Stockwinners Market Radar for November 22, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TJX | Hot Stocks20:45 EST TJX exec Greenlees sells 6,708 common shares - In a regulatory filing, TJX senior executive VP Louise Greenlees disclosed the sale of 6,708 common shares of the company on November 22 at a price of $79.9906 per share.
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TOST | Hot Stocks20:24 EST Toast director Bennett sells 132,709 class A shares - In a regulatory filing, Toast director Richard Kent Bennett disclosed the sale of 132,709 class A common shares of the company on November 18 at a price of $18.27 per share.
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SKE | Hot Stocks19:38 EST Skeena Resources says appeal of Richard Mill decision dismissed - Skeena Resources announced that on November 22, 2022,the company received the decision of Justice Iyer of the British Columbia Supreme Court dismissing its appeal of the BC Chief Gold Commissioner's decision in Richard Mill versus Skeena. Skeena intends to appeal this decision. This decision does not, in any way, affect the economics, Resources or Reserves as highlighted in the company's 2022 Feasibility Study for Eskay Creek, the company said.
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CVNA | Hot Stocks19:14 EST Carvana CPO Gill acquires 133,000 class A shares - In a regulatory filing, Carvana chief product officer Daniel Gill disclosed the purchase of 133,000 class A shares of the company on November 21 at a price of $7.62 per share.
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HPQ | Hot Stocks18:27 EST HP Inc. CEO: The supply chain situation has significantly improved - In an interview on CNBC's Mad Money, Enrique Lores said HP will continue to face a tough market in 2023. In light of that, the company is working to simplify investments in its core business, he added. It will continue to invest in growth businesses, he noted. Lores is seeing customers shift towards premium categories.
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HLX TALO | Hot Stocks18:23 EST Helix Energy announces contract extension with Talos for Helix Producer I - Helix Energy Solutions Group, Inc. (HLX) announced that an affiliate of Talos Energy Inc. (TALO) has extended for one year the term of its contract with Helix for the Helix Producer I floating production vessel in the Gulf of Mexico. The one-year extension term is scheduled to conclude on June 1, 2024 with Talos having the option to extend the contract annually. Scotty Sparks, Helix's Executive Vice President and Chief Operating Officer, stated, "We are pleased to extend our contract on the Helix Producer I and look forward to continuing our long-term working relationship with Talos. The Helix Producer I is a unique vessel that has provided safe and reliable production processing for Talos, and this extension further demonstrates our ability to continue meeting our clients' needs. We continue to support the Energy Transition by offering clients the ability to maximize production from their existing wells."
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ADSK | Hot Stocks18:03 EST Autodesk sees some exogenous revenue headwinds 'out of the gate' in FY24 - Sees "5 point or so" incremental FX headwind in FY24. Sees FY24 margins looking better at constant exchange rates. Says macro headwinds will "make it tough" for company to grow FY24 revenue beyond double digits. Comments taken from Q3 earnings conference call.
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UFPT | Hot Stocks18:00 EST UFP Technologies Chairman Bailly sells $1.2M in company shares - Chairman of UFP Technologies Jeffrey Bailly disclosed in a regulatory filing that he had sold 9,877 shares of company stock at $117.72 per share on November 21, for a total transaction amount of $1,162,708.
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HPQ | Hot Stocks17:52 EST HP Inc. says share repurchase to be 'modest' near term
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HPQ | Hot Stocks17:49 EST HP says FY23 free cash flow guidance includes $400M of restructuring charges - Sees FY23 free cash flow $3B-$3.5B. Guidance taken from Q4 earnings conference call.
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SCOR | Hot Stocks17:34 EST Beneficial owner of Comscore Cerberus Capital buys 75,629 shares of stock - Beneficial owner of Comscore Cerberus Capital disclosed in a filing that it had purchased 75,629 shares of company stock at $1.49 per share between November 18 and 22 for a total transaction amount of $112,899.
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AAPL... | Hot Stocks17:20 EST U.K.'s CMA launches probe into cloud gaming, mobile browsers - The U.K.'s Competition and Markets Authority has launched a market investigation into cloud gaming and mobile browsers after receiving widespread support for its proposals first published in June. The CMA consulted on launching a market investigation alongside its Mobile Ecosystem Market Study report, which found that Apple (AAPL) and Google (GOOGL) have an effective duopoly on mobile ecosystems that allows them to exercise a stranglehold over operating systems, app stores and web browsers on mobile devices. Responses to the consultation, which have been published today, reveal substantial support for a fuller investigation into the way that Apple and Google dominate the mobile browser market and how Apple restricts cloud gaming through its App Store. Many of those came from browser vendors, web developers, and cloud gaming service providers who say that the status quo is harming their businesses, holding back innovation, and adding unnecessary costs.
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PVBC | Hot Stocks17:18 EST Provident Bancorp receives Nasdaq notice regarding late form 10-Q filing - Provident Bancorp announced that on November 17, 2022, it received a delinquency notification letter from The Nasdaq Stock Market LLC indicating that the company is not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1) because the company did not timely file its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022. The notification letter has no immediate effect on the listing or trading of the company's common stock on the Nasdaq Capital Market. The company filed a Notification of Late Filing on Form 12b-25 on November 15, 2022, indicating that the filing of the Form 10-Q would be delayed.
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AMED | Hot Stocks17:16 EST Amedisys names Scott Ginn as acting COO - Amedisys names Scott Ginn, Executive Vice President and CFO, its Acting COO, effective immediately. Ginn has led financial teams at Amedisys since 2007, serving as Senior Vice President of Accounting and Controller and Chief Accounting Officer before being named CFO in 2017 and then being promoted to Executive Vice President in 2021.
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CSCO | Hot Stocks17:11 EST VP of Cisco Sharritts sells $709K in company shares - VP of Cisco Jeffery Sharritts disclosed in a regulatory filing that he had sold 14,830 shares of company stock at $47.80 per share on November 21, for a total transaction amount of $708,880.
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MDU | Hot Stocks16:59 EST MDU plans to make make capital investments totaling $3.5B over 2023-2027 - MDU Resources Group announced its plans to make capital investments totaling $3.5B over the five-year period from 2023 to 2027. "Our capital investment plan includes a number of key projects that are expected to provide organic growth across our businesses, with particular emphasis on upgrades and expansions to our electric transmission and distribution infrastructure and our natural gas transportation and distribution systems," said David L. Goodin, president and CEO of MDU Resources. "These capital investments encompass all our businesses while we continue to make progress toward our strategic initiatives of creating two pure-play public companies." MDU Resources plans to make substantial investments in its utility operations with a 27% increase in capital expenditures compared to the previous five years. The company anticipates its electric and natural gas utilities will grow rate base by approximately 6%-7% annually over the next five years on a compound basis. Customer growth is expected to continue at a rate of 1%-2% annually across the company's eight-state service territory. Total CapEx plan by year is $699M in FY22, $644M in FY23, $772M in FY24, $724M in FY25.
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CTSDF | Hot Stocks16:53 EST Converge Technology commences strategic review of alternatives - Converge Technology announced that its board of directors has formed a special committee of independent directors to undertake, in consultation with its established financial and legal advisors, a review and evaluation of strategic alternatives that may be available to the company to unlock shareholder value. The special committee will be chaired by Brian Phillips, lead independent director and includes Darlene Kelly, chair of audit committee and Ralph Garcea, chair of compensation committee. In response to expressions of interest that have been received by the company, the special committee will evaluate a full range of strategic alternatives, including a sale, merger, divestiture, recapitalization, other strategic transaction, or continuing to operate as a public company. In response to expressions of interest that have been received by the company, the special committee will evaluate a full range of strategic alternatives, including a sale, merger, divestiture, recapitalization, other strategic transaction, or continuing to operate as a public company. There can be no assurance that this process will lead to the approval or completion of any transaction. The company does not intend to provide any updates with respect to this process unless and until its board of directors approves a specific transaction or otherwise concludes its review of strategic alternatives.
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FMNB | Hot Stocks16:46 EST Farmers National Banc announces 21% boost in dividend to 17c per share - On November 22, the Board of Directors of the Farmers National Banc declared a quarterly cash dividend of 17c per share, representing a 21% increase over the same period last year. The common stock cash dividend will have a record date of December 9 and is payable to shareholders on December 30. "On behalf of Farmers' Board of Directors and Leadership Team, I am proud of the significant growth in our quarterly cash dividend payment," said Kevin J. Helmick, President and CEO of Farmers. "The 21% year-over-year increase in our quarterly cash dividend follows a 27% increase last year and marks the seventh consecutive year we have increased our annual dividend payment. We remain focused on profitably growing our bank, supporting our customers and communities, and creating value for our shareholders."
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QURE | Hot Stocks16:41 EST uniQure announces FDA approval of gene therapy for adults with hemophilia B - uniQure announced that its partner CSL has received approval from the U.S. Food and Drug Administration for HEMGENIX, a one-time gene therapy for the treatment of adults 18 years of age and older living with hemophilia B. The product is approved for the treatment of adults with hemophilia B who currently use factor IX prophylaxis therapy or have current or historical life-threatening hemorrhage or have repeated, serious spontaneous bleeding episodes. CSL licensed the exclusive global rights to HEMGENIX from uniQure in May 2021 and is now solely responsible for the further development, registration, and commercialization of the therapy. "Today's landmark approval represents a major milestone in the field of genomic medicine and ushers in a new treatment paradigm for patients living with hemophilia B," said Matt Kapusta, chief executive officer of uniQure. "This is uniQure's second internally-developed gene therapy to achieve approval and the world's first gene therapy for hemophilia B, an historic achievement based on more than a decade of research and clinical development, as well as the tireless dedication of our employees, clinicians, patients and their families. For nearly 25 years, uniQure has been driven by a singular mission: to transform peoples' lives by harnessing the power of gene therapy. This groundbreaking approval delivers on this promise by providing people with hemophilia B the possibility of being liberated from burdensome infusions and an ability to unlock the potential in their daily lives. We offer our sincere gratitude to the hemophilia community, without whose years of dedication and invaluable support this medical breakthrough could not have been achieved."
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BPMC | Hot Stocks16:37 EST Blueprint Medicines submits sNDA to FDA for AYVAKIT - Blueprint Medicines announced the submission of a supplemental new drug application to the U.S. FDA for AYVAKIT for the treatment of adults with indolent systemic mastocytosis. AYVAKIT was designed to potently and selectively inhibit D816V mutant KIT, the underlying cause of SM in about 95% of cases. The submission includes data from the registrational PIONEER trial, the largest randomized, placebo-controlled clinical study ever conducted in indolent SM. The FDA has granted breakthrough therapy designation to AYVAKIT for the treatment of moderate to severe indolent SM
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STRM | Hot Stocks16:37 EST Streamline Health in deal with Epic-EHR California-based academic med center - Streamline Health Solutions announced it has signed a contract with a 630-bed, Epic-EHR based academic medical center in California. The organization will use eValuator's automated pre- and post-bill coding analysis technology to help improve revenue integrity and financial performance. Streamline Health is leading an industry movement to enable every hospital in the country to use pre-bill technology to improve financial performance. With eValuator, providers are identifying and addressing coding issues before they contribute to revenue leakage, denied claims and non-compliance exposure. The company combines this new technology with expert auditing services & support to deliver a complete Revenue Integrity Program to its clients. The eValuator program helps users optimize coding and documentation accuracy for every patient encounter prior to billing, substantially improving current financial performance while also assisting in the transition to new payment models."We are pleased to partner with another academic medical center to help ensure revenue integrity prior to billing," stated Ben Stilwill, President, Streamline Health. "Using pre-bill automation to assess coding accuracy and prioritize potential issues will enable their staff to focus on the areas requiring their expertise, allowing for maximum impact in terms of compliant financial performance."
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JWN | Hot Stocks16:36 EST Nordstrom falls 5% to $21.52 after Q3 results, FY22 guidance
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ULBI | Hot Stocks16:33 EST Ultralife CEO Michael Popielec to depart, Michael Manna to succeed - The board of directors of Ultralife has appointed Michael Manna as the company's president and CEO and as a member of the board of directors effective immediately to replace Michael Popielec who is leaving the company. Popielec will remain with Ultralife as an employee for a sixty-day period ending January 20, 2023 in an advisory role to ensure a smooth leadership transition. In addition to his new role, Mike Manna will retain his leadership position for the company's Battery & Energy Products segment which he held prior to his appointment as president and CEO.
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SATS MAXR | Hot Stocks16:32 EST EchoStar, Maxar Technologies amend pact for Hughes JUPITER 3 production - EchoStar (SATS) announced an amended agreement with Maxar Technologies (MAXR) for production of the EchoStar XXIV satellite, also known as JUPITER 3. The satellite, designed for EchoStar's Hughes Network Systems division, is under production at Maxar's facility in Palo Alto, CA. The amended agreement compensates EchoStar for past production delays by providing relief on future payments and expands EchoStar's recourse in the event of any further delays. The satellite is currently planned to launch in the first half of 2023.
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MANU | Hot Stocks16:31 EST Manchester United board to explore strategic alternatives, including sale - Manchester United announced that the company's Board of Directors is commencing a process to explore strategic alternatives for the club. As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company. This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club's commercial operations on a global scale, each in the context of enhancing the long-term success of the club's men's, women's and academy teams, and bringing benefits to fans and other stakeholders. Executive Co-Chairmen and Directors, Avram Glazer and Joel Glazer said, "The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the Club's history of success, the Board has authorized a thorough evaluation of strategic alternatives. We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future. Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders." There can be no assurance that the review being undertaken will result in any transaction involving the Company. Manchester United does not intend to make further announcements regarding the review unless and until the Board has approved a specific transaction or other course of action requiring a formal announcement.
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ADSK | Hot Stocks16:29 EST Autodesk falls 7% to $194.50 after Q3 results, FY23 guidance
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HPQ | Hot Stocks16:22 EST HP Inc. to reduce headcount by 4,000-6,000 employees in cost savings plan - HP Inc. announced a FY23 Future Ready Transformation plan, driving structural cost savings through digital transformation, portfolio optimization and operational efficiency. The company estimates that these actions will result in annualized gross run rate savings of at least $1.4B by the end of FY25. The company estimates that it will incur approximately $1B in labor and non-labor costs related to restructuring and other charges, with approximately $0.6B in FY23, and the rest split approximately equally between FY24 and FY25. The company expects to reduce gross global headcount by approximately 4,000-6,000 employees. These actions are expected to be completed by the end of FY25.
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HPQ | Hot Stocks16:20 EST HP Inc. increases quarterly dividend 5% to 26.25c per share - The HP board of directors has declared a quarterly cash dividend of 26.25c per share on the company's common stock, payable on January 4, 2023. This is an increase of 5% from the prior dividend.
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ATAX | Hot Stocks16:20 EST America First Multifamily Investors announces approval to list on NYSE - On November 22, America First Multifamily Investors announced the approval of its application to list its beneficial unit certificates representing assigned limited partnership interests on the New York Stock Exchange . As a result, the Partnership intends to voluntarily transfer the listing of the BUCs from the Nasdaq Global Select Market to the NYSE, and the Partnership has provided written notice to the Nasdaq to that effect. The Partnership previously announced its plans to change the Partnership's legal name to Greystone Housing Impact Investors. The Partnership expects to commence trading on the NYSE as Greystone Housing Impact Investors LP upon market open on December 5 and will trade under the symbol "GHI". The BUCs will continue to be traded on the Nasdaq Global Select Market under the symbol "ATAX" until the close of trading on December 2. "We are excited to begin this new chapter for the Partnership with listing our BUCs on the NYSE," said Kenneth C. Rogozinski, Chief Executive of Officer of the Partnership. "Our inclusion on the NYSE under the well-respected Greystone brand is expected to provide long-term benefits for our unitholders."
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SON | Hot Stocks16:17 EST SonocoThermoSafe and LATAM Cargo sign global master lease agreement - Sonoco ThermoSafe, a unit of Sonoco and one of the largest global providers of temperature assurance packaging, and LATAM Cargo, an international cargo airline with headquarters in Santiago de Chile, are pleased to announce a global lease agreement for the new Pegasus ULD temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD containers directly from LATAM Cargo. Sonoco ThermoSafe's Pegasus ULD is the world's first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost. With a focus on sustainability, the Pegasus ULD is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus ULD contains a fully integrated, FAA-approved telemetry system providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location.
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SRE COP | Hot Stocks16:17 EST Sempra Energy subsidiary and ConocoPhillips execute SPA for 5Mtpa of LNG - Sempra (NYSE: SRE) announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (COP) have executed a 20-year Sale and Purchase Agreement, or SPA, for 5 million tonnes per annum, or Mtpa, of liquefied natural gas, or LNG, from Phase 1 of the proposed Port Arthur LNG project under development in Jefferson County, Texas. The parties have also entered into an equity sale and purchase agreement whereby ConocoPhillips will acquire 30% of the equity in Phase 1 of Port Arthur LNG, and a natural gas supply management agreement whereby ConocoPhillips will manage the feedgas supply requirements for Phase 1 of the proposed liquefaction facility. The Port Arthur LNG Phase 1 project is permitted and expected to include two natural gas liquefaction trains and LNG storage tanks, and associated facilities capable of producing, under optimal conditions, up to approximately 13.5 Mtpa of LNG. A similarly sized Port Arthur LNG Phase 2 project is also competitively positioned and under active marketing and development.
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TBPH | Hot Stocks16:17 EST Theravance Biopharma announces results of Dutch auction tender offer - Theravance Biopharma announced the final results of its Dutch auction tender offer to purchase up to $95M of its ordinary shares, par value $0.00001 per share, which expired at midnight, New York City time, at the end of the day on November 17. Based on the final count by Computershare Trust Company, N.A., the depositary for the Offer (the "Depositary"), a total of 115,967 Shares were properly tendered and not properly withdrawn. The company has accepted for purchase 115,967 Shares through the Offer at a price of $10.50 per Share, for an aggregate cost of approximately $1.2M, excluding fees and expenses relating to the Offer. The total of 115,967 Shares that the company has accepted for purchase represents approximately 0.2% of the total number of Shares outstanding as of November 21. As the company accepted for purchase all the Shares that were properly tendered and not properly withdrawn, there is no proration factor. The company intends to use the unused portion of the Offer to enlarge the company's previously announced, planned open market share repurchase plan, which the company expects to finalize and commence after the closing of the Offer.
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AYTU | Hot Stocks16:12 EST Nasdaq gives Aytu BioPharma 180-day extension to comply with bid price rule - Aytu BioPharma announced that the Company received written notification from the Listing Qualifications Department of The Nasdaq Stock Market granting the Company's request for a 180-day extension to regain compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) . The Company has until May 22, 2023 to meet the requirement. If at any time prior to May 22 the bid price of the Company's Common Stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Company will regain compliance with the Bid Price Rule The Company intends to actively monitor the closing bid price of its Common Stock and may, if appropriate, consider implementing available options to regain compliance with the Bid Price Rule under the Nasdaq Listing Rules, including enacting a reverse stock split. On October 5 the Company's stockholders approved an amendment to its Certificate of Incorporation to effect a reverse stock split at a ratio of any whole number up to 1-for-20. Any reverse split would be determined by and at the discretion of the Company's board of directors, and be permissible at any time before October 4, 2023.
