Stockwinners Market Radar for February 13, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

IBKR

Hot Stocks

21:00 EST Interactive Brokers launches cryptocurrency trading in Hong Kong - Interactive Brokers "announced its launch of cryptocurrency trading in Hong Kong, enabling Professional Investor clients of Interactive Brokers Hong Kong to trade Bitcoin and Ethereum. Eligible clients including individuals with over HKD 8 million in investable assets or institutions with assets greater than HKD 40 million who are residents of Hong Kong, can now trade cryptocurrency alongside other asset classes available on the Interactive Brokers platform creating a unified client experience."
MPWR

Hot Stocks

20:55 EST Monolithic Power CEO sells $3.12M in common stock - In a regulatory filing, Monolithic Power disclosed that its CEO sold 6.3K shares of common stock on February 13th in a total transaction size of $3.12M.
MC

Hot Stocks

20:54 EST Moelis exec sold $4.4M in common stock - In a regulatory filing, Moelis disclosed that its co-President Jeffrey Raich sold 97.9K shares of common stock on February 9th in a total transaction size of $4.4M.
FUSN

Hot Stocks

20:21 EST Fusion Pharmaceuticals jumps 39% after buying prostate cancer detection assets - Shares of Fusion Pharmaceuticals were up 39% or $1.40 afterhours at $5.02 after the company announced that it is buying the investigational new drug application for an ongoing Phase 2 clinical trial evaluating 225Ac-PSMA I&T from RadioMedix.
VLD

Hot Stocks

20:10 EST Cathie Wood's ARK Investment bought 75.9K shares of Velo3D today
COIN

Hot Stocks

20:09 EST Cathie Wood's ARK Investment bought 118.7K shares of Coinbase today
BB

Hot Stocks

20:08 EST BlackBerry selected by Chongqing Yazaki to power digital LCD cluster in China - BlackBerry "announced that Chongqing Yazaki Meter Co, a leading Chinese Tier 1 automotive supplier, has selected the BlackBerry QNX(R) Neutrino(R) Realtime Operating System to power its digital instrument cluster, which has now entered mass production."
NSC

Hot Stocks

19:13 EST Norfolk Southern says continuing to address East Palestine derailment - Norfolk Southern said it is continuing to work with local, state, and federal leaders and the community affected by the derailment in East Palestine, OH on February 3. Additionally, Norfolk Southern would like to update its customers on the status of railroad operations. "Both mainlines were restored to service on February 7 - after our Engineering team and contractors worked to quickly clear the site and laydown new infrastructure," the company said. "Norfolk Southern continues to make progress in two key areas: addressing the backlog of traffic; and getting power and crews back in cycle. As we continue to do so, customers will see a positive reflection of these efforts in the status of their shipments."
CGEM

Hot Stocks

19:04 EST Cullinan Oncology enters U.S. license agreement with Harbour BioMed - Cullinan Oncology, Inc. and Harbour BioMed announced that Cullinan Oncology has entered into an exclusive license with Harbour BioMed for the development and commercial rights of HBM7008 in the U.S. CLN-418/HBM7008 is a B7H4 x 4-1BB bispecific immune activator developed from next-gen heavy chain only antibody (HCAb)-based multi-specific antibody discovery platform HBICE, currently in a Phase 1 clinical study being conducted at U.S. and Australian sites in patients with advanced solid tumors. "We are pleased to bring CLN-418, a potential first-in-class, clinical-stage bispecific immune activator, into our diversified portfolio. We believe the best approach to conditional activation of 4-1BB is by targeting B7H4, a tumor associated antigen that is highly expressed across multiple cancers and minimally overlaps with PD-L1 expression. CLN-418 is a strong strategic fit for Cullinan, building on our expertise with bispecifics, and placing us at the forefront of bispecific antibody development in solid tumors. Importantly, this transaction adds another clinical-stage asset to our portfolio, and with it, we are on track to have potentially six clinical stage assets in our pipeline by the end of 2023," said Nadim Ahmed, Chief Executive Officer of Cullinan Oncology. "This transaction is consistent with our goal to strategically deploy capital to expand and advance our pipeline, and the financial terms of the agreement allow us to maintain a multi-year cash runway to fund our ongoing development efforts and deliver data from multiple clinical programs. Harbour BioMed is a global clinical-stage biotech company with experienced therapeutic innovation capabilities and a network of partnerships, and we look forward to realizing the full potential of this exciting program." Under the agreement, Cullinan Oncology will pay Harbour BioMed an upfront license fee of $25 million at closing for the exclusive right to develop and commercialize CLN-418/HBM7008 in the U.S. Harbour BioMed will be eligible to receive up to $148M in development and regulatory milestones plus up to an additional $415M in sales-based milestones as well as tiered royalties up to high teens on potential U.S. commercial sales.
RXST

Hot Stocks

18:58 EST RxSight director buys $6.0M in common stock - In a regulatory filing, RxSight disclosed that its director Juliet Tammenoms Bakker bought 480K shares of common stock on February 10th in a total transaction size of $6.0M.
CPA

Hot Stocks

18:32 EST Copa Holdings reports January traffic up 6.3% vs. 2019 level - Copa Holdings released preliminary passenger traffic statistics for January 2023. Given the irregular nature of the Company's operations starting in March 2020 due to the Covid-19 pandemic, we are comparing this traffic report to 2019 statistics. Consolidated capacity came in 1.3% higher than in January 2019, while passenger traffic increased by 6.3%. As a result, the load factor for the month was 87.1%, 4.1 percentage points lower than in January 2019.
MANH

Hot Stocks

18:06 EST Manhattan Associates CEO sells $2.07M in common stock - In a regulatory filing, Manhattan Associates disclosed that its CEO Eddie Capel sold 250.1K shares of common stock on February 9th in a total transaction size of $2.07M.
HZNP...

Hot Stocks

18:03 EST Soros Fund buys Horizon Therapeutics, exits BNY Mellon in Q4 - George Soros' Soros Fund Management disclosed in an SEC filing its holdings as of December 31, 2022. The fund's 27 new buys during the fourth quarter included, by size of position, Horizon Therapeutics (HZNP), iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), First Horizon (FHN), Altra Industrial Motion (AIMC), and Signify Health (SGFY). Soros exited 130 positions during the quarter, including by size of previous position Agree Realty (ADC), Bank of New York Mellon (BK), Las Vegas Sands (LVS), Sarepta (SRPT), and Analog Devices (ADI). The fund increased its stake in 18 holdings, including by size of previous position Alphabet Class A (GOOGL), Cboe Global Markets (CBOE), Invesco QQQ Trust Series 1 (QQQ), Booking (BKNG), and TransDigm (TDG). Soros reduced its stake in 27 holdings, including by size of previous position Rivian (RIVN), Amazon (AMZN), DR Horton (DHI), T-Mobile (TMUS), and Nike (NKE). The fund's top holdings as of December 31, in order of size, were Horizon Therapeutics, Rivian, iShares iBoxx $ Investment Grade Corporate Bond ETF, First Horizon, and Alphabet Class A.
ACLS

Hot Stocks

18:02 EST Axcelis director sells $1.52M in common stock - In a regulatory filing, Axcelis disclosed that its director Thomas St. Dennis sold 12K shares of common stock on February 13th in a total transaction size of $1.52M.
ACLS

Hot Stocks

18:01 EST Axcelis CEO sells $3.1M in common stock - In a regulatory filing, Axcelis disclosed that its CEO Mary Puma sold 24.8K shares of common stock on February 13th in a total transaction size of $3.1M.
AEP

Hot Stocks

17:51 EST AEP, Liberty file new FERC 2023 application for approval of Kentucky sale - American Electric Power and Liberty, an indirect subsidiary of Algonquin Power & Utilities Corp., filed a new application with the Federal Energy Regulatory Commission under section 203 of the Federal Power Act seeking approval of the sale of AEP's Kentucky operations to Liberty. The companies are asking FERC for expedited review of the application as they work to close the transaction by April 26, 2023. In December 2022, FERC denied approval of the sale without prejudice and outlined the additional information about customer protections needed to obtain approval. "AEP and Liberty are committed to the sale and are requesting FERC's accelerated review of the application so customers in eastern Kentucky can begin benefiting from the transaction," said Julie Sloat, AEP president and chief executive officer. "In addition to the Kentucky sale, AEP remains focused on advancing the strategic initiatives we have outlined, including the sale of our competitive renewables portfolio and the strategic review of our retail business. These actions are consistent with the equity financing plan, operating earnings guidance and long-term growth rate of 6-7% announced at our analyst day last October."
SYK

Hot Stocks

17:37 EST Stryker exec Menon sells 2,161 common shares - In a regulatory filing, Stryker group president Viju Menon disclosed the sale of 2,161 common shares of the company on February 9 at a price of $264.3065 per share.
UAL

Hot Stocks

17:35 EST VP of United Airlines Kenny sells $783K in company shares - VP of United Airlines Chris Kenny disclosed in a regulatory filing that he had sold 16,000 shares of company stock at $48.94 per share on February 10, for a total transection amount of $783,070.
PRPL

Hot Stocks

17:27 EST Purple Innovation responds to Coliseum Capital proxy fight intentions - Purple Innovation responded to the announcement by Coliseum Capital Management, a 45% shareholder, of its intention to nominate five directors for election to Purple's board of directors at the company's 2023 annual meeting. The special committee of the board of directors made the following statement: "We are extremely disappointed that Coliseum has launched a proxy fight seeking to replace a majority of Purple's Board, which currently comprises seven members. Coliseum's Managing Partner Adam Gray has served on Purple's Board of Directors since the time the Company went public in 2018. He has been the Chairman of the Board's Nomination & Governance Committee (N&G Committee) since its formation. During this time, Mr. Gray has been a fully engaged director, regularly contributing to Board composition and management succession planning, developing long-term growth strategies, and determining the appropriate capital structure to support the Company's promising future. At no time did Mr. Gray express his discontent with the way the business is being managed or the Company's strategic direction. He appears content with management, and he has been the director most responsible for the Board's composition, given his role as Chairman of the N&G Committee. Mr. Gray's posture only changed in January when the Company rejected Coliseum Capital's undervalued buyout proposal of $4.35 per share. Notably, Purple's stock has closed over that price for the past 75 days. Only in January, after the Company turned down Coliseum's opportunistic proposal, has Coliseum leveled criticisms and initiated the process to replace the majority of the Board with individuals of Coliseum's choosing. Mr. Gray and Coliseum have chosen to ignore the ongoing Board refreshment process that Mr. Gray, as Chair of the Board's N&G Committee, was responsible for managing. Inexplicably, none of Coliseum's new nominees were previously submitted by Mr. Gray for consideration to the independent search firm hired in the Fall by the N&G Committee. Furthermore, it appears that each of those candidates has past or current business relationships with Coliseum, which may affect their ability to act independently of Coliseum and on behalf of all Purple shareholders. As Coliseum notes in its letter, Purple has an opportunity to unlock substantial shareholder value. The current Board has recruited an exceptional management team, led by Rob DeMartini, that is executing a clearly defined strategic and operational plan. It is unfortunate that as we approach the sixth month of Coliseum's efforts to gain control of Purple without paying shareholders a suitable premium, Coliseum's campaign continues to be a distraction for this outstanding team and our employees. We remain interested in working cooperatively with Coliseum, and we will continue to seek to do so while protecting the interests of all shareholders. The Special Committee will review and consider Coliseum's nomination notice in accordance with the Company's bylaws and applicable law. The Board will present its recommendations for director nominees in its proxy statement that will be filed with the U.S. Securities and Exchange Commission. Purple shareholders are not required to take any action at this time."
MGNX

Hot Stocks

17:21 EST MacroGenics to present clinical results from Lorigerlimab study at ASCO - MacroGenics "announced preliminary safety and anti-tumor activity data from the dose expansion phase of the Company's ongoing Phase 1 clinical trial of lorigerlimab, a bispecific, tetravalent PD-1 CTLA-4 DART(R) molecule. This investigational molecule was designed to block PD-1 with enhanced CTLA-4 blockade on dual PD-1/CTLA-4-expressing cells, such as tumor-infiltrating lymphocytes, while maintaining maximal PD-1 blockade on all PD-1-expressing cells. The preliminary data is being presented in a poster titled "Lorigerlimab, a Bispecific PD-1 CTLA-4 DART Molecule in Patients with Metastatic Castration-Resistant Prostate Cancer: A Phase 1 Expansion Cohort" at the American Society of Clinical Oncology Genitourinary Cancers Symposium taking place February 16-18, 2023, in San Francisco, CA. As of the December 12, 2022 data cut-off, 118 patients with mCRPC, melanoma, non-small cell lung cancer or microsatellite-stable colorectal cancer were enrolled in the cohort expansion phase of the lorigerlimab Phase 1 study at the dose of 6.0 mg/kg, administered intravenously every three weeks."
EXEL BMY

Hot Stocks

17:05 EST Bristol-Myers' Opdivo and Exelixis' Cabometyx show durable survival in carcinoma - Bristol Myers Squibb (BMY) and Exelixis (EXEL) announced three-year follow-up results from the Phase 3 CheckMate -9ER trial, demonstrating sustained survival and response rate benefits with the combination of Opdivo and Cabometyx versus sunitinib in the first-line treatment of advanced renal cell carcinoma - RCC -. Additionally, a biomarker analysis showed that improvements in median progression-free survival and overall survival were sustained with the combination of Opdivo and Cabometyx regardless of PD-L1 status. No new safety signals were seen with extended follow-up. Within the full study population: treatment with Opdivo in combination with Cabometyx continued to show a 30% reduction in the risk of death and improvement in median OS vs. sunitinib. Additionally, median OS improved by 11.8 months since the previous data cut at 32.9 months median follow-up. The combination continuing to double median PFS vs. sunitinib. CR rates were also sustained, with 12.4% of those treated with Opdivo in combination with Cabometyx having a CR vs. 5.2% of those treated with sunitinib. 97% of patients treated with Opdivo in combination with CABOMETYX experienced a treatment-related adverse event of any grade compared to 93% of patients treated with sunitinib; 67% vs. 55% had a grade greater than or equal to3 TRAE, respectively.
BTAI

Hot Stocks

17:04 EST BioXcel announces seven patients achieve composite response in BXCL701 trial - BioXcel Therapeutics announced full data from its Phase 2a trial of BXCL701, the company's investigational, oral innate immune activator, in combination with Keytruda in small cell neuroendocrine, or SCNC, variant metastatic castration-resistant prostate cancer, or mCRPC, patients after at least one prior line of chemotherapy for locally advanced or metastatic prostate cancer. Results will be presented in a rapid abstract presentation and a poster presentation at the 2023 American Society of Clinical Oncology Genitourinary Cancers, or ASCO GU, Symposium on February 16. In the evaluable patient cohort, seven patients achieved a composite response, the primary endpoint of the trial. In patients with RECIST 1.1-defined measurable disease, partial response was observed in five patients. The disease control rate, defined as complete response + partial response + stable disease, was 48%. The median duration of response for both composite responses and RECIST 1.1-defined partial responses was 6+ months as of the data cutoff on December 19, 2022. Six out of 34 patients in the safety population experienced serious adverse events, or SAEs, possibly related or related to BXCL701 or pembrolizumab, and six patients discontinued any drug due to a treatment-related AE. No evidence found that BXCL701 potentiates immune-related AEs related to immune checkpoint inhibitors. DPP9 overexpression was identified as a potential predictive biomarker for BXCL701 response; biomarker evaluation is ongoing and additional findings will be presented at an upcoming medical meeting.
ARAV

Hot Stocks

17:02 EST Aravive to present positive updated data from ph1 trial of Batiraxcept at ASCO - The company states: "Aravive announced the presentation of updated results from its ongoing Phase 1b/2 trial of batiraxcept in clear cell renal cell carcinoma at the 2023 American Society of Clinical Oncology Genitourinary Cancers Symposium, taking place February 16-18, 2023 in San Francisco and virtually. The poster presentation will highlight updated results from the Phase 1b portion of the trial in 26 patients with advanced or metastatic ccRCC who have progressed after 1 or 2 prior lines of immuno-oncology - and vascular endothelial growth factor tyrosine kinase inhibitor-based therapies."
CPE

Hot Stocks

17:00 EST Callon Petroleum board chair Richard Flury to retire - Callon Petroleum Company announced L. Richard Flury's intention to retire from the Board of Directors following the 2023 Annual Meeting of Shareholders. "With guidance from Richard's deep experience in the energy industry, Callon has built a high-quality asset base of more than 200,000 gross acres in the leading oil plays in the Permian Basin and Eagle Ford Shale that has allowed us to profitably grow our production throughout his tenure," commented Callon President and Chief Executive Officer Joe Gatto. "Richard's leadership supported Callon through transformational acquisitions that have positioned the Company to execute our "Life of Field" Co-Development model on a deep inventory of high-return projects while preserving balance sheet strength. In addition, his focus on good governance has resulted in a strong and diverse Board that will continue to pursue sustainable value for all stakeholders. We are deeply appreciative of Richard's enduring contributions to the Company and wish he, Liz and their family all the best." Mr. Flury has served as director of the Company for nineteen years and as Board Chair since 2017. Prior to joining the Board, he spent a 30-year career with BP plc and predecessor entities in roles of increasing responsibility including as Chief Executive for Gas, Power and Renewables. Mr. Flury's previous board service includes McDermott International, Chicago Bridge and Iron Company where he served as board chair, and QEP Resources, Inc. In preparation for Mr. Flury's forthcoming retirement, the Board has named independent director Matthew R. Bob as Chair-elect and expects to appoint him as Chair immediately following the upcoming Annual Meeting. Mr. Bob has served on the Callon Board since 2014 and is currently Chair of the Compensation Committee. He recently retired as President of Eagle Oil & Gas Co., an independent oil and gas company with operations in Texas. A registered geoscientist, he is also the founder and managing member of MB Exploration, LLC. Mr. Bob previously served as a director of Southcross Energy Partners, a natural gas processing and transportation company in South Texas, prior to its acquisition by Targa Resources Corp.
CLF

Hot Stocks

16:58 EST Cleveland-Cliffs sees Q1 adjusted EBITDA performance greater than Q422 - "After successfully achieving an $80 per ton quarter-over-quarter reduction in Steelmaking unit costs during the fourth quarter, the Company expects to achieve a further sequential decline of $50 per ton during the first quarter of 2023, and even further reductions into the second and third quarters of 2023," noted the company in a stsatement. The Company expects its Adjusted EBITDA performance in the first quarter of 2023 to exceed its Adjusted EBITDA performance in the fourth quarter of 2022. Additionally, the Company put forth the following expectations for the full-year 2023: Steel shipment volumes of approximately 16M net tons, compared to 14.8M net tons in 2022; Capital expenditures of $700 to $750M, compared to $943M in 2022; Cash contributions related to pension and OPEB plans of approximately $100 million, compared to approximately $200Min 2022; and Federal cash tax refunds of approximately $140M.
CLF

Hot Stocks

16:54 EST Cleveland-Cliffs sees $100 per ton boost in selling price for auto in 2023 YoY - On December 22, Cliffs announced that it had successfully renewed a large portion of its fixed price contracts, and expected a $100 per ton selling price increase for its direct automotive business in 2023 compared to 2022. After additional successfully completed negotiations, the Company now expects a $115 per ton increase on these contracts. This end market represents normalized demand of approximately 5M net tons per year. The Company expects an approximately $2B reduction in Steelmaking COGS in 2023 compared to 2022. The primary drivers of this significant reduction in costs are normalized repair and maintenance expenses, higher production volume and lower input costs.
PLTR

Hot Stocks

16:50 EST Palantir jumps 18% to $8.99 after reporting profitable quarter
ESTC

Hot Stocks

16:46 EST Elastic names Mathew Donoghue Chief Marketing Officer - Elastic appointed Mathew Donoghue as Chief Marketing Officer effective February 13. Prior to joining Elastic, Donoghue spent 15 years managing marketing strategy and execution. Most recently, Donoghue served as Senior VP, Global Marketing at Palo Alto Networks.
VIR GSK

Hot Stocks

16:46 EST Vir Biotechnology announces amended collaboration pact with GSK - Vir Biotechnology (VIR) announced that the research collaboration agreement established with GSK (GSK) in 2020 has been amended to reflect that Vir will continue its ongoing efforts to discover, develop and advance next-generation solutions for COVID-19 and other potential coronavirus outbreaks, independently or with other partners. Together, the companies will continue working to ensure ongoing access to sotrovimab for patients around the world, where authorized, and to develop new therapies for influenza and other respiratory diseases. In April 2020, GSK and Vir entered into a collaboration to research and develop solutions for coronaviruses, including SARS-CoV-2, the virus that causes COVID-19. The collaboration used Vir's proprietary monoclonal antibody platform technology to accelerate existing and identify new anti-viral antibodies that could be developed as therapeutic or preventive options to help address the COVID-19 pandemic and future outbreaks. In 2021, the Companies expanded their collaboration to include the research and development of new therapies for influenza and other respiratory viruses. Under the terms of the new amended agreement, Vir retains the sole rights to continue advancing next-generation solutions arising from the collaborative coronavirus vaccine and antibody programs, subject to tiered low- to mid-single digit royalties to GSK. The companies continue to collaborate on sotrovimab and VIR-7832, as well as a portfolio of other respiratory disease programs.
IPVF

Hot Stocks

16:43 EST InterPrivate III Financial Partners to transfer listing to NYSE American - InterPrivate III Financial Partners announced that it will transfer its listing from the New York Stock Exchange to the NYSE American LLC. InterPrivate received written confirmation that it received the final approval for listing from the staff of NYSE American on February 13, 2023. In connection with the transfer, InterPrivate will voluntarily delist from the New York Stock Exchange, and expects to begin trading on the NYSE American on or about February 16, 2023. InterPrivate's decision to transfer to the NYSE American was made to permit the continued listing of its securities following recent redemptions of InterPrivate's Class A common stock in connection with the vote to extend the deadline by which InterPrivate must complete its initial business combination. Following the transfer to the NYSE American, InterPrivate intends to continue to file the same types of periodic reports and other information it currently files with the U.S. Securities and Exchange Commission.
PROC

Hot Stocks

16:42 EST Procaps Group: Weinstein asked to rejoin the board 'for potential M&A' - "Alejandro Weinstein has asked to rejoin the Board of Directors to collaborate in driving 2023 operating plans and potential M&A opportunities, and the Board has approved his appointment. We look forward to his leadership and expertise, and it is envisioned that Alejandro will serve on the Board for the remainder of 2023. Alejandro will succeed Daniel Fink, whose planned tenure was set to expire in 2023. Dan has been an incredible asset to the Company and the Board for his steadfast commitment and guidance throughout our business combination and after, for which we thank him. Dan will continue to work with us in the near term as a Board Observer, and we look forward to his continued guidance and expertise. Kyle Bransfield will succeed Dan Fink as a member of the Audit Committee of the Board of Directors. Additionally, insider directors have agreed to forego any compensation for Board services in 2023."
FUSN

Hot Stocks

16:35 EST Fusion Pharmaceuticals trading resumes
FXCO

Hot Stocks

16:33 EST Financial Strategies Acquisition to merge with Austin Biosciences - Financial Strategies Acquisition announced the execution of a definitive business combination agreement with Austin Biosciences. Austin Biosciences has developed a proprietary technology, Lipid-Albumin Stabilized Solid Nanoparticles, that leverages nanotechnology to improve the delivery of drugs. Upon closing of the transaction, Austin Biosciences will become a wholly-owned subsidiary of the company. Schinzing will serve as Chairman and Burgi-Krishnamurthy will serve as CEO of Austin Biosciences. The company's common stock is expected to be listed on the Nasdaq Capital Market under the ticker symbol "ASTN." Austin Biosciences is a preclinical pharmaceutical company with multiple, proprietary product candidates derived from a nanotechnology-based approach to drug development. Product candidates focus upon the development of improvements to existing FDA approved cancer treatment therapies to make them more bioavailable, less toxic and more soluble. Austin Biosciences's shareholders will receive an aggregate of 12.5 million shares of FXCO's Class A common stock in exchange for all of the capital stock of Austin Biosciences. The market capitalization of the combined companies will be approximately $166.3M. Financial Strategies Acquisition estimates that the current shareholders of Austin Biosciences will own approximately 75% of the issued and outstanding shares of the combined companies at closing. The transaction is subject to the approval of Austin Biosciences and FXCO shareholders and other customary conditions. The transaction is expected to close in 2Q23.
UCBI

Hot Stocks

16:33 EST United Community Banks to acquire First Miami for $115.9M, sees accretion - United Community Banks (UCBI) and First Miami Bancorp announced the execution of a definitive merger agreement pursuant to which United will acquire First Miami, and its wholly-owned subsidiary, First National Bank of South Miami in an all-stock transaction with an aggregate value of approximately $115.9M, or $1,330 per share of First Miami common stock, based on United's 10-day average closing stock price of $33.02 as of February 10. Additionally, First Miami shareholders will receive a special cash dividend at closing from net proceeds of the sale of certain investment securities held by First Miami. FNBSM is headquartered in South Miami, Florida, and operates three offices in the Miami metropolitan area. As of December 31, 2022, FNBSM had total assets of $1B, total loans of $594M, and total deposits of $867M. In addition to traditional banking services, FNBSM offers private banking, trust and wealth management services and has approximately $310M in assets under management. FNBSM is well-known in its local communities and has focused on steady, high-quality growth by hiring and developing a skilled banking team. Under the terms of the merger agreement, First Miami shareholders will receive 40.2685 shares of United common stock for each share of First Miami common stock outstanding. The merger is expected to be accretive to United's earnings per share, excluding transaction costs, by approximately 9c per share, or 3% in 2024. The estimated transaction returns are consistent with United's stated acquisition criteria pertaining to tangible book value and targeted internal rates of return. The merger agreement was unanimously approved by the boards of directors of First Miami and United. The merger is expected to be completed in the third quarter of 2023 and is subject to customary conditions, including regulatory approval as well as the approval of First Miami's shareholders.
CRBG

