Stockwinners Market Radar for November 30, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
CRWD | Hot Stocks20:03 EST Cathie Wood's ARK Investment bought 39.2K shares of Crowdstrike today
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AMZN RXT | Hot Stocks19:12 EST Onica Rackspace Technology achieves Service Delivery designation for AWS Glue - Rackspace Technology "announced that Onica by Rackspace Technology, the cloud services-focused business group, announced today that it has achieved the Amazon Web Service Service Delivery designation for AWS Glue. The AWS Glue Service Delivery designation recognizes that Onica by Rackspace Technology has proven success in helping customers discover consulting partners who have the expertise to deliver AWS Glue for data integration, pipeline, and catalogue use cases. AWS Partners with this designation makes it easy for customers to discover, prepare, and combine data for analytics, machine learning, and application development. AWS Glue provides all the capabilities needed for data integration such that customers can start analyzing their data and putting it to use in minutes instead of months. To receive this designation, Amazon Partner Network members must possess deep AWS experience and deliver solutions seamlessly on AWS."
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SNOW | Hot Stocks18:45 EST Snowflake CEO: Overall, things are strong - In an interview on CNBC's Mad Money, Frank Slootman said for a company of Snowflake's scale to be growing at this rate is unprecedented. "The tailwinds we are experiencing in our business are enormous," he noted. "Customers are trying to accelerate and they want us to help them do it." Advertising is "red hot," and there is tremendous demand from that area, he added.
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APP | Hot Stocks18:33 EST AppLovin exec sells $17.6M in common stock - In a regulatory filing, AppLovin disclosed that its CTO Vasily Shikin sold 1.29M shares of common stock on November 28th in a total transaction size of $17.6M.
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CRM | Hot Stocks18:25 EST Salesforce CEO: Departure of co-CEO Bret Taylor 'a gut punch' - In an interview on CNBC's Mad Money, Marc Benioff said, "We do our best to bring up great talent, but sometimes they have to leave." He noted that the company is seeing "unprecedented" FX headwinds that were never anticipated. Salesforce closed a lot key transactions in the quarter. "We had big wins," he added.
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AMZN | Hot Stocks18:24 EST AWS, Slalom expand next-generation strategic collaboration - Amazon Web Services and Slalom announced a multiyear extension to the companies' global Strategic Collaboration Agreement. The two companies will work together to develop vertical solutions and accelerators on AWS for customers in the energy, financial services, healthcare, life sciences, public sector, and media and entertainment industries, delivering specialized end-to-end cloud migration and modernization services to help accelerate their cloud journeys. In addition to supporting accelerated growth in Slalom markets in the U.S., the United Kingdom, Canada, Australia, Germany, Japan, and New Zealand, AWS and Slalom in 2023 will jointly create go-to-market strategies and make co-investments in support of Slalom's continued expansion into Ireland and the Netherlands, followed by additional countries in Latin America, Asia Pacific, and through Europe over the next three years. As part of the agreement, AWS and Slalom are expanding upon their 2019 announced collaboration to deliver AWS Slalom Launch Centers that help enterprises accelerate their business transformations and modernize information technology services. Launch Centers provide customers with access to the unique combination of AWS Professional Services-a global team of AWS experts who help customers reach their desired outcomes with the cloud-and Slalom's expertise in business transformation, software engineering, and analytics capabilities. Over the last three years, more than 160 customers have migrated and modernized to AWS through their work with Launch Centers.
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VIRX | Hot Stocks18:15 EST Viracta reports Phase 1b/2 trial results for Nana-val in EBV+ tumors - Viracta Therapeutics reported preliminary dose-ranging data from the first two dose levels of the dose escalation part of the Phase 1b/2 study of Nana-val in patients with Epstein-Barr Virus-Positive - or EBV+ - recurrent/metastatic nasopharyngeal carcinoma - R/M NPC. The data are featured in an abstract accepted for a poster presentation at the European Society for Medical Oncology Immuno-Oncology Congress in Geneva, Switzerland, from December 7 - 9. The Phase 1b/2 trial's first two dose levels enrolled seven patients with EBV+ R/M NPC, six of whom were evaluable for response at the data cut-off date. Nana-val was well tolerated with no dose limiting toxicities reported. Most common Grade 1-2 AEs were fatigue, nausea, and increased creatinine. Two of six evaluable patients achieved stable disease. Plasma EBV DNA titers decreased or remained stable in both patients achieving SD, while rising in patients with progressive disease. The Phase 1b/2 trial is currently progressing through its third dose escalation cohort, with enrollment in the third dose level completed. Further safety data from the third dose level will be presented in the abstract's corresponding poster at ESMO-IO. The company anticipates initiating the Phase 2 randomized expansion portion of the Phase 1b/2 trial in the second half of 2023.
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AAPL TWTR | Hot Stocks18:10 EST Musk says Apple CEO never considered removing Twitter from App Store - Elon Musk tweeted that he had a "good conversation" with Apple (AAPL) CEO Tim Cook, saying the two "resolved the misunderstanding about Twitter (TWTR) potentially being removed from the App Store." "Tim was clear that Apple never considered doing so," Musk added. Reference Link
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OCX | Hot Stocks18:01 EST OncoCyte CEO Ronnie Andrews to step down, Joshua Riggs named interim CEO - Oncocyte announced that Ronnie Andrews will step down from his role as CEO and as a director of the company's board of directors effective December 1. In order to ensure a smooth transition effective as of December 2, Joshua Riggs will serve as interim CEO until such time as a new CEO has been identified and retained and Andrews will continue to act a consultant until February 28, 2023. Riggs, who has been Oncocyte's General Manager, Transplant since July 2022 and was the company's Senior Director Business Development from August 2020 until September 2022, is a seasoned business development strategist with significant experience working with early and growth-stage molecular diagnostics companies. From January 2016 to July 2020, he was a principal at Bethesda Group, LLC, a boutique consulting group focused on helping small and mid-stage diagnostic companies and investment groups move emerging diagnostic content and platforms to market.
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LLY | Hot Stocks18:01 EST Eli Lilly says donanemab met all primary, secondary endpoints in Phase 3 study - Eli Lilly and Company announced that donanemab met all primary and secondary endpoints for the 6-month primary outcome analysis in the Phase 3 TRAILBLAZER-ALZ 4 study, providing the first active comparator data on amyloid plaque clearance in patients with early symptomatic Alzheimer's disease treated with amyloid-targeting therapies. These data comparing donanemab to Aduhelm to assess superiority on amyloid plaque reduction were shared at the 15th Clinical Trials on Alzheimer's Disease conference. Donanemab is an investigational antibody that targets a modified form of beta amyloid plaque called N3pG. Through the FDA's accelerated approval pathway, the FDA has recognized that the reduction of amyloid beta plaque is a biomarker reasonably likely to predict clinical benefit in the treatment of early Alzheimer's disease. Through the FDA's accelerated approval pathway, the FDA has recognized that the reduction of amyloid beta plaque is a biomarker reasonably likely to predict clinical benefit in the treatment of early Alzheimer's disease. "The purpose of this first ever active comparator trial of amyloid lowering agents was to answer important questions about potential differences in amyloid plaque reduction," said Mark Mintun, M.D., group vice president of pain and neurodegeneration research and development, Eli Lilly and Company. "These data reinforce our confidence in donanemab's unique mechanism of action based on reductions in key biomarkers of Alzheimer's disease, amyloid plaque and plasma phosphorylated tau (P-tau). Importantly, this was also the first study to obtain ARIA rates side by side using identical methods for ARIA assessment in the same patient population, demonstrating the ability to disconnect rate of plaque clearance from rate of ARIA incidence."
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SHLS | Hot Stocks17:34 EST Shoals Technologies falls 9% to $26.24 after 20M share Class A stock offering
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OFIX SPNE | Hot Stocks17:32 EST Orthofix confirms $23.00 per share cash buyout offer from PE funds - In a regulatory filing, Orthofix Medical (OFIX) announced that it received an unsolicited, non-binding indication of interest from two private equity fund sponsors to acquire all of the outstanding equity of Orthofix for $23.00 per share in cash. The non-binding indication of interest was subject to, among other things, the completion of due diligence, to the sole satisfaction of the sponsors, the arranging of debt financing to fund the purchase price, the completion of unspecified regulatory approvals, and internal approvals by the investment committees of the sponsors. As previously announced, Orthofix has entered into a definitive merger agreement with SeaSpine Holdings (SPNE) to combine in an all-stock transaction, pursuant to which, at the close of the transaction, Orthofix stockholders will own approximately 56.5% of the combined business, and SeaSpine stockholders will own approximately 43.5% of the combined business. The transaction is expected to close early in the first quarter of 2023, subject to Orthofix and SeaSpine stockholder approvals and other customary closing conditions. The Orthofix board engaged in a comprehensive and thorough review and evaluation of the indication of interest Orthofix received, in consultation with legal and financial advisers. Following such review and evaluation, the Orthofix board unanimously determined that the SeaSpine merger transaction continues to be in the best interests of Orthofix and its stockholders. The Orthofix board further unanimously determined that it is unable to conclude that the indication of interest is reasonably likely to lead to a superior proposal under the terms of Orthofix's merger agreement with SeaSpine. The Orthofix board reaffirms to stockholders its recommendation in favor of the SeaSpine merger transaction and remains fully committed to completing the transaction with SeaSpine. A special meeting of Orthofix stockholders has been scheduled for January 4, 2023 to vote on a proposal to approve the issuance of Orthofix common stock in the proposed SeaSpine merger transaction.
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AMPI | Hot Stocks17:31 EST Advanced Merger Partners to redeem public shares and cancel business combination - Advanced Merger Partners will redeem all of its outstanding shares of Class A common stock, effective as of December 15, if stockholders approve a proposed amendment to its Amended and Restated Certificate of Incorporation and a proposed amendment to its investment management trust agreement dated March 1, 2021, with Continental Stock Transfer & Trust, at the special meeting to be held on December 14. There can be no assurance that the company's stockholders will approve the Early Termination Proposals and that the company will redeem the public shares. Currently, the company's Charter provides that it has until March 4, 2023 to complete its initial business combination and, if it does not complete an initial business combination by March 4, 2023, it will cease all operations except for the purpose of winding up, as promptly as possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders' rights as stockholders, and as promptly as reasonably possible following such redemption, liquidate and dissolve, subject in to applicable law. Holders of public shares may elect to redeem all or a portion of their public shares in exchange for their pro rata portion of the funds held in the trust account. The company expects to complete the Voluntary Redemption on or around December 14 if stockholders approve the Early Termination Proposals. The per-share redemption price for the public shares is expected to be approximately $10.08 on the Redemption Date. There will be no redemption rights or liquidating distributions with respect to the Company's warrants, which will expire worthless. The company expects that the last day of trading of its units and Class A common stock on the NYSE will be December 14, following which, the company expects that the NYSE will delist its securities on or about December 15.
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LMT | Hot Stocks17:29 EST Lockheed Martin awarded $139.69M Missile Defense Agency contract modification - Lockheed Martin was awarded a $139.69M modification to previously awarded contract under Foreign Military Sales, or FMS, Case JA-P-NCO. This modification includes cost-plus-incentive-fee and firm-fixed-price contract line items. The total value of the contract is increased from $415.5M to $555.19M. Under this modification, the contractor will purchase required end items and associated materials, and continue performance on development, program management, engineering, logistics, and radar integration. Work will be performed in Moorestown, New Jersey. The period of performance for this action is from December 1 through February 28, 2023. Case JA-P-NCO funds in the amount of $139.58M using FY23 funds are being obligated at the time of award. The Missile Defense Agency is the contracting activity.
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AJRD | Hot Stocks17:27 EST Aerojet Rocketdyne awarded $239.68M Missile Defense Agency contract - Aerojet Rocketdyne was awarded a $239.68M modification to a previously awarded contract to exercise an option and award Medium Range Ballistic Missile Type 1/Type 2 Lot 3. The value of this contract is increased from $839.09M to $1.08B. Under this modification, the contractor will provide Option CLIN 0082 program management office support for calendar year 2023 and six launch vehicles and 6 Enhanced Solid Rocket-19 motors. The work will be performed in Orlando and Cape Canaveral Space Force Station, Florida. The performance period is from November 30, through October 31, 2029. FY23 research, development, test and evaluation funds in the amount of $7.9M are being obligated on this award. The Missile Defense Agency is the contracting activity.
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RTX | Hot Stocks17:25 EST Raytheon Technologies awarded $1.22B Army contract - Raytheon was awarded a $1.22B firm-fixed-price contract for the procurement of National Advanced Surface-to-Air Missile Systems, associated equipment, services and spares in support of the efforts in Ukraine. Bids were solicited via the internet with one received. Work has an estimated completion date of November 28, 2025. FY23 Ukraine Security Assistance Initiative funds in the amount of $1.22B were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
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RGR | Hot Stocks17:10 EST Sturm Ruger declares special dividend of $5.00 per share - Dividend is effective for stockholders of record as of December 15, 2022, payable on January 5, 2023.
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FREY | Hot Stocks17:08 EST Freyr Battery falls 13% to $11.92 after 13.5M share common stock offering
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ATNF | Hot Stocks17:02 EST 180 Life Sciences updates on progress to seek medicines for RIDD - The company states: "180 Life Sciences announced that the Company and its regulatory consultants from the US and the UK, met with the UK Medicines and Healthcare products Regulatory Agency scientific advice committee for the second time on October 31, 2022. The Company provided additional data to MHRA concerning the use of nodule size and hardness as surrogate markers relating to eventual finger contraction in Dupuytren's disease, and raised a series of questions to MHRA. On November 23, 2022, the Company received formal written scientific advice regarding such matters. The MHRA reviewed the primary and secondary endpoints in the Repurposing Anti-TNF for Treating Dupuytren's Disease, RIDD, trial and the data provided by the Company. They noted that it has not been shown that reducing nodule size via treatment would lead to improvements in terms of disease progression, which the Company understands, and requested support for a correlation with clinical outcomes. The MHRA also asked for additional literature supporting the clinical safety of adalimumab from other approved indications such as rheumatoid arthritis. The Company plans to provide further information to the MHRA to address its comments."
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JNJ | Hot Stocks17:01 EST Johnson & Johnson names CEO Joaquin Duato as Chairman of the Board - Johnson & Johnson announced that its Board of Directors has elected CEO Joaquin Duato, to assume the additional position of Chairman, effective in January 2023. Duato succeeds Alex Gorsky, who will step down from his role as Executive Chairman following a brief transitional period. Duato has served as Johnson & Johnson's CEO and a member of the Board of Directors since January 3, 2022. Prior to that time, he held senior leadership positions over his 30-plus year career with the company across multiple business sectors, geographics and functions.
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OCFT | Hot Stocks17:00 EST OneConnect changing ADS ratio to 30 per ordinary share - OneConnect will change the ratio of its ADSs representing its ordinary shares from one ADS representing three ordinary shares to one ADS representing 30 ordinary shares. The ratio change will take effect at the open of trading of the NYSE on December 12, 2022. For OneConnect's ADS holders, the change in the ADS ratio will have the same effect as a one-for-ten reverse ADS split. There will be no change to the company's ordinary shares. ADSs outstanding on the effective date will need to be exchanged for new ADSs, with every 10 existing ADSs being cancelled in exchange for the issuance of one new ADS by the depositary bank as of the effective date for the Ratio Change. OneConnect's ADSs will continue to be traded on the NYSE under the symbol "OCFT". Fractional entitlements to new ADSs will be sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements will be distributed to the applicable ADS holders.
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BXRX | Hot Stocks16:51 EST Baudax Bio announces 1-for-40 reverse stock split - Baudax Bio "announced that the Company's Board of Directors has approved a 1-for-40 reverse stock split of its common shares. The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on December 1, 2022 and the Company's common stock will open for trading on The Nasdaq Capital Market on a post-split basis under the Company's existing trading symbol "BXRX". Baudax Bio expects that the Reverse Stock Split, which was approved by shareholders at a special shareholder meeting on November 3, 2022, will increase the market price per share of the Company's common stock, bringing the Company into compliance with listing requirements of the $1.00 minimum bid price requirement by The Nasdaq Capital Market."
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ATTO | Hot Stocks16:49 EST Atento CEO Carlos Lopez-Abadia to switch roles, Dimitrius Oliveira to succeed - Atento announced that its board of directors has appointed Dimitrius Oliveira as CEO and Anil Bhalla as executive chairman. Oliveira has also been appointed as a member of the board of directors of the company. Dimitrius previously was Atento's South America Regional Director. Dimitrius succeeds Carlos Lopez-Abadia who will continue working with Atento as an advisor. The company has appointed Anil Bhalla as executive chairman to lead strategic initiatives and specific growth objectives. Robert Payne will step down as chairman of the board of directors and continue to provide his support and guidance as non-executive director.
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IXHL | Hot Stocks16:45 EST IXHL Stock trading halted, news pending
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PVH | Hot Stocks16:42 EST PVH Corp. jumps 9% to $73.38 after Q3 earnings beat, guidance raise
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CGA | Hot Stocks16:39 EST China Green receives NYSE notice regarding late 10-Q filing - China Green Agriculture, announced that, as a result of its failure to file its Quarterly Report on Form 10-Q for the period ended September 3 n a timely fashion, it has received a notice from the New York Stock Exchange that the Company was not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual.
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CRM | Hot Stocks16:37 EST Salesforce falls 7% to $150 after Q3 results, resignation of co-CEO Bret Taylor
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ESTC | Hot Stocks16:36 EST Elastic falls 15% to $52.18 after Q2 results and guidance
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CFMS | Hot Stocks16:35 EST Conformis regains compliance with Nasdaq - Conformis announced that it received a letter from the Listing Qualifications Department of Nasdaq Stock Market notifying Conformis that, based on the closing bid price of Conformis' common stock having been $1.00 per share or greater on each of the trading days from November 10 to November 23, Conformis has regained compliance with Nasdaq Listing Rule 5550 and the minimum bid price deficiency matter previously disclosed by Conformis is now closed.
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GLG | Hot Stocks16:33 EST TD Holdings CEO acquires 10M common shares - In a regulatory filing, TD Holdings CEO Renmei Ouyang disclosed the purchase of 10M common shares of the company on November 28 at a price of $1.15 per share.
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GSIT | Hot Stocks16:33 EST GSI Technology announces implementation of cost reduction initiatives - GSI Technology, announced the implementation of cost reduction initiatives to better align its operational structure with its near-term and long term goals for APU products currently under development.GSI aims to reduce its operating expenses by approximately $7.0 million on an annualized basis, primarily from salary reductions related to reduced headcount and salary decreases for certain retained employees, as well as targeted reductions in research and development spending. These strategic cost reduction measures are expected to enable GSI to better focus its operational resources on advancing its proprietary APU technology. "GSI's goal with these cost reduction initiatives is to scale our operations more appropriately and target investments more precisely to increase our efficiency," stated Lee-Lean Shu, GSI Technology Chairman and Chief Executive Officer. "The launch of Gemini-I and continued development of Gemini-II remain our primary priorities while supporting the essential operations of our legacy SRAM business, including our radiation-hardened and radiation-tolerant SRAM products." None of the Gemini-II chip development and core APU software development, including the APU compiler, will be affected by the reduction in R&D spending, and the APU marketing, sales, and APU engineering efforts will retain priority in the budget. The planned spending reductions will not impact the launch of Gemini-I in target markets, including SAR, search, and SaaS. The cost reduction initiative is expected to be completed by March 31, 2023 and will result in an approximate 15% decrease in GSI's global workforce. GSI expects to incur approximately $850,000 in termination costs, including the payout of accrued vacation, which will require cash expenditures, most of which are expected to be incurred in the current fiscal year.
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INVA | Hot Stocks16:33 EST Innoviva announces FDA acceptance and priority review of NDA for SUL-DUR - The company states: "Innoviva announced that the U.S. Food and Drug Administration has accepted for Priority Review the new drug application for SUL-DUR, an investigational drug for the treatment of infections caused by Acinetobacter baumannii-calcoaceticus complex, including multi-drug resistant and carbapenem-resistant strains. The Agency is currently planning to hold an advisory committee meeting to discuss this application. The target PDUFA date is May 29, 2023. The NDA submission is based on results from the landmark Phase 3 ATTACK trial evaluating the safety and efficacy of SUL-DUR versus colistin in patients with infections caused by ABC. In the trial, SUL-DUR demonstrated statistical non-inferiority versus colistin for the primary end point of 28-day all-cause mortality in patients with carbapenem-resistant ABC infections and a significant difference in clinical cure rates. SUL-DUR also exhibited a favorable safety profile with statistically significant reduction in nephrotoxicity."
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RKDA | Hot Stocks16:32 EST Arcadia Biosciences CFO Pam Haley stepping down, Thomas Schaefer to succeed - Arcadia Biosciences CFO Pam Haley will be leaving the company and will be replaced by Thomas Schaefer, effective January 3, 2023. Schaefer is currently Arcadia's VP of finance and investor relations. Haley will remain in an advisory role to support the transition. Schaefer began his career as an equity research analyst and later joined a Fortune 500 company. He later served as director of finance at Flavor Producers, a portfolio company owned by private equity firm GTCR that specialized in beverages and snacks, before joining Arcadia in 2020.
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WW | Hot Stocks16:31 EST WW announces departure of CFO Amy O'Keefe - WW International announced that Amy O'Keefe will be leaving her role as CFO effective December 2, and will remain employed by the company until December 31 to support the Finance team for the remainder of the year. Heather Stark will assume the role of interim Principal Financial Officer. Stark has been with WeightWatchers for 12 years, most recently as Head of North American Finance. As the company optimizes for profitable growth and becoming a more tech-centric organization, WeightWatchers also announced two key leadership appointments: Tiffany Stevenson as Chief People Officer and David Cohen as Chief Data Officer.
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BY | Hot Stocks16:31 EST Byline Bancorp, Inland Bancorp announce definitive merger agreement - Byline Bancorp and Inland Bancorp, Inc. jointly announced that they have entered into a definitive merger agreement pursuant to which Inland Bancorp and its wholly owned subsidiary, Inland Bank and Trust, will combine with Byline Bancorp, Inc. in a cash and stock transaction valued at approximately $165M based upon Byline's closing stock price as of November 29, 2022. The transaction will solidify Byline's position as Chicago's largest community bank with assets under $10B. It will also expand Byline's footprint into other attractive and contiguous suburban Chicago communities. The combined organization will have approximately $8.5B in assets, $6.2B in loans and $6.6B in deposits, with 47 branches across the greater Chicago metropolitan area. Inland Bancorp, Inc., the parent company of Inland Bank and Trust, is headquartered in Oak Brook, Illinois and had total assets of $1.2B, total loans of $854M and total deposits of $1B as of September 30, 2022. Serving its communities for over 40 years, Inland Bank and Trust offers commercial and retail banking services, with 10 branch locations primarily in the western and northern suburbs of Chicago. Roberto Herencia, Executive Chairman and Chief Executive Officer of Byline Bancorp, Inc., stated, "Inland Bank and Trust is a well-established and trusted financial institution with deep client and community relationships, which we look forward to continuing. Joining forces with Inland Bancorp brings to all of our customers an expanded footprint across Chicago. We are very excited to welcome Inland Bancorp customers and colleagues to Byline."
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NTNX | Hot Stocks16:30 EST Nutanix reports Q1 ACV up 27% y/y at $231.9M - Reports Q1 ARR up 34% y/y at $1.28B
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NTNX | Hot Stocks16:30 EST Nutanix reports A1 ACV up 27% y/y at $231.9M - Reports Q1 ARR up 34% y/y at $1.28B
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COST | Hot Stocks16:28 EST Costco November total SSS ex gas and FX rose 5.3% - Costco November total SSS ex gas Prices and FX rose 5.3%
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COST | Hot Stocks16:26 EST Costco reports November revenue $19.17B, Q1 SSS up 6.6% - Costco 1Q SSS rose 6.6% . Reports Q1 revenue $53.44B, consensus $54.9B.
