Stockwinners Market Radar for January 10, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
MASI AAPL | Hot Stocks20:16 EST ITC rules Apple violated trade laws by infringing on Masimo patent - The company states: "A United States Administrative Law Judge in Washington, D.C. ruled that Apple (AAPL) violated Section 337 of the Tariff Act of 1930 as amended, by importing and selling within the United States certain Apple Watches with light-based pulse oximetry functionality and components, which infringe one of Masimo's (MASI) pulse oximeter patents. Apple first released its pulse oximeter sensor with the Apple Watch Series 6 in 2020 and continues to use it in the current Apple Watches. The United States International Trade Commission will now consider whether to implement an import ban on these Apple Watches."
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TECK | Hot Stocks20:14 EST Teck Resources reports Q4 steelmaking coal sales at 4.3M tonnes - The company states: "Our fourth quarter steelmaking coal sales were 4.3 million tonnes, below previously disclosed guidance of 5.0-5.4 million tonnes. Extreme cold weather during December across western Canada negatively impacted rail performance, rail car unloading and overall port performance, resulting in sales volumes below expectations. The realized steelmaking coal price in the fourth quarter averaged $278 per tonne. We expect to report provisional pricing adjustments of negative $10 million in the fourth quarter."
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COIN | Hot Stocks20:02 EST Cathie Wood's ARK Investment bought 33.8K shares of Coinbase today
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TSLA | Hot Stocks20:01 EST Cathie Wood's ARK Investment bought 101K shares of Tesla today
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WWE | Hot Stocks18:54 EST WWE board elects Vince McMahon Executive Chairman of the Board - The company states: "WWE announced that its Board of Directors unanimously elected Vince McMahon Executive Chairman of the Board. Stephanie McMahon has resigned from her roles as Chairwoman and Co-CEO. Nick Khan will serve as WWE CEO."
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WWE | Hot Stocks18:51 EST WWE co-CEO Stephanie McMahon announces resignation - In a Twitter post, WWE Co-CEO Stephanie McMahon has announced her resignation, stating the company is in a "strong position" and "perfect place to continue providing unparalleled creative content". Reference Link
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HOWL | Hot Stocks18:43 EST Werewolf Therapeutics jumps 12% as RA Capital raises stake - Shares of Werewolf Therapeutics are up 12% afterhours at $2.50 per share. In a 13D/A filing, RA Capital has disclosed that it is raising its stake in the stock to 18.0% from 14.6%, also stating: "In addition, consistent with their investment purpose, the Reporting Persons may engage in communications with persons associated with the Issuer, including shareholders of the Issuer, officers of the Issuer, members of the board of directors of the Issuer, and/or or other third parties, to discuss matters regarding the Issuer, including but not limited to its operations, strategic direction, governance or capitalization, and potential business combinations or dispositions involving the Issuer or certain of its businesses. Dr. Derek DiRocco, a Partner of RA Capital, currently serves as a director of the Issuer and therefore will engage in regular discussions with the Issuer's board of directors and management as part of his duties as a director."
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CAG | Hot Stocks18:36 EST Conagra Brands exec Wise sells 50,000 common shares - In a regulatory filing, Conagra Brands senior VP and corporate controller Robert Wise disclosed the sale of 50,000 common shares of the company on January 6 at a price of $40.90 per share.
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BIIB ESALY | Hot Stocks18:31 EST Eisai submits MAA for lecanemab to EMA - Eisai (ESALY) and Biogen (BIIB) announced that Eisai has submitted a marketing authorization application for lecanemab, an investigational anti-amyloid beta protofibril antibody, for the treatment of early Alzheimer's disease to the European Medicines Agency. This application is based on the results of the Phase III Clarity AD study and the Phase IIb clinical study, which demonstrated that lecanemab treatment showed a reduction of clinical decline in early AD and is subject to a validation to determine whether the EMA accepts the application for review.
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HALO | Hot Stocks18:17 EST Halozyme falls 7% to $52.00 after below-consensus FY23 guidance
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BWEN | Hot Stocks18:01 EST Broadwind announces $175M wind tower order with global turbine manufacturer - Broadwind announced receipt of approximately $175M in new tower orders from a leading global wind turbine manufacturer. Fulfillment of the new order will occur during the full year 2023 and conclude by the end 2024. Ordered tower sections will be produced at both the company's Abilene and Manitowoc facilities. "This transformational new tower order is an historic accomplishment for our entire team, one that further establishes Broadwind as the leading precision manufacturer of heavy fabrications advancing the global energy transition," stated Eric Blashford, President and CEO of Broadwind. "This important win will support a balanced production schedule over the next two years, materially increase system-wide facility utilization, and drive improved economies of scale across our organization."
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GATO | Hot Stocks17:58 EST Gatos Silver announces silver production up 26% in Q4 vs. Q421 - Gatos Silver announced above-guidance and record silver production from its 70%-owned Cerro Los Gatos mine for the quarter and year ended December 31. Dale Andres, CEO of Gatos Silver, commented: "Our excellent results reflect the quality of the CLG assets and the management team's ability to improve operations and maximize cash flows. Our focus in 2023 will be to further optimize operational performance, advance our mine life extension opportunities by converting the higher-grade portion of our current mineral resource into reserves and advancing definition drilling on the mineralization recently discovered at depth in the new South-East Deeps zone. We will also be focusing on exploring our extensive land package in the highly prospective Los Gatos district." Silver production was a record of 10.3 million ounces in 2022, up 36% from 7.6M ounces in 2021, and above the high end of the most recent 2022 guidance range of 9.35M to 9.65M ounces. The production guidance, provided on October 11 , was increased from the initial 2022 guidance range provided on January 25 of 8.5M to 9.0M ounces. Zinc, lead and gold production also increased during 2022, with zinc and gold near the high end of guidance, and lead near the guidance midpoint. Compared with 2021, zinc production increased by 22%, lead production by 10%, and gold production by 2%. Silver production for the fourth quarter of 2022 was a record of 2.9M ounces, up 26% from 2.3M ounces in the fourth quarter of 2021 and surpassing the previous record of 2.7M ounces achieved in the third quarter of 2022. Zinc production increased by 5%, lead production declined by 5%, and gold production increased by 8%, compared with the fourth quarter of 2021.
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KDP | Hot Stocks17:54 EST Keurig Dr Pepper CEO sells $4.5M in common stock - In a regulatory filing, Keurig Dr Pepper disclosed that its CEO Robert Gamgort sold 125K shares of common stock on January 6th in a total transaction size of $4.5M.
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VNTR | Hot Stocks17:53 EST Venator Materials investor sends letter urging board change amid stock decline - J&T MS 1 SICAV which owns approximately 14.3% of Venator Materials making it the Company's second-largest shareholder, sent a public letter to Venator's Board of Directors . The letter outlines J&T's concerns regarding the Board's apparent unwillingness to meaningfully engage with J&T, as well as the Company's stark financial and stock price underperformance and apparent lack of strategic direction. J&T also stresses that the incumbent Board appears to have squandered its credibility with investors and should not be trusted to chart the course forward for Venator without additional independent shareholder representation. The letter said in part: "J&T is not an "activist" fund, and we generally do not go public with our concerns about a company. However, after trying to reach a resolution privately for seven months and being met with apparent delay tactics and gamesmanship, we believe we have no other recourse. ..Venator share price has declined precipitously since its IPO. The Company's share price is down 96% since its IPO price in August 2017, and 78% since the January 4, 2021 announcement that SK Capital's representatives had joined the Board."
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UE | Hot Stocks17:52 EST Urban Edge announces record leasing activity in 2022 - Urban Edge Properties "announced that it achieved record volume for new leases signed during 2022. The Company leased over 1 million square feet, up from a previous record of 683,000 square feet, through the execution of 69 new leases. Same-property leased occupancy increased to 95.4% at year-end, a 110 basis point increase compared to December 31, 2021. During the fourth quarter, the company executed 53 new leases, renewals, and options totaling 788,000 square feet. Same-space leases totaled 564,000 square feet and generated an average spread of 31% on a cash basis. During the year, the company executed 159 new leases, renewals, and options totaling over 2 million square feet. Same-space leases totaled 1.8 million square feet and generated an average spread of 12% on a cash basis."
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META | Hot Stocks17:45 EST Instagram to remove Shop tab in February - Meta's Instagram said that, starting in February, it is changing the platform's navigation to make it easier for people to share and connect with their friends and interests. The navigation bar at the bottom of the app will now have the shortcut for creating content in the center and Reels to the right. As part of this change, the Instagram Shop tab will be removed. You will still be able to set up and run your shop on Instagram as we continue to invest in shopping experiences that provide the most value for people and businesses across feed, stories, reels, ads and more. Reference Link
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HALO | Hot Stocks17:20 EST Halozyme announces anticipated key events in 2023 - Anticipated 2023 Key Events: Projected growth of greater than20% in the company's high-margin, recurring revenue stream from royalties to approximately $445 to $455 million driven by continued strength in Wave 2 products, including DARZALEX and Phesgo utilizing ENHANZE technology, as well as full year auto-injector royalty contribution. Two ENHANZE subcutaneous approvals and commercial launches by collaboration partners, including SC efgartigimod and SC atezolizumab. Four Phase 3 study data readouts from products utilizing ENHANZE by the company's collaboration partners: SC efgartigimod in CIDP, ITP and Pemphigus; SC ocrelizumab for certain patients with multiple sclerosis. At least 2 new products utilizing ENHANZE entering Phase 1 development by the company's collaboration partners. At least one new collaboration and licensing agreement for ENHANZE, for a partner to test our developmental large volume auto-injector plus ENHANZE(R), and for our small volume auto-injector. Initiation of a clinical study to continue to evaluate the feasibility testing of our large volume auto-injector. Up to $150 million in share repurchases, dependent on market conditions and other factors, as part of the $750 million three-year share repurchase plan authorized by Halozyme's board of directors in December 2021 demonstrating the company's continued commitment to a balanced capital allocation strategy.
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NOC | Hot Stocks17:19 EST Northrop Grumman awarded $464.4M Air Force contract action - Northrop Grumman was awarded a $464.4M indefinite-delivery/indefinite-quantity contract action for Battlefield Airborne Communications Node E-11A platform maintenance and main operating base contractor logistics support establishment. This task order provides for operations and sustainment of the BACN E-11A platform subsystems and ancillary equipment to continue effective flight operations to include the continental U.S. and outside the continental U.S. locations, scheduled and unscheduled maintenance and supply requirements for the E-11A aircraft and associated support equipment. In addition, this acquisition will establish a main operating base at an Air Force base in the continental U.S. for the BACN E-11A fleet to support training and deployed operations. Work is expected to be completed by January 23, 2028. This contract was a competitive acquisition, and one offer was received. FY23 operations and maintenance funds in the amount of $37.6M are being obligated at the time of award. Air Force Life Cycle Management Center is the contracting activity.
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HKD | Hot Stocks17:12 EST AMTD Digital gets confirmation of key officers not selling shares before 2024 - AMTD Digita "announced today that it has received further confirmation of the previously announced undertakings from the relevant parties that AMTD Group, Dr. Calvin Choi, AMTD IDEA Group and the executive officers of AMTD Digital will not sell any shares they own in AMTD Digital in the open market before August 2024. AMTD Digital initially announced its knowledge of these commitments on August 16, 2022."
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SLM | Hot Stocks17:10 EST Sallie Mae names Kerri Palmer as COO - Sallie Mae has named Kerri Palmer as Chief Operational Officer, and President of Sallie Mae Bank. Palmer is a member of the company's leadership team, most recently serving as Chief Risk Officer. She succeeds Dan Kennedy, who has served as Chief Operational Officer since August 2020 and Bank President since January 2021.
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AIG | Hot Stocks17:01 EST AIG CFO Shane Fitzsimons to take temporary medical leave of absence - AIG "announced that Shane Fitzsimons, Executive Vice President and CFO, AIG, will take a temporary medical leave of absence, effective immediately. Mark Lyons, who previously served as AIG's Chief Financial Officer, has been appointed Interim CFO in addition to his role as Executive Vice President, Global Chief Actuary and Head of Portfolio Management."
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WOLF | Hot Stocks17:00 EST Wolfspeed names Elif Balkas CTO - Wolfspeed announced the promotion of Elif Balkas to Chief Technology Officer, succeeding the late Dr. John Palmour, a co-founder of Wolfspeed. "Since her start with Wolfspeed in 2006, Elif has been instrumental in our technology and production development, and she was the clear choice to help steer Wolfspeed as we continue to lead the transition from silicon to Silicon Carbide," said Wolfspeed CEO Gregg Lowe. "One of John's greatest legacies is the talent he nurtured and developed on the Wolfspeed team, and we are confident Elif will continue to drive innovation in Silicon Carbide with passion, ingenuity and leadership." In her role as Vice President of Research and Development in Wolfspeed's Materials organization, Balkas shaped the company's technical strategy on wide bandgap materials and drove its development execution to maintain Wolfspeed's position as a leader in Silicon Carbide for Power and RF device applications. She has overseen multiple significant technology milestones during her tenure at the company, including the development of 150mm and 200mm boule growth systems and processes, the dramatic reduction in crystal defect levels that saw higher device yields, and advancements in wafer processing.
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ICHR | Hot Stocks16:45 EST Ichor Holdings falls 16% after below-consensus Q4 and Q1 pre-announcement
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WHD | Hot Stocks16:42 EST Cactus falls 4% afterhours to $54.65 after offering $125M in common stock
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IART | Hot Stocks16:33 EST Integra LifeSciences reiterates plans to initiate $150M share buyback in 2023 - The company is reiterating its plans to initiate a $150M share repurchase in 2023. The company may repurchase shares at its discretion, subject to applicable regulatory and other legal requirements. The number of shares to be repurchased and the timing of such transactions will depend on a variety of factors, including market conditions, regulatory requirements, and other corporate considerations, and could be suspended or discontinued at any time as determined by management. Commencement of share repurchases is expected to occur in early 2023, and the Company may utilize various methods to make the repurchases.
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HEPA | Hot Stocks16:23 EST Hepion presents new findings on rencofilstat's anti-cancer activities - Hepion Pharmaceuticals announced that its research collaborator, Carlos Perez-Stable, PhD, from the University of Miami Miller School of Medicine and Miami Veterans Affairs/Research, presented new findings from a preclinical study on the Company's lead drug candidate, rencofilstat, a potent inhibitor of cyclophilins, in a presentation at the 2023 State of Florida Cancer Symposium in Tampa, Florida. The presentation, entitled "A New Strategy to Increase Proteotoxic Stress in Prostate Cancer," highlighted a preclinical study which investigated the killing of cultured prostate cancer cells by rencofilstat in combination with a proteasome inhibitor, ixazomib. Proteosome inhibitors are a class of anti-cancer agents that are used for the treatment of multiple myeloma and other blood cancers. They kill cancer cells by inducing a process called proteotoxic stress. There has been long-standing interest in expanding the use of proteosome inhibitors for solid tumors, but clinical trials to date have not shown durable anti-tumor efficacy. The present study showed that rencofilstat could synergistically increase the proteotoxic stress and in vitro cancer killing properties of ixazomib. These results suggest that the addition of rencofilstat could expand the use of proteosome inhibitors for existing applications, or possibly for other cancers, such as prostate cancer. "The findings are similar to those of a previous, independent study in which cyclophilin inhibition in combination with the proteosome inhibitor, carfilzomib, synergistically killed multiple myeloma cells. A synergistic anti-cancer effect also has been observed in a liver cancer study in mice with a combination of rencofilstat and a checkpoint inhibitor, anti-PD1 antibody. Thus, evidence is accumulating that rencofilstat could potentiate the anti-cancer activities of multiple agents, through multiple mechanisms, and across a variety of cancer types. This makes us very optimistic that rencofilstat will have tremendous versatility as an anti-cancer agent."
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CONN FRG | Hot Stocks16:21 EST Conn's extending gains afterhours on WSJ report of acquisition interest, up 13% - Shares of Conn's are extending their gains in the afterhours session, rising another 13% to $11.36 after finishing regular trading up 15% on late-day report from The Wall Street Journal that Franchise Group is eyeing a potential deal for the company.
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CIFR... | Hot Stocks16:19 EST Cipher Mining ends 2022 with 394 Bitcoin - Cipher Mining announced unaudited production and operations updates for December 2022. During the month of December, Cipher energized 8,326 new Bitmain and MicroBT miners, representing an increase in hash rate of ~0.8 EH/s and a 40% increase relative to the previous month. With the increase in hash rate, Cipher produced ~225 BTC in December, representing a 137% increase in production relative to the previous month. As part of its regular treasury management process, Cipher sold 39 BTC in December, ending the year with a balance of 394 BTC.
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MYO | Hot Stocks16:18 EST Myomo to cut roughly 12% of its workforce - Myomo announced a reduction in force for the purpose of improving operating efficiency in its direct billing channel and reduce its cash burn. The action today involved the elimination of approximately 12% of its workforce, impacting employees in its call center and administrative functions. This action and other cost reductions being undertaken by the company are expected to save in excess of $2M on an annual basis. "While unfortunate, this action was necessary in improve operating leverage and extend our cash runway as we continue to work on obtaining coverage and reimbursement for the MyoPro for Medicare Part B patients," said Paul Gudonis, Myomo's Chairman and Chief Executive Officer.
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BKD | Hot Stocks16:17 EST Brookdale Senior Living reports December weighted average occupancy 73.6% - Brookdale Senior Living reported its consolidated occupancy for December 2022. December 2022 observations include: Q4 weighted average occupancy increased 70 basis points compared to the Q3; achieved fourteen consecutive months of year-over-year weighted average occupancy growth; December's weighted average occupancy increased 340 basis points year-over-year, and grew 760 basis points since the start of the recovery in March 2021.
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CNS | Hot Stocks16:17 EST Cohen & Steers reports preliminary AUM $80.4B as of December 31, 2022 - A decrease of $3.8B from assets under management at November 30, 2022. The decrease was due to market depreciation of $2.6B, distributions of $887M and net outflows of $260M.
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PLMR | Hot Stocks16:17 EST Palomar enters new multi-year fronting arrangement with Advanced AgProtection - Palomar announced it has entered into a new multi-year fronting arrangement with Advanced AgProtection, a managing general agent, or MGA. Advanced AgProtection provides crop insurance products using their expertise and innovative technology and analytics which are designed to manage standard insurance operations including underwriting, risk management and claims handling through their highly skilled and experienced team. The partnership formed between Palomar and Advanced AgProtection represents one of only fourteen Approved Insurance Providers, or AIP, with access to the $20B insured crop marketplace. The partnership further diversifies Palomar's product mix while adding to the company's fee income growth, a key tenant to Palomar 2X.
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FTI | Hot Stocks16:16 EST TechnipFMC awarded 'significant' contract by Wintershall Dea - TechnipFMC announces that it was "awarded a significant engineering, procurement, construction, and installation contract by Wintershall Dea Norge AS for its Dvalin North project. The contract covers the design, engineering, manufacture, and installation of pipe for the Dvalin North field, which will be tied back to the Heidrun Platform via the existing Dvalin field on the Norwegian Continental Shelf. For TechnipFMC, a "significant" contract is between $75 million and $250 million. This award was included in inbound orders in the fourth quarter of 2022."
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WFC | Hot Stocks16:16 EST Wells Fargo exits Correspondent business, to reduce size of Servicing portfolio - Wells Fargo announced strategic plans to create a more focused Home Lending business aimed at serving bank customers, as well as individuals and families in minority communities. Notably, the company is exiting the Correspondent business and plans to reduce the size of its Servicing portfolio. These plans continue the work the company has advanced over the past three years to simplify this business. "Mortgage is an important relationship product, and our goal is to continue to be the primary mortgage lender to Wells Fargo bank customers as well as minority homebuyers. We are making the decision to continue to reduce risk in the mortgage business by reducing its size and narrowing its focus," said Kleber Santos, CEO of Consumer Lending. "As the largest bank lender to Black and Hispanic families for the last decade, we remain deeply committed to advancing racial equity in homeownership." In addition to exiting the Correspondent business and reducing the size of its Servicing portfolio, Wells Fargo's strategic plans include: Optimizing the Retail team to focus primarily on bank customers and underserved communities; Broadening existing $150 million investment from the company's Special Purpose Credit Program (SPCP) to include purchase loans, given the current market environment; Investing an additional $100 million to advance racial equity in homeownership, including strategic partnerships with non-profit organizations and community-focused engagements; the company expects to make ongoing investments in this area in the years to follow, and; Deploying additional Home Mortgage Consultants in local minority communities.
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PROK | Hot Stocks16:15 EST ProKidney publishes trial design for trial of REACT for diabetes related to CKD - ProKidney announced the publication of the trial design and early data analysis from REGEN-003, a Phase 2 clinical study of Renal Autologous Cell Therapy, in the Journal of Blood Purification. The paper, titled Renal Autologous Cell Therapy, REACT, in Type 2 Diabetes with Late Stage 4 Diabetes-Related Chronic Kidney Disease: Trial Design and Early Analysis, was published online and will appear later this year in the print edition of the Journal. "In this study, we believe we have demonstrated the potential of REACT to delay the need for dialysis in patients with late CKD Stage 4 diabetic kidney disease, DKD,," said Joseph Stavas, M.D., ProKidney's SVP, Head of Global Clinical Development, and lead author of the manuscript. "This is a high-risk patient population with seriously reduced kidney function. Stavas further commented, "The goal of REACT is to halt the progression of CKD and preserve kidney function in patients who would otherwise experience kidney failure and progress to dialysis. We believe that REACT has the potential to have a significant, positive impact on patients' health and quality of life. Publication of the 003-study design and results in this prestigious journal provides important recognition of the benefit REACT could have in the lives of these very sick patients."
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GBDC | Hot Stocks16:13 EST Golub Capital announces $247M in new middle-market originations - Golub Capital BDC announced that it originated $247.0M in new middle-market investment commitments during the three months ended December 31, 2022. Approximately 93% of the new middle-market investment commitments were one stop loans, 3% were senior secured loans and 4% were equity and other securities. Of the new middle-market investment commitments, $216.5M funded at close. Total investments at fair value are estimated to have increased by approximately 0.1%, or $5.6M, during the three months ended December 31, 2022 after factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains.
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GKOS | Hot Stocks16:12 EST Glaukos announces clinical updates for several corneal disorders - Glaukos "announced positive clinical updates for several of its Corneal Health pipeline programs, including the commencement of subject enrollment in a second Phase 3 confirmatory trial for Epioxa, and promising initial results from the company's Phase 2a clinical trial for GLK-301. Glaukos commenced subject enrollment in its second Phase 3 confirmatory pivotal trial for Epioxa, its next-generation corneal cross-linking therapy for the treatment of keratoconus. Glaukos plans to randomize approximately 290 subjects in this trial and is targeting enrollment completion by the end of 2023. As a reminder, the FDA has confirmed Glaukos' first Phase 3 pivotal trial for Epioxa, which met the pre-specified primary efficacy endpoint, would be adequate to support the submission and review of an eventual New Drug Application, in conjunction with this second trial. As Glaukos continues to advance its clinical plans for Epioxa, it remains well-positioned to serve keratoconus patients with its first-generation corneal cross-linking therapy, Photrexa(R), or Epi-off(TM), which remains the only FDA-approved treatment shown to slow and halt the progression of keratoconus."
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OLN | Hot Stocks16:11 EST Olin and Mitsui announces that BWA joint venture received regulatory approvals - Olin Corporation and Mitsui & Co., announced that Blue Water Alliance JV, has received all necessary regulatory approvals and it is beginning operations. Announced in March 2022, Blue Water Alliance, or BWA, is a joint venture of Olin and Mitsui. BWA brings together Mitsui's industry-leading global logistics, long-established supplier and customer relationships, and breadth of product portfolio with Olin's scale, North American export capability, extensive global terminal network, and production flexibility across the electrochemical unit, or ECU, portfolio. Headquartered in Houston, Texas, USA, BWA is an independent global trader of ECU-based derivatives, initially focused on globally traded caustic soda and ethylene dichloride (EDC).
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PDFS | Hot Stocks16:11 EST PDF Solutions and proteanTecs team on semiconductor analytics - PDF Solutions and proteanTecs, a deep data analytics firm, announced a collaboration on combined semiconductor analytics solutions intended to provide deeper insights on yield, quality and reliability by integrating proteanTecs deep agent and analytics solutions with the Exensio Platform. PDF Solutions and proteanTecs bring to the collaboration complementary expertise and market knowledge that combines PDF Solutions' process characterization and semiconductor big data analytics solutions, with proteanTecs' deep data offering for chip and system lifecycle analytics.The semiconductor industry is poised to grow in the next decade to become a trillion-dollar industry by 2030. About 70-percent of this growth is anticipated to be driven by three industries: automotive, computation and data storage, and wireless. These markets rely on high performance electronics with uncompromised lifetime functionality, leading semiconductor companies to seek advanced approaches for characterization, volume production and in-field monitoring. Through this collaboration, proteanTecs and PDF Solutions intend to offer combined solutions that leverage each company's strengths, to enable data-driven insights and visibility in all stages of manufacturing.
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ZEV | Hot Stocks16:09 EST Lightning eMotors produced 128 vehicles, powertrains during Q4 - Lightning eMotors announced that it produced 128 vehicles and powertrains in the fourth quarter of 2022, up from 104 during the third quarter. "The fourth quarter capped a significant year of production for Lightning as we continued to demonstrate that we can grow capacity at a rate that we believe will allow us to reach gross margin positive in 2023. Our investments in 2022 in people, equipment, and processes have increased our production output, efficiency, and quality. Our fourth quarter output was the highest in our history by nearly 23%, and more than triple the quarterly production level from a year ago," said Tim Reeser, CEO and Co-Founder.