Hot Stocks

16:32 EST Corebridge names Lisa Longino CIO - Corebridge Financial announced that Lisa Longino has been named Chief Investment Officer, effective immediately. Longino will report to Kevin Hogan, Chief Executive Officer, Corebridge Financial. "We are excited to welcome Lisa Longino, a recognized leader in managing insurance company investment portfolios, to Corebridge Financial as Chief Investment Officer," said Hogan. "Corebridge maintains a high-quality asset portfolio and differentiated investment partnership capabilities, and we look forward to Lisa bringing her experience in dynamically managing investment portfolios across a variety of economic cycles along with her expertise in asset allocation, portfolio risk and external investment manager oversight." Longino previously served as Head of Global Investment Strategy for Prudential Financial. Prior to that, she held several investment roles over more than 20 years at MetLife, including Head of Insurance Asset Management, Head of Portfolio Management and Head of Investment Grade Trading. Longino has been investing for insurance companies for over three decades with a focus on fixed income portfolios matched to insurance liabilities.
ALSN

Hot Stocks

16:31 EST Allison Specialty Series transmissions selected for U.S. Army vehicles - Allison Transmission announced that Allison's 4000 Specialty Series transmissions are included in the U.S. Army's Common Tactical Truck prototype vehicle phase. CTT, the newest tactical wheeled vehicle program, will begin replacing the U.S. Army's aging fleet of heavy tactical wheeled vehicles. The U.S. Army has proposed replacing most variants in its heavy tactical wheeled vehicle fleet with a single platform that shares a common powertrain, chassis and cab. The Army selected four companies to each provide several different prototype vehicles to refine specifications as the program moves to vehicle testing in 2024 and initial production by 2027. "Allison Transmission is committed to leveraging advancements made in the commercial vehicle industry to provide defense customers with fuel efficient, reliable and innovative propulsion solutions," said Dana Pittard, Vice President, Defense Programs, Allison Transmission. "System and vehicle level integration expertise is a core competency and differentiator for Allison, and we are proud to deliver next generation capabilities in partnership with our defense customers to optimize vehicle performance for the men and women of our nation's armed forces."
USNA

Hot Stocks

16:31 EST Usana names Jim Brown as new CEO effective July 1st - The company states: "USANA Health Science announced that consistent with the company's planned succession strategy, Kevin Guest, USANA's CEO since 2015 and Chairman of the Board since 2020, will transition to the role of Executive Chairman of the company, effective July 1, 2023. At that time, Jim Brown, USANA's current President, will be named CEO of the company."
FE

Hot Stocks

16:30 EST FirstEnergy raises targeted dividend payout ratio to 60%-70% - FirstEnergy announced a new dividend policy that raises the targeted dividend payout ratio to 60% to 70% of operating earnings, from the previous range of 55% to 65%. While all dividend declarations are subject to board approval, the company expects to resume dividend growth for dividends payable later this year. "We recognize the importance of an attractive dividend, and we're pleased to move forward with a new policy that reflects the steps we've taken to improve our credit profile, our confidence in our long-term growth prospects and our commitment to increase value for shareholders," CEO Somerhalder said.
CYH

Hot Stocks

16:28 EST Community Health reports third party vendor Fortra experienced security incident - In a regulatory filing, Community Health Systems disclosed that the company was recently notified by Fortra, LLC, a third party vendor of the company, that Fortra had experienced a security incident that resulted in the unauthorized disclosure of dompany data. "Fortra is a cybersecurity firm that contracts with company affiliates to provide a secure file transfer software called GoAnywhere. As a result of the security breach experienced by Fortra, Protected Health Information, or 'PHI,' as defined by the Health Insurance Portability and Accountability Act, or 'HIPAA,' and 'Personal Information,' or 'PI,' of certain patients of the company's affiliates were exposed by Fortra's attacker. Upon receiving notification of the security breach, the company promptly launched an investigation, including to determine whether any company information systems were affected, whether there was any impact to ongoing operations, and whether and to what extent PHI or PI had been unlawfully accessed by the attacker. While that investigation is still ongoing, the company believes that the Fortra breach has not had any impact on any of the company's information systems and that there has not been any material interruption of the company's business operations, including the delivery of patient care. With regard to the PHI and PI compromised by the Fortra breach, the company currently estimates that approximately one million individuals may have been affected by this attack. The company will ensure that appropriate notification is provided to any individuals affected by this attack, as well as to regulatory agencies as required by federal and state law. The company will also be offering identity theft protection services to individuals affected by this attack. The company carries cyber/privacy liability insurance to protect it against certain losses related to matters of this nature. However, the company may have incurred, and may incur in the future, expenses and losses related to this incident that are not covered by insurance. While the company is continuing to measure the impact, including certain remediation expenses and other potential liabilities, the company does not currently believe this incident will have a material adverse effect on its business, operations, or financial results," Community Health stated.
PTRA

Hot Stocks

16:24 EST Proterra appoints Julian Soell as COO, Chris Bailey as Chief Business Officer - Proterra announced the appointments of Julian Soell as Chief Operating Officer and Chris Bailey as Chief Business Officer effective March 1. "Julian and Chris are skilled executives who in their new roles will drive greater operational and financial rigor across our entire organization. With their proven track records of execution at our company, I'm looking forward to building on our foundation as we focus on sustainable growth to meet the opportunities ahead for zero-emission transportation," said Proterra CEO Gareth Joyce. As Chief Operating Officer, Julian will oversee all of Proterra's manufacturing and plant operations, quality, and supply chain across the Company's business units that includes Proterra Transit and Proterra Powered & Energy. In his role as Chief Business Officer, Chris will lead all commercial activities for Proterra including business development, sales and marketing, customer program management, as well as customer success and service.
FUSN

Hot Stocks

16:22 EST Fusion Pharmaceuticals to resume trading at 4:35 pm ET - Fusion Pharmaceuticals shares are scheduled to resume trading at 4:35 pm ET, with quotation scheduled to resume at 4:30 pm ET, according to Nasdaq. The shares were halted, news pending, ahead of the company announcing that Fusion Pharmaceuticals acquired from RadioMedix the investigational new drug application for an ongoing Phase 2 clinical trial evaluating 225Ac-PSMA I&T and that Fusion has agreed to sell an aggregate of approximately 17.6M common shares to certain accredited institutional investors in a private placement in public equity financing.
FAZE

Hot Stocks

16:21 EST FaZe Holdings announces collaboration with A BATHING APE - FaZe Holdings announced their first official collaboration with global street fashion brand, A BATHING APE. The collection will feature a wide array of co-branded FaZe Clan x BAPE clothing and accessories including t-shirts, sweatsuits, hockey jerseys, gadget pouch, hats and more.
ACAQ

Hot Stocks

16:21 EST Athena Consumer Acquisition Corp trading halted, news dissemination
CNM

Hot Stocks

16:21 EST Core & Main to acquire Landscape & Construction Supplies LLC, terms not stated - Core & Main has entered into a definitive agreement to acquire substantially all of the assets of Landscape & Construction Supplies LLC, a full-service provider of geosynthetics products, with two locations in the Chicago metropolitan area.
AIG

Hot Stocks

16:20 EST AIG to form independent managing general agency - American International Group announced that it has entered into a binding memorandum of understanding with Stone Point Capital LLC, a private equity firm focused on investing in businesses within the global financial services industry, to form an independent Managing General Agency to serve High Net Worth and Ultra High Net Worth markets. AIG's Private Client Group business will move to this new independent platform and be rebranded as Private Client Select Insurance Services. "As previously disclosed, AIG has been exploring structures that, over time, will allow PCG to be supported by third-party capital providers, including AIG and its innovative syndicate at Lloyd's, referred to as Syndicate 2019. By partnering with a world-class private equity firm like Stone Point, we can maximize the strengths of this business and improve product offerings to better serve the High and Ultra High Net Worth markets," said Peter Zaffino, Chairman and Chief Executive Officer, AIG. Completion of the proposed transactions among AIG and Stone Point is subject to negotiation of definitive agreements, obtaining required permits and regulatory approvals. The terms of the transaction have not been disclosed.
FUSN

Hot Stocks

16:19 EST Fusion Pharmaceuticals to acquire Phase 2 program for prostate cancer candidate - Fusion Pharmaceuticals acquired from RadioMedix the investigational new drug application for an ongoing Phase 2 clinical trial evaluating 225Ac-PSMA I&T, a small molecule targeting prostate specific membrane antigen expressed on prostate cancers. Following the closing, the alpha-emitting radiopharmaceutical being evaluated in the TATCIST trial will be known as FPI-2265. Fusion plans to expand the Phase 2 program to additional sites and expects to report data on 20 to 30 patients in the 1Q24. In connection with the closing of the acquisition of the TATCIST trial and related assets, Fusion has agreed to sell an aggregate of approximately 17.6 million common shares to certain accredited institutional investors in a private placement in public equity financing. The offering is expected to result in gross proceeds to Fusion of approximately $60.0M, before deducting placement agent fees and other offering expenses payable by Fusion. At the closing of the offering, Fusion will issue approximately 17.6 million of its common shares at a price of $3.40 per share. The closing of the offering is expected to occur on or about February 16. Upon the closing of the offering, Fusion anticipates having $248.0M in cash and cash equivalents, which it believes will be sufficient to fund its planned operating expenses and capital expenditure requirements into 1Q25.
CTKB

Hot Stocks

16:19 EST DiaSorin unit Luminex in pact with Cytek to sell FCI assets, no terms - DiaSorin and Cytek Biosciences announced that Luminex , a wholly owned subsidiary of DiaSorin, has signed an agreement with Cytek to sell substantially all of its assets related to the Flow Cytometry & Imaging FCI business unit. The sale is expected to close within 30 days, subject to customary closing conditions. The FCI business unit, acquired by Luminex in October 2018, is based on both conventional flow cytometry and image-based flow cytometry instrumentation, which provide insights into all facets of cellular phenotypes and morphology. The FCI business unit includes dedicated commercial, operations, R&D, and supporting personnel. An existing installed base of more than 7,000 instruments will be under the Cytek umbrella following the acquisition, expanding the company's global commercial footprint.The decision to sell the FCI business unit to Cytek is in line with the strategic priorities communicated to investors during the Capital Market Day in December 2021."We are currently working on several projects that will allow DiaSorin to further growth and strengthen our positioning as a specialty player over the next years," commented Angelo Rago, president of Luminex. "To do so, we need to be extremely focused on the core for our future and, therefore, we decided to sell the Flow Cytometry & Imaging business unit to a dedicated, leading player in the space. We are convinced that Cytek will be able to grow it with success in the future."
ICFI

Hot Stocks

16:19 EST ICF International awarded $29M contract from NYSDOT - The New York State Department of Transportation recently awarded ICF a $29M contract to develop an equitable and accessible transportation mobility services program through technological innovations. The recompete contract for ICF has a term of five years with an option to extend for one additional year.
UGI BP

Hot Stocks

16:19 EST UGI, Archaea launch JV to develop RNG project in Pennsylvania - UGI Energy Services, a subsidiary of UGI Corporation (UGI), and Archaea Energy, a subsidiary of BP (BP), announced that they recently entered into a joint venture, Aurum Renewables, LLC, to develop a renewable natural gas project at the Commonwealth Environmental Systems landfill in Hegins, Pennsylvania. Archaea Holdings, LLC, a subsidiary of Archaea, holds a 60% ownership interest, and a subsidiary of UGIES holds a 40% ownership interest in the joint venture. Under the joint venture, UGIES will contribute its existing 11 megawatt landfill gas-to-electricity facility. Through the joint venture, Aurum will develop a new RNG facility where the landfill gas will be processed to become RNG. Once complete, the project is expected to have the capacity to produce approximately 5,000 MMBtu per day of pipeline-quality RNG. Archaea, an industry-leading RNG company, will lead the development, engineering, construction, and operation of the new RNG facility, and UGIES will take a lead role in marketing the RNG produced by the facility. "This project represents a meaningful step forward for UGI," said Robert F. Beard, Chief Operations Officer, UGI. "Demand for RNG is growing, as more individuals and businesses look for an energy source that is safe, cost effective and environmentally friendly. UGI's investment in Aurum is another example of our commitment to our strategy of making significant investments in renewable energy projects. Additionally, the investment in Aurum supports the Company's existing greenhouse gas emission reduction plans that are highlighted in our latest environmental, social and governance report," Beard concluded.
EQT

Hot Stocks

16:18 EST EQT Corporation announces planned CFO transition - EQT Corporation announced the planned transition of David Khani, Executive Vice President and CFO, effective in July. EQT will be conducting a search to identify a successor and Khani will work closely with the Board to ensure a smooth transition of leadership.
SNDL

Hot Stocks

16:16 EST Sundial Growers announces cost saving measures, rightsizing at Alberta facility - Sundial Growers announced changes to its operations through a rightsizing of cannabis cultivation in Olds, Alberta, in an effort to focus the facility on premium products and brands. The Valens Company transaction has accelerated the need to optimize and rationalize SNDL's manufacturing and operational footprint to better address market saturation and oversupply. SNDL has initiated a headcount reduction of approximately 85 employees at the Olds facility as a part of a larger phased cost savings program that is expected to deliver close to $9M in savings across labour and operational costs. The cost savings initiatives are expected to position SNDL to exceed its previously announced integration savings target as a result of the acquisition of Valens. SNDL expects to complete most of this transition within the first quarter of 2023, and the cost savings will be immediately accretive to adjusted EBITDA. The company expects to report record net revenue and net cash provided by operating activities for the fourth quarter of 2022, with the year-end and fourth quarter of 2022 results expected to be announced at the end of March 2023. The company's ongoing focus on high-quality cannabis cultivation operations, combined with Valens' low-cost biomass procurement capabilities, will enhance SNDL's ability to offer a wide range of customized, innovative products to meet customer demand and current market conditions. SNDL is confident that consumers will not see changes to the availability and quality of the company's brands. Through its integration and rationalization efforts, the company is assessing all assets and will continue to make decisions based on sustainable profitability.
PSN

Hot Stocks

16:14 EST Parsons to help deliver NYDOT Hunts Point Interstate Access Improvement Project - Parsons announced that the company will help deliver New York State Department of Transportation's Hunts Point Interstate Access Improvement Project, Contract 3 as Lead Designer to the joint venture of El Sol Contracting and Construction Corporation and Defoe Corporation. The $446M design build project will replace the aging structures and improve operations of the existing infrastructure, increase through traffic speeds, update roadway alignments, and expand overall throughput. The effort will improve travel through the corridor by increasing the number of through-lanes on the elevated Bruckner Expressway, at-grade improvements to Bruckner Boulevard, and converting ramps between the Bruckner Expressway and Sheridan Boulevard to right-hand movements. The project will help enhance pedestrian access to the area with a modern shared used path and the replacement of a pedestrian bridge that crosses Bruckner Boulevard to improve safe access to public school PS75. Additionally, a new 117-spot parking lot with 24 electric vehicle, or EV, charging stations, including four rapid charge spots to better accommodate EV drivers, will be constructed under the Bruckner Expressway and help advance the region's sustainability and air quality goals.
TMUS

Hot Stocks

16:12 EST T-Mobile technology president Neville Ray to retire - T-Mobile US announced that President of Technology Neville Ray plans to retire from the company by Fall 2023 and current Executive Vice President and Chief Network Officer Ulf Ewaldsson will assume the role of President of Technology after Ray departs. "Under Neville's network leadership we have accomplished so much together, and it's amazing to think that milestones he's helped T-Mobile achieve - the many network firsts, breakthroughs and innovations - have brought us to where we are today, taking the crown as the nation's overall network leader," said T-Mobile CEO Mike Sievert. "There are so many things Neville has contributed to this company, but one of the most important has been his commitment to building the best, most effective Technology team in this industry that will continue to deliver for our future. Neville and his team have worked tirelessly to bring the Un-carrier from last to best in network performance and made T-Mobile's network a true competitive weapon. What's even more exciting is that we're just getting started! As this next chapter of the Un-carrier story is beginning to unfold, we owe a lot of gratitude to Neville for all he's done to carve this path that will continue to lead us into the future!" Current senior leadership team members Executive Vice President and Chief Information Officer Brian King, Executive Vice President and Chief Technology Officer Abdul Saad, and Executive Vice President Advanced and Emerging Technologies John Saw will remain in their roles, reporting to Ewaldsson after the transition.
EQC

Hot Stocks

16:11 EST Equity Commonwealth announces $4.25 per share special dividend - Equity Commonwealth announced that its Board of Trustees has declared a special, one-time cash distribution of $4.25 per common share which will be paid on March 9, 2023 to shareholders of record on February 23, 2023.
MBCN

Hot Stocks

16:10 EST Middlefield Banc announces retirement of CFO Donald Stacy, effective April 30 - Middlefield Banc announced that Donald L. Stacy, Senior Vice President and Chief Financial Officer, will retire from the Company effective April 30. Stacy will remain involved with the Company as a consultant to Middlefield Banc Corp., from May 1, 2023, through December 31. "
IRBT

Hot Stocks

16:09 EST iRobot reducing workforce by 7% - iRobot has initiated a new restructuring program that is expected to deliver net annualized savings of approximately $14M. As part of this restructuring, the company plans to reduce its workforce by approximately 7%, or approximately 85 employees, primarily by streamlining certain functions across the company. In addition to the reduction in force, iRobot's 2023 operating plan incorporates scaled back working media and other demand-generation activities, limited investment in non-robotic product categories and minimal new hiring plans in 2023. In conjunction with the workforce reduction, iRobot expects to record restructuring charges of approximately $4M in 1Q23. The company anticipates that the decline in 2023 GAAP and non-GAAP operating expenses will range from mid-single digits to low double-digits on a percentage basis from 2022 GAAP and non-GAAP levels.
RCKY

Hot Stocks

16:07 EST Rocky Brands names Sarah O'Connor as new CFO - Rocky Brands announced that Sarah O'Connor will soon join the Company's leadership team as Senior Vice President, CFO and Treasurer. O'Connor brings more than 15 years of corporate finance experience to the role, including work with public retail and manufacturing organizations.
NCNO

Hot Stocks

16:06 EST nCino says DOJ investigation closed, no fines or penalties imposed - In a regulatory filing, nCino stated: "As previously disclosed, on February 23, 2021, the company and certain of its officers and other employees were served with grand jury subpoenas wherein the Antitrust Division of the Department of Justice was seeking documents and information in connection with an investigation of the company's hiring and wage practices under US federal antitrust laws. On February 8, 2023, the DOJ informed the company that the investigation is closed. No fines, sanctions, actions, or penalties were imposed or taken against the company or its officers or other employees in connection with this matter, and the costs the company was incurring cooperating with the investigation have now ceased."
LTCH

Hot Stocks

16:06 EST Latch gets Nasdaq delisting determination, plans appeal request by Feb.14 - Latch announced that on February 7 it received a Staff Delisting Determination from the Listing Qualifications Department of The Nasdaq Stock Marke notifying the Company that Nasdaq has initiated a process that could result in the delisting of the Company's securities from Nasdaq as a result of the Company not being in compliance with Nasdaq Listing Rule 5250(c)(1) , which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission . The Staff Determination has no immediate effect and will not immediately result in the suspension of trading or delisting of the Company's shares of common stock or warrants.The Company intends to appeal the Staff Determination before a Nasdaq Hearings Panel and seek a further stay of any suspension or delisting action pending the hearing process in accordance with the procedures set forth in the Staff Determination.
MDXH UNH

Hot Stocks

16:04 EST MDxHealth: UnitedHealth to provide commercial coverage for GPs test - MDxHealth (MDXH) announced that UnitedHealthcare (UNH) will cover the mdxhealth Genomic Prostate Score GPS test ( under UnitedHealthcare's commercial policies to assist with treatment decisions for individuals newly diagnosed with localized prostate cancer and meeting coverage criteria.Michael K. McGarrity, CEO of mdxhealth, commented: "We are very pleased to announce that UnitedHealthcare, the largest private health insurer in the United States, will provide coverage for our Genomic Prostate Score test. We applaud UnitedHealthcare's decision to identify our GPS test as its only commercially-covered diagnostic that can improve clinical outcomes for men newly diagnosed with localized prostate cancer."In its technical assessment of commercially available genomic panels for stratifying risk in individuals with prostate cancer, UnitedHealthcare's updated Medical Policy cites findings that "the body of evidence consistently favors use of the GPS assay to assist with management strategies..." UnitedHealthcare's commercial coverage of GPS supplements coverage that GPS has from other national and regional commercial payers, as well as from Medicare and Medicare Advantage plans.
TTOO

Hot Stocks

16:03 EST T2 Biosystems says 'pleased' with results of T2Biothreat Panel evaluation - T2 Biosystems announced results upon completion of the U.S. clinical evaluation for the T2Biothreat Panel. "We believe the T2Biothreat Panel demonstrates very high sensitivity and specificity for a direct-from-blood multi-target biothreat product and is the only such product developed by a U.S. owned company," stated John Sperzel, chairman and CEO of T2 Biosystems. "We are extremely pleased with the results of the clinical evaluation. We have now shifted our attention to filing the submission with FDA for U.S. regulatory clearance and subsequently pursuing commercial sales, with the goal of protecting Americans from the threat of deliberate or naturally occurring outbreaks of biothreat pathogens."
FUSN

Hot Stocks

16:01 EST Fusion Pharmaceuticals trading halted, news pending
SRNE SCLX

Hot Stocks

15:49 EST Scilex says not a debtor in Sorrento's voluntary Chapter 11 filing - Scilex Holding Company (SCLX), a majority-owned subsidiary of Sorrento Therapeutics (SRNE), together with Sorrento, issued the following statements. Henry Ji, Ph.D., Chairman and CEO of Sorrento, commented: "Today, Sorrento Therapeutics, Inc. and its wholly-owned direct subsidiary, Scintilla Pharmaceuticals, Inc., commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. While Scilex is majority-owned by Sorrento, Scilex is not a debtor in Sorrento Therapeutics' voluntary Chapter 11 filing. Scilex will continue to operate its business as usual. As of its chapter 11 filing, Sorrento had over approximately $1 billion in assets, including a $125 million arbitration award against NantPharma, LLC for a dispute related to Sorrento's sale of Cynviloq. The company had approximately $235 million in liabilities as of its filing and faced a short-term liquidity crunch, due to insufficient cash or other short-term assets to satisfy certain obligations. Included among those obligations was a $175 million arbitration award against Sorrento, which was reduced to enforceable judgments on February 7, 2023 in favor of NantCell, Inc. and Immunotherapy NANTibody LLC. While $125 million of those judgements was stayed for 70 days, $50 million was not stayed and could be enforced immediately. Sorrento assessed that enforcement actions with respect to the $50 million unstayed portion of these judgements, such as attachment of Sorrento's assets and bank accounts, could lead to significant business disruption. As a result, Sorrento sought chapter 11 relief to safeguard business operations and its ability to continue developing life-saving therapeutics, while protecting and maximizing value for stakeholders." Jaisim Shah, CEO and President of Scilex Holding Company, added: "Scilex is not a debtor in Sorrento's chapter 11 filing and will continue to operate business as usual, with a focus on growing revenues, offering innovative, non-opioid pain management products, and developing meaningfully differentiated programs that address significant unmet needs and lead to better health outcomes for the millions of acute and chronic pain patients."
PTON

Hot Stocks

15:42 EST Capital World Investors discloses 7.8% stake in Peloton - Capital World Investors, a division of Capital Research and Management Company, as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited, is deemed to be the beneficial owner of 24,473,268 shares, or 7.8%, of the 313,517,712 shares believed to be outstanding of Peloton Interactive, according to a filing with the SEC.
SGEN

Hot Stocks

14:56 EST Seagen treatment of esophageal cancer granted orphan designation - Seagen's treatment of esophageal cancer was granted orphan designation by the FDA, according to a post to the agency's website. Reference Link
AEHA

Hot Stocks

14:43 EST Aesther Healthcare Acquisition Corp trading resumes
AEHA

Hot Stocks

14:38 EST Aesther Healthcare Acquisition Corp trading halted, volatility trading pause
ACN

Hot Stocks

13:51 EST Accenture acquires Morphus, terms not disclosed - Accenture has acquired Morphus, a privately held Brazil-based cyber defense, risk management and cyber threat intelligence services provider, expanding its practice capabilities in Brazil and Latin America. Financial terms were not disclosed. "Together with the capabilities and experienced leadership of Morphus, we will work as one team to help organizations build a cyber resilient business and better secure their digital core, their technology and supply chains," said Paolo Dal Cin, who leads Accenture Security globally. "The acquisition brings more than 230 highly skilled professionals, making Accenture one of the largest cybersecurity professional services providers in Brazil. Our clients are always looking for the best solutions to strengthen their cyber defenses, and the addition of Morphus expands our global research workforce and network of talented, innovative security professionals."
F

Hot Stocks

13:47 EST Ford to invest $3.5B to build LFP battery plant in Michigan - Ford announced it is investing $3.5B to build the country's first automaker-backed LFP battery plant, offering customers a second battery technology within Ford's EV lineup. This plant - called BlueOval Battery Park Michigan - initially will employ 2,500 people when production of LFP batteries begins in 2026. Ford will have the option to further grow its battery capacity at its Marshall, Michigan, plant, which will be part of a wholly owned Ford subsidiary. With this $3.5B investment, Ford and its battery tech collaborators have announced $17.6B in investments in electric vehicle and battery production in the United States since 2019, as part of the company's commitment to invest over $50B in electric vehicles globally through 2026. In the next three years, these investments will lead to more than 18,000 direct jobs in Michigan, Kentucky, Tennessee, Ohio and Missouri and more than 100,000 indirect jobs, according to the methodology from a 2020 independent study. "We are committed to leading the electric vehicle revolution in America, and that means investing in the technology and jobs that will keep us on the cutting edge of this global transformation in our industry," said Bill Ford, Ford executive chair. "I am also proud that we chose our home state of Michigan for this critical battery production hub."
AXSM TEVA