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AUPH | Hot Stocks16:24 EST Aurinia announces U.K. marketing authorization of Lupkynis - Aurinia Pharmaceuticals announced that the U.K. Medicines and Healthcare products Regulatory Agency has granted the Great Britain marketing authorization of LUPKYNIS to treat adults with active lupus nephritis, a serious complication of systemic lupus erythematosus. "The MHRA authorization of LUPKYNIS for individuals with lupus nephritis in Great Britain, on the heels of the marketing authorization in the EU, further expands the availability of LUPKYNIS as a treatment option for people with lupus nephritis," said Peter Greenleaf, President and Chief Executive Officer, Aurinia. "Otsuka has been a valued partner in these efforts, and we are pleased to work with them to reach new patients."
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LZB | Hot Stocks16:22 EST La-Z-Boy increases quarterly dividend 10% - The board declared a quarterly cash dividend of 18.15c per share on the common stock of the company, an increase of 10% over the prior quarter. The dividend will be paid on December 20, 2022, to shareholders of record on December 12, 2022.
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PVH GIII | Hot Stocks16:21 EST PVH Corp. extends licenses with G-III Apparel - PVH Corp. (PVH) announced it has extended most of its license agreements with G-III Apparel Group (GIII) for Calvin Klein and TOMMY HILFIGER in U.S. and Canada, largely pertaining to the women's North America wholesale business. Both the Calvin Klein and TOMMY HILFIGER agreements will now have staggered expirations from 2025 through 2027. The arrangement will allow for a smooth transition of core product categories back to PVH at the end of the extended terms. PVH intends to work in close partnership with G-III over the next several years to ensure an uninterrupted and responsible transition for consumers and wholesale partners for both brands. Stefan Larsson, Chief Executive Officer, PVH Corp., commented: "This action is an important next step as part of the PVH+ Plan, PVH's multi-year strategic growth plan, to unlock the full potential of our two iconic brands in the North America market. By bringing these core product categories in-house over time, we will be able to draw on the power and expertise of our global brand teams and have them fully connected to the demand driven supply chain we are developing. We are grateful to G-III for their partnership and long-term commitment to Calvin Klein and TOMMY HILFIGER in North America."
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GE GEHC | Hot Stocks16:20 EST General Electric board approves separation of GE HealthCare - General Electric announced that its board of directors has approved the previously announced spin-off of its healthcare business, GE Healthcare Holding LLC. Prior to such spin-off, GE HealthCare is expected to be converted into a corporation and renamed GE HealthCare Technologies Inc. The company is expected to begin trading on Nasdaq on January 4, 2023, under the ticker "GEHC."
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IMGO | Hot Stocks16:19 EST Imago BioSciences says 1st patient dosed in bomedemstat combo study for AML - Imago BioSciences announced that the first participant has been dosed in an investigator-sponsored Phase 1 study of bomedemstat, an investigational oral lysine-specific demethylase inhibitor, in combination with venetoclax, Venclexa in patients with relapsed or refractory acute myeloid leukemia AML. Venetoclax is a BCL-2 inhibitor approved by the U.S. Food and Drug Administration for treatment of several hematologic cancers, including in combination with azacytidine for elderly patients with AML unable to tolerate the standard of care The Phase 1 open-label study is being conducted at the University of Miami, led by Terrence J. Bradley, M.D. It will enroll approximately 18 adult participants diagnosed with AML who have failed at least one standard, front-line therapy and will assess the safety and efficacy of bomedemstat in combination with venetoclax , VenBom therapy,. This combination regimen consists of once daily, oral administration of both bomedemstat and venetoclax. Participants will receive three cycles of the treatment, and may continue to receive treatment as long as they experience clinical benefit or until disease progression. "This study is the first clinical study grounded on the pre-clinical work by Dr. Sheng Cai demonstrating that this combination had the potential to offer a unique benefit to patients with AML who have limited treatment options," said Hugh Young Rienhoff, Jr., M.D., Chief Executive Officer of Imago BioSciences. "We are very pleased that such an experienced team as that at the University of Miami has initiated this trial."
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GE | Hot Stocks16:18 EST General Electric board approves separation of GE HealthCare - General Electric "announced that its Board of Directors has approved the previously announced spin-off of its healthcare business, GE Healthcare Holding LLC. Prior to such spin-off, GE HealthCare is expected to be converted into a corporation and renamed GE HealthCare Technologies Inc. The company is expected to begin trading on Nasdaq on January 4, 2023, under the ticker 'GEHC'."
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UHT | Hot Stocks16:16 EST Universal Health Realty raises quarterly dividend - Universal Health Realty Income Trust announced that its Board of Trustees voted to increase the quarterly dividend by $.005 and pay a dividend of 71.5c per share on December 30 to shareholders of record as of December 16.
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ASYS | Hot Stocks16:16 EST Amtech Systems announces 'large repeat order' for EV modules - Amtech Systems "announced the receipt of an order for 20 controlled atmosphere furnaces for production of Direct Bond Copper substrates. The repeat order was received by Amtech division, BTU International, for 20 controlled atmosphere furnaces for delivery starting in the second half of fiscal 2023. These continuous furnaces will be used for the volume production of DBC substrates, a process which requires extreme control of thermal uniformity and oxidation atmosphere. The furnaces will be produced at BTU's factory in the USA and shipped to customer locations in Asia. The DBC substrates produced by these furnaces will be used for power device modules intended for electric vehicles".
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ZETA | Hot Stocks16:12 EST Zeta Global announces record results for ZMP - Zeta Global "announced record-setting results for its Zeta Marketing Platform, ZMP. Leading up to the kick-off of this holiday season, the uncertainty around today's inflationary economy and signals of a pullback in consumer spending had concerned marketers, who are currently challenged with achieving more with less resources. In fact, according to a Zeta survey from October 2022, nearly 60% of consumers indicated that Black Friday and Cyber Monday were not going to be a major influence on their purchasing behavior this year. However, with the dust from this holiday weekend all but settled, the allure of Black Friday and Cyber Monday marketing campaigns have proven to still be a powerfully effective way for retail brands to acquire, grow, and retain customers. According to the National Retail Federation, the Thanksgiving holiday weekend drew a record 196.7 million shoppers, which grew by nearly 17 million from 2021 and is the highest figure over a 5-year period. This sharp increase resulted from higher product prices, higher consumer spending thresholds than previously indicated, and ultimately more efficient and effective digital marketing. This was evidenced by record levels of activity within the ZMP from Thanksgiving weekend (November 24 - 28, 2022), with brands continuing to place an emphasis on individualized marketing experiences powered by consumer identity and intent to reach their holiday sales goals. This year, the ZMP is reporting: +8% YoY increase in consumer digital consumption on Black Friday; 3x higher open rates YoY from customer email campaigns; +67% YoY increase in omnichannel digital messages served; +194% YoY increase in unique open rates for email campaigns; +45% YoY increase in unique click rates; +64% YoY increase in ad impressions served to online shoppers."
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SHLS | Hot Stocks16:10 EST Shoals Technologies CEO Jason Whitaker to step down - Shoals Technologies announced that its CEO, Jason Whitaker, has informed the board of directors that he intends to step down from his role as CEO for health reasons in early 2023. Whitaker will remain with the company in an advisory role until mid-March 2023. Brad Forth, chairman of the board of Shoals, is leading the board search for a new CEO, with the assistance of executive search firm Spencer Stuart. Whitaker expects to continue serving on the board during this transition period.
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EDAP | Hot Stocks16:09 EST French regulators approve EDAP HIFU, study for rectal endometriosis - EDAP announced that the Company has received approval from French authorities to initiate a Phase 3 randomized, controlled clinical trial evaluating Focal One high intensity focused ultrasound, HIFU, as a potential treatment for rectal deep infiltrating endometriosis. "The study will enroll 60 subjects across eight centers in France, with 30 subjects randomized to each group. The primary efficacy endpoint is acute pelvic pain three months post procedure. At the conclusion of the study, subjects in the other group will be offered HIFU treatment. We look forward to initiating enrollment in this important study in the second quarter of next year." This will be EDAP's third study evaluating Focal One HIFU for endometriosis. The Company recently completed a Phase 2 study evaluating HIFU as a potential treatment for deep infiltrating endometriosis. The Phase 2 study enrolled 60 subjects across four centers in France. Data from this study is currently being analyzed with the anticipation of the final results on safety and efficacy l being presented at a medical meeting in early 2023.
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CRM | Hot Stocks16:09 EST Salesforce's Bret Taylor to step down as Vice Chair and co-CEO - Salesforce "announced that Bret Taylor will step down as Vice Chair and Co-CEO of Salesforce, effective January 31, 2023. At that point, Marc Benioff will be Chair and CEO of the company."
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SNOW | Hot Stocks16:09 EST Snowflake raises FY23 product revenue view to $1.92B-$1.924B - Previous view $1.905B-$1.915B.
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FIVE | Hot Stocks16:08 EST Five Below sees FY22 comparable sales down 2%-3%
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SNOW | Hot Stocks16:08 EST Snowflake sees Q4 product revenue $535M-$540M
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FIVE | Hot Stocks16:08 EST Five Below sees Q4 comparable sales down 1% to up 1%
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FIVE | Hot Stocks16:08 EST Five Below reports Q3 comparable sales down 2.7%
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NCNO | Hot Stocks16:05 EST Bank of New Zealand selects nCino Bank Operating System as key platform - nCino announced that the Bank of New Zealand or BNZ, has selected the nCino Bank Operating System as a key technology platform. nCino's single cloud-based platform enables financial institutions to more effectively onboard clients, make loans, manage loan life cycles, and open deposit and other accounts across lines of business and banking channels. Mark Bernhardi, Managing Director of Australia, and New Zealand at nCino says, "Now, more than ever, financial institutions require an end-to-end digital and customer-centric platform approach in order to meet the increasing and changing expectations of their customers at speed. We look forward to partnering with BNZ on this journey." With more than $100B NZD in assets or $56.2B, BNZ has operated in New Zealand since opening its first office in Auckland in October 1861. The bank employs over 5,000 people in New Zealand. BNZ Executive Customer, Products, and Services, Karna Luke says, "Our customers have high expectations, and BNZ is continually seeking improvements to our exceptional customer experience delivery through careful investment in digital capabilities and operational excellence."
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TRIP | Hot Stocks16:05 EST TripAdvisor says Kanika Soni to leave position as Chief Commercial Officer - In a regulatory filing, TripAdvisor disclosed that on November 28, the company and Kanika Soni agreed that Ms. Soni will leave her position as Chief Commercial Officer of the company, effective January 15, 2023. During the period from January 16, 2023 through April 1, 2023, Ms. Soni will serve as an advisor to the company's Chief Executive Officer working on such projects as determined by him, the filing noted.
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BSY | Hot Stocks16:02 EST Bentley Systems' Cohesive Group acquires Vetasi - Bentley Systems announced that its Cohesive Group digital integrator business has acquired Vetasi, a leading international consultancy specializing in enterprise asset management solutions, with a strong focus on IBM Maximo. The company states that "Vetasi brings to Cohesive the largest IBM Maximo consultancy team across Europe, Africa, and ASEAN countries, with headquarters in the United Kingdom and operations based in Poland, Indonesia, South Africa, Spain, Ukraine, and Australia. In addition to EAM resources, Vetasi deepens the Cohesive team with additional strategic advisory capabilities and adds to the Cohesive services catalog Maximo cloud hosting capabilities, expertise in low-code development, and strong real estate and facilities management domain knowledge. By virtue of the combination with Cohesive, Vetasi's clients can benefit from the multidiscipline scope of a world-leading digital integrator, combining greater global scale with local agility to leverage more value from their asset portfolios."
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COFS | Hot Stocks16:01 EST ChoiceOne Financial raises quarterly cash dividend 4% to 26c per share - The cash dividend is payable to shareholders of record as of December 15 and will be paid on December 30.
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LLY ABCL | Hot Stocks15:30 EST FDA announces bebtelovimab not currently authorized in any U.S. region - The FDA announced that bebtelovimab is not currently authorized for emergency use in the U.S. because it is not expected to neutralize Omicron subvariants BQ.1 and BQ.1.1. "Given that a COVID-19 infection is likely to be caused by a non-susceptible SARS-CoV-2 variant, and consistent with the terms and conditions of the Letter of Authorization, bebtelovimab is not currently authorized for emergency use in any U.S. region at this time," the FDA stated. Eli Lilly and its authorized distributors have paused commercial distribution of bebtelovimab until further notice by the Agency, the FDA stated. The U.S. Government recommends all product be retained in the event that SARS-CoV-2 variants susceptible to bebtelovimab, which are currently circulating at lower prevalence, become more prevalent in the future in the United States, the Agency added. Reference Link
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GRRR | Hot Stocks15:21 EST Gorilla Technology Group Inc trading resumes
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GRRR | Hot Stocks15:16 EST Gorilla Technology Group Inc trading halted, volatility trading pause
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PBF PBFX | Hot Stocks14:52 EST PBF Energy completes acquisition of PBF Logistics - PBF Energy (PBF) and PBF Logistics LP (PBFX) announced the completion of the transactions contemplated by the previously announced agreement and plan of merger, pursuant to which PBF Energy acquired all of the common units representing limited partner interests in PBF Logistics not already owned by PBF Energy and its subsidiaries for a combination of 0.270 of a share of PBF Energy Class A common stock and $9.25 in cash, without interest, per PBFX Public Common Unit. At a special meeting of holders of PBFX Common Units held earlier today, approximately 42,541,772, or 67.8%, of the issued and outstanding PBFX Common Units voted to approve the merger proposal. The merger of PBF Logistics with a subsidiary of PBF Energy became effective upon the filing of the certificate of merger with the Secretary of State of the State of Delaware, which occurred today. As a result of the transaction, PBFX Common Units will no longer be listed on the New York Stock Exchange, and it will cease to be a publicly traded company. Tom Nimbley, PBF Energy's and PBF Logistics' Chairman and CEO, said, "On behalf of the Boards of Directors and management team, we thank unitholders for their support in completing this significant milestone. We are excited to complete the transaction today and look forward to the continued success of the combined company."
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ABCL LLY | Hot Stocks14:51 EST AbCellera down 7% after FDA announces bebtelovimab not authorized in U.S. - Shares of AbCellera (ABCL) are down 87c, or 7%, to $12.49 after the FDA announced that bebtelovimab is not currently authorized for emergency use in the U.S. because it is not expected to neutralize Omicron subvariants BQ.1 and BQ.1.1. Eli Lilly (LLY) and its authorized distributors have paused commercial distribution of bebtelovimab until further notice by the Agency, the FDA stated.
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LLY | Hot Stocks14:48 EST FDA announces bebtelovimab not currently authorized in any U.S. region - The FDA announced that bebtelovimab is not currently authorized for emergency use in the U.S. because it is not expected to neutralize Omicron subvariants BQ.1 and BQ.1.1. Eli Lilly and its authorized distributors have paused commercial distribution of bebtelovimab until further notice by the Agency, the FDA stated.
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EBF | Hot Stocks14:45 EST Ennis acquires School Photo Marketing, terms not disclosed - Ennis announced its acquisition of School Photo Marketing in Morganville, New Jersey. School Photo Marketing provides printing, yearbook publishing and marketing-related services to over 1,400 school and sports photographers servicing schools around the country. Keith Walters, Chairman, President & CEO of the Company stated, "We are delighted to have the opportunity to bring School Photo Marketing, their employees, and their customers into the Ennis family. This addition brings with it many exciting possibilities to service this new channel with products produced through Ennis manufacturing operations." Upon closing, operations will continue to operate as School Photo Marketing in their current locations.
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BSGM | Hot Stocks14:39 EST BioSig Technologies terminates ATM sales agreement - In a regulatory filing, BioSig Technologies stated that, as previously disclosed, on May 17, the company entered into an ATM sales agreement with Virtu Americas LLC to act as the company's sales agent or principal with respect to the issuance and sale of up to $10M of the company's shares of common stock from time to time in an at-the-market public offering. On November 30, the company delivered written notice to the agent to terminate the sales agreement, effective December 1, the filing stated. The company is not subject to any termination penalties related to the termination of the sales agreement. Prior to termination, approximately $7.8M in shares of common stock remained available for sale under the agreement, the filing noted.
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AMZN | Hot Stocks14:21 EST AWS announces new Amazon SageMaker capabilities - At AWS re:Invent, Amazon Web Services, an Amazon.com company, announced eight new capabilities for Amazon SageMaker, its end-to-end machine learning service. "Developers, data scientists, and business analysts use Amazon SageMaker to build, train, and deploy ML models quickly and easily using its fully managed infrastructure, tools, and workflows. As customers continue to innovate using ML, they are creating more models than ever before and need advanced capabilities to efficiently manage model development, usage, and performance. Today's announcement includes new Amazon SageMaker governance capabilities that provide visibility into model performance throughout the ML lifecycle. New Amazon SageMaker Studio Notebook capabilities provide an enhanced notebook experience that enables customers to inspect and address data-quality issues in just a few clicks, facilitate real-time collaboration across data science teams, and accelerate the process of going from experimentation to production by converting notebook code into automated jobs. Finally, new capabilities within Amazon SageMaker automate model validation and make it easier to work with geospatial data," AWS stated.
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PLD | Hot Stocks13:52 EST Director of Prologis O'Connor buys over $1M in company shares - Prologis Director David O'Connor disclosed in a regulatory filing that he had purchased 9,000 shares of company stock $114.13 per share on November 28, for a total transaction amount of $1,027,170.
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CNI... | Hot Stocks13:08 EST North American rail traffic up 2.4% for the week ending November 26 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending November 26. For this week, total U.S. weekly rail traffic was 413,305 carloads and intermodal units, down 4.1% compared with the same week last year. Total carloads for the week ending November 26 were 206,792 carloads, down 1.1% compared with the same week in 2021, while U.S. weekly intermodal volume was 206,513 containers and trailers, down 6.9% compared to 2021. Four of the 10 carload commodity groups posted an increase compared with the same week in 2021.They included miscellaneous carloads, up 4,015 carloads, to 10,410; motor vehicles and parts, up 1,516 carloads, to 12,199; and metallic ores and metals, up 299 carloads, to 18,552. Commodity groups that posted decreases compared with the same week in 2021 included grain, down 3,354 carloads, to 20,261; coal, down 2,211 carloads, to 61,740; and chemicals, down 1,854 carloads, to 28,184. North American rail volume for the week ending November 26, on 12 reporting U.S., Canadian and Mexican railroads totaled 311,026 carloads, up 4.4% compared with the same week last year, and 283,638 intermodal units, up 0.3% compared with last year. Total combined weekly rail traffic in North America was 594,664 carloads and intermodal units, up 2.4%. . North American rail volume for the first 47 weeks of 2022 was 31,825,338 carloads and intermodal units, down 1.9% compared with 2021. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), FreightCar America (RAIL), Trinity Industries (TRN), Greenbrier (GBX) and Wabtec (WAB). Reference Link
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FE | Hot Stocks12:59 EST FirstEnergy building new transmission line in northeast Ohio - American Transmission Systems, a subsidiary of FirstEnergy, is constructing a new high-voltage transmission line in Lorain County, Ohio, that will enhance service reliability for approximately 28,000 customers, the company said in a statement. The 138-kilovolt transmission line, built alongside existing power lines, extends from a substation in the city of Lorain to a substation in Wellington Township and will improve service for customers in the Wellington, Carlisle, Homer and Seville areas. The $24.7M project includes installation of seven miles of new power line along the route and the reconfiguration of 20 miles of existing transmission line.
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TWTR | Hot Stocks12:57 EST Twitter says transparent approach to platform changes 'healthy' - Twitter said in a blog post that it is a "new company embarking on a new chapter," calling the new strategy under owner Elon Musk "Twitter 2.0." "As you've seen over the past several weeks, Twitter is embracing public testing," the post reads. "We believe that this open and transparent approach to innovation is healthy, as it enables us to move faster and gather user feedback in real-time. We believe that a service of this importance will benefit from feedback at scale, and that there is value in being open about our experiments and what we are learning. We do all of this work with one goal in mind: to improve Twitter for our customers, partners, and the people who use it across the world." "As we carry out this work, we want to assure you of a few things: First, none of our policies have changed. Our approach to policy enforcement will rely more heavily on de-amplification of violative content: freedom of speech, but not freedom of reach," the company added. "Our Trust & Safety team continues its diligent work to keep the platform safe from hateful conduct, abusive behavior, and any violation of Twitter's rules. The team remains strong and well-resourced, and automated detection plays an increasingly important role in eliminating abuse. When urgent events manifest on the platform, we ensure that all content moderators have the guidance they need to find and address violative content. As we improve our policies and processes, bad actors will also develop new methods of disruption. This is not new. Our team of experts is constantly adapting to identify and defuse threats, and we are proud of our early results: impressions on violative content are down over the past month, despite the growth in overall usage on the platform. Finally, as we embark on this new journey, we will make mistakes, we will learn, and we will also get things right. Throughout, we'll communicate openly with our users and customers, to get and share your feedback as we build." Reference Link
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TRC | Hot Stocks12:53 EST Tejon Ranch reports settlement related to Tejon Ranch Conservation agreement - Tejon Ranch Co. announced the resolution of a legal dispute involving the Tejon Ranch Conservancy and the signatories to the 2008 Tejon Ranch Conservation and Land Use Agreement, namely, Audubon California, Endangered Habitats League, Natural Resources Defense Council, Planning and Conservation League, and the Sierra Club. The dispute stemmed from the signatories' participation in the Antelope Valley Regional Conservation Strategy, which was subsequently used by the Center for Biological Diversity and the California Native Plant Society to oppose Tejon Ranch Co.'s Centennial development. As part of a settlement agreement, the Conservancy and the signatories dismissed with prejudice the lawsuit they filed. They also acknowledge that the AVRCIS does not contain the "best available scientific data" regarding Tejon Ranch Co.'s landholdings, and further, that they will not use, or support the use of, the AVRCIS or any other similar endeavors, to challenge Tejon Ranch Co.'s development projects and/or any Ranch uses consistent with the Agreement. In turn, Tejon Ranch Co. released from escrow 50% of the advance payments it withheld under the terms of the Agreement. The remaining funds will be released over a three-year period as matching funds to monies raised by the Conservancy as well as others who participate in Conservancy capital raising programs, after which the remaining funds with be released to the Conservancy to further its mission. These funds are the final fulfilment of Tejon Ranch Co.'s full funding obligations under the Agreement, totaling $11,760,000 over the past 14 years.
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COIN... | Hot Stocks12:50 EST Coinbase Wallet to stop supporting BCH, ETC, XLM, XRP - Coinbase said on Tuesday that it will delist XRP, Bitcoin Cash, and Ethereum Classic from its crypto wallet. Coinbase said that the cryptocurrencies would no longer be supported on Coinbase Wallet starting in January "due to low usage," but users still can withdraw any unsupported assets by using their wallet recovery phrase. Reference Link
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NVST | Hot Stocks12:04 EST Envista seeing 'significant slowdown' in China in recent weeks - Envista CEO Amir Aghdaei said while speaking at the Evercore ISI healthcare conference, in response to a question about product demand: "Overall, a little bit of a slowdown in North America, but not as pronounced as what we see in Europe. In Europe, there is a distinct slowdown, it's obvious. You can see it on the patient volume, on the spending, on various expansion opportunities. So you add those 2 together, that's about 70%, 75% of our business as a whole. China, very choppy. We really cannot predict what is taking place. We came out of Shanghai lockdown, a ramp in Q3. In the past, probably 4, 6 weeks, we have seen a significant slowdown. Various sites are getting closed. You've heard all the things that we are hearing, the riots, slowdown, other places, number of COVID is going down. It's really hard to forecast the realities on the ground in China... That combination of what you see on the ground plus the government action has caused China as a whole to come to a more of a pause situs. And obviously, the Russia, anybody's call. We had significant growth in Q1, significant decline in Q2 because we couldn't get any product fees, ramp back up in Q3, ramp back down in Q4... So about 14% of our business is in China and Russia, really hard to call it. So the long-term perspective continues to be very positive. We are bullish about it, but the short term is really choppy. It's difficult to call it because of this macro elements that I talked about."