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JWN | Hot Stocks16:10 EST Nordstrom says 'we are right-sizing our inventory levels' - "We are right-sizing our inventory levels and mix, and are on track to end 2022 in a healthy and current position," said Pete Nordstrom, president and chief brand officer of Nordstrom. "Customers continue to respond to newness and fashion in our offering, and we are focused on remaining agile to respond to their changing needs. This holiday season we are delivering a fresh, relevant assortment, which supports our goal of being the go-to destination for gifting, and preparing for the moments that matter most to customers."
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JWN | Hot Stocks16:08 EST Nordstrom reports Q3 digital sales down 16.4% y/y - Digital sales decreased 16.4 percent compared with the same period in fiscal 2021. The timing shift of the Anniversary Sale had a negative impact on company digital sales of approximately 300 basis points compared with the third quarter of 2021. Reducing store fulfillment for Nordstrom Rack digital orders during the third quarter and sunsetting Trunk Club earlier in fiscal 2022 negatively impacted digital sales by approximately 700 basis points. Reducing Nordstrom Rack store fulfillment accounted for the majority of the impact. Digital sales represented 34 percent of total sales during the quarter.
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AMRX | Hot Stocks16:08 EST Amneal launches second biosimilar with RELEUKO in U.S. - Amneal Pharmaceuticals announced the commercial launch of RELEUKO, a biosimilar referencing Neupogen. RELEUKO is used to treat neutropenia which is commonly experienced by patients undergoing chemotherapy. This product was developed in collaboration with Kashiv Biosciences, LLC located in Chicago, Illinois. "RELEUKO is our second U.S. biosimilar launch and represents the next step in building out our biosimilars business. This product is another important oncology therapeutic offering for providers and their patients as we look to make essential medicines more accessible for all," said Harsher Singh, SVP of Amneal Biosciences division. According to IQVIA, U.S. annual sales for filgrastim for the 12 months ended August 2022 were $390 million, of which $272 million represented biosimilar sales.
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FOCS | Hot Stocks16:08 EST Focus Financial announces Clinstman Financial Planning joins partner firm - Focus Financial announced that it has entered into a definitive agreement under which Clinstman Financial Planning, a registered investment adviser based in Southlake, Texas, will join Focus partner firm Buckingham Strategic Wealth. This transaction is expected to close in the first quarter of 2023, subject to customary closing conditions. Clintsman has eleven associates, including partners Randall Crimmings and Kyle Imhof, and remains committed to helping its clients meet their financial and life objectives.
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ACRS | Hot Stocks16:07 EST Aclaris names Dr. Neal Walker board chair, Doug Manion to transition to CEO role - Aclaris Therapeutics announced several key leadership changes. Effective January 1 co-founder and current chief executive officer, Dr. Neal Walker, will transition to the role of chair of the board of directors. Current chair, Christopher Molineaux, will remain on the board and transition to lead independent director. Dr. Doug Manion will transition from chief operating officer to the role of chief executive officer, while continuing to serve as president. Dr. Manion will also serve as a member of the Aclaris board of directors effective January 1, 2023. In addition, Aclaris is announcing the retirement of co-founder and chief financial officer Frank Ruffo effective December 31. Kevin Balthaser has been appointed chief financial officer, effective January 1. Aclaris is also announcing the appointment of Matthew Rothman, J.D. to the role of general counsel and corporate secretary, effective immediately. Mr. Rothman joined Aclaris in 2018 and has served in a number of roles of increasing responsibility within the legal department, most recently as vice president, legal and compliance.
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SAIC | Hot Stocks16:07 EST SAIC received about $950M in space, intelligence contract awards in Q3 - SAIC received approximately $950M in space and intelligence contract awards during the third quarter of fiscal year 2023. "We are honored by the trust our customers have placed in us. These important contract wins create a confluence of capabilities that build on one another to position SAIC as an exceptional partner to our space and intelligence customers," said Michael LaRouche, president National Security and Space Sector at SAIC. "When dealing with critical problem sets like the next generation space systems, JADC2 or hypersonic threats, we must deliver solutions that combine the full breadth of SAIC's resources. Our diversity of talent and capabilities drive novel applications that are resonating with our customers for their critical missions."
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STRL | Hot Stocks16:06 EST Sterling announces transportation solutions $45M aviation award - Sterling Infrastructure announced that Ralph L. Wadsworth Construction Company, LLC was awarded the Phase 4 Terminal Redevelopment Program at the Salt Lake City International Airport. The design package consists of the gate expansion for the new North Concourse. The project scope involves airfield and civil work to connect adjacent taxiways and includes extensive electrical work to update lighting and signage. In addition, the demolition of taxiways, aprons, utilities and other related infrastructure will be completed to make way for the new installations in the design layout.
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GS | Hot Stocks16:05 EST Goldman Sachs Asset Management to pay $4M penalty to settle SEC charges - The Securities and Exchange Commission announced that it charged Goldman Sachs Asset Management, or GSAM, for policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance investments. To settle the charges, GSAM agreed to pay a $4M penalty. Reference Link
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ADSK | Hot Stocks16:04 EST Autodesk announces $5B share repurchase program - In November, the Board of Directors authorized the repurchase of $5B of the company's common stock, in addition to the approximately 3.8M shares remaining, as of October 31, under previously announced share repurchase programs.
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LHDX | Hot Stocks16:03 EST Lucira Health granted EUA from FDA for COVID-19 & Flu Test - Lucira Health announced that the FDA granted emergency use authorization, or EUA, for its Lucira COVID-19 & Flu Test, for point-of-care use. The Lucira COVID-19 & Flu Test is a molecular test that performed comparably to highly sensitive lab-based PCR assays in clinical trials. This combination test is the first in a pipeline of other multiple assay tests that leverage Lucira technology platform's ability to multiplex from a single sample. The test delivers results between 11 and 30 minutes from one shallow nasal swab.
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OPNT | Hot Stocks16:02 EST Opiant Pharmaceuticals completes rolling NDA submission for OPNT003 - Opiant Pharmaceuticals announced it has completed submission of its rolling new drug application, or NDA, to the FDA seeking approval for OPNT003, nasal nalmefene, for the treatment of opioid overdose.
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BGSF | Hot Stocks16:01 EST BGSF names Melissa Phillips chief digital officer - BGSF announced the appointment of Melissa Phillips to the new strategic role as Chief Digital Officer on the executive leadership team. Beth A. Garvey, Chair, President and CEO, commented, "We are extremely excited to welcome Melissa to the BGSF team. We plan to leverage Melissa's expertise to build on our technology platform by championing digital transformations via the launch of innovative, mobile-first solutions. We believe this will position our Company for the next level of digital advancement and automation. With the addition of her on the team, we will be able to create scalable touchpoints within the user journey for both candidates and customers within our new technology stack."
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SGLY | Hot Stocks16:01 EST Singularity Future Technology receives Nasdaq notice of non-compliance - Singularity Future Technology announced that on November 16, it received an additional staff determination notice from the Listing Qualifications Department of The Nasdaq Stock Market advising that it had not received the Company's Form 10-Q for the quarterly period ended September 30, 2022, which served as an additional basis for delisting the Company's securities and that Nasdaq Hearings Panel will consider the additional deficiency in rendering a determination regarding the company's continued listing on The Nasdaq Capital Market. The company has submitted to the Panel a plan to regain compliance with the continued listing requirements, including the filing of the Form 10-Q for the quarterly period ended September 30.
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TAK | Hot Stocks16:00 EST Takeda's BLA for dengue vaccine candidate granted priority review by FDA - Takeda announced that the U.S. Food and Drug Administration has accepted and granted priority review of the Biologics License Application for TAK-003, the company's investigational dengue vaccine candidate. In the U.S., TAK-003 is being evaluated for the prevention of dengue disease caused by any dengue virus serotype in individuals 4 years through 60 years of age. Dengue is a mosquito-borne virus endemic in more than 125 countries, including the U.S. territories of Puerto Rico, the U.S. Virgin Islands and American Samoa. Incidence of dengue has increased globally over the past two decades and is a leading cause of fever among travelers returning from Latin America, the Caribbean and Southeast Asia. "If approved, we believe TAK-003 has the potential to become an important dengue prevention option for healthcare providers, and we continue to be encouraged by our discussions with the FDA," said Gary Dubin, M.D., president of the Global Vaccine Business Unit at Takeda. "This year, of the 888 dengue infections in the U.S., 96% were a result of travel to dengue endemic areas. Of the 316 dengue infections in U.S. endemic territories, 97% were locally transmitted. At Takeda, we are guided by our commitment to serving these affected populations and are fully committed to working with the FDA to advance this filing."
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UNP | Hot Stocks15:56 EST STB to hold in-person public hearing with Union Pacific over use of embargoes - The Surface Transportation Board announced that it will hold an in-person public hearing on December 13 and 14, 2022, with Union Pacific Railroad Company pertaining to the substantial increase in its use of embargoes as a method of reducing rail traffic congestion. UP's use of embargoes to control congestion has increased from a total of 5 in 2017 to more than 1,000 to date in 2022. The Board has received numerous reports that shippers are suffering supply chain problems as a result of the embargoes that are hampering their operations. The Board notes that UP carries nearly 27 percent of freight served by rail and nearly 11 percent of all long-distance freight volume. Therefore, disruptions in UP's service levels have a significant detrimental impact on the supply chain and the nation's economy. The Board has been closely monitoring UP's usage of embargoes and has noticed a disturbing upward trend in their usage in recent years. For these reasons, the Board is directing UP CEO Lance Fritz and other top executive-level officials of UP to appear at the hearing and expects to hear testimony on topics including, but not limited to, the railroad's decision-making process in determining whether to issue an embargo, data inputs, its consideration of shippers' operational needs, and explanations for the dramatic increase in embargoes since 2017. The Board also invites testimony from shippers and other stakeholders who can contribute to the Board's understanding of the cause and/or impact of the embargoes.
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ABBV | Hot Stocks15:48 EST AbbVie to present 'nearly 65 abstracts' at ASH annual meeting - AbbVie announced it will present results from "nearly 65 company and partner abstracts across 8 types of cancer" during the upcoming American Society of Hematology, or ASH, annual meeting being held December 10-13 in New Orleans, Louisiana. "Our latest research is driven by our commitment to help improve the health and lives of people living with blood cancers," said Mohamed Zaki, M.D., Ph.D., vice president and global head of oncology development, AbbVie. "The data we are presenting at the ASH annual congress represents progress in our expanding hematology oncology portfolio and the potential to help address more blood cancer patient needs in the future."
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CSLLY | Hot Stocks15:37 EST FDA approves CSL gene therapy to treat adults with Hemophilia B - The U.S. Food and Drug Administration approved Hemgenix, or etranacogene dezaparvovec, an adeno-associated virus vector-based gene therapy for the treatment of adults with Hemophilia B who currently use Factor IX prophylaxis therapy, or have current or historical life-threatening hemorrhage, or have repeated, serious spontaneous bleeding episodes. Peter Marks, M.D., Ph.D., director of the FDA's Center for Biologics Evaluation and Research, said, "Today's approval provides a new treatment option for patients with Hemophilia B and represents important progress in the development of innovative therapies for those experiencing a high burden of disease associated with this form of hemophilia." The FDA granted approval of Hemgenix to CSL Behring. Reference Link
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LHDX | Hot Stocks15:26 EST FDA grants emergency use authorization to Lucira's COVID-19 and Flu Test - The FDA sent a letter to Lucira Health saying that the company's COVID-19 and Flu Test meets the criteria for issuance of emergency use authorization. FDA chief scientist Namandje N. Bumpus concluded in a letter that: The SARS-CoV-2 can cause a serious or life-threatening disease or condition, including severe respiratory illness, to humans infected by this virus; Based on the totality of scientific evidence available to FDA, it is reasonable to believe that the product may be effective in diagnosing COVID-19, through the simultaneous qualitative detection and differentiation of SARS-CoV-2, influenza A virus, and/or influenza B virus RNA, and that the known and potential benefits of the product when used for diagnosing COVID-19, outweigh the known and potential risks of the product; and there is no adequate, approved, and available alternative to the emergency use of the product. Reference Link
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MRTX | Hot Stocks15:09 EST Mirati Therapeutics extends gain after volatility pause, now up 15%
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MRTX | Hot Stocks15:08 EST Mirati Therapeutics trading resumes
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MRTX | Hot Stocks15:06 EST Mirati Therapeutics up 9% after report of takeover interest
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MRTX | Hot Stocks15:03 EST Mirati Therapeutics trading halted, volatility trading pause
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MANU | Hot Stocks14:41 EST Manchester United jumps 13% in New York after report of owners exploring sale - Shares of the football club are up $1.63, or 13%, to $14.66 in New York trading on Tuesday afternoon following the report from Sky News' Mark Kleinman.
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MANU | Hot Stocks14:35 EST Manchester United trading resumes
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MANU | Hot Stocks14:29 EST Manchester United trading halted, volatility trading pause
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KBH... | Hot Stocks13:54 EST Redfin says investor home purchases fell 30.2% YoY nationwide in Q3 - According to a blog posting, from Lily Katz and Sheharyar Bokhari of Redfin: "Investor home purchases fell 30.2% year over year nationwide in the third quarter, the largest decline since the Great Recession aside from the second quarter of 2020, when investor activity plummeted due to the onset of the pandemic. That outpaced a 27.4% drop in overall home purchases nationwide." Other publicly traded companies with exposure to real estate brokerage include RE/MAX Holdings (RMAX), Compass (COMP), Zillow Group (Z) and The Real Brokerage (REAX), Lennar (LEN) and KB Home(KBH). Reference Link
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TNYA | Hot Stocks13:25 EST Tenaya treatment for ARVC due to PKP2 mutations granted orphan designation - Tenaya Therapeutics' treatment for arrhythmogenic right ventricular cardiomyopathy, or ARVC, due to PKP2 mutations was granted Orphan Designation by the FDA, according to a post to the agency's website. Reference Link
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TWTR... | Hot Stocks13:13 EST EC Chief von der Leyen, confirms TikTok's data transfers being investigated - In a post to his Twitter account Brendan Carr, who serves as a commissioner of the Federal Communications Commission, said : "The President of the European Commission, Ursula von der Leyen, confirms that #TikTok's data transfers are under investigation & object of several ongoing proceedings.This comes after concerns raised by Members of the European Parliament about data access from inside China." Reference Link
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META | Hot Stocks12:38 EST Meta communications director denies report that Zuckerberg will resign next year - Andy Stone, Meta's communications director, said on Twitter that a report claiming CEO Mark Zuckerberg is set to resign next year is false. Reference Link
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GMVD | Hot Stocks12:28 EST G Medical Innovations receives notice of deficiency with Nasdaq requirements - G Medical Innovations Holdings has received a written notice from Nasdaq Stock Market, indicating that the Company is no longer in compliance with the minimum shareholders' equity requirement for continued listing on the Nasdaq Capital Market. Nasdaq Rule 5550(b)(1) requires listed companies to maintain shareholders' equity of at least $2,500,000. Further, the Company did not meet the alternative compliance standards relating to the market value of listed securities or net income from continuing operations, as set forth in Nasdaq Rule 5550(b)(1). In accordance with Nasdaq Rule 5810(c)(2)(A), the Company has 45 calendar days, or until January 6, 2023, to submit a plan to regain compliance. If the plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from the date of the letter to evidence compliance. The Notice has no immediate effect on the Company's Nasdaq listing or the trading of its ordinary shares on the Nasdaq Capital Market under the symbol "GMVD". The Company intends to evaluate its courses of action and to timely submit a plan to Nasdaq to regain compliance with the Nasdaq minimum shareholders' equity requirement. However, there can be no assurance that the Company's plan will be accepted or that, if it is, the Company will be able to regain compliance.
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ASTC | Hot Stocks12:03 EST Astrotech says BreathTest-100 can distinguish between infected, healthy samples - Astrotech Corporation announced that, based on analysis of data from testing of breath samples procured during library development, the BreathTest-1000 lung disease screening instrument can clearly distinguish between infected and healthy breath samples. The BreathTest-1000 is a breath analysis tool designed to screen for volatile organic compound metabolites found in a person's breath that could indicate they may have a bacterial or viral infection. To assist in the development of the BreathTest-1000, BreathTech has entered into development contracts with Cleveland Clinic, Mountain View Clinical Research, and Tools for AI, Inc. Cleveland Clinic is contracted to provide breath samples for several respiratory diseases including COVID-19, Mountain View is contracted to provide diseased and non-diseased breath samples, and Tools for AI is managing the artificial intelligence initiative.
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NOAH | Hot Stocks12:00 EST Noah Holdings falls -14.9% - Noah Holdings is down -14.9%, or -$2.23 to $12.73.
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DY | Hot Stocks12:00 EST Dycom falls -16.1% - Dycom is down -16.1%, or -$17.59 to $91.96.
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PERF | Hot Stocks12:00 EST Perfect Corp. falls -20.4% - Perfect Corp. is down -20.4%, or -$1.77 to $6.89.
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BURL | Hot Stocks12:00 EST Burlington Stores rises 14.5% - Burlington Stores is up 14.5%, or $22.79 to $180.43.
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AEO | Hot Stocks12:00 EST American Eagle rises 16.8% - American Eagle is up 16.8%, or $2.18 to $15.18.
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ANF | Hot Stocks12:00 EST Abercrombie & Fitch rises 18.4% - Abercrombie & Fitch is up 18.4%, or $3.43 to $22.06.
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AEO | Hot Stocks11:40 EST American Eagle COO says merchandise margin should be better next year - Asked on their Q3 earnings call by an analyst if the company sees any reason why they couldn't see merchandise margin expansion into next year, American Eagle COO Michael Rempell replied: "I think merch margin should be better next year. We have IMU benefit. Supply chains are much tighter, so we could run the business leaner and chase into demand. And we're up against a year, Matt, that was really unprecedented. It had very long lead times. We are going against stimulus fueled demand. And next year, we're up against a much more normalized environment. So between IMU benefits and ending this quarter in a very good inventory position and being able to react to the business next year, which is something we couldn't do this year, I absolutely believe that we're going to have higher merch margins next year."
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NWPX | Hot Stocks10:59 EST Northwest Pipe to manufacture engineered steel pressure Texas pipeline project - Northwest Pipe was recently selected by S.J. Louis Construction and Alliance Regional Water Authority to produce engineered steel pressure pipe for Alliance Regional Water Authority Phase 1B-Segment D. Phase 1B is the second and largest phase of construction for this major water infrastructure project in Central Texas. When complete, Phase 1B will initially produce, treat, and deliver approximately 5,500 acre-feet of water per year, growing to 15,000 acre-feet per year through the future addition of wells and water treatment basins. "In this segment, we are manufacturing over 18 miles of engineered steel pipe for Alliance Water. We previously delivered over 5,100 tons to Alliance in 2021 for Segment A. We are pleased to again be working on this critical infrastructure project, which once completed, will serve over 225,000 residents in the area," said Scott Montross, President and Chief Executive Officer of Northwest Pipe Company. Montross continued, "As Texas continues to grow, we look forward to supporting their long-term water needs."
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DKS | Hot Stocks10:44 EST Dick's Sporting not expecting more promotional environment next year
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DKS | Hot Stocks10:44 EST Dick's Sporting: Confidence is 'as high as it's been' - Sees "absolutely no signs" of any degradation entering Q4.
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DKS | Hot Stocks10:43 EST Dick's Sporting: 'Tremendous' confidence in LT sustainability of profitability - Comments taken from Q3 earnings conference call.
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FIS | Hot Stocks10:42 EST FIS up nearly 3% after Bloomberg report on job cutting plans - Shares of FIS are up $1.52, or about 2.5%, to $63.08 following Bloomberg's report.
