Stockwinners Market Radar for January 23, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

ADBE

Hot Stocks

20:46 EST Adobe CEO sells $5.2M in common stock - In a regulatory filing, Adobe disclosed that its CEO Shantanu Narayen sold 15K shares of common stock on January 20th in a total transaction size of $5.2M.
TDOC

Hot Stocks

20:04 EST Cathie Wood's ARK Investment bought 73.2K shares of Teladoc today
CERS

Hot Stocks

20:03 EST Cathie Wood's ARK Investment bought 252.2K shares of Cerus today
TSLA

Hot Stocks

20:03 EST Cathie Wood's ARK Investment bought 13.2K shares of Tesla today
GATO

Hot Stocks

20:02 EST Gatos Silver extends depth zone at Cerro Los Gatos - The company states: "Gatos Silver provided a quarterly update on the drilling and exploration programs in the Los Gatos district, including the extension of the South-East Deeps zone at its 70%-owned Cerro Los Gatos mine. As previously announced in our News Release dated October 3, 2022, drilling in the area beneath the main South-East zone discovered both silver-copper and silver-lead-zinc mineralization extending significantly below the bottom of the 2022 mineral reserve, an area that is referred to as the South-East Deeps. Prior to the discovery of the South-East Deeps, mineralization at CLG had been recognized between the elevations of ~1,050 masl and ~1,500 masl. Following the latest drilling, mineralization has now been intercepted down to an elevation of ~735 masl, with a total vertical extent of mineralization in the South-East zone now more than 650 meters and extending approximately 415 meters below the bottom of the 2022 mineral reserve. Since the October 3, 2022 announcement, drilling in the South-East Deeps zone has continued and additional assays have been received from drilling that was largely focused on step-out holes towards the NW and SE as well as at depth to continue defining the extents of the mineralized area. Based on this latest drilling, the newly identified mineralized zone now extends more than 950 meters laterally and 400 meters vertically and continues to remain open both laterally and at depth. Drilling intercepts to date have identified a higher-grade core which is where drilling will focus over the coming months before testing the extents of the zone laterally. The South-East Deeps discovery and recent drill results continue to demonstrate excellent potential for a multi-year mine life extension, taking advantage of existing surface and underground mine infrastructure for future mine development at depth in this zone."
GATO

Hot Stocks

19:57 EST Gatos Silver extends deeps zone at Cerro Los Gatos - Gatos Silver "provided a quarterly update on the drilling and exploration programs in the Los Gatos district, including the extension of the South-East Deeps zone at its 70%-owned Cerro Los Gatos mine. The Company also announced a corporate update regarding the timeline for filing outstanding financial statements."
ALPMY NVS

Hot Stocks

19:19 EST Novartis unit Sandoz to acquire Mycamine from Astellas - Novartis (NVS) unit Sandoz "has signed an agreement to acquire worldwide product rights for leading systemic antifungal agent Mycamine - micafungin sodium, Funguard - in Japan from Astellas (ALPMY). Closing is anticipated in the course of the first half of 2023. Mycamine is a leading global echinocandin, one of three major classes of antifungal agents, with a global patient base of well over two million. It is a therapy of choice in hospitals and intensive care units worldwide, a proven prophylactic in hematology and oncology patients, and widely used in organ transplants. Mycamine is indicated for treatment of invasive candidiasis and espophageal candidiasis, which are currently both on the rise with a higher occurrence of associated hospital outbreaks, as well as prevention of candida and aspergillus infections in patients undergoing hematopoietic stem cell transplantation. Astellas reported Mycamine sales of JPY 18.9 billion ($135M) for the year ending March 31, 2022."
LUV

Hot Stocks

18:57 EST Southwest dispatch staff reaches tentative agreement on contract - The company states: "Southwest Airlines and the Transport Workers Union Local 550 announced they reached a Tentative Agreement for the airline's Dispatch Employees. This Tentative Agreement covers Southwest's more than 450 Flight Dispatchers, Assistant Dispatchers, Flight Superintendents, Dispatch Specialists, and Dispatch ATC Specialists. The TWU 550 will share details directly with its members about the agreement and the voting process."
TSBK

Hot Stocks

18:19 EST Timberland Bancorp raises quarterly dividend to 23c from 22c per share - Payable on February 24 to shareholders of record on February 10.
TOST

Hot Stocks

18:17 EST Toast CEO sells $3.15M in common stock - In a regulatory filing, Toast disclosed that its CEO Christopher Comparato sold 162.3K shares of common stock on January 19th in a total transaction size of $3.15M.
ZYME

Hot Stocks

18:15 EST Zymeworks shareholder EcoR1 Capital buys $3.0M in company shares - Zymeworks shareholder EcoR1 Capital disclosed in a regulatory filing that it had purchased 307.5K shares of Zymeworks between January 19 and January 20 for a total transaction amount of $3.0M. Shares of Zymeworks are up 3.2% afterhours at $9.71.
AMZN

Hot Stocks

18:04 EST Amazon Web Services launches second infrastructure region in Australia - Amazon Web Services announced the launch of its second AWS infrastructure Region in Australia-the AWS Asia Pacific (Melbourne) Region. Starting today, developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, will have greater choice for running their applications and serving end users from AWS data centers located in Australia. AWS is planning to invest an estimated $4.5 billion (approx. A$6.8 billion) in Australia by 2037 through the AWS Asia Pacific (Melbourne) Region. "Australia has a strong history of technical innovation, and the launch of a second AWS Region in Australia provides even greater resilience and enables more customers to develop cloud-based applications that help fuel economic development across the country," said Prasad Kalyanaraman, vice president of Infrastructure Services at AWS. "The AWS Asia Pacific (Melbourne) Region adds to our ongoing infrastructure expansion and investments in Australia since we launched the AWS Asia Pacific (Sydney) Region in 2012. We are proud to deepen our investment by driving local job creation, building cloud skills, and creating opportunities for growth and collaboration with our local customers and AWS Partners."
RKLB

Hot Stocks

17:46 EST Rocket Lab preparing for first launch from Virginia - Rocket Lab USA states that it is "proceeding with a launch attempt tomorrow of the Company's first Electron mission from U.S. soil. The 'Virginia Is For Launch Lovers' mission is scheduled to launch Tuesday January 24th, from Rocket Lab Launch Complex 2 at Virginia Space's Mid-Atlantic Regional Spaceport within NASA's Wallops Flight Facility - a U.S. launch pad for Electron missions that serves government and commercial satellite customers."
AMZN

Hot Stocks

17:45 EST Amazon and payment platform Stripe in expanded global pact - Payment processing platform Stripe blogged in part earlier: "Amazon and Stripe sign an expanded global agreement, deepening the two companies' long-standing partnership. Under the new agreement, Stripe will become a strategic payments partner for Amazon in the US, Europe, and Canada, processing a significant portion of Amazon's total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay, Buy With Prime, and more... Stripe will expand its use of Amazon Web Services, Stripe's long-standing cloud infrastructure provider, to run and grow its business while reliably serving millions of internet companies. Though Stripe and Amazon have worked closely together for more than a decade, today's partnership announcement marks a new chapter in the two companies' enduring relationship. "Stripe has been a trusted partner, helping accelerate our business at every turn," said Max Bardon, vice president of payments, Amazon. "In particular, we value Stripe's reliability. Even during peak days like Prime Day, Black Friday, and Cyber Monday, Stripe delivers industry-leading uptime. We appreciate Stripe's relentless commitment to putting users first." Reference Link
HPK

Hot Stocks

17:29 EST HighPeak Energy shares jump approximately 11% after announcing possible sale - Oil and natural gas company HighPeak Energy shares advanced 11% or $2.83 per share to $29.75 in late market trading on Monday afternoon after announcing that its Board of Directors has voted to initiate a process to evaluate certain strategic alternatives to maximize shareholder value, including a potential sale of the company.
FCPT

Hot Stocks

17:17 EST Four Corners Property Trust names James Brat as COO - Four Corners Property Trust "announced that it has promoted James Brat to serve as FCPT's Chief Operations Officer. Mr. Brat joined FCPT at its inception in November 2015 as General Counsel and was promoted to Chief Transaction Officer in January 2020."
CVS

Hot Stocks

17:14 EST CVS Health names Bricker CPO, Joyner rejoins as pharmacy services president - CVS Health announced two executive appointments. David Joyner will rejoin the company as Executive Vice President and President of Pharmacy Services, while Amy Bricker has been named Executive Vice President and Chief Product Officer - Consumer."David and Amy are accomplished leaders with proven track records of anticipating and meeting customer and client needs," said CVS Health President and CEO Karen S. Lynch. "David has deep experience in pharmacy benefit management that will help us deliver on our growth strategy for the business." Joyner will join the company on January 30 and lead the Pharmacy Services segment, which provides solutions to employers, health plans, and government businesses and serves more than 110 million members through CVS Caremark CVS Specialty and other areas. He will become a member of the company's executive leadership team and report to Lynch. Joyner, a former CVS Health executive, brings more than 34 years of health care and pharmacy benefit management experience to the company.
RKLY

Hot Stocks

17:13 EST Rockley Photonics Holdings trading halted, news pending
BGI

Hot Stocks

17:02 EST Birks Group reports FY23 holiday period sales down 3.2% y/y - The company states: "Birks Group reported its sales results for the 9 week interim sales period ending January 1, 2023 resulting in a decrease of 3.2% in comparable store sales versus the remarkable FY2022 Holiday Period, during which the Company had recorded notable growth of 18.4% in comparable store sales. The FY2023 Holiday Period sales performance is equivalent to an increase in comparable store sales of 15.3% to the FY2020 Holiday Period, the most recent pre-COVID comparable period. The FY2023 Holiday Period sales performance was impacted by softer November results which we attribute to consumer prudence, as customers delayed purchases amidst an uncertain macroeconomic backdrop. This was partially offset by solid December results as the Company delivered growth in comparable store sales during the month, fueled by the performance of its Flagship stores. The December results were in large part derived from the positive performance of branded timepieces and branded jewelry, as client demand in the Canadian market remained strong for high-end luxury watches and jewelry. The 15.3% comparable store sales increase in FY2023 over the comparable period in FY2020 was a result of two elements: an increase in both the branded jewelry and branded timepieces categories resulting from the continuous improvement in third party brand portfolio mix and client offering, and an increase in average sales transaction value across all product categories."
IBTX

Hot Stocks

17:02 EST Independent Bank authorizes up to $125M share repurchase - Independent Bank said that its Board of Directors additionally authorized the company to repurchase up to $125M of its outstanding common stock through December 31, 2023, at the discretion of management.
BCOR

Hot Stocks

16:48 EST Blucora confirms director nomination notice from Engine Capital - Blucora disclosed that on January 20, Engine Capital LP provided notice of nomination of a candidate for election to Blucora's board of directors at the 2023 annual meeting of stockholders. Engine's candidate was previously proposed by Engine privately. The Board has engaged extensively with Engine's candidate and determined today that the candidate's skills and experience are not additive to those of the Board. The Board issued the following statement: "We are disappointed that Engine has taken this disruptive action, no less so because it is the second time in as many years. Blucora is executing well on all of the company's key initiatives and is performing for its stockholders. On November 1, 2022, the company announced that it had entered into an agreement to sell our tax software business, TaxAct, for $720 million in cash, subject to customary adjustments. The sale, which closed on December 19, 2022, has both simplified Blucora's business structure and will allow us to return significant capital to stockholders. The company remains on track to garner the benefits of the sale and, as previously announced in connection with the sale, the company is executing on its plans to further enhance shareholder value. These plans include rebranding to reflect our new single line of business, streamlining operations based on our forward focus on Avantax, a reduction in the size of the Board by two seats to reflect our company size and the return of between $400 to $450 million of capital to our stockholders, including through a $250 million modified "Dutch Auction" tender offer in the first quarter of 2023. As a result of the effective execution of a sustainable growth strategy, Blucora's stock is up 70% over the one-year period ended January 20, 2023, when Engine delivered its nomination notice, outpacing the performance of 97% of all companies in the Russell 3000 over that period. We are proud of the hard work of the Blucora leadership team and believe Blucora has the right plan, Board and leadership to continue to create value for Blucora's stockholders."
CIZN

Hot Stocks

16:43 EST Citizens Bank names Stacy Brantley as next CEO - The Citizens Bank, wholly owned subsidiary of Citizens Holding Company, has hired Stacy M. Brantley as its next CEO. He will join the bank in February. Prior to joining The Citizens Bank, Brantley served as Executive Vice President and Chief Banking Officer for Morris Bank of Georgia where he oversaw all lending and branch sales.
TU

Hot Stocks

16:43 EST Telus appoints Jim Senko Chief Product Officer - TELUS announced the formation of TELUS Consumer Solutions, to elevate TELUS' legacy of industry-leading customer service and meet shifting customer demands for a full range of innovative and integrated products. TELUS Consumer Solutions brings together Mobility Solutions and Home Solutions & Customer Excellence into one unified consumer team, led by Zainul Mawji as executive VP and President, TELUS Consumer Solutions. TELUS also announced the appointment of Jim Senko to the newly created role of Chief Product Officer. As Executive Vice-president and Chief Product Officer, TELUS Consumer Solutions, Jim will establish an integrated development function and lead product innovation, enabling TELUS to seamlessly deliver best-in-class solutions for its customers. Jim Senko was chosen to establish the role of Chief Product Officer, TELUS Consumer Solutions due to his proven track record in delivering innovative programmes and exceptional outcomes for TELUS' wireless customers. While Jim has made the personal decision to retire from TELUS at the end of 2023, he and Zainul will spend the year laying the groundwork for the team's ongoing success with a clear strategy and succession plan.
F

Hot Stocks

16:41 EST Ford sees Q4 pre-tax remeasurement gain of roughly $50M from pension, OPEB plans - In a regulatory filing, Ford said: "We expect to record a pre-tax remeasurement gain in our fourth quarter 2022 results of approximately $50 million related to our pension and OPEB plans. This includes a $1.7 billion loss associated with pension plans in the United States, a $450 million gain associated with pension plans outside the United States, and a $1.3 billion gain associated with OPEB plans globally. Overall, the small remeasurement gain is primarily explained by higher discount rates compared with year-end 2021 largely offset by pension asset returns that were lower than our assumptions. On an after-tax basis, the remeasurement is expected to decrease our net income by about $220 million. The decrease is due to the net deferred tax expense we expect to recognize as a result of the variability in tax rates in the jurisdictions where there are remeasurement gains or losses. Because the remeasurement is a special item, it will not impact our total Company adjusted EBIT or adjusted earnings per share. The remeasurement did not have an impact on our cash in 2022, and does not change our expectations for pension contributions in 2023. In aggregate, our funded plans remain fully funded. Including the impact of remeasurement gains and losses during 2022, we expect the underfunded status for our pension and OPEB plans to be about $0.2 billion and $4.5 billion, respectively, at year-end 2022, compared with $0.3 billion and $6.0 billion, respectively, at year-end 2021. The change to the underfunded status of our plans in the aggregate primarily reflects the impact of higher discount rates."
TTOO

Hot Stocks

16:37 EST T2 Biosystems reports preliminary Q4 cash position - Cash, cash equivalents, and restricted cash totaled $11.9M as of December 31, 2022.
DKL

Hot Stocks

16:33 EST Delek Logistics raises dividend 3% to $1.02 - Delek Logistics Partners declared its quarterly cash distribution for the Q4 of $1.02 per common limited partner unit, or $4.08 per common limited partner unit on an annualized basis. This distribution represents a 3% increase from the distribution for the Q3 of 99c per common limited partner unit and a 5% increase over Delek Logistics' distribution for the Q4 of FY21 of 97.5c per common limited partner unit. The fourth quarter 2022 cash distribution is payable on February 9 to unitholders of record on February 2.
HPK

Hot Stocks

16:32 EST HighPeak Energy to reduce drilling operations from six to four rigs in FY23 - During the first half of 2023, the company plans to reduce drilling operations from six to four drilling rigs. The company regularly assesses the financial viability of its capital development plan. Accordingly, the company intends to continue to align its 2023 and 2024 plans with the evolving economic environment. HighPeak President, Michael Hollis, commented, "We have substantially de-risked our highly contiguous acreage blocks and have positioned the Company for future, consistent strong returns. Our highly oil-weighted production stream coupled with our capital efficiency helps drive our industry leading margins which truly differentiates our assets from those of our peers. It is a testament to the quality of our asset base and the hard work of our great team that we can continue to both increase production and, at the same time, decrease expenses by utilizing fewer rigs."
HPK

Hot Stocks

16:31 EST HighPeak Energy initiates process to evaluate strategic alternatives - HighPeak Energy announced that its board of directors has voted to initiate a process to evaluate certain strategic alternatives to maximize shareholder value, including a potential sale of the company. HighPeak chairman and CEO, Jack Hightower, released the following statement: "The Board and I believe now is an opportune time to capture the value we do not consider is presently reflected in our share price. We have worked diligently over the last few years to secure this position and are poised to capitalize on the favorable energy market outlook. Many investors remain unfamiliar with the extent of de-risking that has occurred in the Eastern Howard County area of the Midland Basin. There are currently 11 oil and gas companies running 21 rigs in Howard County, with over 1,600 completions in the last three years. HighPeak successfully drilled 215 horizontal wells across the Wolfcamp and Spraberry formations since inception. Furthermore, set against an economic backdrop of increasing scarcity of premium undeveloped inventory in the Permian Basin, HighPeak has identified approximately 2,500 total locations, including approximately 1,300 delineated primary locations which have a projected average return of 95% at a flat price of $90/Bbl WTI and $4/MMBtu HH natural gas. Our production is over 90% liquids and, based on public data, our margins are the highest of any pure-play Permian Basin public company. Our primary inventory locations alone are expected to provide over 14 years of activity at a 4-rig pace, which is what we project will be needed to maintain our estimated 2024 production level of around 75,000 Boe per day. We believe our current acreage position of approximately 110,000 acres, consisting of two highly contiguous blocks, is configured optimally for efficient development. From the beginning, we had the long-term goal to both develop this acreage to maximize our returns and to minimize future infill, parent-child related issues. We have planned our facilities, infrastructure, and production corridors in an environmentally sound, efficient manner and consider our asset base, with its many years of high return inventory and first-class infrastructure and production facilities, as one of the premier acreage positions in the Midland Basin. Based on our forecast, we anticipate having self-sustaining operations and becoming cash flow positive in the second half of this year and then transitioning into consistent free cash flow generation thereafter. We believe we are currently trading at a substantial discount to our intrinsic value and our investors will benefit materially as we transition into a free cash flow mode. Likewise, we believe many companies would benefit from owning our portfolio to extend their premium inventory life and enhance their return on capital. Due to our deep, high return inventory, industry leading margins, and long-term free cash flow generating asset base, we believe that our share price should move up to the trading multiples currently realized by certain potential purchasers and large cap pure play owners of Midland Basin assets. In closing, the Board and I are excited to start this process to explore ways to maximize the Company's value for all its shareholders."
ELV

Hot Stocks

16:31 EST Elevance Health to acquire Blue Cross and Blue Shield of Louisiana - Elevance Health and Blue Cross and Blue Shield of Louisiana announced today that the companies have entered into a definitive agreement through which Elevance Health agrees to acquire Blue Cross and Blue Shield of Louisiana. BCBSLA will join Elevance Health's affiliated Anthem Blue Cross Blue Shield family of brands. This acquisition will unite two organizations deeply rooted in the communities they serve and aligned in a mission to improve whole health. Together they will continue to prioritize what is best for Louisiana's members and customers by improving access, quality, affordability, and the experience that Louisianians have trusted for almost 90 years. The combination builds on the existing collaboration in Louisiana through joint ownership of Healthy Blue, which serves Medicaid and Medicare Dual Eligible members. It will also accelerate BCBSLA's strategic evolution to improve access, affordability and quality of services delivered by BCBSLA to the more than 1.9 million members they serve with capabilities developed by Elevance Health and its healthcare services organization, Carelon. With more than $4 billion invested over the past several years, Carelon delivers behavioral health, complex and chronic care programs, and innovative digital models. "Elevance Health and Blue Cross and Blue Shield of Louisiana will combine strengths to provide services unique to the needs of Louisiana to better serve members through a whole health personalized approach," said Gail Boudreaux, President and CEO, Elevance Health. "As organizations aligned in our missions, we are excited at the opportunity to bring our leading, innovative whole-health solutions to BCBSLA's members as we work together to become a lifetime, trusted health partner." The acquisition is expected to close later this year and is subject to customary closing conditions and receipt of certain required approvals. Upon closing, Elevance Health's affiliated Anthem Blue Cross Blue Shield plans will now operate within 15 states across the country.
ENTG

Hot Stocks

16:30 EST Entegris CFO Greg Graves to retire in 2023 - Entegris "announced that Greg Graves, executive vice president and chief financial officer, plans to retire in 2023. The company has initiated a search to identify its next CFO with the assistance of a leading executive search firm and will consider both internal and external candidates. Graves will continue to serve as CFO until his successor is appointed and is expected to remain with the company through a transition period."
HPK

Hot Stocks

16:30 EST HighPeak Energy trading resumes
OCN

Hot Stocks

16:19 EST Ocwen board elects CEO Glen Messina as board chair - Ocwen announced that its board of directors has unanimously elected Glen Messina as chair of the board, effective January 23. Messina will continue to serve as president and CEO of Ocwen, a position he has held, along with serving on the board as a director, since October 2018. Messina succeeds Phyllis Caldwell, who has successfully served as chair since March 2016 and as a director since January 2015. Caldwell will remain on the board as an independent director and intends to stand for re-election at the next annual meeting.
AXLA