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LKCO | Hot Stocks16:09 EST Luokung Technology receives non-compliance letter from Nasdaq - Luokung Technology announced that on January 4 the Company received notice from the Listing Qualifications Department of The Nasdaq Stock Market indicating that, based upon the Company's non-compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550 as of January 3 the Company's securities would be delisted from Nasdaq unless the Company timely requests a hearing before the Nasdaq Hearings Panel. The Company plans to timely request a hearing before the Panel, which request will stay any further delisting action by Nasdaq at least pending the hearing and the expiration of any extension that may be granted by the Panel following the hearing. There can be no assurance however that the Panel will grant the Company's request for continued listing or that the Company will be able to evidence compliance with the Rule and all other applicable criteria for continued listing on Nasdaq within the period of time that may be granted by the Panel.
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NSA | Hot Stocks16:09 EST National Storage names Tiffany Kenyon chief legal officer - National Storage Affiliates Trust announced Tiffany S. Kenyon has been promoted to Executive Vice President and Chief Legal Officer, from her previous role of Executive Vice President and General Counsel. Prior to joining NSA in 2018, Tiffany served for ten years with MarkWest Energy Partners, L.P., most recently as Vice President, Law, where she focused on commercial transactions and corporate matters. Prior to joining MarkWest, she was with Greenberg Traurig, LLP from 2000 until 2008 where she focused on real estate, corporate and securities matters. Ms. Kenyon received her J.D. degree from the University of Colorado at Boulder and her bachelor's degree in Business Administration from the University of North Carolina at Chapel Hill. Tamara Fischer, Chief Executive Officer, commented, "We are extremely pleased to recognize Tiffany's significant contributions to NSA by elevating her to the role of Chief Legal Officer. Her unwavering commitment to the success of our Company has been invaluable and we are fortunate to have Tiffany on our leadership team."
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FFIN | Hot Stocks16:07 EST First Financial appoints Michelle Hickox as CFO - First Financial Bankshares announced the election of Michelle S. Hickox as Executive Vice President and CFO to replace James R. Gordon.Hickox most recently served as CFO of Independent Financial Group, and its subsidiary, Independent Bank, an $18B publicly-traded bank holding company based in McKinney, Texas, where she led IBTX through its initial public offering in 2013 and played a key role in ten acquisitions during her tenure. Prior to joining IBTX, Hickox was an audit partner at RSM US LLP in Dallas, serving financial institutions throughout Texas. She is a certified public accountant and a graduate of Texas A&M University, where she currently serves as a trustee of the 12th Man Foundation. Gordon resigned from his position as Executive Vice President and CFO, secretary and treasurer of the Company and its affiliates and subsidiaries effective January 9, 2023, in order to pursue other opportunities. Gordon's resignation did not result from any disagreement with the Company, and Gordon has agreed to serve as a consultant to assist in the transition process.
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GKOS | Hot Stocks16:07 EST Glaukos announces positive results for iDose TR exchange trial - The company states: "Glaukos announced positive results for a prospective, multi-center clinical trial designed to evaluate the safety of the surgical exchange procedure for iDose(R) TR in subjects who had previously been administered an iDose TR in the Phase 2b clinical trial. Results from the exchange trial demonstrated a second administration of iDose TR and removal of the original iDose TR implant was safe and well-tolerated, with the second iDose TR demonstrating a favorable safety profile over a 12-month evaluation period. Additionally, no subject in the exchange trial exhibited a greater than 30% endothelial cell loss over the extended evaluation period of more than five years on average. Glaukos plans to include the exchange trial's positive data set in its upcoming FDA New Drug Application NDA submission targeted for the first quarter of 2023."
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BLND | Hot Stocks16:06 EST Blend Labs announces new initiatives, will cut 28% of onshore employee base - Blend announced series of specific initiatives that support its previously communicated plan to accelerate its path to profitability. The initiatives announced today aim to right-size the Company's cost structure, focus its investments on the highest potential growth opportunities, and realign its leadership to drive the Company's transition from a product company to a platform company. Specifically, they include: A 28% reduction in Blend's onshore employee base impacting Blend Title and corporate operations in R&D, sales and marketing and general and administrative functions. This latest reduction in force and prior savings initiatives are expected to reduce Blend's annualized cost of revenue and operating expenses by over $100 million in the aggregate on a non-GAAP basis exiting calendar 2023 relative to the third quarter of 2022; Implementation of planned enhancements to Blend's go-to-market and investment strategies designed to enhance the Company's product suite, revenue models and gross margins, including: Allocating an increased portion of operating expenses into Blend Builder, the Company's configurable software platform, which carries a subscription fee on top of success based transaction fees. This platform is already the foundation of Blend's non-mortgage offerings, and over time will give mortgage lenders the flexibility and power they need to differentiate from their competitors; d for Blend's large mortgage customer base, focusing on helping lenders be even more efficient by implementing the large backlog of features built over the past several years, including Loan Officer Toolkit, Self-serve Prequalification, Blend Income, and Blend Close; The appointment of Amir Jafari as Head of Finance & Administration, a new position that will oversee Finance, People Operations, Legal, Compliance, IT and Information Security. As part of this transition, Blend President Tim Mayopoulos will leave his management role in the first quarter, while remaining a member of the Board of Directors; Head of Finance Marc Greenberg will depart Blend after a transition period that includes the filing of the Company's Form 10-K with the SEC in March 2023; and Head of Legal, Compliance, and Risk Crystal Sumner will depart Blend in early February. Upon Sumner's departure, Winnie Ling, who currently leads the Company's corporate and securities legal functions, will become Head of Legal, reporting to Jafari. "Over recent months we have undertaken ambitious financial and strategic planning to align our cost structure, innovation spend and go-to-market focus with both current market realities and how our customers most want to leverage our platform," said Nima Ghamsari, Head of Blend. "Today we're announcing a comprehensive set of initiatives that affirms and accelerates our previously communicated path to profitability, including enabling Blend to realize enhanced gross margins from our Blend Platform offerings, including mortgage banking, beginning as soon as the second half of 2023."
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ITRI | Hot Stocks16:06 EST Itron to partner with Qatar District Cooling Company on energy operations - Itron "announced that it is collaborating with Qatar District Cooling Company, the leading district cooling company in Qatar, in the Arabian Peninsula, to enhance its thermal energy operations. Qatar Cool has upgraded its existing Itron data collection and meter data management solution, EMMSYS MDM, to help the utility enhance efficiency in its cooling system and increase customer satisfaction. The contract also includes deployment of 25,000 Itron thermal energy meters for cooling application and will be deployed in collaboration with Itron's channel partner QIFEM."
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VSAT BA | Hot Stocks16:03 EST ViaSat receives certificate in China to install connectivity in Boeing aircrafts - Viasat (SAT) announced it has been awarded a Civil Aviation Administration of China, or CAAC, Validation of Supplemental Type Certificate, or VSTC, to install its advanced Ka-band satellite connectivity system on the Boeing (BA) 737 aircraft series. Following the validation of the A320 series in April 2022, this latest approval for the 737-NG series further strengthens the foundation for Chinese airlines to install and deploy Viasat's industry-leading In-Flight Connectivity, or IFC, system, including antenna, radome, modem, server and WAPs. The Boeing 737 series VSTC joins a portfolio of Viasat certifications that have been applied globally to install Viasat's IFC system on nearly 2,000 commercial aircraft. In total, Viasat currently serves 18 airline customers, averaging over 200,000 flights per month around the world. Announced in December 2022, Sichuan Airlines is China's first domestic carrier to partner with Viasat's In-Flight Connectivity Solution and China Satcom's Satellite System. Sichuan Airlines has multiple aircraft delivering the service currently.
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CVV | Hot Stocks16:02 EST CVD Equipment receives order for ten high performance PVT-150 systems - CVD Equipment "announced that it has received an additional order for ten high performance PVT-150 systems. The systems will be used to grow 150 mm diameter monocrystalline silicon carbide (SiC) boules, which are subsequently processed into SiC wafers used in power electronics. The systems are scheduled for delivery in the first half of 2023."
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CONN | Hot Stocks16:00 EST Conn's trading resumes
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CONN | Hot Stocks15:51 EST Conn's trading halted, volatility trading pause
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MSTR | Hot Stocks15:38 EST Group One Trading reports 13.49% stake in MicroStrategy - In a regulatory filing, it was reported that Group One Trading beneficially owns 1,261,744 shares of MicroStrategy, representing a 13.49% stake.
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INTC... | Hot Stocks14:53 EST Intel unveils 4th Gen Xeon Scalable processors, Xeon CPU Max Series - Earlier today, Intel (INTC) marked what it called "one of the most important product launches in company history" with the unveiling of 4th Gen Intel Xeon Scalable processors, code-named "Sapphire Rapids," the Intel Xeon CPU Max Series, code-named "Sapphire Rapids HBM," and the Intel Data Center GPU Max Series, code-named "Ponte Vecchio." These deliver for customers "a leap in data center performance, efficiency, security and new capabilities for AI, the cloud, the network and edge, and the world's most powerful supercomputers," Intel said. "The launch of 4th Gen Xeon Scalable processors and the Max Series product family is a pivotal moment in fueling Intel's turnaround, reigniting our path to leadership in the data center and growing our footprint in new arenas. Intel's 4th Gen Xeon and the Max Series product family deliver what customers truly want - leadership performance and reliability within a secure environment for their real-world requirements - driving faster time to value and powering their pace of innovation," stated Sandra Rivera, Intel executive vice president and general manager of the Data Center and AI Group. Intel touted "expansive customer and partner adoption" from AWS (AMZN), Cisco (CSCO), Cloudera (CLDR), CoreWeave, Dell Technologies (DELL), Dropbox (DBX), Ericsson (ERIC), Fujitsu, Google Cloud (GOOGL), Hewlett Packard Enterprise (HPE), IBM Cloud (IBM), Inspur Information, IONOS, Lenovo, Los Alamos National Laboratory, Microsoft Azure (MSFT), NVIDIA (NVDA), Oracle Cloud (ORCL), and VMware (VMW), among others. Reference Link
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ALK | Hot Stocks14:34 EST Alaska Air plans to hire more than 3,500 workers this year - Alaska Airlines announced plans to hire more than 3,500 new employees this year in a variety of roles and functions. "From maintenance technicians to contact center agents, flight attendants to pilots, customer service agents to software engineers, we will have jobs available for anyone who wants to be part of our team," the company said. "Most of the new jobs are based at our hubs in Seattle and Portland, as well as locations up and down the West Coast. Benefits like the ability to work from home and flexibility of schedules are also available with some roles. Many of the positions do not require previous airline experience, so it's the perfect time to try a new career. The openings will be posted at careers.alaskaair.com throughout the year."
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AMZN... | Hot Stocks14:18 EST Amazon expands Buy with Prime service, introduces Reviews from Amazon - Earlier on Wednesday, Amazon (AMZN) blogged in part: "We launched Buy with Prime in April 2022 as a new benefit for Prime members to extend the shopping benefits that we all know and love-like fast, free shipping, a seamless checkout experience, and easy returns-to online stores beyond Amazon.com...Allowing merchants to offer Prime shopping benefits on their own direct-to-consumer online stores is an exciting part of the Buy with Prime mission to help merchants of all sizes grow their business whether on Amazon or beyond. With shoppers purchasing directly from merchants' online stores, Buy with Prime allows merchants to build customer relationships and brand loyalty while offering conversion-driving benefits. In fact, Buy with Prime has been shown to increase shopper conversion by 25% on average, according to internal Amazon data. It's important to note that this is an average. We've seen some merchants, like Trophy Skin, report shopper conversion of more than 30% since adding Buy with Prime to their online store... Since launching in April 2022, Buy with Prime has been available to merchants on an invite-only basis...We're thrilled with how Buy with Prime has helped merchants succeed so far, and we're just getting started. We're excited to announce that by January 31, Buy with Prime will be available to all eligible U.S.-based merchants...Introducing Reviews from Amazon. We're also launching a new capability for Buy with Prime merchants: the ability to display customer reviews from Amazon.com within their own online stores. The ability to display ratings and reviews on their own ecommerce stores can help merchants increase shopper trust and conversion, and better inform shopper purchase decisions." Other publicly traded companies in the space include Stitch Fix (SFIX), Etsy (ETSY), RealReal (REAL) and Poshmark (POSH). Reference Link
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LKFN | Hot Stocks14:01 EST Lakeland Financial increases dividend 15% to 46c per share - Lakeland Financial, parent company of Lake City Bank, announced that the board of directors approved a quarterly cash dividend for the first quarter of 2023 of 46c per share, payable February 6 to shareholders of record as of January 25. The quarterly dividend represents a 15% increase over the quarterly dividend rate of 40c per share paid in 2022. "We are pleased to announce another healthy increase to our dividend rate. Our consistent long-term operating performance and a strong capital foundation provide the capacity to comfortably increase dividends to shareholders," commented David Findlay, President and CEO.
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AMRN | Hot Stocks13:36 EST Sarissa Capital submits notice to call Special Meeting of Amarin shareholders - Sarissa Capital Management made the following statement on Amarin Corporation: "At the last shareholder meeting, the shareholders, the owners of the company, loudly expressed their lack of faith in the board and management. Sarissa sought to place shareholder representatives on the board and engaged with the company in what turned out to be months of simply lip service by the board, led by its Chairman Per Wold-Olsen. Despite Sarissa having a track record of creating significant shareholder value in healthcare companies, including those with cardiovascular drugs such as The Medicines Company, Amarin's board rejected adding any shareholder representatives to the board in favor of their own candidates, including today's addition of a board candidate without any input from Sarissa, Amarin's largest shareholder. Amarin's acknowledgement of its need for board refreshment is a positive step in recognizing the company's many mishaps and the board's own entrenchment. However, after months of back and forth, it is clear to us that this board refreshment process was a charade led by Chairman Per Wold-Olsen. Sarissa is astounded by Amarin's blatant disregard for shareholders. The board's actions epitomize poor governance. We believe that they do not understand a board's mission and duties to shareholders, the owners of the company. We can only conclude that Amarin's board does not seek real change and instead wants to remain entrenched at the expense of shareholders. Sarissa has submitted notice to Amarin under UK law to call a special meeting of shareholders to add 7 directors to the board and to remove Chairman Per Wold-Olsen from the board. In the event that the Amarin board attempts the contemptible act of continuing to entrench themselves by filling any of the vacancies on the board, takes any other actions in violation of their fiduciary duties or interferes with Sarissa's exercise of its shareholder rights, Sarissa will initiate immediate legal action to hold all directors personally accountable to the fullest extent of the law. Such an act by the board would be the ultimate betrayal to shareholders. Sarissa will also seek to remove those directors appointed by the board in order to create the vacancies necessary to add Sarissa's nominees to the board. We are asking all shareholders to remain engaged and voice their opinions by voting at the special meeting."
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ISPC | Hot Stocks13:12 EST iSpecimen names Tracy Curley as CEO - iSpecimen announced that its board of directors has appointed Tracy Curley, former Interim CEO, as CEO, effective immediately. Curley was previously appointed Interim CEO in September 2022, while concurrently serving as the company's CFO. With the appointment of Curley as CEO, the board will be initiating a comprehensive search process to identify a new CFO, iSpecimen said.
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BTRS | Hot Stocks13:01 EST Billtrust names Grant Johnson CMO, Robert Purcell CFO - Billtrust announced two executive leadership appointments. Grant Johnson has been named Chief Marketing Officer, and Robert Purcell has been named Chief Financial Officer. The announcements come following the December 2022 EQT acquisition of Billtrust and appointment of Sunil Rajasekar as Chief Executive Officer. "I am thrilled to welcome Grant and Robert to Billtrust," said Billtrust CEO Sunil Rajasekar. "As experienced executive leaders with proven track records of success, Grant and Bob accelerate our ability to create extraordinary outcomes for our customers as we help them digitize their order-to-cash process."
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BA | Hot Stocks12:54 EST Boeing reports 774 commercial orders in 2022 - Boeing reported 774 commercial orders last year after cancellations and conversions, including 561 orders for the 737 family and 213 orders for the company's twin-aisle airplanes. Boeing delivered 69 commercial jets in December, including 53 737 MAX, bringing total deliveries for 2022 to 480 airplanes. "We worked hard in 2022 to stabilize 737 production, resume 787 deliveries, launch the 777-8 Freighter and, most importantly, meet our customer commitments," said Boeing Commercial Airplanes President and CEO Stan Deal. "As the airline industry expands its recovery, we are seeing strong demand across our product family, particularly the highly efficient 737 MAX and the 787 Dreamliner. We will stay focused on driving stability within our operations and the supply chain as we work to deliver for our customers in 2023 and beyond." Commercial orders after cancellations and conversions include: 561 orders for the 737 MAX, adding new customers such as ANA, Delta Air Lines, IAG, and low-cost carrier Arajet; 213 orders for widebodies, including 114 787s, 31 767s and 68 777s; 78 orders across Boeing's freighter line, including 45 orders for the 767-300 Freighter and current 777 Freighter; Launching the 777-8 Freighter with more than 50 orders, including conversions. Commercial deliveries include: 387 737s, including 374 737 MAX and 13 military-derivative airplanes; 93 widebodies, including 5 747s, 33 767s, 24 777s and 31 787s; 44 new production freighters; As of Dec. 31, 2022, the Commercial Airplanes backlog is 4,578 jets.
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GM... | Hot Stocks12:45 EST RMI launches virtual power plant partnership with GM, Google, Ford - Energy transition nonprofit RMI announced the formation of the Virtual Power Plant Partnership. In recognition of the critical work needed to tackle scaling the market for virtual power plants, initial funding of the VP3 effort was made possible by General Motors (GM) and Google Nest (GOOGL). VP3 now includes founding members Ford (F), General Motors, Google Nest, OhmConnect, Olivine, SPAN, SunPower (SPWR), Sunrun (RUN), SwitchDin, and Virtual Peaker. VP3 is an initiative based at RMI that works to catalyze industry and transform policy to support scaling VPPs in ways that help advance affordable, reliable electric sector decarbonization by overcoming barriers to VPP market growth. Virtual power plants are portfolios comprised of hundreds or thousands of households and businesses that offer the latent potential of their electric vehicles, smart thermostats, appliances, batteries, solar arrays, and additional energy assets to support the grid. VP3 follows in the path of successful institutional spinoffs in the electric sector space previously incubated by RMI including the Clean Energy Buyers Association and the Energy Web Foundation. "Virtual power plants are poised for explosive growth, and RMI is committed to being at the forefront of their success by launching VP3," said RMI CEO Jon Creyts. "Our analysis shows that VPPs can reduce peak power demand and improve grid resilience in a world of increasingly extreme climate events. A growing VPP market also means revenue opportunities for hardware, software, and energy-service companies in the buildings and automotive industries. For large energy users, VPPs can significantly reduce energy spend while providing new revenue streams." Reference Link
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FEDU | Hot Stocks12:34 EST Four Seasons Edu (Cayman) Inc ADR trading resumes
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FEDU | Hot Stocks12:18 EST Four Seasons Edu (Cayman) Inc ADR trading halted, volatility trading pause
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MRNA | Hot Stocks12:13 EST Senator Sanders says Moderna COVID vaccine pricing shows 'unacceptable' greed - Senator Bernie Sanders of Vermont tweeted: "I sent a letter today to the CEO of Moderna with a simple message: In the midst of a public health crisis, quadrupling the price of a publicly-funded COVID-19 vaccine is unacceptable corporate greed." Reference Link
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PRST TACO | Hot Stocks12:02 EST Presto Automation expands partnership with Del Taco Restaurants - Presto Automation (PRST) is announcing an expansion of its partnership with Del Taco Restaurants (TACO) to provide automated voice ordering at several drive-thru restaurants nationwide. Its artificial intelligence powered solution, Presto Voice, is already operating 24/7 at select Del Taco locations where it is significantly helping operations by improving labor productivity, increasing suggestive selling, and boosting guest and staff experience. Del Taco has 600+ locations nationwide.
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WBX | Hot Stocks12:00 EST Wallbox falls -11.1% - Wallbox is down -11.1%, or -51c to $4.03.
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EURN | Hot Stocks12:00 EST Euronav NV falls -16.1% - Euronav NV is down -16.1%, or -$2.56 to $13.38.
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RYAM | Hot Stocks12:00 EST Rayonier Advanced Materials falls -28.3% - Rayonier Advanced Materials is down -28.3%, or -$2.59 to $6.57.
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ADCT | Hot Stocks12:00 EST ADC Therapeutics rises 16.3% - ADC Therapeutics is up 16.3%, or 59c to $4.22.
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FRO | Hot Stocks12:00 EST Frontline rises 24.7% - Frontline is up 24.7%, or $2.79 to $14.12.
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OSH | Hot Stocks12:00 EST Oak Street Health rises 28.5% - Oak Street Health is up 28.5%, or $6.43 to $29.00.
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COSM | Hot Stocks11:58 EST Cosmos Holdings updates agreement to acquire Cana Laboratories - Cosmos Health has extended and updated its previously issued binding letter of intent to acquire Pharmaceutical Laboratories CANA, a Greek pharmaceutical company that manufactures, sells, distributes, and markets original branded products researched and developed by global pharmaceutical and healthcare companies. Cosmos Health has renegotiated the acquisition price of Cana to achieve much improved payment terms. The updated letter of intent will remain effective until May 31, 2023.
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JFBC | Hot Stocks11:55 EST Jeffersonville Bancorp board authorizes special dividend of 10c per share - Jeffersonville Bancorp announced that a special cash dividend in the amount of ten cents per share on the common stock of the company was declared at the January 10, 2023 meeting of the Board of Directors. The dividend is payable on January 31, 2023 to stockholders of record at the close of business on January 24, 2023.
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CVS | Hot Stocks11:51 EST CVS Health saw flu vaccinations 'elevate a little bit' in latter part of 2022
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META | Hot Stocks11:41 EST Meta further restricts options advertisers have to reach teens - In a blog post, Meta said, "As part of our continued work to keep our apps age-appropriate for teens, we're making further changes to their ad experiences. We recognize that teens aren't necessarily as equipped as adults to make decisions about how their online data is used for advertising, particularly when it comes to showing them products available to purchase. For that reason, we're further restricting the options advertisers have to reach teens, as well as the information we use to show ads to teens. We're also introducing more teen-specific controls and resources to help them understand how ads work and the reasons why they see certain ads on our apps. These changes reflect research, direct feedback from parents and child developmental experts, UN children's rights principles and global regulation. Previously, we made changes to how advertisers can reach teens, which included removing the ability for advertisers to target teens based on their interest and activities. We're announcing further updates to our ad system beginning in February, including removing gender as an option for advertisers to reach teens. Additionally, their engagement on our apps - like following certain Instagram posts or Facebook pages - won't inform the types of ads they see Age and location will be the only information about a teen that we'll use to show them ads. Age and location help us continue to ensure teens see ads that are meant for their age and products and services available where they live. Starting in March, teens will have more ways to manage the types of ads they see on Facebook and Instagram with Ad Topic Controls, expanding on what's already available. Teens will be able to go to their Ad Preferences within Settings on both apps, and choose See Less or No Preference to further control the types of ads they see." Reference Link
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GLOB | Hot Stocks11:24 EST Globant acquires Vertic, terms not disclosed - Globant has acquired Vertic, a Copenhagen and New York based creative consultancy with a strong focus on life-sciences and other B2B disciplines. This acquisition will allow Globant to consolidate its global digital marketing network and start operations in Denmark from where it will offer services to companies based in the Nordic countries.
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CVS SGFY | Hot Stocks11:23 EST CVS Health sees Signify Health deal closing in 1H, CEO says - Comments taken from the 41st Annual J.P. Morgan Healthcare Conference.
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BA | Hot Stocks11:23 EST Boeing announces total Q4 deliveries 152 aircraft - Total 2022 deliveries were 480 aircraft, Boeing said in a statement.
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BAESY | Hot Stocks11:02 EST BAE Systems receives $119.2M contract from U.S. Navy - BAE Systems has received a $119.2M contract from the U.S. Navy to perform major modernization work aboard the Arleigh Burke-class guided-missile destroyer USS Lassen. The value of the competitively-awarded contract could reach $137.9M if all options are exercised.
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BA | Hot Stocks11:01 EST Boeing delivered 110 737s in Q4, 2 747s - Boeing delivered 12 767s in Q4, as well as six 777s and 22 787s.
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INGN | Hot Stocks11:01 EST Inogen achieves regulatory milestones to support portable oxygen products - Inogen announced that it has achieved regulatory milestones in the EU and the US to support its portable oxygen concentrator products. Inogen received European Medical Device Regulation certification from its Notified Body, the British Standards Institution , BSI, in December 2022, granting permission to sell and commercialize Inogen One G4 and the updated version of its Inogen One G5 portable oxygen concentrators in the EU. Additionally on December 9 , Inogen was granted clearance for its 510k premarket notification by U.S. Food and Drug Administration FDA for a new portable oxygen concentrator, Rove 4, which will take Inogen's leadership in portability of POCs to the next level. These regulatory achievements enhance Inogen's portfolio of portable oxygen concentrator products with the addition of the Rove series. Rove 6, a new and improved 6-setting device has already been launched in European countries where reimbursement is grandfathered, and Rove 4, a 4-setting device delivering ultimate performance and portability, is expected to launch in the US by the back half of 2023 having received FDA market clearance in December. "We are pleased to announce the receipt of both the EU MDR certification and US FDA clearance," said Nabil Shabshab, President and Chief Executive Officer. "This is an important next step in Inogen cementing its commitment to continue leading POC innovations to serve patients in need of oxygen therapy around the world. The Rove series will serve as our next generation POC platform with product launches being planned for 2023. We are excited about these new products and the progress in the overall innovation roadmap towards next generation offerings to serve COPD patients and beyond."