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S | Hot Stocks12:00 EST SentinelOne falls -10.9% - SentinelOne is down -10.9%, or -$1.68 to $13.77.
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KNOP | Hot Stocks12:00 EST Knot Offshore Partners falls -16.3% - Knot Offshore Partners is down -16.3%, or -$2.29 to $11.74.
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STAR | Hot Stocks12:00 EST iStar falls -23.0% - iStar is down -23.0%, or -$2.28 to $7.62.
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BBW | Hot Stocks12:00 EST Build-A-Bear rises 15.6% - Build-A-Bear is up 15.6%, or $3.02 to $22.40.
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NIO | Hot Stocks12:00 EST Nio rises 17.1% - Nio is up 17.1%, or $1.80 to $12.30.
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XPEV | Hot Stocks12:00 EST XPeng rises 39.9% - XPeng is up 39.9%, or $2.93 to $10.27.
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AJRD | Hot Stocks11:55 EST Aerojet Rocketdyne trading resumes
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AJRD | Hot Stocks11:50 EST Aerojet Rocketdyne trading halted, volatility trading pause
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RADI | Hot Stocks11:34 EST Radius Global Infrastructure trading resumes
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RADI | Hot Stocks11:25 EST Radius Global jumps 13%, halted after Bloomberg report on takeover talks
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RADI | Hot Stocks11:24 EST Radius Global Infrastructure trading halted, volatility trading pause
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IDN | Hot Stocks11:02 EST Intellicheck, City of Charleston launch pilot to combat underage drinking - Intellicheck and the city of Charleston announced the launch of a new pilot program aimed at tackling the problem of underage drinking. The six-month pilot will allow up to 31 King Street area bars and restaurants to use Intellicheck's identity verification mobile technology application. Intellicheck's ID verification technology has proven to be more than 99% accurate in authenticating IDs in under a second using existing mobile devices or point-of-sale scanners. The program is being underwritten by the city of Charleston and Explore Charleston with Intellicheck contributing the state-of-the-art technology solution at a sharply reduced cost. Participating area businesses will use the same tool currently being used by the city of Charleston Police Department and the South Carolina Law Enforcement Division, in addition to other law enforcement agencies across the country. The goal of the program is to eliminate underage drinking in the King Street area.
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AVID | Hot Stocks10:40 EST TV MIDTVEST expands strategic relationship with Avid Technology - Danish regional broadcaster TV MIDTVEST has extended its strategic relationship with Avid by transitioning onto Avid's MediaCentral Flex subscription software.
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PAFO | Hot Stocks10:33 EST Pacifico Acquisition Corp trading resumes
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CRL | Hot Stocks10:28 EST Charles River trading resumes
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AREC | Hot Stocks10:23 EST Iceberg Research short American Resources, says 'close to running out of money' - Iceberg Research is short American Resources, saying "the company is dangerously close to running out of money." "American Resources' CEO Mark Jensen and president Thomas Sauve were sued in the past for mismanaging investment funds, negligence, and failing to follow through on debt guarantees. Similar things are happening at AREC. Around $2M was looted from the company's coffers after delinquent loans were bought from related parties between 2017 and 2021. They are all completely worthless at this point," the short seller said in a recently published report. "The metallurgical coal miner grossly underestimates its operating costs... The company has also continuously failed to reach its production objectives... AREC chases fads and has built a hodgepodge of unrelated businesses: crypto, a SPAC, and rare earth recycling. None of them have been successful. The company is dangerously close to running out of money... Adding to this headache is a recent lawsuit filed by Lexon Insurance, seeking to recover $25M, after AREC defaulted on $547,000 of surety bond premiums. The $25m represents 67% of AREC's total asset position as of end-September."Reference Link
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GTII | Hot Stocks10:21 EST Global Tech retains Christian Levine to investigate possible naked short selling - Global Tech Industries Group announced that its board of directors approved and instructed management to negotiate and execute a service agreement with The Christian Levine Law Group, as well as Warshaw Burstein, LLP, to review the trading history of the Company's common stock for the past two years. The Company believes it may have been the target of a market manipulation scheme involving naked short selling of its common stock. According to various publicly disclosed sources, these two firms, during the past 22 years, have successfully prosecuted and collected millions of dollars in aggregate damages on behalf of their clients from broker-dealers, market-makers, hedge funds, and asset-based lenders who have engaged in such market manipulation schemes.
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PAFO | Hot Stocks10:18 EST Pacifico Acquisition Corp trading halted, volatility trading pause
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SATX | Hot Stocks10:14 EST Endurance Acquisition Corp trading resumes
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CRL | Hot Stocks10:05 EST Charles River working to mitigate any Cambodia NHP supply impact
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BKNG | Hot Stocks10:04 EST Booking Holdings expands Travel Sustainable program across brands - Booking Holdings announced the expansion of its Travel Sustainable program to relevant brands across the Booking Holdings family. The news marks the company's delivery on its commitment to launch its first-of-its-kind program for accommodations enterprise-wide by the end of 2023. Travel Sustainable provides credible information on impactful sustainability efforts taken by properties worldwide and gives travelers a transparent, consistent and easy-to-understand way to identify a wider range of more sustainable stays, no matter where they want to travel. The aim of the program is to give visibility to accommodations that have made progress on a broad spectrum of sustainability efforts, from those at an earlier stage to those who have achieved one of more than 40 recognized ecolabels and certifications through outstanding commitments and investments. Pioneered by Booking.com, which recently marked the one year anniversary of the program, there are now more than 400,000 accommodations recognized globally by the Travel Sustainable program. Recognized properties across Priceline, Agoda and KAYAK will now feature the Travel Sustainable badge in search results, with some platforms also implementing an additional filter to help travelers book more sustainable accommodations.
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SATX | Hot Stocks10:04 EST Endurance Acquisition Corp trading halted, volatility trading pause
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CRL | Hot Stocks10:04 EST Charles River says not named or referenced in DOJ proceedings - In a regulatory filing, Charles River said that during its presentation at Evercore ISI 5th Annual HealthCONx Conference, management will address the topic of non-human primate supply following the November 16, 2022 announcement by the U.S. Department of Justice through the U.S. Attorney's Office for the Southern District of Florida that a Cambodian NHP supplier and two Cambodian officials had been criminally charged in connection with illegally importing NHPs into the U.S. "In particular, in recognition of the numerous investment analyst and media reports related to NHP pricing, the NHP supply chain, and the DOJ proceedings, the Company made statements to the following effect: a.Charles River was not named or referenced in the DOJ proceedings, and the Company does not have any direct supply contracts with the indicted Cambodian supplier. b.Charles River has global supply sources, including other sources in Cambodia, which is the primary country of origin of NHP imports to the United States and to Charles River. However, in light of the indictment, and subsequent statements made by the Cambodia government, Charles River is operating under the expectation that for some time period supply of Cambodia-sourced NHPs will be difficult to obtain in the United States; and c.The Company is diligently working to mitigate any Cambodia NHP supply impact with ongoing efforts to procure NHPs under different supply arrangements and from other global sources."
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THLLY AMZN | Hot Stocks10:03 EST Thales launches CipherTrust Cloud Key Manager integration with AWS - Thales (THLLY) announced the launch of its CipherTrust Cloud Key Manager integration with the AWS External Key Store (AMZN), a feature of the AWS Key Management Service announced at AWS re:Invent 2022. Following an increased call for enhanced sovereign controls amid growing regulatory requirements, the integration enables organisations to retain control of their encryption keys when migrating their sensitive data to the AWS cloud.
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QTWO | Hot Stocks10:01 EST Q2 Holdings helps Johnson Financial modernize digital banking experience - Q2 Holdings announced it has helped Johnson Financial Group transform its digital banking experience for its banking, wealth and insurance customers. JFG can now provide a personalized "one-stop-shop" experience for its clients, offering a vast continuum of financial services through its mobile and online banking application.
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KNOP | Hot Stocks10:00 EST Knot Offshore Partners falls -12.3% - Knot Offshore Partners is down -12.3%, or -$1.73 to $12.30.
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S | Hot Stocks10:00 EST SentinelOne falls -12.5% - SentinelOne is down -12.5%, or -$1.93 to $13.52.
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STAR | Hot Stocks10:00 EST iStar falls -23.9% - iStar is down -23.9%, or -$2.37 to $7.53.
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DDL | Hot Stocks10:00 EST Dingdong rises 14.8% - Dingdong is up 14.8%, or 57c to $4.46.
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NIO | Hot Stocks10:00 EST Nio rises 16.0% - Nio is up 16.0%, or $1.68 to $12.18.
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XPEV | Hot Stocks10:00 EST XPeng rises 24.8% - XPeng is up 24.8%, or $1.82 to $9.16.
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CRL | Hot Stocks09:55 EST Charles River trading halted, news pending
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LVRLF | Hot Stocks09:47 EST CordovaCann partners with Jackson BevCo to open cannabis stores - CordovaCann announced that on November 29th the Company has entered into a non-binding letter of intent with Jackson BevCo to execute a managed services agreement to facilitate the opening and operation of cannabis retail stores within or beside convenience stores owned and operated by Jacksons. Jacksons owns and operates 65 convenience stores in the western United States under the Big Smoke and Tobacco Connection brand names. Jacksons is wholly-owned by Jacksons Food Stores, which was founded in 1975 as a single service station and has grown to be a nationally recognized chain with 361 wholly-owned convenience stores and is a joint-venture partner in nearly 2,000 additional convenience stores. Jacksons stores are predominantly located in Washington, Oregon, California, Arizona and Idaho. Pursuant to the terms of the LOI, Cordova will facilitate the opening of cannabis retail stores in all aspects requested by Jacksons, but with primary focus on regulatory process, compliance, training, security, inventory selection and inventory procurement. The cannabis retail stores opened under the MSA will be owned and operated by Jacksons, and Jacksons will pay Cordova a royalty based on a percentage of revenues generated by these cannabis retail stores. Cordova and Jacksons expect to have the MSA executed by January 2023. Cordova expects to launch the first cannabis retail stores within the Jacksons footprint in 2023. The initial locations currently being discussed by Cordova and Jacksons are in Washington, Oregon and Arizona. Given that Jacksons already has ideal convenience real estate in its existing locations, it is expected that the stores launched under the MSA will generate substantial revenue and profits from cannabis. Cordova already operates in key states where Jacksons is operating stores and recreational cannabis sales are legal. Cordova will be able to sell cannabis flower and manufactured products to stores opened under the MSA, which is expected to create another significant revenue stream beyond the royalty payments received.
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ACII | Hot Stocks09:47 EST Atlas Crest Investment Corp. II falls -8.4% - Atlas Crest Investment Corp. II is down -8.4%, or -93c to $10.12.
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S | Hot Stocks09:47 EST SentinelOne falls -9.2% - SentinelOne is down -9.2%, or -$1.42 to $14.03.
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STAR | Hot Stocks09:47 EST iStar falls -22.7% - iStar is down -22.7%, or -$2.25 to $7.65.
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NIO | Hot Stocks09:47 EST Nio rises 12.6% - Nio is up 12.6%, or $1.32 to $11.82.
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BBW | Hot Stocks09:47 EST Build-A-Bear rises 14.3% - Build-A-Bear is up 14.3%, or $2.78 to $22.16.
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XPEV | Hot Stocks09:47 EST XPeng rises 24.3% - XPeng is up 24.3%, or $1.78 to $9.12.
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KSCP | Hot Stocks09:41 EST Knightscope receives 5 new contracts totaling 22 new machines - Knightscope announced five new contracts for its Autonomous Security Robot services in the healthcare market across multiple U.S. states. Knightscope said: "These wins underscore the need and desire to provide a safe environment for our nation's healthcare workers and those seeking medical attention."
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KTRA | Hot Stocks09:38 EST Kintara Therapeutics Inc trading resumes
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INVO | Hot Stocks09:35 EST INVO Bioscience announces first baby born in Malaysia using INVOcell solution - INVO Bioscience announced the birth of the first baby in Malaysia utilizing the INVOcell solution. The healthy baby boy weighed 3.53 kg and was born on November 11, 2022 at Tuanku Mizan Military Hospital in Kuala Lumpur. Physicians at Advanced Reproductive Centre, at Hospital Canselor Tuanku Muhriz, at the National University of Malaysia conducted the IVC procedure. The patient was part of a prospective peer reviewed study of INVOcell compared to conventional IVF that took place at ARC at HCTM. The study, titled "Comparison of Treatment Outcomes among Sibling Oocytes Using Different Culture Systems-Conventional IVF versus INVOcell Device-And Evaluation of INVOcell User Satisfaction: The INVOcIVF Study," was published in the International Journal of Environmental Research and Public Health. Key findings of the study include: The fertilization rate and good embryo quality were comparable between INVOcell and cIVF. Although both methods produce similar fertilization rates and good-quality embryos, the blastulation rates were better in the INVOcell group. INVOcell can be used as an alternative method for reproductive treatment in carefully selected patients without jeopardizing outcomes. cIVF is costly and not applicable in most rural and district areas, therefore, the INVOcell can be utilized as a cost-effective alternative to cIVF without sacrificing comfort and outcomes.
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NTAP | Hot Stocks09:35 EST NetApp trading resumes
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FNB | Hot Stocks09:33 EST F.N.B. announces addition of 300 ATM locations in North Carolina, South Carolina - F.N.B. Corporation announced the continued expansion of its physical delivery channel with the addition of nearly 300 new ATM locations in North Carolina and South Carolina. Upon completion, FNB's overall ATM network will grow by more than 30 percent, with over 1,200 ATMs available throughout the Bank's multi-state footprint. The newest ATMs in FNB's network are featured in high-traffic locations, including Harris Teeter, Spinx convenience stores and other prominent retailers. Nearly 100 new machines in South Carolina and 150 additional locations in North Carolina significantly expand FNB's geographic coverage while improving its delivery channel throughout the region.
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KTRA | Hot Stocks09:33 EST Kintara Therapeutics Inc trading halted, volatility trading pause
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NTAP | Hot Stocks09:30 EST NetApp trading halted, volatility trading pause
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TD | Hot Stocks09:26 EST TD Bank invests $5M in Citizens Trust Bank - The Commercial Bank of TD Bank announced that it has made a $5M equity investment in Citizens Trust Bank in Atlanta, Ga., to help expand opportunities for minority-owned businesses as it eyes further expansion into the region.
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TRNO | Hot Stocks09:26 EST Terreno Realty acquires property in Elizabeth, NJ for $15.4M - Terreno Realty acquired an industrial property located in Elizabeth, New Jersey on November 29, for a purchase price of approximately $15.4M. The property consists of one industrial distribution building containing approximately 23,000 square feet on 1.8 acres. The property is at 629 Henry Street, adjacent to Newark Liberty International Airport and Exit 13A of the New Jersey Turnpike, provides two dock-high and two grade level loading positions and parking for 37 cars. The property is 100% leased on a short-term basis and the estimated stabilized cap rate is 5.4%
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PSHG | Hot Stocks09:26 EST Performance Shipping completes sale, delivery of M/T P. Fos - Performance Shipping announced that, through a separate wholly-owned subsidiary, it has completed the previously announced sale of the 2007-built Aframax tanker vessel M/T P. Fos, with the delivery of the vessel to her new owners. Following the sale of the P. Fos, the Company's fleet currently consists of six Aframax tankers, with two more Aframax tankers expected to be delivered within December 2022.
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AMZN | Hot Stocks09:23 EST Amazon announces record Thanksgiving holiday shopping weekend - Amazon today announced that this Thanksgiving holiday shopping weekend was its biggest ever, with customers around the world purchasing hundreds of millions of products between Thanksgiving and Cyber Monday. "This was a record-breaking holiday shopping weekend for Amazon. Customers shopped millions of deals this weekend and we have many more amazing deals to come," said Doug Herrington, CEO, WW Amazon Stores. "Thank you to our customers for choosing to shop on Amazon, and to our employees and selling partners around the world who are delivering for customers every day."
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EDBL | Hot Stocks09:22 EST Edible Garden to display product lines at 2022 New York Produce Show - Edible Garden announces that it will exhibit its expanding line of world-class, certified organic potted herbs, organic cut herbs, hydroponic basil, and local hydroponic lettuces, as well as highlight its Zero-Waste Inspired initiatives, at the 2022 New York Produce Show and Conference, booth #328, in New York City on Thursday, December 1, 2022. The New York Produce Show and Conference, a world-class event for the industry is presented by the Eastern Produce Council and PRODUCE BUSINESS Magazine. The highlight of the event is a one-day trade show on December 1st of more than 400 companies, providing producers and retailers the opportunity to network, build relationships and conduct business.
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PRE | Hot Stocks09:21 EST Prenetics announces $20M stock repurchase program - Prenetics Global announced that its board of directors has authorized a share repurchase program, and that it has been included as a constituent stock in the MSCI Global Micro Cap Index, with such inclusion to become effective after the U.S. market close today. The Company's board of directors has authorized a share repurchase program under which the Company may repurchase its class A ordinary shares with an aggregate value of up to $20 million during a 24-month period.
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SRNA | Hot Stocks09:20 EST Surna awarded third contract with cultivation facility in Massachusetts - Surna signed its third consecutive contract with a Northeast cultivation facility. "We are pleased to announce a signed contract for $1.7 million with a large cultivation facility in Massachusetts," said Jon Kozlowski, Surna's Vice President of Sales. "Earlier this year, we performed mechanical engineering services for this 36,000 square feet of cultivation and processing space, followed by a benching contract. As we have consistently delivered on time and on budget, the client has continued to contract with us in each phase of their build-out." Surna was selected by the client based on Surna's expertise in cultivation facility design and equipment options. The first contract provided mechanical engineering design services that included professional engineer stamped drawings. The second contract earlier this year was for benching equipment, including installation, with a value of $615,000. This most recent contract includes HVACD equipment for the flower, veg, mother, clone, and dry/cure rooms, as well as cannabis processing rooms including extraction, packaging, production kitchen and trim room spaces. As part of the HVACD equipment order, Surna is providing its EnviroPro air handlers, IsoStream fan coils, Surna by Anden dehumidifiers and humidifiers, dry coolers, chillers, and airflow equipment.
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HLBZ | Hot Stocks09:20 EST Helbiz bringing ghost kitchen offerings to U.S. with Kitchen United deal - "Helbiz Kitchen, a part of Helbiz is bringing its ghost kitchen offerings to the United States thanks to a partnership announced with Kitchen United, a leading ghost kitchen network in the U.S. The partnership will initially bring Helbiz Kitchen to two cities allowing users to order from a diverse set of menus. Starting in January, users in New York City and Austin will be able to order their favorite food items from either the Helbiz Kitchen app or Kitchen United MIX app onsite kiosk, or website - kitchenunited.com. In each of these cities, Helbiz will bring their diverse set of menus created in Milan - Burger & Sons, Pokaii, Pomodoro, Wabisabi, What the Farm, and La Bottega del Gelato - allowing anyone to satiate their food cravings. "Since the first days of Helbiz Kitchen, our goal has been to expand it to the United States," said Salvatore Palella, CEO of Helbiz. "We are excited for people in NYC and Austin to experience the cuisine that we have perfected in Milan. Our mission of making Helbiz a super-app by consolidating needs will be built on the dual foundation of mobility and food delivery. It is advanced faster by partnerships with market leaders like Kitchen United who will help continue our high standards of service."
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JAMF AMZN | Hot Stocks09:17 EST Jamf Holding announces new integration with AWS - Jamf (JAMF) announced a new integration with Amazon Web Services (AMZN) to empower organizations using AWS and Jamf to elevate their security posture. AWS Verified Access allows customers to define a set of policies or criteria in Jamf that must be met before allowing end users and their respective devices to gain access to internal services on AWS.
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ENG | Hot Stocks09:16 EST ENG says six contract awards to produce combined revenue of over $12M - ENG said that six contract awards announced on the company's November 8, 2022 third quarter results conference call will produce minimum combined revenue of over $12 million, most of which will be recognized in this year's fourth quarter. The awards, which were received thus far in the fourth quarter, include: Construction installation services related to two solar farm projects in Texas; Signing of a master services agreement with a leading integrated oil services company resulting in construction and fabrication services for produced water booster station upgrade projects; Construction of remote instrument enclosures for a leading IOC in Houston; Construction and fabrication services for multiple compressor station upgrade projects in West Texas; and Engineering, procurement and construction services for a methanol prover and metering upgrade, compression station upgrades, fabrication of separators and related piping for multiple midstream oil and gas operators out of West Texas and New Mexico. "We are very excited to receive these awards," said ENG president Roger Westerlind. "Not only will they make a positive impact on our fourth quarter financial performance, but also could stimulate major oil and gas and green energy contracts with these same IOCs going forward." Mr. Westerlind added that, regarding its gas-to-liquids technology, the company, via its OiLSERV partner in the Middle East, is currently bidding on some 10 opportunities with a total value in excess of $100 million and expects to close on at least one of these projects within the next six months. Lastly, said Mr. Westerlind, ENG's wholly-owned government services division has seen a steady ramp-up of revenue in the second half of 2022 and is expected to continue this growth into 2023.
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PHG | Hot Stocks09:12 EST Philips in research deal with MagCorp to explore magnets for MR scanners - Royal Philips entered into a research partnership with U.S. magnet solutions provider MagCorp to explore superconducting magnets for MR scanners that do not require cooling to ultra-low temperatures,-452 degrees F or -269 degrees C, using liquid helium. Developing more sustainable alternatives to helium-cooled MRI magnets at a lower cost has the potential to offer significant benefits by making advanced MR imaging available to more patients in more diverse settings as well as potentially reducing radiology department capital and operating costs. "Florida State University's MagLab, part of the U.S. National High Magnetic Field Laboratory, is home to many of the world's leading researchers on novel superconducting materials that don't require liquid helium temperatures to operate. Philips has decades of MR scanner design and development experience, including most recently the launch of the BlueSeal magnet technology," said Josh Hilderbrand, Director, Head of MRI Magnet Research and Development at Philips. "Combining these resources with MagCorp's research facilitation services will help leverage the latest technology to accelerate access and availability of MRI to more patients and healthcare providers."
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SUMO AMZN | Hot Stocks09:12 EST Sumo Logic announces support for AWS Verified Access - Sumo Logic (SUMO) announced support for the launch preview of AWS Verified Access, a new service for Amazon (AMZN) Virtual Private Cloud, VPC. "Sumo Logic's support for AWS Verified Access builds upon our relationship with AWS, and further enhances the value we can deliver to digital enterprises that need faster, smarter, and more secure delivery," said Dave Frampton, SVP and General Manager, Security Business Unit, Sumo Logic. "Incorporating each integration into holistic correlations across the entire security landscape helps customers identify threats earlier and accelerates the investigation and remediation cycles at the core of the security operations challenge for modern enterprises."
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KLNG DPDW | Hot Stocks09:12 EST Koil Energy annnounces ticker symbol change - Koil Energy Solutions, formerly known as Deep Down, announced that the Financial Industry Regulatory Authority has approved its application to change the company's name and ticker symbol, reflecting their new name and commitment to Energizing the Future. As of November 28, 2022, the ticker symbol for Koil has changed from "DPDW" to "KLNG" and can be searched as such.
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LINC | Hot Stocks09:11 EST Lincoln Educational reports mandatory conversion of Series A stock - Lincoln Educational Services announced that it had exercised in full its right of mandatory conversion of the Company's Series A Convertible Preferred Stock. In connection with the conversion, each share of Series A Convertible Preferred Stock has been cancelled and converted into the right to receive 4.23729 shares of the Company's Common Stock, no par value per share. Shares of the Series A Convertible Preferred Stock are no longer be outstanding and all rights of the holders to receive future dividends have terminated. As a result of the conversion, the aggregate 12,700 shares of Series A Preferred Stock outstanding were converted into 5,381,360 shares of Common Stock.
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CRAI | Hot Stocks09:11 EST Charles River Associates acquires bioStrategies Group - Charles River Associates announced its acquisition of bioStrategies Group, a Chicago-based consulting firm focused on developing commercial strategies for healthcare products and technologies. Under the terms of the transaction, which closed on November 29, CRA purchased substantially all of the assets of bioStrategies Group and retained the services of 17 employees, including Mike Kaestle and Chris Schneider, who have joined CRA's Life Sciences Practice as vice presidents.