Hot Stocks

16:17 EST Axcella announces regulatory path to registration of AXA1125 - Axcella Therapeutics announced a regulatory path to registration of AXA1125 in the treatment of Long COVID Fatigue. The company reported that it had received regulatory guidance from The Medicines and Healthcare products Regulatory Agency, the U.K.'s regulatory agency, supporting a single trial that could serve as the registration trial for patients with Long COVID fatigue, and aligning on key measurements, including primary endpoint and trial design. Axcella will be meeting with the MHRA in the near term to discuss the Innovative Licensing and Access Pathway application. The company further reported submission of an Investigational New Drug Application to the U.S. Food and Drug Administration for a Phase 2b/3 trial. These efforts follow submission of materials to both regulatory agencies including results from the Phase 2a randomized, double-blind, placebo-controlled investigation to evaluate the efficacy and safety of AXA1125 in patients with fatigue related to Long COVID. Notably, in this study subjects who received AXA1125 experienced clinically and statistically significant improvement in mental and physical fatigue scores compared to placebo subjects. "At Axcella, we are gratified and validated that there is a clear path to advance the Long COVID program into a potential registration trial with a leading regulator," said Bill Hinshaw, CEO of Axcella. "This treatment could help millions of people around the world and there are no other agents that have demonstrated impact on the level of fatigue in a controlled trial. Many stakeholders have been eagerly anticipating a regulatory path in this new, important, and widespread disease and it is exciting to have this milestone achieved. With additional resources or collaboration, this program has the potential to advance and quickly reach patients in need."
HESM

Hot Stocks

16:16 EST Hess Midstream Partners raises quarterly dividend by 1.2% to 57c per share - The distribution will be payable on February 13, 2023 to shareholders of record as of the close of business on February 2, 2023.
RYN

Hot Stocks

16:16 EST Rayonier names Mark McHugh CFO, Doug Long CRO - Rayonier announced that Mark McHugh has been appointed to the position of President and Chief Financial Officer, effective January 20, 2023. In addition to his current duties as CFO, Mr. McHugh will take on a greater role in leading our strategic planning efforts as well as participating in broader operational and personnel decision-making. He will continue to report to David Nunes, Chief Executive Officer. In addition, Doug Long has been appointed to the position of Executive Vice President and Chief Resource Officer, effective January 20, 2023. In this expanded role, Mr. Long will continue to oversee our global forestry operations, while also devoting more time toward developing business opportunities around nature-based climate solutions. "This promotion reflects Doug's outstanding leadership of our forest resources organization as well as the growing importance of nature-based climate solutions to our long-term strategic vision," said Nunes. Mr. Long joined Rayonier in 1995 and most recently served as Senior Vice President, Forest Resources. He will continue to report to David Nunes, Chief Executive Officer.
CPRI

Hot Stocks

16:15 EST Capri Holdings names Cedric Wilmotte CEO of Michael Kors - Capri Holdings announced that Cedric Wilmotte will be appointed Chief Executive Officer of the Michael Kors brand effective April 3, 2023. Wilmotte recently served as the interim Chief Executive Officer for Versace from January through September 2022 and is currently Versace's Chief Operating Officer. Prior to his time at Versace, Mr. Wilmotte led the Michael Kors EMEA business from its inception in 2008 through 2021. During his tenure as President of Michael Kors EMEA, Mr. Wilmotte was responsible for Michael Kors' significant growth in the region. Before joining Michael Kors, Mr. Wilmotte held senior leadership positions at Marc Jacobs in Paris from 2004 to 2008 and at Donna Karan in New York, London and Milan from 1998 to 2004. John D. Idol, Chairman and Chief Executive Officer of Capri Holdings said, "I am thrilled to welcome Cedric back to the Michael Kors team as our new Chief Executive Officer. Cedric is a strong leader with extensive retail and merchandising experience and has a deep understanding of the Michael Kors brand and consumer."
ENVX

Hot Stocks

16:15 EST Enovix CTO Ashok Lahiri to retire, chief commercial officer Cam Dales to depart - Enovix announced that Ashok Lahiri will retire as CTO, effective February 1, but will continue to support the company by leading its technical advisory board, in addition to other advisory and support roles. Enovix also announced that chief commercial officer Cam Dales will also depart on February 1. Ralph Schmitt, Enovix's current senior VP of sales and business development, will succeed Dales as chief commercial officer, also effective February 1.
ZION

Hot Stocks

16:14 EST Zions Bancorp reports Q4 net interest income up 30% y/y at $720M - Reports Q2 net interest margin 3.53% vs. 2.58% y/y
CDLX

Hot Stocks

16:11 EST Cardlytics appoints Amit Gupta as COO - Cardlytics announced the appointment of Amit Gupta as its COO, reporting directly to Karim Temsamani, CEO. Effective immediately, Gupta will lead Cardlytics' overall operations, strategy, and business analytics, where he will closely align with sales, product, and engineering leadership to deliver an optimized platform that exceeds both advertiser and partner expectations. In addition, Gupta will serve as the general manager of Bridg, where Cardlytics can leverage his experience running and scaling businesses. Amit Jain, current CEO of Bridg, will work closely with Gupta as he transitions out of the business over the next several months. Gupta joins Cardlytics from Stripe where he was Head of Strategy and Operations for Global Partnerships, responsible for work with banks, networks, and payment methods.
MITQ

Hot Stocks

16:11 EST Moving iMage names William Greene interim CFO - Moving iMage Technologies named William "Bill" Greene as interim chief financial officer, effective immediately. Greene brings an extensive background in public accounting, SEC reporting, capital raising, M&A due diligence and internal controls working as a CFO, Big 8 auditor and financial consultant for both public and private companies. Greene holds a B.S. in Business Administration, with a concentration in Accounting from the California State University - Dominguez Hills.
EB

Hot Stocks

16:10 EST Eventbrite names Ted Dworkin as Chief Product Officer - Eventbrite "announced it has hired Ted Dworkin as Chief Product Officer. Reporting directly to the CEO, Dworkin will lead the global product management, design and research teams that create innovative products to help event creators worldwide grow their businesses and consumers discover unique live events."
INTC

Hot Stocks

16:10 EST Intel names Frank Yeary new independent chair - Intel Corporation announced that Frank D. Yeary has been appointed as the new independent chair of its board of directors. This follows Dr. Omar Ishrak's decision to step down as chair. Ishrak will remain on Intel's board as an independent director and continue to serve on the audit and finance committee and corporate governance and nominating committee. "I'm pleased to welcome Frank as chair of Intel's board. His expertise in unlocking stockholder value, focus on corporate governance and familiarity with Intel are powerful assets to both the board and the company as we execute our strategy," said Pat Gelsinger, CEO of Intel. "I also want to thank Omar for his tremendous contributions as chair. He was instrumental in bringing me back to the company as CEO and has fostered a high-impact working dynamic across the board and management team. I look forward to his continued service as a valued member of the board."
CDXS

Hot Stocks

16:08 EST Codexis appoints Sri Ryali as CFO effective immediately - Codexis announced the appointment of Sri Ryali as Chief Financial Officer effective immediately. Ryali brings 20 years of finance and commercial experience in life sciences to Codexis. In this role, Mr. Ryali will lead all aspects of the Company's financial operations and will report directly to Dr. Stephen Dilly, President and Chief Executive Officer of Codexis."I am excited to announce the addition of Sri to Codexis as we continue to build a top executive leadership team with the strategic acumen, operational experience and commercial mindset to deliver on our prioritized corporate goals," said Dr. Dilly. "2023 is a pivotal year for our Company as we execute on our plan to focus resources on programs with the greatest potential for commercial success. Sri's extensive experience leading financial organizations within biopharmaceutical companies, including providing critical leadership and oversight for several new product launches, will be central to our ongoing efforts to create long-term shareholder value."
SFNC

Hot Stocks

16:07 EST Simmons First National declares quarterly dividend of 20c per share - Payable on April 3 to shareholders of record as of March 15. The cash dividend rate represents an increase of 1c per share, or 5%, from the dividend paid for the same time period last year.
HPK

Hot Stocks

16:00 EST HighPeak Energy trading halted, news pending
SUMO

Hot Stocks

15:00 EST Sumo Logic up 25% after Information's report on PE approaches - Shares of Sumo Logic are up $1.90, or 25%, to $9.57 in afternoon trading following the report regarding private equity interest.
SUMO

Hot Stocks

14:55 EST Sumo Logic trading resumes
SUMO

Hot Stocks

14:50 EST Sumo Logic trading halted, volatility trading pause
MSFT

Hot Stocks

14:46 EST Microsoft's 343 says it will continue to develop 'Halo' franchise - Microsoft subsidiary 343 Industries released a statement over the weekend confirming that the studio will continue to oversee development of the "Halo" video game franchise "now and in the future." The statement comes in response to reports suggesting that future "Halo Infinite" content could potentially be done by different studios. Reference Link
PARA DIS

Hot Stocks

14:09 EST Association of Pickleball Professionals announces broadcast deals with CBS, ESPN - The Association of Pickleball Professionals, or APP, has announced deals with CBS Sports (PARA) and ESPN (DIS) to deliver hundreds of hours of APP Tour pickleball programming throughout 2023, including 12 hours of live matches and highlight-driven programs on CBS Sports Network, eight hours of event recap telecasts on ESPN2 and more than 200 hours of live streaming coverage on ESPN+ and APP TV. Reference Link
BOH

Hot Stocks

13:51 EST Bank of Hawaii CFO sees having reached near-term margin peak - Asked during the company's Q4 earnings call he thinks the bank may have reached peak margins at this point in the cycle, Bank of Hawaii CFO Dean Shigemura replied, according to a transcript of the call: "Yes. I think near term, we have reached peak margins in the quarter. So modest decreases at least in the first and second quarters."
CPRX TEVA

Hot Stocks

13:37 EST Catalyst comments on the FDA's position on orphan drug exclusivity - Catalyst Pharmaceuticals (CPRX) commented on the FDA's notice setting forth its position on Orphan Drug Exclusivity in light of the 11th Circuit's decision in Catalyst Pharmaceuticals, Inc. v. Becerra, stating: "The FDA announcement states that while the FDA is complying with the 11th Circuit decision in Catalyst's favor with respect to FIRDAPSE, the FDA intends to continue to apply its regulations tying the scope of orphan drug exclusivity to the uses or indications for which a drug is approved with respect to other orphan drugs. Catalyst reports that it is not affected by the FDA's newly announced position and that the FDA's announcement confirms the FDA's previous decision to set aside the approval of RUZURGI as a result of the 11th Circuit's decision. Further, Catalyst acquired the United States rights to RUZURGI, including all intellectual property relating thereto, in July 2022. Finally, Catalyst's supplemental New Drug Application expanding its label for FIRDAPSE to children ages 6-17 was approved by the FDA in September 2022." Separately, Catalyst announced this morning that an abbreviated new drug application has been filed by Teva Pharmaceuticals (TEVA), seeking authorization from the FDA to manufacture, use, or sell a generic version of FIRDAPSE in the United States. "As Catalyst has previously reported, the filing of a Paragraph IV challenge to FIRDAPSE was not unexpected, and Catalyst intends to vigorously enforce its intellectual property rights relating to FIRDAPSE," the company stated.
SBNY

Hot Stocks

13:11 EST Signature Bank says intentionally managing digital asset deposits to lower level - In response to a Wall Street Journal article, the company said, "The article also incorrectly states that Signature Bank is 'rushing to stem a flood of customer withdrawals.' In the fourth quarter of 2022, the Bank announced a plan to purposely decrease deposits in the digital asset banking space by reducing the size of relationships; thus, these deposits are declining as the Bank is intentionally managing them to a lower level. Signature Bank is replacing these deposits primarily with advances from the Federal Home Loan Bank of New York in the short-term. The Bank's relationship with the FHLBNY spans more than two decades. Signature Bank, a well-diversified institution spanning many business lines, naturally aligns with the FHLB, particularly with its multifamily lending, and is deeply committed to providing funds to support housing within the local communities it serves. As evidence of this commitment, Signature Bank has been a top three multi-family lender in the New York metro area since 2009; in some years, the Bank was the leading multi-family lender. Signature Bank is also one of the largest financers of low-to-moderate income multifamily housing in New York. Again, this commitment to housing is completely aligned with the FHLBNY's mission to meet the housing finance and community development needs of its members' communities. Signature Bank's total portfolio for multifamily lending was $19.5 billion as of December 31, 2022, and the Bank originated $5.4 billion over the course of the last year. As of year-end, Signature Bank's FHLB advances amounted to 10 percent of total assets, which is within its normal range, as the Bank has historically operated over 10 percent. This level of FHLB advances is in line with peers. Although the Bank remains well positioned with sufficient liquidity, the Bank plans to reduce its borrowings with other deposits over time. Signature heavily invests in highly liquid government agency securities, totaling $24.5 billion, of which $23.5 billion is pledged with the FHLB. The FHLB can easily liquidate these securities, if necessary."
SBNY

Hot Stocks

13:07 EST Signature Bank says it does not lend in the crypto space - In response to a Wall Street Journal article, the company said, "The headline falsely refers to Signature Bank as a 'crypto lender.' Signature Bank does not lend in the crypto space, nor does it have loans that are backed by crypto assets. Additionally, the Bank does not invest, does not hold, and does not custody crypto assets. Signature Bank's relationships with clients in the crypto space are limited to U.S. dollar-denominated deposits only."
SBNY

Hot Stocks

13:06 EST Signature Bank calls Wall Street Journal article 'inaccurate' - Signature Bank addressed an article that appeared in the Monday, January 23, 2023 edition of the Wall Street Journal titled "U.S. Home-Loan Banks Help Crypto Lenders Stem Outflows." The company said, "The article includes inaccurate statements that the Bank would like to clarify. The headline falsely refers to Signature Bank as a 'crypto lender.' Signature Bank does not lend in the crypto space, nor does it have loans that are backed by crypto assets. Additionally, the Bank does not invest, does not hold, and does not custody crypto assets. Signature Bank's relationships with clients in the crypto space are limited to U.S. dollar-denominated deposits only. The article also incorrectly states that Signature Bank is 'rushing to stem a flood of customer withdrawals.' In the fourth quarter of 2022, the Bank announced a plan to purposely decrease deposits in the digital asset banking space by reducing the size of relationships; thus, these deposits are declining as the Bank is intentionally managing them to a lower level. Signature Bank is replacing these deposits primarily with advances from the Federal Home Loan Bank of New York in the short-term."
KULR

Hot Stocks

12:56 EST KULR Technology CEO says 'time to stand up to naked short selling' - KULR Technology CEO Michael MO said in a tweet that, "It's time to stand up to naked short selling. It's predatory and it's illegal. We must do everything to ensure the health of publicly traded markets. Looking forward to seeing how the $HLBZ and $GNS investigations progress. #NakedShortWar" Reference Link
HLBZ

Hot Stocks

12:28 EST Helbiz hires ShareIntel to assist in battle against illegal short selling - Helbiz entered into a service agreement with ShareIntel to further assist in their efforts to combat alleged illegal short selling activities on their stock. ShareIntel will utilize its patented process called DRIL-Down to aggregate and analyze repository data from reporting entities, broker-dealers and shareholders, enabling Helbiz Inc. to proactively track shareholder ownership, identify parties to suspicious, aberrant or unusual trading activity and deploy corrective action steps to help curtail such activity.
BLDP SHEL

Hot Stocks

12:26 EST Ballard Power announces order from CrossWind to supply fuel cell system - Ballard Power Systems (BLDP) announced an order for a fuel cell system to CrossWind, a joint-venture between Shell (SHEL) and Eneco. The Ballard fuel cell system will be integrated in the Hollandse Kust Noord offshore wind project. The Hollandse Kust Noord offshore wind project, located off the coast of the Netherlands, will have a capacity of 759 MW to generate at least 3.3 TWh per year. This is enough renewable power to supply the equivalent of more than 1 million Dutch households with green electricity. CrossWind intends to use various new technologies to manage the intermittent wind power generation, including the use of water electrolysis to convert wind power into green hydrogen for energy storage. Ballard's hydrogen fuel cells will utilize the green hydrogen as fuel to regenerate stable and dispatchable power. Ballard will supply a containerized fuel cell power solution with a peak power capacity of 1 MW, with delivery expected in 2024.
EVEX

Hot Stocks

12:00 EST Eve Holding falls -11.7% - Eve Holding is down -11.7%, or -86c to $6.48.
SOXS

Hot Stocks

12:00 EST Direxion Daily Semiconductor Bear 3X Shares falls -12.5% - Direxion Daily Semiconductor Bear 3X Shares is down -12.5%, or -$3.54 to $24.74.
VOC

Hot Stocks

12:00 EST VOC Energy Trust falls -22.3% - VOC Energy Trust is down -22.3%, or -$2.92 to $10.17.
SOXL

Hot Stocks

12:00 EST Direxion Daily Semiconductor Bull 3X Shares rises 12.9% - Direxion Daily Semiconductor Bull 3X Shares is up 12.9%, or $1.65 to $14.44.
AQUA

Hot Stocks

12:00 EST Evoqua Water rises 13.2% - Evoqua Water is up 13.2%, or $5.42 to $46.45.
W

Hot Stocks

12:00 EST Wayfair rises 25.3% - Wayfair is up 25.3%, or $11.83 to $58.62.
IONS BIIB

Hot Stocks

11:53 EST Ionis confirms FDA to hold advisory committee meeting on tofersen NDA - Ionis (IONS) issued the following statement about the FDA advisory committee meeting on tofersen: "On Jan. 23, the Federal Register published a notice that the U.S. Food and Drug Administration will convene a virtual meeting of the Peripheral and Central Nervous System Drugs Advisory Committee to review data supporting the New Drug Application for tofersen, an investigational medicine for the treatment of superoxide dismutase 1 amyotrophic lateral sclerosis - SOD1-ALS. The advisory committee meeting is scheduled for March 22, 2023. SOD1-ALS is an ultra-rare genetic form of ALS that affects approximately 330 people in the U.S.1 It is progressive, leads to the loss of everyday functions and is uniformly fatal. The NDA for tofersen has a Prescription Drug User Fee Act action date of April 25, 2023. Additional details about the advisory committee meeting can be found in a separate statement by Biogen which is available on their website." Reference Link
BCC

Hot Stocks

11:39 EST Boise Cascade plans door shop facility in Kansas City - Boise Cascade Company announced the planned addition of its 10th door shop. Located in Kansas City, this new 150,000 sq. ft. millwork facility is expected to begin production in June 2023. Boise Cascade's Building Materials Distribution division currently operates nine millwork manufacturing and distribution locations offering pre-hung doors and other products in some of the country's fastest growing markets. The Company will continue to partner with brands such as Therma-Tru featuring Tru-Guard Composite Technology as well as PrismaGuard premium finishing options, Simpson wood doors, and Steves & Sons interior doors.
BIIB

Hot Stocks

11:17 EST Biogen says FDA to convene advisory committee meeting for tofersen - Biogen announced that on January 23, the Federal Register published a notice that the U.S. Food and Drug Administration will convene a virtual meeting of the Peripheral and Central Nervous System Drugs Advisory Committee for the New Drug Application, or NDA, for tofersen, an investigational product for the treatment of superoxide dismutase 1, or SOD1, amyotrophic lateral sclerosis, or ALS. "The advisory committee meeting is scheduled for March 22, 2023 and will be available for live streaming. The FDA intends to make the advisory committee meeting's background materials available to the public no later than two business days before the meeting, according to the notice. The FDA said if they are unable to post the background materials on its website prior to the advisory committee meeting, the background material will be made publicly available on the FDA's website at the time of the advisory committee meeting. SOD1-ALS is an ultra-rare genetic form of ALS that affects approximately 330 people in the U.S.1, it is progressive, leads to the loss of everyday functions and is uniformly fatal. Biogen's NDA for tofersen was accepted for priority review by the FDA under the accelerated approval pathway and has a Prescription Drug User Fee Act action date of April 25, 2023," Biogen stated. Reference Link
VERY

Hot Stocks

11:00 EST Vericity Inc trading resumes
VERY

Hot Stocks

10:55 EST Vericity Inc trading halted, volatility trading pause
PBI

Hot Stocks

10:46 EST Pitney Bowes comments on Hestia Capital's actions - Pitney Bowes acknowledged receipt of Hestia Capital's notice of nomination of seven director candidates, constituting a majority slate of director candidates, to the Pitney Bowes Board of Directors in connection with the Company's upcoming annual meeting of shareholders. Pitney Bowes said: "Consistent with its fiduciary duty to shareholders and the Company's governing documents, the Board will review any properly noticed nominations in due course. Shareholders are not required to take any action at this time. The Board and management team have engaged in an open and good faith dialogue with Hestia over many months. Contrary to Hestia's assertion, Pitney Bowes is always interested in considering well-qualified candidates to join the Board. Moreover, the Board offered to appoint two candidates proposed by Hestia to the Board in December. However, Hestia was unwilling to reach a reasonable compromise. Instead, both their current and prior public announcements demonstrate that they are more interested in fighting than in engaging in constructive conversations to benefit all shareholders, not just themselves. Furthermore, throughout discussions with Hestia, they demonstrated a fundamental misunderstanding of the Company and have failed to articulate a strategy that would justify ceding control of the Company to them. Pitney Bowes will continue to seek the right path forward that is in the best interests of all shareholders, including potential additions of well qualified candidates to the Board of Directors. The Company will not let Hestia's unwillingness to seek common ground stand in the way."
MSFT

Hot Stocks

10:35 EST Microsoft announces multibillion-dollar investment in ChatGPT maker - In a company blog post, Microsoft announced the third phase of its long-term partnership with OpenAI through a multiyear, multibillion dollar investment to accelerate AI breakthroughs. The company said, "This agreement follows our previous investments in 2019 and 2021. It extends our ongoing collaboration across AI supercomputing and research and enables each of us to independently commercialize the resulting advanced AI technologies. Supercomputing at scale - Microsoft will increase our investments in the development and deployment of specialized supercomputing systems to accelerate OpenAI's groundbreaking independent AI research. We will also continue to build out Azure's leading AI infrastructure to help customers build and deploy their AI applications on a global scale. New AI-powered experiences - Microsoft will deploy OpenAI's models across our consumer and enterprise products and introduce new categories of digital experiences built on OpenAI's technology. This includes Microsoft's Azure OpenAI Service, which empowers developers to build cutting-edge AI applications through direct access to OpenAI models backed by Azure's trusted, enterprise-grade capabilities and AI-optimized infrastructure and tools. Exclusive cloud provider - As OpenAI's exclusive cloud provider, Azure will power all OpenAI workloads across research, products and API services." Reference Link
IAS