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RACY | Hot Stocks11:01 EST Relativity Acquisition Corp trading resumes
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RACY | Hot Stocks10:51 EST Relativity Acquisition Corp trading halted, volatility trading pause
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GTII CRTD | Hot Stocks10:40 EST Global Tech Industries executes binding LOI for Creatd acquisition - Global Tech Industries Group (GTII) announced that they have executed a binding Letter of Intent regarding the acquisition of Creatd (CRTD) by GTII for $100 million of GTII restricted shares of common stock. Final acquisition terms will be subject to due diligence, regulatory approval, and approval of the boards and shareholders of both parties. As part of the LOI, Creatd has committed to a 30- day halt to any discussions with other potential acquirers. As due diligence and negotiations continue, Creatd intends to complete the spinoff of its media subsidiary, OG Collection Inc.
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JPM | Hot Stocks10:31 EST JPMorgan Wealth Management announces QuickDeposit for investments - J.P. Morgan Wealth Management launched QuickDeposit for Investments, enabling all clients to deposit checks into their investment accounts anytime from their phone. The bank said: "Now clients can click "Deposit Checks" on the Home or Pay & Transfer tabs in the Chase Mobile app, take a photo of the check and have their funds deposited in their investment account within 24 hours. This is another step in J.P. Morgan Wealth Management's journey to building out its digital investment capabilities."
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SILO | Hot Stocks10:16 EST Silo Pharma advances clinical study on effects of psilocybin in inflammation - Silo Pharma announced a progress update on its sponsored research study with the University of California, San Francisco examining psilocybin's effect on inflammatory activity in humans. The clinical study evaluates three populations of patients suffering from Parkinson's disease, bipolar disorder, and chronic pain. Eric Weisblum, CEO of Silo Pharma, commented, "The UCSF research team is making progress on the clinical trial. The data gathered from these studies could uncover the role of inflammatory activity on such conditions as Parkinson's, Bipolar disorder and Chronic Pain. Utilizing Psilocybin in this study in a regimented dosing pattern, we hope to gain significant data both in mechanism of action and potential biomarker for personalization of psilocybin therapy. The targeted patient populations from the study could provide support for the development and use of psilocybin as a therapeutic coupled with our novel homing peptides and topical technology." For each patient population, the clinical studies involve preparation therapy, two separate dosing sessions with psilocybin, and integration therapy. At the Clinical & Translational Science Institute at UCSF, four blood samples are collected from each participant, one at baseline before treatment begins, one at 24 hours post dosing for each dosing session, and one at a 30-day follow up. The research team is on track to complete data collection from Parkinson's disease patients by the end of February 2023. Data collection is expected to begin in early 2023 for the bipolar study, and in April 2023 for the chronic pain study patients.
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SNX | Hot Stocks10:11 EST TD Synnex, Authomize partner for ITDR platform - Authomize announced a partnership with TD SYNNEX to bring its solutions for protecting organizations from identity-based threat to customers. Authomize's Software-as-a-Service solution enables organizations to automatically secure access privileges across their entire cloud stack, including IaaS, SaaS, and IAM solutions.
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CIDM | Hot Stocks10:05 EST Cinedigm, TripleLift partner for in-show advertising - TripleLift announced it has partnered with Cinedigm to launch In-Show advertising for brands and advertisers across its flagship streaming service, Cineverse, and suite of FAST channels, including The Bob Ross Channel, Realmadrid TV, The Dove Channel and more.
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CIDM | Hot Stocks10:04 EST Cinedigm enters distribution agreement with Filmhub - Cinedigm announced that it has begun adding more than 18,000 additional film and television episodes to Cineverse, its flagship streaming service, through an expanded distribution agreement with leading independent film distributor, Filmhub. The deal between the two companies marks the first major third-party content transaction completed on behalf of Cineverse, which launched this past September. With plans to offer the world's largest streaming film & television library, Cineverse will now carry more than 32,000 film and television episodes under this deal. All of these films and a wide range of additional titles will be available at cineverse.com, as well as across iOS, Android, Roku and Samsung connected television apps. In addition, support for Amazon Fire TV, LG webOS and Apple TV apps will be made available shortly.
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TPG | Hot Stocks10:02 EST TPG launches inaugural TPG NEXT Fund - TPG announced the launch of the inaugural TPG NEXT fund, which will back the next generation of underrepresented alternative asset managers. CalPERS will anchor the fund with a $500 million commitment, and TPG will continue to raise third-party capital to address its significant pipeline and compelling opportunity set across the diverse manager landscape. The target size of the fund was not disclosed.
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ETWO | Hot Stocks10:00 EST E2open falls -10.2% - E2open is down -10.2%, or -60c to $5.29.
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EURN | Hot Stocks10:00 EST Euronav NV falls -18.0% - Euronav NV is down -18.0%, or -$2.87 to $13.07.
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RYAM | Hot Stocks10:00 EST Rayonier Advanced Materials falls -19.7% - Rayonier Advanced Materials is down -19.7%, or -$1.80 to $7.36.
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BE | Hot Stocks10:00 EST Bloom Energy rises 9.2% - Bloom Energy is up 9.2%, or $1.83 to $21.72.
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FRO | Hot Stocks10:00 EST Frontline rises 17.1% - Frontline is up 17.1%, or $1.94 to $13.27.
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OSH | Hot Stocks10:00 EST Oak Street Health rises 27.6% - Oak Street Health is up 27.6%, or $6.22 to $28.80.
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RNGR | Hot Stocks09:47 EST Ranger Energy falls -8.9% - Ranger Energy is down -8.9%, or -99c to $10.17.
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RYAM | Hot Stocks09:47 EST Rayonier Advanced Materials falls -11.6% - Rayonier Advanced Materials is down -11.6%, or -$1.06 to $8.10.
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EURN | Hot Stocks09:47 EST Euronav NV falls -15.8% - Euronav NV is down -15.8%, or -$2.52 to $13.42.
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STEM | Hot Stocks09:47 EST Stem rises 9.1% - Stem is up 9.1%, or 74c to $8.88.
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FRO | Hot Stocks09:47 EST Frontline rises 21.7% - Frontline is up 21.7%, or $2.46 to $13.79.
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OSH | Hot Stocks09:47 EST Oak Street Health rises 31.8% - Oak Street Health is up 31.8%, or $7.18 to $29.75.
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EBON | Hot Stocks09:46 EST Ebang International trading resumes
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ICCC | Hot Stocks09:40 EST ImmuCell trading resumes
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EBON | Hot Stocks09:36 EST Ebang International trading halted, volatility trading pause
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ALTI | Hot Stocks09:35 EST Cartesian Growth Corp trading resumes
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LIVC | Hot Stocks09:31 EST Live Current Media to launch 'Exosystem' collaborative platform in 2023 - Live Current Media announces its plans to bring together the Company's five recent acquisitions into a proprietary collaborative platform in 2023, leveraging and driving its strategy to become home to the 250+ million "Independent Creators" that define the creator economy. Live Current Media is focused on creating a platform for what the Company refers to as "the Independent Creator" and unlocking their vast influence and earning power. "It is estimated that there are over 300 million creators globally, creating a $100+ Billion Creator economy," said Live Current Media Chief Marketing Officer, Alex Mecl, "yet less than 17% can actually monetize their creation."
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ALTI | Hot Stocks09:30 EST Cartesian Growth Corp trading halted, volatility trading pause
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ICCC | Hot Stocks09:30 EST ImmuCell trading halted, volatility trading pause
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FOCS | Hot Stocks09:30 EST FPCM to join Focus partner firm GYL Financial Synergies - Focus Financial Partners entered into a definitive agreement under which Financial Partners Capital Management will join Focus partner firm GYL Financial Synergies, GYL is headquartered in West Hartford, CT and has offices in Westport, CT and Parsippany, NJ. The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions. Founded in 1988, FPCM is a full-service registered investment advisor headquartered in New York, NY. The firm provides comprehensive financial planning and investment management services to high net worth individuals and families. FPCM is currently led by the firm's three partners, Aaron Cohen, Vincent Marsden and Craig Giventer, supported by their experienced team of financial advisors and client support service professionals. Through this transaction, GYL will establish a presence in the New York City wealth management market, allowing it to extend its regional presence in the Northeast. The GYL team will also benefit from the addition of a strong team of advisors with deep, long standing client relationships. Once the transaction closes, GYL's institutional and private client services in West Hartford, Westport, Parsippany, and New York City will move forward together under one brand name, GYL Financial Synergies.
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NLSP | Hot Stocks09:28 EST NLS Pharmaceutics announces patent grant for Mazindol - NLS Pharmaceutics announced that the Patents Registry, Intellectual Property Department of The Government of the Hong Kong Special Administrative Region has granted approval for Patent Application 42022055879.5, which covers Mazindol ER as a method of treatment for ADHD. This patent is expected to expire no earlier than 2037.
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EML | Hot Stocks09:28 EST Eastern Company appoints Mark Hernandez as CEO - The Eastern Company announced that its Board of Directors has named Mark Hernandez, currently a member of the Board of Directors, the Company's next Chief Executive Officer, effective January 23, 2023. Mr. Hernandez will succeed August Vlak, who has served as CEO since 2016. Mr. Hernandez has led Navistar's global manufacturing, supply chain, and logistics since 2018, most recently as Executive Vice President.
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RCRT | Hot Stocks09:27 EST Recruiter.com, FIRST enter strategic client partnership - Recruiter.com Group announced a strategic client partnership with FIRST to help grow specialist talent on their client's team.
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JAGX | Hot Stocks09:25 EST Jaguar Health, Filament Health form joint venture Magdalena Biosciences - Jaguar Health, Filament Health and One Small Planet announced the formation of a U.S.-based joint venture named Magdalena Biosciences, Inc. to develop novel, natural prescription medicines derived from plants for mental health indications including attention-deficit/hyperactivity disorder in adults. Initial funding of US$1,000,000 will be invested by Boulder, Colorado-based One Small Planet, founded by Will Peterffy. This funding will be payable in quarterly installments in 2023 based on the achievement of defined milestones by Magdalena Biosciences. The goal of the collaboration is to extend the botanical drug development capabilities of Jaguar and Filament in order to develop pharmaceutical-grade, standardized drug candidates for mental health disorders, and to partner with a potential future licensee to develop and commercialize these novel plant-based drugs.
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EEX | Hot Stocks09:25 EST Emerald Holding acquires Lodestone Events - Emerald Holding announced that it has acquired all of the assets comprising the business known as Lodestone Events, producers of the successful Overland Expo series of vehicle-based, adventure travel consumer shows. The acquisition supports Emerald and Lodestone's shared mission to power connectivity, builds on Emerald's decades of experience in outdoor recreation with its renowned Outdoor Retailer wholesale trade show, and represents the Company's strategic expansion into the growing business-to-consumer event space. All Lodestone employees will join the Emerald team, with Lodestone founders Lindsay Hubley and Jessica Kirchner joining Emerald's management team and continuing to lead the Overland Expo series. The acquisition of Overland Expo event series and daily digital content signifies another important step in Emerald's portfolio optimization strategy: strengthening the Company's position in high-growth markets and expanding further into consumer events. "Formally entering the B2C event space is paramount to Emerald's corporate strategy of expanding into new and high-growth markets to accelerate top-line growth and unlock significant value for shareholders," said Herve Sedky, President & CEO of Emerald. "Adding a best-in-class consumer event series like Overland Expo demonstrates our successful implementation of this strategy and provides Emerald with talented leaders in this space, who together will enable us to continue to advance Emerald's core services of live event connections, content, and commerce."
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JUPW | Hot Stocks09:24 EST Jupiter Wellness commences trading on Upstream - Jupiter Wellness will become available at 10:00am EST under the ticker symbol JUPW on Upstream. The Jupiter Wellness digital collectible NFT commemorating the dual listing is also available for all Upstream participants to claim with the claim code "JUPW".
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PIRS SGEN | Hot Stocks09:24 EST Pieris Pharmaceuticals announces $5M milestone from Seagen - Pieris Pharmaceuticals announced that the Company has achieved a $5 million milestone from Seagen. The milestone is based on dosing the first patient in a Seagen-sponsored phase 1 study of SGN-BB228, a novel bispecific antibody-Anticalin molecule (Mabcalin(TM)) that is designed to provide a potent costimulatory bridge between tumor-specific T cells and CD228 expressing tumor cells. The Seagen-sponsored open-label phase 1 study is evaluating the safety and tolerability of SGN-BB228 in patients with advanced melanoma and other solid tumors. Secondary endpoints in the study include pharmacokinetics and antitumor activity. This program is one of three ongoing immuno-oncology programs with Seagen and preclinical data were recently presented at the Society for Immunotherapy of Cancer's Annual Meeting in Boston. Pieris has an opt-in option to a U.S. co-promotion for one program in the collaboration.
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INFA | Hot Stocks09:23 EST Informatica announces CFO transition - Informatica announced the appointment of Michael McLaughlin, a seasoned finance leader and most recently Chief Financial Officer of FICO, as Informatica's Executive Vice President and Chief Financial Officer effective January 16, 2023. McLaughlin succeeds Eric Brown, who has notified the Informatica Board of Directors of his intention to step down to pursue other opportunities. Brown's departure follows more than four years as Informatica's Chief Financial Officer. Brown will remain a consultant to the company through March 31, 2023, to support a seamless transition.
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AIRG | Hot Stocks09:23 EST Airgain partners with Deutsche Telekom IoT for borderless IoT - Airgain has announced its partnership with Deutsche Telekom IoT to connect its asset tracking devices with Europe's leading IoT network coverage for a best-in-class solution. The agreement will allow Airgain to bundle connectivity from Deutsche Telekom IoT with its asset tracking customers across Europe, the Middle East and Africa, EMEA, as well as within the US and beyond. "Adding Deutsche Telekom IoT as a connectivity partner gives Airgain additional global reach," said Morad Sbahi, Chief Revenue Officer at Airgain. "They are a world-class partner with broad capabilities and a world-class signal. At Airgain, we are excited to partner with one of Europe's top IoT innovators."
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JAMF AAPL | Hot Stocks09:22 EST Jamf Holding helps 71,000 customers succeed with Apple - Jamf announced that as of December 31, 2022, it is now helping approximately 71,000 active customers succeed with Apple and is running on approximately 30 million devices worldwide.
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AMBZ | Hot Stocks09:22 EST American Business Bank promotes Caveza to Regional VP - American Business Bank announces the promotion of Jonathan Caveza to Regional Vice President, VP, of the Long Beach Regional office. In this role, Caveza will lead the Bank's Long Beach relationship managers, furthering the success of partnering with middle-market businesses in Southern California. Caveza joined American Business Bank in November 2017 as First Vice President and Senior Relationship Manager.
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CLOV | Hot Stocks09:21 EST Clover Health CEO says 2023 will be 'pivotal year' - "2023 will be a pivotal year for Clover Health and I believe we will prove out the strength of our approach to managing care for Medicare beneficiaries. It's an exciting time for me to transition into the role of Chief Executive Officer, working with our team to deliver results for our members, our physician network partners, and our shareholders", said Andrew Toy, Chief Executive Officer of Clover Health. "We expect to build upon our positive momentum from 2022 to deliver continued improvement in our financial performance across both our Insurance and Non-Insurance lines. During the most recent Medicare Advantage Annual Enrollment Period, we intentionally priced our Insurance plans with profitability in mind as opposed to growth. Due to this strategic shift, we expect to start 2023 with Insurance membership approximately in line with our Insurance membership as of January 1, 2022, and we expect favorability in 2023 MCR and growth in 2023 Insurance top-line revenue. On our Non-Insurance business, we are continuing with our previously disclosed strategic shift to reduce the number of participant providers we accept into the program in connection with an increased prioritization of profitability. The resulting improvement in the returning member mix for both lines of business is expected to further improve our financial profile. We intend to issue additional guidance for full-year 2023 at a later date. However, the partial guidance for full-year 2023 we are issuing today highlights the anticipated favorable impact of our ongoing strategy to prioritize profitability", said Mr. Toy.
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CLOV | Hot Stocks09:21 EST Clover Health sees 2023 insurance revenue $1.15B-$1.2B - For full-year 2023, Clover Health issues its partial guidance as follows: Insurance Segment: Insurance revenues are expected to be in the range of $1.15 billion to $1.20 billion in 2023, as compared to our most recently issued 2022 guidance range of $1.0 billion to $1.1 billion. Insurance MCR is expected to be in the range of 89% - 91% in 2023. Non-Insurance Segment: Non-Insurance revenues are expected to be in the range of $0.75 billion to $0.80 billion in 2023. Non-Insurance MCR is expected to be in the range of 98% - 100% in 2023.
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WEJO USCT | Hot Stocks09:21 EST Wejo enters into business combination with TKB Critical Technologies 1 - Wejo Group (WEJO) announced that it has entered into a definitive business combination agreement to combine with TKB Critical Technologies 1 (USCT). The proposed business combination is subject to a number of closing conditions and the parties anticipate that the transaction will close in the second quarter of 2023. Upon closing of the business combination, the combined company will retain Wejo's ticker symbol and will continue to trade on the Nasdaq Stock Market. Through a combination of an anticipated PIPE raise and funds from TKB's trust, Wejo believes that this transaction can raise up to $100M to fund its growth initiatives and position the company to execute on its strategic goals, and potentially reach cash flow breakeven which is expected by mid-2025. Wejo will continue to work on additional short-term funding initiatives to provide bridge capital until the transaction closes. The proposed business combination is structured as a stock-for-stock merger, whereby each of Wejo and TKB will become wholly owned subsidiaries of a new holding company. At closing of the transaction, each issued and outstanding share and warrant of TKB will be exchanged for the right to receive a number of Wejo Holdings common shares and warrants, respectively, based on an exchange ratio calculated by dividing $11.25 by the volume weighted average price per Wejo common share for the 15 consecutive trading days immediately preceding the second trading day prior to the date of Wejo's shareholders' meeting, subject to a collar. Wejo shareholders will receive equivalent shares in Wejo Holdings. The structure of this transaction seeks to limit TKB stockholder redemptions and maximize cash delivered to Wejo by providing TKB investors with an approximately 10% premium to the estimated cash in TKB's trust in Wejo Holdings shares. The transaction is expected to provide up to $100 million in combined cash proceeds from the funds in trust and the proceeds of a contemplated PIPE to be raised prior to closing to successfully execute on Wejo's strategy. The board of directors of Wejo and the board of directors of TKB have each unanimously approved the business combination agreement and the transactions contemplated thereby. Richard Barlow, co-founder and CEO of Wejo, said "This transaction is transformative for Wejo, providing significant funding progress in our bridge to profitability and allowing us to make critical investments in our technology platform and product portfolio. The deal signifies a clear recognition that Wejo's market differentiating Smart Mobility for Good products and services are world-class and positions the company to invest and capitalize on the expected tidal wave of business growth opportunities."
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AVPT | Hot Stocks09:20 EST AvePoint adds governance, management support for Microsoft Power Platform - AvePoint announced its governance, management, migration, and data protection capabilities now extend to Microsoft Power Platform. While organizations are rapidly adopting Power Platform to automate processes, build digital solutions, analyze data, and create virtual agents, IT leaders struggle to implement strategies for Power Platform that support governance, security, and compliance requirements.
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ADRNY | Hot Stocks09:19 EST Ahold Delhaize CFO Natalie Knight to depart - Ahold Delhaize announces that Natalie Knight, CFO since 2020, has informed the company that she will pursue another career opportunity in the United States of America, and will leave Ahold Delhaize. A six months' notice period applies. The search for a successor has started.
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TRUP | Hot Stocks09:19 EST Trupanion announces proposal to eliminate staggered board - The Company also announced that, following engagement with shareholders and evaluation of best practices, it plans to put to a shareholder vote at the 2023 Annual Shareholder Meeting a proposal to eliminate its staggered board and move to an annual election process. In connection with this plan, no directors would remain on the Board without being re-elected at the Annual Shareholder Meeting in June of 2023.
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TRUP | Hot Stocks09:18 EST Trupanion CEO to assume additional role as chair of the board - Trupanion announced that Darryl Rawlings, Founder & Chief Executive Officer, will assume the additional role of Chair of the Board, effective immediately. Murray Low, PhD, the prior Chair of the Board, will assume the role of Lead Independent Director. Today's announcement is in alignment with the Company's long-term succession plans and Mr. Rawlings's intention to support a smooth CEO succession in 2025 and, if amenable to shareholders, to serve as Chair of the Board until 2035.
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BCTX | Hot Stocks09:18 EST BriaCell announces patent issuance, Bria-OTS IND timing guidance - BriaCell Therapeutics announced that it has received an Issue Notification from the United States Patent and Trademark Office for the composition of matter and method of use of its personalized off-the-shelf cell-based immunotherapy for cancer. The patent will issue on January 24, 2023 as US Patent No. 11,559,574 with the term extending to May 25, 2040. Additionally, BriaCell was awarded an Australian patent covering composition of matter and method of use for its whole-cell cancer immunotherapy technology in Australia. Intellectual Property: US Patent No. 11,559,574, titled "Whole-cell cancer vaccines and methods for selection thereof," will issue on January 24, 2023, and covers the composition of matter and method of use of BriaCell's personalized off-the-shelf whole-cell immunotherapies. The novel technology involves the development of several HLA specific whole-cell immunotherapies in advance, and selection of the appropriate off-the-shelf immunotherapies for each patient based on the patient's HLA type using a fast and easy saliva test. Once issued, the patent will provide intellectual property protection through May 25, 2040, and a patent term extension under Hatch-Waxman potentially applies. Additionally, BriaCell was awarded Australian Patent No. 2017224232, titled "Whole-cell cancer vaccines and methods for selection thereof," for claims covering composition of matter and method of use for BriaCell's whole-cell immunotherapy for cancer in Australia. BriaCell currently holds multiple issued patents and pending patent applications to cover its whole-cell immunotherapy's composition of matter and method of use worldwide. Bria-OTS Program Timelines: FDA has provided guidance regarding the development of cells and final cell-bank testing for BriaCell's Bria-OTS clinical-grade cell lines. Once completed in accordance with FDA's requirements, BriaCell expects to initiate the Bria-OTS study under an Investigational New Drug Application in the first half of 2023. Additional Clinical Sites: BriaCell is pleased to announce that it has added Carle Cancer Institute, Urbana, Illinois, and the American Oncology Network, Baltimore, Maryland, as two additional clinical sites for the screening and enrollment of advanced breast cancer patients in the randomized Phase II study of BriaCell's lead candidate, Bria-IMT, with Incyte's PD-1 inhibitor, retifanlimab.
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REVG | Hot Stocks09:17 EST Rev Group publishes 2022 Corporate Sustainability Report - REV Group has released its 2022 Corporate Sustainability Report. The report shares the company's progress and continued commitment across Environmental, Social and Corporate Governance, ESG, priorities. "We began our sustainability journey in 2019 with our first report, and now four years later, we've made improvements and are advancing on the road ahead," said Rod Rushing, President and CEO of REV Group. "We are committed to improving the quality of life for our customers and communities by fulfilling our priorities as an industry leader and champion of sustainability and safety."
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FRC | Hot Stocks09:16 EST First Republic appoints team as Managing Directors, Wealth Managers - First Republic Bank announced that a seven-person team led by Brenda Travaglini, Michael Corcoran, Dennis Murray and Dan Gallagher has joined First Republic Investment Management. Travaglini, Corcoran, Murray and Gallagher were each named Managing Director and Wealth Manager. Based in Boston, the team will provide portfolio management, retirement planning, investment consulting and other wealth management services to individuals, families, nonprofits and private family foundations.
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SRT | Hot Stocks09:15 EST MCI Capital announces results of cash tender offer for shares of StarTek - MCI Capital announced the final results of its previously announced cash tender offer to purchase up to 4,000,000 shares of common stock of StarTek at a purchase price of $4.20 per share, which expired at 5:00 p.m., New York City time, on January 4, 2023. The tender offer fully closed on January 9th, 2023. MCI has accepted for payment, at a purchase price of $4.20 per share, and promptly paid $12,350,713.20 for, all 2,940,646 shares of common stock that were validly tendered and not validly withdrawn pursuant to the Offer. After giving effect to this transaction, MCI and its affiliates beneficially own approximately ~7.3% of StarTek's outstanding shares of common stock as of October 31, 2022.
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CNSL | Hot Stocks09:14 EST Consolidated appoints Stoll as president of commercial, carrier business - Consolidated Communications announced Dan Stoll as president of the Company's commercial and carrier business. Stoll will oversee Consolidated's commercial and carrier go-to-market strategy including: sales, delivery, customer support, and related development and expansion of the Company's fiber network. Michael Smith, who previously served as president of the commercial and carrier business, is retiring from the Company after 30 successful years of service. Stoll has more than 22 years of experience in the telecommunications and fiber network infrastructure industry. Most recently, Stoll served in key senior leadership roles at Zayo including senior vice president of the west region and the managing director of regional networks.
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IONQ | Hot Stocks09:13 EST IonQ acquires assets of Entangled Networks - IonQ "announced its acquisition of the operating assets of Entangled Networks, a Toronto-based company focused on enabling computation across multiple distributed quantum processors. As part of the transaction, the Entangled Networks team will join IonQ to launch IonQ Canada, strengthening IonQ's already growing international presence. Entangled Networks, previously funded by investors like OurCrowd, marks IonQ's first corporate acquisition, demonstrating ongoing market and industry leadership."
