pharmacokinetics of LX9211 in the Treatment of Diabetic Peripheral Neuropathic Pain," was delivered at 3:35pm ET. The presentation of full data from the entire 11-week evaluation period, which included a five-week placebo run-off period following the initial six-week treatment period, showed consistent and statistically significant treatment-period benefits in measures of particular importance in painful diabetic neuropathy for both dose arms compared to placebo, such as a reductions in burning pain and interference of pain in sleep. During the blinded five-week placebo run-off period, there was a gradual tapering of efficacy in both treatment arms with no evidence of rebound pain or withdrawal symptoms. There were no observed differences in treatment-emergent adverse events between the treatment and placebo arms during the run-off period, and no drug-related serious adverse events or deaths were reported in the trial. In topline results previously reported in June 2022, LX9211 achieved the primary endpoint of the trial by demonstrating a statistically significant reduction from baseline in average daily pain score (ADPS) at week 6 compared to placebo in the low dose arm, and narrowly missed statistical significance in the high dose arm.
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SPGI | Hot Stocks17:04 EST S&P Global reaches settlement with SEC - S&P Global Ratings, a division of S&P Global, announced that it has reached a settlement with the U.S. Securities and Exchange Commission to resolve an SEC investigation involving the ratings assigned to a single residential mortgage-backed securities transaction in 2017. The matter was previously disclosed by S&P Global in its public filings. As part of the resolution, in which SPGR did not admit or deny the allegations, the company agreed to pay a penalty of $2.5M. In the SEC's order, the SEC acknowledged SPGR's remedial acts and its cooperation with the SEC staff. SPGR is pleased to have concluded this matter. SPGR takes compliance with regulatory obligations very seriously and is committed to the integrity of its ratings process and high-quality independent credit ratings.
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ONTX | Hot Stocks17:02 EST Onconova announce plans for trial of narazaciclib combined with letrozole - Onconova announced plans for a Phase 1/2a trial of narazaciclib combined with letrozole in recurrent metastatic low-grade endometrioid endometrial cancer, or LGEEC. Onconova expects to initiate a multi-center Phase 1/2a trial evaluating its multi-kinase inhibitor narazaciclib in combination with letrozole as a second- or third-line therapy for the treatment of recurrent metastatic LGEEC in 1Q23. Both narazaciclib and letrozole will be administered orally with a continuous daily dosing schedule in the trial, which will begin with a Phase 1 dose escalation phase before moving to a Phase 2 expansion cohort designed to enroll approximately 30 patients. The primary objective of the Phase 1 portion of the trial will be to evaluate safety, tolerability, pharmacokinetics and pharmacodynamics in order to determine a recommended Phase 2 dose of the combination. The primary objective of the Phase 2 portion will be to evaluate the efficacy of the combination at the RP2D, as measured by progression-free survival at 24 weeks. The estrogen/progesterone receptor status of participants will be recorded as part of an exploratory objective. The trial will be conducted at 6 to 10 sites in the United States. Initiation of the trial is expected in 1Q23. Preliminary data are expected in 4Q23.
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WTFC | Hot Stocks16:59 EST Wintrust to acquire two businesses from Rothschild & Co North America - Wintrust Financial and Rothschild & Co announced they have entered into an agreement for Wintrust to acquire two asset management businesses from Rothschild & Co North America. Wintrust's subsidiary, Great Lakes Advisors, agreed to purchase Rothschild & Co Asset Management US Inc. and Rothschild & Co Risk Based Investments, investment managers with approximately $8B in assets under management specializing in equity investment strategies for institutional, intermediary and other clients. Upon completion of the transaction, Rothschild & Co Asset Management U.S. will merge into and operate the business as Great Lakes Advisors. The terms of the transaction are not being disclosed. The transaction is expected to be completed early in the first quarter of 2023, subject to certain closing conditions.
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DUOT | Hot Stocks16:58 EST Duos Technologies Group appoints Andrew Murphy CFO - Duos Technologies Group announced the appointment of Andrew Murphy, formerly Company Vice President of Finance, as its new Chief Financial Officer, effective November 15. In conjunction with the Company's succession plan, former CFO Adrian Goldfarb will remain with Duos in a consulting capacity to ensure a smooth transition process and will take on a new position within Duos' newly formed Industry Advisory Group. Murphy will be taking on the CFO role after joining Duos in 2020 to support commercial and financial objectives. He initially served on the commercial team to support new project bids while also further building out the Company's corporate finance strategy. Murphy has over 16 years of accounting and finance experience including spending nearly five years working in the finance and investor relations teams during APR Energy's time listed on the London Stock Exchange. Prior to joining Duos, Murphy held progressively senior finance roles within APR Energy in which he oversaw the pricing & risk management efforts for more than $800 million in new business as well as asset transactions across the globe. Prior to his time with APR, Murphy held roles in corporate accounting as well as public accounting with a focus on tax and business services
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CRHC | Hot Stocks16:57 EST NYSE announces plans to suspend trading and delist Cohn Robbins - On November 10 the New York Stock Exchange issued a press release announcing that the staff of NYSE Regulation determined to suspend trading immediately and commence proceedings to delist the Class A ordinary shares, warrants and units of Cohn Robbins Holdings because the Company is not in compliance with the NYSE's continued listing standard requiring a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly-held shares over a consecutive 30 trading day period of at least $40,000,000. On November 10 the NYSE notified the Company in writing of the determination to suspend trading and commence proceedings. The Company has the right to a review of NYSE Regulation's determination by a Committee of the Board of Directors of the NYSE, and the NYSE will apply to the SEC to delist the Company Securities upon completion of all application procedures, including any appeal by the Company of NYSE Regulation's determination. The Company will consider all of its options, including its option to pursue a review, in responding to the NYSE notification.
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FUV | Hot Stocks16:56 EST Arcimoto receives board approval to effect one-for-20 reverse stock split - Arcimoto announced that it will effect a one-for-20 reverse stock split of its common stock, no par value, that will become effective on November 29 after the close of trading on Nasdaq. On November 30, the common Stock will begin trading on a post-reverse split basis on Nasdaq under the existing symbol (FUV). The reverse split is primarily intended to bring Arcimoto into compliance with the minimum bid price requirement for maintaining its listing on Nasdaq. The new CUSIP number for the common stock following the reverse split will be 039587209.
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AZTA | Hot Stocks16:56 EST Azenta jumps 33% to $62.07 after Q4 earnings beat and guidance
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INTC... | Hot Stocks16:54 EST Greenlight takes new stake in Intel, exits position in Atlas Air - David Einhorn's Greenlight Capital disclosed in an SEC filing its holdings as of September 30, 2022. Greenlight's two new buys during the quarter included, by size of position, Intel (INTC). Greenlight exited seven positions during the quarter, including by size of previous position, Atlas Air (AAWW), Chemours (CC), International Seaways (INSW), Plby Group (PLBY), and AST SpaceMobile (ASTS). Greenlight increased its stake in nine holdings, including by size of previous position, Consol Energy (CEIX), LivaNova (LIVN), Southwestern Energy (SWN), KynDryl Holdings (KD), and Concentrix (CNXC). Greenlight reduced its stake in six holdings, including by size of previous position, Global Payments (GPN), Victoria's Secret (VSCO), Brighthouse Financial (BHF), and Green Brick Partners (GRBK). Greenlight 's top holdings as of September 30, in order of size, were Green Brick, Brighthouse, Consol Energy, Teck Resources (TECK), and Kyndryl Holdings.
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PG... | Hot Stocks16:54 EST Nelson Peltz's Trian boosts P&G, cuts Ferguson in Q3 - Nelson Peltz's Trian Fund Management disclosed in an SEC filing its holdings as of September 30, 2022. The fund increased its stake in two holdings during the third quarter, including by size of previous position Procter & Gamble (PG) and General Electric (GE). Trian decreased its stake in two holdings, including by size of previous position Ferguson (FERG) and Sysco (SYY). The fund's top holdings as of September 30, in order of size, were Ferguson, Invesco (IVZ), Janus Henderson (JHG), Sysco, and Wendy's (WEN).
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EGY | Hot Stocks16:52 EST Vaalco Energy promotes Thor Pruckl to COO - Vaalco Energy announced the promotion of Thor Pruckl to chief operating officer. Pruckl has over 30 years of international and domestic development, exploration, production and midstream experience in both onshore and offshore energy operations.
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INTC... | Hot Stocks16:50 EST Pershing Square take new stake in Intel, exits position in Atlas Air - Bill Ackman's Pershing Square Capital Management disclosed in an SEC filing its holdings as of September 30, 2022. Pershing Square's two new buys during the quarter included, by size of position, Intel (INTC). Pershing Square exited seven positions during the quarter, including by size of previous position, Atlas Air (AAWW), Chemours (CC), International Seaways (INSW), Plby Group (PLBY), and AST SpaceMobile (ASTS). Pershing Square increased its stake in nine holdings, including by size of previous position, Consol Energy (CEIX), LivaNova (LIVN), Southwestern Energy (SWN), KynDryl Holdings (KD), and Concentrix (CNXC). Pershing Square reduced its stake in six holdings, including by size of previous position, Global Payments (GPN), Victoria's Secret (VSCO), Brighthouse Financial (BHF), and Green Brick Partners (GRBK). Pershing Square's top holdings as of September 30, in order of size, were Green Brick, Brighthouse, Consol Energy, Teck Resources (TECK), and Kyndryl Holdings.
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GOLF | Hot Stocks16:43 EST Acushnet Holdings exec Pelisek sells 17,209 common shares - In a regulatory filing, Acushnet Holdings president, Titleist Golf Clubs, Steven Francis Pelisek disclosed the sale of 17,209 common shares of the company on November 10 at a price of $44.92 per share.
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TFPM... | Hot Stocks16:40 EST Elliott made Triple Flag Precious Metals top holding during Q3 - Paul Singer's Elliott Management disclosed in an SEC filing its holdings as of September 30, 2022. The fund made five new during Q3: Triple Flag Precious Metals (TFPM), iShares iBoxx $ Investment Grade Corporate Bond (LQD), Cardinal Health (CAH), Clarivate (CLVT) and Bausch Health (BHC). Elliott exited three positions during the quarter, including Diamond Offshore (DO) and Principal Financial (PFG). The fund increased its stake in three holdings: Pinterest (PINS), Valaris (VAL) and E2open (ETWO). It decreased its stake in two holdings: Howmet Aerospace (HWM) and Uniti Group (UNIT). Elliott's top holdings as of September 30, in order of size, were Triple Flag Precious Metals, Howmet, Marathon Petroleum (MPC), Peabody Energy (BTU) and Pinterest.
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CCK... | Hot Stocks16:40 EST Icahn takes stake in Crown Holdings, reduces stake in Cheniere Energy - Carl Icahn disclosed in an SEC filing its holdings as of September 30, 2022. Icahn's two new buys during the quarter included, Crown Holdings (CCK). Icahn increased its stake in three holdings, including by size of previous position, Icahn Enterprises (IEP) and Southwest Gas Holdings (SWX). Icahn reduced its stake in one holding, Cheniere Energy (LNG). Icahn's top holdings as of September 30, in order of size, were Icahn Enterprises, CVR Energy (CVI), FirstEnergy (FE), Southwest Gas, and Newell Brands (NWL).
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IMGN | Hot Stocks16:34 EST ImmunoGen announces FDA accelerated approval of ELAHERE - ImmunoGen announced that the US Food and Drug Administration has granted accelerated approval for ELAHERE for the treatment of adult patients with folate receptor alpha-positive, platinum-resistant epithelial ovarian, fallopian tube, or primary peritoneal cancer, who have received one to three prior systemic treatment regimens. ELAHERE was approved under FDA's accelerated approval program based on objective response rate and duration of response data from the pivotal SORAYA trial. Continued approval may be contingent upon verification and description of clinical benefit in a confirmatory trial. ELAHERE is a first-in-class ADC directed against FRalpha, a cell-surface protein highly expressed in ovarian cancer, and is the first FDA approved ADC for platinum-resistant disease. "The approval of ELAHERE is significant for patients with FRalpha-positive platinum-resistant ovarian cancer, which is characterized by limited treatment options and poor outcomes," said Ursula Matulonis, MD, Chief of the Division of Gynecologic Oncology at the Dana-Farber Cancer Institute, Professor of Medicine at the Harvard Medical School, and SORAYA Co-Principal Investigator. "ELAHERE's impressive anti-tumor activity, durability of response, and overall tolerability observed in SORAYA demonstrate the benefit of this new therapeutic option, and I look forward to treating patients with ELAHERE."
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AMPS | Hot Stocks16:33 EST Altus Power closes acquisition of 88 MW in operating solar assets - Altus Power "announced that it has closed on the acquisition of approximately 88 megawatts of operating solar assets. These assets were purchased from D. E. Shaw Renewable Investments, under definitive agreements that were previously announced on September 27, 2022."
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PODD | Hot Stocks16:32 EST Insulet issues nationwide voluntary device correction for Omnipod 5 controller - Insulet "announced a Medical Device Correction for the Omnipod 5 Automated Insulin Delivery System because of an issue with the Omnipod 5 Controller charging port and cable. This does not impact the Omnipod 5 Pod, the Omnipod DASH Insulin Management System, the Omnipod Insulin Management System, or compatible Android smartphone devices that have the Omnipod 5 App installed. These actions are taken voluntarily with the knowledge of the FDA. Insulet has received 24 reports that the Omnipod 5 Controller charging port or cable are melting, deforming, or discoloring due to heat generated by a poor connection between the cable and the port. The excess heat may cause minor burns if those areas of the Controller are touched or could lead to fire. No serious injuries have been reported to Insulet as a result of this issue. "
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RGTI | Hot Stocks16:31 EST Rigetti Computing files for extension for its Q3 financial results - Rigetti Computing announced that it has filed for an extension for the filing of its Form 10-Q for the third quarter and nine months ended September 30, 2022, and provided business updates for the third quarter of 2022. The Company has filed a Form 12b-25 with the Securities and Exchange Commission to extend the filing deadline of the Company's Form 10-Q for the quarter ended September 30, 2022. The Company is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2022 within the prescribed time period as the necessary work, including the determination of all required adjustments and the corresponding impact on the financial statements to be included in the Company's financial statements for such periods and evaluation of its internal controls over financial reporting and disclosure controls and procedures, is ongoing.
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IBP | Hot Stocks16:31 EST Installed Building Products acquires Surface Purveyors - Installed Building Products "announced the acquisition of Surface Purveyors, LLC doing business as Lynch Insulation. Established in 1979, Lynch has locations in Missoula, MT and Hamilton, MT. Lynch primarily installs fiberglass and spray foam insulation into multifamily, residential, and commercial projects in Montana." With approximately $5 million of annual revenue, Lynch expands our presence in Montana," stated Jeff Edwards, CEO.
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XCUR | Hot Stocks16:30 EST Exicure Inc trading resumes
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ADSK... | Hot Stocks16:30 EST Lone Pine adds Autodesk stake, reduces Meta Platforms, Microsoft stakes - Stephen Mandel's Lone Pine Capital disclosed in an SEC filing its holdings as of September 30, 2022. Lone Pine's seven new buys during the quarter included, by size of position, Autodesk (ADSK), TransDigm (TDG), PTC (PTC), and Cheniere Energy (LNG). Lone Pine exited six positions during the quarter, including by size of previous position, ServiceNow (NOW), Alphabet (GOOGL), Atlassian (TEAM), Fair Isaac (FICO), and Vtex (VTEX). Lone Pine increased its stake in four holdings, including by size of previous position, PayPal (PYPL), UnitedHealth (UNH), and Booking Holdings (BKNG). Lone Pine reduced its stake in ten holdings, including by size of previous position, Meta Platforms (META), Microsoft (MSFT), Amazon (AMZN), Thermo Fisher Scientific (TMO), and First Citizens BancShares (FCNCA). Lone Pine's top holdings as of September 30, in order of size, were Workday (WDAY), Amazon, PayPal, Bath & Body Works (BBWI), and Microsoft.
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IAUX | Hot Stocks16:30 EST IAUX Stock trading resumes
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NLTX | Hot Stocks16:30 EST Neoleukin Therapeutics trading resumes
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RKLB | Hot Stocks16:28 EST Rocket Lab-launched CAPSTONE spacecraft enters lunar orbit - Rocket Lab is "celebrating the successful arrival of the Electron-launched, Photon-deployed CAPSTONE spacecraft to lunar orbit. Following an initial orbit insertion maneuver on Sunday, CAPSTONE will perform clean-up maneuvers over the next several days to complete insertion into its target orbit. CAPSTONE has been travelling in space for almost five months following a successful launch by Rocket Lab on June 28, 2022."
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BRK.A... | Hot Stocks16:27 EST Berkshire Hathaway adds TSMC, exits STORE Capital in Q3 - Warren Buffett's Berkshire Hathaway (BRK.A) disclosed in an SEC filing its holdings as of September 30, 2022. Berkshire's three new buys during the third quarter included, by size of position, TSMC (TSM), Louisiana-Pacific (LPX), and Jefferies Financial (JEF). The fund exited one holding during the quarter, namely STORE Capital (STOR). Berkshire increased its stake in five holdings, including by size of previous position Occidental (OXY), Chevron (CVX), RH (RH), Paramount Global Class B (PARA), and Celanese (CE). The fund decreased its stake in five holdings, including by size of previous position U.S. Bancorp (USB), Activision Blizzard (ATVI), BNY Mellon (BK), Kroger (KR), and General Motors (GM). The fund's top holdings as of September 30, in order of size, were Apple (AAPL), Bank of America (BAC), Chevron, Coca-Cola (KO), and American Express (AXP).
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IAUX | Hot Stocks16:25 EST i-80 GOLD reports results from four holes to follow up Hilltop Zone - -80 GOLD CORP. reported results from the first four holes drilled to follow-up the recently discovered Hilltop Zone that have confirmed high-grade, polymetallic CRD mineralization at the company's 100%-owned Ruby Hill Property located in Eureka County, Nevada. The discovery hole in the Upper Hilltop Zone returned an impressive 515.3 g/t Ag, 28.9 % Pb, 10.5 % Zn & 0.9 g/t Au over 28.3 m in hole iRH22-43. Results contained in this release are from the first four core holes drilled to follow-up this discovery and additional drilling is being completed in both the Upper and Lower Hilltop horizons with assays pending. The program at Ruby Hill has again been expanded to facilitate additional step-out drilling at this target. In addition to the Upper Horizon, drilling is testing the Lower Horizon where the initial hole intersected multiple zones of mineralization including 238.8 g/t Ag, 11.0 % Zn & 9.0 % Pb over 9.4 m and 469.5 g/t Ag, 11.8 % Zn & 18.2 % Pb over 2.1 m.
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GATO | Hot Stocks16:21 EST Gatos Silver names Ernst & Young as Auditor - Gatos Silver "announced the appointment of Ernst & Young LLP as independent registered public accounting firm of the Company, effective immediately. Gatos Silver selected EY based on their reputation and scale of international capabilities. EY is a well-respected top tier global accounting firm with a strong mining practice. The appointment of EY was approved by the Company's Board and Audit Committee."
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MANU | Hot Stocks16:21 EST Manchester United NFTs to be gifted to fans through Tezos-powered platform - Manchester United said that the first ever official Manchester United digital collectible will be gifted to fans by a Tezos-based platform as the Club launches a new Web3 community designed to "educate, reward and unite its global fan base through digital and real-world experiences." This initiative is powered by the Club's official blockchain, Tezos. These digital collectibles are a set of unique digital assets, commonly referred to as Non-Fungible Tokens, or NFTs. Ahead of their release, tutorials featuring the Club's Men's and Women's team will be shared on Club channels - part of an extensive suite of educational materials aimed at helping fans understand Web3 and how digital collectibles can benefit match-goers and international supporters alike.
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LCII | Hot Stocks16:19 EST Lippert acquires Way Interglobal, terms not disclosed - LCI Industries, through its wholly-owned subsidiary, Lippert Components, which supplies a broad array of highly engineered components for the leading original equipment manufacturers in the recreation and transportation product markets, and the related aftermarkets of those industries, announced that its subsidiary, Furrion LLC, has acquired substantially all of the business assets of Way Interglobal Network LLC. Way, headquartered in Elkhart, Indiana, designs, develops, and supplies innovative appliances and electronics to the RV Industry. The acquisition does not include Way's current power generator assets and operations. "With the addition of Way Interglobal and its associated brands to our core lineup of products, Lippert has now become one of the largest and most innovative appliance suppliers in the RV Industry," said Ryan Smith, Group President of Lippert's North American OEM businesses. Continued Smith, "Lippert will continue to push forward with innovation in this space with our combined resources, developing the products and solutions that our industry needs as we closely follow the ongoing trends of our markets."
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BARK | Hot Stocks16:18 EST Bark names Aarti Sharma as Chief People Officer - BARK "announced the appointment of Aarti Sharma as Chief People Officer, effective November 7, 2022. Ms. Sharma brings 20 years of leadership experience in human resources and people strategy and has supported the development of numerous high-growth, global technology companies. Most recently, Sharma served nine years as the Global Head of Human Resources at Cambium Networks where she built the HR infrastructure and tripled the organization's size. As part of Cambium Networks' executive team, she was also instrumental in preparing the Company for its IPO in 2019. Prior to Cambium Networks, she worked at multinational companies including Stryker Corporation, PricewaterhouseCoopers, and Wipro Technologies."
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AGBA | Hot Stocks16:17 EST AGBA Acquisition completes business combination with TAG Holdings - AGBA Acquisition Limited announced that it has completed its business combination with TAG Holdings Limited pursuant to the Business Combination Agreement, dated November 3, 2021, between it, TAG, and the other parties to the agreement. Through an acquisition merger, AGBA has become the 100% owner of the issued and outstanding securities of each of TAG International Limited and TAG Asia Capital Holdings Limited, each formerly wholly-owned subsidiaries of TAG. The business combination was approved by AGBA's shareholders at an extraordinary general meeting on November 10, 2022. The post-combination company has been renamed, "AGBA Group Holding Limited" and its ordinary shares and warrants are expected to begin trading on the Nasdaq Capital Market on November 15, 2022 under the ticker symbol "AGBA." Under its new name, AGBA will operate the TAG Business and its OnePlatform brand, which offers a full-service platform to banks, other financial institutions, brokers, and individual independent financial advisors to advise and serve its retail clients.
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AZTA | Hot Stocks16:17 EST Azenta approves $1.5B share repurchase program - The Company's Board of Directors has approved a share repurchase authorization of $1.5B in common stock. The Company intends to repurchase at least $1B in common stock over the next year, including an accelerated share repurchase program to repurchase approximately $500M in common stock. Azenta intends to enter into an ASR agreement in the coming days.
