Stockwinners Market Radar for January 18, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
NVTA | Hot Stocks20:06 EST Cathie Wood's ARK Investment bought 392.6K shares of Invitae today
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CMPS | Hot Stocks20:06 EST Cathie Wood's ARK Investment bought 156.6K shares of Compass Pathways today
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CERS | Hot Stocks20:05 EST Cathie Wood's ARK Investment bought 504.7K shares of Cerus today
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TSLA | Hot Stocks20:05 EST Cathie Wood's ARK Investment bought 50K shares of Tesla today
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ZYME | Hot Stocks18:37 EST Zymeworks up 4% afterhours as holder EcoR1 Capital buys $9.7M in common stock - Zymeworks shareholder EcoR1 Capital disclosed in a regulatory filing that it had purchased 985K shares of Zymeworks at $9.84 per share between January 13 and January 18 for a total transaction amount of $9.7M.
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ISPO | Hot Stocks18:31 EST Inspirato announces plan to streamline operations - Inspirato announced a plan to streamline operations. The plan includes a workforce reduction, effective immediately, that impacts approximately 12% of the company's current staff. Moving forward, Inspirato's headcount consists of more than 800 dedicated hospitality professionals, an increase of over 300 employees compared to December 2020. "We took this step to help reduce costs as we manage Inspirato responsibly in the face of ongoing macroeconomic uncertainty," said Brent Handler, Inspirato's Co-Founder and Chief Executive Officer. "While we regret saying goodbye to this talented group of colleagues, we believe that the long-term opportunity for Inspirato remains strong. We believe this reduction will help us achieve our goal of Adjusted EBITDA breakeven in 2023 while continuing to deliver the service and certainty that our Inspirato subscribers expect whenever they travel with us." The company will provide further details when it reports financial results for the fourth quarter and full year 2022 later this year.
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AAPL | Hot Stocks18:20 EST Apple TV+ says 'Ted Lasso' season three coming spring 2023 - Apple TV+ announced that its hit comedy series "Ted Lasso" will return for its third season this spring 2023. The third season of the series will premiere alongside highly anticipated Apple Originals also set to make their global debut this winter and spring on Apple TV+, including "Truth Be Told" season three, "Dear Edward," "Hello Tomorrow!," "The Big Door Prize," "Jane," "Liaison," "The Reluctant Traveler," "Schmigadoon!" season two, "Swagger" season two, "The Afterparty" season two and more.
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BTG | Hot Stocks18:04 EST B2Gold sees 2023 total gold production topping 1M oz - The company sees "2023 total gold production guidance of 1,000,000 to 1,080,000 ounces, including 60,000 to 70,000 ounces of attributable production from Calibre and total consolidated cash operating cost guidance of $670 to $730 per gold ounce, slightly higher than the 2022 guidance range due to minor inflationary impacts from fuel, labour, and other key consumables."
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BTG | Hot Stocks18:02 EST B2Gold reports Q4 gold production 367.9K oz - The company reports: "Total gold production in the fourth quarter of 2022 of 367,870 ounces, including 15,101 ounces of attributable production from Calibre Mining Corp., a quarterly production record for B2Gold. Achieved upper half of 2022 annual gold production guidance: Total gold production for 2022 of 1,027,874 ounces, above the mid-point of 2022 guidance, the seventh consecutive year of meeting or exceeding annual production guidance. Record quarterly production at Fekola in Q4 2022: Gold production from the Fekola Mine of 244,014 ounces in the fourth quarter of 2022, a quarterly record for the operation. High grade ore from Fekola open pit Phase 6 contributed to consecutive monthly production records in October and November 2022. Full year 2022 gold production from Fekola of 598,661 ounces, at the upper end of the annual guidance range of 570,000 to 600,000 ounces. "
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XPEL | Hot Stocks17:53 EST Xpel director sells $1.42M in common stock - In a regulatory filing, Xpel disclosed that its director Richard Crumly sold 20K shares of common stock on January 13th in a total transaction size of $1.42M.
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FDBC | Hot Stocks17:46 EST Fidelity D & D Bancorp raises dividend 9% to 36c per share - Fidelity D & D Bancorp declared a 1Q23 dividend of 36c per share, a 9% increase above the prior year's Q1 dividend paid of 33c per share. The dividend is payable March 10 to shareholders of record at the close of business on February 17.
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AKRO | Hot Stocks17:40 EST Officer of Akero Therapeutics Yale sells $253K in company shares - Office of Akero Therapeutics Catriona Yale disclosed in a filing that she had sold 5,000 shares of company stock at on January 13 at $50.53 per share, for a total transaction amount of $252,651.
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FAST | Hot Stocks17:36 EST Fastenal raises quarterly dividend to 35c from 31c per share - The dividend will be paid in cash on March 2 to shareholders of record at the close of business on February 2.
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BSM | Hot Stocks17:30 EST Black Stone Minerals CFO Jeff Wood to leave company - Black Stone Minerals, L.P. announced that Jeff Wood, the President, Chief Financial Officer, and Treasurer of Black Stone's general partner, will leave the company effective February 28, 2023. Upon Mr. Wood's departure, Evan Kiefer, who currently serves as Vice President, Finance and Investor Relations, will assume the role of Interim Chief Financial Officer and Treasurer. Thomas L. Carter, Jr., Black Stone's Chief Executive Officer and Chairman commented, "Jeff has been an integral part of our management team and our success as a public company since he joined us in 2016, shortly after our initial public offering. He has brought a high level of professionalism to our organization and helped to navigate us through some difficult times, including Covid and the accompanying downturn in the commodity markets." Mr. Carter concluded, "On behalf of Black Stone's Board and senior management team, I want to thank Jeff for his contributions to the Company, which is today in one of the strongest financial positions in its history."
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BAESY | Hot Stocks17:18 EST BAE Systems awarded $71.9M U.S. Navy contract - BAE Systems is awarded a $71,909,045 definite-quantity, fixed-price incentive, firm-fixed-price, fixed-price economic price adjustment contract for the manufacture and delivery of five Columbia-class submarine components. Work will be performed in Louisville, Kentucky and is expected to be completed by May 2030. Fiscal 2023 National Sea-Based Deterrence Fund funds in the amount of $7,075,000 will be obligated at time of award, of which none will expire at the end of the current fiscal year.
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VNO | Hot Stocks17:16 EST Vornado cuts quarterly dividend to 37.5c per share - The decrease is in recognition of the current state of the economy and capital markets and is reflective of Vornado's reduced projected 2023 taxable income, primarily due to higher interest expense. The dividend will be payable on February 10 to common shareholders of record on January 30.
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ALSN | Hot Stocks17:07 EST Allison to make propulsion gear for L&T to make combat vehicle for Indian army - Allison Transmission is proud to work with Larsen and Toubro L&T to provide the Allison 3040 MXTM propulsion solution for the Indian Army's Futuristic Infantry Combat Vehicle FICV prototype. The Indian Army's new Futuristic Infantry Combat Vehicle FICV includes Allison's 3040 MX propulsion solution, which is also found in the U.S. Army's newest tank, the Mobile Protected Firepower Light Tank Allison will manage engineering design, development, fabrication, testing and demonstration of the 3040 MX for the FICV prototype vehicles through 2024. The Indian Army intends to procure approximately 1,750 FICVs over the next two decades. The FICV is a fully tracked armored vehicle consisting of Infantry Fighting Vehicle Reconnaissance and Surveillance, and Command and Control variants. It is essential to the "Make in India" modernization program, designed to replace India's fleet of aging BMP-1 and BMP-2 infantry fighting vehicles. Allison's 3040 MX was developed based on its proven X300 propulsion solution, which has been integral to the European CV90 and Warrior IFV drivetrain solutions for over 30 years. The 3040 MX is now equipped with advanced electronic system controls enabling performance optimization and additional functionality that was not previously available.
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ENLC | Hot Stocks17:04 EST EnLink Midstream raises quarterly dividend by 11% to 12.5c per share - The dividend will be paid on February 13, 2023, to unitholders of record on January 30, 2023.
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THAC | Hot Stocks17:03 EST Thrive Acquisition to redeem all of its public shares and dissolve - Thrive Acquisition announced that, because the company will not consummate an initial business combination within the time period required by its Articles of Association, the company intends to liquidate and dissolve in accordance with the provisions of the Amended Articles, effective as of the close of business on January 25, and will redeem all of the outstanding Class A ordinary shares that were included in the units issued in its IPO at an anticipated per-share redemption price of approximately $10.36. As of the close of business on January 25, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. The company's sponsor, officers and directors have agreed to waive their redemption rights with respect to their outstanding Class B ordinary shares issued prior to the Company's initial public offering. There will be no redemption rights or liquidating distributions with respect to the company's warrants, which will expire worthless. The company anticipates that the Public Shares will cease trading as of the close of business on January 25.
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AKTS | Hot Stocks17:01 EST Akoustis awarded first high-volume 5G mobile XBAW filter order - The company states: "Akoustis Technologies announced that it has received its first high-volume 5G mobile filter purchase order from its leading multi-billion-dollar Tier-1 RF component company customer. The filter is manufactured using the Akoustis XBAW process and is designed into the customer's new multiplexer product that is expected to ship in the first half of calendar 2023 as part of a major chipset OEM reference design. The filter solution leverages one of Akoustis' new wafer-level-packages, developed and manufactured in its Canandaigua, New York fab. The new XBAW(R)-based design is being used to address difficult coexistence issues between 5G mid-bands and Wi-Fi 6E 5 to 7 GHz bands. The customer is considering additional applications for filters using the XBAW(R) process in future modules for 5G smartphones and other mobile devices after the successful completion of this first solution."
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DCPH | Hot Stocks17:01 EST Deciphera falls 8% to $19.00 after announcing $125M common stock offering
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PGTI GLW | Hot Stocks17:00 EST PGT Innovations to partner with Corning on advanced window technologies - PGT Innovations (PGTI) "announce a first-of-its-kind collaboration with Corning (GLW) to produce next-generation glass technology beginning this year." CEO Jeff Jackson says: "Collaborating with Corning in the North American fenestration industry only furthers that position. Additionally, the technology advancements born from this collaboration directly support PGT Innovations' mission to continuously produce premium, high-quality products that enhance people's lives. We expect that the new glass technologies we will be able to offer consumers will change our industry and provide significant impact on home hardening, energy savings, and user comfort."
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VRE | Hot Stocks16:48 EST Veris Residential falls 9% to $14.88 after Kushner Co. pulls out of deal talks
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ADV | Hot Stocks16:34 EST Advantage Solutions names Dave Peacock CEO succeeding Griffin - Advantage Solutions has named Dave Peacock chief executive officer and a member of its board of directors effective February 1. Advantage also appointed Chris Baldwin a member of Advantage's board of directors effective February 1. Peacock will succeed Jill Griffin, who resigned and has elected to pursue other business endeavors.
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IGT | Hot Stocks16:33 EST International Game and Greentube sign patent cross-licensing agreement - International Game and Greentube, the NOVOMATIC Digital Gaming and Entertainment division, have signed a patent cross-licensing agreement that includes valuable patents related to remote game server - RGS - technologies for providing games over a network. With the execution of this agreement, IGT can offer the global gaming industry a patent license to the combined RGS portfolios of IGT and Greentube. Financial terms of the agreement have not been disclosed.
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BHP | Hot Stocks16:33 EST BHP Group affirms FY23 Iron Ore output view of 249MT-260MT - Affirms FY23 Copper output 1,635-1,825kt and metallurgical coal output of 29-32MT.
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BHP | Hot Stocks16:32 EST BHP Group reports Q2 iron ore output 66.9MT, up 1% y/y - Reports Q2 copper production 424.3kt, up 16% y/y. Reports Q2 Metallurgical coal production 7.0MT, up 4% y/y. CEO Mike Henry states: "BHP delivered safe and reliable operating performance in the first half of the 2023 financial year. Employees and contractors across BHP continued to prioritise safety, resulting in the fourth consecutive year without a fatality. WA Iron Ore delivered record production for the half year through strong supply chain performance, supported by the ongoing ramp-up at South Flank. Copper production at Escondida rose despite road blockades in Chile in the December quarter and the Spence Growth Option continued to ramp up, while Olympic Dam's ongoing smelter performance saw near-record material processing and record gold production. In Queensland, coal production was again impacted by heavy rainfall. As foreshadowed, we are seeing the impact of inflation across our global supply chains and continue to focus on productivity and controllable costs. BHP believes China will be a stabilising force when it comes to commodity demand in the 2023 calendar year, with OECD nations experiencing economic headwinds. China's pro-growth policies, including in the property sector, and an easing of COVID-19 restrictions are expected to support progressive improvement from the difficult economic conditions of the first half. China is expected to achieve its fifth straight year of over 1 billion tonnes of steel production. During the quarter, we continued to progress a number of growth pathways to shape our portfolio toward future facing commodities and reduce our operational emissions. In December 2022, BHP's scheme implementation deed to acquire 100% of Australian copper producer OZ Minerals received unanimous support from the OZ Minerals Board ahead of a shareholder vote in the coming months."
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SQZ | Hot Stocks16:31 EST SQZ Biotechnologies receives continued listing standards notice from NYSE - SQZ Biotechnologies announced that on January 18, 2023, it received notice from the New York Stock Exchange indicating that the company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the company's common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the company's common stock from the NYSE. The company plans to notify the NYSE of its intent to cure the stock price deficiency and return to compliance with the NYSE's continued listing standards. Under NYSE rules, the company has a period of six months from receipt of the NYSE notice to cure the stock price deficiency and regain compliance with the NYSE's continued listing standards. The company can regain compliance at any time within such cure period if, on the last trading day of any calendar month during the cure period, the company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. The company intends to consider available alternatives, including, but not limited to, a reverse stock split, subject to stockholder approval at the company's next annual meeting of stockholders, if necessary to cure the stock price deficiency. The company's common stock will continue to be listed and trade on the NYSE during this cure period, subject to SQZ Biotechnologies' compliance with other NYSE continued listing standards.
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AA | Hot Stocks16:22 EST Alcoa falls 4% to $51.50 after Q4 results and guidance
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BALY | Hot Stocks16:21 EST Bally's reducing current Interactive workforce by up to 15% - In a regulatory filing, Bally's Corporation disclosed that on January 18 the company announced a restructuring plan of the Interactive business intended to reduce operating costs and "continue the company's commitment to achieving profitable operations in its North American Interactive segment." The plan includes a reduction of the company's current Interactive workforce by up to 15%. "Decisions regarding the elimination of positions are subject to local law and consultation requirements in certain countries, as well as the company's business needs. The company estimates that it will incur between approximately $10M to $15M in cash severance costs in connection with the Plan, which the company expects to incur 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 requirements in various jurisdictions, and actual amounts may differ materially from estimates," the filing stated.
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NNI | Hot Stocks16:18 EST Nelnet to reduce headcount in student loan servicing division - Nelnet announced changes to manage excess staff capacity due to delays in the government's student debt relief and return to repayment programs. Approximately 350 associates who were hired within the last six months will be laid off and approximately 210 associates will be terminated for performance reasons in the company's Nelnet Diversified Services division. Last year, NDS took steps to grow its loan servicing teams in anticipation of the implementation of the Student Debt Relief Program as well as return to repayment for federal student loans, which was set to occur on December 31, 2022. However, with the U.S. Department of Education's announcement in November that the pause on repayment has been extended to late 2023 and with the Student Debt Relief Program currently in litigation, NDS must now right-size its loan servicing teams to better align with current volume. The approximately 350 associates who will be laid off were hired within the last six months for the primary purpose of meeting the anticipated increase in student loan borrower activity, which was further delayed. A 60-day working notification was given to these associates whose performance was not a factor. Performance was used to identify approximately 210 of the impacted associates. No additional changes related to staff capacity are planned.
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OKE | Hot Stocks16:16 EST Oneok raises quarterly dividend 2% to 95.5c per share - The dividend is payable Feb. 14 to shareholders of record at the close of business Jan. 30.
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AA | Hot Stocks16:14 EST Alcoa sees FY23 total alumina shipments at 12.7M-12.9M mt - The company states: "In 2023, the Company projects total alumina shipments, including externally sourced alumina, to range between 12.7 and 12.9 million metric tons, a decrease of 0.5 million metric tons from 2022 due to the partial curtailment of the San Ciprian refinery and lower bauxite quality at the Australian refineries. The Aluminum segment is expected to ship between 2.5 and 2.6 million metric tons, consistent with 2022 as additional shipments from the restart of the Alumar and Portland smelters are offset by lower anticipated trading volume. For Alumina Segment Adjusted EBITDA, the Company expects approximately $25 million higher costs from a Western Australia gas supply disruption to be offset by the non-recurrence of the Alumar refinery ARO adjustment. In early January 2023, in response to a domestic natural gas shortage in Western Australia due to production challenges experienced by key gas suppliers, Alcoa's Kwinana and Pinjarra refineries converted to diesel as an immediate and temporary fuel source for some operational needs. Alcoa reduced production by approximately 30 percent at the Kwinana refinery by taking one production unit offline and reducing process flows. While gas supply has improved, and both refineries have reverted to full gas use, the Kwinana refinery continues to operate at a reduced production rate due to ongoing uncertainty in the gas market. Alcoa continues to monitor the situation and will consider the need for additional actions as the situation evolves. For Aluminum Segment Adjusted EBITDA, Alcoa expects Norwegian smelter costs to be favorable by $70 million from the non-recurrence of carbon dioxide credit adjustments and lower energy costs. Additionally, the Company expects $15 million lower raw material costs and $15 million lower production costs."
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AA | Hot Stocks16:13 EST Alcoa reports Q4 adjusted EBITDA $29M vs. $210M in Q3 - The company states: "Adjusted EBITDA excluding special items was $29 million, a decrease from the prior quarter due primarily to lower sequential prices for aluminum and alumina, higher raw material costs, and higher production costs. Also in the fourth quarter, the Company recorded a $25 million charge to cost of goods sold to establish an asset retirement obligation (ARO) for estimates of expected work on impoundments at the Alumar refinery in Brazil. Additionally, the Norwegian government recently approved an updated budget proposal that limits carbon dioxide compensation to be paid in 2023 based on 2022 power purchased and used in production. The unfavorable sequential impact is $35 million, which includes amounts previously accrued through September 30, 2022 and the absence of any accruals for the fourth quarter 2022."
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BLPH | Hot Stocks16:13 EST Bellerophon: Last patient enrolled in INOpulse study for treatment of fILD - Bellerophon Therapeutics announced that the last patient has been enrolled in the ongoing Phase 3 REBUILD study of INOpulse , a proprietary pulsatile nitric oxide delivery system, for the treatment of fibrotic interstitial lung disease,fILD . The Company now expects to report pivotal top-line results in mid- 2023."We are pleased to have completed enrollment in this important study sooner than previously anticipated, which represents a significant milestone for Bellerophon, our INOpulse clinical development program, and the fILD patient community. Based on the earlier than expected enrollment completion, we now expect to report top-line results from REBUILD in mid-2023," said Naseem Amin, M.D., Chairman of Bellerophon's Board of Directors.
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MBSC | Hot Stocks16:12 EST M3-Brigade Acquisition III Corp. extends time to consummate initial combination - M3-Brigade Acquisition III, upon the request of its sponsor, M3-Brigade Sponsor III, has approved an extension of the period of time the company has to consummate its initial business combination by three months, from the current deadline of January 26, 2023 until April 26, 2023.The Sponsor, or its affiliates or designees will deposit an additional $1,696,500 into the company's trust account, in part from the company's working capital, for the benefit of the company's public stockholders. The company's stockholders are not entitled to vote on or redeem their shares in connection with the extension. The sponsor intends to request additional extensions of the period of time the company has to consummate its initial business combination, to the extent necessary to complete its previously announced business combination with Greenfire Resources. The charter permits a total of four three-month extensions, or until October 26, of which this is the second.
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ICFI | Hot Stocks16:10 EST ICF International awarded $161M task order - The National Institutes of Health National Cancer Institute recently awarded ICF a new $161M task order to provide digital modernization services. The task order, which was the first awarded to the company under the Center for Biomedical Informatics and Information Technology IT blanket purchase agreement, has a term of five years, including a six-month base and nine six-month options.
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CHK | Hot Stocks16:09 EST Chesapeake completes sale of initial Ford Eagle package or $1.43B - Chesapeake Energy has entered into an agreement to sell the Brazos Valley region of its Eagle Ford asset to WildFire Energy I for $1.425B. Chesapeake has agreed to sell approximately 377,000 net acres and approximately 1,350 wells in the Brazos Valley region of its Eagle Ford asset, along with related property, plant and equipment. Average net daily production from these properties was approximately 27,700 boe, 85% liquid, during 3Q22. As of December 31, 2021, net proved reserves associated with these properties were approximately 96.8 mmboe. Chesapeake expects the transaction to close in 1Q23. The company will receive $1.2B upon closing, subject to customary adjustments, with the additional $225M paid in yearly installments of $60M over the next three years and $45M in year four. Chesapeake anticipates the proceeds will be used to repay borrowings under its revolving credit facility and be available for its share repurchase program.
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KMI | Hot Stocks16:08 EST Kinder Morgan names Kim Dang as new CEO effective August 1, 2023 - The company states: "After over 20 years with Kinder Morgan, the last 8 years as CEO, Steve Kean has announced his intention to transition out of his role as CEO effective August 1, 2023. He will remain on the KMI Board of Directors. Kim Dang, currently President of Kinder Morgan, will succeed Steve as CEO, and Tom Martin, the current President of KMI's Natural Gas Group - the largest of KMI's four business segments - will become KMI President, also effective August 1, 2023. As previously announced on July 20, 2022, Sital Mody, President of the Midstream Gas Group will succeed Tom as President of the Gas Group, effective February 1, 2023. Between February 1 and August 1, Tom Martin will serve as Executive Vice President, working with the Office of the Chairman (OTC)."
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NCNO | Hot Stocks16:07 EST nCino appoints Greg Orenstein CFO - nCino announced the appointment of Greg Orenstein as nCino's CFO. Orenstein will succeed David Rudow, who will be leaving the company effective January 31. Orenstein has leadership experience at nCino, having joined the company in 2015, and most recently serving as its Chief Corporate Development & Strategy Officer. Prior to that, he served as nCino's Chief Corporate Development & Legal Officer and Secretary.
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VRE | Hot Stocks16:07 EST Veris Residential issues statement on strategic alternatives - Veris Residential issued a statement as the company's strategic transformation nears completion. Highlights of the statement include: "As a Board committed to transparency, we are sharing the status of our discussions with Kushner Companies as well as an update on other recent indications of interest we have received regarding a potential transaction. Despite the Board's and our advisors' best efforts to engage constructively with Kushner Companies"..."Kushner Companies informed us that it was not interested in proceeding at this time...due to Kushner Companies' and its stated financing partners' unwillingness to move forward (despite numerous attempts to engage while both sides were holding signature pages for delivery), we have been left with no choice other than to cease further discussions and focus our attention on the myriad current and emerging value-creative opportunities available to the company...While the Board has worked in good faith and welcomes any bona fide offers, in this instance we are left to conclude that Kushner Companies is either not serious about consummating a transaction with Veris Residential or lacks the financing to execute a transaction with certainty...Since the beginning of 2021, Veris Residential has taken meaningful steps...in pursuit of a new strategic direction focused solely on multifamily residential assets. With our exit from the office sector expected to near completion, Veris Residential has received indications of strategic interest from several institutional operators and investors...the present strategy of the Board...is to launch a strategic review process in due course...so that we may understand all potential opportunities to unlock the substantial value that has been created for our shareholders. Of course, we remain open to Kushner Companies' execution of the non-disclosure agreement, to which both parties previously agreed, to facilitate the sharing of non-public information"
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KMI | Hot Stocks16:07 EST Kinder Morgan authorizes $1B share buyback - On January 18, the Kinder Morgan board of directors approved an increase in KMI's share repurchase authorization from $2.0B to $3.0B.