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EXFY | Hot Stocks09:13 EST Expensify announces it purchased additional 81,999 shares of its stock - Expensify announced that the company purchased 81,999 shares of its Class A common stock via net share settlement of vested equity incentive awards. This brings the total dollar amount the company has spent reducing share count to $12.1 million during 2022. "Our roots are in Silicon Valley where building a company with positive cash flow is rare," said David Barrett, Founder and CEO of Expensify. "I've always thought that was weird and believed that a business should generate cash. Our marketing and sales programs are currently fully funded and our employees are paid well, so we are returning our excess cash to investors in the form of these repurchases."
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QLGN | Hot Stocks09:13 EST Qualigen Therapeutics receives orphan drug designation for QN-302 - Qualigen announces that the U.S. Food and Drug Administration has granted Orphan Drug Designation to its lead drug candidate, QN-302, for the indication of Pancreatic Cancer. QN-302 is a small molecule selective transcription inhibitor with strong binding affinity to G4s prevalent in cancer cells.
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PRTS | Hot Stocks09:13 EST CarParts.com appoints new Chief Human Resources Officer Stephanie Urbach - CarParts.com promoted Stephanie Urbach, current SVP of HR, to CHRO, effective January 9. Urbach has global leadership experience from companies like Avery Dennison and Guidance Software.
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RGLD | Hot Stocks09:12 EST Royal Gold provides update on Q4 2022 stream segment sales - Royal Gold announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 63,100 gold equivalent ounces comprised of approximately 46,000 gold ounces, 706,600 silver ounces and 2,000 tonnes of copper related to its streaming agreements during the three-month period ended December 31, 2022. The Company had approximately 21,000 ounces of gold, 461,200 ounces of silver and 400 tonnes of copper in inventory at December 31, 2022. RGLD Gold AG's average realized gold, silver and copper prices for the fourth quarter were $1,710 per ounce, $20.09 per ounce and $8,004 per tonne, respectively. Cost of sales was approximately $396 per GEO for the fourth quarter.
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FLS | Hot Stocks09:12 EST Flowserve to support development of Aramco's Jafurah project - Flowserve will support the construction of Aramco's Jafurah project, one of the largest commercial unconventional gas fields being developed in the Kingdom of Saudi Arabia. As previously announced in its third quarter earnings call, the company is proud to confirm it will supply over 400 pumps for the project. Flowserve is working with three engineering, procurement and construction companies, who will utilize a diverse portfolio of pumps, mechanical seals and sealing systems for different components of the Jafurah project. These include the gas treatment and sulfur removal facilities, utilities and interconnecting systems, and the produced water and gas compression facilities.
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TOTZF | Hot Stocks09:12 EST Total Energy announces preliminary 2023 capex budget of $51.7M - Total Energy Services announces its preliminary 2023 capital expenditure budget of $51.7 million which includes $25.6 million of expansion capital and $26.1 million for equipment maintenance and recertifications. The 2023 expansion capital budget includes $18.4 million for rig upgrades in the Contract Drilling Services and Well Servicing segments. These upgrades include the modification of an idle drilling rig for deployment to Australia in the first quarter of 2024 under a three year contract and the modification of an idle service rig for deployment in Canadian thermal oil operations in late 2023. In addition, $5.0 million of expansion capital will be deployed for continued growth of the North American compression rental business and $2.2 million for new rental equipment for the Rentals and Transportation Services segment. The $26.1 million capital maintenance budget will be directed towards equipment re-certifications and maintenance in all business segments, including $4.1 million for new drilling rig tubulars. Total intends to finance its preliminary 2023 capital expenditure budget with cash on hand and cash flow from operations.
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VRPX | Hot Stocks09:11 EST Virpax Pharmaceuticals engages Destum to serve as exclusive advisor - Virpax Pharmaceuticals announced that the Company has engaged Destum Partners to serve as the exclusive advisor for the Company's partnering and licensing efforts in strategic global markets. This initial engagement will encompass the Company's two over-the-counter product candidates, Epoladerm, indicated for osteoarthritis pain, and AnQlar, an intranasal mucosal viral barrier. Additionally, Destum Partners will work with Virpax on identifying a partner in the animal health market for its Rx product candidate, Probudur, a long-acting local anesthetic indicated for postoperative pain management. "We have engaged Destum Partners to lead our global strategic partnering and licensing efforts for our two potential OTC product candidates as well as supporting Virpax in the animal health care market for Probudur," stated Anthony Mack, Chairman and CEO of Virpax. "While we have continued to pursue potential transactions with pharmaceutical companies for all of these product candidates, we believe that to maximize value for the Company and our shareholders we would be best served by partnering with a firm that has this type of transactional experience."
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REVB | Hot Stocks09:10 EST Revelation Biosciences announces mandatory unit separation on January 13 - Revelation Biosciences announced that, on January 13, 2023, the Company's units, which trade with the ticker symbol "REVBU" will be mandatorily separated and the units will no longer trade on the Nasdaq Capital Market. Each unit is comprised of one share of the Company's common stock and one warrant that entitles the holder to purchase one share of common stock at price of $11.50 per share. In the separation, unit owners will receive the number of shares of common stock and warrants underlying such units. This is a mandatory and automatic separation, and no action is required by the holders of units. The common stock and warrants are listed on the Nasdaq Capital Market and trade with the ticker symbols "REVB" and "REVBW", respectively.
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SDXAY | Hot Stocks09:09 EST Sodexo Live! appoints Belinda Oakly as CEO, North America - Sodexo Live! announced the appointment of Belinda Oakley as its new Chief Executive Officer, North America. Oakley replaces outgoing CEO Steve Pangburn who will stay on to help with the transition through the end of March 2023 in an advisory capacity. Pangburn has opted to step down, in order to spend more time with his family in France, where he will continue working with Sodexo. Most recently, Oakley was the CEO of Chartwells K12, a $1B business where she led 16,000 employees serving 2 million meals daily at 4,400 schools across the US.
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BIGC | Hot Stocks09:08 EST SourceKnowledge integrates with BigCommerce - SourceKnowledge announced a new partner integration with BigCommerce. This SourceKnowledge integration for BigCommerce saves merchants time and development resources by automatically completing the required steps to easily advertise with SourceKnowledge. This integration makes it seamless for a BigCommerce merchant to connect SourceKnowledge to their storefront, empowering them to instantly create ads based on the existing catalog and extend the reach of campaigns beyond the walled gardens of Google, Facebook and Amazon. Once installed, the BigCommerce merchant's website will automatically be tagged with the SourceKnowledge pixel to serve ads to the store's visitors.
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MTBC CCLD | Hot Stocks09:07 EST CareCloud announces Nasdaq ticker symbol change - As previously announced, effective today CareCloud's Nasdaq ticker symbol will change from MTBC to CCLD. At the same time, CareCloud's Series A Preferred Stock ticker will change from MTBCP to CCLDP, and the Series B Preferred Stock ticker will change from MTBCO to CCLDO.
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SMCI | Hot Stocks09:05 EST Spruce Point issues 'Strong Sell' opinion on Super Micro Computer - Spruce Point issued a "Strong Sell" opinion on Super Micro Computer, saying in a research note that it believes believe investors are chasing Super Micro's "outlandish long-term revenue goals that ultimately won't convert to cash flow" while signs of financial troubles and new financial reporting pressures emerge. The firm estimates approximately 40%-50% downside risk.
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HLBZ | Hot Stocks09:04 EST Helbiz expands fleet across North America - Helbiz announced it has completed significant expansions of its fleet in multiple cities across North America, including Austin, Honolulu, and Orlando. In Austin, the company has increased its fleet size by 63% in the past two weeks, making it easier for residents and visitors alike to access the city's many attractions. In Honolulu, the fleet size was increased by 26% in the past week, providing more options for travelers and residents to explore the island. And in Orlando, the fleet size has increased by over 65% in the last month, making it more convenient for residents and visitors to enjoy the city's various points of interest. "We are excited to expand our fleet in these cities and offer our customers a wider availability of vehicles for their intra-urban travels," said Sam Ehsani, Helbiz's Head of Operations for North America. "Our objective has always been to make it easier for people to get around their cities while enjoying the benefits of sustainable transportation. By increasing the number of vehicles available in each city, we are confident that we will be able to serve a wider range of customers, increasing our market share in each market, and be one step closer to achieving profitability in the near future."
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MTTR | Hot Stocks09:03 EST Matterport appoints Natalie Lamb as MD, EMEA - Matterport announced the appointment of Natalie Lamb as Managing Director of EMEA, effective immediately. In this role, Lamb will be responsible for overseeing Matterport's strategic growth in enterprise and SMB segments and expanding Matterport's strategic partnerships in EMEA. She led the EMEA and APAC businesses for a privately-backed IBM startup, before most recently serving as chief commercial officer for a B2B SaaS Accounting vendor.
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RICK | Hot Stocks09:02 EST RCI Hospitality reports Q1 club & restaurant sales up 13.3% y-o-y - RCI Hospitality reported sales for its Nightclubs and Bombshells restaurants of $69.2M for Q1 ended December 31, 2022, a 13.3% year-over-year increase. Sales do not include non-core operations and are preliminary and subject to final closing. Full 1Q23 financial results are expected by February 9. RCI bought back 1,500 shares for $97,530 at an average price per share of $65.02 in 1Q23. CEO Eric Langan said: "As we indicated on our most recent conference call, nightclub sales remained high, reflecting strong contributions from acquisitions, increased VIP spend at many of our northern clubs, and reopened/reformatted clubs, all of which more than offset intermittent softness at some blue collar clubs compared to a year-ago. Also as we discussed, Bombshells faced difficult comparisons to the last year and a half when they benefited from a highly favorable macro-economic environment. Despite that, Bombshells 1Q23 average unit volume of $1.2M was 5.2% higher compared to pre-COVID 1Q20. Looking ahead, FY22 club acquisitions will begin rolling into SSS in 2Q23. The segment should also benefit from full quarters of more recent acquisitions, and Bombshells should significantly improve as new locations open in FY24."
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INTA | Hot Stocks09:01 EST Intapp, ComplySci partner for conflict clearance operations - Intapp announced a new partnership with ComplySci. Intapp and ComplySci's partnership will deliver an integrated and comprehensive firm and personal conflicts clearance solution to clients.
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SOBR | Hot Stocks09:00 EST SOBRSafe CEO provides 2022 Year in Review - SOBR Safe announced that CEO David Gandini has provided the following 2022 Year in Review: "We are extremely proud to recap "The Half Year that Was" - the progress we have made since our May 2022 $10 million uplist to Nasdaq, and the subsequent sales launch of our flagship solution SOBRcheck in June 2022. Some of our notable accomplishments include: Capital Markets: We raised a total of $19.5 million in one year, during historically challenging market conditions;Paid-in capital since 2019 now exceeds $25 million; We are sufficiently capitalized to execute on our business model into 2024. Business Development: We attended 10 alcohol and drug testing-related conferences; At those events, we introduced our technology to approximately 10,000 companies; We conducted approximately 2,000 product demonstrations; We collected more than 600 qualified customer leads, each of which is being actively cultivated by our sales team; We are in early revenue with 6 customers, and we have signed 9 distributors that give us access to 52,000 potential users. Industries Entered: Our technology is now actively deployed in the following industries: Justice - Probation; Fleet & Facility; Oil & Gas; Construction; Food Management. In addition, we received a purchase order for 1,150 units to enter the Alcohol Rehabilitation market as our wearable band SOBRsure launches in Q1 2023; we also established a partnership to deploy SOBRsure in the Rideshare market upon product launch...In 2022 we overcame an economic downturn, continued COVID pressures and a tight labor market to debut on Nasdaq and become a going commercial concern. In just six months we gained material customer adoption and developed a powerful network of proven distributors and demonstrated alcohol detection buyers. We have built a strong foundation on which to grow, and we believe we are well-positioned to ramp revenue in our first full year of sales. We thank you for your continued support of SOBRsafe, and we are excited to become the new safety standard in 2023!"
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DUOT | Hot Stocks08:56 EST Duos Railcar Inspection Portal technology performs over 7M scans in 2022 - Duos Technologies Group has reported that in 2022 the Company's Railcar Inspection Portal technology performed over seven million comprehensive railcar scans, of which more than 573,000 were unique railcars. This metric encompasses all railcars scanned at locations across the U.S., Canada, and Mexico, representing approximately 35% of the total freight car population in North America. Duos was also recently awarded a contract for two high-speed systems which are expected to be operational in mid-2023 in the northeast U.S. as part of a major passenger rail infrastructure upgrade. The Super RIPs will deploy new machine vision technologies capable of capturing safety data at speeds of up to 125 miles per hour. Duos expects to deploy new wheel and brake inspection technologies with this installation. The Company also recently disclosed that it intends to build and deploy additional systems around the network which can be accessed via subscription, lowering the barriers to entry for acquiring a RIP system for railroads and railcar owners alike.
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CYTO | Hot Stocks08:55 EST Altamira Therapeutics to present at 2nd Annual mRNA-Based Therapeutics Summit - Altamira Therapeutics announced that it will be presenting at the 2nd Annual mRNA-Based Therapeutics Summit Europe Conference in Berlin, Germany, which will be held January 24-26, 2023. As an invited speaker, Covadonga Paneda, Ph.D., the Company's recently promoted Chief Operating Officer, will give a presentation at the conference titled, "Examining Extrahepatic Therapeutic mRNA Delivery with Self-Assembling Peptide-Based SemaPhore Platform." Dr. Paneda will dive deeper into topics such as: Advantages of Altamira's peptide-based platform ; The extrahepatic success of, and prospects for, SemaPhore vs other liver-restricted delivery methods. Altamira is developing the use of mRNA to therapeutically increase the local production of specific proteins outside the liver to treat a variety of diseases. For this purpose, the Company is using its SemaPhore platform to efficiently transport those mRNA payloads into extrahepatic target cells.
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DOX | Hot Stocks08:54 EST Amdocs, Macau's CTM collaborate on commercial 5G services - Amdocs announced that CTM has 5G services in the region, supporting both non-standalone and standalone standards to bring the benefits of 5G to the residents and tourists visiting Macau. CTM commissioned Amdocs to modify its online charging and billing infrastructure to support 5G standards, enabling the operator to rapidly launch new 5G products with innovative price plans and bundling offers for prepaid and postpaid customers.
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AYTU | Hot Stocks08:53 EST Aytu BioPharma continues availability of Adzenys XR-ODT - The company said, "Millions of ADHD patients in the United States rely on FDA approved treatments to control their ADHD symptoms and many of them are currently struggling to fill their prescription due to a prolonged supply disruption for generic Adderall XR extended-release capsules, CII. Many of these patients may not be aware that there's an FDA-approved, bioequivalent treatment option which is widely available. As the only FDA-approved Orally Disintegrating Tablet bioequivalent to Adderall XR, Adzenys XR-ODT extended-release orally disintegrating tablets, CII is bridging the access gap resulting from the current supply disruption, as well as the shortage of Adderall IR. Manufactured and marketed by Aytu BioPharma, Adzenys XR-ODT is available as a potential treatment option to Adderall XR in six equivalent strengths."
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BBBY | Hot Stocks08:53 EST Bed Bath & Beyond says identified additional $80M-$100M saving opportunity - Says initiated incremental cost reductions of approximately $80M to $100M across corporate, including overhead expense and headcount. Says additional $80M to $100M savings opportunity identified across supply chain. Says on track to deliver approximately $250M of SG&A savings versus last year for the second half of FY22, or $500M on an annualized basis Says on track to complete approximately 150 store closures by the end of FY22. Comments taken from Q3 earnings conference call.
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KE | Hot Stocks08:53 EST Kimball Electronics announces CEO Charron to retire, Richard Phillips succeeds - Kimball Electronics announced that Donald Charron, Chairman and Chief Executive Officer, will retire on February 28. Mr. Charron, who has been in the role for nearly a quarter century, including since the Company's spin-off from Kimball International in 2014, will depart with an impressive legacy of contributions not only to the Company, but the Electronics Manufacturing Services industry. Richard D. Phillips, an accomplished executive and transformational leader across manufacturing, distribution, industrial, consumer, and healthcare, will join Kimball Electronics on March 1 as Chief Executive Officer and a Director. Lead Independent Director, Robert J. Phillippy, a member of the Kimball Electronics Board since 2018, will become the Company's non-executive Chairperson. Commenting on the announcement, Mr. Phillippy stated, "Today marks the end of an era at Kimball Electronics."
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ORBT | Hot Stocks08:53 EST Orbit International reports consolidated bookings in excess of $10.2M for Q4 - Orbit International announced that consolidated bookings for the fourth quarter of 2022 were in excess of $10,200,000. Deliveries for some of these orders have already commenced during the quarter and are expected to continue through the first quarter of 2024. Mitchell Binder, President and CEO of Orbit International commented, "We are pleased to report that our consolidated bookings for the fourth quarter of 2022 exceeded $10,200,000. This solid booking quarter was primarily a result of our previously announced strong consolidated bookings for the months of October and November 2022, which totaled approximately $8,700,000. Rounding out the final month of the quarter, bookings were highlighted by over $500,000 in orders from each of our Orbit Instrument Division and Behlman Electronics Inc. subsidiary." Binder added, "We are very encouraged by the firm bookings from our OPG in the second half of 2022. OPG bookings for the month of December were highlighted by several orders for power supplies utilizing our VPX technology. Since 2016, our VPX business has steadily been increasing and increased approximately 8% in 2022 over the prior year despite a very significant order which has been delayed until 2023. In addition to the increase in bookings in 2022, we supplied new and existing customers many new prototype power supplies which historically have often evolved into new production orders with follow-on opportunities. Consequently, we believe our OPG is extremely well situated in the VPX marketplace, and we expect this business to be the foundation of future revenue growth for this segment of our business."
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NBIO | Hot Stocks08:52 EST Nascent Biotech enrolls final patient cohort in Phase I Brain Cancer trial - Nascent Biotech announced the completion and closure of enrollment for the final cohort of patients involved in the Company's Phase I trial to evaluate Pritumumab as a treatment for Brain Cancer. Following the completion of patient dosing in this fifth and final cohort, the Company's Phase I trial will be complete. The Company will then prepare and submit research data to the FDA in preparation for the launch of its Phase 2 clinical research.
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BTCS | Hot Stocks08:51 EST BTCS announces private beta release of StakeSeeker platform - BTCS announced the private beta launch of its proprietary Digital Asset Analytic and Staking-as-a-Service Platform: StakeSeeker. The company said, "In conjunction with the roll out of StakeSeeker, we are also pleased to announce the launch of our new investors relations and corporate website which includes a new investor presentation and provides a comprehensive resource for current and potential shareholders to gain a deeper understanding of our business and future growth prospects."
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PALI | Hot Stocks08:50 EST Palisade Bio announces early exercise of warrants - Palisade Bio announced that holders of an additional 1.46 million common stock purchase warrants issued pursuant to the Company's August 2022 public offering have exercised such Warrants for additional gross cash proceeds of $3.65 million, bringing aggregate gross proceeds from the early exercise of the Warrants to $4.9 million. "We continue to be encouraged by the ongoing shareholder support and are pleased to further strengthen our balance sheet with the recent warrant exercises. Based on management's current expectations for its planned clinical studies, we believe we have sufficient cash to fund our operations and clinical programs into the second half of 2024," commented J.D. Finley, interim Chief Executive Officer of Palisade Bio. As a January 10, 2023, 92% of the Company's Series 1 Warrants and 81% of the Company's Series 2 Warrants have now been exercised.
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EXLS | Hot Stocks08:49 EST ExlService announces partnership with Brown & Brown Absence Services Group - EXL announced a partnership with Brown & Brown Absence Services Group. Together, the two companies will develop an end-to-end claims management service that leverages conversational AI and powerful analytics to improve the claims adjudication process. This new capability will enable extracting and analyzing critical insights from unstructured claims data to instantly tag simple claims for immediate, automated processing and send more complex cases to highly skilled specialists for detailed review informed by years of claims experience. "This new technology optimizes AI and advanced analytics to improve the speed and accuracy of claims processing, while also including humans in the loop to focus on more complex cases," said Andy Logani, senior vice president, Head of Life & Annuity Business at EXL. "This is the future of the insurance industry - we've now reached a point where AI technology is able to augment human workflows to dramatically increase the speed, accuracy and depth of analyses required to meet the demands of the current marketplace."
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RGF | Hot Stocks08:49 EST Real Good Food launches enchiladas in Sam's Club nationwide - The Real Good Food Company has announced the launch of its newest product, Creamy Poblano Chicken Enchiladas, in Sam's Club stores nationwide beginning January 4, 2023. Real Good Foods is rolling out another meal offering in Sam's Club stores after launching three other nutritious products over the past year.
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ITI | Hot Stocks08:49 EST Iteris awarded $2.8M contract from SBCTA to support I-10 express lanes - Iteris announced that it has been awarded a $2.8M contract from the San Bernardino County Transportation Authority SBCTA to support the development of the I-10 Express Lanes. The project proposes to widen the I-10 highway for a stretch of 11 miles between the I-10/I-15 interchange and Pepper Street. One express lane will be added in each direction as well as new auxiliary lanes, and additional California Highway Patrol enforcement areas.
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AIP | Hot Stocks08:48 EST Arteris IP acquires Semifore to accelerate system-on-chip development - Arteris announced that it has completed the acquisition of Semifore. Semifore is used to effectively design, verify, document and help in the validation of the hardware-software integration that is essential to every SoC. Semifore's technology is used by leading semiconductor and system companies across automotive, consumer electronics, communications, enterprise computing and other applications. The addition of Semifore technologies and team expertise augments Arteris system IP and IP deployment automation with best-in-class register management products for effective software control of the IP and SoC hardware. This provides a single-source specification that auto-generates the SoC views needed across hardware designs and hardware-dependent software development including device drivers, firmware, verification and documentation. The unified view and automation of this critical SoC integration layer allow customers to accelerate hardware-software development and reduce the risks of costly SoC redesigns. The terms of the transaction were not disclosed. The acquisition is not expected to be material to 2023 revenue or earnings.
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RWAY TCON | Hot Stocks08:48 EST Runway Growth Finance completes 12 investments in Q4 - Runway Growth Finance (RWAY) provided an operational and portfolio update for the fourth quarter ended December 31, 2022. "Runway Growth capitalized on its strong momentum in the venture lending space, completing twelve investments in new and existing portfolio companies, and delivering record fourth quarter and full year originations," said David Spreng, Founder and CEO of Runway Growth. "Our team's disciplined execution in constructing a high-quality portfolio with industry-leading credit quality has Runway Growth well positioned for the year ahead regardless of market conditions. We continue to focus on deploying leverage to enhance long-term shareholder value, embracing companies that seek venture debt to generate growth. Despite a challenging macroeconomic backdrop, our team remains confident in its weather-proof platform and committed to delivering flexible financing solutions to high-quality, innovative companies." Runway Growth's net originations totaled $222.6 million in the fourth quarter. In the fourth quarter of 2022, Runway Growth funded 12 investments: six investments in new portfolio companies, and six new investments in existing portfolio companies. During the fourth quarter ended December 31, 2022, Runway Growth experienced one liquidity event totaling $10 million. In conjunction with its refinancing and upsize, an existing portfolio company prepaid its outstanding principal balance of $10 million. Subsequent to December 31, 2022, Runway Growth experienced an additional liquidity event totaling $10 million. In conjunction with a loan amendment to TRACON Pharmaceuticals, Inc. ("TCON) finalized on December 22, 2022, Tracon repaid its senior secured term loan of $10 million on January 3, 2023.
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INST | Hot Stocks08:46 EST Instructure names Chris Ball as President, COO - Instructure has named Chris Ball the company's new President and COO, effective January 9. Chief Revenue Officer Frank Maylett has informed the company that he intends to step down from the company. The date of Maylett's departure has not yet been determined. Ball was most recently General Manager, Americas Enterprise of Adobe Systems Inc. Prior to Adobe, Ball served as the Entrepreneur In Residence at Lightspeed Venture Partners, a global venture capital firm focused on multi-stage investments in the enterprise, consumer, and health sectors. Prior to his time at Lightspeed Venture Partners, Ball spent over a decade at SAP, Americas as EVP & General Manager.
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DERM | Hot Stocks08:46 EST Journey Medical completes enrollment in Phase 3 trials of DFD-29 - Journey Medical announced that it has fully enrolled and randomized all of the patients in its Phase 3 clinical program to assess the safety, efficacy and tolerability of DFD-29 for the treatment of papulopustular rosacea. The Phase 3 clinical trials are part of a collaboration with Dr. Reddy's Laboratories Ltd. for the ongoing development and commercialization of the DFD-29 program. The DFD-29 Phase 3 clinical program consists of two multicenter, randomized, double-blind, parallel-group, active-comparator and placebo-controlled clinical trials, MVOR-01 and MVOR-02, that are expected to support an NDA submission in the United States and potentially a Marketing Authorization Application in Europe. The combined enrollment target of 640 total adult patients with moderate to severe PPR was achieved in the trials; one trial was enrolling patients in the United States, and the other was enrolling patients in both the United States and Europe. The MVOR-01 and MVOR-02 clinical trials are randomized in a 3:3:2 ratio to DFD-29, Oracea or placebo once daily for 16 weeks. The primary objective is to evaluate the safety, efficacy and tolerability of DFD-29 compared to placebo for the treatment of PPR. The secondary objective is to evaluate the safety, efficacy and tolerability of DFD-29 compared to Oracea. To date, no major safety issues have been reported, and no drug-related serious adverse events have been observed. Data published in The Journal of Clinical and Aesthetic Dermatology determined DFD-29 40 mg demonstrated significantly greater efficacy than doxycycline 40 mg, placebo and DFD-29 20 mg for the treatment of PPR in a Phase 2 clinical study. DFD-29 40 mg demonstrated statistical significance compared to both placebo and doxycycline 40 mg on both co-primary endpoints-proportion of subjects with IGA treatment success and total inflammatory lesion count reduction from baseline to week 16.