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ATNX | Hot Stocks10:33 EST Athenex shareholders approve all three proposals at Special Meeting - Athenex announced the results of its special meeting of stockholders, held as a virtual meeting on November 22, 2022. Athenex shareholders have approved all three proposals put before them today at the Special Meeting, including: to effect an increase in the total number of authorized shares of common stock of the Company, to authorize a reverse stock split of the Company's common stock, which is intended to increase the per share price of the common stock and enable the Company to regain compliance with the Nasdaq continued listing requirements, and to increase the number of shares available for issuance under the Company's 2017 Omnibus Incentive Plan.
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AGBA | Hot Stocks10:23 EST AGBA Acquisition Ltd trading resumes
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AGBA | Hot Stocks10:18 EST AGBA Acquisition Ltd trading halted, volatility trading pause
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GRND | Hot Stocks10:10 EST GRND Stock trading resumes
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GRND | Hot Stocks10:05 EST GRND Stock trading halted, volatility trading pause
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IDBA | Hot Stocks10:03 EST Sella Group launches biometric payment cards in collaboration with IDEMIA - IDEX Biometric announces that Sella Group in Italy has launched biometric payment cards in collaboration with IDEMIA, powered by IDEX Biometrics sensor solution. This launch follows the IDEX Biometrics recent announcement of a major UAE bank launching a full-scale biometric payment card program in the Middle East, indicating a significant market acceleration. The biometric payment card will initially be offered to selected target segments
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HOUS | Hot Stocks10:01 EST Sotheby's International Realty opens first office in Kazakhstan - Sotheby's International Realty announced the opening of Kazakhstan Sotheby's International Realty, signifying the brand's continued expansion to nearly 220 offices in the EMEIA region. Kazakhstan Sotheby's International Realty is owned and operated by Andrei Manoukovski and will be led by CEO, Diana Alieva, who bring nearly 30 years of collective real estate experience to the company. The company is headquartered in the city of Almaty and will service the entire country, including the cities of Almaty, Astana, Shimkent, Aktobe, and Pavlador.
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FOUR | Hot Stocks10:00 EST Shift4 Payments falls -8.5% - Shift4 Payments is down -8.5%, or -$3.92 to $41.95.
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PBR | Hot Stocks10:00 EST Petrobras falls -10.6% - Petrobras is down -10.6%, or -$1.14 to $9.62.
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MOV | Hot Stocks10:00 EST Movado falls -12.5% - Movado is down -12.5%, or -$4.18 to $29.31.
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AEO | Hot Stocks10:00 EST American Eagle rises 14.2% - American Eagle is up 14.2%, or $1.84 to $14.84.
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BURL | Hot Stocks10:00 EST Burlington Stores rises 16.8% - Burlington Stores is up 16.8%, or $26.41 to $184.05.
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ANF | Hot Stocks10:00 EST Abercrombie & Fitch rises 19.2% - Abercrombie & Fitch is up 19.2%, or $3.58 to $22.21.
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DLTR | Hot Stocks09:55 EST Dollar Tree sees mid-30% gross margin rates for Dollar Tree banner going forward - Comments taken from Q3 earnings conference call.
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HMAC | Hot Stocks09:55 EST Hainan Manaslu Acquisition Corp trading resumes
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BGNE JNJ | Hot Stocks09:47 EST BeiGene to present final PFS results from ALPINE trial at ASH 2022 - Earlier, BeiGene (BGNE) announced that the results of the final progression free survival, or PFS, analysis of the ALPINE trial will be presented at a late-breaking oral presentation session at the 64th American Society of Hematology, or ASH, Annual Meeting in New Orleans. ALPINE is a global Phase 3 trial comparing Brukinsa with Imbruvida (JNJ) in patients with relapsed/refractory chronic lymphocytic leukemia, or CLL, or small lymphocytic leukemia, or SLL. The results will be presented at 10:15 am CST during the late-breaking abstract session on Tuesday, December 13. In this final PFS analysis, Brukinsa achieved superior PFS compared with ibrutinib, as assessed by both Independent Review Committee and investigator. The PFS results favored zanubrutinib consistently across major pre-defined subgroups including IGHV status and patients with del(17p)/TP53, regardless of IRC or investigator assessment, the company stated. "Brukinsa is the only BTK inhibitor to demonstrate superior efficacy over ibrutinib in any treatment setting; The ALPINE trial results demonstrate superiority for both PFS and ORR versus ibrutinib in relapsed or refractory CLL/SLL," said Mehrdad Mobasher, M.D., M.P.H. Chief Medical Officer, Hematology at BeiGene. "With nearly 30 months of follow up in this trial, we have seen a very consistent safety and tolerability profile for Brukinsa and look forward to sharing detailed results from this analysis at ASH."
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NOAH | Hot Stocks09:47 EST Noah Holdings falls -8.8% - Noah Holdings is down -8.8%, or -$1.31 to $13.65.
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PBR | Hot Stocks09:47 EST Petrobras falls -8.9% - Petrobras is down -8.9%, or -96c to $9.79.
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MOV | Hot Stocks09:47 EST Movado falls -9.3% - Movado is down -9.3%, or -$3.13 to $30.36.
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BBY | Hot Stocks09:47 EST Best Buy rises 9.5% - Best Buy is up 9.5%, or $6.75 to $77.58.
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ANF | Hot Stocks09:47 EST Abercrombie & Fitch rises 15.9% - Abercrombie & Fitch is up 15.9%, or $2.96 to $21.59.
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BURL | Hot Stocks09:47 EST Burlington Stores rises 17.0% - Burlington Stores is up 17.0%, or $26.82 to $184.47.
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EBON | Hot Stocks09:45 EST Ebang International trading resumes
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AMGN | Hot Stocks09:45 EST FDA investigating risk of severe hypocalcemia in patients receiving Prolia - The U.S. Food and Drug Administration announced it is investigating the risk of severe hypocalcemia with serious outcomes, including hospitalization and death, in patients with advanced kidney disease on dialysis treated with the osteoporosis medicine Prolia, or denosumab. "Our review of interim results from an ongoing safety study of Prolia suggests an increased risk of hypocalcemia, or low calcium levels in the blood, in patients with advanced kidney disease. Preliminary results from a separate internal FDA study further investigating hypocalcemia in dialysis patients treated with Prolia show a substantial risk with serious outcomes, including hospitalization and death," the FDA stated in a notice on its website. The FDA added: "When FDA first approved Prolia, we required the manufacturer, Amgen, to conduct a long-term safety study in women with postmenopausal osteoporosis and men with osteoporosis. Our review of the interim results from this ongoing safety study suggests an increased risk of hypocalcemia with Prolia in patients with advanced kidney disease. In addition, adverse event reports submitted to FDA showed severe and symptomatic hypocalcemia, including hospitalization and death, is occurring in patients with advanced kidney disease treated with Prolia. Preliminary results from a separate internal FDA study investigating the risk of hypocalcemia suggest that patients on dialysis treated with Prolia are at substantial risk for severe and symptomatic hypocalcemia, including hospitalization and death." Reference Link
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NVS | Hot Stocks09:44 EST Novartis to present data on breast cancer, hematology advancements at SBACS, ASH - Novartis will present data on the latest advancements in breast cancer and hematology at the 2022 San Antonio Breast Cancer Symposium, or SABCS, December 6-10, and the American Society of Hematology, or ASH, Annual Meeting, December 10-13. More than 130 abstracts, from both Novartis-sponsored trials and investigator-initiated trials using Novartis compounds, were accepted at the meetings, reinforcing Novartis leadership and innovation in priority oncology therapeutic areas. "Novartis continues to pioneer critical medicines that redefine treatment goals in cancer and non-malignant hematology," said Jeff Legos, Executive Vice President, Global Head of Oncology & Hematology Development, Novartis. "At SABCS and ASH this year, we'll share new clinically-relevant and patient-focused data for Kisqali in aggressive metastatic breast cancer, and for Scemblix and YTB323 in life-threatening blood cancers, and potentially practice-changing data for iptacopan in PNH, underscoring the strength of our promising pipeline." Data to be presented include, late-breaker abstract from global pivotal APPLY-PNH trial of investigational oral monotherapy iptacopan in paroxysmal nocturnal hemoglobinaria, a rare and serious complement-mediated blood disorder; new data evaluating the superiority of first-line Kisqali plus endocrine therapy vs. combination chemotherapy in pre-menopausal patients with HR+/HER2- metastatic breast cancer with aggressive disease, including patients with visceral disease; new analysis from Scemblix ASCEMBL trial on factors of response in pre-treated patients with Ph+ CML-CP and trial-in-progress update from ASC4FIRST, investigating Scemblix in newly diagnosed patients; and new follow-up data from the ongoing Phase I trial with next generation CAR-T cell therapy rapcabtagene autoleucel in r/r DLBCL using the Novartis-developed T-Charge platform.
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TCBP | Hot Stocks09:41 EST TC BioPharm Ltd (ADR) trading resumes
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EBON | Hot Stocks09:40 EST Ebang International trading halted, volatility trading pause
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HMAC | Hot Stocks09:38 EST Hainan Manaslu Acquisition to resume trading at 09:55ET - Trading in shares of Hainan Manaslu Acquisition is set to resume at 9:55 am ET, with quotation scheduled to resume at 9:50 am ET, according to Nasdaq. Shares had been halted ahead of the announcement that Able View has executed a business combination agreement with Hainan Manaslu.
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HNHPF | Hot Stocks09:38 EST Hon Hai Precision 'categorically refutes' allegations of forced labor use - Hon Hai Technology Group, or "Foxconn," issued a statement regarding the report "Passively Funding Crimes Against Humanity," stating in part: "Foxconn categorically refutes allegations of forced labor use in our operations. We are aware that past reports by well-regarded research institutions have connected Foxconn to forced labor issues. We have responded to such reports, such as in March 2020 related to a report by the Australian Strategic Policy Institute, or ASPI, refuting alleged connection to forced labor issues. The ASPI report is a key citation in the public domain that the current report: 'Passively Funding Crimes Against Humanity' bases its findings... Foxconn welcomes stakeholders and concerned parties to discuss with us, at any time, such important issues. We believe that direct exchanges can contribute to transparency and accuracy on issues that are critical for the global community. We hope that going forward Foxconn will be provided the opportunity to respond to critical issues ahead of a report's release to allow for fair representation in the final assessment. Foxconn closely follows labor issues and policies around the world to stay updated on best practice and key concerns." Reference Link
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PEV | Hot Stocks09:36 EST Phoenix Motor, CATL enter long-term partnership - Phoenix Motor announced the signing of a non-binding Memorandum of Understanding with Contemporary Amperex Technology for the co-development of batteries for Phoenix Motorcars' product lines. The MOU will support the long-term supply of battery solutions and related products for Phoenix's commercial electric vehicles including Gen 4 vehicles, as well as the potential cooperation on Gen 5 and EdisonFuture models in the future. The two companies also agreed to explore the opportunity to deploy E-rolling chassis technology in Phoenix vehicle models.
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TCBP | Hot Stocks09:36 EST TC BioPharm Ltd (ADR) trading halted, volatility trading pause
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IDBA | Hot Stocks09:35 EST IDBA Stock trading resumes
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VMI | Hot Stocks09:30 EST Valmont spikes 5% to $345 per share after deal to sell offshore wind unit - Shares of Valmont are up 5.00% in pre-market trading or $16.44 per share to $345.36 per share after announcing a definitive agreement to sell its offshore wind business to Euro Steel, a Denmark-based supplier of steel products to the European wind market.
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IDBA | Hot Stocks09:30 EST IDBA Stock trading halted, volatility trading pause
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AIRG | Hot Stocks09:26 EST Airgain secures multi-million dollar contract - Airgain announced that a manufacturer of electric vehicle, or EV, charging stations has selected Airgain's NimbeLink embedded modems to provide connectivity to its expanding nationwide network. This win is the latest for Airgain in a growing niche that includes several top manufacturers who require reliable connectivity for maintenance, status tracking, usage monitoring, payment processing, geolocation, and more.
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HMAC | Hot Stocks09:25 EST Able View executes business combination agreement with Hainan Manaslu - Able View announced that on November 21, 2022, Able View entered into a definitive business combination agreement with Hainan Manaslu Acquisition Corp. The parent company following the consummation of the business combination will be a new Cayman Islands holding company called Able View Global Inc., and will be led by Mr. Zhu Jian, Founder and Chief Executive Officer of Able View. Pubco's ordinary shares are expected to be listed on the Nasdaq Capital Market. Founded in Hong Kong in 2015, Able View Inc. is a leading cross-border brand management company focusing on beauty and personal care segments. Able View's full-service solution encompasses all aspects of the brand management value chain, covering marketing strategy, branding, digital and social marketing, omni-channel sales, customer service, oversea logistics, warehouse and fulfillment, to help global brands enter, grow and succeed in China. Leveraging its full-service capability and industry know-how, Able View usually engages with the brands as exclusive agent selling cross-border products to end customers in China across all channels. The transaction values the Combined Company at an estimated equity value on a pro-forma basis of approximately US$400 million, assuming no redemptions by HMAC's public shareholders in connection with the transaction. Assuming no redemptions by HMAC's public shareholders, it is estimated that the current shareholders of Able View will own approximately 80.3% of the issued and outstanding shares in the Combined Company at closing of the transaction. Following the consummation of the transaction, the Combined Company will report in the United States as a foreign private issuer, and, as such, will not be subject to the same disclosure and certain other obligations applicable to domestic public companies. In addition, the Combined Company expects to follow home country governance requirements, to the extent permitted by the rules of Nasdaq. The transaction has been approved by each of HMAC's and Able View's Board of Directors. The transaction is subject to the approval of HMAC's shareholders and other customary closing conditions and is expected to close in the second quarter of 2023.
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RVVTF | Hot Stocks09:22 EST Revive Therapeutics announces FDA recommendation for Type C meeting - Revive Therapeutics announced that the U.S. Food & Drug Administration has responded that a Type C meeting would be recommended, which the Company will request, to discuss the overall development plan and the latest revised endpoints for the Company's Phase 3 clinical trial to evaluate the safety and efficacy of Bucillamine, an oral drug with anti-inflammatory and antiviral properties, in patients with mild to moderate COVID-19. The FDA has now requested additional information, which would include clinical data, for them to agree on the Study's revised endpoints. The Company plans to go over with the FDA the overall development plan for Bucillamine in COVID-19 and further review the Pre-Dose selection data that would support the appropriate endpoints. The Company previously submitted to the FDA the Study's amended protocol with a new primary efficacy endpoint, specifically, assessing the difference in the proportion of participants with improvement in at least two COVID-19 related clinical symptoms on or before Day 14 compared with baseline between Bucillamine versus placebo. Additional secondary endpoints may include the time to the polymerase chain reaction resolution, clinical outcome, disease severity, supplemental oxygen use, and progression of COVID-19. Should the FDA agree with the revised protocol, the Data Safety Monitoring Board will then review the completed Post-Dose selection data of approximately 500 subjects in the context of the new primary endpoint. The DSMB may recommend continuing the Study if there is a trend toward achieving statistical significance, halting the Study early due to statistical significance likely not going to be met, or halting the Study early due to positive efficacy showing statistical significance.
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LAB | Hot Stocks09:21 EST Standard BioTools announces inducement grants under Nasdaq listing rule - Standard BioTools announced that the Compensation Committee of its Board of Directors, which is composed entirely of independent directors, granted equity awards effective as of November 20, 2022, under the Standard BioTools Inc. 2022 Inducement Equity Incentive Plan, as a material inducement to ten individuals entering into employment with Standard BioTools. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4). In connection with the individuals entering into employment with Standard BioTools as new employees, none of whom were previously employees or directors of Standard BioTools, the individuals received awards totaling an aggregate of 235,200 restricted stock units. For each employee receiving an RSU Award, 1/4th of the total number of shares of common stock underlying each RSU Award will vest on November 20, 2023, and 1/16th of the shares will vest every three months thereafter until fully vested; provided, however, that if a vesting date would otherwise fall on a day when the national stock exchange upon which the shares are listed is not open for trading, vesting will occur on the first trading day thereafter. Vesting of the RSU Awards is subject to the employee continuing to be a service provider through each such vesting date, in addition to other terms and conditions of the Plan.
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ANF | Hot Stocks09:16 EST Abercrombie & Fitch jumps 18% to $22.00 after Q3 earnings beat, guidance raise - Shares of Abercrombie & Fitch are up 18% or $3.37 in pre-market trading at $22.00 per share after the company's Q3 earnings beat. The management also updated its FY22 sales forecast to a decline of 2%-3% against prior expectations of a decline in the mid-single-digits, which implies $3.59B-$3.63B vs. consensus of $3.54B.
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CLNFF | Hot Stocks09:13 EST Calian Group to supply CCMEO with three Earth observation antennas - Calian Group announced that Natural Resources Canada's Canada Centre for Mapping and Earth Observation has once again entrusted Calian to provide three high-performance antennas for Inuvik and Gatineau. Valued at $12M, Calian will deliver two 7.3-meter tri-band antennas to Inuvik and one dual band antenna to Gatineau, including data reception and telemetry, tracking and command equipment. In all, three turnkey ground stations will be built and delivered. These ground stations will communicate with low earth orbit satellites for applications ranging from Earth observation, monitoring the environment, defence applications and disaster management. Work will commence immediately, tapping into local resources and businesses and will be completed in 2024.
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LPLA CBSH | Hot Stocks09:11 EST LPL Financial: Commerce Financial Advisors joins Institution Services Platform - LPL Financial LLC (LPLA) announced an agreement with Commerce Bank (CBSH) to transition support of Commerce Financial Advisors to LPL's Institution Services platform. Commerce Financial Advisors, the retail brokerage and advisory division of Commerce Brokerage Services, Inc., a subsidiary of Commerce Bank, comprises nearly 30 financial advisors who collectively serve approximately $4.4 billion of brokerage and advisory assets as of November 15, 2022.
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FBHS | Hot Stocks09:10 EST Fortune Brands board approves separation of MasterBrand cabinets business - Fortune Brands announced that on November 21, its board of directors approved the previously announced separation of its cabinets business, MasterBrand, via a tax-free spin-off. The separation is expected to be complete on Wednesday, December 14 and will be achieved through the distribution of all outstanding shares of MasterBrand common stock to Fortune Brands common stockholders of record as of 5:00 PM, Central Time, on Friday, December 2. The distribution of MasterBrand's shares is expected to be completed after the market close on Wednesday, December 14, with Fortune Brands common stockholders receiving one share of MasterBrand's common stock for every share of Fortune Brands' common stock held on the record date.
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HMAC | Hot Stocks09:09 EST Hainan Manaslu Acquisition Corp trading halted, news pending
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ZFOX | Hot Stocks09:09 EST ZeroFox launches PII Removal service - ZeroFox released PII Removal, a new Disruption service to help organizations combat data broker websites that include personal identifiable information of employees and executives listed for sale on publicly searchable databases. ZeroFox's enhanced Disruption PII Removal scans for and automates the takedown of customers' personal information on hundreds of data broker sites in an effort to proactively disrupt potential attacks before they happen.