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HRZN | Hot Stocks16:16 EST Horizon Technology Finance announces completion of $158M securitization - Horizon Technology Finance Corporation announced that Horizon Funding Trust 2022-1, a newly-formed wholly-owned subsidiary of Horizon, has issued $100 million of Notes rated A by a rating agency and which is backed by $158 million of secured loans originated by Horizon. KeyBanc Capital Markets served as sole Placement Agent and Initial Purchaser of the Notes, and Horizon is the Sponsor, Seller and Servicer for the transaction. The Notes bear interest at a fixed interest rate of 7.56% per annum and have a stated maturity date of November 15, 2030. "We are pleased to successfully complete this transaction, which increases our overall capacity to originate new venture debt loans and positions us to further grow our portfolio," said Daniel R. Trolio, Executive Senior Vice President and Chief Financial Officer of Horizon. "With this new financing, we believe we are now in an even better position to deliver long-term value to our shareholders."
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KSS... | Hot Stocks16:15 EST Appaloosa exits positions in Kohl's, Occidental Petroleum, Micron - David Tepper's Appaloosa Management disclosed in an SEC filing its holdings as of September 30, 2022. Appaloosa exited eight positions during the quarter, including by size of previous position, Kohl's (KSS), Occidental Petroleum (OXY), Micron (MU), Aptiv (APTV), and Netflix (NFLX). Appaloosa reduced its stake in twelve holdings, including by size of previous position, Meta Platforms (META), Alphabet (GOOG), Sysco (SYY), Microsoft (MSFT), and Mosaic (MOS). Appaloosa's top holdings as of September 30, in order of size, were Constellation Energy (CEG), Alphabet, Amazon (AMZN), Meta Platforms, and Energy Transfer (ET).
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EVA | Hot Stocks16:15 EST Enviva names Thomas Meth CEO - Enviva announced that Thomas Meth, Enviva's President, has been appointed the Company's Chief Executive Officer and will become a member of Enviva's board of directors, while retaining his title as President. The Company also announced that John Keppler, Chairman and Chief Executive Officer, is expected to assume the role of Executive Chairman, consistent with the succession plan developed by the Board. Prior to doing so, Mr. Keppler will be stepping down from his responsibilities to pursue medical and surgical treatment to address a cardiac valve issue. The Company expects Mr. Keppler, who co-founded Enviva in 2004 with Mr. Meth, to remain available to the Company, and to return in the active Executive Chairman role early in 2023. Additionally, the Company announced that Ralph Alexander, who has been a member of the Board since 2013, will fulfill Mr. Keppler's duties as Chairman of the Board until Mr. Keppler's return, when Mr. Alexander is expected to become Lead Independent Director.
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AZTA | Hot Stocks16:15 EST Azenta reports nomination of Tina Nova, Dorothy Puhy to board of directors - Azenta announced that Tina S. Nova, Ph.D. and Dorothy E. Puhy have been nominated for election to its Board of Directors at the Company's 2023 Annual General Meeting. They will join as non-voting observers of the company's Board of Directors with immediate effect. Tina S. Nova, Ph.D. currently serves as President of Veracyte's CLIA U.S. Business. Dorothy E. Puhy spent 25 years at the Dana-Farber Cancer Institute, most recently serving as EVP and Chief Operating Officer.
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UVE | Hot Stocks16:14 EST Universal Insurance announces 13c special dividend - Universal Insurance "announced that its Board of Directors has declared a regular quarterly cash dividend and a special cash dividend, together totaling 29 cents per share of common stock, payable December 16, 2022 to shareholders of record as of the close of business on December 9, 2022. The 29 cent per share dividend consists of a regular quarterly cash dividend of 16 cents per share and a special cash dividend of 13 cents per share, bringing the total regular and special dividends declared in 2022 to 77 cents per share."
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AXH | Hot Stocks16:12 EST Industrial Human Capital Inc trading halted, news dissemination
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TRVI | Hot Stocks16:11 EST Trevi Therapeutics names David Clark as chief medical officer - Trevi Therapeutics announced the appointment of David Clark, MD, MRCP, as Chief Medical Officer. Clark will join Trevi's executive team and be responsible for the strategy and execution of Haduvio's clinical programs. Most recently, Dr. Clark served as Chief Medical Officer at Allena Pharmaceuticals.
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SUNL | Hot Stocks16:11 EST Sunlight Financial commences process to review strategic alternatives - Sunlight's Board of Directors and management believe the Company's current share price does not reflect the intrinsic value of the company. Therefore, as a number of parties have approached the Company with a range of strategies, the Board has commenced a process to explore, review and evaluate potential alternatives that enable the Company to continue to grow and maximize value for all stakeholders. Sunlight will make further public comments once the Board has approved a specific transaction or otherwise concludes its review.
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HLLY | Hot Stocks16:09 EST Holley names Brian Appelgate as interim COO - Holley "announced the appointment of Brian Appelgate, an industry veteran and operating leader with decades of experience leading teams in the performance automotive aftermarket, to Interim Chief Operating Officer (COO). Mr. Appelgate, who has advised Holley since 2018 as Head of Mergers and Acquisitions, will further align Holley's operations in support of the Company's highest priorities and largest near-term opportunities."
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STRL | Hot Stocks16:08 EST Sterling Construction awarded $20M transportations solutions contract - Sterling Infrastructure "announced that Texas Sterling Construction was awarded an Indefinite Delivery/Indefinite Quantity contract in El Paso, Texas by U.S. Customs and Border Protection. This project's scope includes the design and build of critical infrastructure required to support border security, including roads, utilities and other related infrastructure. "
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NBY | Hot Stocks16:05 EST NovaBay announces 1-for-35 reverse stock split - NovaBay Pharmaceuticals announced that, following approval from the company's stockholders obtained at the company's November 10, 2022 special stockholders' meeting, the company's Board of Directors has approved the filing of an amendment to the company's Amended and Restated Certificate of Incorporation, as amended, to effect a 1-for-35 reverse stock split of all outstanding shares of common stock of the company. The company anticipates that the 1-for-35 reverse stock split will be effective as of 4:15 p.m. New York City Time on Tuesday, November 15, 2022, and the company's common stock will begin trading on a split-adjusted basis on Wednesday, November 16, 2022.
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XCUR | Hot Stocks16:01 EST Exicure Inc trading halted, news pending
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NLTX | Hot Stocks16:01 EST Neoleukin Therapeutics trading halted, news pending
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DPSI | Hot Stocks16:00 EST DecisionPoint Systems Inc trading resumes
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AXH | Hot Stocks15:52 EST NYSE to suspend trading immediately in securities of Industrial Human Capital - The New York Stock Exchange announced that the staff of NYSE Regulation has determined to commence proceedings to delist the securities of Industrial Human Capital from the Exchange. Trading in the company's Securities will be suspended immediately. The company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the securities upon completion of all applicable procedures, including any appeal by the company of the NYSE Regulation staff's decision.
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DPSI | Hot Stocks15:51 EST DecisionPoint Systems Inc trading halted, volatility trading pause
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GIS | Hot Stocks15:18 EST General Mills director Cordani sells 26,100 common shares - In a regulatory filing, General Mills director David Cordani disclosed the sale of 26,100 common shares of the company on November 11 at a price of $76.1848 per share.
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WDAY... | Hot Stocks14:39 EST Tiger Global takes stakes in Visa, Mastercard, exits position in Flywire - Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of September 30, 2022. Tiger Global's ten new buys during the quarter included, by size of position, Workday (WDAY), Dollar General (DG), Visa (V), Mastercard (MA), and Salesforce (CRM). Tiger Global exited one position during the quarter, Flywire (FLYW). Tiger Global increased its stake in one holding, Freshworks (FRSH). Tiger Global's top holdings as of September 30, in order of size, were Alphabet (GOOG), Microsoft (MSFT), Blackstone (BX). Workday, and AutoZone (AZO).
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DASH | Hot Stocks14:33 EST DoorDash adds five new safety features for delivery workers - DoorDash shared an update on how it is adding new safety features for delivery workers. The five new features include SafeDash Check-In, which automatically checks in with the Dasher if a delivery is taking longer than expected; Real-Time Safety Alerts; SafeChat, which detects inappropriate or offensive language in a chat on its app and issues a warning to those who send such messages; Safety Reporting; and Porch Lights Reminders, which send notifications to customers asking them to turn their porch or house lights on as a Dasher is approaching. "When we launched SafeDash a year ago, it was a giant step forward in becoming the platform most trusted by individuals looking for app-based work," said Rajat Shroff, Vice President of Product at DoorDash. "As we continue to dream big in developing the best earnings platform for supplemental income, we're excited to roll out our largest safety product update ever, giving Dashers greater peace of mind while on the road." Reference Link
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IAA RBA | Hot Stocks14:25 EST IAA holder Ancora says sale to Ritchie Bros. 'seemingly flawed' - Ancora Holdings, which is the beneficial owner of approximately 4% of the outstanding shares of IAA (IAA), sent the company's board a letter regarding the proposed sale to Ritchie Bros. Auctioneers (RBA) which reads in part: "We have had long-standing concerns regarding IAA's capital allocation, governance, operations and performance. That is why we previously called on the Board to either replace Chief Executive Officer John Kett or proceed with a formal sale process to maximize value for shareholders. Unfortunately, the Board appears to have ignored both requests prior to entering into a seemingly flawed and rushed transaction agreement with Ritchie Bros. last week. We view IAA's proposed sale to Ritchie Bros. as a poorly structured sweetheart deal that puts leadership's interests ahead of shareholders' best interests...If the current structure and terms remain intact, we intend to do everything in our power to oppose the transaction. This will be the case despite our belief that Ritchie Bros. is a very logical and synergistic combination partner for IAA under the right circumstances...Ultimately, whatever actions Ancora takes regarding the deal approval process will be dictated by the respective share prices of IAA and Ritchie Bros. If it seems unlikely Ritchie Bros. shareholders will approve this transaction (as it currently does), we will take action to block the transaction on the IAA side. We will then seek to reconstitute the IAA Board in light of the appalling lack of appropriate governance demonstrated by the incumbent directors, including your apparent failure to initiate a transparent, wide-ranging sale process and secure other terms in shareholders' best interests."
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RBA IAA | Hot Stocks14:18 EST IAA holder Ancora says sales to Ritchie Bros. 'seemingly flawed' - Ancora Holdings, which is the beneficial owner of approximately 4% of the outstanding shares of IAA (IAA), sent the company's board a letter regarding the proposed sale to Ritchie Bros. Auctioneers (RBA) which reads in part: "We have had long-standing concerns regarding IAA's capital allocation, governance, operations and performance. That is why we previously called on the Board to either replace Chief Executive Officer John Kett or proceed with a formal sale process to maximize value for shareholders. Unfortunately, the Board appears to have ignored both requests prior to entering into a seemingly flawed and rushed transaction agreement with Ritchie Bros. last week. We view IAA's proposed sale to Ritchie Bros. as a poorly structured sweetheart deal that puts leadership's interests ahead of shareholders' best interests...If the current structure and terms remain intact, we intend to do everything in our power to oppose the transaction. This will be the case despite our belief that Ritchie Bros. is a very logical and synergistic combination partner for IAA under the right circumstances."
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DSKE | Hot Stocks14:16 EST Daseke announces repurchase of founder's stock - Daseke announced that it has entered into an agreement with its founder, Don R. Daseke, and his affiliates, to repurchase their total holdings -- 17,932,725 shares -- in the company at a purchase price of $6.00 per share. This represents a repurchase by the company of approximately 28.6% of its issued and outstanding common shares as of November 9, 2022. The repurchase is expected to close later this week. The total consideration for this repurchase is $107.6 million. In exchange for the repurchased shares, the company will pay $40.0 million with cash on hand and issue 67,597 shares of Series B Perpetual Redeemable Preferred Stock, which will have an aggregate initial liquidation preference of $67.6 million and will be redeemable at any time at the Company's option for the original liquidation preference plus accrued and unpaid dividends.
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ISIG | Hot Stocks14:10 EST Insignia Systems trading resumes
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ISIG | Hot Stocks14:05 EST Insignia Systems trading halted, volatility trading pause
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MRNA | Hot Stocks13:55 EST Moderna says bivalent booster shows superiority against omicron variants - Earlier, Moderna announced that both of Moderna's bivalent Omicron-targeting booster candidates - mRNA-1273.214 and mRNA-1273.222 - trigger a superior antibody response compared to a booster dose of mRNA-1273, the company's prototype vaccine, against Omicron BA.4/BA.5 in Phase 2/3 clinical trials. Both bivalent vaccines also met non-inferiority immunogenicity criteria to the original strain. "We are pleased to see that both of our bivalent booster vaccine candidates offer superior protection against Omicron BA.4/BA.5 variants compared to our original booster, which is encouraging given COVID-19 remains a leading cause of hospitalization and death globally. In addition, the superior response against Omicron persisted for at least three months after the mRNA-1273.214 booster," said Stephane Bancel, Moderna's CEO. "Our bivalent boosters also show, in research assays, neutralizing activity against BQ.1.1, an increasingly dominant emerging variant, confirming that updated vaccines have the potential to offer protection as the virus continues to evolve rapidly to escape our immunity." In a Phase 2/3 study, a 50 B5g booster dose of mRNA-1273.222 elicited a superior neutralizing antibody response against Omicron BA.4/BA.5 variants when compared to a 50 B5g booster dose of mRNA-1273 in 511 previously vaccinated and boosted participants ages 19-89 years. Participants received mRNA-1273.222 and mRNA-1273 approximately 9.5 months and 4.5 months after their prior vaccination, respectively. Pre-booster BA.4/BA.5 titers were similar between the mRNA-1273.222 and mRNA-1273 groups. The Omicron BA.4/BA.5 geometric mean titer ratios of mRNA-1273.222 versus mRNA-1273 were 5.11 and 6.29 for participants with and without SARS-CoV-2 infection pre-booster, respectively. In all participants the GMT against Omicron BA.4/BA.5 was 4289, representing a 15.1-fold increase from pre-booster levels. For participants without prior infection, the GMT was 2325, representing a 26.4-fold increase and for those with prior infection, the GMT was 6965, representing a 9.8-fold increase from pre-booster levels. "Importantly, results were consistent between participants aged 65 years and older and those aged 18 to 65. In an exploratory analysis of approximately 40 participants using research assays, both bivalent vaccines demonstrated robust neutralizing activity against BQ.1.1, despite an approximately 5-fold drop in titers compared to BA.4/BA.5," the company stated.
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PCOR | Hot Stocks13:05 EST Procore names Olga Kibler chief people officer - Procore Technologies announced Olga Kibler as its chief people officer, effective today. Kibler will lead Procore's people strategy, and will join Procore's executive leadership team and report to founder, president and CEO, Tooey Courtemanche. Most recently, Kibler served as chief people officer at Five9 leading all aspects of the human resources function. "When we started Procore, we committed to investing in our people and our culture no matter our scale. With more than 20 years of experience, Olga will lead our talent organization as we expand globally and continue to build high-performing teams while delivering a remarkable candidate and employee experience," said Tooey Courtemanche, Procore founder, president and CEO. "Olga's passion for people and excellence in the human resources practice, combined with her international leadership experience, is a huge asset to Procore. I am thrilled to welcome her to the team."
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XRX | Hot Stocks13:02 EST Xerox appoints John Bruno as President and COO - Xerox announced the appointment of John Bruno as President and Chief Operating Officer. Bruno joins the team following Steven Bandrowczak's promotion to CEO earlier this year. Bruno comes to Xerox after seven years with Aon, where he most recently served as Chief Operating Officer and Chief Executive Officer of Data & Analytic Services. "In this role, John will partner closely with the CEO and leadership team to shape the company's global strategy and will be accountable for operating model advancements to improve company performance. He will also oversee global offerings, service delivery, marketing, manufacturing, supply chain, procurement, information technology, and Xerox's IT services business unit," the company said. "John brings decades of business, technology, and operations leadership experience at Fortune 500 companies across a wide range of industries that are applicable to the direction we're taking Xerox. John's expertise will help advance our client-centric operating model and enable us to create an even better overall customer experience," added Bandrowczak.
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OTGLY... | Hot Stocks12:59 EST CD Projekt says 'Witcher 3' next-gen update coming December 14 - CD Projekt (OTGLY) said that the PlayStation 5 (SONY) and Xbox Series X/S (MSFT) update for role-playing game "The Witcher 3: Wild Hunt" is coming December 14, free for everyone who already owns the game. The title first launched for PC, Xbox One, and PlayStation 4 in 2015, with a Switch (NTDOY) release arriving in 2019. Reference Link
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ISPO | Hot Stocks12:59 EST Inspirato Q3 earnings release delayed, pending restatements - In a regulatory filing earlier, Inspirato reported that the company will not, without unreasonable effort and expense, be able to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 with the Securities and Exchange Commission within the prescribed time period due to delays in completion of the financial statements for the quarter. The filing stated: "In connection with the restatements discussed above, the company's management has re-evaluated the effectiveness of the company's disclosure controls and procedures as of March 31, 2022 and June 30, 2022 and based on that evaluation, the company's management has concluded its disclosure controls and procedures remained ineffective due to the unremediated material weaknesses previously disclosed in Item 4 'Controls and Procedures' in the company's Quarterly Reports on Form 10-Q filed with the SEC for the Non-Reliance Periods. Management is developing a remediation plan for the material weaknesses."
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MNTV... | Hot Stocks12:43 EST Jana made new buy Freshpet top holding in Q3, also bought Momentive - Barry Rosenstein's Jana Partners disclosed in an SEC filing its holdings as of September 30, 2022. Jana made three new buys during the quarter, including 4.27M shares of Freshpet (FRPT) and 933,366 shares of Momentive Global (MNTV). The firm exited one position during the quarter, Conagra Brands (CAG). Jana increased its stake in four holdings: New Relic (NEWR), BlackSky (BKSY), Laboratory Corp. of America (LH) am Mercury Systems (MRCY). The fund reduced its stake in three holdings, including SPDR S&P 500 ETF Trust (SPY) and TreeHouse Foods (THS). Jana's top holdings as of September 30, in order of size, were Freshpet, New Relic, TreeHouse, Laboratory Corp. of America, and Mercury Systems.
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MNTV | Hot Stocks12:35 EST Jane Partners bought $5.42M worth of Momentive during Q3
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MMS | Hot Stocks12:02 EST Maximus awarded $100M contract by CDC to extend CDC-INFO program - Maximus announced it had been awarded a contract for one base year plus four option years from the Centers for Disease Control and Prevention. Under the contract, which has an awarded value of $100M over five years, Maximus will leverage its technology capabilities and operational improvement skills for the CDC-INFO program. "At Maximus, we are motivated to help federal agencies overcome their biggest challenges, and there has been no greater challenge in our lifetime than the COVID-19 pandemic," said Teresa Weipert, General Manager, Federal Services, Maximus. Under the new contract period of performance, Maximus will make several digitally-enabled enhancements to improve communications of accurate, timely, and consistent health information to the public, providers, and federal partners.
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ALIT | Hot Stocks12:00 EST Alight falls -13.7% - Alight is down -13.7%, or -$1.34 to $8.51.
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AMPS | Hot Stocks12:00 EST Altus Power falls -15.0% - Altus Power is down -15.0%, or -$1.28 to $7.25.
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CVNA | Hot Stocks12:00 EST Carvana falls -15.7% - Carvana is down -15.7%, or -$1.86 to $10.02.
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CIR | Hot Stocks12:00 EST Circor rises 20.9% - Circor is up 20.9%, or $4.54 to $26.22.
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HRT | Hot Stocks12:00 EST HireRight rises 23.2% - HireRight is up 23.2%, or $1.79 to $9.49.
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MNSO | Hot Stocks12:00 EST Miniso rises 25.6% - Miniso is up 25.6%, or $1.81 to $8.88.
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SONY... | Hot Stocks11:54 EST U.S. game content spending grew 2% y/y in October, says NPD - NPD analyst Mat Piscatella said that October U.S. video game content sales grew 2% vs last year, to $3.7B. Double-digit percentage growth in Console & PC content spending was driven by the launch of Activision's (ATVI) "Call of Duty: Modern Warfare II" in the October tracking period, compared to the launch of "Call of Duty: Vanguard" in November 2021. Eight of the top 20 best-selling premium games of October 2022 were new releases, including Warner Bros. Discovery's (WBD) "Gotham Knights," which ranked 2nd in October while debuting as the 14th best-selling game of 2022 year-to-date. Other top game sellers in October in the U.S. were Electronic Arts' (EA) "FIFA 23," "Madden NFL 23," and "NHL 23," Ubisoft's (UBSFY) "Mario + Rabbids: Sparks of Hope," Sega's (SGAMY) "Persona 5," Take-Two's (TTWO) "NBA 2K23," Nintendo's (NTDOY) "Bayonetta 3," and Bandai Namco's (NCBDY) "Elden Ring." Reference Link
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TPL | Hot Stocks11:52 EST Texas Pacific Land shareholder Gabi Gliksberg plans to vote against board recs - Gabi Gliksberg, a long-time shareholder of Texas Pacific Land Corporation, along with ATG Capital Management, announced their plan to vote all shares that they own and advise AGAINST the Board's recommendations on several proposals for the upcoming annual meeting, currently scheduled for November 16, 2022. In the letter to shareholders released today, Gliksberg explains to shareholders that, in his view, a message must be sent to the Board of directors that legitimate corporate governance must be taken more seriously, and that furthering the best interests of stockholders - not of executives and Board members with minimal shareholdings - must be the top priority. The Board's proposal to massively increase the number of authorized shares, giving the Board the ability to potentially massively dilute shareholders, is contrary to the best interests of long-term stockholders, he says. In addition, the Board's reputation of poor corporate governance is perhaps best underscored by its continued insistence on maintaining a stockholder agreement that disenfranchises shareholders, and infringes on their largest shareholder's fundamental right to vote independently, Gliksberg contends.
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ATVI... | Hot Stocks11:50 EST U.S. video game spending totaled $4.3B in October, says NPD - NPD analyst Mat Piscatella said that U.S. consumer spending on video game content, hardware and accessories totaled $4.3B during the month of October 2022, flat when compared to a year ago. Octover growth in digital sales and subscriptions for console and PC video game content, driven in large part by the release of Activision's (ATVI) "Call of Duty: Modern Warfare II," was offset by declines in mobile content and hardware. Year-to-date spending has fallen 7% compared to this point in 2021, at $42.7B. Dollar sales of video game hardware fell 10% in October when compared to a year ago, to $424M. Double-digit percentage dollar sales growth for both PlayStation 5 (SONY) and Xbox Series (MSFT) consoles was offset by declines on other platforms. PlayStation 5 was the best-selling video game hardware of October in both unit and dollar sales, while Xbox Series ranked 2nd across both measures. Other companies in the video game space include Nintendo (NTDOY), Electronic Arts (EA), Take-Two (TTWO), Tencent (TCEHY), and Ubisoft (UBSFY). Reference Link
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AMRC | Hot Stocks11:47 EST Ameresco names Lenka Patten SVP, chief human resources officer - Ameresco announced that it has appointed Lenka Patten as its new Senior Vice President and Chief Human Resources Officer. In her new role, Patten will serve as a strategic member of the Ameresco executive management team, leading Ameresco's team of human resources professionals. Patten will also provide guidance as a personnel advisor to each business unit and work to ensure cohesion across talent acquisition, professional development and employee engagement processes so that each area is aligned with Ameresco's strategic business goals and objectives. Prior to Ameresco, Patten served as the head of human resources for Reebok International.