Hot Stocks

10:26 EST Integral Ad Science appoints Kevin Alvero as head of global compliance - Integral Ad Science announced the appointment of Kevin Alvero as Head of Global Compliance, effective immediately. Alvero will lead the global accreditation process and manage compliance worldwide for IAS. Prior to joining IAS, Alvero was Senior Vice President, Internal Audit, Compliance, and Governance at Nielsen Holdings.
SEDG

Hot Stocks

10:18 EST SolarEdge products meet South Australia's Dynamic Export regulations - SolarEdge announced that its products have met the new Dynamic Export requirements as part of the South Australian Government's plan to stabilize the grid with sophisticated, remote cloud control technologies. The company said, "SolarEdge is the first vendor to certify and offer this native dynamic export service to SA Power Network."
CMHF

Hot Stocks

10:17 EST Community Heritage raises quarterly dividend 50% to 6c per share - Community Heritage Financial announced its Board of Directors declared a quarterly cash dividend on its common stock of 6c per share. This represents an increase of 50% from the previous quarterly dividend of 4c per share. The dividend is payable on February 10, 2023 to shareholders of record on February 3, 2023.
AGQ

Hot Stocks

10:00 EST ProShares Ultra Silver falls -8.6% - ProShares Ultra Silver is down -8.6%, or -$2.73 to $29.07.
XYL

Hot Stocks

10:00 EST Xylem falls -9.9% - Xylem is down -9.9%, or -$10.88 to $99.31.
EVEX

Hot Stocks

10:00 EST Eve Holding falls -11.5% - Eve Holding is down -11.5%, or -84c to $6.50.
GOTU

Hot Stocks

10:00 EST Gaotu Techedu rises 11.3% - Gaotu Techedu is up 11.3%, or 43c to $4.22.
AQUA

Hot Stocks

10:00 EST Evoqua Water rises 11.2% - Evoqua Water is up 11.2%, or $4.62 to $45.65.
W

Hot Stocks

10:00 EST Wayfair rises 25.4% - Wayfair is up 25.4%, or $11.88 to $58.67.
META

Hot Stocks

09:53 EST Meta expands partnership with NBA, WNBA as league's official VR headset - Meta Platforms announced that it is expanding its partnership with the NBA and WNBA as the league's official VR headset, bringing the excitement of professional basketball in VR to a new level. Users "can watch more than 50 upcoming games in XTADIUM and Meta Horizon Worlds on Meta Quest. XTADIUM gets you closer to sports action than ever before with high-quality video and the ability to host watch parties with friends. And in the future, fans will be able to watch even more content in the app with an NBA League Pass subscription," the company said in a statement. Five games will feature celebrity broadcasters and be shown in 180-degree immersive VR, and WNBA games, NBA G League games and NBA 2K League games will be available to watch as well. In Meta Horizon Worlds, users will also be able to access game highlights, recaps and archival content.Reference Link
BNTC

Hot Stocks

09:50 EST Benitec Biopharma enrolls first OPMD subject into clinical development program - Benitec Biopharma announced the enrollment of the first oculopharyngeal muscular dystrophy patient into the OPMD natural history phase of the BB-301 clinical development program. The OPMD Natural History Study represents the 6-month pre-treatment observation period for each OPMD subject prior to the administration of BB-301 for the treatment of OPMD-related dysphagia. Upon the completion of 6-months of radiographic and clinical assessments required for the NH Study, participants will be eligible for enrollment into the BB-301 Phase 1b/2a treatment study in which BB-301 will be administered. The OPMD NH Study will facilitate the characterization of OPMD patient disposition at baseline and assess subsequent rates of progression of dysphagia via the use of the following quantitative radiographic measures, with the VFSS outlined below collectively providing objective assessments of swallowing safety, swallowing efficiency, and the functional capacity of the specific pharyngeal constrictor muscles underlying the progression of dysphagia in OPMD patients: Total Pharyngeal Residue %; Pharyngeal Area at Maximum Constriction; Dynamic Imaging Grade of Swallowing Toxicity Scale; Vallecular Residue %, Pyriform Sinus Residue %, and Other Pharyngeal Residue; Normalized Residue Ratio Scale; Pharyngeal Construction Ratio. The NH study will also employ clinical measures of global swallowing capacity and oropharyngeal dysphagia, along with two distinct patient-reported outcome instruments targeting the assessment of oropharyngeal dysphagia. Upon the achievement of 6-months of follow-up in the NH Study, participants will be eligible for enrollment into the planned BB-301 Phase 1b/2a treatment study.
AGQ

Hot Stocks

09:47 EST ProShares Ultra Silver falls -7.9% - ProShares Ultra Silver is down -7.9%, or -$2.52 to $29.28.
EVEX

Hot Stocks

09:47 EST Eve Holding falls -8.6% - Eve Holding is down -8.6%, or -63c to $6.71.
XYL

Hot Stocks

09:47 EST Xylem falls -8.7% - Xylem is down -8.7%, or -$9.60 to $100.58.
IAA

Hot Stocks

09:47 EST IAA rises 6.6% - IAA is up 6.6%, or $2.68 to $43.33.
AQUA

Hot Stocks

09:47 EST Evoqua Water rises 13.0% - Evoqua Water is up 13.0%, or $5.33 to $46.36.
W

Hot Stocks

09:47 EST Wayfair rises 18.8% - Wayfair is up 18.8%, or $8.81 to $55.60.
BTB

Hot Stocks

09:46 EST Bit Brother Limited mines 2.39 bitcoin - Bit Brother announces all 1,400 S19J Pro cryptocurrency mining servers have been operating with the total hash rate of 140,000 TH/S in Texas mining farm, which is owned by BTB's subsidiary Bit Brother New York and 2.39 Bitcoin has been mined.
TSPG

Hot Stocks

09:44 EST TGI Solar Group to acquire Shelly North Carolina, terms not disclosed - TGI Solar Power Group announced the closing of its business combination with Shelly North Carolina, Inc. Shelly AI solutions empower companies to be more responsive, agile, and engaging with their customers, while dominating their markets and surpassing revenue projections. The two companies will look to finalize the deal as soon as the requisite due diligence reviews have been completed. As part of combination strategy Mr. Val will resign as TGI's CEO and Mr. Philippe Machuel, CEO of Shelly, will take over position of CEO of TGI as well as join the Board of Directors. Sara Machuel is going to be the the head of European Operation in Paris, France and in charge of global business development. As part of this reorganization strategy, TGI terminates its agreement with XR-LABS. The agreement is terminated, neither party will have any liability to the other except with respect to certain provisions of the agreement, such as confidentiality, governing law, interpretative and other provisions that are necessary to maintain the confidentiality of each party's information after agreement is terminated and to maintain the governing terms of the agreement in the event of a post termination dispute regarding the validity of termination itself.
IINN

Hot Stocks

09:31 EST Inspira Technologies granted patent for INSPIRA ART System - Inspira Technologies announced that the novel convertible dual lumen cannula device and method of use, being developed for the INSPIRA ART System, has been granted a patent by the U.S. Patent and Trademark Office. The patent approval includes 20 claims that were found to be novel, with inventive step and industrial applicability. Based on the U.S. patent grant, the company plans to file for similar patents in additional countries. The company expects to integrate the convertible dual lumen cannula with additional Inspira products in the future. In addition, the company may consider the future commercialization of the convertible dual lumen cannula separately as a disposable product.
GEHC

Hot Stocks

09:27 EST GE HealthCare, Windsor Regional Hospital enter long-term MES agreement - Windsor Regional Hospital and GE HealthCare announced a 15-year Managed Equipment Service agreement to deliver innovative technology solutions and services to the communities WRH serves to help enable better patient outcomes, improve efficiencies for clinicians and staff, and expected significant cost savings to the hospital for years to come. This collaboration between GE HealthCare and the WRH clinical engineering team will provide system predictability and service resilience to help WRH deliver the future of healthcare. Through this agreement, GE HealthCare will take responsibility for the ongoing acquisition, installation, maintenance, and staff training for the majority of the medical technology utilized by WRH, including diagnostic imaging, surgical, cardiology and emergency department equipment, and more. This agreement is part of an emerging MES trend in Ontario hospitals, providing WRH with access to the most up-to-date medical technology at a predictable fee, along with regular performance reviews and product management.
CETX

Hot Stocks

09:25 EST Cemtrex postpones reverse split to January 25 - Cemtrex announced that the planned split of its outstanding common stock that was to be effective on January 23, 2023 has been postponed until January 25th 2023. The reverse stock split is primarily intended to bring the Company into compliance with the minimum average closing share price requirement for maintaining its listing on the Nasdaq Capital Market. The Company's common stock will continue to trade under the symbol "CETX". Upon the effectiveness of the reverse stock split, every thirty five shares of issued and outstanding common stock will be combined into one issued and outstanding share of common stock, with no change in par value per share. The Company's common stock will open for trading on Nasdaq on January 25, 2023 on a post-split basis trade under a new CUSIP Number, 15130G 709. The reverse stock split will reduce the number of shares of the Company's outstanding common stock from approximately 27,778,856 shares to approximately 793,682 shares. No fractional shares will be issued as a result of the reverse stock split. Any fractional shares that would result from the reverse stock split will be rounded up to the nearest whole share.
SPRC

Hot Stocks

09:24 EST SciSparc to investigate concerns of illegal trading of ordinary shares - SciSparc announced that its board of directors has decided to examine alternative measures to address concerns of illegal short sales of its ordinary shares. The Company believes that certain individuals and/or companies may have engaged in illegal short sale practices that have artificially depressed the Company's share price. As a result, SciSparc is evaluating several options and following the example of other public companies listed on Nasdaq and NYSE American like Helbiz, Inc. and Genius Group Ltd, and plans to retain third party professionals to review trading patterns of the Company's ordinary shares.
XXII

Hot Stocks

09:24 EST 22nd Century enters agreement with Transo-Pharm for cannabinoid APIs - 22nd Century and GVB Biopharma have entered into an agreement with Cannabinoid API Solutions and Transo-Pharm for global sales, marketing and distribution of GVB's Cannabinoid APIs. The company said, "With more than 35 years of industry experience as a leading global supplier of pharmaceutical grade APIs, Transo-Pharm is a well-established supplier and distributor of pharmaceutical APIs to a broad portfolio of branded and generic finished drug product manufacturers, including more than 75 current active ongoing development programs. Transo-Pharm is partnered with an extensive range of reputable multinational pharmaceutical companies, all of which will have immediate access to GVB's cannabinoid APIs."
XXII

Hot Stocks

09:22 EST 22nd Century files U.S. DMF with FDA for CBD API - 22nd Century Group announced filing of a U.S. Drug Master File to the US Food & Drug Administration for cannabidiol API from GVB Biopharma, a 22nd Century Group Company. The company said, "The submission demonstrates 22nd Century Group's absolute commitment to supplying high quality pharmaceutical grade API to the pharmaceutical industry and OTC markets."
TRNO

Hot Stocks

09:19 EST Terreno Realty executes lease in Northern New Jersey - Terreno Realty announced that it has executed a lease for 192,000 square feet in Northern New Jersey with a transportation and logistics services provider. The lease will commence April 1 and will expire November 2028. Terreno Realty Corporation executed an early termination agreement with an existing tenant in the 192,000 square foot space effective March 31.
ONDS

Hot Stocks

09:18 EST Ondas completes acquisition of Airobotics - Ondas Holding announced it has completed the previously announced acquisition of AIROBOTICS, an Israeli-based developer of autonomous unmanned aircraft systems and automated data analysis and visualization platforms, effective January 23, 2023. Pursuant to the definitive acquisition agreement, each issued and outstanding share of Airobotics was converted into, and exchanged for, 0.16806 shares of Ondas common stock. Ondas issued approximately 2.8 million shares as consideration to the Airobotics shareholders. As a result of the acquisition, the Company will be dual listed on Nasdaq and the Tel Aviv Stock Exchange. The first trading day of the Company's shares on TASE is expected to be January 26, 2023.
LTTSF

Hot Stocks

09:17 EST Lotus Ventures launches Keylime Kush cultivar in British Columbia - Lotus Ventures announced the first official Lotus Cannabis branded flower is now available in British Columbia. Lotus is introducing the Keylime Kush, which builds on the Company's tradition of bringing first-to-market and exclusively grown genetics into the legal Canadian space. The Keylime Kush is available for BC retailers to purchase through the BC Cannabis Wholesale website and is expected to be available for consumers as early as today.
CACI

Hot Stocks

09:12 EST CACI awarded prime contract worth up to $284 M by NSA - CACI International announced that it has been awarded a single-award prime contract worth up to $284M by the National Security Agency NSA to provide mission expertise and systems engineering support for NSA's Cybersecurity Directorate. As the pace and scope of cybersecurity threats continue to increase, CACI's specialized expertise and knowledge in cybersecurity will help engineer solutions for some of our nation's most critical national security missions. Under the five-year contract, CACI will help to modernize NSA's systems engineering practices across their extended enterprise. John Mengucci, CACI President and Chief Executive Officer, said, "This award reflects CACI's ongoing commitment to support the NSA's critical missions. We appreciate the NSA's trust and confidence in our ability to find the right people with the right skills to protect these systems against an everchanging range of threats and to bring engineering solutions to reality."
QLGN

Hot Stocks

09:12 EST Qualigen Therapeutics promotes Abugan to VP, Head of Diagnostics - Qualigen Therapeutics announces the promotion of Benedict Abugan to Vice President, VP, Head of Diagnostics and Corporate Communications. Abugan has over two decades of experience in medical diagnostics and therapeutics. He joined Qualigen as a scientist in 2000, supporting the feasibility, development, and successful commercialization of several Qualigen FastPack products.
NNDM

Hot Stocks

09:11 EST Nano Dimension delivers 3D printer to Karlsruhe Institute of Technology - Nano Dimension announced that it has delivered the Admaflex130 Evolution, which is the first of its next generation high precision ceramics and metal fabrication system, to the Karlsruhe Institute of Technology.
VTR

Hot Stocks

09:11 EST Ventas names J. Justin Hutchens to additional role of chief investment officer - Ventas announced that J. Justin Hutchens, Executive Vice President, Senior Housing, has been appointed to the additional role of Chief Investment Officer, effective immediately. In his expanded role, Hutchens will be responsible for Ventas's capital allocation strategy and execution across the enterprise in addition to his current responsibility for the Company's Senior Housing portfolio. He will oversee both the Senior Housing and Investments teams and continue to report directly to Ventas Chairman and CEO Debra A. Cafaro.
CPXWF

Hot Stocks

09:10 EST Capital Power renews partnership with Art Gallery of Alberta - Capital Power has renewed its partnership with the Art Gallery of Alberta for the Capital Power Indigenous Art Fund which supports and celebrates Indigenous art and artists. In action of reconciliation, exhibitions, programming and free admission days will be provided for visitors to experience Indigenous culture and artistry at this world-class venue.
NWVCF

Hot Stocks

09:09 EST EnWave provides corporate update on operating subsidiary - EnWave announced that it will commence an orderly wind-down and value maximization process for its operating subsidiary, NutraDried Food Company. NutraDried's financial performance through the past three fiscal years has deteriorated materially and, after assessing the long-term prospects for NutraDried, EnWave's Board of Directors and executive management have determined that NutraDried will not achieve the performance standards that EnWave requires for future ownership and support. NutraDried intends to fulfill purchase orders from customers through the next few months pursuant to available inventory. This process with NutraDried will allow EnWave to materially reduce expenditures previously dedicated to NutraDried and direct this capital toward advancing the core business strategy of the Company. This process is expected to be completed in fiscal 2023. Management believes that the completion of this process will be cash neutral or cash positive to EnWave.
EOLS

Hot Stocks

09:08 EST Evolus receives regulatory approval for Nuceiva in Australia - Evolus announced that the Australian Therapeutic Goods Administration TGA has provided regulatory approval for Nuceiva, prabotulinumtoxinA, a neurotoxin dedicated exclusively to aesthetics. Nuceiva was approved for the temporary improvement in the appearance of moderate to severe glabellar lines in adult patients. Glabellar lines are the vertical lines between the eyebrows seen at maximum frown. "We are thrilled to gain regulatory approval for Nuceiva in Australia, one of the largest market opportunities for aesthetic neurotoxins outside of the United States, where we are rapidly gaining market share, and Great Britain, where we recently launched commercial operations," said David Moatazedi, President and Chief Executive Officer, Evolus. "This approval is the latest example of our commitment to broaden our international presence, which is a key component to reaching our aspiration of $500 million in total revenue by 2028." Evolus plans to launch Nuceiva in Australia during the second half of 2023 after commencing additional launches in Europe - beginning with Germany and Austria - in the first half of 2023. In addition to Great Britain, Nuceiv is also commercially available in Canada. The safety and efficacy of Nuceiva was evaluated through the company's global TRANSPARENCY clinical program, which included two Phase III U.S. trials, the largest head-to-head aesthetic pivotal study versus BOTOXor onabotulinumtoxinA to date, and two long-term safety studies. The product is approved for sale in the U.S. under the brand name Jeuveau.
VMD

Hot Stocks

09:08 EST Viemed Healthcare wins complete overruling of appealed OIG claims - Viemed Healthcare announced the ruling of a U.S. Department of Health and Human Services Administrative Law Judge, ALJ, with respect to the appeal of claims related to findings from the U.S. Department of Health and Human Services Office of Inspector General, OIG. The ALJ's Decision overturned all remaining disputed claims. As a result, Medicare Administrative Contractors returned 100% of the previously remitted funds to Viemed. "We are extremely pleased with the judge's decision in this matter, which reaffirms the high integrity of our clinical protocols and sets the record straight. In addition to restoring our long-standing reputation as a best-in-class provider and industry leader, the extensive appeals process was important to us in order to ensure that the right patients continue to have timely access to this life saving care," said Casey Hoyt, Viemed's CEO.
LPLA

Hot Stocks

09:07 EST LPL Financial welcomes new Linsco teams in Texas, Florida - LPL Financial LLC announced that two teams of financial advisors who serve a combined $275 million in advisory, brokerage and retirement plan assets have joined LPL's employee advisor channel, Linsco by LPL Financial. Chris Corcoran joins from Merrill Lynch and will be the first tenant in a new Linsco office in Houston, Texas. Additionally, Matt Jackson and Adam Callender join LPL from Truist and will work remotely from Northeast Florida.
NURO

Hot Stocks

09:06 EST NeuroMetrix announces launch of DPNCheck 2.0 - NeuroMetrix announced the commercial availability of DPNCheck 2.0, the Company's latest point-of-care device that leverages gold-standard nerve conduction technology to detect peripheral neuropathy. DPNCheck 2.0 provides rapid patient screening with quantitative measurement of peripheral nerve function. "For more than a decade, our first-generation DPNCheck device has been used and trusted by thousands of providers to assess over 2-million patients," said Shai Gozani, M.D., Ph.D., Chief Executive Officer, NeuroMetrix. "We are excited to launch our newest version to even better address the needs of our clinical partners. We've opened the door to more widespread screening with a user-friendly design that makes it faster and easier for care organizations to roll out and train their point-of-care staff and deploy testing."
NWL

Hot Stocks

09:06 EST Newell announces restructuring and savings initiative, to reduce headcount in Q1 - Newell Brands announced a restructuring and savings initiative, Project Phoenix. Project Phoenix is expected to be substantially implemented by the end of 2023. It incorporates a variety of initiatives to reduce overhead costs. In connection with Project Phoenix the company expects to realize annualized pre-tax savings in the range of $220M to $250M when fully implemented. Restructuring and related charges associated with these actions are estimated to be in the range of $100M to $130M and are expected to be substantially incurred by the end of 2023. The restructuring plan is expected to result in the elimination of approximately 13% of office positions. The company will begin reducing headcount in the first quarter 2023, with most of these actions expected to be completed by the end of 2023, subject to local law and consultation requirements. Newell Brands will implement a new operating model, consolidating its five operating segments into three operating segments. The company will combine its previously reported Commercial Solutions, Home Appliances and Home Solutions segments into one operating segment, Home & Commercial Solutions. Learning & Development and Outdoor & Recreation will remain as the company's other two operating segments. The company will report on this basis commencing January 1. Effective immediately, Kris Malkoski has been named the segment CEO for Learning & Development, Mike McDermott has been named the segment CEO for Home & Commercial Solutions, and Jim Pisani has been named segment CEO for Outdoor & Recreation. Dennis Senovich, chief supply chain officer, will lead the company's manufacturing, distribution, transportation and customer service functions globally. The company will provide additional details about Project Phoenix during its upcoming fourth quarter and full year 2022 earnings call on February 10.
WMG

Hot Stocks

09:06 EST Warner Music acquires recorded music rights to English band Yes' catalog - Warner Music's Global Catalog Division has acquired the recorded music rights and income streams from English band Yes' Atlantic Records era catalog. More than 50 years after the British group's debut, Yes has sold more than 30 million albums worldwide. The full purchase includes 12 studio albums, as well as live recordings and compilations.
XGN...