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CVM | Hot Stocks09:08 EST CEL-SCI issues letter to shareholders on Multikine progress - CEL-SCI Corporation (CVM) issued a letter to its shareholders. That letter said in part: "I wanted to write to update you on our progress. Our story is following the well-worn path of all successful biotech companies-we had always hoped our investigational drug Multikine would help patients, but now we know that it does. Our 10-year Phase 3 trial showed that Multikine immunotherapy significantly extended the lives of patients with locally advanced primary squamous cell carcinoma of the head and neck - oral cavity/soft palate. This form of cancer is particularly difficult to treat, and there has been no improvement in first-line therapies for those who would get surgery as a first treatment in more than 50 years, despite major efforts, including by large Pharma. Current drug therapies for SCCHN from Merck and Bristol Myers Squibb are approved as a last resort for recurrent tumors after treatments have failed or for patients who are not candidates for surgery. By contrast, Multikine is given to newly-diagnosed patients following initial diagnosis - it's the first of its kind with substantial survival benefit in a randomized Phase 3 trial in locally advanced primary SCCHN. The Multikine treated study population showed the following advantages over control: A median overall survival improvement of 46.5 months-nearly four years. 62.7% of Multikine patients were alive after five years vs. 48.6% in the control."
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RMD | Hot Stocks09:06 EST ResMed completes acquisition of MEDIFOX DAN for EUR 958.6M - ResMed announced it has completed its EUR 958.6M acquisition of MEDIFOX DAN, a German leader in software solutions for a wide variety of out-of-hospital care providers. "We're excited to have closed this important expansion of our SaaS business, and to officially welcome MEDIFOX DAN to our ResMed SaaS team and global ResMed family," said ResMed CEO Mick Farrell. "MEDIFOX DAN is a German leader in software innovation, united with the rest of ResMed in its mission to improve tens of millions of people's lives through technology. Today, its strong offerings and dedicated staff expand ResMed's out-of-hospital SaaS business into new health sectors, and to build on our strong ResMed healthcare business in Germany, the world's second largest healthcare market in per capita spending." ResMed intends to retain MEDIFOX DAN's employees, locations, and business processes. MEDIFOX DAN will report into ResMed SaaS President Bobby Ghoshal.
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QLGN | Hot Stocks09:06 EST Qualigen Therapeutics announces 1-for-10 reverse stock split - Qualigen announces that its board of directors has approved a 1-for-10 reverse stock split of the Company's common stock. The reverse stock split will become effective at 12:01 am ET on November 23, 2022 and begin trading on a split-adjusted basis at the market open on November 23, 2022 with the new CUSIP number 74754R 202. The Company is implementing the reverse stock split to enable it to regain compliance with the Nasdaq $1.00 minimum bid price requirement. The reverse stock split was approved by the Company's stockholders at the Company's reconvened 2022 Annual Meeting, held on October 28, 2022, at a ratio of not less than 1-for-5 and not greater than 1-for-10, with the exact ratio, if approved and effected at all, to be set within that range at the discretion of the Board. As a result of the reverse stock split, every 10 shares of the Company's common stock issued and outstanding will be automatically reclassified into one share of common stock. No fractional shares will be issued in connection with the reverse split. Stockholders will be entitled to a cash payment in lieu of any fractional shares. All outstanding stock options, warrants, and equity incentive plans will be proportionately adjusted. The exercise prices of outstanding stock options and warrants, and shares reserved under the Company's equity incentive plans will be adjusted in accordance with their respective terms. The reverse stock split will affect all stockholders uniformly and will not affect any stockholder's ownership percentage of Company shares, with the exception of those stockholders receiving cash in lieu of fractional shares.
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WT | Hot Stocks09:04 EST WisdomTree Securities receives FINRA membership approval - WisdomTree announced that its wholly-owned subsidiary, WisdomTree Securities received membership approval as a broker-dealer from Financial Industry Regulatory Authority, FINRA, enabling WisdomTree Securities to facilitate transactions in blockchain-enabled funds offered in the WisdomTree Prime mobile application. "FINRA membership approval is a key regulatory milestone, for us, leading up to the launch of WisdomTree Prime, enabling us to act as an intermediary for customers to transact in new blockchain-enabled funds," said Jarrett Lilien, President and COO of WisdomTree. "As a regulation-forward company in blockchain-enabled finance focused on trust and security, this announcement is just another brick in the foundation we're building to unlock access to the exciting opportunity within structured and transparent products of the future. As always, our priority is to provide investors with the best product structure - which is ETFs today, and we believe blockchain-enabled funds are the best product structure of tomorrow."
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IINN | Hot Stocks09:03 EST Inspira Technologies signs exclusive distribution agreement with Innovimed - InspiraTechnologies OXY announced that it has signed an exclusive distribution agreement for the HYLA Blood Sensor with Innovimed, a company specializing in the commercialization of medical products in Europe, Middle East and Africa. The Company recently announced that it is preparing for a clinical study of the HYLA Blood Sensor to be performed alongside patients undergoing cardio-pulmonary bypass surgery, integrating clinical research into the product development cycle. The HYLA Blood Sensor is designed as a non-invasive blood sensor, intended to provide continuous blood parameter measurements in real-time, potentially alerting physicians of sudden changes in a patient's condition, which may reduce risks, complications, and costs. The summary distribution agreement will be followed by a more comprehensive definitive agreement. The agreement has an initial term of 5 years, subject to the completion of product development and the receipt of regulatory approvals. The parties will collaborate on the marketing and deployment of the HYLA Blood Sensor. In order to maintain exclusivity in the territory, Innovimed has committed to purchase a minimum order of 1,364 HYLA Blood Sensors and 128,511 disposable units for deployment in hospital units and operating theaters in Poland, Czech Republic and Slovakia.
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GRIL NEWT | Hot Stocks09:03 EST Pokemoyo partners with Newtek Business Services - Pokemoto, Muscle Maker, Inc.'s (GRIL) expanding Hawaiian poke bowl restaurant concept, announced its partnership with Newtek Business Services Corp. (NEWT), a qualified lending source to assist current and prospective franchisees with securing funding to open Pokemoto eateries across the United States. "Ensuring that Pokemoto has lending solutions for prospective and current franchisees is extremely important in our model's core. Franchisees should be properly funded so that they can focus on opening and expanding their Pokemoto portfolios and Newtek provides a wide range of potential business solutions and services to help meet their needs said Michael Roper, Chief Executive Officer of Pokemoto. He continued, "Investing in any business is a big leap and we believe that partnering with Newtek will help our franchisees feel supported not only financially but in other areas of their businesses as well. We're confident in our partnership and believe we're providing a well-rounded package of resources which can be found on the Newtek portal on the franchising page of the Pokemoto website. Newtek has dedicated specialists ready to assist while providing round the clock support. We've ramped up our franchise marketing efforts and expanded our team in preparation to present more opportunities to prospective franchisees across the country. We believe this new lending partner will be beneficial to those looking for financing options to begin and expand their Pokemoto portfolios."
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IFF | Hot Stocks09:01 EST IFF and Salus Optima announce partnership - IFF announced its plans for accelerated entry into the personalized nutrition sector through a strategic partnership with Salus Optima, a British-based, digitally-enabled personalized nutrition, health and wellness company. The initial focus for the partnership will be metabolic health, including obesity, pre-diabetes, high cholesterol and pre-hypertension, which impacts over 25% of the adult population globally. Together, the companies are developing a capability to help consumers understand their unique metabolic response to food, supplements, activity and sleep, accessible via mobile phones and wearables.
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WAVS | Hot Stocks09:00 EST Western Acquisition Ventures Corp trading resumes
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CYTO | Hot Stocks08:52 EST Altamira Therapeutics announces presentation of in vivo data on SemaPhore tech - Altamira Therapeutics announced the presentation of animal data generated by an atherosclerosis research group at the University of Michigan School of Medicine showing effective delivery of mRNA, and protective effects in arteries, with its SemaPhore delivery technology. The data was presented at the prestigious American Heart Association Annual Scientific Sessions Chicago 2022, earlier this month. The research group tested the delivery of Superoxide Dismutase 2 mRNA with Altamira's peptide-based SemaPhore nanoparticles to boost SOD2 expression in advanced atherosclerotic plaque cells in a mouse model. SOD2 is one of the major antioxidant defense systems against free radicals but is known to be reduced in inflammatory conditions such as atherosclerosis. The group hypothesized that increasing SOD2 expression would protect mitochondria from oxidative damage and preserve plaque stability. Atherosclerosis is a chronic inflammatory disease of the arteries, involving the formation of plaque on the walls, and is the underlying cause of about 50% of all deaths in westernized society. Erosion or rupture of advanced atherosclerotic plaque is the leading cause of atherosclerosis complications such as heart attack and stroke. Treatment of mice by systemic administration of SOD2 mRNA nanoparticles resulted in markedly increased levels of SOD2 mRNA and mitochondrial SOD2 in plaque macrophages, and higher local SOD activity, which resulted in lower levels of mitochondrial and cellular reactive oxygen species and improved mitochondrial function. After only four weeks of intermittent i.v. mRNA therapy, mice treated with SOD2 mRNA exhibited 25% fewer inflammatory macrophages and 98% more smooth muscle cells in plaques and plaque caps, which was associated with decreased plaque vulnerability compared to control. The research group concluded: "Using nanoparticle-based mRNA therapeutics to modulate plaque morphology has great potential in the prevention and treatment of atherosclerosis complications."
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CNDT BK | Hot Stocks08:50 EST Conduent, BNY Mellon collaborate to launch Digital Integrated Payments Hub - Conduent Incorporated (CNDT) announced the launch of its new Digital Integrated Payments Hub enabling businesses and public sector agencies to access secure, faster, and cost-effective options to send, request or receive payments. By integrating the payment capabilities of BNY Mellon's (BK) trusted infrastructure, Conduent's new Digital Integrated Payments Hub speeds up refunds, rebates, and overpayment remediations from as many as 10 days to a matter of minutes, while providing the ability to conveniently and transparently track transactions.
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JACK | Hot Stocks08:43 EST Jack in the Box sees FY23 SSS up low single digits - Sees FY23 Del Taco SSS up low single digits. Sees FY23 gross openings 8-12. Expects positive net unit growth in FY23.
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BLGO WMT | Hot Stocks08:41 EST BioLargo partner Ikigai begins sales of Pooph at Walmart - BioLargo, Inc. (BLGO) announced that the Pooph pet odor control product line is now available at select Walmart (WMT) stores. Pooph, which is based on BioLargo's proprietary odor control technology, is marketed by Ikigai Marketing Works, LLC through a national advertising campaign. Walmart is the first retailer for a planned national retail distribution, and begins with Pooph in over 600 stores across the United States.
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WAVS | Hot Stocks08:40 EST Cycurion to become public via merger with Western Acquisition Ventures - Cycurion and Western Acquisition Ventures Corp. announced they have entered into a definitive business combination agreement. Headquartered in McLean, Virginia, Cycurion is addressing the growing risk of cyber-piracy with its unique solutions that protect sensitive data and prevent privacy breaches for clients, partners and organizations. With a deeply skilled staff of 80 technology veterans, many of whom have high-level security clearances, Cycurion has developed a multi-layered SaaS solution to protect digital assets while minimizing false positives and reducing threats to data breaches. Cycurion has served customers across federal, state and local government agencies as well as commercial partners. Key clients and partners have included the United States Department of Defense, the Defense Intelligence Agency, the Department of Homeland Security, the United States Navy, KPMG, Verizon, AT&T, General Dynamics and Northrop Grumman. Following completion of the business combination, Cycurion will continue to be led by its experienced leadership team, including Founder & CEO Emmit McHenry and the existing management, Alvin McCoy, CFO, Kurt McHenry, COO and Ami Ahnine, CTO. The business combination values Cycurion at an implied enterprise value of approximately $170.44 million. Upon the transaction's closing, and assuming no redemptions by Western's stockholders, Cycurion will have approximately $115.91 million in cash, resulting in a total pro forma equity value of approximately $271.63 million. Cash proceeds raised in the transaction will be used to fund operations, support growth, strategic acquisitions and for general corporate purposes. The proceeds will be funded through a combination of Western's approximately $116.77 million cash in trust, assuming no redemptions by its stockholders, and up to $5.00 million in the form of a PIPE investment from institutional investors. Upon the transaction's closing, the combined company will be named Cycurion, Inc. and will be listed on NASDAQ. The boards of directors of both Western and Cycurion have unanimously approved the proposed transaction. The closing is subject to the approval of Cycurion's stockholders and Western's stockholders and other customary closing conditions, including Western's registration statement being declared effective by the Securities and Exchange Commission and NASDAQ's approval of the continued listing of the combined company's shares. It is currently anticipated that the transaction will close, assuming satisfaction of such closing conditions, by the end of the first quarter of 2023.
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PALI | Hot Stocks08:36 EST Palisade Bio granted Fast Track designation from FDA for LB1148 - Palisade Bio announced that the U.S. Food and Drug Administration, FDA, has granted Fast Track designation to LB1148 for the acceleration of time to return of bowel function following surgery. LB1148, is a broad-spectrum serine protease inhibitor which acts to neutralize digestive enzymes, with the potential to both reduce abdominal adhesions and accelerate the return of bowel function following gastrointestinal surgery. "Receiving Fast Track designation represents an important regulatory milestone for the Company. Although our current focus is on our adhesions study, this designation provides what we believe is a key component to our future clinical and regulatory strategies as we continue to formulate next steps for studying the return of bowel function," commented JD Finley, interim CEO of Palisade Bio.
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BLIN BIGC | Hot Stocks08:35 EST Bridgeline Digital expands partnership with BigCommerce - Bridgeline Digital (BLIN) announced that its AI-powered site search, HawkSearch, is now available for Multi-Storefront users on the BigCommerce (BIGC) platform. BigCommerce has expanded the availability of Bridgeline's HawkSearch connector to their Multi-Storefront users, including leading brands such as Ted Baker, Vanity Group, and Airofit B2B. BigCommerce sites powered by HawkSearch can index product catalog data, build personalized recommendations, and offer data quality enhancement across their multiple online storefronts. BigCommerce's Multi-Storefront feature allows users to manage multiple eCommerce sites simultaneously. BigCommerce users can select their specific storefront and configure their HawkSearch settings. Bridgeline and BigCommerce have built a mutual partnership, with Bridgeline's site search solution, HawkSearch, working to provide value to the BigCommerce platform. HawkSearch services multiple BigCommerce users, including Berlin Packaging, Face-to-Face Games, and United Aqua Group
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MDT | Hot Stocks08:35 EST Medtronic sees Q3 currency headwind of $460M-$510M
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TEVA | Hot Stocks08:35 EST Teva finalizes nationwide opioid settlement terms - Teva Pharmaceuticals announced that the company has finalized the documentation of its proposed nationwide opioid settlement with both the working group of States' Attorneys General and the Multi-District Litigation Plaintiffs' Executive Committee. Allergan has also finalized its settlement terms. As announced during the Company's third quarter earnings call, Teva and Allergan have resolved their dispute with respect to Teva's indemnification obligations. The sign-on process for states will now begin, followed by a similar sign-on process for the states' subdivisions and special districts. Given the high participation rate in other nationwide opioids settlements -- and Teva's settlements with Texas, Florida, Louisiana, Rhode Island, West Virginia, San Francisco and New York -- we remain optimistic that a high participation rate in this nationwide settlement will be achieved, enabling us to put these cases behind us and continue to focus on the patients we serve every day.
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MDT | Hot Stocks08:35 EST Medtronic sees exiting year with mid single digit top line growth
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QUBT | Hot Stocks08:33 EST Quantum Computing announces release of free software - Quantum Computing announced that the company has released free software that will enable D-Wave customers to rapidly translate their quadratic unconstrained binary optimization, QUBO, problems into Hamiltonian equations that can then be solved by QCI's industry-leading Dirac 1 Entropy Quantum Computing system. Using Dirac 1, QCI is offering users of quantum annealers the ability to quickly solve real-world business problems of up to 10,000 variables. "We recognize, based on market feedback, that users of quantum technologies are frustrated by their inability to solve problems with business-relevant scale," said Dr. William McGann, QCI COO and CTO. "We believe our solution is a game changer for users of quantum annealers, who were previously limited to problems of small sizes. Now instead of getting maxed out, they can translate their existing QUBOs into Hamiltonian processes in a matter of minutes, expand the problems as needed, and solve them with Dirac 1." He added, "We believe that the methodology and core technology underlying QCI's Entropy Quantum Computer offers a significant advantage over other quantum-inspired technologies in the ability to provide optimized solutions to dense, complex problems, on a scale that is relevant to real-world businesses today."
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TBLT | Hot Stocks08:32 EST ToughBuilt enters distribution agreement with Lamed - ToughBuilt Industries announced that it has entered into a distribution agreement with Lamed. Lamed begins this agreement with 76 ToughBuilt SKUs and will stock the entire ToughBuilt product range. Michael Panosian, ToughBuilt CEO, commented, "We believe ToughBuilt is continuing to grow as a global brand with new distributors in many countries across the globe due to the quality of our innovative jobsite tools, gear, and storage solutions." He continued, "We are delighted to be supplying to Lamed and its loyal base of professional and DIY customers in Kazakhstan. We look forward to a long and mutually beneficial relationship with Lamed."
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UP | Hot Stocks08:31 EST Wheels Up and AirMed announce partnership - Wheels Up Experience and AirMed, announced a partnership to bring an array of medical-travel services to Wheels Up members and their families. Wheels Up will become AirMed's exclusive aviation partner and will introduce an all-new membership tier with an enhanced product from AirMed that will cover members - and up to 11 additional designated travelers - in the event they require medical consultation or air medical transport while traveling. The program will provide 24-hour access to AirMed's state-of-the-art, customized fleet and experienced and qualified air medical crews in the event medical transport is required any time the member travels more than 150 miles from home.
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MDT | Hot Stocks08:31 EST Medtronic not giving FY24 guidance yet, says CFO
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FAMI | Hot Stocks08:30 EST Farmmi announces new bulk order for dried Shiitake mushrooms from Canada - Farmmi announced another bulk order for the Company's high-quality dried Shiitake mushrooms. The latest order is from one of the Company's long-term customers and will be exported to Canada. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "Canada has been a focal point of our growth over the past few years and reflects the uptick in demand from which we are benefitting from in the broader North American market. We have worked to manage our logistics and supply chain costs to help keep our product costs more manageable. Our customers have responded positively as we continue to support their demands. We expect that over the long-term, costs will normalize which we plan to pass onto our customers to the best extent possible as we continue to focus on driving revenue growth."
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CUEN | Hot Stocks08:27 EST Cuentas launches Free Wireless/Fintech Combo Offer - Cuenta announced it is launching its Free Wireless/Fintech Combo Offer to the first 100,000 subscribers starting Black Friday with the Major Arena Soccer League whose season starts the same day. Cuentas is the official fintech sponsor of the MASL and will have its brand present on MASL broadcasts in both English and Spanish languages.Cuentas' Free Wireless/Fintech Combo Offer will include Unlimited Talk & Text Mobile Phone services on one of the top 3 nationwide networks in the US with 200 MB of high-speed data included. The service will be free every month for each subscriber who opens a Cuentas Account with GPR card and maintains a minimum balance of $4.50.
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WAVS | Hot Stocks08:25 EST Western Acquisition Ventures Corp trading halted, news pending
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TNP | Hot Stocks08:24 EST TEN, Ltd. raises semi-annual dividend 50% to 15c per share - TEN's Board of Directors has approved a dividend of $0.15 per common share to be paid on December 20, 2022 to holders of record as of December 14, 2022. This distribution reflects the second payment for 2022 which is in line with TEN's semi-annual dividend policy and represents a 50% increase from the prior dividend of $0.10 per common share paid in July 2022. Inclusive of this upcoming distribution, TEN will have paid common shareholders half a billion dollars in dividends since its 2002 NYSE listing.