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BLDE | Hot Stocks15:36 EST RedBird increases ownership position in Blade to over 5% - Blade Air Mobility and RedBird Capital Partners announced that RedBird has increased its ownership in Blade to more than 5% and that RedBird partner Andrew Lauck will become a board observer. "RedBird's founder, Gerry Cardinale, has been invested in Blade since 2016, and collectively the RedBird and Blade teams have closely collaborated as each has built out its respective aviation business. Blade's core operations in last mile air mobility, jet charter, and organ transplant flights overlap with RedBird's existing aviation portfolio, and both companies expect to be leading supporters of aviation's eventual transition towards Electric Vertical Aircraft technology. RedBird and Blade will also leverage tactical alliances across RedBird's portfolio to accelerate Blade's growth objectives across all of its business lines. RedBird's global sports and media properties provide a natural complement to Blade's urban air mobility solutions for fans attending large sports and entertainment events at congested locations," the company stated. "Gerry has developed some of the most exciting platforms in aviation, sports and entertainment and the strengthening of our partnership with RedBird will allow us to supercharge our offerings to Blade fliers in the U.S and Europe. The partnership will also allow us to build our fast-growing organ transplant flight business and source acquisitions that can benefit from our global brand, infrastructure and tech platform - ultimately accelerating our timeline to achieving profitability while enhancing our growth trajectory," said Rob Wiesenthal, Blade's CEO.
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NUZE | Hot Stocks15:19 EST NuZee trading resumes
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NUZE | Hot Stocks15:14 EST NuZee trading halted, volatility trading pause
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UNB | Hot Stocks14:58 EST Union Bankshares raises dividend 2.9% to 36c per share from prior 35c - Union Bankshares announced results for the three months and year ended December 31. Net income was $3.4M and $12.6M for the three months and year ended December 31 resulting in earnings per share of 77c and $2.81 for the same periods, respectively. The Board of Directors also declared a cash dividend of 36c per share for the quarter, an increase of 2.9% from the cash dividend of 35c paid in recent prior quarters, payable February 2 to shareholders of record as of January 28.
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ACHR | Hot Stocks14:04 EST Archer Aviation director Spellacy acquires 23,116 class A shares - In a regulatory filing last night, Archer Aviation director Michael Spellacy disclosed the purchase of 23,116 class A common shares of the company on January 13 at a price of $2.5955 per share.
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ACHR | Hot Stocks14:03 EST Archer Aviation CFO Mesler acquires 202,000 class A shares - In a regulatory filing last night, Archer Aviation CFO Mark Mesler disclosed the purchase of 20,000 class A common shares of the company on January 13 at a price of $2.6306 per share.
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ACHR | Hot Stocks14:03 EST Archer Aviation CEO Goldstein acquires 39,526 class A shares - In a regulatory filing last night, Archer Aviation CEO Adam Goldstein disclosed the purchase of 39,526 class A common shares of the company on January 12 at a price of $2.536 per share.
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ACHR | Hot Stocks14:02 EST Archer Aviation director Diaz acquires 19,322 class A shares - In a regulatory filing last night, Archer Aviation director Fred Diaz disclosed the purchase of 19,322 class A common shares of the company on January 12 at a price of $2.5876 per share.
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ACHR | Hot Stocks14:01 EST Archer Aviation rises 12.2% after CEO, CFO, director insider buys - Shares of Archer Aviation are rising in afternoon trading, paring down even higher earlier gains after CEO Adam Goldstein, CFO Mark Mesler, and three other board directors disclosed in regulatory filings last night that they had acquired additional shares of the company. In total, the five individuals purchased over 500,000 class A common shares of Archer.
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NAMS | Hot Stocks13:57 EST NAMS Stock trading resumes
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NAMS | Hot Stocks13:52 EST NAMS Stock trading halted, volatility trading pause
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CNI... | Hot Stocks13:35 EST North American rail traffic up 0.6% for the week ending January 14 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending January 14. For this week, total U.S. weekly rail traffic was 486,000 carloads and intermodal units, down 1.7% compared with the same week last year. Total carloads for the week ending January 14 were 244,171 carloads, up 4.2% compared with the same week in 2022, while U.S. weekly intermodal volume was 241,829 containers and trailers, down 7% compared to 2022. Seven of the 10 carload commodity groups posted an increase compared with the same week in 2022. They included grain, up 3,483 carloads, to 28,008; nonmetallic minerals, up 3,033 carloads, to 30,380; and motor vehicles and parts, up 2,176 carloads, to 14,562. Commodity groups that posted decreases compared with the same week in 2022 were chemicals, down 2,226 carloads, to 31,793; forest products, down 715 carloads, to 9,244; and miscellaneous carloads, down 117 carloads, to 9,580. North American rail volume for the week ending January 14,on 12 reporting U.S., Canadian and Mexican railroads totaled 350,991 carloads, up 7.5% compared with the same week last year, and 319,854 intermodal units, down 6% compared with last year. Total combined weekly rail traffic in North America was 670,845 carloads and intermodal units, up 0.6%. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP),Greenbrier (GBX), Trinity Industries (TRN), FreightCar America (RAIL), and Wabtec (WAB). Reference Link
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BLNK MMTOF | Hot Stocks13:02 EST Blink Charging announces exclusive EV charging pact with Mitsubishi Motors NA - Blink Charging (BLNK) announced it has entered into an exclusive agreement with Mitsubishi Motors North America (MMTOF) to make available Blink chargers and turnkey install services for all 323 U.S. dealerships. Blink will be supplying its MQ 200 and IQ 200 Level 2 chargers and offers Blink DC Fast Chargers to all participating Mitsubishi dealerships across North America. "We are excited to see Blink's EV charging stations deployed to Mitsubishi dealerships around the country, providing the vital infrastructure needed to charge Mitsubishi current and future line of EV models. The growth in the EV industry and the expansion of vehicles being introduced is amazing. Blink's technologically advanced EV charging infrastructure will be a critical component of the automaker's ecosystem and will play a significant role in accelerating EV mass adoption," said Brendan Jones, President of Blink Charging.
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SONY | Hot Stocks12:34 EST Sony says 'Returnal' PC port to release February 15 - Sony announced that the PC port of its 2021 PlayStation 5 exclusive title "Returnal" will release on February 15, 2023. "NVIDIA DLSS and AMD FSR have been added, allowing you to dial up your framerate without compromising on resolution," said Mikael Haveri, brand director at "Returnal" studio Housemarque, which is owned by Sony. "NVIDIA NIS has also been added for those players who also want to see an increase in performance, but don't have the hardware to support DLSS or FSR. Returnal also supports ray-traced shadows as before, but now our friends at Climax Studios have added the support for RT reflections as well. This will make the contrast of a dark setting and neon bullets pop out even more than before. All of this can be now seen in two new wide resolution formats, Ultrawide at 21:9 and Super Ultrawide 32:9. Think of all of that screen real estate that you will be able to take in when you're not in the middle of a giant boss fight." Reference Link
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RBLX | Hot Stocks12:21 EST Roblox CEO says community grew 23% in 2022 to over 56M daily users - David Baszucki, the founder and CEO of Roblox, said in a blog post on Wednesday that: "2022 was a great year for Roblox. We are optimistically driving our vision to reimagine the way people come together, and we're realizing it by enabling deeper forms of expression, communication, and immersion. The investments we are making to expand the engagement of Roblox across geographies and age groups are paying off. Our community grew by 23% this year to more than 56 million daily global users. And our users spent over 49.3 billion hours coming together to create, play, explore, learn, and connect. Today, more than half of the people on Roblox are 13 and older, demonstrating our platform's appeal to a broad range of audiences... In 2022, our community visited more than 15 million experiences on the platform, and developers and creators published more than 15,000 experiences every single day." Baszucki added that "Using natural language processing models, we've evolved our systems to not just flag prohibited language but to understand context and act accordingly. In 2022, we used these models to power automated moderation features in English, as well as in Spanish, German, Portuguese and more, and we will continue to roll them out globally in 2023... Looking ahead to 2023, I'm excited to see how creativity and invention continue to fuel growth at Roblox. At every level, we're seeing new opportunities to connect a billion people with optimism and civility." Reference Link
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NUZE | Hot Stocks12:05 EST NuZee partners with Malu on specialty single serve coffees - NuZee announces a new partnership with Malu, a specialty coffee company that creates unique blends of single-serve coffee. After months of sourcing and experiments, Malu now offers high-quality specialty coffee blends. NuZee maximizes these blends with innovative, eco-friendly, single-serve pour-over pouches.
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YMM | Hot Stocks12:00 EST Full Truck Alliance falls -11.9% - Full Truck Alliance is down -11.9%, or -$1.15 to $8.47.
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CHGG | Hot Stocks12:00 EST Chegg falls -14.9% - Chegg is down -14.9%, or -$3.65 to $20.80.
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OCFT | Hot Stocks12:00 EST OneConnect falls -16.0% - OneConnect is down -16.0%, or -$1.52 to $8.00.
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VLN | Hot Stocks12:00 EST Valens Semiconductor rises 8.6% - Valens Semiconductor is up 8.6%, or 43c to $5.42.
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KOLD | Hot Stocks12:00 EST ProShares UltraShort Bloomberg Natural Gas rises 8.9% - ProShares UltraShort Bloomberg Natural Gas is up 8.9%, or $3.36 to $41.07.
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NRGV | Hot Stocks12:00 EST Energy Vault rises 37.7% - Energy Vault is up 37.7%, or $1.34 to $4.90.
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BA | Hot Stocks11:53 EST Boeing awarded NASA sustainable flight demonstrator contract - NASA has selected Boeing and its industry team to lead the development and flight testing of a full-scale Transonic Truss-Braced Wing demonstrator airplane. The technologies demonstrated and tested as part of the Sustainable Flight Demonstrator program will inform future designs and could lead to breakthrough aerodynamics and fuel efficiency gains. NASA's funding through the SFD Space Act Agreement totals $425M. The SFD program will also leverage up to $725M in funding by Boeing and its industry partners to shape the demonstrator program and meet the resource needs required. Separately, Boeing's previous internal investments for recent phases of sustainable aviation research total $110M.
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ALTI | Hot Stocks11:52 EST Alvarium Tiedemann Holdings Inc trading resumes
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ALTI | Hot Stocks11:47 EST Alvarium Tiedemann Holdings Inc trading halted, volatility trading pause
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XXII | Hot Stocks11:44 EST 22nd Century enters distribution partnerships with Core-Mark, Eby-Brown - 22nd Century Group announced new distribution partnerships with Core-Mark International and Eby-Brown Company. 22nd Century's VLN products are now available for purchase by eligible Core-Mark and Eby-Brown customers as a part of 22nd Century Group's state and regional rollout program.These new partnerships provide nationwide distribution capabilities for VLN via 31 Core-Mark and Eby-Brown warehouses. Additionally, 22nd Century will attend 11 regional trade shows sponsored by the distributors in 2023 providing 22nd Century with the opportunity to introduce VLN to thousands of Core-Mark and Eby-Brown's independent retail and chain store operators.
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PGY | Hot Stocks11:37 EST Pagaya announces roughly 20% workforce reduction across Israel, U.S. offices - Pagaya Technologies announced a reduction in workforce of approximately 20% of employees across its Israel and U.S. offices, as compared to its headcount as of December 31, 2022. This reduction will enable the company to streamline its operations in the current market environment to achieve its near- to medium-term growth priorities, it said. "Although this was a difficult decision, we believe these changes will allow us to remain agile and growth-focused and continue to deliver strong performance," said Gal Krubiner, co-Founder and CEO of Pagaya. "I would like to express my sincere gratitude to all of the Pagayans impacted by this decision. We would not be where we are today without their dedication and hard work to advance our mission." The company anticipates the workforce reductions will result in annualized savings in compensation and benefits of approximately $30M beginning in 2023. Furthermore, the company expects to incur a one-time severance-related charge of $4M, the majority of which will be realized in the first quarter of 2023. The charges and timing of such charges described above are preliminary estimates based on the company's current expectations and are subject to a number of assumptions and risks, and actual results may differ materially from such estimates. There is no change to the company's previously announced guidance for the full-year 2022.
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INTR | Hot Stocks11:33 EST Inter&Co announces '60-30-30' long-term growth targets - Inter&Co announced at its 2023 Investor Day its "60-30-30" growth targets. Inter revealed its ambitious targets for the next five years as it continues to implement its strategy, grow its Super App, expand into new markets and leverage its comparative financial advantages. By year-end 2027, Inter expects to: Achieve strong scale, more than doubling its current client base to 60 million clients; Operate more efficiently than its peers, with a target efficiency ratio of approximately 30%; Deliver high profitability, generating more than R$5 billion in net income with a R$100 billion loan book, bringing return on equity to approximately 30% "Inter has gone beyond banking to become the premier Super App in the Americas. By balancing the right combination of technology investment with unit economic growth and profitability, we have built a suite of capabilities that are unmatched in the market," said Joao Vitor Menin, CEO of Inter&Co. "We are still in the early stages in our evolution, but our impressive results showcase how we are taking Inter to the next level. We are confident that we have the right strategy, solutions and team in place to execute on our goals and deliver sustainable growth."
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BWEN | Hot Stocks11:29 EST WM Argyle Fund nominates full slate of candidates to Broadwind board - WM Argyle Fund, which owns 207,200 of the outstanding common shares of Broadwind, announced that it has nominated six independent candidates for election to the company's Board of Directors at the 2023 Annual Meeting of Stockholders. In addition, the Fund issued a letter, which says in part: "We built this position after watching the Company underperform for many years despite its potential. Over the last six months, we have been trying to work with the Board to discuss significant performance issues that must be addressed so the Company can achieve its potential. Namely, they have not acted with urgency to make the Company profitable, are burning cash at an unsustainable rate, have diluted stockholders through equity raises, and have incurred debt to fund the cash burn. Unfortunately, they have not been willing to discuss these issues with us... From our perspective, the facts pertaining to BWEN governance, operations, performance, and strategy indicate immediate boardroom change is in stockholders' best interests. We believe a reconfigured Board can implement a new strategy for evolving BWEN from an underperforming manufacturing business to a diversified, growing, and profitable clean-tech and mission critical equipment platform We want to apply the nominees' unique track record of success in manufacturing businesses to lead a transformation of BWEN in the public market."
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LIN | Hot Stocks11:18 EST Linde shareholders approve proposal to delist from Frankfurt Stock Exchange - Linde announced its shareholders have approved the company's proposal for an intercompany reorganization that will result in the delisting of its ordinary shares from the Frankfurt Stock Exchange. Preliminary voting results indicate that at least approximately 93% of the votes cast on each of the delisting proposals were cast in favor at the Court Meeting and the Extraordinary General Meeting of Shareholders held today. The total number of votes cast represented approximately 78% of total Linde plc shares outstanding. Following the completion of legal and regulatory approvals, Linde anticipates that the intercompany reorganization and delisting process will be completed, and its ordinary shares will be delisted from the Frankfurt Stock Exchange, on or about March 1, 2023. In connection with the closing of the intercompany reorganization, Linde shareholders will automatically receive one share of the new holding company, to be listed on the New York Stock Exchange in exchange for each share of Linde plc they own. The new holding company will also be named "Linde plc" and will trade under the existing ticker "LIN".
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LUV | Hot Stocks11:17 EST Southwest Airlines Pilot Association calls for Strike Authorization Vote - Southwest Airlines Pilot Association President President Captain Casey Murray issued a call for a Strike Authorization Vote from the Association's membership. The association said, "This historic action on the part of the pilot union comes in the wake of Southwest's largest meltdown and the utter lack of meaningful progress on a contract negotiation, with scheduling work rules and information technology asks in particular, that has been ongoing for more than three years." Captain Murray stated, "While your Board of Directors and Executive Officers have had many strategic discussions on timing, I think it is best to consider what our customers have been through over the past several years and the past several weeks. It was the lack of discussion or commitment by our leadership team to rectify these issues for our passengers and our pilots that drove us to make the decision to carry forward on this path afforded to us by the Railway Labor Act." The vote will take place beginning on May 1 and will ultimately give the pilots the ability to strike once released to self-help. The vote will be counted at the end of May. Murray stated, "It is not a decision we have taken lightly, but given the trajectory of our current leadership group, we have little faith in the stability and future of our airline." Reference Link
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UAL | Hot Stocks11:05 EST United: Booked revenue for second half of Feb., March 30%-40% above 2019
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HOG | Hot Stocks11:04 EST Harley-Davidson reveals anniversary models plus four new motorcycles for 2023 - Harley-Davidson announced the introduction of the first release of new models in the 2023 Harley-Davidson motorcycle lineup, including the CVO Road Glide Limited Anniversary model and six additional limited-edition motorcycles featuring exclusive 120th Anniversary commemorative paint, finishes and details. "The 2023 offering from the world's most desirable motorcycle brand includes a refreshed Harley-Davidson Breakout performance cruiser model, the exciting Road Glide 3 trike model, the new Nightster Special middleweight sport motorcycle, and a restyled and blacked-out Freewheeler trike model," the company stated. Jochen Zeitz, Chairman, President and CEO of Harley-Davidson, said: "We're excited to share the first release of 2023 Harley-Davidson motorcycles, with more to come later in the year. 2023 is going to be an unforgettable milestone for the Company, celebrating the history, culture and community of Harley-Davidson - we hope you can join us."
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UAL... | Hot Stocks11:04 EST United sees taking delivery of 92 737 Maxs, 2 787s, 4 A321Neos in 2023
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KSCP | Hot Stocks11:03 EST Knightscope announces contract renewals with seven clients - Knightscope announced seven key clients have renewed their contracts for another year. The renewal agreements include clients from a variety of industries, including a hospital, hotel, bank, commercial property developer, mass media company, and two residential communities
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UAL | Hot Stocks10:58 EST United Airlines sees 'positive' adjusted free cash flow for 2023
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UAL | Hot Stocks10:57 EST United Airlines 'bullish' about global long haul
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UAL | Hot Stocks10:43 EST United CEO: 'You can't run your airline like it's 2019 or you will fail'
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UAL | Hot Stocks10:41 EST United Airlines CEO: 'You can't run airlines like it's 2019'
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UAL | Hot Stocks10:40 EST United Airlines CEO: What happened over holidays 'wasn't one-time event' - "We need 10% more pilots and 5% more aircraft just to produce the same number of ASMs" as before the pandemic, says CEO Scott Kirby.
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UAL | Hot Stocks10:36 EST United Airlines CEO: Pilot shortage 'one of multiple constraints' - Pilots will remain a significant constraint on capacity, CEO Scott Kirby said.
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UAL | Hot Stocks10:34 EST United Airlines CEO: Ample evidence of structural changes in the industry - Comments taken from Q4 earnings conference call.
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CCL CUK | Hot Stocks10:33 EST Carnival expands next-generation wi-fi connectivity with SpaceX's Starlink - Carnival Cannounced an agreement for the next-generation of internet connectivity across its global fleet, the latest in a series of moves that have nearly tripled ship bandwidth since 2019. The company has signed a new agreement with SpaceX's Starlink to provide faster service, greater capacity and more reliable Wi-Fi on a global scale, the company said in a statement. Fleet roll-out of Starlink began in December 2022 with Carnival Cruise Line and AIDA Cruises ships, with plans to expand Starlink to several of the company's othercruise brands, which include Princess Cruises, Holland America Line, Seabourn, P&O Cruises, Costa Cruises, P&O Cruises and Cunard.
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TDOC | Hot Stocks10:28 EST Teladoc cuts 6% of workforce in restructuring - In a regulatory filing earlier, Teladoc Health disclosed that on January 18 the company announced a restructuring plan intended to reduce operating costs. In addition, the company underwent certain other cost-saving actions taken during the latter part of the fourth quarter of 2022. The combination of these actions results in a reduction of the company's workforce of approximately 6%, and office space reductions within certain markets. "The fourth quarter actions did not have a material impact on 2022 financial operating results. Decisions regarding the elimination of positions are subject to local law and consultation requirements in certain countries, as well as the company's business needs. In conjunction with earlier cost-saving actions, the company incurred approximately $4.4M in pre-tax charges in the fourth quarter of 2022, consisting of approximately $2M in costs related to employee transition, severance payments, employee benefits, and related costs, and approximately $2.4M in exit costs associated with the office space reductions. In connection with the restructuring plan, the company expects to incur approximately $17M in pre-tax charges in 2023, consisting of approximately $9M substantially related to employee transition, severance payments, employee benefits, and related costs expected to be realized in the first quarter of 2023, and approximately $8M of exit costs associated with office space reductions expected to occur by the second quarter of 2023. Of the aggregate amount of pre-tax charges that the company estimates it will incur in 2023, approximately $10M are expected to result in future cash expenditures related to the workforce reductions. In addition to these charges, the company expects a reduction in stock-based compensation of approximately $6M in the first quarter of 2023 associated with forfeited stock awards," the filing stated.
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RBA IAA | Hot Stocks10:22 EST Luxor Capital plans to solicit proxies against Ritchie Bros. merger with IAA - Luxor Capital Group, as the manager of funds owning 4.2M shares of Ritchie Bros. Auctioneers (RBA), representing approximately 3.6% of the Company's outstanding shares, announced that it has filed a preliminary proxy statement with the Securities and Exchange Commission in connection with its opposition to proposals to be presented at the upcoming special meeting of RBA shareholders relating to RBA's proposed merger with IAA, Inc. (IAA). At the Special Meeting, Luxor intends to vote AGAINST the proposal to approve the issuance of RBA common shares to IAA stockholders in connection with the IAA Merger and AGAINST the proposal to adjourn the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes to approve the share issuance proposal. Luxor said, "The preliminary proxy statement details Luxor's serious concerns with the proposed merger between RBA and IAA, including Luxor's belief that: Completion of the IAA Merger risks the permanent destruction of over $1.8B of shareholder value. RBA's shares are dramatically undervalued and should not be used as an acquisition currency at this time. The IAA Merger would severely erode RBA's business quality and lacks compelling industrial logic. IAA is a highly challenged business that is structurally disadvantaged to its primary competitor and rapidly losing market share. IAA will require a capital intensive, lengthy and highly uncertain turnaround to put a halt to its continuing loss of customers, declining service levels and rapidly deteriorating earnings. RBA's standalone businesses offer a clear path for the Company to continue compounding its EBITDA by ~20% per year on an organic basis. Given its growth profile and business quality, on a standalone basis, we believe that RBA's shares are worth over 100% more than current trading levels. The IAA Merger will dilute RBA shareholders with the issuance of ~70% more shares while substantially and permanently lowering the combined Company's trading multiple and EBITDA growth rate. Post-merger integration and operations will inevitably require RBA to shift management attention and critical resources to IAA's structurally challenged business. This will take the Company's focus away from numerous operational initiatives at RBA that are poised to generate additional upside for RBA shareholders without dilution or commensurate risk."