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MSFT | Hot Stocks11:02 EST Microsoft announces 'Microsoft Supply Chain Platform' - Microsoft announced the "Microsoft Supply Chain Platform," which it said "helps organizations maximize their supply chain data estate investment with an open approach, bringing the best of Microsoft AI, collaboration, low-code, security and SaaS applications in a composable platform." The company also announced the preview of Microsoft Supply Chain Center, which it calls "a ready-made command center for supply chain visibility and transformation and part of the Microsoft Supply Chain Platform." Charles Lamanna, corporate vice president, Microsoft Business Applications and Platform, said: "Businesses are dealing with petabytes of data spread across legacy systems, ERP, supply chain management and point solutions, resulting in a fragmented view of the supply chain. Supply chain agility and resilience are directly tied to how well organizations connect and orchestrate their data across all relevant systems. The Microsoft Supply Chain Platform and Supply Chain Center enable organizations to make the most of their existing investments to gain insights and act quickly."
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DELL... | Hot Stocks10:05 EST Dell announces additions to high performance computing portfolio - Dell Technologies (DELL) announced it has expanded its high performance computing, or HPC, portfolio, with new Dell PowerEdge servers designed in collaboration with Intel (INTC) and NVIDIA (NVDA). "As compute innovation accelerates to keep pace with demand, customers are looking to upgrade their IT environments and harness advanced computing capabilities to speed discovery and insights," said Rajesh Pohani, vice president of portfolio and product management for PowerEdge, HPC and Core Compute at Dell Technologies. "New Dell Technologies servers and solutions give businesses of all sizes access to technologies once only accessible for the world's largest research institutions and government agencies, allowing them to tackle HPC, ease AI adoption and propel their businesses forward." Dell PowerEdge XE9680, XE8640 and XE9640 have planned global availability in the first half of 2023. Dell APEX High Performance Computing is available today in the U.S. Dell Quantum Computing Solution is available today in the U.S. and Canada.
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FL | Hot Stocks10:03 EST Foot Locker, PUMA expand partnership to reach next-generation customers - PUMA and Foot Locker announced an expanded partnership, underscored by a focus on basketball and the creation of exclusive product collections that meet the demands of this growing market segment. The companies also plan to roll out hyper-relevant creator engagements and brand partnerships that specifically resonate with a younger audience. Through this strengthened partnership, PUMA and Foot Locker have planned a series of exclusive collections and product collaborations with highly influential ambassadors reaching Gen Z and Gen Alpha. Specifics include: expanding the basketball and classics categories with continued exclusive access to the LaMelo Ball Signature program; launching the first-ever PUMA x POKEMON collaboration. PUMA and Foot Locker Inc. are partnering with The Pokemon Company International and Niantic, publisher of the popular Pokemon GO mobile game, to turn, for the next six months, 400 Foot Locker, Champs Sports, and Kids Foot Locker stores across the U.S. and the PUMA NYC Flagship store into Gyms and Poke Stops in Pokemon GO. PUMA x PAW PATROL, a new collection for kids will be available at exclusively at Kids Foot Locker and Foot Locker in North America starting November 25. creating and launching upcoming athlete capsules with Mikey Williams; building exclusive product programs to be released in the coming months with social media star and music artist Dixie D'Amelio and hip-hop artist Cordae; and launching PUMA x CoComelon, a new collaboration coming out next Spring and inspired by CoComelon's favorite characters, which will create a close connection with the younger generation available exclusively at Kids Foot Locker.
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DOCS | Hot Stocks10:00 EST Doximity falls -10.9% - Doximity is down -10.9%, or -$3.82 to $31.12.
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AMPS | Hot Stocks10:00 EST Altus Power falls -12.4% - Altus Power is down -12.4%, or -$1.06 to $7.48.
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ALIT | Hot Stocks10:00 EST Alight falls -13.2% - Alight is down -13.2%, or -$1.30 to $8.54.
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CIR | Hot Stocks10:00 EST Circor rises 12.0% - Circor is up 12.0%, or $2.61 to $24.29.
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MNSO | Hot Stocks10:00 EST Miniso rises 16.7% - Miniso is up 16.7%, or $1.18 to $8.25.
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HRT | Hot Stocks10:00 EST HireRight rises 20.5% - HireRight is up 20.5%, or $1.58 to $9.29.
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SCLX | Hot Stocks09:54 EST Vickers Vantage Corp I trading resumes
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KSCP | Hot Stocks09:53 EST Knightscope receives contract for 41 machines from university in New Jersey - Knightscope announces a new contract at a New Jersey university for 31 of its K1 Blue Light Towers and 10 of its K1 Blue Light E-Phones.
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SCLX | Hot Stocks09:49 EST Vickers Vantage Corp I trading halted, volatility trading pause
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DOCS | Hot Stocks09:47 EST Doximity falls -9.0% - Doximity is down -9.0%, or -$3.16 to $31.78.
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ALIT | Hot Stocks09:47 EST Alight falls -10.3% - Alight is down -10.3%, or -$1.01 to $8.84.
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KOLD | Hot Stocks09:47 EST ProShares UltraShort Bloomberg Natural Gas falls -12.6% - ProShares UltraShort Bloomberg Natural Gas is down -12.6%, or -$2.24 to $15.53.
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IFNNY STLA | Hot Stocks09:47 EST Infineon, Stellantis sign memorandum of understanding for silicon carbide chips - Infineon Technologies (FNNY) and Stellantis (STAL) have signed a non-binding memorandum of understanding as a first step towards a potential multi-year supply cooperation for silicon carbide semiconductors. Infineon would reserve manufacturing capacity and supply CoolSiC "bare die" chips in the second half of the decade to the direct Tier 1 suppliers of Stellantis. The potential sourcing volume and capacity reservation have a value of significantly more than EUR 1B, the companies said in a statement. "We firmly believe in electromobility and are excited to develop partnerships with leading automotive companies like Stellantis that make it a part of people's everyday life," said Peter Schiefer, Division President Automotive of Infineon. "Compared to traditional power technologies, silicon carbide increases the range, efficiency and performance of electric vehicles. With our leading CoolSiC technology and continuous investments in our manufacturing capacities, we are well positioned to meet the growing demand for power electronics in electromobility."
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BEKE | Hot Stocks09:47 EST KE Holdings rises 11.2% - KE Holdings is up 11.2%, or $1.52 to $15.05.
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AMC | Hot Stocks09:47 EST AMC Entertainment rises 12.6% - AMC Entertainment is up 12.6%, or 91c to $8.11.
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HRT | Hot Stocks09:47 EST HireRight rises 13.2% - HireRight is up 13.2%, or $1.02 to $8.73.
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LMDX | Hot Stocks09:43 EST LumiraDx continues commercial expansion of HbA1c test - LumiraDx Limited announced the continued commercial expansion of its HbA1c test, for professional use across multiple care settings. The company said: "Used alongside the LumiraDx Platform, the test monitors known diabetic patients' HbA1c levels and also serves as an aid in screening and identifying patients who may be at risk for developing diabetes. Providing results in under seven minutes from sample application, the test allows improved efficiency and convenience with on-the-spot diabetes screening and monitoring at the patient's side." The company announced the assay had achieved CE marking in late May of this year.
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GETY | Hot Stocks09:43 EST Koch Industries bought 80.5M shares of Getty Images in Q3 - Koch Industries, in its quarterly filing of holdings as of September 30, disclosed a new stake in Getty Images of 80.5M shares. The stake is valued at $546.6M and represents 20% of Getty's outstanding shares.
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PNT | Hot Stocks09:42 EST POINT Biopharma Global Inc trading resumes
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AMC | Hot Stocks09:42 EST AMC Entertainment trading resumes
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TSN | Hot Stocks09:41 EST Tyson Foods says pork remains challenged by hog supply, global headwinds - Says independent board is undergoing thorough review of arrest of CFO John Tyson. Says construction of six new plants expected to be finished by end of FY23. Says gaining momentum driven by strength of consumer brands. Says expects retail share growth to continue. Says volume and margins remain string in beef. Says pork remains challenged by hog supply and global headwinds. Says prepared foods overcoming challenging macroenvironment. Says sequential operational improvement continues in chicken. Comments taken from Q4 earnings conference call.
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PNT | Hot Stocks09:37 EST POINT Biopharma Global Inc trading halted, volatility trading pause
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GGE | Hot Stocks09:37 EST Green Giant appoints Junaid Ali as CEO of Green Giant LLC - Green Giant announced appointment of Junaid Ali as CEO of its wholly owned subsidiary Green Giant LLC to spearhead its effort to explore green energy section in the U.S.
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AMC | Hot Stocks09:37 EST AMC Entertainment trading halted, volatility trading pause
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SLS | Hot Stocks09:31 EST Sellas Life Sciences announces update on Phase 3 REGAL trial - SELLAS Life Sciences announced important updates relating to its ongoing Phase 3 open-label registrational clinical trial for galinpepimut-S in acute myeloid leukemia patients who have achieved complete remission following second-line salvage therapy. The primary endpoint of the REGAL study is overall survival. Following consultation with members of the Independent Data Monitoring Committee for the REGAL study and AML key opinion leaders, as well as the recommendations of the Company's biostatistics experts, SELLAS is implementing changes to the SAP and protocol for the REGAL study as follows: The total targeted enrollment in the study will increase from 116 patients to a range of 125 to no more than 140 patients. The targeted number of events for the interim analysis will be reduced to 60 from 80 and is currently expected to occur in late 2023 or early 2024. The targeted number of events for the final analysis will be reduced to 80 from 105 and is currently expected to occur by the end of 2024. Statistical significance would be achieved by an estimated hazard ratio for OS of 0.636, corresponding to an OS of 12.6 months versus eight months for GPS versus BAT, respectively. The Company has developed these changes using a conservative application of the O'Brien-Fleming statistical theory, which is suitable when regulatory approval is expected to be based predominantly on results from a single clinical trial and when mortality is the primary endpoint. The Company has notified the U.S. Food and Drug Administration of these changes through a filing to the investigational new drug application for GPS. Additionally, SELLAS' development and commercialization partner for the Greater China territory, 3D Medicines, has agreed to participate in the REGAL trial through the inclusion of approximately 20 patients from the Greater China territory.
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AAPL | Hot Stocks09:30 EST Apple CEO tells CBS that company has slowed down some hiring - In an interview with "CBS Mornings" co-host Nate Burleson, Apple CEO Tim Cook said that the company has slowed down some hiring. "We're being very deliberate in our hiring," Cook said, adding that the company is hiring "but not everywhere in the company." Reference Link
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ERJ | Hot Stocks09:28 EST BNDES finances Embraer's aircraft production for export - The Brazilian National Bank for Economic and Social Development approved financing to Embraer S.A. for producing and exporting commercial aircraft manufactured by the company. The operation, in the order of R$ 2.2 billion, will be carried out through the BNDES Exim Pre-shipment, a direct bank credit line to produce national goods destined for export.
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FLAG | Hot Stocks09:27 EST First Light Acquisition to transfer listing to the NYSE American on November 17 - First Light Acquisition recently announced a correction to the expected transfer date on its previously released press release. The company announced that it will transfer its listing to the NYSE American, where it has been approved to list. In connection with the transfer, FLAG will voluntarily delist from The New York Stock Exchange. FLAG's decision to transfer to the NYSE American was motivated by more favorable thresholds for continued listing on the NYSE American following recent redemptions of FLAG's Class A common stock. Following the transfer, FLAG intends to continue to file the same types of periodic reports and other information it currently files with the Securities and Exchange Commission. FLAG anticipates the transfer to the NYSE American to occur on or about November 17, 2022.
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VOYA MPC | Hot Stocks09:25 EST Voya Financial announces Donald Templin as CFO - Voya Financial (VOYA) announced that Donald Templin has joined the company as executive vice president and chief financial officer, or CFO. Templin brings more than 30 years of corporate finance experience to Voya, most recently serving as executive vice president and CFO of Marathon Petroleum (MPC).
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DSX | Hot Stocks09:18 EST Diana Shipping announces delivery of Ultramax dry bulk vessel m/v DIS Andromeda - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v DSI Andromeda, a 2016 built Ultramax dry bulk vessel of 60,309 dwt. The vessel is one of nine modern Ultramax dry bulk vessels that the Company entered into an agreement to purchase in August 2022. The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Marine Limited, for one of its Ultramax dry bulk vessels, the m/v DSI Polaris. The gross charter rate is US$13,100 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen months to maximum twenty months. The charter commenced on November 12, 2022. The "DSI Polaris" is a 60,404 dwt Ultramax dry bulk vessel built in 2018. The employment of "DSI Polaris" is anticipated to generate approximately US$7.07 million of gross revenue for the minimum scheduled period of the time charter.
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NSC | Hot Stocks09:16 EST Norfolk Southern announces Paul Duncan to succeed Sindy Sanborn as COO - Norfolk Southern Corporation announced that Executive Vice President & COO Cindy Sanborn will step down at the end of 2022 after a 35-year career in the railroad industry. Paul Duncan, currently Senior Vice President Transportation & Network Operations, will succeed Sanborn effective January 1, 2023. "Cindy joined Norfolk Southern during the pandemic and helped us navigate a global supply chain disruption. She strengthened our culture, served as an effective ambassador with our outside stakeholders, and was part of a team effort that has achieved significant improvements in service," said Norfolk Southern President & CEO Alan H. Shaw. "Cindy's impact goes well beyond Norfolk Southern. As the first female chief operating officer of a Class 1 railroad in the United States, she has been a trailblazer and an inspiration to many in the industry."
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LFCR | Hot Stocks09:11 EST Lifecore completes corporate name change - Lifecore Biomedical has completed its transition to Lifecore Biomedical, including the change of its name from Landec Corporation to Lifecore Biomedical. In connection with this change, the company's common stock is also expected to commence trading under its new Nasdaq ticker symbol "LFCR" November 15. Lifecore's name change was accompanied by the previous transition of certain leadership positions, which included James Hall, who will continue to serve as Lifecore's President and CEO and as a director on the Board of Directors, as well as John Morberg, who will continue in his role of CFO of Lifecore. The composition of the Board was realigned to increase its focus on life sciences expertise. No action is required by stockholders with respect to the name or ticker symbol change and the changes will not affect the existing rights of stockholders.
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HCAT | Hot Stocks09:11 EST Health Catalyst CEO Daniel Burton buys 197,079 shares of stock - CEO Daniel Burton bought 197,078 shares of stock at an average price of $10.14, according to a regulatory filing.
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KPTSF | Hot Stocks09:11 EST Kruger Products to shut down older production assets in Memphis - KP Tissue and Kruger Products announced that it will shut down certain older and inefficient production assets including a Light Dry Crepe paper machine and six converting lines in early January, 2023 in Memphis, Tennessee. High quality facial tissue and premium Through Air Dry products will continue to be produced at its Memphis plant by approximately 400 remaining employees. The 165 employees impacted by this decision will receive severance and employment transition support. The Memphis plant is operated by Kruger Products' subsidiary, K.T.G. Inc. and after the asset shutdown will have a production capacity of 85,000 Metric Tonnes. "While this is a difficult decision, it is necessary to ensure the continued success, competitiveness, and growth of our Memphis plant. We have invested over $400 million at our Memphis plant since 2010 and it will continue to be an important part of our business. We would like to sincerely thank our employees for their ongoing dedication and hard work." said Dino Bianco, CEO of Kruger Products.
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SNES | Hot Stocks09:10 EST SenesTech announces Joel Fruendt to succeed Ken Siegel as CEO - SenesTech announced the appointment of Joel Fruendt as SenesTech's new CEO, succeeding Ken Siegel. Siegel, who is expected to retire at the end of the year, will remain as an Executive Director, in a consultative role, through the transition period. This leadership transition is part of SenesTech's ongoing strategic plan to drive the commercialization of ContraPest, its flagship product.
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SBGI | Hot Stocks09:10 EST Sinclair Broadcast enters MOU with Hyundai Mobis to develop ATSC 3.0 services - Sinclair Broadcast announced that the company has entered into an MOU with Hyundai Mobis to collaborate on the development and implementation of ATSC 3.0-enabled automotive business models in both Korea and the United States. The collaboration expands Sinclair's coordination with the Korean market and the commitment to bring mobile services to the United States. Joint efforts on the development of new services, business opportunities and deployment models will include geo-targeting capabilities, enhanced GPS, software updates, in-vehicle entertainment, real-time emergency information and a myriad of other public services. The one-to-many architecture of ATSC 3.0 has the capability to provide highly efficient data and entertainment services to the roughly 20 million Hyundai, Kia, and Genesis vehicles in the United States.
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POET LITE | Hot Stocks09:10 EST Poet Technologies to use Lumentum's high speed DMLs - POET Technologies (POET) announced that it will use high-speed directly modulated laser, DML, technology from Lumentum Holdings (LITE) in POET's transmit optical engines to enable high volume, low power, and cost-efficient 400G, 800G, and 1.6T pluggable transceivers for hyperscale data centers. Working with Lumentum, POET expects to start sampling the 400G FR4 transmit optical engines with integrated drivers in the first half of 2023 and production by the second half of 2023. The 400G FR4 optical engines are architected as photonic chiplets and will be the industry's first implementation of DMLs with flip-chip integration on an optical interposer at these data rates. "The majority of the 400G transceivers in the market today use either externally modulated lasers or silicon photonics combined with external lasers. These solutions require multiple components and involve several cumbersome and costly active alignments," said Suresh Venkatesan, Chairman & CEO of POET. "POET has a significant opportunity to disrupt the market with a highly integrated solution with all passive alignments and monolithically integrated waveguides and multiplexers, which translates to lower cost, power, and size benefits to our customers."
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AMTB | Hot Stocks09:10 EST Amerant Bancorp selected official bank of Florida Panthers - Amerant Bank and the Florida Panthers announced a multi-year partnership making Amerant the Official Bank of the Florida Panthers and FLA Live Arena. Terms of the agreement were not disclosed. Amerant will also become the presenter of the Panthers premium club. Lounge 954, FLA Live Arena's premium center-ice seating area, will now be known as the 'Amerant Vault.' The expanded relationship will also include curated opportunities during home games at FLA Live Arena, furthering Amerant's efforts to provide a truly unique customer experience. The partnership builds on Amerant's current sponsorship as the Panther's primary home and away game helmet partner.
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BYND | Hot Stocks09:07 EST Beyond Meat and American Cancer Society sign multi-year research agreement - Beyond Meat and the American Cancer Society announced a multi-year agreement to advance research on plant-based meat and cancer prevention, as well as to help ACS continue to build the foundation of plant-based meat and diet data collection. The commitment aims to advance the understanding of how plant-based meats contribute to healthy diet patterns and their potential role in cancer prevention and is a crucial step towards long-term research in the plant-based protein field. The agreement will help enable a continuation of ACS' ongoing data collection in its Cancer Prevention Study-3 and help build a downstream cancer research portfolio that is critical to understanding whether plant-based proteins, including plant-based meat, can play a role in cancer prevention. ACS' Cancer Prevention Studies help researchers identify cancer risk factors among its pool of more than 300,000 participants.
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INMB | Hot Stocks09:06 EST INmune Bio's trial of Alzheimer's approved to proceed in Canada - INmune Bio announced that Health Canada has issued the company a "No Objection Letter" to proceed with the company's trial using XPro1595 to treat mild Alzheimer's Disease in Canada. The first patient in the Phase 2 trial recently completed all dosing and has enrolled in an open-label extension study in Australia.
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MGI | Hot Stocks09:05 EST MoneyGram announces partnership with Beyon Money - MoneyGram International announced a new partnership with Beyon Money, a financial super app in Bahrain, owned by lBatelco. Through this partnership with MoneyGram, consumers in Bahrain will be able to use the Beyon Money app to send money in near real-time to over 200 countries and territories around the world, MoneyGram said in a statement.
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FAT | Hot Stocks09:04 EST Fat Brands appoints Jeremy Theisen as Chief Growth Officer - Fat Brands appointed its first Chief Growth Officer, Jeremy Theisen. Prior to joining Fat Brands, Theisen served as Chief Revenue Officer of PathSpot, a hygiene management system. Theisen also served as Chief Sales Officer of Punchh.
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AMV | Hot Stocks09:04 EST Atlis secures two key test pack purchase orders from EV manufacturers - Atlis Motor Vehicles announces it has received purchase orders for its battery technology from a British EV commercial van manufacturer, INDe EV, and another top-tier compact equipment manufacturing company, with the intent to power both customers' all-electric work-focused vehicles. "These orders highlight our unique battery technology and its appeal within the various verticals of the work-focused EV space," stated Mark Hanchett, Atlis Motor Vehicles' Founder and CEO. "As a work-focused EV company developing its own battery technology in the United States, we believe our technology will continue to attract other work vehicle manufacturers both here and abroad, and we will continue to provide shareholders with updates on our developments."
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F | Hot Stocks09:04 EST CerebrumX to use Ford connected vehicle data to support UBI-as-a-service - CerebrumX Lab, an AI-driven automotive data services & management platform, announced it will incorporate Ford connected vehicle data to support its data-driven usage-based insurance-as-a-Service model for Insurers. This model offers a quicker and more cost-effective implementation of UBI programs by using embedded telematics for eligible Ford and Lincoln connected vehicles, CerebrumX said in a statement.
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OZK | Hot Stocks09:03 EST Bank OZK authorizes $300M stock repurchase program - Bank OZK approved a new stock repurchase program pursuant to which the Bank may repurchase up to $300M of its outstanding common stock. The Bank's previous stock repurchase program expired on November 4. The Repurchase Program will expire on the earlier to occur of the Bank repurchasing shares of its common stock at an aggregate cost of $300M or November 9, 2023.
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RRR | Hot Stocks09:03 EST Red Rock Resorts announces special dividend of $1.00 per Class A share - Red Rock Resorts announced that the company's Board of Directors has declared a special dividend of $1.00 per Class A common share. The special dividend will be payable on December 9, 2022 to all stockholders of record as of the close of business on November 30, 2022. Prior to the payment of such dividend, Station Holdco LLC will make a cash distribution to all unit holders of record, including the company, of $1.00 per unit for a total distribution of approximately $108.1M, approximately $62.1M of which is expected to be distributed to the company and approximately $46M of which is expected to be distributed to the other unit holders of record of Station Holdco.