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JBAXY | Hot Stocks09:10 EST Julius Baer International fined GBP 18M by U.K.'s FCA - The FCA has fined Julius Baer International Limited, an investment advisory and wealth management firm, GBP 18,022,500 for failing to conduct its business with integrity, failing to take reasonable care to organize and control its affairs and failing to be open and cooperative with the FCA, the FCA said in a statement. The FCA has also decided to ban Gustavo Raitzin, former Regional Head for Bank Julius Baer, Thomas Seiler, former BJB Sub-Regional Head for Russia and Eastern Europe and JBI non-executive director, and Louise Whitestone, former relationship manager on JBI's Russian and Eastern European Desk. The FCA concluded that JBI facilitated finder's arrangements between BJB and an employee of a number of Yukos Group companies, Mr Dimitri Merinson. Under these arrangements, BJB paid finder's fees to Mr Merinson for introducing Yukos Group companies to Julius Baer. This was done on the understanding that the Yukos Group companies would then place large cash sums with Julius Baer from which Julius Baer could generate significant revenues. Reference Link
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MDGS | Hot Stocks09:10 EST Medigus regains compliance with Nasdaq minimum closing bid price rule - Medigu reported the receipt of a formal notification from The Nasdaq Stock Market hat the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company's ADSs to maintain a minimum bid price of $1.00 per ADS. The Nasdaq staff made this determination of compliance after the closing bid price of the Company's ADSs was at $1.00 per ADS or greater for the prior 10 consecutive business days. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the prior bid price deficiency matter now closed.
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SGPYY | Hot Stocks09:09 EST Sage Group announces Sage for Accountants in Canada - Sage announces the launch of Sage for Accountants in Canada. Sage for Accountants unifies the experience accounting and bookkeeping practices can enjoy with Sage - effectively elevating their flow to maximize their impact on clients and run a more fulfilling and profitable practice.
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UNVR | Hot Stocks09:09 EST Engine Capital sends letter to Univar board requesting initiation of review - Engine Capital, which owns approximately 1% of Univar Solutions Inc.'s shares, announced that it has sent the below letter to the members of the company's board of directors. "Engine Capital LP (together with its affiliates, "Engine" or "we") is a meaningful shareholder of Univar Solutions Inc. ("Univar" or the "Company"), with an ownership position of approximately 1% of the Company's outstanding shares. As you will recall, we sent you a letter in early October to highlight that the Company has been trading at a significant discount to its intrinsic value and encourage the Board of Directors (the "Board") to capitalize on this apparent mispricing by immediately initiating an aggressive share repurchase program. We also recommended that the Board initiate a review of strategic alternatives at the appropriate time. We applaud you for announcing a $200 million accelerated share repurchase and an additional $1 billion share repurchase authorization when Univar posted its Q3 results on November 1, 2022. We were also pleased to learn over the weekend that Univar has received a preliminary indication of interest from Brenntag SE ("Brenntag"). This strategic approach from a direct competitor confirms Engine's view that Univar is undervalued in the public market and, in turn, a highly attractive acquisition target for qualified buyers. Both Univar and Brenntag have now publicly confirmed the discussions, meaning Univar is effectively in play. As such, we urge you to publicly announce a competitive and formal sale process that invites additional parties to bid for the Company and ensures the Board has all the information needed to make a value-maximizing decision that benefits all shareholders. While we acknowledge the industrial logic of a combination between Univar and Brenntag, and believe the synergies would be material, we also note that private equity has been actively involved in the space, including through past ownership of both Univar and Brenntag. Our prior letter listed many precedent transactions that point to a transaction multiple for Univar between 9x and 10x 2023 Adjusted EBITDA. Based on analysts' estimates of $920 million 2023 Adjusted EBITDA, this multiple range would deliver a purchase price for shareholders between approximately $38 and $44 per share. We believe a sale price in that range is achievable if the Board runs a competitive sale process. It is our view that the stars have now aligned for Univar to run such a process, and we urge the Board to fulfill its fiduciary obligations and work to maximize value for all of the Company's shareholders."
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BDRBF | Hot Stocks09:09 EST Bombardier inaugurates expanded London Biggin Hill Service Center - Bombardier announced the inauguration of its expanded London Biggin Hill Service Centre. Located at the London Biggin Hill Airport, the newly enhanced London Biggin Hill Service Centre has grown to nearly 250,000 square feet, adding a suite of new maintenance and modification capabilities and full-service interior finishing capacity for its family of Learjet, Challenger and Global aircraft. Bombardier's London Biggin Hill Service Centre is the largest tenant at the London Biggin Hill Airport, providing customers with complete heavy maintenance capabilities, wheel and battery shops, a component paint shop and much more. The new hangar has transformed from eight to 22 service bays, increasing on-site capacity to accommodate a wide array of aircraft, including up to 14 Global 7500 aircraft at one time - as well as Bombardier's newly launched Global 8000 business jet when it enters into service in 2025. "With the expansion of the London Biggin Hill Service Centre, we are taking another step in showcasing our unwavering commitment to our European customers with industry-leading services on a global scale - OEM expertise that customers demand and expect from Bombardier," said Jean-Christophe Gallagher, Executive Vice President, Services and Support, and Corporate Strategy.
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PSNL | Hot Stocks09:09 EST Personalis and UCSF to study utility of ctDNA for treatment response in CRC - Personalis announced a collaboration with UC San Francisco UCSF that will deploy a personalized liquid biopsy-based research use only or RUO assay for a study of patients with colorectal cancer. The research efforts will use Personalis' NeXT Personal(TM) assay to evaluate circulating tumor DNA or ctDNA-based signatures associated with treatment response and adverse events in a cohort of late-stage colorectal cancer patients receiving capecitabine together with pembrolizumab and bevacizumab. Colorectal cancer is among the top five most prevalent and deadly malignancies worldwide. The efficacy of combined targeted therapy approaches varies widely, reflecting the need for more sophisticated predictive measures. Typical ctDNA assays in use today lack sufficient sensitivity for detecting cfDNA-based biomarkers due to extensive disease heterogeneity, potentially low levels of signal from small metastases, and the wide range of mutational profiles relevant to different types of cancer.
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HMC | Hot Stocks09:08 EST Honda to start U.S. production of fuel cell electric vehicles in 2024 - Honda announced that it will produce an all-new hydrogen fuel cell electric vehicle, or FCEV, based on the recently launched, all-new Honda CR-V starting in 2024 at its Performance Manufacturing Center in Marysville, Ohio. "This new zero-emissions vehicle will contribute to Honda's previously announced goal to make battery electric vehicles and FCEVs represent 100% of its global auto sales by 2040. The new CR-V-based FCEV also will mark North America's first production vehicle to combine a plug-in feature with FCEV technology in one model, which enables the driver to charge the onboard battery to deliver EV driving around town with the flexibility of fast hydrogen refueling for longer trips," the company [stated.]:[https://hondanews.com/en-US/honda-corporate/releases/release-907c81858bdfe231c1cc3d0f701d89da-honda-to-begin-us-production-of-fuel-cell-electric-vehicles-in-2024]
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AGLE | Hot Stocks09:08 EST Aeglea: Jim Kastenmayer to retain position as general counsel - Jim Kastenmayer, JD, PhD, will step down as interim CEO and retain his position as Aeglea's general counsel. "On behalf of the entire board of directors, I want to thank Jim for his service and commitment to Aeglea and its mission. Jim has provided exceptional leadership during a period of critical execution and has kept the team focused on advancing the Homocystinuria program," said the company.
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SPCB | Hot Stocks09:07 EST SuperCom subsidiary Safend receives orders totaling $600,000 - SuperCom announced that a fully-owned subsidiary in its cyber security division, Safend, a data protection and cybersecurity company, received orders totaling approximately $600,000. These orders represent license fees for additional seat expansion and recurring maintenance fees for over 50,000 seats. Safend provides government agencies and enterprise organizations a broad range of competitive and well-known encryption and data protection solutions. These programs are expected to include end-point machines and integration with existing government infrastructure and systems.
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AGLE | Hot Stocks09:07 EST Aeglea no longer plans to announce Phase 1/2 pegarviliase data in Q4 - Following the leadership transition and as part of the related evaluation of near-term corporate and clinical development strategy, Aeglea no longer plans to announce interim clinical data from the ongoing Phase 1/2 clinical trial of pegtarviliase in Classical Homocystinuria in the fourth quarter of 2022. Enrollment in the third cohort of the Phase 1/2 trial is ongoing with two patients having completed dosing in the cohort. Additionally, the company has decided not to participate in the Piper Sandler 34th Annual Healthcare Conference and 5th Annual Evercore ISI HealthCONx Conference, both being held November 29-December 1, 2022. Aeglea said it looks forward to delivering a clinical update on the pegtarviliase program when more comprehensive data from the third cohort becomes available.
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WRAP | Hot Stocks09:07 EST Wrap Technologies announces Technology Acquisition Agreement with Lumento - Wrap Technologies announced that it has entered into a Professional Services and Technology Acquisition Agreement with Lumeto. As part of the agreement, Lumeto will provide Wrap certain technology, services, and perpetual licenses for use within the Company's Wrap Reality virtual simulation training platform. Through the Lumeto platform, Wrap will also be able to offer an upgraded, cloud-based virtual reality solution to potential customers. The partnership also includes provisions for additional services, resources and enhanced capabilities to Wrap in support of its growing law enforcement and corrections VR training modules. "We look forward to joining forces with Lumeto to bring our world-class VR training capabilities onto an enhanced, flexible, cloud-based platform," said TJ Kennedy, CEO of Wrap Technologies. "This new platform will offer our existing and new customers a new turnkey Cloud VR training solution with the critical high-end type scenarios that Wrap Reality has become known for delivering. By partnering with Lumeto and leveraging their existing technology, Wrap can greatly accelerate our development, saving significant time and costs versus building an entire cloud solution internally."
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WTKWY | Hot Stocks09:06 EST Wolters Kluwer completes divestment of legal information units in France, Spain - Wolters Kluwer Legal & Regulatory announces that it has completed the divestment of its legal information units in France and Spain to Karnov, as originally announced on December 9, 2021.
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NMTC ZBH | Hot Stocks09:05 EST NeuroOne Medical ships initial Zimmer Biomet order for Evo sEEG system - NeuroOne Medical (NMTC) announced that it shipped the first commercial order to Zimmer Biomet (ZBH) for its Evo sEEG Electrode technology for temporary use with recording, monitoring, and stimulation equipment for the recording, monitoring, and stimulation of electrical signals at the subsurface level of the brain. Zimmer Biomet is the exclusive worldwide distribution partner for the NeuroOne Evo Cortical and sEEG electrode product lines.
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GTLB | Hot Stocks09:05 EST GitLab launches GitLab Dedicated solution - GitLab announced the limited availability of GitLab Dedicated, a new way to use GitLab - as a single-tenant software as a service solution. The new offering will provide all the benefits of an enterprise DevSecOps platform with a focus on data residency, isolation, and private networking to meet complex compliance needs. Additionally, users can leverage the efficiency of the cloud while working in an isolated instance, and remove the overhead of platform and infrastructure management.
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GNTX | Hot Stocks09:04 EST Gentex partners with ODC Network to open daycare, preschool - Gentex Corporation and the ODC Network, ODC, announced that they are partnering to create the Gentex Discovery Preschool, a unique, on-site daycare and preschool designed to provide Gentex employees with convenient, cost-effective access to quality childcare. "We continue to seek innovative ways to ensure Gentex is the employer of choice in West Michigan," said Gentex President and CEO Steve Downing. "The low availability and high cost of childcare has long been a barrier to employment, and we want to remove that obstacle so more people can experience the benefits of being a member of team Gentex. We believe this approach is unique because it combines the benefits of a licensed, on-site facility on our campus with the world-class care and learning environment ODC has provided for years." The Gentex Discovery Preschool: An ODC Network Early Childcare Center, will consist of a 43,000-square-foot facility to be built on Gentex's corporate campus in Zeeland. It will include 12 daycare rooms, three infant rooms, office and common space, a food preparation area, and indoor play center. There will also be many outdoor nature-based playscapes and a fishing pond.
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MRVL NOK | Hot Stocks09:04 EST Marvell extends collaboration with Nokia - Marvell Technology (MRVL) announced an extension of its collaboration with Nokia (NOK) that further advances Nokia's 5G "Powered by ReefShark" chipset portfolio. The companies have worked closely on the new OCTEON 10 Data Processing Unit, or DPU, which augments the ReefShark family with best-in-class 5G transport built on cutting-edge 5nm processor and hardware acceleration technology. The jointly developed solution equips mobile network operators with the ability to rapidly evolve their networks and deliver innovative new 5G services at high performance and capacity with ultra-low latency and energy efficiency.
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WFSTF | Hot Stocks09:04 EST Western Forest announces temporary production curtailments in BC - Western Forest Products announced plans to temporarily reduce its lumber production output for the remainder of 2022 by approximately 20 million board feet to manage inventory levels to current market conditions. This temporary reduction in lumber production will be spread across the Company's British Columbia manufacturing platform throughout December. Remanufacturing and shipping operations will continue uninterrupted, with lumber production at impacted sites expected to resume in January 2023. The Company continues to evaluate market conditions on an ongoing basis to maintain a balance between production and demand.
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LPLA PIPR | Hot Stocks09:03 EST LPL Financial appoints Adam Turnquist as Chief Technical Strategist - LPL Financial (LPLA) announced the appointment of Adam Turnquist as Chief Technical Strategist for the firm's Investment Research team. In his new role Turnquist will lead the firm's technical analysis of global capital markets. He will also serve as a key member of the firm's Strategic and Tactical Asset Allocation Committee. Turnquist will report to LPL's Chief Investment Officer, Marc Zabicki. Prior to joining LPL he served as Vice President on Piper Sandler's (PIPR) research team, and has worked as a fixed income trader.
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TRUE | Hot Stocks09:02 EST TrueCar forecasts 1,136,329 total new vehicle industry sales in Nov., up 7% y/y - TrueCar expects total new vehicle industry sales to reach 1,136,329 units in November 2022, up 7% from a year ago and about on par with October 2022, when adjusted for the same number of selling days. This month's seasonally adjusted annualized rate for total light vehicle industry sales is an estimated 14M, up 9% from November 2021. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 954,799 units, about even from a year ago and down about 3% from October 2022.
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ELMD | Hot Stocks09:02 EST Electromed receives FDA clearance for SmartVest Clearway Airway Clearance System - Electromed announced that it received FDA 510(k) clearance of the SmartVest Clearway Airway Clearance System, which is designed for High Frequency Chest Wall Oscillation, or HFCWO, therapy. The SmartVest Clearway system, an updated and modern approach to HFCWO, offers an enhanced patient experience with proven patient outcomes.
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ICLK | Hot Stocks09:02 EST iClick Interactive Asia regains compliance with Nasdaq listing rules - iClick Interactive Asia Group announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market dated November 29 informing the Company that it has regained compliance with the Nasdaq Listing Rule 5450. As previously announced, the Company received a notification letter from the Nasdaq dated June 14 indicating that the closing bid price of the Company's American depositary shares was below the minimum bid price of $1.00 required for continued listing under the Nasdaq. According to the Compliance Notice, the closing bid price of the Company's ADSs has been at $1.00 per ADS or greater for 10 consecutive business days from November 14 through November 28, and the Company has regained compliance with the Minimum Bid Price Requirement and the matter is closed.
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VINP | Hot Stocks09:01 EST Vinci Retirement Services announces insurer approval by SUSEP - Vinci Partners Investments announced that the Vinci Retirement Services segment has been approved, formally through its invested company Vinci Vida e Previdencia S/A, to operate life insurance and open-ended pension plans in Brazil by SUSEP, the Brazilian superintendency for private insurance. VRS is the new initiative from Vinci Partners, which began structuring in 2022, and has since been disclosed as a separate and new business segment. VRS will work to provide pension planning solutions to investors through robust and efficient technological tools, alongside alternative distribution vehicles.
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PNR HON | Hot Stocks08:57 EST Pentair names Tanya Hooper as chief human resources officer - Pentair (PNR) announced that it has named Tanya Hooper to its executive leadership team as executive VP and chief human resources officer effective January 1, 2023. Hooper will report to John Stauch, Pentair president and CEO. Hooper joins Pentair from Honeywell (HON), where she served as the VP of global talent and corporate human Resources.
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RBT SG | Hot Stocks08:55 EST Rubicon Technologies signs extended waste diversion agreement with Sweetgreen - Rubicon Technologies (RBT) announced that it has signed an extended, three-year agreement with Sweetgreen, (SG) to continue to help expand sweetgreen's waste diversion efforts, and provide enhanced account management as the company's lead partner for waste, recycling, and composting services. Sweetgreen has been working with Rubicon since 2016.
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CYTO | Hot Stocks08:51 EST Altamira Therapeutics sees 2022 total cash need CHF 12M - CHF 13M - Altamira expects its total cash need for funding operations in 2022 to be in the range of CHF 12.0 to 13.0 million. Funding requirements for operations and financial obligations until the end of 2023 are expected to amount to CHF 22.0 to 25.0 million, or to CHF 17.0 to 20 million if the convertible loan provided by FiveT will be converted into Common Shares. This guidance does not include any proceeds from the partnering of the Company's legacy assets or partnering of the RNA delivery technology.
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GDYN | Hot Stocks08:47 EST Grid Dynamics inaugurates first engineering center in Hyderabad - Grid Dynamics Holdings announced the official opening of its new office in Hyderabad. The expansion to India plays a critical role in Grid Dynamics' growth and positioning by further enabling the company to scale its engineering workforce, support clients, and accelerate its expansion as a leading global technology services provider. The new office is one of its three strategic locations to support the company's global expansion, along with operational centers in Poland, Mexico, and other global locations. The India Engineering Center is critical to strengthening shareholder value and Grid Dynamics' strategic blueprint as a global engineering and technology company. Within the next year, Grid Dynamics will continue expanding its engineering team in India, where they plan to house a significant part of its global workforce. Having a presence in Hyderabad is another step toward achieving strategic growth plans to provide a global delivery footprint to support clients. Many of Grid Dynamics' Fortune 100 clients from North America and Europe have operations in India. Grid Dynamics' presence there will further enable the company to provide its customers with the highest quality of talent at the required scale and support its expansion powered by both organic and inorganic growth through mergers and acquisitions.
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CNDT | Hot Stocks08:46 EST Conduent releases Viewpoint eDiscovery 7.5 platform - Conduent Incorporated announced the release of its enhanced Viewpoint eDiscovery 7.5 platform with added capabilities to review data from Microsoft Teams, continuous active learning enhancements that save time by prioritizing documents for review, and the addition of named entity recognition. Conduent's Viewpoint eDiscovery Platform uses AI and machine learning to help legal teams efficiently and effectively manage electronically stored information found within various information and communication sources including email, chat, and structured and unstructured data repositories, including Microsoft Teams and other popular collaboration platforms.
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RWAY | Hot Stocks08:45 EST Runway Growth Finance commences offering of notes - Runway Growth Finance announced that it has commenced an underwritten offering of unsecured notes, subject to market and other conditions. The Company has applied for the Notes to be listed and trade on the Nasdaq Global Select Market. If approved for listing, the Company expects the Notes to begin trading within 30 days from the original issue date. The interest rate and other terms of the Notes will be determined at the time of pricing of the offering. The Company intends to use the net proceeds from this offering to repay outstanding indebtedness under its Credit Agreement with KeyBank National Association. However, through re-borrowing of the initial repayments under the Credit Facility, the Company intends to use the net proceeds from this offering to make investments in accordance with its investment objective and strategies described in the prospectus supplement and the accompanying prospectus, to pay operating expenses and other cash obligations, and for general corporate purposes. As of November 28, 2022, the Company had $365.0 million of indebtedness outstanding under the Credit Facility, which bore interest at a rate of 6.659% as of such date. The Credit Facility matures on April 20, 2026. Oppenheimer & Co. Inc., UBS Securities LLC, B. Riley Securities, Inc. and Ladenburg Thalmann & Co. Inc. are acting as joint book-running managers of this offering. Compass Point Research & Trading, LLC, Janney Montgomery Scott LLC and Hovde Group, LLC are acting as co-managers of this offering.
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BHC | Hot Stocks08:43 EST Bausch Health announces unrestricting of Bausch + Lomb - In a press release yesterday evening, the company stated: "Bausch Health Companies has designated 1261229 B.C. Ltd., the entity that directly or indirectly holds 88.7% of the issued and outstanding shares of Bausch + Lomb Corporation as an unrestricted subsidiary of the Company in accordance with the terms of the Company's debt documents. In connection therewith, all of the subsidiaries of 1261229 B.C. Ltd., including Bausch + Lomb and its subsidiaries, are also now unrestricted subsidiaries of the Company and, as a result, are no longer subject to the covenants under the Bausch Health debt documents. The Company continues to evaluate potential options to maximize stakeholder value, which include its ongoing focus on its balance sheet and liquidity." Shares of Bausch Health are up 6.3% at $7.25 in pre-market trading.
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FET | Hot Stocks08:42 EST Forum Energy generates approximately $32M from sale-leaseback transaction - Forum Energy Technologies announced that it has closed a sale of four manufacturing and distribution centers located in Texas and Louisiana. The properties will remain an integral part of FET's operations strategy going forward. In connection with the sale, the Company entered into a long-term lease agreement. The net sales proceeds from the transaction totaled approximately $32M. Neal Lux, President and Chief Executive Officer, remarked, "This transaction generates value for our stakeholders at an EBITDA multiple over ten times future annual lease payments. These sale proceeds and our projected second half 2022 free cash flow represent a $60 to $70M net debt reduction since June 30. Our capital light business model provides significant flexibility to use the sale proceeds and free cash flow generated to improve our balance sheet and fund growth opportunities."
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VSAC | Hot Stocks08:40 EST Newsight Imaging selected by Drive TLV for 2023 FastLane commercialization - Newsight Imaging announced it was selected for the 2023 FastLane commercialization program for smart mobility startups offered by DRIVE TLV, a leading Israeli innovation hub. FastLane is a commercialization program for smart mobility startups offering selected companies the opportunity to share their innovations with DRIVE TLV's corporate partners. The six-month program provides a framework for creating and adjusting value propositions in accordance with the real-life needs of the corporate partners and promotes meaningful long-term relationships between partners and startups. "We were honored to be selected for this year's FastLane program and the opportunity to work directly with its automotive partners," said Eli Assoolin, Newsight Imaging CEO. "We were privileged to introduce Newsight's high-performance, affordable image sensors for 3D imaging solutions and spectral analysis applications to several global automotive companies and mobility thought leaders in attendance at Drive TLV's Smart Mobility Tech Show, where this year's Fastlane showcase was held. Our CMOS image sensors can be used in many areas of mobility and contribute to major innovations in the automotive industry. We look forward to participating in the upcoming program, building close relationships with the automotive partners, and gaining an understanding of their needs and innovation interests." On August 30, 2022, Newsight Imaging announced that it has entered into a definitive agreement to become publicly listed through a merger transaction with Vision Sensing Acquisition, a publicly traded special purpose acquisition company
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FUBO | Hot Stocks08:39 EST FuboTV, SMAC Productions to co-produce eight part football documentary - SMAC Productions, a division of SMAC Entertainment, creator of scripted and non-scripted content, and Fubo Studios, the original production arm of FuboTV, have announced plans to co-produce an eight-part documentary series on the evolution of the Black quarterback in America. Through a series of conversations with former and current players and coaches, cultural figures, celebrities and journalists, all led by Michael Vick - the series will examine how on-field commanders changed the game and led off-field movements.