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HKD | Hot Stocks10:20 EST AMTD Digital Inc - ADR trading resumes
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HKD | Hot Stocks10:15 EST AMTD Digital Inc - ADR trading halted, volatility trading pause
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CPB | Hot Stocks10:11 EST Campbell Soup: No commercial roles being eliminated related to office closings
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CPB | Hot Stocks10:11 EST Campbell Soup to consolidate snacks offices, invest $50M in Camden headquarters - Campbell Soup announced plans to consolidate its Snacks offices in Charlotte, N.C. and Norwalk, Conn. into its headquarters in Camden. Over the next three years, the company plans to invest approximately $50M to enhance its Camden facilities to accommodate more than 1,600 employees that will now be located on its renovated campus, the company said in a statement. The company expects to realize cost savings from consolidating the buildings beginning in fiscal year 2024 and reach $10M in annual cost savings by fiscal year 2026. The savings will be partially reinvested in the business and are included in the company's plan to increase margins in the Snacks division. No commercial roles are being eliminated related to the closing of the Charlotte and Norwalk office buildings. The company will provide eligible employees with comprehensive relocation support. "We are thrilled to invest in our people, our facilities and our Camden community, which Campbell has called home for more than 150 years," said Campbell's President and CEO Mark Clouse. "We remain committed to our two-division operating model and are confident that being together in one headquarters is the best way for us to continue building a culture that unlocks our full growth potential. This investment will ensure Campbell remains a great place to work and a compelling destination for top talent."
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AAPL | Hot Stocks10:10 EST Apple announces HomePod 2nd generation, available February 3 - Apple announced HomePod 2nd generation, which it calls "a powerful smart speaker that delivers next-level acoustics in a gorgeous, iconic design." The new HomePod is available to order online and in the Apple Store app for $299 U.S. starting today, with availability beginning Friday, February 3. Reference Link
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CPB | Hot Stocks10:10 EST Campbell Soup to consolidate snacks offices, invest $50M in Camden headquarters
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DAL EADSY | Hot Stocks10:09 EST Delta Air Lines executes options for 12 new Airbus A220-300 aircraft - Delta Air Lines (DAL) said in a statement that it will continue refreshing its fuel-efficient, state-of-the-art fleet after executing options for 12 new Airbus (EADSY) A220-300 aircraft. Slated for delivery in 2026 and 2027, the expansion of Delta's A220 family is "an important step towards the airline's ongoing efforts on fleet simplification, while investing in more sustainable aircraft that provide a best-in-class customer experience," the airliner said. "These 12 additional A220 aircraft will help power our increasingly streamlined fleet while also providing our customers with the elevated in-flight experience they've come to expect from Delta," said Kristen Bojko, Vice President of Fleet. Powered by Pratt and Whitney's latest-generation geared turbofan GTF engines, the A220 offers 25% better fuel efficiency than retiring aircraft in its class. Delta currently has 14 A220-300s in service and 60 on order, including the 12 options exercised on Wednesday. In addition, Delta currently operates a fleet of 45 109-seat A220-100 aircraft. Delta took delivery of its first Airbus A220 in October 2018 and was the first U.S. carrier to operate the aircraft type. Reference Link
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LGF.A | Hot Stocks10:03 EST Lionsgate selects Ateliere Connect platform to help manage, distribute content - Ateliere Creative Technologies announced that Lionsgate has selected the company's cloud-native Ateliere Connect platform to help manage and distribute its 17,000-plus film and TV title library. Ateliere Connect will also integrate with Lionsgate's new and existing solutions providers across the studio's supply chain, leveraging Amazon Web Services, or AWS, the company said. "Ateliere Connect will play an invaluable role in helping us migrate our distribution assets into the cloud and effectively transform our operational workflows by taking advantage of the efficiencies of a cloud ecosystem. This will enhance how we manage and monetize our company's valuable library content. Ateliere offers cutting-edge technology that has proven to be extremely valuable in today's fast-changing and competitive media landscape and will maximize flexibility to navigate quickly in working with both our servicing partners and customers," said Akin Ceylan, COO of Home Entertainment and Global Content Distribution Operations, Lionsgate.
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IZEA | Hot Stocks10:03 EST IZEA launches IZEA Flex influencer marketing platform - IZEA Worldwide announced it has launched IZEA Flex, its next-generation, comprehensive influencer marketing platform built for brands and agencies of all sizes. First announced during IZEA's "SUPERCHANGED" streaming event, IZEA Flex is a data-centric suite of marketing tools that allow users to track, customize and export relevant data, from creator profiles to campaign metrics. The tools in IZEA Flex are powerful on their own, but when tied together, empower marketers to manage and optimize influencer marketing campaigns and strategies at an enterprise level.
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CMCSA | Hot Stocks10:01 EST Sonoma County Fairgrounds selects Comcast Business for connectivity - Comcast Business announced that it has teamed with Celona Inc. to provide Sonoma County Fairgrounds with an advanced private wireless network solution to enhance the fair experience and help improve back-of-house operations across the fairgrounds.
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GB | Hot Stocks10:00 EST Global Blue falls -6.4% - Global Blue is down -6.4%, or -35c to $5.12.
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OCFT | Hot Stocks10:00 EST OneConnect falls -6.7% - OneConnect is down -6.7%, or -64c to $8.88.
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CHGG | Hot Stocks10:00 EST Chegg falls -10.5% - Chegg is down -10.5%, or -$2.58 to $21.86.
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KOLD | Hot Stocks10:00 EST ProShares UltraShort Bloomberg Natural Gas rises 9.4% - ProShares UltraShort Bloomberg Natural Gas is up 9.4%, or $3.55 to $41.26.
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ACHR | Hot Stocks10:00 EST Archer Aviation rises 19.7% - Archer Aviation is up 19.7%, or 51c to $3.09.
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NRGV | Hot Stocks10:00 EST Energy Vault rises 30.9% - Energy Vault is up 30.9%, or $1.10 to $4.66.
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WE | Hot Stocks09:48 EST WeWork, Captivate enter strategic partnership for digital content, advertising - Captivate announced its strategic partnership with WeWork to transform existing digital screens in WeWork lobbies, elevator banks and communal workspaces to display the Captivate on-screen content experience. "WeWork Powered by Captivate" will give advertisers access to high-value, modern professionals who make both business and personal purchase decisions.
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CHGG | Hot Stocks09:47 EST Chegg falls -6.4% - Chegg is down -6.4%, or -$1.56 to $22.88.
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GB | Hot Stocks09:47 EST Global Blue falls -6.4% - Global Blue is down -6.4%, or -35c to $5.12.
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YMM | Hot Stocks09:47 EST Full Truck Alliance falls -6.9% - Full Truck Alliance is down -6.9%, or -67c to $8.96.
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EDU | Hot Stocks09:47 EST New Oriental Education rises 7.6% - New Oriental Education is up 7.6%, or $2.85 to $40.38.
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KOLD | Hot Stocks09:47 EST ProShares UltraShort Bloomberg Natural Gas rises 9.8% - ProShares UltraShort Bloomberg Natural Gas is up 9.8%, or $3.70 to $41.41.
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NRGV | Hot Stocks09:47 EST Energy Vault rises 16.0% - Energy Vault is up 16.0%, or 57c to $4.13.
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MSFT | Hot Stocks09:40 EST Microsoft confirms workforce reductions of approximately 10,000 employees - In a regulatory filing, the company said, "On January 18, 2023, Microsoft Corporation announced to its employees a series of actions it is taking in response to macroeconomic conditions and changing customer priorities. These actions include workforce reductions of approximately 10,000 employees by the end of the third fiscal quarter of 2023, changes to our hardware portfolio, and lease consolidation to create higher density across our workspaces. Collectively these actions will result in a charge of $1.2 billion in the second quarter of our 2023 fiscal year, representing a $0.12 negative impact to diluted earnings per share."
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HCM AZN | Hot Stocks09:36 EST Hutchmed announces inclusion of ORPATHYS in China's NRDL - HUTCHMED (HCM) announces, following negotiations with the China National Healthcare Security Administration, ORPATHYS has been included in the updated National Reimbursement Drug List for the treatment of locally advanced or metastatic non-small cell lung cancer adult patients with MET exon 14-skipping alterations who have progressed after or unable to tolerate platinum-based chemotherapy. The updated NRDL will take effect from March 1, 2023. Savolitinib, marketed in China under the brand name ORPATHYS, is an oral, potent and highly selective MET tyrosine kinase inhibitor jointly developed by AstraZeneca (AZN) and HUTCHMED with HUTCHMED taking the lead in China, and commercialized by AstraZeneca worldwide.
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GNUS | Hot Stocks09:33 EST Genius Brands launches Genius Music division - Genius Brands International announced the formation of a new division, Genius Music, focused on developing and monetizing its broad music publishing rights with emerging opportunities throughout the worldwide network of streaming platforms and existing broadcast outlets. Genius Brands has appointed veteran music executive and creative artist, Juan Carlos "JC" Quintero, as Head of Genius Music, to drive the new business venture. Under Quintero's leadership, Genius Music will create multiple revenue streaming opportunities through production and distribution of music soundtracks for its extensive portfolio of IP across Genius Brands and its affiliates Canada's WOW! Unlimited Media and Germany's Your Family Entertainment. Genius Music is launching a model comprised of a production music library of over 8,000 original premium production tracks, specifically designed and produced for content creators on Genius Brands' Frederator Network. In addition, new production music assets are being developed for "Shaq's Garage," set to debut this year, including 1,800 minutes of original music.
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PNC | Hot Stocks09:29 EST PNC Financial expects to continue share repurchases at 'reduced rate' vs. 2022
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EZFL | Hot Stocks09:22 EST EzFill expands Tampa operations to residential and marinas - EzFill Holdings announced that it is expanding its operations in the Tampa Bay area to include mobile fuel delivery for vehicles and boats at residential homes and marinas in certain locations.Tampa Bay is Florida's largest open water estuary, extending over 400 square miles and forming coastlines of Hillsborough, Manatee and Pinellas counties. The area includes a population of almost 3.2 million people - over two times the population of Miami. EzFill began fleet fueling services for Tampa in August 2022 and now provides mobile fueling for over 100 fleets in five locations throughout Florida. Mike McConnell, EzFill Chief Executive Officer, commented, "We're extremely excited to expand our Tampa service offering to include residential and marinas. Our service is designed for ease of use and efficiency. Residential customers will be able to place an order through the EzFill app, where they can also check prices and availability. Tampa is among the fastest growing cities in the country and is a city where many residents drive to work in their own cars. We believe that the addition of residential and marine services in Tampa will provide EzFill the opportunity to maximize growth in all three verticals: fleet, marine and consumer."
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FATP | Hot Stocks09:21 EST Fat Projects confirms funding to extend period to consummate combination - Fat Projects Acquisition announced the deposit of an aggregate of $312,899.94 into the Company's trust account, which came from cash on hand of the Company and from proceeds of loans from shareholders of the Company's Sponsor and other designees of the Company who received non-interest bearing, unsecured promissory notes in consideration for the loans and which enables the Company to extend the period of time it has to consummate its initial business combination by one month from January 15, 2023 to February 15, 2023. The Extension is the first of up to six one-month extensions permitted under the Company's governing documents. The Extension provides the Company with additional time to complete its initial business combination with Avanseus Holdings Pte. Ltd., a Singapore private company limited by shares. As previously reported, FATP and Avanseus entered into a Business Combination Agreement dated August 26, 2022, as amended by a First Amendment to Business Combination Agreement dated October 3, 2022, that provides for a series of transactions, pursuant to which, among other things, Avanseus' shareholders will exchange all of their outstanding Avanseus shares in consideration for newly issued FATP Class A Ordinary Shares, subject to the conditions set forth in the Business Combination Agreement, with Avanseus thereby becoming a wholly owned subsidiary of FATP. In connection with the Business Combination, FATP will change its corporate name to "Avanseus Holdings Corporation". The Charter Amendment and Trust Agreement Amendment and the first extension described above will provide FATP and Avanseus with additional time to complete the Business Combination.
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CCL DNB | Hot Stocks09:20 EST Carnival announces Richard Glasier will not stand for re-election - Carnival Corporation & plc (CCL) announced that Richard J. Glasier has decided he will not stand for re-election to the Boards of Directors of Carnival Corporation and Carnival plc at the 2023 Annual Meetings of Shareholders in April 2023. Glasier has served as independent director on the companies' Boards since 2004. Glasier's decision follows the previously announced addition to the Boards of new member Sara Mathew, retired Chair, President, and CEO of Dun & Bradstreet (DNB), and the retirements of long-time Board member and former President and CEO Arnold Donald and Board member Sir John Parker. With today's announcement, Carnival Corporation & plc's Boards will be comprised of eleven members as of April, nine of whom are independent directors, four of whom are female and one of whom is ethnically diverse.
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HEPA | Hot Stocks09:19 EST Hepion announces results from preclinical studies of rencofilstat - Hepion Pharmaceuticals announced results of preclinical studies examining rencofilstat as a potential therapeutic for multiple myeloma. Rencofilstat exerted anti-cancer activity across a large panel of MM cell lines, and most potently, in combination with bortezomib, a proteosome inhibitor and first-line treatment for MM. These results strengthen Hepion's oncology initiatives and further support rencofilstat's poly-indication potential. The combination of rencofilstat and bortezomib produced 100% cytotoxicity in cell culture experiments across all 16 MM cell lines, including three lines that are characterized as bortezomib-resistant. The cytotoxic activity of rencofilstat plus bortezomib was synergistic in every cell line, showing greater cytotoxicity in combination than the sum of the two drugs individually. Rencofilstat administered individually resulted in reduced cell numbers in most cell lines, and the suppressive effect of rencofilstat correlated to reduced gene expression levels of cyclophilins A and D, two of the known targets of rencofilstat. Most of the experiments were performed by Diag2Tec, a contract research organization with expertise in MM. These results were consistent with an independent study that reported that cyclophilin A inhibition should be considered as a therapeutic strategy for resistant MM.1 They were also similar to recent studies showing that a combination of rencofilstat and another proteosome inhibitor, ixazomib, synergistically killed prostate cancer cells. Together, they provide strong rationale for considering a rencofilstat-proteosome inhibitor combination for clinical investigation in MM or other cancers.
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AGRI | Hot Stocks09:19 EST AgriFORCE in nutrition/safety MOU with Barbados to address Caribbean food issues - AgriFORCE Growing System announced a collaboration with the government of Barbados. As a first step, AgriFORCE and Delphy Groep plan to conduct a feasibility and technical study by the summer of 2023 related to the development of controlled environment agriculture facilities CEA for fruits and vegetables. These facilities are intended to supply schools, hospitals, government offices and institutions, as well as retail and food service establishments on the island and for export to other Caribbean markets. These planned facilities would be in addition to the Company's previously announced agreement to deploy its proprietary FORCEGH+ facility and IP in Barbados.The feasibility and technical study is intended to define the crops and overall regional demand, facility specifications and land requirements for the supply of these crops to the Barbados market and for export in the Caribbean region. It is expected the feasibility study would be completed in approximately 120 days. At the study's conclusion, the involved parties anticipate entering into a definitive agreement related to the building of the facilities, offtake determinations for a portion of the production, and other key considerations.
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CNHI | Hot Stocks09:18 EST CNH Industrial takes minority stake in EarthOptics, terms not disclosed - CNH Industrial announces a minority investment in the US-based ag tech company EarthOptics through its Ventures arm. EarthOptics' proprietary sensor technology precisely measures the health and structure of soil through a combination of ground-based sensors, satellites, physical soil samples, machine learning models and agronomic expertise. By providing such a wide range of soil data, this technology enables farmers to better manage their land and enhance its value. Insights can help them drive multiple improvements from increasing crop yield to reducing fertilizer application, and assessing their farm's carbon impact, to name a few key areas. This funding - part of EarthOptics' Series B investment round - will help to further build out their sensor suite's hyper-accuracy capabilities to boost acreage growth and bring greater savings. It will also allow the company to scale cooperation with service providers for data insights. CNH Industrial will begin a pilot testing phase of EarthOptics' soil sensing technology through our Case IH brand in 2023. Commercial plans will be the subject of future announcements. The goal of this technology is to accelerate our work in tillage automation and provide greater agronomic insights for customers.
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PNC | Hot Stocks09:17 EST PNC Financial says well capitalized with flexibility - Expects "mild recession" in 2023. Sees Fed raising rates early in year, pausing until December, then cutting thereafter. Sees FY23 NII up 11%-13%. Expects "solid operating leverage" in 2023.
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GRIL | Hot Stocks09:17 EST Pokemoto opens two new locations in Connecticut - Pokemoto announced that it has opened two new locations in Connecticut, the market of origin for the brand. Berlin, Connecticut and Guilford, Connecticut both recently opened bringing the number of Pokemoto locations in Connecticut to 18. With these two Connecticut openings, Pokemoto now has 29 currently open locations and an additional 45 franchise locations sold but not yet opened covering 16 states.
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PAYO WBS | Hot Stocks09:16 EST Payoneer appoints Ordonez as deputy CFO - Payoneer Global (PAYO) announced the appointment of Bea Ordonez as the Company's Deputy Chief Financial Officer, effective January 16, 2023. Michael Levine, Payoneer's current CFO, will step down from his position in March 2023 at which time it is our expectation that the Board of Directors of the Company will appoint Ordonez as CFO, and she would report to Co-CEO John Caplan. Ordonez most recently served as the Chief Innovation Officer at Webster Bank (WBS).
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RVLV | Hot Stocks09:15 EST REV Fire Group partners with Daytona International Speedway - REV Fire Group, which includes REV Group manufacturers of E-ONE, KME, Ferrara, Spartan Fire Chassis, Spartan Emergency Response, Smeal, and Ladder Tower fire apparatus brands, announces its all-electric Vector fire truck is one of four REV Fire pumpers that will be part of the firefighting fleet used at Daytona International Speedway in 2023. The zero emission and zero greenhouse gas Vector fire apparatus aligns with Daytona International Speedway sustainability initiatives, including a project to plant more than 100 trees within view of the track's grandstands in April 2022. Similar initiatives championed by NASCAR and its partners include a blended biofuel, in-venue recycling efforts, and the recycling of racing oils and race-used tires. "We are excited to provide the all-electric Vector for our Florida neighbor, Daytona International Speedway, to protect its employees, NASCAR drivers and the many fans and spectators who attend "The Great American Race" and other events," said Mike Virnig, Vice President of the REV Fire Group, which is headquartered in Ocala, Fla. "Vector also protects the environment, making this a perfect collaboration with DIS and NASCAR and their many green initiatives designed to reduce the track and sport's carbon footprint and promote sustainability."
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BLIN | Hot Stocks09:14 EST Bridgeline Digital announces new partnership with website builder Duda - Bridgeline Digital is announcing a new partnership with Duda, the professional website builder for digital marketing agencies and web professionals. Bridgeline's WooRank SEO app will now be accessible for more than 1M published sites, built on Duda's platform by over 20,000 agencies and Web experts. As the number one platform for Core Web Vitals performance, Duda is known for empowering agencies and SaaS companies to create and manage their customers' digital presence. WooRank, built for digital marketing agencies by Bridgeline Digital, allows users to track and optimize technical SEO performance, content marketing, and social media presence..."We are excited to partner with WooRank to bring their powerful SEO tools to our users," said Russell Jeffery, Director of Ecosystem and Product Strategy at Duda. "As agencies look to build more websites faster, WooRank helps them ensure those websites will rank high on search results. The integration of WooRank into the Duda platform is a major step forward, and we are thrilled to be working with them." "Bridgeline is excited to be able to partner with Duda and is dedicated to providing an enterprise-level SEO solution that strengthens its platform adoption," says Jeremy LaDuque, VP of Product Marketing at Bridgeline. "We look forward to seeing how WooRank will drive growth to Duda's platform and further its users' revenue strategies."
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NWVCF | Hot Stocks09:13 EST EnWave signs commercial license with Canadian cannabis company - EnWave signed a royalty-bearing commercial license agreement with an undisclosed, major Canadian cannabis company. Pursuant to the License Agreement, the Cannabis Partner has been granted the non-exclusive right to use EnWave's proprietary Radiant Energy Vacuum dehydration technology to produce cannabis products in Canada. The Cannabis Partner has also acquired a 120kW REV machine, which it intends to use for the production of premium smokeable flower, cannabis plant material destined for extraction and several edible products. EnWave will hopefully install and commission this machine at the Cannabis Partner's facility in a shorter time period than normal, as the Machinery has been fully fabricated and is ready for deployment. The Machinery was purchased back from a U.S. cannabis licensee of EnWave whom satisfied all payment obligations, but never took possession of the equipment due to operational challenges. The amount paid to acquire the machinery from the U.S. cannabis licensee for re-sale allows for EnWave to realize a margin comparable to the margin that would be recognized from the manufacture and sale of a new 120kW REV machine. Concurrent with the buyback of the Machinery, the U.S. cannabis licensee and EnWave mutually agreed to terminate the license agreement held between the two entities.
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CMTL | Hot Stocks09:12 EST Comtech unveils new corporate logo, brand identity - Comtech is releasing a new logo and brand identity that align with the company's customer-centric focus and commitment to accelerating the global technology trajectories that will connect the unconnected, bridge the digital divide, and empower people by providing access to data and insight in new and unprecedented ways. "Our global communications infrastructure is at the cusp of enormous change and Comtech is leading the way in the democratization of communications access for all, and we are doing it through radical change, starting with our new mission and vision," said Ken Peterman, President and Chief Executive Officer. "Our new logo and brand represent Comtech's move into its next chapter as a company and our unique ability to identify and deliver the technologies and services that will be needed to connect the unconnected, address our customers toughest challenges, and set new ideas free."
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VRSK | Hot Stocks09:12 EST Verisk Analytics announces Hail Impact Energy, Tornado Probability solutions - Insurance professionals can now get highly detailed, real-time data about the impact of hail and tornadoes with Verisk's latest weather enhancements, Hail Impact Energy and Tornado Probability. Hail Impact Energy estimates the total energy of hail when it hits a surface and incorporates Verisk's existing Respond hail products that account for hail size, duration, and probable severity. Tornado Probability provides a highly granular first look at where tornadoes likely hit by leveraging horizontal and vertical radar pulses. Both products are updated every 5 - 10 minutes.
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BRDG | Hot Stocks09:11 EST Bridge Net Lease acquires manufacturing, distribution asset in Florida - Bridge Net Lease, subsidiary of Bridge Investment Group, announced that it has acquired a Class-A manufacturing and distribution asset located in the Port St. Lucie submarket of South Florida, totaling 411,852 square feet. The asset is 100% leased on a long-term net lease to TAMCO, a division of City Electric Supply Company, one of the largest electric supply wholesalers in the US. "The acquisition of this asset continues our differentiated investment strategy of acquiring mission critical assets in domestic primary and logistically connected prime growth markets leased on a long-term basis to creditworthy tenants. The asset is an excellent addition to our portfolio increasing our weighted average lease term and weighted average unlevered entry cap rate while increasing our investment base in fundamentally strong growth markets in the Southeastern US" said Brandon Flickinger, Co-Chief Investment Officer of Bridge Net Lease.
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VRE | Hot Stocks09:11 EST Veris Residential forms strategic partnership with the MIT - Veris Residential announced that it has formed a strategic partnership with Massachusetts Institute of Technology's, or MIT) Center for Real Estate, one of the world's foremost institutes for the study of real estate and technology. As a Strategic Partner, Veris Residential will work closely with MIT/CRE to research, develop, and implement innovative solutions for advancing and optimizing multifamily real estate operations. In addition, Veris Residential today formally announced the launch of The Veris Innovation Lab. The Lab, which was established in summer 2022, will work closely with MIT/CRE's worldwide network of alumni, researchers, affiliates, and industry partners to study real-world challenges in multifamily real estate and aim to devise novel solutions that can be adopted by multifamily owners, operators, and developers.