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CNXN | Hot Stocks08:23 EST Connection announces aggregate amount $8.9M in special dividend, buyback boost - PC Connection announced that its Board of Directors declared a special cash dividend of 34c per share payable on December 23 to shareholders of record at the close of business on December 5. The aggregate amount of the special dividend payment will be approximately $8.9M based on the current number of shares outstanding. "Our strong balance sheet and operating performance allows us to pay this dividend, which is in line with our historic pre-pandemic practice while maintaining the ability to continue to grow the business," said Timothy McGrath, President and Chief Executive Officer. Connection also announced that its Board of Directors is evaluating a long-term capital allocation plan designed to balance the return of capital to shareholders over time, while continuing to invest in accretive organic growth. As part of this strategy the Board of Directors approved a $25M increase to Connection's existing share repurchase authorization, bringing the aggregate size of the program to $80M of which $37.7M remains available. The Board of Directors has also indicated its intent to consider future payment of regular quarterly dividends in lieu of annual special dividends. The details of any future cash dividend declaration, including the amount of such dividend and the timing and establishment of the record and payment dates, will be determined by the Board of Directors. The decision of whether to pay future cash dividends and the amount of any such dividends will be based on the Company's financial position, results of operations, cash flows, capital requirements, business conditions, the requirements of applicable law, and any other factors the Board of Directors may deem relevant.
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SCPH | Hot Stocks08:21 EST scPharmaceuticals announces pricing of $50M public offering - scPharmaceuticals announced the pricing of an underwritten public offering of 6,620,000 shares of its common stock at a public offering price of $5.25 per share and, to an investor in lieu of common stock, a prefunded warrant to purchase up to 2,905,000 shares of common stock at a purchase price of $5.249 per underlying share, for gross proceeds of approximately $50.0 million, before deducting underwriting discounts and commissions and other offering expenses and excluding the exercise of the pre-funded warrant. The prefunded warrant has an exercise price of $0.001 per share. All of the shares and the prefunded warrant are being offered by scPharmaceuticals. The offering is expected to close on November 25, 2022, subject to the satisfaction of customary closing conditions. SVB Securities and Cowen are acting as joint book-running managers for the offering. H.C. Wainwright & Co. and Maxim Group LLC are acting as co-managers for the offering.
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MDT | Hot Stocks08:21 EST Medtronic sees Q3 organic revenue growth 2.5%-3% - Sees Q3 revenue growth rate "better" than Q2, Q4 "better" than Q3. Sees no incremental improvement in procedure volume in 2H.
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SGSVF | Hot Stocks08:19 EST Prosper Gold exercises option to buy 100% interest in Golden Sidewalk, Skinner - Prosper Gold has exercised its previously announced option under the Option Agreement dated August 9, 2020 between the Company and Sabina Gold & Silver Corp. to acquire a 100% interest in the Golden Sidewalk property and the Skinner property consisting of approximately 3,000 hectares of mineral claims, leases and patents in the Red Lake mining district of Ontario. In order to acquire the 100% Interest in the Properties, the Company has issued an aggregate of 1,500,000 common shares from its treasury to Sabina; paid an aggregate of $50,000 in cash to Sabina; and incurred expenditures on the Properties of not less than $2,600,000. Concurrent with the Company's previously announced acquisition of a 70% interest in the Properties on February 7, 2022, the Company and Sabina entered into Royalty Agreements pursuant to which Prosper Gold will pay to Sabina a 2.0% net smelter returns royalty on the proceeds from the production and sale of all ores, minerals, metals and materials mined or removed from the Golden Sidewalk Property and a 1.0% NSR on the proceeds from the production and sale of Products mined or removed from certain "Additional Property".
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MDT | Hot Stocks08:19 EST Medtronic CFO: Cost inflation to impact 2H more than 1H
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MDT | Hot Stocks08:18 EST Medtronic CFO says company 'committed' to dividend
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LTRN | Hot Stocks08:18 EST Lantern announces positive data highlighting anti-tumor potency of LP-184 in GBM - Lantern Pharma announced that it presented positive preclinical data on the efficacy of its drug candidate LP-184 for glioblastoma used alone or in combination with the Food and Drug Administration approved agent spironolactone, at the Society for Neuro-Oncology annual meeting. LP-184 is a small molecule drug candidate with a synthetically lethal mechanism of action that preferentially damages DNA in cancer cells that harbor mutations in DNA damage repair genes and that overexpress the enzyme PTGR1. Lantern is developing LP-184 for several central nervous system cancers including GBM, which is diagnosed in around 13,000 patients in the US annually and has an estimated market potential of $1.5-2.0B. "In our SNO poster, we demonstrated the exquisite in vitro/in vivo efficacy of LP-184 towards GBM as a single agent or in combination with spironolactone. LP-184 has the potential to become a key therapeutic for the armamentarium for GBM, where the current SOC agent Temozolomide can be ineffective in 50-70% of patients," stated Kishor Bhatia, Ph.D., Lantern's Chief Scientific Officer. "Our continued work with Johns Hopkins paves a path forward for progressing LP-184 to the clinic for GBM where there is an urgent and unmet need for novel therapeutics," continued Dr. Bhatia.
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SOPA | Hot Stocks08:15 EST Society Pass, NusaTrip collaborates with Periksa.id - NusaTrip, the Indonesia-based Online travel agent and travel platform of Society Pass Incorporated, announces an official partnership with Periksa.id to enable and introduce flight search engine services in over 200 hospitals and clinics across 13 provinces in Indonesia. Periksa's network covers over 200,000 doctors, medical workers, and over 1.5 million daily patients. The partnership strengthens NusaTrip's commitment to developing more vibrant travel services for all consumers, business partners, and stakeholders in Indonesia and throughout SEA. "We believe that our technology and services can serve a broader range of travel demands and purposes than just leisure. Our collaborations pave the way and build a roadmap in contributing to Indonesia's wellness, health, and medical tourism industry," says Johanes Chang, NusaTrip's CEO. Joe further highlights NusaTrip's mission to become a world-class OTA and the most reliable partner that offers a wide range of travel and tourism-related products, services, and experiences to our customers and business partners globally. NusaTrip aims to improve the efficiency of the emergency travel or medical evacuation for patients in need and to support the home care or onsite health care services offered by many doctors, hospitals, and clinics. As NusaTrip's partner of choice, the Indonesian health technology company, Periksa.id has been providing an extensive solution to digitize and improve the quality of healthcare facility services in Indonesia.
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CURLF | Hot Stocks08:14 EST Curaleaf opens two new Florida dispensaries - Curaleaf Holdings announced the opening of two new Florida dispensaries, Orlando International Drive and Miami South Beach. The new locations are Curaleaf's 53rd and 54th locations to open in the Sunshine State and 144th nationwide.
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BCBNF | Hot Stocks08:13 EST Base Carbon selected by Danish Red Cross as partner on blue carbon projects - Base Carbon, through its subsidiary Base Carbon Capital Partners Corp, has entered into a letter of intent with the Danish Red Cross to scope and assess - and potentially develop - one or more mangrove-related carbon reduction projects in Southeast Asia which are anticipated to follow VERRA "Tidal Wetland and Seagrass", methodology. The parties have committed to work together until at least October 2024 with respect to such potential projects in the region. Potential projects related to the prospective partnership will be jointly funded by the Danish Red Cross including other Red Cross affiliated entities. The parties anticipate that any project will be insured by Dunant Re IC Limited, an insurance company established by the Danish Red Cross and Replexus. The Company anticipates providing regular updates as the parties work together."This partnership is consistent with Base Carbon's mandate to work with leading organizations on carbon projects with strong economics and social benefit additionalities. The Red Cross Movement, with its scale and breadth is ideally suited to execute carbon reduction and removal projects. Base will invest and contribute technology to materialize these projects," stated Philip Hardwick, COO of Base Carbon.
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BEEM | Hot Stocks08:12 EST Beam Global deploys first EV ARC systems in Puerto Rico - Beam Global announced that Puerto Rico has begun deployment of EV ARC off-grid EV charging systems to charge government fleet vehicles and aid in disaster preparedness and energy resiliency. The U.S. Department of Homeland Security is funding the EV ARC systems to provide 100% solar-powered off-grid EV charging and emergency power in the face of increasing natural disasters and grid outages. "Governments and companies are becoming increasingly reliant on electricity for fuel as the adoption of EVs is rapidly accelerating. Our products get them the charging infrastructure they need rapidly and scalably, and importantly we provide a source of fuel for their EVs which continues to operate during blackouts," said Desmond Wheatley, CEO at Beam Global. "The increasing frequency and intensity of natural disasters calls for heightened disaster preparedness. Beam products are designed and engineered to perform in extreme conditions. There is an increasing recognition that 25% of EV charging infrastructure should be off-grid so that it continues to operate during centralized grid failure. These Puerto Rico deployments are an excellent example of the steps the U.S. government is making to provide the beginings of a strategic electric reserve to match our Strategic Patroleum Reserve."
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SLB | Hot Stocks08:11 EST SLB announces award to its OneSubsea business - SLB announced an award to its OneSubsea business and Subsea Integration Alliance of a large contract by bp for its Cypre gas project offshore Trinidad and Tobago. The contract scope covers the engineering, procurement, construction, and installation of the subsea production systems and subsea pipelines. The award represents Subsea Integration Alliance's first fully integrated EPCI single contract with bp and the alliance's first development in the Caribbean nation. The Subsea Integration Alliance team delivered the initial front-end engineering and design phase for the project and will now transition into the full EPCI phase. Offshore installation is scheduled to commence in 2024. OneSubsea, the subsea technologies, production, and processing systems business of SLB, will deliver the subsea production systems, which will include seven horizontal subsea tree systems, subsea controls and connection systems, distribution and control systems and aftermarket services. Subsea7, also part of Subsea Integration Alliance, will deliver the subsea pipelines for the project.
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CAT | Hot Stocks08:11 EST Caterpillar successfully demonstrates first battery electric large mining truck - Caterpillar announced a successful demonstration of its first battery electric 793 large mining truck and a significant investment to transform its Arizona-based proving ground into a sustainable testing and validation hub of the future. Caterpillar completed development of its first battery electric 793 prototype with support from key mining customers participating in Caterpillar's Early Learner program. Participants of the program with definitive electrification agreements include BHP, Freeport-McMoRan, Newmont Corporation, Rio Tinto and Teck Resources Limited. The prototype truck was built at Caterpillar's Tucson Proving Ground, located in Green Valley, Arizona. In support of the energy transition, Caterpillar is investing to transform the proving ground into a working, sustainable "mine site of the future" by installing and utilizing a variety of renewable energy sources. The objective is to implement the same sustainable solutions mining companies will use at their own operations to learn firsthand what it takes to run an electrified mine site and effectively support customers through the changes.
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LXXGF | Hot Stocks08:11 EST Lexagene Holdings completes statement of work for biopharma company - LexaGene announces the completion of a validation study with a major biopharma company that recently purchased a MiQLab System for the possible use of the technology in its manufacturing processes. Dr. Jack Regan, LexaGene's CEO and Founder commented, "We are very pleased with how quickly this study was completed and the quality of the data generated. This validation study showed the MiQLab System to be sensitive, reliable, reproducible, tolerant to materials commonly used or produced in the manufacturing process, and it provides quantitative information on targeted contaminants. Furthermore, the data proved the MiQLab System is comparable to gold standard techniques performed by skilled scientists. These benefits and the automated nature of the MiQLab System make in-line screening for manufacturing contaminants possible. Such in-line screening would allow for more rapid detection of contaminants, which mitigates the risk of significant losses and improves the productivity of the plant and the safety of their products." Dr. Regan continued, "Now that the study is complete, I look forward to discussing with our biopharma customer the next steps that are needed to get our technology broadly adopted for their manufacturing testing needs." The validation study was conducted using MiQLab Systems equipped with MiQLab Microbial QC Panels that screen processed samples for Cutibacterium acnes, Escherichia coli, Staphylococcus, Streptococcus and Mycoplasma.
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TOI | Hot Stocks08:10 EST The Oncology Institute expands into Miami-Dade County, Florida - The Oncology Institute announced its entrance into Miami-Dade County, Florida with the acquisition of Hematology/Oncology Associates of Miami and the addition of a Senior Medical Director for Florida, further strengthening their investment in South Florida. Dr. Roberto Ochoa, former National Director, Hematology/Oncology and Palliative Care at ChenMed, will serve as the newly appointed Senior Medical Director for the state of Florida. "Dr. Ochoa's leadership will play a critical role in bringing TOI's high-quality, value-based model of care to more communities throughout the state of Florida," shared TOI's Chief Executive Officer, Brad Hively. "We are happy to welcome him and Dr. De La Rosa Costa as we enter the Miami-Dade market. This is just the beginning of our investment in the region and we look forward to adding new locations and physicians in the coming year."
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VBIV | Hot Stocks08:09 EST VBI Vaccines presents data from VBI-1901 in recurrent GBM - VBI Vaccines announced that additional biomarker data from the Phase 1/2a study of VBI-1901, the Company's cancer vaccine immunotherapeutic candidate in recurrent glioblastoma were presented at the 27th Annual Meeting and Education Day of the Society for Neuro-Oncology on Friday, November 18. In the study arms that assessed high-dose VBI-1901 adjuvanted with granulocyte-macrophage colony-stimulating factor: Two partial tumor responses were observed in patients - one patient with a PR remained on treatment protocol for more than 28 months, reaching survival of at least 32 months as of November 1; An additional five patients demonstrated stable disease for a sustained period of time. All tumor responders reached a minimum survival of 12 months Median overall surviva was 12.9 months, comparing favorably to 8-month mOS for monotherapy standard-of-care1 New data from extensive biomarker panels continue to suggest that normal baseline CD4+/CD8+ T cell ratios, along with boosting of cytomegalovirus gB specific antibody responses, were correlated with tumor and clinical responses. Six out of seven tumor responders had normal baseline CD4+/CD8+ ratios, and all seven tumor responders saw boosting of gB antibodies after treatment with VBI-1901. Higher peak frequencies of CMV antigen-specific CD4+ T cells were observed in patients with tumor responses compared to non-responders, suggesting significant function of CD4+ T cells in controlling tumor growth. "We look forward to initiating randomized, controlled evaluation of VBI-1901 in the recurrent setting in early 2023." This dataset continues to build upon data first shared at ASCO 2021, which resulted in Fast Track Designation granted by the U.S. Food and Drug Administration in June 2021. The data have subsequently been updated at the World Vaccine & Immunotherapy Congress in December 2021 and at ASCO 2022.
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POST BRBR | Hot Stocks08:08 EST Post Holdings to exit ownership of BellRing Brands - Post Holdings (POST) announced an underwritten offering of all of its 4,597,339 shares of common stock of BellRing Brands (BRBR). The offering shares, currently owned by Post, were sold by J.P. Morgan Securities LLC in connection with the entry by the Company into an Exchange Agreement, dated November 21, 2022, with the funding incremental term loan lender. Under the Exchange Agreement, the Company will transfer all of its shares of common stock of BellRing to the funding incremental term loan lender to repay and retire a portion of the principal amount of the Company's $130M incremental term loan, excluding any accrued interest and the remaining principal amount of the incremental term loan, all of which will be paid with cash from the Company's balance sheet. Immediately after giving effect to the Debt-for-Equity Exchange, Post will no longer own any shares of BellRing's common stock. The offering is being made pursuant to a registration statement filed by BellRing with the U.S. Securities and Exchange Commission. BellRing is not selling any shares of common stock of BellRing and will not receive any proceeds from the sale of the offering shares in the offering. The offering is expected to close on November 25, 2022, subject to customary closing conditions.
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HTLZF | Hot Stocks08:07 EST Hamilton Thorne says Q4 bookings 'continued to be strong' - CEO David Wolf added, "Looking forward into the balance of 2022, we continue to feel that we are in a strong position. We expect solid sales performance, based on the positive industry trends in our field and as demand and growth have returned to pre-pandemic levels in nearly every market that we serve. Q4 bookings continued to be strong and barring new supply chain issues, we expect to continue to achieve well above market organic growth. We feel that we are well positioned to continue to execute on our strategy of driving long-term growth and EBITDA expansion by investing in our organic growth, while building scale, enhancing our product offerings, and expanding our geographic and direct sales footprint through acquisitions. We have an extensive pipeline and are actively working on multiple acquisition opportunities. With $15.7 million in cash, $11.6 million in unused lines of credit, and further debt capacity, we are well positioned to continue to execute on our acquisition program."
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MDT | Hot Stocks08:07 EST Medtronic CEO: Many acute issues 'behind us'
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GENI | Hot Stocks08:07 EST NFL, Genius Sports announce new licensing agreements with three sportsbooks - The National Football League and Genius Sports announced new licensing agreements with three sportsbooks to distribute live video streams of NFL matches to their customers in Canada. Bet365, Bet99 and Rivalry have all been granted the rights to provide their customers in Canada with low latency video streams of all regular and post-season matches on the NFL through Genius Sports' fully integrated Watch & Bet solution. Genius Sports will utilize its machine learning and live streaming technologies to power video experiences for millions of sportsbook customers in Canada, including engaging new ways to track bets and follow the live action. The NFL appointed Genius Sports in April 2021 as its exclusive distributor of real-time official play-by-play statistics, proprietary Next Gen Stats data, and the League's official sports betting data feed to media companies and sportsbooks in regulated international markets. This partnership included the rights for Genius Sports to distribute low latency video feeds to sportsbooks in key international markets, which now includes Canada. Each of the three licensees will combine low latency video feeds with the league's official data and access to exclusive data-driven advertising inventory, to provide their Canadian customers with the highest quality NFL betting experiences.
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MDT | Hot Stocks08:06 EST Medtronic on path to creating durable growth, shareholder value, says CEO
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TCBP | Hot Stocks08:06 EST TC Biopharm doses first three patients in Phase 2b clinical trial of OmnImmune - TC Biopharm announced the dosing of its first three patients within its Phase 2b clinical trial of OmnImmune, an allogeneic unmodified cell therapy focused on treating Acute Myeloid Leukemia, or AML. The initial 5 patients in the trial are deemed a "safety cohort", spaced two weeks apart with safety review by an oversight board to confirm no drug related toxicity issues, subsequent to 5 patients being dosed the study will advance to open enrollment. This safety cohort is in line with TCBP's step-wise clinical trial advancement, moving from donor matching in the Phase 1b to a universal donor model with no HLA matching of donor to patient. TC BioPharm's Phase 2B trial, dubbed ACHIEVE, will enroll adults diagnosed with AML who have either relapsed or are refractory to prior treatments as well as a cohort for patients with myelodysplastic syndromes (MDS), conditions that can occur when the blood-forming cells in the bone marrow become abnormal. The trial is expected to enroll approximately 37 patients.
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MORF | Hot Stocks08:06 EST Morphic announces initiation of EMERALD-2 Phase 2b trial of MORF-057 - Morphic Therapeutic announced that the EMERALD-2 phase 2b study of MORF-057 in ulcerative colitis has commenced with the first patient receiving MORF-057. "MORF-057 offers the possibility of efficacy and tolerability through the proven mechanism of alpha4beta7 inhibition, together with the ease and convenience of oral dosing for patients suffering from IBD," commented Praveen Tipirneni, CEO of Morphic Therapeutic. "We are therefore extremely excited to begin the EMERALD-2 study of MORF-057. In addition, we are now eagerly looking forward to the results of the EMERALD-1 phase 2a study of MORF-057 that we expect in second quarter of 2023."