Hot Stocks

13:38 EST Axsome received Paragraph IV certification notice on Auvelity ANDA from Teva - In a regulatory filing earlier, Axsome Therapeutics (AXSM) disclosed that on February 10, the company received a Paragraph IV Certification Notice Letter from Teva Pharmaceuticals (TEVA), providing notification to the company that Teva has submitted an Abbreviated New Drug Application, or "ANDA," to the U.S. Food and Drug Administration seeking approval to manufacture, use, or sell a generic version of Auvelity, or dextromethorphan HBr-bupropion HCl. "In the Notice Letter, Teva alleges that four of the patents listed in the FDA Orange Book for Auvelity, U.S. Patent Numbers 10,780,064; 10,925,842; 10,940,124; and 10,966,942, each of which expires in 2040, are invalid, unenforceable, or will not be infringed by Teva's manufacture, use, or sale of the generic product described in its ANDA submission. The Paragraph IV Certification does not challenge any of the remaining Orange Book listed patents for Auvelity which have expirations out to 2034," Axsome stated in the filing.
AXSM

Hot Stocks

13:35 EST Correction: Axsome CRL for AXS-07 previously reported - Previously, on May 2, 2022, Axsome Therapeutics announced that the company has received a Complete Response Letter, or CRL, from the U.S. Food and Drug Administration regarding its New Drug Application for AXS-07 for the acute treatment of migraine. The news was reported again this morning in error.
CSL

Hot Stocks

12:58 EST Carlisle CFO Zdimal sells 8,111 common shares - In a regulatory filing, Carlisle Companies VP and CFO Kevin Zdimal disclosed the sale of 8,111 common shares of the company on February 10 at a price of $253.35 per share.
RNA

Hot Stocks

12:07 EST Avidity Biosciences treatment of FSHD granted orphan designation - Avidity Biosciences' treatment of facioscapulohumeral muscular dystrophy, or FSHD, was granted orphan designation by the FDA, according to a post to the agency's website. Reference Link
RNW

Hot Stocks

12:03 EST ReNew Energy to rebrand as ReNew - ReNew Power has made a strategic decision to rebrand itself as ReNew. The new brand identity reflects the company's transition from being a pure-play renewable Independent Power Producer to an end-to-end provider of solutions across the decarbonisation spectrum. In line with its strategy to focus on the overall clean energy eco-system, ReNew has been leading the development of emerging decarbonisation solutions like green hydrogen, energy storage, carbon markets, and solar manufacturing, and is poised to further the Net-Zero transition goals of enterprises.
ZIM

Hot Stocks

12:00 EST ZIM Integrated falls -8.3% - ZIM Integrated is down -8.3%, or -$1.86 to $20.60.
FIS

Hot Stocks

12:00 EST FIS falls -13.8% - FIS is down -13.8%, or -$10.44 to $64.99.
BBAI

Hot Stocks

12:00 EST BigBear.ai falls -15.6% - BigBear.ai is down -15.6%, or -75c to $4.07.
COMP

Hot Stocks

12:00 EST Compass rises 12.2% - Compass is up 12.2%, or 45c to $4.15.
TDC

Hot Stocks

12:00 EST Teradata rises 13.4% - Teradata is up 13.4%, or $4.58 to $38.85.
BKKT

Hot Stocks

12:00 EST Bakkt to discontinue consumer-facing app - Bakkt Holding announced that it is furthering its focus on providing scalable business-to-business technology solutions and will be sunsetting its consumer-facing app. Bakkt will continue its core focus of providing businesses with crypto and loyalty experiences for their customers through SaaS and API solutions on a secure and compliant platform. In November 2022, Bakkt entered into a definitive agreement to acquire Apex Crypto from Apex Fintech Solutions, Inc. Apex Crypto, a turnkey platform for integrated crypto trading, provides services to more than 30 signed fintech partners, serving more than 5 million customers. The pending Apex Crypto acquisition further affirms Bakkt's B2B2C approach and go-forward strategy of bringing crypto products to a broad universe of client verticals. Current Bakkt App users will retain access to all their crypto and cash on the Bakkt platform via a new web experience that is accessible from all devices. Users will still be able to view crypto balances, access crypto transaction reports for tax purposes. The app will officially sunset on March 16. 2023.
FSLY

Hot Stocks

12:00 EST Fastly rises 27.1% - Fastly is up 27.1%, or $2.67 to $12.54.
SAIA

Hot Stocks

11:52 EST Saia LTL Freight opens new terminals in West Virginia - Saia announced that Saia LTL Freight has opened new terminals in both Morgantown and Princeton, West Virginia. With the addition of these two locations, the company now operates three facilities within the state as it continues to focus on building density in its network to provide customers with more direct shipping points.
ATVI...

Hot Stocks

11:49 EST U.S. video game spending fell 5% y/y in January, says NPD - NPD analyst Mat Piscatella said that U.S. consumer spending on video game content, hardware and accessories totaled $4.3B in January 2023, a decline of 5% when compared to a year ago. Video game hardware spending was flat, while content (-5%) and accessories (-14%) spending fell. January 2023 marks the first time the U.S. video game market experienced a year-on-year decline since September 2022, when consumer spending reached 4% below September 2021 levels. Drops in mobile content, physical console content and gamepad spending drove the January shortfall. Activision Blizzard's (ATVI) "Call of Duty: Modern Warfare 2" was the best-selling game of January, the 4th consecutive month the title has led the market in premium software dollar sales. Four new games ranked among the top 20 best-selling games of January led by Electronic Arts' (EA) "Dead Space" remake, which was 2nd. Sony's (SONY) "The Last of Us: Part I" jumped from #36 on the chart in December to #11 in January, helped in part by the debut of "The Last of Us" HBO (WBD) series. U.S. video game hardware spending was flat compared to a year ago, at $393M. Growth in PlayStation 5 and Switch (NTDOY) hardware spending was offset by declines across other platforms. PlayStation 5 was the U.S. market's best-selling hardware platform of January 2023 in both unit and dollar sales, with Switch ranking 2nd across both measures. Accessories spending fell 14% in January when compared to a year ago, falling to $165M. A drop in Gamepad spending accounted for most of the overall decline. The PS5 DualSense Wireless Controller Midnight Black was the best-selling accessory of January in dollar sales. Other top-selling games for the month were EA's "Madden NFL 23" and "FIFA 23," Nintendo's "Fire Emblem Engage," Bandai Namco's (NCBDY) "Elden Ring," and Square Enix's (SQNXF) "Forspoken." Other publicly traded companies int he video game space include Microsoft (MSFT), Ubisoft (UBSFY), Capcom (CCOEY), Take-Two (TTWO), Sega Sammy (SGAMY), and Tencent (TCEHY). Reference Link
META

Hot Stocks

11:40 EST Meta Platforms Chief Business Officer Marne Levine leaving comapny - Meta Platforms Chief Business Officer Marne Levine announced that she will be leaving Meta after 13 years at the company where she held multiple leadership roles, Meta reported. "She will stay on until the summer to ensure a seamless transition. Moving forward, Nicola Mendelsohn and Justin Osofsky are taking on expanded roles as our most senior sales and partnership leaders, representing the company with our advertisers and partners and reporting to COO Javier Olivan. This new structure continues to bring our business and product teams closer together and helps them operate even more effectively to serve our clients," the company stated in a post to its corporate newsroom. Reference Link
LBTYA VOD

Hot Stocks

11:32 EST Liberty takes 4.92% stake in Vodafone, says not considering takeover - Liberty Global announced today that it has acquired 1.335M shares in Vodafone Group, representing 4.92% of the outstanding share capital . The transaction was principally funded through an "attractive non-recourse financing," requiring equity funding from Liberty Global of approximately GBP 225M, the company said in a statement. Mike Fries, CEO of Liberty Global, commented, "We believe, like many others, that Vodafone's current share price does not reflect the underlying long-term value of their operating businesses, or their announced consolidation and infrastructure opportunities. We continue to remain disciplined about our capital and fully expect that the equity used to fund this investment will be replenished with the sale of certain non-core assets over time." No regulatory approvals are required for an investment and Liberty Global does not intend to seek board representation at Vodafone. Liberty Global confirms that it is not considering an offer for Vodafone.
MAT

Hot Stocks

11:04 EST Mattel to relaunch Barney franchise - Mattel announced its relaunch of the iconic Barney franchise. Mattel's comprehensive revitalization of the Barney brand will span television, film, and YouTube content as well as music and a full range of kids' products including toys, books, clothing, and more. Apparel and accessories for adult fans, featuring classic Barney, are also in development. Mattel will relaunch Barney to a new generation with a brand-new animated series, set to debut globally in 2024.
DXCM

Hot Stocks

11:00 EST DexCom: G7 CGM System to be covered for Medicare beneficiaries - Dexcom announced earlier that its next-generation Dexcom G7 CGM System will be covered for Medicare beneficiaries. Having met the category requirements for therapeutic CGM systems set forth by the U.S. Centers for Medicare & Medicaid Services, Dexcom G7 will be accessible to all Medicare patients with diabetes who meet the eligibility criteria when the system launches this Friday, Feb. 17. "When we set out to design G7, our goal was simple: to make the most accurate, easy-to-use CGM available for as many people with diabetes as possible," said Kevin Sayer, chairman, president and CEO of Dexcom. "The approval of Medicare coverage for G7 helps us deliver on that promise. Now Medicare patients with Type 1 and Type 2 diabetes will have access to the newest CGM technology that offers the most reliable, simple way to help people manage their diabetes more confidently."
AXSM

Hot Stocks

10:41 EST Axsome Therapeutics receives CRL from FDA regarding NDA for AXS-07 - Axsome Therapeutics announced that the Company has received a Complete Response Letter, or CRL, from the U.S. Food and Drug Administration regarding its New Drug Application, or NDA, for AXS-07 for the acute treatment of migraine. The CRL did not identify or raise any concerns about the clinical efficacy or safety data in the NDA, and the FDA did not request any new clinical trials to support the approval of AXS-07. The principal reasons given in the CRL relate to chemistry, manufacturing, and controls considerations. The CRL identified the need for additional CMC data pertaining to the drug product and manufacturing process. Axsome believes that the issues raised in the CRL are addressable and intends to provide potential timing for a resubmission following consultation with the FDA. "It is our goal to work with the FDA to fully understand and adequately address their comments, so that we can make this important new medicine available to patients with migraine as quickly as possible," said Herriot Tabuteau, Chief Executive Officer of Axsome. "The approval of AXS-07 would offer a much-needed new multi-mechanistic treatment option for the millions of people living with this debilitating neurological condition."
GPN

Hot Stocks

10:40 EST Parthenon Capital to acquire Global Payments' gaming division - Parthenon Capital entered into a definitive agreement with Global Payments to acquire its gaming division and transition Global Payments Gaming Solutions into Pavilion Payments, a stand-alone independent company. After closing on the transaction, Pavilion Payments will continue to offer Global Payments Gaming Solutions' full suite of payments solutions for the gaming industry, including VIP Preferred and the award-winning cashless solution VIP Mobility. Completion of the transaction is expected by the end of March 2023, subject to the receipt of certain regulatory approvals. The business will continue to be led by its existing management team with current president Christopher Justice, assuming the additional title of chief executive officer of Pavilion Payments. Global Payments is dedicated to ensuring a seamless transition for its employees and customers. Customers can expect to continue working with the same teams and Global Payments will continue to power the company's payment acceptance capabilities as a long-term partner.
WSFS

Hot Stocks

10:37 EST WSFS Financial identifies final four banking locations for consolidation - WSFS Financial Corporation announced the final network optimization plan associated with its combination with Bryn Mawr Trust, identifying the final four banking locations to be consolidated later this year. As part of the combination WSFS committed to closing 40 banking office locations, 34 of which were consolidated at bank systems conversion in March 2022, followed by two closures in August 2022. Based on additional reviews of transaction activity and the Bank's broader Retail network, the following final four locations will officially close at 3:00 p.m. on May 24, 2023. Edgmont, 5000 West Chester Pike, Newtown Square, Pa.; Willow Grove, 155 New York Road, Willow Grove, Pa.; Riverton, 712 Broad Street, Riverton, N.J.; Mount Holly, 555 High Street, Mount Holly, N.J. All WSFS Associates currently at these four locations will be assigned to nearby banking offices.
CLF

Hot Stocks

10:04 EST Cleveland-Cliffs announces price increase for steel products - Cleveland-Cliffs is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $50 per net ton, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $900 per net ton.
NTIP

Hot Stocks

10:04 EST Network-1 subsidiary receives U.S. patent expanding HFT patent portfolio - Network-1 Technologies announced that the U.S. Patent and Trademark Office issued U.S. Patent No. 11,575,381 to its wholly-owned subsidiary. The claims in the newly issued patent are generally directed toward certain advanced technologies relating to high frequency trading. The newly issued patent arises from a patent application contained in the HFT patent portfolio acquired by HFT Solutions in March 2022. The HFT Patent Portfolio relates to, among other things, technologies used by firms engaged in high frequency trading activities that utilize custom field-programmable gate array hardware, including clock domain management technology that provides critical transaction latency gains in trading systems where the difference between success and failure may be measured in nanoseconds. With this latest issuance, the HFT Patent Portfolio now includes nine issued U.S. patents and two pending U.S. patent applications. The patent terms of the HFT Patent Portfolio are currently expected to extend until 2039. HFT Solutions anticipates further issuances of additional claims for the HFT Patent Portfolio.
ZGN

Hot Stocks

10:00 EST Ermenegildo Zegna falls -5.7% - Ermenegildo Zegna is down -5.7%, or -71c to $11.65.
THS

Hot Stocks

10:00 EST TreeHouse falls -6.1% - TreeHouse is down -6.1%, or -$2.93 to $45.40.
FIS

Hot Stocks

10:00 EST FIS falls -15.5% - FIS is down -15.5%, or -$11.70 to $63.73.
KOLD

Hot Stocks

10:00 EST ProShares UltraShort Bloomberg Natural Gas rises 10.4% - ProShares UltraShort Bloomberg Natural Gas is up 10.4%, or $5.90 to $62.53.
DDL

Hot Stocks

10:00 EST Dingdong rises 14.8% - Dingdong is up 14.8%, or 73c to $5.65.
FSLY

Hot Stocks

10:00 EST Fastly rises 19.1% - Fastly is up 19.1%, or $1.89 to $11.76.
SGML

Hot Stocks

09:54 EST Sigma Lithium completes crushing circuit, pump water system commissioning - SIGMA Lithium announced the production of continuous sequential batches of crushed lithium material and completion of commissioning of its crushing circuit of the Greentech Plant, on schedule and in line with guidance provided previously on December 20, 2022 and on January 23, 2023. Additionally, the Company is pleased to announce the commencement of Greentech Plant expansion detailed engineering and capital expenditure costing at FEL-3 precision by obtaining firm quotes from suppliers. The Greentech Plant expansion is expected to increase run-rate production from 270,000 tpa to 766,000 tpa of Battery Grade Sustainable Lithium.
GHL

Hot Stocks

09:47 EST Greenhill & Co. falls -6.1% - Greenhill & Co. is down -6.1%, or -72c to $11.13.
NRGV

Hot Stocks

09:47 EST Energy Vault falls -9.9% - Energy Vault is down -9.9%, or -40c to $3.63.
FIS

Hot Stocks

09:47 EST FIS falls -13.1% - FIS is down -13.1%, or -$9.91 to $65.52.
TDC

Hot Stocks

09:47 EST Teradata rises 10.0% - Teradata is up 10.0%, or $3.41 to $37.68.
FSLY

Hot Stocks

09:47 EST Fastly rises 11.2% - Fastly is up 11.2%, or $1.11 to $10.98.
DDL

Hot Stocks

09:47 EST Dingdong rises 17.9% - Dingdong is up 17.9%, or 88c to $5.80.
RBA IAA

Hot Stocks

09:45 EST Luxor Capital files proxy materials to oppose Ritchie Bros., IAA merger - Luxor Capital Group, LP , as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (RBA), representing approximately 4.2% of the Company's outstanding shares, announced they have filed their definitive proxy statement with the U.S. Securities and Exchange Commission and sent a letter to the company's shareholders highlighting significant concerns with the proposed merger with IAA, Inc (IAA). Douglas Snyder, President of Luxor, commented: "As the RBA management team continues its attempts to push through this self-serving, ill-advised merger with IAA despite the negative market and shareholder reaction, we cannot sit idly by watching shareholder value destroyed. This deal demonstrates the Company's reckless disregard for shareholders and causes us to further question whose interests are being protected."
TWLO

Hot Stocks

09:40 EST Twilio winding down some perks, 'we've gotten too big,' says CEO - In a letter to Twilio team members from CEO Jeff Lawson, the company said: "As we've refined our strategy over the past several months, it's become apparent we need significant structural changes to better execute our strategy. This is because the two parts of our business - communications and software - are at different lifecycle stages and have different operating needs. In Communications, we have to get more efficient. For Segment, Flex, and Engage, we must accelerate growth. These are distinctly different tasks for our teams, and our current structure is slowing our progress toward both these goals, which are critical to our growth, our profit, and our Customer Engagement Platform ambitions. As a result, we're forming two business units: Twilio Data & Applications, led by Elena Donio, and Twilio Communications, led by Khozema Shipchandler... When we look at these two business units on their own, it's clear that we've gotten too big, especially in Communications... Today's news, however, is more driven by the need to organize ourselves differently for success - and the changes needed to enact this new structure. Both the reorganization and the reductions increase our ability to drive profit and growth, both of which are required in this new environment." Lawson also said: "We're winding down some of the perks we've historically offered, including our book and wellness allowances. We've also decided to sunset Twilio Recharge, which I believe in, but which (in retrospect) was ill-timed given our profitability goals. Those who are already eligible or will become eligible for Recharge by the end of 2023 will still be able to take it. We have not, however, touched the most impactful benefits that are most essential to Twilions' health and financial security, including, medical, retirement, and the Employee Stock Purchase Program. As part of our shift to remote work, we plan to close some Twilio offices over the next few months, with the intent of maintaining at least a handful of global hubs and satellite offices."
TWLO

Hot Stocks

09:37 EST Twilio names Aidan Viggiano as CFO, effective March 1 - On February 10, 2023, the Board appointed Aidan Viggiano as the company's CFO effective March 1, 2023. Ms. Viggiano will also serve as the company's principal financial and accounting officer, effective March 1, 2023. Viggiano has served as the company's Senior Vice President of Finance since November 2021. In connection with the Reorganization, the Board appointed Khozema Shipchandler as President, Twilio Communications, effective March 1, 2023. Shipchandler has been serving as the company's COO since October 2021, in addition to serving as principal financial and accounting officer. On February 10, 2023, in connection with the Reorganization, the company's board of directors appointed Elena Donio as President, Twilio Data & Applications, effective March 1, 2023. Donio has been serving as the company's President of Revenue since May 2022.
TWLO

Hot Stocks

09:36 EST Twilio to permanently close additional office locations - On February 13, 2023, the Company announced that it will permanently close additional office locations. The Company had previously closed a number of its office locations pursuant to its May 2022 announcement, which resulted in an impairment loss of $97.7 million that the Company recorded in the third quarter of 2022 and an approximately $7-$10 million that the Company expects to record in the first quarter of 2023. The February announcement will result in an additional impairment of approximately $10-$25 million that will be recorded during 2023 as the exit activities are finalized in each location.
TWLO

Hot Stocks

09:35 EST Twilio sees Q4 results 'at or above' previously provided guidance ranges
TWLO

Hot Stocks

09:35 EST Twilio to cut 17% of current workforce - In a regulatory filing, Twilio said: "On February 13, 2023, the Company committed to a workforce reduction plan that is intended to reduce operating costs, improve operating margins, and accelerate profitability. The February Plan includes the elimination of approximately 17% of the Company's current workforce. As a result of the February Plan, the Company estimates that it will incur approximately $100-$135 million in charges in connection with the workforce reduction, consisting of cash expenditures for employee transition, notice period and severance payments, employee benefits, and related facilitation costs. The Company expects that the majority of the restructuring charges related to the February Plan will be incurred in the first quarter of 2023 and that the execution of the February Plan, including cash payments, will be substantially complete by the end of the second quarter of 2023."
TWLO

Hot Stocks

09:34 EST Twilio board approves formation of two business units - On February 10, 2023, the Board approved a reorganization of the company's business into two business units: Twilio Data & Applications and Twilio Communications, Twilio said in a regulatory filing. The company believes that the Reorganization will strategically realign the business to promote efficient and accelerated growth.
TWLO

Hot Stocks

09:34 EST Twilio names Aidan Viggiano as CFO, effective March 1
TWLO

Hot Stocks

09:33 EST Twilio announces workforce reduction plan, cutting 17% of workforce
IINN

Hot Stocks

09:33 EST Inspira receives approval from Sheba Medical Center for HYLA blood sensor study - Inspira Technologies received approval by the Ethics Committee at Sheba Medical Center in Israel to conduct a clinical study of its HYLA blood sensor in patients undergoing open-heart surgery. The study is planned to commence in the first quarter of 2023. The HYLA blood sensor is a non-invasive optical blood sensor being developed using machine learning based algorithms to measure blood parameters, intended to provide continuous measurements in real-time during extracorporeal procedures. The HYLA blood sensor is being designed as a stand-alone or integrated device. Continuous and real-time measurements of key blood parameters will potentially provide alerts to physicians of sudden changes in a patient's condition, enabling prompt medical intervention, as well as alerts relating to sudden changes in extracorporeal blood oxygenation circuit performance. Early medical intervention may improve patient outcomes, reduce complications, and reduce associated costs. The purpose of the clinical study is to assess the correlation of blood parameters measured by the HYLA blood sensor versus a standard blood gas analyzer results. As a prospective data collection clinical study, it is designed to integrate clinical research into the product development cycle.
ADN

Hot Stocks

09:26 EST Advent Technologies receives new order from German State of Brandenburg - Advent Technologies announced that it has received a new order from the German State of Brandenburg for its methanol-powered fuel cell systems as part their three-year agreement which was announced in September 2022. The combined value of the Serene fuel cell systems sold to the German State of Brandenburg now totals approximately $1.6M. Advent's methanol-powered fuel cell systems have been chosen as the back-up power source for the German State of Brandenburg's BOS digital radio network. The fuel cell systems will replace the diesel-driven emergency power systems at several sites, providing a more sustainable and reliable emergency power supply solution. The installations relating to the earlier order will be commissioned within the next three months, with the full roll-out of installations set to take place throughout 2023. Advent's fuel cells were selected through a tender launched by the German State of Brandenburg in 2022, which sought sustainable and reliable emergency power supply solutions. The BOS digital radio network covers 99.2% of German territory and provides secure communication for first responders and other public safety officials. The network was developed to replace the outdated analogue radio system used for communication in Germany's old public safety and security infrastructure. Serene fuel cells deliver reliable power in an environmentally friendly manner, reduce CO2 emissions and operate silently, with minimal impact on the surroundings. The use of methanol as a carrier of hydrogen allows for simpler storage than pure hydrogen and enhances the safety of operations. Serene fuel cells offer the potential for a reduction of more than 80% in CO2 emissions compared to diesel generators. With the growth of the green hydrogen sector, Serene fuel cells will accelerate the move towards the generation of net-zero emission electricity through the use of e-methanol as fuel created from green hydrogen.
SOPH AZN

Hot Stocks

09:25 EST Sophia expands deal with AstraZeneca to include MM approaches to oncology - Sophia Genetics (SOPH) is partnering with AstraZeneca (AZN) to apply their multimodal technology and expertise to the biopharmaceutical company's oncology portfolio. The multimodal approach will go beyond a single data modality, combining radiomics analysis of medical imaging data, molecular data, digital pathology, clinical and biologic data for a more comprehensive assessment of multimodal signatures leveraging proprietary AI and machine learning technology. Together, the companies will examine ways to accelerate clinical trials, support evidence generation for market access, and improve clinical decision-making, helping clinicians to select the best possible treatments... Multimodality will allow for the integration of clinical data in AZ's trials with health system datasets on advanced molecular diagnostics, radiological and histological imaging and codified clinical data. SOPHiA GENETICS is able to support this vision in practice today. In parallel, SOPHiA GENETICS launched its own real-world DEEP-Lung-IV clinical study to leverage its multimodal machine learning-powered analytics capabilities to identify multimodal predictive signatures of response to immunotherapy for patients with advanced lung cancer. "AstraZeneca is a global leader in innovative oncology therapeutics and has built one of the most diverse and robust oncology portfolios and R&D pipelines in the industry. Building on our existing partnership with AstraZeneca, notably to expand access to HRD testing, we are incredibly excited to deepen our collaboration to multimodal approaches that will further enable their precision oncology capabilities," said Peter Casasanto, Chief BioPharma Officer of SOPHiA GENETICS
ZCMD

Hot Stocks

09:22 EST Zhongchao's MDMOOC Platform to apply ChatGPT technology - Zhongchao announced that its MDMOOC Platform will apply the ChatGPT, or Chat Generative Pre-trained Transformer, to provide assistance for physicians in clinical decision-making to improve the efficiency of diagnosis and treatment. This is an expanded application of ChatGPT by Zhongchao since its initial application of ChatGPT to elevate patient management service capabilities and experience. The application of ChatGPT will be available on the MDMOOC ChatGPT Wechat Public Account, a public account on WeChat. Physicians can utilize MDMOOC ChatGPT to access the latest information on diseases, diagnostic criteria, treatment options, research data, and guidelines. In addition, physicians will be alerted that contents provided by ChatGPT will be solely for reference and convenience to users and shall not be relied on for diagnostic or treatment purposes. The application of ChatGPT will allow physicians to quickly comprehend multidisciplinary knowledge and clinical data as needed in developing comprehensive and up-to-date treatment plans for individual patients.
RIVN

Hot Stocks

09:21 EST Rivian Automotive appoints Michael Callahan as chief legal officer - Rivian Automotive announced it has hired Michael Callahan as its chief legal officer. Callahan is joining Rivian from Stanford University, where he served as Executive Director of the Arthur and Toni Rembe Rock Center for Corporate Governance and Professor of the Practice of Law. Callahan will start at Rivian on February 13 and will report directly to Rivian founder and CEO RJ Scaringe.
ATOS