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ZFOX | Hot Stocks09:11 EST ZeroFox to participate in webinar on executive protection - ZeroFox will participate in a webinar through the SANS Institute about the importance of executive protection on Jan. 24, 2023 at 1 p.m. EST. AJ Nash, ZeroFox's VP & Distinguished Fellow of Intelligence, will speak alongside Jeff Daisley, Senior Security Intelligence Engineer at Comcast and former lead analyst at the U.S. Secret Service. The webinar is free to attend and will address the growing external attack surface and threats to high profile individuals; the benefits of an executive protection program; and best practices to create an effective executive protection strategy. Targeted cyberattacks on executives are on the rise, and exposed PII for sale puts executives and organizations at an increased risk of spear phishing, ransomware, and social engineering. The cost of not taking executive protection seriously can be detrimental to a company's bottom line.
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GVP | Hot Stocks09:09 EST GSE Systems awarded new contract by US Government engineering laboratories - GSE Solutions announced a new contract for the expansion of specialized support services to two US Government engineering laboratories dedicated to the support of the US Navy. GSE will continue to serve as a subcontractor to a large global engineering, construction, and project management firm that has the master contract for managing the labs. GSE will provide Engineering services that include simulation engineers and test specialists to support simulation-based training systems. The contract was awarded in January, and the initial year of the contract is worth $5.47M, which will go into the backlog and take effect on February 1. The contract includes additional options for the subsequent four years that, if exercised, would bring the total value to approximately $28.3M over five years. GSE has been under a series of service contracts with these laboratories for 21 years and has been tasked to build and test training systems used across a number of government locations in support of the US Navy.
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KFY | Hot Stocks09:09 EST Korn Ferry enters definitive agreement to acquire Salo - Korn Ferry announced that it has previously entered into a definitive agreement to acquire Salo. The transaction, which is subject to customary closing conditions, is expected to close on February 1, 2023. Through the acquisition of Salo, Korn Ferry will further broaden its ability to deliver to organizations experienced professionals, who will take on impactful roles on an interim or project basis, particularly in the high-demand areas of finance, accounting and HR. "Salo will be a great fit, with highly relevant interim professional offerings and expertise that speak to today's world of work - a new workscape in which more than one-third of the U.S. workforce alone considers themselves to be independent," said Gary Burnison, CEO, Korn Ferry. "The Salo acquisition reflects our continued focus on high-demand areas emerging in this environment, as we scale our solutions at the intersection of talent and strategy."
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EVR | Hot Stocks09:09 EST Correct: Evercore price target not changed at Needham
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CTM | Hot Stocks09:09 EST Castellum signs non-binding LOI for East Coast government contractor - Castellum announces that it has signed a non-binding letter of intent to acquire an East Coast based government contractor which focuses on cybersecurity, data analysis, and other IT services for federal civilian agencies. Subject to customary due diligence and the execution of a definitive purchase agreement, Castellum expects to close the transaction within the next 90 days. The potential acquisition, when combined with Castellum's other, previously announced, pending non-binding LOI is expected to boost Castellum to over a $60M annualized revenue run-rate versus a current $44M run-rate based on announced Q3 2022 results. "We are pleased to announce the execution of another LOI to extend our buy-and-build strategy," said Mark Fuller, President and CEO of Castellum. "This additional work in Federal Civilian agencies, will further broaden Castellum's customer base, while adding new capabilities and leveraging past performance enjoyed by our Department of Defense customers with whom we have strong and growing relationships. We also are talking with other companies that have business with DoD and Federal Civilian agencies, about potential acquisition as we are working to double our top line run rate in 2023."
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BECN | Hot Stocks09:09 EST Beacon adds locations to support more Texas contractors - Beacon announced that it has opened greenfield locations in Baytown and suburban Forth Worth, Texas. The Baytown branch extends service in the greater Houston market, reaching across Harris and Chambers counties and the Galveston Bay region. The branch on Fort Worth's western side is at the busy crossroads of Highways 820 and 30. "These new branch locations were chosen specifically to support our customer contractors who work near the major Fort Worth and Houston markets. Both new branches are stocked with leading brands of residential and commercial roofing and complementary products, including Beacon's own TRI-BUILT products," commented Peter Lippert, Beacon's Regional Vice President, Texas. "We are pleased to expand Beacon's service in Texas, where we now have 34 branches across the state and offer online business tools like our leading digital platform, Beacon PRO+."
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MASI PHG | Hot Stocks09:08 EST Masimo, Philips expands partnership to improve telehealth for patients - Masimo (MASI) and Royal Philips (PHG) announced an expansion of their partnership to augment patient monitoring capabilities in home telehealth applications with the Masimo W1 advanced health tracking watch. The W1 will integrate with Philips's enterprise patient monitoring ecosystem to advance the forefront of telemonitoring and telehealth. The combined innovation, which draws upon the two global medical technology leaders' extensive expertise in monitoring, connectivity, and automation, will be highlighted later this month at Arab Health 2023. Bilal Muhsin, Chief Operating Officer of Masimo Healthcare, said, "Expanding our partnership with Philips in this way is a win-win for patients and clinicians everywhere, and is an important part of our multi-year plan to bring the best of hospital monitoring to the home while continuing to improve access to quality hospital care."
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UPXI AMZN | Hot Stocks09:07 EST Upexi announces Amazon.com approval for Tytan Tiles brand - Upexi (UPXI) announced the Company's children's toy brand, Tytan Tiles, has officially been approved by Amazon.com (AMZN) to launch its first branded direct-to-consumer storefront, Tytan Brands Store, for its top selling toy products. Additionally, Tytan Tiles has officially launched, as previously announced, into over 2,000 Walmart storefronts nationally. ytan Tiles is a toy company that has grown 100% year-over-year for the past two years, driven by its line of STEM toys.
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PLBY | Hot Stocks09:07 EST PLBY Group secures $25M capital commitment - PLBY Group announced tthat it secured a $25 million capital commitment led by Michael Serruya at Serruya Private Equity and Broadband Capital Investments. The Investment is subject to certain closing conditions set forth in a securities purchase agreement, including the closing of the previously announced rights offering. At the closing of the Investment, the Purchasers will purchase $15 million of common stock of the Company, par value $0.0001 per share, based on the final rights offering subscription price. In addition, the Purchasers will purchase up to $10 million of shares at the same subscription price to the extent the rights offering is not fully subscribed. All purchases of Common Stock by the Purchasers will be limited as necessary to comply with applicable Nasdaq rules. On the closing date, the Company will also pay to the Purchasers, at the closing of the Initial Investment, a commitment fee equal to $1.25 million, regardless of the aggregate amount purchased by the Purchasers. As previously disclosed, the subscription period for the rights offering will expire on January 23, 2023, and the subscription price per whole share of Common Stock will be equal to the lesser of $3.50 and eighty-five percent of the volume-weighted average price of a share of the Common Stock for the ten trading day period through and including January 20, 2023, as further described in and, subject to the terms and other provisions set forth in the prospectus supplement filed with the Securities and Exchange Commission on January 9, 2023. The Company intends to use the net proceeds from the rights offering and the Investment primarily for repayment of senior debt under its credit agreement and, to the extent of any remaining net proceeds, for general corporate purposes.
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HIG | Hot Stocks09:07 EST The Hartford appoints Dominioni head of sales, underwriting - The Hartford has appointed Hank Dominioni head of sales and underwriting for its Middle and Large Commercial Businesses' Northeast Division. In his new role, Dominioni will be responsible for leading sales and underwriting operations for the company's independent agents, brokers and customers across seven Northeastern states from Maine to New York. He will report to Gretchen Thompson, head of Field Operations and General Industries for Middle and Large Commercial insurance.
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PNC | Hot Stocks09:06 EST PNC Financial says continues to grow loan book in 'disciplined manner' - Says credit environment trending towards "normalized levels." Says deposits remain "relatively stable." Says in "position of strength" heading into 2023. Comments taken from Q4 earnings conference call.
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WEBR | Hot Stocks09:05 EST Weber announces new product offerings for 2023 season - Weber announced its innovative new product offerings for the upcoming 2023 barbecue season. "Our product teams continue to push the boundaries of high-performance outdoor cooking in fuel and product categories that home cooks have just started to explore, including electric, griddle, and pellet grilling," said Mike Jacobs, Chief Operating Officer of Weber. "To develop this year's product portfolio, we spent hundreds of hours talking to and cooking with people to determine how our products could help them more fully enjoy coming together around the grill. As a result, this line-up redefines what's possible when cooking outside by enabling our owners to create delicious new meal options, express their creativity, cook with greater ease, control, and predictability, and simplify clean up."
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NOK | Hot Stocks09:05 EST Nokia announces change in own shares - A total of 327 600 Nokia shares held by the company were today transferred without consideration to participants of Nokia's equity-based incentive plans in accordance with the rules of the plans. The transfer is based on the resolution of the Board of Directors to issue shares held by the company to settle its commitments to participants of the plans as announced on 3 February 2022. The number of own shares held by Nokia Corporation following the transfer is 36 484 278.
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RNA | Hot Stocks09:05 EST Avidity granted FDA Fast Track designation for AOC 1020 - Avidity Biosciences announced that the FDA has granted Fast Track designation to AOC 1020 for the treatment of facioscapulohumeral muscular dystrophy, or FSHD. FSHD is a serious, rare, hereditary muscle-weakening condition marked by life-long, progressive loss of muscle function that causes significant pain, fatigue, and disability. AOC 1020 is being studied in the Phase 1/2 FORTITUDE clinical trial in adults with FSHD and is the company's second muscle-targeting small interfering RNA, or siRNA, AOC in clinical development. Avidity plans to share data from a preliminary assessment of AOC 1020 in approximately half of study participants from the FORTITUDE trial in the first half of 2024. Fast Track designation enables more frequent interactions with the FDA to expedite the development and review process for drugs intended to treat serious or life-threatening conditions and that demonstrate the potential to address unmet medical needs. Currently, there are no FDA-approved treatments for people living with FSHD. Avidity has three distinct rare disease programs in the clinic. In addition to AOC 1020, the company is also evaluating AOC 1001 in the Phase 1/2 MARINA and MARINA open-label extension clinical trials for the treatment of myotonic dystrophy type 1 and AOC 1044 in the Phase 1/2 EXPLORE44 trial for the treatment of Duchenne muscular dystrophy mutations amenable to exon 44 skipping.
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RLJ | Hot Stocks09:05 EST RLJ Lodging Trust announces publication of inaugural CSR - RLJ Lodging Trust announced the release of its inaugural Corporate Sustainability Report, CSR, building upon the Company's longstanding commitment to upholding sustainability, social responsibility and governance. "Corporate Responsibility is integral to our overall business strategy and commitment to driving long-term value for all stakeholders. We believe that by maintaining an inclusive corporate culture and investing in underserved communities, following strong corporate governance practices, and making progress towards reducing our environmental impact, we have laid the foundation for operating our business on a sustainable basis," commented Leslie D. Hale, President and Chief Executive Officer. "As we navigated the pandemic in recent years, not only have we remained steadfast in our commitment to Environmental, Social and Governance matters, but we are also delivering on our obligation to broaden our sustainability objectives, enhance our disclosures and set measurable goals for us to achieve in the future, as outlined in this Corporate Sustainability Report."
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JWEL | Hot Stocks09:04 EST Jowell Global reports 2022 diamond sales over $1.78M - Adamas One announced financial results for the fiscal year ended September 30, 2022. Financial highlights from the year, which are discussed in detail in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on January 13, 2023, include more than $1.78 million in sales of the Company's Lab-Grown Diamonds, compared to zero sales in the prior fiscal year. Significantly, based on the Company's preparations and refinement of its processes, sales and marketing activities began mid-second quarter, which means that all sales were achieved within the closing seven months of the year. Other pertinent activities include the initial public offering of the Company and significant intellectual property activities. "Our goal as a company is continued growth, quarter over quarter, year over year," stated Adamas One CEO, Jay Grdina, "Fiscal 2022 was important for the Company as we pivoted from our R&D efforts to production for commercial sales of our diamond products. We are now hard at work both producing diamonds and upgrading our production capabilities, working diligently to reach full capacity at our Greenville, S.C. facility. We are on target to have our Greenville facility at full manufacturing capabilities of 3,000 cts per month, and expect over $1M in revenue per month, both by May 2023. All of these activities are designed to lay the groundwork for what we believe will be a successful fiscal 2023. We look forward to, as appropriate, continuing to update our shareholders on our progress."
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NDAQ | Hot Stocks09:04 EST Kiatnakin Phatra advances market integrity with Nasdaq surveillance - Nasdaq and Kiatnakin Phatra Securities, a leading securities company in Thailand, announced today that KKPS will leverage Nasdaq Trade Surveillance technology to advance its surveillance and market integrity efforts. The first local broker in Thailand to leverage Nasdaq Trade Surveillance, KKPS will benefit from rich functionality to effectively monitor for market abuse."Kiatnakin Phatra Securities is pleased to be partnering with Nasdaq's Trade Surveillance system. Given Nasdaq's leading position as a provider of market surveillance systems, the Nasdaq Trade Surveillance technology will allow KKPS to enhance its market surveillance capabilities and keep pace with global surveillance standards," commented Mr. Aphichart Chongsanguanpradab, Managing Director, Head of Legal and Compliance at KKPS. He further emphasized "Our partnering with Nasdaq introduces new technologies, approaches, and solutions for our global client base."
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FMCC | Hot Stocks09:01 EST Freddie Mac Multifamily reports 2022 production volume totaled $73.8B - Freddie Mac Multifamily's 2022 production volume totaled $73.8 billion, including a record of nearly $1 billion in Low-Income Housing Tax Credit equity investments. The agency also increased its targeted affordable loan purchases for properties that have a regulatory rent restriction or subsidy by close to 60% to a record $15.3 billion in 2022, up from $9.6 billion in 2021. "In a year marked by record rent inflation and a rental housing supply crisis, Freddie Mac Multifamily prioritized its affordable housing mission," said Kevin Palmer, head of Freddie Mac Multifamily. "Not only did we exceed our aggressive affordable housing goals, but we also set a record for Targeted Affordable Housing, ramped up our LIHTC equity investments by 45% and made nearly $2 billion in forward commitments designed to bolster future housing supply."
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EVER | Hot Stocks08:59 EST EverQuote names Julia Brncic as new General Counsel - Yesterday evening, EverQuote announced that Julia Brncic has joined as General Counsel and Corporate Secretary where she will lead the company's legal and compliance efforts. Before joining EverQuote, Ms. Brncic served as Senior Vice President, Chief Counsel and Corporate Secretary of Cigna, Vice President and Deputy General Counsel at Express Scripts, and was a shareholder at the Polsinelli law firm.
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EGHT | Hot Stocks08:52 EST 8x8 announces approximately 7% reduction in workforce - In a regulatory filing, 8x8 announced a restructuring intended to focus resources on targeted market opportunities, reduce operating costs, improve operating margins, and continue advancing the company's ongoing commitment to increasing levels of non-GAAP profitability and cash flow. The restructuring includes a reduction of the company's current workforce by approximately 7% globally. Decisions regarding the elimination of positions are subject to local law and consultation requirements in certain countries, as well as the company's business needs. The actions associated with this reduction in workforce are expected to be substantially complete by the end of the company's first quarter of fiscal 2024 ending June 30, 2023, subject to local law and consultation requirements.
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ONDS | Hot Stocks08:50 EST Ondas receives 160 MHz radio order from Siemens Mobility - Ondas Holdings received an order for 160 MHz radios from Siemens Mobility on behalf of a major Class 1 Railroad.
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BCTX | Hot Stocks08:49 EST BriaCell receives agreement, feedback from End of Phase II meeting with FDA - BriaCell Therapeutics received agreement and positive feedback from its End of Phase II meeting with the FDA regarding BriaCell's lead clinical candidate, Bria-IMT in combination with a checkpoint inhibitor, in advanced metastatic breast cancer. BriaCell and the FDA have agreed on the primary end point, the essential elements of the study design, and the type of patients to be enrolled in BriaCell's upcoming pivotal clinical study. This pivotal registration study will be enrolling advanced metastatic breast cancer patients for whom no approved treatment options exist. Registration study success could lead to a Biologics License Application submission for the approval of the combination regimen for commercialization in advanced metastatic breast cancer.
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FUV | Hot Stocks08:48 EST Arcimoto down 61% at $2.37 in pre-market after pricing $12M secondary offering
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NVNO | Hot Stocks08:47 EST enVVeno Medical appoints Hamed Alavi as SVP, CTO - enVVeno announced the promotion of Dr. Hamed Alavi to Senior Vice President and Chief Technology Officer. Alavi joined enVVeno Medical as Director, Research, Development and Quality in July 2020 and was promoted to Vice President of Research, Development and Quality in January 2021. In his new role as CTO, Dr. Alavi will seek to incorporate of innovative technologies such as artificial intelligence and cloud-based computing into our existing product mix, while also preparing our manufacturing and quality departments for commercialization of the VenoValve.
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ESKYF | Hot Stocks08:46 EST Eskay Mining confirms precious metal-rich VMS system at Scarlet Knob-Tarn Lake - Eskay Mining announced it has confirmed the presence of a precious metal-rich volcanogenic massive sulfide mineralized system at Tarn Lake-Scarlet Knob in the northeastern part of its 100% controlled Consolidated Eskay Property in the Golden Triangle, British Columbia. During the 2022 exploration campaign, Eskay Mining's geologic team confirmed the presence of a major new precious metal-rich VMS mineralized system at Scarlet Knob-Tarn Lake. A spot rock chip sample collected at the Scarlet Knob VMS target on the eastern margin of Bruce Glacier has yielded 56.9 g/t Au and 154 g/t Ag. This sample displays sulfide mineralogy and textures indicative of a VMS origin and, importantly, is hosted by a stratigraphic unit that hosts the main Eskay Creek deposit located approximately 7km to the west. Additional spot rock chip samples collected by Eskay's exploration team at Scarlet Knob and Tarn Lake in 2022 as well as recently identified legacy sample data confirms the presence of robust Au- and Ag-rich VMS mineralization along a northeast trending zone approximately 500m long. Gold grades of these other samples range from less than 0.1 g/t up to 56.6 g/t and silver grades range from less than 1 g/t up to 142 g/t. A spot rock chip sample collected along the western margin of Bruce Glacier at Tarn Lake yielded 9.2 g/t Au and 9.3 g/t Ag. Its visual appearance and mineralogy are nearly identical to that of the high-grade sample collected approximately 800m to the east at Scarlet Knob. Additional spot rock chip samples collected by Eskay's exploration team at Tarn Lake in 2022 as well as recently identified legacy sample data confirms the presence of significant Au- and Ag-rich VMS mineralization over an area approximately 300m across. Gold grades of these other samples range from less than 0.1 g/t up to 7.8 g/t and silver grades range from less than 1 g/t up to 174 g/t. Preliminary results from the first ever drill holes completed at Tarn Lake include 4.10 g/t Au and 98.30 g/t Ag over 5.43m within 2.47 g/t Au and 72.20 g/t Ag over 11.34m within 0.80 g/t Au and 22.97 g/t Ag over 41.41m in hole TN22-10 providing drill confirmation of a significant new VMS discovery. Eskay Mining's geologic team think that mineralization at Tarn Lake and Scarlet Knob potentially connect under the rapidly receding terminus of Bruce Glacier. Previously reported BLEG geochemical anomalism displayed by several samples in this region may be derived in part from the Scarlet Knob-Tarn Lake VMS system. Given the Scarlet Knob-Tarn Lake VMS system shares strong similarities to the Eskay Creek deposit, Eskay Mining is planning to conduct first ever drilling at Scarlet Knob as well as aggressive follow up drilling at Tarn Lake in 2023.
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EVOK | Hot Stocks08:45 EST Evoke abstract accepted at AMCP meeting - Evoke Pharma announced that its abstract entitled "Real-World Healthcare Resource Utilization of Patients Treated with Metoclopramide Nasal for Diabetic Gastroparesis DGP will be presented at the Academy of Managed Care Pharmacy AMCP annual meeting taking place in San Antonio, TX from March 21-24. Lead author, Dr. David C. Kunkel, Gastroenterologist and Associate Professor of Medicine at UC San Diego Health, emphasized the challenges faced by patients with gastroparesis who have limited treatment options and often experience flare-ups. "The positive response to the clinical utilization of GIMOTI gathered from patients through our studies and surveys is highly encouraging and continues to emphasize the major treatment gap GIMOTI fills every day for people suffering from diabetic gastroparesis. Patients and health care providers need new treatment options and are eager to learn whether these options can improve their symptoms and reduce their need to visit the ER or take more invasive steps to improve their condition. The presentation at the AMCP meeting will show how GIMOTI utilization is supporting the continuum of care for patients," commented Chris Quesenberry, Chief Commercial Officer for GIMOTI.
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VEEE | Hot Stocks08:44 EST Twin Vee PowerCats launches all new website - Twin Vee PowerCats announced that it launched its new website that enhances the boat buying experience for Twin Vee's customers and dealers. During the redesign, Twin Vee placed great emphasis on crafting an upgraded online experience, offering customers engaging and easily digestible content about the boats it manufactures and providing interactive features to greatly enrich the boat-buying process. Additionally, the Company implemented new features to assist its expanding authorized dealer network with lead management and marketing automation.
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SYTA | Hot Stocks08:43 EST Siyata Mobile receives follow-on orders fro UV350 device - Siyata Mobile announced it has received follow-on orders from an existing customer for its Uniden UV350, a 4G/LTE all-in-one in-vehicle communication device. "These orders, which total approximately $400,000, will be used to equip an expanding fleet of emergency response vehicles with our high-performing UV350 devices," said Marc Seelenfreund, Siyata CEO. "Importantly, these follow-on orders are a strong testament to the value our devices are providing for first responders and the strength of our relationship with this operator. Since 2019, this customer has invested more than $1.7 million in our UV350 and related accessories."
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ATMC | Hot Stocks08:41 EST AlphaTime Acquisition announces separate trading of ordinary shares, warrants - AlphaTime Acquisitionannounced that, commencing January 19, 2023, holders of the 6,900,000 units sold in the Company's initial public offering, including the 900,000 units sold pursuant to the full exercise of the underwriters' over-allotment option, may elect to separately trade the ordinary shares, warrants and rights included in the units. Any units not separated will continue to trade on The Nasdaq Global Market under the symbol "ATMCU," and the separated ordinary shares, warrants and rights are expected to trade on the Nasdaq under the symbols "ATMC," "ATMCW" and "ATMCR," respectively. Holders of units will need to have their brokers contact American Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into ordinary shares, warrants and rights. The units were initially offered by the Company in an underwritten offering. Chardan Capital Markets acted as sole book-running manager of the offering. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on December 30, 2022.
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KITT | Hot Stocks08:40 EST Nauticus begins international expansion with operating bases in Norway and UK - Nauticus Robotics announced the initiation of its operations in Norway and the United Kingdom, beginning the Company's international expansion strategy for 2023 and beyond.The operating bases are strategically located in Stavanger, Norway and Aberdeen, Scotland to service the North Sea offshore market. The Company will deploy assets and collaborate with local partners to service the region's extensive offshore wind and oil and gas assets with its expanding Nauticus Fleet, a robotic navy of surface and subsea robots. These regional bases will provide local subject matter expertise and logistics as the Company's international operations continue to grow. Eventually, Nauticus plans to open bases around the world, strategically located in targeted growth markets and equipped with local remote operation centers and service teams.