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VEDU | Hot Stocks08:38 EST Visionary Education Technology announces board changes - Visionary Education Technology announced the board of directors changes, effective on November 22, 2022. The Company's board of directors elected Marc Kealey as the Company's Chairman of the Board of Directors and a member of the Board to succeed Dr. Thomas Traves, who resigned on November 22, 2022. Additionally, the Board elected William Chai as the Company's member of the Board, Chairman of the Audit Committee, and member of the Nominating and Corporate Governance Committee, and the Compensation Committee of the Board. Dr. Zaiyi Liao, Colin Dodds and Dr. Haipeng Xie have resigned from their roles in the Board on November 22, 2022. Kealey has over 30 years' experience in business and advocacy. He is President of K&A, a public policy and business management firm located in Mississauga, Ontario Canada since 2007. Chai has over 35 years' experience in business investment, venture capital investment, fund management, and fundraising. For the past five years, Chai has served as one of the founding partners of Global Call to Acton Against Poverty, a nonprofit organization and global network.
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PHUN | Hot Stocks08:38 EST Phunware launches initiative to give back control of consumer data - Phunware announced it intends to give control of data currently stored by the Company back to consumers in an ongoing effort to commercialize a new data economy that leverages blockchain to reimagine how brands engage consumers. By most accounts, data is now the most valuable asset in the world. Phunware has gathered over a petabyte of data from billions of devices with the intention of creating a Phunware ID for every human being on the planet with a mobile device touching a network. To better manage consent and ensure fair compensation for first-party data, Phunware will enable consumers to identify and manage data being curated within the Phunware Knowledge Graph. Phunware intends to compensate consumers in PhunCoin for use of their data and increasing the value of the ecosystem, while rewarding them in PhunToken for generating additional data through brand engagement.
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NVTS | Hot Stocks08:37 EST Navitas Semiconductor says GaNFast power SICs used by Xiaomi Redmi - Navitas Semiconductor announced its next-gen GaNFast power ICs have been used by Xiaomi Redmi for their 120 W and 210 W ultra-fast smartphone chargers. The new Redmi Note 12 Explorer and Redmi Note 12 Pro+ are the first equipped with the MediaTek Dimensity 1080 chipset, with large 107.4 mm / 6.67" FHD+ OLED displays and 120 Hz refresh rate. Both phones feature 16 MP front, and 200 MP rear cameras - a huge step in mobile filming.
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TANH | Hot Stocks08:37 EST Tantech Holdings subsidiary receives second order from Nigeria for 6 midibuses - Tantech Holdings announced that its subsidiary, Shangchi Automobile had received a second order from Nigeria to export 6 additional fully customized midibuses within 60 days. Tantech has successfully integrated several innovations with solid track records into vehicle design and craftsmanship. Both vehicle power and energy efficiency have been significantly improved, largely by adopting a more robust engine with embedded advanced technologies.
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VTGN | Hot Stocks08:36 EST VistaGen gets FDA 'Study May Proceed' letter for IND to treat major deppression - Vistagen announced receipt of a "Study May Proceed" letter from the U.S. Food and Drug Administration, FDA. The letter greenlights a U.S. Phase 1 clinical trial under Vistagen's newly filed Investigational New Drug or IND application for clinical development of PH10 in the U.S. as a standalone treatment for major depressive disorder MDD. The small Phase 1 trial will involve the Company's newly optimized formulation of PH10 and is intended to both confirm the favorable safety profile of PH10 established in three previous clinical studies conducted in Mexico, including a published Phase 2A study for the treatment of MDD, and facilitate Vistagen's plans for Phase 2B development of PH10 as a stand-alone treatment for MDD. "People living with major depressive disorder urgently need new and differentiated therapies - we are committed to addressing that need. The FDA's clearance to advance our clinical program for PH10 in the U.S. is another important milestone for our company," stated Shawn Singh, Chief Executive Officer of Vistagen. "With our newly optimized formulation and manufacturing process for PH10 in place, the FDA's greenlight will now enable us to first confirm its favorable safety profile in a small Phase 1 study next quarter and then seek consensus with the FDA regarding our Phase 2B development plan for PH10 in major depressive disorder."
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RCON | Hot Stocks08:36 EST Recon Technology awarded $940,000 two year contract - Recon Technology announced that Nanjing Recon Technology Co. has been awarded an approximately $940,000 two-year contract to provide automation control and instrumentation maintenance services for a gas generation plant operated by a top mainland China's oil and gas company. The contract involves both fixed maintenance fees and variable expenses on component replacement fees. Recon will also be in charge of repair works and provide emergency troubleshooting across platforms and channels to ensure smooth data transfer, power supply and stable remote connection on the production site.
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ACER | Hot Stocks08:36 EST Acer Therapeutics announces $1.5M private placement - Acer Therapeutics announced that it has entered into definitive agreements with its CEO as well as its Chairman for a private placement of its securities for gross proceeds of $1.5 million. On November 29, 2022, Acer entered into a securities purchase agreement for the sale and issuance of an aggregate of 1,229,508 shares of the Company's common stock, for an aggregate purchase price of $1,499,999.76, in a private placement transaction at a price per share of $1.22, which represented a 5.2% premium to the $1.16 closing price of the common stock on that day. The investors are Chris Schelling, CEO and Founder of Acer, and Steve Aselage, Chairman of Acer's Board of Directors. The private placement is scheduled to close on or about December 2, 2022, subject to the satisfaction or waiver of customary closing conditions. The proceeds from the private placement will be used by Acer for working capital and general corporate purposes and, together with Acer's existing cash and cash equivalents, are expected to be sufficient to fund the Company's anticipated operating and capital requirements through the fourth quarter of 2022.
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BELFA | Hot Stocks08:35 EST Bel Fuse appoints Kozlovsky as Global Head of People - Bel Fuse announced Suzanne Kozlovsky has been appointed as Global Head of People. In this newly created executive level position, Kozlovsky will initially be focused on a series of initiatives around associate engagement, development, talent retention strategies and compensation structure. Prior to her appointment by Bel, Kozlovsky was Vice President of Human Resources for Prinova where she was a core member of the Global Executive Council and Strategy and Investment Team.
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CLIR | Hot Stocks08:35 EST ClearSign receives purchase order for 16 burners from California refinery - ClearSign Technologies announced that the Company has received the concluding purchase order to proceed with the last phase of the 20 burner project announced on March 29 for a California refinery. The purchase order is for the manufacture and delivery of the remaining 16 burners, control equipment and spare parts. This purchase order follows the purchase order for a multi burner test and four burners required for that testing, and other ancillary items announced on September 1. Work associated with the September 1st purchase order has progressed into the final testing and demonstration phase. The 20 burners are to be installed into two heaters at the customers refinery site in California in 2023 during their scheduled maintenance shutdown.
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GWRS | Hot Stocks08:35 EST Global Water Resources raises monthly cash dividend 1% to 2.483c per share - Global Water Resources has declared, under its dividend policy, a monthly cash dividend increase of 1% to 29.791c on an annualized basis. This equates to a monthly dividend of 2.483c. The first dividend at the new monthly rate will be paid on December 29, 2022, to holders of record at the close of business on December 15, 2022.
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EVOK | Hot Stocks08:34 EST Evoke Pharma receives notice of allowance from USPTO for GIMOTI patent - Evoke Pharma announced the United States Patent and Trademark Office, USPTO, issued a Notice of Allowance for U.S. Application No. 17/100,664 for GIMOTI. Once issued, the patent, entitled "Nasal Formulations of Metoclopramide" will expire in December 2029. This patent application is a continuation of several other U.S. patent applications filed by the company over the last decade. "We are thrilled and highly encouraged by the strides we have made with the USPTO and its continued acknowledgement of the novel and inventive nature of GIMOTI", said Matt D'Onofrio, Chief Business Officer of Evoke Pharma. Mr. D'Onofrio continued, "This newly allowed patent application helps to ensure the availability of GIMOTI amongst patients and health care providers in the U.S."
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SCYX | Hot Stocks08:33 EST Scynexis announces $3M NIH grant awarded to study fungerp - SCYNEXIS announced that researchers from Case Western Reserve University in Cleveland have been awarded a competitive research grant of more than $3M by the National Institutes of Health, NIH, to investigate a second generation fungerp developed by SCYNEXIS as a potential treatment for Candida auris (C.auris), a multidrug-resistant yeast that causes serious and often deadly infections. The five-year grant from the National Institute of Allergy and Infectious Diseases of NIH will allow the team led by researchers at the Case Western Reserve School of Medicine and University Hospitals Cleveland Medical Center to evaluate this novel antifungal drug developed by SCYNEXIS. The research team will be led by Mahmoud Ghannoum, Ph.D. "It is thrilling to see the NIH fund this important research to investigate oral and IV SCY-247, one of our patented triterpenoid antifungals, to target drug resistant C. auris, where there is great need due to limited treatment options and the potential to save lives," said Marco Taglietti, M.D., President and Chief Executive Officer of SCYNEXIS. "We congratulate Dr. Ghannoum on receiving this grant and want to express our gratitude for his ongoing commitment to patients suffering from terrible and deadly fungal infections."
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SSYS NTNX | Hot Stocks08:33 EST Stratasys announces Christian Alvarez as chief revenue officer - Stratasys (SSYS) announced that Christian Alvarez has joined the company as its new chief revenue officer, reporting to CEO Yoav Zeif. Prior to joining Stratasys, Alvarez served as Senior Vice President, Worldwide Channel Sales at Nutanix (NTNX).
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GLW | Hot Stocks08:33 EST Corning unveils Corning Gorilla Glass Victus 2 - Corning Incorporated unveiled its newest glass innovation, Corning Gorilla Glass Victus 2. Corning continues to push the boundaries of glass by expanding its Corning Gorilla Glass portfolio. With a new glass composition, Gorilla Glass Victus 2 delivers improved drop performance on rough surfaces like concrete, the world's most abundantly engineered material, while preserving the scratch resistance of Gorilla Glass Victus.
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GNE | Hot Stocks08:33 EST Genie Energy acquires retail customer portfolio from Mega Energy - Genie Energy announced that it has acquired a portfolio of residential and small commercial customer contracts from Mega Energy. The portfolio of acquired customers is located in seven states in the Northeast and Midwest, all within Genie's current geographic footprint of deregulated retail markets. It comprises approximately 11,000 residential and commercial customer meters. The company expects the acquired portfolio to be immediately accretive. Terms of the deal were not disclosed.
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CLRB TGTX | Hot Stocks08:31 EST Cellectar Biosciences appoints Lea as Chief Commercial Officer - Cellectar Biosciences (CLRB) announced the appointment of Shane Lea as its chief commercial officer, effective November 21, 2022. Lea brings to Cellectar Biosciences comprehensive commercial leadership experience in hematology and oncology. In his most recent role as senior vice president hematology at TG Therapeutics (TGTX), he oversaw the sales, marketing and analytics teams for the hematology franchise.
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PLNT | Hot Stocks08:31 EST Planet Fitness launches redesigned version of the Planet Fitness App - Planet Fitness launched a redesigned version of the Planet Fitness App, providing an updated digital experience to support current and prospective members through their fitness journeys. With the latest Planet Fitness App release, the company is continuing to invest in its bricks with clicks digital strategy and its mission to get the 80% of consumers without a gym membership off the couch and moving.
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NVOS | Hot Stocks08:26 EST Novo Integrated Sciences unit in consulting pact with pharma firm Sarfez - Novo Integrated Sciences, and Clinical Consultants International , a Novo wholly-owned subsidiary, announced the signing of a Consulting Agreement with Sarfez Pharmaceuticals a pharmaceutical research and development company. Dr. Joseph M. Chalil, MD, MBA, FACHE, Chief Medical Officer of Novo, stated, "Over 50% of patients with heart failure have overactive bladder problems adversely impacting their quality of life. The majority of patients with heart failure are prescribed one of three approved loop diuretics; however, patients may be exposed to worsening bladder problems due to dose adjustment risk. FDA-approved SOAANZ is a gentler loop diuretic that induces gradual and sustained diuresis for the patient over a longer period of time. Through its deep network of hospitals, physicians, and independent pharmacies for direct patient sales, CCI and the Novo team will immediately begin collaborating with Sarfez on the marketing and distribution of commercially available SOAANZ."
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DBKSF | Hot Stocks08:23 EST DigiMax announces results of annual, special shareholder meeting - DIGIMAX GLOBAL is pleased to announce several changes to the Company that are a result of matters approved at its Annual and Special Meeting of shareholders held on November 28, 2022, and a subsequent meeting of the Board of Directors. The Meeting was held 10:00 a.m. on November 28, 2021 and the following matters were addressed by the shareholders: the audited consolidated financial statements for the financial years ended January 31, 2021 and 2022, were received; A new Board of Directors was elected that includes: Yossi Nevo - Chairman; Michael Kron - Audit Committee Chair; Ofir Friedman; Bhavuk Kaul; Chris Carl; Clearhouse LLP was re-appointed as auditor of the Corporation, for the coming financial year; the Corporation's proposed omnibus equity incentive plan was received and approved by the shareholders; a special resolution was passed authorizing the Corporation to amend its articles of incorporation to change the name of the Corporation to a name determined by the Board in its sole discretion. In a subsequent meeting, the Board of Directors approved the following resolutions: Changing the name of the Company to a name to be determined by the Board; Accepting the resignations of Chris Carl as Chief Executive Officer and Thierry Hubert as Chief Technology Officer; Appointing Yossi Nevo as Chief Executive Officer and Yoav Sivan as Chief Technology Officer; Direction to transition out of operations of all crypto-related business activities; Authorized the creation of a new business plan that will allow the Company to focus its efforts on continuing to grow revenue and margins exclusively in the Spetz business of home and family services on a global basis. The Company has filed the audited financial statements for the Spetz business for the year ended December 31, 2021 and intends to file its interim financial statements for the period ended October 31, 2022 on or before December 24, 2022. The Company also intends to file an annual information form comprehensively describing the Spetz business on or before January 31, 2023.
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IPA BCTX | Hot Stocks08:21 EST IPA unit BioStrand and BriaCell announce $500K artificial intelligence deal - ImmunoPrecise Antibodies announced that BioStrand an AI in silico discovery subsidiary of IPA, has entered into a research collaboration and license agreement with BriaCell Therapeutics (BCTX,) a clinical-stage biotechnology company specializing in targeted immunotherapies for cancer. The collaboration will leverage BioStrand's LENSai software, built upon IPA's proprietary HYFT Universal Fingerprint technologies, and will focus on in silico antibody discovery to generate relevant clinical molecules for potential development. Under the terms of the Agreement, BioStrand and BriaCell will collaborate on the design, discovery, and development of anti-cancer antibodies. Upon successful antibody discovery, BioStrand will receive an upfront payment of $500,000, and will be eligible to receive future success-based development milestones, including those for the submission of Investigational New Drugs clinical milestone payments, and commercial royalties on net sales of products. Further terms are not disclosed. "We are very excited to begin this program with BriaCell and apply our technology to the development of biologics that may have a huge clinical impact," stated Dr. Ingrid Brands, General Manager and co-founder of BioStrand. "Shortening timelines, while also integrating as much information as possible upstream to improve the efficiency of the process, is extremely important in the development of highly targeted therapies. It is a step towards realizing our long-term vision of significantly advancing precision medicine."
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AYTU | Hot Stocks08:20 EST Aytu BioPharma announces highest weekly Aszenys XR-ODT prescriptions - Aytu BioPharma announced the highest weekly prescription total for Adzenys XR-ODT extended-release orally disintegrating tablets, CII, since the inception of the Aytu RxConnect patient support program. For the week ending November 18, 2022, a record 5,186 total prescriptions were filled for Adzenys XR-ODT. Adzenys XR-ODT prescriptions are up 9.9% over the preceding thirteen-week period. Josh Disbrow, Chief Executive Officer of Aytu, said, "We're pleased with the continuing growth of Adzenys XR-ODT, driven in part through our sales team's execution in the field and our messaging to clinicians. Specifically, we continue to inform our clinician partners that Adzenys XR-ODT, an FDA-approved bioequivalent alternative to Adderall XR, continues to be available for their patients. Given the continuing supply disruptions many patients and clinicians have faced this fall and may face into 2023, we're pleased to offer Adzenys XR-ODT as a potential alternative to Adderall XR. Access to Adzenys XR-ODT is simple, convenient, and cost effective for patients via the Aytu RxConnect program and our network of approximately 1,000 pharmacies nationwide."
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ODV | Hot Stocks08:15 EST Osisko Development announces sampling results from Trixie test mine - Osisko Development announces sampling results from its ongoing underground exploration program at its 100%-owned Trixie test mine, within the Company's wider Tintic Project, located in the historic East Tintic Mining District in central Utah, U.S.A. Chris Lodder, President of Osisko Development, commented, "Tintic continues to deliver high grade sampling results as our exploration efforts expand the area of mineralization in and around Trixie. As we continue to drive development to reach deeper levels of the mine beyond the main 625 level towards the end of 2023, we are very excited to test exploration potential of target areas located adjacent to historic mine workings that have previously not been tested to date. In addition to Trixie, our greater understanding of the controls on the various styles of precious and base metal mineralization opens up years of potential exploration growth and excitement for our shareholders."
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CYTO | Hot Stocks08:14 EST Altamira Therapeutics announces launch of Bentrio in Hong Kong by partner - Altamira Therapeutics announced that its licensee and distribution partner Nuance Pharma has launched its Bentrio nasal spray in Hong Kong. Bentrio is being marketed in Hong Kong to help with protection against both airborne viruses as well as allergens. Earlier this year, the Company entered into an exclusive Bentrio license and distribution agreement with Nuance covering Mainland China, Hong Kong, Macao and South Korea. "We are very excited to see our partner Nuance Pharma take the first step in bringing Bentrio to the promising Chinese market," commented Thomas Meyer, Altamira's founder, Chairman and CEO. "Daily life in Hong Kong continues to be negatively impacted by COVID-19. We believe that Bentrio, with its triple mode of action, offers a safe and effective means to strengthen protection against harmful airborne particles. We look forward to working together with Nuance Pharma in requesting marketing approval for Bentrio in Macao, Mainland China and South Korea in 2023."
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BCAN | Hot Stocks08:14 EST BYND Cannasoft aims to enter global condom market - BYND Cannasoft Enterprises announced it is aiming to enter into the global condom market, which is expected to grow to $10.97 billion by 2030. The company intends to offer consumers a revolutionary design for sexual pleasure as it expands its patent for its EZ-G device to include an innovative double-faceted condom design. According to the patent application, the double-faceted condom will have a double pocket containing lubricant to heighten both partners' sexual pleasure. BYND Cannasoft intends to design its double-faceted condom to enhance pleasure and comfort while increasing the use of protection during sex and lowering the number of sexually transmitted infections. According to the patent application, the condom will have a double pocket that will contain a lubricant that is released evenly when used. The advantage of this type of condom is the possibility of diluting the lubricants with natural oils, such as CBD, at low concentrations. The oil will be evenly dispersed which is designed to alleviate difficulties in intimate relationships and increase pleasure for both partners.
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CNTA | Hot Stocks08:12 EST Centessa appoints Karen Anderson as new Chief People Officer - Centessa Pharmaceuticals announced Karen Anderson as its new Chief People Officer. In this newly created position, Anderson will lead the Company's human resources function and "help define Centessa's people and culture strategy," the company said. Anderson joins Centessa with over 25 years of experience in human resources roles spanning the biotechnology/pharmaceutical, technology and healthcare industries. Prior to joining Centessa, Anderson was Chief Human Resources Officer at Mimecast Limited.
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EGHT | Hot Stocks08:12 EST 8x8 terminates CEO Dave Sipes, Samuel Wilson named interim CEO - 8x8 announced the following leadership changes, effective immediately: Samuel Wilson, most recently the company's CFO, has been appointed interim CEO by the board. Wilson succeeds Dave Sipes, whose employment relationship with the company as chief executive officer has been terminated effective as of November 30. Kevin Kraus, most recently the senior VP of finance at the company, has been appointed as interim CFO. The board has initiated a process to identify a permanent CEO and CFO, which will include both internal and external candidates. Separately, Laurence Denny, formerly chief compliance officer, deputy general counsel, and assistant corporate secretary, has been promoted to chief legal officer and corporate secretary effective December 9, succeeding Matthew Zinn. Zinn has informed the board that he is resigning, effective December 9 to accept the position of chief legal officer at another publicly traded company in an unrelated industry.
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DOOO | Hot Stocks08:11 EST TSX approves BRP's renewal of its NCIB - BRP announces that the Toronto Stock Exchange, or TSX, has approved the renewal of its normal course issuer bid, or NCIB, to purchase for cancellation up to 3,519,398 subordinate voting shares over the twelve-month period commencing on December 5 and ending no later than December 4, 2023, representing approximately 10% of the public float of 35,193,988 subordinate voting shares as at November 28, 2022. As at November 28, 36,361,267 subordinate voting shares were issued and outstanding. Under TSX rules, BRP will be allowed to purchase daily, through the facilities of the TSX, a maximum of 51,425 subordinate voting shares representing 25% of the average daily trading volume of 205,703, as calculated per the TSX rules for the most recently completed six calendar months. In addition, BRP may make, once per week, a block purchase of subordinate voting shares not directly or indirectly owned by insiders of BRP, in accordance with TSX rules. The subordinate voting shares purchased pursuant to the NCIB will be cancelled. The price to be paid by BRP for any subordinate voting share will be the market price at the time of acquisition, plus brokerage fees. In connection with this NCIB, BRP has entered into an automatic share purchase plan with a designated broker to allow for the purchase of subordinate voting shares under the NCIB at times when BRP would ordinarily not be permitted to purchase shares due to regulatory restrictions or self-imposed blackout periods. Pursuant to the APP, before entering into a blackout period, BRP may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with the terms of the APP. Under the NCIB that will expire on December 3, 2022, as of November 30, 2022, BRP purchased 989,150 subordinate voting shares at a volume weighted average price of $101.10. The Board of Directors of BRP believes that the purchase by BRP of its subordinate voting shares could represent an appropriate and desirable use of its available cash to increase shareholder value.
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WKEY | Hot Stocks08:11 EST WISeKey to host array of NFT interactions at Miami Art Week - WISeKey International Holding announced that international artists have joined its WISe.ART NFT Marketplace. WISe.ART NFT Marketplace increasingly see a future for the tokens that upends the economics of content creation and influence on the internet. The WISe.ART team is the ART MIAMI, SCOPE, ARTBASEL AND DCENTRAL this week attending conferences and events to scout for new material and inform major collectors of the importance of NFTs for their existing collection and new acquisitions in digital art.
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RCAT | Hot Stocks08:11 EST Red Cat's Skypersonic delivers drones, rover, piloting platform to NASA - Skypersonic - a subsidiary of Red Cat Holdings - announces that it recently delivered to NASA the hardware and software for a rover and drone system that the crew members of NASA's Simulated Mars Missions will use to remotely explore Martian-like terrain around Earth - all from their 1,700-square-foot simulated Martian habitat at the Johnson Space Center in Houston, Texas. In the Simulated Mars Missions CHAPEA, crew members will spend one year living and working in a habitat at Johnson Space Center that has been designed and built to simulate life on the Red Planet. The Skypersonic drones and rover will be taken to an area on Earth that is similar to Martian terrain where they will be controlled remotely by crew members in Houston. The hardware and software delivered to Houston were proven in August 2022. "This recent delivery is the latest milestone in our five-year contract with NASA to provide drone and rover hardware, software, and support to the Simulated Mars Missions. We look forward to working closely with the Simulated Mars Missions crews in the coming years to develop and test the prototype of the first drones and rovers to be used by humans on Mars. The challenges are great - extremely thin atmosphere, dramatically cold temperatures, a largely unknown environment - but I am confident we will prevail and advance the science of our industry in the process," said Skypersonic CEO Giuseppe Santangelo.
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JHG AB | Hot Stocks08:11 EST Janus Henderson names Michelle Dunstan Chief Responsibility Officer - Janus Henderson Group (JHG) announces the appointment of Michelle Dunstan as Chief Responsibility Officer. Joining on 9 January 2023, Michelle will be responsible for overseeing Janus Henderson's corporate responsibility and responsible investing efforts. She will be based in the US and report to Ali Dibadj, Janus Henderson's Chief Executive Officer. Michelle joins Janus Henderson from AllianceBernstein (AB), where she has spent the last eighteen years in a variety of roles, including as global equities Portfolio Manager and Senior Research Analyst, and most recently as Chief Responsibility Officer. In that role, she developed and maintained AllianceBernstein's Corporate Environmental, Social, and Governance strategy, and co-created and co-managed one of their ESG-focused equity portfolios. In a former role, Michelle devised AllianceBernstein's Responsibility policies, where she steered their ESG governance strategy, ESG integration process, engagement escalation, and stewardship policies.