Hot Stocks

09:17 EST Atossa Therapeutics granted new patent for endoxifen - Atossa Therapeutics announces that the United States Patent and Trademark Office, USPTO, has granted a new patent directed to (Z)-endoxifen encapsulated in an enteric capsule. This patent further reinforces Atossa's broad Intellectual Property portfolio related to (Z)-endoxifen. A short 'explainer' video about the new patent can be found here: Patent Update - Video Explainer. "We are very pleased with the scope and breadth of this new key patent," said Dr. Steven Quay, Atossa's President and Chief Executive Officer. "It ensures that in the U.S., Atossa will have the only (Z)-endoxifen treatment delivered orally with an enteric capsule, which we believe is the optimal way to deliver the drug. This new patent, further strengthens our intellectual property estate and should create long-term stockholder value." Atossa is developing its proprietary (Z)-endoxifen in both the breast cancer treatment and prevention settings. Phase 2 trials are ongoing with the goal of changing the treatment paradigm for patients who are not benefiting from currently approved drugs and helping reduce the incidence of breast cancer.
PBTS

Hot Stocks

09:17 EST Powerbridge announces plans to leverage ChatGPT technology - Powerbridge Technologies is pleased to announce its plan to integrate ChatGPT technology into the AI-powered online educational services provided by its subsidiary, Ascendent Insights Education Co. AIedu is a provider of AI-powered apps and online educational services focusing on guided-reading solutions, with over 20,000 reading materials and a user base of more than 400,000 young children. It serves over 4,000 nurseries and kindergartens with 40,000 educators supported by 10 operational centers and 150 city partners across China.
AGS

Hot Stocks

09:16 EST PlayAGS appoints Robert Ziems as Chief Legal Officer - PlayAGS announced that Robert "Rob" Ziems will join the Company as Chief Legal Officer, effective immediately. Ziems brings over 24 years of gaming and legal experience to AGS and will lead the Company's legal and compliance affairs and oversee the Latin America and Interactive business strategy. Ziems joins AGS from Aruze Gaming America, where he served for over 12 years. Most recently he served as President of Aruze, Global Chief Legal Officer of Aruze Gaming Group, and Corporate Secretary. At Aruze, Ziems led global legal affairs, regulatory compliance, and global human resources. In addition, he oversaw operating efficiencies, business development, and procurement in the Americas. Ziems has served as in-house counsel for gaming corporations for most of his career handling legal and regulatory matters worldwide. Prior to Aruze, he served as Executive Vice President, General Counsel, and Corporate Secretary of Mikohn Gaming, later known as Progressive Gaming International Corporation, where he managed the global legal, human resources, compliance, and internal audit departments, in addition to overseeing all corporate activities. Ziems succeeds Victor Gallo, who has retired as AGS' General Counsel after serving since 2010. Gallo will remain as Secretary for the Company.
PBTS

Hot Stocks

09:16 EST Powerbridge announces plans to leverage ChatGPT yechnology - Powerbridge Technologies is pleased to announce its plan to integrate ChatGPT technology into the AI-powered online educational services provided by its subsidiary, Ascendent Insights Education Co. AIedu is a provider of AI-powered apps and online educational services focusing on guided-reading solutions, with over 20,000 reading materials and a user base of more than 400,000 young children. It serves over 4,000 nurseries and kindergartens with 40,000 educators supported by 10 operational centers and 150 city partners across China
VRPX

Hot Stocks

09:16 EST Virpax announces preclinical toxicology results supporting MET - Virpax Pharmaceuticals announced that the Company has completed FDA required preclinical toxicology studies for its licensed Molecular Envelope Technology . MET enhances the delivery of Virpax's non-addictive pain product and its epilepsy product candidate. MET is also utilized in the Company's viral barrier product candidate. These preclinical toxicology studies were performed to evaluate the safety of the MET platform and to support the IND submission of each product candidate. The Molecular Envelope Technology was developed by Nanomerics Ltd., a UK-based nanotechnology research and development company. Nanomerics has licensed its technology to Virpax, which is utilizing the nose-to-brain MET platform to enhance drug delivery for certain of its product candidates. "We are working with a variety of CROs and scientific and pharmaceutical industry leaders to help us evaluate the safety of the MET platform, which underpins a number of our current drug development efforts such as AnQlar which is our viral barrier product candidate. We anticipate that MET will also be a part of our plans for current and future drug development programs. We have engaged Dr. Jeffrey Murray, a leading expert in infectious diseases who spent almost 30 years of his career with the FDA, including as the Deputy Division Director for the Division of Antivirals, Center for Drug Evaluation and Research. Dr. Murray has published many articles related to antivirals and served as a reviewer for the New England Journal of Medicine while at FDA. He has been a valuable contributor to us in the antiviral area in addition to clinical trial design," commented Dr. Sheila A. Mathias, Chief Scientific Officer for Virpax.
CURR

Hot Stocks

09:14 EST Avenir Wellness says Sera Labs postings appearing on theSkimm - Avenir Wellness Solutions announced that its Sera Labs informational postings are now appearing on theSkimm social media platform which covers a wide range of trending topics with its daily newsletter distributed to over 7 million followers. The Sera Labs posts on theSkimm feature photos of its Brand Ambassador Nicole Kidman with commentary on the Company's advanced Seratopical Revolution beauty, anti-aging and wellness product lines. Results from this new media exposure have been very positive so far with initial results for the month of January shown below: January 2023 Performance: Online sales: +60%; Average order value: +23%; Online site traffic: +41%; Social media channels: +2200 new followers. Additionally, the all-new corporate website recently launched has now gone fully active for use at: www.avenirwellness.com.
GORO

Hot Stocks

09:13 EST Gold Resource sees FY23 payable production 17K- 19K gold ounces - Sees cash costs after by-product credits per gold equivalent or AuEq ounce $1,000 to $1,050.
FORA

Hot Stocks

09:13 EST Forian announces CEO Barton steps down from position, Wygod interim CEO - Daniel Barton stepped down as Chief Executive Officer and President of Forian effective February 10, 2023. Max Wygod, Forian's co-founder and Executive Chairman, has been appointed Interim Chief Executive Officer and President. "On behalf of the Board, I want to thank Dan for his dedication to and leadership of Forian," commented Max Wygod
FORA

Hot Stocks

09:13 EST Forian announces sale of BioTrack to Alleaves for $30M in cash - Forian announced the sale of Forian's cannabis software subsidiary, Bio-Tech Medical Software, to Alleaves, a provider of ERP software solutions to the cannabis industry, effective February 10, 2023, for a total purchase price of $30M in cash, comprised of $20M paid at closing and $10M paid in twelve required equal monthly installments, subject to any working capital adjustments. Forian will retain a license to certain cannabinoid-based data to enhance its healthcare information offerings. As a result of the transaction, Forian will focus on its healthcare information business and will no longer provide software solutions to the cannabis industry. "This transaction allows us to focus our efforts on our healthcare information business, which has been the key driver of our growth to date and will further accelerate our path to positive Adjusted EBITDA," said Max Wygod, Executive Chairman of Forian.
ENG

Hot Stocks

09:12 EST ENG appoints former CEO William Coskey as executive chairman - ENG announced that former CEO, co-founder and current Chairman William Coskey, P.E., has been appointed by the Board to serve as Executive Chairman of the company, effective immediately. Coskey assumes the leadership role from Mark Hess, who has resigned as CEO to pursue other interests. Mr. Hess, who had served as CEO since March 2021 and as CFO and Treasurer from 2012 to 2021, will be retained in an advisory capacity for a period of time and continue to serve as a Board Director. ENG President Roger Westerlind will retain his position, heading company operations.
PUCK

Hot Stocks

09:11 EST Goal Acquisitions announces extension to consummate Digital Virgo combination - Goal Acquisitions announced that on February 7, 2023 its shareholders approved an extension to extend the period of time to consummate an initial business combination to March 18, 2023, subject to extension by the Board of Directors for up to five additional thirty-day periods. More than 89% of shareholders voted in favor of the extension, 9,546,357 public shares remain outstanding, and Goal expects to have approximately $97,029,243 remaining in the trust account. Upon closing of the business combination, Digital Virgo is expected to be the publicly traded entity for the combined company. Closing is conditioned upon, among other things, regulatory and shareholder approval.
GORO

Hot Stocks

09:10 EST Gold Resource suspends dividend program - "At this time, the Board of Directors and Management feel the best way to maximize shareholder value is to protect our balance sheet and focus our capital resources on exploration and growth opportunities. Therefore, we will suspend the quarterly dividend until such time that it may become practicable to reinstate," said the company in a statement.
GORO

Hot Stocks

09:09 EST Gold Resource: Lower gold grades to result in less production in 2023 - Gold Resource Corporation remains focused on unlocking the value of our Mexican mine, existing infrastructure, and large property position. Additionally, the Company remains committed to optimizing the mine plan and process flowsheets for the Back Forty Project. With that said, the 2022 market volatility, challenging economic conditions and the lower grade profile of our current Mineral Reserves and Mineral Resources, have collectively contributed to an adverse impact on our 2022 cash flows and consolidated earnings. While we are focused on organic growth and disciplined cost cutting initiatives, the lower grade profile is expected to continue through 2023 and is projected to negatively impact operating cash flows and total cash costs per gold equivalent ounce, as reflected in the guidance table below. Allen Palmiere, President and CEO, said, "2022 was a challenging year for the Company on a number of fronts; however, we made excellent strides with our operations, capital and exploration programs. Further, I remain very proud of how our workforce embraced our objectives and values around safety, operational process improvement and collaboration with our internal and external stakeholders. We will continue identifying operational efficiencies and cost improvement opportunities in 2023; however, as per our 2023 guidance, lower gold grades will result in less production in 2023 than 2022 and further significantly contribute to an increased Cash Costs and All-in Sustaining Costs. More importantly, we are eager to advance the exploration drilling at a number of highly prospective underground targets in Mexico. With the Back Forty Project, we will continue work on the feasibility study with a deliberate and measured approach. I remain optimistic that this year will provide opportunities to grow the Company in new directions."
CTRM

Hot Stocks

09:08 EST Castor Maritime announces distribution date for proposed spin-off - Castor Maritime announced that the distribution date for the previously announced spin-off of its wholly owned subsidiary, Toro Corp., will be March 7, 2023. Additional information regarding Toro Corp. and the proposed spin-off transaction and distribution may be found in Toro Corp.'s amended registration statement on Form 20-F filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934. The proposed distribution and spin-off remain subject to the conditions described in the Registration Statement.
INPX KINZ

Hot Stocks

09:08 EST Inpixon sets record date for distribution of CXApp stock to its securityholders - Inpixon (INPX) announced that its board of directors has set March 6 as the record date for the dividend of shares of common stock of CXApp Holding to be distributed to Inpixon securityholders in order to effect the spin-off of Inpixon's enterprise apps business. The dividend in CXApp Holding shares is expected to be distributed to holders of Inpixon's outstanding capital stock and certain other securities as of the Record Date on or about March 14, the expected closing date of the previously announced business combination between CXApp Holding and KINS Technology Group (KINZ). Following the closing of the Business Combination, KINS will change its name to "CXApp Inc." and begin trading on the Nasdaq Capital Market under the stock ticker symbol "CXAI," and Inpixon will continue to trade on the Nasdaq Capital Market under the stock ticker symbol "INPX." Inpixon Securityholders will receive shares of CXApp Holding common stock on a pro rata basis representing 100% of Inpixon's interest in CXApp Holding. Immediately following the distribution of CXApp Holding shares, the Business Combination is expected to close. Upon the closing of the Business Combination, all shares of CXApp Holding common stock will be automatically exchanged for shares of New CXApp on a pro rata basis according to an exchange ratio calculated immediately prior to closing using a formula set forth in the merger agreement by and among Inpixon, CXApp Holding, KINS and a subsidiary of KINS. Inpixon Securityholders will receive an aggregate of approximately 6,900,000 shares of New CXApp common stock in exchange for their shares of CXApp Holding common stock.
UPWK

Hot Stocks

09:08 EST Upwork announces major expansion, full-time hiring available - Upwork announced a major expansion of its offerings, making full-time hiring available to all customers for the first time. A new end-to-end solution enables businesses of all sizes to find, vet, hire, onboard and pay highly skilled professionals for full-time work arrangements, without the complexity commonly associated with global hiring, "Today, hiring full-time talent around the globe is an expensive proposition and a leap of faith for everyone involved," said Dave Bottoms, General Manager of Marketplace, Upwork. "With this expansion into a full-time hiring solution for all our customers, we have mobilized Upwork's longstanding expertise, experience and technology to further help businesses and skilled professionals build trusted, long-term working relationships. We aim to provide customers the flexibility to choose the work arrangements that best fit their needs, and empower people on both sides of our work marketplace to thrive in today's ever-changing world of work."
LPLA

Hot Stocks

09:07 EST LPL Financial: Legacy Financial Group joins broker-dealer, RIA platforms - LPL Financial announced that Legacy Financial Group has joined LPL Financial's broker-dealer and RIA. The Legacy team reported having served approximately $225 million in advisory, brokerage and retirement plan assets, and joins LPL from Voya Financial Advisors. Legacy Financial Group, based in Albuquerque, NM, originated August of 1995. Cris Giron started his financial planning career cold calling potential clients, primarily educators in an underserved market, helping them save money into 403(b)'s and plan for retirement. Eddie Fernandez was working for a local prominent CPA firm doing traditional accounting services that focused on historical activity but felt he was better at serving clients by focusing on their future planning needs.
INTA

Hot Stocks

09:07 EST Intapp's DealCloud selected by GlobeSt Real Estate as a top influencer - Intapp announced that GlobeSt Real Estate Forum has named Intapp a top influencer in commercial real estate, CRE, technology for its DealCloud platform. "We're honored that GlobeSt recognized our passion, innovation, and accomplishments in leading change for dealmakers," said Frank Spadafora, Real Estate Industry Principal at Intapp. "It is strong validation of DealCloud's vision to build the leading technology platform for private capital and alternative asset investors, with a comprehensive range of capabilities to support the very specific needs of the modern, connected commercial real estate firm."
GMVD

Hot Stocks

09:05 EST G Medical Innovations receives patent from USPTO for vital sign sensors - G Medical Innovations Holdings announced that the patent US 11,571,167 "Method and System For Vital Signs Monitoring With Earpiece" has been issued as of February 7, 2023. Two weeks ago, G Medical Innovations announced it received a patent issue notification from the United States Patent and Trademark Office in connection with this patent, which joins the growing list of the Company's patent portfolio. The patent covers the vital signs monitoring system that the Company is developing using multiple sensing mechanisms to be used on different body locations. This vital sign monitoring system will potentially provide physicians more versatility in patients' monitoring and would simplify in and out-patients' monitoring. Together with the two patents received in December 2022, G Medical Innovations continues to strengthen its position in the market with its unique technologies and services. The Company believes that obtaining these patents places the Company at the forefront of the industry and provides the Company a significant advantage over its competitors, specifically with regards to accurate monitoring of patients. This will potentially allow the Company to increase the market size for its products and its monitoring services.
IVDA

Hot Stocks

09:05 EST Iveda executes exclusive $44M distribution agreement with Logistica Corporativa - Iveda announced a 20-year, exclusive distribution agreement, creating a physical security partnership with Logistica Corporativa Agua Azul--part of the Grupo Desson portfolio--bringing innovative AI video search and IoT technology to the Latin American market. Upon successful in-country implementation of Iveda technology, training, and launch, this contract aims to bring in 100 new customer locations every year, to be implemented with recurring revenue streams. In doing so, our partner will maintain the exclusive nature of the partnership, and Iveda expects to generate a minimum of $44M throughout the first 20 years of the collaboration. "Through the continued adoption of AI--especially as more organizations lean into the technology to deliver critical services to customers--we're seeing new, creative applications of our advanced, efficient technologies," said David Ly, Iveda CEO and founder. "As our technology gets smarter through increased deployment, they become more efficient and, in turn, make environments safer. Iveda is proud to not only assist Logistica Corporativa Agua Azul/Grupo Desson and their customers in the deployment of AI-powered security, but to also bring this type of leading-edge technology to the Latin American market overall. We're looking forward to the implementations and innovations both of our teams will achieve together over the next 20+ years of collaboration."
FAT

Hot Stocks

09:04 EST Fat Brands' Twin Peaks nears 100 locations to finish 2022 - FAT Brands is pleased to announce another strong year for Twin Peaks. The leading sports lodge concept generated strong growth throughout 2022 in addition to landing top spots on several prestigious awards lists. In total, the banner year saw Twin Peaks open nine new lodges, while also signing four new area development agreements to add 26 future lodges in the United States and one ADA in Mexico for an additional 32 lodges. These agreements are expected to allow the brand to surpass the monumental 100-restaurant milestone by spring of 2023. The brand enters 2023 with 95 locations across the United States and Mexico with an anticipated 18-20 additional restaurants opening in 2023 in Chattanooga, Tennessee; Greenwood, Indiana; Deer Valley, Arizona; Columbus, Ohio; Springfield, Missouri; as well as Daytona Beach and Jacksonville, Florida to begin the year. The brand signed several domestic ADAs to expand its footprint, including eight locations across North Carolina with Music City Consulting, four locations in the Ohio River Valley with JEB Food Group and three restaurants in the Pittsburgh area with the Falcons Group. Twin Peaks also secured an agreement with Dos Montes Corp. to add seven locations in Chicago and its largest international ADA to date with its subsidiary, Operadora 2 Montes, for 32 lodges in Mexico.
ALBT

Hot Stocks

09:04 EST Avalon announces closing of strategic investment in Laboratory Services MSO - Avalon GloboCare announced that it has acquired a 40% interest in Laboratory Services MSO, a premier clinical diagnostics and reference laboratory. Headquartered in Costa Mesa, California, LSM provides a broad portfolio of diagnostic tests including drug testing, toxicology, pharmacogenetics, and a broad array of test services, from general bloodwork to anatomic pathology. Total consideration for the transaction was $21M , consisting of $9M in cash, $11M in shares of the Company's Series B preferred stock, which are convertible into shares of the Company's common stock at a fixed conversion price of $3.78 per share, and $1M in cash payable on February 9, 2024. The preferred shares will be restricted from conversion for 12 months and thereafter will have leak-out provisions restricting conversion to only 10% of total holdings. In addition, the seller is also eligible, under the terms set forth in the purchase agreement, to receive certain earnout payments upon achievement of certain operating results, which may be comprised of up to $10,000,000 of which up to $5,000,000 will be paid in cash and up to $5,000,000 will be paid pursuant to the issuance of the number of shares of Company common stock valued at $5,000,000, calculated using the closing price of the Company's common stock on December 31, 2023. David Jin, M.D., Ph.D., President and Chief Executive Officer of Avalon, commented, "We are excited to close this initial investment as a first step, and anticipate acquiring a controlling interest within the next nine months. Not only is this transaction expected to be accretive to our earnings, we believe it also adds strong clinical and roll-up synergies to the existing Avalon portfolio and future growth plan. By combining LSM's established infrastructure with Avalon's cutting-edge diagnostic and cellular immunotherapy platforms, it provides us with an established roadmap and framework in the context of integrating our CellTech/therapeutic programs with precision medicine."
POCI

Hot Stocks

09:03 EST Precision Optics signs license agreement with global medical device company - Precision Optics announced it has signed a production and technology license agreement with a large, global medical device company. The licensing agreement arises from a joint product development initiative with this customer over the past four years. The agreement grants the medical device company exclusive rights for an agreed period of time to certain POC intellectual property, within a defined and limited field of use in the ophthalmic industry. The agreement sets terms under which POC will manufacture the product or receive royalties if the product is manufactured by the customer or a third-party. Under the agreement, POC has received a one-time upfront payment of $600,000 for these technology rights. Initial production of this product is expected to occur at POC's facilities in late-2023. The customer has the right to transfer production to one of their facilities or to a third-party manufacturer, in which case POC would assist in such transfer and would be paid royalties for a period of time on all product manufactured at a non-POC facility.
RPD

Hot Stocks

09:02 EST Rapid7, USF partner to establish Rapid7 Cyber Threat Intelligence Lab - Rapid7 is partnering with the University of South Florida to create a cyber threat intelligence laboratory that will support interdisciplinary research efforts by faculty experts and students from four colleges and myriad disciplines. The Rapid7 Cyber Threat Intelligence Lab at USF is funded by a $1.5M investment from the Boston-based company's charitable arm, The Rapid7 Cybersecurity Foundation. This joint endeavor will catalyze new collaborative research efforts in cyber threat detection and support an inclusive approach to diverse talent development in cybersecurity. It will also provide USF students the opportunity for hands-on learning and cybersecurity skills development as well as real-world experience tracking global threat actors.
RKT

Hot Stocks

09:02 EST Rocket Companies announces retirement of CEO Jay Farner and succession plan - Rocket announced that following a 27-year career at the Company, CEO Jay Farner plans to retire from his position effective June 1. At that time, Bill Emerson, longtime Rocket executive and current Vice Chairman of Rock Holdings, will assume the role of CEO on an interim basis. Farner will begin transitioning his roles and responsibilities to Emerson to ensure a seamless transition on June 1. Farner has also decided to step down from his position on the Rocket Board of Directors, effective February 9, 2023, and Emerson has been appointed to the Board, effective immediately. The Board of Directors has commenced a search for a permanent CEO and has retained a leading firm to support its evaluation of internal and external candidates.
EBAY

Hot Stocks

09:01 EST eBay acquires 3PM Shield, terms not disclosed - eBay and 3PM Shield, a provider of advanced AI-based marketplace compliance solutions, announced that eBay has acquired 3PM Shield. This further enhances eBay's world-class monitoring solutions with new technologies designed to prevent the sale of counterfeit items, unsafe products and illegal goods. eBay has acquired 3PM Shield, also known as 3PM Solutions, and the deal has closed as of February 9. Further details were not disclosed.
HYPR

Hot Stocks

08:57 EST Hyperfine announces FDA clearance for upgraded AI-powered softwae - Hyperfine announced the U.S. Food and Drug Administration (FDA) 510(k) clearance and launch of the company's upgraded AI-powered software. The most recently cleared Swoop software improves the image quality of the diffusion-weighting imaging sequence with increases in its signal-to-noise ratio. An additional update in this software release increases the Swoop Portable MR Imaging System field of view by 10% for T1, T2, and FLAIR sequences to match the previously improved DWI sequence's 20cm field of view. Field of view size is important for visualizing pathology deep in the brain.
SVES RACY

Hot Stocks

08:56 EST SVES to go public via merger with Relativity Acquisition - SVES, SVES GO, SVES CP and SVES Apparel and Relativity Acquisition (RACY) announced they have entered into a definitive business combination agreement. Upon closing of the proposed transaction, the combined company will operate under the name "SVES, Inc." and intends to apply to be listed on NASDAQ Stock Exchange under the new ticker symbol "SVES." The companies said, "SVES was founded in 2017 to fill a critical gap in the retail supply chain by providing full-price retail fashion brands an efficient and effective way to monetize overstocked items. Today, the Company is a leader in its space, and a key intermediary connecting full-price brands with off-price retailers which are able to sell inventory that would otherwise be sold or disposed of by full-price brands at a significant loss. SVES' differentiated business model includes a deep, two-sided buyer-seller network built up through longstanding industry relationships and revolutionary sorting capabilities that drive superior customer service and operational efficiency. These advantages have allowed SVES to unlock significant value for its customers by removing critical time- and labor-intensive steps in the process of preparing off-price retail products for sale. SVES' customer base includes a number of leading off-price retailers in the United States and abroad, supported by multiple warehousing locations in the US and Europe." Following the business combination, SVES will continue to be led by its leadership team of growth experts, including Timothy Fullum, Co-Founder and CEO; Salomon Murciano, Co-Founder and President; and Aron From, CFO. Under the terms of the Merger Agreement, the transaction is valued at an estimated pro-forma enterprise value of approximately $707.25M, is expected to close in Q3 2023 and is subject to approval by Relativity's stockholders and other customary closing conditions.
AMTX

Hot Stocks

08:49 EST Aemetis unveils five-year plan targeting $2B of revenue in 2027 - Aemetis released an updated Five Year Plan that provides insights into the Company's plans to generate $2B of Revenues, $496M of Net Income, and $682M Adjusted EBITDA in year 2027. The Five Year Plan reflects a projected Revenues compound annual growth rate of 43% and a projected Adjusted EBITDA compound annual growth rate of 77% between 2023 and 2027. A presentation describing the Five Year Plan was filed with the SEC and is posted on the Aemetis website. The Plan includes the expansion of the company by the production of negative carbon intensity Renewable Natural Gas; Sustainable Aviation Fuel; Renewable Diesel fuel; carbon sequestration of CO 2 ; and other low- and below-zero-carbon products produced from the Aemetis' ecosystem of renewable projects. The presentation profiles the capital expenditures for the projects, as well as the positive financial impact of the Inflation Reduction Act.Under the Five Year Plan, the Company plans revenue growth in all of our product lines, including: expansion of pipeline and digester construction within our dairy RNG business; construction of the 90 million gallon per year Aemetis renewable jet/diesel plant; drilling two CO 2 Carbon Sequestration and Underground Storage characterization and injection wells installed near the California biofuels plant sites; improving energy efficiencies and electrification projects at our Keyes biofuels plant; and expected changes to India government policies that allow the India plant to operate closer to its full capacity due to a new tax on unblended diesel starting in April 2023. The provisions of the Inflation Reduction Act provide for the transfer of tax credits from incentives connected to the production of product, as well as investment tax credits and other credits. In total, these tax credits improve Net Income by a projected $341M in year 2027. The plan for the Aemetis Dairy RNG business shows revenues growing from $2M in 2023 to $302M in 2027, with Adjusted EBITDA is expected to expand from $29.2M in 2023 to $264.1M in 2027. The plan includes the delays related to the regulatory process to obtain LCFS credit pathway approvals for each dairy digester. Aemetis has been awarded $23M of grants related to dairy RNG and related gas cleanup and utility pipeline interconnection units, including a $1M grant to install an RNG dispensing station to fuel RNG trucks at the Keyes plant. The projected $302less than of dairy RNG revenues in year 2027 is sourced from the construction and operation of digesters representing 127,942 wet cow equivalents and generating 1.5M MMBtu's at Aemetis at an estimated -400 carbon intensity RNG. The projected Aemetis Carbon Zero SAF/RD revenues of $701M with $192M of Adjusted EBITDA in 2027 is expected to be generated from the 90M gallon per year plant being developed at the 125-acre Riverbank Industrial Complex. The Riverbank SAF/RD plant is designed to utilize the Riverbank site's access to 100% renewable hydroelectricity; a rail line with storage for 120 railcars; 710,000 square feet of buildings; and 50 acres of open land that already has received key environmental and zoning approvals. Based on the completion of carbon reduction upgrades at the Keyes plant, which is expected by 2024, expansions of the India biodiesel plant, and expansion in our market opportunities resulting from changes to governmental policies, the Company expects to generate annual revenue from ethanol and biodiesel of approximately $700M by 2027, up from approximately $340M of expected revenue in 2023, an increase of 106%. The Keyes ethanol plant upgrades include the Mitsubishi ZEBREX ceramic membrane ethanol/water separation unit and MVR utilizing electric turbo fans to reduce natural gas use powered with zero-carbon intensity solar microgrid with battery storage.
ASGOF KGC