Hot Stocks

09:06 EST Exagen elects Nova as Executive Chair of board of directors - Exagen (XGN) announced that Tina Nova, Ph.D. has been elected as Executive Chair of the Exagen Board of Directors, effective January 19, 2023. Dr. Nova succeeds Brian Birk, who has served as Chair of the Board of Directors at Exagen since 2018, and who will remain a member of the Board. Dr. Nova currently serves as President of Veracyte's (VCYT) U.S. CLIA business where she leads all aspects of the company's broad menu of diagnostic laboratory tests. Dr. Nova currently serves on the Board of Azenta (AZTA).
NWBI

Hot Stocks

09:04 EST Northwest Bancshares to reduce workforce about 12% - Louis Torchio, President and CEO, added, "We were very pleased with our organic loan growth this quarter of $178.9 million, or 1.7%, spread across all loan categories. In addition, our net interest margin expanded by 15 basis points to 3.57%, and asset quality metrics remain solid. We have also taken additional measures to reduce expenses and improve our efficiency. We recently announced the further optimization of eight offices within our branch network to be completed in April 2023. In-branch activity continues to slow as customers prefer to transact through online and mobile channels. In addition, we have re-aligned our workforce to correspond with our strategic direction as a commercial bank, further streamlining our operations. These efforts generated $4.2 million of severance and restructuring costs in the fourth quarter with an additional $3.2 million expected to be recognized in the first quarter of 2023." Torchio continued, "These necessary measures will reduce our overall workforce by approximately 12% and generate approximately $16.0 million in annual operating expense savings beginning in the second quarter of 2023. These operating expense savings are expected to be reinvested in the Company's strategic initiatives during 2023, focused on shifting our balance sheet mix and continuing our journey as a full-service commercial bank. This shift includes further buildout of our core middle market C&I strategy throughout our footprint with full relationship banking, including enhanced treasury management services. In addition, we will further scale small business lending with particular focus on Small Business Administration (SBA) financing and secondary market sales, as well as the recent addition of our new equipment finance team with specialty finance expertise throughout the east coast"
EOSE

Hot Stocks

09:04 EST Eos Energy announces CFO Gonzales to step away, Kroeker to succeed - Eos Energy Enterprises announced that Randall Gonzales will be stepping away from his Chief Financial Officer, CFO, responsibilities into a corporate advisory role and will be succeeded by Nathan Kroeker, effective January 23, 2023. Kroeker brings 25 years of finance and energy industry experience. Kroeker spent 10 years at Spark Energy, starting as the CFO before eventually taking over as CEO in 2014.
FUV

Hot Stocks

09:04 EST Arcimoto delivers 89 customer vehicles in Q4 - Arcimoto delivered 89 customer vehicles in Q4 2022. This represents a 20 percent increase over the 73 customer vehicles delivered in Q3 2022. For the year, Arcimoto delivered 228 customer vehicles, which increased the total number of Arcimoto vehicles on the road to more than 500. This comes despite ongoing supply chain issues and funding concerns, which Arcimoto partly addressed with the closing of a $12 million public offering on Jan. 20. Arcimoto also introduced the FUV to a record-high number of new drivers with more than 5,000 demo rides over the course of 2022 through a combination of industry events, private demo drives, and customer rentals. "2022 gives confidence to the Team that with our learned sales KPIs, we can better understand how to appropriately scale marketing and production efforts to achieve profitability," said Jesse Fittipaldi, Arcimoto Interim CEO. "The fresh financial raise and the proven reasonable marketing effort to sell our product gives the team the fortitude to step into 2023 with practical confidence. We will increase our efforts to build the sales backlog and cost down our products knowing the plan is capital efficient and success is plausible."
EHTH

Hot Stocks

09:02 EST eHealth appoints Ketan Babaria as Chief Digital Officer - eHealth appointed Ketan Babaria as SVP, Chief Digital Officer. Babaria joins eHealth from M1 Finance where he served as Chief Product Officer. Prior to M1 Finance, Mr. Babaria served as Chief Product Officer at Roofstock, Head of Product at LifeLock, and Sr. Director and Head of Product, D3 Incubation Unit at Capital One.
SEV

Hot Stocks

09:02 EST Sono secures funding from E.U. commission granted project for solar technology - The Munich-based solar mobility solutions provider Sono Group secured EUR 1.46M in funding from the European Climate, Infrastructure and Environment Executive Agency, CINEA, to advance the development of the Company's proprietary solar technology. The SEAMLESS-PV project was granted by the EU Commission and aims, over the course of four years, to develop automated photovoltaic, PV, manufacturing equipment, address the industrialization of novel manufacturing processes, and demonstrate the technology's cost-efficiency and compliance with market requirements and standardization frameworks in various sectors. Sono Motors will provide its knowledge and expertise in the field of vehicle integrated photovoltaics, ViPV, via application of this technology into three different vehicle architectures. Sono Motors received the first installment of EUR 532 thousand during its ongoing #savesion campaign. In the course of the campaign the Company has already received payment commitments from its Community and other sources worth approximately EUR 45 m.
ARBK

Hot Stocks

09:02 EST Argo Blockchain regains compliance with Nasdaq listing rule - Argo Blockchain announces that it has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market informing the Company that it has regained compliance with Nasdaq Listing Rule 5450(a)(1). As announced on 16 December, 2022, Argo was notified by Nasdaq that its common stock had not maintained the minimum bid price of $1.00 over the previous thirty consecutive business days, as required by the Listing Rules of the Nasdaq Stock Market. To regain compliance, the Company was required to maintain a minimum closing bid price of $1.00 for ten consecutive trading days. This requirement was met on 13 January 2023. Accordingly, the company has regained compliance with Listing Rule 5450(a)(1), and Nasdaq has confirmed to the company that it considers this matter closed. Argo Blockchain shares are up 9% in pre-market at $1.88.
CETY

Hot Stocks

09:02 EST Clean Energy Technologies implements 1-for-40 reverse stock split - Clean Energy Technologies announced today that the Company has implemented a reverse split of its issued and outstanding common stock at a ratio of 1-for-40 shares. The Company initiated the reverse stock split in connection with its previously announced application to uplist the Company's common stock to the NASDAQ Capital Markets. The sole purpose of this action is to enable the Company to meet the stock price requirement for official listing on the NASDAQ Capital Market. The Company's common stock is now trading on a split-adjusted basis on the OTCQB under the trading symbol "CETYD". The company's trading symbol will revert back to "CETY" after 20 business days if the stock is still trading on the OTCQB or upon the listing of the Company's common stock on NASDAQ Capital Markets, whichever occurs first.
AJG

Hot Stocks

09:01 EST Arthur J. Gallagher acquires Remco Insurance Agencies - Arthur J. Gallagher's subsidiary, Risk Placement Services, has acquired Austin, Texas-based Remco Insurance Agencies. Terms of the transaction were not disclosed. Remco Insurance is a retail non-standard auto insurance agency serving clients throughout Texas. Rahim Peerbhai and his associates will remain in their current locations under the direction of Jorge Barcena, President of RPS Pronto.
NE

Hot Stocks

09:00 EST Noble Corp. cuts Q4 adjusted EBITDA view to $140M-$150M from $155M-$175M - Noble Corp provides an operational and financial update for the fourth quarter of 2022 as well as recent operational and contracting highlights and updates on its prior guidance for Adjusted EBITDA for the fourth quarter of 2022. In accordance with Danish legal and stock exchange requirements, Noble announced that, although Noble has not completed its preparation of audited financial statements for the fourth quarter of 2022, it has determined, based on preliminary results, that it expects Adjusted EBITDA to be between $140M and $150M, rather than between $155M and $175M as previously disclosed. The reduction is primarily related to the previously reported mechanical issues on the Noble Regina Allen.
OCSL

Hot Stocks

08:52 EST Oaktree Specialty Lending completes merger with Oaktree Strategic Income II - Oaktree Specialty Lending announced the closing of the previously announced merger with Oaktree Strategic Income II, with OCSL as the surviving company. Based on December 31, 2022 financial information, the combined company has more than $3.3B of assets on a pro forma basis. In connection with the merger, former OSI II stockholders will receive 0.9115 shares of OCSL for each share of OSI II based on the final exchange ratio, subject to payment of cash in lieu of fractional shares. As a result of the merger, legacy OCSL stockholders and former OSI II stockholders own approximately 79.4% and 20.6%, respectively, of the combined company at closing. In addition, in connection with the closing of the merger, and as previously announced, OCSL and Oaktree Fund Advisers amended the existing investment advisory agreement to provide that Oaktree will waive $9M of OCSL's base management fees as follows: $6M at a rate of $1.5M per quarter in the first year following closing of the merger and $3M at a rate of $750,000 per quarter in the second year following closing of the merger.
LEXX

Hot Stocks

08:48 EST Lexaria Bioscience appoints Julian Gangolli as strategic advisor - Lexaria Bioscience announces that the former President of GW Pharmaceuticals USA, Julian Gangolli, is joining Lexaria Bioscience Corp as a Strategic Advisor. Stock options valid to purchase 5,000 shares of the Company are being issued to Mr. Gangolli with an exercise price of $2.73 per share, valid for 5 years from the date of issuance.
NLSP

Hot Stocks

08:47 EST NLS Pharmaceutics announces in-vitro data on Quilience - NLS Pharmaceutics announced new in vitro study results demonstrating the agonist effect of mazindol ER at the Orexin-2 Receptor. Two identical studies measuring differing concentrations of mazindol ER confirmed significant OX2R partial agonist activity at 30muM or higher. Notably, findings show that mazindol ER showed strong OX2R partial agonist activity by cellular and nuclear receptor functional assays. Results showed pEC50 values of 4.7 to 5 for mazindol on the OX2R, indicating a strong OX2R partial agonist. Orexin, also known as hypocretin, is a neuropeptide that regulates arousal, wakefulness, and appetite. Orexin plays a critical role in regulating the sleep-wake cycle and the most common form of narcolepsy, type 1, in which the individual experiences brief losses of muscle tone, known as or cataplexy, is caused by a lack of orexin in the brain due to destruction of the cells that produce it. Mazindol ER is an OX2R partial agonist that was developed to address the loss of orexin signaling in NT1. Currently available treatments for NT1 only address the associated symptoms but not the underlying loss of orexin. Additional pre-clinical in vivo studies are currently underway to confirm OX2R activity. A pilot study in OXR2 KO mice animal model compared favorably with investigational drug, TAK-925, an orexin 2 receptor agonist. Supplementary studies to further characterize OX2R activity as well as activity at OX1R are planned for the first half of 2023. NLS Pharmaceutics plans to present the study results at a scientific meeting later this year. The Phase 3 program for Quilience is currently on track to commence in mid- 2023.
CRGE

Hot Stocks

08:45 EST Charge Enterprises, Lumio HX partner on EV installation solutions - Charge Enterprises announced that its portfolio company Charge Infrastructure and Lumio HX signed an agreement to develop a residential installation solution for EV buyers. Charge and Lumio will offer a white-glove, full-service solution, including Lumio's licensed home installation team, to its auto dealership partners providing a scalable residential EV charging services.
EFSH

Hot Stocks

08:45 EST 1847 Holdings provides update on special warrant dividend - 1847 Holdings provides an update on the previously announced issued dividend in the form of warrants to purchase the Company's common shares at $4.20 per common share. Ellery Roberts, CEO and Chairman of the Board of the Company, commented, "We believe that issuing this special warrant dividend to our loyal shareholders may help to expose those who may have participated in what we believe to be market manipulation relating to the Company's common shares. Through our engagement with ShareIntel, we are able to obtain share trading analytic metrics that are designed to better monitor trading activity. If you are a registered shareholder and have not received your warrants, please contact info@1847holdings.com. If you hold shares through a brokerage firm, bank, dealer or other similar organization, please reach out to your representative at such firm."
ACHV

Hot Stocks

08:44 EST Achieve Life Sciences holder Dialectic to engage 'more actively' - In a regulatory filing Friday, Dialectic Capital Management and John Fichthorn reported a 19.8% stake in Achieve Life Sciences and stated: "As one of the largest stockholders of the [company], the Reporting Persons have been closely monitoring developments at the [company] and intend to more actively engage in discussions with management and the Board of Directors regarding suggestions aimed at improving the performance, governance and compensation plans of the Issuer, including representation on the Board." Reference Link
JAGX

Hot Stocks

08:44 EST Jaguar Health announces board for JV Magdalena Biosciences - Jaguar Health announced that the board of directors has been established for Magdalena Biosciences, Inc., the joint venture recently formed by Jaguar and Filament Health. Magdalena board members include Jaguar Founder, President, and CEO Lisa Conte, Filament Co-Founder and CEO Benjamin Lightburn, and Jack Wielebinski, Fund Operating Officer, One Small Planet, LLC. Jaguar also announced that Dr. Karen Brunke, Jaguar's EVP of Corporate and Business Development, has been appointed acting CEO of Magdalena.
VUZI

Hot Stocks

08:43 EST Ox commences deployment of Vuzix smart glasses - Vuzix announced that its Vuzix smart glasses have begun to be deployed by Ox, a Vuzix value added reseller, at one of the world's largest logistics platform providers.
BCTX

Hot Stocks

08:42 EST BriaCell to investigat alleged illegaltrading of public securities - BriaCell Therapeutic announced that it has approved measures to address alleged illegal trading activity of its publicly traded securities. The company said, "The Company believes that certain individuals and/or companies may have engaged in manipulative and/or suspected illegal trading practices that may have artificially depressed its share price. As a result, BriaCell is implementing a plan to address this issue which may include legal action. BriaCell is working to build one of the leading immuno-oncology companies in the biotech sector with a singular focus on commercializing our novel immunotherapy approach for cancer patients. While our clinical team remains dedicated to developing these desperately needed therapies, the Company recognizes that recent milestones have been achieved with the support of loyal investors who are instrumental in the ongoing development of our assets. By taking action to protect the interests of our shareholders, we are also protecting the interests of the Company and the tens of thousands of cancer patients in need of effective treatment options. To this end, BriaCell is pursuing avenues to address alleged illegal activities carried out by various parties potentially working collusively with the intent of depressing the Company's share price while undermining the interest of our shareholders."
SPLK

Hot Stocks

08:41 EST Splunk announces Brian Roberts as CFO - Splunk announced Brian Roberts has been appointed as the Company's chief financial officer CFO, effective immediately. Roberts will report to Splunk CEO, Gary Steele.
JUPW

Hot Stocks

08:41 EST Jupiter Wellness says reedemable digital coupons available for all shareholders - Jupiter Wellness announced their redeemable digital coupons are now available for shareholders of record to claim on Upstream's trading app. Upon a successful claim, shareholders may redeem the digital coupon for a gift package of company products valued at over $179 or trade the digital coupon with other fans globally on Upstream to bring new potential customers into the community. This news follows Jupiter Wellness's recent listing on Upstream on January 10, 2023. The gift package will include an assortment of CBD-infused products, including an 8oz Comfort Cream, 50 SPF CaniSun, 55 SPF CaniSun, 30 SPF CaniSun Continuous Spray, Acai Lip Balm, Peppermint Lip Balm, and their original Healing Lip Balm. In addition to the CBD products, investors will also receive a sample bottle of the company's NoStingz jellyfish prevention sunscreen. All shareholders of record as of December 30, 2022, will be entitled to claim the digital coupon.
CEI

Hot Stocks

08:40 EST Camber Energy to acquire renewable diesel facility - Camber Energy entered into a Membership Interest Purchase Agreement to acquire a 100% interest in companies that own and are in the process of bringing into commercial operations a processing plant designed to produce renewable diesel. The estimated production capacity of the Plant once operational is 43,000,000 gallons per year. Camber's obligation to close the transaction is conditional on a number of items set out in the Membership Interest Purchase Agreement, and there is no guaranty the conditions will be satisfied.
FBIN

Hot Stocks

08:39 EST Fortune Brands Innovations backs prior FY22 EPS view $6.20-$6.30 - Consensus estimate for FY22 EPS is $6.16. In advance of its fourth quarter and full-year earnings release, Fortune Brands is reaffirming the full-year 2022 sales growth and EPS guidance provided as part of its third quarter earnings release, which included the contribution of its Cabinets business for the full fiscal year. As stated in its third quarter earnings release, the Company expects 2022 full-year sales growth in the range of 4.5% to 5.5%, and EPS before charges / gains for the full year to be in the range of $6.20 to $6.30. The Company's complete fourth quarter and full-year results, as well as 2023 guidance, will be included in the fourth quarter earnings release, with more extensive commentary to follow during the quarterly investor call.
AMV

Hot Stocks

08:39 EST Atlis Motor Vehicles announces fifteen-fold increase in battery cell output - Atlis Motor Vehicles announced a fifteen-fold increase in daily battery cell output since the start of trial mass production in November 2022, while continuing to make additional improvements to ensure customer demand is met. Following the intended execution plan outlined as part of their most recent funding in Q4 2022, concerted efforts to scale production have resulted in the ability to manufacture significantly more battery cells per week at its Arizona facility. Atlis has invested in new equipment and technology to increase automation and efficiency, which the Company says will result in further increases in production capability in the coming months.
ATMV

Hot Stocks

08:38 EST AlphaVest Acquisition announces separate trading of ordinary shares, rights - AlphaVest Acquisition Corp announced that, commencing January 25, 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 and rights included in the units. Any units not separated will continue to trade on The Nasdaq Global Market under the symbol "ATMVU," and the separated ordinary shares and rights are expected to trade on the Nasdaq under the symbols "ATMV" and "ATMVR," respectively. Unitholders will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into ordinary shares and rights. The units were initially offered by the Company in an underwritten offering. EarlyBirdCapital, Inc. acted as sole bookrunning manager of the offering and Revere Securities acted as co-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 19, 2022.
TFIN

Hot Stocks

08:37 EST Triumph Financial announces election of Deadman to board of directors - Triumph Financial announced the election of Davis Deadman to its board of directors. Deadman has been a member of the Board of Directors of TBK Bank, SSB, a subsidiary of Triumph Financial, since 2014. He also served as TBK Bank's chief lending officer from 2012 to 2014.
CNEY

Hot Stocks

08:37 EST CN Energy establishes U.S. headquarters for activated carbon businesses - CN Energy has established its U.S. headquarters in Washington D.C. to accelerate its biochar and wood-based activated carbon businesses in North and South America. CN Energy will collaborate with partners in the United States, Canada, Brazil, and Mexico to establish a marketing network to facilitate specific client needs. Both biochar and wood-based activated carbon have a range of applications in industrial manufacturing, pharmaceutical manufacturing, food and beverage production, and water purification. The 6th-generation gasification reactors of CN Energy are expected to be deployed on a larger scale in its production processes in 2023.
SWK FBIN

Hot Stocks

08:37 EST Stanley Black & Decker names Patrick Hallinan CFO, succeeding Corbin Walburger - Stanley Black & Decker (SWK) announced the appointment of Patrick Hallinan to Executive Vice President, CFO, effective April 6. Hallinan, who succeeds interim CFO Corbin Walburger, will report to Donald Allan Jr., President and CEO of Stanley Black & Decker. Walburger will resume his previous role as Vice President of Business Development. Hallinan joins Stanley Black & Decker from Fortune Brands Innovations (FBIN) where he served as Executive Vice President & CFO and led the firm's finance function
KULR

Hot Stocks

08:36 EST KULR Technology to demonstrate KULR VIBE products at 2023 VTOL Technical meeting - KULR Technology announced it will demonstrate its KULR VIBE suite of products and services at the 2023 Autonomous VTOL Technical Meeting and Electric VTOL Symposium on January 24-26, 2023 in Mesa, Arizona. KULR is a sponsor of the event, which is in its 10th year of leading presentations and interactive discussions in the latest advancements in electric vertical takeoff and landing aircrafts, and the challenges that still remain. "Vibrations destroy everything," said KULR's President & COO, Keith Cochran. "Vibration issues never get better on their own; they destroy rotating components, critical electrical assemblies, induce wire chafing, cracking and fatigue of metal and composite structures, and cause loss of equipment and life. Removing vibrations increases battery efficiency resulting in longer flight time, increased payload capability and extended life of all rotating components."
GTII

Hot Stocks

08:36 EST Global Tech appoints Donald Gilbert to lead illegal trading task force - Global Tech Industries announced that at a special meeting of its board of directors held this weekend, the Board appointed Donald Gilbert to lead a newly created task force that will investigate illegal trading in GTII's shares. Gilbert is a veteran and had a 35-year career as a special agent with the Department of Treasury and the Justice Department, which the Board believes will greatly assist the Task Force in interfacing with the appropriate authorities regarding any potential evidence of illegal trading activity in GTII's shares discovered by the Task Force. The Task Force will also include the legal teams of Christian Levine Law Group and Warshaw Burstein, LLP, along with ShareIntel, which provides access and insight into broker-dealer, clearing firm and shareholder position movements that allow public companies to proactively track equity flows and identify suspicious, aberrant and/or unusual trading activity. The activities of the Task Force will include: Identifying and analyzing potentially unlawful and manipulative trading activity by market participants, including market makers, brokers, and hedge funds. Evaluating and making recommendations to the Board regarding legal actions against any market participants reasonably believed to be involved in any unlawful trading activity in GTII's shares. Evaluating and making recommendations to the Board regarding the presentation of evidence regarding potential unlawful trading activity in GTII's shares to the appropriate governmental and regulatory authorities. Performing other activities and making other recommendations to the Board that the Task Force deems appropriate to protect the interests of GTII's shareholders.
FBIN

Hot Stocks

08:35 EST Fortune Brands Innovations appoints David Barry CFO. succeeding Hallinan - Fortune Brands Innovations announced that David Barry has been appointed as Executive Vice President and Chief Financial Officer, effective March 2. Barry will succeed Patrick Hallinan, who is leaving the Company to pursue a new career opportunity. Hallinan will continue in his current position until March 2. "On behalf of myself, our Board of Directors and the company, I would like to thank Pat for his outstanding leadership and dedication to Fortune Brands. We are grateful for his many contributions during his six years as Chief Financial Officer, and we wish him the best as he takes on new opportunities," said management. More information about the transition will be shared at Fortune Brands' upcoming fourth quarter and full-year earnings call.
FGH