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AXP | Hot Stocks09:02 EST American Express partners with TikTok to launch the #ShopSmall Accelerator - American Express announced that it has partnered with TikTok to launch the #ShopSmall Accelerator, a new program to help small business owners reach a new generation of shoppers on Small Business Saturday, which is on November 26, 2022, and runs throughout the holiday shopping season. The partnership with TikTok builds on the ongoing support American Express provides small businesses year-round and its goal to drive $100 billion in reported consumer spending at small businesses from 2021 through 2025.1 Starting November 14, the #ShopSmall Accelerator will include an offer for eligible small business owners to earn a $100 TikTok advertising credit*. In addition, small business owners will be given access to tools and resources to think like TikTok creators, including a tutorial at AmericanExpress.com/ShopSmallAccelerator on how their businesses can stand out on the platform. "More and more American small businesses are turning to TikTok to take us inside their world in a fun authentic way, and as a result, they are reaching new customers, hiring more employees and growing their business. The real world impact is undeniable, with 44% of TikTok users saying that they discovered something on the platform and immediately went out to buy it, according to our Global Retail Path To Purchase Study," said Sofia Hernandez, Global Head of Business Marketing for TikTok. "This holiday season, the TikTok community is ready to #ShopSmall and support small businesses."
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CNDT | Hot Stocks08:57 EST Conduent introduces BenePath Suite of Solutions - Conduent Incorporated introduced its BenePath Suite, a set of digital solutions designed to modernize the eligibility and enrollment process for social services and government aid programs, from start to finish. The BenePath Suite delivers cloud-based, modular products that agencies can use for application processing, eligibility assistance, enrollment broker services, program education and outreach, and digital communication to beneficiaries.Conduent's BenePath Suite offers numerous operational benefits for state agencies and service enhancements to the recipients that they serve. Agencies can use the Suite to address the challenges associated with reaching constituents whose eligibility may have changed since the COVID-19 pandemic and to achieve federal, state and local regulatory compliance. "States are always looking for cost-effective ways to modernize and enhance services for programs like Medicaid so they can improve delivery of benefits to recipients while reducing costs and improving efficiency," said Scott Cade, General Manager of Eligibility and Engagement at Conduent. "Our BenePath Suite is designed to enable agencies to expedite the delivery of services, enhance customer satisfaction and provide the on-demand, self-service experiences that constituents now expect - particularly as requirements change and agencies must quickly adapt."
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PINE | Hot Stocks08:49 EST Alpine Income Property provides operational update - Alpine Income Property Trust announced that it has published its November 2022 Investor Presentation on its website and provided an update on its recent corporate and investment activities: To date during the fourth quarter of 2022, acquired four net lease retail properties for total acquisition volume of $35.5 million at a weighted average going-in cash cap rate of 7.4%. Sold one net lease property to date during the fourth quarter of 2022 for $2.0 million at an exit cap rate of 5.2%, generating a gain on sale of $1.6 million. Provided notice of intent to defease the Company's $30.0 million CMBS mortgage secured by six net lease properties before year-end 2022. The Company is under contract to sell three of the six properties securing the CMBS Loan for a combined sales price of $22.1 million
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DM | Hot Stocks08:46 EST Desktop Metal announces 'multimillion-dollar' contract award from VA - Desktop Metal announced a three-year, multimillion-dollar contract with the Veterans Health Administration to develop, test, and manufacture a variety of 3D printed healthcare products with a revolutionary new FreeFoam material. FreeFoam is currently being printed exclusively on the ETEC Xtreme 8K top-down DLP printing system, with broad commercial availability slated for 2023. ETEC is Desktop Metal's industrial polymer brand. The VA will receive an Xtreme 8K, as well as a variety of other equipment, in addition to development and design support for the project. The initial contract award, for $2 million, has the potential to grow to $7 million after successful phase-gate deliveries. "Desktop Metal is proud to partner with the Veterans Health Administration on this visionary project to advance health care, logistics, and decentralized manufacturing with our new 3D printing technology at production volumes," said Ric Fulop, Founder and CEO of Desktop Metal. "Our team is passionate about using Additive Manufacturing 2.0 technology such as our ETEC Xtreme 8K and FreeFoam material to transform the way manufacturing is done to deliver all-new benefits at scale."
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AGEN | Hot Stocks08:44 EST Agenus reports data on botensilimab/balstilimab combination in nine cancer types - Agenus announced expanded data from the company's Phase 1 study of botensilimab and balstilimab in patients with treatment-resistant tumors, including MSS-CRC, ovarian, sarcoma and NSCLC. The data presented represents four of the most mature data sets from the nine cancer types where responses have been observed to date. Out of over 250 enrolled patients, data on 125 patients has matured to efficacy and safety evaluation. Botensilimab was well tolerated, with no new immune-mediated safety signals outside of those observed in the class. Rates of gastrointestinal and skin toxicities were comparable to those reported with first-generation CTLA-4 inhibitors, while other immune mediated toxicities were less frequent than expected, consistent with botensilimab's design to reduce complement binding. Overall response rates ranged from 22% in microsatellite stable colorectal cancer to 60% in PD-(L)1 refractory non-small cell lung cancer. Agenus initiated Phase 2 ACTIVATE trials of botensilimab in advanced MSS-CRC and advanced melanoma; pancreatic cancer to follow before year-end.
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NLSP | Hot Stocks08:43 EST NLS Pharmaceutics successfully appeals Nasdaq delisting notice - NLS Pharmaceutics announces that on November 11 it received a letter from the Nasdaq Hearings Panel indicating the Panel's decision to grant the Company's request to continue its listing on the Nasdaq Stock Market The continued listing is subject to the conditions that: (i) on or before January 19 the Company shall provide the Panel with updated proforma financial statements for the year ended December 31 and the period ended March 31 for review; and (ii) on or before February 28 the Company will demonstrate compliance with Listing Rule 5550(b)(1), which requires that the Company maintain stockholders' equity of at least $2,500,000. In order to fully comply with the terms of this exception, the Company must be able to demonstrate compliance with all requirements for continued listing on Nasdaq. In the event the Company is unable to do so, its securities may be delisted from Nasdaq. During the Exception Period, the Company is required to provide prompt notification of any significant events that occur during this time that may affect the Company's compliance with Nasdaq requirements, including, but not limited to, any event that may call into question the Company's ability to meet the terms of the exception granted.
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TMC | Hot Stocks08:43 EST TMC's NORI, Allsease concluded first integrated system test in Clarion zone - TMC announced that its subsidiary NORI and offshore partner Allseas have successfully concluded the first integrated system test in the Clarion Clipperton Zone of the Pacific Ocean since the 1970s, achieving all significant pilot milestones while collecting approximately 4,500 tonnes of seafloor polymetallic nodules. Over 3,000 tonnes were transported up a 4.3km-long riser system to the surface production vessel, Hidden Gem, while the additional 1,500 tonnes of nodules were purposely left behind on the seafloor as part of the trials. Gerard Barron, CEO & Chairman of The Metals Company said: "We believe in making decisions based on data and evidence, not speculation and sentiment. This pilot collection system trial and monitoring campaign is the single most important milestone in de-risking the NORI-D project and establishing actual data on the environmental impact profile of potential nodule collection operations and improvements we can make going forward." He added: "I'd like to thank the teams aboard all three vessels involved in this complex pilot test and monitoring campaign who have worked tirelessly-some for months-co-ordinating and solving problems together offshore. Hidden Gem is now heading back to port with over 3,000 tonnes of nodules in her hold but the post-collection survey work is still ongoing until the end of the year. We look forward to the completion of this important work and the opportunity to share the data and its implications with the global community as soon as possible."
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FLGC | Hot Stocks08:41 EST Flora Growth partners with 357 Company to launch 357 Canna Logistics - The 357 Company is launching the 357 Canna Logistics division as an expansion beyond its 357 Hemp Logistics division that specializes in shipping federally legal hemp within the U.S. 357 Canna Logistics will initially focus on logistics management and shipping of cannabis and hemp between countries that have legalized it. 357 is launching 357 Canna Logistics with its launch partner, Flora Growth and several other cannabis companies, who are currently shipping throughout the EU, UK, US, and South America, with more countries to be added by year-end.
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BBBY | Hot Stocks08:41 EST Bed Bath & Beyond reports additional senior notes exchanges - Bed Bath & Beyond announced that it has entered into privately negotiated exchange agreements with several existing institutional holders of its 3.749% Senior Unsecured Notes due 2024, 4.915% Senior Notes due 2034 and 5.165% Senior Notes due 2044. The existing holders collectively exchanged approximately $69 million aggregate principal amount of 2024 notes, $5.8 million aggregate principal amount of 2034 notes and $48.2 million aggregate principal amount of 2044 notes. Pursuant to the exchange agreements, Bed Bath & Beyond will issue an aggregate of approximately 11.7 million shares of common stock to the existing holders in exchange for the exchange notes, including accrued and unpaid interest thereon. Following the closing of the transaction, the exchange notes will be cancelled and no longer outstanding. The transaction is expected to close on or about November 16, 2022, subject to customary closing conditions. The transaction is exempt from registration under Section 4(a)(2) and Rule 506(c) under the Securities Act of 1933. Sue Gove, Bed Bath & Beyond's President and CEO said, "Building on our bond exchange transaction from last week, we are pleased to announce additional progress towards greater financial flexibility, with further reduction of our long-term debt, particularly our nearest-term 2024 Notes. Our entire organization is focused on executing our customer-focused priorities of improved assortment and supply as we enter the peak holiday selling season, and driving our business with highly engaged teams, which now includes our new Chief Marketing & Customer Officer who started with us today." Perella Weinberg Partners served as advisor to the institutional holders in this transaction.
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VVPR | Hot Stocks08:39 EST VivoPower to supply Australia's Evolution Group with EV conversion services - VivoPower and its wholly-owned subsidiary, Tembo EV Australia, has entered into a Supply Agreement with the Evolution Group for the full electrification of its fleet of light utility vehicles for traffic management and fleet management. Under the definitive agreement, Tembo Australia will convert existing and new vehicles to full electric over the next 5 years, subject to the successful completion of commercial and technical on-road trials, with a target to have the first fully electrified utility vehicle certified and roadworthy in 2023.
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IPWR | Hot Stocks08:37 EST Ideal Power enters into power module development deal with global automaker - Ideal Power entered into a product development agreement with a top 10 global automaker. Under this agreement, Ideal Power will partner with this automaker's advanced technology development team to develop a custom B-TRAN power module for use in electric vehicle drivetrain inverters in its next generation EV platform. Under this development program, Ideal Power will also collaborate with an innovative packaging company that will produce the custom B-TRAN(TM) modules. The delivery of production-ready B-TRAN-based modules is targeted for 2025.
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SAIC | Hot Stocks08:36 EST SAIC awarded $757M U.S. Army contract for software management services - Science Applications International has been awarded a contract to continue providing software development and management services for the U.S. Army Enterprise Service Desk. The single-award contract has estimated ceiling value of $757M. "We are excited to help the U.S. Army develop an IT enterprise management platform that will replace its legacy systems and provide a better, modernized user experience," said Bob Genter, president, Defense & Civilian Sector at SAIC. "SAIC's proven capabilities in cloud migration, software engineering and IT managed services provide solutions that align with the Army Enterprise Service Management Framework and will enhance IT service delivery across the Army." Under this contract, SAIC will continue existing AESD operations, optimize Army Enterprise Service Management Framework AESMF service delivery processes, and expand the functionality provided by the software as a service environment via optional capabilities. SAIC will also migrate legacy IT service management systems to a modern IT Service Management platform using ServiceNow. Additionally, SAIC will provide service desk solutions to include service desk support for voice, messaging, video teleconferencing, computing, network infrastructure, customer support and information assurance support to the Army.
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JZ | Hot Stocks08:34 EST Jianzhi Education enters strategic cooperation with the Center for training - Jianzhi Education Technology Group announced that the Company has entered into a "Ten Schools and 100 Enterprises Action Plan" strategic cooperation agreement with Modern Industry-Education Integration Promotion Center of Shanghai Pudong New Area, the "Center", to jointly develop initiatives to strengthen collaboration between local governments, schools and enterprises in order to cultivate cross-border e-commerce talents and create a platform ecosystem for modern vocational education, the "Cooperation". In the "14th Five-Year Plan" for the development of e-commerce jointly released by the China's Ministry of Commerce, the Cyberspace Administration and the Development and Reform Commission, a major indicator system for e-commerce development was established for the first time. Pursuant to the Plan, cross-border e-commerce is tagged with strategic value. By 2025, the population engaged in the field of e-commerce in China is expected to reach 70 million and the amount of cross-border e-commerce transactions is expected to grow to RMB2.5 trillion. Jianzhi, the Center, universities and well-known platforms will jointly carry out actions targeting at the cultivation and retention of cross-border e-commerce talents to help solve problems and overcome obstacles related to the shortage and low retention rate of e-commerce talents in lower-tier towns and cities in China. The collaboration also aims to provide persistent talent support and create an intellectual talent pool for industrial upgrading and companies looking to expand businesses abroad in China and Shanghai Pilot Free Trade Zone. Yong Hu, CEO of the Company commented: "We are glad to announce our tie-up with the Modern Industry-Education Integration Promotion Center as both of us see the rise of e-commerce industry in China. For example there are about 500,000 Chinese companies that are already engaged in e-commerce businesses and approximately 10 million more small and medium-sized enterprises are looking for opportunities to expand their businesses in overseas countries. During the first half of 2022, Chinese foreign trade exports exceeded RMB11.1 trillion, up by 13.2% on a year-on -year basis, indicating that there is a great talent shortage amid the growth of Chinese e-commerce sector."
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VNRX | Hot Stocks08:33 EST VolitionRx announces clinical research study with Oncovet - VolitionRx Limited announced a clinical research study with Oncovet, a veterinary referral clinic, specializing in medical and radiation oncology. The non-interventional study is being led by Dr. Jerome Benoit, Oncovet's Clinical Director, and will evaluate circulating nucleosomes of dogs and cats with cancer using Volition's Nu.Q Vet Cancer Test.
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EHTH | Hot Stocks08:33 EST eHealth appoints John Stelben as CFO, effective immediately - eHealth announced that it has appointed John Stelben as CFO, effective immediately. Stelben succeeds Christine Janofsky, who is leaving her role at eHealth. Stelben's most recent experience was at Aetna where he had multiple roles including CFO Governance Services covering Medicare, Medicaid, Federal Employees, and Public Exchange businesses.
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DDD | Hot Stocks08:32 EST 3D Systems announces addition of two new materials to its materials portfolio - 3D Systems announced the addition of two new materials - Certified HX and Certified CuCr2.4 - to its materials portfolio. Both materials are certified for use with the company's DMP Flex 350, and DMP Factory 350 3D printers, and HX is also certified for the DMP Factory 500 to address a breadth of applications requiring high strength and corrosion-resistance in industries such as energy, industrial gas turbines, high tech, consumer goods, aerospace & defense, and automotive.
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VMI | Hot Stocks08:32 EST Valmont to sell offshore wind business to Euro Steel to focus on solar business - Valmont ndustries announced that the Company has entered into a definitive agreement to sell its offshore wind business to Euro Steel, a Denmark-based supplier of steel products to the European wind market. The offshore wind business, known as Valmont SM , was acquired in 2014. It is reported in the Renewable Energy product line in the Company's Infrastructure segment and expected to generate approximately $100M of revenue in fiscal 2022. The Company plans to utilize the net cash proceeds from this transaction toward repayment of short-term borrowings. "A critical aspect of our strategy is to focus our businesses in areas where we see the highest potential for global growth, scalability and value creation," said Stephen G. Kaniewski, Valmont President and CEO. "This transaction enables our Renewable Energy management team to focus exclusively on expanding our solar business, which has tremendous growth opportunities globally and better aligns with our strategy of delivering long-term value to our shareholders. I want to thank our Valmont SM associates for successfully facilitating the efforts to reshape the business toward more profitable growth. We are very pleased that the team will be working with a strong partner who has a shared vision to invest and grow the business to meet increasing market demand for larger turbine and structure sizes." The transaction will generate a GAAP diluted loss per share of approximately $1.20 to $1.45, nearly all due to a non-cash accumulated currency translation loss. The Company expects the transaction, which is subject to customary closing conditions, to be completed in fourth quarter 2022 and plans to reflect the EPS impact as a non-GAAP adjustment to its fourth quarter and fiscal year 2022 net earnings. No further financial details are being provided at this time.
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GIAC | Hot Stocks08:32 EST Freightos announces transactions, gross booking value for Q3 - As previously announced, Freightos has entered into a definitive business combination agreement with Gesher I Acquisition Corp., a special purpose acquisition company, that is expected to result in Freightos becoming publicly listed on Nasdaq. #Transactions grew dramatically to 192 thousand, up 178% year over year and 28% from the second quarter, resulting in GBV of $159 million. The number of air and ocean carriers receiving direct eBookings on the Freightos platform increased to 32. Revenue was $4.7M, up 56% y/y.
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ALIT | Hot Stocks08:30 EST Alight's Worklife platform adds Quit Genius for tobacco cessation services - Alight announced that Quit Genius, the world's first digital clinic for treating multiple substance addictions, has partnered with Alight to provide smoking and vaping cessation through Alight's proprietary Alight Worklife platform. The Quit Genius tobacco cessation program provides a tech-enabled digital clinic designed to help members access evidence-based care wherever they are while helping employers save on healthcare costs. The Quit Genius program produces sustained quit rates that are between 2 and 4 times higher than those typically observed in response to usual care.
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MTX | Hot Stocks08:28 EST Minerals Technologies appoints Erik Aldag as CFO - Minerals Technologies announced that Erik Aldag, Director, Investor Relations, Financial Planning & Analysis, has been promoted to Senior VP, Finance and Treasury, and CFO, succeeding Matthew Garth, who is leaving MTI to pursue another opportunity. Aldag joined MTI in 2017 as Director, Financial Planning & Analysis and assumed the additional responsibility for Investor Relations in 2020. In his new role, Mr. Aldag will serve as an officer of the company and a member of the executive management committee.
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OSS | Hot Stocks08:27 EST One Stop Systems to demonstrate immersion-cooled supercomputer - One Stop Systems and TMGcore, a provider of immersion cooling technology solutions, have introduced a technologically disruptive two-phase liquid immersion-cooled version of the OSS Rigel Edge Supercomputer. TMGcore's immersion-cooled technology solutions leverage non-conductive, chemically inert, non-corrosive fluids. These liquids are similar to water and fully immerse products like Rigel, where the liquid's boiling point properties remove the heat from the electronics efficiently without the use of large heat sinks. The absence of heat sinks allows for very compact rugged platforms. This helps provide high performance in small form factors which are key product features within the AI Transportables space. OSS and TMGcore will demonstrate the new immersion-cooled Rigel Edge Supercomputer at SC22, in Dallas, Texas, on November 14-18. OSS intends to launch multiple liquid-cooled versions of Rigel two-phase immersion starting in the first quarter of 2023.
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TLGA ELIQ | Hot Stocks08:26 EST Electriq Power to become public through TLG Acquisition One merger agreement - Electriq Power and TLG Acquisition One (TLGA) announced that they have entered into a definitive merger agreement. Upon closing of the transaction, which is expected during the first half of 2023, the combined company will operate under the name Electriq Power Holdings and will be led by existing Electriq management with Mike Lawrie joining the board as chairman. The transaction values Electriq at a pro forma pre-money equity value of $495M, and the combined company plans to publicly trade on the NYSE under the symbol (ELIQ). The transaction values Electriq at a pro forma pre-money equity value of $495M and is expected to provide Electriq with up to $125M of capital to fund its growth through a combination of debt and equity. Electriq is in advanced discussions for up to $60M of capital that includes an asset-backed revolving credit facility from a leading institutional investor, a personal convertible debt commitment of up to $8.5M from TLGA CEO Mike Lawrie and other convertible debt to be raised before transaction close. Electriq intends to close and partially fund the revolving credit facility and the convertible debt from Mr. Lawrie before year end 2022. In addition, a meaningful number of shares will be placed into escrow to provide incentives for equity financing commitments. TLGA may also enter into a forward purchase agreement prior to transaction close to backstop redemptions for up to $100M. The boards of directors of both Electriq and TLGA have approved the proposed transaction, which is expected to be completed during the first half of 2023, subject to, among other things, approval by TLGA's stockholders and satisfaction or waiver of the other conditions stated in the definitive documentation. Upon close of the transaction, Electriq's existing shareholders will continue to own a majority of the merged company. Additional information about the proposed transactions, including a copy of the business combination agreement, related ancillary agreements in connection with the proposed business combination, and an investor presentation, will be available in a Current Report on Form 8-K to be filed by TLGA with the Securities and Exchange Commission, which will be available on the SEC's website.
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OSS | Hot Stocks08:25 EST OSS, TMGcore to demonstrate two-phase liquid immersion version of supercomputer - One Stop System, OSS, and TMGcore have introduced a technologically disruptive two-phase liquid immersion-cooled version of the OSS Rigel Edge Supercomputer. TMGcore's immersion-cooled technology solutions leverage non-conductive, chemically inert, non-corrosive fluids. The absence of heat sinks allows for very compact rugged platforms. This helps provide high performance in small form factors which are key product features within the AI Transportables space. OSS president and CEO David Raun commented: "Although Rigel is currently the most compact supercomputer available in the market, as a leader in AI Transportables, we plan to leverage TMGcore's EdgeBox technology to bring more compact, rugged, and higher-performance solutions to market." OSS intends to launch multiple liquid-cooled versions of Rigel two-phase immersion starting in the first quarter of 2023.
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ESSC | Hot Stocks08:24 EST East Stone Acquisition and NWTN announce closing of business combination - East Stone Acquisition and NWTN, an eco-conscious mobility technology company providing passenger-centric green premium mobility solutions, announced that the business combination of East Stone and NWTN was approved by shareholders at a Special Meeting on November 10, and the transaction closed November 11. The combined company will retain the NWTN name, and its Class B ordinary shares and warrants are expected to begin trading on the Nasdaq under the symbol "NWTN" on November 14.
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TEVA | Hot Stocks08:22 EST Teva in pact with HealthSnap to expand consumers acces to Digihaler system - Teva Pharmaceuticals announced a new collaboration with HealthSnap, a leading full-service Virtual Care Management Platform for chronic disease management. The collaboration will enable more consumers to have access to Teva's Digihaler system, a digital health platform designed to enable patients to have more informed treatment discussions with their healthcare providers through personalized care. The collaboration will enable healthcare providers to better integrate patient data into their workflows, supporting proactive remote care across large populations. The platform can be used to monitor and manage large populations by a network of health systems. It can capture objective and actionable data for asthma patients, thereby creating the mechanism for personalized care.
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NVEE | Hot Stocks08:22 EST NV5 Global awarded $15M cultural resources contract in Georgia - NV5 Global has been awarded a three-year, $15M contract to provide cultural resources services to support the design and development of transportation facilities and assets for the Georgia Department of Transportation's Office of Environmental Services. NV5 will deliver engineering services related to archaeological and historical sites, including artifact curation, archaeological survey, testing, permitting, historic rehabilitation studies for structures, and National Register of Historic Places nominations.
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APA | Hot Stocks08:22 EST APA Corp. achieves ESG goal of reducing upstream routine flaring in Egypt - APA Corporation announced the achievement of a compensation-linked environmental, social and governance, ESG, goal to reduce upstream routine flaring across Egypt operations by 40%. The goal was reached ahead of schedule and is the result of numerous emissions reduction projects executed in Egypt throughout 2022. "Our approach to ESG is consistent and intentionally challenging, focusing on near-term actions that drive immediate, high-impact results," said John Christmann IV, APA's CEO and president. "Oil and gas will play a critical role in the global energy mix for decades to come, and we will continue to minimize our environmental impact while meeting rising energy demand. We are confident in the impact of the steps we are taking to reduce our emissions across operating areas."