Hot Stocks

08:46 EST Asante Gold amends terms for second tranche payment for Chirano Gold Mine - Asante Gold (ASGOF) announced that it has amended the terms of a share purchase and sale agreement dated April 24, 2022, as amended, among the Company, KG Africa, an indirect subsidiary of Kinross Gold Corporation (KGC), and Kinross, pursuant to which, among other things, the Company acquired on August 10, 2022 all of the issued and outstanding shares in the capital of Red Back Mining Pty, which indirectly holds a 90% interest in the Chirano Gold Mine. The Purchase Agreement has been amended to provide for, among other things, the repayment of the February 10, 2023 $55M deferred consideration cash payment in four tranches as follows: $10M in cash will be paid on or before February 17, 2023 in connection with the closing of the current equity financing; $10M in cash will be paid on or before March 31, 2023; $10M in cash will be paid on or before April 30, 2023; and $25M in cash on or before May 31, 2023. The above payments will carry interest at a rate ranging from prime plus 3% to 5%. Asante has also agreed to accelerate payments of such amounts to Kinross from net proceeds of any subsequent equity or debt financing undertaken by Asante in advance of May 31, 2023. As partial consideration for amending the Purchase Agreement, the Company has agreed to issue 5M common share purchase warrants of the Company, with each warrant being exercisable to acquire one common share of the Company at a price of $2.25 per share for 36 months following the date of issuance. Kinross has agreed not to exercise any warrants within six months from the date of issue. All payments pursuant to the Purchase Agreement will be accelerated by a change of control of Asante or the company group that owns Chirano Gold Mines Limited.
CHKP

Hot Stocks

08:44 EST Check Point: Cyberattacks growing, becoming more sophisticated
EFSH

Hot Stocks

08:43 EST 1847 Holdings closes acquisition of ICU Eyewear - 1847 Holdings announced that it has completed the acquisition of ICU Eyewear Holdings. ICU was advised on the transaction by Threadstone LP. Total consideration for the acquisition was $4.5 million, consisting of $4,000,000 in cash and unsecured subordinated promissory notes in the principal amount of $500,000. Additionally, the Company closed two unsecured debt financing transactions with two accredited institutional investors for a total aggregate purchase price of approx. $2.8 million. On February 3, 2023, the Company issued to the investors promissory notes in the aggregate principal amount of $604,000, which include an original issue discount in the amount of $60,400, five-year warrants for the purchase of an aggregate of 125,833 common shares of the Company at an exercise price of $4.20 per share, which may be exercised on a cashless basis if the market price of the common shares is greater than the exercise price, and an aggregate of 125,000 common shares, for a total purchase price of $543,600. On February 9, 2023, the Company issued to the investors promissory notes in the aggregate principal amount of $2,557,575, which include an original issue discount in the amount of $139,090, five-year warrants for the purchase of an aggregate of 532,827 common shares of the Company at an exercise price of $4.20 per share, which may be exercised on a cashless basis if the market price of the common shares is greater than the exercise price, and also issued to one investor 289,772 common shares and issued to the other investor a five-year warrant for the purchase of 243,055 common shares at an exercise price of 0.01 per share, which may be exercised on a cashless basis if the market price of the common shares is greater than the exercise price, for a total purchase price of $2,301,818.
RELI

Hot Stocks

08:43 EST Reliance Global expands platform with new CRM tools - Reliance Global Group announced that it has significantly enhanced its AI-based, InsurTech platform with new customer relationship management, CRM, tools to further enhance workflow, streamline operations, and reduce costs for insurance agency partners utilizing RELI Exchange. Ezra Beyman, CEO of Reliance Global Group, stated, "We are excited to integrate our advanced AI engine and custom CRM system into our RELI Exchange InsurTech platform. This upgrade follows the recent launch of our real-time, life insurance quotation tool, which compares life insurance policies from over 15 insurance carriers, and builds upon our successful home and auto insurance offerings. We have always been at the forefront of AI-based technologies and, with this integration, we are further elevating our position as an InsurTech leader."
GNUS

Hot Stocks

08:41 EST Genius Brands to release first AI generated children's series using ChatGPT - Genius Brands International announced the launch of its first AI-generated children's series, Kidaverse Fast Facts, utilizing OpenAI's ChatGPT, among other AI technologies. The series will include new and exclusive shorts and will first premiere in March across Genius Networks' YouTube and social channels, and then broaden its footprint under both Kartoon Channel! and Ameba across multiple AVOD, SVOD and FAST platforms. Andy Heyward, Chairman & CEO of Genius Brands, stated: "We're excited to bring this innovative series to market and, by using ChatGPT, the series is able to quickly and effectively adapt and deliver our content and concepts in a kid-friendly, snackable format. The future of children's entertainment is here, and we're thrilled to be at the forefront of this revolution."
BGXX

Hot Stocks

08:41 EST Bright Green receives first funds from EB-5 Program - Bright Green Corporation has received funds from its first applications following the recent announcement of its plans to raise $500 million under the United States Citizenship and Immigration Services' EB-5 Program, an innovative vehicle for spurring investment and job creation in rural communities. USCIS administers the EB-5 Program, under which investors, their spouses and unmarried children under 21 years of age are eligible to apply for a Green Card if they make the necessary investment in a commercial enterprise in the U.S. Bright Green has already started to build its pipeline of potential investors, comprising both individual applicants, as well as large international companies with a global workforce. Receipt of funds from its first applications validates the proof of concept for the EB-5 Program. Bright Green plans to immediately utilize funds generated by the EB-5 Program for working capital requirements to operate its current greenhouse facilities in Grants, New Mexico. The Company also confirms that they are finalizing the State and Federal occupancy requirements. Once fully compliant, the U.S. Drug Enforcement Administration can confirm the registration of Bright Green's license, which will allow the Company to commence planting, harvesting and extraction of its first product.
CHKP

Hot Stocks

08:40 EST Check Point sees FY23 operating margin around 22% - Sees "similar" tax rate in FY23 vs. FY22. Guidance issued on Q4 earnings conference call.
TOPS

Hot Stocks

08:39 EST TOP Ships announces new time charter employment contract - TOP Ships announced that it has entered into a time charter employment contract with a high-quality counterparty for its product/chemical tanker M/T Eco Marina Del Rey. The new time charter will commence immediately after the expiry of the present time charter employment contract in the 1st quarter of 2024 and will have a firm duration of 3 years with an additional year at the charterer's option. The revenue backlog expected to be generated by this fixture is about $22.4M for the firm period and about $30.6M if the charterer exercises the option to extend for one additional year. Evangelos Pistiolis, the President, Chief Executive Officer and Director of the Company, said: "We are very happy to have concluded this new fixture of M/T Eco Marina Del Rey more than a year ahead of the expiry of its present employment and at a daily rate which is about 36% higher than the current rate, thereby taking advantage of the strong rates prevailing in the current tanker market. After considering this fixture, the total gross revenue backlog for the firm time charter period of our operating vessels, as of December 31, 2022, stands at about $259 million, increasing to about $280 million when adding the 50% of our joint venture vessels.
VITL

Hot Stocks

08:39 EST Vital Farms partners with True Food Kitchen to serve pasture-raised eggs - The company said,"What do breakfast tacos and a smoked gouda crustless quiche have in common? They're two dishes on True Food Kitchen's winter menus that are prepared with Vital Farms pasture-raised eggs! We've teamed up with True Food Kitchen to serve our pasture-raised eggs on their crave-worthy menus alongside other intentionally sourced ingredients. True Food Kitchen is an award-winning restaurant brand and pioneer of wellness-driven dining that shares our values for improving the lives of people, animals, and the planet. Our collaboration is a recipe for success to serve nourishing food that people know they can trust."
SYPR

Hot Stocks

08:38 EST Sypris wins award for long-range standoff missile system assemblies, no terms - Sypris Electronics announced that it has recently received an award to produce and test electronic interface control assemblies for the U.S. Department of Defense Long-Range Standoff missile weapons system as part of the Nuclear Weapons Delivery Systems modernization program. Production is expected to begin in 2023. Terms of the agreement were not disclosed. The assemblies to be produced by Sypris will be incorporated into the suite of strategic nuclear and tactical weapons systems of the U.S. Air Force B-52H long-range bomber. The LRSO weapon system is targeted to replace the nearly 40-year old AGM-86B Air-Launched Cruise Missile. According to news sources, the LRSO weapon system is being developed as a program that can penetrate and survive integrated air defense systems and attack strategic threats.
PBLA

Hot Stocks

08:38 EST Panbela Therapeutics closes $15M public offering - On January 30, 2023, Panbela closed its previously announced public offering consisting of 6,675,000 shares of its common stock and warrants to purchase up to 13,350,000 shares of its common stock at a purchase price of $2.25 per share and associated Public Warrants. All of the pre-funded warrants have been exercised. The Public Warrants have a cash exercise price of $2.75 per share of common stock, were exercisable upon issuance, and will expire five years following the date of issuance. The Public Warrants also contain cashless exercise provisions, subject to certain conditions. Roth Capital Partners acted as lead placement agent and Maxim Group LLC acted as co-placement agent of the offering. Gross proceeds from the offering, before deducting placement agent fees and offering expenses, were approximately $15.0 million. Panbela intends to use the net proceeds from the offering for the continued clinical development of its product candidates ivospemin and eflornithine, working capital, business development and other general corporate purposes, which may include repayment of debt.
SGBX

Hot Stocks

08:37 EST Safe & Green obtains certificate of occupancy for Monticello project - Safe & Green announced that the company has obtained a certificate of occupancy for its Monticello project, located in the Catskills region. Given that the property has now been deemed habitable and meets all code and usage requirements, the leasing process can begin.
PBLA

Hot Stocks

08:37 EST Panbela Therapeutics regains compliance with Nasdaq listing standards - Nasdaq has issued notice that Panbela has regained compliance for continued listing of its common stock. On February 9, 2023, Panbela received a letter from Nasdaq confirming that Panbela has cured the previously identified minimum bid price and stockholders' equity deficiencies under Nasdaq Listing Rules 5550(a)(2) and 5550(b)(1), respectively, and that Panbela is in compliance with all applicable listing standards. Panbela's previously scheduled delisting determination appeal hearing has been canceled, and its common stock will continue to be listed and traded on Nasdaq.
EVBG

Hot Stocks

08:36 EST Everbridge appoints John Di Leo Chief Revenue Officer - Everbridge announced the appointment of John Di Leo as Chief Revenue Officer, responsible for leading the company's global sales and go-to-market teams including global partnerships, business development, professional services, and Everbridge's centers of excellence. Mr. Di Leo joins Everbridge, effective immediately, and reports to Chief Executive Officer David Wagner.
ANIK

Hot Stocks

08:36 EST Anika Therapeutics announces first surgeries performed using RevoMotion RSA - Anika Therapeutics announced that it has commenced the limited market release of its new RevoMotion Reverse Shoulder Arthroplasty, RSA, System, with the first surgeries performed in the United States. The launch of the RevoMotion RSA System marks Anika's entrance into the over $800M U.S. reverse shoulder market, which is the fastest growing segment in shoulder arthroplasty, projected to grow at an 11% CAGR through 20261. With the launch of RevoMotion, surgeons can now address the full spectrum of shoulder arthroplasty procedures with Anika's differentiated bone and motion preserving products. Current industry estimates are that there will be 200,000 shoulder arthroplasty procedures performed in the U.S in 2023 2. Key benefits of RevoMotion include: Industry's smallest diameter threaded glenoid baseplate; Simplified component insertion; Bone preservation and patient personalization; Enhanced efficiency for surgeons and facilities. "The launch of RevoMotion is a significant step forward as Anika builds on the strong foundation for our multi-year growth strategy in joint preservation, one of the highest opportunity spaces in orthopedics, and enhances the value that we can provide to surgeons and their patients in both the ASC and hospital settings," said Cheryl R. Blanchard, PhD, President and CEO, Anika Therapeutics. "The surgeons who have used RevoMotion are excited about the bone preserving design and are seeing this play out clinically. This is truly a next generation reverse shoulder system, which we designed based on a thorough evaluation of market needs, clinical results and surgeon and patient expectations. With the launch of RevoMotion, surgeons can now address the full spectrum of shoulder arthroplasty repairs, including the fastest growing segment of shoulder arthroplasty, reverse shoulders, with Anika products. RevoMotion marks the second of three key new product launches planned for 2023/2024 and complements the momentum we already have in other recent launches. In combination with the X-Twist Fixation System, Tactoset Injectable Bone Substitute, and a full portfolio of soft tissue repair products, Anika is well positioned to serve surgeon and patient needs focused on the shoulder and rotator cuff pathology. We look forward to continuing to enhance our comprehensive portfolio of solutions to restore active living, deliver accelerated growth and increase shareholder value."
SILO

Hot Stocks

08:36 EST Silo Pharma files patent for treatment of Alzheimer's disease - Silo Pharma announced that it has filed a provisional patent application for the use of its central nervous system homing peptides to treat Alzheimer's disease and the onset of dementia. Alzheimer's disease has proven to be a progressive neurodegenerative disorder that is associated with the destruction of higher brain structures, such as those involved in cognition and memory function. The disease leads to deficits and declines in memory, learning, language, and in the ability to perform intentional and purposeful movements. Alzheimer's disease is also accompanied by concomitant behavioral, emotional, interpersonal, and social deterioration. Treatment of Alzheimer's remains largely inadequate. Silo Pharma continues to explore the use of its CNS homing peptides along with its study of other novel therapeutics currently in preclinical studies.
SMFL

Hot Stocks

08:35 EST Smart for Life to hold shareholder meeting on March 15 - Smart for Life announced that the Company filed a definitive proxy statement with the Securities and Exchange Commission in connection with a special meeting of stockholders scheduled on March 15, 2023. The Special Meeting is being held to vote on various matters, including to effect an increase in the total number of authorized shares of common stock of the Company and to effect a reverse stock split of the issued and outstanding shares of common stock. If approved by the stockholders and implemented by the Company's board of directors, the reverse stock split is primarily intended to increase the price per share of the Company's common stock to enable it to comply with the Nasdaq continued listing requirements. Each shareholder's pro rata percentage would remain unchanged. Additionally, the Company believes increasing the per-share market price of its common stock would make the Company more attractive to a wider range of institutional investors and brokerage firms otherwise restricted due to share price requirements.
ACER

Hot Stocks

08:34 EST Acer Therapeutics announces full enrollment in Phase 2a trial of ACER-801 - Acer Therapeutics announced full enrollment of its Phase 2a proof of concept trial of ACER-801, a novel, non-hormonal, neurokinin 3 receptor antagonist, being investigated as a potential treatment option for moderate to severe Vasomotor Symptoms, VMS, associated with menopause. Topline results from this trial are expected in mid-March 2023. The Phase 2a randomized, double-blind, placebo-controlled, dose-ranging trial of ACER-801 is designed to evaluate the safety, pharmacokinetics and efficacy of ACER-801 in 48 postmenopausal women aged 40-65 who experience moderate to severe hot flashes. Subjects were randomized 1:1:1:1 and receive twice daily doses of either 50mg, 100mg, 200mg of ACER-801 or placebo over a 14-day treatment period, followed by a 14-day safety follow-up assessment. Results from this trial could provide proof of concept data in postmenopausal women and could inform ACER-801 dosing and a development path forward in patients with induced Vasomotor Symptoms.
NVTS

Hot Stocks

08:33 EST Navitas Semiconductor announces GaNFast tech in OnePlus 11 5G smartphone - Navitas Semiconductor has confirmed that its GaNFast technology fast-charges the newly-released OnePlus 11 5G flagship smartphone. Powered by a Qualcomm Snapdragon 8 Gen 2 chipset, the flagship OnePlus 11 5G combines a modern, elegant design with effortless imaging supported by the 3rd Generation Hasselblad Camera for Mobile.
ZENV

Hot Stocks

08:31 EST Zenvia launches integration of ChatGPT to its mass texting service solution - Zenvia launched the integration of its mass texting service solution, Zenvia Attraction, with ChatGPT via API. Zenvia Attraction, a SaaS tool that leverages the relationship of companies with their customers, can now provide increasingly personalized and efficient suggestions in the elaboration of messages.
CHRS

Hot Stocks

08:26 EST Coherus Biosciences granted permanent, product-specific Q-Code for CIMERLI - Coherus BioSciences announced that the Centers for Medicare and Medicaid Services has published a new code pursuant to the Company's application for Healthcare Common Procedure Coding System Q-codes. The HCPCS Q-code assigned to CIMERLI will be effective for patients administered CIMERLI on or after April 1, 2023.
APVO

Hot Stocks

08:25 EST Aptevo, Alligator dose first patient in Phase 1 trial of ALG.APV-527 - Alligator Bioscience and Aptevo Therapeutics announced the dosing of the first patient in the companies' Phase 1 trial evaluating ALG.APV-527 for the treatment of solid tumors expressing the tumor-associated antigen 5T4. ALG.APV-527 is a bispecific antibody with a tumor-directed 4-1BB agonistic effect and the ability to specifically stimulate antitumor-specific T cells and NK cells involved in tumor control. The ALG.APV-527 Phase 1 trial is a multi-center, multi-cohort, open-label trial that will include six cohorts in a 3+3 design. The trial will be conducted at up to 10 sites in the U.S. among adult patients with multiple solid tumor types/histologies likely to express the 5T4 antigen, including non-small cell lung cancer (NSCLC), gastric/gastro-esophageal cancer and head and neck cancer. ALG.APV-527 will be given intravenously once every two weeks. The trial will assess the safety and tolerability, pharmacokinetic, pharmacodynamic and preliminary anti-tumor activity of ALG.APV-527.
FREQ

Hot Stocks

08:22 EST Frequency Therapeutics reports CEO David Lucchino is on temporary medical leave - The company shared that CEO David Lucchino is on temporary medical leave after having been hospitalized with bacterial meningitis. Lucchino is expected to make a full recovery and return to his role in the coming weeks. Its board of directors has appointed Chris Loose, CSO, as interim CEO until Lucchino returns.
FREQ

Hot Stocks

08:21 EST Frequency announces FX-332 study misses endpoint, to reduce personnel by 55% - Frequency Therapeutics announced clinical results from the placebo-controlled Phase 2b study of FX-322 in individuals with acquired Sensorineural Hearing Loss, or SNHL. The study, which enrolled 142 people with either sudden or noise-induced sensorineural hearing loss, failed to achieve its primary efficacy endpoint of an improvement in speech perception. Data showed no statistically meaningful difference at day 90 between those administered FX-322 versus those receiving placebo in the proportion of individuals that demonstrated an improvement in speech perception. There were also no measurable improvements observed in any of the study's secondary endpoints. Prior FX-322 studies had been designed to best understand patient etiologies and severities where a hearing signal could be observed. FX-322-208 was statistically powered with a balanced placebo and active group. The safety profile associated with FX-322 was favorable and no study participants experienced a serious adverse event that was associated with treatment. The company will now discontinue the FX-322 development program. In addition, while dosing of FX-345, a second program to treat SNHL, has been completed in the initial safety cohort of an ongoing Phase 1b trial, that development program will also be discontinued. The company will now focus its resources to advance its remyelination in MS program into the clinic. Frequency's efforts now will focus on continuing to develop novel therapeutics to induce remyelination for individuals living with MS. The Company previously reported that it had identified a novel target relevant to myelination. Modulation of this target drives robust oligodendrocyte differentiation and expression of myelin proteins in vitro. The Company has identified multiple novel chemical entities that induce robust remyelination following demyelination in an adult in vivo animal model. The MS program is independent of the hearing program, with a distinct molecular target, mechanism, progenitor cell population, and small molecule drug candidates. Further, a well-defined clinical path with objective biomarkers such as visual evoked potential, or VEP, and magnetic resonance imaging exist for studying the performance of remyelination therapies in MS patients. Frequency's agents substantially outperform other clinically studied remyelination agents in head-to-head in vivo studies. Frequency plans to begin its clinical program for remyelination in 1H 2024. The company will immediately reduce headcount as part of an overall restructuring, downsizing personnel by approximately 55% . The company believes that the restructuring will generate sufficient cost savings to extend its runway into 2025 and enable it to complete a first clinical trial of its MS program in 2H 2024. As of December 31, 2022, Frequency had cash, cash equivalents and marketable securities of $83.1M.
AUID

Hot Stocks

08:17 EST authID expands Verified CloudConnet to BeyondTrust - authID announced the integration of Verified CloudConnect with BeyondTrust, a leader in intelligent identity and access security. This most recent Verified CloudConnect integration marks another step forward in authID's mission to extend its capabilities across the cyber ecosystem. Verified CloudConnect, now integrated with BeyondTrust's Privilege Management for Windows & Mac solution that enforces least privileges across enterprise endpoints, offers BeyondTrust customers a portable, phishing-resistant authentication solution that eliminates the risks and costs of passwords, while providing a secure identity affirmation and account recovery tool. "Our Human Factor Authentication reduces the risk of password-based attacks and lateral movement by bad actors, while improving user productivity," said Jeremiah Mason, Chief Product of authID. "With this integration with BeyondTrust, authID again extends the reach of our next-gen authentication solutions to accelerate the move to zero trust by our mutual customers."
XTRAF MSGS

Hot Stocks

08:17 EST MSG Sports to invest up to C$13.4M in Xtract One - Xtract One Technologies (XTRAF), and Madison Square Garden Sports Corp. (MSGS) announced that MSG Sports will invest up to C$13.4M in Xtract One. The initial investment of C$8.4M is effective immediately, with the subsequent investment of C$5M being conditional on the approval of Xtract One's shareholders and all applicable regulatory approvals. The Investment is comprised of the sale of up to 31,925,595 units at a price of C$0.42 per Unit. Each Unit will be comprised of one common share of Xtract One and one Common Share purchase warrant exercisable at a price of C$0.60 for a period of five years following the date of its issuance. The initial tranche of the Investment comprised the issuance of 20,000,000 Units for aggregate gross proceeds of C$8,400,000. The proposed second tranche of the Investment will be comprised of the issuance of 11,925,595 Units for aggregate gross proceeds of C$5,008,749.90. All securities issued under the Investment will be subject to Canadian resale restrictions of four months and one day, in addition to applicable US resale restrictions. No commission or fee is or will be paid in connection with the Investment. The initial and proposed subsequent equity Investment will enable Xtract One to further innovate its advanced security solution and accelerate its growth into new market segments. The investment by MSG Sports took place through its wholly-owned subsidiary MSG Sports Ventures, which is located at 2 Penn Plaza, New York, New York 10121. Prior to its investment, MSGSV did not hold any securities of Xtract One. As a result of its investment for total gross proceeds of C$8.4M, MSGSV holds 20,000,000 Common Shares and 20,000,000 Warrants, representing approximately 10.92% of the issued and outstanding Common Shares on a non-diluted basis and 19.69% on a partially diluted basis. Should its investment increase to C$13.4M, MSGSV would hold an aggregate of 31,925,595 Common Shares and 31,925,595 Warrants, representing approximately 16.36% of the issued and outstanding Common Shares on a non-diluted basis, and 28.12% of the issued and outstanding Common Shares on a partially diluted basis, based on the current issued and outstanding Common Shares. In connection with its investment, MSGSV entered into an investor rights agreement with Xtract One pursuant to the terms of which MSGSV has been granted the right to appoint an observer to the board of directors of Xtract One. Under the Investor Rights Agreement, subject to certain limitations set forth therein, MSGSV is also entitled to: certain "demand" registration rights that will allow MSGSV to request that Xtract One qualify for resale under Canadian securities laws and/or register for resale under the United States Securities Act of 1933, as amended, any Common Shares acquired by MSGSV as a result of its investment or upon exercise of the Warrants; and certain "piggyback" registration rights that will allow MSGSV to include the Registrable Securities in any public offering of equity securities initiated by Xtract One or another shareholder having registration rights.
MAIA

Hot Stocks

08:16 EST MAIA :THIO combo with checkpoint immune therapies showed tumor inhibition - MAIA Biotechnology announced it intends to initiate its second Phase 2 go-to-market trial evaluating THIO, the world's first telomere-targeting agent, in patients with four cancer indications. The FDA has awarded MAIA's lead anti-cancer agent THIO two Orphan Drug Designations, based on the preclinical efficacy data, for liver, hepatocellular carcinoma, and small cell lung cancer models. The trial is designed to evaluate THIO in sequential combination with the immunotherapies pembrolizumab or atezolizumab, which are the most used checkpoint inhibitors in Oncology. A third immunotherapy checkpoint inhibitor could be added later such as nivolumab, durvalumab, dostarlimab, etc. The trial previously demonstrated positive and encouraging preclinical results in colorectal, liver, and small cell lung cancer models. Treatment with THIO sequentially followed by pembrolizumab results in highly potent anticancer effect, as compared to the effects of pembrolizumab alone. THIO converts immunologically "cold" non-responsive SCLC tumor into "hot" and responsive to pembrolizumab. Treatment with THIO in combination with IR and atezolizumab results in a complete regression of aggressive HCC tumors. At the same time, the combination of IR and atezolizumab is just partially efficacious. "The THIO-102 trial is operationally on track to begin enrolling patients later this year," said Mihail Obrocea, MD, MAIA's Chief Medical Officer. "Based on the data generated on these indications, we are targeting accelerated approvals in these tumor types; in addition, we have now added a fourth arm which includes solid tumors of all types, that will serve as a signal generation arm; we will include telomerase positive breast, prostate, gastric, pancreatic, ovarian, along with potentially other tumor types." "These are patients that are facing very limited treatment options, usually chemotherapy with minimal efficacy and high toxicity," said MAIA Chairman and Chief Executive Officer Vlad Vitoc, M.D. "THIO sequenced with an immune checkpoint inhibitor has demonstrated complete tumor regression in several cancer preclinical models. We are very confident THIO can substantially improve on the limited clinical efficacy shown so far by atezolizumab, pembrolizumab and others. This go-to-market trial - THIO 102 - may provide THIO with more than 9 additional indications. Our existing trial with non-small cell lung cancer is another indication, potentially giving THIO more than 10 indications in total. Most oncology compounds at this stage of development have only one. We have 10 shots on goal!""
BKYI