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CG | Hot Stocks08:10 EST CD&R, Greenbriar to facilitate merger of Paradigm Precision, Whitcraft Group - Clayton, Dubilier & Rice and Greenbriar Equity Group announced definitive agreements under which CD&R-managed funds and funds managed by Greenbriar will invest to combine Paradigm Precision, a global independent provider of complex machining, fabrications and assemblies for engine manufacturers currently majority owned by funds managed by Carlyle, with Whitcraft Group, a manufacturer of precision formed, machined, and fabricated flight-critical aerospace components and current Greenbriar portfolio company. The combination of Paradigm and Whitcraft will create a scaled and diversified manufacturer of complex, high-tolerance components used in commercial and military aviation engines. Terms of the transactions were not disclosed.
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FRSH | Hot Stocks08:10 EST Freshworks appoints Jason Loomis as CISO - Freshworks announced the appointment of Jason Loomis as Chief Information Security Officer. With this appointment, the company bolsters its senior technical leadership as it continues to put the power of software back in the people's hands with applications easy enough for everyone to use. Jason brings more than 20 years of experience in information technology and cybersecurity leadership to the role, most recently serving as the Chief Information Security Officer at MINDBODY, Inc., overseeing an enterprise-wide information security program and leading a globally-dispersed team.
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ZS | Hot Stocks08:09 EST Zscaler achieves FedRAMP authorization for entire Zero Trust Exchange platform - Zscaler announced that Zscaler Private Access has achieved FedRAMP Moderate authorization, making Zscaler the only cloud security service provider to have all core solutions comprising its portfolio of products - the Zscaler Zero Trust Exchange platform - now authorized through the U.S. Federal government's FedRAMP program at High and Moderate levels. Government agencies and their contractors will be able to use Zscaler's Zero Trust platform for systems that manage their most sensitive information and protect against cyber threats. "Five years ago Zscaler committed to achieving FedRAMP Moderate and High authorization for our entire Zero Trust platform. The Zscaler Zero Trust Exchange includes Zscaler Secure Web Gateway, the first TIC 3.0 cloud solution to be authorized by the FedRAMP office. Zscaler's FedRAMP goals are complete, and today hundreds of Federal agencies and Defense Industrial Base customers are using these platforms to secure their missions," says Stephen Kovac, Chief Compliance Officer, Zscaler. "Additionally, Zscaler has completed IL5 certification on its zero trust platforms, which aligns with the release of the Pentagon's zero trust strategy. In the coming months, you will hear more from our team. We will share our process and lessons learned as we've grown to become the Federal government's most trusted cloud security provider. Our hope is that other organizations will benefit and likewise strengthen Federal cyber defenses."
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ERAS | Hot Stocks08:09 EST Erasca announces CTCSA with Pierre Fabre to evaluate ERAS-007 - Erasca announced a clinical trial collaboration and supply agreement, CTCSA, with Pierre Fabre for the BRAF inhibitor encorafenib within key international territories. This agreement will support a clinical proof-of-concept trial evaluating ERAS-007, an oral ERK1/2 inhibitor, in combination with encorafenib and the anti-EGFR antibody cetuximab for the treatment of patients with BRAF V600E-mutant metastatic colorectal cancer. This combination is being investigated as part of the ongoing Phase 1b/2 HERKULES-3 master protocol in patients with gastrointestinal malignancies. Erasca will sponsor the trial, and Pierre Fabre will supply encorafenib in the Pierre Fabre territories which include Europe and Asia Pacific. "We are excited to work with Pierre Fabre, a leader in precision oncology, on an international collaboration to explore ERAS-007 in combination with encorafenib and cetuximab in BRAF mCRC," said Jonathan E. Lim, M.D., Erasca's chairman, CEO, and co-founder. "This partnership complements our existing CTCSA with Pfizer for encorafenib within the United States and other markets. Resistance mechanisms, particularly through MAPK reactivation, limit long-term benefit with current standard of care BRAF-targeted treatments. By blocking RAS/MAPK pathway signaling at the most distal node, ERK1/2, ERAS-007 can potentially prevent pathway reactivation."
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CVU RTX | Hot Stocks08:08 EST CPI Aerostructures receives multi-year agreement, $7.5M firm order from Collins - CPI Aerostructures (CVU) announced that it has entered into a pricing agreement with Collins Aerospace, a Raytheon Technologies (RTX) business, to provide highly integrated airborne pod structures in support of Collins' MS-110 Multispectral Airborne Reconnaissance System. The agreement has a three-year period of performance with an option for an additional year. The Company had received initial funding for non-recurring of $1.2 million under the agreement in the 1st Quarter 2022. This most recent delivery order and associated program start-up costs add additional funding to the original award.
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HROW | Hot Stocks08:07 EST Harrow Health expands product supply pact with iOR Partners' - Harrow jointly announced the expansion of their national product supply agreement to provide Harrow's entire formulary compounded ophthalmic products to iOR Partners' expanding office-based surgery locations across the United States."We are thrilled to be working alongside iOR Partners as they mobilize an increasing number of cataract surgeons to perform surgery in an office-based environment, offering more personalized care in a patient-friendly setting," said Mark L. Baum, Chairman and CEO of Harrow. "iOR Partners assists practices nationwide to make office-based ophthalmic surgery a reality. Our mission has always focused on making medications accessible and affordable, and working with iOR Partners, the national leader in this fast-growing area of ophthalmic surgery, represents an important and growing channel for Harrow to meet our mission."
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MCAG | Hot Stocks08:07 EST AUM Biosciences receives FDA ODD for AUM302 - AUM Biosciences announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation, ODD, for AUM302, a potential first-in-class oral kinase inhibitor that targets not only PI3K, but also key resistance mechanisms such as PIM and mTOR, for the treatment of neuroblastoma. "The Orphan Drug Designation for AUM302 is the second Orphan Drug Designation we have received for our products this year, marking a significant milestone for AUM as we advance our diverse pipeline of precision oncology therapeutics designed to reverse cancer resistance," said Vishal Doshi, Founder and CEO of AUM. "AUM302 has the potential to be the first-in-class multi-kinase inhibitor for treatment of neuroblastoma. The FDA decision reinforces the strength of our drug development strategy and clinical trial design to deliver affordable, safe, and effective oncology treatments." On October 20, 2022, AUM and Mountain Crest Acquisition Corp. V, a publicly traded special purpose acquisition company formed in Delaware, whose management team has an impressive pedigree of successful SPAC transactions, announced that they have entered into a definitive business combination agreement.
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ENPH | Hot Stocks08:07 EST Enphase Energy launches IQ8 microinverters in France, Netherlands - Enphase Energy announced the launch of IQ8 Microinverters in France and the Netherlands, marking the first expansion into international markets for the product since its successful launch in North America late last year. IQ8 Microinverters are the smartest, most powerful microinverters yet for Enphase, with a 97.2 percent efficiency score based on European Union efficiency standards. IQ8 Microinverters are designed to match the latest generation of high output solar modules, delivering superior reliability, safety, and quality for residential solar systems. "We're pleased to be working with world-class installers in France and the Netherlands, helping us meet the growing demand for clean, reliable, and affordable energy in Europe," said Dave Ranhoff, chief commercial officer at Enphase Energy. "As Enphase continues to expand in the European solar market, we will look to enable our growth with best-in-class technology like IQ8 Microinverters and a continued focus on superior customer service."
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REGN | Hot Stocks08:06 EST Regeneron: FDA accepts for Priority Review sBLA for Evkeeza - Regeneron Pharmaceuticals announced the U.S. FDA has accepted for Priority Review the supplemental Biologics License Application for Evkeeza as an adjunct to other lipid-lowering therapies to treat children aged 5 to 11 years with homozygous familial hypercholesterolemia. The FDA target action date is March 30, 2023.
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KTRA | Hot Stocks08:05 EST Kintara Therapeutics regains compliance with Nasdaq listing rules - Kintara Therapeutics announced that the Company has received formal notice from The Nasdaq Stock Market stating that the Company has regained compliance with the minimum bid price requirement. The notice the Company received from Nasdaq on November 29, 2022 noted that the Company evidenced a closing bid price of its shares of common stock at or greater than the $1.00 per share minimum requirement for the last 10 consecutive business days.
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HYLN | Hot Stocks08:05 EST Hyliion Holdings delivers NYSE Christmas tree - Hyliion Holdings announced that it has delivered the New York Stock Exchange's iconic Christmas tree for the 99th annual lighting ceremony, which will take place this evening, November 30th, from 2 pm-6 pm ET.
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HSC | Hot Stocks08:05 EST Harsco signs five-year extension contract with Tata Steel - Harsco Corporation announced that its Harsco Environmental division has renewed its contract with Tata Steel at the Port Talbot steelworks for a period of five years starting July 1, 2022. Tata Steel is the UK's largest steel producer. Harsco has been providing critical services, including metal recovery, scrap processing, slag handling and BOS services at Port Talbot for more than 40 years. With an annual UK steel production of more than 3 million tonnes, Tata Steel supplies steel products to customers throughout the United Kingdom, mainland Europe and beyond. Over the next five years, Harsco Environmental will support Tata Steel's transformation project to decarbonise its operations. Tata Steel's UK business has an ambition to achieve CO2 neutral steel making by 2045 and achieving at least a 30% reduction in CO2 emissions by 2030. Harsco will continue to work with Tata Steel on several continuous improvement initiatives and collaborate on the ongoing transformation project.
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HD | Hot Stocks08:04 EST Home Depot purchases 100 MW of solar energy from National Grid Renewables - The Home Depot announced that 100 MW of solar energy purchased from National Grid Renewables at its solar and storage project in Denton County, Texas will generate the approximate equivalent of nearly eight percent of The Home Depot's total electricity usage. The solar farm is National Grid Renewables' largest solar energy project to date, and its first utility-scale energy storage project. The Home Depot has pledged to produce or procure 100% renewable electricity equivalent to the electricity needs for all Home Depot facilities by 2030, expanding the company's previous commitment to produce or procure 335 megawatts of renewable or alternative energy by 2025.
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NUWE | Hot Stocks08:03 EST Nuwellis receives 180-day extension to meet Nasdaq minimum bid price rule - Nuwellis announced it received an extension of 180 calendar days from the Nasdaq Stock Market to regain compliance with the Nasdaq's minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market, following the expiration of the initial 180 calendar days period to regain compliance on November 28, 2022. As a result of the extension, the Company now has until May 29, 2023 to regain compliance with the Bid Price Requirement. If at any time before May 29, 2023, the bid price of the Company's common shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification to the Company that it has achieved compliance with the Bid Price Requirement. This current notification from Nasdaq has no immediate effect on the listing or trading of the Company's shares, which will continue to trade on the Nasdaq Capital Market under the symbol "NUWE".
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ALK | Hot Stocks08:03 EST Alaska Air launches electronic bag tag program - Alaska Airlines became the first U.S. airline to launch an electronic bag tag program, which enables guests to tag their luggage through the airline's mobile app before they even reach the airport. This week, 2,500 Alaska Mileage Plan members will begin receiving their electronic bag tag. The airline became the first U.S. carrier to launch an electronic bag tag program. This week, 2,500 Alaska Mileage Plan members will begin receiving their electronic bag tag. Those elite status members included in the first wave of the program are guests who have traveled in the last 12 months, checked-in at least one bag and were among the first to register to use the device.
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WOOF | Hot Stocks08:03 EST Petco announces partnership with Stella & Chewy's - Petco Health announced a partnership with Stella & Chewy's that will bring the brand's raw and natural food products to Petco pet care centers, petco.com and the Petco app in January 2023. An advocate of healthy pet food since its founding in 2003, Stella & Chewy's is the category leader in the raw pet food space, and this expansion helps ensure that more pet parents will have access to the benefits of raw food as part of Petco's curated assortment of high-quality nutrition without artificial ingredients.
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UAL | Hot Stocks08:02 EST United Airlines invests in Natron Energy - United Airlines announced a strategic equity investment in Natron Energy, a battery manufacturer whose sodium-ion batteries have the potential to help United electrify its airport ground equipment like pushback tractors and operations at the gate. United has made substantial investments in companies developing technology to reduce aircraft emissions, but Natron is the first that has the potential to reduce the greenhouse gas footprint from United's ground operations. Natron plans to use the funds to accelerate production at its manufacturing facility in Holland, Michigan, where it will scale operations to begin mass production of UL-listed sodium-ion batteries in 2023.
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PWFL | Hot Stocks08:02 EST PowerFleet announces launch of Powerfleet Unity - Powerfleet announced the launch of Powerfleet Unity, a new fleet intelligence platform that unites people, assets, and data together to transform the way its customers do business. The Powerfleet Unity platform enables rapid and deep integration with IoT devices and third-party business systems to a highly scalable data pipeline that powers artificial intelligence-driven insights to help companies save lives, time, and money. Powerfleet Unity's extensive integration library of data sensory device types coupled with Powerfleet's modular, business performance improvement solutions allow customers to receive rapid speed to value and deliver dramatic positive change to their business.
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SPGI | Hot Stocks08:01 EST S&P Global plans to divest its Engineering Solutions business - S&P Global announced its intention to divest its Engineering Solutions business. This decision follows the merger of S&P Global and IHS Markit earlier this year. The solutions, data, technology and insights from Engineering Solutions allow over 6,000 global customers and 650,000 users to optimize workflows and end-user experiences. Its products enable engineers, builders and architects in many industries to access the data and insights they need to deliver complex projects and new products. S&P Global has engaged on a confidential basis several prospective buyers.
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WOOF | Hot Stocks07:58 EST Petco jumps 13% to $10.76 after Q3 results, FY22 guidance
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EBIX | Hot Stocks07:50 EST EbixCash wins long-term MSRTC contract for online reservation system - EbixCash has been awarded a long-term order for implementation of a new Electronic ticket issuance and online reservation system for one of India's largest states Maharashtra, by the Government owned Maharashtra State Road Transport Corporation. EbixCash will implement the end-to-end on-demand bus automation system involving deployment of 36,000 Electronic ticketing machines across all the MSRTC buses in the state. The initial term of the contract will be 5 years. As per the order, it is estimated that 6 billion passenger tickets will be handled by EbixCash over the initial 5-year term. As an integral part of the order, EbixCash also has been awarded advertising rights for printing any advertisement on backside of each ticket.
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DASH | Hot Stocks07:50 EST DoorDash reducing corporate headcount by approximately 1,250 people - Earlier today, Tony Xu shared the following with DoorDash employees: "This is the most difficult change to DoorDash that I've had to announce in our almost 10-year history. Today, we are reducing our corporate headcount by approximately 1250 people and saying goodbye to many talented teammates. If you are among those impacted, I am truly sorry and I apologize to have some of you wake up to this news as opposed to reading it during more normal hours. I know that for many of you, today's news will come as a shock, especially because our business remains strong and continues to grow. That is why I think it is important that I explain how I arrived at this decision, what we are doing for those departing DoorDash, and why I'm optimistic about our future." Reference Link
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IWINF | Hot Stocks07:34 EST Irwin Naturals to acquire Serenity Health, terms not disclosed - Irwin Naturals announced it reached a binding, arms-length, agreement to acquire Serenity Health, LLC in Louisville, Kentucky, on November 25, 2022. The move continues Irwin's national ketamine clinic rollup strategy that has seen the Company move quickly toward its goal of building Irwin Naturals Emergence into the world's largest chain of psychedelic mental health clinics. Irwin Naturals Emergence already includes clinics in Florida, Vermont, New Hampshire, Iowa, and Georgia. Currently, ketamine is the only psychedelic available for use in the United States outside of clinical trials when used as prescribed. However, MDMA and psilocybin may be authorized for therapeutic use in the future. This creates the possibility of radically changing the way we treat mental-health concerns. The company said, "Irwin Naturals Emergence is a wholly owned subsidiary of Irwin Naturals, and it was formed when the Company decided to enter the fast-growing sector of psychedelic mental healthcare. Over the past year, Irwin Naturals Emergence has identified ketamine clinics that practice a high standard of care to explore the possibility of adding these clinics to the national chain. This offers the possibility of increased economic efficiency because of the national scale of the operation that could help drive down operating costs, making it possible to pass savings along to the consumer in the form of sliding-scale discounts and even pro-bono treatments for those in need. Irwin Naturals' name and reputation makes it an impactful voice in this new area of mental healthcare due to the Company's history in safely caring for the health of its patients vouching for the safety and the efficacy of psychedelic treatment." The Agreement is subject to certain customary closing conditions and regulatory approvals. The total consideration will be paid in upfront and deferred consideration. Also included are contingent payments based on milestones related to expansion and profitability goals.
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NFYEF | Hot Stocks07:33 EST NFI Group receives order for 473 low-, zero- emission buses from San Diego MTS - NFI Group announced that its subsidiary New Flyer of America has received new firm orders for 41 transit buses from the San Diego Metropolitan Transit System, MTS, with options for up to an additional 432 buses. In total, NFI will add 617 Equivalent Units, EUs, to its backlog from firm and option orders. These units were included in NFI's pending awards at the end of the third quarter of 2022. The firm orders include: 28 Xcelsior compressed natural gas forty-foot, heavy-duty transit buses, and 13 Xcelsior CHARGE NG battery-electric forty-foot, heavy-duty transit buses. The five-year contract includes options to purchase forty-foot and sixty-foot Xcelsior CNG buses, as well as forty-foot and sixty-foot Xcelsior CHARGE NG battery-electric buses. Supported by Federal Transit Administration funds, this order will help MTS meet its goal of transitioning to a zero-emission fleet, which is outlined in its multi-year "Zero-Emission Bus Rollout Plan". In addition, the purchase will deliver on the California Air Resources Board's Innovative Clean Transit regulation, requiring agencies to transition to 100% ZEB fleets by 2040.
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WOOF | Hot Stocks07:33 EST Petco reports Q3 comparable sales growth of 4.1% - Generated $109.4M of operating cash flow in the third quarter, an increase of 27% year over year.
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CTVA | Hot Stocks07:32 EST Corteva to acquire Stoller Group for $1.2B - Corteva and Stoller Group announced that Corteva has signed a definitive agreement to acquire Houston-based Stoller, one of the largest independent Biologicals companies in the industry. With operations and sales in more than 60 countries and 2022 forecasted revenues of more than $400M, Stoller brings immediate scale and profitability, with EBITDA margins that will be accretive to Corteva. The acquisition of Stoller reinforces Corteva's commitment to providing farmers with Biological tools that complement evolving farming practices and help them meet changing market expectations. The Stoller purchase price of $1.2B in cash represents an enterprise value multiple of approximately 12x based on Stoller's expected EBITDA for 2022 on a stand-alone basis. The purchase price will be paid at closing, which is anticipated to be completed in the first half of 2023 following regulatory approvals and satisfaction of customary closing conditions. The Company expects that Stoller results will be accretive to both Operating EBITDA and Operating EPS for 2023.
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TMDI | Hot Stocks07:32 EST Titan Medical commences strategic review process - Titan Medical announced that its Board of Directors, in consultation with its financial and legal advisors, has determined that it is in the best interest of the Company and its stakeholders to undertake a review and evaluation of strategic alternatives that may be available to the Company to unlock shareholder value. As part of the process, the Board will consider a full range of strategic alternatives including corporate sale, merger or other business combination, a sale of all or a portion of the company's assets, strategic investment or other significant transaction. As part of the strategic review process, the Company has engaged Raymond James as financial advisor to advise the Company in connection with this broad and comprehensive review and analysis of strategic alternatives. The Company has not set a timetable for completion of the process and does not intend to provide any updates on developments unless and until the Company executes a definitive agreement with respect thereto, or the Board otherwise determines that an update is appropriate or required. While the Company intends to evaluate all options fairly to maximize shareholder value, there can be no assurance that the strategic review process will result in any transaction, or if a transaction is undertaken, as to its terms or timing.
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DPRO | Hot Stocks07:31 EST Draganfly's Vital Intelligence Technology selected by CorrecTek - Draganfly announces its Vital Intelligence Technology has been integrated with CorrecTek's Corrections Management Platform. Draganfly's Vital Intelligence Technology is designed to work both from Drones for public safety applications, and from other camera systems, to measure human vital signs in real-time. The integration of Draganfly's Vital Intelligence Technology into CorrecTek's platform can provide a cost-saving solution that can improve operational insight, workflows, overall safety, and time management. "We are very excited to integrate our Vital Intelligence Technology into CorrecTek's platform, which is used in over 200 correctional institutions and growing across the United States," said Cameron Chell, President and CEO of Draganfly. "This critical platform can help improve current intake procedures and provide valuable insight, all while helping provide a safe environment for everyone."
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PSN | Hot Stocks07:27 EST Parsons awarded $49M contract to support U.S. Army Intelligence S&T programs - Parsons Corporation announced that the US Army Operations and Intelligence Division of the C5ISR Center has selected the company to provide Intelligence Development Enabled Awareness research, development, integration, enhancement, transition, deployment, and sustainment of designated intelligence software systems. The $49 million Responsive Strategic Sourcing for Services indefinite-delivery, indefinite-quantity task order award includes a three-year period of performance and is new work for Parsons. This task order is part of the broader RS3 contract, a $37 billion ceiling-value master IDIQ contract vehicle providing services to support the spectrum of C5ISR mission areas to a diverse group of defense organizations throughout the world.
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MSSTF | Hot Stocks07:23 EST Mindset Pharma CEO Lanthier issues letter to shareholders - Mindset Pharma issued a letter to shareholders from James Lanthier, Chief Executive Officer of Mindset. "As we approach the end of 2022, I would like to take a moment to remind both shareholders and the broader investment community of Mindset's recent accomplishments since our last update and express our excitement for 2023 and beyond... All of our hard work has set the stage for Mindset to launch one or more of our novel drug candidates to first in-human clinical trials in 2023... MSP-1014 is a novel and patent pending rapidly metabolized prodrug of psilocin, the active metabolite of psilocybin, and is likely to exert similar efficacy to psilocybin in improving symptoms of depression in difficult to treat patient populations... In September, Mindset received positive Scientific Advice from the UK Medicines and Healthcare products Regulatory Agency on a range of points to finalize its first-in-human clinical trial plan evaluating its lead psychedelic drug candidate MSP-1014 for the treatment of Major Depressive Disorder. This guidance will enable Mindset to significantly reduce the time and expense to progress to human clinical trials, bypassing additional preclinical safety studies usually necessary for this clinical transition, and allowing Mindset to proceed directly to treating patients... Mindset's "Family 2" of novel drug candidates are characterized by a stronger effect size compared to psilocybin and the preclinical data collectively suggest a shorter effect duration than psilocybin. After extensive preclinical screening studies, a lead drug candidate, MSP-2020, and a back-up drug candidate, MSP-2003, were selected from Mindset's Family 2 program in October and advanced to IND-enabling studies with a leading global Contract Research Organization, representing a significant milestone in Family 2's development program for the Company and its shareholders... Mindset has an unmatched track record of strategically partnering with organizations that can help us advance and commercialize our innovations. Adding to our existing partnership with Otsuka's MSRD, in September, Mindset announced an an exclusive licensing agreement with Cybin... Complementing its new drug programs, Mindset has also developed a patent pending novel cost-effective manufacturing process to synthesize psilocybin. Mindset recently completed a large batch of cGMP psilocybin with a leading international CDMO. In November, Mindset entered into an exclusive sales agreement with PharmAla Biotech Holdings... We have intentionally expanded our discovery efforts beyond tryptamines and into new, innovative distinct chemical structures. These non-tryptamine drug classes are classified as Families 6, 7, and 8 and these families are showing promising preliminary results, thus far. Over the past few years, we have developed a rich pipeline of both tryptamine and non-tryptamine drug classes... Presently, Mindset's IP portfolio encompasses 15 patents and patent applications. In September, Mindset filed an additional 16 different national applications... Our recent achievements position Mindset for an even more exciting 2023 as we continue to make tremendous progress towards our ultimate goal of getting optimized drugs to patients."