Hot Stocks

08:35 EST STRONG/MDI ReAct screen to be primary display at 2023 Munich Film Week - STRONG/MDI Screen Systems, a wholly-owned subsidiary of FG Group Holdings, in partnership with ECCO Cine Supply and Service, announces that Strong/MDI's new HGA ReAct screen will be showcased at the 2023 Munich Film Week to be held the last week of January 24-27, 2023. STRONG/MDI and ECCO will team up to bring the new HGA ReAct screen to the Kinopolis Mathaser Big Theater. "For STRONG/MDI, Kinopolis is a wonderful showcase and a reference, as we keep aiming at excellence in projection quality for all moviegoers. Teaming up with the experts at ECCO to make it happen is a recipe for success," commented Ray Boegner, President of Strong Entertainment.
IMAX

Hot Stocks

08:35 EST Imax reports second-best opening day for Chinese New Year - Imax reported its second-best opening day ever for the Chinese New Year holiday with $7M in box office across the IMAX China network on Sunday. China Film Group's "The Wandering Earth 2" - the prequel to 2019's "The Wandering Earth" - led the way with $6M. Imax opening day box office for "The Wandering Earth 2" was nearly double the opening day haul for its predecessor, and Imax locations delivered 8.5% of the film's first day gross on only 1% of screens. Imax's results were further amplified with the success of a trio of films, including "Full River Red", the period drama that marks the fifth collaboration between Imax and director Zhang Yimou.
DNZ

Hot Stocks

08:35 EST D and Z Media Acquisition to redeem shares, will not consummate combination - D and Z Media Acquisition Corp. announced that it will redeem all of the outstanding shares of its Class A common stock, effective as of the close of business on February 7, 2023, because the company's sponsor has determined it will not make the previously announced additional contribution to the trust account required to be deposited in the trust account on January 28, 2023. The per-share redemption price for the public shares is expected to be approximately $10.17. In accordance with the terms of the related trust agreement and the Charter, the company expects to retain interest earned on the funds deposited in the trust account to pay the Company's tax obligations and $100,000 of dissolution expenses. As of the close of business on the Redemption Date, assuming that a sum sufficient to redeem the public shares has been irrevocably deposited or set aside to pay the Redemption Amount for each public share, the public shares will be deemed to no longer be outstanding and will represent only the right to receive the Redemption Amount for each such public share.
CLVR

Hot Stocks

08:34 EST Clever Leaves announces dismissal of 63 employees - On January 17, 2023, Clever Leaves' board of directors authorized a restructuring plan that is designed to improve operating margin and support the Company's growth, scale, and profitability objectives. In conjunction with its restructuring plan and wind-down in Portugal, the Company announced a collective dismissal of 63 employees associated with its Portuguese operations. Clever Leaves expects to incur total charges of approximately $19 million to $21 million in the fourth quarter of 2022 related to its operational closure in Portugal, inclusive of the following expenses: Approximately $0.7 million to $0.9 million related to severance and employee benefits; Approximately $12 million to $13 million related to real estate and equipment exit costs, consisting of lease impairment, as well as property and equipment abandonment charges; and Approximately $6 million to $7 million related to the write-off of inventories that will not be sold. Of the foregoing $19 million to $21 million in estimated charges, approximately $1.5 million to $2.0 million are expected to be cash expenditures with the balance being non-cash write-offs of prior investments. Taken together, the operational transition and workforce reduction initiatives are expected to generate approximately $7 million in savings by year-end 2023, compared to 2022.
BLDP

Hot Stocks

08:33 EST Ballard Power announces order from CrossWind - Ballard Power Systems announced an order for a fuel cell system to CrossWind, a joint-venture between Shell and Eneco. The Ballard fuel cell system will be integrated in the Hollandse Kust Noord offshore wind project. The Hollandse Kust Noord offshore wind project, located off the coast of the Netherlands, will have a capacity of 759 MW to generate at least 3.3 TWh per year. This is enough renewable power to supply the equivalent of more than 1 million Dutch households with green electricity. CrossWind intends to use various new technologies to manage the intermittent wind power generation, including the use of water electrolysis to convert wind power into green hydrogen for energy storage. Ballard's hydrogen fuel cells will utilize the green hydrogen as fuel to regenerate stable and dispatchable power. Ballard will supply a containerized fuel cell power solution with a peak power capacity of 1 MW, with delivery expected in 2024. This is Ballard's second stationary power project deployed in Europe for peak shaving power generation applications.
SYF

Hot Stocks

08:33 EST Synchrony expects decline in net charge-off rate in Q3, normalization path in Q4 - Expects reserve builds generally asset-driven in FY23. Comments taken from Q4 earnings conference call.
CLVR

Hot Stocks

08:33 EST Clever Leaves announces wind-down of Portugal operations - Clever Leaves Holdings is announcing the wind-down of all operations in Portugal as part of its ongoing restructuring initiatives. Under this restructuring plan, the Company expects its Portuguese flower cultivation, post-harvest processes, and manufacturing activities to cease in full by the end of the first quarter of 2023. Clever Leaves is currently winding down its agricultural production in Portugal, with flower cultivation expected to cease in full by the end of the first quarter of 2023. Beginning in the second quarter of 2023, the Company will solely cultivate its flower strains in its Colombian greenhouses, where preparations for dry flower exports have been underway for the past 18 months. Clever Leaves believes it remains on track to commence sales of dry flower from Colombia later this quarter, and it has begun the process of transitioning its flower production to Colombia for current customers. The Company's Colombian operations span over 1.8 million square feet of fully built-out cultivation capacity, with EU-GMP certifications for the production of both cannabis extracts and dry flower. The Company believes Colombia's low labor costs and optimal agricultural climate give Clever Leaves a critically important competitive advantage, which allows the Company to provide its customers cost-efficient, environmentally sustainable production processes. In addition, the Company's Colombian operations house a genetic discovery and development platform, comprised of both outside strains from major cannabis brands and in-house developed products. The Company expects that the successful output from this discovery program will expand further as Clever Leaves accelerates its dry flower production.
IDAI

Hot Stocks

08:32 EST Trust Stamp receives notice of allowance from U.S. Patent, Trademark Office - Trust Stamp announced that it has received a Notice of Allowance from the United States Patent Office for its Privacy-First Identity Company trademark. Trust Stamp launched its low-code Privacy-First Identity solution for banks and financial institutions in 2022 and is now seeing significant traction, with 22 banks enrolling in paid pilot programs over the past three months. "Trust Stamp's mission is to accelerate secure financial and societal inclusion, on and offline, for everyone, everywhere, by giving them the means to establish their identity using universally accessible privacy-first products and services," said Gareth Genner, CEO & Co-founder of Trust Stamp. "Our mission's emphasis on privacy resonates with multiple industries, and this trademark further emphasizes our commitment to making our mission a reality."
CPK

Hot Stocks

08:32 EST Chesapeake Utilities receives FERC approval for new compressor unit construction - Chesapeake Utilities' subsidiary, Eastern Shore Natural Gas, has received approval from the Federal Energy Regulatory Commission to construct a new compressor unit at its existing facility in Sussex County, Delaware. The new compressor and associated infrastructure support growing residential, commercial and industrial demand along the Delmarva Peninsula, and provide incremental capacity needed in the coldest winter months. With this compression facility, ESNG can meet peak service demand with up to an additional 7,300 dekatherms per day of transportation service, supporting the southernmost section of its system.
CVKD

Hot Stocks

08:32 EST Cadrenal Therapeutics granted FDA Fast Track designation for tecarfarin - Cadrenal Therapeutics announced that the U.S. FDA has granted a Fast Track designation to tecarfarin for the prevention of systemic thromboembolism, more commonly referred to as blood clots, of cardiac origin in patients with end-stage renal disease and atrial fibrillation.
AGRI

Hot Stocks

08:31 EST AgriFORCE reports on ongoing investigation into illegal trading activities - AgriFORCE Growing Systems provided a report on its ongoing investigation into potentially improper and/or illegal trading activities, including naked short selling, of the Company's common stock. On November 15, 2022, the Company engaged Shareholder Intelligence Services to utilize their patented, proprietary service offerings to obtain share trading analytic metrics designed to help coordinate, monitor and enhance corporate governance, shareholder communication, regulatory compliance and surveillance of trading in the Company's shares in an effort to allow Company to better monitor trading activity, including potential violations of SEC Regulation SHO, which governs stock and option share locate, close out and fail to deliver requirements. Based on an initial analysis of the Company's historic stock trading activity, the Company believes that it may have been the target of market manipulation and potentially illegal trading activities, including naked short selling of its stock. As such, the Company is exploring all of its potential options and remedies.
WHLR

Hot Stocks

08:29 EST Wheeler REIT announces expiration, final results of exchange offer - Wheeler Real Estate Investment Trust announced the expiration and final results of its exchange offer and related solicitation of consents from the holders of the Company's Series D Cumulative Convertible Preferred Stock to certain amendments to the Company's charter that would modify the terms of the Series D Preferred Stock. The Exchange Offer expired at 11:59 p.m., New York City time, on January 20, 2023. The Company has been informed by the Exchange Agent, Computershare Inc., that as of the Expiration Date and Time, 864,391 shares of Series D Preferred Stock had been validly tendered in the Exchange Offer. Accordingly, the condition that the holders of at least 66 2/3% of the outstanding shares of Series D Preferred Stock validly tender their Series D Preferred Stock into the Exchange Offer, and not validly withdraw such Series D Preferred Stock, and consent to the Proposed Amendments, has not been satisfied as of the Expiration Date and Time. Therefore, the Series D Preferred Stock will remain outstanding with no change to its terms. No shares of Series D Preferred Stock will be exchanged by the Company for its 6.00% Subordinated Convertible Notes due 2028andcommon stock, and the shares of Series D Preferred Stock previously tendered in the Exchange Offer will be promptly returned to the tendering holders. No consideration will be paid or become payable to holders who validly tendered their shares of Series D Preferred Stock in the Exchange Offer.
REKR

Hot Stocks

08:27 EST Rekor Systems closes senior secured notes financing - Rekor Systems announced the initial closing of its previously announced private placement of Senior Secured Notes in the aggregate principal amount of up to $15 million. This financing was led by the Company's Chairman and CEO, Robert A. Berman, with participation from other new and existing investors. An aggregate of $12.5 million, before expenses, was funded at the initial closing on January 18, 2023. Upon request made by the Company within six months of the initial closing, up to an additional $2.5 million may be funded at the option of Investors. Proceeds from the private placement will provide necessary funding for the execution of the Company's strategic plan across its public safety, urban mobility, and transportation management businesses. The Company also previously disclosed it had retained Three Twenty-One Capital as a financial advisor to assist in ongoing discussions with several large multinational companies, including current business partners, regarding potential strategic investments in the Company. These conversations remain ongoing, and there can be no assurance that any transaction will result from these discussions.
SYTA

Hot Stocks

08:26 EST Siyata Mobile receives order for MCPTT solution - Siyata Mobile announced it has received an order for its next-generationmission critical push-to-talk solution, which includes its SD7 device and related accessories, from a multi-billion-dollar, integrated resort and residential property development located in The Bahamas.
EXCOF

Hot Stocks

08:25 EST Exco Technologies announces cyber security incident - Exco Technologies announces that three production facilities within it's Large Mould Group are recovering from a cyber incident. The balance of the Company's operations remain unaffected. The company said, "Upon learning of the incident last week, Exco took steps to secure its systems and mitigate the impact to the Company's data and operations. Independent experts have been retained to assist the Company in dealing with the matter in accordance with industry best practices. Exco temporarily disabled certain computer systems as it investigates this incident. The Company is in the process of safely bringing these systems back online, and at this time expects operations to be substantially restored over the next two weeks. Exco is currently assessing the financial impact of the situation. Shipments to customers have not and are not expected to be materially interrupted."
BNGO

Hot Stocks

08:21 EST Bionano Genomics announces launch of multiple new products - Bionano Genomics announced the launch of multiple new products and advancements for its optical genome mapping, OGM, workflow that offer enhanced robustness in sample preparation, decreased turnaround time for DNA labeling and imaging, and improvements in throughput and quality metrics. The new versions of Bionano's sample prep kits, chips and instrument software address customer feedback and can improve the performance in routine higher volume genome analysis applications. Erik Holmlin, PhD, president and chief executive officer of Bionano, commented, "With these product launches we are significantly expanding the genome analysis capabilities available to the clinical and translational research communities. We look forward to seeing customers benefit from these solutions in the coming months, which we believe can reduce time-to-results and make OGM performance even better. We believe these improvements can enable greater detection of structural variants of all types associated with genetic diseases and complex disorders like cancer."
POET

Hot Stocks

08:21 EST Poet Technologies announces amendment of warrant terms - POET Technologies completed the amendment to the terms of 1,764,720 common share purchase warrants of the Corporation that were issued pursuant to a private placement that closed on February 11, 2021. As a result of the amendments, the Warrants are now exercisable to acquire one common share of the Corporation at an exercise price of C$4.25 per Common Share until 5:00 p.m. on May 11, 2023. In accordance with the policies of the TSX Venture Exchange, the expiry date of the Warrants may be accelerated to 30 calendar days if, for any 10 consecutive trading days during the unexpired term of the Warrants, the closing price of the Common Shares on the Exchange is equal to or greater than C$4.89 per Common Share. All other terms and conditions of the Warrants remain the same.
BKYI

Hot Stocks

08:20 EST BIO-key announces AAC selected its PortalGuard IDaaS platform - BIO-key International announced that the Abraham Baldwin Agricultural College, ABAC, one of 26 University System of Georgia members, has selected its PortalGuard IDaaS platform. PortalGuard's cloud-based Identity as a Service, IDaaS, solution supports over 3M users, including students, faculty, staff, and administration at over 200 higher education institutions. "Universities and colleges generally want to promote an open culture which can create vulnerability to cyber attacks they're often not prepared to avoid," said Mark Cochran, President of BIO-key - PortalGuard. "BIO-key's robust PortalGuard IDaaS platform delivers a secure, flexible, and cost-effective solution to address these challenges."
IGXT

Hot Stocks

08:20 EST IntelGenx, Arwan enter supply agreement for RIZAPORT - IntelGenx entered into an exclusive supply agreement for RIZAPORTwith ARWAN Pharmaceuticals Industries Lebanon in various countries in the Middle East and North Africa region, including Lebanon, Kuwait, Saudi Arabia, United Arab Emirates, Jordan, Iraq, , Libya, Oman, Yemen, Qatar, Bahrain, Egypt, Sudan, Kenya, Nigeria, Mauritius, Cameroon, Afghanistan, Tajikistan, Kazakhstan, Turkmenistan, and Uzbekistan. Under the terms of the Agreement, IntelGenx will supply the Product to ARWAN, which will have the exclusive right to register and commercialize it in the Territory.
FELE

Hot Stocks

08:18 EST Franklin Electric board increases quarterly dividend 15% to 22.5c per share - Franklin Electric Co., Inc. (NASDAQ: FELE) announced that its Board of Directors declared a quarterly cash dividend of 22.5c per share payable February 16, 2023, to shareholders of record on February 2, 2023. This represents a 15% increase from the prior quarterly dividend. "This dividend increase will mark the 31st consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to returning cash to shareholders and confidence in the outlook of the business," commented Gregg Sengstack, Franklin Electric's Chairperson and Chief Executive Officer.
CUE

Hot Stocks

08:17 EST Cue Biopharma announces Chief Medical Officer transition - Cue Biopharma announced that Matteo Levisetti, M.D., senior vice president, SVP, of clinical development at Cue Biopharma, has been promoted to Chief Medical Officer, CMO, effective January 17, 2023. Current acting CMO Kenneth Pienta, M.D., has transitioned from his current role and will serve as a clinical advisor to the company effective as of the same date.
PMETF

Hot Stocks

08:17 EST Patriot Battery Metals appoints Natacha Garoute as CFO - Patriot Battery Metals announced the appointment of Natacha Garoute, LLB, CPA to the position of CFO effective today. Dusan Berka has stepped down as CFO but will remain on the Board of directors. She most recently held the position of CFO at Champion Iron Ore and was CFO and Corporate Secretary with Roxgold between 2013 and 2018.
FTCI

Hot Stocks

08:16 EST FTC Solar announces board transition - FTC Solar announced that Thurman John "T.J." Rodgers, Chairman of the Board of Directors of FTC Solar, has informed the Board that he is stepping down after five years in the role. He will remain a shareholder and continue to be available as an independent advisor. Shaker Sadasivam, an FTC Solar director since 2017, will succeed Rodgers as Chairman. The FTC Solar Board of Directors announced that it has elected Shaker Sadasivam as Chairman effective January 19, 2023. In addition to the transition at Chairman, the company has announced the appointment of Tamara Mullings, previously an FTC Solar Board observer, as a new director, effective January 19, 2023.
CTSH

Hot Stocks

08:16 EST Cognizant to acquire Mobica, terms not disclosed - Cognizant has entered into an agreement to acquire Mobica, an IoT software engineering services provider headquartered in Manchester, United Kingdom. Mobica's services span the full software development cycle, with core competencies in development, implementation, testing and deployment of embedded software, and a specialization in clients' strategic internal research and development projects. Upon closing of the acquisition, Cognizant will add nearly 900 people across Europe and North America, including approximately 550 engineers in Poland. The acquisition is expected to close in February 2023, subject to satisfaction of closing conditions. Financial details were not disclosed.
VRSSF

Hot Stocks

08:15 EST Verses Technologies receives acceptance from NEO Exchange for warrant listing - VERSES Technologies announced that further to its press release dated December 16, 2022 it has received acceptance from the Neo Exchange to list up to 18,100,714 Class A subordinate voting share purchase warrants of the Company. An aggregate of 11,613,485 Class A Warrants were subject to certain Warrant Amendments. The Amended Warrants will be posted for trading on the NEO at market open on January 24, 2023 under the symbol "VERS.WT.A". Each Amended Warrant entitles the holder thereof to acquire one Class A subordinate voting share of the Company at an exercise price of $1.00 per Class A Share until 4:00 p.m. on August 15, 2025. The Amended Warrants are subject to the provisions of a warrant indenture dated December 16, 2022 between the Company and Endeavor Trust Corporation, pursuant to which Endeavor acts as warrant agent for the Amended Warrants. An aggregate of 6,487,229 Class A Warrants may become listed on the NEO once the Company's receives written consent from the applicable warrant holders for the Warrant Amendments. Endeavor or the Company will provide any warrant holders that have not yet provided written consent to the Warrant Amendments with notices by email or physical mail seeking their written approval to replace each of their Unlisted Warrants with an Amended Warrant that will be tradable under the symbol "VERS.WT.A" pursuant to the Supplemental Listing. Until such warrant holders provide their written consent to replace their Unlisted Warrants with the Amended Warrants, their Unlisted Warrants will: not be subject to the Warrant Amendments; not be included in the Supplemental Listing; an continue to be governed by their current terms and conditions until the applicable expiry date.
ICAD PBIO

Hot Stocks

08:15 EST iCAD Pressure announces CFO transition, hires SVP, US commercial sales - iCAD (ICAD) announced the Board of Directors has approved the appointment of Daniel Shea, CPA, as interim Chief Financial Officer, CFO, effective immediately. The Company has launched a search for a full-time CFO, with the goal of completing that process in approximately 90 days. Also, after a search process, iCAD hired Bill Keyes as Senior Vice President, SVP, US Commercial Sales, AI. With more than 30 years of experience building, leading and advising finance functions in both private and public companies, Shea previously served as CFO at companies including Pressure Biosciences (PBIO), 4D Technologies, and Easterly Partners Group. Keyes most recently served as Chief Growth Officer at i2i Population Health and Senior Vice President, Sales and Marketing, at Connecture.
A DGX

Hot Stocks

08:13 EST Agilent, Quest team to extend access to Resolution ctDx FIRST NGS test - Agilent Technologies (A) announced an agreement with Quest Diagnostics (DGX). The alliance will enable providers and patients throughout the United States to access the Agilent Resolution ctDx FIRST liquid biopsy next-generation sequencing, NGS, test. Healthcare providers can order the test beginning today. The agreement between Quest and Agilent will enable broad adoption for ctDx FIRST, a single-site premarket approved or ssPMA test performed at the Resolution Bioscience CLIA laboratory in Kirkland, Washington. ctDx FIRST is the first liquid biopsy test approved by the U.S. Food and Drug Administration as a companion diagnostic CDx to identify advanced non-small cell lung cancer NSCLC patients who may benefit from treatment with KRAZATI(TM). KRAZATI ,adagrasib, received accelerated approval as a targeted treatment option for adult patients with KRASG12C-mutated locally advanced or metastatic non-small cell lung cancer (NSCLC), as determined by an FDA-approved test, who have received at least one prior systemic therapy. ctDx FIRST is also FDA-approved for tumor profiling of the epidermal growth factor receptor,EGFR, gene in accordance with professional guidelines in oncology for patients with advanced non-small cell lung cancer NSCLC . As a professional service, the ctDx FIRST test report includes comprehensive genomic profiling on 109 genes across four types of alterations: single nucleotide variants, indels, copy number amplifications, and fusions.
NCNA

Hot Stocks

08:12 EST NuCana regains compliance with Nasdaq minimum bid price requirement - NuCana announced that it has received a written notification from the Listing Qualifications Department of the Nasdaq Stock Market informing the Company that it has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5450(a)(1) and the matter is closed.
DCFC

Hot Stocks

08:12 EST Tritium delivers first fast chargers to evyve for 10,000 charger network - Tritium DCFC Limited have entered into an agreement to make Tritium the network's preferred fast charger provider. The agreement includes initial total orders for 350 Tritium fast chargers and evyve has received first deliveries of these chargers, 60 of which are now installed and operational. evyve currently projects to install thousands more chargers by the end of 2025 and 10,000 chargers by 2030. The evyve charging network is planned to consist of Tritium's innovative modular chargers, including the company's award-winning 75kW charger and highly scalable 150kW fast charger.
IOBT

Hot Stocks

08:11 EST IO Biotech appoints Smith as General Counsel, Chief Compliance Officer - IO Biotech announced the appointment of Devin Smith as the company's first General Counsel and Chief Compliance Officer. Smith will oversee all company legal activities and provide strategic guidance and corporate governance. Smith joins IO Biotech from Yumanity Therapeutics where he served as Senior Vice President and General Counsel.
AVTE