Hot Stocks

08:16 EST BIO-key partners with Europe's Bravantic Group - BIO-key International announced a strategic distribution partnership with Bravantic Group to bring its solutions to customers in Southern Europe, Africa, Brazil and the Middle East. Bravantic Group has a strong presence in Portugal, the United Kingdom, Angola, Mozambique, Cape Verde, Brazil, Abu Dhabi, and Dubai. Over the last 26 years they have worked with major hardware and software manufacturers to offer a wide range of information technology and security solutions and services across a variety of industries and enterprises. BIO-key continues to expand its footprint in high growth international markets by offering its leading identity solutions through key strategic partners like Bravantic.
MBRX

Hot Stocks

08:14 EST Moleculin reports results from its MB-105 European Phase 1 clinical trial - Moleculin Biotech announced the following topline results from its MB-105 European Phase 1 clinical trial assessing the safety and efficacy of Annamycin as a single agent for the treatment of adults with relapsed or refractory acute myeloid leukemia or AML. The final MB-105 results align with the overall safety profile of Annamycin and observations made in previously completed and ongoing clinical studies evaluating Annamycin. Additionally in the last cohort where all subjects were at least 60 years of age, Annamycin demonstrated an overall response rate, or ORR, of 80%. Topline results in MB-105, an open label, single arm clinical trial conducted in Europe showed one CRi and three PRs for an 80% overall response rate (ORR) in the last cohort. In this cohort, the age range at time of treatment of the 5 subjects was 62-73. The subject who achieved the CRi was 65 years of age at time of treatment. For purposes of this clinical trial, a CR means that the subject's bone marrow blasts reduced to 5% or less, and a PR means the subject's bone marrow blasts reduced by 50% and resulted in a blast count of 25% or less. 20 subjects were enrolled in the trial with the age range of 24-76 years with a median age of 64.5. The median number of prior therapies for all subjects was 4. Of the 20 subjects enrolled, 17 received the full 3 consecutive days of dosing per protocol. PRs and CRi were noted in 4 of the 5 subjects dosed according to protocol in the last cohort. The clinical study report for MB-105 has been finalized, internally published and reviewed and the Company expects to share detailed data in a paper and/or publication in the near future.
VITFF

Hot Stocks

08:13 EST Victoria Gold provides notice of expiry of offer for ATAC Resources - Victoria Gold is providing notice that its proposed offer to ATAC Resources will expire at the close of business on February 17, 2023. On January 12, 2023, Victoria submitted a non-binding proposal to acquire 100% of the issued share capital of ATAC. Victoria proposed to offer C$0.12 per ATAC share, payable in Victoria shares. On January 17, 2023, ATAC declined Victoria's proposal. Following subsequent discussions between ATAC and Victoria and their respective advisors, ATAC formally confirmed its rejection of Victoria's proposal on February 7, 2023. Victoria believes its offer is fair and generous consideration for ATAC shareholders. Victoria's offer implies a premium of 85 percent to ATAC's closing share price on February 10, 2023. To provide ATAC's Board of Directors time to reconsider its prior rejection of Victoria's offer, Victoria is extending its offer until 5:00pm on Friday, February 17, 2023. Following this, Victoria's proposal to acquire ATAC will expire. Victoria has no intention of commencing a hostile take-over offer.
EXEL

Hot Stocks

08:13 EST Exelixis, Sairopa announce FDA clearance for ADU-1805 IND application - Exelixis and Sairopa B.V. announced that the FDA has cleared Sairopa's investigational new drug, or IND, application to evaluate the safety and pharmacokinetics of ADU-1805 in adults with advanced solid tumors. As a monoclonal antibody active against all human alleles of SIRPa, ADU-1805 has the potential to address a broader patient population than other SIRPa-directed therapies.
HTBI

Hot Stocks

08:11 EST HomeTrust completes merger with Quantum Capital - HomeTrust Bancshares, the holding company of HomeTrust Bank, announced that its merger with Quantum Capital was completed as of February 12, 2023. The merger was a stock and cash transaction valued at approximately $70.8M. On a pro forma basis, the combined entity will hold assets of approximately $4.3B, including loans of $3.6B and deposits of $3.6B. "We are pleased to announce the completion of our merger with Quantum and can now officially welcome this talented group of bankers to the HomeTrust team," said C. Hunter Westbrook, President and Chief Executive Officer of HomeTrust. "Very early in the process we realized Quantum had a culture similar to ours that is employee first while being deeply committed to enriching our customers and communities, and this belief has only been strengthened over time. We look forward to demonstrating what we can achieve together." After closing the Transaction, Bryan Cohen, the former President of Quantum and Chief Executive Officer of Quantum National Bank, will serve as the Georgia Market President of HomeTrust Bank, while Dr. Narasimhulu Neelagaru will join the boards of directors of HomeTrust and HomeTrust Bank in June 2023. As a result of the merger, HomeTrust is paying approximately $33.0M of cash and issuing 1,374,646 shares of HomeTrust common stock to the shareholders of Quantum. Also, as part of the Transaction, Quantum's subsidiary, Quantum National Bank, has merged with and into HomeTrust's subsidiary, HomeTrust Bank. HomeTrust will continue to operate Quantum National Bank's branch offices under the Quantum National Bank name until the systems conversion scheduled for mid-March 2023.
CTLT VATE

Hot Stocks

08:11 EST Catalent appoints Joseph Ferraro as general counsel, chief compliance officer - Catalent (CTLT) announced the appointment of Joseph Ferraro as senior VP, general counsel, chief compliance officer, and secretary. Ferraro will be responsible for managing Catalent's global legal and compliance operations. He will be based at the company's headquarters in Somerset, New Jersey, head up the company's legal leadership team, and serve on its executive leadership team, reporting directly to Catalent's executive VP and chief administrative officer, Steven Fasman. Ferraro most recently served as chief legal officer and secretary for Innovate Corp. (VATE).
ANPC

Hot Stocks

08:11 EST AnPac Bio signs agreement to acquire a group of Windfall affiliated companies - AnPac Bio-Medical Science announced that on February 12 the Company, through its subsidiary Foodbase Group entered into a definitive equity purchase agreement to acquire a group of affiliated companies, SLV Windfall Group, Windfall SLV Development and SLV Windfall Management, which are engaged in developing, marketing and selling real estate in Savannah Lakes Village, a planned community located in McCormick County, South Carolina. SLV Windfall Group currently owns a few dozens of buildable lots, approximately 500 acres of undeveloped land for future development projects, and has secured the exclusive right to purchase on favorable terms from the local land authorities over 2,000 buildable lot. Savannah Lakes Village is a well-developed community which has been in existence for more than 30 years. The Company plans to file the necessary applications to qualify the land development at Savannah Lakes Village as a U.S. EB-5 immigration investment project. Pursuant to the equity purchase agreement, the Company agreed to purchase 100% of the issued and outstanding equity interests of the affiliated companies for an aggregate consideration of $28,000,000, payable in the form of cash in four installment payments pursuant to a payment schedule based on milestone events. The initial closing of the transaction is expected to take place in the in the Q2.
PETV

Hot Stocks

08:10 EST PetVivo to exhibit SPRYNG at Western Veterinary Conference - PetVivo will be exhibiting at the Western Veterinary Conference to be held February 19th to February 22nd, 2023 at the Mandalay Bay Convention Center in Las Vegas, Nevada. PetVivo intends to exhibit its lead product, SPRYNG with OsteoCushion Technology, an intra-articular injectable veterinary medical device consisting of sterilized, extra-cellular matrix microparticles; Spryng microparticles perform in the joint as wet, slippery micro-cushions used in the management of lameness and other joint related afflictions, such as osteoarthritis. WVC is the largest veterinary conference that services the western part of the United States, and normally plays host to more than 15,000+ participants including many of the top industry professionals.
ENPH

Hot Stocks

08:10 EST Enphase Energy, Lumio expand solar technology across U.S. - Enphase Energy announced that Lumio, a leader in personalized renewable energy, will significantly expand its offering of Enphase IQ8 Microinverters and IQ Batteries to customers across the United States. "We're proud to continue our work with Lumio to leverage its leadership in delivering customizable, reliable, and safer clean-energy solutions to homeowners nationwide," said Dave Ranhoff, chief commercial officer at Enphase Energy. "Our combined focus on high-quality home energy solutions and excellent customer service will offer homeowners a world-class experience end-to-end."
MDRX

Hot Stocks

08:10 EST Veradigm, HealthVerity team on research and care for patients with CVD - Veradigm and HealthVerity announced a collaboration that will advance real-world research and improve patient care for those with cardiovascular disease and diabetes. The collaboration makes Veradigm's data from their Cardiovascular and Metabolic Registries fully interoperable with de-identified patient data from HealthVerity Marketplace, the nation's largest healthcare and consumer data ecosystem. The HealthVerity IPGE platform is an integrated technology and real-world data infrastructure that allows disparate data to be accurately resolved to unique privacy-protected identities, then linked in a HIPAA-compliant manner and exchanged for a myriad of use cases. By connecting Veradigm's Cardiology and Metabolic registries with broad scale healthcare and consumer data from HealthVerity, the collaboration provides clinical researchers with unprecedented access to regulatory-quality, HIPAA-compliant and research-ready data to advance analytics and treatments for these prevalent conditions. The Veradigm Cardiology Registry is the largest U.S. outpatient cardiovascular quality improvement registry, with 102+ million records, representing 18.9+ million unique patient lives, 13,000 providers and 4,000 office locations. The registry captures data on coronary artery disease , heart failure atrial fibrillation , hypertension and peripheral arterial disease . It follows cardiac patients across their journey, tracking key measures, including patient demographics, plan of care, cardiac events and comorbidities, exams, procedures, lab values, related medications, and more. The Veradigm Metabolic Registry is the first clinical ambulatory registry aimed at tracking and improving the quality of prediabetes, diabetes, and cardiometabolic care across the primary and specialty care continuum. The registry has 79+ million records, representing 13.5+ million unique patient lives, 11,100 providers, and 3,400 office locations. Key measures captured include patient demographics, A1c control, nephropathy, blood cholesterol, hypertension eye exam, foot exam, antiplatelet therapy and more. Additionally, Veradigm's electronic health record data from the most recent five years is incorporated, representing over 176 million patients with clinical activity, as well as Veradigm medical claims and remittance data for 300 million medical claims captured in a rolling two-year period.
SEEL

Hot Stocks

08:09 EST Seelos Therapeutics completes enrollment in Phase II/III trial of SLS-005 - Seelos Therapeutics announced the completion of enrollment of its registrational Phase II/III trial studying the investigational treatment SLS-005 for the treatment of amyotrophic lateral sclerosis on the HEALEY ALS Platform Trial. Seelos plans to initiate an Expanded Access Program late in the first quarter of this year that is fully funded by a grant from the NINDS under the ACT for ALS. Under this EAP, Seelos plans to enroll 70 patients in a 24-week, open-label study to evaluate SLS-005 in persons with ALS who do not qualify for other ongoing clinical trials, thus offering these patients an experimental treatment that they may not otherwise have access to.
MKSI

Hot Stocks

08:08 EST MKS Instruments reschedules Q4, 2022 earnings call due to ransomware event - MKS Instruments reported that due to the ransomware event that was identified on February 3, 2023, the Company now plans to release fourth quarter and full year 2022 financial results after market close on Monday, February 27, 2023 and host a conference call with management on Tuesday, February 28, 2023 at 8:30 a.m. Upon learning of the ransomware event, MKS took immediate action to contain the incident and has initiated the recovery phase. MKS continues to work diligently to restore operations at affected facilities. The ransomware event has had a material impact in the first quarter on the Company's ability to process orders, ship products and provide service to customers in the Company's Vacuum Solutions and Photonics Solutions Divisions. The incident has not impacted the operations of the Company's Materials Solutions Division. The full scope of the costs and related impacts of this incident, including the extent to which the Company's cybersecurity insurance may offset some of these costs, has not been determined. By postponing the timing of the release of financial results, the Company expects to be in a better position to address the financial impact of the ransomware event.
AKTX

Hot Stocks

08:08 EST Akari Therapeutics announces acceleration of Phase 3 trial of nomacopan - Akari Therapeutics announced the Phase 3 clinical trial of nomacopan in pediatric patients with hematopoietic stem cell transplant-related thrombotic microangiopathy, HSCT-TMA, is moving into Part B sooner than expected and the company is beginning the planning and design for the pivotal study in pediatric patients over 2 years of age. Akari also announces it has added a new pipeline program that will develop nomacopan as a potential treatment for adult HSCT-TMA, which will include a study that is supportive of the pediatric program. Study enrollment for the adult program is expected in 2024. Part A of the Phase 3 clinical trial of nomacopan in pediatric HSCT-TMA was designed to include three cohorts. Akari enrolled patients in the two older age groups and, based on feedback from the FDA, the PK/PD data from these patients from the Part A study are consistent with the predictions derived from Akari's latest PK/PD model. Since enrollment for the youngest age cohort in the Part A pediatric study is not completed Akari is keeping the study open for this youngest group of pediatric patients while advancing the pivotal Part B study of nomacopan in the older pediatric patients. Akari participated in the FDA Model-Informed Drug Development program to refine the Akari PK/PD model suitability and doses for the Phase 3 clinical trial of nomacopan in pediatric HSCT-TMA. Clinical data from 38 subjects were included in the Akari PK/PD model, which was used to predict dosing for pediatric HSCT-TMA patients through 10,000 virtual patient simulations. These informed FDA MIDD interactions that confirmed PK/PD model suitability and doses selected for the nomacopan Phase 3 Part A clinical trial in pediatric HSCT-TMA. An expanded PK/PD model using data from 55 patients treated with nomacopan was reviewed in the recent Type C interaction with the FDA along with PK/PD data from the Part A study. "We made the important decision to not wait for Part A to be completed before we reached out to the FDA for Type C feedback on our next steps toward the pivotal study, an interaction which we had originally estimated would be mid-year 2023. This earlier feedback enabled the acceleration into the Part B clinical trial of nomacopan in pediatric HSCT-TMA," said Rachelle Jacques, President and CEO of Akari. "Our decision to initiate a new pipeline program to develop nomacopan as a potential treatment for adults with HSCT-TMA was also an important one and will support our pediatric program. The significant unmet need is shared among both children and adults with dismal outcomes and no approved treatment options."
ORCL UBER

Hot Stocks

08:07 EST Oracle, Uber announce seven-year strategic cloud partnership - Oracle (ORCL) and Uber Technologies (UBER) announced a seven-year strategic cloud partnership to accelerate Uber's innovation, help deliver new products to market, and drive increased profitability. Along with the OCI agreement, the strategic partnership includes other areas of collaboration between the two companies. Oracle will become a global Uber for Business client, selecting Uber as a preferred rideshare for its employees to travel and eat around the world. Uber and Oracle will also continue co-innovating on additional retail and delivery solutions that will evolve from the cloud partnership including consumer experiences with last-mile logistics.
SDC

Hot Stocks

08:07 EST SmileDirectClub launches CarePlus premium aligner offering - SmileDirectClub announced the launch of its new premium aligner treatment, CarePlus. Available now at select Partner Network dentist locations, CarePlus delivers a higher touch, tech-forward option in orthodontic care with greater flexibility and choice through a combination of both in-person and virtual patient management, value added services, and concierge-level care from SmileDirectClub's network of licensed dentists, orthodontists, hygienists, and dental assistants. To get started, CarePlus customers visit a participating Partner Network dental office for a 3D scan and dentist consultation to begin their clear aligner treatment, whether it's the Company's 22-hour regular-wear aligners or nighttime-only 10-hour program. Customers can pay the $3900 cost in full or choose the less than $115 monthly extended payment plan with the SmileDirectClub's FlexPay option.
FTXP

Hot Stocks

08:06 EST Foothills Exploration announces 21 well acquisition in Oklahoma - Foothills Exploration has acquired certain leases and wells located in Comanche County, Oklahoma. On January 31, 2023, the Company closed on the acquisition of twenty-one shallow oil and gas wells, all located in Comanche County, Oklahoma, situated across four leases. These stripper wells have an average depth of 1,200 feet and primarily produce from the Granite Wash formation. The Company's return-to-production program on these properties will consist of cleaning out existing wellbores, facility maintenance, electrical work and flowline repair work, which is expected to deliver collective production rates of 20-25 barrels of oil per day for all wells. Return-to-production operations are scheduled to begin immediately and each well is expected to return to production systematically, with new production projected to begin coming online sometime during the week of February 20th. Based on baseline projections and $75 oil prices, the Company expects to generate approximate revenues of $432,000 from these properties over the next 12 months. WHZ Oil & Gas, LLC, an indirect subsidiary of the Company will operate the properties. The Company is currently evaluating several additional oil-weighted properties in the area for potential bolt-on acquisitions. The Company also executed two additional agreements for certain asset acquisitions in Kansas and Oklahoma, which will significantly add to the Company's total well inventory and reserves. The Company's accounting team and auditors, RBSM, LLP, a PCAOB-registered accounting firm, continue to work through the auditing process and are currently focused on completing audits and review of financial statements up through the period ending December 31, 2022. Meanwhile, the Company is up-to-date with all of its required financial alternative report filings and is OTC Pink current. The Company expects to announce further details on timing with forward guidance regarding recently-completed synergistic asset acquisitions in the coming weeks.
JKHY

Hot Stocks

08:05 EST Jack Henry raises quarterly dividend 7% to 52c per share - The cash dividend on its common stock is payable on March 24 to stockholders of record as of March 8.
ABOS

Hot Stocks

08:05 EST Acumen completes enrollment in Phase 1 trial of ACU193 - Acumen Pharmaceuticals announced the completion of enrollment in its Phase 1 INTERCEPT-AD trial of ACU193 in patients with early Alzheimer's disease. Acumen is on track to report topline results, including safety and proof-of-mechanism data, in the third quarter of 2023, which is earlier than previously expected. "Today's announcement marks an important milestone for Acumen and the Alzheimer's community as we continue to explore ACU193 as a potential therapeutic option for people with early Alzheimer's disease," said Daniel O'Connell, President and Chief Executive Officer of Acumen Pharmaceuticals. "ACU193 builds on decades of scientific evidence that points to the role of soluble amyloid beta oligomers as primary and persistent toxins in Alzheimer's pathology. By targeting toxic oligomers, we hope to expand the understanding of targets beyond deposited amyloid plaques which we believe could provide patients with safer and more effective treatment options." The Phase 1 INTERCEPT-AD trial enrolled 65 subjects across 17 active sites in the United States.
UNVR

Hot Stocks

08:05 EST Univar Solutions, Kalsec enter exclusive distribution agreement - Univar Solutions Colombia, SAS, a subsidiary of Univar Solutions, and Kalsec have entered into an exclusive distribution agreement for Kalsec's full food ingredients product range in Colombia. Univar Solutions customers in Colombia now have access to a broader range of ingredient innovations focused on taste and sensory solutions, natural colors and coloring foodstuffs, and food protection business units.
OCUP

Hot Stocks

08:04 EST Ocuphire Pharma announces FDA acceptance of NDA for Nyxol - Ocuphire Pharma announced that the U.S. Food and Drug Administration, FDA, has accepted the New Drug Application, NDA, for Nyxol for the treatment of pharmacologically-induced mydriasis, RM. The FDA assigned a Prescription Drug User Fee Act, PDUFA, date of September 28, 2023. "The FDA's acceptance of the NDA submission and PDUFA date in late September for Nyxol sets the stage for an exciting 2023", said Mina Sooch, MBA, founder and CEO of Ocuphire Pharma. "We look forward to working closely with the FDA during the review process. If approved later this year, Nyxol eye drops will be the first prescription reversal drop available for patients in the US. In addition, we look forward to leveraging the synergies of this first NDA for Nyxol in potential supplementary NDAs for presbyopia and dim light vision disturbances indications in the future." The NDA filing is supported by positive results from the comprehensive MIRA clinical program collectively involving over 600 subjects, including the MIRA-1 Phase 2b trial, MIRA-2 and MIRA-3 Phase 3 pivotal trials, and MIRA-4 Phase 3 pediatric trial.
NVEI

Hot Stocks

08:04 EST Nuvei, Mercedes-AMG PETRONAS Formula One Team enter partnership - Nuvei Corporation and the Mercedes-AMG PETRONAS Formula One Team announce a multi-year sponsorship agreement that will commence ahead of the 2023 F1 season. From the 2023 Formula One season onwards, the Nuvei logo will appear on the helmet and overalls of the Mercedes-AMG PETRONAS Formula One Team drivers as well as pit crew overalls and team clothing. Nuvei will also be able to utilise team members, including drivers Lewis Hamilton and George Russell, and Team Principal and CEO Toto Wolff for its wider marketing activities for customers, clients, and beyond. Nuvei branding will be unveiled at the Team's 2023 F1 car launch later this week.
NVAX

Hot Stocks

08:03 EST Novavax, U.S. government extend partnership - Novavax announced a modification to its existing agreement with the U.S. Department of Health and Human Services, in collaboration with the Department of Defense, to deliver up to 1.5M doses of the Novavax COVID-19 Vaccine, Adjuvanted. This agreement will maintain the U.S. public's access to Novavax' vaccine and support the development of smaller dose vials, strain selection in line with U.S. FDA recommendations, and a smooth transition to the commercial market. The modified agreement also includes the development of an updated vaccine in fall 2023.
CORT

Hot Stocks

08:02 EST Corcept Therapeutics to pay $14M in settlement of class action litigation - Corcept Therapeutics announced that it has reached a preliminary settlement of all claims in the purported securities class action against Corcept and certain of its executive officers captioned Melucci v. Corcept Therapeutics Incorporated, et al., Case No. 5:19-cv-01372-LHK, which was pending in the United States District Court for the Northern District of California. Under the proposed settlement, Corcept has agreed to make a one-time payment of $14M, which will be covered in full by Corcept's insurers.
NEVDF

Hot Stocks

07:41 EST Nevada Copper provides update on restart, operations at Pumpkin Hollow - Nevada Copper provides an update on restart and operational activities for its Pumpkin Hollow underground copper mine. Randy Buffington, President & CEO of Nevada Copper, stated, "Our Pumpkin Hollow team is focused on advancing the restart project quickly and safely. We are building on the momentum of the recent achievements by the underground crews as they have progressed through the dike structure and are advancing into the EN Zone in anticipation of the underground development contractor arriving on site and commencing development. The technical and leadership teams are in place and committed to executing this restart plan. We are targeting a mill restart in the third quarter with a quick ramp up to nameplate capacity by the end of 2023."
PZZA

Hot Stocks

07:41 EST Papa John's unveils new product, Crispy Parm Pizza - Papa Johns announces the all-new Papa Johns Crispy Parm Pizza, a pizza with cheese underneath the crust. Papa Johns Crispy Parm Pizza features our thin crust seasoned with a blend of shredded parmesan-Romano cheeses and can be ordered with the customer's toppings of choice. "At Papa Johns, we pride ourselves on our dedication to innovation. For this product, we set our sights on one of the most fundamental pizza ingredients-cheese," said Kimberly Bean, VP of Menu Strategy & Calendar Planning. "We have taken cheese where we've never had it before-flipping the pizza over and putting it underneath the crust. In doing so, we are providing consumers with more ability to customize their pizza experience, while also enjoying a unique and surprising twist on a fan-favourite meal."
SLSSF

Hot Stocks

07:39 EST Solaris Resources reports updated sampling, assay results from Warintza Project - Solaris Resources reports updated geochemical sampling and assay results from follow-up holes at Warintza West within its Warintza Project in southeastern Ecuador. Jorge Fierro, Vice President, Exploration, commented: "First pass reconnaissance drilling at Warintza West outlined a broad zone of porphyry mineralization, with subsequent sampling identifying new potential for higher-grade mineralization to the north for future step-out drilling. The ongoing drill program is targeting MRE growth within the high-grade starter pit at Warintza Central, where results are expected shortly, and expanding the Warintza East discovery which adjoins Warintza Central."
MGA GM

Hot Stocks

07:38 EST Magna wins battery enclosures business from General Motors - Magna (MGA) announced that it has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV. The company will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Clair, Michigan, where it already produces the battery enclosure for the GMC HUMMER EV. Magna recently announced significant investment plans for the facility in St. Clair to support the fast-growing electric vehicle market. Production is expected to begin later in 2023. "The accelerating shift toward vehicle electrification opens up exciting growth opportunities for Magna beyond powertrain," said John O'Hara, President of Magna's body and chassis group. "We have been able to leverage our expertise to supply battery enclosures - a product for which we see strong potential going forward. We have our eye on the future and are proud to play such a critical role in GM's next generation of electric trucks."
BWAY...