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NGMS PBKOF | Hot Stocks08:45 EST Neogames formalizes long-term NeoPollard Interactive agreement with Pollard - NeoGames (NGMS) announced that it has entered into a joint venture operating agreement with respect to NeoPollard Interactive and an amendment to the parties' Michigan Joint Venture Agreement with Pollard Banknote Limited (PBKOF). The Agreements reinforce the long-term approach aimed to ensure the continued success of NPI and accordingly, the operations of its market leading customers. "Our partnership with Pollard and the formation of NPI close to a decade ago has resulted in creation of the leading provider of iLottery programs in the North American market. NPI and its customers have and continue to benefit from the close cooperation between the partners. We are pleased to announce these long-term Agreements that provide continued future commitment to growth and success of our joint customers," said Moti Malul, Chief Executive Officer of NeoGames. "The Agreements represent the natural evolution of both the relationship of NPI partners and the markets in which we operate. Both parties will cooperate closely on government relations focusing particularly on new market authorizations. Within NPI we will continue to work closely to deliver our exceptional products and services to our existing customer accounts. Given the ever changing market dynamics, the Agreements further provide the flexibility for both Joint Venture parties to pursue future iLottery opportunities in the North American market within the Joint Venture or independently, depending on the specific facts and circumstances of each relevant opportunity."
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GROM | Hot Stocks08:43 EST Grom Social Enterprises issues letter to shareholders - Grom Social Enterprises issued a letter to shareholders from Darren Marks, its Chairman and Chief Executive Officer. "Fiscal 2022 was a foundational year for Grom as we fortified our core businesses to drive growth and future profitability. We remained steadfast to our values and primary objectives to provide safe, secure platforms and environments for kids to interact and explore; to deliver world class animation services; and to bring fun, novel, and authentic kids & family entertainment properties to life... We believe the social media landscape is undergoing a massive shift driven by consumer sentiment, and is now accelerating due to action taken by the Federal Trade Commission. Policy changes will soon create a lasting impact on our industry with an emerging opportunity for our Company. United States Senators Richard Blumenthal (D-CT) and Marsha Blackburn (R-TN) introduced the Kids Online Safety Act, which is comprehensive bipartisan legislation to enhance children's safety online. While major technology companies continue to grapple with the growing concern around the safety and security of their platforms, especially when it comes to children, we remain focused on building a solution that families can trust. Grom is well-positioned to reap the benefits of the growing trend of online child safety in the social media industry. We believe that Grom is the only fully Children's Online Privacy Protection Act compliant social media application in the marketplace. This designation has always been of utmost importance to us; however, it will soon become invaluable... Initiatives for 2023 and Beyond, Our existing businesses and partnerships are primed for the next phase of growth in the markets in which we operate. As we look ahead to this year, we will continue to evaluate synergistic opportunities to augment our suite of offerings and advance our primary initiatives. We are working to rebrand and relaunch the Grom mobile app, with a focus on improving the in-app user experience, and have identified unique features to develop and implement in 2023... Additionally, we will look to expand our Santa.com franchise through the broadening of our ecommerce platform and the development of original stories and content... Moreover, we will continue to expand and develop our original content and franchise property portfolio... What's more, we plan to further capitalize on commercial, licensing, and partnership opportunities for revenue growth... Finally, we intend to vertically integrate pre- and post-production services into our animation operations by either acquisition or partnership... We are expanding our commitment to the capital markets and our shareholders through enhanced investor relations initiatives to increase market awareness of our successes."
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VERU | Hot Stocks08:43 EST Veru appoints David Ho as chairman of Scientific Advisory Board - Veru announced the appointment of David D. Ho, M.D, as Chairman of its Scientific Advisory Board. Ho, M.D., is the Founding Scientific Director of the Aaron Diamond AIDS Research Center and the Clyde and Helen Wu Professor of Medicine at Columbia University Irving Medical Center, a Member of The National Academy of Medicine, as well as a Member of The American Academy of Arts & Sciences, and a Fellow of The American Association for the Advancement of Science.
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CVS | Hot Stocks08:42 EST CVS Health sees FY23 MA membership growth in LSD-MSD range - CVS expects its total Medicare Advantage membership growth to be in the low to mid-single digit percentage range in 2023. During the annual enrollment period for 2023, CVS said its Individual MA enrollment came in below expectations, "while we are growing strongly in the dual eligible special needs market and our Group MA product continues to resonate in the market place." CVS added: "For 2023, we expanded our individual public health insurance exchange footprint to 12 states, covering approximately 40% of all addressable lives. This expansion, combined with overall market growth and several market exits by competitors, has allowed us to add more than 700,000 new members through open enrollment this year, exceeding our expectations and bringing our total exchange membership to over 750,000."
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CMND | Hot Stocks08:42 EST Clearmind Medicine completes production of CMND-100 for clinical trial - Clearmind Medicine announced that it has manufactured batches of its drug candidate, MEAI-based molecule CMND-100, for use in its first in-human clinical trial. The trial will evaluate the psychedelic-derived drug candidate for the treatment of Alcohol Use Disorder.The drug candidate was produced under GMP conditions to comply with FDA requirements.
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CVS | Hot Stocks08:41 EST CVS Health repurchased 15M shares during Q4 at average share price of $99.99 - The company also entered into a $2B fixed dollar accelerated share repurchase transaction, which became effective on January 3, 2023.
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MLSS | Hot Stocks08:41 EST Milestone Scientific enters distribution agreement with TEKMIKA - Milestone Scientific announced it has entered into a distribution agreement granting TEKMIKA Health Technologies exclusive distribution rights to market Milestone's STA Single Tooth Anesthesia System in Brazil. TEKMIKA Health Technologies is a distributor in Brazil, focused on importing, promotion, marketing and distribution of high-tech medical equipment and devices. All digital marketing of the STA and disposables will be carried out through SUPREVIDA, utilizing a 100% digital, immersive ecosystem to support the sales team and customers. SUPREVIDA will also handle all aspects of service, as well as logistics and fulfillment.
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GHI | Hot Stocks08:40 EST Greystone Housing Impact announces sales of Vantage at Stone Creek, Coventry - Greystone Housing Impact Investors announced that on January 5, 2023, Vantage at Stone Creek and Vantage at Coventry, each being a 294-unit market rate multifamily property located in Omaha, NE, were sold at the direction of the respective managing members. The Partnership's investment in Vantage at Stone Creek was originated in March 2018 and the Partnership contributed equity totaling $7.1 million during construction. The Partnership's investment in Vantage at Coventry was originated in September 2018 and the Partnership contributed equity totaling $8.1 million during construction. As a result of the sales, the Partnership's equity investment in each property was redeemed. At closing of the sales, the Partnership received net cash of approximately $27.7 million, inclusive of the return of its contributed equity. The Partnership estimates it will recognize the following in the first quarter of 2023: Gains on sale totaling approximately $15.2 million, before settlement of final proceeds and expenses, Investment income totaling approximately $244,000, Net income of approximately $0.51 per Beneficial Unit Certificate, basic and diluted, based on the number of BUCs outstanding on the date of sale, and Cash Available for Distribution of approximately $0.51 per BUC, basic and diluted, based on the number of BUCs outstanding on the date of sale.
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HYLN | Hot Stocks08:39 EST Hyliion Holdings appoints Jeffrey Craig as Chairman of the Board - Hyliion Holdings has appointed Jeffrey Craig as the new Chairman of the Board. Effective December 12. Craig succeeds Ed Olkkola, who recently passed away after a courageous battle with cancer.
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BSGM | Hot Stocks08:38 EST BioSig executes agreement with Bellin for acquisition of PURE EP technology - BioSig Technologies announced that Bellin Health System in Green Bay, Wisconsin has signed an agreement to acquire the Company's PURE EP System. The agreement follows a 60-day formal evaluation of the PURE EP System at Bellin Health. The hospital reported that the PURE EP demonstrated a significant cost savings per case as well as a substantial reduction in noise and signal interference compared to the use of conventional systems only. The agreement grants Bellin Health full autonomy with respect to its operation of the PURE EP System, and BioSig will not be required to provide an on-site clinical account manager following the new system install. "Bellin has observed, first-hand, that clear cardiac signals provide more information that can impact procedural efficiency without driving up procedural costs," commented Gray Fleming, Chief Commercial Officer, BioSig Technologies. "The terms of this agreement represent a new milestone for the PURE EP(TM) System-expanding the accessibility and automaticity of our novel digital signal processing technology."
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ICCT | Hot Stocks08:38 EST iCoreConnect launches iCoreVerify+, software with concierge service - iCoreConnect announced the product launch of iCoreVerify+ a software and concierge service that expands the capabilities of its iCoreVerify automated insurance verification software. iCoreVerify automated insurance verification software completes approximately 80% of the manual work required to verify a patient's insurance. The remaining 20% of verifications require some manual checking due to the lack of participation from some insurance companies. iCoreVerify+ concierge service provides the solution for the remaining 20% of the process for the dental practice. The iCoreConnect concierge team handles the time-consuming details for the practice.
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EVFM COST | Hot Stocks08:38 EST Evofem: Phexxi added to Costco Member Prescription Program - Evofem Biosciences (EVFM) announced that Phexxi has been added to the Costco (COST) Member Prescription Program, giving millions of additional women access to this innovative hormone-free contraceptive. The Costco Member Prescription Program is a prescription drug discount card program that provides eligible Costco members and their eligible dependents the ability to obtain lower prices on Phexxi and other participating drugs at participating pharmacies. Costco members who are uninsured and want to pay cash for their Phexxi prescription, or who have been denied coverage by their insurer, may use this program to fill their Phexxi prescriptions for less than the typical cash pay cost.
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MOTS | Hot Stocks08:37 EST Motus GI Holdings announces exploration of strategic alternatives - Motus GI announced it has initiated a process to explore a range of strategic and financing alternatives focused on maximizing stockholder value and accelerating commercialization of the Pure-Vu System. As part of this process, the Company has engaged Lake Street Capital Markets to act as an advisor to the Company in this process. Potential strategic alternatives that may be considered by the Company as part of this process include an acquisition, merger, reverse merger, other business combination, sale of assets, licensing, and other strategic transactions. The Company intends to pursue this process, however, there can be no assurance that it will result in any agreements or transactions, or that, if completed, any agreements or transactions will be successful. The Company does not expect to provide incremental updates during the evaluation process unless and until the Board of Directors has concluded that disclosure is appropriate or required. In addition, the Company's Board of Directors has approved a strategic restructuring program with the objective of preserving capital by initially reducing quarterly operating costs by approximately 35% on a go forward basis. As part of the restructuring, the Company plans on eliminating approximately 45% of its workforce, which is expected to be completed during the first quarter of 2023, among other actions to reduce the Company's cash burn. The Company expects to incur a non-recurring charge of approximately $1.0 to 2.0 million in the first quarter of 2023 related to the restructuring. The planned restructuring is intended to position the Company to explore all strategic alternatives, continue supporting its existing customers utilizing Pure-Vu EVS for colonoscopies, as well as targeting pipeline opportunities with contracted health systems. The Company recently announced it intends to seek U.S. regulatory approval for the Pure-Vu EVS Gastro device in the second half of 2023.
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POET | Hot Stocks08:35 EST Poet Technologies announces production release of optical engines - POET Technologies announced that it has released to production four optical engines, an achievement that advances the Company's commercialization goals. The small form factor optical engines with integrated directly modulated lasers, optical multiplexer, high-speed photodiodes and optical demultiplexer enable low power, cost-efficient and highly scalable 100G CWDM4, 200G FR4 and 400G FR4 pluggable transceivers for telecom and data center markets.
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OBNNF | Hot Stocks08:32 EST Osisko Mining files feasibility study for Windfall - Osisko Mining announces that it has filed the technical feasibility study report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects on its 100% owned Windfall gold deposit. The technical report entitled "Feasibility Study for the Windfall Project, Eeyou Istchee James Bay, Quebec, Canada" and dated January 10, 2023 has been prepared for Osisko by BBA Inc. The technical report is available on SEDAR under Osisko's issuer profile.
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EVRI | Hot Stocks08:32 EST Everi Holdings' anti-laundering technology selected by British Columbia lottery - Everi Holdings was selected by the British Columbia Lottery Corporation to provide its Everi Compliance Anti-Money Laundering solution in support of BCLC's gaming and online operations. The Company will support BCLC as it conducts and manages lottery, casino, bingo, and online gaming on behalf of the province for the benefit of British Columbians. Everi also supplies land-based and online slot content throughout British Columbia.
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VUZI | Hot Stocks08:31 EST Vuzix receives OEM purchase orders from defense firms - Vuzix is pleased to announce the receipt of multiple OEM purchase orders for engineering services and products from three previously undisclosed defense firms and one previously undisclosed commercial customer. These orders, which were all received during the second half of 2022 and partially or fully shipped against before year end, are expected to expand in size over time to the extent each of these programs progresses.
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BCOV MGNI | Hot Stocks08:30 EST Brightcove, Magnite team to boost advertising monetization for CTV, OLV - Brightcove (BCOV) announced it has entered into a strategic relationship with Magnite (MGNI). Magnite will power advertising for any Brightcove customer, growing fill and delivery to increase customer revenue. Brightcove will also integrate the SpringServe ad server to provide publishers with greater control, insight, and transparency into available ad supply. With thousands of customers globally, Brightcove has always supported standards-based integrations with ad servers and Supply-Side Platforms . After analyzing data from billions of ad-supported play requests on its leading Server Side Ad Insertion solution, Brightcove saw a significant opportunity to better help customers monetize their unsold ad opportunities. Available directly through Brightcove, Magnite's SSP capabilities will enable Brightcove to deliver revenue for these customers. Integrating with the SpringServe ad server will give those customers a transparent view of available ad inventory and a strategic opportunity to better monetize their video content. "The needs of our large, global customer base are constantly evolving, and we are committed to evolving our solutions for them, including supporting our customers' efforts to monetize their video content," said Marc DeBevoise, CEO of Brightcove. "This integration with Magnite and SpringServe is a key step to enabling us to provide our customers with best-in-class solutions to meet their needs, allowing them to increase their ad fill rate and generate better CPMs."
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DVN | Hot Stocks08:30 EST Devon Energy expects Q4 production to be reduced 2% due to winter weather - Devon Energy announced that it expects fourth-quarter production to be reduced by 2 percent, or 15,000 oil-equivalent barrels per day, due to the impact of severe winter weather across its operations. These curtailments are estimated to limit Devon's production to an average of 636,000 Boe per day in the fourth quarter, including 316,000 barrels per day of oil. The most significant production impact was associated with the company's Williston Basin operations. Severe weather conditions during December resulted in well shut-ins, facility downtime and delays in completion activity. Devon has successfully restored the affected production across all its operating areas and expects the weather-related downtime to be confined to the fourth quarter.
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BMRA | Hot Stocks08:28 EST Biomerica appoints Lacy to Scientific Advisory Board - Biomerica appointed prominent physician and key opinion leader Brian Lacy, M.D., Ph.D., a board-certified gastroenterologist at Mayo Clinic, to its Scientific Advisory Board which is advising the Company on the commercialization of products based on the Biomerica InFoods Technology platform, beginning with the InFoods IBS product.
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OBNNF | Hot Stocks08:27 EST Osisko Mining announces preliminary Q4 results - Osisko Gold Royalties provides an update on its fourth quarter 2022 deliveries, revenues, cash margin and recent asset advancements. All monetary amounts included in this report are expressed in Canadian dollars, unless otherwise noted. Preliminary Results: Osisko earned approximately 25,023 attributable gold equivalent ounces in the fourth quarter of 2022, for a total of approximately 89,367 GEOs in 2022, representing record quarterly and annual deliveries for the Corporation. Osisko recorded preliminary revenues from royalties and streams of $61.9 million during the fourth quarter and preliminary cost of sales of $4.7 million, resulting in a record quarterly cash margin2 of approximately $57.2 million. For the year 2022, preliminary revenues from royalties and streams reached a record $217.8 million and preliminary cost of sales are estimated at $16.1 million, resulting in a record annual cash margin of approximately $201.7 million. As at December 31st, 2022, Osisko's cash position amounted to approximately $90.5 million, after repaying, in full, the $300 million convertible debentures on December 31, 2022 and advancing US$50 million to SolGold plc pursuant to the previously announced royalty financing on the world-class Cascabel copper-gold property. The Corporation's revolving credit facility was drawn by approximately $150 million at the end of 2022, with an additional amount of $400 million available to be drawn, plus the uncommitted accordion of up to $200 million. Sandeep Singh, President and CEO of Osisko, commented: "2022 was an exceptionally positive year for Osisko. We had successive quarters of record GEOs earned, revenues and cash margins, we added world-class assets to an already high-quality portfolio, took advantage of volatile markets to buy-back 1.7 million common shares for $22.1 million, reactivated stream payments from the Renard mine, simplified the business with the deconsolidation of Osisko Development Corp. realigning Osisko as a pure-play royalty and streaming business and continued to strengthen and diversify our Board of Directors.
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SLDB | Hot Stocks08:25 EST Solid Biosciences outlines strategic priorities for 2023 - Solid Biosciences outlined its strategic priorities for 2023. Highlights from the presentation to be given at the J.P. Morgan Healthcare Conference include: Solid's corporate vision to build an innovation platform enabling the discovery and development of high-value genetic medicines for neuromuscular and cardiac diseases by integrating internal capabilities. Solid remains focused on developing next-generation AAV capsid libraries with two strategies designed to enhance cardiac and skeletal muscle tropism: AAV-SLB101 has demonstrated more than double the transduction and expression in skeletal and cardiac muscle and half reduction in expression in the liver compared with AAV9 in non-human primate studies; SGT-003 has been well tolerated across multiple animal models and experience to date supports robust and scalable manufacturability currently up to 1000L. Friedrich's Ataxia program focused on drug candidate selection and initiation of IND enabling studies: AVB-202 will be designed to express functional FXN protein; NHP studies conducted with AVB-202 manufactured using an HSV-based manufacturing method demonstrated that administration of AVB-202 led to FXN expression to significant levels in all tissues evaluated. In preclinical studies, AVB-202 resulted in safe levels of human FXN at or near physiologic levels in the NHP heart. BAG3-mediated Dilated Cardiomyopathy AVB-401 program overview: Clear mechanistic rationale between genetic BAG3 insufficiency and myofilament damage, poor contraction and heart failure; Treating BAG3-mediated DCM requires expression of functional BAG3 within heart muscle only; Solid's construct candidates utilize the AAVrh74 capsid and cardiac specific promoter; In early nonclinical studies, the specific capsid and cardiac-specific promoter combination increased cardiac expression while reducing expression in the liver; Solid is conducting additional studies to evaluate the potential of using AAV-SLB101 to develop a genetic medicine for BAG3-mediated DCM. Upcoming anticipated milestones: Report functional data from IGNITE DMD in early 2023; Submit SGT-003 IND in the second half of 2023; Initiate SGT-003 patient dosing in late 2023
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OR | Hot Stocks08:24 EST Osisko reports preliminary Q4 revenue for royalties, streams C$61.9M - Osisko earned approximately 25,023 attributable gold equivalent ounces in the fourth quarter of 2022, for a total of approximately 89,367 GEOs in 2022, representing record quarterly and annual deliveries for the Corporation. Osisko recorded preliminary revenues from royalties and streams of C$61.9 million during the fourth quarter and preliminary cost of sales of C$4.7 million, resulting in a record quarterly cash margin of approximately C$57.2 million. For the year 2022, preliminary revenues from royalties and streams reached a record C$217.8 million and preliminary cost of sales are estimated at C$16.1 million, resulting in a record annual cash margin of approximately C$201.7 million. As at December 31st, 2022, Osisko's cash position amounted to approximately C$90.5 million, after repaying, in full, the C$300 million convertible debentures on December 31, 2022 and advancing US$50 million to SolGold plc pursuant to the previously announced royalty financing on the world-class Cascabel copper-gold property. The Corporation's revolving credit facility was drawn by approximately C$150 million at the end of 2022, with an additional amount of C$400 million available to be drawn, plus the uncommitted accordion of up to C$200 million. Sandeep Singh, President and CEO of Osisko, commented: "2022 was an exceptionally positive year for Osisko. We had successive quarters of record GEOs earned, revenues and cash margins, we added world-class assets to an already high-quality portfolio, took advantage of volatile markets to buy-back 1.7 million common shares for $22.1 million, reactivated stream payments from the Renard mine, simplified the business with the deconsolidation of Osisko Development Corp. realigning Osisko as a pure-play royalty and streaming business and continued to strengthen and diversify our Board of Directors. Our GEOs earned, year-over-year, increased by 12% in 2022 but fell slightly short of the low end of our guidance of 90,000 ounces. This was partly due to the Eagle mine still working towards steady-state production and the Mantos mine facing delays in the ramp up of their mill expansion. That extra growth will flow into upcoming quarters and we expect significant upward momentum in deliveries from both mines going forward. The higher gold-silver price ratio, experienced mostly in the second and third quarters, also reduced GEOs earned by approximately 1,550 ounces in 2022 versus expectations. Our asset base continues to outperform through numerous expansions, mine life extensions and reserve and resource replacement, and we look forward to continuing to showcase the depth and quality of our asset base throughout 2023."
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STSS | Hot Stocks08:23 EST Sharps Technology to introduce specialized refillable syringe systems in 2023 - Sharps Technology announces the advancement of the Company's specialized prefillable syringe, PFS, system product line, which will be manufactured in collaboration with Nephron Pharmaceuticals at the Inject EZ facility in West Columbia, South Carolina. Sharps' specialized product pipeline and market strategy will include a broad range of sizes, silicon free systems that address contamination issues for the broader healthcare market, dual chamber systems that improve drug shelf life while reducing unnecessary packaging, and customized solutions for systems that serve the growing autoinjector segment. Sharps announced a manufacturing and research partnership with Nephron Pharmaceuticals in November 2022 that will support the manufacturing of the Company's new innovative prefillable syringe systems, which will begin in the third quarter of 2023 in South Carolina. Initial demand will be supported by manufacturing capacity of 20+ million units, with additional capacities that can be scaled by 2025 with an additional 100 million units annually. Products will be manufactured utilizing state-of-the-art Injection molding technologies with highly automated assembly lines. The products will be sterilized using an ecofriendly clean sterilization option easily adaptable for the pharmaceutical market. Robert Hayes, Sharps Chief Executive Officer, commented: "Following years of research and development, Sharps is now in a position to commercialize and support the future of specialty syringe drug filling technology. The opportunity to advance our product and manufacturing strategy to include high value prefillable syringe products will significantly accelerate our revenue growth for 2023 and beyond. The launch of these products could not come at a better time to support a market that is in demand for products produced in the USA that provide specialized solutions for customers that need optionality for their drug filling operations. We look forward to providing updates as we commence manufacturing in South Carolina and introduce our new products to the market."
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OTLY | Hot Stocks08:21 EST Oatly Group expands partnership with Reitan - Oatly Grou announced an expansion of its partnership with Reitan to make oat drink available in coffee machines in approximately 300 Pressbyrundefinedn and 90 7-Eleven convenience stores across Sweden owned and operated by Reitan. Today's announcement marks the first time Oatly will be made available in coffee machines on a large scale, with Reitan's stores serving approximately 10 million coffees each year. Reitan will be rolling out the machines stocked with Oatly Barista Edition throughout 2023, so customers will have the option to choose Oatly at the click of a button. The companies will be promoting the partnership through the stores' apps, in-store digital screens, and a social media push. "Through our partnership with Reitan and integrating Oatly into coffee machines for the first time at this scale, we're able to make plant-based alternatives a natural part of the everyday lives of millions of people across Sweden," said Jonas Persson Follin, General Manager for the Nordics at Oatly. "This is an important step for the plant-based movement and part of our mission to put Oatly everywhere to reduce people's reliance on dairy and encourage more sustainable consumption habits."
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STIM BWAY | Hot Stocks08:20 EST Neuronetics settles litigation against Brainsway - Neuronetics (STIM) announced that it has settled the litigation filed in the District of Delaware against BrainsWay (BWAY) and BrainsWay USA Inc. for unfair competition under the Lanham Act and state law. Under the terms of the settlement, BrainsWay agreed to stop the use of the efficacy data for the treatment of anxious depression with NeuroStar Advanced Therapy for Mental Health that was at issue in the Complaint filed by Neuronetics. The parties have agreed to keep the additional terms of the settlement agreement confidential.
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CISO | Hot Stocks08:20 EST CISO Global to acquire RAN Security - Cerberus Sentinel, who is changing its name to CISO Global, announced that it has signed a definitive agreement for the acquisition of RAN Security, a cybersecurity company with headquarters in Buenos Aires, Argentina, and offices in Chile, Peru, Bolivia, and Paraguay. Under the terms of the agreement, RAN Security will become a wholly owned subsidiary of Cerberus Sentinel. The transaction is expected to close later in the year, subject to the satisfaction of customary closing conditions, including applicable regulatory approvals. "RAN Security expands our growth strategy in Latin America and adds to our SOC/managed detection and response services," said David Jemmett, CEO and founder of Cerberus Sentinel. "Cybersecurity requires global capabilities to properly address the security demands of businesses and organizations. RAN Security is an excellent cultural fit with the Cerberus Sentinel family of companies." RAN Security will continue to be based in Argentina. It is part of a growing network of companies acquired by Cerberus Sentinel in Latin America, including Arkavia, CUATROi, and NLT, to meet the cybersecurity needs of organizations across the continent.