Hot Stocks

08:11 EST Aerovate Therapeutics appoints Donald Santel to board of directors - Aerovate Therapeutics announced the appointment of Donald Santel as a member of Aerovate's Board of Directors. Santel currently serves as Chairman of the Board of several biopharmaceutical companies, including Tentarix Biotherapeutics and Ocelot Bio, and also served as Chairperson of the Board for Oyster Point Pharma prior to their acquisition by Viatris in January 2023.
IOVA

Hot Stocks

08:10 EST Clinigen divests Proleukin to Iovance Biotherapeutics for GBP 166.7M - Clinigen Limited has entered into an agreement to divest Proleukin to Iovance Biotherapeutics. Terms of the agreement include an upfront payment of GBP 166.7M, a GBP 41.7M milestone payment upon first approval of lifileucel in advanced melanoma, and double-digit Proleukin global sales royalties from Iovance to Clinigen. The transaction is expected to close in the first quarter of 2023, subject to required regulatory approvals and clearances and other customary closing conditions.
RVYL

Hot Stocks

08:10 EST RYVYL Inc. to join fight against naked short selling - RYVYL announced the Company will join the fight against naked short selling. After examination of the trading patterns of its common stock, RYVYLleadership noticed some suspicious activity meriting a formal investigation. The Company will continue to review past and present trades for potential violations, specifically with regards to Regulation SHO. Rule 200(g) of Regulation SHO requires Broker-Dealers to mark each trade as "Long", "Short", or "Short Exempt" - there are no other options. Further, Rule 203(b)(1) of Regulation SHO requires BDs to "locate" the underlying security and ensure that it is borrowed, reasonably available to be borrowed, or entered into a bona fide arrangement to be borrowed. RYVYL is taking the principle of protecting shareholders seriously. The Company applauds efforts made in recent days by the Genius Group Limited and is taking steps to follow the same efforts in order to investigate, identify and work with regulators to prosecute any naked short violators trading in RYVYL stock. Additional information will follow as appropriate.
CPRX TEVA

Hot Stocks

08:09 EST Catalyst Pharmaceuticals notified of ANDA filing for FIRDAPSE - Catalyst Pharmaceuticals (CPRX) announced that it has received a Paragraph IV Certification Notice Letter from Teva Pharmaceuticals (TEVA) advising that Teva had submitted an Abbreviated New Drug Application, ANDA, to the U.S. Food and Drug Administration, FDA, seeking authorization from the FDA to manufacture, use or sell a generic version of FIRDAPSE in the United States. In the Notice Letter, Teva states that it intends to market a generic version of FIRDAPSE before the expiration of Catalyst's patents listed in the FDA Orange Book covering FIRDAPSE: U.S. Patent Numbers 10,626,088; 10,793,893; 11,060,128; 11,268,128; 11,274,331; and 11,274,332. Teva's Notice Letter states that its ANDA contains a Paragraph IV Certification alleging that these patents are not valid, not enforceable, and/or will not be infringed by the commercial manufacture, use or sale of the proposed product described in Teva's ANDA submission. Under the Federal Food, Drug, and Cosmetic Act, as amended by the Drug Price Competition and Patent Term Restoration Act of 1984, as amended, Catalyst has 45 days from receipt of the Notice Letter to commence a patent infringement lawsuit in a federal district court against Teva to trigger a stay precluding FDA from approving Teva's ANDA until May 2026 or entry of judgment holding the patents invalid, unenforceable, or not infringed, whichever occurs first.
IPGP

Hot Stocks

08:08 EST IPG Photonics appoints Greg Beecher to board of directors - IPG Photonics Corporation announced the election of Greg Beecher to its Board of Directors. Beecher is the former Vice President, Treasurer, CFO and Chief Accounting Officer of Teradyne. The Company also announced that Thomas Seifert notified the Company that he will resign as a director of the Company, effective immediately following the Company's filing of its annual report on Form 10-K and will not stand for election at the 2023 annual meeting of stockholders.
RYTM

Hot Stocks

08:07 EST Rhythm Pharmaceuticals announces HRQOL improvement from Phase 3 trial in BBS - Rhythm Pharmaceuticals announced that patients with Bardet-Biedl syndrome, BBS, and obesity who participated in the company's global Phase 3 clinical trial of setmelanotide reported clinically meaningful improvements across multiple health-related quality of life, HRQOL, measures based on an analysis published in the Orphanet Journal of Rare Diseases. In total, 20 patients with BBS and obesity completed various self-reported HRQOL measures at baseline and after 52 weeks of treatment with setmelanotide, which is a precision medicine designed to re-establish MC4R pathway signaling that is approved by the U.S. Food & Drug Administration, FDA, for chronic weight management in adult and pediatric patients six years of age and older with monogenic or syndromic obesity due to BBS. For the 52-week analysis, 9 patients younger than 18 years, or their caregiver, reported a significant and clinically meaningful change in their quality of life with a mean change from baseline of +11.2 points on the Pediatric Quality of Life Inventory measure. In addition, 11 adult patients who completed the Impact of Weight on Quality of Life Questionnaire-Lite achieved a significant and clinically meaningful improvement in their weight related quality of life with a mean change from baseline of +12.0 points. IWQOL-Lite score was significantly correlated with changes in percent body weight and body mass index.
SLNH

Hot Stocks

08:06 EST Soluna to raise sufficient capital to energize Dorothy 1A and 1B - Soluna Holdings has reached an understanding with certain strategic parties and executed a non-binding Letter of Intent to raise sufficient capital to energize Dorothy 1A and 1B. Should the transactions close as contemplated, they would not require the Company to issue equity. The components of the transactions include a sale of a portion of the Company's equity interests in Project Dorothy as well as a modest loan against the project. Michael Toporek, CEO of Soluna Holdings, stated, "We continue to focus our efforts to energize Project Dorothy, our flagship project in Texas. Moving through the regulatory process has been a critical catalyst for us to now raise the appropriate financing to energize the site." Project Dorothy is anticipated to be one of the lowest-cost facilities of its kind in North America.
CNC EVH

Hot Stocks

08:05 EST Centene completes divestiture of Magellan Specialty Health to Evolent Health - Centene (CNC) announced that it has completed the previously announced divestiture of Magellan Specialty Health to Evolent Health (EVH). Centene received approximately $660M in proceeds at closing, subject to adjustment in accordance with the purchase agreement, with approximately $400M paid in cash and the remainder paid in Evolent common stock. In addition, Centene will receive up to $150M in cash and Evolent common stock in 2024 if certain performance metrics are achieved.
ICCM

Hot Stocks

08:05 EST IceCure Medical's Cryogen Pump patent application approved by USPTO - IceCure Medical has received a Notice of Allowance from the USPTO for its patent application titled "Cryogen Pump". The patent will be in effect until February 2040 and was recently granted in the EU and allowed in Japan. IceCure's cryogenic pump is submersible in liquid nitrogen, works in a closed circuit, enables temperature control of the cryoprobe, 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.
RAIN

Hot Stocks

08:05 EST Rain Oncology announces publication of Phase 1 data of milademetan - Rain Oncology announced the publication of a peer-reviewed article titled, "A First-in-Human Phase I Study of Milademetan, an MDM2 Inhibitor, in Patients with Advanced Liposarcoma, Solid Tumors or Lymphomas" in the Journal of Clinical Oncology. Phase 1 clinical data in the paper highlight the activity and tolerability using intermittent dosing of milademetan across a range of tumor types including dedifferentiated liposarcoma, which represented the largest proportion of patients enrolled in the study. Key Article Highlights Include: All liposarcoma patients enrolled in the Phase 1 trial exhibited the DD LPS subtype: Among DD LPS patients in the Phase 1 trial, median progression-free survival outcomes were maintained with intermittent dosing schedules compared with extended/ continuous schedules: mPFS of patients across all doses/schedules: 7.2 months; mPFS of patients with 260 mg qd 3/14 intermittent schedule: 7.4 months; mPFS of previously treated patients with 260 mg qd 3/14 intermittent schedule: 8.0 months; mPFS of treatment-naive patients in all doses/schedules: 14.6 months; Although all tested DD LPS patients had MDM2 gene amplification, mPFS in DD LPS patients did not differ by levels of key biomarkers including MDM2 or CDK4 copy number or by mRNA expression levels of MDM2, CDK4, or MDM4. The preferred intermittent dosing schedule of milademetan mitigates dose-limiting hematologic adverse events while maintaining activity, leading to: Marked reductions in occurrence and severity of grade 3/4 drug-related thrombocytopenia compared to extended/continuous schedules and Fewer dose reductions and dose interruptions compared with extended/continuous schedules. Preliminary single-agent activity with milademetan in DD LPS prompted the ongoing, randomized Phase 3 MANTRA trial, with topline data anticipated in the first quarter of 2023.
BAK

Hot Stocks

08:04 EST Braskem, Nexus Circular sign 10-year circular feedstocks agreement - Nexus Circular and Braskem announced that they have signed a 10-year definitive commercial agreement for the supply of circular feedstocks from a new advanced recycling facility. Braskem completed a strategic investment in Nexus Circular in January 2022. The contracted volumes of advanced recycled circular products from Nexus will support Braskem's strategic objective to sell 300 thousand metric tons of products with recycled content by 2025 and 1 million metric tons by 2030. Braskem America's CEO Mark Nikolich said, "We look forward to a long and growing partnership with Nexus to secure high-quality feedstock for the production of Braskem's certified circular PP resins. This supports our corporate initiative to develop a carbon neutral circular economy for plastics while supporting our clients' goals for plastics with recycled content."
LDOS

Hot Stocks

08:03 EST Leidos awarded task orders worth up to $1.5B - Leidos was recently awarded two new task orders under the IT Support Services Contract II by the Social Security Administration. The indefinite delivery/indefinite quantity, time and material task orders will provide systems and infrastructure support for the SSA's Deputy Commissioner of Systems (DCS) and the Office of Systems Operations and Hardware Engineering. Each award has a base period of performance with five one-year options and one six-month option. The awards hold a combined estimated value of $1.5B if all options are exercised.
BPMC

Hot Stocks

08:03 EST Blueprint Medicines' Supplemental NDA for Ayvakit approved by FDA - Blueprint Medicines' supplemental new drug application for Ayvakit for the treatment of adults with indolent systemic mastocytosis has been accepted by the FDA. The FDA granted priority review with an action date of May 22. This regulatory application is based on results from the global PIONEER trial, the largest randomized, placebo-controlled study ever conducted in indolent SM. The FDA previously granted breakthrough therapy designation to Ayvakit for the treatment of moderate to severe indolent SM.
UNVR

Hot Stocks

08:02 EST Univar to acquire Turkish specialty chemicals distributor Kale Kimya, no terms - Univar Solutions announced that it has signed an agreement to acquire leading Turkish specialty chemicals distributor Kale Kimya. Terms of the transaction were not disclosed. Closing of the acquisition is subject to certain regulatory approvals and is expected to be completed within Q1 2023.
ACN

Hot Stocks

08:02 EST Accenture makes strategic investment in optimization technology firm Cosmo Tech - Accenture has made a strategic investment in Cosmo Tech, "a global provider of digital twin simulation and optimization technology," said the company in a statement. The agreement, through Accenture Ventures, took place during the first phase of the company's Series C fundraising. Cosmo Tech's 360 degrees Simulation Digital Twin platform allows organizations to explore and test business changes in order to see the potential immediate and long-term impact. The cloud-native platform uses data from current systems to test an unlimited number of scenarios and automatically find the optimal action plan. This enables organizations to more easily and quickly find new ways to achieve goals including cost reduction, improved resiliency and efficiency, and lessening environmental impact. Founded in 2010, Cosmo Tech's solutions have helped asset-intensive organizations increase profit by 5% across complex supply chains, and cut capital and operating expenses by 10-15%.
MTP

Hot Stocks

07:43 EST Midatech Pharma hires Quantuma to undertake contingency planning - The company said, "While the Company has sufficient cash resources to fund its operations until mid-March 2023 and the Board will seek to preserve its cash resources as far as practicable, it urgently requires a commitment for alternative sources of funding in advance of mid-March 2023 to be able to continue as a going concern and the Board are exploring options. There can be no guarantee that the Company will be able to find alternative sources of funding on a timely basis. If alternative funding is not available, the Directors believe that it is likely that the Company could be forced to enter into administration. The Board wishes to ensure that it is acting in the best interests of creditors and other stakeholders. Therefore, in light of today's vote at the General Meeting and its financial position, the Company has appointed Quantuma Advisory Limited, a specialist business advisory firm, to undertake contingency planning and provide advice to the Board of Directors on appropriate actions."
MTP

Hot Stocks

07:42 EST Midatech Pharma to not proceed with Bioasis acquisition, name change - Midatech Pharma announces that at its General Meeting held at 10.00 a.m. all ordinary resolutions were carried, but all other resolutions were not passed by shareholders. As certain resolutions were inter-conditional, only Resolution 4 was therefore passed. Accordingly, the proposed acquisition of Bioasis Technologies, Inc. and the proposed transactions related thereto, including the Change of Name, will not proceed. While the Company has sufficient cash resources to fund its operations until mid-March 2023 and the Board will seek to preserve its cash resources as far as practicable, it urgently requires a commitment for alternative sources of funding in advance of mid-March 2023 to be able to continue as a going concern and the Board are exploring options. There can be no guarantee that the Company will be able to find alternative sources of funding on a timely basis. If alternative funding is not available, the Directors believe that it is likely that the Company could be forced to enter into administration. The Board wishes to ensure that it is acting in the best interests of creditors and other stakeholders. Therefore, in light of today's vote at the General Meeting and its financial position, the Company has appointed Quantuma Advisory Limited, a specialist business advisory firm, to undertake contingency planning and provide advice to the Board of Directors on appropriate actions.
SLSSF

Hot Stocks

07:36 EST Solaris Resources reports results from metallurgical test work on Warintza - Solaris Resources reports results from metallurgical test work on its Warintza Project in southeastern Ecuador. The Company commissioned FLSmidth USA to complete comminution and metallurgical flotation test work programs. Mr. Daniel Earle, President & CEO, commented: "Warintza is blessed with simple metallurgy that readily returns high recoveries of critical minerals from standard flotation processes into high-grade concentrates free of deleterious elements. Historical testing reported high recoveries of over 90% for copper and 70% for gold; our testing has reproduced these results and established high recoveries for molybdenum of over 80% at a time when molybdenum prices recently eclipsed $30/lb due to structural supply issues in the sector." Highlights: High recoveries for copper, molybdenum and gold in rougher flotation, cleaner flotation and locked cycle testing; Low reagent dosages and short flotation times over a wide range of pH levels, and requiring only moderate to coarse grind sizes for both supergene and hypogene samples; High copper concentrate grades expected from both supergene material at 40% Cu and hypogene material at 22% Cu with both concentrates containing in excess of 1 g/t Au ; High molybdenum concentrate grades expected to meet or exceed 51% Mo independent of feed type given excellent liberation of coarse grained molybdenite; For context, the Warintza Mineral Resource Estimate includes a molybdenum byproduct estimate containing 150 kt Mo grading 0.03% Mo and 130 kt Mo grading 0.01% Mo (Inferred), in addition to gold; Concentrates free of deleterious elements, with no significant values of arsenic, antimony, bismuth or mercury; Optimization testing with larger sample sizes planned for hypogene material aimed at further increasing recoveries.
AGEN

Hot Stocks

07:34 EST Agenus presents clinical data from MSS CRC 70 patient cohort of a Phase 1b - Agenus announced clinical data from the MSS CRC 70 patient cohort of a Phase 1b study of botensilimab in combination with balstilimab in patients with chemotherapy and/or immunotherapy-resistant tumors. "The larger dataset continues to demonstrate that this combination offers superior efficacy and durability compared to what has been reported for standard of care and other investigational therapies in third line metastatic MSS CRC," the company said. The data were presented in the opening late-breaking oral session at the American Society of Clinical Oncology - Gastrointestinal Cancers Symposium in San Francisco, CA on Saturday Jan 21 2023. "This data highlight the deep and durable responses achieved with botensilimab and balstilimab in advanced MSS CRC, underscoring remarkable benefit for these patients who have failed standard of care or other investigative therapies. With over 300 patients enrolled to date, botensilimab alone and in combination with balstilimab have demonstrated durable clinical responses across nine cold and treatment-resistant cancers," said Steven O'Day, MD, Chief Medical Officer at Agenus. "Our top priority is to advance this combination in global randomized trials with the intent to bring this important treatment to patients expeditiously." Objective responses: 23% overall response rate; Other PD-(L)1 + CTLA-4 combinations in comparable patient populations have reported 1-5% response rates; 69% of objective responses were ongoing at data cut-off; 76% disease control rate. Survival:12-month overall survival of 63%; Reported 12-month overall survival for standard of care is ~25%; Median overall survival has not been reached
AIMD

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07:29 EST Ainos, Tah-An sign MOU to explore manufacture of VELDONA - Ainos announced that it has signed a Memorandum of Understanding with Taiwanese animal drug manufacturer Tah-An Chemical & Pharmaceutical. Ainos and Tah-An intend to jointly explore the feasibility of manufacturing an animal investigational new drug based on the Company's VELDONA formulation. Ainos plans to begin animal clinical trials for potential veterinary applications of VELDONA in the first quarter of 2023. Tah-An is proposed as the contract manufacturer of the new drug candidates and Ainos plans to contribute technical assistance. The companies are currently engaged in talks to establish a formal contract based on the MoU terms.
FURY

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07:27 EST Fury Gold Mines announces results from drill holes at Eau Claire project - Fury Gold Mines provides results for the final three 2022 core drill holes at the Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The 2022 drill program successfully expanded the high-grade gold mineralized footprint at the Hinge Target, Gap Zone, and eastern expansion target areas. To date, the eleven holes drilled into the Hinge Target have had a hit rate of nearly 55% above the Eau Claire underground measured and indicated resource grade of 6.3 g/t gold and over 80% above the underground cut-off grade of 2.5 g/t gold. Collectively, these results have provided a clear focus for deposit expansion moving forward into 2023. Drill hole 22EC-059 was drilled oblique to all other drilling at the Hinge Target and provides confirmation of the current geological interpretation. The hole intercepted eight zones of gold mineralization across 350 metres drilled width including 1.50m of 22.77 g/t gold, 1.50m of 15.30 g/t gold and 1.50m of 6.46 g/t gold. The reported intercepts extend the gold mineralization and represent a 100m offset to the west and 150m vertical offset of the defined shallow 850 Zone within the Hinge Target. Notably, the reported intercept of 1.50m of 22.77 g/t gold at a downhole depth of 181.5m, approximately 155m below surface, is one of the shallowest high-grade intercepts to date within the Hinge Target zone. "Fury is pleased to announce the final drill results from our 2022 drill program at Eau Claire, as these results further confirm our thesis that the Eau Claire resource is open for significant expansion. Importantly, we have extended the mineralized footprint of the resource at the Hinge Target, Gap Zone, and eastern expansion, and have intercepted substantial gold grades at the Percival Main zone, located 14 km from Eau Claire, which warrant follow-up work," commented Tim Clark, CEO of Fury. "The results of our program at Eau Claire are extremely encouraging and our 2023 plans are being reviewed and will be announced in the coming weeks."
UNCY

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07:25 EST Unicycive Therapeutics announces acceptance of abstracts at NKF meetings - Unicycive Therapeutics announced that three abstracts have been accepted for presentation at the National Kidney Foundation's upcoming Spring Clinical Meetings taking place in Austin, Texas from April 11-15, 2023. The following data will be presented at the NKF's Spring Clinical Meeting: Results from three pre-clinical studies of UNI-494, evaluating the risk of drug/drug interactions will be presented in a poster titled, "In Vitro Drug Interaction Studies of UNI-494 Indicate Low Risk of Drug-Drug Interactions." Efficacy data from a study of UNI-494 in a bilateral renal ischemia perfusion model will be presented in a poster titled, "UNI-494 Lowers Urine 2-microglobulin in Rats." Outcomes from a study that evaluated the medication weight of various phosphate binders to bind 1 gram of phosphorus will be presented in a poster titled "Binder Weight to Bind 1 Gram of Phosphate."
IDCC

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07:23 EST InterDigital commences modified 'dutch auction' tender offer - InterDigital announced that it has commenced a modified "Dutch auction" tender offer to purchase for cash up to $200 million of its common stock at a price per share not less than $60.00 and not greater than $69.00, less any applicable withholding taxes and without interest, using available cash on hand. On January 20, 2023, the closing price of the Common Stock was $62.92 per share. The Tender Offer will expire at 11:59 p.m., New York City time, on February 17, 2023, unless extended or terminated. If the Tender Offer is fully subscribed, the Company will purchase between 2,898,550 shares and 3,333,333 shares, or between 9.8% and 11.2%, respectively, of the Company's outstanding Common Stock. If shares having an aggregate purchase price of more than $200 million are tendered in the Tender Offer and not properly withdrawn, the Company reserves the right to accept for purchase pursuant to the Tender Offer up to an additional 2% of its outstanding Common Stock without extending the expiration date of the Tender Offer. Any shares tendered may be withdrawn prior to expiration of the Tender Offer. Stockholders that do not wish to participate in the Tender Offer do not need to take any action. None of our directors or executive officers will tender any of their shares in the Tender Offer. A modified "Dutch auction" tender offer allows stockholders to indicate how many shares of Common Stock and at what price within the range described above they wish to tender their shares. Based on the number of shares tendered and the prices specified by the tendering stockholders, the Company will determine the lowest per-share price that will enable it to acquire up to $200 million of Common Stock. All shares accepted in the Tender Offer will be purchased at the same price even if tendered at a lower price. To tender shares of Common Stock, stockholders must follow the instructions described in the "Offer to Purchase" and the "Letter of Transmittal" that the Company is filing with the U.S. Securities and Exchange Commission. These documents contain important information about the terms and conditions of the Tender Offer. Participants in the InterDigital, Inc. Savings and Protection Plan seeking to tender shares held by such plan must follow the tender procedures and instructions that will be provided separately to participants by or on behalf of the plan trustee by the earlier deadline of 5:00 p.m., New York City time, on February 14, 2023.
IPCFF