Hot Stocks

07:37 EST Brainsway announces appointment of Beohm as new chairman - BrainsWay (BWAY) announced the appointment of Ami Boehm as Chairman of the Board. David Zacut, M.D., co-founder of BrainsWay, who has held the role of Chairman since the Company's inception, will now serve as a Director on the Board. From 2004 until 2022, he served as a partner at FIMI Opportunity Funds. He has served on the Board of numerous public and private companies, including Ormat Technologies (ORA) and Gilat Satellite Networks (GILT).
SSUMY

Hot Stocks

07:36 EST San Cristbal Mining completes acquisition of Minera San Cristobal - San Cristobal Mining announced that it has completed the acquisition of Minera San Cristobal S.A. and all of its associated assets from Sumitomo Corporation under the terms of a stock purchase agreement pursuant to which the Company acquired all the issued and outstanding shares of Comercial Metales Blancos AB, SC Minerals Bolivia S.R.L., former subsidiaries of Sumitomo which hold all of the equity interests in MSC. Acquisition Highlights: Acquisition of a globally significant mine; Silver-lead-zinc open pit sulphide mine, with a healthy approximate 7-year mine life; Oxide silver development project with potential to extend operational life through 2040; Exceptional exploration opportunities with potential to add considerable mineral resources. San Cristobal Mining plans to maintain and enhance the strong ESG programs currently in place at MSC, including continued membership within International Council on Mining and Metals. The Company is maintaining the current operational and management team in place at MSC to ensure a smooth transition of ownership To facilitate funding for the Transaction and working capital, San Cristobal Mining entered into funding agreements with Ocean Partners UK Limited and Trafigura Pte Ltd., and completed a non-brokered private placement.
JCI

Hot Stocks

07:35 EST Johnson Controls, PURO UV and Ushio team on UV-C technology efficacy research - Johnson Controls (JCI) and sustainable buildings, PURO Lighting, a subsidiary of Applied UV (AUVI) and Ushio America have announced a research collaboration to study the efficacy and safety of filtered far UV-C disinfection technology."The further validation of the safety and efficacy of filtered far UV-C technology presents tremendous opportunity for PURO to accelerate market adoption by sponsoring this critical research," said Brian Stern, president of PURO. "The research will help demonstrate the benefits and potential cost savings that continuous disinfection of air and surfaces can bring to workplace settings including hospitals, schools, government buildings, commercial offices, and other shared indoor spaces."
BWAY

Hot Stocks

07:34 EST Brainsway CEO Jako to pursue other opportunities, Levy to succeed - BrainsWay announced the appointment of Hadar Levy, the Company's Senior Vice President, SVP, and Chief Operating Officer, COO, and a member of BrainsWay's senior leadership team since 2014, as Chief Executive Officer, CEO. "Levy has been instrumental as a sales, financial and operational leader for the Company throughout his tenure at BrainsWay, previously serving as the Company's Chief Financial Officer and then General Manager North America, before assuming his role as SVP and COO," the company said. Levy succeeds Christopher von Jako, Ph.D., who has decided to step down from the Company to pursue other opportunities.
PHIO

Hot Stocks

07:33 EST Phio Pharmaceuticals regains compliance with Nasdaq listing rules - Phio Pharmaceuticals announced that it has received a letter from The Nasdaq Stock Market advising the Company that it has regained compliance with Nasdaq's minimum bid price listing requirement. Phio has satisfied the terms of the Nasdaq Listing Qualifications Panel by complying with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550, and all other criteria for continued listing. Accordingly, Nasdaq has advised that the matter is now closed.
IRWD

Hot Stocks

07:33 EST Ironwood granted priority review for Linzess sNDA from FDA - Ironwood announced that the FDA has granted priority review to the supplemental new drug application, or sNDA, for Linzess for the treatment of children and adolescents ages 6-17 years-old with functional constipation, or FC. The FDA has assigned the application a Prescription Drug User Fee Act or PDUFA, date of June 14th, four months earlier than the standard review cycle.
GRCL

Hot Stocks

07:31 EST Gracell: China's NMPA clears IND application for GC012F - Gracell Biotechnologies announced that the Center for Drug Evaluation of China's National Medical Products Administration has cleared Gracell's Investigational New Drug application for GC012F, an autologous CAR-T therapeutic candidate, for the treatment of relapsed/refractory multiple myeloma. Gracell plans to initiate a Phase 1/2, single-arm, open-label, multi-center trial in China in the third quarter of 2023 to further evaluate GC012F in RRMM patients. Following the U.S. FDA's clearance of Gracell's IND application announced on Feb. 3, Gracell also plans to initiate a Phase 1b/2 clinical trial in the U.S. in the second quarter of 2023.
MNDY

Hot Stocks

07:21 EST Appfire announces partnership with Monday.com - Appfire announces a partnership with monday.com, a work operating system where organizations of any size can create the tools and processes they need to manage every aspect of their work, to expand the monday.com app marketplace. This partnership will enable monday.com customers to find apps that fit the unique needs of their business workflows, processes, and projects - all in one place. With Appfire's track record of easy-to-use, powerful, and reliable apps for the world's most reputable tech companies, including, Atlassian, Microsoft Azure DevOps, Salesforce, Microsoft Teams and Slack, joining the monday.com marketplace ecosystem exemplifies Appfire's ongoing commitment to connect every team so they can plan and deliver their best work. To kick off the partnership, Appfire is planning multiple apps to optimize monday.com users' workflow and enable monday.com customers to address a wider set of use cases. The first apps to be released in the coming months will be Planning Poker and Dashboard Hub.
FURY

Hot Stocks

07:20 EST Fury Gold Mines defines six targets along the Cannard Deformation Zone - Fury Gold Mines provides an update on targeting at the wholly owned Lac Clarkie project immediately to the east of its 100% owned Eau Claire project in the Eeyou Istchee Territory in the James Bay region of Quebec. The Company has defined a total of eight gold targets through the completion of a B-horizon soil sampling program. Six of the targets lie along the Cannard Deformation Zone which hosts numerous gold occurrences along its greater than100 kilometre mapped extent including Fury's Eau Claire Deposit and Percival Property. Fury is working to prioritize these newly defined targets for follow-up in 2023 with the aim of advancing a number of these targets to the drill-ready stage. "The identification of eight new gold targets at the Lac Clarkie project is a significant step forward in our goal of creating an active pipeline of high-quality new discovery opportunities to complement the growing Eau Claire deposit. Importantly, six of the eight targets lay along the same extension of the productive and highly prospective Cannard Deformation Zone which also hosts the Percival Prospect and the Eau Claire Deposit," commented Tim Clark, CEO of Fury. "In the coming weeks, we will be announcing our 2023 exploration plans which will focus on expanding our recent drilling successes as well as bringing several discovery opportunities throughout our portfolio to the drill-ready stage. Fury is well funded with C$9.3 million in the treasury, no debt, and approximately C$60 million worth of marketable securities held in shares of Dolly Varden Silver."
FWBI

Hot Stocks

07:20 EST First Wave BioPharma issues letter to stockholders - First Wave BioPharma announced that James Sapirstein, Chairman, President and CEO of First Wave BioPharma, has issued a Letter to Stockholders providing an update on the Company's clinical programs and recent events. "We look forward to 2023 after a challenging 2022 when small biotechnology companies endured one of their worst years on record. First Wave BioPharma was not immune to this unfortunate trend, but we weathered the storm. We look forward to capitalizing on several growth drivers in 2023 and reaching our next clinical milestone... Key to our value proposition is the advancement of our adrulipase program. We are excited to have initiated our Phase 2 clinical trial investigating a new enteric microgranule formulation of adrulipase as a potential treatment for exocrine pancreatic insufficiency associated with cystic fibrosis and chronic pancreatitis. Patients are now being screened at three clinical trial sites with dosing expected to begin by mid-February. This timeline should enable us to announce topline results sometime in mid-2023... The Phase 2 multi-center study is designed to investigate the safety, tolerability and efficacy of our enhanced formulation of adrulipase in a titrated dose-escalation study involving an estimated twelve patients. The primary efficacy endpoint is the coefficient of fat absorption, with secondary endpoints of stool weight, signs and symptoms of malabsorption, and coefficient of nitrogen absorption... We are eager to test our new formulation of adrulipase in the Phase 2 clinical trial in what we hope is a springboard to advancing adrulipase through a pivotal Phase 3 clinical trial, towards a Biologics License Application, and then potential future commercialization. Our ultimate goal is to provide those suffering from EPI with a therapeutic option that better addresses the numerous, debilitating symptoms they experience on a daily basis and improves their nutritional health and quality of life. If successful, we believe adrulipase has the potential to supplant porcine PERT as the standard of care for EPI associated with CF and CP in an estimated $2.2 billion global market. We recently filed a U.S. Provisional Patent application involving the composition of matter improvements designed to enhance adrulipase's delayed release profile... Our IP protection extends into the 2042-2043 timeframe....In parallel with the clinical, regulatory and IP activities for adrulipase, First Wave has now completed a lengthy, multi-step process to maintain our listing on the Nasdaq Capital Market... Focused on Completion of Adrulipase Phase 2 Trial in 2023. In closing, the past twelve months have been a difficult time for us and biotechnology stocks of all sizes. We have survived those challenges. The Company has significantly reduced its operational spend and headcount and is focused on the successful completion of our Phase 2 trial, a potential value-building event.
IMV

Hot Stocks

07:18 EST IMV Inc. announces preliminary results from VITALIZE trial - IMV Inc. announced preliminary data from the VITALIZE Phase 2B trial evaluating its lead DPX product, maveropepimut-S, or MVP-S, in combination with pembrolizumab in patients with relapsed, refractory Diffuse Large B Cell Lymphoma, or r/r DLBCL. Key initial findings from the ongoing VITALIZE trial: eight patients with an ECOG1 score of 0-1 have been enrolled in arm 1 of the study. Of these, 6 have so far been evaluable for efficacy; of these six evaluable patients, three patients showed confirmed complete responses, one patient was assessed with stable disease as best response and two patients were assessed with progressive disease as best response and two patients with poor level of baseline functionality failed to stay on study through to the first scan and therefore could not be evaluated. Overall Response Rate will be communicated when the totality of stage one data are available for definitive assessment.
KGC

Hot Stocks

07:16 EST Kinross: Mineral resource of 2.7 Moz. indicated, 2.3 inferred for Great Bear - Kinross Gold announce an initial mineral resource estimate for its 100% owned Great Bear project located in Ontario, Canada. The initial mineral resource estimate consists of 2.737 Moz. of indicated resources and 2.290 Moz. of inferred resources. Additionally, the majority of the resource is contained in a high-grade core illustrated in the table below, which is a subset of the resource with cut-off grades increased to 0.9 g/t in the open pit and 3.5 g/t in the underground. Kinross plans to target this higher-grade mineralization in the early years of potential production. Kinross' focus for 2022 was drilling the first ~500 metres at the LP Fault zone to increase confidence in the upper portion of the deposit and facilitate the delivery of the initial mineral resource. The Company drilled over 250 kilometres in 2022, including 225 kilometres of diamond exploration drilling. Combined with the drilling completed by Great Bear since 2018, a total of over 550 kilometres of drilling has now been completed on the property. The results continue to support Kinross' view that the LP Fault zone is expected to host a long-life, high-grade, open-pit and underground mine. Kinross completed comprehensive data analysis to build high quality lithology, alteration, and structural models which feed the Company's mineral resource estimation domains. Kinross also completed a 35-kilometre confirmatory grade control program on a tighter spaced 8 by 10 metre grid with larger diameter holes as compared to the exploration drilling. This program, which covers approximately 1.5 million tonnes of the open pit resource, was used to verify the Great Bear resource model, providing a high level of confidence in our stated resource, which is important given the high amount of visible gold in the deposit.
CHKP

Hot Stocks

07:15 EST Check Point Software introduces Quantum SD-WAN - Check Point Software Technologies has introduced Check Point Quantum SD-WAN, a new software blade in the Check Point Quantum Gateways. Check Point Quantum SD-WAN combines the highest level of security with optimized network and internet connectivity to protect branch offices from fifth generation of cyberattacks. According to the latest Miercom report, Check Point Quantum gateways block 99.7% of new malware and phishing attacks while preventing zero-days and ransomware attacks. Deployed at the branch level, it offers an affordable solution that provides the highest level of security, while also optimizing connectivity for users and over 10,000 applications.
APRE

Hot Stocks

07:14 EST Aprea Therapeutics announces one-for-twenty reverse stock split - Aprea Therapeutics announced a one-for-twenty reverse stock split of the Company's common stock, par value $0.001, which became effective at 5:00 pm Eastern Time on February 10, 2023. The Company's common stock will trade on the Nasdaq Global Select Market on a split-adjusted basis beginning on February 13, 2023, under the Company's existing trading symbol "APRE". The Company is implementing the reverse stock split as planned to increase the per share price of its common stock to regain compliance with the listing requirements of the Nasdaq Global Select Market. The reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 53,631,405 to approximately 2,681,570. There will be no change to the number of authorized shares or the par value per share. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder's percentage ownership interest in the Company, except to the extent that the reverse stock split results in any of the Company's stockholders owning a fractional share.
HILS

Hot Stocks

07:13 EST Hillstream BioPharma signs exclusive option agreement with ABSI - Hillstream BioPharma announced signing an exclusive option agreement with Applied Biomedical Science Institute, ABSI, to license technology for HER2 and HER3 Conformational Domain Bridging Epitopes in human monoclonal antibodies to develop proprietary multi-format biologics against drug resistant cancers including HER2-positive metastatic breast cancer, gastric cancer, lung cancer and ovarian cancer. The ErbB family of cell surface proteins are some of the most well-known and validated oncology drug targets including ErbB2 or HER2 and Erb3 or HER3. HER2 is also one of the most utilized targeting antigens for antibody drug conjugates to treat HER2 positive cancers with two approved antibodies. The Applied Biomedical Science Institute has developed technology to target unique functional epitopes of the cancer targets HER2 and HER3. Monoclonal antibodies being developed at ABSI are unique from the currently approved anti-HER2 antibodies. ABSI has granted under an exclusive option agreement to Hillstream, certain of its proprietary technology which if converted to an exclusive license agreement, will allow Hillstream to develop HER2 and HER3 antibodies, including multi-specific and Quatramer- based therapeutics incorporating portions of the antibodies. "We look forward to this unique opportunity to work with Dr. Smider and the Applied Biomedical Science Institute," said Randy Milby, CEO of Hillstream. "This agreement allows Hillstream to build our antibody platform to advance our immune-oncology biologic pipeline with HER2 and HER3 agents targeting highly aggressive drug resistant metastatic tumors, representing a major unmet need for patients."
JCI AUVI

Hot Stocks

07:12 EST Johnson Controls, PURO UV, Ushio announce research collaboration - Johnson Controls (JCI), PURO Lighting, a subsidiary of Applied UV, (AUVI), and Ushio America, have announced a research collaboration to study the efficacy and safety of filtered far UV-C disinfection technology. The research agreement, which includes technologies and products from PURO and Ushio, will focus on the testing of regulatory-approved filtered far UV-C lighting technologies. The research will be initiated by leading U.S.-based universities and certified laboratories over the next 3-6 months. Because of the importance of this research to public health and well-being, the results will be made publicly available and shared broadly to inform customer choices and public policy.
VIRI

Hot Stocks

07:11 EST Virios announces exploratory long-COVID trial data available in June 2023 - Virios Therapeutics announced that it expects top-line results from its Phase 2 Post-Acute Sequelae of COVID-19 exploratory clinical trial to be available in June 2023. This study will assess the potential of the antiviral combination of valacyclovir and celecoxib to provide symptomatic improvements in patients suffering from Long-COVID when added to standard of care therapy. Outcomes being assessed in this study include fatigue, sleep, attention, pain, autonomic function, memory and anxiety. Prevalence estimates suggest over 600 million people worldwide have been infected with COVID-19; As many as 30% of COVID-19 patients will experience some degree of PASC symptoms; SARS-CoV-2 infection appears to be a potent trigger for reactivation of latent herpes virus infection; Neurocognitive impairment and fatigue have been linked to reactivation of the Epstein-Barr form of herpes virus. This study is supported via an unrestricted investigational grant to the Bateman Horne Center, a non-profit, interdisciplinary Center of Excellence advancing the diagnosis and treatment of myalgic encephalomyelitis/chronic fatigue syndrome, fibromyalgia, post-viral syndromes including Long-COVID, and related comorbidities.
CLNN

Hot Stocks

07:09 EST Clene reports new data from VISIONARY-MS Phase 2 study - Clene and its wholly owned subsidiary Clene Nanomedicine, a clinical-stage biopharmaceutical company focused on revolutionizing the treatment of neurodegenerative diseases, announced updated MRI results from the Phase 2 double-blinded, 48-week treatment period of the VISIONARY-MS trial in multiple sclerosis, MS, patients. These exploratory MRI results support the previously reported statistically significant clinical improvements in low contrast vision and global neurological function in stable relapsing MS patients reported in the mITT population. VISIONARY-MS investigated the efficacy and safety of CNM-Au8 versus placebo over 48 weeks in stable relapsing remitting MS participants with chronic optic neuropathy. Due to limited enrollment because of the COVID pandemic, the threshold for significance was pre-specified at p=0.10 prior to database lock and submitted to the FDA in the statistical analysis plan. The study was designed to investigate the hypothesis that supporting neuronal energy metabolism protects neurologic function in patients with MS. The MRI findings provide evidence of brain neuronal structural integrity assessed by diffusion tensor imaging that demonstrated statistically significant results for key metrics of axonal integrity and white matter integrity, independent of an immunomodulatory effect. Results include all participants with advanced MRI data collection. Robert Glanzman, MD, FAAN, Clene's Chief Medical Officer, said, "Importantly, these data further reinforce our hypothesis that improving brain energetic metabolism results in improved neurological structure and function when CNM-Au8 is administered as adjunct to standard immunomodulatory disease-modifying MS therapies. Clene plans to initiate a fully powered Phase 3 study to demonstrate improved global neurological function in patients with progression independent of relapse activity, the most urgent unmet need in MS today, in collaboration with a development partner. We look forward to presenting these MRI data at the upcoming forum for Americas Committee for Treatment and Research in Multiple Sclerosis taking place February 22-25, 2023."
HOOK RHHBY

Hot Stocks

07:09 EST Hookipa Pharma achieves $10M milestone payment under Roche collaboration - HOOKIPA Pharma (HOOK) announced that it has achieved a $10 million non-dilutive milestone payment under its collaboration agreement with Roche (RHHBY) to develop HB-700, a novel arenaviral immunotherapy for KRAS-mutated cancers. The success-based milestone payment reflects the start of the HB-700 manufacturing process to support a Phase 1 clinical trial. HOOKIPA plans to submit an Investigational New Drug Application to the U.S. Food and Drug Administration in the first half of 2024. In October 2022, HOOKIPA and Roche announced a strategic collaboration agreement to license and develop HB-700 for KRAS-mutated cancers and an option for a second, undisclosed arenaviral immunotherapy. Through the collaboration, HOOKIPA is conducting research and early clinical development through Phase 1b for HB-700. Upon the completion of the Phase 1b trial, Roche has the right to assume development responsibility and to commercialize licensed products across multiple indications upon approval. Under the collaboration, HOOKIPA is eligible for research, development and commercialization milestone-based payments up to approximately $930 million for both programs, plus royalties.
BORR

Hot Stocks

07:08 EST Borr Drilling awarded new contract, two extensions for jack-up drilling rigs - Borr Drilling announced it has been awarded a new contract and two extensions for its premium jack-up drilling rigs "Ran", "Gerd" and "Natt". These awards increase the company's firm backlog by approximately 625 days, excluding unexercised optional periods. The premium jack-up drilling rig "Ran" has secured a contract with Fieldwood Energy for work in Mexico. This contract will cover a firm scope of two wells with an estimated duration of 50 days, and one optional well with an estimated duration of 75 days. The firm work has an estimated contract value of $7.5M, excluding mobilization and demobilization. The contract is expected to commence in June in direct continuation of the rig's ongoing contact, and is expected to keep the rig contracted until Q4 when it will start its subsequent contract, as previously disclosed by the company. The premium jack-up drilling rig "Gerd" had certain priced and unpriced options exercised by Addax, extending the contract by a total period of ten months. This extension is expected to maintain the rig contracted until the end of January 2024 and has an estimated contract value of $40M. No further options are available under this contract. Lastly, the premium jack-up drilling rig "Natt" had three well options exercised by ENI, extending he contract by an estimated period of 270 days. This extension is expected to maintain the rig contracted until Q1 2024 and has an estimated contract value of $22.7M.
ZNTL GSK

Hot Stocks

07:07 EST Zentalis announces appointment of Roth as COO - Zentalis Pharmaceuticals (ZNTL) announced the appointment of Iris Roth, PhD, as Chief Operating Officer, COO. Dr. Roth joins Zentalis with over two decades of biopharmaceutical experience building and executing clinical and operational strategies. Dr. Roth joins Zentalis from GlaxoSmithKline (GSK), where she served as Vice President, Medicine Development Leader.
TLRY

Hot Stocks

07:07 EST Tilray's Good Supply cannabis brand launches new product lineup - Tilray Brands announced the expansion of their Good Supply cannabis brand portfolio and the launch of their latest flower campaign. The brand's latest product releases include larger packs of pre-rolls, new pre-roll strains, and new hash and milled flower products, available in select provinces across Canada. Good Supply's latest product lineup includes: Orange Frosting Flower: Full of orange and floral aromas thanks to its rich and unique terpene profile, this new Sativa-leaning Hybrid delivers on uplifting enjoyment. Available in Ontario only in 14g. Daily Grind Milled Flower: The Daily Grind was designed to be as easy as it gets, because let's face it, life is hard. Whole flower buds are milled to be a consistent and versatile size. Available in Alberta in 30g, and Ontario, Manitoba and Saskatchewan in 14g. Party Pack Pre-Rolls: Created for the convenience of the daily cannabis user, Good Supply's new 10 and 14 pack pre-rolls are available in Sweet Berry Kush and Orange Frosting strains. Available in Ontario, Alberta, Manitoba, and Saskatchewan. Watermelon Pre-rolls: A new pre-roll strain that's full of flavour. Relax with this well-rounded Indica, featuring a medley of dominant caryophyllene, humulene and myrcene terpenes. Available for a limited time only in British Columbia, Manitoba and Saskatchewan as a 3x0.5g pre-roll offering. Temple Ball Hash: Old world meets new with this Nepalese-style Temple Ball Hash. A hand-rolled 2g ball with a shiny, dark brown exterior, and potent THC. Break it open and it oozes aromatics that complement its colour and texture. You might even say we're bringing Temple Ball Hash back to the future. Available in Ontario, Alberta, Manitoba and Saskatchewan.
NRXP

Hot Stocks

07:05 EST NRx Pharmaceuticals reports NRX-10 SPA granted in 2019 remains in effect - NRx Pharmaceuticals reported the minutes of a Type B meeting with the FDA's Division of Psychiatry Products held on January 11. The purpose of the meeting was to discuss requirements for submission of a new drug application for NRX-101. FDA noted in written correspondence that the Special Protocol Agreement, or SPA, granted in April 2019 remains in effect. Additionally, the FDA suggested during the meeting that a broadening of the addressable population of the indication to patients with Severe Bipolar Depression and Recent Acute Suicidality regardless of how the initial stabilization was accomplished could represent a more straightforward development program. This broader indication would enable the company to potentially demonstrate the use of NRX-101 to maintain stabilization from suicidality in patients stabilized either with ketamine or with other standard of care therapeutic approaches. This broader indication is not expected to delay the acute care trial expected to be completed in 2023. FDA noted that, should the results of such a study be driven primarily by subjects stabilized with ketamine, a New Drug Application for ketamine would also be required. The FDA further guided the company to broaden the study of NRX-101 to include chronic/intermittent treatment of patients with Bipolar Depression and suicidality. This could enable a pathway for the use of NRX-101 by a broader segment of the approximately 7M individuals in the U.S. with Bipolar Disorder on a long-term basis. A portion of this population is already being addressed in the Company's ongoing phase 2 trial, which recently passed its first Data Safety Monitoring Board, or DSMB, safety review. Based on this guidance, the Company is considering expanding its current phase 2 clinical trial to a potential registration study now that the manufacture of phase 3/commercial-stage NRX-101 has been completed. The company previously announced completion of a Type C meeting in which FDA agreed to the Company's Chemical Manufacturing Control and stability program for drug manufacture. As previously announced, the Company currently expects a DSMB evaluation of efficacy data from this trial by the end of Q1. The FDA further advised the company that as a chronic, or chronic-intermittent treatment, the safety database requirement under ICH guidelines for NRX-101 should be 1,500 patients, with at least 100 treated for 1 year. The company is evaluating the timing and cost of expanding clinical access to this larger population. In addition to its ongoing clinical trials, the company is considering augmenting its safety database via an expanded access program, which is now enabled by the availability of commercial-stage NRX-101 and is expected under federal law governing Breakthrough Therapy Designation. The company will seek cost reimbursement for operating this Expanded Access Program as permitted under current FDA regulations. In related comments, the FDA accepted the company's rationale for deferring pediatric and adolescent studies with NRX-101 until after drug approval and advised the company to include this rationale in its regulatory filings. The FDA will consider the company's submission of an Advice Request to evaluate waiving or deferring chronic carcinogenicity testing as a post-approval commitment. Finally, the FDA's Controlled Substances Staff advised the company to closely monitor abuse-related adverse events and possible cases of abuse during clinical trials.
ROIV

Hot Stocks

07:05 EST Roivant Sciences announces major upcoming milestones - Major Upcoming Milestones: Roivant plans to announce data from the chronic therapy period of the ongoing TUSCANY-2 study of RVT-3101 for ulcerative colitis in the first half of calendar year 2023. Dermavant expects to report topline data from the first Phase 3 trial of VTAMA for the treatment of atopic dermatitis in March 2023, with topline data from the second Phase 3 trial expected in May 2023. Immunovant plans to initiate a Phase 1 clinical trial for IMVT-1402 in early calendar year 2023 contingent on clearance of its Investigational New Drug application, with initial data results from this Phase 1 trial expected to be available in mid-calendar year 2023. Immunovant expects to have top-line results from the ongoing MG trial in the second half of calendar year 2024 and from the TED program, consisting of two Phase 3 clinical trials, in the first half of calendar year 2025. Immunovant also expects initial data from period 1 of the Phase 2B trial in CIDP to be available in the first half of calendar year 2024. Immunovant expects to initiate a Phase 2 clinical trial to evaluate batoclimab for the treatment of Graves' disease in early calendar year 2023 with initial results expected in the second half of calendar year 2023. Priovant plans to announce topline results from the potentially registrational trial evaluating brepocitinib for the treatment of patients with SLE in the fourth quarter of calendar year 2023. Priovant also expects to announce topline results from the Phase 3 trial in DM in calendar year 2025. Hemavant plans to announce data from the ongoing open-label Phase 1/2 trial evaluating RVT-2001 for the treatment of transfusion-dependent anemia in lower-risk MDS patients in the second half of calendar year 2023. Kinevant plans to report topline data from the ongoing Phase 2 trial of namilumab for the treatment of sarcoidosis in the first half of calendar year 2024.
TNXP