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ONB | Hot Stocks08:39 EST Old National Bancorp debuts 1834 division for enhanced wealth managment - To better meet the diverse, often complex financial and wealth advisory needs of high-net-worth individuals and institutions, Old National today unveiled 1834, a division of Old National Bank, that was named for the year the bank was founded. Led by Chady AlAhmar, Jim Steiner and Joe Colianni, who have more than 80 years of combined experience, 1834 offers a boutique-style experience with integrated, customized wealth advisory and investment management services, including: Wealth Planning; Investment Management; Trust & Fiduciary Services; Estate Planning & Administration' Private Banking; Specialized Services, including Business Succession Planning, Executive Compensation Planning and Philanthropy Services; Institutional Services for businesses and nonprofits, including Investment Management, Retirement Plan Services, Corporate Trust Services and Philanthropy & Endowment Services. Complementing the bank's wealth management arm will be 1834 Investment Advisors Co., an SEC registered investment adviser and wholly owned subsidiary of Old National Bancorp. 1834 has offices throughout the Midwest in addition to newly added locations in Nashville, Tenn., and Scottsdale, Ariz., and boasts nearly 100 team members, including those with the bank and the RIA. The service model for 1834 includes a single point of contact with a tenured wealth advisor paired with direct consultation from an expanded team of in-house wealth professionals, including trust officers, financial planners, private bankers and portfolio managers.
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FUV | Hot Stocks08:37 EST Arcimoto announces pricing of $12M public offering - Arcimoto announced the pricing of its previously announced public offering of 4,000,000 shares of common stock and warrants to purchase up to 4,000,000 shares of common stock at a combined purchase price of $3.00 per share and accompanying warrant for aggregate gross proceeds of approximately $12 million, before deducting placement agent fees and other offering expenses. The warrants to be issued will have a five-year term, will be exercisable immediately, and will have an exercise price of $3.00 per share. The closing of the offering is expected to occur on or about January 20, 2023, subject to the satisfaction of customary closing conditions. We intend to use the net proceeds from the offering for working capital and other general corporate purposes. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
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OWL | Hot Stocks08:37 EST Blue Owl Capital expands private wealth distribution channel - Blue Owl Capital announced an expansion of its private wealth distribution channel in partnership with iCapital and Allfunds. Allfunds is, one of the world's leading B2B WealthTech platforms. This means that Allfunds' eligible clients will gain access to Blue Owl's software direct lending strategy utilizing a feeder fund solution powered by iCapital1, a leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries. Blue Owl's software direct lending strategy seeks to provide investors attractive current income and the opportunity for capital appreciation by originating and making debt and equity investments in established and high-growth software and technology businesses in the U.S. Blue Owl's technology investing team includes over 30 investment professionals.
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HBNC | Hot Stocks08:37 EST Horizon Bancorp announces Thomas Prame to be appointed CEO June 1 - Horizon Bancorp announced that Thomas M. Prame will be appointed the Chief Executive Officer of both organizations effective June 1. Craig M. Dwight, will retain the title of Chief Executive Officer until June 1st and retire as an employee from Horizon and Horizon Bank effective July 3. Mr. Dwight will remain the Chairman of the Board of both organizations. Prame will continue in his role as President of both organizations. Mr. Dwight has served Horizon as its Chief Executive Officer since 2001 and Chairman since 2013. Prior to that, he was the President and Chief Administrative Officer of Horizon and the Chief Executive Officer and Chair of Horizon Bank commencing in 1998. Mr. Dwight has also served on the Board of Directors of Horizon and Horizon Bank since 1998 and will continue to serve as Chairman of both organizations.
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NAOV | Hot Stocks08:36 EST NanoVibronix provides update on expanding access to PainShield - NanoVibronix provided an update on the efforts to expand access to the Company's PainShield product. Brian Murphy, Chief Executive Officer of NanoVibronix, said, "We continue to work closely with The Centers for Medicare & Medicaid Services to provide the required documentation for potential reimbursement for PainShield, which we believe will make the device much more readily available for those suffering from chronic pain. We were notified in late September by CMS that PainShield lacked sufficient life expectancy testing and therefore denied reimbursement. We commissioned Carmel Labs in Israel to conduct the testing. This week we received positive interim results with regard to the ongoing lifecycle testing. We plan to submit the results of the test to CMS to backfill our pending application and provide additional evidence as requested."
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HBRM | Hot Stocks08:36 EST Herborium Group provides shareholder update on 2022 accomplishments - The letter read in part, "As the most difficult two years in a history of our Nation, communities and businesses, marked by Covid pandemic can finally be seen in the rear mirror we are collectively facing new challenges and new opportunities both in the USA and on the world stage. This is why I feel it is important to provide a separate update on the 2022 and Corporate Milestones we achieved, and than -in a separate document share our plans, strategies and opportunities for 2023 and beyond. We at Herborium feel that in a world full of uncertainties it is appropriate to share updates on the solid foundation we built to enable the Company to adapt to the changing environment encountered in 2022, and to secure our ability to evolve and grow to assure continuous increases in shareholders value. In Shareholders Update Part 2 we will present our plans for 2023. 2022 Milestones: Keeping The Course: Despite the disruptions and dislocations caused by the Covid epidemic, Herborium was able to not merely survive but actually advance its programs during these challenging times. We harnessed two major trends resulted from the pandemic that are here to stay: the growing use of technology in all aspects of life including healthcare, wellness and beauty, growing interest in natural, holistic and integrated approach to all aspects of healthcare. These values have been represented by and powered Herborium's Mission since the Company's inception. Growing Revenues: Herborium's financial results improved. Our revenues grew 8.5% in comparison to 2021 surpassing the $1 Million threshold. All four quarters this year were profitable thanks to further reduction in the operational costs. No Dilution: Furthermore -the growth was self perpetuated without any further dilution. Debt Reduction: Company's efforts to reduce debt was achieved by over $110,000 in retired friendly Notes. As a micro-cap company this prevented the issuance of hundred of millions of new shares. Company Ranking: In 2022 Herborium was the subject of a positive Research Report by the Independent Financial Analyst . In addition, HBRM has been classified as the highest tier company on OTC and has been qualified among the most desirable trading tickers on OTC due to its historical and continued commitment to compliance, ease of electronic stock management and clean regulatory records.New Products: As a part of our commitment to continue to satisfy consumer needs and improve profitability - the Company commenced a complicated process of developing a second generation of AcnEase its lead acne and Rosace Botanical Therapeutic. We expect to complete this process in 2023. This next generation, all natural product should provide for more convenient pattern of use, lower cost and broader application options. Entering the Artificial Intelligence: Medical, Wellness and Beauty Space: As Covid Pandemic accelerated some specific healthcare, consumer and technology trends, specifically the personalization and individualization of information, diagnosis and advisement as well as marketing use of AI technology, Herborium enter this space in 2022 through partnering with ADRECOM INC. an innovative, multinational technology group specializing in developing propriety AI technologies to create a muti-faced, proprietary AI marketing and counseling platform in the space of skin health, wellness and beauty focus on the natural medicinal ingredients and know how. The first stage of designing this platform was completed and is ready for launch and testing in 2023. ESG: 2022 saw a further increased focus on the 'environmental, social, and governance' movement, though this far from new to us here at Herborium. As a woman-led company offering natural, environmentally sustainable solutions that provides value for a diverse group of stakeholders, 'ESG' has always been part of our 'DNA'. Investors Relations : We have marked 2022 by more tweets , press releases and on going communication with Shareholders that in the previous years. As there is always place for improvement, we are certainly committed to further improve those efforts in 2023."
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RNXT | Hot Stocks08:35 EST RenovoRx announces initial results in PK sub study within TIGeR-PaC trial - RenovoRx announced initial results from a pharmacokinetic, PK, substudy within the phase III un-blinded randomized control TIGeR-PaC clinical trial to be presented at the 2023 ASCO Gastrointestinal, ASCO GI, Cancers Symposium this week. The TIGeR-PaC clinical trial is evaluating intra-arterial administration of gemcitabine using the proprietary RenovoRx Trans-Arterial Micro-Perfusion platform for targeted treatment of Locally Advanced Pancreatic Cancer, LAPC. The substudy provides clinical support that RenovoTAMP may increase local drug delivery and thus concentration at the tumor site while decreasing the debilitating side effects often associated with systemic intravenous delivery, which is the current standard of care. "Intra-arterial Gemcitabine vs IV Gemcitabine PK Substudy in Patients with Locally Advanced Pancreatic Cancer," presented by Amer H. Zureikat, MD, et al., evaluates RenovoTAMP for IA delivery of gemcitabine directly into tumors for higher local drug concentration and decreased systemic drug concentration and associated side effects. The PK substudy evaluates a sample of LAPC patients participating in the TIGeR-PaC study and demonstrates that the cohort had an average greater than 50% reduction in systemic drug exposure with IA delivery of gemcitabine using RenovoTAMP when compared with IV administration. The substudy concludes that RenovoTAMP may increase local gemcitabine concentration, which may be beneficial in decreasing gemcitabine-related systemic side effects. Five TIGeR-PaC clinical sites participated in this substudy. Three additional clinical data abstracts presented by researchers at ASCO GI with data from the induction phase of the TIGeR-PaC study help to advance the science behind pancreatic cancer.
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HTCR | Hot Stocks08:34 EST HeartCore Enterprises announces sixth and seventh Go IPO agreement - HeartCore Enterprises, announced that it has signed an agreement with BloomZ and a Japanese healthcare company for its sixth and seventh Go IPO consulting service win. As part of the Consulting Agreement, HeartCore will assist BloomZ and the healthcare client in its efforts to go public and list on the Nasdaq Stock Market . Through Go IPO, the Company services clients by assisting throughout the audit and legal firm hiring process, translating requested documents into English, assisting in the preparation of documentation for internal controls required for an initial public offering or de-SPAC, providing general support services, assisting in the preparation of the S-1 or F-1 filing, and more.As compensation for its services, HeartCore expects to generate from BloomZ an aggregate of $500,000 in initial fees. In addition, HeartCore has received a warrant to acquire 4% of BloomZ's common stock, on a fully diluted basis. "We are very pleased to have signed our sixth and seventh Go IPO deal to start the new calendar year," said CEO Sumitaka Yamamoto. "The pipeline remains robust, as we continue to receive substantial interest from Japanese companies looking to tell their equity story to the U.S. investment community. In addition to the initial cash fee we receive, we expect the value from the warrants we'll be able to recognize from our Go IPO clients will be beneficial to our financials for this year and beyond."
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CYRX... | Hot Stocks08:34 EST Cryoport announces new strategic partnership with Syneos Health - Cryoport (CYRX) announced a new strategic partnership with Syneos Health (SYNH). The partnership will support the global advancement of cell and gene therapies, providing the industry's first fully integrated biopharmaceutical and supply chain solution. The new partnership couples the full suite of clinical development services offered by Syneos Health with IntegriCell, Cryoport's platform providing standardized apheresis collection through BioLife Cellular Therapy Services, part of Takeda (TAK), cryopreservation services, risk mitigation services, logistics support, and secondary packaging.
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ADRA | Hot Stocks08:33 EST Distribution Solutions announces partnership extension with Criterion Collection - Distribution Solutions, a division of Alliance Entertainment, announced it has extended its partnership with the Criterion Collection, a continuing series of important classic and contemporary films on home video. With this extension, Distribution Solutions continues their distribution of the Criterion Collection's titles in the physical media space across the United States, along with all backroom services including inventory, order management and financial services. "We look forward to continuing our partnership with Criterion," said Ben Means, President of Distribution Solutions. "We take pride in supporting their dedication to distribute their top-shelf catalog to appreciative fans of classic and contemporary films of arthouse cinema and independent filmmaking." On June 23, 2022, Alliance Entertainment announced that it will become publicly listed through a merger transaction with Adara Acquisition Corp.
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ERO | Hot Stocks08:32 EST Ero Copper sees 2023 Copper C1 cash cost of $1.40-$1.60 per pound - The Company's 2023 C1 cash cost guidance range for the Caraiba Operations of $1.40 to $1.60 per pound of copper produced reflects sales allocation of 100% of copper concentrate produced to the international market and elevated consumable cost input assumptions reflecting Q4 2022 consumable pricing. The Company will continue to review sales channel allocations throughout the year as its domestic customer progresses through a financial restructuring that commenced in Q4 2022. A resumption of domestic sales has the potential to lower concentrate sales costs. At the Xavantina Operations, the Company's C1 cash cost guidance range of $475 to $575 per ounce of gold produced reflects the impact of significantly higher anticipated mined and processed gold grades compared to 2022, partially offset by elevated consumable cost assumptions, which also reflect Q4 2022 consumable pricing. The Company's AISC guidance range for 2023 is $725 to $825 per ounce of gold produced. The 2023 cost guidance assumes a USD:BRL foreign exchange rate of 5.30, a gold price of $1,725 per ounce, and a silver price of $20.00 per ounce.
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HTZ | Hot Stocks08:31 EST Hertz announces changes in its Board of Directors - Hertz Global Holdings announced certain changes to the composition of its Board of Directors, effective immediately. Greg O'Hara, founder and Senior Managing Director of Certares and current Chair of the Hertz Board, is stepping down from the Board. Certares and Knighthead were the principals that led Hertz through reorganization. Thomas Wagner, Managing Partner of Knighthead, will remain on the Board as Vice Chair and Colin Farmer, Senior Managing Director at Certares, will continue to stand as Lead Director. Stephen Scherr, CEO of Hertz, will assume the position of Board Chair. Along with this change, Fran Bermanzohn, former Deputy General Counsel at Goldman Sachs, and Jeffrey Nedelman, a Senior Managing Director at Certares, will join the Board as independent directors.
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ERO | Hot Stocks08:30 EST Ero Copper sees Caraiba 2023 production 44k-47k tonnes of copper in concentrate - The Company expects to produce 44,000 to 47,000 tonnes of copper in concentrate at the Caraiba Operations in 2023 based on total ore processed of approximately 3.3 million tonnes, average processed copper grades of approximately 1.50% and an average metallurgical recovery of 91.5%. Processed totals are expected to be comprised of: 1.9 million tonnes grading 1.60% copper from the Pilar Mine; 850,000 tonnes grading 1.75% copper from the Vermelhos Mine; and, 550,000 tonnes grading 0.70% copper from the Surubim Mine.For the full year, copper production is expected to be slightly weighted towards H2 2023 due to higher mill throughput levels at the end of the year following the completion of the Caraiba mill expansion, expected in Q4 2023. Copper production in Q1 2023 is expected to be the lowest of the year driven by planned stope sequencing. At the Xavantina Operations, the Company expects to produce 50,000 to 53,000 ounces of gold based on total ore processed of approximately 175,000 tonnes, average gold grades of approximately 10.00 gpt and average metallurgical recoveries of 92.0%. Gold production is also expected to be lowest in Q1 2023 with full-year gold production expected to be slightly weighted towards H2 2023 due to higher mill throughput levels following the expected commencement of production from the Matinha vein during H2 2023.
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BGNE | Hot Stocks08:30 EST BeiGene announces expansion of coverage on China's NRDL - BeiGene announced that the National Reimbursement Drug List, NRDL, released by China's National Healthcare Security Administration, NHSA, has been updated to include four new indications for its PD-1 inhibitor tislelizumab. KYPROLIS, a proteosome inhibitor licensed-in from Amgen, is included for the first time and XGEVA, a RANKL inhibitor and another Amgen asset, successfully renewed this year. The updated NRDL will officially take effect on March 1, 2023. "The expanded coverage of tislelizumab, new inclusion of KYPROLIS, as well as the renewal of XGEVA on the latest NRDL will allow more patients in China to have access to these high-quality medicines at affordable prices," said Xiaobin Wu, Ph.D., President, Chief Operating Officer, and General Manager of China, at BeiGene. "After several years of reform, the NHSA has established a basic medical insurance system with universal coverage. Through the annual updates of the NRDL, it made a leap forward in broadening access to innovative oncology medicines across China. At BeiGene, we share this same vision and endeavor to advance global health by making innovative medicines more accessible and affordable to patients in China and globally."
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ERO | Hot Stocks08:28 EST Ero Copper says Caraiba produced 46,371 tonnes of copper in concentrate in 2022 - The Xavantina Operations achieved record production of 42,669 ounces of gold for 2022, above the high-end of guidance of 39,000 to 42,000 ounces. Commenting on the production results and 2023 guidance, David Strang, CEO, said, "Our operations delivered on our elevated expectations for the fourth quarter and full-year, buoyed by strong copper and gold grades across our operations. Recent efforts to incorporate Project Honeypot into Caraiba's life-of-mine production plan, which was announced in November 2022, allowed us to demonstrably improve our fourth quarter copper grade profile and production results, contributing to record copper production for 2022. At our Xavantina Operations, we achieved both record quarterly and full-year production results with increases in gold production driven by higher processed tonnes and grades. For 2023, we are expecting another solid year of operational performance and the continued execution of our growth projects, including the construction of the Tucuma Project, the construction of the new external shaft at the Pilar Mine and the completion of our mill expansion at the Caraiba Operations. Our primary objective on the exploration side of our portfolio this year is to make significant advances in our ongoing nickel exploration program, which we hope will lead to several additional discoveries this year. Our guidance for 2023 reflects several benefits from the integration of Project Honeypot, which includes allowing the delivery date of our new external shaft to be deferred by approximately nine months without impact to the Caraiba Operations' expected production volumes. Despite significant inflationary headwinds, the decision to defer project handover has allowed us to maintain capital expenditure guidance for 2023 in-line with prior estimates. This visibility on the majority of our capital expenditure outlay to project completion, combined with our recently executed hedge program, has positioned our Company for another great year."
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IXHL | Hot Stocks08:26 EST Incannex says independent data review commences for PsiGAD1 trial - Incannex Healthcare announced that the PsiGAD1 clinical trial, designed to assess Incannex's psilocybin-assisted psychotherapy for the treatment of generalised anxiety disorder, has achieved its interim milestone of 29 patients completing primary endpoint assessments. Independent analysis of the interim study data has commenced. Treatment of GAD with currently accepted medications and therapies remains inadequate, with less than half of patients achieving remission. Psilocybin-assisted psychotherapy has shown promise in the treatment of several mental health conditions. PsiGAD1 was developed in collaboration with Dr Paul Liknaitzky, Head of the Clinical Psychedelic Lab at Monash University and a member of the Incannex scientific advisory board. The trial is designed to assess the safety and efficacy of the Company's unique psilocybin program in an active placebo-controlled study. The 10-week treatment program includes two dosing sessions with either psilocybin or active placebo. Safety, efficacy, quality of life, and other aspects of mental and physical health are assessed. To date, 45 participants have been enrolled in the study, with 29 participants having now completed the treatment protocol and main outcome assessment following treatment. The interim analysis of the study data to date, conducted by an independent Data Safety Monitoring Board comprising experts who are not part of the trial, has commenced. The independence of the DSMB is critical to maintain a blinded study and consequent integrity of the final data readout and analysis. Recommendations from the DSMB will be provided in March 2023, at which time the Company will provide another public announcement. The trial continues to progress well and on time, with retention of all participants who have been enrolled. The trial team have identified no safety concerns to date. The interim analysis will allow Incannex to make key decisions on regulatory strategy and, in parallel, planning of pivotal studies, while continuing to collect data from the PsiGAD1 trial. Patient recruitment is ongoing towards fulfilling the complete study cohort of 72 patients.
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SBEV | Hot Stocks08:24 EST Splash Beverage to launch TapouT Energy - Splash Beverage Group announced that its TapouT Hydration brand will expand intothe energy drink category.Targeted for launch in late March 2023, TapouT's new energy drink, TapouT Energy, was formulated by nutritionist Sanjeev Javia in collaboration with TapouT ambassador and former NFL great, Drew Brees, to deliver next-level functionality. These will be zero sugar drinks with all ingredients derived from natural sources, including caffeine. TapouT Energy will feature 3 flavors, all sparkling, Cherry Lemonade, Orange and Peach Mango.
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APA | Hot Stocks08:22 EST APA Corp. reports Q4 estimated average realized prices for U.S. oil $84.00 bbl - Reports Q4 estimated average realized prices for international oil $88.00 bbl. Reports Q4 estimated average realized prices for U.S. NGL $25.00 bbl. Reports Q4 estimated average realized prices for International NGL $56.00 bbl. Reports Q4 estimated average realized prices for U.S. natural gas $3.90 Mcf. Reports Q4 estimated average realized prices for International natural gas $4.60 Mcf. Reports Egypt tax barrels 40 MBoe/d. Reports realized loss on commodity derivatives $23M. Reports dry hole costs $75M-$85M. Reports net gains on oil and gas purchase and sales $75M. Reports general and administrative expense $160M.
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PHRRF | Hot Stocks08:20 EST PharmaTher submits ODD for ketamine to treat Rett Syndrome - PharmaTher Holdings announces that it has applied with the U.S. Food and Drug Administration to receive Orphan Drug Designation for ketamine to treat Rett Syndrome, a rare genetic neurological disorder. Ketamine has been subject to a Phase 2 clinical trial or Rett syndrome. Unpublished results from this study will be evaluated to support a potential Phase 3 clinical study and FDA agreement on a regulatory plan for approval which the Company may pursue. "We are focused on unlocking ketamine's potential for rare disorders, and the addition of the Rett syndrome program to our FDA-approved orphan drug designation pipeline strengthens our position in leading the potential use of ketamine for unmet medical needs in mental health, neurological and pain disorders," said Fabio Chianelli, CEO of PharmaTher.
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GMVHF | Hot Stocks08:19 EST Entain announces accelerated plans to exit unregulated markets - Entain announces that it has accelerated its plans to exit a number of unregulated markets where it no longer sees a path to domestic regulation. "On 12 November 2020, Entain announced a clear strategy for sustainability, growth and innovation. As part of that strategy, the Group made a commitment that, by the end of 2023, 100% of the Group's revenue would come from markets that are nationally regulated. From today, the Group will accelerate this process by exiting its few remaining markets where there is no clear path to market liberalisation via domestic regulation. The Group is now licensed in more than 30 countries and will remain in only a small number of markets where it expects changes in regulation will enable it to obtain domestic licenses in due course. With the exception of these markets, 100% of the Group's revenue will now be from domestically regulated markets where it is licensed. The net gaming revenue and EBITDA impact from these closures is relatively small and will have no effect on current expectations," the company stated in a notice to the market. Reference Link
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ORYZF | Hot Stocks08:18 EST Oryzon Genomics announces enrollment of first patient in NET - Oryzon Genomics announced the enrollment of the first patient in a Phase II collaborative study with iadademstat in patients with relapsed/refractory high grade neuroendocrine carcinomas. This trial is conducted under a collaborative clinical research agreement entered between Oryzon and the Fox Chase Cancer Center, under which FCCC will be conducting different collaborative combination clinical trials with iadademstat, with Oryzon providing funding, the drug and technical expertise. NET is an open-label basket study conducted by FCCC as the sponsor, with Dr. Namrata Vijayvergia, MD, Assistant Chief, Gastrointestinal Medical Oncology, member of the Cancer Epigenetics Institute, and Nuclear Dynamics and Cancer program at Fox Chase Cancer Center, as the principal investigator. The trial will assess the safety and efficacy of iadademstat in combination with paclitaxel in patients with relapsed/refractory small cell lung cancer or extrapulmonary high grade NECs.