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BNGO | Hot Stocks08:18 EST Bionano Genomics announces 2023 Symposium - Bionano Genomics, announced its 2023 Symposium, which is the quintessential event for the optical genome mapping community to present its progress to the world. It will feature four consecutive days of OGM presentations delivered by 25 different customers worldwide across a wide range of genetic diseases, cancer and cell bioprocessing applications. The Symposium will take place virtually from January 23 to 26, 2023. During these four days, customers will showcase their latest research findings using OGM in constitutional, hematologic malignancies, and solid tumor applications. Each day will feature oral customer presentations, a live panel with Q&A and a wide range of scientific posters within the virtual exhibition hall. "At Bionano, we are working to transform the way the world sees the genome," said Erik Holmlin, PhD, president and chief executive officer of Bionano. "Symposium is our platform for the community of OGM users to describe its utility and how it can be integrated with other genome analysis tools to reveal more answers for genetic disease and cancer research applications. What impresses me most about the lineup for 2023 is the sheer breadth of topics, ranging from neural tube defects in prenatal testing to homologous recombination deficiency analysis in breast cancer and drug development with cell bioprocessing QC."
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ABSI | Hot Stocks08:17 EST Absci first to create, validate de novo antibodies with zero-shot generative AI - Absci announced the ability to create and validate de novo antibodies in silico with the use of zero-shot generative AI - a major milestone for the biotechnology industry. The ability to create de novo therapeutic antibodies in silico could potentially reduce the time it takes to get new drug leads into the clinic from as much as six years down to just 18-24 months while also increasing their probability of success in the clinic. Absci used zero-shot generative AI - a method that involves designing antibodies to bind to specific targets without using any training data of antibodies known to bind those specific targets. Absci's model produced antibody designs that were unlike those found in existing antibody databases, and the zero-shot designs worked in the lab right out of the computer - without the slow and costly step of further optimizing the in silico designs in the lab. "Despite the technological breakthroughs of the last decade, the process of drug discovery has remained relatively archaic. Our success in creating brand new antibodies on a computer unlocks the potential to create transformative therapies at a click of a button for patients," said Sean McClain, founder and CEO of Absci. "Generative AI used in conjunction with innovative synthetic biology can now be harnessed to have real-world impacts for patients." Absci further demonstrated its wet lab's ability to experimentally validate the superiority of de novo antibody candidates to bind to the target antigen - all without lead optimization of the in silico designs - in cycle times as little as six weeks. Absci validated antibodies for HER2 and multiple additional targets.
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SFE | Hot Stocks08:17 EST Safeguard Scientifics completes $3M share repurchase program - Safeguard Scientifics announced the completion of the $3 million share repurchase program announced in March 2022. As a result of this plan, the Company repurchased an aggregate of 736,577 shares for an average price of $4.09 per share. During the year ended December 31, 2022, the Company repurchased 711,481 shares for an average price of $4.13 per share utilizing $2.9 million of the authorization. The remainder of the shares were repurchased in January 2023. The Plan was operated in accordance with the requirements of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. These repurchases used existing funds and were made in open market or privately negotiated transactions. Additionally, the Company ended December 31, 2022 with $19.3 million of cash, cash equivalents, restricted cash and marketable securities. Safeguard's deployments for the year ended December 31, 2022 totaled $5.7 million, as compared to the full year 2022 deployments estimate of $5 million to $9 million previously disclosed.
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VZ | Hot Stocks08:15 EST Verizon makes Welcome Unlimited plan $25 per line until 2025 - The company said, "For a limited time, we made our Welcome Unlimited plan even more affordable - for just $25 per line per month for four lines when you bring four phones to Verizon. And, we added a three year price guarantee. And to celebrate three years of savings, we're giving away 20 pairs of tickets to the Super Bowl for three years in a row. To enter for your chance to win a pair, go to your local Verizon retail store now or enter online - but hurry, this sweepstakes ends February 15."
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CSTM | Hot Stocks08:15 EST Constellium signs multi-year agreement to supply Daher - Constellium announced that it has entered into a multi-year contract with Daher to supply a wide range of flat-rolled aluminium products, particularly for the TBM and Kodiak aircraft. With this new agreement, Constellium expands its customer portfolio for business and regional jets and becomes the strategic aluminium supplier for Daher. Under this new contract, Constellium and Daher will cooperate on joint supply chain initiatives and product development. Constellium will support TBM and Kodiak aircraft development as their production rate is increasing and will collaborate with Daher on the design of new solutions to further lightweight aircraft along with respective sustainability commitments.
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TWST CNTG | Hot Stocks08:14 EST Twist Centogene launch target enrichment panels for rare disease diagnosis - Twist Bioscience (TWST) and Centogene (CNTG), the essential life science partner for data-driven answers in rare and neurodegenerative diseases announced the launch of three next-generation sequencing NGS target enrichment panels to support rare disease and hereditary cancer research and support diagnostics. "There are over 7,000 rare diseases impacting over 350 million patients, many of whom are not diagnosed until the late stages of the disease. Our mission is to provide data-driven, life-changing answers as early as possible to ultimately accelerate the development of treatments," said Kim Stratton, Chief Executive Officer at CENTOGENE. "By partnering with Twist to develop these custom panels, we are enabling access to diagnostics and generating novel insights for the medical community, fueled by multidimensional data from the CENTOGENE Biodatabank." All three new Alliance Panels are highly curated using the CENTOGENE Biodatabank, with nearly 700,000 patients represented from over 120 highly diverse countries, over 70% of whom are of non-European descent. Identified sequences are then synthesized by Twist as biotinylated capture probes which are compatible with Twist's library preparation solution and target enrichment workflows. The panels offered through Twist will include:
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BWAY STIM | Hot Stocks08:14 EST Brainsway resolves Neuronetics litigation - BrainsWay (BWAY) reported that it has settled litigation filed by Neuronetics (STIM) in the District of Delaware. BrainsWay had filed a motion to dismiss the case, and, while that motion was pending, agreed to settle the case on mutually agreeable terms and without any admission of liability or wrongdoing, including the release of certain potential counterclaims, to avoid the time, expense and uncertainty of litigation. "We are pleased to have resolved this litigation so that we can focus our full attention on our technology and bringing our Deep TMS therapy to patients," said Christopher von Jako, P.h.D., President and CEO of BrainsWay. Except as set forth in this press release, and a corresponding announcement from Neuronetics, the parties have agreed to keep the terms of the settlement agreement confidential.
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AKRO IOVA | Hot Stocks08:14 EST Akero Therapeutics appoints Patrick Lamy as SVP, commercial strategyIovance Biotherapeutics - Akero Therapeutics (AKRO) announced the appointment of Patrick Lamy as Senior Vice President, Commercial Strategy. Most recently he served as VP, Commercial at Iovance Biotherapeutics (IOVA), where he was responsible for all pre-launch commercial activities for the first cell therapy for melanoma and cervical cancer.
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BCAB | Hot Stocks08:13 EST BioAtla provides clinical program updates, 2023 milestones - BioAtla announced its recent accomplishments for its clinical pipeline and provided upcoming 2023 milestones. Company updates and 2023 milestones will be presented in a fireside chat at 41st Annual J.P. Morgan Healthcare Conference, January 10, 2023. Clinical Program Updates: Phase 2 Trial of Mecbotamab Vedotin in Patients with: AXL-positive NSCLC: Part 1 of the trial ongoing in patients who have previously experienced failure of PD-1/L1, EGFR, or ALK inhibitor therapy; 29 patients enrolled to date; 20 efficacy-evaluable patients; In the non-squamous group, 10 of 18 had monotherapy and 8 of 18 had combination therapy with nivolumab; All CR / PRs observed were in the non-squamous group; 4 PRs were in the monotherapy group; 4 PRs were in the monotherapy PD-1 failure group; 1 CR in combination therapy; Following BA3011 in both monotherapy and in combination with nivolumab in advanced NSCLC patients, the safety profile continues to be differentiated, with no new safety signals observed/ AXL-positive Soft Tissue and Primary Bone Sarcomas: Following FDA feedback to the proposed Phase 2 part 2 of the potentially registrational sarcoma study, protocol for UPS study design, including primary endpoint and size of study, finalized and the study is being initiated; Part 1 of the Phase 2 study: Study is progressing with continued efficacy in UPS with 50.0% PFS at 12 weeks; Study ongoing in patients with liposarcoma, synovial sarcoma, and osteosarcoma with continued, encouraging PFS at 12 weeks; Liposarcoma - 66.7% PFS; Synovial sarcoma - 53.5% PFS; Osteosarcoma - 66.7% PFS; In refractory sarcomas, BA3011 in both monotherapy and in combination with nivolumab is generally well-tolerated with no new safety signals observed. Phase 1/2 Dose-Escalation Trial of CAB-CTLA-4 Across Multiple Solid Tumor Types responsive to CTLA-4: Trial ongoing with two of three cohorts completed without any DLTs or SAEs reported. Expected Timing for Key 2023 Milestones - 1H23: Phase 2 study of mecbotamab vedotin in patients with AXL-positive NSCLC; Initiating preparations for discussions with the FDA regarding the potentially registrational part 2 of the study in AXL-positive NSCLC patients; Submission of Phase 2 part 1 interim data for presentation at ASCO; First patient dosed in Phase 2 part 2 study in AXL-positive UPS patients; Interim data in the Phase 2 part 1 ROR-2 positive NSCLC study; CAB-EpCAM x CAB-CD3 TCE Phase 1 study initiation. 2H23: Phase 2 part 2 of the BA3011 study in NSCLC patients anticipated initiation; Interim data in the Phase 2 part 1 ROR-2 positive melanoma study; Interim data in the Phase 2 part 1 ROR-2 positive SCCHN study; Phase 1 data and Phase 2 initiation in CAB-CTLA-4 study.
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ELYS | Hot Stocks08:13 EST Elys Game Technology partners with U.S. Integrity - U.S. Integrity and Elys Game Technology announced a comprehensive partnership to provide event monitoring, market intelligence and fraud prevention, for all of Elys' U.S. facing operations as the Company expands its footprint throughout the United States.
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HSC | Hot Stocks08:12 EST Clean Earth's Lancaster, Texas facility earns RIOS, R2v3 certifications - Clean Earth announces its Lancaster, Texas, facility earned the RIOS and R2v3 certifications, marking the Company's fifth certified electronic recycling facility along with sites in Allentown, Pennsylvania, Modesto, California, West Melbourne, Florida, and Richmond, Virginia. The certifications are the result of extensive third-party audits ensuring that the facility and employees are capable of handling and managing e-waste.
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WLDS | Hot Stocks08:10 EST Wearable Devices announces ISV partnership with Fortune 500 company - Wearable Devices announced an Independent Software Vendor partnership with a Fortune 500 communications equipment company. The partnership will facilitate an embedded integration of the Mudra neural input technology into the partner's chipset. The Mudra technology will be able to provide all the partner's wearable manufacturing customers a Ready-to-Deploy platform for touchless input.
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SNX | Hot Stocks08:10 EST TD Synnex announces $1B share repurchase pact - The TD SYNNEX board of directors has approved a share repurchase program of up to $1B of its common stock over a period of up to three years, replacing the previous three-year program. Stock repurchases may be made at management's discretion from time to time through open market or privately negotiated transactions, including pursuant to one or more Rule 10b5-1 trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
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KTOS LDOS | Hot Stocks08:09 EST Kratos Defense receives Mayhem hypersonic missile program contract award - Kratos Defense & Security Solutions (KTOS) announced that its Defense & Rocket System Services, DRSS, Division, in collaboration with Kratos' Unmanned Systems Division, has received a contract from its prime teammate and partner Leidos to support the Expendable Hypersonic Multi-Mission ISR and Strike Program, known as Mayhem. This new contract award will support the Air Force Research Laboratory's, AFRL, development of an air-breathing hypersonic weapon system over its initial 51-month period of performance. The initial task order will conduct the System Requirements Review and Conceptual Design Review in a Digital Engineering environment. In partnership with Leidos (LDOS), Kratos will serve as a member of the System Design Agent team for the Mayhem program, which also includes Calspan and Draper. The SDA's goal is to design a system that allows rapid relevant technology insertions utilizing the expertise and capabilities from a variety of industry partners. The role of the SDA for this program will also include bringing the best of industry together to perform research and development necessary for production of air-breathing multi-mission hypersonic system prototypes. Eric DeMarco, President and CEO of Kratos, said "Kratos' mission is to be a disruptive transformation agent to the U.S. National Security industrial base and market, rapidly designing, developing, producing and fielding affordable systems and technology. The Mayhem Hypersonic Systems program award with our strategic partner Leidos is a recent representative example of our continued success."
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ANSS | Hot Stocks08:09 EST Ansys, RTI partner for development of mission-critical distributed systems - Real-Time Innovations announced its partnership with Ansys. This collaboration accelerates the development, testing and deployment of high-performance and high-reliability distributed systems by allowing them to be simulated without their underlying hardware, which may have limited availability or be cost prohibitive.
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SNX | Hot Stocks08:08 EST TD Synnex boosts dividend 17% to 35c per share - TD SYNNEX announced that its Board of Directors declared a quarterly cash dividend of 35c per common share, which represents a 17% increase as compared to the prior quarter. The dividend is payable on January 27, to stockholders of record as of the close of business on January 20.
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GP | Hot Stocks08:08 EST GreenPower Motor provides update on at-the-market equity offering - GreenPower provided a quarterly update with respect to the Company's at-the-market equity offering program implemented on September 16, 2022 pursuant to a Sales Agreement with Roth Capital Partners. For Q4, GreenPower issued a total of 458,404 common shares through the facilities of Nasdaq at an average share price of $2.40 per share for gross proceeds of $1,100,145. Pursuant to the Sales Agreement, a cash commission of $30,254 was paid to the Agent resulting in net proceeds of $1,069,891.
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EXEL AJINY | Hot Stocks08:08 EST Exelixis, Ajinomoto enter license agreement - Ajinomoto (AJINY) announced a license agreement with Exelixis (EXEL) to incorporate AJICAP, Ajinomoto Co.'s proprietary site-specific bioconjugation and linker technologies, in the development of certain of Exelixis' antibody-drug conjugate programs. As part of the license agreement, Exelixis will have the right to use the AJICAP technology to support its aim of advancing multiple ADCs with the potential for higher efficacy and lower toxicity than currently available options. Ajinomoto Co. is eligible to receive development, regulatory and commercial milestone payments as well as royalties on commercial sales.
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DATS | Hot Stocks08:08 EST DatChat board authorizes $2M stock repurchase plan - DatChat announced that its Board of Directors has authorized a Stock Repurchase Plan under which the Company may repurchase up to $2,000,000 of the Company's outstanding common stock, par value $0.0001 per share. Additionally, the Board has approved EF Hutton to be engaged as the broker to implement the Repurchase Plan.
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GP | Hot Stocks08:07 EST GreenPower Motor delivers a record 101 vehicles in Q3 - GreenPower Motor announced delivery of 101 vehicles for its Q3 ended December 31, 2022, a substantial increase over prior quarters. The majority of the deliveries were EV Star Cab and Chassis, as well as EV Star Cargoes, EV Stars and the first delivery of the Nano BEAST Type A school bus. During the third quarter GreenPower concluded Round 2 of the West Virginia School Bus Pilot Project.
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AMRK | Hot Stocks08:07 EST A-Mark Precious Metals purchases minority interest in Texas Precious Metals - A-Mark Precious Metals announced that it has acquired a 12% ownership interest in Texas Precious Metals for cash consideration of $5.04M. Since 2011, TPM has processed over $1.25B in client transactions and has shipped over 100,000 orders to all 50 states. In connection with the acquisition, A-Mark and TPM entered into a four-year extension of their existing exclusive supplier agreement, extending its expiration to January 2027, with automatic two-year renewals. "We are excited to expand our long-standing relationship with TPM with this investment," said A-Mark CEO Greg Roberts. "This transaction reflects our continued efforts to grow our Direct-to-Consumer platform through strategic acquisitions and investments. JM Bullion's CEO, Michael Wittmeyer, and I look forward to partnering with TPM's President and co-founder, Tarek Saab, to leverage our resources and expertise to expand our products and provide other value-added services to the precious metals markets."
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WKSP | Hot Stocks08:07 EST Worksport CEO says main goal in 2023 to complete NY factory - CEO Steven Rossi said, "As Worksport's CEO, let me begin by wishing everyone a Happy and Healthy 2023. There is much to accomplish in the year ahead. Looking back at 2022, we made significant overall progress but faced challenges that caused setbacks in getting our recently acquired U.S. factory in upstate New York ready for production. Finding the best suitable solar supply partners took more time than initially expected due mainly to Worksport's high standard of quality and rigorous testing. In addition, we experienced delays in procuring the factory's required machinery, which unfortunately caused the current holdup in our production readiness. I am proud to announce that those challenges have been successfully resolved, and we are moving toward our goal of producing our Hard Folding Tonneau Covers and SOLIS Tonneau Covers in our very own U.S. factory...Our main goal is straightforward and clear: complete our NY factory to start manufacturing as soon as possible to meet current demand. Finishing our factory will open the doors for meaningful revenue growth. For me personally, as Worksport's CEO, it has been frustrating talking to clients who want to order significant quantities of our products -- and even signing letters of intent -- while we are preparing the factory. Yet they can tell we have invested in R&D of 'made in the U.S.' compared with our 'made in China' product offering. That's a good sign, but we need to get these products off the line and into the hands of our partners and consumers. We plan to continue investing in and developing our Intellectual Property. At the end of January, our team has an inspection planned for a key piece of manufacturing equipment, and if everything is approved, it can be shipped to our plant with an arrival expected in March. After its installation, training can start. It will take a few weeks, but then we should be able to begin our automated production processes finally. This will be a great celebration for the team and investors because Worksport will be capable of switching from building out our New York factory to producing U.S.-made hard covers and SOLIS solar covers. This will shift the focus to our next target, sales and revenue growth, and then -- profitability and sustainable growth. And that is what matters to investors, for the company and future product innovations for our clients. Building a business always comes with obstacles, but I am happy to confirm that we are still on track to deliver on our promise: to bring truck bed manufacturing to the U.S. in our very own New York State factory. We have encountered many challenges and delays but are proud to say that we have overcome each and are on track to open our US factory this year. Our two main goals for 2023 are: 1. Finish building our West Seneca, NY factory as soon as possible; and 2. Aim for profits and sustainable growth."
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CURLF | Hot Stocks08:05 EST Curaleaf receives producer license in Connecticut - Curaleaf Holdings announced that it has received its hybrid producer license from Connecticut's Department of Consumer Protection to supply cannabis to the state's adult-use market, which launches on January 10. Beginning at 10:00 a.m. ET on Tuesday, January 10, consumers over the age of 21 can purchase Curaleaf products in dispensaries approved for adult use sales across the state.
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JSPR | Hot Stocks08:05 EST Jasper Therapeutics announces development prioritization of briquilimab - Jasper Therapeutics announced, as part of an overall portfolio prioritization, that the Company will focus on the development of its lead product candidate, briquilimab, in chronic diseases and stem cell transplant for rare diseases. This portfolio includes a new program on chronic urticaria, along with the Company's existing programs for lower-risk myelodysplastic syndrome, MDS, sickle cell disease, Fanconi anemia and severe combined immunodeficiency, SCID. Based on preclinical and clinical studies showing inhibition of c-Kit signaling, depletion of mast cells in skin and lung and extended pharmacokinetics of subcutaneous dosing, the Company has prioritized rapidly starting a clinical study in severe chronic urticaria. In the meantime, while the Company does not have any near-term plans to initiate a Phase 3 study in AML/MDS, the Company will continue to work with the U.S. Food and Drug Administration, the transplant community and potential partners to explore development pathways and ensure briquilimab remains ready for a pivotal Phase 3 study in AML/MDS stem cell transplant. "We are ecstatic about the growing body of clinical and scientific evidence that show briquilimab has an attractive tolerability profile in a number of potential indications and may provide clinically meaningful results for a wide range of patients, and are grateful to our team, clinical investigators, patients and external partners for helping us advance this drug into later stage trials so quickly in such a challenging environment over the past two years," said Ronald Martell, President and Chief Executive Officer of Jasper. "We believe focusing on the most well-characterized opportunities with the clearest and potentially fastest pathway to market is in the best interest of patients and our shareholders. As such, our near-term development program will consist of moving rapidly into a clinical trial in chronic severe urticaria and initiating our chronic lower-risk MDS study, while continuing recruitment in the SCID, Fanconi anemia and sickle cell disease transplant studies." The Company expects new supportive data to be presented at the upcoming 2023 Tandem Meetings: Transplantation & Cellular Therapy Meetings of ASTCT and CIBMTR that will further reinforce the broad opportunity for briquilimab.
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BEEM | Hot Stocks08:04 EST Beam Global receives $500K order from Dallas County - Beam Global announced that it received a $500k order for six EV ARC off-grid EV charging systems from Dallas County, Texas. The systems were purchased using the federal General Services Administration Multiple Award Schedule Contract Number 47QSWA21D0006, which simplifies the federal procurement process, ensures best negotiated pricing, and can be used by many state and local government agencies when the EV ARC systems are intended for EV charging and disaster recovery or preparedness purposes.
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ABBV | Hot Stocks08:03 EST AbbVie and Anima Biotech collaborate for mRNA modulators discovery - AbbVie and Anima Biotech announced a collaboration to discover and develop mRNA biology modulators for three targets across Oncology and Immunology. Anima will use its mRNA Lightning platform to discover novel mRNA biology modulators against the collaboration targets providing AbbVie exclusive rights to license and further develop and commercialize the programs. Anima will receive an upfront payment of $42M and may be eligible to receive up to $540M in option fees and research and development milestones in the aggregate across the three targets, with potential for further commercial milestones as well as tiered royalties on net sales. AbbVie has an option to expand the collaboration with up to three additional targets under the same terms as the initial collaboration, which may increase the potential value of the collaboration.
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SABS | Hot Stocks08:03 EST SAB Biotherapeutics concludes IND-enabling GLP toxicology study for SAB-142 - SAB Biotherapeutics announced the successful completion of an IND-enabling GLP-tox study for SAB-142, further progressing the therapeutic as a way to prevent and/or delay onset and progression of type 1 diabetes and potentially other T-cell mediated autoimmune diseases. The study assessed the toxicity and pharmacodynamic effects of SAB-142 against an FDA-approved T-cell depleting therapeutic at varying doses and found it to be well tolerated and showed a desired dose-dependent pharmacologic effect. SAB will submit the IND filing within approximately 12 months. SAB-142 is the first fully-human anti-thymocyte hpAB therapeutic currently being developed for delaying the progression and onset of type 1 diabetes, among other autoimmune indications. Commercially available products for T-cell mediated autoimmune diseases, such as fully-animal antibodies and other monoclonal lymphodepletion therapeutics, require re-dosing and often induce immune-mediated reactions such as serum sickness. As a fully-human polyclonal antibody therapeutic, SAB-142 may be administered multiple times without causing these immune-related adverse reactions, a desired factor when treating life-long diseases such as type 1 diabetes. In the study, SAB-142 was dosed at 1, 5, and 10 mg/kg and commercially available anti-thymocyte globulin was dosed at 5 mg/kg. The study results showed that both SAB-142 and its active control, FDA-approved animal-derived polyclonal anti-thymocyte immunoglobulin, induced transient lymphodepletion confirming the SAB-142 mechanism of action. The dynamics of the depletion appeared to be more prolonged in the cohort with SAB-142 treatment, which could create the opportunity for an optimized dosing regimen.
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QMCO ITRI | Hot Stocks08:02 EST Quantum names Kenneth Gianella as CFO, succeeding Mike Dodson - Quantum (QMCO) announced the appointment of Kenneth Gianella as its CFO, effective January 12. Ken succeeds Mike Dodson, who will remain with the company to assist in the transition in an advisory role until August 2023. Gianella has extensive finance and operational experience in technology companies as a CFO, IRO, Treasurer, or as the Senior Vice President of Finance. Most recently he had been with Itron (ITRI), leading Investor Relations.
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BKYI | Hot Stocks07:59 EST National Louis University selects BIO-key's PortalGuard IDaaS platform - BIO-key International announced that the National Louis University has selected its PortalGuard IDaaS platform. BIO-key's solution will improve access security to applications, enhance the user experience, and achieve cybersecurity insurance compliance for National Louis, including its primary Chicago and Tampa campuses, with remote access nationwide.
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VCEL | Hot Stocks07:58 EST Vericel expects MACI arthroscopic commercial launch in 2024 - Recent Business Highlights and Updates: Following a Type C meeting with the FDA, the Company is planning to initiate a human factors validation study to support expanding the MACI label to include arthroscopic administration of MACI for the treatment of cartilage defects of the knee and now anticipates an accelerated potential commercial launch of arthroscopic MACI in 2024; Announced FDA approval of NexoBrid on December 28, 2022 for the removal of eschar in adults with deep partial-thickness and/or full-thickness thermal burns, with U.S. commercial availability expected in the second quarter of 2023; Expect to hold a pre-IND meeting with the FDA in the first half of 2023 to discuss the MACI development program for the treatment of cartilage defects in the ankle. "We made tremendous progress advancing our pipeline and expanding our business in 2022, highlighted by an accelerated regulatory pathway for the MACI arthroscopic delivery program and the recent approval of NexoBrid," said Nick Colangelo, President and CEO of Vericel. "We also had very strong MACI performance to close the year and we look forward to building on this momentum in 2023 across both of our franchises, as we expect accelerating total revenue growth this year and further acceleration in 2024 driven by a full year of NexoBrid on the market and the planned launch of arthroscopic MACI."
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NGD | Hot Stocks07:58 EST New Gold sees 2022 gold eq. production 325K-365K oz. - Sees 2022 gold production 260K-290K oz. and copper production 25-35 Mlbs.