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ASMB | Hot Stocks08:21 EST Assembly Biosciences begins dosing in Phase 1a trial of ABI-4334 - Assembly Biosciences announced that the first subject has been dosed in the Phase 1a trial of its investigational core inhibitor ABI-4334. 4334 is an investigational next-generation core inhibitor that is optimized for significantly increased potency against covalently closed circular DNA formation and new virus production versus first-generation core inhibitors. In preclinical research, 4334 has demonstrated sub-nanomolar potency against pgRNA encapsidation and 2-3 nanomolar potency against cccDNA formation. The Phase 1a clinical trial is a randomized, blinded and placebo-controlled study that will evaluate the safety, tolerability and pharmacokinetics of 4334 following single ascending dose and multiple ascending dose administration in healthy participants. The objectives of the study include the proportion of subjects with adverse events, premature treatment discontinuation due to AEs and abnormal laboratory results. Results of the trial will support dose selection for a future Phase 2 trial.
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TEVA | Hot Stocks08:21 EST Teva in pact with Rimidi to expand consumers acces to Digihaler system - Teva Pharmaceuticals announced a new collaboration with Rimidi, a clinical management platform designed to optimize clinical workflows, enhance patient experiences and achieve quality objectives.The collaboration will enable more consumers to have access to Teva's Digihaler system, a digital health platform designed to enable patients to have more informed treatment discussions with their healthcare providers through personalized care. The collaboration will enable healthcare providers to better integrate patient data into their workflows, supporting proactive remote care across large populations. The platform can be used to monitor and manage large populations by a network of health systems. It can capture objective and actionable data for asthma patients, thereby creating the mechanism for personalized care..."Digital health platforms will succeed only by seamlessly integrating multiple data sources into workflows and systems like electronic medical records . We believe in building an ecosystem and are delighted to partner with Rimidi as we seek to expand the reach of our platform, and continue to shape digital therapeutics and the integrated care landscape," said Manny Montalvo, Senior Vice President, Head of Digital Health & Innovation at Teva. "We believe that the future of healthcare is in predictive and preventative care, which is a significant paradigm shift from the standard of care today. That is why we will focus our collaboration and our services on facilitating this change, to help providers deliver better care and help patients manage their condition." "Data from Digital Therapeutics like Teva's digital inhalers can provide clinicians with a more holistic picture of their patient's health in between doctor visits," said Lucienne Ide, Founder and CEO of Rimidi. "To improve patient care and outcomes, the patient-generated health data doesn't just need to be available to clinicians between visits, but merged with other clinical data and presented within existing EHR workflows and experience."
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DARE | Hot Stocks08:19 EST Dare Bioscience's DARE-VVA1 shows positive Phase 1/2 results in VVA - Dare Bioscience announced topline data from its Phase 1/2 clinical study of DARE-VVA1, a novel intravaginal proprietary formulation of tamoxifen being developed for the treatment of moderate to severe vulvar and vaginal atrophy. The randomized, double-blind, placebo-controlled study was designed to evaluate the safety, tolerability, pharmacokinetics and pharmacodynamics of DARE-VVA1 in postmenopausal participants with moderate to severe VVA. The topline data from the study demonstrated safety and tolerability of DARE-VVA1, as well as improvement in the vaginal cytology parameters and the bothersome vaginal symptoms associated with VVA. DARE-VVA1 has the potential to be the first therapeutic specifically approved for the treatment of VVA in U.S. patients with HR+ breast cancer. There are currently no FDA-approved products labeled for VVA treatment in HR+ breast cancer patients.
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IMMP | Hot Stocks08:19 EST Immutep receives Australian R&S tax incentive - Immutep Limited announces that it has received a A$986,286, or approximately $659,303, cash rebate from the Australian Federal Government's R&D tax incentive program. The cash rebate provided in respect of expenditure incurred on eligible R&D activities conducted in the 2021 fiscal year, mainly related to the Company's TACTI-002 clinical study using its lead compound eftilagimod alpha, conducted in Australia. This follows approval from AusIndustry of Immutep's application for an Advance/Overseas Finding. Due to the Advance Finding, both Immutep's Australian and overseas research and development activities related to the TACTI-002 Australian sites are eligible for the R&D Tax Incentive.
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UPC | Hot Stocks08:18 EST Universe Pharmaceuticals regains compliance with Nasdaq bid price requirement - Universe Pharmaceuticals received a written notification from Nasdaq informing the company that it has regained compliance with the Nasdaq's minimum bid price requirement and the matter is closed. Nasdaq stated that accordingly, the Company has regained compliance with the Listing Rule.
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URGN | Hot Stocks08:15 EST UroGen Pharma highlights results from Jelmyto trial in British journal - UroGen Pharma highlighted results from a retrospective multi-center study of 32 patients evaluating the safety of antegrade administration of Jelmyto for pyelocalyceal solution via percutaneous nephrostomy tube for the treatment of patients with upper tract urothelial carcinoma, or UTUC. The study titled, "Antegrade Administration of Mitomycin Gel for UTUC via Percutaneous Nephrostomy Tube: A Multi-Institutional Retrospective Cohort Study," provides additional real-world evidence of a favorable safety and tolerability profile for JELMYTO when administered via percutaneous nephrostomy tube and is published in The British Journal of Urology International, November Issue. This retrospective study assessed the safety and feasibility of antegrade administration of Jelmyto via a percutaneous nephrostomy tube in 32 patients from four institutions. Each patient received at least one dose of Jelmyto via PCNT for UTUC, 29 of whom completed induction and underwent primary disease evaluation at a median 17 weeks after the last dose of therapy. At a median follow-up of 15 months following initiation of induction therapy, ureteral stenosis occurred in three of patients. None of these patients had recurrent stenosis at a median 16 months follow- up. Other adverse events included fatigue, flank pain, urinary tract infection, sepsis and hematuria. No patient had impaired renal function during follow-up and there were no treatment-related deaths. Seventeen patients had no evidence of disease at PDE and had not recurred at a median follow-up of 13 months post induction. In both retrograde and antegrade approaches, Jelmyto can be administered as an outpatient procedure in the clinic. Retrograde administration requires administration by a physician via a ureteral catheter which requires fluoroscopic guidance. Antegrade administration may be performed by trained nursing professionals under clean rather than sterile conditions and does not require fluoroscopy once tube placement is confirmed via nephrostogram at the first instillation.
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NMTR | Hot Stocks08:15 EST 9 Meters announces continued immuno-oncology pact with Gustave Roussy - 9 Meters Biopharma announced a continuing collaboration agreement with Gustave Roussy, a cancer center in France, using 9 Meters' small molecule tight junction microbiome modulator NM-102. NM-102 is presumed to prevent gut microbial metabolites and antigens from trafficking into the systemic circulation. This collaboration focuses on the relationship between intestinal microbiome composition and systemic responses to cancer treatments such as chemotherapy and immune checkpoint inhibitors ICIs. Specifically, the work tested the hypothesis that the therapeutic effect of ICIs, such as antibodies to CTLA-4 and PD-1, might be enhanced by preventing bacterial antigens, toxins, and certain metabolites in the gut from interacting with the host immune system utilizing NM-102.These studies showed that NM-102 was effective both when alone and when combined with ICIs in a transgenic mouse model of spontaneous aggressive skin melanoma. Furthermore, the combination of NM-102 with ICIs improved survival compared to ICIs alone. ngoing. The Company intends to move forward with an IND-enabling pathway with indication selection in 2023.
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PEPG | Hot Stocks08:14 EST PepGen announces preclinical data for PGN-EDO53, PGN-EDO45, PGN-EDO44 - PepGen announced NHP exon skipping data for PGN-EDO53, PepGen's product candidate in development for the treatment of Duchenne muscular dystrophy, DMD, patients whose mutations are amenable to an exon 53 skipping approach. PepGen's product candidates in development for the treatment of DMD patients amenable to exon 45 and exon 44 skipping approaches, respectively. Together with PGN-EDO51, PepGen's DMD pipeline candidates, if approved, could treat approximately 50% of patients whose disease is amenable to an exon skipping approach. In this trial, PGN-EDO51 exhibited the highest levels of oligonucleotide delivery and exon skipping in a clinical study following a single dose when compared to publicly available data for other exon 51 skipping approaches. "PepGen is driven by deep commitment to the DMD patient community, and we are very pleased to provide a comprehensive update on our DMD pipeline that supports the potential expansion of our EDO technology to additional patients who are amenable to an exon skipping approach. We are particularly encouraged by the exon skipping levels we observed following a single dose of PGN-EDO53 in NHPs, and the subsequent accumulation of exon 53 skipped transcript with repeated administrations at a monthly interval. These results are consistent with our EDO51 program results to date," stated James McArthur, Ph.D., President and CEO of PepGen. "Notably, repeat dosing of PGN-EDO53 afforded exon skipping levels that were almost three times higher than those observed for a comparator PPMO approach, highlighting the potential of this candidate to deliver meaningful clinical benefits to the 8% of DMD patients who are amenable to an exon 53 skipping approach. The accumulation of exon skipped transcript, which we similarly observed in our Phase 1 healthy normal volunteer (HNV) study of PGN-EDO51, is again further encouraging of the potential power of our EDO platform to address the needs of patients with severe neuromuscular and neurological disease."
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SNAX STKL | Hot Stocks08:13 EST Stryve Foods appoints Whitehair to board of directors - Stryve Foods (SNAX) announced Chris Whitehair as a new addition to the Company's Board of Directors. Whitehair currently serves as Senior Vice President of Supply Chain and Operations for SunOpta (STKL). While in this role over the last several years, he has led the development and execution of optimizing their network.
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IMAX DIS | Hot Stocks08:12 EST IMAX announces biggest domestic November opening ever for 'Black Panther' sequel - IMAX Corporation (IMAX) pounced to its biggest domestic November opening weekend ever en route to a $22.6M worldwide debut for Disney/Marvel's (DIS) "Black Panther: Wakanda Forever". The sequel scored a $14.2M domestic opening weekend in IMAX and the biggest IMAX November opening weekend ever in 26 markets worldwide.
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AMC | Hot Stocks08:12 EST AMC Entertainment announces fourth-highest attended weekend in 2022 - AMC Theatres welcomed an overall more than 4.9M moviegoers at its locations in the United States and internationally, with most of these guests celebrating a return to Wakanda this past weekend. This represents AMC's fourth-highest attended weekend globally in 2022. AMC's global admissions revenue during the weekend, Thursday through Sunday, was well ahead of the same weekend in 2021 by approximately 125%, and also outpaced that same weekend of 2019 by approximately 53%. AMC's performance was driven primarily by the record-setting opening of Marvel's "Black Panther: Wakanda Forever," which set a domestic box office record for films opening during the month of November with reported weekend ticket sales of $180M. It grossed some $330M globally. In the United States, AMC enjoyed its fourth busiest weekend of 2022 and fifth busiest weekend since reopening in 2020. On Saturday in the U.S., AMC recorded its highest food & beverage sales for any November day in AMC's 102-year history. AMC currently expects that Black Panther: Wakanda Forever will wind up being the second highest grossing movie for FY22.
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FOXO | Hot Stocks08:11 EST FOXO Technologies announces agreement with Haven Life - FOXO Technologies announced that its insurance distribution subsidiary, FOXO LIFE, signed a managing general agency agreement with Haven Life, the insurance technology arm and wholly-owned subsidiary of MassMutual, a carrier with over 170 years of strength and stability. FOXO LIFE and Haven Life are announcing this strategic agreement in advance of the NAILBA Annual Meeting, November 14-16, which is the largest gathering of independent life brokerage agencies, insurance carriers and independent distribution product and service providers. Haven Life has been an innovator within the life insurance industry for nearly a decade, introducing an end-to-end, fully digital purchasing experience for term life insurance in 2015 and expanding to other products. "This agreement will allow FOXO LIFE to rapidly expand its footprint among independent agent distribution channels," said Jim Grauel, Jr. Chief Distribution Officer of FOXO LIFE. "We have distribution partners excited to begin contracting and selling the innovative products offered through Haven Life." "The relationship between FOXO LIFE and Haven Life is a perfect fit as we grow within independent agent distribution channels," said Wade Seward, Head of Partnership Distribution at Haven Life. "FOXO LIFE's emphasis on improving the consumer aging experience and enhancing healthy longevity is everything we were looking for in a partner."
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CURLF | Hot Stocks08:10 EST Curaleaf announces strategic national rebrand of Grassroots - Curaleaf Holdings announced the national rebrand of its Grassroots premium cannabis flower brand, and shared details on the brand's previously announced expansion into California with the launch of Diamond Infused Pre-Rolls. The rebrand of Grassroots coincides with the launch of its Grower's Reserve program, an ongoing series of limited-edition collaborations with craft farmers and diverse operators in California.
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BFI | Hot Stocks08:09 EST BurgerFi launches franchising of Anthony's Coal Fired Pizza & Wings - BurgerFi International announced that it has entered into a multi-unit development agreement with NDM Hospitality Services, LLC. The agreement will franchise three Anthony's locations in Florida over the next two years. As part of Anthony's new franchise program being introduced this year, NDM Hospitality is the first franchisee to sign a development deal, which will launch in Kissimmee, FL inside an existing BurgerFi restaurant with a projected opening in Spring 2023.
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TRIN | Hot Stocks08:09 EST Trinity Capital announces $25M stock repurchase program - Trinity Capital announced that its board of directors has authorized a program for the purpose of repurchasing up to $25M worth of thecompany's common stock. Unless amended or extended by Trinity's board of directors, the company expects the repurchase program to be in place until the earlier of November 11, 2023, or until $25M of Trinity's outstanding shares of common stock have been repurchased.
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THER | Hot Stocks08:08 EST Theratechnologies receives final Medicare reimbursement rate determination - Theralink Technologies announced that the company has received the final price determination for Medicare reimbursement, has completed the Medicare enrollment process and received its Provider Transaction Access Number. "Medicare enrollment for the Theralink Assay for Advanced Breast Cancer is an important milestone toward enabling broader access to our novel phosphoprotein assay for patients with advanced breast cancer," said Mick Ruxin, M.D., CEO of Theralink Technologies. "Theralink's Medicare PTAN enrollment and the finalization of our reimbursement rate is a major step in the Company's business growth trajectory. We look forward to the next step in the reimbursement process as it relates to coverage of our test by both Medicare and private payors."
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STRY | Hot Stocks08:08 EST Starry receives notice of NYSE trading share price listing rule non-compliance - Starry Group Holdings announced that on November 8, it had received a deficiency letter from the New York Stock Exchange notifying the Company that it is not in compliance with applicable price criteria in the NYSE's continued listing standards because, as of November 7, the average closing price of the Starry's Class A Common Stock was less than $1.00 per share over a consecutive 30 trading-day period. Pursuant to the NYSE's rules, Starry has a six-month period following receipt of the deficiency letter to bring its share price and average share price back above $1.00. The NYSE rules require Starry to notify the NYSE within 10 business days of receipt of the NYSE notice of its intent to cure this deficiency. Starry plans to notify the NYSE of its intent to cure within the applicable time period. Starry's Class A Common Stock will continue to be listed and trade on the NYSE during this period, subject to Starry's compliance with other NYSE continued listing standards. Starry's receipt of the deficiency letter does not affect the Company's business, operations or reporting requirements with the Securities and Exchange Commission.
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IPG | Hot Stocks08:07 EST Interpublic's Momentum Worldwide appoints Smith as new CEO - Interpublic Group announced management changes for Momentum Worldwide, its global experiential marketing company. Chris Weil, who has led the company for the last twenty years, has decided to pursue a new entrepreneurial venture. Long-time Momentum executive and current President of North America, Donnalyn Smith, will succeed Weil in leading the company as its Global CEO. Smith's appointment is effective immediately. Weil will remain as Chairman until year-end, to support her throughout the transition period and will then serve in a consulting capacity to Interpublic on certain client matters through the full year 2023.
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PCRX | Hot Stocks08:07 EST Pacira reports October preliminary product sales $54.9M - Pacira reported preliminary unaudited net product sales of $54.9M for October. The company's net product sales include Exparel, Zilretta and the iovera degrees system. Exparel net product sales were $45.0M vs. $42.5M for October 2021. Zilretta net product sales were $8.6M for October 2022. Zilretta sales in October 2021 occurred prior to the completion of the company's acquisition of Flexion in November 2021. iovera net product sales were $1.3M for October 2022 vs. $1.2M for October 2021. Since early 2020, the company's revenues have been impacted by COVID-19 and pandemic-related challenges that included the significant postponement or suspension in the scheduling of elective surgical procedures due to public health guidance and government directives. While the degree of impact has diminished during the course of the pandemic due to the introduction of vaccines and the lessening of elective surgery restrictions, certain pandemic-related operational challenges persist. It remains unclear how long it will take the elective surgery market to normalize or if restrictions on elective procedures will recur due to future COVID-19 variants or otherwise.
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NEWP | Hot Stocks08:07 EST New Pacific Metals intersects 591 meters grading 1.03 grams per tonne gold - New Pacific Metals Corp., together with its local Bolivian partner, report additional assay results from the 2022 drill program at its Carangas Silver-Gold Project, Oruro Department, Bolivia. Six new deep drill holes were completed to define the extent of the gold mineralization beneath a shallow silver mineralization zone, which, to date, measures approximately 1,000 metres long, 800 m wide, and up to 200 m thick. The company also completed a 3D Bipole-Dipole IP-MT geophysical survey, which showed a clear correlation between high gold tenors and high chargeability anomalies.
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BEEM | Hot Stocks08:07 EST Beam Global receives $2.9M order from U.S. DHS for Beam EV ARC charging systems - Beam Globa announced that the U.S. Department of Homeland Security, DHS, has ordered 32 Beam EV ARC sustainable off-grid charging systems and 3 ARC Mobility trailers for efficient system transport. The systems will be deployed across 8 locations for Customs Border Patrol, CBP, Federal Law Enforcement Training Centers, FLETC, and the Federal Emergency Management Agency, FEMA. EO 14057 Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability prioritizes federal investment in energy resilient infrastructure for EV charging, powered by locally produced and delivered renewable energy for America's next generation electricity supply. The purchase was made through the General Services Administration Multiple Award Schedule. The DHS charging systems will be deployed in Georgia, Maryland, New Mexico, South Carolina, and 4 locations in Puerto Rico. "Our products are perfect for Executive Order for a Clean Energy Economy: resilient, clean, sustainable and rapidly deployed EV charging infrastructure solutions," said Desmond Wheatley, Beam Global CEO. "We continue to see increasing federal GSA orders and pipeline opportunities citing federal initiatives. Our sustainable EV charging solutions create American manufacturing jobs to build American made products that serve zero emission transportation with 100% locally generated renewable and resilient energy."
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HLI | Hot Stocks08:05 EST Houlihan Lokey has agreed to acquire independent advisory firm Oakley Advisory - Houlihan Lokey has agreed to acquire Oakley Advisory, an independent advisory firm that provides a range of services to clients across the digital infrastructure, communications services, and cloud landscape. This transaction adds substantially to Houlihan Lokey's global coverage of the digital infrastructure sector and significantly augments the existing sector coverage in Europe. Oakley Advisory was formed in 2015 by Managing Partners Chris Godsmark and Christian Maher, who for the previous eight years had built up the firm as Oakley Capital Corporate Finance. The Oakley Advisory team has an industry heritage of more than two decades and provides clients with a full suite of sector specialist services, including private and public company M&A, equity and debt fundraisings, and IPO advisory. To date, the team has completed more than 150 transactions with a combined deal value of over GBP 35 billion and has a large international network of client relationships with corporates, listed companies, private equity funds, infrastructure funds, and family offices. As part of this transaction, Chris Godsmark and Christian Maher join Houlihan Lokey as Managing Directors to spearhead the expansion of the firm's market-leading digital infrastructure coverage into Europe.
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HYMZY | Hot Stocks07:59 EST Hyundai Motor signs MoU with Nusantara Capital City Authority - Hyundai Motor Group has signed a Memorandum of Understandingwith the Nusantara Capital City Authority to work together to establish an advanced air mobility ecosystem in Indonesia. The MoU was conducted during the B20 summit at Bali Nusa Dua Convention Center, Indonesia. The MoU aims to introduce AAM as part of a smart mobility ecosystem in the new capital city that Indonesia is working to establish. The Group plans to develop a roadmap and review the concept of consolidated mobility for ground and air while carrying out an AAM demonstration project and test flights. "Implementing advanced air mobility in Nusantara is in line with OIKN's spirit of being a 'living laboratory' in Indonesia, open to creating a culture of new learning, working and lifestyle," said Bambang Susantono, Head of the Capital City Nusantara Authority. "We value Hyundai Motor Group's cooperation in developing Nusantara as a smart and sustainable city."
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TSN | Hot Stocks07:58 EST Tyson Foods expects to exceed $1B in productivity savings target in FY23 - The company said, "For fiscal 2023, the United States Department of Agriculture (USDA) indicates domestic protein production (beef, pork, chicken and turkey) should decrease approximately 1% compared to fiscal 2022 levels. The following is a summary of the outlook for each of our segments, as well as an outlook for revenues, capital expenditures, net interest expense, liquidity, tax rate and dividends for fiscal 2023. Beginning in fiscal 2022, we launched a new productivity program, which is designed to drive a better, faster and more agile organization that is supported by a culture of continuous improvement and faster decision making. We were targeting $1 billion in productivity savings by the end of fiscal 2024, including more than $400 million in fiscal 2022, relative to a fiscal 2021 cost baseline. We realized more than $700 million of productivity savings in fiscal 2022, which partially offset the impacts of inflationary market conditions, and we now believe we will exceed our $1 billion target in fiscal 2023."
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MDGS | Hot Stocks07:58 EST Medigus subsidiary filed patent with USPTO for wireless charging method - Medigu announced that its wholly owned subsidiary, Charging Robotics, filed a patent application with the United States Patent and Trademark Office, USPTO. The new patent refers to a unique wireless charging method for electric vehicles parked at automatic car parking systems and parking garages."The use of electric vehicles has increased dramatically over the last few years, and the trend is expected to continue growing. Accessible charging stations to the public have become increasingly important as electric vehicle use increases. The latest patent filed by Charging Robotics enables upgrades to current parking solutions and addresses the increasing demand from drivers to easily charge their vehicles," said Liron Carmel, CEO of Medigus. "We believe that Charging Robotics has the capability of solving pressing problems in the electric charging infrastructure sector and providing added value to owners and users of car parks."