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POET | Hot Stocks08:16 EST Poet Technologies teams with ADVA for highly integrated 4x100G solutions - POET Technologies announced that it has developed multi-engine 100G CWDM4 and 100G LR4 chip-on-board solutions for its lead customer, ADVA Optical Networking SE. ADVA will use POET's multi-engine transmit and receive chips in an innovative pluggable solution that packs the functionality of four independent 100Gbit/s interfaces into a single QSFP-DD housing. "ADVA's MicroMux Quattro brings the industry's smallest aggregation technology all the way to the network core. Engineered as a standard-compliant plug in a QSFP-DD form factor, it fits into a 400Gbit/s socket, enabling it to meet legacy needs. This innovative pluggable solution packs the functionality of four independent 100Gbit/s interfaces or two independent 200Gbit/s interfaces into a single QSFP-DD housing," said Ross Saunders, GM of Optical Engines, ADVA. "POET's unique design of its optical engines with hybrid integration of optical chips and monolithically integrated MUX and DMUX enables us to deliver industry-leading products in a small form factor that is scalable to high volume production as well as to higher data rates, such as 1.6Tbit/s and 3.2Tbit/s, thereby enabling much higher bandwidth in a pluggable form factor." POET has successfully demonstrated 10km operation of 100G LR4 optical engines in its Shenzhen Lab and plans to ship beta samples to ADVA in Q1 2023 with production targeted in the second half of 2023.
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SHYF | Hot Stocks08:14 EST Red Diamond Aftermarket Solutions to exhibit at Florida RV SuperShow - Red Diamond Aftermarket Solutions will exhibit at the 2023 Florida RV SuperShow and introduce its line of Red Diamond Shocks by premium manufacturer KONI.
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SABS | Hot Stocks08:13 EST SAB Biotherapeutics gets additional $8.2M in funding in closeout DoD contract - SAB Biotherapeutics announced that the company has received an additional $8.2M from the U.S. Department of Defense related to the closeout of the discontinued COVID-19 prototype research and development contract. This brings the total final closeout settlement to $16.8 million received since November 2022. "Our work with the DoD has clinically validated our unique approach and accelerated SAB's novel polyclonal antibody platform to Phase 3 stage of development," said Eddie Sullivan, co-founder, President, and Chief Executive Officer of SAB Biotherapeutics. "We are moving full speed ahead with our Influenza, C. diff. and Type I Diabetes programs and look forward to bringing much needed treatment solutions to patients." Based on its current operating plans and recent developments, SAB now expects cash and cash equivalents, and anticipated cash flows will be sufficient to fund its operating expenses and capital expenditure requirements through 2023.
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AMC | Hot Stocks08:13 EST AMC Entertainment up another 3% amid increase in StockTwits message volume - Shares of AMC Entertainment are up another 3% at $6.27 per share in pre-market trading following yesterday's gains of 20%. The stock is the highest trending name on StockTwits in terms of message volume over the past 24 hours.
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LXXGF | Hot Stocks08:12 EST Lexagene says MiQLab detects Mycoplasma at minute levels - LexaGene Holdings announced news regarding the ability of the MiQLab System to detect Mycoplasma at minute levels. Jack Regan, CEO and Founder of LexaGene commented, "In the process of completing the follow-on feasibility study with one of our biopharma customers, I'm thrilled to report that through this work, we've made an ~500X improvement in sensitivity for Mycoplasma. We've communicated this achievement, plus other development milestones, to our biopharma customers, who have in turn expressed great enthusiasm."
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PEAR | Hot Stocks08:12 EST Pear announces inclusion of reSET, reSET-O on Florida Medicaid PDL - Pear Therapeutics announced the inclusion of its PDTs reSET and reSET-O on the January 2023 Florida Medicaid Preferred Drug List, PDL. reSET and reSET-O, the only FDA-authorized PDTs for the treatment of substance use disorder and opioid use disorder, respectively, have been added to the Florida Medicaid PDL, effective January 1, 2023. "Pear applauds Florida leadership for bringing reSET and reSET-O to its millions of Medicaid members in its persistent efforts to tackle the addiction crisis and bring innovative treatment options to those seeking recovery," said Julia Strandberg, Chief Commercial Officer of Pear Therapeutics. "The unmet need in addiction across the U.S. is enormous, and Florida represents an important step in how we are helping more and more patients by working with states to provide covered access to our products."
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MICS | Hot Stocks08:11 EST Singing Machine shares vision for future of in-car karaoke experience - The Singing Machine Company shared its vision for the future of fully-integrated, in-car karaoke entertainment last week at CES 2023, and as the Times UK noted, "Long family journeys will never be the same..." One of the world's largest consumer karaoke companies, Singing Machine, attracted the attention of top automotive brands domestically and abroad to demo its new, commercially available in-car karaoke microphone, specially designed to fully integrate with global car manufacturers. Powered by streaming karaoke music giant Stingray's proprietary in-car karaoke app, Singing Machine's latest launch into the automotive karaoke space, will have more than100,000 karaoke music videos, first-of-its-kind safety features, and proprietary technology that allows for unique vocal enhancements such as pitch correction, vocal effects and anti-howling, along with a platform to make future gamification features possible. Singing Machine CEO Gary Atkinson commented, "CES 2023 cemented its position yet again as one of the leading global automotive and mobility trade shows. With the rise of autonomous driving, the demand and offering for expanded entertainment options within cars was overwhelming. In my mind, it is not a question of if, but rather when, karaoke microphones will appear within cars as standard."
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ICCM | Hot Stocks08:10 EST IceCure Medical receives notice of allowance in Japan for Cryogen Pump patent - IceCure Medical announced it has received a Notice of Allowance from the Japan Patent Office, or JPO, for IceCure's patent application titled "Cryogen Pump". The patent will be in effect until 2041. A patent for this invention has been issued in the European Union and is pending in other major markets, including the U.S. IceCure's novel cryogenic pump is submersible in liquid nitrogen, works in a closed circuit, improves the cooling rate during a procedure, and is designed to be used for multiple procedures or longer duration procedures without the need to refill liquid nitrogen. Moreover, this pump enables temperature control of the cryoprobe, as well as the use of a wider range of cryoprobes and catheters.
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OTRK | Hot Stocks08:10 EST Ontrak announces initial assessment results for Wholehealth+ program members - Ontrak announced initial assessment results showing that after six months, 30% of assessed Ontrak Wholehealth+ members sustained a clinically significant reduction in anxiety symptoms and 55% sustained a clinically significant reduction of depressive symptoms. In June 2022 Ontrak Health implemented the widely accepted PHQ-9 and GAD-7 assessments as foundational measurements of its innovative care coaching model and evidence-based Wholehealth+ program. While mostly used by providers, Ontrak Health has incorporated them into its care coaching model to promote better monitoring, collaboration, and accountability with its providers and customers. Thousands of assessments have been completed representing results for more than 1,000 unique program enrollees. Ontrak care coaches perform ongoing reassessments with members at regular intervals so that the scores can be trended and monitored for symptom change. "The inclusion of PHQ-9 and GAD-7 assessments in the Ontrak Wholehealth+ program is an important step in measuring mental health improvements for our members. Regular assessment of members' PHQ-9 and GAD-7 scores can provide valuable insights into our members' progress in mental health care and help our providers tailor treatment plans to meet the specific needs of each member. Providing enrollees with access to and interpretation of their assessment scores over time helps members better identify targeted mental health concerns, leading to greater involvement in their treatment outcomes," noted Judith Feld, MD, MPH, MMM, Chief Medical Officer, Ontrak Health.
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LIFE | Hot Stocks08:10 EST EC grants aTyr Pharma ODA to efzofitimod to treat sarcoidosis - aTyr Pharma announced that the European Commission granted orphan drug designation for the company's lead therapeutic candidate, efzofitimod, for the treatment of sarcoidosis based on the opinion of the European Medicines Agency Committee for Orphan Medicinal Products . Efzofitimod is a first-in-class immunomodulator that downregulates innate and adaptive immune responses in uncontrolled inflammatory disease states via selective modulation of neuropilin-2 and is currently being investigated in a global pivotal Phase 3 study in patients with pulmonary sarcoidosis, the main form of the disease. "The EC's decision to grant orphan drug designation to efzofitimod acknowledges the unmet medical need in sarcoidosis for the approximately 150,000 people in the European Union (EU) living with this chronic, debilitating disease," said Sanjay S. Shukla, M.D., M.S., President and CEO of aTyr. "The criteria for orphan status in the EU go beyond the rarity of the disease. This designation takes into account the preclinical and clinical proof-of-concept data generated for efzofitimod, including data from a Phase 1b/2a study showing efzofitimod's ability to improve lung function and quality of life measures in the context of a steroid taper, and recognizes the potential benefit of this novel immunomodulator to be a transformative, disease modifying therapy with clinically meaningful outcomes for patients."
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UBX | Hot Stocks08:09 EST Unity Biotechnology reports granting of new employment inducement award - UNITY Biotechnology announced that from January 3, 2023, through January 17, 2023, the Compensation Committee of the Board of Directors granted a new employee a stock-based award covering an aggregate of 900 shares of UNITY common stock, including options to purchase an aggregate of 900 shares of UNITY common stock. The stock-based award was granted pursuant to the UNITY 2020 Employment Inducement Incentive Plan, as amended, which was approved by the Board in March 2020 to provide for grants to newly hired employees as a material inducement for them to commence employment with UNITY in accordance with Nasdaq Stock Market Rule 5635(c)(4).
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HZNP | Hot Stocks08:08 EST Horizon Therapeutics announces Phase 2 trial evaluating dazodalibep - Horizon Therapeutics announced that the primary endpoint was met for the second population in its Phase 2 clinical trial evaluating dazodalibep for the treatment of Sjogren's syndrome. The Phase 2 trial evaluated two patient populations and positive results in the first patient population were announced in September 2022. Dazodalibep is the only medicine in development to achieve the primary endpoint in both patient populations in a Phase 2 trial. The Company announced that the second population achieved the primary endpoint. This patient population includes those with moderate-to-severe symptomatology including dryness, pain and fatigue despite lacking additional organ involvement and is defined as patients with a European Alliance of Associations for Rheumatology Sjogren's Syndrome Patient Reported Index score of greater than or equal to 5, indicative of significant symptomatic burden, and a score of less than 5 on the EULAR Sjogren's Syndrome Disease Activity Index, which measures organ involvement. At Day 169, dazodalibep-treated patients achieved a 1.8-point reduction in their ESSPRI scores compared to placebo-treated patients who achieved a 0.53-point reduction, resulting in a least squares mean difference of 1.27. The ESSPRI is a composite endpoint that measures dryness, pain and fatigue severity. In addition to the primary endpoint, statistical significance was achieved in certain secondary quality of life measures, including fatigue as measured by Functional Assessment of Chronic Illness Therapy - Fatigue. Dazodalibep was well tolerated with the most common adverse events through Day 169 being COVID-19 infection, nasopharyngitis and anemia. These data follow positive Phase 2 trial results announced in September in a separate study population.
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BNGO | Hot Stocks08:08 EST Bionano Genomics announces publication of interim readout from OGM trial - Bionano Genomics announced the publication of an interim report from an ongoing clinical trial designed to support establishing OGM as part of standard of care in diagnosis of genetic disease for prenatal subjects. This publication reports on the prenatal genetic disease clinical trial program to evaluate OGM as an alternative to SOC workflows. This prenatal study focuses on comparing OGM to SOC, including concordance, reproducibility, technical success rates, turnaround time, diagnostic yield, and health economics. This first interim readout is designed to evaluate endpoints connected to analytical performance in key areas of technical performance and reproducibility of OGM. The study is an Institutional Review Board-approved, multicenter, double-blinded trial with samples from 123 clinical research subjects analyzed in a total of 200 sample runs to date. All samples had been previously tested with traditional methods like karyotyping, fluorescence in situ hybridization and chromosomal microarray. The samples were from cases with known pathogenic or likely pathogenic variants, cases with known variants of uncertain significance, cases with no known reportable variant and genomic controls. This publication describes OGM performance metrics like robustness and reproducibility from site-to-site, operator-to-operator and run-to-run for the first time ever and for the largest number of prenatal samples investigated with OGM to date. Key findings for the technical endpoints were reported as follows: Results of OGM analysis were comparable, in a single assay, to the results of two separate SOC tests needed to reach a diagnosis in 56% of cases and to three separate SOC tests needed to reach a diagnosis in 19% of cases; Concordance with SOC - 100%; Concordance with SOC for variant calls - 100%; Reproducibility of analytical QC from site-to-site - 100%; Reproducibility of variant calls from site-to-site - 100%. The publication concluded that these results demonstrate high technical performance of the OGM workflow from DNA isolation through data analysis. The authors reported that replicate run performance demonstrates reproducibility of OGM, suggesting it can be adapted and validated. The authors further pointed out that OGM is not limited to structural variant and copy number variation analysis alone but can also resolve repeat expansions greater than 500bp. The authors also cited OGM's ability to run an additional analysis pipeline for the screening of individuals with an expanded allele in the FMR1 gene that could be causative of Fragile X syndrome. Screening for this repeat expansion is currently performed as a separate SOC test. The authors concluded that a single approach, like OGM, can allow genetic laboratories to provide rapid results with a cost-effective solution.
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NKLA | Hot Stocks08:08 EST Nikola launches first hydrogen mobile fueler - Nikola announced that it has developed an innovative, heavy-duty, 700 bar hydrogen mobile fueler capable of direct fueling hydrogen fuel cell electric vehicles. Nikola's mobile fueler program includes its own mobile fuelers as well as a number of third party mobile fuelers, which will provide Nikola's customers with a variety of flexible fueling options.
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RIGL | Hot Stocks08:07 EST Rigel Pharmaceuticals: NCCN adds REZLIDHIA to clinical practice guidelines - Rigel Pharmaceuticals announced that REZLIDHIA has been added by the National Comprehensive Cancer Network to the latest NCCN Clinical Practice Guidelines in Oncology for acute myeloid leukemia. REZLIDHIA is now included as a recommended targeted therapy for adult patients with relapsed/refractory AML with isocitrate dehydrogenase-1 mutation.
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AQMS | Hot Stocks08:06 EST Aqua Metals selects Tahoe-Reno for lithium battery recycling campus - Aqua Metals announced the completion of due diligence on a property in Tahoe-Reno, as well as plans to commence phased development of a five-acre recycling campus designed to process more than 20 million pounds of lithium-ion battery material each year with its innovative Li AquaRefining technology. Nevada is the only U.S. state with companies across every facet of the lithium battery supply chain, and Aqua Metals is planning its state-of-the-art recycling campus in the Tahoe-Reno Industrial Center in the heart of the region's growing battery ecosystem. Aqua Metals intends to design and develop the campus with the goal of sustainably recycling enough critical metals - like lithium hydroxide, nickel, copper, and cobalt - from spent lithium batteries to supply the raw materials for manufacturing 100,000 average EV battery packs every year. Aqua Metals has entered into a definitive agreement to acquire the five-acre site and expects to complete the purchase of the new campus, including an existing building, next month subject to customary closing conditions and Aqua Metals' receipt of the necessary financing with which to finance the purchase. The Company's initial plans call for upgrading the current building to install a commercial-scale Li AquaRefining system capable of recycling 3,000 tons of lithium battery 'black mass' each year. The Company expects to complete redevelopment of the current space and finalize equipment installation this year, and to commence operations at the new campus in the first quarter of 2024. Aqua Metals intends to fund the purchase of the new property with a non-dilutive loan and has entered into a non-binding letter of intent with a mortgage lender that Aqua Metals has worked with in the past to acquire the necessary financing for the property purchase. Aqua Metals also intends to finance the development of Phase One through a non-dilutive loan. The Company is currently in discussions with a provider of debt financing that has provided financing in the past.
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KTTA | Hot Stocks08:06 EST Pasithea announces contract with WuXi STA to produce PAS-004 - Pasithea Therapeutics announced its contract with WuXi STA, a subsidiary of WuXi AppTec, to manufacture the active pharmaceutical ingredient for Pasithea's macrocyclic, next-generation MEK Inhibitor, PAS-004 . After the completion of the pre-clinical testing and animal toxicology studies, GMP manufacturing is our final major requirement to support the Company's Investigational New Drug application with the U.S. Federal Drug Association , which is expected in the second half of 2023. ..We are delighted to be working with WuXi STA, one of the largest and most well-respected Contract, Development, and Manufacturing Organizations in the world. We remain on track with PAS-004 development and look forward to our IND submission followed by the initiation of our Phase 1 clinical trial," commented Pasithea CEO, Dr. Tiago Reis Marques."WuXi STA has a proven track record of manufacturing success to FDA standards and we believe that their high-quality capabilities will support progression of our drug candidate into the clinic. PAS-004 has already received orphan drug designation from the FDA for neurofibromatosis 1, and we plan to start our phase 1 clinical trial in the second half of 2023," stated Dr. Graeme Currie, Chief Development Officer of Pasithea.
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VLTA SHEL | Hot Stocks08:05 EST Shell USA to acquire Volta in an all-cash transaction valued at $169M - Volta (VLTA) announced the execution of a definitive merger agreement under which Shell USA, a subsidiary of Shell (SHEL), will acquire Volta in an all-cash transaction valued at approximately $169M. The transaction brings Volta's powerful dual charging and media network to Shell's established brand and seeks to unlock robust, long-term growth opportunities in electric vehicle charging. Under the terms of the merger agreement, Shell USA Inc. will acquire all outstanding shares of Class A common stock of Volta at 86c per share in cash upon completion of the merger, which represents an approximate 18 percent premium to the closing price of Volta stock on January 17, 2023, the last full trading day prior to the announcement of the transaction. Vince Cubbage, Interim Chief Executive Officer, said, "The shift to e-mobility is unstoppable, and Shell recognizes Volta's industry-leading dual charging and media model delivers a public charging offering that is affordable, reliable, and accessible. While the EV infrastructure market opportunity is potentially enormous, Volta's ability to capture it independently, in challenging market conditions and with ongoing capital constraints, was limited. This transaction creates value for our shareholders and provides our exceptional employees and other stakeholders a clear path forward." This acquisition builds on the momentum in electric mobility by combining one of the leading EV charging and media companies in the U.S. with one of the world's largest energy suppliers. The transaction provides the opportunity to unlock Volta's significant signed pipeline of charging stalls in construction or evaluation and capture the seismic EV charging market opportunity. Following the completion of the transaction, there will be no immediate change in driver experience, Volta Media Network capabilities available to advertisers, or services provided to commercial properties and retail locations.
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MTN | Hot Stocks08:05 EST Vail Resorts reports certain ski season metrics for season-to-date ended Jan. 8 - Vail Resorts reported certain ski season metrics for the comparative periods from the beginning of the ski season through January 8, 2023, and for the prior year period through January 9, 2022. The reported ski season metrics are for the Company's North American destination mountain resorts and regional ski areas, including the results of Seven Springs, Hidden Valley and Laurel Mountain in both periods and excluding the results of the Australian ski areas and Andermatt-Sedrun in both periods. The data mentioned in this release is interim period data and is subject to fiscal quarter end review and adjustments. Season-to-date total skier visits were up 12.5% compared to the prior year season-to-date period. Season-to-date total lift ticket revenue, including an allocated portion of season pass revenue for each applicable period, was up 5.3% compared to the prior year season-to-date period. Season-to-date ski school revenue was up 35.6% and dining revenue was up 58.0% compared to the prior year season-to-date period. Retail/rental revenue for North American resort and ski area store locations was up 34.4% compared to the prior year season-to-date period. Commenting on the ski season-to-date, Kirsten Lynch, CEO said, "We are pleased to see the growth across the business. Increased staffing levels relative to the prior year period enabled our mountain resorts to deliver full operations of lifts and mountain terrain and normal operations of important guest experiences such as our restaurants, lodging, ski and ride school, and rental and retail locations, which helped drive a return of ancillary spending. Results season to date for the 2022/2023 North American ski season outperformed results from the comparable prior year period, which were negatively impacted by challenging early season conditions, elevated COVID-19 cases associated with the Omicron variant and staffing-driven capacity constraints in our ancillary businesses. Improved conditions at our Colorado, Utah and Tahoe resorts drove a strong rebound in local guest visitation and the easing of travel restrictions in Canada contributed to a strong rebound in destination visitation at Whistler Blackcomb relative to the prior year period." Lynch continued, "Season-to-date destination guest visitation at our western U.S. resorts was below our expectations, which we believe was negatively impacted by the extreme weather causing resort closures and the airline disruptions that impacted travel across the U.S. during the peak holiday period. Based on our significant base of pre-committed guests through advance commitment pass products, strong conditions across our western resorts, and current lodging booking trends, we believe that a portion of the visitation we originally expected over the holiday period will occur later in the season. As a result of all these factors, we now expect that Resort Reported EBITDA for fiscal year 2023 will be in the lower half of the guidance range issued on September 28, 2022. Our guidance assumes a continuation of the current economic environment, normal weather conditions, no material impacts associated with COVID-19 for the remainder of the 2022/2023 North American and European ski season or the 2023 Australian ski season, and the foreign currency exchange rates as of our original September 2022 guidance."
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NVAX | Hot Stocks08:04 EST Novavax Nuvaxovid COVID-19 vaccine approved in South Korea as adult booster - Novavax announced that partner SK bioscience has received expanded manufacturing and marketing approval from the Korean Ministry of Food and Drug Safety for Nuvaxovid for use as a booster for active immunization to prevent COVID-19 in adults aged 18 and older. Prior to the approval, in September 2022, the Korean Centers for Disease Control and Prevention set out recommendations that advised that Nuvaxovid could be used as a booster in adults aged 18 and older.
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CLFD | Hot Stocks08:03 EST Clearfield reaches milestone of over 50M ports in-market - Clearfield announced the supplying of over 50 million fiber ports of its craft-friendly, Labor Lite family of Clearview cassettes, FieldShield Assemblies, and YOURx Terminals. This total was bolstered by the company's record-setting deployments in calendar year 2022, with over 8.5M ports supplied during the year. "Success in the fiber broadband market is as much about execution as it is innovation," said Kevin Morgan, Chief Marketing Officer at Clearfield. "At Clearfield, we're dedicated to our customers' success and have prioritized ensuring they have the products and support they need, when they need it, to take their fiber broadband networks as far as they can go. As we address ongoing strong customer demand for broadband, we remain focused on further enhancing capacity and improving our lead times to maintain our momentum in the year ahead."
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CMCSA | Hot Stocks08:02 EST Comcast appoints Melinda Little as VP of Government, Regulatory Affairs - Comcast announced that Melinda Little has been named Vice President, VP, of Government and Regulatory Affairs for the company's 'Big South' region. She will be based in Atlanta, and report to Jason Gumbs, Regional SVP for Comcast. Most recently, Little served as Vice President of Government Affairs at the company's Central Division Headquarters in Atlanta.
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NRBO | Hot Stocks08:02 EST NeuroBo appoints Joseph Hooker as Interim CEO - NeuroBo Pharmaceuticals announced that it has appointed Joseph Hooker as Interim CEO and President. Hooker's appointment follows Gil Price, M.D.'s decision to retire from his position as President and CEO of NeuroBo. NeuroBo's Board of Directors plans to initiate a candidate search with the assistance of a leading executive search firm to identify Dr. Price's permanent successor. Hooker has served as an independent consultant and advised on an ad hoc basis for leading management consultancies and various pharmaceutical companies with respect to clinical trials, CROs and program management. Previously, Hooker was Sr. Director of Clinical Operations/Program Leader Rare Disease, Oncology for X4 Pharmaceuticals, Inc., where he led a cross-functional global program team, pre-clinical through development and commercialization, including strategic planning, oversight, execution of clinical operations and the management of staff.