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MDT | Hot Stocks08:06 EST Medtronic CEO: Operating environment remains challenging - Comments taken from Q2 earnings conference call.
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VIVO | Hot Stocks08:06 EST Meridian Bioscience expects to complete merger with SDB, SJL by end of 2022 - As announced on July 7, the company entered into a definitive merger agreement whereby a newly formed affiliate vehicle of a Consortium, consisting of SD Biosensor and SJL Partners, will acquire Meridian. The closing of the transaction is subject to receipt of required regulatory approvals, the absence of specified material adverse outcomes of the company's previously disclosed and ongoing investigation by the U.S. Department of Justice, and other customary closing conditions. On October 10, Meridian held a special meeting of its shareholders, at which the company's shareholders approved the transaction. As of November 22, Meridian or the appropriate parties to the Merger Agreement have obtained approval or clearances, as applicable, for all relevant antitrust and foreign direct investment filings, including the filing related to the Committee on Foreign Investment in the United States which was obtained on November 21. Meridian has not yet reached a resolution with the DOJ with respect to the DOJ legal matter; Meridian continues to actively work with the DOJ to find a resolution to the DOJ legal matter. As of November 22, Meridian continues to expect to complete the Merger before the end of calendar year 2022. Due to the pending transaction, Meridian is no longer holding conference calls to discuss its quarterly financial results and has issued no financial guidance for fiscal year 2023.
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AEO | Hot Stocks08:05 EST American Eagle sees Q4 brand revenue down mid single digits - The company said, "For the fourth quarter, the company is guiding brand revenue down in the mid single digits, and expects brand comps to be consistent with the third quarter. The company is also guiding fourth quarter gross margin in the range of 32% to 33%, at the higher end of previous guidance. While significant progress has been made in right-sizing inventory, management is taking a cautious view given what is likely to be a highly promotional Holiday season. Management continues to drive expense reductions across store payroll, corporate expense, professional services and advertising. The company remains on track to deliver $100 million in reductions to the original plan and expects SG&A dollars in the fourth quarter to be approximately flat to last year."
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ACHL | Hot Stocks08:05 EST Achilles Therapeutics announces grant of US patent on immunotherapies - Achilles Therapeutics announced that United States patent 11,504,398 has been granted. The patent covers the treatment of patients with an immunotherapy targeting clonal neoantigens identified using the Achilles Clonality Engine, including vaccine, antibody and autologous T cell therapy approaches. ACE is a proprietary method for determining clonality of patient-specific mutations that drives the PELEUS bioinformatics platform. Clonal neoantigens are original mutations formed early in tumor evolution that are expressed on all cancer cells and absent from healthy tissue. "The specific characteristics of clonal neoantigens have led to their emergence as a promising new class of targets for immunotherapies. Historically, identifying these targets has been challenging, given the high genetic complexity of the samples analyzed. With the now-patented ACE method, the PELEUS bioinformatics platform, which is built on the findings of the TRACERx study, rigorously identifies clonal neoantigens from individual patients to serve as targets for precision cancer immunotherapies," said Dr Sergio Quezada, Chief Scientific Officer of Achilles Therapeutics. "This patent confirms that our data-driven method of identifying personalized clonal mutations is the first of its kind and has potential different modalities including vaccines, antibodies and autologous T cell therapies."
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INNV | Hot Stocks08:04 EST InnovAge announces release of CMS sanction in Sacramento center - InnovAge announced that the Centers for Medicare & Medicaid Services, CMS, has determined that effective immediately the sanction is released from InnovAge in Sacramento, California and it will return to normal enrollment status for Medicare-eligible participants. The California Department of Health Care Services continues to conduct its validation audit and has not lifted the state sanction. The DHCS audit outcome determines InnovAge's ability to enroll Medicaid recipients, which is required to enroll seniors with both Medicare and Medicaid. "Today's announcement is a step in the right direction, and we are proud of our team for the work they have done to address the audit findings and strengthen our end-to-end operations," said InnovAge President and Chief Executive Officer Patrick Blair. "We recognize there is still work to do, and we look forward to working with both CMS and our state partners to ensure we are providing the highest quality care and access to all Sacramento-area eligible seniors."
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AEY | Hot Stocks08:03 EST ADDvantage to suspend at-the-market offering - ADDvantage Technologies Group announced that it has advised its investment banker, Northland Securities, Inc., to cease activity on its At-The-Market offering and terminate the Equity Distribution Agreement. The Company's Shelf Registration on Form S-3 will remain in place until it expires in March 2023.
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APPH | Hot Stocks08:03 EST AppHarvest kicks off third season ahead of schedule with shipments of tomatoes - AppHarvest announced it has kicked off the third season of harvesting ahead of schedule with commercial shipments of tomatoes from its 60-acre high-tech indoor farm in Morehead, Ky. As AppHarvest works to quadruple its number of farms in 2022, the company continues construction on a fourth facility, a 60-acre farm in Richmond, Ky., that will grow tomatoes. "With the experience of two seasons of harvests, the Morehead farm is seeing significantly improved quality and yield, which largely can be attributed to task completion rates of crop care specialists meeting and sometimes exceeding 100% of goal," said AppHarvest Founder & CEO Jonathan Webb. "We're developing a tenured workforce and seeing benefits of promoting from within to help drive efficiency and quality from folks who have grown the business with us from the ground up." The AppHarvest team has continued to enhance training with routine quality checks of crop care tasks, which facilitates quick retraining if needed.
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NVEE | Hot Stocks08:02 EST NV5 Global awarded $9M NOAA contract to support shoreline mapping in Maine - NV5 Global announced that it has been awarded a $9M contract by the National Oceanic and Atmospheric Administration's, NOAA, National Geodetic Survey to provide topobathymetric lidar, 4-band imagery, and mapping of the Maine shoreline. Under the two-year contract, NV5 will deliver accurate and consistent measurement of the shoreline to support marine navigation safety, nautical charting, marine debris surveys, and marine resource management assessments. Geospatial data for the project will be obtained through topobathymetric lidar collection and processing and 4-band imagery of 3,115 sq miles of coastal Maine to provide views of both the shoreline and shallow water coastal area. "We are pleased to continue our work with NOAA to support the accurate measurement of the nation's shoreline," said Dickerson Wright, PE, Chairman and CEO of NV5. "Our innovative work with topobathymetric lidar has made shoreline data acquisition possible in some of the most difficult coastal terrains and will support the work of marine industries and multiple government organizations."
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BBY | Hot Stocks07:55 EST Best Buy jumps 8% to $76.17 after Q3 earnings beat and comps outlook update - Shares of Best Buy are up about 8% or $5.34 to $76.17 in pre-market trading after the company beat on Q3 earnings and revenue. Best Buy also updated its FY23 comparable sales outlook to "down approximately 10%" from prior assumption of a "decline in a range around 11%".
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EFLVF | Hot Stocks07:54 EST Electrovaya to develop stationary battery energy storage systems - Electrovaya announced that it plans to start development of high-voltage stationary energy storage battery systems using its existing proprietary Infinity Battery Technology Platform. This technology platform, which is already deployed in a significant volume of material handling electric vehicles, has superior cycle life and safety performance standards compared to typical lithium-ion batteries.
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CELC | Hot Stocks07:54 EST Celcuity to present additional data for gedatolisib at SABCS - Celcuity announced that an abstract accepted for a Spotlight Poster presentation at the 2022 San Antonio Breast Cancer Symposium is now available on the SABCS website. The 2022 San Antonio Breast Cancer Symposium is being held virtually and in-person from December 6-10, 2022. The presentation will include updated efficacy and safety data and sub-group analysis by PIK3CA mutation status in the four expansion arms of a Phase 1b study of gedatolisib plus palbociclib and endocrine therapy in women with hormone receptor positive advanced breast cancer. The primary endpoint was investigator assessed objective response rate. Secondary endpoints included safety, duration of response and progression free survival. Promising ORR and PFS were seen in all arms, regardless of PIK3CA mutation status. Arm D, which treated patients whose disease progressed on a CDK4/6 inhibitor, reported ORR of 63% overall, 73% in PIK3CA-mutation patients, and 60% in PIK3CA-wild type patients; overall PFS was 12.9 months. Arm A, which evaluated patients who were treatment-naive in the advanced disease setting, reported ORR of 85% overall, 81% in PIK3CA-wild type patients, and 100% in PIK3CA-mutations patients; median PFS was not reached after a median follow-up period of 33.1 months. These preliminary findings demonstrate promising activity for gedatolisib plus palbociclib and endocrine therapy in patients who were CDK4/6 inhibitor-naive and in those whose disease progressed on or after treatment with a CDK4/6 inhibitor, regardless of PIK3CAmutation status. Arm D results provide a strong rationale for Celcuity's Phase 3 clinical trial in patients with advanced breast cancer whose disease progressed on or after CDK4/6 therapy. The encouraging results in treatment-naive advanced breast cancer patients warrant further evaluation of gedatolisib in combination with a CDK4/6 inhibitor and endocrine therapy in early line settings, including front-line, neoadjuvant, or adjuvant indications.
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SKE | Hot Stocks07:51 EST Skeena Resources announces discovery of Rhyolite-hosted mineralization - Skeena Resources announced the discovery of new Rhyolite-hosted mineralization located east of the 22 Zone as part of the recently completed 2022 regional and near mine exploration drilling campaigns at the Eskay Creek gold-silver Project in the Golden Triangle of British Columbia. Analytical results and reference images from recently completed drill holes are detailed in this release as well as on the Company's website. Exploratory drill hole SK-22-1054 has discovered a new occurrence of Rhyolite-hosted mineralization in an area with no historical drill testing and beyond the extents of Eskay Creek's currently defined pit-constrained resources. Intersecting 1.79 g/t Au, 32.0 g/t Ag over 40.67 m, SK-22-1054 is situated 200 metres east of the 22 Zone starting at a vertical depth of only 23 metres below surface. Hosted entirely within Rhyolite breccias, this discovery has the style of mineralization, alteration and geochemical signature consistent with feeder style mineralization encountered throughout the main Eskay Creek Deposits. This new discovery remains open in all directions and additional work will be required to determine the geometry of the mineralization. Supported by modern data and interpretation, this new intersection corroborates the thesis that additional bodies of mineralization can be present in the general proximity of known zones that previous operators deemed to be non-prospective. Rhyolite-hosted mineralization was not a focus of exploration historically due to the high precious metal grade required by previous operators. With the paucity of historical drilling, the area between the 21A West Zone and the 22 Zone which measures 800 metres in strike length, provides additional exploration potential. "Exploration drilling by Skeena in areas deemed non-prospective by previous operators continues to identify zones of mineralization with potential to add new, near surface mineralization that could be incorporated into the near-term development plans for Eskay Creek. Additional drill testing is planned for next year to follow-up on this success" commented Adrian Newton, Skeena's Director of Exploration.
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BDNNY | Hot Stocks07:49 EST Amarc announces Minerawl Property Earn-in Agreement with Boliden - Amarc Resources entered into a Mineral Property Earn-in Agreement with Boliden Mineral Canada. Under the terms of the Agreement, Boliden may earn up to a 70% ownership interest, by making staged exploration and development investments, in Amarc's 100% owned DUKE porphyry Cu-Au district in central British Columbia. Amarc is the operator of the project. Amarc's 678 km2 DUKE District is located 80 km northeast of Smithers within the Babine Region, one of BC's most prolific porphyry Cu-Au belts, which hosts Noranda Mines' past producing Bell and Granisle Cu-Au mines and the advanced stage Morrison Cu-Au deposit. Significant infrastructure exists in the region, servicing an active forestry industry and also former mining activity. Central to Amarc's extensive mineral tenure is the DUKE Deposit discovery that is located 30 km north of the Bell Mine. In addition to the DUKE Deposit, some 12 new porphyry Cu deposit targets have been identified on Amarc's mineral claims. Under the terms of the Agreement Boliden has a two-staged option to earn up to a 70% interest in the DUKE District. To earn an initial 60% interest Boliden must fund CDN$30 million of exploration and development expenditures within four years of the effective date of the Agreement, of which CDN$5 million is a committed amount to be spent in 2022 and early 2023. Amarc will be the operator during this initial earn-in stage. Upon earning a 60% interest, Boliden can elect to earn an additional 10% interest in the Duke District, for an aggregate 70% interest, by funding an additional CDN$60 million of exploration and development expenditures at a minimum rate of CDN$10 million per year over the ensuing six years. Once Boliden has earned a 60% interest it will also have the right to become the operator. Upon Boliden finalizing its earned ownership interest, Amarc and Boliden will form either a 60:40 or 70:30 unincorporated joint venture to further advance the Duke District. At that stage each party will be responsible for funding its own pro-rata share of project costs, or be subject to customary equity dilution, converting to a capped royalty if it falls below a 10% participating interest.
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FTHWF | Hot Stocks07:46 EST Field Trip Health appoints Stacey Hoisak as VP, General Counsel - Field Trip Health & Wellness announced that it has strengthened its leadership team with the hiring of two senior executives. The Company has appointed Stacey Hoisak as Senior Vice President, General Counsel, and Dr. Monique Moller as Vice President, Integrative Health. Most recently, Ms. Hoisak held the roles of CEO, CLO, CPO and Director of Coinsquare. Dr. Moller previously served as staff physician at the Centre for Addiction and Mental Health and the Substance Use Service at Women's College Hospital, and many academic roles, including Deputy Program Director for the Enhanced Skills Program in Addiction Medicine, Medical Elective Coordinator for Addictions at CAMH, and the Addiction Lead for the Foundations Curriculum in Undergraduate Medical Education at the University of Toronto. Field Trip would also like to thank Paula Amy Hewitt, who resigned as its Senior Vice President, General Counsel, Chief Privacy Officer and Corporate Secretary for her many contributions.
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CVLY | Hot Stocks07:44 EST PeoplesBank donates building to Glen Rock Borough - PeoplesBank, A Codorus Valley Company, a subsidiary of Codorus Valley Bancorp, is donating its PeoplesBank Building to the Borough of Glen Rock Pennsylvania. PeoplesBank's President and CEO, Craig Kauffman, spoke with the borough council ahead of the donation and expressed PeoplesBank's gratitude toward Glen Rock, "As the birthplace of PeoplesBank, Glen Rock holds a special place in the hearts of every PeoplesBank associate. The donation is another example of the bank's long-term commitment to the community and our commitment to memorializing the legacy of PeoplesBank's contribution to the prosperity of the area."
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VHIBF | Hot Stocks07:43 EST Vitalhub announces multi-year contract with Lincolnshire ICB - VitalHub announces a multi-year licensing contract of subsidiary Transforming System's SHREWD Platform and SHREWD Resilience offerings to Lincolnshire Integrated Care Board. This contract comes as a result of an existing client expansion, as Transforming Systems had previously served "Better Lives Lincolnshire" for several years. With this contract, the SHREWD platform will be rolled out across the ICB's additional organizations, and further products and services will be adopted. Expected benefits conveyed to Lincolnshire ICB through this contract will centre around providing the health system with a single version of truth; allowing all associated care organizations to access real-time information surrounding all providers in the system, while simultaneously reducing inconsistency and variation. "We are excited to have the opportunity to support Lincolnshire ICB," said Dan Matlow, CEO of VitalHub Corp. "This is a great opportunity to continue to enhance our ability to support populations and Integrated Care Boards across the UK, specifically throughout the Midlands Region. Notably, this presents an opportunity for VitalHub to continue to showcase its product and innovation leadership, demonstrating the market pull for our WaitLess solution across the region. Leveraging new products across our install base of existing customers is an important component of our growth strategy. We look forward to continuing to serve our customers as we progress our strategy on an international basis."
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SISXF | Hot Stocks07:42 EST Savaria opens Queretaro City, Mexico factory - Savaria Corporation recently hosted a grand opening celebration of its new 95,000-square-foot factory in Queretaro City, Mexico. Strategically located to better serve the growing demand of the Savaria US-based dealer network, the new building was constructed over the past seven months in Queretaro City, a fast-growing economic center. The facility is modelled after Savaria Huizhou, Savaria's highly successful operation providing subassembly services. The proximity to the US market will reduce lead times and freight costs, as well as adding overall capacity to meet revenue growth. A grand opening celebration was held on November 12 welcoming employees and their families. Savaria is hiring additional staff with a goal of 100 employees by the end of 2023. Production of the Savaria Multilift, a popular vertical platform lift for home and commercial applications, is already underway.
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PTOTF | Hot Stocks07:41 EST Patriot One Technologies to protect school entrances in Lakewood district - Patriot One Technologies announced it will protect entrances to schools for the Lakewood, N.J. school district. The company's SmartGateway entry screening solution will be used to ensure weapons are not brought into schools throughout the Lakewood Township district. Patriot One's SmartGateway entry screening solution uses artificial intelligence-powered sensors to scan for hidden guns, knives and other weapons on people as they walk through pillars, without requiring personal items to be removed. "Lakewood Schools has already put efforts into protecting its students and staff, and the SmartGateway will help elevate that safety to a new level," said Peter Evans, CEO of Patriot One. "Students were already accustomed to using walk-through metal detectors - our technology will let them enter the school much faster, while providing advanced security detection. This lets students just be students again -they shouldn't have to worry about weapons on campus while they're trying to learn."
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ANF | Hot Stocks07:41 EST Abercrombie chairperson Terry Burman to step down, Nigel Travis to succeed - Abercrombie & Fitch announced a change in its Board of Directors as part of a leadership transition. After five years in the position and in connection with his plans to retire as a Director, Terry Burman will step down as Chairperson of the Board at the conclusion of the company's fiscal year ending on January 28, 2023, and will not stand for re-election at the Company's 2023 Annual Meeting of Stockholders. Nigel Travis, current Director and Chair of the Nominating and Board Governance Committee of the Board, will assume the role of Chairperson effective January 28, 2023. Mr. Burman joined the Board in January 2014 and was appointed Non-Executive Chairperson in February 2018. Mr. Travis joined the Board as an independent director in February 2019.
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DPRO | Hot Stocks07:40 EST Draganfly selected by PromoDrone to provide public safety UAV technology - Draganfly announces it has been selected to provide its Public Safety technology to the PromoDrone platform for Emergency Management. Draganfly is providing its product development and manufacturing capabilities to develop the next generation of PromoDrone's safety drone and digital enclosure package. Draganfly will also supply its versatile, multirotor UAV technology by integrating the enclosure on the Commander 3XL aerial system. Draganfly's Commander 3XL is a versatile, modular UAV that can carry custom payloads of up to 26 pounds. "Drone technology is offering a new frontier in risk management for large-scale events," said Cameron Chell, President and CEO of Draganfly. "Draganfly has two decades of experience manufacturing drones for public safety in North America. We look forward to working with PromoDrone and sharing our innovative solutions to help reduce response times, increase situational awareness and improve overall public safety during large events or in emergency situations."
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IGXT | Hot Stocks07:39 EST IntelGenx receives FDA PDUFA date for RIXAFILM - IntelGenx announced that the U.S. Food and Drug Administration, FDA, has accepted for review its Class 2 response to the 2020 Complete Response Letter for its 505(b)(2) New Drug Application, NDA, for RIZAFILM VersaFilm. The FDA has assigned a Prescription Drug User Fee Act, PDUFA, goal date of April 17, 2023 for completion of the review of the RIZAFILM NDA. "We are pleased to receive confirmation that the FDA is commencing its review of our NDA resubmission, and are looking forward to continuing to work with the Agency to make RIZAFILM VersaFilm available to acute migraine patients in the United States," commented Dr. Horst G. Zerbe, CEO of IntelGenx.