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07:21 EST International Petroleum announces results of normal course issuer bid - International Petroleum Corporation announced that IPC repurchased a total of 167,500 IPC common shares during the period of January 16 to 20, 2023 under IPC's normal course issuer bid / share repurchase program. IPC's NCIB, announced on December 1, 2022, is being implemented in accordance with the Market Abuse Regulation No 596/2014 and Commission Delegated Regulation No 2016/1052 and the applicable rules and policies of the Toronto Stock Exchange and Nasdaq Stockholm and applicable Canadian and Swedish securities laws. During the period of January 16 to 20, 2023, IPC repurchased a total of 120,000 IPC common shares on Nasdaq Stockholm. All of these share repurchases were carried out by Pareto Securities AB on behalf of IPC.
AOTVF

Hot Stocks

07:20 EST Ascot announces assay results from 2022 program at its Premier Gold Project - Ascot Resources announces the last remaining assay results from the 2022 exploration drill program at the Company's Premier Gold Project, located on Nisga'a Nation Treaty Lands in the Golden Triangle of northwestern British Columbia. Derek White, President and CEO of Ascot commented, "Having recently closed our financing for approximately C$200 million to complete construction of the Premier Gold Project, exploration results such as these are much more meaningful as they continue to reveal high gold grades and new zones of mineralization which could be exploited in the early years of the mine life. The headline intercept of 199 grams per tonne is the highest-grade interval Ascot has drilled at the Day Zone since its initial discovery in 2020 and aligned well with the predicted orientation of mineralization. We continue to be impressed with the resource expansion potential and are very excited about the exploration options for 2023 and enhancing the continuity and expansion of resources to the west of Big Missouri."
GTBIF

Hot Stocks

07:17 EST incredibles launches 50 Shades of Grape gummy in Illinois - incredibles, a cannabis brand from Green Thumb Industries, announced that it has launched its new, limited-edition 50 Shades of Grape gummy in the Illinois market. Made with pure THC distillate, the gummies feature a cannabinoid ratio of 50 mg THC / 50 mg CBD per pack and 5 mg THC / 5 mg CBD per gummy.
EGLX MDLZ

Hot Stocks

07:17 EST Enthusiast Gaming announces partnership with Mondelez's SOUR PATCH KIDS - Enthusiast Gaming (EGLX), announced a partnership with Mondelez International's SOUR PATCH KIDS (MDLZ) to launch the SOUR PATCH KIDS Fruit Fight Tournament, which will be hosted on NFL Tuesday Night Gaming's channels beginning in February 2023. The tournament is a collaboration among Enthusiast Gaming, SOUR PATCH KIDS, and media agency Spark Foundry to amplify the SOUR PATCH KIDS Fruit Fight campaign among the gaming community. "Enthusiast Gaming continues to be the partner of choice for brands looking connect with younger audiences and we are excited to partner with SOUR PATCH KIDS to extend NFL Tuesday Night Gaming programming in 2023", commented Bill Karamouzis, President of Enthusiast Gaming. "This partnership is another example of how Enthusiast Gaming is helping brands find innovative ways to reach Gen Z gaming audiences through bespoke content experiences."
PWP

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07:16 EST Perella Weinberg Partners announces new partners - Perella Weinberg Partners announced the promotion of two Managing Directors to Partners of the Firm, effective January 1, 2023: Anthony Giuliano - New York; Cory Hill - Los Angeles.
VERB

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07:16 EST Verb board to evaluate actions to address suspected illegal trading of shares - Verb Technology announces that its board of directors has begun examining measures to address the alleged illegal short selling of its stock, among other suspected trading violations. Based on what appear to be unusual trading patterns, the Company believes that certain individuals and/or companies may have engaged in illegal trading activities, including, among other things, naked short selling and spoofing that may have artificially depressed VERB's stock price. "Today we join the fight begun by companies like Genius Group, Helbiz and Creatd, among others for greater integrity in the capital markets," states Rory Cutaia, VERB Chairman & CEO. "The pattern of suspicious trading activity in our stock as a potential cause of the continued depression of our share price has had broad implications for our business and our shareholders, impacting our cost of capital, restricting our growth, and jeopardizing compliance with Nasdaq's listing requirements. When this type of trading activity continues unchecked it hurts companies like ours, but it also hurts retail investors, the honest hard-working people who invest their money in the stock market. This activity must stop. We believe that by combining resources and working together we bring the attention needed to effectuate change and hold those responsible accountable. I welcome the opportunity to collaborate with other CEOs whose companies have been affected by these actions."
CNNEF

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07:15 EST Canacol Energy announces discoveries at Dividivi1, Saxofon 1, Chimela 1 - Canacol Energy provide details on the following three discoveries, as well as information concerning its near term drilling programs. Saxofon 1 - Encounters 338 feet of gross gas pay within the Porquero and CDO reservoirs: The Corporation commenced the drilling of the Saxofon 1 exploration well on December 2, 2022 on its 100% operated VIM5 Exploration and Production contract located in the Lower Magdalena Basin. The well reached a total depth of 9,416 feet measured depth on January 7, 2023 and encountered a gross gas column of 290 feet true vertical depth within the Porquero sandstone reservoir between depths of 4,385 and 4,675 ft md, and a gross gas column of 48 ft tvd within the primary Cienaga de Oro sandstone reservoir between 7,560 and 7,608 ft md. The gas bearing reservoirs encountered within the Porquero sandstone display average porosity of 26 %, while those within the CDO sandstone display average porosity of 16 %. The well is currently being cased, and the Corporation is planning to mobilize a workover rig to complete and test the CDO. The development plan for Saxofon will include the drilling of additional appraisal and development wells once a new 3D seismic survey has been acquired over that area of the block in late 2023. The Corporation will provide production test results when they become available. Dividivi 1 - Encounters 89 feet of gross gas pay within the CDO and Cicuco reservoirs: The Corporation commenced the drilling of the Dividivi 1 exploration well on December 20, 2022 on its 100% operated VIM33 E&P contract located in the Lower Magdalena Basin. The well reached a total depth of 4,692 ft md on January 2, 2023 and encountered a gross gas column of 89 ft tvd within the primary CDO sandstone and Cicuco limestone reservoirs between depths of 2,184 and 2,273 ft md. The gas bearing reservoirs have average porosity of 27 %. The Corporation is currently executing a flow test of the well in order to formulate a commercial development plan for the discovery. The discovery is located approximately 35 kilometers to the west of the TGI gas pipeline which currently has approximately 260 MMscfpd of spare transportation capacity into the interior of Colombia. The Corporation will provide production test results when they become available. Chimela 1 - Encounters 85 feet of net oil and gas pay within the Lisama reservoir: The Corporation commenced the drilling of the Chimela 1 exploration well on November 13, 2022 on its 100% operated VMM45 E&P contract located in the Middle Magdalena Basin. The well reached a total depth of 14,101 ft md on December 16, 2022, and encountered multiple zones of oil and gas pay within the primary Upper Lisama and Basal Lisama sandstone reservoirs between depths of 12,410 and 13,694 ft md. The oil bearing reservoirs encountered within the Basal Lisama were encountered between 13,004 and 13,694 ft md with individual oil filled sands between 8 and 20 ft tvd in thickness, with average porosity of 14 %. The gas bearing reservoir within the Upper Lisama is 9 ft tvd thick, with an average porosity of 10 %. The Corporation is currently demobilizing the drilling rig and is preparing to mobilize a workover rig to complete and production test the well and will provide results when they become available. Natilla 1 - Sidetracking: The Corporation spud the Natilla 1 exploration well located on its 50% operated working interest SSJN 7 E&P contract on December 1, 2022. Natilla 1 is targeting gas bearing sandstones within the CDO and Porquero sandstone reservoirs. The well drilled to a depth of 11,848 ft md within the Porquero sandstone interval, the secondary target of the well, prior to encountering drilling related problems. The well is currently being sidetracked and the Corporation anticipates to reach planned total depth of 16,609 ft MD within the primary CDO sandstone target within 6 weeks. The Corporation plans to spud the Lulo 1 exploration well located on its 100% working operated interest Esperanza Exploration and Exploitation contract in mid March 2023. The Lulo 1 well is located less than 1 kilometer to the east of the Jobo production facility and is targeting gas bearing sandstones of the CDO sandstone reservoir. The well is anticipated to take 4 weeks to drill and complete.
AQUA XYL

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07:15 EST Evoqua Water jumps 14% to $46.71 after Xylem buyout offer - Xylem is down about 10% to $99.33 on the news.
VHIBF

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07:14 EST Vitalhub acquires Coyote Software for $2.37M - Vitalhub announces that it has acquired Coyote Software Corporation, a company incorporated and existing under the laws of the Province of Ontario. Coyote specializes in tailored software solutions that streamline the workflows of health and social service organizations. VitalHub acquired Coyote from its shareholders for a purchase price of $2,373,528. The purchase price was satisfied by a cash payment of $2,265,5281, a portion of which will be held in escrow for a six month period following closing of the Acquisition, and the delivery of 38,163 common shares of VitalHub, at a deemed price of $2.83 per share, to the principal shareholder of Coyote. These shares are subject to a four month hold from their date of issuance. "With this Acquisition, we are excited to expand upon our robust suite of offerings specifically servicing the Canadian marketplace, together with our BCare, TREAT, Clarity, and Roxy solutions. We look forward to welcoming Coyote's team members and CaseWORKS solution to the Company," said Dan Matlow, CEO of VitalHub Corp. "We currently have over 250 customers using our health and social service solutions across Canada, providing further ratification of our leadership in this sector and the strong market demand for our products. This acquisition serves to further advance our strategic M&A objectives, bringing new product synergies that can be cross sold into our existing install base, alongside an existing strong base of recurring revenue customers."
BCRX

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07:13 EST BioCryst selects Swixx BioPharma as commercial partner for ORLADEYO - BioCryst Pharmaceuticals announced the company has entered into a collaboration with Swixx BioPharma AG to commercialize ORLADEYO in Central and Eastern Europe, CEE. "We continue to build partnerships with companies that have deep expertise in commercializing rare disease therapies as we advance our mission of bringing ORLADEYO to patients living with hereditary angioedema around the world. The team at Swixx is highly skilled at launching rare disease therapies in Central and Eastern Europe, and we are thrilled to work alongside them to bring our oral, once-daily prophylactic treatment for HAE to patients in this region," said Charlie Gayer, chief commercial officer of BioCryst. Under the terms of the agreement, Swixx will be responsible for commercializing ORLADEYO in 15 markets within CEE.
SPOT

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07:12 EST Spotify: Alex Norstrom, Gustav Soderstrom appointed co-presidents
SPOT

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07:12 EST Spotify announces reduction in employee base by about 6% - In a regulatory filing, Spotify announced a reduction in the company's employee base by about 6% across the company. The company estimates that it will incur approximately EUR 35-45 million in severance-related charges. The company also announced that, as part of a broader reorganization, Dawn Ostroff, Chief Content & Advertising Business Officer, will leave the company. Ostroff will assume the role of a senior advisor to the company to help facilitate this transition. The company also announced that, as part of such reorganization, Alex Norstrom, currently Chief Freemium Business Officer, and Gustav Soderstrom, currently Chief Research & Development Officer, will each take on additional responsibilities and be appointed as co-presidents of the company.
SPOT

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07:12 EST Spotify's Chief Content & Advertising Business Officer Dawn Ostroff to leave
MAR

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07:12 EST Marriott signed 726 management and franchise agreements in 2022 - At the Americas Lodging Investment Summit in Los Angeles, Marriott International announced that the company's deal signings accelerated again in 2022. The company signed an average of two deals a day, for a total of 726 management and franchise agreements, an increase of 21% over 2021 signings, representing nearly 108,000 rooms. In addition, Marriott's City Express transaction, announced in October 2022, is expected to add around 17,000 rooms.
AGFY

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07:11 EST Agrify 'confident' in ability ro withstand 'challenging circumstances' - "Over the past few years, Agrify has fortified its position as one of the leading solution providers in the cannabis industry, offering customers a full suite of highly compelling products and services across cultivation and extraction," said Raymond Chang, CEO. "However, like many organizations in our industry and within the broader business landscape, we continue to encounter various headwinds that have necessitated significant adjustments to our short-term operating plan. Consequently, we have taken steps to create more stability during these uncertain times by better aligning our resources with the most attractive growth opportunities currently at our disposal, optimizing our sales strategy, and ensuring we have the right team in place to execute on our goals. As we forge ahead, we are confident in our collective ability to withstand these challenging circumstances and pursue a more suitable path for growth. We believe the plan we are carrying out will enable us to become cash flow positive by the end of the year and support the creation of greater value for our shareholders, customers, and employees. While some of the dynamics in the current macro environment have undoubtedly impeded progress for all, we believe the cannabis industry continues to offer substantial long-term upside, with robust global growth expected in the coming years. We have worked diligently to establish ourselves as a leading brand across cultivation and extraction, and we remain undeterred in our quest to become the world's most innovative end-to-end solution provider in the cannabis industry, offering a comprehensive ecosystem of products and services to help our customers succeed at any stage of growth."
CLBT

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07:11 EST Cellebrite announces five-year agreement with police agency in Singapore - Cellebrite announced a five-year agreement with a national police agency in Singapore, which will use Cellebrite's collect & review solution, Premium, to help lawfully expedite collection of digital evidence. The 5-year contract creates a strong partnership between the customer and Cellebrite, enabling us to be a closely integrated partner, both in the areas of knowledge and competencies development, and in the technology space associated with top-tiered digital investigations and intelligence. "We are thrilled to partner with this large law enforcement agency and progress our joint mission to enhance public safety and build safer communities," said Arthur Veinstein, President, Cellebrite International. "This contract is a true testament to Cellebrite being an industry leader. I am confident that our DI solutions will help our customer in its digital transformation journey."
SPOT

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07:11 EST Spotify announces reduction in employee base by about 6%
AGFY

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07:11 EST Agrify says search for CFO 'well underway' - Agrify has promoted Rachel Soulsby to Vice President of Marketing, Sheryl Elliott to Vice President of Human Resources, Caitlin Moakley Bricker to Chief of Staff, and Makenna Thompson to Director of Customer Experience. Lastly, as previously announced, Timothy Oakes, Agrify's CFO, recently notified the Company of his intent to resign to pursue other opportunities. Mr. Oakes has agreed to continue in his current position until the end of February and is expected to support the organization during this transitional period. A search for Mr. Oakes' successor is well underway.
AGFY

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07:09 EST Agrify focused on growing cultivation business - Agrify's diversified mix of products and services gives the Company flexibility to adjust its sales approach to capitalize on the market opportunities or sales channels that are most attractive at a given point in time. The Company is currently focused on growing its cultivation business by helping its existing Agrify Total Turn-Key Solution customers bring their facilities online, driving additional sales through its Rapid Deployment Pack program, and making a concerted effort to successfully capture market share in the academic and pharmaceutical research verticals. The Company expects to have several more customer cultivation facilities coming online in 2023, including some highly anticipated Agrify TTK Solution customer sites. Once these new Agrify TTK Solution facilities are fully operational, the underlying business model for this program, which includes high-margin recurring revenue streams, should be instrumental in creating substantial long-term value for the Company's shareholders. Despite the attractive returns the Company expects from its existing Agrify TTK Solution customers, Agrify will temporarily wait to pursue new opportunities that require construction financing until the market stabilizes, as those engagements are capital intensive upfront with a deferred payback period. This should significantly reduce the cash burn of the Company. In the interim, the Company expects to shift its resources to pursue other more appealing growth initiatives such as the RDP program and the academic and pharmaceutical research verticals. Agrify's RDP program was established to make it easier for a broader range of customers, both domestically and abroad, to access Agrify's award-winning cultivation technology. Featuring Agrify's flagship Vertical Farming Units in a prepackaged, self-contained, and quick-to-deploy format, the thoughtfully designed and engineered RDPs offer an accelerated path to production, cash flow, and profitability for customers. By removing certain barriers and points of friction with the RDPs, Agrify is able to provide customers who have properly equipped facilities best-in-class cultivation capabilities in potentially as little as 90 days. Once installed, the modular nature of the RDPs allows for seamless expansion opportunities, enabling customers the flexibility to grow and scale. In addition to the general expansion of the RDP program, the Company is looking to further introduce its fully integrated cultivation solution into the historically underserved academic and pharmaceutical research channels. In the past, progress in these channels had been stifled by stringent government restrictions, but the recent directive by the Biden administration to review the classification of cannabis under federal law and Congress' enactment of the Medical Marijuana and Cannabidiol Research Expansion Act have opened up a potentially lucrative opportunity to support these budding verticals, which are aiding both the advancement and acceptance of cannabis. This has led to an influx of educational programs and research grants related to cannabis. In 2023, Agrify hopes to be able to begin serving the needs of an increasing number of universities, research institutions, and pharmaceutical companies as they look to push the boundaries within the field of cannabis science and bring higher quality products to the market. The Company's extraction business, which consists of Precision Extraction Solutions, PurePressure, Lab Society, and Cascade Sciences with leading products across hydrocarbon, ethanol, solventless, post-processing, and lab equipment, has also made certain adjustments to meet the shift in the market toward small licenses as compared to larger vertical licenses. In the past two years, many licenses awarded were smaller and limited licenses focused on social equity and diversity, including within states such as Illinois, New York, Connecticut, Virginia, and Massachusetts. Agrify has streamlined its expansive extraction product portfolio to better support its sales efforts in 2023 and has also continued to innovate with several new products scheduled to launch this year. Additionally, the Company has amassed an extensive customer database it intends to leverage for compelling cross-selling and upselling opportunities.
EYPT

Hot Stocks

07:08 EST EyePoint enters lease agreement for construction of manufacturing facility - EyePoint Pharmaceuticals announced that it has entered into a lease agreement to design and construct a 40,000-square-foot manufacturing facility in Northbridge, Massachusetts to support the global manufacturing of programs, including EYP-1901 and YUTIQ. "As EyePoint continues to advance our retinal disease-focused pipeline and commercial business, the ability to efficiently and reliably manufacture our products is key to our mission of bringing innovative treatment options to patients living with serious eye disorders," said Nancy Lurker, Chief Executive Officer of EyePoint Pharmaceuticals. "This new facility provides us with significant manufacturing capacity to accelerate the clinical development and future commercial production for EYP-1901, as well as support global demand for our U.S. FDA and China NMPA approved therapy, YUTIQ. This strategic investment in a commercial scale facility reflects our commitment to EYP-1901, YUTIQ and the focus on building a strong pipeline for long-term shareholder value." The 40,000 square-foot standalone manufacturing facility will be Good Manufacturing Practice compliant to meet U.S. FDA and European Medicines Agency standards and support EYP-1901's clinical supply and commercial readiness upon regulatory approval. The new facility will be constructed and managed by V.E. Properties IX, LLC and is expected to be operational in the second half of 2024.
RGNX

Hot Stocks

07:07 EST Regenxbio announces Phase 1/2 trial of RGX-202 in Duchenne - Regenxbio announced that the Phase 1/2 AFFINITY Duchenne trial of RGX-202 for the treatment of Duchenne muscular dystrophy is now active and recruiting patients. RGX-202 is designed to deliver a transgene for a novel microdystrophin protein that includes the functional elements of the C-Terminal domain found in naturally occurring dystrophin. RGX-202 uses Regenxbio's proprietary NAV AAV8 vector. The trial is an open-label dose evaluation and dose expansion clinical trial to evaluate the safety, tolerability and clinical efficacy of a one-time intravenous dose of RGX-202 in patients with Duchenne.
AGFY

Hot Stocks

07:07 EST Agrify expects $7M in 2023 cost savings from cost efficiency measures - Agrify has identified several cost improvement measures that it believes will significantly reduce its cash burn, help to improve margins, and increase the likelihood that it will be cash flow positive by the end of the year. The Company is in the process of benefitting from various cost synergies, many of which are largely attributable to the four extraction brands it acquired in 2021 and 2022. Agrify has reduced its manufacturing and production costs through more effective supplier agreements, volume discounts driven by increased purchasing power, and less of a reliance on contract manufacturers. Additionally, the Company implemented a new enterprise resource planning system toward the end of 2022 and now has better visibility into its supply chain and inventory needs, allowing those needs to be better aligned with near-term revenue expectations. Agrify has also been able to simplify its organizational structure and embark on a strategic consolidation of its offices and facilities. Agrify believes that these improvements could result in up to $7 million in cost savings during 2023, and the Company anticipates that it may be able to accrue more savings as the year progresses.
PBI

Hot Stocks

07:06 EST Hestia nominates 7 candidates for election to Pitney Bowes board - Hestia Capital Management , which is the third largest stockholder of Pitney Bowes, and has a beneficial ownership position of approximately 7.2% of the Company's outstanding shares announced that it has nominated seven highly qualified and independent candidates for election to the Company's nine-member Board of Directors at the Company's 2023 Annual Meeting of Stockholders . In addition, Hestia released a presentation that details a sampling of current leadership's failings that have led to significant stockholder value destruction. Kurt Wolf, Founder and Chief Investment Officer of Hestia, commented: "Hestia has purposefully recruited a well-rounded slate of director candidates that possesses capital allocation acumen, corporate governance expertise, relevant sector backgrounds, operating and transaction experience and ownership perspectives - all of which are needed at Pitney Bowes. Our slate also has deep knowledge of the Company's balance sheet, business segments, market opportunities and secular headwinds. As a result of their experience and insight, our candidates have already been able to identify steps for turning around the Company and quickly repairing its severely damaged credit rating. We look forward to announcing an interim Chief Executive Officer candidate, issuing a 100-day transition plan and sharing a detailed value creation strategy prior to the upcoming Annual Meeting.
RBA IAA