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F... | Hot Stocks08:01 EST EU passenger car registrations up 12.8% in December - In December, new car registrations in the EU expanded by 12.8%, marking the fifth consecutive month of growth this year, said the European Automobile Manufacturers Association. Despite this positive result, only two of the region's four major markets recorded growth. "The German and Italian car markets had an extremely strong end to 2022, posting double-digit increases of 38.1% and 21.0% respectively. Spain, on the other hand, suffered a substantial decline, whereas France remained stable," the group said. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
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UAL | Hot Stocks07:55 EST United Airlines 'on track' to achieve 2023 leverage target
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UAL | Hot Stocks07:55 EST United Airlines sees FY23 adjusted pre-tax margin 9% - Targeting adjusted pre-tax margin of 14% in 2026, based on demand returning to 2019 levels. United said in slides that will be presented on the Q4 earnings conference call that demand is different, but "we expect demand to grow at least to 2019 levels of industry revenue/GDP." United said that the current industry capacity outlook for 2023 is unachievable, similar to 2022. Global long-haul margins expected to grow in 2023 with industry capacity reset to 2019 levels, United added, adding that it is "uniquely prepared" for the post-pandemic operating environment.
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ZLAB | Hot Stocks07:54 EST Zai Lab announces inclusion of QINLOCK, NUZYRA on China's NRDL - Zai Lab announced that the National Reimbursement Drug List released by China's National Healthcare Security Administration has been updated to include both QINLOCK for advanced gastrointestinal stromal tumor patients who have received prior treatment with three or more kinase inhibitors in the all-comer setting, and NUZYRA for the treatment of adults with community-acquired bacterial pneumonia and acute bacterial skin and skin structure infections for intravenous formulation.
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COIN | Hot Stocks07:49 EST Coinbase to halt operations in Japan - In a blog post, the company states: "Due to market conditions, our company has made the difficult decision to halt operations in Japan and to conduct a complete review of our business in the country. However, we are committed to making this transition as smooth as possible for our valued customers. We want to assure you that we have segregated the Japanese Yen and crypto assets of our customers in custody in compliance with the regulations, and we are committed to ensuring that all our customers can withdraw their assets at their earliest convenience. Fiat deposit functionality will be removed on January 20th, 2023 JST." Reference Link
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XPL | Hot Stocks07:48 EST Solitario reports results from Spur area in Geyser Gold Zone - Solitario Zinc reports that it has received results from a new high-grade gold area, called Spur, south of the recently announced Geyser Gold Zone. The combined Geyser-Spur Gold Zone represents a significant expansion to the original Geyser high-grade area. The broadened area remains open to expansion in all directions with many peripheral assays pending. It is important to note the Geyser-Spur Gold Zone is more than 4.0 kilometers from our previously announced high-grade Downpour Gold Zone, all of which are a part of Solitario's 33,000-acre land holdings in South Dakota. Also, final Downpour channel sample assay results were received and increased the length of high-grade mineralization in two of the trenches. New surface sampling results, as well as previously reported results can be viewed on the attached Geyser-Spur Zone Map. New sampling highlights include: The new Spur assay results have expanded the footprint of gold mineralization to an area measuring approximately 650 x 225 meters from the previously reported oval-shaped area measuring 225 x 125 meters. Fourteen new select grab surface samples averaged 6.8 grams per tonne gold within the expanded footprint. This new high-grade zone, called Spur, measures approximately 150 x 120 meters. Initial trenching assay results yielded a continuous mineralized zone 24 meters long, averaging 1.11 gpt gold. These results correlated well with the two nearest surface grab rock samples of 1.2 gpt gold, situated to the north, and 0.9 gpt gold sample to the south. Assay results are pending for a much larger area surrounding the Geyser-Spur Zone. At Downpour, 3.0 meters grading 15.4 gpt gold were added to Trench 1 bringing the total length to 36 meters grading 17.6 gpt gold and 3.6 meters grading 25.6 gpt gold were added to Trench 5 bringing the total length to 15.6 meters grading 17.1 gpt gold. Chris Herald, President and CEO of Solitario, stated: "These two new high-grade discoveries, the Geyser and adjacent Spur Zone, display average surface grab sample grades of 28.6 and 6.8 gpt gold, respectively. The combined mineralized surface area now measures 650 x 225 meters and remains open in all directions. We anticipate the Geyser-Spur Zone will continue to expand as we receive new assay results peripheral to these reported samples. It is also very encouraging to see the strong correlation of assay grades between our surface grab samples and our initial trenching results at Geyser-Spur. The first eight three-meter trench samples (a continuous 24-meter trench) averaged 1.1 gpt gold and the two nearest surface samples graded 1.2 and 0.9 gpt gold. At Downpour, our high-grade select surface grab samples also had great correlation with trench samples. We look forward to releasing additional assay results as they become available. Finally, drill hole permitting continues to progress and we are still on schedule for a second quarter 2023 completion date for the Environmental Assessment."
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CYBN | Hot Stocks07:48 EST Cybin announces results from study conducted by HI, LLC dba Kernel - Cybin announced key highlights from the completed feasibility study conducted by its partner HI, LLC dba Kernel, evaluating Kernel's Flow wearable technology to measure ketamine's psychedelic effect on cerebral cortex hemodynamics. Results from this Cybin-sponsored study are intended to inform the future pathway for this program. "The results from the feasibility study are very promising and provide further insights into the potential of this cutting-edge wearable technology to quantify neural activity and changes in brain biomarkers during the administration of psychedelics. The possibility of using this technology to develop a predictive tool to aid in identifying appropriate candidates for psychedelic-based therapy is also quite exciting, as is the convenience of a portable device, which could lend itself to more widespread use in clinical settings," said Doug Drysdale, Chief Executive Officer of Cybin. "Looking ahead, we remain focused on expanding our scientific understanding of the effects and mechanisms of action of psychedelics on the brain - all with the ultimate goal of developing safe and effective treatments for a range of mental health conditions," concluded Drysdale. Key Findings from the Feasibility Study: Provided important proof-of-principle for Kernel Flow as a portable functional system that provides real-time measurements of blood oxygenation changes in the brain associated with neural activity using Time Domain Near Infrared Spectroscopy. Demonstrated ketamine-induced changes to functional brain biomarkers associated with potential therapeutic effects, including alterations in cortical function associated with psychedelic experiences. Ketamine led to a brain-wide reduction in the fractional amplitude of low frequency fluctuations and a decrease in the global brain connectivity of the prefrontal region compared to saline. A model combining neural and physiological metrics successfully predicted mystical experience scores on Revised Mystical Experience Questionnaire, which has been shown in previous research to mediate reductions in depressive symptomatology. Demonstrated reliable physiological measurements of pulse rate and pulse rate variability extracted from TD-fNIRS recordings that match those obtained from commercial external photoplethysmography sensors, thus rendering the use of external sensors to measure cardiac activity unnecessary in future experiments. Ketamine led to increased PR, decreased PRV, increased absolute concentrations of oxy-hemoglobin and decreased deoxy-hemoglobin concentrations, and elevated electrodermal activity, providing further physiological measures of the effects of the ketamine doses administered in the study.
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AMRN | Hot Stocks07:46 EST Sarissa Capital Management issues statement on Amarin - Sarissa Capital Management made the following statement on Amarin Corporation: "In 2022 alone, Amarin stock lost over two-thirds of its value, and shareholders lost over $840 million in equity. The European launch is behind schedule, reimbursement in Germany appears imperiled, and spending mismanagement has weakened the cash coffers. Yet the board has the audacity to state publicly, "the Company made solid progress in 2022, against its strategic objectives." To shareholders, the owners of the company, these statements are gravely concerning because they reflect a total lack of understanding of events and the mission of the board and management - to maximize value for shareholders. To do so, the company must not destroy value. Indeed, Amarin has repeatedly overpromised and underdelivered. Below are three of many examples. Vascepa is a great drug with the potential to have a meaningful impact on society. However, since the label expansion for cardiovascular risk reduction, Amarin stock has lost over 90% of its value. Last year, management committed to launching in up to six key European markets and obtain pricing and reimbursement approval in up to eight European markets in 2022. They launched and secured positive pricing and reimbursement decisions in only five European markets... Amarin's slow, reactive responses to changing market dynamics have destroyed significant shareholder capital. An alarming example from 2022 is Amarin's slow response to the US launch of a third generic in January 2022 that quickly and meaningfully reduced sales via both price and volume...As detailed in our previous press release, Sarissa has submitted notice to Amarin to call a special meeting to remove Chairman Per Wold-Olsen from the board and add 7 directors to the board. In accordance with UK law, Amarin has up to 21 days to call the special meeting, which must be held within 28 days of calling the special meeting. We are asking all shareholders to remain engaged and voice their opinions by voting at the special meeting.
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JBHT | Hot Stocks07:43 EST J.B. Hunt provides nearly $9M in appreciation bonuses to employees - J.B. Hunt Transport Services announced that for the second consecutive year its subsidiary J.B. Hunt Transport Inc. will award appreciation bonuses to full-time company drivers and full-time hourly maintenance and office employees. The total amount awarded will exceed $8.8M. "Our people are our difference makers, and the employees receiving these appreciation bonuses have been essential in helping deliver value for our customers over the past year," said Shelley Simpson, president of J.B. Hunt. "We want to recognize their continued drive and commitment to excellence and say thank you for contributing to the company's success."
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JBHT... | Hot Stocks07:41 EST JB Hunt falls 5% after Q4 EPS misses consensus estimates - Shares of JB Hunt (JBHT) are down 5% or $8.30 per share to $168 per share, after reporting Q4 EPS that came in less than analyst consensus estimates. Other publicly traded companies in the freight trucking space include Best Inc. (BEST). Knight-Swift (KNX) Schneider (SNDR) and Landstar System (LSTR).
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REUN | Hot Stocks07:40 EST Reunion Neuroscience appoints Robert Alexander, M.D as CMO - Reunion Neuroscience announced that it has appointed Robert Alexander, M.D. as the Company's Chief Medical Officer, effective immediately. Dr. Alexander will report to Greg Mayes, Reunion's President and CEO. "
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ROCK | Hot Stocks07:40 EST Gibraltar Industries releases annual Corporate Social Responsibility report - Gibraltar Industries released its annual Corporate Social Responsibility report detailing the company's work to improve lives and make a difference in the world. "With this report, we are deepening our commitment and demonstrating our responsibility to our people, our communities and our stakeholders," said CEO Bill Bosway. "As a significant player in creating more sustainable ways to grow food, generate cleaner energy and live and work with greater efficiency, ease and comfort, we are confronting some of the world's most important challenges."
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AACI... | Hot Stocks07:39 EST Rezolve to integrate technology into Group Carso's Claro Shop, T1 Comercios - Rezolve and Grupo Carso announced a strategic partnership that will see Rezolve's technology integrated into Claro Shop and T1 Comercios, one of Mexico's largest online marketplaces, and is expected to transform the mobile shopping experience for millions of consumers. Using the Rezolve platform, merchants can lead consumers directly to special offers by using mobile technology like geofencing, notifications on smartphones, Bluetooth beacons, or watermarked advertisements.
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SPRC | Hot Stocks07:37 EST SciSparc gets approval from Soroka to conduct study in children with ASD - SciSparc announced it has been granted an approval by the Soroka University Medical Center o conduct its clinical study for SCI-210 in patients suffering from autism spectrum disorder or ASD. On January 9, SciSparc announced it signed an agreement with Soroka Medical Center to perform its clinical study, led by Prof. Gal Meiri, head of Soroka Medical Center's Preschool Psychiatry Unit. The trial will investigate the effect and safety of SciSparc's drug candidate SCI-210, a proprietary combination of cannabidiol and CannAmide , in comparison to CBD monotherapy in treating ASD. The study's objectives are to evaluate the safety, tolerability and efficacy of SCI-210 in children with ASD in a randomized, double-blind, placebo controlled with cross-over study. The design of the study includes a 20-week, randomized double-blind placebo-controlled with cross-over clinical trial of 60 children. The trial has three primary efficacy end points: the Aberrant Behavior Checklist-Community parent questionnaire; the Clinical Global Impressions-Improvement C performed by a clinician; and the effective therapeutic dose. ASD is a condition related to brain development that impacts how a person perceives and socializes with others, causing problems in social interaction and communication. The term "spectrum" in autism spectrum disorder refers to the wide range of symptoms and severity.
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ARTH | Hot Stocks07:36 EST Arch Therapeutics forms Medical Advisory Board - Arch Therapeutics announced the formation of a medical advisory board comprised of wound care professionals across multiple medical specialties, including vascular surgery, podiatric medicine, and foot and ankle surgery. The Company believes that the Medical Advisory Board will support the strategic alignment of patient, payor, and provider goals to help advance the ongoing commercialization of its AC5 Advanced Wound System. Arch welcomes the following six members to its Medical Advisory Board: Dr. Gregory Bohn, MD, FACS, ABPM/UHM, MAPWCA, CWSP, board-certified in General Surgery and Hyperbaric Medicine, and President of the American Board of Wound Healing; Dr. Matthew Garoufalis, DPM, FASPS, FACPM, CWS, board-certified in Podiatric Medicine and Foot and Ankle Surgery, CMO of Advanced Oxygen Therapy Inc., and key opinion leader on diabetic foot care, lower extremity wound care, and limb salvage; Dr. John Lantis, MD, FACS, Chief and Professor of Surgery at Mount Sinai West Hospital and the Icahn School of Medicine, and key opinion leader on limb salvage and lower extremity wound healing; Dr. Brock Liden, DPM, FABWH, FAPWCA, board-certified in Podiatry, attending physician at WAFL, and expert lecturer on wound care, podiatric medicine, surgery, and practice management; and, Dr. Terry Treadwell, MD, FACS is a vascular surgeon, Medical Director of the Institute of Advanced Wound Care in Montgomery, Alabama, and renowned lecturer on chronic wound care.
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KMPH | Hot Stocks07:35 EST KemPharm partners with Hypersomnia Foundation - KemPharm announced its partnership with the Hypersomnia Foundation, which engages, informs and champions the global community to improve the lives of people with idiopathic hypersomnia and related sleep disorders. IH is a chronic neurologic disorder marked by significant detrimental effects on nighttime sleep as well as daytime sleepiness/wakefulness. It is estimated that approximately 37,000 patients are currently diagnosed with IH and seeking treatment, although the total population may be much larger due to patients not seeking treatment or having not been diagnosed. KemPharm is currently investigating KP1077 in a double-blind, placebo-controlled, randomized-withdrawal, dose-optimizing, multi-center Phase 2 clinical trial evaluating the efficacy and safety of KP1077 for the treatment of IH. KemPharm expects to enroll approximately 48 adult patients with IH in more than 30 centers in the United States.
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PTN | Hot Stocks07:33 EST Palatin receives $4.7M of non-dilutive funding - Palatin Technologies announced it has received approximately $4.7M of non-dilutive funding through the New Jersey's Technology Business Tax Certificate Transfer Program, more commonly known as the Net Operating Loss, or NOL Program. "We are pleased to take advantage of the New Jersey NOL program which allows us to convert certain state operating losses into tangible working capital today," said Stephen T. Wills, Palatin's CFO and COO. "We have received approximately $18M in non-dilutive funding through the NOL program to date, and we are thankful to the NJ Economic Development Authority for aiding our efforts as we continue to develop drugs for various indications." The NOL program enables qualified, NJ-based technology or biotechnology companies to sell net operating losses to unrelated profitable corporations.
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PEG | Hot Stocks07:31 EST PSEG to sell its 25% equity stake in Ocean Wind 1 to Orsted, no terms disclosed - Public Service Enterprise Group has agreed to sell Orsted its 25% equity stake in the Ocean Wind 1 offshore wind energy project, providing Orsted with 100% ownership of the project. Orsted, America's largest offshore wind energy company, will proceed with development of the project with PSEG supporting onshore infrastructure construction. The transaction between Orsted and PSEG is expected to close in the first half of 2023, pending the required closing conditions. The initial delivery of power from Ocean Wind 1 is scheduled for the end of 2024, and full commissioning is expected in 2025.
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PSTV | Hot Stocks07:16 EST Plus Therapeutics: 1st patient dosed in rhenium study obisbemeda to treat GBM - Plus Therapeutics announced that the first patient has been dosed in the ReSPECT-GBM Phase 2b dose expansion clinical trial evaluating rhenium obisbemeda for the treatment of recurrent glioblastoma ,GBM. This Phase 2b multi-center trial is designed to evaluate the safety, tolerability, distribution and efficacy of rhenium obisbemeda infused directly into the tumor via convection-enhanced delivery catheters in patients with recurrent GBM progressing after conventional treatment. "In the Phase 1/2a dose escalation trial, we showed that a rhenium obisbemeda radiation dose of 22.3 mCi in an infused volume of 8.8 mL can be safely administered and that there is a statistically significant correlation between overall survival and both absorbed radiation dose to the tumor and percent tumor volume in the treated volume," said Andrew J. Brenner, M.D., Ph.D., Professor of Medicine, Neurology, and Neurosurgery, Kolitz/Zachry Endowed Chair Neuro-Oncology Research, and Co-Leader of the Experimental and Developmental Therapeutics Program at The University of Texas Health Science Center at San Antonio and principal investigator of the ReSPECT-GBM clinical trial. "The strength of this correlation is unusually positive for a Phase 1/2a trial and we are optimistic that these safety and efficacy signals will be confirmed in the ongoing Phase 2b trial." The Phase 2b trial is expected to enroll up to 31 additional patients with small- to medium-sized tumors in approximately 24 months. The trial is supported by an award from the National Cancer Institute , part of the U.S. National Institutes of Health . "We have successfully completed two of our key near-term clinical development goals, specifically to manufacture cGMP rhenium or 186Re,obisbemeda and move our glioblastoma program into Phase 2b," said Norman LaFrance, M.D., Chief Medical Officer and Senior Vice President at Plus Therapeutics. "The treatment of our first patient went well with excellent targeted tumor delivery of high dose rhenium obisbemeda, similar to that seen at this same dose in our Phase 1/2a trial. Moving forward this year, our focus will be to expand the trial sites and ramp up enrollment to accelerate clinical development of this novel treatment option."
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IDR | Hot Stocks07:15 EST Idaho Strategic locates greater than 4% Total Rare Earth Oxides - Idaho Strategic Resources announced the locating of surface outcrops with greater than 4% Total Rare Earth Oxides during its 2022 exploration program at Lemhi Pass. In the well-studied Lemhi Pass District, previous state and federal agency work have shown maximum REE assay values as high as 2%. These new IDR sample results are significant because they essentially double the previously known upper end of assay values as published in the USGS, IGS and other references. These latest assays lend validation to our company belief that the Lemhi Pass District is largely underexplored for REE's; since their discovery in the district was ancillary, to the government's search for nuclear related fuels in the 1950's. IDR's Vice President of Exploration, Rob Morgan commented, "Lemhi Pass continues to impress us. It is very encouraging to see samples having half of their total rare earth element content coming from neodymium; located in similar geological settings and covering 1.5 miles in length. Many of our prospects in the area lie on or near the Lemhi Pass Fault, which suggests the district may have some REE mineral zonation associated with this regionally significant fault." The listed samples were gathered from four different prospects within IDR land holdings; and are from the northern part of the Lemhi Pass District. One sample from Prospect #2 assayed 4.26% TREO; with 2.5% of that value contributed from neodymium alone. Likewise, another sample contained 2.35% REE; with 1.21% coming from neodymium. The dominant REE mineral is monazite. Monazite is a phosphate mineral and most of our strongest REE values are associated with phosphorus. This mineral occurs as opaque, subhedral, yellow-green to reddish-brown crystals which are mostly microscopic in size, making it hard to detect with the naked eye. Gangue minerals associated with REE mineralization include quartz, pink microcline, and iron oxides; such as specularite and limonite.
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BLUE | Hot Stocks07:14 EST Bluebird Bio falls 14% to $6.28 after 20M share offering of common stock
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FTCH | Hot Stocks07:14 EST Farfetch announces changes to leadership team - FARFETCH announces changes to its leadership team. Elizabeth von der Goltz has joined the FARFETCH Executive team, taking on the roles of Chief Fashion and Merchandising Officer and CEO of Browns. Sindhura Sarikonda will also join the company this month as President, Americas. Stephanie Simon is also joining the business to head up Community and Web3 efforts for the FARFETCH Group as Vice President Community and Web3. Separately, Chief Brand Officer, Holli Rogers, and Chief Growth Officer, Martin Avetisyan, will be leaving the company to pursue other opportunities.
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VERI AYX | Hot Stocks07:13 EST Veritone appoints Greenberg as CMSO, Meng as CIO - Veritone (VERI) announced that the company has named Seth Greenberg Chief Marketing & Strategy Officer, CMSO, and Fleming Meng Chief Information Officer, CIO. The appointments come on the heels of Ryan Steelberg assuming his new role as Veritone CEO and President. Greenberg most recently served as CMO for Alteryx (AYX). Before joining Veritone, Fleming served as CIO since 2018 at HumanGood, a leading senior living and healthcare company.
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ORZCF | Hot Stocks07:13 EST Orezone Gold sees 2023 gold production 140,000-155,000 ounces - For 2023, the Company forecasts gold production in the range of 140,000 to 155,000 ounces at an all-in sustaining costs of $975 to $1,075 per ounce sold. Capital expenditures are expected to total between $43 to $49 million as the Company invests in growth projects to improve the future cost structure and mine life of the Bombore operation. Patrick Downey, President and CEO commented, "Our 2023 guidance builds on the strong operating performance that we saw in December 2022 and includes a number of important initiatives that will immediately strengthen the long-term value of the mine and position the Company for future growth. The expected strong cash flow in 2023 will contribute to our debt reduction and growth plans. We intend on delivering on our annual goals in a safe and responsible manner, while maintaining our strong community relations as we continue to advance Bombore towards its next stage of expansion."
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MNPR | Hot Stocks07:11 EST Monopar Therapeutics furthers camsirubicin trial past 4th cohort for ASTS - Monopar Therapeutics announced the positive recommendation from its safety review committee to advance to the fifth dose level in its camsirubicin Phase 1b trial in patients with advanced soft tissue sarcoma ASTS . This decision was made following a review of safety data from the patients in the first four dose cohorts." Clearance to go to this higher dose level is an important milestone for the trial as this class of drugs is known to have dose-dependent anti-tumor activity," said Chandler Robinson, MD, Monopar's Chief Executive Officer. "We continue to see a favorable safety profile compared to doxorubicin, and the Phase 1b data to-date shows an improvement in median progression free survival from what was observed in the prior camsirubicin Phase 2 trial, 265mg/m2 . We are looking forward to evaluating the 650 mg/m2 dose level, which is nearly 2.5x higher than the highest dose evaluated in any prior camsirubicin clinical trial."
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BHIL | Hot Stocks07:11 EST Benson Hill achieves ProTerra sustainability certification - Benson Hill announced that it became one of the first U.S.-based ingredient providers to achieve the international ProTerra Certification, a global standard that sets the bar for sustainable agricultural practices and labor practices as well as segregated non-GMO programs and more. The ProTerra Certification program promotes social and environmental sustainability through food and feed supply chains, to support efforts to continuously improve day-to-day business operations and to help organizations to engage and implement the concept of sustainable development. Throughout an extensive certification process, Benson Hill completed audits of its Creston, Iowa, and Seymour, Ind., plants as well as two shipping ports that store and transport its non-GMO soymeal. "Through our journey with ProTerra we gained important insights to solidify our position as a global ingredients company focused on responsible growth," said Andres Martin, Executive Vice President and General Manager, International for Benson Hill. "Achieving the ProTerra certification standard is a testament to the ESG principles guiding our work to sustainably deliver our non-GMO soybean portfolio to markets within and outside the United States."