Hot Stocks

07:04 EST Tonix Pharmaceuticals annunces exclusive license of Anti-SARS-CoV-2 mAbs - Tonix Pharmaceuticals Holding exercised an option to obtain an exclusive license from Columbia University for the development of a portfolio of fully human and murine monoclonal antibodies for the treatment or prophylaxis of SARS-CoV-2 infection. SARS-CoV-2 is the cause of COVID-19. The licensed mAbs were developed as part of a research collaboration and option agreement between Tonix and Columbia University, originally announced in 2020. Although five mAb products containing seven distinct mAbs received emergency use authorization from the U.S. Food and Drug Administration for either treatment or prophylaxis of COVID-19, none remain useful or available since January 26, 2023, when the FDA announced that the last remaining mAb, Evusheld, is no longer authorized4. Previously, either the National Institutes of Health COVID Treatment Guidelines Panel or FDA had removed recommendations or approvals for the other mAbs5,6. To date, the formerly EUA-approved products were derived from the blood of COVID-convalescent patients or humanized mice7-9. The fully human mAbs generated by Columbia University, TNX-3600, have been isolated using a proprietary system involving a human hybridoma fusion partner. The Company believes that murine mAbs, such as TNX-4100, have the potential to generate high affinity antibodies that recognize different epitopes on the SARS-CoV-2 spike protein. This is because mice have a different repertoire of antibodies than humans and the technology for generating antibodies optimizes the selection of appropriate B cells by the timing of immunization, harvesting approach and screening platform.
STKH

Hot Stocks

07:04 EST Steakholder Foods announces patent approval in Canada - Steakholder Foods is proud to announce that it has received approval for its patent on Physical Manipulation of Cultured Muscle Tissue in Canada. This patent, which has already been granted in the US, Australia, and New Zealand, covers systems and methods for applying external forces to muscle tissue, resulting in the development of high-quality complex structured meat.
FIS

Hot Stocks

07:04 EST FIS provides update on Enterprise Transformation Program - The company is increasing its cash savings target as part of the previously announced Enterprise Transformation Program, now branded Future Forward, from $500M+ to $1.25B of expected cash savings by year end 2024, consisting of $600M of operating expense savings, $300M of capital expense savings and $350M of savings from the reduction or elimination of acquisition, integration and transformation-related expenses, in each case prior to the effects of the proposed spin-off of the Merchant Solutions business.
FXNC

Hot Stocks

07:02 EST First National Corporation raises quarterly dividend 7% to 15c per share - The Board of Directors of First National Corporation declared a quarterly cash dividend of $0.15 per share on February 8, 2023. This was a 7% increase compared to the quarterly dividend paid on December 16, 2022. The dividend is payable on March 10, 2023, to shareholders of record as of February 24, 2023.
FIS

Hot Stocks

07:02 EST FIS plans for Worldpay separation to be completed within next 12 months - FIS announced plans to pursue a tax-free spin-off of its Merchant Solutions business "to strengthen its strategic and operational focus, capitalize on growth opportunities and unlock shareholder value." Through this transaction, FIS shareholders will receive a pro rata distribution of shares of Worldpay stock in a transaction that is expected to be tax-free to FIS and its shareholders for U.S. federal income tax purposes. The actual number of shares to be distributed to FIS shareholders will be determined prior to closing, as will the specific transaction structure. FIS is planning for the separation to be completed within the next 12 months. The proposed separation is subject to customary conditions, including final approval by the FIS Board of Directors, receipt of a tax opinion and a private letter ruling from the Internal Revenue Service, the filing and effectiveness of a Form 10 registration statement with the U.S. Securities and Exchange Commission and obtaining of all required regulatory approvals. "No assurance can be given that a spin-off will in fact occur on FIS' desired timetable or at all," the company stated.
AXGN

Hot Stocks

07:02 EST AxoGen appoints Jens Schroeder Kemp as CMO - Axogen announced the appointment of Jens Schroeder Kemp to the newly created role of Chief Marketing Officer. As a member of the Axogen executive leadership team, Kemp will report directly to Karen Zaderej, Chairman, CEO and President, and will oversee the development and execution of the company's marketing strategies. Mr. Kemp most recently served as Vice President of Marketing for Ambu Inc, where he led Ambu's marketing efforts to create the single use endoscopy market across multiple clinical applications.
FIS

Hot Stocks

07:01 EST FIS announces plans to spin off merchant business - FIS announced plans to pursue a tax-free spin-off of its Merchant Solutions business "to strengthen its strategic and operational focus, capitalize on growth opportunities and unlock shareholder value." Through this transaction, FIS shareholders will receive a pro rata distribution of shares of Worldpay stock in a transaction that is expected to be tax-free to FIS and its shareholders for U.S. federal income tax purposes. The actual number of shares to be distributed to FIS shareholders will be determined prior to closing, as will the specific transaction structure. FIS is committed to optimizing strong capital allocation strategies for each business that align with each business's long-term goals. Further details related to transaction costs and the companies' respective capital structures, governance and other elements of the transaction will be announced at a later date. FIS said: "The two companies expect to maintain a strong commercial relationship, preserving a key value proposition for clients of both businesses. FIS expects the spin-off to be completed within the next 12 months. FIS' Board and management determined as part of their previously announced and ongoing strategic review that a spin-off of Merchant Solutions, to be named Worldpay, offers the best path to enhance shareholder value, including by: Increasing strategic and operational focus to capitalize on growth and margin potential; Aligning capital allocation and capital structures with long-term growth targets and underlying market needs, including potentially participating in M&A; Enhancing the ability to align talent with shareholder returns, including through competitive and focused equity compensation programs." Upon completion of the proposed spin-off, the Merchant Solutions business will operate as Worldpay. FIS announced Charles Drucker has been appointed as a strategic advisor to aid with the spin-off process, effective immediately. The Company also announced today that, if the spin-off is completed as expected, he will serve as CEO of Worldpay. "Worldpay, the largest global merchant acquirer by transactions with $2 trillion in payments volume in 2022, will remain a leading provider of integrated payment technology solutions for eCommerce, enterprise, and small and medium sized businesses. Worldpay is a leader in cross-border eCommerce, with $4.8 billion of revenue and $2.3 billion of Adjusted EBITDA in 2022. The business' revenue was comprised of 43% enterprise, 27% SMB, and 30% eCommerce in 2022. As an independent, publicly traded company, Worldpay is well positioned to benefit from exposure to secular high-growth markets globally, extensive domain expertise and portfolio breadth, strong long-term and marquee client relationships, and global distribution and scale," the company said. "Following the proposed spin-off, FIS will remain a leading provider of financial technology solutions for financial institutions, capital markets firms, clients and corporates globally. FIS' Banking and Capital Markets businesses generated $9.5 billion of revenue and $4.2 billion of Adjusted EBITDA in 2022, excluding Corporate and Other. The Company will continue to benefit from its strong brand in the financial services sector, extensive domain expertise and portfolio breadth, strong long-term and marquee client relationships, and its global distribution and scale. As a simpler, more focused organization, FIS will be better-positioned to deliver compounding returns by leveraging its best-in-class suite of banking and capital markets technology solutions to meet individualized client needs," the company added.
BALY

Hot Stocks

06:58 EST Bally's CEO Lee Fenton to step down, Robeson Reeves to succeed - Bally's announced that Lee Fenton, CEO, will step down and Robeson Reeves, president - interactive, will take over as CEO, effective March 31. Fenton became CEO of Bally's on October 1, 2021 following the acquisition of Gamesys Group PLC where he had been CEO since 2015. Fenton will also step down from the Bally's board of directors.
IREN

Hot Stocks

06:51 EST Iris Energy increases self-mining capacity from 2.0 EH/s to 5.5 EH/s - Iris Energy announced it is increasing its self-mining capacity from 2.0 EH/s to 5.5 EH/s. Key Highlights include: $67M of remaining Bitmain prepayments utilized to acquire 4.4 EH/s of new S19j Pro miners without any additional cash outlay; newly acquired miners to be installed in the Company's data centers, increasing self-mining operating capacity from 2.0 EH/s1 to 5.5 EH/s over the coming months; considering options for the sale of surplus miners to re-invest in growth initiatives and/or corporate purposes. Iris Energy has successfully utilized remaining prepayments of $67M under its 10 EH/s contract with Bitmain, including a concurrent sale of 2.3 EH/s of the remaining 6.7 EH/s contracted miners to a third party, to acquire 4.4 EH/s of new S19j Pro miners without any additional cash outlay. The Company's 180MW of data center capacity across British Columbia and Texas is expected to power 5.5 EH/s of high efficiency S19j Pro miners over the coming months. The Company is also considering options for the sale of surplus miners to re-invest in growth initiatives and/or corporate purposes. Following the transaction, the Group's obligations under its existing 10 EH/s contract with Bitmain have been fully resolved, with no remaining commitments. The Group remains debt free. The Company also expects energization of its 600MW site at Childress in the coming months, including completion of the first 20MW of data center capacity. Approximately $18M in previous deposits with AEP Texas are expected to be refunded following energization at Childress.
SNY

Hot Stocks

06:43 EST Sanofi Global Head of R&D leaving company to pursue new opportunity - Sanofi announced that Dr. John Reed, its Global Head of R&D, will be leaving the company to pursue a new opportunity outside Sanofi. "The company warmly thanks Dr. Reed for his leadership over these last years. Since joining Sanofi in 2018, John has laid the foundation for the company's R&D transformation. He helped reshape Sanofi's discovery and development of therapeutics, focusing efforts on first and best in class medicines that have the potential to transform the practice of medicine and improve the lives of people with serious diseases, whilst managing the integration and development of new technology platforms and partnerships, and driving R&D productivity. In 2023, Sanofi will launch two first or best-in-class medicines that will address major needs in hemophilia and respiratory syncytial virus. The company expects in the next 15 months 27 scientific readouts and two pivotal readouts in multiple sclerosis and COPD/chronic bronchitis, also within this year. A clear step forward in Sanofi's scientifically-driven roadmap. While an internal and external search has already started to identify the successor to Dr. Reed, Dr. Dietmar Berger, has agreed to take the leadership of the team ad interim. Dr. Berger has been serving as Chief Medical Officer and Global Head of Development since he joined Sanofi in 2019, after an extensive and successful career at various other pharmaceutical companies including Genentech, Bayer and Amgen," the company stated.
LEV

Hot Stocks

06:37 EST Lion Electric enters financing agreement with Mitsubishi HC, ENGS - Lion Electric announced that the company has entered into an agreement with Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, and its related company, ENGS Commercial Finance Co, to provide financing solutions to Lion school bus and truck customers in the United States and Canada through LionCapital Solutions' vehicle financing program. LionCapital Solutions' turnkey financing solutions can provide for up to 100% of fleet electrification costs, including the initial cost of the vehicle, charging infrastructure and installation, and thus can potentially completely eliminate upfront capital requirements for fleets to transition to electric vehicles.
BTG

Hot Stocks

06:35 EST B2Gold announces acquisition of Sabina Gold & Silver - B2Gold and Sabina Gold & Silver announced that the parties have entered into a definitive agreement pursuant to which B2Gold has agreed to acquire all of the issued and outstanding shares of Sabina. The Transaction will result in B2Gold acquiring Sabina's 100% owned Back River Gold District located in Nunavut, Canada. The Back River Gold District consists of five mineral claims blocks along an 80 kilometre belt. The most advanced project in the district, Goose, is fully permitted, construction ready, and has been de-risked with significant infrastructure currently in place. B2Gold has strong northern construction expertise and experience to deliver the fully permitted Goose project and the financial resources to develop the significant gold resource endowment at the Back River Gold District into a large, long life mining complex. Under the terms of the Transaction, B2Gold will issue 0.3867 of a common share of B2Gold for each Sabina common share held, representing consideration of C$1.87 per Sabina Share on a fully-diluted basis and a total equity value for Sabina of approximately C$1.1B based on the closing price of B2Gold on the Toronto Stock Exchange as of February 10. The consideration implies a premium of 45% to the 20-day volume weighted average prices of each of B2Gold and Sabina on the TSX as of February 10, 2023. Furthermore, the consideration implies a premium of 45% to the closing price of Sabina on the TSX as of February 2, 2023, the date the non-binding letter of intent was signed.
HUT...

Hot Stocks

06:34 EST Hut 8 Mining mines188 Bitcoin in January - Hut 8 Mining mined 188 Bitcoin in the period ending January 31. In total,188 Bitcoin were generated, resulting in an average production rate of approximately 6.1 Bitcoin per day. Total bitcoin balance held in reserve as of January 31 is 9,274, and further to our announcement on February 7, we expect to sell our January Bitcoin production to fund operating costs. Installed ASIC hashrate capacity at our Alberta facilities was 2.5 EH/s at the end of the month. Hut 8 produced 75.2 BTC/EH in January.
MVLA

Hot Stocks

06:32 EST Movella announces trading of common stock on Nasdaq Global Market - Movella Holdings will begin trading its common stock and warrants on the Nasdaq Global Market under the ticker symbols "MVLA" and "MVLAW", respectively, February 13, following its successful merger with Pathfinder Acquisition Corp., on Feb. 10.
HSIC

Hot Stocks

06:31 EST Henry Schein announces $400M share repurchase - Henry Schein announced that its Board of Directors has authorized the repurchase of up to $400M of shares of the company's common stock. This program is in addition to the $400M repurchase program announced in August 2022, which is anticipated to be fully executed by the end of the first quarter of 2023.
GTHX

Hot Stocks

06:30 EST G1 Therapeutics falls 33% to $4.75 after discontinuing phase 3 PRESERVE 1 trial
SRNE

Hot Stocks

06:17 EST Sorrento Therapeutics files for Chapter 11 bankruptcy in Texas - Sorrento Therapeutics files for Chapter 11 bankruptcy protection in the Southern District of Texas, according to a regulatory filing. "To protect the Company's business and maximize its value, on February 13, 2023, the Company and its wholly-owned direct subsidiary, Scintilla Pharmaceuticals, Inc., commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. The Debtors have requested that the Chapter 11 proceedings be jointly administered under the caption In re Sorrento Therapeutics, Inc., et al. The Debtors continue to operate their business in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. The Debtors intend to seek approval of a variety of "first day" motions containing customary relief intended to assure the Debtors' ability to continue their ordinary course operations during the Chapter 11 Cases."
CHCT

Hot Stocks

06:08 EST Community Healthcare CEO Timothy Wallace to take medical leave - Community Healthcare announced that Timothy Wallace is taking a medical leave of absence from his roles as chairman of the board, CEO and president of the company, effective as of February 10 due to complications from a peptic ulcer. The board of directors has appointed David Dupuy, the company's executive VP and CFO, as interim CEO, effective as of February 10.
GTHX

Hot Stocks

06:06 EST G1 Therapeutics to discontinue phase 3 PRESERVE 1 trial - G1 Therapeutics announced topline results from its pivotal Phase 3 PRESERVE 1 trial showing that the trial achieved its co-primary endpoints related to severe neutropenia with statistical significance; however, early anti-tumor efficacy data, including overall response rate, or ORR, and preliminary measures of survival, favored the placebo arm. Other clinical trials of trilaciclib in combination with different chemotherapies in patients with extensive-stage small cell lung cancer and triple negative breast cancer did not demonstrate this adverse survival signal. Given that placebo outperformed trilaciclib in these analyses of PRESERVE 1, the Company has made the decision to discontinue the colorectal, or CRC, trial. The Data Monitoring Committee, or DMC, has independently reached the same conclusion. PRESERVE 1 was designed to evaluate the efficacy and safety of trilaciclib administered in addition to triplet therapy with FOLFOXIRI + bevacizumab in patients with metastatic CRC. Detailed Phase 3 results will be presented at an upcoming scientific congress and submitted for publication. PRESERVE 1 achieved its co-primary endpoints showing clinically meaningful and statistically significant reductions in both occurrence of severe neutropenia during induction and mean duration of severe neutropenia in Cycles 1 through 4. In addition, patients receiving trilaciclib had a clinically meaningful reduction in the rate of chemotherapy-induced diarrhea, including a 50% reduction in the rate of Grade 3/4 diarrhea and a 30% reduction in the rate of any grade diarrhea, compared to placebo. Further, patients receiving trilaciclib experienced fewer chemotherapy dose reductions and delays. Other secondary measures of myeloprotection also favored trilaciclib, including reductions in Febrile Neutropenia and ESA administration. However, despite the achievement of the co-primary endpoints and other secondary measures of myeloprotection and tolerability, early anti-tumor efficacy data, including ORR, favor patients receiving placebo compared to trilaciclib, 61% and 50% ORRs, respectively. Given the differential in these anti-tumor efficacy metrics and the low likelihood of achieving the progression-free survival, or PFS, and overall survival, OS, endpoints, G1 has made the decision to discontinue PRESERVE 1.
OPT

Hot Stocks

06:06 EST Opthea announces publication of Phase 2b trial results of OPT-302 - Opthea announced that the Phase 2b study results of OPT-302, the company's anti-VEGF-C/-D "trap" agent administered in combination with Lucentis for the treatment of wet age-related macular degeneration, have been published online in Ophthalmology, the journal of the American Academy of Ophthalmology. The prospective, randomized, controlled Phase 2b trial of 366 treatment-naive patients with wet AMD, conducted at 109 clinical sites across the United States, Europe and Israel, demonstrated that monthly intravitreal administration of 2.0 mg OPT-302 with ranibizumab standard of care, met the pre-specified primary efficacy endpoint of a statistically superior gain in visual acuity at 24 weeks, compared to ranibizumab alone. In addition, secondary outcomes were positive for the OPT-302 combination therapy including more participants with gains in vision of 10 or more letters, improved anatomy of reduction in swelling and vascular leakage, with a favorable safety profile.
LLY

Hot Stocks

06:05 EST Eli Lilly to supply API for insulin at reduced price to IABL - Eli Lilly will supply its active pharmaceutical ingredient, or API, for human insulin at a reduced price to International Agencies, or IABL, in an effort to increase patient access and improve affordability for high-quality insulin for nearly one million people living with diabetes in Bangladesh by 2030. IABL will formulate, fill and finish human insulin vials and cartridges under its own trademark and brand name by 2025. The IABL-produced insulin will be exclusively for the Bangladesh market.
BANC

Hot Stocks

06:04 EST Banc of California raises dividend 67%, announces $35M share buyback program - Banc of California announced that its Board of Directors has declared a quarterly cash dividend of 10c per share on its outstanding common stock. This dividend represents an increase of 4c per share, or 66.7%, over the dividend paid in the previous quarter. The dividend will be payable on April 3 to stockholders of record as of March 15. The company also announced that its Board of Directors has authorized the repurchase of up to $35M of the company's common stock.
RMTI

Hot Stocks

06:02 EST Rockwell Medical signs product purchase agreement with Concerto - Rockwell Medical announced that the Company signed a three-year product purchase agreement with Concerto Renal Services, the largest provider of dialysis in skilled nursing facilities in the U.S. Under the terms of the agreement, Rockwell Medical will be the primary supplier of liquid and dry acid and bicarbonate concentrates to Concerto through a three-year commitment that includes supply and purchasing minimums. Concerto operates in eleven states - Illinois, Maryland, Kansas, Missouri, Indiana, Michigan, Ohio, Wisconsin, Georgia, Pennsylvania, and Delaware - and is launching operations in several additional states. Founded by nursing home operators who grew frustrated with both the quality of in-house dialysis care and the risks of transporting patients offsite for renal care, Concerto Renal Services began in 2015 with a vision of 'Giving Life to People on Dialysis'. In the United States, the in-center hemodialysis concentrates market is currently valued at $380M and is anticipated to grow to approximately $500M by 2026, driven primarily by an increasing number of patients suffering from end-stage kidney disease.
PODD

Hot Stocks

06:02 EST Insulet acquires insulin pump patents from Bigfoot Biomedical for $25M - Insulet and Bigfoot Biomedical announced Insulet has acquired assets related to Bigfoot's pump-based automated insulin delivery technologies. Insulet paid $25M for the acquisition, which includes certain Bigfoot patents related to pumps that may be used for AID therapy. The transaction further strengthens Insulet's intellectual property portfolio and provides Bigfoot with additional capital to expand its Bigfoot Unity Diabetes Management System to more people in need of connected insulin injection support technologies. The transaction also includes fully paid-up licenses between the parties in their respective business fields with respect to the acquired patents and other Bigfoot patents.
ALC

Hot Stocks

05:29 EST Alcon to pay $199M in settlement agreement with J&J Surgical Vision - Alcon announced that it has entered into a settlement agreement with J&J Surgical Vision, Inc. to resolve their pending legal proceedings relating to femtosecond laser assisted cataract surgery devices, including Alcon's LenSx device, which Alcon acquired as part of its purchase of LenSx Lasers, Inc. in 2010. As part of the resolution of this matter, the parties have exchanged cross-licenses of certain intellectual property and other mutually agreed covenants and releases, and Alcon will make a one-time payment to J&J Surgical Vision, Inc. of $199M for those rights and to resolve various worldwide intellectual property disputes relating to this matter.
FUTU

Hot Stocks

05:28 EST Futu Holdings announces connectivity, market data partnership with BOT in China - Blue Ocean Technologies, or BOT, the holding company of Blue Ocean ATS; and Futu Clearing, the U.S.-based clearing and execution subsidiary of Futu Holdings announced a connectivity and market data partnership. The new partnership allows Futubull platform clients to electronically trade US National Market System, or NMS, stocks during local business hours in Hong Kong, effective February 13. Furthermore, Blue Ocean is offering Futubull clients market data as part of their integrated investor data offering on its proprietary one-stop digital platform. For the first time Futu is providing clients access to trade U.S. equities in real-time and access market data during Hong Kong local business hours via the Blue Ocean Alternative Trading System market center. The Blue Ocean ATS platform offers Asia-Pacific based investors the ability to trade during 10:00 am to 6:00 pm in Hong Kong. Blue Ocean ATS currently offers all trading subscribers the option to trade via its marquis service Blue Ocean Session from 8:00 pm to 4:00 am U.S. ET.
FCX

Hot Stocks

05:25 EST Freeport-McMoRan announces disruption of operations at PT-FI Grasberg - Freeport-McMoRan announced that PT Freeport Indonesia's, or PT-FI, Grasberg operations have been temporarily disrupted because of significant rainfall and landslides in the area of its milling operations in Papua, Indonesia. Intense rains on Saturday February 11 resulted in flooding and a flow of debris, causing damage to infrastructure near its milling complex. Personnel were safely evacuated from the localized area. PT-FI is conducting a damage assessment and preparing a recovery plan to resume operations. Preliminary estimates, which are subject to change as assessments are completed, indicate operations can be restored by the end of February. There is no impact to PT-FI's long term plans. PT-FI's daily production approximates nearly 5 million pounds of copper and 5,000 ounces of gold. As a result of the disruption, FCX expects its first-quarter 2023 sales to be lower than the guidance provided on January 25 of 900M pounds of copper and 300,000 ounces of gold.
WKEY

Hot Stocks

05:23 EST WISeKey files registration statement to effect partial spin-off of Sealsq Corp - WISeKey announced that, through a wholly-owned subsidiary, Sealsq Corp, it has publicly filed a registration statement on Form F-1 pursuant to the Securities Act of 1933 with the U.S. Securities and Exchange Commission to effect a partial spin-off of Sealsq Corp, currently a wholly-owned subsidiary that acts as the holding company for our semiconductor business. Sealsq is in the process of applying to have its Ordinary Shares listed on the Nasdaq Global Market under the ticker symbol (LAES). WISeKey proposes to distribute 20% of Sealsq's outstanding ordinary shares, to holders of WISeKey Class B Shares, including holders of WISeKey ADSs, and to holders of WISeKey Class A Shares, in each case as a partial spin-off distribution as a dividend in kind to such holders. WISeKey will initially retain 100% ownership of Sealsq's Class F Shares. The transaction is expected to be completed around the beginning of the second quarter of 2023, and remains subject to the applicable approvals and conditions to the transaction being satisfied or waived, including but not limited to, the Form F-1 being declared effective by the SEC, the approval of the listing of Sealsq Ordinary Shares on the Nasdaq Global Market and the approval of the spin-off distribution by the WISeKey shareholders at an Extraordinary General Meeting. There can be no assurance that the transaction will occur, or if one does, its terms or timing. SEALSQ is dedicated to advancing the field of post-quantum computing, making it accessible to a wide range of industries that are already using our semiconductors, and it is enabling advances in communications, computing, healthcare, military systems, transportation, clean energy, and countless other applications.
GOGL

Hot Stocks

05:07 EST Golden Ocean to acquire six vessels for $291M - Golden Ocean announced it has entered into an agreement to acquire six modern 208,000 deadweight tons, or dwt, vessels equipped with exhaust gas cleaning systems, or scrubbers, for a total consideration of $291M. The newly-acquired vessels will be chartered back to their former owner, an unrelated third party, for approximately 36 months at an average daily time charter equivalent rate of approximately $21,000 net. The acquisition will be financed by a new $233M credit facility, which will be secured by the newly-acquired vessels and two unencumbered vessels, and cash on hand. Over the past 24 months, Golden Ocean has sold 11 older vessels, generating aggregate net proceeds of approximately $124M. These proceeds are sufficient to fund the majority of the expected equity required, based on conservative debt financing assumptions, for the ten Kamsarmax newbuildings currently under construction as well as the six newly-acquired vessels.
CHKP

Hot Stocks

05:04 EST Check Point announces $2B expansion of share repurchase program - Check Point announced that its board of directors has authorized a $2B expansion of the company's on-going share repurchase program. Under the extended share repurchase program, Check Point is authorized to continue repurchasing its shares up to $325M each quarter.