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NGD | Hot Stocks07:57 EST New Gold reports Q4 gold eq. production of 97,824 oz. - New Gold reported Q4 and 2022 operational results. Gold eq. production was 97,824 ounces in Q4 and 347,054 oz. for 2022. Gold production was 80,694 oz. in Q4 and 271,373 in 2022. Copper production was 6.9 Mlbs. and 31.1 Mlbs. for Q4 and 2022, respectively. "New Gold was faced with several challenges in 2022, but our teams remained resilient executing on our plans, and as a result, our operations met all updated production guidance targets", stated Patrick Godin, CEO. "In Q4, Rainy River delivered the strongest quarter of the year, driven by a 25% increase in quarter-over-quarter grades as higher grade underground ore was introduced to the mill, which was partially offset by lower throughput. At New Afton, the team achieved revised guidance for both copper and gold, and successfully ramped up B3 production to the targeted rate of 8,000 tonnes per day, ahead of plan. New Gold and its operations exit 2022 on a strong note, well positioned for the new year."
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MITQ | Hot Stocks07:56 EST Moving iMage named global cinema distributor by LEA Professional - Moving iMage Technologies and LEA Professional , a global manufacturer of industry-first, pro-audio amplifiers with cloud- and IoT-based technologies, today announced a partnership to distribute LEA's line of "smart" power amplifiers to the global cinema market. "This partnership brings together two leading, entrepreneurial companies to provide LEA's best-in-class audio technology to the cinema market," said Joe Delgado, executive vice president, sales and marketing. "LEA's line of IoT/Cloud-enabled Professional-grade 'smart' amplifiers and associated technologies are known for reliability, quality and product availability. Combined with MiT's experience in cinema, this partnership presents a significant opportunity for both companies to expand their market opportunity. In addition, this relationship is especially timely given that the global cinema market is in a technology refresh cycle."
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RVNC | Hot Stocks07:49 EST Revance sees Q4 DAXXIFY revenue of $10.5M-$11.5M - Revance expects preliminary unaudited DAXXIFY revenue from PrevU, its early experience program, to be between $10.5M and $11.5M in Q4 - the first quarter of limited commercial availability.
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DPMLF | Hot Stocks07:48 EST Dundee Precious Metals reports Q4 production of 73.4K oz gold, 7.4M lbs. copper - "Our mining operations achieved impressive production results in the fourth quarter, as Ada Tepe delivered its highest quarterly gold production of the year and Chelopech continued its track record of strong performance," said David Rae, President and Chief Executive Officer of Dundee Precious Metals. "2022 was another strong year for DPM, as we delivered robust gold production, advanced our organic growth projects, and ranked in the 91st percentile among mining and metals companies in the 2022 S&P Global Corporate Sustainability Assessment."
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RVNC | Hot Stocks07:45 EST Revance sees Q4 collection revenue at $34M-$35M - Yesterday morning, Revance announced that it "expects preliminary unaudited fourth quarter Collection revenue to be between $34.0 million and $35.0 million, representing an approximately 45% increase from the same period last year, and full year 2022 preliminary unaudited RHA Collection revenue of between $106.5 million and $107.5 million, representing an approximately 50% increase from full year 2021." CEO Mark Foley stated: "We are very pleased to end 2022 on a strong note, highlighted by continued growth and adoption of the RHA(R) Collection along with an excellent start to our early experience program for DAXXIFY. In particular, we are very encouraged to see the early traction of our DAXXIFY(R) PrevU program, which was initiated in Q4 and further benefited from the impact of traditional seasonality. We have been very pleased with the initial response to, and the positive feedback on, the product's performance and ease of practice integration. While we are still in the beginning phase of the PrevU program, our progress thus far gives us confidence in our commercial strategy and in DAXXIFY's full-scale commercial launch, which is expected to begin in late Q1/early Q2 of 2023. Looking ahead, our strategic priorities in the new year will center on delivering a successful commercial launch for DAXXIFY(R), continuing the growth of our aesthetics portfolio, and unlocking our therapeutics opportunity by obtaining the FDA's approval of DAXXIFY(R) for cervical dystonia."
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SIDU | Hot Stocks07:44 EST Sidus Space selected by Craig Technologies for Navy manufacturing project - Sidus Space announced its selection by Craig Technologies for the manufacturing of 13 Propulsion Plant Team Trainer Maneuvering Area Panels for Bechtel Plant Machinery, or BPMI. Sidus will manufacture, assemble, test, and deliver the Manuevering Panel trainers for Craig Technologies who is leading the design of the Maneuvering Panels for BPMI and with a total project value of over $2M.
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NEXCF | Hot Stocks07:39 EST Nextech AR Solutions announces patent update on AI-based 3D model creation - Nextech AR Solutions announces a patent update covering the Company's breakthrough artificial intelligence technology 3D model creation. Also, the Company is pleased to report that this proprietary AI-based 3D model creation using through composition of deformable parts is now covered under: US patent application # 17/874,992. ARitize 3D is the Company's One-Stop-Shop in 3D + AR solution for eCommerce. In November 2022, Nextech AR announced it had filed a patent titled, "GENERATING THREE-DIMENSIONAL MODELS BY PART." At the time, the Company began to implement this breakthrough part-based 3D model creation technology. Now the Company is scaling its 3D models by rapidly expanding its library of 3D model parts past 100,000 by using through composition of deformable parts.
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BBBY | Hot Stocks07:38 EST Bed Bath & Beyond reports Q3 SSS down 32% - By channel, comparable sales declined 31% in stores and 33% in digital versus the fiscal 2021 third quarter. By banner, comparable sales decreased 34% at Bed Bath & Beyond and declined in the low-twenties at BABY compared to the prior year period.
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JUSHF | Hot Stocks07:37 EST Jushi Holdings opens first retail location in Ohio - Jushi Holdings announced the opening of its 36th retail location nationwide, its first Ohio medical cannabis dispensary as well as its fifth vertically integrated state-level operation. Beyond Hello Cincinnati will begin serving medical cannabis patients and registered agents on Thursday, January 12th at 9:00 a.m. "Beyond Hello Cincinnati marks the opening of our first retail location in Ohio and Jushi's fifth vertically integrated state, with the Buckeye State now joining Pennsylvania1, Virginia, Massachusetts and Nevada," said Jushi Chief Executive Officer, Chairman and Founder Jim Cacioppo. "Our store in Cincy brings the full Jushi omnichannel retail experience to Ohio, delivering a safe, accessible, and efficient experience to patients that allows them to shop both in-store and online. We look forward to increasing the accessibility of medical cannabis in this growing medical market and further expanding our footprint in key areas across the Buckeye State."
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BBBY | Hot Stocks07:37 EST Bed Bath & Beyond reports liquidity of approximately $0.5B - Reports: Cash Flow from Operations of approximately ($307.6M), Liquidity of approximately $0.5B, including the company's ABL facility and FILO loan less borrowings of $550M.
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INM | Hot Stocks07:36 EST InMed Pharmaceuticals announces milestones for 2023 - InMed Pharmaceuticals outlines key accomplishments from 2022 and provides business update and catalysts for 2023. Business update and upcoming milestones: INM-755 - Phase 2 clinical trial in the treatment of Epidermolysis Bullosa. To date, the Phase 2 clinical trial has enrolled 16 patients of its targeted 20 patients. Several additional prospective patients have been identified for screening at the clinical sites; therefore, the Company decided to extend the enrollment period to the end of March 2023. INM-088 - Advancing towards human trials: The Company continues to conduct the required preclinical work, including toxicology studies, and has planned several GLP studies in 2023 in advance of human clinical trials. On track to begin this clinical trial in 2024. INM-900 - Developing a new approach in neurodegenerative disease: InMed's ipeline was expanded this year with the addition of our neurodegenerative disease program. With recent promising preclinical data, InMed plans to expedite its INM-900 program for the potential treatment of neurodegenerative diseases such as Alzheimer's Disease, Parkinson's Disease, and Huntington's Disease. Novel cannabinoid analogs - protecting the R&D investment: InMed continues to develop a valuable library of novel, proprietary cannabinoid analogs. These analogs are being selectively screened and developed for targeting specific disease outcomes, safety profiles, and/or pharmacological properties such as improved delivery. In addition, these novel cannabinoid analogs are patentable, increasing their commercial attractiveness for internal development or as licensing candidates to other drug development companies.
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PMGM AEON | Hot Stocks07:36 EST Priveterra Acquisition, AEON Biopharma announce additional capital commitment - AEON Biopharma and Priveterra Acquisition announced that at least $20 million in additional funding has been committed by existing AEON investors. The commitments have been delivered in connection with the proposed business combination between AEON and Priveterra announced on December 13, 2022, and represent nearly half of the minimum cash requirement for the proposed transaction. The terms of the commitments provide for the issued security to be exchanged or converted into Class A common stock of the combined company upon completion of the proposed transaction, which is subject to the satisfaction or waiver of customary closing conditions and is expected to fund concurrent with or immediately prior to the closing of the proposed business combination.
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BBBY | Hot Stocks07:36 EST Bed Bath & Beyond says Q3 net loss included $100.7M non-cash impairment charges - Net Loss for the quarter included $100.7M of non-cash impairment charges related to certain store-level assets.
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NYAX | Hot Stocks07:35 EST Nayax announces Nayax Capital - Nayax announced the launch of Nayax Capital, its embedded financing solution for operators looking to purchase a VPOS Touch card reader or Nova Market self-service kiosk to scale their unattended retail operations. Nayax customers can now check out on Nayax's e-commerce shop and receive VPOS Touch or Nova Market solutions using one of Nayax Capital's financing plans, customized for each buyer. Customers will fully own their devices from the start, and will pay for them with 0% APR, no payment schedule, no late penalty, as well as no hidden or additional fees. Nayax customers will make repayments for the devices either via a monthly payment or via a percentage of their sales which will be deducted every billing cycle until the device is fully paid. Nayax Capital is a joint venture between Nayax and Bank Hapoalim, a leading bank in Israel and Alon Feit, formerly the founder of Splitit
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NFYEF | Hot Stocks07:34 EST NFI receives award for 46 zero-emission buses from Wisconsin's Metro Transit - New Flyer of America, a subsidiary of NFI Group, announced that the City of Madison ordered 46 battery-electric Xcelsior CHARGE NG 60-foot heavy-duty transit buses. The purchase was supported by Federal Transit Administration funds. The high-capacity, zero-emission articulated buses will be configured with five doors to operate on Metro Transit's new East-West Bus Rapid Transit system, which is expected to begin its service in 2024. In addition, the new battery-electric buses for Metro Transit will be equipped with high-power batteries, providing 410 kWh of power to deliver more energy-efficient and longer-range zero-emission buses. "With more than 16,000 Xcelsior buses on North America's roads, NFI is a proven mass mobility leader that provides reliable and safe mobility solutions," said Chris Stoddart, President, North American Bus and Coach, NFI. "These 60-foot Charge NG buses will immediately reduce greenhouse gas emissions, delivering cleaner, more sustainable mobility all while providing faster, high-capacity transportation to the City of Madison community."
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IWINF | Hot Stocks07:34 EST Irwin Naturals, Braxia Scientific partner for in-human clinical studies - Irwin Naturals announce it has signed a Letter of Intent entering into a partnership with Braxia Scientific to launch Clinical Research Services across Irwin's U.S. based network of clinics, Emergence.The partnership will bring together Braxia's track record of leadership in mental health treatments and current comprehensive clinical research capabilities to 12 Emergence clinics in 5 US states. Under the terms of the LOI, Irwin will invest up to $2M over the next 12 months to launch initial clinical research services beginning with at least 5 clinics in Florida. Irwin and Braxia's partnership will create a mental health focused clinical research platform designed to streamline and accelerate the process of in-human clinical development of new therapies, including seamless patient recruitment through to FDA application. The partnership will support multiple large and small pharmaceutical sponsors, innovative biotechnology companies, medical device companies, government and non-governmental institutions who seek to carry out the development of new therapies in the area of mental health in the US. The partnership is subject to execution of a final definitive legal agreement covering the above and other material terms of the relationship between Braxia and Irwin.
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BBBY | Hot Stocks07:33 EST Bed Bath & Beyond reports Q3 adjusted gross margin 22.8% - Reports Q3: GAAP Gross Margin of 22.1%; Adjusted Gross Margin of 22.8% reflecting the continuation of incremental clearance activity related to discontinued Owned Brands merchandise and increased promotional activity.
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PTN | Hot Stocks07:33 EST Palatin's PL8177 shows therapeutic effect in arthritis pre-clinical study - Palatin announced Frontiers in Immunology published a manuscript summarizing data demonstrating PL8177 provides therapeutic effects in inflammatory conditions, including arthritis. Palatin, in collaboration with The William Harvey Research Institute, Queen Mary University of London, in London, UK, conducted the study to assess the immunopharmacology of a PL8177 in vitro and in a mouse model of inflammatory arthritis. Key findings included PL8177 activation of mouse and human MC1 receptors and that PL8177 displayed pro-resolving activity and counteracted the inflammatory profile of zymosan-stimulated macrophages, reducing the release of IL-1beta, IL-6, TNF-alpha and CCL-2. In the context of joint inflammation, PL8177 reduced the clinical score, paw swelling and incidence of severe disease as well as the recruitment of immune cells into the arthritic joint. Melanocortins have anti-inflammatory and pro-resolving effects. Palatin has multiple MC1r agonist candidates in pre-clinical and clinical development. Palatin is conducting a Phase 2 multi-center, randomized, double-blind, placebo-controlled, adaptive design, clinical study of PL8177, with once daily oral dosing in adult UC subjects. The PL8177-205 interim assessment is expected to occur in 1Q23, with final topline data anticipated in 2Q23.
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BBBY | Hot Stocks07:33 EST Bed Bath & Beyond CEO says implementing turnaround plan 'expeditiously' - Sue Gove, President & CEO of Bed Bath & Beyond said, "At the beginning of the third quarter, we initiated a turnaround plan anchored on serving our loyal customers, following a period when our merchandise and strategy had veered away from their preferences. Although we moved quickly and effectively to change the assortment and other merchandising and marketing strategies, inventory was constrained and we did not achieve our goals. We will continue to rebalance our assortment towards National Brands and refine our Owned Brands mix to reflect the deep understanding of our customer, along with the selection and value only we can offer in the Home and Baby markets. We are actively pursuing higher in-stock levels to meet proven demand." Gove continued, "We are implementing our plan expeditiously while managing our financial position in a changing landscape. We are delivering on our aggressive second half commitment of $250 million in SG&A optimization, or $500 million in annualized savings. We are also on track to achieve the 150 store closures that we previously outlined, which will further enable us to allocate resources according to customer demand. Our organization is more streamlined and we have adopted a more focused infrastructure that reflects our current business. For decades, Bed Bath & Beyond has set the pace across the sector and we have commanded our position in retail through many different economic cycles and alongside a continuously evolving customer. We believe our concrete advantages in defining categories, offering broad and curated selections, and delivering for customers are compelling reasons why we will continue to command a formidable presence in the Home and Baby categories into the future. As we shared last week, we continue to work with advisors as we consider all strategic alternatives to accomplish our near- and long-term goals. We have a team, internally and externally, with proven experience helping companies successfully navigate complex situations and become stronger. Multiple paths are being explored and we are determining our next steps thoroughly, and in a timely manner. We are committed to updating all stakeholders on our plans as they develop and finalize - particularly our employees and partners, who are the essential catalysts of our business and the cornerstones of our future." Gove concluded, "We want our customers to know that we hear them and are charging ahead every day to meet their needs. Our entire organization is laser-focused on maximizing the value of our company by reconnecting with our customers and positioning Bed Bath & Beyond, buybuy BABY, and Harmon for long-term success."
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PYR | Hot Stocks07:32 EST PyroGenesis signs $6M contract with advanced materials firm - PyroGenesis Canada announces that, further to the press release dated September 13, 2022, the Company has received the final signed contract to provide the Company's SPARC refrigerant waste destruction system to an advanced materials company. The system is the first of two systems that the Client has indicated they may require. This first system is contracted at approximately $6MM, not including ongoing after-sales support of an indeterminate amount. This contract includes a first payment of approx. $2.2MM. The first payment has been received. PyroGenesis has been contracted to design and build the SPARC refrigerant waste destruction system. PyroGenesis will also supervise and support contractors in the system installation within a new facility being built by the Client. The project has an approximate production-to-delivery timeline of 18 months. "PyroGenesis continues to be recognized for its fossil-free waste destruction systems, in jurisdictions where tightened hazardous waste disposal regulations combined with cost-offsetting carbon credits are resulting in a need for a safer destruction of various hydrocarbons, including refrigerant chlorofluorocarbons," said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. "This contract is for a land-based SPARCTM system which comes on the heels of the recent announcement of the first deployment for the USS Gerald R. Ford aircraft carrier - the world's most technologically advanced ship - which set sail with PyroGenesis' ship-board PAWDS waste destruction system installed. The PAWDS system is, interestingly, the technology platform used for SPAR."
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QSAM | Hot Stocks07:23 EST QSAM Biosciences focused on completing Phase 1 study in 2023 - QSAM Biosciences provides an update to shareholders regarding progress made in 2022 and milestone goals for 2023. The company said, "As many of you are aware, we are developing our lead therapeutic radiopharmaceutical drug candidate, CycloSam, to treat cancer that has either originated in the bone or has metastasized to the bone from the breast, prostate, lung, or other organs. These are areas of high unmet medical need that affect over 400,000 new patients a year in the US, and all too often results in death. Therapeutic radiopharmaceuticals are a relatively new sector in the fight against cancer that is experiencing significant growth in application among medical professionals and interest from global pharmaceutical companies. CycloSam is an asset that, in our opinion, is less risky from a clinical, manufacturing and regulatory standpoint than many other new drug development efforts. In addition to strong small and large animal data, we have initiated the clinical development for CycloSam with the benefit of human data showing efficacy in the treatment of bone tumors using a prior version of our radioisotope, Samarium-1531. We also have compelling data indicating safety in a single patient study we performed at the Cleveland Clinic in 2021.We believe that what we have accomplished to date demonstrates the experience of our management team in successfully and efficiently navigating drug candidates through the FDA process....Building upon these accomplishments, our goals for 2023 are clear and focused, primarily: Complete our Phase 1 study, consisting of up to 17 patients, and commence our Phase 2 study which will include providing patients with multiple doses of CycloSam over a four to six month regimen. We have preliminary data from prior investigators that demonstrates the efficacy in treating bone cancer when Samarium-153 is used on a repeated basis to bombard tumors, and we seek to replicate relevant portions of that study starting in late 2023 with our newer version of this targeted cancer-therapy radioisotope. Secure capital through an underwritten offering and concurrent NASDAQ uplisting to fund our clinical trials through Phase 2a, which we estimate to be approximately $12 - $15 million. Such a transaction, which we attempted but suspended in early 2022 due to market conditions, could provide our QSAM shareholders with added liquidity, and with what we believe to be a more appropriate valuation given the strength of our asset and progress achieved in our clinical studies. In reaching these goals, shareholders should expect to see progress through several nearer-term milestones, such as: securing additional trial sites and starting enrollment of patients at those sites; completing patient cohorts in our Phase 1 trial which will lead to escalating doses in subsequent cohorts; establishing a more robust supply chain through the qualification of additional nuclear reactors and other key vendors; and other important achievements."
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DISH ZD | Hot Stocks07:23 EST Dish's Wireless Chief Commercial Officer Stephen Bye joins Board of Directors - Dish has named Stephen Bye to its Board of Directors, effective January 18. Since 2019, he has served as the Dish Wireless Chief Commercial Officer supporting the development and commercialization of the company's standalone 5G network. He will step down from his role as Chief Commercial Officer at Dish Wireless on January 17 and assume the role of President of the Connectivity division at Ziff Davis (ZD).
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AA | Hot Stocks07:22 EST Alcoa restructures executive team with Oplinger to COO, Beerman to CFO jobs - Alcoa announced a restructuring of its Executive Leadership Team to further improve the Company's rigorous focus on operational excellence, cost, and innovation. The changes, effective February 1, will include the reassignment of responsibilities for two existing members of the Executive Leadership Team and the appointment of a new Chief Financial Officer. William Oplinger, currently Executive Vice President and Chief Financial Officer, will become EVP and Chief Operations Officer. Molly Beerman, currently Senior Vice President and Controller, has been appointed EVP and Chief Financial Officer. She will also be the executive member to oversee Alcoa's Information Technology and Automation Solutions team. Renato Bacchi, currently EVP and Chief Strategy Officer, will take on added responsibilities to become EVP, Chief Strategy & Innovation Officer, including overseeing Alcoa's breakthrough research and development technologies. "This restructuring will ensure continued improvement and focus on Alcoa's strategies to operate as a low-cost, margin-focused, sustainable producer," said Alcoa President and CEO Roy Harvey. "The plan is fully aligned with our Company's purpose and vision to reinvent the aluminum industry, and it will integrate the corporate strategy team with our innovative and breakthrough technologies." As part of the restructuring, John D. Slaven, current EVP and Chief Operations Officer, and Benjamin D. Kahrs, EVP and Chief Innovation Officer, will be leaving the Company. "John and Ben are tremendous professionals and exceptional leaders who have contributed significantly to Alcoa's success," Harvey said. "I thank them for their strong leadership and commitment to excellence, and we will continue to build on their achievements."
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AMRN | Hot Stocks07:19 EST Amarin expects cash to support continued operations - Amarin reiterates its belief that current cash and investments and other assets are adequate to support continued operations, including European launch activities.
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AMRN | Hot Stocks07:19 EST Amarin announces 2022 achievements, 2023 priorities - The company said, "Europe: In 2022, Amarin secured positive pricing and reimbursement decisions in five European markets: England & Wales, Sweden, Austria, Denmark and Finland. Reimbursement negotiations continue to progress in all remaining markets including Spain, Italy, France, Norway and the Netherlands. In 2023, we will focus on opportunities to accelerate revenues in Europe in key launched markets including England & Wales, Northern Ireland, Finland and Sweden and further price negotiations in all markets. United States: The Amarin team achieved four consecutive quarters of revenue stabilization in the U.S. business despite additional generic competition. In 2023, we will maintain our focus on profitability while evaluating and adapting to market conditions. International: Secured six International regulatory approvals, including Hong Kong, Bahrain, Puerto Rico, Saudi Arabia, Australia and Switzerland. In 2023, we will continue to progress international regulatory filings and support approval processes in up to 9 countries, including China and New Zealand. Data Evidence & Pipeline Advancement: Amarin made progress with our fixed-dose combination program for icosapent ethyl, including initiating the process to seek scientific advice from the European Medicines Agency and we look forward to sharing additional updates in 2023."
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BNTX | Hot Stocks07:18 EST BioNTech enters agreement to acquire InstaDeep for GBP 362M in cash - BioNTech and InstaDeep announced that they have entered into an agreement under which BioNTech will acquire InstaDeep. The transaction includes a total upfront consideration of approximately GBP 362M in cash and BioNTech shares to acquire 100% of the remaining InstaDeep shares, excluding the shares already owned by BioNTech. In addition, InstaDeep shareholders will be eligible to receive additional performance-based future milestone payments up to approximately GBP 200M. The transaction follows BioNTech's initial equity investment as part of InstaDeep's Series B financing round in January 2022. The acquisition supports BioNTech's strategy to build world-leading capabilities in AI-driven drug discovery and development of next-generation immunotherapies and vaccines to address diseases with high unmet medical need. The transaction will combine two organizations with a common culture and is expected to add approximately 240 highly skilled professionals to BioNTech's workforce, including teams in AI, ML, bioengineering, data science, and software development. Through the acquisition, BioNTech will grow its network of global research collaborators in the field and expand its footprint in key talent hubs across the United States, Europe, Africa and the Middle East. "Since the inception of BioNTech, we have focused on leveraging computational solutions to create personalized immunotherapies that can reach a wide patient population," said Prof. Ugur Sahin, M.D., CEO and Co-founder of BioNTech. "The acquisition of InstaDeep allows us to incorporate the rapidly evolving AI capabilities of the digital world into our technologies, research, drug discovery, manufacturing, and deployment processes. Our aim is to make BioNTech a technology company where AI is seamlessly integrated into all aspects of our work." The transaction is expected to close in the first half of 2023, subject to customary closing conditions and regulatory approvals. Upon closing, InstaDeep will operate as a UK-based global subsidiary of BioNTech.
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LASE | Hot Stocks07:15 EST Laser Photonics announces commercial availability of MARLIN line - Laser Photonics announces the MARLIN line of products is now available to customers. The CleanTech Handheld MARLIN CTH-100M Laser is an air-cooled pulse laser system, perfect for small craft marine vessel application. Its portable design lends itself to laser cleaning and surface treatment for small areas requiring delicate cleaning, de-painting, and other surface preparation operations. Most small craft marine vessels need corrosion control from saltwater and sea spray in areas like frame weldments and joints that deteriorate over time. The Marlin product line will offer a 100W laser blaster capable of addressing most corrosion conditions for this application.
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VEEV | Hot Stocks07:14 EST Veeva issues statement in support of proposed FTC ban on non-competes - Veeva Systems announced its support for the proposed Federal Trade Commission - FTC - rule to ban employee non-competes. Veeva stated, "For more than a decade, Veeva has worked against the use of non-compete agreements and fought to have them banned nationally. The company has never asked Veeva employees to sign non-compete agreements as a condition of employment and doesn't let an existing non-compete agreement stop it from hiring a qualified candidate. Veeva provides legal defense to employees sued by former employers trying to enforce this abusive and outdated practice. The company strongly supports intellectual property rights, which are protected through confidentiality agreements and trade secret laws. Non-competes are not necessary for IP protection and only serve to limit employee mobility". CEO Peter Gassner stated on the proposed FTC rule to ban non-competes: "The swift action to ban non-competes is an important step in advancing employee freedom, innovation, and the economy. People have a fundamental right to make their own career choices. These decisions impact their livelihoods and professional growth and should not be dictated by lawyers and corporations. This is about trusting employees. No one is motivated to do their best work under a cloud of threats or when locked into a job. The mobility of talent has created the most innovative companies in the world. Banning non-competes is good for business, innovation, and economic growth."