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CLF | Hot Stocks07:09 EST Cleveland-Cliffs, USW file trade cases on 'unfairly' traded tin mill products - Cleveland-Cliffs announced that it has partnered with the United Steelworkers, USW, in filing antidumping and countervailing duty petitions against eight countries related to unfairly traded tin and chromium coated sheet steel products. The petitions seek the imposition of antidumping duties on U.S. imports of tin mill products from Canada, China, Germany, the Netherlands, South Korea, Taiwan, Turkey, and the United Kingdom. The petitions also seek the imposition of countervailing duties on U.S. imports of tin mill products from China. Lourenco Goncalves, Cleveland-Cliffs' Chairman, President and Chief Executive Officer, stated, "The United States is still the largest importer of steel in the world, despite being the most environmentally friendly steel producing nation. As our filing shows, there has been a significant surge in unfairly priced tinplate imports flooding the United States over the past two years, and we cannot let this persist. We welcome competition with any and all imported steel as long as our U.S. trade laws are respected, and we will use all the tools at our disposal to remedy the situation." Tin mill products are used primarily for packaging applications, particularly for canned food, among many others. Cleveland-Cliffs produces tin mill products at its Weirton, West Virginia operating facility and sells approximately 300,000 net tons per year, approximately 2% of total Company steel sales volume.
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APGOF | Hot Stocks07:09 EST Apollo Silver reports further assay results from Phase 2 drilling at Calico - Apollo Silver reports additional assay results from the recently completed Phase 2 of the 2022 Drill Program at the Calico Silver Project located in San Bernardino County, California. Results include the thickest, highest grade silver intercept reported to date at Calico: 189 g/t silver over 140.5 metres from surface. Bonanza grade silver intercepted in two holes: 1,610 g/t Ag over 1.5 m from 92.5 m downhole, and 1,095 g/t Ag over 1.5 m from 82.0 m downhole. Results for 15 holes are reported below, bringing the total number of holes released for Phase 2 drilling to 31 out of 44. Stantec Consulting Services Ltd. engaged for the 2023 Calico mineral resource estimation update. New significant intercepts include: SILVER: 189 g/t Ag over 140.5 m from surface, including; 416 g/t Ag over 24.0 m from 82.0 m depth down hole, and including 528 g/t Ag over 4.5 m from 82.0 m depth down hole, and 658 g/t Ag over 6.0 m from 92.5 m depth down hole, which includes 1,610 g/t Ag over 1.5 m from 92.5 m depth down hole. 129 g/t Ag over 58.5 m from 1.0 m depth down hole, including; 367 g/t Ag over 6.0 m from 19.0 m depth down hole, and including 421 g/t Ag over 1.5 m from 20.5 m depth down hole, and 597 g/t Ag over 1.5 m from 23.5 m depth down hole. 138 g/t Ag over 112.0 m from surface, including; 539 g/t Ag over 4.5 m from 80.5 m depth down hole, and including 1,095 g/t Ag over 1.5 m from 82.0 m depth down hole. 113 g/t Ag over 43.5 m from 8.5 m depth down hole; 138 g/t Ag over 57.0 m from 5.5 m depth down hole; 115 g/t Ag over 63.0 m from 2.5 m depth down hole; 141 g/t Ag over 74.5 m from surface, including; 311 g/t Ag over 1.5 m from 16.0 m depth down hole. "We are delighted with the results from the 2022 drilling at Calico," commented Apollo's VP Exploration & Resource Development Cathy Fitzgerald. "The design of the 2022 drill program included not only infill drilling, but targeted drilling to define high-angle structures that may have acted as feeder zones for silver mineralization. Our drilling results to date, in combination with historical and new mapping has allowed us to more accurately model controlling structures and identify trends in high-grade silver mineralization. These outstanding results support our understanding of the geological controls on high grade silver mineralization. With the laboratory results coming in at a steady pace, we are in an excellent position to hit the ground running with the resource update work program."
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ACIU | Hot Stocks07:06 EST AC Immune partner LMI images 1st patient in ADvance trial of PI-2620 for AD - AC Immune announced that its collaboration partner, Life Molecular Imaging or LMI , has imaged the first patient in ADvance, the pivotal Phase 3 trial of PI-2620, a Tau PET imaging agent for AD orAlzheimer's disease. PI-2620 was discovered in collaboration between AC Immune and LMI and is developed under a strategic collaboration and exclusive licensing agreement with LMI.Dr. Andrea Pfeifer, Chief Executive Officer of AC Immune SA, commented: "We are delighted to see LMI launching this pivotal Phase 3 trial of PI-2620, our next generation, potentially best-in-class Tau PET tracer. The ability to detect and quantify aggregated Tau with enhanced sensitivity and specificity, will improve our diagnostic confidence and accelerate clinical development of therapeutic interventions. This development underscores the strength of our Morphomer platform which continues to generate excellent candidates against multiple pathological proteins involved in neurodegenerative diseases. "This histopathology study's objective is to confirm the tracer's safety, diagnostic efficacy and accuracy in detecting and staging Tau pathology of PI-2620 before seeking market approval. The decision to advance PI-2620 into Phase 3 development in AD was supported by Phase 2 results presented at this year's Alzheimer's Association International Conference .
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PRTK ZLAB | Hot Stocks07:05 EST Paratek announces inclusion of NUZRYA in China's NRDL - Paratek Pharmaceuticals (PRTK) announced that China's National Healthcare Security Administration has added the intravenous formulation of NUZYRA to the country's National Reimbursement Drug List for treatment of community-acquired bacterial pneumonia and acute bacterial skin and skin structure infections, resulting in millions of patients gaining access to the broad-spectrum, once daily antibiotic. NUZYRA was granted approval by the U.S. Food and Drug Administration in October 2018 and Paratek initiated the U.S. product launch in February 2019. Paratek's partner in China, Zai Lab Limited(ZLAB) received approval of both IV and oral NUZYRA as a Category 1 innovative drug by the National Medical Products Administration of China for the treatment of CABP and ABSSSI in December 2021.
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MGA | Hot Stocks07:03 EST Magna ClearView vision system debuts in Ram trucks - The company said, "Magna's advanced ClearView vision technology designed to make vehicles smarter and safer has made its production debut on the Ram 2500 and 3500 Heavy Duty trucks. The unique system, which bundles camera and mirror technology, has the potential to reduce blind-spot accidents and promote safety by enhancing visibility around the vehicle. ClearView also provides other benefits including making it easier to park and maneuver the vehicle."
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KRYS | Hot Stocks07:02 EST EC grants Krystal Biotech orphan designation for KB407 for CF treatment - Krystal Biotech announced that the European Commission has granted orphan designation for KB407 for the treatment of Cystic Fibrosis or CF. KB407 is an investigational, redosable gene therapy designed to correct the underlying cause of cystic fibrosis by delivering two copies of the CFTR gene directly to the airway epithelial cells when delivered via a nebulizer. By inducing expression of full length, normal CFTR protein in the lung, treatment with KB407 has potential to restore ion and water flow into and out of lung cells to correct the lung manifestations of the disease in patients regardless of their underlying genetic mutation. "We are pleased that the European Commission has granted orphan drug designation to KB407, which we believe is an important step toward advancing this option to treat patients with CF," said Suma Krishnan, President of Research and Development at Krystal Biotech.The U.S. Food and Drug Administration has also granted Orphan Drug designation for KB407 to treat patients with CF.
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GTH | Hot Stocks07:02 EST Genetron regains compliance with Nasdaq minimum bid price rule - Genetron Holdings announced that the Company had received a notification letter from the staff of the Listing Qualifications Department of the Nasdaq Stock Market, dated January 17, 2023, indicating that the Company has regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5450(a)(1). As previously announced, the Company was notified by Nasdaq on October 28, 2022 that the Company was not in compliance with the Minimum Bid Price Requirement as the bid price of the Company's American depositary shares closed below $1.00 per share for 30 consecutive business days. On January 17, 2023, Nasdaq confirmed in the Compliance Notice that for the ten consecutive business days, from December 29, 2022 to January 13, 2023, the closing bid price of the Company's ADSs has been at US$1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5450(a)(1), and the matter is closed.
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NFLX | Hot Stocks07:02 EST Nielsen expands relationship with Netflix - Nielsen has announced an expansion of its relationship with Netflix, which includes a multi-year agreement to provide linear and streaming audience data across the U.S., Mexico and Poland. In the U.S., Netflix will subscribe to Nielsen's National TV measurement data and Streaming Platform Ratings. In Mexico and Poland, Netflix will subscribe to cross-platform audience insights which are derived from streaming panels in each respective market.
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DNA | Hot Stocks07:02 EST Ginkgo Bioworks and NAMUH announce collaboration to develop HMOs - NAMUH, an infant nutrition company, and Ginkgo Bioworks announced a multi-product collaboration to develop functional oligosaccharides that are structurally identical to those found in human breast milk. Human Milk Oligosaccharides, or HMOs, are essential fiber-like nutrients unique to human milk that provide an important energy source to beneficial gut bacteria in infants. Despite being the third most abundant component in human milk, HMOs are currently a small component in infant formulas, if present at all. Currently, NAMUH's proprietary technology provides for a cost-effective source of a family of HMOs via yeast fermentation.
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WNC | Hot Stocks07:00 EST Wabash announces 10-year agreement with Ryerson - Wabash has announced a 10-year agreement with Ryerson, a leading value-added processor and distributor of industrial metals. Under this agreement, Ryerson will be a key supplier to Wabash for steel, stainless steel and aluminum products used across Wabash's full portfolio.
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ROSS | Hot Stocks06:59 EST APRINOIA, Ross Acquisition Corp II enter business combination agreement - APRINOIA Therapeutics and Ross Acquisition Corp II announced that they have entered into a definitive agreement for a business combination. ROSS and APRINOIA are combining at an implied fully diluted transaction equity value of $280M for APRINOIA. As part of the Business Combination, Mr. Ross has personally invested $7.5M through a convertible note and has committed to provide up to $12.5M of capital infusion at the closing of the Business Combination. This funding is intended to meet the capital requirements needed to bring the company's lead product, 18F-APN-1607, through to commercialization in China.APRINOIA, incorporated in 2015, is a Cambridge, MA based global clinical-stage biotech company developing novel therapeutics and precision diagnostics for the treatments of neurodegenerative diseases in collaboration with leading global biotech companies such as Biogen and Celgene, which includes certain non-exclusive license agreements on its lead tau PET tracer, APN-1607. Concurrently with this announcement, APRINOIA is also announcing the out license of the China rights of APN-1607 to a large pharmaceutical company, whereby such company licensee has executed a binding term sheet agreeing to lead the product through its current Phase 3 trial in AD and target 2024 for commercialization of APN-1607 in China, subject to regulatory review and approval. The licensee has committed approximately $8M and RMB 14M as an upfront payment and has committed to milestone payments and royalties of up to 15% of sales in China, where it is estimated that around 10 million people suffer from AD. APRINOIA will continue to lead the development of APN-1607 in other jurisdictions. APN-1607 is in a Phase 2 trial for AD, with sites in the United States, Japan, and Taiwan, and is preparing for a Phase 3 trial in PSP in the United States, subject to regulatory approval of the FDA. APRINOIA has established four platforms with different modalities: unique PET diagnostic tracers, small molecule modulators, antibodies, and degraders. Each of the modalities targets pathological aggregated proteins such as tau, alpha-Synuclein, and TDP43 that contribute to the pathogenesis of rare dementia or movement disorders, including PSP, multiple system atrophy and frontotemporal dementia, as well as common diseases such as AD and Parkinson's diseases. ROSS has entered into the Business Combination Agreement with APRINOIA, pursuant to which APRINOIA and ROSS will each become a wholly owned subsidiary of the combined company, APRINOIA Therapeutics Holdings Limited, a newly formed entity. The Business Combination values the post-closing combined business at a pro forma enterprise value of up to $319.6M. As part of the Business Combination, all of APRINOIA's existing shareholders will roll 100% of their shares in APRINOIA into PubCo. APRINOIA's existing shareholders expect to hold between 42% and 74% of PubCo depending on the level of redemptions by ROSS shareholders. APRINOIA will receive the remaining proceeds held in ROSS's trust account following the redemptions by ROSS shareholders, an additional $7.5M from an affiliate of Mr. Wilbur Ross and $5M in commitments from other investors, including existing shareholders of APRINOIA. There is approximately $350.6M currently held in ROSS's trust account. The boards of directors of both ROSS and APRINOIA have each unanimously approved the proposed Business Combination, which is expected to close in the first half of this year, subject to customary approvals and conditions, including the approval by ROSS's shareholders. Upon Closing, APRINOIA's business will operate under the APRINOIA name. Pursuant to the terms of the Business Combination Agreement, as a closing condition, PubCo is required to cause the PubCo ordinary shares issued in connection with the Business Combination to be approved for listing on NYSE or Nasdaq, but there can be no assurance that such listing condition will be met.
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CZOO | Hot Stocks06:34 EST Cazoo reports preliminary Q4 UK Retail units sold of around 17,750 - Reports preliminary UK Retail units sold of around 17,750 in Q4 and ~65,000 in FY 2022. Strong sales despite challenging economic backdrop demonstrates strength of offering. Now sold well over 100,000 cars entirely online in the UK in just 3 years since launch.
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GLGDF | Hot Stocks06:34 EST GoGold Resources announces drilling results at El Favor - GoGold Resources released the results of 8 drill holes from the El Favor East deposit within Los Ricos North property. Hole LRGF-22-147 intersected 1.2m of 4,209 g/t silver equivalent contained within 19.9m of 436 g/t AgEq. "The holes which we have been drilling in El Favor, along with our large resource and the data which we've collected over the last two years of drilling, will be invaluable when included with our upcoming preliminary economic analysis study," said Brad Langille, President and CEO. "We believe the investment we've made in Los Ricos North will return tremendous value to our shareholders."
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GIB SAP | Hot Stocks06:33 EST CGI Inc. adds RISE with SAP to portfolio of services in Canada - CGI (GIB) announced it is strengthening its long-standing global partnership with SAP (SAP) by adding RISE with SAP to its portfolio of services in Canada, which already includes S/4HANA. The RISE with SAP certification enables CGI to accelerate clients' transitions to the cloud. With this new certification, CGI is well positioned to modernize ERP solutions for a broader segment of the market and offer enhanced end-to-end capabilities for its clients, allowing them to focus on their holistic digitization and accelerate business outcomes.
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RDN | Hot Stocks06:33 EST Radian Group approves $300M share repurchase program - The Board of Directors of Radian Group has approved a new share repurchase program of $300M over two years.
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CZOO | Hot Stocks06:32 EST Cazoo targets sale of 40,000-50,000 UK retail units in 2023 - The company said, "Over the past 12 months we have demonstrated our ability to buy and sell cars at significant scale and consolidated our resources on the UK market. Our positive momentum has continued into 2023, and so far in January we have seen solid unit sales and record finance and ancillary attachment rates. However, in the current economic environment we believe the right course of action for 2023 is to focus on further improving our unit economics, reducing our fixed cost base and maximising our cash runway. Our revised FY 2023 plan, approved by the Board of Directors, aims to rapidly improve the unit economics of the business. To enable these improvements, we are resetting our 2023 top line ambitions to 40,000-50,000 UK retail units, allowing us to focus on higher margin and faster moving inventory and to rationalise our operational footprint. Following this reset, we expect Retail unit sales to return to growth in FY 2024 and beyond. In line with the lower unit expectations for 2023 and the current economic climate, we will be making our operational and logistics networks more efficient through the closure of certain of our vehicle preparation centre and customer centre facilities and making further headcount reductions. This plan is in the process of being finalised and we will provide more detailed information at the time of our FY 2022 results. Importantly, this plan is expected to deliver a significant reduction in our cash consumption and continued progress towards our goal of reaching profitability, without the need to raise further external funding over the next 18-24 months. We expect to end 2023 with over GBP 100m of cash and cash equivalents on our balance sheet. The UK used car market is the largest in Europe, worth over GBP 100bn annually. Digital penetration remains materially below almost all other retail sectors and we believe that our market leading platform, brand, team and infrastructure position us well to realise our ambition of achieving a 5% or greater share of the UK used car market over time."
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RDN | Hot Stocks06:32 EST Radian Guaranty expects to begin paying dividends to Radian Group - Radian Group announced a series of capital actions to enhance financial flexibility that were completed as of year-end 2022. As a result of the favorable impact of these actions and Radian's financial outlook, the company expects Radian Guaranty to begin paying recurring ordinary dividends to Radian Group with 2023 ordinary dividends projected to be between $300M-$400M and ordinary dividends in future years expected to approximate Radian Guaranty's ongoing statutory earnings.
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BR IGIFF | Hot Stocks06:31 EST Broadridge extends digital wealth platform partnership with IGM Financial - Broadridge Financial Solutions (BR) announced IG Wealth Management (IGIFF) has signed a multi-year contract extension to IG's use of Broadridge's R.Broker solution, a component of the Broadridge Wealth Platform.
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FFIE | Hot Stocks06:13 EST FF Top signs amended shareholder agreement with Faraday Future - FF Global Partners, the founding shareholder and a partnership of former and current key Faraday Future management members, announced that on January 13, 2023, FF Top Holding, an entity controlled and managed by FFGP, signed an Amended and Restated Shareholder Agreement with the Company. FFGP hopes the Shareholder Agreement will provide much-needed stability and forward-looking, shareholder-focused leadership to the Company. Additionally, FFGP is pleased by the news that the Company and the China Huanggang Government have entered into a non-binding Cooperation Framework Agreement to promote the Company's US-China dual-home market strategy. The newly signed Shareholder Agreement requires the Company, upon FF Top's request, to submit to shareholders binding proposals to amend the Company's charter in order to provide, among other things, 10-to-1 super voting rights to FFGP immediately upon shareholder approval, and 20-to-1 super voting rights upon the Company reaching a market capitalization of $3B. The Shareholder Agreement also provides that FF Top will have the right, but not the obligation, to nominate four directors to the Company's seven-person board of directors until FF Top has ceased to beneficially own at least 21,333,530 shares of Common Stock for at least 365 consecutive days, of which two directors will be independent. FF Top will thereafter have the right to nominate a number of directors proportionate to its share ownership. In the event that an FF Top Designee fails to be elected at any meeting of FFIE's shareholders, then, upon FF Top's request in writing, the Company shall promptly expand the size of the Board by a number of seats equal to the number of non-elected FF Top Designees and FF Top shall have the exclusive right to fill the vacancy or vacancies on the Board created by such expansion. The Nominating and Corporate Governance Committee of the Board will verify and/or approve the appointment or nomination for election of any FF Top Designees according to the criteria in the Amended Shareholder Agreement. As a result of the Amended Shareholder Agreement, FFGP and FF Top may be deemed to control the Company. FFGP said, "The signing of the Shareholder Agreement signifies not only the end of a protracted, costly and unnecessary dispute but also the start of a promising new phase for the Company. FFGP believes, by securing FFGP's continued engagement with and contribution to the Company as the founding and key management team members, it will allow the Company to continue to build on its recently achieved promising developments, including the reorganization of the Board, the appointment of a new management team, the crucial financing obtained with the assistance of FFGP, and the progress made in developing the Company's business in both the US and China. This has led to what FFGP believes to be a positive development trajectory for FF's various businesses and ended the turmoil in FFIE's governance since its listing. FFGP feels that it and its partners, including current and former core executives of the Company, have the proven commitments to and key knowledge regarding the Company, and will provide the crucial support and guidance for the Company to help it to achieve its short, medium and long-term goals and be successful."
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APCX | Hot Stocks06:01 EST AppTech Payments regains compliance with Nasdaq listing rules - AppTech Payments announced that it has successfully cured the Nasdaq minimum bid price deficiency. Nasdaq has informed AppTech that its Panel has determined to continue the listing of the Company's securities on the Nasdaq Capital Market and is closing the matter. AppTech has regained Nasdaq compliance as it has had a closing bid price of above $1.00 per share for 10 consecutive business days. That requirement was met on January 3.
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STLA | Hot Stocks05:59 EST Stellantis, Terrafame sign supply agreement for nickel sulphate - Stellantis and Terrafame announced the signing of a supply agreement for nickel sulphate to be used in electric vehicle batteries. Beginning in 2025, Finland-based Terrafame will supply Stellantis with nickel sulphate over the five-year term of the agreement. The Terrafame agreement is a part of Stellantis' aggressive electrification strategy and will cover a significant portion of the needs for sustainable regionally sourced nickel.
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MRK | Hot Stocks05:58 EST Merck picks Perceiv AI for inaugural Digital Sciences Studio cohort - Perceiv AI announced that the company has been selected by Merck for the inaugural Merck Digital Sciences Studio cohort, along with eight other early-stage biomedical startups from a pool of 152 applicants. The program started in November to fuel innovative digital technologies for drug discovery and development. MDSS is a collaboration between Merck and the New Jersey Innovation Institute, with investments from the Merck Global Health Innovation Fund, Northpond Ventures, and McKesson Ventures. The accelerator provides direct investment from Merck, access to powerful Azure Cloud computing, and technology support provided by Microsoft for Startups. Additionally, participating companies are provided opportunities to collaborate with discovery and clinical scientists at Merck for pilots, where appropriate.
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PSFE | Hot Stocks05:56 EST Paysafe enters Ohio online sports-betting market - Paysafe announced its expansion into the new Ohio online sports-betting market after entering the Maryland iGaming space in Q4 2022. Paysafe is now powering play safely for a range of sportsbooks in the Midwestern state by providing their players with a comprehensive suite of payment options, including credit card and debit card deposits, Paysafe's Skrill digital wallet for both deposits and payouts, and other solutions. By kicking-off 2023 with a move into Ohio - whose sports-betting market is expected to generate as much as $900M in gross annual gaming revenue when mature, according to PlayOhio - Paysafe now supports iGaming operators with payments in 25 different U.S. states or jurisdictions.
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J | Hot Stocks05:55 EST Jacobs awarded role on London's Capital Program Delivery Partner Contract - Jacobs has secured a position on Transport for London's Capital Program Delivery Partner Contract working with Gardiner and Theobald. TfL will use this contract to procure all project management, construction management and project management office services and resources. TfL estimates the contract will operate for a four-year period, with immediate mobilization. The contract enables TfL's Capital Delivery teams, responsible for the delivery of all major programs and line upgrades across the TfL network, to access agile consultancy support from Jacobs. Initially, Jacobs will support projects including station improvements; asset maintenance; road improvements; line upgrades; systems; healthy streets; commercial development and major engineering projects.
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PRTY | Hot Stocks05:54 EST Party City enters restructuring pact with senior secured noteholder group - Party City Holdco announced that it has entered into an agreement with an ad hoc group of holders of more than 70% of the company's senior secured first lien notes to support an expedited restructuring that would substantially reduce PCHI's debt and optimize its capital structure and liquidity. This would ensure that PCHI is best equipped to continue to advance its transformational initiatives and enhance its market leadership in all things celebration from a strengthened financial position. To implement the company's pre-negotiated restructuring, PCHI and certain of its domestic subsidiaries filed voluntary Chapter 11 petitions for relief in the U.S. Bankruptcy Court for the Southern District of Texas. The company's subsidiaries outside of the U.S., its Party City franchise stores, and its Anagram business, which is the global market leader in foil balloons, are not part of the Chapter 11 proceedings and will continue as core components of the PCHI enterprise. PCHI has secured a commitment from the Ad Hoc Group for $150M in debtor-in-possession financing. Subject to Court approval, this "new money" financing will provide ample liquidity to support continued operations during the process across the company's retail and consumer products divisions while maintaining momentum on its transformation. The company is filing with the Court a series of customary motions seeking to maintain business-as-usual operations and uphold its commitments to its valued stakeholders. These "first day" motions, which PCHI expects to be approved in short order, include requests to continue to pay wages and provide benefits to the company's employees as usual as well as honor customer programs and policies. The company intends to pay suppliers in the ordinary course for authorized goods received and services provided after the filing. The restructuring is expected to be completed in the second quarter of 2023.
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