Hot Stocks

07:06 EST Ritchie Bros., IAA merger expected to close in 1H23 - The companies continue to expect to close the transaction in the first half of 2023 subject to approval by Ritchie Bros. (RBA) shareholders of the issuance of Ritchie Bros. common shares in connection with the transaction and approval of IAA (IAA) shareholders of the transaction, as well as other customary closing conditions. Following the close of the IAA transaction, on an as converted basis Ritchie Bros. shareholders will own approximately 59.1% of the combined company, IAA shareholders will own approximately 37.2% and Starboard will own approximately 3.7%. Starboard's investment and Ritchie Bros.' contemplated special dividend are expected to be approximately neutral to the company's net leverage ratio. Ritchie Bros. continues to expect to have a leverage ratio of approximately 3x net debt to adjusted EBITDA4 upon the close of the IAA transaction and approximately 2x within 24 months thereafter. The Board of Directors of Ritchie Bros. and IAA both unanimously recommend that their respective shareholder vote in favor of the transaction at the respective special meetings to be held on March 14, 2023. Shareholders of record as of the close of business on January 25, 2023 will be entitled to vote at the applicable special meetings.
AGFY

Hot Stocks

07:06 EST Agrify announces strategic plan to foster long-term growth - Agrify Corporation announced it is actively taking steps to better align its resources and growth plan with the current operating environment, measures that the Company believes could put it in a position to be cash flow positive by the end of 2023. The company said, "Agrify, which offers both domestic and international customers one of the most comprehensive portfolios of cultivation and extraction solutions, has responded to the turbulence facing the entire cannabis industry by developing and instituting a plan to provide stability during the market downturn as well as a sustainable path forward. The plan primarily consists of reducing certain costs and leveraging various cost synergies to achieve new operational efficiencies, growing the top-line revenue through targeted sales efforts in the most attractive channels, and assembling the best leadership and talent in the industry."
BOXD

Hot Stocks

07:05 EST Boxed announces $20M in new financing - On Friday evening, the company announced that it has "entered into a second lien secured term loan facility with a lender that provided $10 million of new funding to the Company at close. The new facility also provides for an additional $10 million in funding, subject to the completion of certain milestones in a process for the sale of the Company. Concurrently with the financing with the Lender, the Company entered into an amendment to its existing first lien debt facility with funds and accounts managed by BlackRock that, among other things, reduces the Company's minimum liquidity covenant by $5 million. As part of the above transactions, approximately $32 million of the Company's existing convertible notes previously held by the Lender have been exchanged into new loans secured by a second lien security interest in substantially all of the assets of the Company and its subsidiaries, and the Lender has been issued warrants to purchase 14 million shares of the Company's outstanding common stock at an initial exercise price of $3.00 per share."
TCRX

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07:05 EST TScan Therapeutics announces FDA clearance of three IND applications - TScan Therapeutics announced that the U.S. Food and Drug Administration, FDA, has cleared its investigational new drug, IND, applications for T-Plex, TSC-204-A0201, and TSC-204-C0702. T-Plex will now serve as the primary IND for TScan's solid tumor program, enabling customized combinations of TCR-Ts to be administered to patients based on the targets and HLAs expressed in their tumors. The specific TCRs for each patient will be chosen from the Company's ImmunoBank, consisting of high-affinity, naturally occurring TCRs that recognize a variety of prevalent cancer-specific targets and are associated with various common HLA types. Each unique TCR-T will be filed as a secondary IND and will reference the primary T-Plex IND. In addition to the T-Plex IND, TScan filed secondary INDs for two initial TCR-T products, TSC-204-A0201 and TSC-204-C0702, that target melanoma-associated antigen 1 on HLA types A*02:01 and C*07:02. TScan believes that TSC-204-C0702 is the first clinical program in MAGE-A1 for an HLA type other than A*02:01. With these INDs cleared, TScan is now working to open a multicenter Phase 1 clinical trial to establish the safety, preliminary efficacy, and feasibility of repeat dosing of multiplexed TCR-T. David P. Southwell, President and Chief Executive Officer continued: "Today marks the first three IND clearances for our solid tumor program and further validates the use of our proprietary platform to identify therapeutic TCRs suitable for clinical development. With the FDA clearance of T-Plex, along with two MAGE-targeting TCRs, we are now one step closer to bringing bespoke cell therapies to patients. We are continuing to build our ImmunoBank, with four more IND filings anticipated in 2023."
CTSO

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07:05 EST CytoSorbents' STAR-T trial receives Health Canada regulatory approval - CytoSorbents has received regulatory approval from Health Canada allowing inclusion of Canadian sites into the pivotal Safe and Timely Antithrombotic Removal - Ticagrelor - STAR-T - randomized, controlled trial. CytoSorbents' product CytoSorb is approved in the EU and distributed in over 70 countries worldwide. CytoSorbents is conducting trials to support FDA marketing approval of DrugSorb-ATR for antithrombotic drug removal during cardiothoracic surgery.
RBA IAA

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07:05 EST Ritchie Bros., IAA announce amended merger agreement - Ritchie Bros. (RBA) and IAA, Inc. (IAA) announced that they have amended the terms of their previously announced merger agreement, pursuant to which Ritchie Bros. will acquire IAA in a stock and cash transaction. The amended agreement, which delivers enhanced value to Ritchie Bros. shareholders and increased cash consideration to IAA shareholders, has been unanimously approved by each company's Board of Directors. Under the terms of the amended agreement, IAA shareholders will receive $12.801 per share in cash and 0.5252 common shares of Ritchie Bros. for each share of IAA common stock they own. The change in consideration mix represents a shift in the cash/stock mix to approximately 29% cash/71% stock from the previous mix of 22% cash/78% stock. Additionally, the Ritchie Bros. Board of Directors announced that it expects to approve the issuance of a one-time special dividend to Ritchie Bros. shareholders in the amount of $1.08 per common share, which will be payable to holders of record as of a pre-closing record date to be determined with the consent of the Toronto Stock Exchange and contingent on the closing of the IAA transaction. Pursuant to a mutual cooperation agreement reached between IAA and Ancora, Tim O'Day, a seasoned industry executive and operator and the current President and CEO of Boyd Group Services Inc., is expected to be appointed to the Ritchie Bros. Board of Directors upon the closing of the transaction. He will be one of the four IAA board designees, subject to satisfactory completion of customary vetting and onboarding matters. Under the terms, Ancora has agreed to vote its shares, representing approximately 4% of IAA's voting power, in favor of the transaction.
AZN CINC

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07:04 EST AstraZeneca commences tender offer to acquire CinCor Pharma for $26.00 per share - AstraZeneca (AZN) is commencing, through a subsidiary, a tender offer to purchase all outstanding shares of CinCor Pharma (CINC), for $26 per share in cash at closing, plus a non-tradable contingent value right of $10 per share in cash payable upon a specified regulatory submission for a baxdrostat product. On January 9, AstraZeneca announced that it had entered into a definitive agreement to acquire CinCor. Following the successful closing of the tender offer, CinCor will become a subsidiary of AstraZeneca.
RBA

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07:02 EST Ritchie Bros. announces $500M investment from Starboard Value - Ritchie Bros. announced that it has entered into a securities purchase agreement with Starboard Value LP and certain of its affiliates pursuant to which Starboard will make a concurrent $485M convertible preferred equity and $15M common share investment in Ritchie Bros. In connection with the investment, Starboard CEO Jeffrey Smith will be appointed to the Ritchie Bros. Board of Directors effective following the later of the required approvals by Ritchie Bros. shareholders and IAA shareholders in connection with the company's pending acquisition of IAA, Inc. Under the terms of the securities purchase agreement, Starboard has agreed to purchase $485 million of newly issuable senior preferred shares of Ritchie Bros., convertible into common shares with an initial conversion price of $73.00 per share, representing a premium of approximately 23% over Ritchie Bros.' volume-weighted average price over the 10 trading day period ending on January 20, 2023. The preferred shares will carry an initial 5.5% preferred dividend, which is payable in cash or in shares at the company's option, and will also be entitled to participate on an as-converted basis in the company's regular quarterly common share dividends. Concurrently, Starboard has also agreed to purchase approximately $15 million of common shares in Ritchie Bros. at a purchase price of approximately $59.72 per share. The shares underlying Starboard's investment will not be voted at the Special Meeting of Ritchie Bros. Shareholders to be held with respect to the IAA transaction. In the event that the merger between Ritchie Bros. and IAA is terminated, the company will have the right to redeem the preferred shares at a redemption price of 102% of par plus accrued and unpaid dividends.
CTM

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07:02 EST Castellum awarded $1.9M contract for U.S. Navy - Castellum announced the award of the NAVAIR Aircraft Launch & Recovery Equipment V2 Maintenance Management System contract to its subsidiary Specialty Systems. This award extends the duration and scope of an existing contract and is worth a total of $1.9M including $1.1M to be recognized in calendar 2023. The V2MMS software application will be integrated into the existing Aviation Data Management and Control System used on all active US Navy aircraft carriers.
KOS

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07:00 EST Kosmos' floating vessel for GTA liquified natural gas project begins voyage - Kosmos Energy announced that the floating production, storage and offloading vessel for the Greater Tortue Ahmeyim liquefied natural gas project has departed the COSCO shipyard in China to commence its voyage via Singapore to the project site on the maritime border of Mauritania and Senegal. The vessel is expected to arrive in Q2.
EMR NATI

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07:00 EST Emerson Electric issues statement regarding National Instruments proposal - Emerson (EMR) issued the following statement regarding its all-cash proposal to acquire National Instruments (NATI) for $53 per share: "Emerson's objective with publicly disclosing our proposal to acquire NI was to ensure that the NI Board of Directors executed a fair and transparent strategic review process, and that NI's shareholders understood the credibility of our proposal. Over the course of the last week, following the public statements by Emerson and NI, we have been pleased to see engagement between the management teams and advisors for NI and Emerson. We are optimistic that the NI Board has commenced a process that we believe will lead to the sale of the company. NI has also confirmed Emerson will be a participant in that process. With the steps that NI and its Board have taken since our public proposal, Emerson has decided to proceed in its pursuit of acquiring NI without nominating its selected Independent Directors for election to NI's Board at its upcoming Annual Meeting of Stockholders. Emerson is committed to an acquisition of NI and is participating in the strategic review process. We believe our premium all-cash proposal at $53 a share, with no financing conditions or anticipated regulatory concerns, is compelling and in the best interest of Emerson and NI shareholders. We look forward to continued engagement with NI and its advisors and moving swiftly towards an agreed transaction."
ASXC

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06:58 EST Asensus Surgical receives CE mark for expanded machine vision capabilities - Asensus Surgical has received CE Mark for an expansion of machine vision capabilities on the previously cleared Intelligent Surgical Unit. With this CE Marking, the expanded ISU capabilities are now commercially available across all of the company's key geographies, including the EU, Japan, and the U.S. In addition, this approval included a review of the Senhance Surgical System platform. The Senhance Surgical System is powered by the Intelligent Surgical Unit.
XYL AQUA

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06:58 EST Xylem to acquire Evoqua Water in $7.5B all-stock transaction - Xylem (XYL) and Evoqua (AQUA) announced they have entered into a definitive agreement under which Xylem will acquire Evoqua in an all-stock transaction that reflects an implied enterprise value of approximately $7.5B. Evoqua shareholders will receive 0.480 shares of Xylem for each Evoqua share, representing a value of $52.89 per share or a 29% premium based on Xylem and Evoqua closing prices as of January 20, 2023. The transaction, which is anticipated to close in mid-2023, is subject to approval by shareholders of Xylem and Evoqua, the receipt of required regulatory approvals and other customary closing conditions. Upon closing, Xylem shareholders will own approximately 75% and Evoqua shareholders will own approximately 25% of the combined company on a fully diluted basis. Following the closing, the combined company will continue to be led by Patrick Decker, Xylem's President and CEO. Two current members of the board of directors of Evoqua are expected to join Xylem's board of directors. Xylem and Evoqua generated over $7B in combined revenue in the 12-month period ending September 30, 2022, with $1.2B in adjusted EBITDA. The combination unlocks compelling new growth opportunities and is expected to deliver run-rate cost synergies of $140M within three years, driven by scale efficiencies in procurement, network optimization and corporate costs. In addition, the transaction allows Xylem to maintain its strong balance sheet, which provides the combined company with significant strategic flexibility and optionality.
XYL AQUA

Hot Stocks

06:55 EST Xylem to acquire Evoqua Water in $7.5B all-stock transaction
PERF

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06:51 EST Perfect Corp. partners with Valmont for AI-powered skin analysis experience - Perfect Corp. announced the launch of a new experience for Valmont customers in coordination with the launch of V-Firm, a trio of skin treatments. Perfect Corp.'s AI solution, combined with Valmont's scientific expertise, enables consumers in more than 50 countries to obtain a skin analysis and a personalized beauty routine. The skin analysis experience uses deep learning to offer visitors an analysis giving users a skin score across five distinct indicators: firmness, wrinkles, radiance, fatigue and hydration.
BVXV

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06:30 EST BiondVax's inhaled NanoAb for COVID-19 shows efficacy in preclinical study - BiondVax announced additional results in a preclinical proof-of-concept study of its inhaled NanoAb COVID-19 drug. The study compared weight loss in two groups of hamsters. Hamsters administered a mid-sized 0.66mg dose of the NanoAb three hours prior to infection experienced no significant weight loss over the six-day trial, whereas the untreated control group's weight declined 12% on average, a highly statistically significant difference. These prophylactic results follow previously reported data from the same study indicating that compared to the control group, hamsters treated with a 2mg dose of BiondVax's inhaled NanoAb one day after infection had negligible SARS-CoV-2 viral titers in their lungs, and experienced a milder and shorter illness in comparison to the placebo group that had at least 30-times higher viral titers in their lungs at the end of the trial. Lung histopathology revealed that therapeutic inhalation of NanoAbs reduced damage to alveoli, pulmonary vessels, and the conductive system. This preclinical trial is continuing with additional arms testing lower therapeutic doses. The study will also evaluate safety parameters. In 2023, BiondVax is expected to conduct a preclinical toxicity study to assess safety as required by regulatory authorities for approval of human clinical trials. The company is also expected to scale up its manufacturing processes to produce the NanoAbs for the first-in-human Phase 1/2a clinical trial, planned for 4Q23.
IDYA

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06:11 EST Ideaya Biosciences provides update on darovasertib trials - Ideaya Biosciences announced that it has initiated enrollment into a company-sponsored Phase 2 clinical trial to evaluate darovasertib as monotherapy in neo-adjuvant and adjuvant settings in primary, non-metastatic uveal melanoma, or UM, patients. The company also provided guidance for an update on its Phase 2 clinical trial evaluating darovasertib in combination with crizotinib in metastatic uveal melanoma patients in 2023. Ideaya has initiated a company-sponsored Phase 2 clinical trial evaluating darovasertib as monotherapy in neoadjuvant and adjuvant UM. Pursuant to the protocol, in one cohort UM patients with large tumors will be treated with darovasertib until maximum benefit or six months, at which time they will undergo a primary interventional treatment. The endpoint for this large-tumor cohort is eye preservation - e.g., a patient who would otherwise have undergone enucleation is instead eligible for radiation treatment. In another cohort, UM patients with small or medium tumors will be treated with darovasertib until maximum benefit or six months, at which time they will undergo radiation therapy. Endpoints for this small- or medium-tumor cohort include reducing the radiation dose that the patient received, relative to the radiation dose they would have otherwise received without the neoadjuvant treatment, and functional vision preservation. Each of the two cohorts will include up to six months of follow-up adjuvant therapy after the primary interventional treatment to evaluate relapse-free survival and useful vision. In addition to Ideaya's Phase 2 clinical trial, the company is also continuing to support the ongoing investigator sponsored trial, or IST, captioned as "Neoadjuvant / Adjuvant trial of Darovasertib in Ocular Melanoma", led by St. Vincent's Hospital in Sydney with participation of Alfred Health and the Royal Victorian Eye and Ear Hospital in Melbourne. Ideaya owns or controls all commercial rights in darovasertib, subject to certain economic obligations under its exclusive, worldwide license with Novartis. Ideaya is also evaluating darovasertib in combination with crizotinib in MUM patients in a Phase 2 clinical trial. The company is targeting a clinical data update on the darovasertib and crizotinib combination in MUM in 2023, including overall survival, or OS, data.
MNKD

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06:06 EST MannKind says clofazimine inhalation suspension to advance to Phase 2/3 study - MannKind announced clofazimine inhalation suspension will advance to an adaptive Phase 2/3 study. Additionally, a paper has been published in the American Society for Microbiology journal Antimicrobial Agents and Chemotherapy examining the potential for treatment of nontuberculous mycobacterial infection through direct delivery of inhaled clofazimine to the lungs, overcoming the systemic toxicity witnessed in oral treatments.
BRN

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06:06 EST Barnwell Industries reaches cooperation and support agreement with stockholders - Barnwell Industries (BRN) has entered into a cooperation and support agreement with its two largest stockholders, Alexander Kinzler, who beneficially owns approximately 9.3% of the company's outstanding common stock, and MRMP-Managers, Ned L. Sherwood Revocable Trust, and Ned L. Sherwood, - the MRMP Stockholders - who beneficially own approximately 19.6% of the company's outstanding common stock. The agreement extends for two years the standstill terms of the previous agreement with the MRMP Stockholders in 2021, ending the potential of a proxy contest at the 2023 annual meeting of stockholders. Among other things, the company has agreed to promptly appoint Joshua Horowitz and Laurance Narbut to serve on its Board. Horowitz is a Portfolio Manager at Palm Management. He has held senior positions at Inverlochy Capital, an asset management firm, and Berggruen Holdings, the family office of Nicolas Berggruen. Narbut is the founder and Managing Partner of Acceleration Resources. The company has agreed to nominate Kinzler, Barnwell's CEO and President, Kenneth Grossman, Douglas Woodrum, and Horowitz and Narbut as candidates for election to the Board at the 2023 and 2024 annual meeting of stockholders and Kinzler and the MRMP Stockholders have agreed to vote their respective shares of common stock of the company in favor of the election of the company's slate at the 2023 and 2024 Annual Meetings. The company also has terminated the Tax Benefits Preservation Plan.
SYF

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06:03 EST Synchrony sees FY23 NIM 15%-15.25% - Sees FY23 loan receivables growth 8%-10%. Sees payment rate moderation expected to continue, remaining above pre-pandemic levels during 2023. Sees FY23 net charge-offs 4.75%-5%. Net Charge-Offs not expected to reach pre-pandemic levels on an annual basis until 2024 unless significant changes in macroeconomic environment develop. Sees FY23 RSA/average loan receivables 4%-4.25% and operating expenses $1.125B per quarter. The company expects to manage expenses to deliver positive operating leverage for the full year.
SYF

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06:02 EST Synchrony sees long-term ROA 2.5%, ROTCE 28%+ - Comments taken from Q4 earnings conference call presentation slides.
SGML

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05:20 EST Sigma Lithium starts processing plant commissioning, reports leadership changes - Sigma Lithium announced initiation of commissioning of its dense medium separation processing plant, one month ahead of schedule. It also announces certain leadership changes. Brian Talbot will continue to lead operations as COO of Sigma Lithium. Talbot has been working with the company since 2021, leading the operating team on site playing a role in the execution of project commissioning. He also serves on the company's Technical Committee. Ana Cabral-Gardner, previously co-CEO, continues as CEO of Sigma Lithium. She will also continue as co-chair of the company's board of directors. As part of the transition, Gary Litwack, currently Sigma Lithium's lead independent board director, has been appointed non-executive co-chair of the board. Further, in preparation for evolving financial reporting responsibilities as the company transitions from developer to producer, Rodrigo Menck, who joined the company in 2022, has been named CFO of Sigma Lithium. Felipe Peres, former CFO, will continue to work closely with the finance team in the capacity of senior advisor to the company. Menck has roughly 30 years of experience in finance and capital markets. He has spent the last 15 years leading finance functions for large corporations, including most recently with Nexa Resources. Calvyn Gardner, who had been co-CEO and co-chair of the board, will remain on the board.
NOK SSNLF

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05:13 EST Nokia signs new cross-license patent agreement with Samsung, terms undisclosed - Nokia (NOK) announced it has signed a new cross-license patent agreement with Samsung (SSNLF) following the expiry of the previous agreement at the end of 2022. Under the agreement, which covers Nokia's fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning January 1. The terms of the agreement remain confidential between the parties. The agreement is consistent with the assumptions that Nokia has disclosed in the long-term Nokia Technologies outlook commentary in its financial report for Q3 and January-September 2022 issued on October 20, 2022.
HCM TAK

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05:07 EST Hutchmed licenses fruquintinib to Takeda Pharmaceutical for up to $1.13B - Hutchmed (HCM) announced that its subsidiary, Hutchmed Limited, has entered into an exclusive license agreement with a subsidiary of Takeda Pharmaceutical (TAK) to further the global development, commercialization and manufacturing of fruquintinib outside of mainland China, Hong Kong and Macau, where it is marketed by Hutchmed. Hutchmed Limited will receive up to $1.13B including $400 million upfront on closing as well as potential regulatory, development and commercial sales milestone payments, plus royalties on net sales. Fruquintinib is a highly selective and potent inhibitor of vascular endothelial growth factor receptors -1, -2 and -3. Fruquintinib is orally administered and has the potential to be used across subtypes of metastatic colorectal cancer, regardless of biomarker status.
GXO

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05:04 EST GXO Logistics extends partnership with Groupe SEB - GXO Logistics announced that it has extended its partnership with Groupe SEB, offering additional warehouse space to enable sustainable growth. The company, based in France, is a manufacturer of small domestic appliances and cookware sold through multi-format retailing in more than 150 countries.