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MSSTF | Hot Stocks07:57 EST Mindset Pharma presents preclinical data on MSP-1014 - Mindset Pharma announced data from preclinical studies comparing its novel prodrug of psilocin, MSP-1014, side-by-side to psilocybin across a battery of studies evaluating safety, behavioral and pharmacokinetics properties of both psilocin prodrugs. Psilocybin is a dihydrogen phosphonate prodrug of psilocin, which is thought to mediate antidepressant effects primarily by activation of 5-HT2A receptor subtype. While psilocin showed partial agonism effect at the 5-HT2A receptor, both psilocybin and MSP-1014 exhibited substantially lower EC50 and Emax values compared to psilocin, consistent with the fact that the psychedelic effects of psilocybin are mediated by its major metabolite, psilocin. Bocomotor activity and core body temperature were reduced following administration of psilocybin, but not MSP-1014, which suggests MSP-1014 may be better tolerated than psilocybin. The safety of a single administration of MSP-1014 was compared to equimolar doses of 1, 5 and 30 mg/kg psilocybin and the safety profile of both drugs was similar with transient decreases in both LMA and BT being the primary behavioral observations. No change in clinical pathology parameters were observed for either drug and the no observable adverse effect level exceeded the doses tested.
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ORMP | Hot Stocks07:57 EST Oramed signs deal with Medicox to commercialize oral insulin in South Korea - Oramed Pharmaceuticals announced it has signed an exclusive commercial distribution agreement for the Republic of Korea with Medicox Co., Ltd., an emerging biotech company. The agreement grants Medicox an exclusive license to apply for regulatory approval for and distribute Oramed's oral insulin candidate for ten years in the Republic of Korea. Medicox will purchase ORMD-0801 at an agreed upon transfer price and will additionally pay Oramed up to $18M, $2M of which have already been received by Oramed to date, in developmental milestones and up to 15% royalties on gross sales. Medicox will additionally be responsible for gaining regulatory approval in Republic of Korea.
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CRON | Hot Stocks07:55 EST Cronos Group appoints James Holm as CFO - Cronos Group appointed James Holm as CFO, effective immediately. Holm succeeds Bob Madore, who is leaving the company. Holm most recently served as the Global VP of Finance Transformation at Vertiv, a global provider of critical digital infrastructure and continuity solutions, where he led the company's centralization, standardization and optimization to a Global Shared Service hub for finance processes. Before joining Vertiv, Holm served as Finance Leader, Finance Solutions & Process Transformation Organization at Worldpay.
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KLR | Hot Stocks07:53 EST Kaleyra receives NYSE non-compliance letter regarding stock trading price - Kaleyra announced that the company received a written notice from the New York Stock Exchange that it was not in compliance with the continued listing criteria set forth in Section 802.01C of the NYSE's Listed Company Manual, as the average closing price of the company's common stock was less than $1.00 per share over a consecutive 30 trading-day period. The Company intends to respond to the NYSE within ten business days of receipt of the Notice with respect to its intent to cure the deficiency, as required by Section 802.01C. The company intends to consider available alternatives, including, but not limited to, a reverse stock split, subject to shareholder approval, if necessary, to regain compliance. Pursuant to Section 802.01C, the company has a period of six months following the receipt of the Notice to regain compliance with the minimum share price requirement. The company may regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the six-month cure period the Common Stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the consecutive 30 trading-day period ending on the last trading day of that month. If the company is unable to regain compliance with the $1.00 share price rule within this period, the NYSE will initiate procedures to suspend and delist the Common Stock.
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RCAT | Hot Stocks07:53 EST Red Cat appoints Mary Beth Long to Board - Red Cat has appointed Mary Beth Long to its board of directors. Long served as assistant secretary of defense for international security affairs in the Office of the Secretary of Defense from 2007 to 2009. Long's law firm, MB Long & Associates PLLC, specializes in export compliance and defense. She is also co-founder and principal of Global Alliance Advisors and owner of Askari Defense and Intelligence, LLC.
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SLSSF | Hot Stocks07:53 EST Solaris Resources announces assay results from Warintza Project - Solaris Resource reports assay results from a series of holes aimed at delineating resources at the Warintza East discovery within its Warintza Project in southeastern Ecuador. Jorge Fierro, Vice President, Exploration, commented: "Drilling to date covers only a small portion of the Warintza East discovery, which represents a target for major resource growth. Further extensional and step-out drilling is planned to the east and southeast with a 400m step-out platform located on the southern margin of the drill grid targeting strong soil anomalism in this area."
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FDMT | Hot Stocks07:52 EST 4D Molecular announces interim Phase 1/2 clinical data of wet AMD candidate - 4D Molecular announced interim clinical data from cohort 1 of the Phase 1/2 clinical trial of intravitreal 4D-150 for wet AMD. The data focused on safety, tolerability, aflibercept transgene expression and anti-VEGF clinical activity of the 4D-150 genetic medicine in patients enrolled in cohort 1. R100 was invented at 4DMT for intravitreal delivery, penetration through the internal limiting membrane barrier, and efficient transduction and transgene expression within retinal cells in a broad distribution across the entire retina. The Dose Exploration stage has now been completed with three cohorts enrolled, 15 patients total. 4D-150 was safe and well tolerated to date, with no serious adverse events or dose-limiting toxicities reported. No clinically significant intraocular inflammation, no endophthalmitis, no retinal vasculitis, no retinal artery occlusion, no choroidal effusions and no hypotony were reported to date. 4D-150-mediated expression of the aflibercept transgene protein was demonstrated in the aqueous humor of the eye at 12 weeks after 4D-150 injection in all patients' samples evaluated to date. In all three patients, aflibercept concentrations were in a therapeutically active range. Following intravitreal 4D-150, the annualized anti-VEGF injection rate was reduced by 96.7%. 80% of patients have remained anti-VEGF injection-free. Expects to initiate enrollment of the randomized Phase 2 stage of the trial in Q1 2023. Expects to release additional clinical data from all three Dose Exploration cohorts on this trial in Q2 2023.
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VNTR | Hot Stocks07:52 EST Venator Materials to divest iron oxide business for $140M - The company said, "In addition to the recently announced $51 million sale-leaseback transaction, we have entered into a definitive agreement to sell our iron oxide business from within our Color Pigments business to Cathay Industries for an enterprise value of $140 million. The average EBITDA of this business in 2020 and 2021 proforma adjusted for the impact of the sale-leaseback was $16 million. We believe Cathay will be an excellent long-term strategic owner of the business going forward. The transaction is expected to close by the end of the first quarter in 2023."
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SG | Hot Stocks07:49 EST Sweetgreen opens first order ahead drive-up format, 'sweetlane' - Sweetgreen announced the opening of its first advanced order vehicle pickup window, "sweetlane" located in Schaumburg, IL. The grand opening of "sweetlane" on November 15 serves as the latest iteration of the company's evolving restaurant experience, testing new formats to meet customers where they are. sweetgreen opens first order ahead drive-up format, "sweetlane" As the first of its fleet, the "sweetlane" provides an effortless experience for visitors in vehicles to pickup online orders through a drive-up window. To order via "sweetlane," customers place their order through the sweetgreen website or app, and choose "sweetlane" as their desired retrieval method under "Select a Pickup Location." When their order is ready, guests can drive through the "sweetlane" to pick up their meal. As they wait, guests can observe team members preparing orders with fresh ingredients through a round observation window-bringing the in-store experience to every touchpoint in the new format. Dine-in and pickup inside the restaurant will also be available.
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APTO | Hot Stocks07:47 EST Aptose treats first patient with dosing of continuous G3 form of luxeptinib - Aptose Biosciences announced dosing of the first patient to receive a continuous dosing regimen of the G3 formulation of luxeptinib, a potent, non-covalent oral inhibitor of BTK and FLT3, in the ongoing Phase 1a/b clinical trial in patients with relapsed or refractory acute myeloid leukemia.The new G3 formulation thus far has been tested as a single dose in 20 patients from an ongoing Phase 1 clinical program of luxeptinib. Patients now will receive continuous dosing at the 50mg G3 Q12h dose, with the protocol allowing for further dose escalation of G3 in subsequent patients. "We're pleased to incorporate the new G3 formulation of luxeptinib into our clinical trial," said William G. Rice, Ph.D., Chairman, President, and Chief Executive Officer. "Preclinically, Lux is an extraordinary molecule, eradicating tumors with the absence of toxicity, and clinically, one patient administered the original G1 formulation in the AML trial achieved exposures that enabled a complete remission (CR). We are hopeful the G3 formulation will result in greater exposures of luxeptinib and additional responses in this difficult-to-treat patient population."
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CWH | Hot Stocks07:47 EST Camping World acquires Ashley Outdoors in Salem, Alabama, no terms - Camping World Holdings announced an agreement to acquire Ashley Outdoors, a family-owned RV Dealership, in Salem, Alabama. The acquisition is anticipated to close in the first quarter of 2023 and will add to Camping World's existing Alabama locations in Calera, Dothan, Anniston, and Robertsdale. "This acquisition continues our growth strategy by providing additional service and product excellence to our growing customer base in the Southeast," said Marcus Lemonis, CEO and Chairman of Camping World. "Ashley Outdoors has been highly respected in Alabama and Georgia for many years, with their people-minded focus, which includes their associates and customers. We look at this acquisition as a unique opportunity to rapidly increase our presence in this market while continuing a strong culture of serving customers top selection and service."
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STSA | Hot Stocks07:45 EST Satsuma Pharmaceuticals announces results from SUMMIT phase 3 trial of STS101 - Satsuma Pharmaceuticals reported topline results from the STS101 SUMMIT Phase 3 efficacy trial. Although topline data showed numerical differences in favor of STS101 5.2 mg versus placebo on the pre-specified co-primary endpoints of freedom from pain and freedom from most bothersome symptom at two hours post-administration, these differences did not achieve statistical significance. STS101 did, however, demonstrate significant effects on both freedom-from-pain and MBS-free endpoints by three hours post-dose and at all subsequent timepoints at which efficacy was assessed. In addition, STS101 was statistically superior to placebo on multiple key secondary endpoints considered clinically relevant and recommended for assessment in acute-treatment-of-migraine efficacy trials by the U.S. Food and Drug Administration in its current industry guidance document and/or the International Headache Society's guidelines for controlled trials. Consistent with clinical trial experience to date, STS101 demonstrated a favorable safety and tolerability profile in SUMMIT. "We are surprised and disappointed that STS101 did not demonstrate statistically significant superiority over placebo at two-hours post treatment on the SUMMIT study co-primary endpoints," stated John Kollins, Satsuma's President and Chief Executive Officer. "However, based on our interactions to date with the FDA, we believe the results from the STS101 Phase 1 pharmacokinetic and ASCEND Phase 3 open-label, long-term safety trials will support the STS101 NDA filing and marketing approval. A large proportion of people with migraine do not achieve sufficient and sustained relief with current treatments, and we believe that in total, the data from the STS101 clinical program, in which more than 1,600 subjects treated more than 8,500 migraine attacks with more than 10,000 doses of STS101, demonstrate that STS101 has a differentiated profile and may address the unmet needs of many patients." In addition, Satsuma announced that it does not plan to invest in commercializing STS101 and will actively explore alternatives to maximize value for shareholders, while minimizing cash expenditures. As of October 31, 2022 the company had estimated cash and equivalents $59.4 million.
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PDCO | Hot Stocks07:44 EST Patterson Companies enters agreement to acquire Dairy Tech, no terms - Patterson Companies announced that it has, through a subsidiary, signed an agreement to acquire substantially all of the assets of Dairy Tech, Inc., a Colorado-based company that provides pasteurizing equipment and single-use bags that allow dairy producers to produce, store and feed colostrum for newborn calves, as well as product offerings for beef cattle producers. Upon closing, the acquisition will expand Patterson Animal Health's value-add platform by adding these products and solutions to their suite of offerings. Dairy Tech is a privately held company founded in 1999. The acquired business will maintain its domestic and international commercial presence, enhanced by Patterson's extensive sales force and customer relationships, with integration of Dairy Tech employees into the Patterson Animal Health team. Terms of the transaction are not being disclosed. Patterson expects to close the transaction during its third fiscal quarter of FY2023
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INFI | Hot Stocks07:42 EST Infinity Pharma provides MARIO-3 update in TNBC patients - Infinity Pharmaceuticals reported an update from its MARIO-3 study of eganelisib in combination with atezolizumab and nab-paclitaxel in front-line metastatic triple negative breast cancer TNBC patients. "Given our goal of improving long-term patient outcomes, we are particularly pleased to see that the addition of eganelisib to standard of care therapy showed benefit in the one-year progression free survival rate in MARIO-3 regardless of PD-L1 status," said Robert Ilaria, Jr., MD, Chief Medical Officer of Infinity. "These data reinforce the positive two-year landmark overall survival data from MARIO-275 in 2L urothelial cancer, also regardless of PD-L1 status, and the encouraging PFS observed in checkpoint inhibitor refractory squamous cell cancer of the head and neck in our MARIO-1 study, which all support the potential of eganelisib to improve long term outcomes for patients."
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AIM | Hot Stocks07:42 EST AIM ImmunoTech announces presentation of data on Ampligen in CNK regimen - AIM ImmunoTech announced the presentation of positive data from research led by Roswell Park Comprehensive Cancer Center medical oncologist Shipra Gandhi, MD, evaluating Ampligen as a component of a CKM regimen for the treatment of early-stage triple negative breast cancer, TNBC. The data are being presented by Roswell Park Comprehensive Cancer Center in a poster presentation at the Society for Immunotherapy of Cancer 37th Annual Meeting being held virtually and in Boston, MA, November 8-12, 2022. Title: "Safety and efficacy of de-escalated neoadjuvant chemoimmunotherapy of triple negative breast cancer using chemokine-modulating regimen." In a Phase 1 study, 9 patients with stage I-III TNBC were treated with paclitaxel 80 mg/m2 IV weekly for 12 weeks and CKM for the first 3 weeks, days 1-3. Dose-limiting toxicity was defined as grade 3 or higher toxicities within the first 3 weeks. The primary endpoint was safety and tolerability. Secondary endpoints included pCR rate. Tumor and blood biomarkers were analyzed in exploratory studies. The results of the study demonstrated that treatment was well-tolerated with mostly grade 1 or 2 treatment-related adverse events without DLTs or delayed or immune-related toxicities. Grade 3 TRAEs included neutropenia attributed to CKM or paclitaxel, pneumonia and anemia attributed to AC. Additional pneumonia and skin squamous cell carcinoma in situ were observed, unrelated to study treatment. Paclitaxel- or AC-related toxicities were not higher than expected.
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REAX | Hot Stocks07:40 EST The Real Brokerage Inc. announces Andrew Kazeniac as COO - The Real Brokerage announced Andrew Kazeniac has been appointed COO, effective immediately. As COO, Kazeniac will be responsible for driving operational efficiencies and continuing to enhance the level of service provided to Real agents through its technology platform. Most recently, he served as Vice President of Retail Operations at Drizly.
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TRQ RIO | Hot Stocks07:35 EST Turquoise Hill comments on Rio Tinto transaction - Turquoise Hill (TRQ) said, "Regarding the transaction with Rio Tinto (RIO) and its impact on the future of the Company. If our minority shareholders approve the transaction we will proceed with the orderly wind-up and delisting of the Company and will ensure that our employees are treated fairly and respectfully throughout that process. If the transaction does not proceed, we will continue to manage the Company on a standalone basis. Our immediate priority will be to address our liquidity requirements by implementing all elements of the binding funding Heads of Agreement with Rio Tinto. Oyu Tolgoi is a tier one, low cost, high grade operation with a long life of mine that will deliver value for Turquoise Hill stakeholders for decades to come."
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ASND | Hot Stocks07:34 EST Ascendis Pharma submits EMA marketing authorisation for Transcom - Ascendis Pharma has submitted a Marketing Authorisation Application to the European Medicines Agency - EMA - for TransCon PTH in adult patients with hypoparathyroidism. TransCon PTH is an investigational prodrug designed to restore parathyroid hormone to physiological levels over 24 hours in adult patients with hypoparathyroidism. Hypoparathyroidism is a rare disease that affects an estimated 85,000-223,000 patients in Europe. TransCon PTH has been generally well tolerated, with no discontinuations related to study drug. The company's New Drug Application for TransCon PTH for adult patients with hypoparathyroidism is under Priority Review by the FDA, with a PDUFA target action date of April 30, 2023. TransCon PTH has been granted orphan designation in the U.S. and European Union.
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PNT LNTH | Hot Stocks07:33 EST Point Biopharma, Lantheus announce strategic collaboration for PNT2002, PNT2003 - Lantheus (LNTH) and POINT Biopharma Global (PNT) announced a set of strategic collaboration agreements in which Lantheus will license exclusive worldwide rights1 to POINT's PNT2002 and PNT2003 product candidates. Upon consummation of the agreements, in exchange for the exclusive worldwide rights1, Lantheus will pay a total of $260M in upfront payments between the two agreements to POINT, with the potential for additional milestone payments of approximately $1.8B between the two products based on U.S. Food and Drug Administration, FDA, approval and net sales and commercial milestones. Additionally, Lantheus will pay POINT royalties on net sales, beyond certain financial thresholds and subject to conditions, of 20% for PNT2002 and 15% for PNT2003. Lantheus expects the agreements to drive long-term, sustainable revenue and free cash flow growth and be accretive to its Adjusted Earnings Per Share shortly following commercialization of PNT2002. Under the agreements, POINT will fund and complete its Phase 3 SPLASH trial for PNT2002, following which Lantheus will file the New Drug Application in collaboration with POINT. For PNT2003, POINT will facilitate completion of the ongoing University Health Network-sponsored ongoing OZM-067 study in Canada, while Lantheus will prepare and submit the regulatory filings in the U.S. Upon consummation of the agreements, the companies will form joint steering committees to oversee the clinical studies, regulatory filings, manufacturing and commercial readiness for both PNT2002 and PNT2003. POINT will develop commercial production capacity and manufacture clinical and commercial supply for both PNT2002 and PNT2003. Lantheus has the rights to commercialize both assets post regulatory approval.
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APGN | Hot Stocks07:32 EST Apexigen announces positive Phase 2 results of sotigalimab in liposarcoma - Apexigen announced topline data from an ongoing Phase 2 trial evaluating sotigalimab, Apexigen's agonist antibody targeting CD40, in combination with standard of care doxorubicin, in patients with advanced soft tissue sarcoma. In the subgroup of patients with liposarcoma, the second most common STS, treatment with sotigalimab combined with dox resulted in a median progression-free survival of 12.45 months relative to the historically observed mPFS of less than 5 months in patients treated with dox monotherapy. The objective of this ongoing study is to evaluate the efficacy of this novel combination and to further characterize the safety and feasibility of the combination of sotigalimab with dox. Sotigalimab combined with dox led to encouraging PFS in the completed LPS cohort consisting of dedifferentiated liposarcomas. As of September 27, 2022, of the 10 evaluable patients with LPS, the mPFS was 12.45 months, which compares favorably to the historically observed mPFS of LPS patients treated with dox alone. Results support the initiation of an expansion cohort with an additional 10 patients to inform a potential phase 3 registration-enabling trial in first-line LPS patients.
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MHH | Hot Stocks07:31 EST Mastech names Michael Fleishman CEO of Data & Analytics Services unit - Mastech Digital announced the appointment of Michael Fleishman as the CEO of Mastech InfoTrellis effective immediately. The company said: "In this role, Mr. Fleishman will lead our Data and Analytics Services segment in becoming a true Digitally Integrated Business by capitalizing on the Company's core strengths in data management, data analytics and cloud services. Fleishman's record of driving revenue growth for large and medium-size enterprises is an attractive attribute at this stage of our Company's evolution."
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BRKR | Hot Stocks07:30 EST Bruker announces deal to acquire Neurescence, terms undisclosed - Bruker Corporation announced the signing of the definitive agreement to purchase 100% of the shares of Neurescence. Neurescence's flagship product Chromatone moves illumination and detection hardware off the animal head. This enables simultaneous imaging and stimulation of three sub-types of neurons in up to four regions for flexible investigation of the central nervous system with single-neuron resolution in naturalistic behavior. This platform creates strong synergies with Bruker's existing Ultima multiphoton solutions and newly acquired Inscopix head-mounted miniscopes. Financial details of the agreement were not disclosed. "Our differentiated system provides a viable means of performing multi-region-of-interest investigation with minimal weight impact to subject animals," said Dr. Yasaman Soudagar, Co-Founder and CEO of Neurescence. "Now, with Bruker, we can greatly increase the worldwide reach of this technology to enable researchers to gain deeper knowledge of neural network functions."
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GECC | Hot Stocks07:29 EST Great Elm Capital partners with Berkadia to launch healthcare finance venture - Great Elm Capital announced that it has launched Great Elm Healthcare Finance with an affiliate of Berkadia Commercial Mortgage as its strategic minority partner. Led by healthcare finance veteran, Michael Gervais, and a management team with significant healthcare expertise, GEHF will also be supported by Great Elm Specialty Finance's existing infrastructure. Michael Keller, President of GECC's Specialty Finance Business said, "On behalf of Great Elm Specialty Finance, we are thrilled to partner with Berkadia on this venture. We have a long-standing relationship with Berkadia's senior management and have worked with them on numerous opportunities over the years. We believe we have a high-quality management team led by Mike Gervais. He has a tremendous track record of building healthcare financing businesses. Together, the GECC/Berkadia partnership, healthcare management team and Great Elm infrastructure will allow this venture to begin on an accelerated path."
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ASTS | Hot Stocks07:28 EST AST SpaceMobile deploys commercial communications array in low Earth orbit - AST SpaceMobile announced that it had successfully completed deployment of the communications array for its test satellite, BlueWalker 3 BW3" in orbit. 693-square foot array on Blue Walker 3 successfully completed deployment. BW3 is the largest-ever commercial communications array deployed in low Earth orbit and is designed to communicate directly with cellular devices via 3GPP standard frequencies at 5G speeds. Now that it has been unfolded, the satellite spans 693 square feet in size, a design feature critical to support a space-based cellular broadband network. The satellite is expected to have a field of view of over 300,000 square miles on the surface of the Earth.