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VVOS | Hot Stocks07:39 EST Vivos Therapeutics provides update on review of revenue recognition policies - Vivos Therapeutics provided an update on its review of the Company's revenue recognition policies and the expected timing for the release of its second and third quarter 2022 financial results. Following a lengthy and detailed analysis, Vivos management, supported by outside experts and in concurrence with the Audit Committee of the Company's Board of Directors, has concluded that although the Company's previous technical application of ASC Topic 606, Revenue From Contracts with Customers relating to the classification and recognition of aspects of the Company's revenue required certain corrections, the net effect on the Company's prior financial results is minimal. The Company expects it will restate its first quarter 2022 revenue to reflect an increase of approximately $200,000. Also, management's analysis has concluded no previously reported revenue will be lost; rather the timing for recognizing revenue and the classification of revenue between product and service revenue requires modification in order to be compliant with ASC 606. Importantly, management has concluded, that no restatement of any kind is required to any of the Company's prior audited annual financial statements. These corrections do not relate to or have any impact on the Company's cash flows, and the liquidity of the Company remains unaffected. Management's analysis and conclusions have been reviewed by Plante & Moran PLLC, the Company's independent registered public accountants. The Company expects to file its amended Form 10-Q with restated financial statements for the first quarter of 2022 in the near future, and to file its reports on Form 10-Q for the second and third quarters of 2022 by December 31, 2022. As disclosed in August 2022, the delay in filing the Company's Form 10-Q for the second quarter of 2022 was the result of Company analysis and related discussions between the Company and its independent registered public accountants regarding certain technical matters pertaining to the Company's application of ASC 606. After analyzing its contracts in detail, the Company determined it needed to recognize certain revenue streams over the customer life as opposed to a one-year period as was previously done, and to reclassify certain aspects of revenue between product and service revenue. The corrections have a cumulative net effect for the three months ended March 31, 2022 of: Increasing total revenue and decreasing net loss on the condensed consolidated statements of operations and related footnotes by approximately $0.2 million; and Decreasing contract liability and accumulated deficit by approximately $0.2 million. The impact for the audited fiscal years ended December 31, 2019, December 31, 2020, and December 31, 2021 have been determined to be quantitatively and qualitatively immaterial. After the filing of its Form 10-Q for the quarter ended September 30, 2022, management will host a conference call to review the results for the period, provide an operational update, and discuss recent milestones, developments and plans for 2023. Further details for the release of the third quarter 2022 financial results and following conference call will be provided in a subsequent announcement. With the issuance of restated first quarter 2022 financial statements, as well as the filing of Vivos' second and third quarter 2022 financial statements, the Company will become current on its financial filings for purposes of Nasdaq Stock Market compliance.
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ZAPP CIIG | Hot Stocks07:37 EST Zapp to become publicly traded via combination with CIIG Capital Partners II - CIIG Capital Partners II and Zapp Electric Vehicles have entered into a definitive business combination agreement. Upon closing of the transaction, the combined company, Zapp Electric Vehicles Group Limited, a Cayman Islands exempted company, is expected to list its ordinary shares on the Nasdaq under the ticker symbol "ZAPP". Zapp was founded in 2017 by a group of mobility experts with a vision and commitment to bring high-performance to urban mobility through original, advanced design with an emphasis on safety, quality, customer experience and full-cycle sustainability. Zapp's first product to enter the market, the i300, has received widespread acclaim and consumer interest for its embodiment of these values. Unlike other urban electric bikes, the i300 is built around an innovative exoskeleton architecture and is powered by an advanced British-designed electric motor, which enables it to match the acceleration of high-performance motorcycles in a step-through architecture. A lightweight alloy and composite bodywork allow for a slim total weight of just 108 kg. The i300's interior permanent magnet electric motor and carbon fiber belt drive combine to drive acceleration from 0 to 30 mph in just 2.3 seconds and from 0 to 60 mph in 5.0 seconds. The i300 utilizes ultra-portable lithium-ion battery packs weighing just 6 kg each. The battery packs can be charged from 20% to 80% via standard 220v/110v wall sockets in under 40 minutes. The portability of the battery packs makes the i300 easy to charge anywhere and at any time without reliance on a public charging network. The i300 is well-positioned to handle the average daily commute for urban drivers. Zapp expects to implement a high-quality direct-to-customer experience called DSDTC. Once a customer places an online order, their selected model will be processed and conveniently delivered directly to their home by "Zappers," who are independent service agents who perform deliveries in dedicated and purpose-designed plug-in hybrid service vans. Zappers also provide at-home inspection, service and support throughout the life of the vehicle. As part of Zapp's full-stack e-commerce platform, customers are expected to have access to highly competitive leasing and insurance solutions.Zapp also uses a Gen-2 sustainability design approach that requires fewer components and assembly steps and bodywork made from composites with green-to-make materials, with substantially all components being recyclable . The combined company will have an estimated fully-diluted post-transaction enterprise value of $573 million, consisting of an estimated equity value of $852 million, $274 million in new cash to the balance sheet, and $5 million in existing cash. Cash proceeds raised will consist of CIIG II's approximately $294 million cash in trust, net of redemptions. With no minimum cash condition, the cash in the CIIG II trust account is anticipated to support the Company's growth capital needs, including Zapp's production, marketing and sales efforts. It is intended that 100% of existing Zapp shareholders will roll over their equity and, assuming no redemptions and full rollover, own approximately 59% of the pro forma equity of the combined company in connection with the transaction. The business combination has been approved by the boards of directors of both Zapp and CIIG II and is expected to close in the first half of 2023, subject to stockholder approvals and other customary closing conditions.
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DKS | Hot Stocks07:35 EST Dick's Sporting backs FY22 CapEx view $400M-$425M on gross basis - Backs FY22 CapEx view $340M-$365M on net basis.
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DKS | Hot Stocks07:33 EST Dick's Sporting CEO says 'We delivered an exceptionally strong third quarter' - Lauren Hobart, President and CEO said, "We delivered an exceptionally strong third quarter with our comps increasing 6.5% and EBT margin of 10.3%, which was over three times our 2019 non-GAAP rate. DICK'S is a growth company, and our Q3 sales results are powerful evidence of our sustainable growth story. Because of our continued strong performance, quality of inventory and the confidence we have in our business, we are raising our full year 2022 outlook."
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IE | Hot Stocks07:31 EST Ivanhoe Electric initiates diamond drilling at Tintic Copper-Gold Project - Ivanhoe Electric announced the commencement of drilling at the Tintic Copper-Gold Project in Utah. Chairman Robert Friedland commented: "After more than five years of property acquisition, digitization of old mine records and meticulous geologic mapping, we are beginning our exploration drill program as a newly public company at our Tintic Copper-Gold project in Utah. The Tintic Mining District has a storied, century-and--half-long history of high-grade silver, gold and copper production, dating back to the first discovery in 1869. Our high-powered, proprietary Typhoon induced polarization surveying system and Computational Geoscience Inc. software has delineated multiple large-scale anomalies comparable in size to the world-class Bingham Canyon porphyry copper-gold mine. Bingham Canyon has been producing continuously since 1906 and is commonly considered to be one of the world's largest producers of copper and gold. With the help of Typhoon, we are looking forward to better understanding the potential porphyry sources to the historical high-grade precious and base metals mineralization at Tintic."
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VOXR FQVLF | Hot Stocks07:28 EST Vox Royalty acquires Australian gold royalty over Cardinia gold project - Vox Royalty (VOXR) executed a binding royalty sale and purchase agreement dated November 21, 2022 with Gloucester Coal and acquired Gloucester's Cardinia development-stage gold royalty in Western Australia for A$450,000 cash. The Company is also pleased to announce that it has completed the acquisition of First Quantum Minerals Ltd.'s (FQVLF) Canadian royalty portfolio, previously announced on November 10, 2022, which closed on November 21, 2022. The acquired royalty, previously produced on a bulk sampling basis, is a 1% Gross Value of Sales royalty above 10,000oz cumulative gold production on mining lease M37/86, which is operated by Kin Mining, and is part of Kin's flagship Cardinia Gold Project, which is located 30km east of Leonora in Western Australia. The Cardinia Royalty was created in 1993 pursuant to an Option Agreement between Sons of Gwalia Ltd and Centenary International Mining Ltd, the latter of which became CIM Resources Ltd, and eventually, Gloucester. Riaan Esterhuizen, Executive Vice President - Australia stated: "This overlooked 1993 vintage gold royalty is Vox's ideal low-cost acquisition - a fully-permitted and shovel-ready gold project, located in the prolific Leonora district of Western Australia within trucking distance of 4 existing mills with over 10Mtpa processing capacity. This transaction was originated using Vox's proprietary royalty database of over 8,500 royalties, to identify an overlooked gold royalty inherited through a broader 2012 corporate acquisition. Regional consolidation within the Leonora region is underway with Genesis Minerals' acquisition of Dacian Gold and merger talks ongoing between Genesis and St Barbara, all of which bodes well for Kin Mining's prospects at the Cardinia Gold Project." Closings of the Transaction and the acquisition of the FQM royalty portfolio occurred on November 21, 2022, with Vox using cash on hand to fund the payment of the Transaction.
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AGFS | Hot Stocks07:24 EST Pain Schwartz funds to acquire AgroFresh for $3.00 per share in cash - AgroFresh entered into a definitive merger agreement with investment funds affiliated with Paine Schwartz Partners pursuant to which such funds will acquire all of the outstanding common stock of the Company for $3.00 per share in cash. This represents a 91% premium over the Company's share price at market close on October 26, 2022, an 88% premium over the Company's unaffected 60-day volume-weighted average price as of October 26, 2022, and a 33% premium over the Company's 52-week trading high prior to October 26, 2022. A special committee of independent directors of the AgroFresh Board of Directors in consultation with its independent financial and legal advisors, unanimously determined that the merger agreement is advisable, fair to, and in the best interests of, the unaffiliated stockholders of the Company and recommended it for approval by the Board. The merger agreement was subsequently approved by the disinterested members of the Board. Consummation of the transaction is conditioned on approval of the unaffiliated stockholders of the Company and is subject to other customary closing conditions. The transaction is expected to close in the first quarter of 2023.
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ARVN PFE | Hot Stocks07:23 EST Arvinas says ARV-471 achieves clinical benefit rate of 38% in evaluable patients - Arvinas (ARVN) announced initial results from the Phase 2 cohort expansion portion of a phase 1/2 study with ARV-471, a novel PROTAC estrogen receptor protein degrader. ARV-471 is being co-developed with Pfizer Inc. (PFE) for the treatment of patients with locally advanced or metastatic ER positive / human epidermal growth factor receptor 2 negative breast cancer. This disclosure was originally planned for December 8, 2022. However, on November 21, 2022, the 2022 San Antonio Breast Cancer Symposium incorrectly published the abstract, omitting a key safety data table, and inadvertently released the corresponding full data presentation on the SABCS website. These full data are scheduled to be presented on December 8, 2022 at 9:00 a.m. CT in an oral presentation titled "ARV-471, a PROTAC estrogen receptor degrader in advanced ER-positive/human epidermal growth factor receptor 2-negative breast cancer: phase 2 expansion of a phase 1/2 study." As a result of the early release of the full data presentation, Arvinas will host a conference call and webcast today, November 22, 2022, at 4:30 p.m. ET to discuss these data. In the VERITAC trial, ARV-471 shows a favorable tolerability profile and demonstrates a clinical benefit rate of 38%, the primary endpoint in the trial. These results are consistent with the Phase 1 portion of this trial. Patients in VERITAC had a median of four lines of prior therapies, in a population where 100% of patients were treated with prior cyclin-dependent kinase inhibitors, 79% with prior fulvestrant, and 73% with prior chemotherapy. At the time of data cutoff, ARV-471 administered at 200 mg and 500 mg demonstrated: Antitumor activity in 100% CDK4/6 inhibitor-pretreated patients, as measured by a CBR of 38% in all patients and 51.2% in patients with mutant ESR1 tumors. Preliminary median progression-free survival of 3.7 months, a key secondary endpoint, in all evaluable patients and 5.7 months in patients with mutant ESR1 tumors. A favorable tolerability profile, with the majority of treatment-related adverse events reported as Grade 1 or 2. Anticipated 2022/2023 Milestones: Initiate a Phase 3 trial with ARV-471 as a second-line treatment in patients with ER+/HER2- metastatic breast cancer; Initiate a Phase 3 trial with ARV-471 in combination with palbociclib as a first-line treatment in patients with ER+/HER2- metastatic breast cancer; Initiate the first two cohorts and initiate additional arms with other targeted therapies in the ongoing Phase 1b combination trial; Present data from the Phase 1b combination trial with palbociclib at a medical conference.
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HHC | Hot Stocks07:19 EST Howard Hughes appoints Hope VonBorkenhagen as Chief People Officer - The Howard Hughes Corporation announced that Hope VonBorkenhagen has been named the company's Chief People Officer, effective October 27. VonBorkenhagen will lead all aspects of human resources strategy and operations including talent and leadership development, total rewards, and employee experience across the company's national portfolio of acclaimed master planned communities. Prior to joining HHC, VonBorkenhagen served as Vice President of Human Resources at Lennox International - Residential, a leading global provider of innovative climate-control solutions, consisting of 6,000 employees worldwide. She has nearly 20 years of executive-level human resources experience in both the public and private sectors and across industries including aerospace, oil and gas, healthcare, and manufacturing.
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RIOFF OR | Hot Stocks07:16 EST Rio2 Limited sells non-core royalty package to Osisko Gold for $5M - Rio2 (RIOFF) announces that it has entered into a binding agreement to sell a package of Chilean royalty interests to Osisko Gold Royalties Ltd. (OR) for aggregate consideration of $5,000,000. The Royalty Sale provides for the sale of Rio2's 1.5% royalty on the Anocarire Project and its 1.25% royalty on the Horizonte Project, both located in Chile. Rio2 is currently in an administrative appeal process with the Chilean Government with respect to the rejection of the Environmental Impact Assessment for the development of its Fenix Gold Project, as previously outlined in a press release dated September 7, 2022. The Royalty Sale is subject to customary conditions precedent and is expected to close in the coming days.
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XOMA OBSV | Hot Stocks07:14 EST Xoma acquires royalty, milestone license to ebopiprant - XOMA Corporation (XOMA), acquired all rights and title to ebopiprant held by ObsEva (OBSV) for $15 million plus certain earn-out payments. XOMA has assumed the ebopiprant intellectual property estate and all license agreements, including the 2021 exclusive license agreement from ObsEva to Organon related to the development and commercialization of ebopiprant. Under the terms of the agreement, XOMA has acquired all rights to ebopiprant held by ObsEva, including the Organon/ObsEva license agreement and the IP associated with the asset. XOMA will now be entitled to receive up to $475 million in development, regulatory, and sales-based milestone payments under the ObsEva/Organon license agreement. XOMA will pay to ObsEva a portion of the development and regulatory milestones, as well as certain sales milestones, up to $98 million. Upon commercialization, XOMA will receive royalties that range from low- to mid-teens from Organon and will make a mid-single-digit royalty payment to Merck KGaA, Darmstadt, Germany.
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OXBDF | Hot Stocks07:12 EST Oxford Biomedica appoints Mathias as CEO - Oxford Biomedica announces the appointment of Dr Frank Mathias as Chief Executive Officer, CEO, and Board Director, effective March 2023. Since 2016 Mathias has served as CEO of Rentschler Biopharma SE, which he has successfully developed into a leading global, full-service CDMO. Dr Roch Doliveux will remain as Interim CEO of Oxford Biomedica until March 2023, at which point Dr Mathias will fully take over the role of CEO and Dr Doliveux will resume the role of Non-Executive Chair.
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VLNS | Hot Stocks07:11 EST Valens recommends shareholders to vote for proposed arrangement with SNDL - The Valens Company announced that both Institutional Shareholder Services, or ISS, and Glass Lewis & Co. have recommended that Valens shareholders vote in favour of the arrangement resolution at the previously announced Special Meeting of Valens Shareholders. The Meeting is being held in connection with the previously announced plan of arrangement under section 192 of the Canada Business Corporations Act whereby SNDL, will acquire all of the issued and outstanding common shares of the Company, and in return Valens Shareholders will receive, for each Valens share held, 0.3334 common shares of SNDL. The management information circular and other meeting materials were mailed to Valens Shareholders and can also be found under the Company's profile on SEDAR, EDGAR, as well as on Valens' website. ISS' analysis stated, "The proposed amalgamation makes strategic sense as completion of the arrangement is expected to produce upwards of $15M of additional EBITDA on an annual run-rate basis through synergies and other strategic initiatives and provide the combined company with a larger public float and greater market liquidity" and, "The arrangement is expected to produce $10 million in cost synergies. With expected revenue benefits from improved distribution of VLNS products... and a better capitalized entity that is expected to be a top licensed producer with top 10 market share in both overall cannabis and cannabis 2.0. In addition, the pro forma combined company is expected to be the highest revenue generating cannabis company in Canada currently trading well under its tangible book value."
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ITMZF | Hot Stocks07:10 EST React Gaming subsidiary Parabellum Esports partners with XP League - React Gaming Group announce that its subsidiary Parabellum Esports has partnered with XP League. Through this partnership, select XP League teams will be able to play under the Parabellum name and wear a co-branded jersey, helping to cement XP League as the premier youth esports organization aligned with professional esports. The partnership will also be a launching pad for the Parabellum Academy, which will work directly with players, creators and enthusiasts who want to enter the esports space. Parabellum Academy is currently working on developing online courses, mentorship programs and academy teams, in line with its professional competitive teams in Rainbow Six, Rocket League and CSGO. Parabellum Academy's launch is planned for Q1 2023. "Our strategy with Parabellum Esports is to build our own professional team ecosystem from the ground up, with recruitment, training and development of competitive professional teams in various leagues that will also complement our current rosters and allow us to expand our activities," said Leigh Hughes, CEO of React Gaming. "This will also serve the purpose of enhancing Parabellum's brand recognition and increasing sponsorship and prize money opportunities, with the goal of monetizing this growing asset with minimal investment of capital."
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GFAI | Hot Stocks07:10 EST Guardforce launches 'AIoT' robot advertising model - Guardforce AI announced the formal launch of its Artificial Intelligence of Things Robot Advertising model and its mobile application, GFAI AD, on the Apple App Store in Asia. The AIoT RA model enables advertisers to publish advertisements on Guardforce AI's robots and make more informed marketing decisions with data feedback from the Guardforce AI Intelligent Cloud Platform. As a part of the AIoT RA rollout, the initial launch of the mobile app is commencing with robots in Macau, with additional markets to follow. Guardforce AI has managed approximately 6,000 robots deployed globally. Most robots are placed at the entrances of hotels, restaurants, supermarkets, offices and residential buildings, which are high-volume traffic points. While providing concierge, order and queue systems, and disinfection services, the robot screens could be used for advertisers to achieve more customized, cost-efficient and precise marketing strategies that better reach their target audiences. Advertisers can choose different scenarios, hours, repetitions and locations where they predict their target audiences will most frequently visit, and fine-tune their campaign through real-time data feedback, by monitoring key metrics such as exposure and customer engagement.