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NXHSF MGA | Hot Stocks07:23 EST Next Hydrogen Solutions appoints Roha Advani as CFO - Next Hydrogen Solutions (NXHSF) announce that Rohan Advani will be joining the company as CFO, effective December 12, 2022. Rohan will be replacing Kasia Malz who is leaving the Company to pursue other interests. To ensure continuity, Ms. Malz will remain with the Company until January 2, 2023, and will continue in an advisory role thereafter to ensure a seamless transition. Rohan was most recently the Finance Department Leader at Magna International (MGA), where he led the financial operations for a $500M division.
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STER | Hot Stocks07:21 EST Sterling Check announces $700M credit facility, $100M share repurchase program - Sterling Check announced a $700M refinancing of the Company's credit facility and the authorization of a $100M share repurchase program. These distinct yet complementary strategic initiatives will enhance Sterling's financial position and flexibility by optimizing the Company's capital structure and allocation capacity. Sterling completed a refinancing of its existing debt via a $300M Term Loan A Facility and a $400M Revolving Credit Facility. The new structure extends the Company's debt maturity profile to November 2027, increases the Company's credit capacity, and is expected to reduce the Company's annual interest expense. The Company's total debt and net leverage are unchanged as a result of the transaction. Interest on the new credit facility will be based on a Total Net Leverage grid and will initially bear interest at the Secured Overnight Financing Rate plus a credit spread adjustment plus 2.25%. In the near term, Sterling plans to enter into an interest rate hedging arrangement to substantially fix the facility's interest rate. Sterling's Board of Directors also authorized the repurchase of up to $100M of the Company's shares over a period through December 31, 2024. The program is expected to be funded through the Company's existing cash and future free cash flow. It will be executed on a discretionary basis through open market repurchases, private transactions, or other transactions, including through block trades and Rule 10b5-1 trading plans. Share repurchases under the program will be consistent with the Company's strategic initiatives prioritizing investments in organic and acquisitive growth. The Company is not obligated to repurchase any specific number of shares, and the timing and amount of any share repurchases will be subject to several factors including share price, trading volume, market conditions, and capital allocation priorities. The share repurchase program may be suspended, terminated or modified without notice at any time.
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ALRN | Hot Stocks07:20 EST Aileron Therapeutics regains compliance with Nasdaq listing requirements - Aileron Therapeutics announced that it received written notice on November 28, 2022 from The Nasdaq Stock Market noting that Aileron has regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2), which requires the company to maintain a minimum closing bid price of $1.00 per share, and the matter is now closed. Nasdaq staff made this determination after Aileron's closing bid price was above $1.00 per share for 10 consecutive business days from November 11, 2022 to November 25, 2022.
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BTAI | Hot Stocks07:18 EST BioXcel announces first patients dosed in SERENITY III Phase 3 trial - BioXcel Therapeutics announced that the first 13 patients have been dosed in Part 1 of the pivotal Phase 3 SERENITY III trial investigating at-home use of BXCL501 sublingual film, the Company's proprietary, orally dissolving film, for agitation associated with bipolar I or II disorder or schizophrenia. "Evaluating BXCL501 for at-home use is an exciting and important milestone that potentially expands the market opportunity for the treatment of agitation and drives the growth of our neuroscience franchise," said Robert Risinger, M.D., Chief Medical Officer, Neuroscience of BioXcel Therapeutics. "We anticipate top-line data from SERENITY III as well as our TRANQUILITY II trial for Alzheimer's-related agitation in the first half of 2023."
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AMYT | Hot Stocks07:17 EST Amryt Pharma announces new patent for Mycapssa - Amryt announces an update regarding the patents for its product Mycapssa. The USPTO has issued to Amryt US Patent No. 11,510,963, with claims related to the Mycapssa product. This patent will expire in February 2036. With the addition of this patent, Amryt has ten Orange Book-listed patents for Mycapssa with patent protection through December 2040. Dr Joe Wiley, CEO of Amryt Pharma, commented: "We are always working to develop and extend our IP portfolio and today's news further illustrates the robust IP protection enjoyed by Mycapssa."
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OPTN | Hot Stocks07:17 EST Optinose extends expected cash runway beyond PDUFA data for XHANCE - Optinose provided corporate updates and announced that CEO Peter Miller will participate in a fireside chat at the 34th Annual Piper Sandler Healthcare Conference on December 1, 2022. "The addition of cash from the recent financing and the amendment of our note purchase agreement with Pharmakon enable our organization to focus on XHANCE growth and the submission of a supplemental NDA in early 2023," stated CEO Peter Miller. "We believe chronic sinusitis is an enormous opportunity relative to our current business with up to 10 times the number of diagnosed patients versus our current nasal polyps indication - many of whom are treated by the same physicians we call on today. We believe a first-ever approval in chronic sinusitis would be a significant advancement in care for patients and represents a valuable opportunity for our specialty business and a potential partner in primary care." On November 23, 2022, the Company's previously announced common stock and warrant financing closed resulting in approximately $50.0 million of gross proceeds to the Company, prior to deducting underwriting discounts and commissions and expenses payable by the Company. The Company expects that its current cash and cash equivalents will be sufficient to fund its operations and debt service obligations through the expected PDUFA action date for XHANCE as a treatment for chronic sinusitis in the fourth quarter of 2023. Concurrent with the financing, the Company amended and restated its note purchase agreement with Pharmakon. The amended and restated agreement extends the interest only period from September 30, 2023 to September 30, 2025, extends the maturity date from September 30, 2024 to June 30, 2027, modifies the financial covenant requiring the Company to achieve minimum trailing twelve-month consolidated XHANCE net product sales and royalties, and modifies certain other terms.
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ANTE | Hot Stocks07:17 EST AirNet Technology announces consolidation of authorized shares - AirNet Technology announced that it held an extraordinary general meeting of shareholders on November 30. At the meeting, the shareholders resolved by ordinary resolution to consolidate every forty of the authorized shares of each class of par value of 0.1c each in the capital of the Company into one share of the same class of par value of 4c each. The Share Consolidation will be effective at 5:00 P.M., on December 9. Following and as a result of the Share Consolidation, the authorized share capital of the Company will be $1,000,000 divided into 22,500,000 ordinary shares of a nominal or par value of 4c each and 2,500,000 preferred shares of a nominal or par value of 4c each. Any fractional shares held by any shareholder following and as a result of the Share Consolidation will be rounded up to the next whole number, by means of the Company issuing to such shareholder such additional fraction of a share, credited as fully paid, as shall be necessary to achieve such whole number.
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ACIU JNJ | Hot Stocks07:17 EST AC Immune's ACI-35.030 selected for further development - AC Immune (ACIU) announced that based on the Phase 1b/2a interim data, ACI-35.030, a potential first-in-class anti-phosphorylated-Tau vaccine candidate, has been selected for further development. The ACI-35.030 anti-pTau vaccine candidate is being developed in collaboration with Janssen Pharmaceuticals, part of the Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ). Dr. Andrea Pfeifer, CEO of AC Immune SA, commented: "The selection of ACI-35.030 for further development is a significant step for this collaboration. Early clinical testing showed that ACI-35.030 was generally well tolerated and induced specific activity against the pathological species of Tau, including the neurotoxic pTau and enriched paired helical filaments species, both of which are closely implicated in Alzheimer's disease. The excellent performance of ACI-35.030 in the trial participants potentially opens promising avenues for AD treatment and prevention, which could offer an important societal impact. We thank the team at Janssen for their contributions of valuable knowledge, expertise, and resources to support this collaboration." The selection of ACI-35.030 is supported by new clinical data from the Phase 1b/2a trial presented at the Clinical Trials on Alzheimer's Disease Conference 2022. The vaccine candidate was generally well tolerated.
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PRTC | Hot Stocks07:15 EST PureTech Health says studies of oral CBD prodrug LYT-310 begin Q423 - PureTech Health announced the nomination of a new therapeutic candidate, LYT-310, which is an oral cannabidiol CBD prodrug and the second therapeutic candidate developed from PureTech's Glyph platform to be advanced toward the clinic. Clinical studies of LYT-310 are expected to begin in Q4 of 2023.
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ARDS | Hot Stocks07:15 EST Aridis Pharmaceuticals closes patient enrollment in Phase 2a study of AR-501 - Aridis Pharmaceuticals announced the closing of patient enrollment in the multiple ascending dose and dose-ranging cohorts in the Phase 2a clinical trial of AR-501 in cystic fibrosis patients. The Company is on track to complete database lock, data analyses, and disclose top-line data in the first quarter of 2023. The Phase 2a study enrolled 39 CF patients from 24 clinical centers in the US. The CF patients were randomized and treated in 4 cohorts; 3 cohorts received three weekly multiple ascending doses of active drug at 6.4 mg, 20 mg and 40 mg or placebo, while the 4th Cohort being dose-ranging with subjects randomized to three weekly doses of AR-501 6.4 mg, 20 mg, or 40 mg, or placebo. CF subjects were followed for 28 days after last study dose for safety and pharmacokinetics of inhaled AR-501. Aridis previously reported positive Phase 1 safety data in June 2020 in healthy adults who were exposed to either a single ascending dose regimen or a multiple ascending dose regimen. "We worked diligently through the pandemic to enroll patients and are very pleased to reach this key milestone for our Phase 2a study of AR-501 in CF patients." commented Aridis' Chief Medical Officer Hasan Jafri, MD. "Our focus is now on data gathering from the clinical trial centers. We anticipate reporting top-line results in the first quarter of 2023."
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VGFC | Hot Stocks07:13 EST The Very Good Food Company receives reservation of rights from lender - The Very Good Food Company announced that it has determined that it is not in compliance with the cash coverage ratio financial covenant of not less than 2.50:1:00, as required pursuant to the terms of its loan agreement with Waygar Capital, which occurrence constitutes an event of default under the Loan Agreement. Waygar has subsequently issued a reservation of rights letter to the company, notifying the company that it does not intend to take any action in respect of the Default at this time, without waiving any of its legal rights under the Loan Agreement. The company continues to work closely and collaboratively with Waygar to reach a resolution, while it continues to explore strategic alternatives. However, there can be no assurance that Waygar will not proceed to enforce all rights available to it under the Loan Agreement.
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BLUE | Hot Stocks07:13 EST Bluebird Bio to sell Zynteglo PRV for $102M - Bluebird Bio announced that it has entered into a definitive agreement to sell a Rare Pediatric Disease Priority Review Voucher, or PRV, for $102M. Bluebird was granted two PRVs upon the FDA approvals of Zynteglo for the treatment of beta-thalassemia in adult and pediatric patients requiring regular red blood cell transfusions and Skysona for the treatment of early, active cerebral adrenoleukodystrophy, on August 17 and September 16 respectively. Bluebird will receive a payment of $102M upon closing of the transaction, which remains subject to customary closing conditions, including anti-trust review. The company continues to explore additional financing opportunities, including the monetization of its second PRV, and anticipates providing full year 2023 guidance early next year.
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TNXP | Hot Stocks07:13 EST Tonix announces data from anti-SARS-CoV-2 monoclonal antibody platform - Tonix Pharmaceuticals announced data from its fully human anti-SARS-CoV-2 monoclonal antibody platform in an oral presentation delivered by Seth Lederman, M.D., Chief Executive Officer of Tonix Pharmaceuticals, at the World Antiviral Congress 2022 in San Diego, Calif. The project is part of a broader research collaboration and option agreement with scientists at Columbia University designed to fill in important gaps in understanding the detailed immune responses to COVID-19, and to provide a foundation upon which to target vaccines and therapeutics to appropriate individuals by precision medicine. The presentation titled, "Platform for Generating Fully Human anti-SARS-CoV-2 Spike Therapeutic Monoclonal Antibodies" highlights the need for a broad array of monoclonal antibodies which can be scaled up quickly and potentially combined with other mAbs to treat or prevent COVID-19. "We believe that the development of these fully human mAbs strengthens our pipeline of next-generation therapeutics to treat Covid-19," said Seth Lederman, M.D., Chief Executive Officer of Tonix Pharmaceuticals. "Immunocompromised individuals, including organ transplant recipients, are at increased risk of severe COVID-19 and bad outcomes1. Although five mAb products, containing 7 distinct mAbs, have received emergency use authorization from the U.S. Food and Drug Administration (FDA) for either treatment or prophylaxis of COVID-19, only a single product, Evushield is still recommended for use as a prophylaxis by the NIH COVID Guidelines panel or FDA2,3. Moreover, concerns have been raised about the ongoing ability of Evushield to serve as a prophylaxis against COVID-19 in the face of new variants4. For these reasons, we believe there is a need for second generation mAb treatments and prophylactics for COVID-195. Generating fully human mAbs starting from recovered patient blood samples has the potential to reduce the time required to create novel therapeutics in response to newly identified COVID-19 variants."
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FRGT | Hot Stocks07:12 EST Freight Technologies collaborates with University in Mexico - Freight Technologies expands its training program, Fr8University, by directly collaborating with one of the most prestigious private Universities in Mexico. Fr8University, an educational program offering classroom and on-the-job training for incoming Fr8Tech team members and university students, was started in late 2020 and matriculated its first graduating class in early 2021. Fr8University is now moving beyond training and hiring students by directly entering into a collaborative agreement with a leading University in Mexico to secure the company's access to talent with the view to ensuring continuity in the Company's growth as well as providing academia with access to real-time business experiences and technology development challenges.
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CLBT | Hot Stocks07:12 EST Cellebrite announces results of work with VCCCTF - Cellebrite announced the results of its work with the Vanderburgh Co. Cyber Crime Task Force, VCCCTF, to accelerate justice with Cellebrite collect and review solutions. At present, Director Jess Powers' VCCCTF team utilizes Cellebrite Premium, as well as other Cellebrite collect and review solutions. Director Powers stated, "Prior to our digital transformation, it took months to retrieve data from devices. With Cellebrite, we expect to deliver actionable intelligence in just three days." Over time, Director Powers has built a unit that now services 29 agencies from 11 states. Director Powers stated, "With the data that we're churning out from over a thousand devices, our average disposition time for felonies is about 137 days, compared to 255, which is the national average. Based on the statistics that we have, for the first year and half that we've been doing this, we've been able to churn out about a 73% successful prosecution rate." In one case, a violent felon was sentenced to 15 years in federal prison for drug trafficking and gun crimes based on the data retrieved using the Cellebrite collect & review solutions.
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ENB OXY | Hot Stocks07:11 EST Enbridge, OLCV to develop CO2 sequestration hub in Texas Gulf Coast - Enbridge (ENB) and Oxy Low Carbon Ventures, a subsidiary of Occidental (OXY), announced that the parties intend to work towards jointly developing a carbon dioxide sequestration hub in the Corpus Christi area of the Texas Gulf Coast. Enbridge and OLCV signed a letter of intent to explore this joint project, which would provide a complete CO2 solution for area emitters through the development of a pipeline transportation system and sequestration facility. Enbridge and OLCV would leverage each company's strengths to advance the development of a sequestration hub and associated transportation infrastructure. Enbridge would develop, construct, and operate the pipeline facilities and OLCV would develop, construct, and operate the sequestration facilities. The hub is expected to provide CO2 solutions for Enbridge's proposed facilities as well as other point source emitters in the Corpus Christi area. Enbridge and OLCV would jointly market the CO2 pipeline transportation and sequestration services to other third-party CO2 point source emitters in the Ingleside and Corpus Christi areas.
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LUNG | Hot Stocks07:10 EST Pulmonx announces Japan regulators approve Zephyr Endobronchial Valve for COPD - Pulmonx announced that the Japanese Ministry of Health, Labour and Welfare MHLW has approved the Zephyr Endobronchial Valve for treating severe COPD/emphysema patients following a positive recommendation by Pharmaceuticals and Medical Devices Agency PMDA. The Zephyr Valve is a minimally invasive treatment option that can deliver significant benefits to patients including improvements in lung function, exercise capacity, and quality of life.1 Placed by bronchoscopy, with no cutting or incision, the valves are for patients who remain symptomatic despite optimal management including medications, pulmonary rehabilitation, and supplemental oxygen. Pulmonx intends to collaborate with the Japanese MHLW to gain reimbursement prior to commercialization in Japan to ensure broader access to its innovative and clinically proven treatment. "We are excited about this approval and the opportunity to enable the Japanese medical community to bring a much-needed treatment option to patients with severe COPD/emphysema," stated Glendon French, President and Chief Executive Officer of Pulmonx. "Japan is the second largest healthcare market in the world and represents a valuable opportunity to bring our innovative treatment to a large group of patients who have had few options once medical management alone fails to control their disease." The approval is based on a thorough review by the PMDA of the positive clinical data from the pivotal LIBERATE Study1 that enrolled patients with heterogenous emphysema distribution and the IMPACT Study3 that included patients with homogeneous emphysema distribution. Both studies were published in the American Journal of Respiratory and Critical Care Medicine and showed that patients treated with Zephyr Valves had a statistically significant and clinically meaningful improvement in lung function, exercise capacity, and quality of life compared to patients who received medical management alone.
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FWBI | Hot Stocks07:10 EST First Wave files IND for microgranule delivery formulation of adrulipase - First Wave BioPharma announced that it has submitted an Investigational New Drug, IND, application seeking authorization from the U.S. Food and Drug Administration, FDA, to evaluate an enhanced enteric microgranule delivery formulation of adrulipase as a treatment for exocrine pancreatic insufficiency associated with cystic fibrosis and chronic pancreatitis in human clinical trials. Upon IND clearance, First Wave expects to initiate a Phase 2 trial at the beginning of 2023. "Filing the IND is an important step in enabling First Wave to initiate the planned Phase 2 trial of our new formulation for adrulipase," said James Sapirstein, President and CEO of First Wave BioPharma. "If the FDA grants authorization in the next 30 days, we expect to start the study in early 2023 with topline data anticipated towards the end of the first half of 2023. We anticipate that these near-term clinical milestones will reinforce our previous research, such as data recently presented at AAPS 2022 showing the new adrulipase formulation can deliver the drug in the intended area of the gastrointestinal tract, where it can provide the desired therapeutic effect," Sapirstein added. "We look forward to investigating this potential in a Phase 2 clinical trial and the opportunity to one day provide therapeutic relief to patients with exocrine pancreatic insufficiency associated with cystic fibrosis and chronic pancreatitis."
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FRNWF | Hot Stocks07:09 EST Future Publishing reports 2022 revenue $1.056B - Future Publishing announced its full year earnings for 2022, highlighting the company's exceptional growth reaching $1.056 billion in revenue and growing 36% year-over-year globally. In addition, Future's global media and magazine businesses saw a 27% and 58% increase respectively. "I am pleased to report another year of record results, adding to our long-term track record. Our performance is testament to our diversified revenue streams, the strength of our content, and the brilliant teams we have working across our business," said Zillah Byng-Thorne, CEO, Future. Future has created a diversified audience strategy, emphasising content where audience demand is highest. This has resulted in a global audience growth of 18% YoY, reaching 506 million people across Future's portfolio of over 250 brands spanning print, subscriptions, online, email, events, and social. Diversification is also key to its revenue growth, seen most impressively in the US, which represents a significant growth opportunity and comprises 39% of Future's total revenue. Future's US business saw extraordinary revenue growth from diverse business areas, with digital advertising and events revenue growing +31% and +141% respectively, while affiliate revenues experienced +6% YoY growth. Significantly, video has contributed to Future's 2022 growth, with video advertising now representing 13% of total digital advertising revenues globally. Future has completed five acquisitions since October 2021 including brands Who What Wear, The Week, and Kiplinger. Thanks to its acquisitions, Future has rapidly become a top fashion & beauty lifestyle player. Since the acquisition of TI Media in 2020, Marie Claire US in 2021, and Who What Wear in 2022, Future's fashion & beauty audience has grown 49% globally. The recent addition of Who What Wear ensured that Future could continue to diversify within the fashion & beauty sector while bringing in additional expertise in social influencer marketing and shoppable media. The acquisition of Dennis brands, including The Week and Kiplinger, has driven strong magazine revenue growth in the US. Future's US subscriptions revenue increased by 31 times in 2022, and print advertising experienced 84% growth year-over-year. Future's extensive intent-led specialist audience, combined with its proprietary first-party audience data platform, Aperture, has made it a valuable partner to brands. Over 472 advertisers already use Aperture to improve their audience targeting, driving resilience for Future Future continues to invest in Aperture, which won an AdExchanger award for the Best Publisher First-Party Data Platform in 2022, to help leading brands reach audiences primed to purchase - through rich first-party data and contextually relevant environments that encourage consideration and conversion.
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ENB | Hot Stocks07:09 EST Enbridge expects to deploy approximately C$6B of capital in 2023 - Enbridge expects to deploy approximately C$6B of capital in 2023, inclusive of maintenance capital. The balance sheet will remain strong with the Debt-to-EBITDA ratio at the end of 2023 expected to be in the lower half of the company's 4.5-5.0x target range. The financing plan includes issuances of approximately C$6B in incremental debt in 2023, net of maturities, with no external equity required. The company has hedged over half of its anticipated fixed-rate term-debt issuances for 2023. Enbridge intends to re-file a normal course issuer bid before year end to repurchase up to C$1.5B of its common shares. This provides Enbridge with the capital allocation flexibility to opportunistically return capital to shareholders through repurchases, while maintaining focus on growing per share earnings and DCF.
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NXGN | Hot Stocks07:08 EST NextGen Healthcare to acquire TSI Healthcare for $68M upfront - NextGen Healthcare announced it has signed a definitive agreement to acquire TSI Healthcare, a privately held value-added reseller located in Chapel Hill, North Carolina. The acquisition shall be deemed effective 11:59 p.m. on November 30. The consideration is comprised of an upfront amount of $68M, which will be paid in cash with contingent consideration of up to $22M in cash in the form of an earnout, subject to achieving certain financial targets through March 31, 2025. The acquisition is expected to contribute approximately $10M to 12M of revenue in the remaining four months of fiscal 2023 and will be accretive to adjusted EBITDA and cash flow within a year. The company plans to update guidance when it reports its fiscal 2023 third quarter results.
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ANPC | Hot Stocks07:08 EST AnPac Bio regains complaince with Nasdaq listing requirement - AnPac Bio-Medical Science announced that the company has been notified by the Office of the General Counsel of The Nasdaq Stock Market LLC that the Company has regained compliance with the minimum $1 per share bid price requirement of Listed Securities required for continued listing as set forth in Listing Rule 5450(a)(1). The Company will remain under the Mandatory Panel Monitor until June 9, 2023, imposed by a previous Hearings Panel's decision on June 9, 2022.
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AUTL | Hot Stocks07:07 EST Autolus announces handover of first clean rooms of Stevenage, U.K. facility - Autolus Therapeutics announces the handover of the first of three clean rooms forming the basis of its new commercial manufacturing facility in Stevenage, UK. This anchor facility has been named 'The Nucleus', chosen from Autolus staff suggestions. The Nucleus facility is part of a larger plan to create a life sciences district in the heart of Stevenage town center by developers, Reef Group. The site has been created via a joint venture between UBS Asset Management and Reef Group to invest up to GBP 120 million to redevelop Stevenage town center, working with key stakeholders including Hertfordshire Local Enterprise Partnership and Stevenage Borough Council. The new quarter will aim to house the largest cluster of Cell and Gene Therapy companies outside the United States. "The Phase 1 completion of The Nucleus facility is a major milestone for Autolus, as well as for the town of Stevenage," said Dave Brochu, Chief Technical Officer of Autolus. "The entire project team, including Autolus, Merit, and Reef Group have successfully kept this project on track despite challenging timelines, the COVID pandemic, and supply chain constraints. These efforts have enabled us to transition seamlessly into the next phase of growth for Autolus."