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PDSB | Hot Stocks07:28 EST PDS Biotechnology announces updated clinical data from IMMUNOCERV trial - PDS Biotechnology announced that updated clinical data from the ongoing IMMUNOCERV Phase 2 clinical trial was presented during a poster session on November 11 at the 37th Annual Meeting for the Society for Immunotherapy of Cancer. These data expand upon results detailed in the abstract submitted to SITC 2022 that was released to the public on November 7. The enhanced data was presented in the poster titled, "IMMUNOCERV, an Ongoing Phase II Trial Combining PDS0101, an HPV-Specific T Cell Immunotherapy, with Chemotherapy and Radiation for Treatment of Locally Advanced Cervical Cancers," which highlights key findings from The University of Texas MD Anderson Cancer Center-led IMMUNOCERV Phase 2 clinical trial. The study is investigating PDS0101 in combination with standard-of-care chemoradiotherapy. New data from the study presented at SITC 2022 include:9 of the 17 patients have now completed a day 170 post-treatment Positron Emission Tomography, Computed Tomography scan to assess the status of their cancer; 100% of patients treated with the combination of PDS0101 and CRT had a clinical response with tumor shrinkage greater than60% at mid-point evaluation by MRI; 89% of patients treated with the combination of PDS0101 and CRT demonstrated a complete response on day 170 by PET CT. One patient who received 3 of the 5 scheduled doses of PDS0101 showed signs of residual disease; 1-year disease-free survival and 1-year overall survival of 89% (8/9) in patients treated with the combination of PDS0101 and CRT. In addition, a second poster titled "Immune Correlates Associated with Clinical Benefit in Patients with Checkpoint Refractory HPV-Associated Malignancies Treated with Triple Combination Immunotherapy," reported data from the Phase 2 triple combination trial. The study is investigating PDS0101 in combination with two investigational immune-modulating agents: M9241, a tumor-targeting IL-12, and bintrafusp alfa, a bifunctional checkpoint inhibitor. Highlights included: A more than two-fold increase in HPV16-specific T cells in the blood of 79% of the evaluated patients; Increases on day 15 in several monitored immune correlates, such as granzyme B and interferon-gamma, were associated with a clinical response; Immune responses were associated with increases in natural killer cells, soluble granzyme B, IFN-gamma, tumor necrosis factor-alpha; These immunogenicity findings highlight the potential role of the combination in altering immune suppressive forces.
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TAC | Hot Stocks07:27 EST TransAlta announces public offering of senior notes - TransAlta Corporation announced it has commenced a U.S. public offering of its senior notes. TransAlta intends to use the net proceeds from the sale of the notes to repay C$100M drawn on its credit facility and replace balance sheet cash used to fund the repayment in full of TransAlta's 4.500% unsecured senior notes on November 15, 2022 and pay any related fees and expenses. TransAlta also intends to allocate an amount equal to the net proceeds from this offering to finance or refinance, in part or in full, new and/or existing eligible green projects in accordance with our Green Bond Framework. The Framework received a second-party opinion from Sustainalytics which verified that it aligned with the Green Bond Principles from the International Capital Markets Association. The precise timing, size and terms of the offering are subject to market conditions and other factors. RBC Capital Markets LLC, BofA Securities Inc. and CIBC Capital Markets LLC are joint book runners for the offering which is being made pursuant to a preliminary prospectus supplement dated November 14, 2022, to a short form base shelf prospectus of TransAlta dated June 28, 2021, which forms a part of and is included in TransAlta's registration statement on Form F-10.
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ITMZF | Hot Stocks07:25 EST React Gaming retains Leigh Hughes as its permanent CEO - React Gaming Group announces that it has retained Leigh Hughes as its permanent CEO. "Leigh has proven to be a strong leader since his appointment as Interim CEO in June and we are thrilled that he has agreed to remain as React Gaming's permanent CEO," said Philip Nolan, a director of React Gaming. "His strong business acumen and his leadership have allowed us to work as a team and have already delivered some very positive results, namely through the various partnerships that have been executed and our ongoing activities to drive growth. We believe that Leigh has the capacity to unlock React Gaming's full potential and create sustainable long-term value for our shareholders." As previously reported, Leigh Hughes is an entrepreneur and venture capitalist with over 20 years of experience working with private and public companies across the globe, particularly in North America, Australia and the Asia-Pacific region.
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HRT | Hot Stocks07:24 EST HireRight announces $100M share repurchase program - HireRight announced its board of directors has authorized a two-year $100M share repurchase program. Under the repurchase program, the company may purchase shares of its common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions, or other means, including through Rule 10b5-1 trading plans. The timing and actual number of shares repurchased will depend on a variety of factors, including stock price, trading volume, market conditions and other general business considerations. The repurchase program may be modified, suspended, or terminated at any time. Repurchases under this program may be funded from the company's existing cash and cash equivalents and future cash flows. As of September 30, the company had $146.5M in cash and cash equivalents.
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EXAI | Hot Stocks07:23 EST Exscientia and MD Anderson launch strategic collaboration - Exscientia and The University of Texas MD Anderson Cancer Center announced a strategic collaboration to align the patient-centric artificial intelligence capabilities of Exscientia with the drug discovery and development expertise of MD Anderson in order to advance novel small-molecule oncology therapies. The research collaboration will utilise Exscientia's precision medicine platform to identify novel anti-cancer, cell-intrinsic small-molecule compounds based on jointly identified therapeutic targets. Promising candidates will advance for further development with the team at MD Anderson's Therapeutics Discovery division. The collaborators anticipate that successful target discovery programs may be advanced into proof-of-concept clinical trials at MD Anderson. " Exscientia will collaborate with the team at IACS, a drug discovery engine focused on developing novel small-molecule therapeutics. IACS is a core component of MD Anderson's Therapeutics Discovery division, an integrated team of researchers, physicians and drug development experts working to advance impactful new therapies. Under the agreement terms, Exscientia and MD Anderson will jointly contribute to and support each program designated to move forward.
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KZR | Hot Stocks07:22 EST Kezar Life Sciences presents complete data set from MISSION trial - Kezar Life Sciences announced that it presented the complete data set from the MISSION Phase 2 clinical trial evaluating zetomipzomib in active lupus nephritis, or LN, at the American College of Rheumatology, or ACR, Convergence in Philadelphia, Pennsylvania. The MISSION Phase 2 clinical trial was an open-label study designed to demonstrate the responder rate of zetomipzomib in patients with active LN. During the 24-week treatment period, patients received 60 mg of zetomipzomib subcutaneously once weekly in addition to stable background therapy. End-of-treatment, or EOT, assessments occurred at Week 25, with completion of the study at Week 37. Patients in the MISSION Phase 2 clinical trial received zetomipzomib without induction therapy, which represents a significant difference from other recently published clinical trials in LN. The primary efficacy endpoint for this trial was the proportion of patients achieving an overall renal response, or ORR, measured as a 50% or greater reduction in urine protein to creatinine ratio, or UPCR, at EOT. A key secondary efficacy endpoint was the number of patients with a complete renal response, or CRR, measured as an absolute reduction in proteinuria values to a UPCR of 0.5 or less, with preserved renal function, or eGFR, and corticosteroid use of 10 mg or less prednisone/prednisone equivalent and no use of prohibited medication. Exploratory endpoints included measures of systemic lupus erythematosus, or SLE, disease activity, including Systemic Lupus Erythematosus Disease Activity Index 2000, or SLEDAI-2K, Cutaneous Lupus Erythematosus Severity Index-Activity, or CLASI-A, Physician Global Assessment and Patient Global Assessment scores. In the MISSION Phase 2 clinical trial, 17 of 21 enrolled patients reached end-of-treatment at Week 25 and end-of-study at Week 37. Zetomipzomib treatment demonstrated steady and clinically meaningful renal responses with additional ORRs and CRRs observed during the safety follow-up period. 10 out 17 patients achieved an ORR as early as Week 13. At EOT, 11 of 17 patients achieved an ORR, measured as a 50% or greater reduction in UPCR compared to baseline, the primary endpoint of the clinical trial. During the safety follow-up period, clinical responses deepened, and ORRs increased to 16 of 17 patients at Week 29 and 15 of 17 patients at EOS. In addition, UPCR was reduced to clinically meaningful levels: 11 of 17 patients achieved a UPCR of 0.5 or less at EOS. 15 of 17 patients (88.2%) achieved a UPCR of 0.7 or less at EOS. Median UPCR was 0.32 at EOS. 5 out 17 patients achieved a CRR as early as Week 13. At EOT, 6 of 17 patients achieved a CRR, a key secondary efficacy endpoint, measured as a UPCR of 0.5 or less, stable eGFR, daily prednisone/prednisone equivalent dose of 10 mg or less, and no use of prohibited medication. During the safety follow-up period, an additional patient achieved a CRR, with the total CRRs increasing to 7 of 17 patients at Week 29 and EOS, demonstrating a deepening renal response throughout the 37-week trial. Urinary CD163, a biomarker that is associated with active inflammation in the kidney, decreased and showed a strong correlation to UPCR across all timepoints in the study. These data suggest that patients had active inflammation at baseline despite standard-of-care therapy and that the addition of zetomipzomib reduced inflammation. By Week 13, 14 of 17 patients achieved a daily corticosteroid dose of 10 mg or less, despite no protocol-mandated steroid taper. Doses of background immunosuppressive agents remained stable throughout the study, including during the 12-week safety follow-up. Key measurements of SLE disease activity were reduced. There was no evidence of early rebound of inflammation following discontinuation of zetomipzomib. SLEDAI-2K, a global assessment of SLE disease activity, reduced from a mean of 11.3 at baseline to 6.5 at EOT and 5.8 at EOS. CLASI-A, a measure of active SLE skin disease, was elevated in 11 patients at baseline, and was reduced from a mean of 5.7 at baseline to 2.6 at EOT and 3.0 at EOS. Physician Global Assessment scores reduced from a mean of 57.2 at baseline to 23.9 at EOT and 16.2 at EOS. Patient Global Assessment scores reduced from a mean of 23.6 at baseline to 10.7 at EOT and 6.6 at EOS. Biomarkers of SLE activity improved or normalized in patients with abnormal baseline levels. Of the 12 patients with abnormal levels of double-stranded DNA antibody levels at baseline, 10 patients showed improved or normalized levels of anti-dsDNA at EOT, and improvement was maintained in 9 patients at EOS. 4 of 5 patients with abnormally low C3 complement at baseline demonstrated improvement at EOT. 3 of 4 patients with abnormally low C4 complement at baseline demonstrated improvement at EOT. Zetomipzomib continued to be well-tolerated over the course of the 37-week trial, demonstrating a favorable safety and tolerability profile with no new safety signals during the follow-up period. Overall, adverse events were generally mild-to-moderate and were consistent with what was previously reported with topline data from the MISSION Phase 2 clinical trial. Early terminations occurred in 4 out of 21 patients. No opportunistic or Grade 3 infections were reported in the trial.
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AVNS | Hot Stocks07:17 EST Avanos appoints Sudhakar Varshney as SVP, global supply chain & procurement - Avanos Medical announced that Sudhakar Varshney has been appointed senior vice president, global supply chain & procurement. Varshney joins Avanos from Antylia Scientific, a bioprocessing and life sciences organization, where he was senior vice president, global operations.
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TMHC | Hot Stocks07:16 EST Taylor Morrison unveils new build-to-rent brand, Yardly - Taylor Morrison unveiled a new brand name, Yardly. "Specializing in cottage-style, for-rent homes with private backyard space, these communities inspire residents to Live boundlessly," Taylor Morrison said in a statement. Taylor Morrison is fully committed to the continuation of its build-to-rent business under its new brand name, Yardly, following the conclusion of its licensing agreement with Christopher Todd Communities. All future Taylor Morrison build-to-rent community openings will be branded under the Yardly name.
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CNEY | Hot Stocks07:15 EST CN Energy obtains permit to directly sell drinkable water markets - CN Energy Group announced that its wholly-owned subsidiary, Zhejiang CN Energy New Material Co., Ltd. has recently been awarded an official permit to sell its wood-based activated carbon products directly to domestic drinking water markets, after satisfying all increasingly more stringent requirements on safety and environmental protection. This is a significant milestone for CNEY to expand its business networks, reinforce its competitive strength and enhance its revenue sources. With such a permit, CNEY can now provide products and services under its own brand names to the vast majority of end-users, it said.
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RDHL | Hot Stocks07:14 EST RedHill accelerates opaganib's nuclear radiation protection program - RedHill Biopharma announced acceleration of opaganib's development program for protection against radiation injury and cancer radiotherapy. A recent publication in the International Journal of Molecular Sciences, entitled "Opaganib Protects against Radiation Toxicity: Implications for Homeland Security and Antitumor Radiotherapy", describes the collective results of eight U.S. government-funded in vivo studies by RedHill and Apogee Biotechnology Corporation, as well as additional experiments, establishing opaganib's potential nuclear radiation protection capabilities. The publication highlights observations from numerous studies undertaken in both protection against radiation toxicity and cancer radiotherapy settings. In the relevant study models, opaganib was associated with protection of normal tissue, including gastrointestinal, from radiation damage due to ionizing radiation exposure or cancer radiotherapy, as well as improvement of antitumor activity, response to chemoradiation, and enhancement of tolerability and survival. Additional independent studies demonstrate the radioprotective capacity of opaganib in bone marrow, with opaganib showing enhanced survival in mice which were irradiated with both lethal and half-lethal whole-body radiation. "Subject to further alignment with FDA, we intend to follow the Animal Rule path to approval for opaganib, based on prior FDA guidance specific to opaganib for the intended indication. Development for medical countermeasures may follow the Animal Rule, with pivotal animal model studies of efficacy applicable when human clinical trials are not ethical or feasible. In addition, we intend to seek an expedited development timeframe and eligibility for a Medical Counter Measure Priority Review Voucher. Amid the growing awareness of the need for material threat medical countermeasures and the positive observations seen in these in vivo gastrointestinal focused radiation toxicity and cancer radiotherapy studies, along with external data indicating potential radioprotective capacity of opaganib in bone marrow, we have accelerated our development plans to further test opaganib as a protective agent against nuclear radiation toxicity. We have recently initiated a new study to assess protective effects of opaganib on radiation-induced hematologic and renal toxicity, with our partner Apogee. Another meeting with the FDA is scheduled to seek further guidance on the path to homeland security medical countermeasure approval. Discussions with multiple government agencies in the U.S. and internationally, regarding funding and other governmental support, have been initiated," said Gilead Raday, Chief Operating Officer and Head of R&D at RedHill.
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CMMB | Hot Stocks07:13 EST Chemomab Therapeutics names Matthew Frankel as chief medical officer - Chemomab Therapeutics, Ltd. announced the appointment of Matthew Frankel, MD, MBA as Chief Medical Officer and Vice President of Drug Development. "We believe Dr. Frankel's wealth of experience across all aspects of clinical development and medical affairs, along with his outstanding performance in helping to bring biologic and small molecule drugs to market for both rare and chronic diseases, will be invaluable as we advance the CM-101 clinical program," said Dale Pfost, PhD, CEO. Frankel most recently served as Vice President, Clinical Development and Medical Affairs, Specialty Pharma at Boehringer Ingelheim.
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CTSO | Hot Stocks07:12 EST CytoSorbents announces STAR-T trial reaches 40 patients enrolled - CytoSorbents Corporation announced that 40 of the targeted 120 patients have been enrolled in the Safe and Timely Antithrombotic Removal - Ticagrelor trial, achieving the first enrollment milestone and triggering a pre-specified Data and Safety Monitoring Board review. This pivotal study intends to support both U.S. FDA and Health Canada marketing approval of DrugSorb-ATR in the United States and Canada, respectively, to remove the anti-thrombotic agent, ticagrelor, during cardiothoracic surgery. Dr. Michael J. Mack, Director of the Cardiovascular Service line at Baylor Scott & White Health System, Chairman of the Baylor Plano Research Center in Texas and co-Principal Investigator of the STAR-T trial commented: "Reaching our first trial enrollment milestone of 40 patients is a critical first step in the execution of the landmark STAR-T trial. Currently, cardiac surgeons are either forced to delay life-saving heart surgery in patients who are on antithrombotic drugs or proceed to operation when they are at very high risk for bleeding. The DrugSorb-ATR device is a novel approach that could potentially allow these high-risk surgeries to proceed in a safe and timely manner. We have designed two rigorous, pivotal trials to test the efficacy and safety of this novel device that if successful could make it available to all U.S. cardiac surgeons, so they can join their international colleagues who have it available and use it routinely in their everyday practice. We are currently focused on bringing the STAR-T trial across the finish line, so we can then turn our attention to STAR-D."
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UUUU | Hot Stocks07:11 EST Energy Fuels to sell Alta Mesa ISR project to enCore Energy for $120M - Energy Fuels Inc announced that it has entered into a definitive agreement to sell three wholly-owned subsidiaries that together hold Energy Fuels' Alta Mesa ISR Project to enCore Energy for total consideration of $120M. The Transaction is expected to close by the end of 2022 or early 2023. Furthermore, enCore will assume all reclamation liabilities associated with Alta Mesa (approximately $10.3 million) and pay Energy Fuels the cash collateral on the existing reclamation bonds (approximately $3.6 million). Once the reclamation liabilities are transferred to enCore, Energy Fuels will be nearly 60% collateralized on its remaining reclamation obligations. The Company also estimates that the sale of Alta Mesa will reduce Energy Fuels' cash burn by approximately $2 million per year.
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CGEN | Hot Stocks07:03 EST Compugen sees cash, equivalents funding operations through end of 2024 - As of September 30, 2022, cash, cash equivalents, short-term bank deposits and restricted cash totaled approximately $88 million, compared with approximately $118 million as of December 31, 2021. The Company expects its existing cash and cash related balances to fund its operating plans at least through the end of 2024. Compugen does not have any debt.
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VFC | Hot Stocks06:59 EST VF Corp. releases FY22 annual profile on IDEA - VF Corporation published its Annual Profile on Inclusion, Diversity, Equity and Action, IDEA, covering the company's fiscal year 2022. The report details VF's continued commitment to build an inclusive associate culture, emphasize IDEA principles at a brand and consumer level, and reinforce equity in the communities where VF operates. "This year's report illustrates VF's meaningful progress to empower associates, brands, consumers, and our greater society through inclusivity, allyship, and individuality," said Lauren Guthrie, VF's Vice President of Global Inclusion, Diversity, Equity and Action. "At VF, it is vital that the ideas we put forth are not just aspirational, but actionable. Our progress in FY22 across multiple fronts continues to drive business benefit and inspires us to further innovate and expand on our work."
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SMTS | Hot Stocks06:52 EST Sierra Metals confirms receipt of further correspondence from Kolpa, ARC - Sierra Metals confirms that it has received further correspondence from Compania Minera Kolpa, Kolpa, and Arias Resource Capital Management, ARC, regarding their previously announced unsolicited, non-binding letter of intent. The Company has been pursuing both short-term financing opportunities and the strategic review process announced in Sierra's press release dated October 18, 2022. As previously announced, CIBC Capital Markets has been engaged as financial advisor to review strategic options. Kolpa, ARC and other parties that have already expressed interest, among others, will be invited to participate and submit proposals so that they can be considered in the context of the strategic review process.
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MRK AZN | Hot Stocks06:49 EST Merck, AstraZeneca announce EMA's CHMP adopted positive opinion of LYNPARZA - AstraZeneca (AZN) and Merck (MRK) announced that the European Medicines Agency's, EMA, Committee for Medicinal Products for Human Use, CHMP, has adopted a positive opinion recommending approval of LYNPARZA in combination with abiraterone and prednisone or prednisolone for the treatment of adult patients with metastatic castration-resistant prostate cancer, mCRPC, in whom chemotherapy is not clinically indicated. The CHMP based its positive opinion on results from the Phase 3 PROpel trial presented at the 2022 American Society of Clinical Oncology Genitourinary Cancers Symposium and later published in NEJM Evidence. These results showed LYNPARZA in combination with abiraterone and prednisone or prednisolone reduced the risk of disease progression or death by 34% versus placebo plus abiraterone and prednisone or prednisolone. Median radiographic progression-free survival was 24.8 months for the LYNPARZA plus abiraterone arm versus 16.6 months for the placebo plus abiraterone arm, with or without homologous recombination repair gene mutations.
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KALV | Hot Stocks06:47 EST KalVista presents data on HAE at ACAAI 2022 meeting - KalVista Pharmaceuticals presented two posters at the 2022 meeting of the American College of Allergy, Asthma & Immunology, AACI, in Louisville, Kentucky. The first highlighted new data that reveals the significant impact of HAE attacks on the mental health, daily activities, and quality of life for people living with hereditary angioedema, HAE, receiving either parenterally delivered on-demand only treatment or prophylaxis with on-demand treatment for breakthrough attacks. More than half of people with HAE felt unable to participate in important events or activities, while nearly half felt 'less than 100% themselves' due to HAE. The second presentation focused on injection- or infusion-related adverse drug reactions, ADRs, reported in the FDA's Adverse Event Reporting System, FAERS, for currently approved on-demand hereditary angioedema, HAE, therapies. The five most frequently reported ADRs were injection site pain, site swelling, site erythema, access site complications/malfunctions, and incorrect route of product administration. "Both HAE patient feedback and FAERS data suggest that there is still a significant unmet need for on-demand treatments that have greater ease and less traumatic routes of administration," said Andrew Crockett, Chief Executive Officer of KalVista. "This is exactly why we are developing our pipeline of oral therapies, to improve the treatment experience and ultimately the lives of people living with HAE."
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YOU | Hot Stocks06:44 EST Clear Secure announces 25c per share special cash dividend - Clear Secure announced that Clear's board of directors has approved and declared a special cash dividend in the amount of 25c per share, payable on December 7 to holders of record of Class A Common Stock and Class B common stock as of the close of business on November 28.
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PLX | Hot Stocks06:42 EST Protalix, Chiesi Global Rare Diseases resubmits PRX-102 BLA to FDA - Protalix and Chiesi Global Rare Diseases, a business unit of the Chiesi Group established to deliver therapies and solutions for people affected by rare diseases, announced the resubmission on November 9 of a biologics license application, or BLA, to the FDA, for PRX-102 for the treatment of adult patients with Fabry disease. Pegunigalsidase alfa is a purposefully-designed, long-acting recombinant, PEGylated, cross-linked a galactosidase-A investigational product candidate. The BLA resubmission includes a set of clinical and manufacturing data. The data were compiled from studies that involved more than 140 Fabry disease patients with up to five years of follow up including all three completed studies in the PRX-102 Phase III clinical program including the BALANCE study, the BRIDGE study and the BRIGHT study, as well as the phase I/II clinical trial of PRX-102. The phase I/II data includes data compiled from the related extension study succeeding the phase I/II study. The BLA resubmission also includes safety data compiled from the ongoing phase III extension studies of PRX-102. If approved, Protalix will be eligible to receive a milestone payment from Chiesi upon BLA approval. Protalix and Chiesi anticipate that the FDA will complete its review of the resubmission within six months of receipt.