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SIDU | Hot Stocks07:10 EST Sidus Space signs MOU with Capital C for maritime satellite design, surveillance - Sidus Space has signed a memorandum of understanding, or MOU, with Capital C. As part of the agreement, Sidus will assist in developing, delivering, and maintaining surveillance and tracking systems with software that utilizes satellite imagery, sensor data, and data delivery. Sidus will provide continued access to LEO satellite communications systems as well as the design and manufacture of specialized marine parts as a preferred vendor to Capital C. This partnership blends Sidus' rich manufacturing heritage with areas of strategic growth including satellite technology and data subscriptions as it prepares to launch its proprietary, partially 3-D printed, LizzieSat satellites in 2023. The use of 3-D printing, as opposed to traditional manufacturing, is a sustainable method that reduces waste, resources, cost and time. Capital C is a design and technology company specializing in designing yachts that are at the forefront of sustainability and are Carbon Positive, incorporating advanced technology, robotics, safety systems and autonomous systems within its designs, which are also focused on environmentally friendly and greatly reduced emissions capabilities.
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CYCN | Hot Stocks07:08 EST Cyclerion concludes unsolicited proposal not in best interest of company - Cyclerion Therapeutics announced that the Board of Directors of the Company acting solely by all of its independent and disinterested members has reviewed the non-binding and unsolicited proposal received on November 20, 2022, from a group that includes the Company's chief executive officer, to among other things purchase certain assets of the Company. After consultation with its legal and financial advisors, the Independent Board has unanimously concluded that the proposal is not in the best interest of the Company.
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MRKR | Hot Stocks07:07 EST Marker Therapeutics announces FDA clearance of IND for MT-601 - Marker Therapeutics announced that the U.S. Food and Drug Administration, FDA, has cleared the Company's Investigational New Drug, IND, application for MT-601, a multi-tumor-associated antigen-specific T cell product targeting six antigens, for the treatment of patients with locally advanced unresectable or metastatic pancreatic cancer in combination with front-line chemotherapy. Marker intends to initiate a multicenter Phase 1 trial for the treatment of patients with locally advanced unresectable or metastatic pancreatic cancer in combination with front-line chemotherapy in 2023. Compared to the TACTOPS study, Marker is using a new, streamlined manufacturing process for MT-601. This new manufacturing process has already demonstrated major improvements to MT-401, Marker's multiTAA-specific T cell product for AML. The new manufacturing process allows production in 9 days compared to the original process of greater than30 days. "The FDA's clearance of our IND for MT-601 is a significant milestone for Marker as we prepare for our third planned clinical trial evaluating our multiTAA-specific T cell therapy next year," said Peter Hoang, President and Chief Executive Officer of Marker Therapeutics. "Our pioneering multi-antigen approach to cancer treatment has the potential to significantly benefit patients, and we are pleased to advance development of our pancreatic cancer program through the initiation of our Company-sponsored Phase 1 trial in 2023."
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BBY | Hot Stocks07:07 EST Best Buy sees FY23 comparable sales down approximately 10% - "We are updating our FY23 outlook to flow through our better-than-expected Q3 results while keeping our Q4 expectations unchanged," said Matt Bilunas, Best Buy CFO. "We now expect comparable sales to decline approximately 10% and our non-GAAP operating income rate to be slightly higher than 4.0%." Bilunas added, "From a capital allocation perspective, we resumed share repurchases in November after pausing during Q2 and now expect to spend approximately $1 billion in share repurchases this year."
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OBSV XOMA | Hot Stocks07:06 EST ObsEva announces sale of Ebopiprant license agreement to XOMA for up to $13M - ObsEva SA (OBSV) announced the sale of all of the Company's rights to Ebopiprant to XOMA (XOMA) for an upfront payment of $15M and future milestone payments of up to $98M. ObsEva expects the sale proceeds to resolve its current over-indebtedness position, enabling the Company to withdraw the Company's previously announced moratorium proceedings before Swiss courts, as well as position the Company to regain compliance with minimum stockholders' equity requirements for continued listing on The Nasdaq Stock Market. Under the terms of the agreement with XOMA, ObsEva has sold and assigned all its rights to Ebopiprant, an investigational, orally active, selective prostaglandin F2alpha receptor antagonist being evaluated as a potential treatment for preterm labor by reducing inflammation and uterine contractions, to XOMA, including the Company's license agreements with Organon and Merck KGaA, Darmstadt, Germany, and the intellectual property estate. In addition to the $15 million received in upfront proceeds, ObsEva is eligible to receive up to $98 million upon the achievement of certain development and regulatory milestones and sales milestones under the Company's license agreement with Organon for Ebopiprant that was sold to XOMA in the transaction. In conjunction with the closing of the transaction, ObsEva and JGB Management entered into a Consent and Amendment Agreement, whereby JGB consented to ObsEva's transaction with XOMA, and ObsEva agreed to maintain restricted cash equal to the total amount of outstanding principal under the outstanding convertible notes held by certain funds and accounts managed by JGB, subject to reduction upon conversion or payoff of the notes, and agreed to amend the maturity date for each note to December 31, 2023.
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BBY | Hot Stocks07:06 EST Best Buy sees Q4 comparable sales down approximately 10% - "We are updating our FY23 outlook to flow through our better-than-expected Q3 results while keeping our Q4 expectations unchanged," said Matt Bilunas, Best Buy CFO. "We now expect comparable sales to decline approximately 10% and our non-GAAP operating income rate to be slightly higher than 4.0%." Bilunas added, "From a capital allocation perspective, we resumed share repurchases in November after pausing during Q2 and now expect to spend approximately $1 billion in share repurchases this year."
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ASNS | Hot Stocks07:03 EST Actelis Networks authorizes up to $1M share repurchase program - Actelis Networks announced that its Board of Directors has authorized a share repurchase program pursuant to which the Company may repurchase up to $1 million of its outstanding shares of common stock. The Board of Directors authorized the Company to purchase its common stock from time to time on a discretionary basis through open market purchases, privately negotiated transactions or other means, including trading plans intended to qualify under Rule 10b-18 of the Securities Exchange Act of 1934, as amended, in accordance with applicable federal securities laws and other applicable legal requirements. "We believe that there is a disconnect between our current share-price and the fair value of our stock," said Tuvia Barlev, CEO of Actelis. "2022 has been a year of investment and growth for Actelis and with our continuous efforts, we look forward to further accelerate our growth. The authorization of this Share Repurchase Program reflects our leadership's confidence in the trajectory of the organization and our ability to generate long-term shareholder value."
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NVO | Hot Stocks07:03 EST Novo Nordisk invests DKK 5.4B in expansion of Bagsvaerd manufacturing facilities - Novo Nordisk announced plans to invest 5.4B Danish kroner in the expansion of existing facilities in Bagsaevrd. The plans also include the construction of a new plant located in extension of the existing facilities. "The investment will establish additional capacity in R&D for manufacturing of active pharmaceutical ingredients - API - to supply our global clinical trials. These expansions will provide capacity for developing Novo Nordisk's future oral and injectable product portfolio," the company said. "This investment in expanding our clinical API capacity in Bagsvaerd is an important step to ensure the continuous progress of our development pipeline. Increasing our API capacity in R&D will be a key enabler in bringing new innovations to the market, and meet the future demand of our patients", said Jesper Boving, senior vice president, CMC Development, Novo Nordisk. The investment project is expected to be finalized in 2024.
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REGN | Hot Stocks07:01 EST Regeneron announces EC approval of Libtayo - Regeneron Pharmaceuticals announced that the European Commission approved Libtayo as monotherapy for the treatment of adult patients with recurrent or metastatic cervical cancer and disease progression on or after platinum-based chemotherapy.
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GSK | Hot Stocks06:56 EST GSK initiated process for withdrawal of U.S. marketing authorization for Blenrep - GSK plc announced it has initiated the process for withdrawal of the US marketing authorization for Blenrep, or belantamab mafodotin-blmf, following the request of the U.S. Food and Drug Administration. This request was based on the previously announced outcome of the DREAMM-3 phase III confirmatory trial, which did not meet the requirements of the U.S. FDA Accelerated Approval regulations. Blenrep is a monotherapy treatment for adult patients with relapsed or refractory multiple myeloma, or RRMM, who have received at least four prior therapies, including an anti-CD38 monoclonal antibody, a proteasome inhibitor, and an immunomodulatory agent. "As part of the company's efforts to ensure physicians and patients are supported during this important time, patients already enrolled in the Blenrep Risk Evaluation and Mitigation Strategy programme will have the option to enroll in a compassionate use programme to continue to access treatment. Further information on enrolling patients into the compassionate use programme will be provided directly to REMS-enrolled prescribers. Patients currently being treated with Blenrep should consult their healthcare provider," the company stated. Sabine Luik, Chief Medical Officer, said, "We respect the Agency's approach to the accelerated approval regulations and associated process. Multiple myeloma is a challenging disease, with poor outcomes for patients whose disease has become resistant to standard-of-care treatments. We will continue the DREAMM clinical trial programme and work with the US FDA on a path forward for this important treatment option for patients with multiple myeloma."
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TUEM | Hot Stocks06:54 EST Tuesday Morning withdraws previous FY23 guidance - On November 4, the company announced changes to its leadership team including the appointment of Andrew Berger to CEO along with his assumption of CFO responsibilities. Given this recent change in leadership, the company is withdrawing its previous guidance for full year fiscal 2023.
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GCO BBY | Hot Stocks06:53 EST Genesco appoints Best Buy CFO Matthew Bilunas to board - Genesco (GCO) announced the appointments of two new independent directors Matthew Bilunas, CFO of Best Buy (BBY), and Carolyn Bojanowski, executive VP merchandising, Sephora USA, to Genesco's board of directors, effective January 29, 2023, the beginning of its fiscal year.
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BURL | Hot Stocks06:51 EST Burlington Stores CEO: 'We think the outlook for 2023 is very positive' - Michael O'Sullivan, CEO, stated, "In Q3 we achieved sales and earnings that were within our guidance range, but we are not happy with this performance. As we said on our August earnings call, as an off-price retailer we should be able to perform better in this environment despite the significant macro headwinds. Recent results from other off-price retailers reinforce this view." O'Sullivan continued, "As we described in August, the consumer's frame of reference for value shifted significantly in 2022, but we did not respond aggressively enough to this shift. So, in Q3 we took significant steps to improve the value and mix of our assortment. These actions have driven an improvement in our trend from mid-October through November. We are encouraged by this but given the external risks we are maintaining our guidance for Q4." Looking further ahead, O'Sullivan said, "While we acknowledge that there are risks and uncertainties, we think the outlook for 2023 is very positive. We anticipate that the economic and competitive environment could set up very well for off-price. We also recognize that we will be lapping our own execution mistakes and under-performance from 2022. Based on these factors we believe that we can start to drive significant sales, margin, and earnings recovery next year."
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MRK | Hot Stocks06:48 EST Merck announces Phase 3 KEYNOTE-859 trial met primary OS endpoint - Merck announced topline results from the pivotal Phase 3 KEYNOTE-859 trial investigating KEYTRUDA, Merck's anti-PD-1 therapy, in combination with chemotherapy for the first-line treatment of patients with human epidermal growth factor receptor 2, or HER2-negative, locally advanced unresectable or metastatic gastric or GEJ adenocarcinoma. KEYTRUDA in combination with chemotherapy showed a statistically significant and clinically meaningful improvement in the trial's primary endpoint of overall survival, or OS, versus chemotherapy alone in the all-randomized patient population at a pre-specified interim analysis conducted by an independent Data Monitoring Committee. Statistically significant and clinically meaningful improvements in progression-free survival, or PFS, and overall response rate, or ORR, were also observed in the all-randomized patient population, Merck reported. The safety profile of KEYTRUDA in this trial was consistent with that observed in previously reported studies; no new safety signals were identified. Results will be presented at an upcoming medical meeting and will be submitted to regulatory authorities. "Despite improvements in cancer care, advanced gastric cancer continues to have one of the lowest five-year survival rates, and new interventions are urgently needed. The results from KEYNOTE-859 show the potential of KEYTRUDA plus chemotherapy to improve survival beyond chemotherapy alone for patients with HER2-negative locally advanced unresectable or metastatic gastric or gastroesophageal junction adenocarcinoma, regardless of PD-L1 expression," said Dr. Eliav Barr, senior vice president and head of global clinical development, chief medical officer, Merck Research Laboratories.
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LEV | Hot Stocks06:33 EST Lion Electric enters four-year supply pact with lithium-ion battery supplier - Lion Electric announced that it has entered into a four-year supply agreement with a supplier for the supply of lithium-ion battery cells to be used for the manufacturing of batteries for electric vehicles. Subject to the terms and conditions of the cell supply agreement, the supplier has committed to supply, and Lion has committed to purchase, on a non-exclusive basis, lithium-ion battery cells at escalading volumes over calendar years 2023 and 2024, at agreed upon prices, subject to adjustments, including to account for increases in the prices of raw materials and changes in specifications. Volumes and unit prices for calendar years 2025 and 2026 remain to be agreed upon by the parties. The cell supply agreement currently provides that 39M lithium battery cells are to be purchased by Lion in total over calendar years 2023 and 2024, subject to, among other things, the supplier completing its internal cell qualification processes to validate satisfaction of Lion's specification requirements. The cell supply agreement provides for termination rights and penalties in favor of each party in the event that a specified percentage of the volume commitments set forth in the contract are not met for each applicable period defined thereunder.
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NILE... | Hot Stocks06:31 EST BitNile Bitcoin to acquire antminers and containers from Bitmain - BitNile Holdings (NILE) announced that the Company has recently entered an agreement with Bitmain to purchase a total of 1,140 S19 XP Hydro Antminers, or XP Hydro, along with 6 customized power containers. The XP Hydro's feature water cooling and a maximum hashrate of 255 TH/s at 5304W and were introduced by Bitmain in October 2022. The Company anticipates delivery of 190 XP Hydro's and one Container per month for six consecutive months starting in July 2023. The Company will update the market on production performance once the new Antminers have been delivered and installed. The Company noted that it anticipates by the end of 2023, a total number of 23,065 mining units will be operating.
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SOL | Hot Stocks06:08 EST ReneSola names Himanshu Shah chairman - ReneSola announced that Himanshu Shah, founder and CIO of Shah Capital was appointed as chairman of the board of directors. In addition, the company made the following changes to the leadership and members of its board committees, effective immediately. Shah Capital is a long-term stakeholder and has over 22% ownership of ReneSola Power. Himanshu joined ReneSola Power as a director in March.
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NFE | Hot Stocks06:07 EST New Fortress Energy finalizes agreements with Pemex - New Fortress Energy announced that it has finalized its agreements with Petroleos Mexicanos, or Pemex, Mexico's state-owned oil company, to develop and operate an integrated upstream and natural gas liquefaction project off the coast of Veracruz in Southeastern Mexico. The agreements comprise a long-term strategic partnership, expressly supported by His Excellency Andres Manuel Lopez Obrador, the President of Mexico, to complete the development of the Lakach deepwater natural gas field, one of the largest non-associated gas fields in the Gulf of Mexico. NFE will invest in the continued development of the Lakach field over a two-year period by completing seven offshore wells. In addition, NFE will deploy to the Lakach field its 1.4 MTPA Sevan Driller FLNG unit, which is currently undergoing conversion in a shipyard in Singapore, to liquefy the majority of the produced natural gas. The transactions described in this press release are subject to customary terms and conditions.
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PARA | Hot Stocks05:56 EST Paramount terminates deal to sell Simon & Schuster to Penguin Random House - In a regulatory filing, Paramount Global said that on November 2, 2021, the U.S. Department of Justice filed suit in the United States District Court for the District of Columbia to block the Sale of Simon & Schuster business to Penguin Random House LLC and on October 31, 2022, the Court ruled in favor of the DOJ, enjoining the Sale. Following the Decision, on November 21, 2022, Paramount terminated the Purchase Agreement in accordance with its terms. Penguin Random House is obligated to pay a $200M termination fee to Paramount. Paramount said: "Simon & Schuster remains a non-core asset to Paramount, as was determined in early 2020 when Paramount conducted a strategic review of its assets. Simon & Schuster is a highly valuable business with a recent record of strong performance; however, it is not video-based and therefore does not fit strategically within Paramount's broader portfolio."
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CSIQ | Hot Stocks05:55 EST Canadian Solar sees FY22 shipments 1.8 GWh to 1.9 GWh - The company said, "For the full year of 2022, the Company expects CSI Solar's total battery storage shipments to be in the range of 1.8 GWh to 1.9 GWh, including approximately 300 MWh to the Company's own projects. Global Energy project sales are expected to be in the range of 2.2 GW to 2.3 GW. For the full year of 2023, the Company expects total module shipments to be in the range of 30 GW to 35 GW."
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AMZN | Hot Stocks05:38 EST Amazon Web Services launches infrastructure region in India - Amazon Web Services, or AWS, an Amazon.com company, announced the launch of its second AWS infrastructure Region in India-the AWS Asia Pacific Region. Starting immediately, developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, will have greater choice for running their applications and serving end users from data centers located in India. Customers will have access to advanced AWS technologies to drive innovation including data analytics, security, machine learning, and artificial intelligence.
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ARGX | Hot Stocks05:32 EST Argenx announced FDA acceptance of SC efgartigimod BLA for review - Argenx announced the FDA has accepted for priority review a biologics license application, or BLA, for SC efgartigimod for the treatment of adult patients with generalized myasthenia gravis. The application has been granted a Prescription Drug User Fee Act target action date of March 20, 2023.
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AB SCGLY | Hot Stocks05:25 EST AllianceBernstein, Societe Generale to form cash equities JV - AllianceBernstein (AB) and Societe Generale (SCGLY) announced their plans to form a joint venture, or JV, combining their cash equities and equity research businesses. For both Bernstein Research's and Societe Generale's clients, this new joint venture would offer a suite of services across cash equities and research, combined with Societe Generale's integrated equity capital markets, equity derivatives and prime services platforms. The joint venture would provide investment insights into the American, European and Asia Pacific equity markets, in addition to unparalleled liquidity access and leading global trading technology. The merged entities would bring complementary strengths and a shared vision of a full-service equity brokerage business to support the needs of global investor and issuer clients. Societe Generale intends to take a 51% interest in the joint venture, with an option to reach 100% ownership after five years. The business would be run as a long-term partnership under the Bernstein name, headquartered in London. Upon closing, Robert van Brugge, CEO of Bernstein Research, would become CEO of the new entity for an initial term of five years, and Stephane Loiseau, Head of Societe Generale's cash equities business, would become deputy CEO. The proposed transaction has received the support of Societe Generale's and AllianceBernstein's boards. The closing is expected to occur before the end of 2023. The transaction is subject to workers council consultation, approval of regulators, and customary closing conditions. An equalization payment from Societe Generale to AllianceBernstein would occur at the close of the transaction. As AllianceBernstein will own less than 50% of the joint venture, AllianceBernstein anticipates deconsolidating Bernstein Research from its financial statements following the close of the transaction. The deconsolidation is expected to have a modestly positive impact on AllianceBernstein's operating margin. The planned joint venture is not expected to have an impact on AllianceBernstein's asset management business or Bernstein Private Wealth Management's business.
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BG | Hot Stocks05:12 EST Bunge to acquire 49% stake in BZ Group, terms undisclosed - BZ Group and Bunge announced the signing of a strategic partnership. As part of this agreement, Bunge acquires 49% of BZ Group while the Beuzelin family remains the majority shareholder with 51% ownership. The transaction is subject to customary closing conditions and regulatory approval. The BZ Group, located in Normandy, France, originates products from a large network of independent farmers and also sources grains, oilseeds and pulses from suppliers in the northwest of France to export to its customers via its port terminal in Rouen. Bunge, a has developed a relationship with BZ over the years.
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