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CLMB TMVWY | Hot Stocks07:07 EST Climb Channel Solutions selects TeamViewer as preferred partner - Climb Channel Solutions (CLMB) has selected TeamViewer (TMVWY) as their preferred partner for providing remote access and support solutions for customers around the world. The extension of the longstanding partnership between Climb and TeamViewer leverages Climb's strong global network of reseller partners and TeamViewer's leadership in remote connectivity, to jointly offer more organizations the ability to work from anywhere, with access to any device, providing instant remote support for customers and employees.
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F | Hot Stocks07:06 EST Ford produces 150,000th Mustang Mach-E - Ford has produced its 150,000th Mustang Mach-E since starting production nearly two years ago, a significant milestone as the company scales EV production to a rate of 600,000 annually by late 2023 and more than 2M annually by 2026. Almost all of Mustang Mach-E's growth to date is coming from customers replacing an internal combustion vehicle with electric - 8 in 10 U.S. customers and 9 in 10 European customers - proving that Ford is creating electric vehicles that meet broad customer needs. The Mustang Mach-E is available in 37 countries across the world for 2023, up from 22 in the vehicle's first year. New Zealand, Brazil and Argentina are among the latest markets added to the Mustang Mach-E stable. Global growth comes as Ford upgrades Cuautitlan Stamping and Assembly Plant - which built the 150,000th vehicle - to support even more customers.
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RNAZ | Hot Stocks07:05 EST Transcode Therapeutics announces eIND submission to U.S. FDA - TransCode Therapeutics announced that it has submitted an exploratory Investigational New Drug, eIND, application to the U.S. Food and Drug Administration, FDA, for a planned First-in-Human Phase 0 clinical trial. The planned clinical trial is to evaluate TransCode's lead therapeutic candidate, TTX-MC138, in cancer patients with advanced solid tumors. TTX-MC138 is designed to inhibit the pro-metastatic RNA, microRNA-10b, described as the master regulator of metastasis in a number of advanced solid tumors. TransCode believes that TTX-MC138 could be used as a treatment for many of these cancers. "We are very excited to take this next step in the development of TTX-MC138 which we hope will bring us closer to introducing this first of its kind treatment for metastatic disease," said TransCode's Chief Executive Officer and co-founder, Michael Dudley. "We are hopeful that the study conducted under the eIND will demonstrate successful delivery of our lead therapeutic candidate to metastatic lesions in patients with advanced solid tumors. The delivery of oligonucleotide therapeutics to sites other than the liver has remained a significant challenge for decades. Overcoming this challenge would represent an unprecedented step in unlocking therapeutic access to a variety of well documented genetic targets involved in a range of cancers and beyond." The company believes that TTX-MC138 has the potential to produce regression without recurrence in a range of cancers, including breast, pancreatic, ovarian and colon cancer, glioblastomas and others. A Phase 0 clinical trial is an exploratory study conducted under an Investigational New Drug application. Exploratory IND studies usually involve very limited human exposure to a therapeutic candidate; their primary purpose is to evaluate the candidate's safety and mechanism of action. In TransCode's planned clinical trial, up to 12 patients will be given a single dose of radiolabeled TTX-MC138 followed by noninvasive positron emission tomography-magnetic resonance imaging.
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PLTR LMT | Hot Stocks07:05 EST Palantir, Lockheed Martin announce collaboration for Navy combat systems - Palantir (PLTR) and Lockheed Martin (LMT) are announcing a collaboration focused on delivering modern software to support Navy combat systems by leveraging Lockheed Martin's deep technical experience, and Palantir's Apollo platform. The collaboration focuses on driving innovation and working closely with the U.S. Navy to modernize its combat systems for the surface fleet. Lockheed Martin and Palantir have come together to solve some of the most complex challenges that arise in the rapid and secure delivery of software to where it's needed most in heterogeneous environments. Palantir Apollo enables a technique of software development and delivery called Autonomous Deployment. It allows developers to write and deploy software that includes the application's requirements and enables teams to work closely on software asynchronously. Apollo then enables DevOps, security teams, and operators the ability to scale and deliver innovation rapidly, all while dev teams can get real-time feedback and performance reporting.
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ENB | Hot Stocks07:05 EST Enbridge raises quarterly dividend 3.2% to C$0.8875 per share - Payable on March 1, 2023 to shareholders of record on February 15, 2023.
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ONCR | Hot Stocks07:03 EST Oncorus announces reprioritization of lead product candidate ONCR-021 - Oncoru announced that it is reprioritizing its pipeline to focus on its lead viral RNA immunotherapy product candidate, ONCR-021. In addition, the company is discontinuing the development of ONCR-177, reducing its workforce and burn rate and reiterating guidance for its cash runway into early 2024. "Oncorus' mission is now focused on realizing the full promise of IV-administered, self-amplifying RNA medicines to transform outcomes for cancer patients through our lead program, ONCR-021, which we plan to evaluate in patients with non-small cell lung and other cancers," said Theodore Ashburn, M.D., Ph.D., President, and Chief Executive Officer of Oncorus. "As part of this reprioritization, we are discontinuing the Phase 1 trial of ONCR-177 to focus our resources on ONCR-021. We would like to express our deep gratitude to all the patients and their families, investigators and collaborators who participated in the ONCR-177 study. We believe that we are now well positioned to execute on our goals and progress our novel, first-of-its-kind self-amplifying vRNA immunotherapy candidate, ONCR-021, into the clinic for cancer patients." Oncorus will present the results of the Phase 1 study of ONCR-177 in patients with advanced disease in conjunction with a scientific congress in 2023. In addition, Oncorus has reduced its workforce by 20%, with its remaining workforce solely focused on the clinical development of ONCR-021, its first self-amplifying RNA product candidate. With this re-prioritization and workforce realignment, Oncorus has reduced its burn rate and continues to expect its current cash, cash equivalents and investments will be sufficient to fund its operating expenses into early 2024.
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AGLE | Hot Stocks07:02 EST Aeglea BioTherapeutics names Jeffrey Goldberg as CEO - Aeglea BioTherapeutics announced the appointment of Jeffrey Goldberg as president, CEO and member of the board of directors effective November 29. Goldberg is an accomplished biotech executive with over 25 years of experience leading teams from preclinical discovery through commercialization and previously served as president and CEO of Immunitas Therapeutics.
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SBIG | Hot Stocks07:02 EST SpringBig announces cost reduction action to strengthen financial profile - SpringBig announced that the company is undertaking a series of initiatives to reduce costs and drive efficiency in order to accelerate its path to profitability. These cost-cutting measures will allow the company to prioritize growth opportunities, right-size its expense structure and preserve capital while strengthening its financial position. "Our focus remains on consistent execution and expanding the reach of the springbig platform, while optimizing our organization to deliver profitable growth. We believe that the steps we are announcing today will produce an annual operating expense run rate in 2023 that is expected to be approximately 21% less than annualized operating expenses incurred for the nine months ended September 30, 2022, shortening the timeline to our goal of positive EBITDA during 2023, and we continue to expect an acceleration in revenue next year," said Jeffrey Harris, CEO and Chairman of springbig. As part of the initiatives announced today, Springbig has announced a workforce reduction of 37 positions, or 23% of the company's headcount through a combination of layoffs and attrition to ensure its long-term health. The company expects a one-time cash restructuring charge for the layoffs of approximately $0.2 million in Q4 of 2022.
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STT | Hot Stocks07:01 EST Brown Brothers Harriman, State Street terminate transaction - Brown Brothers Harriman announced that it has mutually agreed with State Street to terminate the agreement to sell its Investor Services business to State Street. BBH made this decision after it became clear that State Street will be unable to obtain necessary approvals from its regulators for the agreed transaction.
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ENB | Hot Stocks07:01 EST Enbridge raises quarterly dividend 3.2% to 88.75c per share - Payable on March 1, 2023 to shareholders of record on February 15, 2023.
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CHT | Hot Stocks07:00 EST Chunghwa Telecom responds to union call for overall wage increases - Chunghwa Telecom announced that it has engaged in talks with the Chunghwa Telecom Workers' Union on November 21 to respond to their call for comprehensive salary increases. The company said that it will take the economic uncertainty and the actual operating results of year 2022 into consideration in deciding the extent of wage increases and make an announcement at a proper time. The company said, "Chunghwa Telecom stated that the Company has its internal policies for annual salary increments on the basis of individual assessment, and carries out comprehensive wage increases from time to time based on operating performance and market conditions. In January of 2022, the Company made an announcement to raise overall salaries by 4% in response to a more challenging economic environment as well as offer a one-time encouragement bonus to staff members in recognition of staff contribution to outperforming operating results in 2021. Prior to that, the Company also raised overall salaries by 3% to 5% in 2020 for talent retention. Chunghwa said the recent salary increases had demonstrated its willingness to share operating success with employees and place great emphasis on employees' salaries and benefits. Chunghwa further highlighted its competitive compensation scheme in the telecom industry of Taiwan. According to an analysis of the average salary of publicly traded companies published by the Taiwan Stock Exchange, the average salary of Chunghwa's non-managerial full-time staff in 2021 was ahead of its peers. In addition to pay scheme, Chunghwa commits to staff's welfare and offering a favorable work and family balance environment for all employees. Consequently, the Company has launched a variety of employee benefits plan over time. In 2022, the Company has offered to establish 9 workplace teaching and care centers with 16 classes in six cities in Taiwan in order to enhance mutual care at the workplace, which allow employees to look after their families while working. Moreover, the Company provides employees with more benefits than what the government stipulates. For example, Chunghwa led by initiating a program that allows employees with children under the age of three years old to work one hour less per day. The Company has also increased paternity and maternity leave to 10 days from 7 days in which the government requires. Recently, the Company announced a raise to the maternity pension per child to NTD 20,000 in 2023, as well as a raise in the monthly subsidy to employees with children between the ages of 0-6 to NTD 1,000 per month. Due to its commitments and practices, the Company had won recognitions and awards for its pioneered initiatives during the year. Notably, "The World's Top Female-Friendly Companies 2022 Survey" released by Forbes has ranked Chunghwa Telecom the sixth leading telecom service and cable companies in the world in terms of establishing a female-friendly workplace."
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DQ | Hot Stocks06:59 EST Daqo New Energy subsidiaries sign polysilicon supply agreements in China - Daqo New Energy announced that its subsidiaries had signed two long-term high-purity polysilicon supply agreements with LONGi Green Energy and another solar manufacturing company in China, respectively. Under the supply agreement with LONGi, Daqo New Energy's subsidiary Inner Mongilia Daqo will provide LONGi with a total amount of 251,280 MT high-purity mono-grade polysilicon from May 2023 to December 2027. Actual prices will be negotiated by both parties monthly according to market conditions. Under the supply agreement with another solar manufacturing company, Xinjiang Daqo and Inner Mongolia Daqo will provide it with 27,600 MT high-purity mono-grade polysilicon from January 2023 to December 2027. Actual prices will be negotiated by both parties monthly according to market conditions.
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SNY | Hot Stocks06:52 EST Sanofi reports Phase II/III study results for acoziborole published in Lancet - The Drugs for Neglected Diseases initiative, or DNDi, and Sanofi announce treatment success rates of up to 95% from a Phase II/III study investigating the safety and efficacy of single-dose acoziborole, an investigational treatment for sleeping sickness, published today in The Lancet Infectious Diseases medical journal. The clinical trial was led by DNDi and its partners in the Democratic Republic of the Congo and Guinea. "Between 2016 and 2019, DNDi and its partners led an open-label, Phase II/III study to assess the safety and efficacy of acoziborole in patients with early- and late-stage g-HAT. 208 patients were recruited at 10 hospitals in the DRC and Guinea. The 18-month treatment success rate for acoziborole was 95% in late-stage g-HAT patients, corresponding to the best results from studies with existing treatments of 94%. In addition, 100% of the 41 patients with early-stage g-HAT were considered as treatment successes at all timepoints. The study shows that acoziborole has a favourable safety profile, with no significant drug-related safety signals reported. These pivotal results will form the basis of Sanofi's dossier submission to the European Medicines Agency (EMA) and represent another milestone in the quest to eliminate sleeping sickness. Upon the EMA's positive opinion and local approval, Sanofi will donate acoziborole to the WHO through its philanthropic organization, Foundation S - The Sanofi Collective. Acoziborole is currently under clinical investigation and its safety and efficacy have not been evaluated by any regulatory authority," the company stated.
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STT | Hot Stocks06:51 EST State Street to terminate deal to buy BBH's Investor Services business - State Street announced that it has mutually agreed with Brown Brothers Harriman & Co. to terminate State Street's proposed acquisition of BBH's Investor Services business. After consideration of both regulatory feedback and potential transaction modifications to address that feedback, State Street has determined that the regulatory path forward would involve further delays, and all necessary approvals have not been resolved. The proposed modified transaction structure was increasingly complex, presented additional operational risk to State Street and would limit the anticipated transaction benefits relative to original expectations. It would also include delays in the timing and potential limits to the amount of deal synergies. Therefore, we have determined that it is not in the best interests of clients, shareholders or employees to continue to invest time and resources in the transaction in this challenging financial services M&A environment. "From the beginning of our discussions with BBH in 2021, I have been impressed by the quality of the BBH Investor Services business and its people. The decision not to proceed with this transaction was not taken lightly and is in no way a reflection of the quality of the BBH franchise," said Ron O'Hanley, Chairman and CEO of State Street Corporation. "Since we announced the proposed acquisition, we maintained our focus on achieving a transaction that would meet our strategic and financial objectives. Our overall strategy is strong and differentiated, and we remain confident in the organic growth trajectory of our business. We will continue to be deliberate in managing our capital in the best interest of our shareholders." The Sale and Purchase Agreement does not provide for a contractual penalty by either State Street or BBH in connection with this termination.
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STT | Hot Stocks06:49 EST State Street to terminate deal to buy BBH's Investor Services business
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GIB | Hot Stocks06:33 EST CGI Inc., VIA Rail Canada enter long-term agreement on new reservation system - CGI Inc. and VIA Rail Canada have entered into a long-term agreement to provide managed services for the corporation's new online reservation system, designed to build the foundation for tomorrow's customer journey. Under this new agreement, CGI will manage critical business applications-a continuation of the partnership with VIA Rail which began in 2020 when CGI was selected to help build the company's cloud-based reservation system as part of their modernization journey.
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AZN | Hot Stocks06:30 EST AstraZeneca to present haematology portfolio and pipeline at ASH 2022 - The company states: "AstraZeneca will present 47 abstracts showcasing new data from across its haematology portfolio and clinical pipeline, demonstrating its commitment to redefining care for hard-to-treat blood diseases at the 64th American Society of Hematology Annual Meeting and Exposition, 10 to 13 December 2022. A total of eight approved and potential new medicines will be featured across more than ten types of blood cancers and rare diseases, including data in chronic lymphocytic leukaemia, follicular lymphoma, diffuse large B-cell lymphoma, mantle cell lymphoma, paroxysmal nocturnal haemoglobinuria, atypical haemolytic uraemic syndrome and amyloid light chain amyloidosis." Reference Link
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RIO | Hot Stocks06:19 EST Rio Tinto provides update on long-term strategy at investor seminar - Rio Tinto is providing an update at its investor seminar on progress against its long-term strategy. Updates will include Rio Tinto's market outlook, with the energy transition expected to add as much as 25% in new demand above traditional sources on a copper equivalent basis across the Group's key products by 2035. Rio Tinto is targeting investment of up to $3B per year in growth to meet this demand, including the Oyu Tolgoi copper, Rincon lithium and Simandou iron ore projects. There are now 30 deployments of the Rio Tinto Safe Production System, or SPS, across 16 sites. Roll-outs are delivering benefits such as up to 5M tons of production uplift expected at the Group's Pilbara iron ore assets in 2023. Executives will outline projects underway to meet challenging decarbonization targets to halve Scope 1 & 2 emissions by 2030, on the road to net zero by 2050. Six large emissions abatement programmes are focused on renewable power, process heat, diesel and the ELYSIS zero carbon aluminium smelting technology to drive the transition to net zero by 2050, supported by high-quality nature based solutions. Investments of around $7.5B are expected between 2022 and 2030, including around $1.5B over the next three years which will be back-end dated. Investments are being prioritized and phased in the most logical way, with consideration for near-term work around energy inputs and attractive economics. New long-term power contracts will also be required for the aluminium business to meet targets. Incremental operating expenditure on building new teams and energy efficiency initiatives remains around $200M per year, in addition to research and development investment.
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ARGX | Hot Stocks06:15 EST Argenx to acquire PRV for $102M - Argenx announced an agreement to acquire a FDA Priority Review Voucher, or PRV, for $102M. A PRV entitles the holder to FDA priority review of a single biologics license application, or BLA, which reduces the target review period and may lead to an expedited approval. Argenx expects to redeem the PRV for a future marketing application for efgartigimod, its first-in-class neonatal Fc receptor blocker.
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TRCA | Hot Stocks06:13 EST Carbon Revolution to become public through Twin Ridge Capital Acquisition pact - Carbon Revolution and Twin Ridge Capital Acquisition announced that they have signed a definitive business combination agreement and accompanying scheme implementation deed, or SID, that is expected to result in Carbon Revolution becoming publicly listed in the U.S. via a scheme of arrangement. Upon closing of the transaction, the ordinary shares and warrants of the merged company Poppetell to be renamed Carbon Revolution are expected to trade on a national exchange in the United States, and Carbon Revolution's shares shall be delisted from the ASX. The transaction is anticipated to unlock critical investment capital to fund Carbon Revolution's expansion of operations, which is required to meet its significant growth opportunity while accelerating the company's expected path to profitability. The combined company will have an estimated post-transaction equity valuation of approximately $461M, including about $214M of cash held in TRCA's trust account, assuming no redemptions from TRCA's trust account. Carbon Revolution shareholders will roll 100% of their equity into the combined company. Following the close of the transaction, assuming no redemptions from TRCA's trust account, TRCA shareholders will hold 57% of the issued and outstanding shares of common stock of the combined company, with Carbon Revolution shareholders holding the rest, not taking into account the currently outstanding warrants of TRCA and management options of Carbon Revolution. In addition, the company has secured $60M from a committed equity facility. Shareholders of Carbon Revolution on the Australian Securities Exchange will receive consideration for their shares consisting of an aggregate of approximately 20M ordinary shares of the combined company, being 1 Poppetell Limited share for approximately every 10.5 Carbon Revolution shares. Upon closing of the transaction, the ordinary shares and warrants of Poppetell Limited are expected to trade on a national exchange in the United States, and Carbon Revolution's shares shall be delisted from the ASX. The board of directors of TRCA and the board of directors of Carbon Revolution have both unanimously approved the proposed transaction. The board of directors of CBR unanimously recommends that CBR shareholders vote in favor of the scheme, in the absence of a superior proposal and subject to an independent expert concluding in the independent expert's report that the Scheme is in the best interests of CBR shareholders. Subject to those same qualifications, each member of the CBR Board of Directors and the senior management, which includes two of the founders, intend to vote all of their CBR shares or other securities held or controlled by them in favor of the Scheme. Completion of the transaction is subject to customary closing conditions, including the approval of the TRCA shareholders and the Carbon Revolution shareholders. The transaction is expected to be completed in the first half of 2023.
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EQIX | Hot Stocks06:07 EST Equinix announces $40M investment in Malaysia - Equinix announced its market entry into Malaysia with plans to build a new International Business Exchange data center located in Johor, called JH1. With an initial investment of approximately $40M, JH1 is scheduled to begin operations in Q1 2024, providing 500 cabinets and 1,960 square meters of colocation space. The IBX data center will support Malaysian companies and multinationals doing business in Malaysia with access to Platform Equinix to bring together and interconnect the foundational digital infrastructure that powers their success. Malaysia's digital economy is forecast to reach $34B in Gross Merchandise Value by 2025 with the country on course to achieve a digital economy contribution to Gross Domestic Product of at least 25.5% the same year. Equinix's expansion in Malaysia will unlock opportunities for Malaysian businesses expanding internationally and for multinational corporations pursuing growth and innovation in the Malaysian market. Malaysian companies will benefit from the ability to accelerate their evolution from traditional to digital businesses by rapidly scaling their infrastructure, easily adopting hybrid multicloud architectures and interconnecting with strategic business partners within the Platform Equinix ecosystem of more than 10,000 customers.
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RY | Hot Stocks06:06 EST Royal Bank of Canada raises quarterly dividend 3% to C$1.32 per share - Payable on and after February 24, 2023, to common shareholders of record at the close of business on January 26, 2023.
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STLA SAN | Hot Stocks05:53 EST Stellantis, Banco Santander to reorganize automotive financing partnership - Stellantis (STLA) and Banco Santander (SAN) have agreed to reorganize their automotive financing partnership in Brazil. The contract signed with Banco Santander Brasil S.A. includes: the purchase by Banque PSA Finance S.A. of 50% of the shares in Banco PSA Finance Brasil S.A., a joint venture which was held 50/50 by a subsidiary of Banco Santander Brasil and Banque PSA Finance S.A. The purchase by Stellantis Services of 50% of the shares in PSA Corretora de Seguros e Services Ltd, a joint venture held 50/50 by Banco Santander Brasil and Stellantis Services. The completion of the transactions will be subject to the fulfillment of certain suspensive conditions usual in similar transactions, including obtaining the relevant regulatory authorizations. Upon completion, Banque PSA S.A. will become the sole shareholder of Banco PSA Finance Brasil and Stellantis Services will be the sole shareholder of PSA Corretora.
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IBM AMKBY | Hot Stocks05:51 EST IBM, Maersk to discontinue blockchain-enabled supply chain project TradeLens - Maersk (AMKBY) and IBM (IBM) announced the decision to withdraw the TradeLens offerings and discontinue the platform. Rotem Hershko, Head of Business Platforms at A.P. Moller - Maersk, said in a statement: "TradeLens was founded on the bold vision to make a leap in global supply chain digitization as an open and neutral industry platform. Unfortunately, while we successfully developed a viable platform, the need for full global industry collaboration has not been achieved. As a result, TradeLens has not reached the level of commercial viability necessary to continue work and meet the financial expectations as an independent business." The TradeLens team is taking action to withdraw the offerings and discontinue the platform, and the intent is that the platform will go offline by end of quarter one, 2023. During this process all parties involved will ensure that customers are attended to without disruptions to their businesses. The TradeLens platform was announced in 2018 and jointly developed by IBM and GTD Solution, a division of Maersk, as a blockchain-enabled shipping solution designed to promote more efficient and secure global trade. Reference Link
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RRX | Hot Stocks05:22 EST Regal Rexnord to explore alternatives for global motors, generators business - Regal Rexnord announced that it intends to explore strategic alternatives for the global motors and generators businesses that represent a majority of the sales within its Industrial Systems reporting segment. The strategic review may or may not lead to a decision to divest these businesses. Regarding the announcement, CEO Louis Pinkham commented, "I am proud of what our Industrial team has accomplished in the last few years. Through their disciplined deployment of 80/20 and rigorous use of lean tools, adjusted EBITDA margins for the business have improved by roughly 700 basis points. The business is also growing nicely, aided by share gains, which is evident in recent revenue and orders performance. Now, after carefully considering for some time how best to help the Industrial Systems business maximize its potential, we decided to explore whether there might be a better owner of these assets, in particular our global motors and generators businesses. It is in this spirit that we're launching the strategic review announced today. We plan to review our findings in a disciplined and rational manner, and after sharing conclusions with our associates, make them known to other relevant stakeholders."
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CIH | Hot Stocks05:17 EST China Index Holdings receives approval to trade on Nasdaq Capital market - China Index Holdings announced that on November 29, Nasdaq Listing Qualifications department of the Nasdaq Stock Market approved the company's request to transfer the listing of the company's American depositary shares from the Nasdaq Global Select Market to the Nasdaq Capital Market. The transfer is expected to take effect at the opening of business on November 30. The transfer of the company's listing to the Nasdaq Capital Market is not expected to have any impact on trading in the company's ADSs. The company's ADSs will continue to trade uninterruptedly under the symbol (CIH). The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Select Market, and companies on the Nasdaq Capital Market must meet certain financial and corporate governance requirements to qualify for continued listing.
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