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AZN MRK | Hot Stocks06:38 EST AstraZeneca Lynparza+biraterone recommended for E.U. approval in mCRPC - The company states: "AstraZeneca (AZN) and MSD's (MRK) Lynparza in combination with abiraterone and prednisone or prednisolone has been recommended for marketing authorisation in the European Union for the treatment of adult patients with metastatic castration-resistant prostate cancer, mCRPC, for whom chemotherapy is not clinically indicated. The Committee for Medicinal Products for Human Use of the European Medicines Agency based its positive opinion on results from the PROpel Phase III trial which were published in NEJM Evidence in June 2022. In the trial, Lynparza in combination with abiraterone and prednisone or prednisolone, reduced the risk of disease progression or death by 34% versus abiraterone alone. Median radiographic progression-free survival was 24.8 months for Lynparza plus abiraterone versus 16.6 months for abiraterone alone. Results also showed that Lynparza in combination with abiraterone extended median rPFS by almost one year, with a median rPFS of 27.6 months versus 16.4 with abiraterone alone, as assessed by blinded independent central review. Updated results also showed a favourable trend in improved overall survival with Lynparza plus abiraterone versus abiraterone alone, however the difference did not reach statistical significance at the time of this data cut-off."Reference Link
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GSK | Hot Stocks06:34 EST GSK says GSK3036656 demonstrated early bactericidal activity in Phase IIa study - GSK plc announced "positive" results from a Phase IIa study demonstrating that GSK3036656, a first-in-class investigational antitubercular agent, was well tolerated and showed early bactericidal activity with a low, once-daily oral dose after 14 days of treatment in participants with drug-susceptible pulmonary tuberculosis. "These results demonstrate the potential for GSK3036656 to be a component of simpler treatment regimens in the future which could help address the TB epidemic," the company stated. A selection of these data was presented in an oral late breaker session at the Union World Conference on Lung Health on November 11. David Barros-Aguirre, Head of Global Health Medicines R&D, GSK, said: "Existing treatments for TB can be complicated, of long duration and have serious side effects which significantly impact the lives of patients with TB around the world. Today's encouraging data provide a good foundation from which to investigate GSK3036656 in different combinations in Phase IIb/c studies, with the aim of contributing to shorter, simpler and better tolerated treatment regimens for patients with TB."
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BW | Hot Stocks06:32 EST Babcock & Wilcox subsidiary awarded $42M in North American upgrade projects - Babcock & Wilcox announced that its Babcock & Wilcox Construction, BWCC, subsidiary was awarded more than $42M in significant upgrade and maintenance projects within the electrical utility, pulp & paper, and oil & gas segments in North America. "We've seen continued strong demand for our Thermal aftermarket offerings and remain committed to supporting our customers through our portfolio of best-in-class products and services," said Chris Riker, Senior Vice President, Thermal. "The demand for outage services, plant maintenance and parts supply is high, particularly for the North American utility and heavy industrial fleet."
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NILE | Hot Stocks06:31 EST BitNile expects no direct impact related to crytpo exchange FTX bankruptcy - BitNile announced that it expects to have no exposure directly or through any of its subsidiaries or business units related to the collapsed cryptocurrency exchange FTX Trading Limited. Moreover, the Company states that its Bitcoin holdings are secured in custodial wallets that the Company believes mitigates the risk of loss similar to those from the FTX disruption. Milton "Todd" Ault, III, the Company's Executive Chairman, stated, "Other than the very difficult market conditions for Bitcoin in recent days, BitNile and its subsidiaries have not been disrupted by recent bankruptcies of industry participants. BitNile plans to continue to operate its Bitcoin mining operations and strive to fulfill its goals as previously outlined."
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AZN | Hot Stocks06:29 EST AstraZeneca's Imfinzi + chemotherapy recommended for approval in BTC - The company states: "AstraZeneca's Imfinzi has been recommended for marketing authorisation in the European Union (EU) for the 1st-line treatment of adult patients with unresectable or metastatic biliary tract cancer, BTC, in combination with chemotherapy. The Committee for Medicinal Products for Human Use of the European Medicines Agency based its positive opinion on the primary results from the TOPAZ-1 Phase III trial published in the New England Journal of Medicine Evidence, and on the updated results presented at the European Society for Medical Oncology Congress 2022. At the interim analysis, Imfinzi plus chemotherapy reduced the risk of death by 20% versus chemotherapy alone. Updated results from TOPAZ-1 after an additional 6.5 months of follow-up showed a 24% reduction in the risk of death versus chemotherapy alone, with more than two times as many patients estimated to be alive at two years versus chemotherapy alone. Updated median overall survival was 12.9 months versus 11.3 with chemotherapy." Reference Link
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ERJ | Hot Stocks06:24 EST Embraer now sees FY22 free cash flow at least $150M - Embraer, in compliance with Resolution no. 44, issued on August 23, 2021 by the Securities Commission of Brazil, informed its shareholders and the market in general its updated projections for free cash flow for the year of 2022. In the first nine months of 2022, Embraer recorded an accumulated free cash flow higher than the company's initial expectations for the performance of the indicator in this period, mainly as a result of the improvement in operating margins, better management of working capital, tax efficiency, among other factors. In addition, Embraer highlights that, as usual, it will have a higher concentration of deliveries and revenues in the fourth quarter when compared to the seasonality of the other quarters of the year. As a result, Embraer is updating its projections for free cash flow for 2022, from $50M or more to a projection of $150 million or more for the year. All other components of the company's projections and financial information remain unchanged.
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LLAP | Hot Stocks06:11 EST Terran Orbital-developed CAPSTONE enters NRHO around the moon - Terran Orbital announced the Terran Orbital-developed CAPSTONE spacecraft successfully arrived in a Near-Rectilinear Halo Orbit, NRHO, around the Moon on Nov. 13. Following an initial orbit insertion maneuver on Sunday, CAPSTONE will perform clean-up maneuvers over the next several days to complete insertion into its target orbit. The spacecraft's arrival in this unique elongated orbit marks the next phase of its pathfinding lunar mission. The CAPSTONE mission will lay the groundwork for future lunar exploration by proving the operations of robust missions in NRHO. "To say we are proud of the CAPSTONE team is an understatement," said Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell. "Terran Orbital engineers continuously met rapidly changing circumstances with precision and innovation bolstered by the advantages of in-house hardware and software development. The design, modeling, and simulation concepts refined throughout the process will ensure the successful flights of countless future generations of spacecraft."
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IONS | Hot Stocks06:10 EST Ionis Pharmaceuticals, Metagenomi enter gene editing collaboration - Ionis Pharmaceuticals and Metagenomi announced that the companies have entered a collaboration that will leverage Ionis' extensive expertise in RNA-targeted therapeutics and Metagenomi's versatile next-generation gene editing systems to pursue a mix of validated and novel genetic targets that have potential to expand therapeutic options for patients. The companies will jointly conduct research aimed initially at delivering investigational medicines for up to four genetic targets. Ionis has the right to add four more targets upon achievement of pre-determined development milestones. Under the terms of the agreement, Ionis will pay $80M upfront to Metagenomi plus the potential for future milestone payments and royalties. Wells Fargo Securities acted as financial advisor to Ionis on the transaction.
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RDHL | Hot Stocks06:08 EST RedHill Biopharma to extinguish debt obligations in exchange for Movantik rights - RedHill Biopharma announced that it has reached a non-binding agreement in principle with HCR Collateral Management with respect to the terms of a transfer of RedHill's rights in Movantik to HCR in exchange for the extinguishment of all RedHill's obligations under the credit agreement between RedHill's U.S. subsidiary RedHill Biopharma Inc. and HCR dated as of February 23, 2020. RedHill would retain substantially all pre-closing liabilities relating to Movantik and HCR would assume substantially all post-closing liabilities. It is expected that RedHill would provide transition services to HCR to ensure a seamless process so that patient care will not be interrupted. Subject to certain approvals, the definitive agreements are expected to be signed and the transaction is expected to close by year-end, but there can be no assurance that the parties will enter into definitive agreements or that the transaction will be completed.
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URI | Hot Stocks06:07 EST United Rentals to acquire Ahern Rentals for $2B - United Rentals announced that the company has entered into a definitive agreement to acquire the assets of family-owned Ahern Rentals for approximately $2B in cash. The board of directors of United Rentals unanimously approved the agreement. The transaction is expected to close prior to year-end 2022, subject to customary conditions. The purchase price of approximately $2B represents a multiple of 6.5x adjusted EBITDA for the trailing 12 months ended September 30, 2022, or 4.5x adjusted EBITDA net of cost synergies and the net present value of tax attributes estimated at $426 million. The acquisition is expected to be accretive to United Rentals' adjusted earnings per share and free cash flow generation in its first year post-close. Return on invested capital is expected to exceed the cost of capital within 24 months of closing on a run-rate basis, with an attractive IRR and NPV. United Rentals expects to realize approximately $60 million of annual revenue synergies by year three, led by the cross-selling of its specialty rental offerings to an expanded customer base. The company currently plans to pause its $1.25 billion share repurchase program through the initial phase of the integration, consistent with its approach during the integrations of similarly sized general rental transactions. Matthew Flannery, chief executive officer of United Rentals, said, "Our acquisition of Ahern Rentals supports our strategy to deploy capital to grow the core business and drive shareholder value. We view ourselves as the ideal owner of these assets within our network, as customers will benefit from the combination of the two organizations moving forward together. We're leveraging our competencies in larger-scale M&A to augment both our near- and long-term earnings power."
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WATT | Hot Stocks06:07 EST Energous collaborates with Sensirion for wirelessly powered CO2 sensors - Energous and Sensirion, a provider of industry leading CO2 sensor products, announced a collaboration to develop next-generation maintenance-free CO2 sensors powered wirelessly over the air for Indoor Air Quality improvement in industrial and commercial applications. The companies are working to combine Energous' wireless power transfer technology and Sensirion's CO2 sensors - designed to improve IAQ and increase building energy efficiency through better HVAC management - removing the need for battery maintenance via reliable and consistent power delivered wirelessly over-the-air. Headquartered in Stafa, Switzerland, Sensirion has over 20 years of experience developing and manufacturing digital microsensors and systems, including gas and liquid flow sensors, differential pressure sensors and environmental sensors for the measurement of humidity and temperature, volatile organic compounds, carbon dioxide and particulate matter.
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BNTX | Hot Stocks06:04 EST BioNTech to acquire GMP-certified manufacturing facility in Singapore - BioNTech announced its Singapore affiliate BioNTech Pharmaceuticals Asia Pacific Pte. had entered into an agreement with Novartis Singapore Pharmaceutical Manufacturing to acquire one of its GMP-certified manufacturing facilities. The acquisition is part of BioNTech's expansion strategy to strengthen its global footprint in Asia. Supported by the Singapore Economic Development Board, the facility will serve as BioNTech's Regional Headquarters and become its first mRNA manufacturing facility in Singapore. BioNTech's Singapore mRNA manufacturing facility will create regional manufacturing capacities in support of BioNTech's growing pipeline of mRNA-based vaccines and therapeutics across Asia Pacific region for both commercial and clinical scale, with the potential to expand the production to other drug classes, such as cell therapies. The facility will be initially equipped to manufacture a range of mRNA-based product candidates as well as authorized vaccines and therapeutics for infectious diseases. This may include the company's COVID-19 vaccine, as well as oncology product candidates if successfully developed and approved or authorized by regulatory authorities. The site will be a fully integrated mRNA manufacturing facility bringing mRNA production capabilities across drug substance and drug product, with an expected annual production capacity of up to several hundred million doses of mRNA-based vaccines after a full built-out. It is expected to create more than 100 jobs in Singapore by 2024 across multiple functions, including operations, engineering, quality, finance, human resources, as well as supply chain management, with recruiting starting immediately for first positions. The plant will be part of BioNTech's affiliate BioNTech Pharmaceuticals Asia Pacific and be fully integrated into the company's global manufacturing network.
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WAFD LBC | Hot Stocks06:01 EST Washington Federal to acquire Luther Burbank for $654M in cash - Washington Federal (WAFD) and Luther Burbank (LBC) jointly announced the signing of a definitive merger agreement pursuant to which Washington Federal will acquire Luther Burbank and its wholly-owned subsidiary, Luther Burbank Savings, in an all-stock transaction valued at approximately $654M based upon the closing price of Washington Federal's common stock on November 11. Upon closing of the transaction, which was unanimously approved by the boards of directors of each of Washington Federal and Luther Burbank and is subject to shareholder and regulatory approval and other customary closing conditions, Luther Burbank shareholders will be entitled to receive 0.3353 shares of Washington Federal common stock for each share of Luther Burbank common stock they own. The transaction, which is anticipated to close as early as the second calendar quarter of 2023, will expand Washington Federal's franchise into California. Upon completion of the merger, the combined institution will have approximately $29B in total assets, $23B in total loans and $22B in total deposits with over 210 locations in Washington, California, Oregon, Idaho, Utah, Nevada, Arizona, Texas and New Mexico operated through its community bank subsidiary and approximately 2,400 full time employees.
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RHHBY | Hot Stocks05:52 EST Genentech announces GRADUATE I, II studies miss primary endpoints - Genentech, a member of the Roche, announced results from the Phase III GRADUATE I and II studies evaluating gantenerumab in people with mild cognitive impairment, or MCI, due to Alzheimer's and mild Alzheimer's dementia, collectively called early Alzheimer's disease. The studies did not meet their primary endpoints of slowing clinical decline. Gantenerumab was well tolerated including the subcutaneous administration. Study participants treated with gantenerumab showed a slowing of clinical decline in GRADUATE I and GRADUATE II of -0.31 and -0.19, respectively, from baseline score on the Clinical Dementia Rating-Sum of Boxes; however, neither was statistically significant. This represents a relative reduction in clinical decline of 8% in GRADUATE I and 6% in GRADUATE II compared with placebo. The CDR-SB measures cognitive and functional change across six areas including memory, orientation, judgment and problem solving, community affairs, home and hobbies, and personal care. The level of beta-amyloid removal, the protein that builds up to make plaques in the brains of people with Alzheimer's, was lower than expected with gantenerumab treatment. Genentech will present topline findings from the GRADUATE I and II studies at the upcoming Clinical Trials on Alzheimer's Disease, or CTAD, Conference on Wednesday, November 30. Amyloid-related imaging abnormalities are a common radiological finding associated with amyloid-targeting therapies. The incidence of ARIA-E in the pooled gantenerumab arms was 25%, with the vast majority being asymptomatic and very few leading to treatment discontinuation. The incidence of isolated ARIA-H was balanced across the gantenerumab and placebo arms.Genentech remains committed to Alzheimer's, one of the most complex neurological disorders and a major public health challenge. The company is continuing to develop and deliver tests to enable early and accurate Alzheimer's diagnosis and has a pipeline of investigational medicines for different targets, types and stages of the disease.
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ESLT | Hot Stocks05:48 EST Elbit Systems awarded $72M supply contract - Elbit Systems announced that it was awarded a contract valued at $72M to supply Hermes 900 Unmanned Aircraft Systems, or UAS, and training capabilities to an international customer. The contract will be performed over a two-year period. Under the contract, Elbit Systems will supply Hermes 900 UAS equipped with the SkEye Wide Area Persistent Surveillance system, Spectro XR multi-spectral Electro-Optical payload, Satellite Communication, Signal Intelligence payloads and additional capabilities. The Hermes 900 UAS has been selected to-date by more than 15 customers attesting to its competitive edge combining technological sophistication, reliability, open architecture and a solid growth path.
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CMCL | Hot Stocks05:46 EST Caledonia Mining commences solar plant operations at Blanket Mine - Caledonia Mining announced that the new solar plant at Blanket Mine will start to generate power.
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AZN | Hot Stocks05:44 EST AstraZeneca, Daiichi Sankyo announce Enhertu recommended for EU approval - Daiichi Sankyo and AstraZeneca's Enhertu has been recommended for approval in the European Union as a monotherapy for the treatment of adult patients with advanced HER2 positive gastric or gastroesophageal junction, or GEJ, adenocarcinoma who have received a prior trastuzumab-based regimen.
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JBL | Hot Stocks05:40 EST Jabil opens new design center in Poland - Jabil has officially opened a new design center in Wroclaw, Poland, that will develop technologies for multiple industries including the automotive and healthcare sectors. The opening of the 10,000 square foot center will provide a number of engineering jobs and extends Jabil's design capabilities in concept feasibility, development engineering, industrialization, material technology and advanced manufacturing technology. Jabil's design center in Wroclaw has a range of capabilities that include electronic power design, industrialization support, mechanical design, printed circuit board design, project management and value add/value engineering. Along with the center, Jabil will also co-locate its European Human Resources Employee Services team in Wroclaw. The HRES team will support 21 of Jabil's sites across Europe with HR tasks, working across 10 European countries and eight languages.
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OPNT INVVY | Hot Stocks05:37 EST Indivior to acquire Opiant Pharmaceuticals for $20.00 per share - Opiant Pharmaceuticals (OPNT) announced that it has entered into a definitive merger agreement to be acquired by Indivior Inc, a subsidiary of Indivior (INVVY). Under the terms of the agreement, Indivior will acquire all of the outstanding shares of Opiant for upfront consideration of $20.00 per share in cash at closing, plus contingent value rights, or CVRs, representing, if achieved, potential additional payments over a period of seven years of up to $8.00 per share. Achievement of the CVR payments, if any, are based on attaining certain revenue thresholds for OPNT003, nasal nalmefene, Opiant's investigational treatment for opioid overdose, as detailed below. The upfront payment at closing of $20.00 per share represents a premium of approximately 111% to Opiant's closing share price on November 11, and 99% premium to the 30-day volume-weighted average share price. Inclusive of each of the CVR payments, the total potential transaction value represents a premium of up to 195% and 178%, respectively. The transaction has been unanimously approved by the boards of directors of each company. Under the terms of the merger agreement, Indivior will acquire all outstanding shares of Opiant for upfront consideration of $20.00 per share in cash, plus up to $8.00 per share in CVRs that may become payable if certain net revenue milestones are achieved by Opiant's lead asset OPNT003 over the applicable seven-year period. Pursuant to the CVRs, Indivior will pay $2.00 per CVR if OPNT003 achieves the following net revenue thresholds during any period of four consecutive quarters prior to the seventh anniversary of the U.S. commercial launch: $225M, $300M and $325M. The remaining $2.00 per CVR will become payable if OPNT003 achieves net revenue of $250M during any period of four consecutive quarters prior to the third anniversary of the U.S. commercial launch. There can be no guarantee that the CVR payments will be achieved as the future performance of OPNT003 is subject to several risks and uncertainties. The transaction is subject to customary closing conditions, including U.S. antitrust clearance, clearance by the Committee on Foreign Investment in the United States, or CFIUS, and receipt of approval of Opiant's shareholders. The members of the board of directors of Opiant, who hold approximately 4.5% of the outstanding Opiant shares, have entered into a voting agreement with Indivior and agreed to vote their shares in favor of the transaction. Pending approvals, the parties anticipate completing the transaction in the first quarter of 2023.
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RHHBY MOR | Hot Stocks05:34 EST Roche says Phase 3 Alzheimer's studies failed to meet primary endpoint - Roche (RHHBY) announced results from the GRADUATE I and II studies evaluating gantenerumab in people with mild cognitive impairment due to Alzheimer's and mild Alzheimer's dementia, collectively called early Alzheimer's disease. The studies did not meet their primary endpoint of slowing clinical decline. Gantenerumab was well tolerated, including the subcutaneous administration. Study participants treated with gantenerumab showed a slowing of clinical decline in GRADUATE I and GRADUATE II of -0.31 and -0.19, respectively, from baseline score on the Clinical Dementia Rating-Sum of Boxes, however, neither was statistically significant. This represents a relative reduction in clinical decline of 8% in GRADUATE I and 6% in GRADUATE II compared with placebo. The level of beta-amyloid removal, the protein that builds up to make plaques in the brains of people with Alzheimer's disease, was lower than expected, Roche added. It said, "Roche remains committed to Alzheimer's disease, one of the most complex neurological disorders and a major public health challenge. The company is continuing to develop and deliver tests to enable early and accurate Alzheimer's diagnosis and has a pipeline of investigational medicines for different targets, types and stages of the disease." Roche was partnering with MorphoSys (MOR) on the GRADUATE I and II studies. Reference Link
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MOR RHHBY | Hot Stocks05:30 EST MorphoSys sinks after partner Roche's Alzheimer's study fails - MorphoSys (MOR) announced that its licensing partner Roche (RHHBY) provided an update on the GRADUATE I and II studies evaluating gantenerumab in people with early Alzheimer's disease. The studies did not meet their primary endpoint of slowing clinical decline, the company said in a statement. The level of beta-amyloid removal, the protein that builds up to make plaques in the brains of people with Alzheimer's disease, was lower than expected, it added. The GRADUATE Phase 3 program evaluated the safety and efficacy of gantenerumab in people with mild cognitive impairment due to Alzheimer's and mild Alzheimer's dementia over 27 months. "We are disappointed by these results as there are millions of people impacted every day by Alzheimer's disease," said Jean-Paul Kress, Chief Executive Officer of MorphoSys. "We are grateful to Roche, our long-standing partner, for their work on the GRADUATE program and their commitment to the Alzheimer's community." Shares of MorphoSys are down 32% to $3.71 in premarket trading.
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AMZN | Hot Stocks05:29 EST Amazon announces 48-hour Black Friday event - Amazon announced that millions of deals at a variety of price points worldwide will be available during its 48-hour Black Friday event starting on Thursday, November 24. Customers will be able to save on must-have items across categories, including toys, electronics, fashion, beauty, and Amazon devices, and find unbelievable prices on select products from popular brands like Moroccanoil, Peter Thomas Roth, and Drybar hair care products, De'Longhi Espresso Machines, and everyday essentials from Mrs. Meyer's Clean Day.
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UXIN | Hot Stocks05:22 EST Uxin regains compliance with Nasdaq - Uxin announced that it had received a written compliance notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market dated November 11. The Compliance notification indicated that the company has regained compliance with the minimum bid price of $1.00 per share requirement set forth under the Nasdaq Listing Rule 5450.
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FLAG | Hot Stocks05:20 EST First Light Acquisition Group to transfer listing to the NYSE American - First Light Acquisition Group announced that it will transfer its listing to the NYSE American, where it has been approved to list. In connection with the transfer, FLAG will voluntarily delist from The New York Stock Exchange. FLAG's decision to transfer to the NYSE American was motivated by more favorable thresholds for continued listing on the NYSE American following recent redemptions of FLAG's Class A common stock. Following the transfer, FLAG intends to continue to file the same types of periodic reports and other information it currently files with the Securities and Exchange Commission. FLAG anticipates the transfer to the NYSE American to occur on or about November 14.
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IDEX | Hot Stocks05:17 EST Ideanomics secures third-party financing for Solectrac dealer expansion - Ideanomics announced that its subsidiary Solectrac has added seven more certified dealers to its dealer network. To enable dealer expansion, Ideanomics secured strategic financing from global financial solutions provider DLL. Solectrac can assemble 360 tractors per month and are available at 57 locations across the United States. DLL will serve as a preferred financing partner for Solectrac in the United States. Through financing solutions offered by DLL, dealers of Solectrac will now have access to installment and leasing programs that facilitate the sale of equipment to the end-use customer.
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PBTS | Hot Stocks05:09 EST Powerbridge acquires 19% stake of DTI Group, terms undisclosed - Powerbridge announced that the company has acquired 19% stake of DTI Group, a technology company specializing in international trade digitalization and platforms. DTI is a platform developer and service providers for Digital Trading Infrastructure & Online Dispute Resolution, a project initiated by the United Nations Conference on Trade and Development. With the strategic acquisition, Powerbridge and DTI will be working closely together to implement the United Nation's project. The objective of the project is to enhance digital trade connectivity and operations among online cross-border trade platforms and offline trade hubs in order to empower both the established and new global trade players. The project will also be equipped with various digital trade systems that encourage cooperation and communications among local and global players, which is designed to increase the overall efficiency of cross-border trade and e-commerce.
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