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ACRHF | Hot Stocks07:14 EST Acreage Holdings commences adult-use retail operations in Connecticut - Acreage launched adult-use cannabis operations in Connecticut at The Botanist dispensary in Montville, located at 887 Norwich-New London Turnpike. "The Botanist team is thrilled to expand our Connecticut operations to adult-use consumers, beginning with the Montville location," said Peter Caldini, CEO of Acreage. "We expect Connecticut will be a booming adult-use market, and The Botanist is prepared to meet heightened demand with increased inventory, dedicated medical patient services, and more. As always, our company has been committed to providing exceptional patient care since its inception, and we will continue to prioritize medical patients while welcoming and providing the same level of care and expertise to the wider adult-use audience."
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AMRN RYTM | Hot Stocks07:13 EST Amarin appoints Stewart to board of directors - Amarin (AMRN) announced that Murray Stewart, D.M., F.R.C.P., has been appointed to the Company's Board of Directors. Following the appointment of Dr. Stewart, the Amarin Board will be made up of approximately 70 percent of new independent directors who were named to the Board over the last 12 months. Dr. Stewart is a physician by training and brings more than 30 years of cardiometabolic academic and industry experience to the Amarin Board of Directors. Recently, Dr. Stewart was Chief Medical Officer at Rhythm Pharmaceuticals (RYTM).
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PAX | Hot Stocks07:13 EST Patria: Infrastructure Fund III reaches performance fee realization threshold - Patria Investments confirmed today that Patria Infrastructure Fund III, through divestment activity in 6 portfolio companies and additional portfolio cash flows, has reached its return of capital and performance hurdle necessary to monetize performance fees. In December 2022, Patria announced definitive agreements for the divestment of ODATA, a Brazilian data center service provider, and partial divestment of Entrevias, a toll road operator in the state of Sao Paulo, which follows the sale of 4 additional portfolio companies in prior periods. The progress of this portfolio to date reflects Patria's commitment to investing across relevant Latin American infrastructure sectors to address structural bottlenecks and generate positive impact to the economy and population. It also illustrates the power of Patria's strategic approach to infrastructure investment in the region, demonstrating the ability to develop, de-risk and sell high-quality assets to global strategic players, and generate attractive returns for investors. Combined with the addition of incremental portfolio cash flows in December, cumulative proceeds to the Fund's investors are expected to reach approximately $2.1 billion, surpassing the Fund's performance fee realization hurdle. Distributions from recent activity are expected to generate at least $15 million in net realized performance fees to be recognized in the fourth quarter of 2022. Patria's Infrastructure Fund III is a $1.7 billion 2013 vintage fund which has invested in 10 portfolio companies. Based on valuations as of September 30, 2022, the Fund has achieved a gross multiple of invested capital of 2.1x and a net IRR of 13%, resulting in $127 million of Net Accrued Performance Fees. Following the recent activity, the Fund's remaining portfolio of 5 active investments is performing well and also positioned for divestment over the next few years.
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SEOVF EVO | Hot Stocks07:12 EST Sernova, Evotec on track to clinically test iPSC-derived islets in Cell Pouch - Sernova (SEOVF) announced that significant progress has been achieved in its collaboration with Evotec SE (EVO). This progress includes advancement of Evotec's iPSC derived islet-like clusters in combination with Sernova's implantable Cell Pouch device toward a first-in-human Phase 1/2 clinical trial for the treatment of patients with T1D and severe hypoglycemia slated for regulatory filing in 2024. The objective of the collaboration is to produce an off-the-shelf, commercially viable, ethically derived cell therapy treatment for people suffering from T1D. The treatment would include Sernova's Cell Pouch System incorporating Evotec's iPSC-derived islet-like clusters. The combination product is anticipated to be the first treatment of its kind to reach clinical testing for T1D. The Evotec and Sernova collaboration has to date resulted in the following significant achievements: Development of a robust, cost-efficient, scalable, highly controlled iPSC differentiation protocol with the ability to cryopreserve and store batches of differentiated islet-cell clusters; Demonstration of excellent islet-like cluster survival under standard shipping conditions and following transplantation; Demonstration of consistent long-term insulin independence with no hypoglycemic events and consistent safety profiles in a gold standard T1D preclinical model with Evotec's iPSC-derived islet-like clusters transplanted in Sernova's Cell Pouch; iPSC islet-like cluster manufacturing scale-up and technology transfer activities to Evotec's iPSC GMP facility are well under way in preparation for manufacture of clinical and commercial iPSC islet-like clusters supply; Interactions with experts in support of design of the first Phase 1/2 clinical trial. Based on these achievements the following activities will be continuing throughout 2023 in preparation for regulatory filings anticipated in 2024: Completion of standard formal safety/toxicology studies and other required preclinical studies; Identification and securing of potential clinical study sites to enable efficient patient enrollment following initiation of the Phase 1/2 clinical study; Preparation of regulatory submissions for planned trial geographies, combining both the established library of regulatory documentation for Sernova's Cell Pouch and that developed by Evotec for their iPSC islet-like clusters
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SFR | Hot Stocks07:10 EST Appreciate launches operations in Memphis market - Appreciate Holdings announced the Company's expansion into the Memphis, Tennessee market. Appreciate's entrance into the Memphis market follows the strategic plan of the Company to support its clients with operations in lucrative geographic locations across the country. Appreciate launched the market with one of the Company's institutional clients, as investors remain focused on the higher yielding southeastern markets. "Increasing housing affordability issues resulting from rising mortgage rates have created a strong backdrop for the SFR asset class and its investors," said Appreciate President Kevin Ortner. "As Appreciate continues its expansion as a publicly-traded company, it is our goal to support investors, whether large or small, through our end-to-end solution that allows them to buy, lease, manage and sell SFR all in one place."
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W | Hot Stocks07:09 EST Wayfair Professional launches year-long partnership with Lamb & Co. - Wayfair that its business program, Wayfair Professional, is entering into a year-long brand partnership with Lyndsay Lamb and Leslie Davis of Lamb & Co. This integrated partnership aims to showcase how Lamb and Davis utilize Wayfair Professional to power their business, renovations, and design work for Lamb & Co. The twin sisters, who are best known for co-hosting HGTV's "Unsellable Houses," are also multi-business entrepreneurs, and top-producing real estate agents with a passion for home design, renovation, and staging. 2022 Tastemaker Winner, Defining Space + Style. "As entrepreneurs, we love to partner with other businesses that strive to serve each customer with care. That's why we're so excited to work with Wayfair Professional throughout 2023 and highlight the many benefits that designers, renovators, and other Pros have access to through their free business program," says Lamb on the collaboration.
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HSDT | Hot Stocks07:08 EST Helius Medical announces participation of NCNE in its TEP - Helius Medical Technologies announced the addition of Neurology Center of New England, NCNE, to its Therapeutic Experience Program, TEP. NCNE joins four other Centers of Excellence in this company-sponsored open-label observational trial designed to evaluate the impact of subjects' adherence to Portable Neuromodulation Stimulator, PoNS, therapy in patients with multiple sclerosis, MS. The initiative will be led by Dr. Salvatore Napoli, Medical Director of NCNE. "Dr. Napoli and his team are important contributors to our PTAP program, and we are elated about their participation in the TEP study. NCNE is a highly reputable medical center known for its high-touch, integrated approach to treating MS and other neurological conditions. The center's unique approach to patient care will further enhance our understanding of the impact of PoNS therapy, as applied in real-world clinical settings, on therapeutic outcome," said Antonella Favit-Van Pelt, M.D., Ph.D., Helius' Chief Medical Officer.
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ORAAF | Hot Stocks07:08 EST Aura Minerals reports Q4 production of 67,663 GEO - Aura Minerals announced preliminary production results from the Company's three operating mines for the fourth quarter of 2022. Total production reached 67,663 gold equivalent ounces during Q4 2022. Excluding Gold Road, it was the second highest production achieved in a single quarter, behind its Q4 2021 production. Total production for 2022 reached 242,524 GEO at current prices - also the second highest production in a single year in the history of the Company. Total production in GEO increased 16% in Q4 2022 compared to Q3 2022, when calculated based on current prices. Based on constant prices, production in Q4 2022 was 5% lower than in Q4 2021, when Aura recorded its highest quarterly production in its history. At EPP, production in GEO increased by 50% compared to Q3 2022 and by 56% compared to Q4 2021 as operations accessed phase II of the Ernesto pit, resulting in higher grades. This was the highest quarterly production at EPP in the history of the Company. At Aranzazu, production in GEO increased by 9% relative to Q3 2022 as a result of high tonnage processe and increase in gold and copper grades due to mine sequencing. At San Andres production in GEO was 13% lower than in the previous quarter. Lower production in Q4 2022 was due to longer than expected leaching cycle during the quarter; however, ore mined increased 44% compared to the previous quarter. Due to the leaching cycle, an estimated additional 1,600 Oz were produced and not sold during the quarter and are in the circuit by year end and expected to be recovered and sold in early 2023. Therefore, production at San Andres is expected to increase in Q1 2023 once the leaching process of the ore fed during Q4 2022 is completed and gold is recovered at the mill. Rodrigo Barbosa, the Company's President and CEO comments, "Last quarter we had the second highest production in Aura's history, which demonstrates consistency in our growth plans. In addition, during the quarter we advanced Almas's construction, finishing the year with 87% of the construction completed and on track to deliver the project early this year. The end of 2022 was an important quarter as we made progress on our understanding of the Borborema project and updated our guidance to achieve 400,000 GEO (annualized) in 2024 and 450,000 GEO in 2025, while paying US$20 million in dividends and US$10 million in share buybacks resulting in total yield of about 6% in 2022 only. We are now set up for an even stronger 2023 with a continued focus on growth while returning capital to our shareholders."
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ADN | Hot Stocks07:08 EST Advent Technologies, Alfa Laval to collaborate on project - Advent Technologies announced that it will collaborate with Alfa Laval, a global provider of heat transfer, separation, and fluid handling products, on a project to explore applications of Advent's methanol-powered high-temperature proton exchange membrane fuel cells in the marine industry. Funded by the Danish Energy Technology Development and Demonstration Program, or EUDP, the project is a joint effort between Advent, Alfa Laval and a group of Danish shipowners. The project will focus on testing Advent's methanol-powered HT-PEM fuel cells as a source of marine auxiliary power. During the course of the project, the fuel cell system will undergo a risk assessment by a leading international classification society.
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PLUG TRP | Hot Stocks07:07 EST Plug Power to deliver two 30 TPD hydrogen liquefaction systems to TC Energy - Plug Power (PLUG) has been awarded an order to deliver two 30-tons-per-day, TPD, hydrogen liquefaction systems to TC Energy Corporation (TRP). These 30TPD hydrogen liquefaction systems utilize a hydrogen refrigeration cycle and bring to market one of the most energy efficient designs to date. Through the acquisition of Joule Processing LLC in 2022, Plug gained core competency in liquefaction systems known for their operational efficiency, flexibility and reliability. Plug's hydrogen liquefaction system has one of the most energy-efficient designs on the market utilizing hydrogen as the refrigerant in the main liquefaction cycle. "As a global leader in manufacturing reliable hydrogen liquefiers, Plug is focused on optimizing both capital and operational efficiency for our customers at every stage of the hydrogen value chain," said Andy Marsh, CEO of Plug. "This deal validates our investment in Plug's liquefaction capabilities as part of our vision to build an end-to-end green hydrogen solution. We share TC Energy's commitment to providing sustainable and secure energy, and together we look forward to accelerating the growth of the hydrogen market."
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ORZCF | Hot Stocks07:06 EST Orezone Gold produces 22,258 oz of gold at Bombore in Q4 - Orezone Gold provided 2022 fourth quarter and annual production results from its Bombore Gold Mine in Burkina Faso. Q4-2022 Highlights: Gold production of 22,258 oz in Q4-2022 with 12,975 oz in December. Mill throughput of 806,875 tonnes in Q4-2022 with 458,954 tonnes in December. Commercial production achieved on December 1, 2022 following the restart of mill operations at the end of October and progression in daily throughput in November. Rapid ramp-up of plant production with December throughput at 4% above nameplate capacity of 14,250 tpd. Record throughput of 17,120 tpd, 20% above nameplate, achieved on December 25, 2022. Plant recoveries are exceeding design at an average of 92%. Gold sales of 24,676 oz at an average realized price of $1,760 per oz resulting in sales proceeds of $43.4M. Cash position of $9.1M at December 31, 2022, an increase of $1.7M during the fourth quarter. Patrick Downey, President & CEO stated, "The Bombore operations delivered a solid quarter of gold production highlighted by an outstanding December. The process plant has operated steadily upon attaining reliable power in November and continues to trend upwards in terms of daily throughput which has continued into January 2023. The strong Q4 operating performance has resulted in significant free cashflow generation for the period, allowing the Company to meet its debt servicing obligations and to greatly improve its financial position at year-end. We look forward to providing 2023 annual guidance and further details on this year's milestones later this month."
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ARKO | Hot Stocks07:05 EST Arko Corp. announces CFO Bassell to retire - ARKO announced that Chief Financial Officer, CFO, Don Bassell has informed the Company of his intent to retire by the end of 2023, after 42 years in the industry. Bassell is expected to remain as Chief Financial Officer until his successor is in place and remain with the Company until approximately April 2024 to assist with the transition process and ensure continuity of operations. The Company plans to promptly commence a process to identify a successor, considering both internal and external candidates.
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PLTR NET | Hot Stocks07:04 EST Palantir, Cloudflare enter strategic partnership - Palantir (PLTR) announced a strategic partnership with Cloudflare (NET) to help organizations cut cloud costs, increase control, and improve predictability over multi-cloud workloads.
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BLDR | Hot Stocks07:04 EST Builders FirstSource announces Rush named as Chief Executive Officer - Builders FirstSource announced that Dave Rush has been named Chief Executive Officer, effective immediately. Rush has served as Interim Chief Executive Officer of Builders FirstSource since November 18, 2022, when he was also appointed to the Company's Board of Directors.
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CIGI | Hot Stocks07:04 EST Colliers International names Luke Dawson head of global capital markets - Colliers announced the appointment of Luke Dawson as Head of Global Capital Markets. Dawson will set the global strategic agenda for Colliers Capital Markets, which includes advising clients, providing value-added services to accelerate clients' investment strategies, and connecting capital with opportunities across all asset classes around the world. In addition to his new mandate, he will retain his existing role as Capital Markets leader for EMEA.
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KYMR | Hot Stocks07:03 EST Kymera Therapeutics shares key 2023 goals - Kymera Therapeutics announced its research, development and corporate goals for 2023. Nello Mainolfi, PhD, Founder, President and CEO said, "Kymera ended 2022 with a cash balance of approximately $560 million, providing the company with an anticipated cash runway into the second half of 2025 that is expected to take us past the proof-of-concept Phase 2 data for KT-474, as well as early proof-of-concept data for KT-413, KT-333 and KT-253." Continued Dr. Mainolfi. "In addition, we are well-positioned to advance our wholly-owned clinical programs while continuing significant investments in our platform and robust discovery pipeline, additional details about which we look forward to sharing in 2023." Kymera's 2023 Objectives: Key objectives include: Collaborate with Sanofi to Initiate KT-474 Phase 2 trials; Publish results of KT-474 Phase 1 trial, including the HS/AD patient cohort; Demonstrate KT-413 clinical anti-tumor activity in target patient populations; Demonstrate KT-333 clinical anti-tumor activity in target patient populations; Initiate KT-253 Phase 1 trial in solid and hematological tumors and demonstrate KT-253 clinical proof-of-mechanism in patients; Deliver at least 2 new development candidates/Investigational New Drugs from the preclinical pipeline in areas of large clinical and commercial opportunity and pathways where TPD has potential to provide either the only or the best-in-class solution; Further expand the capabilities of Kymera's Pegasu platform and continue to leverage ; Kymera's E3 Ligase Whole-Body Atlas of over 600 unique E3 ligases, with a focus on tissue restricted E3 ligases; Expand novel molecular glue franchise in areas of unmet medical need, exploiting a newly identified degron motif; Advance existing collaborations, or execute additional strategic partnerships, that support the company's evolution into a fully integrated, global biopharmaceutical company
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CECO | Hot Stocks07:03 EST CECO Environmental completes Wakefield Acoustics acquisition - CECO Environmental announced it has completed the acquisition of Wakefield Acoustics, a UK-based design and manufacturing firm specializing in advanced industrial, commercial and environmental noise control systems. The Wakefield acquisition is the latest in CECO's programmatic M&A program of the past 12 months, with 2023E revenue expected to exceed $10M.
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COIN | Hot Stocks06:58 EST Coinbase to cut workforce by about 950 employees in further restructuring - In a regulatory filing, Coinbase reported that on January 10, the company announced a further restructuring plan to manage its operating expenses in response to the ongoing market conditions impacting the cryptoeconomy, as well as ongoing business prioritization efforts. The plan involves a reduction of the company's workforce by approximately 950 employees. The company expects execution of the plan to be substantially complete by the second quarter of 2023. In connection with these actions, the company estimates that it will incur approximately $149M to $163M in total restructuring expenses, consisting of approximately $58M to $68M in cash charges related to employee severance and other termination benefits. Of the aggregate charges that the company expects to incur in connection with the plan, the company expects that approximately $91M to $95M will be in stock-based compensation expenditures relating to the acceleration of the vesting of outstanding equity awards in accordance with the terms of such awards. The company expects to recognize substantially all of these charges in the first quarter of 2023. "The estimates of the charges and expenditures that the company expects to incur in connection with the plan, and the timing thereof, are subject to a number of assumptions, including local law and consultation requirements in various jurisdictions, and actual amounts may differ materially from estimates. The company may also incur charges and expenditures not currently contemplated due to unanticipated events that may occur in connection with the plan," the filing stated.
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WNC JBHT | Hot Stocks06:58 EST Wabash signs long-term supply agreement with J.B. Hunt - Wabash (WNC) announced a multi-year supply agreement with J.B. Hunt Transport (JBHT). This long-term order agreement with J.B. Hunt couples with Wabash's 10-year aluminum supply agreement with Hydro, strategically coordinated to provide certainty that Wabash can meet pent-up demand as its additional dry van capacity comes online in early 2023.
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EXK | Hot Stocks06:55 EST Endeavour Silver reports 2022 production 9.0M silver eq. oz. - Endeavour Silver reported 2022 production of 5,963,445 silver oz. and 37,548 gold oz, for silver equivalent production of 9.0M oz. Q4 production was 1,830,835 silver oz and 10,370 gold oz, for silver equivalent production of 2.7M oz. 2022 full year production exceeded the upper range of its guidance of 7.6M-8.0M oz AgEq due to continuing strong performance at Guanacevi. Annual silver and gold production exceeded the upper range of guidance by 17% and 4% respectively. Financial due diligence continues on financing the Terronera project: The company intends to make a formal construction decision subject to completion of a financing package and receipt of additional amended permits in the coming months. "We are very pleased to have exceeded the top end of the 2022 production guidance, with full year silver equivalent production improving by 9% year over year and fourth quarter silver equivalent production up 21% over the prior year period. Q4 throughput and grades at Guanacevi exceeded plan, contributing to the significant out-performance of the Guanacevi operations during 2022," stated CEO Dan Dickson.
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TRMB | Hot Stocks06:46 EST Trimble selected by NPRA to maintain 10,600-km road network, infrastructure - Trimble announced that Norwegian Public Roads Administration, or NPRA, Operations and Maintenance has selected Trimble's AgileAssets infrastructure enterprise asset management software to manage, maintain and operate the country's 10,600-km road network and associated transportation infrastructure. The selected software complements Trimble's Quadri software, a cloud-based Building Information Modeling, or BIM, collaboration solution that NPRA already uses for construction projects. As Norway's road network becomes increasingly complex, the powerful combination of Trimble's Quadri and AgileAssets will enable NPRA to meet growing demands by leveraging connected data to improve performance throughout the entire asset lifecycle, from design and construction to operations and maintenance.
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CECO | Hot Stocks06:44 EST CECO Environmental expects Q4 orders to exceed $145M - CECO Environmental announced it expects orders for the fourth quarter to exceed $145M, an increase of at least $55M, or 60%, over the prior-year quarter and $43M, or 42%, on a sequential basis, providing CECO with year-end backlog at or near record levels.
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TGL | Hot Stocks06:31 EST Treasure Global signs MOU in Malaysia with fintech Boost - Treasure Global has signed a Memorandum of Understanding - MOU - to discuss a new strategic partnership in Malaysia with Boost, a regional full spectrum fintech player. As a continuation of TGI's business collaboration with Boost, the new partnership will seek to leverage digital financing solutions from Boost Credit, an AI-based lending business which offers a range of lending services such as working capital financing, invoice financing and supply chain financing to financially empower small and medium enterprises in Malaysia. Under the agreement, Boost Credit's digital financing solutions will be onboarded into TGI's TAZTE program, connecting TGI with a network of merchants and food and beverage providers as potential users of its TAZTE and ZCITY platforms.
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INTC | Hot Stocks06:21 EST Intel selects Encompass for computer technology components - Intel and Encompass Supply Chain Solutions, a provider of replacement parts and supply chain services for a range of product brands, have finalized an agreement for Encompass to manage NUC parts for Intel. Under the deal, Encompass will serve as a master distributor of components used for the repair of Intel NUC personal computers. NUC - Next Unit of Computing - is a small form factor device or compute element, which contains everything a standard PC does: processor, memory, SSD, LAN or WiFi, as well as support for integrated and discrete graphics options.
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IMOS | Hot Stocks06:17 EST ChipMOS reports Q4 revenue $152.5M, down 10.8% - ChipMOS reported its unaudited consolidated revenue for the month of December 2022 and for the fourth quarter ended December 31, 2022. Revenue for the fourth quarter of 2022 was $152.5M, representing a decrease of 10.8% from the third quarter of 2022, and a decrease of 31% from the fourth quarter of 2021. Revenue for the month of December 2022 was $50.6M, representing a decrease of 0.3% from November 2022, and a decrease of 31.4% from December 2021.
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WATT | Hot Stocks06:03 EST Energous, SATO Holdings announce partnership - Energous and SATO Holdings announced a partnership to develop joint solutions that combine Energous' 1W WattUp PowerBridge transmitters with IoT solutions for next-generation smart store applications. Through this joint development, the two aim to realize wireless powering of Wiliot IoT Pixel sensor tags from a distance of 5m to a maximum of 10m for asset management and inventory management solutions in stores and warehouses that SATO is building.
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PRE | Hot Stocks06:02 EST Prenetics: ACT Genomics receives FDA clearance for ACTOnco - Prenetics Global announced that ACT Genomics, a company which Prenetics recently acquired a majority stake in, has received clearance from the U.S. FDA for ACTOnco, the company's comprehensive genomic profiling test for solid tumors. ACTOnco is intended for use by healthcare professionals to help them inform clinical management decisions in accordance with professional guidelines for cancer patients with solid tumors. This is the first and only Asia-based company to receive FDA clearance for a comprehensive genomic profiling test.
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VORB | Hot Stocks05:15 EST Virgin Orbit says first orbital launch fell short of target - The company said, "The historic first attempt to launch satellites from British soil reached space late last night, but ultimately fell short of reaching its target orbit. After successfully taking off from the runway at Spaceport Cornwall - which just a few weeks ago was transformed from a mere slab of empty cement at a commercial airport to the world's newest space launch operations center - and travelling to the designated drop zone, Cosmic Girl, the customized 747 that serves as the LauncherOne system's carrier aircraft, successfully released the rocket. The rocket then ignited its engines, quickly going hypersonic and successfully reaching space. The flight then continued through successful stage separation and ignition of the second stage. However, at some point during the firing of the rocket's second stage engine and with the rocket travelling at a speed of more than 11,000 miles per hour, the system experienced an anomaly, ending the mission prematurely. Though the mission did not achieve its final orbit, by reaching space and achieving numerous significant first-time achievements, it represents an important step forward. The effort behind the flight brought together new partnerships and integrated collaboration from a wide range of partners, including the UK Space Agency, the Royal Air Force, the Civil Aviation Authority, the US Federal Aviation Administration, the National Reconnaissance Office, and more, and demonstrated that space launch is achievable from UK soil. Out of five LauncherOne missions carrying payloads for private companies and governmental agencies, this is the first to fall short of delivering its payloads to their precise target orbit."
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ASX | Hot Stocks05:12 EST ASE Technology reports December revenue $1.74B, down 8% - Reports Q4 revenue $5.66B vs. $6.23B last year.
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ESLT | Hot Stocks05:09 EST Elbit Systems awarded $180M contract from IMoD - Elbit Systems announced that it was awarded a contract in an amount of approximately $180M from the Israeli Ministry of Defense, or IMoD, to provide, operate and maintain the new Mission Training Center, or MTC, for the Israeli Air Force's, or IAF, F-16 fleet. The contract will be delivered over a three-year period with an additional fifteen year period that will include operation and maintenance services.
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ACN | Hot Stocks05:08 EST Accenture acquires SKS Group, terms undisclosed - Accenture has agreed to acquire SKS Group, a consulting firm that helps banks across Germany, Austria and Switzerland modernize their technology infrastructure and address regulatory requirements using SAP S/4HANA solutions. Terms of the transaction were not disclosed.
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